Stadium Capital Management LLC

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 14, 2024), Stadium Capital Management LLC reported 11 stock positions worth $132.9 million. Its top holding was Builders Firstsource (BLDR) at 28.1% of the portfolio, followed by Sleep Number (SNBRQ, 27.7%) and Brunswick (BC, 12.4%). Compared with Q2 2024, it opened 3 new positions, sold out of 1, added to 4 and reduced 3. The biggest buy was Sleep Number (SNBRQ, shares +9%) and the biggest sale GoDaddy Class A (GDDY, shares −39%).

Most Recent 13F
Q2 2026
Location
New Canaan, CT
CIK
0001105087
Portfolio Value
$132.9M (Q3 2024)
SEC Filing
0000935836-24-000709 ↗ filed Nov 14, 2024

Holdings Value

0$50.0M$100.0M$150.0M Q1 2024: $126.0M Q1 2024 Q2 2024: $90.8M Q2 2024 Q3 2024: $132.9M $132.9M Q3 2024 Q4 2024: $118.0M Q4 2024 Q1 2025: $109.1M Q1 2025 Q2 2025: $108.6M Q2 2025 Q3 2025: $93.6M Q3 2025 Q4 2025: $86.3M Q4 2025 Q1 2026: $40.6M Q1 2026 Q2 2026: $21.0M Q2 2026

Holdings 11 stocks · $132.9M
BLDR Builders Firstsource Inc. 28.14% 192,958 $37.4M Reduce -12.8%
SNBRQ Sleep Number Corp. 27.68% 2,008,367 $36.8M Add +8.8%
BC Brunswick Corp. 12.38% 196,251 $16.4M Add +25.5%
TNET Trinet Group Inc. 7.36% 100,823 $9.8M Add +821.8%
GDDY GoDaddy Inc. Class A 6.75% 57,238 $9.0M Reduce -38.8%
SONO Sonos Inc. 6.10% 659,491 $8.1M New
NAVI Navient Corp. 3.99% 340,170 $5.3M Add +6.7%
MBUU Malibu Boats Inc. Class A 2.02% 69,108 $2.7M New
DV Doubleverify Holdings Inc. 1.93% 152,200 $2.6M Reduce -62.0%
GTLB Gitlab Inc. Class A 1.84% 47,383 $2.4M No change
LCII Lci Industries 1.81% 20,011 $2.4M New

Portfolio Sells Q2 2024 → Q3 2024
GDDY GoDaddy Inc. Class A Reduce -38.8% 6.75% −7.64
DV Doubleverify Holdings Inc. Reduce -62.0% 1.93% −6.65
BLDR Builders Firstsource Inc. Reduce -12.8% 28.14% −5.57
JELD Jeld-Wen Holding Inc. Sold out 0.00% −2.42

Portfolio Buys Q2 2024 → Q3 2024
SNBRQ Sleep Number Corp. Add +8.8% 27.68% +8.23
TNET Trinet Group Inc. Add +821.8% 7.36% +6.15
SONO Sonos Inc. New 6.10% +6.10
MBUU Malibu Boats Inc. Class A New 2.02% +2.02
LCII Lci Industries New 1.81% +1.81
BC Brunswick Corp. Add +25.5% 12.38% −0.15
NAVI Navient Corp. Add +6.7% 3.99% −1.12

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 2$21.0MBLDR, BC
Q1 2026 6$40.6MBLDR, BC, DKS, LCII, SNBRQ
Q4 2025 6$86.3MSNBRQ, LCII, BC, BLDR, DKS
Q3 2025 7$93.6MBLDR, BC, SNBRQ, NSP, LCII
Q2 2025 7$108.6MBLDR, BC, SNBRQ, GO, LCII
Q1 2025 9$109.1MBLDR, GO, BC, SNBRQ, LCII
Q4 2024 10$118.0MSNBRQ, BLDR, BC, GDDY, LCII
Q3 2024 11$132.9MBLDR, SNBRQ, BC, TNET, GDDY
Q2 2024 9$90.8MBLDR, SNBRQ, GDDY, BC, DV
Q1 2024 9$126.0MBLDR, SNBRQ, GDDY, GTM, DV