Forest Hill Capital, LLC

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), Forest Hill Capital, LLC reported 35 stock positions worth $195.6 million. Its top holding was Sprott Physical Gold Trust (PHYS) at 24.5% of the portfolio, followed by Vaneck Gold Miners ETF (GDX, 12.3%) and iShares Silver Trust (SLV, 10.3%). Compared with Q3 2025, it opened 2 new positions, sold out of 4, added to 1 and reduced 4. The biggest buy was a new position in iShares Silver Trust (SLV) and the biggest sale an exit from Amazon.com (AMZN).

Most Recent 13F
Q2 2026
Location
LITTLE ROCK, AR
CIK
0001316550
Portfolio Value
$195.6M (Q4 2025)
SEC Filing
0001316550-26-000002 ↗ filed Feb 17, 2026

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 Q2 2025 Q3 2025: $169.9M Q3 2025 Q4 2025: $195.6M $195.6M Q4 2025 Q1 2026: $152.3M Q1 2026 Q2 2026: $129.9M Q2 2026

Holdings 35 stocks · $195.6M
PHYS Sprott Physical Gold Trust 24.45% 1,448,500 $47.8M No change
GDX Vaneck Gold Miners ETF 12.26% 279,500 $24.0M No change
SLV iShares Silver Trust 10.28% 312,000 $20.1M New
NEM Newmont Corp. 9.99% 195,750 $19.5M No change
FNV Franco-Nevada Corp. 8.64% 81,500 $16.9M No change
PSLV Sprott Physical Silver Trust 4.69% 388,000 $9.2M New
GOOGL Alphabet Inc. Class A 2.40% 15,000 $4.7M No change
JOE The St Joe Co. 2.25% 74,000 $4.4M No change
MSFT Microsoft Corp. 1.98% 8,000 $3.9M No change
ECVT Ecovyst Inc. 1.95% 391,900 $3.8M No change
DLR Digital Realty Trust Inc. 1.78% 22,500 $3.5M No change
HWC Hancock Whitney Corp. 1.62% 49,751 $3.2M No change
HUN Huntsman Corp. 1.46% 286,000 $2.9M Reduce -4.0%
CADE Cadence Bank 1.45% 66,352 $2.8M No change
HQY Healthequity Inc. 1.39% 29,576 $2.7M No change
PNFP Pinnacle Financial Partners 1.34% 27,525 $2.6M No change
SSB Southstate Bank Corp. 1.20% 25,000 $2.4M No change
TBRG Trubridge Inc. 1.14% 101,308 $2.2M No change
AUB Atlantic Union Bankshares Co. 1.06% 58,556 $2.1M No change
OBK Origin Bancorp Inc. 1.02% 53,000 $2.0M No change
CMCO Columbus McKinnon Corp. 0.90% 102,188 $1.8M No change
VYMI Vanguard Int High DVD YLD Inc. 0.88% 19,200 $1.7M No change
CRMT America's Car-Mart Inc. 0.79% 60,938 $1.5M No change
VBR Vngrd Mrngst SL-CP Val ETF-U 0.75% 6,900 $1.5M No change
MRTN Marten Transport Ltd. 0.67% 115,000 $1.3M Add +27.8%
HUBG Hub Group Inc. Class A 0.65% 30,000 $1.3M No change
CSCO Cisco Systems Inc. 0.49% 12,531 $965K Reduce -13.8%
BIPC Brookfield Infrastructure-A 0.47% 20,100 $913K No change
ABBV Abbvie Inc. 0.42% 3,600 $823K Reduce -14.3%
ENB Enbridge Inc. 0.39% 15,800 $756K No change
FHN First Horizon Corp. 0.34% 28,000 $669K No change
EVH Evolent Health Inc. Class A 0.31% 150,250 $601K No change
RELL Richardson Elec Ltd. 0.21% 37,327 $406K No change
WM Waste Management Inc. 0.19% 1,730 $380K No change
CCI Crown Castle Inc. 0.19% 4,200 $373K Reduce -32.3%

Portfolio Sells Q3 2025 → Q4 2025
AMZN Amazon.com Inc. Sold out 0.00% −5.17
ZIMV Zimvie Inc. Sold out 0.00% −2.32
THS Treehouse Foods Inc. Sold out 0.00% −1.25
CCI Crown Castle Inc. Reduce -32.3% 0.19% −0.16
ABBV Abbvie Inc. Reduce -14.3% 0.42% −0.15
HUN Huntsman Corp. Reduce -4.0% 1.46% −0.11
CSCO Cisco Systems Inc. Reduce -13.8% 0.49% −0.09
HCAT Health Catalyst Inc. Sold out 0.00% −0.06

Portfolio Buys Q3 2025 → Q4 2025
SLV iShares Silver Trust New 10.28% +10.28
PSLV Sprott Physical Silver Trust New 4.69% +4.69
MRTN Marten Transport Ltd. Add +27.8% 0.67% +0.10

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