Divisadero Street Capital Management, LP
Long book
$2.14B
Q1 2026
Positions
115
Top-10 weight
46%
concentration
Last quarter
+39.2%
SPY +14.8%
Turnover
44%
of book per quarter
Strategy in plain words
auto-generated from filingsDivisadero Street Capital Management, LP is a diversified fundamental manager, running a $2.14B US long book across 115 positions.
The portfolio is moderately concentrated (top 10 ≈ 46% of the book). The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: SUPER GROUP SGHC LTD, RUSH STREET INTERACTIVE INC, DAVE INC, CELSIUS HOLDINGS INC, CELESTICA INC.
Over the last 9 quarters its long book ran on average 7.4pp per quarter ahead of the S&P 500, beating the index in 4 of 9 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+7.8%
Q2 2024
+2.2%
Q3 2024
+11.8%
Q4 2024
-9.2%
Q1 2025
+62.1%
Q2 2025
+1.2%
Q3 2025
+1.1%
Q4 2025
-9.6%
Q1 2026
+39.2%
Sector allocation
Services media 30%
Consumer discretionary 15%
Healthcare 13%
Technology 11%
Financials 9%
Consumer staples 8%
Industrials 6%
Other 4%
Long book by quarter
What does Divisadero Street own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| SGHC SUPER GROUP SGHC LTD | Services media | 16.3M | $176.3M | 8.3% | +39.0% |
| RSI RUSH STREET INTERACTIVE INC | Services media | 6.4M | $139.8M | 6.5% | +129.4% |
| DAVE DAVE INC | Financials | 640.8K | $111.6M | 5.2% | +145.0% |
| CELH CELSIUS HOLDINGS INC | Consumer staples | 2.5M | $90.0M | 4.2% | +56.5% |
| CLS CELESTICA INC | Technology | 305.8K | $86.1M | 4.0% | +74.7% |
| SEZL SEZZLE INC | Services media | 1.3M | $83.0M | 3.9% | +16.8% |
| SN SHARKNINJA INC | Industrials | 769.2K | $81.5M | 3.8% | Held |
| OMDA OMADA HEALTH INC | Healthcare | 5.9M | $74.0M | 3.5% | +1153.8% |
| CVNA CARVANA CO | Consumer discretionary | 226.6K | $71.2M | 3.3% | +3.9% |
| FLYW FLYWIRE CORP-VOTING | Services media | 6.1M | $70.7M | 3.3% | +4.9% |
| LITE LUMENTUM HOLDINGS INC | Technology | 93.2K | $65.5M | 3.1% | -21.1% |
| APEI AMERICAN PUBLIC EDUCATION | Services media | 1.1M | $59.8M | 2.8% | -37.1% |
| VSXY VICTORIA'S SECRET & CO | Consumer discretionary | 1.2M | $54.6M | 2.6% | +138.8% |
| FIGS FIGS INC-CLASS A | Other | 3.2M | $47.2M | 2.2% | -27.5% |
| BULL WEBULL CORP | Financials | 9.5M | $45.8M | 2.1% | +1093.5% |
| REAL REALREAL INC/THE | Consumer discretionary | 4.3M | $39.4M | 1.8% | +37.8% |
| BBW BUILD-A-BEAR WORKSHOP INC | Consumer discretionary | 1.0M | $38.4M | 1.8% | -18.1% |
| EAT BRINKER INTERNATIONAL INC | Consumer discretionary | 258.2K | $36.9M | 1.7% | New |
| AXGN AXOGEN INC | Healthcare | 1.1M | $36.3M | 1.7% | +117.5% |
| LINC LINCOLN EDUCATIONAL SERVICES | Services media | 825.6K | $33.6M | 1.6% | New |
| ATRC ATRICURE INC | Healthcare | 1.2M | $33.1M | 1.5% | New |
| XPEL XPEL INC | Industrials | 720.4K | $31.9M | 1.5% | New |
| WTTR SELECT WATER SOLUTIONS INC | Energy | 1.9M | $29.1M | 1.4% | New |
| LWAY LIFEWAY FOODS INC | Consumer staples | 1.4M | $27.2M | 1.3% | +4.5% |
| LRN STRIDE INC | Services media | 308.5K | $27.2M | 1.3% | New |
| TPB TURNING POINT BRANDS INC | Consumer staples | 295.6K | $25.7M | 1.2% | -44.4% |
| COMP COMPASS INC - CLASS A | Real estate | 3.4M | $24.8M | 1.2% | +171.2% |
| HNGE HINGE HEALTH INC-A | Technology | 570.7K | $22.0M | 1.0% | +2216.1% |
| PRCT PROCEPT BIOROBOTICS CORP | Healthcare | 866.3K | $21.7M | 1.0% | New |
| CTRN CITI TRENDS INC | Consumer discretionary | 494.0K | $21.4M | 1.0% | +143.2% |
| TREE LENDINGTREE INC | Financials | 469.3K | $20.1M | 0.9% | New |
| ADPT ADAPTIVE BIOTECHNOLOGIES | Healthcare | 1.3M | $18.3M | 0.9% | +264.9% |
| EYE NATIONAL VISION HOLDINGS INC | Healthcare | 696.0K | $18.0M | 0.8% | +97.8% |
| KRUS KURA SUSHI USA INC-CLASS A | Consumer discretionary | 248.8K | $17.4M | 0.8% | New |
| RELY REMITLY GLOBAL INC | Services media | 1.1M | $16.5M | 0.8% | +1614.1% |
| INDV INDIVIOR PHARMACEUTICALS INC | Healthcare | 521.1K | $15.9M | 0.7% | New |
| CODI COMPASS DIVERSIFIED HOLDINGS | Other | 1.9M | $15.2M | 0.7% | New |
| CALX CALIX INC | Communications | 305.7K | $15.0M | 0.7% | New |
| VCEL VERICEL CORP | Healthcare | 422.2K | $13.6M | 0.6% | +87.6% |
| WLDN WILLDAN GROUP INC | Services media | 165.0K | $12.6M | 0.6% | -44.8% |
| TSEM TOWER SEMICONDUCTOR LTD | Technology | 70.0K | $12.3M | 0.6% | New |
| EZPW EZCORP INC-CL A | Consumer discretionary | 458.9K | $11.6M | 0.5% | +231.3% |
| CECO CECO ENVIRONMENTAL CORP | Industrials | 187.6K | $11.2M | 0.5% | New |
| AVGO BROADCOM INC | Technology | 35.0K | $10.8M | 0.5% | New |
| HIMS HIMS & HERS HEALTH INC | Healthcare | 469.8K | $9.8M | 0.5% | Held |
| AS AMER SPORTS INC | Other | 292.8K | $9.6M | 0.5% | -88.2% |
| PGNY PROGYNY INC | Healthcare | 563.6K | $9.6M | 0.4% | +55.0% |
| JOUT JOHNSON OUTDOORS INC-A | Other | 190.1K | $8.8M | 0.4% | -9.3% |
| BRBR BELLRING BRANDS INC | Consumer staples | 523.7K | $8.4M | 0.4% | +838.9% |
| WRBY WARBY PARKER INC-CLASS A | Healthcare | 383.9K | $8.1M | 0.4% | New |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 118 | $2.39B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 92 | $2.14B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 168 | $2.29B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 136 | $1.57B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 94 | $993.6M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 85 | $856.0M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 74 | $824.3M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 12, 2024 | 61 | $659.5M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 56 | $427.2M | canonical | SEC ↗ |
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