Divisar Capital Management LLC

Fundamental concentrated ★Highest signal CIK 1645721
League rank
#125
in Fundamental concentrated · #187 overall
Long book
$392.4M
Q1 2026
Positions
26
Top-10 weight
63%
concentration
Last quarter
+30.8%
SPY +14.8%
Turnover
14%
of book per quarter

Strategy in plain words

auto-generated from filings

Divisar Capital Management LLC is a concentrated fundamental stock-picker, running a $392.4M US long book across 26 positions.

The portfolio is concentrated: the top 10 names carry 63% of the portfolio. Turnover is modest: positions are typically held for years. Current anchor positions: ONTO INNOVATION INC, ULTRA CLEAN HOLDINGS INC, POLARIS INC, BRUNSWICK CORP, LUMENTUM HOLDINGS INC.

Over the last 9 quarters its long book ran on average 5.9pp per quarter ahead of the S&P 500, beating the index in 6 of 9 quarters. We rate its filings highest-signal: new buys here are worth attention.

Implied long-book return vs S&P 500

methodology: positions priced quarterly, no shorts/options
Fund long book S&P 500
Q1 2024
+1.4%
Q2 2024
-1.6%
Q3 2024
+2.9%
Q4 2024
-20.5%
Q1 2025
+13.3%
Q2 2025
+21.4%
Q3 2025
+16.2%
Q4 2025
+29.2%
Q1 2026
+30.8%

Sector allocation

Technology
53%
Industrials
22%
Other
16%
Consumer discretionary
5%
Communications
4%

Long book by quarter

$520.5M
Q1 2024
$527.8M
Q2 2024
$542.1M
Q3 2024
$460.7M
Q4 2024
$384.5M
Q1 2025
$432.3M
Q2 2025
$367.6M
Q3 2025
$355.9M
Q4 2025
$392.4M
Q1 2026

What does Divisar Capital own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
ONTO ONTO INNOVATION INCOther193.3K$39.6M10.1%-9.0%
UCTT ULTRA CLEAN HOLDINGS INCTechnology420.0K$26.1M6.7%-55.8%
PII POLARIS INCIndustrials477.9K$26.0M6.6%+18.1%
BC BRUNSWICK CORPIndustrials349.8K$25.4M6.5%+13.3%
LITE LUMENTUM HOLDINGS INCTechnology35.2K$24.8M6.3%-59.5%
OEC ORION SAOther3.6M$23.2M5.9%+30.1%
ADTN ADTRAN HOLDINGS INCTechnology1.8M$22.3M5.7%-40.7%
KLIC KULICKE & SOFFA INDUSTRIESTechnology316.9K$20.8M5.3%-34.1%
PDFS PDF SOLUTIONS INCTechnology623.4K$20.4M5.2%-18.0%
MKSI MKS INCTechnology85.5K$19.6M5.0%+10.3%
CALX CALIX INCCommunications340.2K$16.7M4.2%+13.4%
RXO RXO INCIndustrials1.1M$15.4M3.9%+89.6%
BOX BOX INC - CLASS ATechnology638.0K$15.1M3.8%+239.3%
VERX VERTEX INC - CLASS ATechnology1.2M$14.2M3.6%+378.3%
MCFT MASTERCRAFT BOAT HOLDINGS INIndustrials692.3K$14.2M3.6%-4.8%
TTMI TTM TECHNOLOGIESTechnology126.6K$12.3M3.1%-7.8%
CMRC COMMERCE.COM INCTechnology3.9M$10.5M2.7%+4.0%
WEAV WEAVE COMMUNICATIONS INCTechnology1.8M$8.5M2.2%+217.0%
ZUMZ ZUMIEZ INCConsumer discretionary289.1K$6.4M1.6%+11.6%
DIN DINE BRANDS GLOBAL INCConsumer discretionary242.3K$6.4M1.6%New
ANF ABERCROMBIE & FITCH CO-CL AConsumer discretionary64.3K$5.9M1.5%+15.2%
LASR NLIGHT INCTechnology88.3K$5.0M1.3%-69.4%
THRM GENTHERM INCIndustrials159.0K$4.4M1.1%Held
VIAV VIAVI SOLUTIONS INCTechnology131.4K$4.4M1.1%-31.2%
FN FABRINETTechnology7.6K$3.9M1.0%Held
OXM OXFORD INDUSTRIES INCOther21.1K$812K0.2%New

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 15, 202626$392.4M canonicalSEC ↗
Q4 202513F-HRFeb 17, 202626$355.9M canonicalSEC ↗
Q3 202513F-HRNov 14, 202525$367.6M canonicalSEC ↗
Q2 202513F-HRAug 14, 202526$432.3M canonicalSEC ↗
Q1 202513F-HRMay 15, 202529$384.5M canonicalSEC ↗
Q4 202413F-HRFeb 14, 202530$460.7M canonicalSEC ↗
Q3 202413F-HRNov 14, 202431$542.1M canonicalSEC ↗
Q2 202413F-HRAug 14, 202434$527.8M canonicalSEC ↗
Q1 202413F-HRMay 15, 202434$520.5M canonicalSEC ↗

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