Divisadero Street Capital Management, LP 13F holdings, Q4 2025
Holdings as of December 31, 2025 · filings on SEC EDGAR · latest filing →
Divisadero Street Capital Management, LP disclosed 88 US equity positions worth $1.8bn in its Q4 2025 13F filing. The largest position was SGHC at 8.0% of the reported book, followed by INDIVIOR PLC and AS. Against the Q3 2025 filing, it opened 10 new positions, added to 22 and reduced 14 among the top 50 holdings.
What did Divisadero Street Capital Management, LP own in Q4 2025? Top 50 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q3 2025 |
|---|---|---|---|---|---|---|---|
| 1 | SGHC SUPER GROUP SGHC LIMITED | Consumer Cyclical | 8.0% | $140.3m | 11,741,629 | 19% | added |
| 2 | INDIVIOR PLC | 5.7% | $99.9m | 2,784,786 | -17% | reduced | |
| 3 | AS AMER SPORTS INC | Consumer Cyclical | 5.3% | $93.0m | 2,490,845 | 502% | added |
| 4 | CVNA CARVANA CO | Consumer Cyclical | 5.2% | $92.1m | 218,189 | 5% | added |
| 5 | SN SHARKNINJA INC | Consumer Cyclical | 4.9% | $86.1m | 769,163 | -1% | reduced |
| 6 | FLYW FLYWIRE CORPORATION | Technology | 4.7% | $81.9m | 5,786,462 | 39% | added |
| 7 | BBW BUILD-A-BEAR WORKSHOP INC | Consumer Cyclical | 4.4% | $76.7m | 1,251,224 | 3527% | added |
| 8 | CELH CELSIUS HLDGS INC | Consumer Defensive | 4.2% | $74.1m | 1,620,212 | 108% | added |
| 9 | SEZL SEZZLE INC | Financial Services | 4.1% | $71.3m | 1,123,226 | -25% | reduced |
| 10 | APEI AMERICAN PUB ED INC | Consumer Defensive | 3.6% | $63.2m | 1,671,558 | 337% | added |
| 11 | DAVE DAVE INC | Technology | 3.3% | $57.9m | 261,608 | -72% | reduced |
| 12 | TPB TURNING PT BRANDS INC | Consumer Defensive | 3.3% | $57.6m | 531,214 | -45% | reduced |
| 13 | RSI RUSH STREET INTERACTIVE INC | Consumer Cyclical | 3.1% | $54.4m | 2,801,204 | 0% | held |
| 14 | CLS CELESTICA INC | Technology | 2.9% | $51.7m | 175,012 | -11% | reduced |
| 15 | FIGS FIGS INC | Consumer Cyclical | 2.9% | $50.1m | 4,410,632 | 12670% | added |
| 16 | REAL THE REALREAL INC | Consumer Cyclical | 2.8% | $49.7m | 3,150,443 | 21% | added |
| 17 | LITE LUMENTUM HLDGS INC | Technology | 2.5% | $43.6m | 118,185 | -28% | reduced |
| 18 | IMAX IMAX CORP | Communication Services | 2.0% | $35.7m | 964,986 | 51% | added |
| 19 | NSSC NAPCO SEC TECHNOLOGIES INC | Industrials | 1.9% | $33.8m | 809,729 | 626% | added |
| 20 | LWAY LIFEWAY FOODS INC | Consumer Defensive | 1.9% | $32.7m | 1,347,635 | 114% | added |
| 21 | WLDN WILLDAN GROUP INC | Industrials | 1.8% | $31.0m | 298,932 | 18% | added |
| 22 | VSXY VICTORIAS SECRET AND CO | Consumer Cyclical | 1.5% | $26.7m | 493,413 | 474% | added |
| 23 | BLND BLEND LABS INC | 1.0% | $17.3m | 5,701,122 | 39% | added | |
| 24 | DKNG DRAFTKINGS INC NEW | Consumer Cyclical | 1.0% | $17.3m | 502,162 | 415% | added |
| 25 | VITL VITAL FARMS INC | Consumer Defensive | 1.0% | $17.1m | 534,780 | -46% | reduced |
| 26 | AXGN AXOGEN INC | Healthcare | 0.9% | $16.5m | 503,822 | 1818% | added |
| 27 | UPST UPSTART HLDGS INC | Financial Services | 0.9% | $16.2m | 370,000 | – | new |
| 28 | HIMS HIMS & HERS HEALTH INC | Healthcare | 0.9% | $15.3m | 469,833 | 1% | added |
| 29 | PORCH GROUP INC | 0.8% | $14.8m | 1,620,351 | – | new | |
| 30 | COMP COMPASS INC | Real Estate | 0.8% | $13.2m | 1,250,000 | 67% | added |
| 31 | ENVA ENOVA INTL INC | Financial Services | 0.7% | $13.0m | 82,490 | – | new |
| 32 | ROST ROSS STORES INC | Consumer Cyclical | 0.7% | $12.3m | 68,204 | – | new |
| 33 | TTMI TTM TECHNOLOGIES INC | Technology | 0.6% | $11.4m | 164,595 | -30% | reduced |
| 34 | MAX MEDIAALPHA INC | Communication Services | 0.6% | $11.0m | 849,011 | 877% | added |
| 35 | PHAT PHATHOM PHARMACEUTICALS INC | 0.6% | $11.0m | 662,312 | – | new | |
| 36 | PGNY PROGYNY INC | Healthcare | 0.5% | $9.3m | 363,624 | – | new |
| 37 | EYE NATIONAL VISION HLDGS INC | Consumer Cyclical | 0.5% | $9.1m | 351,845 | -12% | reduced |
| 38 | JOUT JOHNSON OUTDOORS INC | 0.5% | $8.9m | 209,457 | 10% | added | |
| 39 | CTRN CITI TRENDS INC | Consumer Cyclical | 0.5% | $8.4m | 203,107 | 1555% | added |
| 40 | VCEL VERICEL CORP | Healthcare | 0.5% | $8.1m | 225,000 | – | new |
| 41 | GRPN GROUPON INC | Communication Services | 0.4% | $7.8m | 444,965 | 0% | held |
| 42 | ZVIA ZEVIA PBC | 0.4% | $7.5m | 3,213,961 | -48% | reduced | |
| 43 | OMDA OMADA HEALTH INC | Healthcare | 0.4% | $7.4m | 469,597 | -66% | reduced |
| 44 | LOCO EL POLLO LOCO HLDGS INC | Consumer Cyclical | 0.4% | $7.2m | 692,665 | -17% | reduced |
| 45 | TDUP THREDUP INC | Consumer Cyclical | 0.4% | $6.4m | 993,949 | -0% | held |
| 46 | BXC BLUELINX HLDGS INC | Industrials | 0.4% | $6.3m | 103,141 | 0% | held |
| 47 | WEBULL CORP | 0.4% | $6.2m | 800,000 | – | new | |
| 48 | ADPT ADAPTIVE BIOTECHNOLOGIES COR | Healthcare | 0.3% | $5.9m | 361,344 | – | new |
| 49 | FTK FLOTEK INDS INC DEL | 0.3% | $5.8m | 337,407 | – | new | |
| 50 | PRTH PRIORITY TECHNOLOGY HLDGS IN | 0.3% | $5.8m | 1,057,894 | -29% | reduced |
Weights are shares of the reported long US equity book (options excluded). Values are as filed, normalised to whole dollars. Share changes compare against the immediately preceding filing only.