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FCM
Forager Capital Management Portfolio holdings
AUM
$266M
1-Year Est. Return
40%
This Fund
S&P 500
This Quarter
Est. Return
+30.59%
1 Year Est. Return
+40%
3 Year Est. Return
+52.62%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$266M
AUM Growth
+$65.1M
(+32%)
Cap. Flow
+$8.41M
Cap. Flow
% of AUM
3.16%
Top 10 Holdings %
Top 10 Hldgs %
100%
Holding
11
New
1
Increased
4
Reduced
5
Closed
1
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
ICF International
ICFI
|
+$16.3M |
| 2 |
Repay Holdings
RPAY
|
+$6.48M |
| 3 |
Oportun Financial
OPRT
|
+$6.16M |
| 4 |
i3 Verticals
IIIV
|
+$5.94M |
| 5 |
MillerKnoll
MLKN
|
+$1.44M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Hovnanian Enterprises
HOV
|
+$9.92M |
| 2 |
Viemed Healthcare
VMD
|
+$6.78M |
| 3 |
MasterCraft Boat Holdings
MCFT
|
+$3.73M |
| 4 |
Rush Enterprises Class A
RUSHA
|
+$3.16M |
| 5 |
Regional Management Corp
RM
|
+$2.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 34.11% |
| 2 | Technology | 25.87% |
| 3 | Financials | 24.38% |
| 4 | Healthcare | 9.18% |
| 5 | Industrials | 6.46% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Repay Holdings
RPAY
$310M
| $46.6M | 17.54% |
11,106,548
+1,863,711
| +20% | +$6.48M |
|
|
2
Regional Management Corp
RM
$300M
| $39.1M | 14.69% |
948,458
-70,805
| -7% | -$2.6M |
|
|
3
MasterCraft Boat Holdings
MCFT
$579M
| $37.5M | 14.09% |
1,451,074
-160,203
| -10% | -$3.73M |
|
|
4
MillerKnoll
MLKN
$1.58B
| $32M | 12.02% |
1,561,841
+90,000
| +6% | +$1.44M |
|
|
5
Oportun Financial
OPRT
$338M
| $25.8M | 9.69% |
4,512,045
+1,150,319
| +34% | +$6.16M |
|
|
6
Viemed Healthcare
VMD
$336M
| $24.4M | 9.18% |
2,141,184
-684,687
| -24% | -$6.78M |
|
|
7
Hovnanian Enterprises
HOV
$760M
| $21.3M | 8.01% |
149,547
-86,768
| -37% | -$9.92M |
|
|
8
i3 Verticals
IIIV
$293M
| $18.5M | 6.94% |
864,574
+285,173
| +49% | +$5.94M |
|
|
9
ICF International
ICFI
$1.62B
| $17.2M | 6.46% |
+235,900
| New | +$16.3M |
|
10
International Money Express
IMXI
$437M
| $3.67M | 1.38% |
254,121
-112,053
| -31% | -$1.72M |
|
|
11
Rush Enterprises Class A
RUSHA
$8.27B
| – | – |
-47,822
| Closed | -$3.16M |
|
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Forager Capital Management's Q2 2026 Portfolio in Review
As of Q2 2026, Forager Capital Management held 11 positions worth $266M, up 32% from $201M the previous quarter. Its ten largest holdings account for 100% of the portfolio.
Forager Capital Management deployed $8.41M of net new capital in Q2 2026, opening 1 new position and adding to 4 existing holdings. Its largest new stake was ICF International: 235,900 shares worth $17.2M.
By sector, the portfolio is most concentrated in Consumer Discretionary at 34% of assets, down from 42% a quarter earlier, followed by Technology and Financials.
On the sell side, the largest reduction was Hovnanian Enterprises, an estimated $9.92M trimmed.
- Forager Capital Management's largest Q2 2026 buy was ICF International: 235,900 shares worth $17.2M.
- Forager Capital Management added most to Repay Holdings in Q2 2026, an estimated $6.48M increase.
- Forager Capital Management's biggest Q2 2026 reduction was Hovnanian Enterprises, cutting an estimated $9.92M.
- Forager Capital Management fully exited Rush Enterprises Class A in Q2 2026, selling an estimated $3.16M.
- Forager Capital Management's ten largest holdings make up 100% of its $266M portfolio in Q2 2026.
- Forager Capital Management opened 1 new position and closed 1 in Q2 2026.
- Forager Capital Management's portfolio value rose 32% quarter-over-quarter to $266M.
Based on Forager Capital Management's 13F filing for Q2 2026, filed 14 Aug 2026.