DS

Divisadero Street Capital Management, LP

Diversified strategyMomentum followerSector-focused

Total reported value

$2.4B

Reporting period: 2026-03-31 · Number of holdings: 118

Divisadero Street Capital Management, LP disclosed 118 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $2.4B and a quarterly turnover rate of 82.6%.

Personality snowflake

Concentration
12.11
Portfolio Stability
82.63
Momentum/Contrarian
100
Sector conviction
93.42
Diversification
100
Sizing Uniformity
83.89

Recent moves

  • Trim SGHC

    -32.3%　-$112.0M

  • Trim DAVE

    -35.1%　-$106.9M

  • Trim AS

    -88.2%　-$83.4M

  • Add OMDA

    +1153.8%　$66.6M

  • Trim BBW

    -18.1%　-$38.3M

  • Add RSI

    +45.7%　$54.1M

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

#TickerIssuerAsset SubclassWeightWeight ChangeShares Change4Q Trend
1SGHCSuper Group (SGHC) LimitedStock-Other7.37%-6.12%-32.34%
2✓ Super Group Sghc LimitedStock-Other6.56%+6.56%NEW
3RSIRush Street Interactive INCStock-Other5.84%+1.83%+45.69%
4DAVEDave INCStock-Other4.66%-5.56%-35.05%
5CELHCelsius Holdings INCStock-Consumer Staples3.76%-1.65%+0.20%
6CLSCelestica INCStock-Tech3.60%+1.18%+74.74%
7✓ Dave INCStock-Other3.53%+3.53%NEW
8SEZLSezzle INCStock-Other3.47%+0.13%+16.77%
9SNSharkNinja, Inc.Stock-Consumer Disc3.41%——
10OMDAOmada Health INCStock-Other3.09%+2.74%+1153.78%
11CVNACarvana CoStock-Consumer Disc2.98%-1.33%+3.87%
12FLYWFlywire Corp-votingStock-Other2.95%-0.88%+4.91%
13LITELumentum Holdings INCStock-Tech2.74%+0.70%-21.15%
14APEIAmerican Public EducationStock-Other2.50%—-37.06%
15VSXYVictoria's Secret & CoStock-Consumer Disc2.28%+1.03%+138.78%
16FIGSFigs Inc-class AStock-Other1.97%—-27.53%
17✓ Stock-Other1.92%+1.63%+1093.53%
18REALRealreal Inc/theStock-Other1.65%—+37.85%
19BBWBuild-a-bear Workshop INCStock-Other1.60%-1.99%-18.08%
20EATBrinker International INCStock-Consumer Disc1.54%+1.54%NEW
21AXGNAxogen INCStock-Other1.52%+0.75%+117.51%
22LINCLincoln Educational ServicesStock-Other1.40%+1.40%NEW
23ATRCAtricure INCStock-Other1.38%+1.38%NEW
24XPELXpel INCStock-Other1.33%+1.33%NEW
25WTTRSelect Water Solutions INCStock-Other1.22%+1.22%NEW
26LWAYLifeway Foods INCStock-Other1.14%—+4.54%
27LRNStride INCStock-Consumer Staples1.14%+1.14%NEW
28TPBTurning Point Brands INCStock-Other1.07%-1.62%-44.36%
29COMPCompass INC - Class AStock-Real Estate1.04%+0.42%+171.19%
30HNGEHinge Health Inc-aStock-Other0.92%+0.87%+2216.08%
31PRCTProcept Biorobotics CORPStock-Other0.91%+0.91%NEW
32CTRNCiti Trends INCStock-Other0.89%+0.50%+143.24%
33TREELendingtree INCStock-Other0.84%+0.84%NEW
34ADPTAdaptive BiotechnologiesStock-Other0.77%+0.50%+264.93%
35EYENational Vision Holdings INCStock-Other0.75%—+97.82%
36KRUSKura Sushi USA Inc-class AStock-Other0.73%+0.73%NEW
37RELYRemitly Global INCStock-Other0.69%+0.65%+1614.13%
38INDVIndivior Pharmaceuticals INCStock-Other0.66%+0.66%NEW
39CODICompass Diversified HoldingsStock-Other0.63%+0.63%NEW
40CALXCalix INCStock-Tech0.63%+0.63%NEW
41✓ Procept Biorobotics CORPStock-Other0.60%+0.60%NEW
42VCELVericel CORPStock-Other0.57%—+87.63%
43WLDNWilldan Group INCStock-Other0.53%-0.92%-44.81%
44TSEMTower Semiconductor Ltd.Stock-Tech0.51%+0.51%NEW
45EZPWEzcorp Inc-cl AStock-Other0.49%—+231.29%
46CECOCeco Environmental CORPStock-Other0.47%+0.47%NEW
47AVGOBroadcom INCStock-Tech0.45%——
48HIMSHims & Hers Health INCStock-Healthcare0.41%——
49ASAmer Sports, Inc.Stock-Consumer Disc0.40%-3.95%-88.25%
50PGNYProgyny INCStock-Other0.40%—+55.00%
1–50 of 118

Holding changes this quarter

Divisadero Street Capital Management, LP's most significant position changes for 2026-03-31: New buy: Super Group Sghc Limited; Sold out: Indivior Pharmaceuticals, Inc. (INDV); New buy: Dave INC; New buy: Brinker International INC (EAT); Sold out: Imax CORP (IMAX).

Position changes disclosed by Divisadero Street Capital Management, LP for the quarter ending 2026-03-31, including ticker, issuer, weight change, shares change, and action
#TickerIssuerWeight ChangeShares ChangeAction
1OMDAOmada Health INC+2.7%+1153.78%Add
2RSIRush Street Interactive INC+1.8%+45.69%Add
3✓ +1.6%+1093.53%Add
4CLSCelestica INC+1.2%+74.74%Add
5VSXYVictoria's Secret & Co+1%+138.78%Add
6HNGEHinge Health Inc-a+0.9%+2216.08%Add
7AXGNAxogen INC+0.8%+117.51%Add
8LITELumentum Holdings INC+0.7%-21.15%Trim
9RELYRemitly Global INC+0.7%+1614.13%Add
10CTRNCiti Trends INC+0.5%+143.24%Add
11ADPTAdaptive Biotechnologies+0.5%+264.93%Add
12COMPCompass INC - Class A+0.4%+171.19%Add
13SEZLSezzle INC+0.1%+16.77%Add
14BLNDBlend Labs Inc-a-0.6%-44.31%Trim
15DKNGDraftkings Inc-cl A-0.6%-60.13%Trim
16UPSTUpstart Holdings INC-0.7%-75.79%Trim
17FLYWFlywire Corp-voting-0.9%+4.91%Add
18WLDNWilldan Group INC-0.9%-44.81%Trim
19CVNACarvana Co-1.3%+3.87%Add
20NSSCNapco Security Technologies-1.5%-93.73%Trim
21TPBTurning Point Brands INC-1.6%-44.36%Trim
22CELHCelsius Holdings INC-1.7%+0.20%Add
23BBWBuild-a-bear Workshop INC-2%-18.08%Trim
24ASAmer Sports, Inc.-4%-88.25%Trim
25DAVEDave INC-5.6%-35.05%Trim
26SGHCSuper Group (SGHC) Limited-6.1%-32.34%Trim
27✓ Super Group Sghc Limited—NEWNew buy
28INDVIndivior Pharmaceuticals, Inc.—EXITSold out
29✓ Dave INC—NEWNew buy
30EATBrinker International INC—NEWNew buy
31IMAXImax CORP—EXITSold out
32LINCLincoln Educational Services—NEWNew buy
33ATRCAtricure INC—NEWNew buy
34XPELXpel INC—NEWNew buy
35WTTRSelect Water Solutions INC—NEWNew buy
36LRNStride INC—NEWNew buy
37PRCTProcept Biorobotics CORP—NEWNew buy
38TREELendingtree INC—NEWNew buy
39KRUSKura Sushi USA Inc-class A—NEWNew buy
40INDVIndivior Pharmaceuticals INC—NEWNew buy
41CODICompass Diversified Holdings—NEWNew buy
42CALXCalix INC—NEWNew buy
43PRCH 9 05-15-30Porch Group INC—EXITSold out
44✓ Procept Biorobotics CORP—NEWNew buy
45ENVAEnova International INC—EXITSold out
46ROSTRoss Stores INC—EXITSold out
47TSEMTower Semiconductor Ltd.—NEWNew buy
48TTMITtm Technologies—EXITSold out
49CECOCeco Environmental CORP—NEWNew buy
50PHATPhathom Pharmaceuticals INC—EXITSold out

FAQ

What is Divisadero Street Capital Management, LP and what type of investor is it?
Divisadero Street Capital Management, LP is a investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-03-31), the firm manages a tracked equity portfolio valued at approximately $2.4B, spread across 118 disclosed positions.
What are Divisadero Street Capital Management, LP's largest equity positions?
Based on the latest 13F filing, Divisadero Street Capital Management, LP's top holdings by market value are: 1. Super Group (SGHC) Limited (SGHC) — $176.3M (7.4%) 2. Super Group Sghc Limited — $157.0M (6.6%) 3. Rush Street Interactive INC (RSI) — $139.8M (5.8%) 4. Dave INC (DAVE) — $111.6M (4.7%) 5. Celsius Holdings INC (CELH) — $90.0M (3.8%)
What changes did Divisadero Street Capital Management, LP make in its most recent portfolio filing?
In the latest reported quarter, Divisadero Street Capital Management, LP made 50 notable position adjustments: 17 new positions were initiated, 15 existing holdings were added to, 11 positions were partially reduced, and 7 were completely exited. The largest of these moves: New buy: Super Group Sghc Limited; Sold out: Indivior Pharmaceuticals, Inc. (INDV); New buy: Dave INC; New buy: Brinker International INC (EAT); Sold out: Imax CORP (IMAX)
What sectors does Divisadero Street Capital Management, LP focus on?
Divisadero Street Capital Management, LP is concentrated in the following sectors based on its current disclosed equity portfolio: • Consumer Discretionary: 41.0% • Information Technology: 32.0% • Consumer Staples: 19.7% • Real Estate: 3.8% • Financials: 2.1% • Health Care: 1.5%