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Forager Capital Management

I. Basics

Forager Capital Management is an SEC-registered investment adviser focused on small-cap equities through pooled vehicles like Forager Fund, L.P. and FCM Homebuilder, LLC. Founded in 2011, it is owned by Robert MacArthur, Edward Kissel IV, and Jonathan Wilhelm. The firm targets undervalued securities with catalysts for revaluation, investing mainly in public equities under $500M, and may also use long/short positions, derivatives, and selective private investments.

II. Letters & Presentations

III. Live "significant" companies
Companies with fund stakes involved in activist actions such as 13D filing(s) or proxy campaign(s).
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