SG Capital Management LLC

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 13, 2026), SG Capital Management LLC reported 59 stock positions worth $913.6 million. Its top holding was Celestica (CLS) at 7.9% of the portfolio, followed by Bio-Techne (TECH, 7.4%) and Costar (CSGP, 6.0%). Compared with Q3 2025, it opened 34 new positions, sold out of 25, added to 12 and reduced 12. The biggest buy was a new position in Bio-Techne (TECH) and the biggest sale an exit from Middleby (MIDD).

Most Recent 13F
Q2 2026
Location
CHICAGO, IL
CIK
0001510099
Portfolio Value
$913.6M (Q4 2025)
SEC Filing
0002060757-26-000004 ↗ filed Feb 13, 2026

Holdings Value

0$500.0M$1.0B$1.5B Q1 2024: $304.9M Q1 2024 Q2 2024: $591.2M Q2 2024 Q3 2024: $691.1M Q3 2024 Q4 2024: $909.1M Q4 2024 Q1 2025: $994.6M Q1 2025 Q2 2025: $1.2B Q2 2025 Q3 2025: $998.2M Q3 2025 Q4 2025: $913.6M $913.6M Q4 2025 Q1 2026: $1.2B Q1 2026 Q2 2026: $1.1B Q2 2026

Holdings 59 stocks · $913.6M
CLS Celestica Inc. 7.91% 244,528 $72.3M Add +220.1%
TECH Bio-Techne Corp. 7.40% 1,149,129 $67.6M New
CSGP Costar Group Inc. 5.97% 811,181 $54.5M Add +756.3%
MSM MSC Industrial Direct Co. Class A 5.42% 588,496 $49.5M Add +63.0%
MCHP Microchip Technology Inc. 4.43% 635,252 $40.5M New
COHU Cohu Inc. 3.63% 1,425,621 $33.2M New
WMS Advanced Drainage Systems Inc. 3.12% 196,848 $28.5M Reduce -40.1%
CVSA Covista Inc. filed as ADTALEM GLOBAL ED INC 2.74% 242,134 $25.1M Add +218.4%
HURN Huron Consulting Group Inc. 2.38% 125,593 $21.7M Reduce -49.9%
FFIV F5 Inc. 2.37% 84,965 $21.7M New
BLKB Blackbaud Inc. 2.35% 339,361 $21.5M Reduce -43.3%
ONTO Onto Innovation Inc. 2.01% 116,149 $18.3M Reduce -57.1%
CLH Clean Harbors Inc. 1.89% 73,672 $17.3M New
NDSN Nordson Corp. 1.84% 69,965 $16.8M New
SITE Siteone Landscape Supply Inc. 1.83% 134,210 $16.7M New
GXO Gxo Logistics Inc. 1.81% 313,732 $16.5M New
FCFS Firstcash Holdings Inc. 1.80% 103,214 $16.5M New
ENVA Enova International Inc. 1.80% 104,489 $16.4M New
ICFI Icf International Inc. 1.80% 192,476 $16.4M Add +175.3%
TTMI TTM Technologies 1.78% 235,837 $16.3M Reduce -74.8%
CWST Casella Waste Systems Inc. Class A 1.76% 163,726 $16.0M Add +79.6%
MNRO Monro Inc. 1.73% 789,025 $15.8M Add +13.7%
ATRO Astronics Corp. 1.73% 291,349 $15.8M Add +14.4%
LITE Lumentum Holdings Inc. 1.58% 39,138 $14.4M Reduce -81.7%
FELE Franklin Electric Co. Inc. 1.56% 148,842 $14.2M Add +15.3%
GLOB Globant SA 1.52% 212,270 $13.9M New
EFOR Everforth Inc. filed as ASGN INC 1.46% 277,183 $13.4M Reduce -7.2%
SMG Scotts Miracle-Gro Co. 1.45% 227,686 $13.3M Add +327.7%
KFY Korn Ferry 1.45% 200,785 $13.3M New
DV Doubleverify Holdings Inc. 1.28% 1,020,892 $11.7M New
ACVA Acv Auctions Inc. Class A 1.28% 1,452,788 $11.7M Reduce -15.8%
SKY Champion Homes Inc. 1.27% 136,942 $11.6M New
HLIO Helios Technologies Inc. 1.16% 197,600 $10.6M New
NVDA Nvidia Corp. 1.11% 54,427 $10.2M New
AAON Aaon Inc. 1.10% 131,279 $10.0M Add +45.7%
CXT Crane NXT Co. 1.04% 201,764 $9.5M New
PEGA Pegasystems Inc. 1.03% 157,288 $9.4M New
MTX Minerals Technologies Inc. 0.99% 148,385 $9.0M New
TILE Interface Inc. 0.92% 302,440 $8.4M No change
SIMO Silicon Motion Technol-ADR 0.92% 90,411 $8.4M New
SAIA Saia Inc. 0.91% 25,345 $8.3M New
BCPC Balchem Corp. 0.89% 53,206 $8.2M New
WLY Wiley (john) & Sons Class A 0.85% 252,596 $7.7M Reduce -82.9%
CODI Compass Diversified Holdings 0.83% 1,588,657 $7.6M New
LOPE Grand Canyon Education Inc. 0.83% 45,424 $7.6M New
EXP Eagle Materials Inc. 0.75% 33,104 $6.8M New
JJSF J & J Snack Foods Corp. 0.58% 58,980 $5.3M New
PLXS Plexus Corp. 0.56% 34,849 $5.1M New
AZZ Azz Inc. 0.49% 41,700 $4.5M Reduce -88.9%
KRE SS SPDR S&P Regional Bank 0.47% 65,790 $4.3M Reduce -77.1%
IIIN Insteel Industries Inc. 0.46% 133,587 $4.2M Add +56.9%
WLDN Willdan Group Inc. 0.35% 31,183 $3.2M New
NSSC Napco Security Technologies 0.34% 74,221 $3.1M New
VPG Vishay Precision Group 0.29% 68,634 $2.6M New
TPB Turning Point Brands Inc. 0.24% 20,281 $2.2M New
UWMC Uwm Holdings Corp. 0.21% 432,595 $1.9M New
IESC Ies Holdings Inc. filed as IES HLDGS INC 0.20% 4,793 $1.9M Reduce -95.1%
ASTH Astrana Health Inc. 0.09% 32,020 $794K New
MBUU Malibu Boats Inc. Class A 0.06% 20,000 $564K New

Options reported separately and not counted above: MSM puts ($42.0M), CSGP puts ($33.6M), TECH puts ($29.4M), GLOB puts ($22.9M).

Portfolio Sells Q3 2025 → Q4 2025
MIDD Middleby Corp. Sold out 0.00% −5.54
WLY Wiley (john) & Sons Class A Reduce -82.9% 0.85% −5.13
LRN Stride Inc. Sold out 0.00% −4.19
GLW Corning Inc. Sold out 0.00% −4.09
G Genpact Ltd. Sold out 0.00% −3.79
IESC Ies Holdings Inc. Reduce -95.1% 0.20% −3.66
AZZ Azz Inc. Reduce -88.9% 0.49% −3.62
TTMI TTM Technologies Reduce -74.8% 1.78% −3.61
HI Hillenbrand Inc. Sold out 0.00% −2.59
ESI Element Solutions Inc. Sold out 0.00% −2.59
OLLI Ollie's Bargain Outlet Holdi Sold out 0.00% −2.25
VECO Veeco Instruments Inc. Sold out 0.00% −2.07
ST Sensata Technologies Holdplc Sold out 0.00% −2.07
OPLN Openlane Inc. Sold out 0.00% −2.05
AMBA Ambarella Inc. Sold out 0.00% −1.92
LITE Lumentum Holdings Inc. Reduce -81.7% 1.58% −1.91
BLKB Blackbaud Inc. Reduce -43.3% 2.35% −1.50
ONTO Onto Innovation Inc. Reduce -57.1% 2.01% −1.50
WMS Advanced Drainage Systems Inc. Reduce -40.1% 3.12% −1.45
KRE SS SPDR S&P Regional Bank Reduce -77.1% 0.47% −1.36
CVGW Calavo Growers Inc. Sold out 0.00% −1.35
HURN Huron Consulting Group Inc. Reduce -49.9% 2.38% −1.31
ZBRA Zebra Technologies Corp. Class A Sold out 0.00% −1.06
SANM Sanmina Corp. Sold out 0.00% −1.01
AXTA Axalta Coating Systems Ltd. Sold out 0.00% −0.82
RAL Ralliant Corp. Sold out 0.00% −0.82
KEX Kirby Corp. Sold out 0.00% −0.67
FBIN Fortune Brands Innovations I Sold out 0.00% −0.57
PRLB Proto Labs Inc. Sold out 0.00% −0.57
GENI Genius Sports Ltd. Sold out 0.00% −0.52
ACVA Acv Auctions Inc. Class A Reduce -15.8% 1.28% −0.44
PHIN Phinia Inc. Sold out 0.00% −0.39
SVV Savers Value Village Inc. Sold out 0.00% −0.39
OSIS Osi Systems Inc. Sold out 0.00% −0.34
LGCY Legacy Education Inc. Sold out 0.00% −0.23
HVT Haverty Furniture Sold out 0.00% −0.03
EFOR Everforth Inc. Reduce -7.2% 1.46% +0.04

Portfolio Buys Q3 2025 → Q4 2025
TECH Bio-Techne Corp. New 7.40% +7.40
CLS Celestica Inc. Add +220.1% 7.91% +6.03
CSGP Costar Group Inc. Add +756.3% 5.97% +5.17
MCHP Microchip Technology Inc. New 4.43% +4.43
COHU Cohu Inc. New 3.63% +3.63
FFIV F5 Inc. New 2.37% +2.37
MSM MSC Industrial Direct Co. Class A Add +63.0% 5.42% +2.08
CLH Clean Harbors Inc. New 1.89% +1.89
NDSN Nordson Corp. New 1.84% +1.84
SITE Siteone Landscape Supply Inc. New 1.83% +1.83
GXO Gxo Logistics Inc. New 1.81% +1.81
FCFS Firstcash Holdings Inc. New 1.80% +1.80
ENVA Enova International Inc. New 1.80% +1.80
CVSA Covista Inc. Add +218.4% 2.74% +1.57
GLOB Globant SA New 1.52% +1.52
KFY Korn Ferry New 1.45% +1.45
DV Doubleverify Holdings Inc. New 1.28% +1.28
SKY Champion Homes Inc. New 1.27% +1.27
HLIO Helios Technologies Inc. New 1.16% +1.16
SMG Scotts Miracle-Gro Co. Add +327.7% 1.45% +1.15
ICFI Icf International Inc. Add +175.3% 1.80% +1.15
NVDA Nvidia Corp. New 1.11% +1.11
CXT Crane NXT Co. New 1.04% +1.04
PEGA Pegasystems Inc. New 1.03% +1.03
MTX Minerals Technologies Inc. New 0.99% +0.99
SIMO Silicon Motion Technol-ADR New 0.92% +0.92
SAIA Saia Inc. New 0.91% +0.91
BCPC Balchem Corp. New 0.89% +0.89
CWST Casella Waste Systems Inc. Class A Add +79.6% 1.76% +0.89
CODI Compass Diversified Holdings New 0.83% +0.83
LOPE Grand Canyon Education Inc. New 0.83% +0.83
EXP Eagle Materials Inc. New 0.75% +0.75
JJSF J & J Snack Foods Corp. New 0.58% +0.58
ATRO Astronics Corp. Add +14.4% 1.73% +0.57
PLXS Plexus Corp. New 0.56% +0.56
MNRO Monro Inc. Add +13.7% 1.73% +0.48
WLDN Willdan Group Inc. New 0.35% +0.35
NSSC Napco Security Technologies New 0.34% +0.34
FELE Franklin Electric Co. Inc. Add +15.3% 1.56% +0.33
VPG Vishay Precision Group New 0.29% +0.29
AAON Aaon Inc. Add +45.7% 1.10% +0.25
TPB Turning Point Brands Inc. New 0.24% +0.24
UWMC Uwm Holdings Corp. New 0.21% +0.21
IIIN Insteel Industries Inc. Add +56.9% 0.46% +0.14
ASTH Astrana Health Inc. New 0.09% +0.09
MBUU Malibu Boats Inc. Class A New 0.06% +0.06

Options Activity Q3 2025 → Q4 2025
MSM MSC Industrial Direct Co. Class A put New 500,000 $42.0M
CSGP Costar Group Inc. put New 499,300 $33.6M
TECH Bio-Techne Corp. put New 500,000 $29.4M
MTX Minerals Technologies Inc. put Sold out 400,000 $24.8Mbefore exit
GLOB Globant SA put New 350,000 $22.9M
CGNX Cognex Corp. call Sold out 500,000 $22.6Mbefore exit
G Genpact Ltd. put Sold out 500,000 $20.9Mbefore exit
EFOR Everforth Inc. put Sold out 300,000 $14.2Mbefore exit
SON Sonoco Products Co. put Sold out 300,000 $12.9Mbefore exit
DV Doubleverify Holdings Inc. put Sold out 1,000,000 $12.0Mbefore exit
HAE Haemonetics Corp. put Sold out 175,000 $8.5Mbefore exit
LRN Stride Inc. put Sold out 50,000 $7.4Mbefore exit

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 76$1.1BZBRA, ESAB, SLGN, GXO, VSEC
Q1 2026 79$1.2BTECH, WSO, ONTO, WEX, JBL
Q4 2025 59$913.6MCLS, TECH, CSGP, MSM, MCHP
Q3 2025 50$998.2MWLY, MIDD, TTMI, WMS, LRN
Q2 2025 64$1.2BZBRA, CSGP, HAE, WNS, OSK
Q1 2025 51$994.6MCLS, WLY, CVSA, FN, WNS
Q4 2024 52$909.1MBRKR, WNS, HAE, CVSA, CLS
Q3 2024Amended 54$691.1MCVSA, CLS, HAE, MTZ, AVTR
Q2 2024Amended 63$591.2MGBX, CVSA, PNR, CLS, AMBA
Q1 2024Amended 48$304.9MCLS, SXT, MTZ, ABM, CVSA