Ranger Investment Management, L.P.
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 5, 2025), Ranger Investment Management, L.P. reported 76 stock positions worth $1.4 billion. Its top holding was Pegasystems (PEGA) at 3.9% of the portfolio, followed by Ligand Pharmaceuticals (LGND, 3.4%) and Excelerate Energy Class A (EE, 2.8%). Compared with Q2 2025, it opened 9 new positions, sold out of 5, added to 26 and reduced 41. The biggest buy was Argan (AGX, shares +678%) and the biggest sale Aris Water Solutions Class A (shares −87%).
- Most Recent 13F
- Q2 2026
- Location
- DALLAS, TX
- CIK
- 0001319691
- Portfolio Value
- $1.4B (Q3 2025)
- SEC Filing
- 0001319691-25-000008 ↗ filed Nov 5, 2025
Holdings Value
Holdings 76 stocks · $1.4B
| PEGA Pegasystems Inc. | 3.91% | 975,485 | $56.1M | Reduce -13.0% |
| LGND Ligand Pharmaceuticals | 3.40% | 275,340 | $48.8M | Reduce -8.2% |
| EE Excelerate Energy Inc. Class A | 2.83% | 1,614,100 | $40.7M | Reduce -2.5% |
| AAON Aaon Inc. | 2.75% | 421,615 | $39.4M | Reduce -2.8% |
| ADMA Adma Biologics Inc. | 2.39% | 2,340,730 | $34.3M | Reduce -2.1% |
| LMAT Lemaitre Vascular Inc. | 2.35% | 385,800 | $33.8M | Reduce -24.9% |
| STVN Stevanato Group SPA | 2.30% | 1,282,175 | $33.0M | Reduce -2.9% |
| CWST Casella Waste Systems Inc. Class A | 2.29% | 346,020 | $32.8M | Add +15.5% |
| APPF Appfolio Inc. Class A | 2.20% | 114,595 | $31.6M | Reduce -18.5% |
| NCNO Ncino Inc. | 2.19% | 1,157,751 | $31.4M | Add +48.2% |
| IIIV I3 Verticals Inc. Class A | 2.16% | 956,195 | $31.0M | Reduce -16.6% |
| LAZ Lazard Inc. | 2.15% | 584,890 | $30.9M | Add +15.7% |
| BOOT Boot Barn Holdings Inc. | 2.13% | 184,345 | $30.5M | Reduce -2.5% |
| ULS Ul Solutions Inc. Class A | 2.04% | 413,075 | $29.3M | Reduce -2.8% |
| TXRH Texas Roadhouse Inc. | 2.00% | 172,315 | $28.6M | Reduce -39.6% |
| AGX Argan Inc. | 1.96% | 104,055 | $28.1M | Add +678.3% |
| PCTY Paylocity Holding Corp. | 1.93% | 173,545 | $27.6M | Reduce -3.0% |
| GWRE Guidewire Software Inc. | 1.92% | 119,950 | $27.6M | Reduce -3.1% |
| OSW Onespaworld Holdings Ltd. | 1.91% | 1,298,840 | $27.5M | Reduce -2.1% |
| WRBY Warby Parker Inc. Class A | 1.90% | 990,450 | $27.3M | Reduce -2.1% |
| PDFS PDF Solutions Inc. | 1.90% | 1,057,210 | $27.3M | Add +1.1% |
| WK Workiva Inc. | 1.87% | 312,045 | $26.9M | Add +39.5% |
| HQY Healthequity Inc. | 1.81% | 274,130 | $26.0M | Reduce -3.0% |
| MEDP Medpace Holdings Inc. | 1.75% | 48,875 | $25.1M | Reduce -27.9% |
| BLD Topbuild Corp. | 1.74% | 64,030 | $25.0M | Add +107.7% |
| ANIP Ani Pharmaceuticals Inc. | 1.73% | 271,345 | $24.9M | Reduce -49.2% |
| SAIA Saia Inc. | 1.69% | 81,070 | $24.3M | Add +38.1% |
| FSS Federal Signal Corp. | 1.61% | 194,245 | $23.1M | Reduce -49.6% |
| JLL Jones Lang Lasalle Inc. | 1.58% | 75,950 | $22.7M | Add +53.0% |
| RGEN Repligen Corp. | 1.52% | 162,965 | $21.8M | Reduce -3.0% |
| WING Wingstop Inc. | 1.45% | 82,755 | $20.8M | Add +33.9% |
| CELH Celsius Holdings Inc. | 1.45% | 361,440 | $20.8M | New |
| KRMN Karman Holdings Inc. | 1.33% | 265,160 | $19.1M | New |
| SSD Simpson Manufacturing Co. Inc. | 1.32% | 112,720 | $18.9M | Reduce -3.1% |
| PR Permian Resources Corp. Class A | 1.26% | 1,417,015 | $18.1M | Reduce -2.8% |
| TFIN Triumph Financial Inc. | 1.25% | 359,709 | $18.0M | Reduce -2.2% |
| CHE Chemed Corp. | 1.25% | 40,005 | $17.9M | Reduce -32.8% |
| SEI Solaris Energy Infrastructur | 1.19% | 426,140 | $17.0M | New |
| MMSI Merit Medical Systems Inc. | 1.19% | 204,220 | $17.0M | Reduce -2.9% |
| CCB Coastal Financial Corp. | 1.18% | 156,185 | $16.9M | New |
| WSC Willscot Holdings Corp. | 1.15% | 780,599 | $16.5M | Reduce -3.3% |
| SKY Champion Homes Inc. | 1.07% | 200,655 | $15.3M | Reduce -2.7% |
| OII Oceaneering Intl Inc. | 1.03% | 595,970 | $14.8M | Reduce -3.0% |
| MTSI Macom Technology Solutions H | 1.02% | 117,840 | $14.7M | New |
| BIRK Birkenstock Holding PLC | 1.01% | 320,345 | $14.5M | Add +66.4% |
| MLAB Mesa Laboratories Inc. | 0.98% | 209,700 | $14.1M | Reduce -2.1% |
| OZK Bank Ozk | 0.98% | 274,535 | $14.0M | Reduce -3.0% |
| CADE Cadence Bank | 0.94% | 360,060 | $13.5M | Reduce -3.2% |
| MSA Msa Safety Inc. | 0.90% | 74,955 | $12.9M | Reduce -3.0% |
| PAHC Phibro Animal Health Corp. Class A | 0.85% | 299,910 | $12.1M | Reduce -16.2% |
| LTH Life Time Group Holdings Inc. | 0.83% | 432,080 | $11.9M | New |
| MCB Metropolitan Bank Holding Co. | 0.79% | 151,470 | $11.3M | Add +0.6% |
| MNDY Monday.com Ltd. | 0.76% | 56,355 | $10.9M | Reduce -3.0% |
| VITL Vital Farms Inc. | 0.68% | 237,700 | $9.8M | Add +0.7% |
| WBI Waterbridge Infrastruc Class A | 0.66% | 377,845 | $9.5M | New |
| KRUS Kura Sushi USA Inc. Class A | 0.64% | 155,170 | $9.2M | Add +0.2% |
| PLOW Douglas Dynamics Inc. | 0.61% | 280,469 | $8.8M | Add +0.6% |
| GRBK Green Brick Partners Inc. | 0.60% | 117,030 | $8.6M | Add +101.0% |
| IRMD Iradimed Corp. | 0.59% | 119,620 | $8.5M | Reduce -44.3% |
| NVEC Nve Corp. | 0.59% | 129,345 | $8.4M | Add +16.0% |
| PWP Perella Weinberg Partners | 0.59% | 395,785 | $8.4M | Add +59.9% |
| BFST Business First Bancshares | 0.57% | 345,855 | $8.2M | Add +0.6% |
| KRT Karat Packaging Inc. | 0.57% | 322,536 | $8.1M | Add +0.6% |
| PNTG The Pennant Group Inc. | 0.54% | 307,095 | $7.7M | Add +0.7% |
| UFPT Ufp Technologies Inc. | 0.54% | 38,670 | $7.7M | Add +0.5% |
| BLFS Biolife Solutions Inc. | 0.52% | 289,925 | $7.4M | Add +0.4% |
| COCO The Vita Coco Co. Inc. | 0.45% | 153,225 | $6.5M | Reduce -31.9% |
| QNST Quinstreet Inc. | 0.39% | 362,539 | $5.6M | Add +0.7% |
| SFM Sprouts Farmers Market Inc. | 0.39% | 51,355 | $5.6M | Reduce -65.8% |
| WTTR Select Water Solutions Inc. | 0.34% | 454,290 | $4.9M | Add +21.0% |
| EPM Evolution Petroleum Corp. | 0.32% | 943,820 | $4.5M | Reduce -17.7% |
| LMB Limbach Holdings Inc. | 0.32% | 46,802 | $4.5M | Reduce -14.3% |
| ARIS WATER SOLUTIONS INC-A | 0.29% | 168,903 | $4.2M | Reduce -87.2% |
| CVLG Covenant Logistics Group Inc. | 0.28% | 185,895 | $4.0M | Add +0.7% |
| MGRC McGrath Rentcorp | 0.21% | 25,320 | $3.0M | New |
| PL Planet Labs PBC | 0.19% | 207,060 | $2.7M | New |
Portfolio Sells Q2 2025 → Q3 2025
| ARIS WATER SOLUTIONS INC-A | Reduce -87.2% | 0.29% | −1.89 |
| TXRH Texas Roadhouse Inc. | Reduce -39.6% | 2.00% | −1.74 |
| HOMB Home Bancshares Inc. | Sold out | 0.00% | −1.69 |
| JJSF J & J Snack Foods Corp. | Sold out | 0.00% | −1.59 |
| SFM Sprouts Farmers Market Inc. | Reduce -65.8% | 0.39% | −1.34 |
| FSS Federal Signal Corp. | Reduce -49.6% | 1.61% | −1.25 |
| MGY Magnolia Oil & Gas Corp. Class A | Sold out | 0.00% | −0.88 |
| CHE Chemed Corp. | Reduce -32.8% | 1.25% | −0.77 |
| ANIP Ani Pharmaceuticals Inc. | Reduce -49.2% | 1.73% | −0.70 |
| ADMA Adma Biologics Inc. | Reduce -2.1% | 2.39% | −0.65 |
| LMAT Lemaitre Vascular Inc. | Reduce -24.9% | 2.35% | −0.63 |
| EE Excelerate Energy Inc. Class A | Reduce -2.5% | 2.83% | −0.56 |
| MNDY Monday.com Ltd. | Reduce -3.0% | 0.76% | −0.51 |
| SLP Simulations Plus Inc. | Sold out | 0.00% | −0.47 |
| MLAB Mesa Laboratories Inc. | Reduce -2.1% | 0.98% | −0.43 |
| WSC Willscot Holdings Corp. | Reduce -3.3% | 1.15% | −0.40 |
| PCTY Paylocity Holding Corp. | Reduce -3.0% | 1.93% | −0.34 |
| PEGA Pegasystems Inc. | Reduce -13.0% | 3.91% | −0.33 |
| IRMD Iradimed Corp. | Reduce -44.3% | 0.59% | −0.30 |
| HQY Healthequity Inc. | Reduce -3.0% | 1.81% | −0.26 |
| LMB Limbach Holdings Inc. | Reduce -14.3% | 0.32% | −0.22 |
| MMSI Merit Medical Systems Inc. | Reduce -2.9% | 1.19% | −0.19 |
| TFIN Triumph Financial Inc. | Reduce -2.2% | 1.25% | −0.16 |
| NCMI National Cinemedia Inc. | Sold out | 0.00% | −0.15 |
| PR Permian Resources Corp. Class A | Reduce -2.8% | 1.26% | −0.12 |
| ULS Ul Solutions Inc. Class A | Reduce -2.8% | 2.04% | −0.12 |
| COCO The Vita Coco Co. Inc. | Reduce -31.9% | 0.45% | −0.11 |
| GWRE Guidewire Software Inc. | Reduce -3.1% | 1.92% | −0.11 |
| APPF Appfolio Inc. Class A | Reduce -18.5% | 2.20% | −0.06 |
| EPM Evolution Petroleum Corp. | Reduce -17.7% | 0.32% | −0.06 |
| IIIV I3 Verticals Inc. Class A | Reduce -16.6% | 2.16% | −0.04 |
| MSA Msa Safety Inc. | Reduce -3.0% | 0.90% | −0.01 |
| OSW Onespaworld Holdings Ltd. | Reduce -2.1% | 1.91% | +0.02 |
| OZK Bank Ozk | Reduce -3.0% | 0.98% | +0.05 |
| STVN Stevanato Group SPA | Reduce -2.9% | 2.30% | +0.05 |
| SSD Simpson Manufacturing Co. Inc. | Reduce -3.1% | 1.32% | +0.05 |
| RGEN Repligen Corp. | Reduce -3.0% | 1.52% | +0.06 |
| CADE Cadence Bank | Reduce -3.2% | 0.94% | +0.11 |
| BOOT Boot Barn Holdings Inc. | Reduce -2.5% | 2.13% | +0.12 |
| OII Oceaneering Intl Inc. | Reduce -3.0% | 1.03% | +0.14 |
| SKY Champion Homes Inc. | Reduce -2.7% | 1.07% | +0.17 |
| PAHC Phibro Animal Health Corp. Class A | Reduce -16.2% | 0.85% | +0.21 |
| MEDP Medpace Holdings Inc. | Reduce -27.9% | 1.75% | +0.27 |
| WRBY Warby Parker Inc. Class A | Reduce -2.1% | 1.90% | +0.35 |
| AAON Aaon Inc. | Reduce -2.8% | 2.75% | +0.51 |
| LGND Ligand Pharmaceuticals | Reduce -8.2% | 3.40% | +1.02 |
Portfolio Buys Q2 2025 → Q3 2025
| AGX Argan Inc. | Add +678.3% | 1.96% | +1.75 |
| CELH Celsius Holdings Inc. | New | 1.45% | +1.45 |
| KRMN Karman Holdings Inc. | New | 1.33% | +1.33 |
| SEI Solaris Energy Infrastructur | New | 1.19% | +1.19 |
| CCB Coastal Financial Corp. | New | 1.18% | +1.18 |
| BLD Topbuild Corp. | Add +107.7% | 1.74% | +1.05 |
| MTSI Macom Technology Solutions H | New | 1.02% | +1.02 |
| LTH Life Time Group Holdings Inc. | New | 0.83% | +0.83 |
| WK Workiva Inc. | Add +39.5% | 1.87% | +0.80 |
| JLL Jones Lang Lasalle Inc. | Add +53.0% | 1.58% | +0.69 |
| WBI Waterbridge Infrastruc Class A | New | 0.66% | +0.66 |
| NCNO Ncino Inc. | Add +48.2% | 2.19% | +0.66 |
| SAIA Saia Inc. | Add +38.1% | 1.69% | +0.57 |
| LAZ Lazard Inc. | Add +15.7% | 2.15% | +0.46 |
| BIRK Birkenstock Holding PLC | Add +66.4% | 1.01% | +0.35 |
| GRBK Green Brick Partners Inc. | Add +101.0% | 0.60% | +0.35 |
| PDFS PDF Solutions Inc. | Add +1.1% | 1.90% | +0.34 |
| PWP Perella Weinberg Partners | Add +59.9% | 0.59% | +0.25 |
| MGRC McGrath Rentcorp | New | 0.21% | +0.21 |
| PL Planet Labs PBC | New | 0.19% | +0.19 |
| WTTR Select Water Solutions Inc. | Add +21.0% | 0.34% | +0.11 |
| BLFS Biolife Solutions Inc. | Add +0.4% | 0.52% | +0.08 |
| MCB Metropolitan Bank Holding Co. | Add +0.6% | 0.79% | +0.05 |
| VITL Vital Farms Inc. | Add +0.7% | 0.68% | +0.05 |
| PLOW Douglas Dynamics Inc. | Add +0.6% | 0.61% | +0.04 |
| NVEC Nve Corp. | Add +16.0% | 0.59% | +0.02 |
| WING Wingstop Inc. | Add +33.9% | 1.45% | −0.00 |
| QNST Quinstreet Inc. | Add +0.7% | 0.39% | −0.01 |
| BFST Business First Bancshares | Add +0.6% | 0.57% | −0.02 |
| CVLG Covenant Logistics Group Inc. | Add +0.7% | 0.28% | −0.03 |
| KRT Karat Packaging Inc. | Add +0.6% | 0.57% | −0.06 |
| PNTG The Pennant Group Inc. | Add +0.7% | 0.54% | −0.10 |
| UFPT Ufp Technologies Inc. | Add +0.5% | 0.54% | −0.12 |
| CWST Casella Waste Systems Inc. Class A | Add +15.5% | 2.29% | −0.12 |
| KRUS Kura Sushi USA Inc. Class A | Add +0.2% | 0.64% | −0.29 |
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 |