Ranger Investment Management, L.P.
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 19, 2025), Ranger Investment Management, L.P. reported 72 stock positions worth $1.4 billion. Its top holding was Pegasystems (PEGA) at 4.2% of the portfolio, followed by Texas Roadhouse (TXRH, 3.7%) and Excelerate Energy Class A (EE, 3.4%). Compared with Q1 2025, it opened 5 new positions, sold out of 8, added to 36 and reduced 31. The biggest buy was a new position in Warby Parker Class A (WRBY) and the biggest sale an exit from Azek (AZEK).
- Most Recent 13F
- Q2 2026
- Location
- DALLAS, TX
- CIK
- 0001319691
- Portfolio Value
- $1.4B (Q2 2025)
- SEC Filing
- 0001319691-25-000007 ↗ filed Aug 19, 2025
Holdings Value
Holdings 72 stocks · $1.4B
| PEGA Pegasystems Inc. | 4.24% | 1,121,350 | $60.7M | Add +75.9% |
| TXRH Texas Roadhouse Inc. | 3.73% | 285,310 | $53.5M | Reduce -5.2% |
| EE Excelerate Energy Inc. Class A | 3.39% | 1,655,815 | $48.5M | Reduce -2.8% |
| ADMA Adma Biologics Inc. | 3.04% | 2,390,375 | $43.5M | Add +49.1% |
| LMAT Lemaitre Vascular Inc. | 2.98% | 514,074 | $42.7M | Reduce -1.6% |
| FSS Federal Signal Corp. | 2.86% | 385,085 | $41.0M | Add +9.2% |
| ANIP Ani Pharmaceuticals Inc. | 2.43% | 534,233 | $34.9M | Reduce -6.5% |
| CWST Casella Waste Systems Inc. Class A | 2.41% | 299,570 | $34.6M | Reduce -20.4% |
| LGND Ligand Pharmaceuticals | 2.38% | 300,025 | $34.1M | Add +57.8% |
| PCTY Paylocity Holding Corp. | 2.26% | 179,000 | $32.4M | Reduce -5.1% |
| APPF Appfolio Inc. Class A | 2.26% | 140,685 | $32.4M | Add +17.4% |
| STVN Stevanato Group SPA | 2.25% | 1,321,030 | $32.3M | Add +125.6% |
| AAON Aaon Inc. | 2.23% | 433,960 | $32.0M | Add +14.1% |
| IIIV I3 Verticals Inc. Class A | 2.20% | 1,146,200 | $31.5M | Add +0.3% |
| ARIS WATER SOLUTIONS INC-A | 2.18% | 1,319,056 | $31.2M | Add +2.4% |
| ULS Ul Solutions Inc. Class A | 2.16% | 424,895 | $31.0M | Add +54.6% |
| HQY Healthequity Inc. | 2.07% | 282,480 | $29.6M | Reduce -31.7% |
| GWRE Guidewire Software Inc. | 2.03% | 123,750 | $29.1M | Reduce -5.1% |
| CHE Chemed Corp. | 2.02% | 59,505 | $29.0M | Add +13.3% |
| BOOT Boot Barn Holdings Inc. | 2.01% | 189,170 | $28.8M | Reduce -2.7% |
| OSW Onespaworld Holdings Ltd. | 1.89% | 1,326,925 | $27.1M | Reduce -47.5% |
| SFM Sprouts Farmers Market Inc. | 1.73% | 150,335 | $24.8M | Reduce -22.6% |
| LAZ Lazard Inc. | 1.69% | 505,385 | $24.2M | Add +43.5% |
| HOMB Home Bancshares Inc. | 1.69% | 848,050 | $24.1M | Reduce -5.1% |
| JJSF J & J Snack Foods Corp. | 1.59% | 200,540 | $22.7M | Add +52.4% |
| PDFS PDF Solutions Inc. | 1.56% | 1,045,545 | $22.4M | Add +19.2% |
| WRBY Warby Parker Inc. Class A | 1.55% | 1,012,210 | $22.2M | New |
| WSC Willscot Holdings Corp. | 1.54% | 807,194 | $22.1M | Reduce -5.2% |
| NCNO Ncino Inc. | 1.53% | 781,245 | $21.9M | Add +24.1% |
| MEDP Medpace Holdings Inc. | 1.48% | 67,747 | $21.3M | Reduce -5.1% |
| RGEN Repligen Corp. | 1.46% | 167,920 | $20.9M | Reduce -24.6% |
| WING Wingstop Inc. | 1.45% | 61,825 | $20.8M | Add +187.6% |
| TFIN Triumph Financial Inc. | 1.42% | 367,959 | $20.3M | Reduce -2.1% |
| MLAB Mesa Laboratories Inc. | 1.41% | 214,290 | $20.2M | Reduce -7.2% |
| PR Permian Resources Corp. Class A | 1.39% | 1,457,615 | $19.9M | Reduce -38.7% |
| MMSI Merit Medical Systems Inc. | 1.37% | 210,350 | $19.7M | Add +28.0% |
| MNDY Monday.com Ltd. | 1.28% | 58,075 | $18.3M | Add +27.1% |
| SSD Simpson Manufacturing Co. Inc. | 1.26% | 116,280 | $18.1M | Reduce -5.1% |
| SAIA Saia Inc. | 1.12% | 58,715 | $16.1M | Reduce -5.1% |
| WK Workiva Inc. | 1.07% | 223,620 | $15.3M | Reduce -5.1% |
| KRUS Kura Sushi USA Inc. Class A | 0.93% | 154,830 | $13.3M | Add +7.8% |
| OZK Bank Ozk | 0.93% | 282,940 | $13.3M | Add +8.0% |
| MSA Msa Safety Inc. | 0.90% | 77,300 | $13.0M | Reduce -5.0% |
| SKY Champion Homes Inc. | 0.90% | 206,290 | $12.9M | Reduce -33.5% |
| IRMD Iradimed Corp. | 0.90% | 214,840 | $12.8M | Add +7.4% |
| OII Oceaneering Intl Inc. | 0.89% | 614,225 | $12.7M | Reduce -31.2% |
| JLL Jones Lang Lasalle Inc. | 0.89% | 49,630 | $12.7M | New |
| MGY Magnolia Oil & Gas Corp. Class A | 0.88% | 560,990 | $12.6M | Reduce -44.8% |
| CADE Cadence Bank | 0.83% | 371,955 | $11.9M | Reduce -5.1% |
| MCB Metropolitan Bank Holding Co. | 0.74% | 150,505 | $10.5M | Add +7.4% |
| BLD Topbuild Corp. | 0.70% | 30,832 | $10.0M | Reduce -5.3% |
| BIRK Birkenstock Holding PLC | 0.66% | 192,500 | $9.5M | New |
| UFPT Ufp Technologies Inc. | 0.66% | 38,470 | $9.4M | Add +22.6% |
| PAHC Phibro Animal Health Corp. Class A | 0.64% | 357,970 | $9.1M | Add +101.1% |
| PNTG The Pennant Group Inc. | 0.64% | 304,925 | $9.1M | Add +56.6% |
| VITL Vital Farms Inc. | 0.64% | 236,120 | $9.1M | Add +7.4% |
| KRT Karat Packaging Inc. | 0.63% | 320,556 | $9.0M | Add +105.7% |
| BFST Business First Bancshares | 0.59% | 343,700 | $8.5M | Add +7.4% |
| PLOW Douglas Dynamics Inc. | 0.57% | 278,704 | $8.2M | Add +58.2% |
| NVEC Nve Corp. | 0.57% | 111,500 | $8.2M | Add +7.4% |
| COCO The Vita Coco Co. Inc. | 0.57% | 225,175 | $8.1M | Add +7.3% |
| LMB Limbach Holdings Inc. | 0.53% | 54,630 | $7.7M | Reduce -16.3% |
| SLP Simulations Plus Inc. | 0.47% | 386,185 | $6.7M | Reduce -44.4% |
| BLFS Biolife Solutions Inc. | 0.43% | 288,820 | $6.2M | Reduce -14.3% |
| QNST Quinstreet Inc. | 0.41% | 360,194 | $5.8M | Add +26.4% |
| EPM Evolution Petroleum Corp. | 0.38% | 1,146,350 | $5.4M | Add +7.4% |
| PWP Perella Weinberg Partners | 0.34% | 247,475 | $4.8M | Add +8.4% |
| CVLG Covenant Logistics Group Inc. | 0.31% | 184,575 | $4.5M | New |
| GRBK Green Brick Partners Inc. | 0.26% | 58,215 | $3.7M | Add +7.3% |
| WTTR Select Water Solutions Inc. | 0.23% | 375,525 | $3.2M | Add +7.5% |
| AGX Argan Inc. | 0.21% | 13,370 | $2.9M | New |
| NCMI National Cinemedia Inc. | 0.15% | 455,837 | $2.2M | Reduce -25.2% |
Portfolio Sells Q1 2025 → Q2 2025
| AZEK The Azek Co. Inc. | Sold out | 0.00% | −1.65 |
| SKY Champion Homes Inc. | Reduce -33.5% | 0.90% | −1.20 |
| KWR Quaker Chemical Corporation | Sold out | 0.00% | −1.18 |
| OSW Onespaworld Holdings Ltd. | Reduce -47.5% | 1.89% | −1.14 |
| RPAY Repay Holdings Corp. | Sold out | 0.00% | −1.12 |
| PR Permian Resources Corp. Class A | Reduce -38.7% | 1.39% | −0.97 |
| MGY Magnolia Oil & Gas Corp. Class A | Reduce -44.8% | 0.88% | −0.95 |
| SHOO Steven Madden Ltd. | Sold out | 0.00% | −0.92 |
| SLP Simulations Plus Inc. | Reduce -44.4% | 0.47% | −0.75 |
| CWST Casella Waste Systems Inc. Class A | Reduce -20.4% | 2.41% | −0.59 |
| RGEN Repligen Corp. | Reduce -24.6% | 1.46% | −0.57 |
| MLAB Mesa Laboratories Inc. | Reduce -7.2% | 1.41% | −0.55 |
| HQY Healthequity Inc. | Reduce -31.7% | 2.07% | −0.55 |
| ELF Elf Beauty Inc. | Sold out | 0.00% | −0.52 |
| DV Doubleverify Holdings Inc. | Sold out | 0.00% | −0.51 |
| OII Oceaneering Intl Inc. | Reduce -31.2% | 0.89% | −0.50 |
| SAIA Saia Inc. | Reduce -5.1% | 1.12% | −0.42 |
| SFM Sprouts Farmers Market Inc. | Reduce -22.6% | 1.73% | −0.39 |
| ANIP Ani Pharmaceuticals Inc. | Reduce -6.5% | 2.43% | −0.30 |
| PCTY Paylocity Holding Corp. | Reduce -5.1% | 2.26% | −0.26 |
| MITK Mitek Systems Inc. | Sold out | 0.00% | −0.25 |
| INFU Infusystem Holdings Inc. | Sold out | 0.00% | −0.21 |
| WK Workiva Inc. | Reduce -5.1% | 1.07% | −0.21 |
| LMAT Lemaitre Vascular Inc. | Reduce -1.6% | 2.98% | −0.15 |
| WSC Willscot Holdings Corp. | Reduce -5.2% | 1.54% | −0.15 |
| TFIN Triumph Financial Inc. | Reduce -2.1% | 1.42% | −0.14 |
| HOMB Home Bancshares Inc. | Reduce -5.1% | 1.69% | −0.12 |
| BLFS Biolife Solutions Inc. | Reduce -14.3% | 0.43% | −0.12 |
| SSD Simpson Manufacturing Co. Inc. | Reduce -5.1% | 1.26% | −0.11 |
| EE Excelerate Energy Inc. Class A | Reduce -2.8% | 3.39% | −0.10 |
| NCMI National Cinemedia Inc. | Reduce -25.2% | 0.15% | −0.10 |
| MEDP Medpace Holdings Inc. | Reduce -5.1% | 1.48% | −0.07 |
| CADE Cadence Bank | Reduce -5.1% | 0.83% | −0.02 |
| BLD Topbuild Corp. | Reduce -5.3% | 0.70% | −0.01 |
| MSA Msa Safety Inc. | Reduce -5.0% | 0.90% | +0.05 |
| TXRH Texas Roadhouse Inc. | Reduce -5.2% | 3.73% | +0.15 |
| LMB Limbach Holdings Inc. | Reduce -16.3% | 0.53% | +0.19 |
| GWRE Guidewire Software Inc. | Reduce -5.1% | 2.03% | +0.29 |
| BOOT Boot Barn Holdings Inc. | Reduce -2.7% | 2.01% | +0.52 |
Portfolio Buys Q1 2025 → Q2 2025
| WRBY Warby Parker Inc. Class A | New | 1.55% | +1.55 |
| STVN Stevanato Group SPA | Add +125.6% | 2.25% | +1.40 |
| WING Wingstop Inc. | Add +187.6% | 1.45% | +1.11 |
| PEGA Pegasystems Inc. | Add +75.9% | 4.24% | +1.07 |
| ULS Ul Solutions Inc. Class A | Add +54.6% | 2.16% | +1.05 |
| FSS Federal Signal Corp. | Add +9.2% | 2.86% | +1.01 |
| LGND Ligand Pharmaceuticals | Add +57.8% | 2.38% | +0.95 |
| JLL Jones Lang Lasalle Inc. | New | 0.89% | +0.89 |
| ADMA Adma Biologics Inc. | Add +49.1% | 3.04% | +0.77 |
| BIRK Birkenstock Holding PLC | New | 0.66% | +0.66 |
| LAZ Lazard Inc. | Add +43.5% | 1.69% | +0.60 |
| MNDY Monday.com Ltd. | Add +27.1% | 1.28% | +0.48 |
| KRUS Kura Sushi USA Inc. Class A | Add +7.8% | 0.93% | +0.41 |
| APPF Appfolio Inc. Class A | Add +17.4% | 2.26% | +0.38 |
| PAHC Phibro Animal Health Corp. Class A | Add +101.1% | 0.64% | +0.37 |
| PDFS PDF Solutions Inc. | Add +19.2% | 1.56% | +0.36 |
| JJSF J & J Snack Foods Corp. | Add +52.4% | 1.59% | +0.35 |
| KRT Karat Packaging Inc. | Add +105.7% | 0.63% | +0.33 |
| CVLG Covenant Logistics Group Inc. | New | 0.31% | +0.31 |
| NCNO Ncino Inc. | Add +24.1% | 1.53% | +0.29 |
| PNTG The Pennant Group Inc. | Add +56.6% | 0.64% | +0.29 |
| PLOW Douglas Dynamics Inc. | Add +58.2% | 0.57% | +0.28 |
| AGX Argan Inc. | New | 0.21% | +0.21 |
| UFPT Ufp Technologies Inc. | Add +22.6% | 0.66% | +0.20 |
| IIIV I3 Verticals Inc. Class A | Add +0.3% | 2.20% | +0.18 |
| MCB Metropolitan Bank Holding Co. | Add +7.4% | 0.74% | +0.18 |
| VITL Vital Farms Inc. | Add +7.4% | 0.64% | +0.16 |
| IRMD Iradimed Corp. | Add +7.4% | 0.90% | +0.15 |
| MMSI Merit Medical Systems Inc. | Add +28.0% | 1.37% | +0.13 |
| OZK Bank Ozk | Add +8.0% | 0.93% | +0.12 |
| AAON Aaon Inc. | Add +14.1% | 2.23% | +0.11 |
| COCO The Vita Coco Co. Inc. | Add +7.3% | 0.57% | +0.11 |
| NVEC Nve Corp. | Add +7.4% | 0.57% | +0.10 |
| QNST Quinstreet Inc. | Add +26.4% | 0.41% | +0.04 |
| PWP Perella Weinberg Partners | Add +8.4% | 0.34% | +0.04 |
| BFST Business First Bancshares | Add +7.4% | 0.59% | +0.03 |
| GRBK Green Brick Partners Inc. | Add +7.3% | 0.26% | +0.03 |
| EPM Evolution Petroleum Corp. | Add +7.4% | 0.38% | −0.02 |
| WTTR Select Water Solutions Inc. | Add +7.5% | 0.23% | −0.04 |
| CHE Chemed Corp. | Add +13.3% | 2.02% | −0.29 |
| ARIS WATER SOLUTIONS INC-A | Add +2.4% | 2.18% | −0.77 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 83 | $1.6B | LGND, PDFS, SEI, ULS, STRL |
| Q1 2026 | 79 | $1.4B | LGND, PEGA, PDFS, ULS, SEI |
| Q4 2025 | 79 | $1.5B | PEGA, LGND, ADMA, AGX, EE |
| Q3 2025 | 76 | $1.4B | PEGA, LGND, EE, AAON, ADMA |
| Q2 2025 | 72 | $1.4B | PEGA, TXRH, EE, ADMA, LMAT |
| Q1 2025 | 75 | $1.4B | TXRH, EE, PEGA, LMAT, OSW |
| Q4 2024 | 89 | $1.6B | PEGA, LMAT, TXRH, WK, OSW |
| Q3 2024 | 88 | $1.6B | LMAT, PEGA, TXRH, BOOT, PR |
| Q2 2024 | 94 | $1.5B | LMAT, PR, TXRH, MEDP, SLP |
| Q1 2024 | 93 | $1.6B | PR, LMAT, MEDP, TXRH, BOOT |