Forager Capital Management, LLC

Q3 2025 13F-HR Holdings

Location
Birmingham, AL
Holdings as of
9/30/2025
Date filed
11/14/2025
Form type
13F-HR
Num holdings
11
Total value ($000)
$226,663
Net value change ($000)
+22,153 (10.8%)
New positions
1
Sold out positions
1
Turnover %
10.0%
Sector allocation + QoQ delta (equities-only)
Prev filing: 8/13/2025 Next filing: 2/17/2026 SEC filing

Snapshot: Change Analysis

Compared to Q2 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
OPRT 12,078 NEW
RM 10,579 33.4%
HOV 6,229 24.9%
MCFT 5,193 15.5%
VMD 3,818 25.9%
QIPT 3,444 45.8%
IIIV 3,312 18.1%
MLKN 740 2.9%
RUSHA 470 3.8%
Top Reduces (Value $000, Stocks/ETFs)
WLDN -10,499 -100.0%
IMXI -9,523 -48.5%
GTX -3,688 -62.0%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type