Q2 2026 13F · SEC CIK 1802986
Forager Capital Management, LLC
Hedge fundFiled 2026-08-14 for Q2 2026. Open the filing ↗ · All SEC filings ↗
- Reported 13F value
- $265.9M
- Reported positions
- 10
- Top holdings a year, 3 yrs
- +10.7%
- Assets under management
- $352.9M
Forager Capital Management, LLC is a hedge fund that reported 10 positions worth $265.9M in its Q2 2026 13F, filed 2026-08-14. Its largest holdings were Repay Hldgs Corp (RPAY, 17.5%), Regional Management (RM, 14.7%), MasterCraft Boat Holdings (MCFT, 14.1%). A portfolio copying its top holdings returned 10.7% a year over the last 3 years, against 20.4% for the S&P 500.
Forager Capital Management, LLC holdings all 10 positions.
Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.
| Stock | % of 13F value | Share change | Reported value |
|---|---|---|---|
| RPAYRepay Hldgs Corp | 17.5% | +20.2% | $46.6M |
| RMRegional Management | 14.7% | -6.9% | $39.1M |
| MCFTMasterCraft Boat Holdings | 14.1% | -9.9% | $37.5M |
| MLKNMillerknoll Inc | 12.0% | +6.1% | $32.0M |
| OPRTOportun Finl Corp | 9.7% | +34.2% | $25.8M |
| VMDViemed Healthcare Inc | 9.2% | -24.2% | $24.4M |
| HOVHovnanian Enterprises Inc | 8.0% | -36.7% | $21.3M |
| IIIVI3 Verticals Inc | 6.9% | +49.2% | $18.5M |
| ICFIIcf Intl Inc | 6.5% | — | $17.2M |
| IMXIInternational Money Express | 1.4% | -30.6% | $3.7M |
What Forager Capital Management, LLC bought and sold in Q2 2026, against Q1 2026.
New positions
- ICFI Icf Intl Inc6.5% of 13F
Added to
- IIIV I3 Verticals Inc+49.2% shares
- OPRT Oportun Finl Corp+34.2% shares
- RPAY Repay Hldgs Corp+20.2% shares
- MLKN Millerknoll Inc+6.1% shares
Reduced
- HOV Hovnanian Enterprises Inc-36.7% shares
- IMXI International Money Express-30.6% shares
- VMD Viemed Healthcare Inc-24.2% shares
- MCFT MasterCraft Boat Holdings-9.9% shares
- RM Regional Management-6.9% shares
Sold out
- RUSHA Rush Enterprises Incwas 1.6%
Share counts compared with the Q1 2026 13F; a split also changes share counts.
How the holdings did against the S&P 500.
- 1 year
- +12.3% /yr
- S&P 500 +20.1%
- 3 years
- +10.7% /yr
- S&P 500 +20.4%
- 5 years
- +3.7% /yr
- S&P 500 +13.0%
A portfolio of the filer's 20 largest 13F positions, weighted by value, bought the trading day after each 13F was filed and held until the next one was: what copying this filer could have earned. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.
Reported 13F value by quarter.
| Quarter | 13F value | Positions |
|---|---|---|
| Q2 2026 | $265.9M | 10 |
| Q1 2026 | $200.9M | 10 |
| Q4 2025 | $220.9M | 11 |
| Q3 2025 | $226.7M | 11 |
| Q2 2025 | $204.5M | 11 |
| Q1 2025 | $202.1M | 11 |
| Q4 2024 | $238.8M | 13 |
| Q3 2024 | $254.3M | 13 |
| Q2 2024 | $233.5M | 14 |
| Q1 2024 | $259.0M | 12 |
| Q4 2023 | $244.7M | 13 |
| Q3 2023 | $232.9M | 14 |
Questions about Forager Capital Management, LLC's portfolio
What stocks does Forager Capital Management, LLC own?
Forager Capital Management, LLC's latest 13F, for Q2 2026 and filed Aug 14, 2026, lists 10 positions worth $265.9M. The largest are Repay Hldgs Corp (RPAY) at 17.5%, Regional Management (RM) at 14.7%, MasterCraft Boat Holdings (MCFT) at 14.1%, Millerknoll Inc (MLKN) at 12.0% and Oportun Finl Corp (OPRT) at 9.7%.
What did Forager Capital Management, LLC buy last quarter?
In Q2 2026, Forager Capital Management, LLC added a new position in Icf Intl Inc (ICFI), I3 Verticals Inc (IIIV) (+49.2% shares), Oportun Finl Corp (OPRT) (+34.2% shares) and Repay Hldgs Corp (RPAY) (+20.2% shares), compared with its Q1 2026 filing.
What did Forager Capital Management, LLC sell last quarter?
In Q2 2026, Forager Capital Management, LLC sold all of Rush Enterprises Inc (RUSHA), Hovnanian Enterprises Inc (HOV) (-36.7% shares), International Money Express (IMXI) (-30.6% shares) and Viemed Healthcare Inc (VMD) (-24.2% shares), compared with its Q1 2026 filing.
How has Forager Capital Management, LLC's portfolio performed?
A portfolio copying Forager Capital Management, LLC's 20 largest 13F holdings each quarter, from the day each filing was public, returned +10.7% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: +12.3% against +20.1%. Over 5 years: +3.7% a year against +13.0%.
When is Forager Capital Management, LLC's next 13F filing due?
13F filings are due 45 days after each quarter ends. Forager Capital Management, LLC's filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.
How much money does Forager Capital Management, LLC manage?
Forager Capital Management, LLC reported $352.9M of regulatory assets under management on its latest SEC Form ADV. Its 13F, which covers only US-listed stocks and options, totals $265.9M.