Forager Capital Management, LLC
Annual return '25
+18.3%
SPY '25
+17.7%
Alpha
+0.6ptsvs SPY
Invested
$200.9M
Holdings
10
Trades YTD
0
Performance · Fund vs SPY
Cumulative return · quarterly snapshotsCoverage 99%. 4 quarters of 2025 measured against SPY adj-close benchmark.
Top holdings · current snapshot
Source: 13F-HR01
$MCFT
MASTERCRAFT BOAT HLDGS INC
Q4 2025: Exited (was 1.80M shares)
16.5%
02
$RM
REGIONAL MGMT CORP
Q4 2025: Exited (was 1.09M shares)
16.4%
03
$HOV
HOVNANIAN ENTERPRISES INC
Q4 2025: Exited (was 243.4k shares)
13.0%
04
$VMD
VIEMED HEALTHCARE INC
Q4 2025: Exited (was 2.74M shares)
13.0%
05
$RPAY
REPAY HLDGS CORP
Held since at least Q1 2024
12.0%
06
$MLKN
MILLERKNOLL INC
Q4 2025: Exited (was 1.47M shares)
10.6%
07
$OPRT
OPORTUN FINL CORP
Q4 2025: Exited (was 1.96M shares)
7.7%
08
$IIIV
I3 VERTICALS INC
Q4 2025: Exited (was 665.0k shares)
6.4%
09
$IMXI
INTERNATIONAL MONEY EXPRESS
Q4 2025: Exited (was 724.0k shares)
2.9%
10
$RUSHA
RUSH ENTERPRISES INC
Q4 2025: Exited (was 239.8k shares)
1.6%
Recent trades · Last 90 days
No Form 4 / 13D / 13G trade events on file in the recent window. 13F filers report position snapshots quarterly rather than per-trade events, so this section is most useful for managers who also file Form 4 or 13D/G.
Convergence · Pattern Engine ships in v1.1
30-day windowIn development
Convergence participation lands with the Pattern Engine.
Once the Pattern Engine ships, this section will list every active convergence event this fund is named in — with the other named funds, the Congress members on the same name, and combined position size.
Source data: SEC EDGAR · 13F-HR filings · Performance through 2025-12-31 · Last refreshed 13:32 UTC.