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Livermore
Livermore
ZHEN

Forager Capital Management, LLC

SEC CIK
0001802986
Latest filing
Aug 14, 2026

The latest 13F from Forager Capital Management, LLC covers Q2 2026 (filed Aug 14, 2026): 10 long positions worth $265.9M. The top 10 holdings make up 100.0% of the portfolio, and the largest is Repay Holdings Corp (RPAY) at 17.5%. Livermore has 20 filings on Form 13F from this institution, going back to Q4 2021.

What changed in Q2 2026

Share counts compared with Q1 2026: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
1
Est. +$17.2M
Added
4
Est. +$22.3M
Reduced
5
Est. −$28.8M
Sold out
1
Est. −$3.16M

Top 5 holdings

Share of this quarter's portfolio value

  1. RPAYRepay Holdings Corp
    17.5%$46.6MHistory
  2. RMRegional Management Corp.
    14.7%$39.1MHistory
  3. MCFTMasterCraft Boat Holdings, Inc.
    14.1%$37.5MHistory
  4. MLKNMillerknoll, Inc.
    12.0%$32.0MHistory
  5. OPRTOportun Financial Corp
    9.7%$25.8MHistory

Biggest buys

New and added positions, by estimated amount bought

  1. ICFIICF International, Inc.
    +$17.2MNewHistory
  2. RPAYRepay Holdings Corp
    +$7.83MAddedHistory
  3. OPRTOportun Financial Corp
    +$6.57MAddedHistory
  4. IIIVi3 Verticals, Inc.
    +$6.09MAddedHistory
  5. MLKNMillerknoll, Inc.
    +$1.84MAddedHistory

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. ICFIICF International, Inc.
    +6.46 pp0.0% → 6.5%History
  2. RPAYRepay Holdings Corp
    +5.58 pp12.0% → 17.5%History
  3. OPRTOportun Financial Corp
    +1.97 pp7.7% → 9.7%History
  4. MLKNMillerknoll, Inc.
    +1.42 pp10.6% → 12.0%History
  5. IIIVi3 Verticals, Inc.
    +0.49 pp6.4% → 6.9%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. HOVHovnanian Enterprises Inc
    −$12.4MReducedHistory
  2. VMDViemed Healthcare, Inc.
    −$7.81MReducedHistory
  3. MCFTMasterCraft Boat Holdings, Inc.
    −$4.14MReducedHistory
  4. RUSHARush Enterprises Inc
    −$3.16MSold outHistory
  5. RMRegional Management Corp.
    −$2.92MReducedHistory

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. HOVHovnanian Enterprises Inc
    −5.04 pp13.0% → 8.0%History
  2. VMDViemed Healthcare, Inc.
    −3.78 pp13.0% → 9.2%History
  3. MCFTMasterCraft Boat Holdings, Inc.
    −2.36 pp16.5% → 14.1%History
  4. RMRegional Management Corp.
    −1.67 pp16.4% → 14.7%History
  5. RUSHARush Enterprises Inc
    −1.57 pp1.6% → 0.0%History

Metrics

13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.

Portfolio value
$265.9M
+$65.1M (+32.4%) vs. prior quarter
Positions
10
0 vs. prior quarter
Top 10 concentration
100.0%
Top 10 as share of value
Turnover
13.7%
Q2 2026, one quarter
Average holding period
11.6 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q4 2021), so positions held before then are understated.

13F filings by quarter

19 quarters, going back to Q4 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $299.9M (Q2 2023)

Q4 2021: $205.9MQ1 2022: $217.7MQ2 2022: $209.3MQ3 2022: $160.6MQ4 2022: $234.7MQ1 2023: $271.3MQ2 2023: $299.9MQ3 2023: $232.9MQ4 2023: $244.7MQ1 2024: $259.0MQ2 2024: $233.5MQ3 2024: $254.3MQ4 2024: $238.8MQ1 2025: $202.1MQ2 2025: $204.5MQ3 2025: $226.7MQ4 2025: $220.9MQ1 2026: $200.9MQ2 2026: $265.9M
Q4 2021Q2 2026
13F filings of Forager Capital Management, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 14, 202610$265.9MRPAYRMMCFTvs. Q1 2026SEC
Q1 2026May 15, 202610$200.9MMCFTRMHOVvs. Q4 2025SEC
Q4 2025Feb 17, 202611$220.9MRMMCFTMLKNvs. Q3 2025SEC
Q3 2025Nov 14, 202511$226.7MRMMCFTHOVvs. Q2 2025SEC
Q2 2025Aug 13, 202511$204.5MMCFTRMMLKNvs. Q1 2025SEC
Q1 2025May 15, 202511$202.1MMCFTRMWLDNvs. Q4 2024SEC
Q4 2024Feb 14, 202513$238.8MRMMCFTMLKNvs. Q3 2024SEC
Q3 2024Nov 18, 2024Amended13$254.3MRMWLDNMCFTvs. Q2 2024SEC
Q2 2024Aug 14, 202414$233.5MWLDNRMMCFTvs. Q1 2024SEC
Q1 2024May 15, 202412$259.0MWLDNMCFTRMvs. Q4 2023SEC
Q4 2023Feb 14, 202413$244.7MWLDNCCSRMvs. Q3 2023SEC
Q3 2023Nov 14, 202314$232.9MWLDNRMCCSvs. Q2 2023SEC
Q2 2023Aug 14, 202313$299.9MMCFTCCSWLDNvs. Q1 2023SEC
Q1 2023May 15, 202313$271.3MCCSMCFTRMvs. Q4 2022SEC
Q4 2022Feb 14, 202313$234.7MWLDNMCFTCCSvs. Q3 2022SEC
Q3 2022Nov 14, 202212$160.6MWLDNCCSMCFTvs. Q2 2022SEC
Q2 2022Aug 12, 202214$209.3MWLDNMCFTCCSvs. Q1 2022SEC
Q1 2022May 16, 202213$217.7MWLDNRMMCFTvs. Q4 2021SEC
Q4 2021Feb 14, 202213$205.9MWLDNCCSRM–SEC

13D and 13G filings

Companies where Forager Capital Management, LLC reports owning 5% or more on Schedule 13D or 13G, and its latest filings.

Current stakes of 5% or more

4 companies, largest stake first.

Companies where Forager Capital Management, LLC owns 5% or more
CompanyLatest formStakeChangeFirst filedLatest filingFiling
RMRegional Management Corp.13G/A10.50%1.04M shares+1.40 ppfrom 9.10%Jan 10, 20233 filingsJun 11, 2025SEC
RPAYRepay Holdings Corp13G/A10.00%8.60M shares+4.10 ppfrom 5.90%Jan 23, 20262 filingsMar 11, 2026SEC
OPRTOportun Financial Corp13G/A9.80%4.51M shares+1.90 ppfrom 7.90%Oct 15, 20253 filingsJul 23, 2026SEC
MCFTMasterCraft Boat Holdings, Inc.13G/A6.00%1.45M shares−2.90 ppfrom 8.90%Jul 23, 20262 filingsAug 6, 2026SEC

Latest filings

42 filings on file made by Forager Capital Management, LLC or listing it as a reporting person; the latest 20 are shown.

Schedule 13D and 13G filings by Forager Capital Management, LLC
CompanyFiled (ET)FilerFormStakeChangeEvent dateFiling
MCFTMasterCraft Boat Holdings, Inc.Aug 6, 20264:47 PM ETForager Capital Management, LLCand 3 others13G/A6.00%1.45M shares−2.90 ppfrom 8.90%Jun 30, 2026SEC
VMDViemed Healthcare, Inc.Jul 24, 20262:50 PM ETForager Capital Management, LLCand 3 others13G/A4.90%1.89M shares−2.30 ppfrom 7.20%Below 5%Jun 30, 2026SEC
OPRTOportun Financial CorpJul 23, 20262:45 PM ETForager Capital Management, LLCand 3 others13G/A9.80%4.51M shares+1.90 ppfrom 7.90%Jun 30, 2026SEC
MCFTMasterCraft Boat Holdings, Inc.Jul 23, 20262:44 PM ETForager Capital Management, LLCand 3 others13G/A8.90%1.45M shares–Jun 30, 2026SEC
RPAYRepay Holdings CorpJun 29, 20268:39 AM ETForager Fund, L.P.and 3 others13D/A12.40%11.1M shares0.00 ppfrom 12.40%Jun 26, 2026SEC
RPAYRepay Holdings CorpJun 3, 20263:59 PM ETForager Fund, L.P.and 3 others13D/A12.40%11.1M shares0.00 ppfrom 12.40%Jun 3, 2026SEC
RPAYRepay Holdings CorpMay 27, 20269:05 AM ETForager Fund, L.P.and 3 others13D/A12.40%11.1M shares0.00 ppfrom 12.40%May 27, 2026SEC
RPAYRepay Holdings CorpMay 18, 20268:12 PM ETForager Fund, L.P.and 3 others13D/A12.40%11.1M shares−0.50 ppfrom 12.90%May 18, 2026SEC
OPRTOportun Financial CorpApr 21, 20264:51 PM ETForager Capital Management, LLCand 3 others13G/A7.90%3.51M shares+2.80 ppfrom 5.10%Mar 31, 2026SEC
RPAYRepay Holdings CorpApr 17, 20261:53 PM ETForager Fund, L.P.and 3 others13D/A12.90%11.1M shares0.00 ppfrom 12.90%Apr 17, 2026SEC
RPAYRepay Holdings CorpApr 13, 20265:06 PM ETForager Fund, L.P.and 3 others13D/A12.90%11.1M shares+1.00 ppfrom 11.90%Apr 9, 2026SEC
RPAYRepay Holdings CorpApr 3, 20265:32 PM ETForager Fund, L.P.and 3 others13D/A11.90%10.2M shares+1.90 ppfrom 10.00%Apr 1, 2026SEC
QIPTQuipt Home Medical Corp.Mar 16, 20261:46 PM ETForager Fund, L.P.and 3 others13D/A0.00%0 shares−9.50 ppfrom 9.50%Below 5%Mar 16, 2026SEC
RPAYRepay Holdings CorpMar 11, 20264:05 PM ETForager Capital Management, LLCand 3 others13G/A10.00%8.60M shares+4.10 ppfrom 5.90%Mar 9, 2026SEC
RPAYRepay Holdings CorpJan 23, 202612:31 PM ETForager Capital Management, LLCand 3 others13G5.90%5.04M sharesNewJan 15, 2026SEC
QIPTQuipt Home Medical Corp.Dec 16, 20258:23 PM ETForager Fund, L.P.and 3 others13D/A9.50%4.20M shares−0.20 ppfrom 9.70%Dec 14, 2025SEC
VMDViemed Healthcare, Inc.Nov 7, 20254:05 PM ETForager Capital Management, LLCand 3 others13G/A7.20%2.74M shares+1.70 ppfrom 5.50%Sep 30, 2025SEC
OPRTOportun Financial CorpOct 15, 20254:05 PM ETForager Capital Management, LLCand 3 others13G5.10%2.24M sharesNewOct 13, 2025SEC
IMXIInternational Money Express, Inc.Oct 14, 20254:16 PM ETForager Capital Management, LLCand 3 others13G/A2.40%724.0K shares−4.10 ppfrom 6.50%Below 5%Sep 30, 2025SEC
QIPTQuipt Home Medical Corp.Aug 25, 20258:31 AM ETForager Fund, L.P.and 3 others13D/A9.70%4.20M shares0.00 ppfrom 9.70%Aug 25, 2025SEC