SG Capital Management LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), SG Capital Management LLC reported 51 stock positions worth $994.6 million. Its top holding was Celestica (CLS) at 6.8% of the portfolio, followed by Wiley (john) & Sons Class A (WLY, 6.3%) and Covista (CVSA, 5.5%). Compared with Q4 2024, it opened 19 new positions, sold out of 20, added to 13 and reduced 19. The biggest buy was a new position in Fabrinet (FN) and the biggest sale an exit from Bruker (BRKR).
- Most Recent 13F
- Q2 2026
- Location
- CHICAGO, IL
- CIK
- 0001510099
- Portfolio Value
- $994.6M (Q1 2025)
- SEC Filing
- 0001172661-25-001985 ↗ filed May 15, 2025
Holdings Value
Holdings 51 stocks · $994.6M
| CLS Celestica Inc. | 6.78% | 856,227 | $67.5M | Add +63.6% |
| WLY Wiley (john) & Sons Class A | 6.26% | 1,397,338 | $62.3M | Add +47.5% |
| CVSA Covista Inc. filed as ADTALEM GLOBAL ED INC | 5.46% | 539,992 | $54.3M | Reduce -25.4% |
| FN Fabrinet | 5.25% | 264,625 | $52.3M | New |
| WNS WNS Holdings Ltd. filed as WNS HLDGS LTD | 5.11% | 826,706 | $50.8M | Reduce -45.5% |
| MSM MSC Industrial Direct Co. Class A | 4.95% | 633,586 | $49.2M | New |
| MTZ Mastec Inc. | 4.73% | 403,017 | $47.0M | Add +102.3% |
| HAE Haemonetics Corp. | 4.60% | 719,432 | $45.7M | Reduce -18.1% |
| MLI Mueller Industries Inc. | 4.50% | 588,373 | $44.8M | Add +34.5% |
| OSIS Osi Systems Inc. | 4.42% | 225,986 | $43.9M | New |
| DY Dycom Industries Inc. | 4.25% | 277,391 | $42.3M | New |
| MWA Mueller Water Products Inc. Class A | 3.10% | 1,211,295 | $30.8M | Add +300.8% |
| SKY Champion Homes Inc. | 2.93% | 308,055 | $29.2M | Reduce -9.5% |
| CWST Casella Waste Systems Inc. Class A | 2.57% | 229,322 | $25.6M | Reduce -9.8% |
| CWH Camping World Holdings Inc. Class A | 2.44% | 1,504,663 | $24.3M | Add +60.7% |
| AWI Armstrong World Industries | 2.25% | 158,626 | $22.3M | New |
| GLW Corning Inc. | 1.89% | 411,064 | $18.8M | Reduce -9.8% |
| ALG Alamo Group Inc. | 1.81% | 100,979 | $18.0M | Add +10.6% |
| HNI Hni Corp. | 1.79% | 402,123 | $17.8M | Add +704.3% |
| MNRO Monro Inc. | 1.78% | 1,221,282 | $17.7M | New |
| APG Api Group Corp. | 1.71% | 474,535 | $17.0M | New |
| CVCO Cavco Industries Inc. | 1.65% | 31,667 | $16.5M | Reduce -32.2% |
| CCOI Cogent Communications Holdin | 1.58% | 255,616 | $15.7M | Add +26.6% |
| LPX Louisiana-Pacific Corp. | 1.48% | 160,125 | $14.7M | New |
| CVLT Commvault Systems Inc. | 1.43% | 89,850 | $14.2M | New |
| SIMO Silicon Motion Technol-ADR | 1.38% | 270,656 | $13.7M | Reduce -2.5% |
| CACI Caci International Inc. Class A | 1.28% | 34,808 | $12.8M | New |
| CALX Calix Inc. | 1.22% | 341,740 | $12.1M | Reduce -40.3% |
| LITE Lumentum Holdings Inc. | 1.02% | 163,322 | $10.2M | Add +89.9% |
| SBH Sally Beauty Holdings Inc. | 1.01% | 1,116,672 | $10.1M | Add +81.5% |
| QGEN Qiagen N.V. | 1.00% | 248,608 | $10.0M | New |
| HEI Heico Corp. | 0.85% | 31,624 | $8.4M | Reduce -5.9% |
| REVG Rev Group Inc. | 0.79% | 249,807 | $7.9M | Reduce -3.0% |
| CARS Cars.com Inc. | 0.69% | 612,580 | $6.9M | Reduce -2.7% |
| CBZ Cbiz Inc. | 0.69% | 90,314 | $6.9M | Reduce -64.0% |
| FCFS Firstcash Holdings Inc. | 0.62% | 51,653 | $6.2M | New |
| GENI Genius Sports Ltd. | 0.58% | 575,379 | $5.8M | New |
| MOG.A Moog Inc. Class A | 0.57% | 32,459 | $5.6M | Reduce -52.6% |
| CRMT America's Car-Mart Inc. | 0.56% | 123,785 | $5.6M | Reduce -3.9% |
| PATK Patrick Industries Inc. | 0.47% | 55,640 | $4.7M | Reduce -66.0% |
| SCS Steelcase Inc. Class A | 0.44% | 401,092 | $4.4M | New |
| KMX Carmax Inc. | 0.43% | 54,565 | $4.3M | New |
| KRE SS SPDR S&P Regional Bank | 0.42% | 73,408 | $4.2M | Add +1.2% |
| GATX Gatx Corp. | 0.37% | 23,785 | $3.7M | New |
| AMBA Ambarella Inc. | 0.29% | 56,355 | $2.8M | Reduce -45.0% |
| FLS Flowserve Corp. | 0.25% | 51,223 | $2.5M | Add +6.9% |
| MAMA Mama's Creations Inc. | 0.12% | 182,559 | $1.2M | New |
| IWM iShares Russell 2000 ETF | 0.07% | 3,741 | $746K | New |
| EYE National Vision Holdings Inc. | 0.07% | 56,182 | $718K | Reduce -95.0% |
| RYM Rythm Inc. filed as AGRIFY CORP | 0.04% | 19,869 | $349K | Reduce -16.8% |
| LINC Lincoln Educational Services | 0.03% | 17,146 | $272K | New |
Options reported separately and not counted above: MSM puts ($43.1M), HAE puts ($15.8M), WNS puts ($15.3M), MTZ puts ($11.5M), CALX puts ($7.0M).
Portfolio Sells Q4 2024 → Q1 2025
| BRKR Bruker Corp. | Sold out | 0.00% | −8.89 |
| TER Teradyne Inc. | Sold out | 0.00% | −3.88 |
| MMS Maximus Inc. | Sold out | 0.00% | −3.33 |
| HAE Haemonetics Corp. | Reduce -18.1% | 4.60% | −2.95 |
| WNS WNS Holdings Ltd. | Reduce -45.5% | 5.11% | −2.80 |
| KEYS Keysight Technologies Inc. | Sold out | 0.00% | −2.15 |
| ATI Ati Inc. | Sold out | 0.00% | −2.03 |
| CVSA Covista Inc. | Reduce -25.4% | 5.46% | −1.77 |
| CBZ Cbiz Inc. | Reduce -64.0% | 0.69% | −1.57 |
| EYE National Vision Holdings Inc. | Reduce -95.0% | 0.07% | −1.23 |
| FLEX Flex Ltd. | Sold out | 0.00% | −1.03 |
| PATK Patrick Industries Inc. | Reduce -66.0% | 0.47% | −1.02 |
| CALX Calix Inc. | Reduce -40.3% | 1.22% | −0.98 |
| MOG.A Moog Inc. Class A | Reduce -52.6% | 0.57% | −0.92 |
| S Sentinelone Inc. Class A | Sold out | 0.00% | −0.77 |
| OLLI Ollie's Bargain Outlet Holdi | Sold out | 0.00% | −0.75 |
| CVCO Cavco Industries Inc. | Reduce -32.2% | 1.65% | −0.64 |
| AMBA Ambarella Inc. | Reduce -45.0% | 0.29% | −0.53 |
| CARS Cars.com Inc. | Reduce -2.7% | 0.69% | −0.51 |
| FTAI Ftai Aviation Ltd. | Sold out | 0.00% | −0.50 |
| GLW Corning Inc. | Reduce -9.8% | 1.89% | −0.49 |
| ONTO Onto Innovation Inc. | Sold out | 0.00% | −0.43 |
| NX Quanex Building Products | Sold out | 0.00% | −0.40 |
| CWST Casella Waste Systems Inc. Class A | Reduce -9.8% | 2.57% | −0.39 |
| SKY Champion Homes Inc. | Reduce -9.5% | 2.93% | −0.37 |
| CLF Cleveland-Cliffs Inc. | Sold out | 0.00% | −0.35 |
| SIMO Silicon Motion Technol-ADR | Reduce -2.5% | 1.38% | −0.27 |
| PRO Pros Holdings Inc. | Sold out | 0.00% | −0.24 |
| CDNS Cadence Design SYS Inc. | Sold out | 0.00% | −0.23 |
| PRLB Proto Labs Inc. | Sold out | 0.00% | −0.21 |
| PDS Precision Drilling Corp. | Sold out | 0.00% | −0.20 |
| CRMT America's Car-Mart Inc. | Reduce -3.9% | 0.56% | −0.16 |
| REVG Rev Group Inc. | Reduce -3.0% | 0.79% | −0.11 |
| LMB Limbach Holdings Inc. | Sold out | 0.00% | −0.11 |
| GDEN Golden Entertainment Inc. | Sold out | 0.00% | −0.07 |
| CVGW Calavo Growers Inc. | Sold out | 0.00% | −0.07 |
| RYM Rythm Inc. | Reduce -16.8% | 0.04% | −0.04 |
| HEI Heico Corp. | Reduce -5.9% | 0.85% | −0.03 |
| BSET Bassett Furniture Inds | Sold out | 0.00% | −0.02 |
Portfolio Buys Q4 2024 → Q1 2025
| FN Fabrinet | New | 5.25% | +5.25 |
| MSM MSC Industrial Direct Co. Class A | New | 4.95% | +4.95 |
| OSIS Osi Systems Inc. | New | 4.42% | +4.42 |
| DY Dycom Industries Inc. | New | 4.25% | +4.25 |
| MWA Mueller Water Products Inc. Class A | Add +300.8% | 3.10% | +2.35 |
| AWI Armstrong World Industries | New | 2.25% | +2.25 |
| MNRO Monro Inc. | New | 1.78% | +1.78 |
| MTZ Mastec Inc. | Add +102.3% | 4.73% | +1.75 |
| APG Api Group Corp. | New | 1.71% | +1.71 |
| WLY Wiley (john) & Sons Class A | Add +47.5% | 6.26% | +1.71 |
| HNI Hni Corp. | Add +704.3% | 1.79% | +1.52 |
| LPX Louisiana-Pacific Corp. | New | 1.48% | +1.48 |
| CLS Celestica Inc. | Add +63.6% | 6.78% | +1.47 |
| CVLT Commvault Systems Inc. | New | 1.43% | +1.43 |
| CACI Caci International Inc. Class A | New | 1.28% | +1.28 |
| QGEN Qiagen N.V. | New | 1.00% | +1.00 |
| MLI Mueller Industries Inc. | Add +34.5% | 4.50% | +0.69 |
| FCFS Firstcash Holdings Inc. | New | 0.62% | +0.62 |
| GENI Genius Sports Ltd. | New | 0.58% | +0.58 |
| SCS Steelcase Inc. Class A | New | 0.44% | +0.44 |
| KMX Carmax Inc. | New | 0.43% | +0.43 |
| GATX Gatx Corp. | New | 0.37% | +0.37 |
| SBH Sally Beauty Holdings Inc. | Add +81.5% | 1.01% | +0.31 |
| CWH Camping World Holdings Inc. Class A | Add +60.7% | 2.44% | +0.27 |
| LITE Lumentum Holdings Inc. | Add +89.9% | 1.02% | +0.23 |
| MAMA Mama's Creations Inc. | New | 0.12% | +0.12 |
| IWM iShares Russell 2000 ETF | New | 0.07% | +0.07 |
| LINC Lincoln Educational Services | New | 0.03% | +0.03 |
| FLS Flowserve Corp. | Add +6.9% | 0.25% | −0.05 |
| ALG Alamo Group Inc. | Add +10.6% | 1.81% | −0.06 |
| KRE SS SPDR S&P Regional Bank | Add +1.2% | 0.42% | −0.06 |
| CCOI Cogent Communications Holdin | Add +26.6% | 1.58% | −0.14 |
Options Activity Q4 2024 → Q1 2025
| BRKR Bruker Corp. | put | Sold out | 1,008,800 | $59.1Mbefore exit |
| MSM MSC Industrial Direct Co. Class A | put | New | 554,500 | $43.1M |
| HAE Haemonetics Corp. | put | Add +56.3% | 248,200 | $15.8M |
| WNS WNS Holdings Ltd. | put | Reduce -50.4% | 248,100 | $15.3M |
| WLY Wiley (john) & Sons Class A | put | Sold out | 300,000 | $13.1Mbefore exit |
| MTZ Mastec Inc. | put | New | 98,500 | $11.5M |
| CALX Calix Inc. | put | Reduce -60.2% | 198,500 | $7.0M |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 76 | $1.1B | ZBRA, ESAB, SLGN, GXO, VSEC |
| Q1 2026 | 79 | $1.2B | TECH, WSO, ONTO, WEX, JBL |
| Q4 2025 | 59 | $913.6M | CLS, TECH, CSGP, MSM, MCHP |
| Q3 2025 | 50 | $998.2M | WLY, MIDD, TTMI, WMS, LRN |
| Q2 2025 | 64 | $1.2B | ZBRA, CSGP, HAE, WNS, OSK |
| Q1 2025 | 51 | $994.6M | CLS, WLY, CVSA, FN, WNS |
| Q4 2024 | 52 | $909.1M | BRKR, WNS, HAE, CVSA, CLS |
| Q3 2024Amended | 54 | $691.1M | CVSA, CLS, HAE, MTZ, AVTR |
| Q2 2024Amended | 63 | $591.2M | GBX, CVSA, PNR, CLS, AMBA |
| Q1 2024Amended | 48 | $304.9M | CLS, SXT, MTZ, ABM, CVSA |