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Forager Capital Management, LLC

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13F filer, CIK 1802986, BIRMINGHAM, AL

Forager Capital Management, LLC reported $200,868,713 across 10 holdings for the quarter ended 2026-03-31, in a 13F-HR filed 2026-05-15.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001420506-26-001058

Period
2026-03-31
Reported value
$201M
Holdings
10
Top 10 weight
100%
New
0
Sold out
1

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
RPAYadded+5,252,111$13.7M
OPRTadded+981,726$4.53M
IIIVadded+30,000$671K
VMDadded+40,000$368K

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
QIPTexited-4,199,562-$14.8M
RUSHAreduced-192,000-$12.7M
RMreduced-65,835-$2.12M
MCFTreduced-87,841-$1.8M
MLKNreduced-90,000-$1.3M

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, Q1 2026

Share positions as resolved from 13F-HR 0001420506-26-001058, largest first. % of portfolio is the value over $200,868,713, 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; 2024Q2: restricted; 2024Q3: 1,697,695 shares; 2024Q4: 1,697,695 shares; 2025Q1: 1,697,695 shares; 2025Q2: 1,802,975 shares; 2025Q3: 1,802,975 shares; 2025Q4: 1,699,118 shares; 2026Q1: 1,611,277 shares 1,611,277$33M16.45%-87,841Timeline
RMREGIONAL MGMT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 1,086,102 shares; 2024Q4: 1,086,102 shares; 2025Q1: 899,026 shares; 2025Q2: 1,085,098 shares; 2025Q3: 1,085,098 shares; 2025Q4: 1,085,098 shares; 2026Q1: 1,019,263 shares 1,019,263$32.9M16.36%-65,835Timeline
HOVHOVNANIAN ENTERPRISES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 117,000 shares; 2024Q4: 189,068 shares; 2025Q1: 202,672 shares; 2025Q2: 239,500 shares; 2025Q3: 243,357 shares; 2025Q4: 236,315 shares; 2026Q1: 236,315 shares 236,315$26.2M13.05%0Timeline
VMDVIEMED HEALTHCARE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 1,717,488 shares; 2024Q4: 1,717,498 shares; 2025Q1: 1,905,802 shares; 2025Q2: 2,136,472 shares; 2025Q3: 2,736,472 shares; 2025Q4: 2,785,871 shares; 2026Q1: 2,825,871 shares 2,825,871$26M12.96%+40,000Timeline
RPAYREPAY HLDGS CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 3,990,726 shares; 2026Q1: 9,242,837 shares 9,242,837$24M11.96%+5,252,111Timeline
MLKNMILLERKNOLL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 953,841 shares; 2024Q4: 1,181,841 shares; 2025Q1: 1,181,841 shares; 2025Q2: 1,301,841 shares; 2025Q3: 1,466,841 shares; 2025Q4: 1,561,841 shares; 2026Q1: 1,471,841 shares 1,471,841$21.3M10.6%-90,000Timeline
OPRTOPORTUN FINL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 1,957,588 shares; 2025Q4: 2,380,000 shares; 2026Q1: 3,361,726 shares 3,361,726$15.5M7.72%+981,726Timeline
IIIVI3 VERTICALS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 765,000 shares; 2025Q1: 765,000 shares; 2025Q2: 665,000 shares; 2025Q3: 665,000 shares; 2025Q4: 549,401 shares; 2026Q1: 579,401 shares 579,401$13M6.45%+30,0002026-09-01, 13G: 1,106,474 shares, 6.1% of the class, 13G filed 2026-09-30 Timeline
IMXIINTERNATIONAL MONEY EXPRESSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 1,221,174 shares; 2024Q4: 1,141,174 shares; 2025Q1: 1,491,174 shares; 2025Q2: 1,946,174 shares; 2025Q3: 723,965 shares; 2025Q4: 366,174 shares; 2026Q1: 366,174 shares 366,174$5.79M2.88%0Timeline
RUSHARUSH ENTERPRISES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 448,089 shares; 2024Q4: 159,822 shares; 2025Q1: 159,822 shares; 2025Q2: 239,822 shares; 2025Q3: 239,822 shares; 2025Q4: 239,822 shares; 2026Q1: 47,822 shares 47,822$3.16M1.57%-192,000Timeline

Sold out in Q1 2026

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
QIPTQUIPT HOME MEDICAL CORP4,199,562$14.8Mshares

How Q1 2026 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 0001420506-26-001058 base2026-05-15acceptance time not in the bulk data set