Forager Capital Management, LLC Long-Term Concentrated

Location: Birmingham, AL

CIK: 0001802986 · Show all filings

Period: Q4 2025 (← Previous) (Next →)

Filing Date: Feb 17, 2026

Total Value: $221M (100.0% shares, 0.0% debt)

Holdings (11)

RM REGIONAL MGMT CORP 19.0%

Value $42.05M Shares 1,085,098 Est. Cost $34.47 Unrealized +10.8%

MCFT MASTERCRAFT BOAT HLDGS INC 14.5%

Value $32.13M Shares 1,699,118 Est. Cost $22.93 Unrealized -14.0%

MLKN MILLERKNOLL INC 12.9%

Value $28.55M Shares 1,561,841 Est. Cost $23.64 Unrealized -31.5%

HOV HOVNANIAN ENTERPRISES INC 10.4%

Value $23.05M Shares 236,315 Est. Cost $148.55 Unrealized -20.6%

VMD VIEMED HEALTHCARE INC 9.4%

Value $20.7M Shares 2,785,871 Est. Cost $6.99 Unrealized -2.0%

QIPT QUIPT HOME MEDICAL CORP 6.7%

Value $14.82M Shares 4,199,562 Est. Cost $3.37 Unrealized -21.4%

RPAY REPAY HLDGS CORP 6.6%

Value $14.57M Shares 3,990,726 Est. Cost $4.01 Unrealized 0.0%

IIIV I3 VERTICALS INC 6.3%

Value $13.84M Shares 549,401 Est. Cost $23.45 Unrealized +20.0%

RUSHA RUSH ENTERPRISES INC 5.9%

Value $12.94M Shares 239,822 Est. Cost $42.20 Unrealized +23.1%

OPRT OPORTUN FINL CORP 5.7%

Value $12.59M Shares 2,380,000 Est. Cost $6.23 Unrealized -15.4%

IMXI INTERNATIONAL MNY EXPRESS IN 2.5%

Value $5.624M Shares 366,174 Est. Cost $17.27 Unrealized -13.0%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
RM	REGIONAL MGMT CORP	1,085,098	$42.05M	19.0%	$34.47	+10.8%	COM	75902K106
MCFT	MASTERCRAFT BOAT HLDGS INC	1,699,118	$32.13M	14.5%	$22.93	-14.0%	COM	57637H103
MLKN	MILLERKNOLL INC	1,561,841	$28.55M	12.9%	$23.64	-31.5%	COM	600544100
HOV	HOVNANIAN ENTERPRISES INC	236,315	$23.05M	10.4%	$148.55	-20.6%	CL A NEW	442487401
VMD	VIEMED HEALTHCARE INC	2,785,871	$20.7M	9.4%	$6.99	-2.0%	COM	92663R105
QIPT	QUIPT HOME MEDICAL CORP	4,199,562	$14.82M	6.7%	$3.37	-21.4%	COM	74880P104
RPAY	REPAY HLDGS CORP	3,990,726	$14.57M	6.6%	$4.01	0.0%	COM CL A	76029L100
IIIV	I3 VERTICALS INC	549,401	$13.84M	6.3%	$23.45	+20.0%	COM CL A	46571Y107
RUSHA	RUSH ENTERPRISES INC	239,822	$12.94M	5.9%	$42.20	+23.1%	CL A	781846209
OPRT	OPORTUN FINL CORP	2,380,000	$12.59M	5.7%	$6.23	-15.4%	COM	68376D104
IMXI	INTERNATIONAL MNY EXPRESS IN	366,174	$5.624M	2.5%	$17.27	-13.0%	COM	46005L101