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Forager

Dec 2024 → Oct 2026 · Publishes quarterly · 6 funds

Our archive holds 12 letters from Forager, behind 28 investment theses and positions in 33 companies. Every quote below is copied verbatim from the letter it came from.

Writes about

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12
Letters
33
Companies
11
Moves
28
Theses

5 strategies

Forager publishes a letter per strategy. Each one has its own page with what it holds, what it bought and what it wrote.

Returns as reported in each strategy’s latest letter, extracted automatically and not verified by us; one share class, in its own currency. Not investment advice. Past performance does not predict future returns.

Also filed under Forager Funds.

What they bought and sold · 11 moves

  • ExitedWix.com Ltd.
    October 2026
    “We sold Wix.com (NASDAQ:WIX) and trimmed Sage Group (LSE:SGE), adding to building materials supplier CRH (NYSE:CRH) and engineering consultancy Tetra Tech (NASDAQ:TTEK).”
    Read the letter
  • TrimmedSage Group plc
    October 2026
    “We sold Wix.com (NASDAQ:WIX) and trimmed Sage Group (LSE:SGE), adding to building materials supplier CRH (NYSE:CRH) and engineering consultancy Tetra Tech (NASDAQ:TTEK).”
    Read the letter
  • AddedCRH plc
    October 2026
    “We sold Wix.com (NASDAQ:WIX) and trimmed Sage Group (LSE:SGE), adding to building materials supplier CRH (NYSE:CRH) and engineering consultancy Tetra Tech (NASDAQ:TTEK).”
    Read the letter
  • AddedTetra Tech, Inc.
    October 2026
    “We sold Wix.com (NASDAQ:WIX) and trimmed Sage Group (LSE:SGE), adding to building materials supplier CRH (NYSE:CRH) and engineering consultancy Tetra Tech (NASDAQ:TTEK).”
    Read the letter
  • AddedOFX Group
    September 2026
    “We continue to believe that OFX’s client base, platform and global licenses represent an attractive target for Equals and other would-be acquirers and have topped up the Fund’s holding.”
    Read the letter
  • ExitedBravura Solutions
    September 2026
    “After last month’s strong result propelled the business back to fuller valuations, we sold the stock once again.”
    Read the letter
  • AddedWix.com
    September 2026
    “Wix shares are up 45% since the Fund first invested at the beginning of July, and 78% from the June low.”
    Read the letter
  • ExitedBuilders FirstSource
    September 2026
    “By September, the Fund had sold its remaining shares.”
    Read the letter
  • New positionHansen
    September 2026
    “The Fund has also made a new investment in Hansen (ASX:HSN), a billing and customer management software provider for utilities and telecommunications companies which the Fund has owned in years past.”
    Read the letter
  • ExitedCuscal
    September 2026
    “With the easier re-rating largely captured and the stock trading at about $6.00 per share, the Fund exited the investment during September.”
    Read the letter
  • AddedNutex Health
    March 2025
    “This micro-cap US healthcare provider was first purchased in August 2024 and now sits among the portfolio’s largest positions.”
    Read the letter

Companies held · 33

Every company Forager has disclosed a position in across our archive, with the letter that last mentioned it.

Theses · 28

Letter archive · 12

2026

2025

2024

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