Managers / Q1 2026
STADIUM CAPITAL MANAGEMENT LLC
CIK 0001105087 · 199 ELM STREET, NEW CANAAN, CT, 06840-5321 · (203) 972-8235
Summary
Stadium Capital Management LLC reported $41M in U.S.-listed holdings across 6 positions for Q1 2026.
The portfolio is heavily concentrated: BLDR alone accounts for 32.2% of reported value.
The book was largely unchanged from Q4 2025.
Portfolio Metrics
Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.
Reported Value by Quarter
Portfolio Composition
- Common Stock · 100.0% · $41M
Quarter-over-Quarter Changes full breakdown →
vs Q4 2025 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| LCIILCI Industries | TRIMMED | −126.2K | 41.7K | −$15M | $5M |
| GTLBGitlab Inc | TRIMMED | −40.0K | 44.7K | −$2M | $966,940 |
| BCBrunswick Corp/DE | TRIMMED | −99.6K | 133.7K | −$8M | $10M |
| SL2Sleep Number Corp | HELD | +0 | 2.62M | −$17M | $5M |
| BLDRBuilders FirstSource Inc | HELD | +0 | 158.9K | −$3M | $13M |
| DKSDick's Sporting Goods Inc | HELD | +0 | 35.3K | +$11,303 | $7M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q1 2026
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | BLDRBuilders FirstSource Inchistory → | COM | 32.22% | $13M | 158.9K |
| 2 | BCBrunswick Corp/DEhistory → | COM | 23.95% | $10M | 133.7K |
| 3 | DKSDick's Sporting Goods Inchistory → | COM | 17.25% | $7M | 35.3K |
| 4 | LCIILCI Industrieshistory → | COM | 12.64% | $5M | 41.7K |
| 5 | SL2Sleep Number Corphistory → | COM | 11.57% | $5M | 2.62M |
| 6 | GTLBGitlab Inchistory → | CLASS A COM | 2.38% | $966,940 | 44.7K |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q1 2026 | $41M | 6 | May 15, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q4 2025 | $86M | 6 | Feb 17, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q3 2025 | $94M | 7 | Nov 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q2 2025 | $109M | 7 | Aug 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q1 2025 | $109M | 9 | May 15, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q4 2024 | $118M | 10 | Feb 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q3 2024 | $133M | 11 | Nov 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q2 2024 | $91M | 9 | Aug 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q1 2024 | $126M | 9 | May 15, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q4 2023 | $119M | 10 | Feb 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q3 2023 | $111M | 10 | Nov 14, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q2 2023 | $118M | 15 | Aug 23, 2023 | RESTATEMENT | changes · EDGAR ↗ |
| Q1 2023REVEALED | $147M | 10 | May 15, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q4 2022 | $147M | 11 | Feb 14, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q3 2022 | $168M | 11 | Nov 14, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q2 2022 | $184M | 10 | Aug 15, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q1 2022 | $211M | 10 | May 16, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q4 2021 | $266M | 10 | Feb 14, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q3 2021 | $229M | 11 | Nov 15, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q2 2021 | $207M | 11 | Aug 16, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q1 2021 | $214M | 10 | May 17, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q4 2020 | $200M | 9 | Feb 16, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q3 2020 | $211M | 14 | Nov 16, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q2 2020 | $249M | 13 | Aug 14, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q1 2020 | $176M | 14 | May 15, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q4 2019 | $74M | 8 | Feb 14, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q3 2019 | $166M | 10 | Nov 14, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q2 2019 | $217M | 11 | Aug 14, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q1 2019 | $188M | 14 | May 15, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q4 2018 | $242M | 15 | Feb 14, 2019 | 13F-HR | changes · EDGAR ↗ |
13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.