Forager Capital Management, LLC

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 15, 2024), Forager Capital Management, LLC reported 12 stock positions worth $259.0 million. Its top holding was Willdan (WLDN) at 21.3% of the portfolio, followed by Mastercraft Boat (MCFT, 9.5%) and Regional Management (RM, 9.2%). Compared with Q4 2023, it sold out of 1, added to 5 and reduced 2. The biggest buy was Eastern (EML, shares +0%) and the biggest sale Century Communities (CCS, shares −22%).

Most Recent 13F
Q2 2026
Location
BIRMINGHAM, AL
CIK
0001802986
Portfolio Value
$259.0M (Q1 2024)
SEC Filing
0001420506-24-000975 ↗ filed May 15, 2024

Holdings Value

0$100.0M$200.0M$300.0M Q1 2024: $259.0M $259.0M Q1 2024 Q2 2024: $233.5M Q2 2024 Q3 2024: $254.3M Q3 2024 Q4 2024: $238.8M Q4 2024 Q1 2025: $202.1M Q1 2025 Q2 2025: $204.5M Q2 2025 Q3 2025: $226.7M Q3 2025 Q4 2025: $220.9M Q4 2025 Q1 2026: $200.9M Q1 2026 Q2 2026: $265.9M Q2 2026

Holdings 12 stocks · $259.0M
WLDN Willdan Group Inc. 21.27% 1,900,057 $55.1M Reduce -0.6%
MCFT Mastercraft Boat Holdings Inc. 9.50% 1,037,290 $24.6M Add +11.0%
RM Regional Management Corp. 9.20% 983,686 $23.8M No change
CCS Century Communities Inc. 8.58% 230,193 $22.2M Reduce -21.9%
IMXI International Money Express 8.47% 961,174 $21.9M Add +3.1%
RUSHA Rush Enterprises Inc. Class A 8.33% 403,089 $21.6M No change
CVGI Commercial Vehicle Group Inc. 8.18% 3,295,671 $21.2M Add +7.1%
MLKN Millerknoll Inc. 6.73% 703,841 $17.4M No change
GTX Garrett Motion Inc. 6.64% 1,731,095 $17.2M No change
VMD Viemed Healthcare Inc. 6.25% 1,717,498 $16.2M No change
EML The Eastern Co. 6.16% 467,957 $16.0M Add +0.3%
DLAPQ Delta Apparel Inc. 0.69% 595,025 $1.8M Add +14.3%

Portfolio Sells Q4 2023 → Q1 2024
CCS Century Communities Inc. Reduce -21.9% 8.58% −2.40
ACCS Access Newswire Inc. Sold out 0.00% −1.70
WLDN Willdan Group Inc. Reduce -0.6% 21.27% +4.48

Portfolio Buys Q4 2023 → Q1 2024
EML The Eastern Co. Add +0.3% 6.16% +1.97
MCFT Mastercraft Boat Holdings Inc. Add +11.0% 9.50% +0.85
IMXI International Money Express Add +3.1% 8.47% +0.06
CVGI Commercial Vehicle Group Inc. Add +7.1% 8.18% −0.63
DLAPQ Delta Apparel Inc. Add +14.3% 0.69% −0.83

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 10$265.9MRPAY, RM, MCFT, MLKN, OPRT
Q1 2026 10$200.9MMCFT, RM, HOV, VMD, RPAY
Q4 2025 11$220.9MRM, MCFT, MLKN, HOV, VMD
Q3 2025 11$226.7MRM, MCFT, HOV, MLKN, IIIV
Q2 2025 11$204.5MMCFT, RM, MLKN, HOV, IMXI
Q1 2025 11$202.1MMCFT, RM, WLDN, MLKN, HOV
Q4 2024 13$238.8MRM, MCFT, MLKN, HOV, IMXI
Q3 2024Amended 13$254.3MRM, WLDN, MCFT, HOV, RUSHA
Q2 2024 14$233.5MWLDN, RM, MCFT, IMXI, MLKN
Q1 2024 12$259.0MWLDN, MCFT, RM, CCS, IMXI