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Divisadero Street Capital Management, LP

Institutional InvestorSimilar funds →SEC EDGAR: CIK 1901865
Institutional-grade research for retail investors

Sector Allocation

  • Technology20.4%$872.5M
  • Consumer Discretionary19.4%$831.6M
  • Financials18.3%$783.8M
  • Communication Services11.5%$493.9M
  • Healthcare11.5%$492.1M
  • Industrials8.8%$377.1M
  • Consumer Staples5.9%$253.1M
  • Real Estate2.7%$117.2M
  • Materials1.1%$48.8M
  • Energy0.4%$16.0M

AUM History

13fpro.ai/research/fund/divisadero-street-capital-management-lp-1901865

Conviction and streaks

Stable · top 10 = 46.4%

From the fund's last 12 quarters of 13F filings: positions held longest at size, and names it added to or trimmed several quarters running.

SEZL$SEZLConviction hold6.6% weight · held 6 quartersCVNA$CVNAConviction hold6.4% weight · held 10 quartersSGHC$SGHCConviction hold6.4% weight · held 5 quartersDAVE$DAVEConviction hold6.1% weight · held 9 quartersHIMS$HIMSConviction hold4.9% weight · held 10 quartersCVNA$CVNAAccumulating+2426% shares · 5 quarters runningSGHC$SGHCAccumulating+9302% shares · 4 quarters runningCOMP$COMPAccumulating+46997% shares · 4 quarters runningREAL$REALAccumulating+2562% shares · 4 quarters runningLWAY$LWAYAccumulating+1682% shares · 4 quarters runningPRTH$PRTHTrimming-97% shares · 5 quarters runningLOCO$LOCOTrimming-67% shares · 4 quarters runningSRTS$SRTSTrimming-39% shares · 3 quarters runningFIGS$FIGSTrimming-28% shares · 2 quarters runningBBW$BBWTrimming-83% shares · 2 quarters running

Largest positions — Q2 2026

Top 20 stock positions. Options are left out: 13F reports them at the underlying's value.

13fpro.ai/research/fund/divisadero-street-capital-management-lp-1901865

Divisadero Street Capital Management, LP 13F holdings — Q2 2026

$4.4B portfolio (+84.5% QoQ) · 142 holdings · Q2 2026 13F · top 10 are 46% of the stock portfolio

Includes $126.2M of put/call options ($801K puts, $125.4M calls), which 13F rules report at the value of the underlying shares, not the premium at risk. Stocks alone: $4.3B. Weights use the stock portfolio.

All holdings — Divisadero Street Capital Management, LP (Q2 2026)

142 disclosed positions from the Form 13F-HR on SEC EDGAR, with quarter-over-quarter share changes. Largest by value first; the ten above are not repeated.

Company
SGHC$SGHCCALLSuper Group (SGHC) Ltd$125.4M-36%
FLYW$FLYWFlywire Corp$116.7M+9%
REAL$REALTheRealReal, Inc.$108.4M+112%
TPB$TPBTurning Point Brands, Inc.$107.3M+328%
HNGE$HNGEHinge Health, Inc.$107.1M+126%
WLDN$WLDNWilldan Group, Inc.$104.8M+703%
LITE$LITELumentum Holdings Inc.$92.8M+16%
VSXY$VSXYVictoria's Secret & Co.$85.6M-13%
OMDA$OMDAOmada Health, Inc.$83.4M-35%
RELY$RELYRemitly Global, Inc.$83.3M+253%
CHYM$CHYMChime Financial, Inc.$74.3MNew
VSH$VSHVISHAY INTERTECHNOLOGY INC$72.3MNew
APEI$APEIAMERICAN PUBLIC EDUCATION INC$62.8M+11%
LWAY$LWAYLifeway Foods, Inc.$62.7M+49%
CELH$CELHCelsius Holdings, Inc.$53.3M-28%

What changed in Q2 2026

Against the previous quarter's 13F: 52 new, 39 added to, 31 trimmed, 28 sold out. Share-count changes; largest moves by dollar size first.

New positions (52)

  • CHYM$CHYMChime Financial, Inc.$74.3M

    first bought this quarter

  • VSH$VSHVISHAY INTERTECHNOLOGY INC$72.3M

    first bought this quarter

  • ESI$ESIElement Solutions Inc$48.8M

    first bought this quarter

  • ENVA$ENVAEnova International, Inc.$35.2M

    first bought this quarter

  • PRCH$PRCHPorch Group, Inc.$31.7M

    first bought this quarter

  • LIFE$LIFEEthos Technologies Inc.$29.7M

    first bought this quarter

+46 more in the Excel export

Added to (39)

  • CVNA$CVNACARVANA CO.+1737%

    now $274.0M · held 10+ qtrs, 5 adds in a row

  • HIMS$HIMSHims & Hers Health, Inc.+1179%

    now $208.3M · held 10+ qtrs

  • CECO$CECOCECO ENVIRONMENTAL CORP+609%

    now $120.7M · held 2 qtrs, 2 adds in a row

  • WLDN$WLDNWilldan Group, Inc.+703%

    now $104.8M · held 8 qtrs

  • TPB$TPBTurning Point Brands, Inc.+328%

    now $107.3M · held 6 qtrs

  • COMP$COMPCompass, Inc.+180%

    now $117.2M · held 4 qtrs, 4 adds in a row

+33 more in the Excel export

Trimmed (31)

  • SGHC$SGHCCALLSuper Group (SGHC) Ltd-36%

    now $125.4M

  • OMDA$OMDAOmada Health, Inc.-35%

    now $83.4M · held 4 qtrs

  • AXGN$AXGNAxogen, Inc.-84%

    now $7.9M · held 10+ qtrs

  • BULL$BULLWebull Corp-54%

    now $28.8M · held 3 qtrs

  • RSI$RSIRush Street Interactive, Inc.-16%

    now $161.4M · held 10+ qtrs

  • BBW$BBWBUILD-A-BEAR WORKSHOP INC-80%

    now $6.4M · held 8 qtrs, 2 trims in a row

+25 more in the Excel export

Sold out (28)

  • DAVE$DAVECALLDave Inc./DEwas $84.4M
  • EAT$EATBRINKER INTERNATIONAL, INCwas $36.9M

    held 1 qtr

  • LINC$LINCLINCOLN EDUCATIONAL SERVICES CORPwas $33.6M

    held 1 qtr

  • LRN$LRNStride, Inc.was $27.2M

    held 1 qtr

  • TREE$TREELendingTree, Inc.was $20.1M

    held 1 qtr

  • ADPT$ADPTAdaptive Biotechnologies Corpwas $18.3M

    held 2 qtrs

+22 more in the Excel export

Firm AUM (Form ADV): $2.6B as of 2025-12-31 · SEC IAPD

Share

Holdings by quarter

Every 13F Divisadero Street Capital Management, LP has filed, 18 earlier quarters. Pick one to see what it held then.

Email me the moment this fund files its next 13FPro

Is it too late to follow Divisadero Street Capital Management?

Q2 2026 13F filed with the SEC on Aug 14, 2026. Prices are closing prices as of Oct 26, 2026.

Average quality of Divisadero Street Capital Management's top 20 holdings: 65/100 (our AI quality score, weighted by position size; 19 of the 20 are scored)

Top 10 since filing

-15.4%

Value-weighted move of the 10 largest stock positions

Turnover

19%

Last quarter; 93% over the last 4

Top 10 weight

46%

Share of the stock portfolio in its 10 largest positions

Held 4+ quarters

77%

Share of portfolio value in positions held a year or more

Highest-quality names it owns(among its 100 largest positions)

The 8 highest-scoring companies in this portfolio are a Pro feature.

How these are measured
  • Moves since the quarter-end and since the filing date use our own daily closing prices, from the close on (or just before) each date to the latest close.
  • Turnover is the lesser of shares bought or sold in a quarter, valued at the quarter-end prices in the 13F, divided by the average of the two quarters' stock portfolio values.
  • Quarters held and add/trim streaks count back only through quarters whose filed holdings add up to the filing's own cover-page total (back to Q1 2024 for this fund). A change counts as an add or a trim when the split-adjusted share count moves by more than 1%.
  • Estimate, not the fund's reported cost. For each quarter in the current holding period in which the fund's share count rose (split-adjusted), we take that quarter's average daily close and weight it by the shares added; sales do not change an average cost. Quarters where the stock's price history and the 13F's own implied price disagree by more than 2x are left out.
  • Put and call option rows report the value of the underlying shares, not a position the fund paid for, so they are left out of all of the above.

Portfolio Overview

Divisadero Street Capital Management, LP disclosed 142 positions worth $4.4B in its Form 13F-HR for Q2 2026 — $4.3B in common stock plus $126.2M of put/call option positions (reported at underlying notional value, not premium at risk), led by $SEZL (Sezzle Inc.) at 6.6% of the equity portfolio, followed by $CVNA and $SGHC. During the quarter the fund opened 52 new positions and exited 28 — including a new stake in $CHYM and a full exit from $DAVE. The portfolio is most concentrated in Technology (20.4% of disclosed assets). All figures are sourced directly from Divisadero Street Capital Management, LP’s Form 13F-HR filing with the SEC under CIK 1901865.

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AI-Powered Hedge Fund Analysis: Divisadero Street Capital Management, LP

13F Pro is an AI hedge fund tracker and stock research platform. For Divisadero Street Capital Management, LP (SEC CIK: 1901865), the platform ingests every quarterly Form 13F filing and applies AI-powered analysis on top — 10 specialized AI analysts (value, growth, momentum, macro, activist, and more) debate the fund's top positions and publish AI-generated analysis with cited SEC sources.

Every holding in Divisadero Street Capital Management, LP's portfolio is scored on an AI quality ranking built from its SEC filings (ROIC, FCF margin, revenue growth, institutional flow, earnings quality, shareholder dilution, and more). Track accumulation and distribution quarter over quarter, identify conviction positions, and see AI stock analysis for each position — alongside 8,700+ other institutional filers and 2,800+ AI-ranked companies.