Forager Capital Management’s i3 Verticals IIIV Stock Holding History

Forager Capital Management’s Portfolio IIIV Stock Details IIIV Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2026 Q2	$18.5M	Buy	864,574 +285,173	+49%	+$5.94M	6.94%	8
2026 Q1	$13M	Buy	579,401 +30,000	+5%	+$698K	6.45%	8
2025 Q4	$13.8M	Sell	549,401 -115,599	-17%	-$3.25M	6.27%	8
2025 Q3	$21.6M	Hold	665,000	–	–	9.52%	5
2025 Q2	$18.3M	Sell	665,000 -100,000	-13%	-$2.51M	8.94%	6
2025 Q1	$18.9M	Hold	765,000	–	–	9.34%	6
2024 Q4	$17.6M	Buy	+765,000	New	+$17.9M	7.38%	6

Other funds holding IIIV

BlackRock New York $6.73T AUM 46.02% 1-Year Est. Return

GCM

Geneva Capital Management Milwaukee, Wisconsin $4.36B AUM 17.81% 1-Year Est. Return

AltraVue Capital Bellevue, Washington $1.39B AUM 53.77% 1-Year Est. Return

Crosslink Capital Menlo Park, California $1.35B AUM 35.86% 1-Year Est. Return

PAIM

Punch & Associates Investment Management Edina, Minnesota $2.02B AUM 40.6% 1-Year Est. Return

NRCM

North Reef Capital Management Laguna Beach, California $2.61B AUM 11.5% 1-Year Est. Return

Heartland Advisors Milwaukee, Wisconsin $2.25B AUM 44.61% 1-Year Est. Return

Jennison Associates New York $167B AUM 44.17% 1-Year Est. Return

Vanguard Capital Management Malvern, Pennsylvania $4.68T AUM

First Eagle Investment Management New York $60.8B AUM 26.63% 1-Year Est. Return

Forager Capital Management's IIIV Position: Q2 2026 in Review

Forager Capital Management increased its i3 Verticals (IIIV) stake by 49% in Q2 2026, buying an estimated $5.94M and bringing the position to 864,574 shares worth $18.5M. The position accounts for 6.94% of the portfolio, ranked #8.

Forager Capital Management first reported a position in IIIV in Q4 2024 and has held it in 7 quarters since. The position peaked at $21.6M in Q3 2025. 134 funds tracked by Wall St. Rank hold IIIV as of Q2 2026.

Forager Capital Management held 864,574 shares of i3 Verticals worth $18.5M as of Q2 2026.
Forager Capital Management bought 285,173 i3 Verticals shares in Q2 2026, an estimated $5.94M.
i3 Verticals made up 6.94% of Forager Capital Management's portfolio in Q2 2026, its #8 holding.
Forager Capital Management first reported a position in i3 Verticals in Q4 2024 and has held it in 7 quarters since.
Forager Capital Management's i3 Verticals position peaked at $21.6M in Q3 2025.
134 funds tracked by Wall St. Rank held i3 Verticals as of Q2 2026.

Based on Forager Capital Management's 13F filing for Q2 2026, filed 14 Aug 2026.