Forest Hill Capital, LLC

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), Forest Hill Capital, LLC reported 36 stock positions worth $140.9 million. Its top holding was Sprott Physical Gold Trust (PHYS) at 26.1% of the portfolio, followed by Vaneck Gold Miners ETF (GDX, 10.3%) and Franco-Nevada (FNV, 9.5%). Compared with Q1 2025, it opened 1 new position, sold out of 3, added to 2 and reduced 2. The biggest buy was a new position in Atlantic Union Bankshares (AUB) and the biggest sale an exit from Banner (BANR).

Most Recent 13F
Q2 2026
Location
LITTLE ROCK, AR
CIK
0001316550
Portfolio Value
$140.9M (Q2 2025)
SEC Filing
0001085146-25-005273 ↗ filed Aug 14, 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 Q1 2025 Q2 2025: $140.9M $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 36 stocks · $140.9M
PHYS Sprott Physical Gold Trust 26.05% 1,448,500 $36.7M No change
GDX Vaneck Gold Miners ETF 10.32% 279,500 $14.6M No change
FNV Franco-Nevada Corp. 9.48% 81,500 $13.4M No change
NEM Newmont Corp. 8.09% 195,750 $11.4M No change
AMZN Amazon.com Inc. 6.23% 40,000 $8.8M No change
MSFT Microsoft Corp. 2.82% 8,000 $4.0M No change
DLR Digital Realty Trust Inc. 2.78% 22,500 $3.9M No change
JOE The St Joe Co. 2.67% 79,000 $3.8M No change
ECVT Ecovyst Inc. 2.29% 391,900 $3.2M No change
HQY Healthequity Inc. 2.20% 29,576 $3.1M Reduce -13.2%
PNFP Pinnacle Financial Partners 2.16% 27,525 $3.0M No change
HWC Hancock Whitney Corp. 2.03% 49,751 $2.9M No change
GOOGL Alphabet Inc. Class A 1.88% 15,000 $2.6M No change
SSB Southstate Bank Corp. 1.63% 25,000 $2.3M No change
CADE Cadence Bank 1.51% 66,352 $2.1M No change
ZIMV Zimvie Inc. 1.38% 208,309 $1.9M Add +20.5%
HUN Huntsman Corp. 1.35% 183,000 $1.9M Add +4.6%
OBK Origin Bancorp Inc. 1.34% 53,000 $1.9M No change
AUB Atlantic Union Bankshares Co. 1.30% 58,556 $1.8M New
MRTN Marten Transport Ltd. 1.29% 140,000 $1.8M No change
CRMT America's Car-Mart Inc. 1.24% 31,176 $1.7M No change
EVH Evolent Health Inc. Class A 1.20% 150,250 $1.7M Reduce -11.5%
CMCO Columbus McKinnon Corp. 1.11% 102,188 $1.6M No change
VYMI Vanguard Int High DVD YLD Inc. 1.09% 19,200 $1.5M No change
VBR Vngrd Mrngst SL-CP Val ETF-U 0.95% 6,900 $1.3M No change
THS Treehouse Foods Inc. 0.87% 63,000 $1.2M No change
TBRG Trubridge Inc. 0.85% 51,183 $1.2M No change
CSCO Cisco Systems Inc. 0.72% 14,531 $1.0M No change
BIPC Brookfield Infrastructure-A 0.59% 20,100 $836K No change
ABBV Abbvie Inc. 0.55% 4,200 $780K No change
ENB Enbridge Inc. 0.51% 15,800 $716K No change
CCI Crown Castle Inc. 0.45% 6,200 $637K No change
FHN First Horizon Corp. 0.42% 28,000 $594K No change
WM Waste Management Inc. 0.28% 1,730 $396K No change
RELL Richardson Elec Ltd. 0.26% 37,327 $360K No change
HCAT Health Catalyst Inc. 0.10% 37,000 $139K No change

Portfolio Sells Q1 2025 → Q2 2025
BANR Banner Corporation Sold out 0.00% −1.36
SASR Sandy Spring Bancorp Inc. Sold out 0.00% −1.36
WEST Westrock Coffee Co. Sold out 0.00% −0.38
HQY Healthequity Inc. Reduce -13.2% 2.20% −0.05
EVH Evolent Health Inc. Class A Reduce -11.5% 1.20% −0.00

Portfolio Buys Q1 2025 → Q2 2025
AUB Atlantic Union Bankshares Co. New 1.30% +1.30
ZIMV Zimvie Inc. Add +20.5% 1.38% −0.01
HUN Huntsman Corp. Add +4.6% 1.35% −0.71

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