SG Capital Management LLC In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 7, 2025), SG Capital Management LLC reported 50 stock positions worth $998.2 million . Its top holding was Wiley (john) & Sons Class A (WLY) at 6.0% of the portfolio, followed by Middleby (MIDD, 5.5% ) and TTM Technologies (TTMI, 5.4% ). Compared with Q2 2025, it opened 28 new positions, sold out of 42, added to 12 and reduced 10. The biggest buy was a new position in Middleby (MIDD) and the biggest sale Zebra Technologies Class A (ZBRA, shares −87% ).
Location CHICAGO, IL
CIK 0001510099
Portfolio Value $998.2M (Q3 2025) Holdings 50 stocks · $998.2M 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 Q2 2025 WLY Wiley (john) & Sons Class A 1,474,796 $59.7M Add +32.6% MIDD Middleby Corp. 415,705 $55.3M New TTMI TTM Technologies 934,078 $53.8M New WMS Advanced Drainage Systems Inc. 328,703 $45.6M New LRN Stride Inc. 280,492 $41.8M Add +595.1% AZZ Azz Inc. 376,040 $41.0M Add +111.3% GLW Corning Inc. 498,061 $40.9M Reduce -57.9% IESC Ies Holdings Inc. filed as IES HLDGS INC 97,094 $38.6M New BLKB Blackbaud Inc. 598,547 $38.5M Add +777.3% G Genpact Ltd. 902,850 $37.8M New HURN Huron Consulting Group Inc. 250,489 $36.8M Add +131.8% ONTO Onto Innovation Inc. 270,846 $35.0M New LITE Lumentum Holdings Inc. 214,121 $34.8M Add +340.4% MSM MSC Industrial Direct Co. Class A 360,988 $33.3M Add +52.1% HI Hillenbrand Inc. 956,290 $25.9M New ESI Element Solutions Inc. 1,025,797 $25.8M Reduce -11.5% OLLI Ollie's Bargain Outlet Holdi 174,654 $22.4M Add +68.2% VECO Veeco Instruments Inc. 678,169 $20.6M Reduce -16.1% ST Sensata Technologies Holdplc 675,486 $20.6M Reduce -14.8% OPLN Openlane Inc. 710,180 $20.4M Reduce -19.7% AMBA Ambarella Inc. 232,713 $19.2M Add +23.0% CLS Celestica Inc. 76,383 $18.8M Reduce -61.9% KRE SS SPDR S&P Regional Bank 287,728 $18.2M Add +138.4% ACVA Acv Auctions Inc. Class A 1,725,788 $17.1M New EFOR Everforth Inc. filed as ASGN INC 298,715 $14.1M New CVGW Calavo Growers Inc. 522,247 $13.4M New MNRO Monro Inc. 694,037 $12.5M Add +42.8% FELE Franklin Electric Co. Inc. 129,050 $12.3M New CVSA Covista Inc. filed as ADTALEM GLOBAL ED INC 76,056 $11.7M Reduce -38.5% ATRO Astronics Corp. 254,707 $11.6M New ZBRA Zebra Technologies Corp. Class A 35,487 $10.5M Reduce -86.8% SANM Sanmina Corp. 87,399 $10.1M New TILE Interface Inc. 302,440 $8.8M New CWST Casella Waste Systems Inc. Class A 91,151 $8.6M New AAON Aaon Inc. 90,113 $8.4M New AXTA Axalta Coating Systems Ltd. 284,462 $8.1M New RAL Ralliant Corp. 186,120 $8.1M New CSGP Costar Group Inc. 94,737 $8.0M Reduce -89.9% KEX Kirby Corp. 80,000 $6.7M New ICFI Icf International Inc. 69,918 $6.5M New FBIN Fortune Brands Innovations I 107,496 $5.7M New PRLB Proto Labs Inc. 113,587 $5.7M New GENI Genius Sports Ltd. 417,251 $5.2M Add +41.5% PHIN Phinia Inc. 67,817 $3.9M New SVV Savers Value Village Inc. 290,088 $3.8M New OSIS Osi Systems Inc. 13,764 $3.4M Reduce -74.5% IIIN Insteel Industries Inc. 85,131 $3.3M New SMG Scotts Miracle-Gro Co. 53,234 $3.0M New LGCY Legacy Education Inc. 235,214 $2.3M New HVT Haverty Furniture 14,820 $325K New
Options reported separately and not counted above: MTX puts ($24.8M), CGNX calls ($22.6M), G puts ($20.9M), EFOR puts ($14.2M), SON puts ($12.9M), DV puts ($12.0M), HAE puts ($8.5M), LRN puts ($7.4M).
Portfolio Sells Q2 2025 → Q3 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 Q2 2025 % Of Portfolio Change To Portfolio ▲ ZBRA Zebra Technologies Corp. Class A Reduce -86.8% 1.06% −6.00 HAE Haemonetics Corp. Sold out 0.00% −5.75 CSGP Costar Group Inc. Reduce -89.9% 0.80% −5.63 WNS WNS Holdings Ltd. Sold out 0.00% −5.40 OSK Oshkosh Corp. Sold out 0.00% −5.38 DV Doubleverify Holdings Inc. Sold out 0.00% −2.86 CIEN Ciena Corp. Sold out 0.00% −2.80 ABM Abm Industries Inc. Sold out 0.00% −2.47 DXCM Dexcom Inc. Sold out 0.00% −2.26 DY Dycom Industries Inc. Sold out 0.00% −2.21 PSN Parsons Corp. Sold out 0.00% −1.97 CLH Clean Harbors Inc. Sold out 0.00% −1.76 MTX Minerals Technologies Inc. Sold out 0.00% −1.73 FN Fabrinet Sold out 0.00% −1.69 BDC Belden Inc. Sold out 0.00% −1.61 AVT Avnet Inc. Sold out 0.00% −1.44 CCOI Cogent Communications Holdin Sold out 0.00% −1.28 GLW Corning Inc. Reduce -57.9% 4.09% −1.19 FCFS Firstcash Holdings Inc. Sold out 0.00% −1.05 PRIM Primoris Services Corp. Sold out 0.00% −1.03 CRMT America's Car-Mart Inc. Sold out 0.00% −1.01 CLS Celestica Inc. Reduce -61.9% 1.89% −0.78 VRNT Verint Systems Inc. Sold out 0.00% −0.77 MCHP Microchip Technology Inc. Sold out 0.00% −0.76 BCO The Brink's Co. Sold out 0.00% −0.75 SIMO Silicon Motion Technol-ADR Sold out 0.00% −0.73 MTZ Mastec Inc. Sold out 0.00% −0.72 SON Sonoco Products Co. Sold out 0.00% −0.70 OSIS Osi Systems Inc. Reduce -74.5% 0.34% −0.69 ETD Ethan Allen Interiors Inc. Sold out 0.00% −0.69 ADTN Adtran Holdings Inc. Sold out 0.00% −0.65 SKY Champion Homes Inc. Sold out 0.00% −0.60 HNI Hni Corp. Sold out 0.00% −0.57 CALX Calix Inc. Sold out 0.00% −0.54 PRDO Perdoceo Education Corp. Sold out 0.00% −0.53 CDNA Caredx Inc. Sold out 0.00% −0.52 NSSC Napco Security Technologies Sold out 0.00% −0.39 GATX Gatx Corp. Sold out 0.00% −0.36 LINC Lincoln Educational Services Sold out 0.00% −0.33 TPB Turning Point Brands Inc. Sold out 0.00% −0.28 REVG Rev Group Inc. Sold out 0.00% −0.28 HEI Heico Corp. Sold out 0.00% −0.27 PWR Quanta Services Inc. Sold out 0.00% −0.27 ALG Alamo Group Inc. Sold out 0.00% −0.27 SNBRQ Sleep Number Corp. Sold out 0.00% −0.18 BELFB Bel Fuse Inc. Class B Sold out 0.00% −0.18 CVSA Covista Inc. Reduce -38.5% 1.18% −0.16 MAMA Mama's Creations Inc. Sold out 0.00% −0.03 ST Sensata Technologies Holdplc Reduce -14.8% 2.07% +0.04 OPLN Openlane Inc. Reduce -19.7% 2.05% +0.21
Portfolio Buys Q2 2025 → Q3 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 Q2 2025 % Of Portfolio Change To Portfolio ▼ MIDD Middleby Corp. New 5.54% +5.54 TTMI TTM Technologies New 5.39% +5.39 WMS Advanced Drainage Systems Inc. New 4.57% +4.57 IESC Ies Holdings Inc. New 3.87% +3.87 G Genpact Ltd. New 3.79% +3.79 LRN Stride Inc. Add +595.1% 4.19% +3.69 ONTO Onto Innovation Inc. New 3.51% +3.51 BLKB Blackbaud Inc. Add +777.3% 3.86% +3.48 LITE Lumentum Holdings Inc. Add +340.4% 3.49% +3.10 AZZ Azz Inc. Add +111.3% 4.11% +2.68 HI Hillenbrand Inc. New 2.59% +2.59 HURN Huron Consulting Group Inc. Add +131.8% 3.68% +2.42 WLY Wiley (john) & Sons Class A Add +32.6% 5.98% +1.76 ACVA Acv Auctions Inc. Class A New 1.71% +1.71 MSM MSC Industrial Direct Co. Class A Add +52.1% 3.33% +1.62 EFOR Everforth Inc. New 1.42% +1.42 CVGW Calavo Growers Inc. New 1.35% +1.35 FELE Franklin Electric Co. Inc. New 1.23% +1.23 KRE SS SPDR S&P Regional Bank Add +138.4% 1.82% +1.22 ATRO Astronics Corp. New 1.16% +1.16 OLLI Ollie's Bargain Outlet Holdi Add +68.2% 2.25% +1.08 SANM Sanmina Corp. New 1.01% +1.01 TILE Interface Inc. New 0.88% +0.88 CWST Casella Waste Systems Inc. Class A New 0.87% +0.87 AMBA Ambarella Inc. Add +23.0% 1.92% +0.86 AAON Aaon Inc. New 0.84% +0.84 AXTA Axalta Coating Systems Ltd. New 0.82% +0.82 RAL Ralliant Corp. New 0.82% +0.82 KEX Kirby Corp. New 0.67% +0.67 ICFI Icf International Inc. New 0.65% +0.65 MNRO Monro Inc. Add +42.8% 1.25% +0.63 FBIN Fortune Brands Innovations I New 0.57% +0.57 PRLB Proto Labs Inc. New 0.57% +0.57 PHIN Phinia Inc. New 0.39% +0.39 SVV Savers Value Village Inc. New 0.39% +0.39 IIIN Insteel Industries Inc. New 0.33% +0.33 SMG Scotts Miracle-Gro Co. New 0.30% +0.30 GENI Genius Sports Ltd. Add +41.5% 0.52% +0.26 LGCY Legacy Education Inc. New 0.23% +0.23 HVT Haverty Furniture New 0.03% +0.03
Options Activity Q2 2025 → Q3 2025 Security Type Change vs Q2 2025 Underlying Shares Value ▼ OSK Oshkosh Corp. put Sold out 700,000 $79.5Mbefore exit ZBRA Zebra Technologies Corp. Class A put Sold out 200,000 $61.7Mbefore exit WNS WNS Holdings Ltd. put Sold out 500,000 $31.6Mbefore exit GLW Corning Inc. put Sold out 500,000 $26.3Mbefore exit MTX Minerals Technologies Inc. put Add +14.3% 400,000 $24.8M CGNX Cognex Corp. call New 500,000 $22.6M G Genpact Ltd. put New 500,000 $20.9M DXCM Dexcom Inc. put Sold out 200,000 $17.5Mbefore exit MSM MSC Industrial Direct Co. Class A put Sold out 200,000 $17.0Mbefore exit EFOR Everforth Inc. put New 300,000 $14.2M SON Sonoco Products Co. put New 300,000 $12.9M DV Doubleverify Holdings Inc. put New 1,000,000 $12.0M WLY Wiley (john) & Sons Class A put Sold out 250,000 $11.2Mbefore exit HAE Haemonetics Corp. put New 175,000 $8.5M LRN Stride Inc. put New 50,000 $7.4M CCOI Cogent Communications Holdin put Sold out 150,000 $7.2Mbefore 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