Forager Capital Management 13F annual report
Forager Capital Management is an investment fund managing more than $234 billion ran by Johnny Wilhelm. There are currently 14 companies in Mr. Wilhelm’s portfolio. The largest investments include Willdan Inc and Regional Mgmt Corp, together worth $72.9 billion.
$234 billion Assets Under Management (AUM)
As of 7th August 2024, Forager Capital Management’s top holding is 1,443,995 shares of Willdan Inc currently worth over $41.7 billion and making up 17.8% of the portfolio value.
Relative to the number of outstanding shares of Willdan Inc, Forager Capital Management owns more than 0.1% of the company.
In addition, the fund holds 1,086,102 shares of Regional Mgmt Corp worth $31.2 billion.
The third-largest holding is MasterCraft Boat Inc worth $24.7 billion and the next is International Mny Express In worth $20 billion, with 961,174 shares owned.
Currently, Forager Capital Management's portfolio is worth at least $234 billion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Forager Capital Management
The Forager Capital Management office and employees reside in Birmingham, Alabama. According to the last 13-F report filed with the SEC, Johnny Wilhelm serves as the Partner at Forager Capital Management.
Recent trades
In the most recent 13F filing, Forager Capital Management revealed that it had opened a new position in
Hovnanian Enterprises and bought 113,000 shares worth $16 billion.
This means they effectively own approximately 0.1% of the company.
Hovnanian Enterprises makes up
33.3%
of the fund's Consumer Discretionary sector allocation and has grown its share price by 76.2% in the past year.
The investment fund also strengthened its position in Regional Mgmt Corp by buying
102,416 additional shares.
This makes their stake in Regional Mgmt Corp total 1,086,102 shares worth $31.2 billion.
On the other hand, Johnny Wilhelm disclosed a decreased stake in Willdan Inc by 0.2%.
This leaves the value of the investment at $41.7 billion and 1,443,995 shares.
One of the smallest hedge funds
The two most similar investment funds to Forager Capital Management are Siguler Guff Advisers and Northeast. They manage $233 billion and $233 billion respectively.
Johnny Wilhelm investment strategy
Forager Capital Management’s portfolio is diversified across 4 sectors.
Currently, their heaviest sector is Industrials — making up 31.1% of
the total portfolio value.
The fund focuses on investments in the United States as
50.0% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are small-cap stocks.
Stocks with a size of more than $100 million in market cap make up
7% of the total holdings value.
On the other hand, large-cap stocks make up only approximately 0.1% of the portfolio.
The average market cap of the portfolio companies is close to $599 million.
The complete list of Forager Capital Management trades based on 13F SEC filings
These positions were updated on August 14th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Willdan Group Inc |
24.00%
1,443,995
|
$41,659,256,000 | 17.84% |
| Regional Mgmt Corp |
10.41%
1,086,102
|
$31,214,571,000 | 13.37% |
| MasterCraft Boat Holdings Inc |
26.03%
1,307,290
|
$24,681,635,000 | 10.57% |
| International Mny Express In |
No change
961,174
|
$20,030,866,000 | 8.58% |
| Millerknoll Inc |
7.10%
653,841
|
$17,320,248,000 | 7.42% |
| Rush Enterprises Inc |
No change
403,089
|
$16,877,336,000 | 7.23% |
| Commercial Veh Group Inc |
4.31%
3,437,771
|
$16,845,078,000 | 7.21% |
| Hovnanian Enterprises, Inc. |
Opened
113,000
|
$16,036,960,000 | 6.87% |
| Garrett Motion Inc |
No change
1,731,095
|
$14,870,106,000 | 6.37% |
| Viemed Healthcare Inc |
No change
1,717,498
|
$11,249,612,000 | 4.82% |
| Century Cmntys Inc |
54.30%
105,193
|
$8,590,060,000 | 3.68% |
| Quipt Home Medical Corp |
Opened
2,358,972
|
$7,595,890,000 | 3.25% |
| Eastern Co. |
48.07%
243,013
|
$6,189,541,000 | 2.65% |
| Delta Apparel Inc. |
No change
595,025
|
$345,115,000 | 0.15% |
| No transactions found | |||
| Showing first 500 out of 14 holdings | |||
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