Forager Capital Management, LLC
Filing Date
Global Rank
#4,177
/ 8,588
▲ 84
Top Industry
Credit Services
24.1%
3Y Alpha vs SPY
-10.3%
Period ended 3 months ago
Filed May 15, 2026 · 33d
18 quarters · since Dec 2021
Clone Performance
Jun 2023–Jun 2026 · vs SPYHypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.
Cloned portfolio
+35.2%
SPY
+76.8%
Annualised alpha
-10.3%
Max drawdown
−30.4%
Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.
Portfolio Concentration
10 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025Top Position
16.5%
−4.0 pts
Top 5
70.8%
−0.3 pts
Top 10
100.0%
0.0 pts
HHI
1,244
Diversified−13
Portfolio Trend
18 quarters · across all stocks
Sector Breakdown
As of Mar 31, 2026| Sector | % Portfolio | Value |
|---|---|---|
| Consumer Cyclical | 41.7% | $83,701,319 |
| Financial Services | 24.1% | $48,368,787 |
| Technology | 21.3% | $42,772,331 |
| Healthcare | 13.0% | $26,026,271 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased
4 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| RPAY | Repay Holdings Corp | +5,252,111 | 9,242,837 | $24,031,376 | |
| OPRT | Oportun Financial Corp | +981,726 | 3,361,726 | $15,497,556 | |
| VMD | Viemed Healthcare, Inc. | +40,000 | 2,825,871 | $26,026,271 | |
| IIIV | i3 Verticals, Inc. | +30,000 | 579,401 | $12,955,406 | |
| No positions match the current search. | |||||
Trimmed
Positions the filer reduced
4 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| RUSHA | Rush Enterprises Inc \Tx\ | −192,000 | 47,822 | $3,161,512 | |
| MLKN | Millerknoll, Inc. | −90,000 | 1,471,841 | $21,282,820 | |
| MCFT | MasterCraft Boat Holdings, Inc. | −87,841 | 1,611,277 | $33,047,291 | |
| RM | Regional Management Corp. | −65,835 | 1,019,263 | $32,871,231 | |
| No positions match the current search. | |||||
New Positions
Positions the filer opened this quarterNo qualifying positions this quarter.
Sold Out
Positions the filer fully exitedNo qualifying positions this quarter.
10 positions ·
$200,868,708 total
· as of Mar 31, 2026
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| RUSHA |
Rush Enterprises Inc \Tx\
Consumer Cyclical
|
Reduced | 47,822 | $3,161,512 | 1.57% | |
| IMXI |
International Money Express, Inc.
Technology
|
Held | 366,174 | $5,785,549 | 2.88% | |
| IIIV |
i3 Verticals, Inc.
Technology
|
Added | 579,401 | $12,955,406 | 6.45% | |
| OPRT |
Oportun Financial Corp
Financial Services
|
Added | 3,361,726 | $15,497,556 | 7.72% | |
| MLKN |
Millerknoll, Inc.
Consumer Cyclical
|
Reduced | 1,471,841 | $21,282,820 | 10.60% | |
| RPAY |
Repay Holdings Corp
Technology
|
Added | 9,242,837 | $24,031,376 | 11.96% | |
| VMD |
Viemed Healthcare, Inc.
Healthcare
|
Added | 2,825,871 | $26,026,271 | 12.96% | |
| HOV |
Hovnanian Enterprises Inc
Consumer Cyclical
|
Held | 236,315 | $26,209,696 | 13.05% | |
| RM |
Regional Management Corp.
Financial Services
|
Reduced | 1,019,263 | $32,871,231 | 16.36% | |
| MCFT |
MasterCraft Boat Holdings, Inc.
Consumer Cyclical
|
Reduced | 1,611,277 | $33,047,291 | 16.45% |