Stadium Capital Management LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), Stadium Capital Management LLC reported 6 stock positions worth $86.3 million. Its top holding was Sleep Number (SNBRQ) at 25.6% of the portfolio, followed by Lci Industries (LCII, 23.6%) and Brunswick (BC, 20.1%). Compared with Q3 2025, it sold out of 1, added to 1 and reduced 2. The biggest buy was Lci Industries (LCII, shares +75%) and the biggest sale an exit from Insperity (NSP).
- Most Recent 13F
- Q2 2026
- Location
- New Canaan, CT
- CIK
- 0001105087
- Portfolio Value
- $86.3M (Q4 2025)
- SEC Filing
- 0000935836-26-000111 ↗ filed Feb 17, 2026
Holdings Value
Holdings 6 stocks · $86.3M
| SNBRQ Sleep Number Corp. | 25.64% | 2,616,459 | $22.1M | No change |
| LCII Lci Industries | 23.60% | 167,923 | $20.4M | Add +75.1% |
| BC Brunswick Corp. | 20.05% | 233,208 | $17.3M | Reduce -24.2% |
| BLDR Builders Firstsource Inc. | 18.93% | 158,894 | $16.3M | Reduce -13.1% |
| DKS Dick's Sporting Goods Inc. | 8.10% | 35,319 | $7.0M | No change |
| GTLB Gitlab Inc. Class A | 3.68% | 84,683 | $3.2M | No change |
Portfolio Sells Q3 2025 → Q4 2025
Portfolio Buys Q3 2025 → Q4 2025
| LCII Lci Industries | Add +75.1% | 23.60% | +14.05 |
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 |