Coliseum Capital Management, LLC

Rowayton, CT · CIK 1409751 · 13F filing filed 2025-08-14

SEC-registered investment adviser since 2012 · limited liability company

Assets managed$2.3bn
Staff15 · 7 in investment roles
Main clients (by assets)Private funds 84%, Companies 16%
Private funds4 (2 hedge) · $1.9bn gross assets
Form ADV · 2026-03-30SEC adviser record

Legal entityCOLISEUM CAPITAL MANAGEMENT, LLC (US)

$1.4bn reported value +16.3% vs Q1 2025

17positions

91.4%in top 10

0 new 7 added 5 reduced 0 sold out vs Q1 2025

This report includes the holdings of 2 other managers that share the investment decisions:

Gray Adam – reports through this filing
Shackelton Christopher S – reports through this filing

Shares in two reports are counted once in each security's totals.

Holdings, Q2 2025

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	GMS INC COM COM		3,825,151	$416.0m29.86%	29.86%	Added +387.7k	+387,663 11.3%
2	HERC HLDGS INC COM HRI	HRI	1,773,603	$233.6m16.77%	16.77%	Added +463.6k	+463,614 35.4%
3	SONOS INC COM SONO	SONO	13,193,104	$142.6m10.24%	10.24%	Added +1.4m	+1,417,522 12.0%
4	OWENS & MINOR INC NEW COM ACH	ACH	11,562,955	$105.2m7.55%	7.55%	Added +938.4k	+938,356 8.8%
5	UNIVERSAL TECHNICAL INST INC COM UTI	UTI	2,716,267	$92.1m6.61%	6.61%	Reduced -2.4m	-2,429,488 -47.2%
6	BUILDERS FIRSTSOURCE INC COM BLDR	BLDR	638,210	$74.5m5.35%	5.35%	Added +83.2k	+83,169 15.0%
7	MASTERCRAFT BOAT HLDGS INC COM MCFT	MCFT	3,562,615	$66.2m4.75%	4.75%	Unchanged
8	GILDAN ACTIVEWEAR INC COM GIL	GIL	1,005,018	$49.5m3.55%	3.55%	Reduced -779.6k	-779,600 -43.7%
9	MASTERBRAND INC COMMON STOCK MBC	MBC	4,304,081	$47.0m3.38%	3.38%	Added +1.1m	+1,125,162 35.4%
10	NCR ATLEOS CORPORATION COM SHS NATL	NATL	1,621,023	$46.2m3.32%	3.32%	Added +694.7k	+694,721 75.0%
11	PURPLE INNOVATION INC COM PRPL	PRPL	46,855,291	$34.2m2.45%	2.45%	Unchanged
12	WILLSCOT HLDGS CORP COM CL A WSC	WSC	1,021,434	$28.0m2.01%	2.01%	Reduced -606.1k	-606,118 -37.2%
13	LAZYDAYS HLDGS INC COM COM		76,492,984	$18.6m1.34%	1.34%	Unchanged
14	INNOVAGE HLDG CORP COM INNV	INNV	3,905,490	$14.4m1.03%	1.03%	Reduced -9.5k	-9,474 -0.2%
15	MODIVCARE INC COM MODVQ	MODVQ	4,485,175	$14.0m1.00%	1.00%	Unchanged
16	FORTREA HLDGS INC COMMON STOCK FTRE	FTRE	1,227,065	$6.1m0.44%	0.44%	Unchanged
17	RANPAK HOLDINGS CORP COM CL A PACK	PACK	1,401,438	$5.0m0.36%	0.36%	Reduced -166.9k	-166,921 -10.6%

Stakes above 5%

Companies where this manager has reported owning more than 5% of a class of shares, on Schedule 13D (may seek influence) or 13G (passive): its latest filing for each, from 19 Dec 2024 on.

Company	Ticker	Stake	Change	Schedule	Last filed
PURPLE INNOVATION INC PRPL · 13D · filed 2025-05-06	PRPL	49.9%≈ $21.8m	no change	13D	2025-05-06
OWENS & MINOR INC NEW ACH · 13D · filed 2025-11-14	ACH	16.9%≈ $44.8m	+1.8 pts	13D	2025-11-14
SONOS INC SONO · 13D · filed 2026-08-03	SONO	15.3%≈ $244.5m	+0.1 pts	13D	2026-08-03
MASTERCRAFT BOAT HLDGS INC MCFT · 13D · filed 2026-05-19	MCFT	15.3%≈ $70.7m	-7.4 pts	13D	2026-05-19
GMS INC 13G · filed 2025-05-15		10.0%	+4.2 pts	13G	2025-05-15
MASTERBRAND INC MBC · 13G · filed 2026-08-17	MBC	6.5%≈ $135.8m	-3.4 pts	13G	2026-08-17

Trades reported as a company insider in Q2 2025

Owning 10% or more of a company, or having someone on its board, makes this manager an insider there: it reports its trades in that company's shares on Form 4 within two business days. Open-market and private purchases and sales only.

Date	Company	Ticker	Trade	Shares	Value	Their holding
2025-06-24	SONOS INC 10% owner · See Footnotes	SONO	Bought	111,898	$1.2m111.9k shares	+1%
2025-06-23	SONOS INC 10% owner · See Footnotes	SONO	Bought	73,530	$727.2k73.5k shares	+1%
2025-06-20	SONOS INC 10% owner · See Footnotes	SONO	Bought	238,000	$2.4m238.0k shares	+2%
2025-06-16	SONOS INC 10% owner · See Footnotes	SONO	Bought	131,588	$1.4m131.6k shares	+1%
2025-06-13	SONOS INC 10% owner · See Footnotes	SONO	Bought	280,000	$2.8m280.0k shares	+2%
2025-06-12	SONOS INC 10% owner · See Footnotes	SONO	Bought	240,000	$2.5m240.0k shares	+2%
2025-05-27	UNIVERSAL TECHNICAL INST INC Director · See Footnotes	UTI	Sold	500,000	$17.5m500.0k shares	-16%
2025-05-12	UNIVERSAL TECHNICAL INST INC Director · See Footnotes	UTI	Sold	1,929,488	$63.6m1.9m shares	-38%
2025-04-10	OWENS & MINOR INC NEW 10% owner · See Footnotes	ACH	Bought	80,000	$575.2k80.0k shares	+1%
2025-04-09	OWENS & MINOR INC NEW 10% owner · See Footnotes	ACH	Bought	225,000	$1.7m225.0k shares	+2%
2025-04-08	OWENS & MINOR INC NEW 10% owner · See Footnotes	ACH	Bought	105,000	$835.8k105.0k shares	+1%
2025-04-07	OWENS & MINOR INC NEW 10% owner · See Footnotes	ACH	Bought	240,000	$1.9m240.0k shares	+2%
2025-04-07	SONOS INC 10% owner · See Footnotes	SONO	Bought	62,506	$523.8k62.5k shares	+0%
2025-04-04	OWENS & MINOR INC NEW 10% owner · See Footnotes	ACH	Bought	128,356	$1.0m128.4k shares	+1%
2025-04-03	OWENS & MINOR INC NEW 10% owner · See Footnotes	ACH	Bought	160,000	$1.4m160.0k shares	+2%
2025-04-03	SONOS INC 10% owner · See Footnotes	SONO	Bought	147,157	$1.3m147.2k shares	+1%