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Forager Capital Management, LLC

Q4 2025 · Filed 2026-02-17
Market Value
$221M
-2.6%
Holdings
12
New Purchases
1
Added To
3
Closed
1
Reduced
4
Top 10 Concentration
97.5%
Turnover
16.7%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
RPAY 6.60% 0.00% +6.60% $15M
QIPT 6.71% 4.84% +1.88% $15M
MLKN 12.93% 11.48% +1.45% $29M
VMD 9.37% 8.20% +1.17% $21M
RM 19.04% 18.65% +0.39% $42M
OPRT 5.70% 5.33% +0.37% $13M
RUSHA 5.86% 5.66% +0.20% $13M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
HOV 10.44% 13.80% -3.36% $23M
IIIV 6.27% 9.52% -3.26% $14M
MCFT 14.55% 17.07% -2.52% $32M
IMXI 2.55% 4.46% -1.92% $6M
GTX 0.00% 1.00% -1.00% $0

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mid Cap 2 $13M 5.9%
Small Cap 8 $181M 81.7%
Micro Cap 2 $27M 12.4%

Portfolio Analytics

Avg Market Cap
$1.3B
Median Market Cap
$412M
Avg P/E
27.9
Median P/E
19.4
Avg Dividend Yield
0.01%
Avg Beta
1.13
# Stocks
12
# ETFs / Funds
0

Top Holdings (12 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 RM 19.04% 1,085,098 $42M $38.75 -$228K
2 MCFT 14.55% 1,699,118 $32M $18.91 -$7M -103,857 -5.8%
3 MLKN 12.93% 1,561,841 $29M $18.28 $3M +95,000 +6.5%
4 HOV 10.44% 236,315 $23M $97.54 -$8M -7,042 -2.9%
5 VMD 9.37% 2,785,871 $21M $7.43 $2M +49,399 +1.8%
6 QIPT 6.71% 4,199,562 $15M $3.53 $4M
7 RPAY 6.60% 3,990,726 $15M $3.65 +3,990,726 NEW
8 IIIV 6.27% 549,401 $14M $25.19 -$8M -115,599 -17.4%
9 RUSHA 5.86% 239,822 $13M $53.94 $113K
10 OPRT 5.70% 2,380,000 $13M $5.29 $512K +422,412 +21.6%
11 IMXI 2.55% 366,174 $6M $15.36 -$4M -357,791 -49.4%
12 GTX —% -$2M -166,095 -100.0% SOLD

New Positions

SymbolValue% Port
RPAY $15M 6.60%

Sold Out Positions

SymbolValue% Port
GTX —%
View SEC EDGAR Filings for Forager Capital Management, LLC →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms