Stadium Capital Management LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), Stadium Capital Management LLC reported 7 stock positions worth $93.6 million. Its top holding was Builders Firstsource (BLDR) at 23.7% of the portfolio, followed by Brunswick (BC, 20.8%) and Sleep Number (SNBRQ, 19.6%). Compared with Q2 2025, it opened 1 new position, sold out of 1 and reduced 3. The biggest buy was a new position in Insperity (NSP) and the biggest sale Builders Firstsource (BLDR, shares −42%).
- Most Recent 13F
- Q2 2026
- Location
- New Canaan, CT
- CIK
- 0001105087
- Portfolio Value
- $93.6M (Q3 2025)
- SEC Filing
- 0000935836-25-000705 ↗ filed Nov 14, 2025
Holdings Value
Holdings 7 stocks · $93.6M
| BLDR Builders Firstsource Inc. | 23.69% | 182,792 | $22.2M | Reduce -42.4% |
| BC Brunswick Corp. | 20.80% | 307,760 | $19.5M | Reduce -17.7% |
| SNBRQ Sleep Number Corp. | 19.63% | 2,616,459 | $18.4M | No change |
| NSP Insperity Inc. | 13.87% | 263,715 | $13.0M | New |
| LCII Lci Industries | 9.55% | 95,923 | $8.9M | No change |
| DKS Dick's Sporting Goods Inc. | 8.39% | 35,319 | $7.8M | No change |
| GTLB Gitlab Inc. Class A | 4.08% | 84,683 | $3.8M | Reduce -42.1% |
Portfolio Sells Q2 2025 → Q3 2025
Portfolio Buys Q2 2025 → Q3 2025
| NSP Insperity Inc. | New | 13.87% | +13.87 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 2 | $21.0M | BLDR, BC |
| Q1 2026 | 6 | $40.6M | BLDR, BC, DKS, LCII, SNBRQ |
| Q4 2025 | 6 | $86.3M | SNBRQ, LCII, BC, BLDR, DKS |
| Q3 2025 | 7 | $93.6M | BLDR, BC, SNBRQ, NSP, LCII |
| Q2 2025 | 7 | $108.6M | BLDR, BC, SNBRQ, GO, LCII |
| Q1 2025 | 9 | $109.1M | BLDR, GO, BC, SNBRQ, LCII |
| Q4 2024 | 10 | $118.0M | SNBRQ, BLDR, BC, GDDY, LCII |
| Q3 2024 | 11 | $132.9M | BLDR, SNBRQ, BC, TNET, GDDY |
| Q2 2024 | 9 | $90.8M | BLDR, SNBRQ, GDDY, BC, DV |
| Q1 2024 | 9 | $126.0M | BLDR, SNBRQ, GDDY, GTM, DV |