Stadium Capital Management LLC

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), Stadium Capital Management LLC reported 10 stock positions worth $118.0 million. Its top holding was Sleep Number (SNBRQ) at 33.8% of the portfolio, followed by Builders Firstsource (BLDR, 23.4%) and Brunswick (BC, 14.2%). Compared with Q3 2024, it opened 1 new position, sold out of 2, added to 4 and reduced 1. The biggest buy was Sleep Number (SNBRQ, shares +30%) and the biggest sale an exit from Trinet (TNET).

Most Recent 13F
Q2 2026
Location
New Canaan, CT
CIK
0001105087
Portfolio Value
$118.0M (Q4 2024)
SEC Filing
0000935836-25-000178 ↗ filed Feb 14, 2025

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 Q3 2024 Q4 2024: $118.0M $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 10 stocks · $118.0M
SNBRQ Sleep Number Corp. 33.80% 2,616,459 $39.9M Add +30.3%
BLDR Builders Firstsource Inc. 23.38% 192,958 $27.6M No change
BC Brunswick Corp. 14.16% 258,323 $16.7M Add +31.6%
GDDY GoDaddy Inc. Class A 9.58% 57,238 $11.3M No change
LCII Lci Industries 6.14% 70,069 $7.2M Add +250.2%
NAVI Navient Corp. 4.11% 365,069 $4.9M Add +7.3%
ETSY Etsy Inc. 3.04% 67,800 $3.6M New
GTLB Gitlab Inc. Class A 2.26% 47,383 $2.7M No change
MBUU Malibu Boats Inc. Class A 2.20% 69,108 $2.6M No change
SONO Sonos Inc. 1.33% 104,456 $1.6M Reduce -84.2%

Portfolio Sells Q3 2024 → Q4 2024
TNET Trinet Group Inc. Sold out 0.00% −7.36
SONO Sonos Inc. Reduce -84.2% 1.33% −4.77
DV Doubleverify Holdings Inc. Sold out 0.00% −1.93

Portfolio Buys Q3 2024 → Q4 2024
SNBRQ Sleep Number Corp. Add +30.3% 33.80% +6.11
LCII Lci Industries Add +250.2% 6.14% +4.33
ETSY Etsy Inc. New 3.04% +3.04
BC Brunswick Corp. Add +31.6% 14.16% +1.79
NAVI Navient Corp. Add +7.3% 4.11% +0.12

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