Forest Hill Capital, LLC

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), Forest Hill Capital, LLC reported 38 stock positions worth $133.6 million. Its top holding was Sprott Physical Gold Trust (PHYS) at 26.1% of the portfolio, followed by Vaneck Gold Miners ETF (GDX, 9.6%) and Franco-Nevada (FNV, 9.6%). Compared with Q4 2024, it opened 1 new position, sold out of 2, added to 6 and reduced 3. The biggest buy was a new position in Health Catalyst (HCAT) and the biggest sale Trubridge (TBRG, shares −65%).

Most Recent 13F
Q2 2026
Location
LITTLE ROCK, AR
CIK
0001316550
Portfolio Value
$133.6M (Q1 2025)
SEC Filing
0001085146-25-003310 ↗ filed May 15, 2025

Holdings Value

0$50.0M$100.0M$150.0M$200.0M Q1 2024: $116.2M Q1 2024 Q2 2024: $121.2M Q2 2024 Q3 2024: $131.7M Q3 2024 Q4 2024: $129.4M Q4 2024 Q1 2025: $133.6M $133.6M Q1 2025 Q2 2025: $140.9M Q2 2025 Q3 2025: $169.9M Q3 2025 Q4 2025: $195.6M Q4 2025 Q1 2026: $152.3M Q1 2026 Q2 2026: $129.9M Q2 2026

Holdings 38 stocks · $133.6M
PHYS Sprott Physical Gold Trust 26.08% 1,448,500 $34.9M No change
GDX Vaneck Gold Miners ETF 9.61% 279,500 $12.8M No change
FNV Franco-Nevada Corp. 9.61% 81,500 $12.8M No change
NEM Newmont Corp. 7.07% 195,750 $9.5M Reduce -2.6%
AMZN Amazon.com Inc. 5.69% 40,000 $7.6M No change
JOE The St Joe Co. 2.78% 79,000 $3.7M No change
DLR Digital Realty Trust Inc. 2.41% 22,500 $3.2M No change
HQY Healthequity Inc. 2.25% 34,076 $3.0M Add +13.3%
MSFT Microsoft Corp. 2.25% 8,000 $3.0M No change
PNFP Pinnacle Financial Partners 2.18% 27,525 $2.9M No change
HUN Huntsman Corp. 2.07% 175,000 $2.8M Add +12.9%
HWC Hancock Whitney Corp. 1.95% 49,751 $2.6M No change
ECVT Ecovyst Inc. 1.82% 391,900 $2.4M Add +5.4%
SSB Southstate Bank Corp. 1.74% 25,000 $2.3M No change
GOOGL Alphabet Inc. Class A 1.74% 15,000 $2.3M No change
CADE Cadence Bank 1.51% 66,352 $2.0M No change
MRTN Marten Transport Ltd. 1.44% 140,000 $1.9M No change
ZIMV Zimvie Inc. 1.40% 172,809 $1.9M No change
OBK Origin Bancorp Inc. 1.38% 53,000 $1.8M No change
BANR Banner Corporation 1.36% 28,522 $1.8M No change
SASR Sandy Spring Bancorp Inc. 1.36% 65,063 $1.8M No change
CMCO Columbus McKinnon Corp. 1.29% 102,188 $1.7M Add +15.2%
THS Treehouse Foods Inc. 1.28% 63,000 $1.7M No change
EVH Evolent Health Inc. Class A 1.20% 169,750 $1.6M Add +17.3%
CRMT America's Car-Mart Inc. 1.06% 31,176 $1.4M Add +15.6%
VYMI Vanguard Int High DVD YLD Inc. 1.06% 19,200 $1.4M No change
TBRG Trubridge Inc. 1.05% 51,183 $1.4M Reduce -65.5%
VBR Vngrd Mrngst SL-CP Val ETF-U 0.96% 6,900 $1.3M No change
CSCO Cisco Systems Inc. 0.67% 14,531 $897K No change
ABBV Abbvie Inc. 0.66% 4,200 $880K No change
BIPC Brookfield Infrastructure-A 0.54% 20,100 $727K No change
ENB Enbridge Inc. 0.52% 15,800 $700K No change
CCI Crown Castle Inc. 0.48% 6,200 $646K No change
FHN First Horizon Corp. 0.41% 28,000 $544K No change
WEST Westrock Coffee Co. 0.38% 70,000 $505K No change
RELL Richardson Elec Ltd. 0.31% 37,327 $417K Reduce -41.4%
WM Waste Management Inc. 0.30% 1,730 $401K No change
HCAT Health Catalyst Inc. 0.13% 37,000 $168K New

Portfolio Sells Q4 2024 → Q1 2025
TBRG Trubridge Inc. Reduce -65.5% 1.05% −1.21
ATSG Air Transport Services Group Sold out 0.00% −0.70
HDSN Hudson Technologies Inc. Sold out 0.00% −0.43
RELL Richardson Elec Ltd. Reduce -41.4% 0.31% −0.38
NEM Newmont Corp. Reduce -2.6% 7.07% +1.29

Portfolio Buys Q4 2024 → Q1 2025
HCAT Health Catalyst Inc. New 0.13% +0.13
HQY Healthequity Inc. Add +13.3% 2.25% +0.02
CRMT America's Car-Mart Inc. Add +15.6% 1.06% −0.01
EVH Evolent Health Inc. Class A Add +17.3% 1.20% −0.06
HUN Huntsman Corp. Add +12.9% 2.07% −0.09
ECVT Ecovyst Inc. Add +5.4% 1.82% −0.38
CMCO Columbus McKinnon Corp. Add +15.2% 1.29% −1.26

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 21$129.9MPHYS, GDX, NEM, FNV, SLV
Q1 2026 19$152.3MPHYS, GDX, NEM, FNV, SLV
Q4 2025 35$195.6MPHYS, GDX, SLV, NEM, FNV
Q3 2025 37$169.9MPHYS, GDX, FNV, NEM, AMZN
Q2 2025 36$140.9MPHYS, GDX, FNV, NEM, AMZN
Q1 2025 38$133.6MPHYS, GDX, FNV, NEM, AMZN
Q4 2024 39$129.4MPHYS, FNV, GDX, AMZN, NEM
Q3 2024 41$131.7MPHYS, GDX, NEM, FNV, AMZN
Q2 2024 39$121.2MPHYS, FNV, GDX, NEM, AMZN
Q1 2024 38$116.2MPHYS, FNV, GDX, AMZN, NEM