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FCM
Forager Capital Management Portfolio holdings
AUM
$266M
Turnover
18.18%
1-Year Est. Return
40%
This Fund
S&P 500
This Quarter
Est. Return
-11.16%
1 Year Est. Return
+40%
3 Year Est. Return
+52.62%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$202M
AUM Growth
-$36.7M
(-15%)
Cap. Flow
-$7.48M
Cap. Flow
% of AUM
-3.7%
Top 10 Holdings %
Top 10 Hldgs %
96.87%
Holding
13
New
–
Increased
4
Reduced
2
Closed
2
Avg Time Held
2.4
years
Top 10 Avg Time Held
1.9
years
Top 20 Avg Time Held
2.4
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Willdan Group
WLDN
|
+$7.1M |
| 2 |
International Money Express
IMXI
|
+$5.99M |
| 3 |
Hovnanian Enterprises
HOV
|
+$1.64M |
| 4 |
Viemed Healthcare
VMD
|
+$1.48M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Garrett Motion
GTX
|
+$9.04M |
| 2 |
Regional Management Corp
RM
|
+$6.26M |
| 3 |
Commercial Vehicle Group
CVGI
|
+$4.8M |
| 4 |
Century Communities
CCS
|
+$3.58M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 43.51% |
| 2 | Technology | 18.65% |
| 3 | Financials | 13.39% |
| 4 | Industrials | 12.74% |
| 5 | Healthcare | 11.71% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
MasterCraft Boat Holdings
MCFT
$485M
| $29.2M | 14.46% |
1,697,695
| – | – |
2021 Q4
13 quarters
|
|
|
2
Regional Management Corp
RM
$318M
| $27.1M | 13.39% |
899,026
-187,076
| -17% | -$6.26M |
2021 Q4
13 quarters
|
|
|
3
Willdan Group
WLDN
$1.09B
| $25.8M | 12.74% |
632,384
+191,945
| +44% | +$7.1M |
2021 Q4
13 quarters
|
|
4
MillerKnoll
MLKN
$1.49B
| $22.6M | 11.19% |
1,181,841
| – | – |
2021 Q4
13 quarters
|
|
|
5
Hovnanian Enterprises
HOV
$602M
| $21.2M | 10.5% |
202,672
+13,604
| +7% | +$1.64M |
2024 Q2
3 quarters
|
|
6
i3 Verticals
IIIV
$299M
| $18.9M | 9.34% |
765,000
| – | – |
2024 Q4
1 quarter
|
|
|
7
International Money Express
IMXI
$320M
| $18.8M | 9.31% |
1,491,174
+350,000
| +31% | +$5.99M |
2022 Q1
12 quarters
|
|
|
8
Viemed Healthcare
VMD
$371M
| $13.9M | 6.86% |
1,905,802
+188,304
| +11% | +$1.48M |
2022 Q4
9 quarters
|
|
|
QIPT
9
DELISTED
Quipt Home Medical
QIPT
| $9.78M | 4.84% |
4,199,562
| – | – |
2024 Q2
3 quarters
|
|
10
Rush Enterprises Class A
RUSHA
$5.24B
| $8.54M | 4.22% |
239,733
| – | – |
2021 Q4
13 quarters
|
|
|
11
Garrett Motion
GTX
$4.56B
| $6.33M | 3.13% |
756,095
-975,000
| -56% | -$9.04M |
2021 Q4
13 quarters
|
|
|
12
Century Communities
CCS
$1.58B
| – | – |
-48,811
| Closed | -$3.58M | – |
|
|
13
Commercial Vehicle Group
CVGI
$114M
| – | – |
-1,937,099
| Closed | -$4.8M | – |
|
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Forager Capital Management's Q1 2025 Portfolio in Review
As of Q1 2025, Forager Capital Management held 13 positions worth $202M, down 15% from $239M the previous quarter. Its ten largest holdings account for 97% of the portfolio.
Forager Capital Management withdrew a net $7.48M in Q1 2025, closing 2 positions and reducing 2 holdings. Its most notable exit was Commercial Vehicle Group, an estimated $4.8M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 44% of assets, down from 48% a quarter earlier, followed by Technology and Financials.
Against the trend, Forager Capital Management added an estimated $7.1M to Willdan Group.
- Forager Capital Management added most to Willdan Group in Q1 2025, an estimated $7.1M increase.
- Forager Capital Management's biggest Q1 2025 reduction was Garrett Motion, cutting an estimated $9.04M.
- Forager Capital Management fully exited Commercial Vehicle Group in Q1 2025, selling an estimated $4.8M.
- Forager Capital Management's ten largest holdings make up 97% of its $202M portfolio in Q1 2025.
- Forager Capital Management opened 0 new positions and closed 2 in Q1 2025.
- Forager Capital Management's portfolio value fell 15% quarter-over-quarter to $202M.
Based on Forager Capital Management's 13F filing for Q1 2025, filed 15 May 2025.