SG Capital Management LLC In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 8, 2025), SG Capital Management LLC reported 64 stock positions worth $1.2 billion . Its top holding was Zebra Technologies Class A (ZBRA) at 7.1% of the portfolio, followed by Costar (CSGP, 6.4% ) and Haemonetics (HAE, 5.8% ). Compared with Q1 2025, it opened 35 new positions, sold out of 22, added to 10 and reduced 19. The biggest buy was a new position in Zebra Technologies Class A (ZBRA) and the biggest sale an exit from Mueller Industries (MLI).
Location CHICAGO, IL
CIK 0001510099
Portfolio Value $1.2B (Q2 2025) Holdings 64 stocks · $1.2B Holdings quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q1 2025 ZBRA Zebra Technologies Corp. Class A 269,070 $83.0M New CSGP Costar Group Inc. 940,155 $75.6M New HAE Haemonetics Corp. 906,892 $67.7M Add +26.1% WNS WNS Holdings Ltd. filed as WNS HLDGS LTD 1,003,353 $63.5M Add +21.4% OSK Oshkosh Corp. 557,006 $63.2M New GLW Corning Inc. 1,182,462 $62.2M Add +187.7% WLY Wiley (john) & Sons Class A 1,111,930 $49.6M Reduce -20.4% DV Doubleverify Holdings Inc. 2,247,262 $33.6M New CIEN Ciena Corp. 404,735 $32.9M New CLS Celestica Inc. 200,629 $31.3M Reduce -76.6% ABM Abm Industries Inc. 615,636 $29.1M New DXCM Dexcom Inc. 304,536 $26.6M New ESI Element Solutions Inc. 1,159,243 $26.3M New DY Dycom Industries Inc. 106,521 $26.0M Reduce -61.6% ST Sensata Technologies Holdplc 792,977 $23.9M New PSN Parsons Corp. 323,421 $23.2M New OPLN Openlane Inc. 884,378 $21.6M New CLH Clean Harbors Inc. 89,771 $20.8M New MTX Minerals Technologies Inc. 370,145 $20.4M New MSM MSC Industrial Direct Co. Class A 237,329 $20.2M Reduce -62.5% FN Fabrinet 67,267 $19.8M Reduce -74.6% BDC Belden Inc. 163,138 $18.9M New AVT Avnet Inc. 319,152 $16.9M New AZZ Azz Inc. 178,004 $16.8M New VECO Veeco Instruments Inc. 808,114 $16.4M New CVSA Covista Inc. filed as ADTALEM GLOBAL ED INC 123,676 $15.7M Reduce -77.1% CCOI Cogent Communications Holdin 313,250 $15.1M Add +22.6% HURN Huron Consulting Group Inc. 108,041 $14.9M New OLLI Ollie's Bargain Outlet Holdi 103,828 $13.7M New AMBA Ambarella Inc. 189,221 $12.5M Add +235.8% FCFS Firstcash Holdings Inc. 91,549 $12.4M Add +77.2% OSIS Osi Systems Inc. 53,943 $12.1M Reduce -76.1% PRIM Primoris Services Corp. 154,727 $12.1M New CRMT America's Car-Mart Inc. 212,339 $11.9M Add +71.5% VRNT Verint Systems Inc. 460,774 $9.1M New MCHP Microchip Technology Inc. 127,000 $8.9M New BCO The Brink's Co. 99,028 $8.8M New SIMO Silicon Motion Technol-ADR 113,851 $8.6M Reduce -57.9% MTZ Mastec Inc. 50,012 $8.5M Reduce -87.6% SON Sonoco Products Co. 187,881 $8.2M New ETD Ethan Allen Interiors Inc. 290,380 $8.1M New ADTN Adtran Holdings Inc. 847,417 $7.6M New MNRO Monro Inc. 486,042 $7.2M Reduce -60.2% KRE SS SPDR S&P Regional Bank 120,667 $7.2M Add +64.4% SKY Champion Homes Inc. 113,293 $7.1M Reduce -63.2% HNI Hni Corp. 137,294 $6.8M Reduce -65.9% CALX Calix Inc. 120,463 $6.4M Reduce -64.8% PRDO Perdoceo Education Corp. 192,161 $6.3M New CDNA Caredx Inc. 315,795 $6.2M New LRN Stride Inc. 40,355 $5.9M New LITE Lumentum Holdings Inc. 48,618 $4.6M Reduce -70.2% NSSC Napco Security Technologies 154,726 $4.6M New BLKB Blackbaud Inc. 68,227 $4.4M New GATX Gatx Corp. 27,711 $4.3M Add +16.5% LINC Lincoln Educational Services 170,556 $3.9M Add +894.7% TPB Turning Point Brands Inc. 43,570 $3.3M New REVG Rev Group Inc. 67,956 $3.2M Reduce -72.8% HEI Heico Corp. 9,782 $3.2M Reduce -69.1% PWR Quanta Services Inc. 8,466 $3.2M New ALG Alamo Group Inc. 14,299 $3.1M Reduce -85.8% GENI Genius Sports Ltd. 294,817 $3.1M Reduce -48.8% SNBRQ Sleep Number Corp. 317,560 $2.1M New BELFB Bel Fuse Inc. Class B 21,229 $2.1M New MAMA Mama's Creations Inc. 44,729 $371K Reduce -75.5%
Options reported separately and not counted above: OSK puts ($79.5M), ZBRA puts ($61.7M), WNS puts ($31.6M), GLW puts ($26.3M), MTX puts ($19.3M), DXCM puts ($17.5M), MSM puts ($17.0M), WLY puts ($11.2M), CCOI puts ($7.2M).
Portfolio Sells Q1 2025 → Q2 2025 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q1 2025 % Of Portfolio Change To Portfolio ▲ MLI Mueller Industries Inc. Sold out 0.00% −4.50 CVSA Covista Inc. Reduce -77.1% 1.34% −4.13 CLS Celestica Inc. Reduce -76.6% 2.66% −4.12 MTZ Mastec Inc. Reduce -87.6% 0.72% −4.00 FN Fabrinet Reduce -74.6% 1.69% −3.57 OSIS Osi Systems Inc. Reduce -76.1% 1.03% −3.38 MSM MSC Industrial Direct Co. Class A Reduce -62.5% 1.72% −3.23 MWA Mueller Water Products Inc. Class A Sold out 0.00% −3.10 CWST Casella Waste Systems Inc. Class A Sold out 0.00% −2.57 CWH Camping World Holdings Inc. Class A Sold out 0.00% −2.44 SKY Champion Homes Inc. Reduce -63.2% 0.60% −2.33 AWI Armstrong World Industries Sold out 0.00% −2.25 WLY Wiley (john) & Sons Class A Reduce -20.4% 4.22% −2.04 DY Dycom Industries Inc. Reduce -61.6% 2.21% −2.04 APG Api Group Corp. Sold out 0.00% −1.71 CVCO Cavco Industries Inc. Sold out 0.00% −1.65 ALG Alamo Group Inc. Reduce -85.8% 0.27% −1.54 LPX Louisiana-Pacific Corp. Sold out 0.00% −1.48 CVLT Commvault Systems Inc. Sold out 0.00% −1.43 CACI Caci International Inc. Class A Sold out 0.00% −1.28 HNI Hni Corp. Reduce -65.9% 0.57% −1.22 MNRO Monro Inc. Reduce -60.2% 0.62% −1.16 SBH Sally Beauty Holdings Inc. Sold out 0.00% −1.01 QGEN Qiagen N.V. Sold out 0.00% −1.00 CARS Cars.com Inc. Sold out 0.00% −0.69 CBZ Cbiz Inc. Sold out 0.00% −0.69 CALX Calix Inc. Reduce -64.8% 0.54% −0.67 SIMO Silicon Motion Technol-ADR Reduce -57.9% 0.73% −0.65 LITE Lumentum Holdings Inc. Reduce -70.2% 0.39% −0.63 HEI Heico Corp. Reduce -69.1% 0.27% −0.58 MOG.A Moog Inc. Class A Sold out 0.00% −0.57 REVG Rev Group Inc. Reduce -72.8% 0.28% −0.52 PATK Patrick Industries Inc. Sold out 0.00% −0.47 SCS Steelcase Inc. Class A Sold out 0.00% −0.44 KMX Carmax Inc. Sold out 0.00% −0.43 GENI Genius Sports Ltd. Reduce -48.8% 0.26% −0.32 FLS Flowserve Corp. Sold out 0.00% −0.25 MAMA Mama's Creations Inc. Reduce -75.5% 0.03% −0.09 IWM iShares Russell 2000 ETF Sold out 0.00% −0.07 EYE National Vision Holdings Inc. Sold out 0.00% −0.07 RYM Rythm Inc. Sold out 0.00% −0.04
Portfolio Buys Q1 2025 → Q2 2025 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q1 2025 % Of Portfolio Change To Portfolio ▼ ZBRA Zebra Technologies Corp. Class A New 7.05% +7.05 CSGP Costar Group Inc. New 6.43% +6.43 OSK Oshkosh Corp. New 5.38% +5.38 GLW Corning Inc. Add +187.7% 5.29% +3.40 DV Doubleverify Holdings Inc. New 2.86% +2.86 CIEN Ciena Corp. New 2.80% +2.80 ABM Abm Industries Inc. New 2.47% +2.47 DXCM Dexcom Inc. New 2.26% +2.26 ESI Element Solutions Inc. New 2.23% +2.23 ST Sensata Technologies Holdplc New 2.03% +2.03 PSN Parsons Corp. New 1.97% +1.97 OPLN Openlane Inc. New 1.84% +1.84 CLH Clean Harbors Inc. New 1.76% +1.76 MTX Minerals Technologies Inc. New 1.73% +1.73 BDC Belden Inc. New 1.61% +1.61 AVT Avnet Inc. New 1.44% +1.44 AZZ Azz Inc. New 1.43% +1.43 VECO Veeco Instruments Inc. New 1.40% +1.40 HURN Huron Consulting Group Inc. New 1.26% +1.26 OLLI Ollie's Bargain Outlet Holdi New 1.16% +1.16 HAE Haemonetics Corp. Add +26.1% 5.75% +1.16 PRIM Primoris Services Corp. New 1.03% +1.03 AMBA Ambarella Inc. Add +235.8% 1.06% +0.78 VRNT Verint Systems Inc. New 0.77% +0.77 MCHP Microchip Technology Inc. New 0.76% +0.76 BCO The Brink's Co. New 0.75% +0.75 SON Sonoco Products Co. New 0.70% +0.70 ETD Ethan Allen Interiors Inc. New 0.69% +0.69 ADTN Adtran Holdings Inc. New 0.65% +0.65 PRDO Perdoceo Education Corp. New 0.53% +0.53 CDNA Caredx Inc. New 0.52% +0.52 LRN Stride Inc. New 0.50% +0.50 CRMT America's Car-Mart Inc. Add +71.5% 1.01% +0.45 FCFS Firstcash Holdings Inc. Add +77.2% 1.05% +0.43 NSSC Napco Security Technologies New 0.39% +0.39 BLKB Blackbaud Inc. New 0.37% +0.37 LINC Lincoln Educational Services Add +894.7% 0.33% +0.31 WNS WNS Holdings Ltd. Add +21.4% 5.40% +0.28 TPB Turning Point Brands Inc. New 0.28% +0.28 PWR Quanta Services Inc. New 0.27% +0.27 KRE SS SPDR S&P Regional Bank Add +64.4% 0.61% +0.19 SNBRQ Sleep Number Corp. New 0.18% +0.18 BELFB Bel Fuse Inc. Class B New 0.18% +0.18 GATX Gatx Corp. Add +16.5% 0.36% −0.01 CCOI Cogent Communications Holdin Add +22.6% 1.28% −0.29
Options Activity Q1 2025 → Q2 2025 Security Type Change vs Q1 2025 Underlying Shares Value ▼ OSK Oshkosh Corp. put New 700,000 $79.5M ZBRA Zebra Technologies Corp. Class A put New 200,000 $61.7M WNS WNS Holdings Ltd. put Add +101.5% 500,000 $31.6M GLW Corning Inc. put New 500,000 $26.3M MTX Minerals Technologies Inc. put New 350,000 $19.3M DXCM Dexcom Inc. put New 200,000 $17.5M MSM MSC Industrial Direct Co. Class A put Reduce -63.9% 200,000 $17.0M HAE Haemonetics Corp. put Sold out 248,200 $15.8Mbefore exit MTZ Mastec Inc. put Sold out 98,500 $11.5Mbefore exit WLY Wiley (john) & Sons Class A put New 250,000 $11.2M CCOI Cogent Communications Holdin put New 150,000 $7.2M CALX Calix Inc. put Sold out 198,500 $7.0Mbefore exit
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 2024 Amended 54 $691.1M CVSA, CLS, HAE, MTZ, AVTR Q2 2024 Amended 63 $591.2M GBX, CVSA, PNR, CLS, AMBA Q1 2024 Amended 48 $304.9M CLS, SXT, MTZ, ABM, CVSA