Forager Capital Management, LLC
•CIK: 1802986•Filing: Q4 2025
**Forager Capital Management, LLC** manages $221M across a concentrated portfolio of 11 positions. The fund exhibits significant conviction in technology and specialized sectors, with top holdings including RM at $42.0M and MCFT at $32.1M. Further notable allocations include MLKN ($28.6M) and HOV ($23.1M), indicating targeted exposure across diverse market segments. This structure suggests a highly selective, bottom-up approach to capital deployment.
Total AUM
$220.9M
QoQ Performance
-2.6%
Positions
11
Top 10 Concentration
97.5%
Latest Filing
Q4 2025
Top Holdings Allocation
RM
MCFT
MLKN
HOV
VMD
QIPT
RPAY
IIIV
RM19.0%
MCFT14.5%
MLKN12.9%
HOV10.4%
VMD9.4%
QIPT6.7%
RPAY6.6%
IIIV6.3%
📈 Biggest Buys
📉 Biggest Sells
Sector Breakdown
Other100.0%
🚪 Exited Positionssold since Q3 2025
Changes from Q3 2025
NEW1 new position
↑3 increased
↓4 decreased
Historical Filings
Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023