Ranger Investment Management, L.P.

Long Only Manager • Growth

Ranger Investment Management, L.P. is a Long Only Manager specializing in Growth based in Dallas, TX led by Andrew Ferguson Hill, reporting $1.6B in AUM as of Q3 2025 with PEGA as the largest holding (4% allocation).

PresidentAndrew Ferguson Hill

Portfolio Value: $1.4B
Positions: 76
Top Holding: PEGA at 3.91%
Last Reported: Q3 2025

Address8115 Preston Road, Suite 590, Dallas, TX, 75225, United States

Top Holdings

Largest long holdings in Ranger Investment Management, L.P.'s portfolio (26.6% of total portfolio)

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GthenH

Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 Pegasystems PEGA	Software - Application Technology	$56.1M	3.91%	-$8.4M Sold	0.57% 975.5K shares	Q2 2016 Held for 9y 5m
2 Ligand Pharmaceuticals LGND	Biotechnology Healthcare	$48.8M	3.40%	-$4.4M Sold	1.41% 275.3K shares	Q1 2024 Held for 1y 8m
3 Excelerate Energy EE	Renewable Utilities Utilities	$40.7M	2.83%	-$1.1M Sold	— 1.6M shares	Q3 2022 Held for 3y 2m
4 Aaon AAON	Construction Industrials	$39.4M	2.75%	-$1.2M Sold	0.52% 421.6K shares	Q2 2024 Held for 1y 5m
5 ADMA Biologics ADMA	Biotechnology Healthcare	$34.3M	2.39%	-$727.8K Sold	0.98% 2.3M shares	Q1 2025 Held for 8 months
6 LeMaitre Vascular LMAT	Medical - Instruments & Supplies Healthcare	$33.8M	2.35%	-$11.2M Sold	1.70% 385.8K shares	Q2 2017 Held for 8y 5m
7 Stevanato Group STVN	Medical - Instruments & Supplies Healthcare	$33.0M	2.30%	-$1.0M Sold	0.47% 1.3M shares	Q4 2024 Held for 11 months
8 Casella Waste Systems CWST	Waste Management Industrials	$32.8M	2.29%	+$4.4M Bought	0.54% 346.0K shares	Q3 2022 Held for 3y 2m
9 AppFolio APPF	Software - Application Technology	$31.6M	2.20%	-$7.2M Sold	0.32% 114.6K shares	Q1 2019 Held for 6y 8m
10 nCino, Inc. NCNO	Software - Application Technology	$31.4M	2.19%	+$10.2M Bought	1.00% 1.2M shares	Q4 2024 Held for 11 months

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Changes

Portfolio activity, position movements, and quarter-over-quarter changes in Ranger Investment Management, L.P.'s latest filing

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Market Value

$1.4B

Prior: $1.4B

Q/Q Change

+0.166%

+$2.4M

Net Flows % of MV

-2.98%

Turnover Ratio

16.51%

New Purchases

9 stocks

$115.6M

Added To

26 stocks

+$99.8M

Sold Out Of

5 stocks

$68.4M

Reduced Holdings

41 stocks

-$189.8M

Increased Positions

Position	Shares Δ	Change
1 Celsius Holdings, Inc. CELH	New	0 → 361.4K +$20.8M
2 Karman Holdings Inc. KRMN	New	0 → 265.2K +$19.1M
3 Solaris Energy Infrastructure SEI	New	0 → 426.1K +$17.0M
4 Coastal Financial CCB	New	0 → 156.2K +$16.9M
5 MACOM Technology Solutions MTSI	New	0 → 117.8K +$14.7M

Decreased Positions

Position	Shares Δ	Change
1 Home BancShares HOMB	Sold	848.1K → 0 −$24.1M
2 J&J Snack Foods JJSF	Sold	200.5K → 0 −$22.7M
3 Magnolia Oil & Gas Corporation MGY	Sold	561.0K → 0 −$12.6M
4 Simulations Plus SLP	Sold	386.2K → 0 −$6.7M
5 National CineMedia NCMI	Sold	455.8K → 0 −$2.2M