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Forager Capital Management, LLC

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13F filer, CIK 1802986, BIRMINGHAM, AL

Forager Capital Management, LLC reported $204,509,680 across 11 holdings for the quarter ended 2025-06-30, in a 13F-HR filed 2025-08-13. Its ten largest share positions make up 97.09% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001420506-25-001872

Period
2025-06-30
Reported value
$205M
Holdings
11
Top 10 weight
97.09%
New
0
Sold out
0

Part of the filer group Forager Capital Management, LLC

  • Forager Fund, L.P.
  • Kissel Edward Urban
  • MacArthur Robert Symmes
How groups are built

Largest buys vs the previous quarter

SecurityShares changeApprox. value
RMadded+186,072$5.44M
IMXIadded+455,000$4.59M
RUSHAadded+80,000$4.12M
HOVadded+36,828$3.85M
MLKNadded+120,000$2.33M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
WLDNreduced-464,427-$29M
IIIVreduced-100,000-$2.75M
GTXreduced-190,000-$2M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q2 2025

Share positions as resolved from 13F-HR 0001420506-25-001872, largest first. % of portfolio is the value over $204,509,680, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
MCFTMASTERCRAFT BOAT HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,697,695 shares; 2024Q4: 1,697,695 shares; 2025Q1: 1,697,695 shares; 2025Q2: 1,802,975 shares 1,802,975$33.5M16.38%+105,280Timeline
RMREGIONAL MGMT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,086,102 shares; 2024Q4: 1,086,102 shares; 2025Q1: 899,026 shares; 2025Q2: 1,085,098 shares 1,085,098$31.7M15.5%+186,072Timeline
MLKNMILLERKNOLL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 953,841 shares; 2024Q4: 1,181,841 shares; 2025Q1: 1,181,841 shares; 2025Q2: 1,301,841 shares 1,301,841$25.3M12.36%+120,000Timeline
HOVHOVNANIAN ENTERPRISES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 117,000 shares; 2024Q4: 189,068 shares; 2025Q1: 202,672 shares; 2025Q2: 239,500 shares 239,500$25M12.24%+36,828Timeline
IMXIINTERNATIONAL MONEY EXPRESSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,221,174 shares; 2024Q4: 1,141,174 shares; 2025Q1: 1,491,174 shares; 2025Q2: 1,946,174 shares 1,946,174$19.6M9.6%+455,000Timeline
IIIVI3 VERTICALS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 765,000 shares; 2025Q1: 765,000 shares; 2025Q2: 665,000 shares 665,000$18.3M8.94%-100,0002026-09-01, 13G: 1,106,474 shares, 6.1% of the class, 13G filed 2026-09-30 Timeline
VMDVIEMED HEALTHCARE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,717,488 shares; 2024Q4: 1,717,498 shares; 2025Q1: 1,905,802 shares; 2025Q2: 2,136,472 shares 2,136,472$14.8M7.22%+230,670Timeline
RUSHARUSH ENTERPRISES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 448,089 shares; 2024Q4: 159,822 shares; 2025Q1: 159,822 shares; 2025Q2: 239,822 shares 239,822$12.4M6.04%+80,000Timeline
WLDNWILLDAN GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 803,209 shares; 2024Q4: 440,439 shares; 2025Q1: 632,384 shares; 2025Q2: 167,957 shares 167,957$10.5M5.13%-464,427Timeline
QIPTQUIPT HOME MED CORP COM (CAN)Quarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 4,192,562 shares; 2024Q4: 4,199,562 shares; 2025Q1: 4,199,562 shares; 2025Q2: 4,199,562 shares 4,199,562$7.52M3.68%0Timeline
GTXGARRETT MOTION INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,731,095 shares; 2024Q4: 1,731,095 shares; 2025Q1: 756,095 shares; 2025Q2: 566,095 shares 566,095$5.95M2.91%-190,000Timeline

How Q2 2025 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001420506-25-001872 base2025-08-13acceptance time not in the bulk data set