Forager Capital Management, LLC
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 18, 2024), Forager Capital Management, LLC reported 13 stock positions worth $254.3 million. Its top holding was Regional Management (RM) at 14.0% of the portfolio, followed by Willdan (WLDN, 12.9%) and Mastercraft Boat (MCFT, 12.2%). Compared with Q2 2024, it sold out of 1, added to 6 and reduced 4. The biggest buy was Hovnanian Enterprises-A (HOV, shares +4%) and the biggest sale Willdan (WLDN, shares −44%).
- Most Recent 13F
- Q2 2026
- Location
- BIRMINGHAM, AL
- CIK
- 0001802986
- Portfolio Value
- $254.3M (Q3 2024)
- SEC Filing
- 0001420506-24-002594 ↗ filed Nov 18, 2024
Holdings Value
Holdings 13 stocks · $254.3M
| RM Regional Management Corp. | 13.97% | 1,086,102 | $35.5M | No change |
| WLDN Willdan Group Inc. | 12.94% | 803,209 | $32.9M | Reduce -44.4% |
| MCFT Mastercraft Boat Holdings Inc. | 12.16% | 1,697,695 | $30.9M | Add +29.9% |
| HOV Hovnanian Enterprises-A | 9.40% | 117,000 | $23.9M | Add +3.5% |
| RUSHA Rush Enterprises Inc. Class A | 9.31% | 448,089 | $23.7M | Add +11.2% |
| MLKN Millerknoll Inc. | 9.29% | 953,841 | $23.6M | Add +45.9% |
| IMXI International Money Express | 8.88% | 1,221,174 | $22.6M | Add +27.1% |
| GTX Garrett Motion Inc. | 5.57% | 1,731,095 | $14.2M | No change |
| VMD Viemed Healthcare Inc. | 5.22% | 1,717,488 | $13.3M | Reduce 0.0% |
| QIPT Quipt Home Medical Corp. | 4.80% | 4,192,562 | $12.2M | Add +77.7% |
| CVGI Commercial Vehicle Group Inc. | 4.39% | 3,437,771 | $11.2M | No change |
| CCS Century Communities Inc. | 3.86% | 95,193 | $9.8M | Reduce -9.5% |
| EML The Eastern Co. | 0.21% | 16,741 | $543K | Reduce -93.1% |
Portfolio Sells Q2 2024 → Q3 2024
Portfolio Buys Q2 2024 → Q3 2024
| HOV Hovnanian Enterprises-A | Add +3.5% | 9.40% | +2.54 |
| RUSHA Rush Enterprises Inc. Class A | Add +11.2% | 9.31% | +2.08 |
| MLKN Millerknoll Inc. | Add +45.9% | 9.29% | +1.87 |
| MCFT Mastercraft Boat Holdings Inc. | Add +29.9% | 12.16% | +1.59 |
| QIPT Quipt Home Medical Corp. | Add +77.7% | 4.80% | +1.55 |
| IMXI International Money Express | Add +27.1% | 8.88% | +0.30 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 10 | $265.9M | RPAY, RM, MCFT, MLKN, OPRT |
| Q1 2026 | 10 | $200.9M | MCFT, RM, HOV, VMD, RPAY |
| Q4 2025 | 11 | $220.9M | RM, MCFT, MLKN, HOV, VMD |
| Q3 2025 | 11 | $226.7M | RM, MCFT, HOV, MLKN, IIIV |
| Q2 2025 | 11 | $204.5M | MCFT, RM, MLKN, HOV, IMXI |
| Q1 2025 | 11 | $202.1M | MCFT, RM, WLDN, MLKN, HOV |
| Q4 2024 | 13 | $238.8M | RM, MCFT, MLKN, HOV, IMXI |
| Q3 2024Amended | 13 | $254.3M | RM, WLDN, MCFT, HOV, RUSHA |
| Q2 2024 | 14 | $233.5M | WLDN, RM, MCFT, IMXI, MLKN |
| Q1 2024 | 12 | $259.0M | WLDN, MCFT, RM, CCS, IMXI |