Divisadero Street Capital Management, LP
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), Divisadero Street Capital Management, LP reported 90 stock positions worth $869.6 million. Its top holding was Dave (DAVE) at 9.5% of the portfolio, followed by Rush Street Interactive (RSI, 7.5%) and Sezzle (SEZL, 5.2%). Compared with Q4 2024, it opened 32 new positions, sold out of 23, added to 17 and reduced 22. The biggest buy was a new position in Sezzle (SEZL) and the biggest sale Sharkninja (SN, shares −78%).
- Most Recent 13F
- Q2 2026
- Location
- MIAMI, FL
- CIK
- 0001901865
- Portfolio Value
- $869.6M (Q1 2025)
- SEC Filing
- 0000919574-25-003098 ↗ filed May 15, 2025
Holdings Value
Holdings 90 stocks · $869.6M
| DAVE Dave Inc. | 9.46% | 995,141 | $82.3M | Add +74.7% |
| RSI Rush Street Interactive Inc. | 7.54% | 6,115,980 | $65.6M | Add +28.3% |
| SEZL Sezzle Inc. | 5.25% | 1,307,782 | $45.6M | New |
| EAT Brinker International Inc. | 5.22% | 304,635 | $45.4M | Reduce -17.3% |
| GENI Genius Sports Ltd. | 4.95% | 4,300,637 | $43.0M | Add +21.1% |
| VITL Vital Farms Inc. | 4.15% | 1,184,763 | $36.1M | Add +51.1% |
| CVNA Carvana Co. | 3.96% | 164,840 | $34.5M | Reduce -16.5% |
| HIMS Hims & Hers Health Inc. | 3.78% | 1,112,027 | $32.9M | Reduce -13.8% |
| PRTH Priority Technology Holdings | 3.69% | 4,702,115 | $32.0M | Add +1121.2% |
| CELH Celsius Holdings Inc. | 3.24% | 790,562 | $28.2M | New |
| JILL J. Jill Inc. | 3.11% | 1,385,979 | $27.1M | Reduce -13.0% |
| GRPN Groupon Inc. | 2.89% | 1,340,253 | $25.2M | Add +28.2% |
| RXST Rxsight Inc. | 2.57% | 885,432 | $22.4M | Add +9.0% |
| BLND Blend Labs Inc. Class A | 2.42% | 6,274,304 | $21.0M | New |
| TPB Turning Point Brands Inc. | 2.24% | 328,263 | $19.5M | New |
| RKT Rocket Cos Inc. Class A | 2.01% | 1,451,470 | $17.5M | New |
| EVER Everquote Inc. Class A | 2.00% | 665,001 | $17.4M | Add +8.0% |
| FLYW Flywire Corp.-Voting | 1.88% | 1,721,136 | $16.4M | New |
| EYE National Vision Holdings Inc. | 1.80% | 1,225,001 | $15.7M | New |
| BVS Bioventus Inc. Class A | 1.78% | 1,692,149 | $15.5M | New |
| SN Sharkninja Inc. | 1.53% | 159,609 | $13.3M | Reduce -77.7% |
| HNST The Honest Co. Inc. | 1.53% | 2,830,724 | $13.3M | Reduce -17.3% |
| ESTA Establishment Labs Holdings | 1.46% | 311,072 | $12.7M | Add +106.3% |
| RELY Remitly Global Inc. | 1.29% | 537,295 | $11.2M | Reduce -38.6% |
| ZETA Zeta Global Holdings Corp. Class A | 1.18% | 755,000 | $10.2M | New |
| CLS Celestica Inc. | 1.13% | 125,000 | $9.9M | New |
| FIVN FIVE9 Inc. | 1.07% | 343,154 | $9.3M | Add +243.2% |
| COIN Coinbase Global Inc. Class A | 1.04% | 52,521 | $9.0M | New |
| ANGO Angiodynamics Inc. | 1.04% | 960,065 | $9.0M | Add +86.5% |
| EOLS Evolus Inc. | 1.00% | 720,721 | $8.7M | New |
| CDNA Caredx Inc. | 0.95% | 466,938 | $8.3M | Reduce -34.4% |
| TMDX Transmedics Group Inc. | 0.88% | 113,871 | $7.7M | Reduce -28.1% |
| WLDN Willdan Group Inc. | 0.81% | 171,922 | $7.0M | Add +210.7% |
| WGS Genedx Holdings Corp. | 0.74% | 73,146 | $6.5M | Reduce -74.6% |
| BXC Bluelinx Holdings Inc. | 0.72% | 83,141 | $6.2M | Add +26.9% |
| MOD Modine Manufacturing Co. | 0.68% | 77,000 | $5.9M | New |
| ASO Academy Sports & Outdoors Inc. | 0.52% | 100,000 | $4.6M | New |
| PTON Peloton Interactive Inc. Class A | 0.50% | 683,390 | $4.3M | Reduce -17.2% |
| BRBR Bellring Brands Inc. | 0.48% | 55,780 | $4.2M | Add +0.0% |
| SIBN Si-Bone Inc. | 0.47% | 288,428 | $4.0M | New |
| SG Sweetgreen Inc. Class A | 0.43% | 150,000 | $3.8M | New |
| RVLV Revolve Group Inc. Class A | 0.40% | 162,193 | $3.5M | New |
| TNDM Tandem Diabetes Care Inc. | 0.38% | 174,692 | $3.3M | Reduce -51.5% |
| DKNG Draftkings Inc. Class A | 0.37% | 97,483 | $3.2M | No change |
| BYRN Byrna Technologies Inc. | 0.34% | 176,377 | $3.0M | New |
| CRMT America's Car-Mart Inc. | 0.31% | 59,281 | $2.7M | Add +1.0% |
| NSSC Napco Security Technologies | 0.30% | 111,566 | $2.6M | No change |
| ANF Abercrombie & Fitch Co. Class A | 0.28% | 32,271 | $2.5M | Reduce -71.9% |
| LOCO El Pollo Loco Holdings Inc. | 0.24% | 206,785 | $2.1M | No change |
| CPRI Capri Holdings Ltd. | 0.23% | 100,000 | $2.0M | New |
| MGPI MGP Ingredients Inc. | 0.22% | 66,473 | $2.0M | New |
| CALX Calix Inc. | 0.22% | 53,022 | $1.9M | Reduce -65.7% |
| REAL The Realreal Inc. filed as THE REALREAL INC | 0.21% | 345,501 | $1.9M | Add +207.6% |
| SRAD Sportradar Group AG-A | 0.20% | 82,279 | $1.8M | Reduce -72.6% |
| KIDS Orthopediatrics Corp. | 0.19% | 66,597 | $1.6M | New |
| VSXY Victoria's Secret & Co. | 0.18% | 85,910 | $1.6M | No change |
| RICK Rci Hospitality Holdings Inc. | 0.18% | 35,667 | $1.5M | New |
| XPOF Xponential Fitness Inc. Class A | 0.17% | 181,858 | $1.5M | No change |
| PRCT Procept Biorobotics Corp. | 0.17% | 24,963 | $1.5M | New |
| ARLO Arlo Technologies Inc. | 0.15% | 130,998 | $1.3M | Add +424.0% |
| BBW Build-A-Bear Workshop Inc. | 0.15% | 34,502 | $1.3M | No change |
| ARHS Arhaus Inc. | 0.14% | 142,556 | $1.2M | No change |
| BRC INC-A | 0.13% | 556,759 | $1.2M | New |
| INGN Inogen Inc. | 0.13% | 155,818 | $1.1M | Reduce -22.1% |
| ATRC Atricure Inc. | 0.13% | 33,690 | $1.1M | Reduce -84.2% |
| EZPW Ezcorp Inc. Class A | 0.12% | 71,102 | $1.0M | Reduce -94.3% |
| ODP The Odp Corp. filed as THE ODP CORP | 0.11% | 68,328 | $979K | No change |
| PTLO Portillo's Inc. Class A | 0.09% | 67,263 | $800K | No change |
| HOG Harley-Davidson Inc. | 0.08% | 28,125 | $710K | New |
| FNKO Funko Inc. Class A | 0.08% | 97,099 | $666K | Reduce -90.6% |
| PACK Ranpak Holdings Corp. | 0.06% | 100,001 | $542K | Reduce -17.2% |
| SNBRQ Sleep Number Corp. | 0.06% | 81,340 | $516K | New |
| AXGN Axogen Inc. | 0.06% | 26,272 | $486K | Reduce -2.6% |
| NPCE Neuropace Inc. | 0.05% | 38,480 | $473K | New |
| YEXT Yext Inc. | 0.05% | 69,130 | $426K | No change |
| TKNO Alpha Teknova Inc. | 0.05% | 78,872 | $409K | New |
| MDXG Mimedx Group Inc. | 0.04% | 48,220 | $366K | No change |
| AIRS Airsculpt Technologies Inc. | 0.04% | 150,000 | $350K | New |
| ZIMV Zimvie Inc. | 0.04% | 29,969 | $324K | No change |
| ZIP Ziprecruiter Inc. Class A | 0.03% | 49,510 | $292K | Reduce -67.0% |
| DXLG Destination XL Group Inc. | 0.03% | 197,937 | $289K | New |
| SRTS Sensus Healthcare Inc. | 0.03% | 58,038 | $275K | New |
| CTRN Citi Trends Inc. | 0.03% | 12,276 | $272K | No change |
| TALK Talkspace Inc. | 0.03% | 103,956 | $266K | No change |
| COUR Coursera Inc. | 0.03% | 32,641 | $217K | No change |
| PBPB Potbelly Corp. | 0.02% | 17,000 | $162K | No change |
| AHCO Adapthealth Corp. | 0.02% | 13,226 | $143K | No change |
| PRPL Purple Innovation Inc. | 0.01% | 138,605 | $105K | No change |
| DBI Designer Brands Inc. Class A | 0.01% | 16,649 | $61K | New |
| BMBL Bumble Inc. Class A | 0.01% | 11,000 | $48K | No change |
Options reported separately and not counted above: EAT calls ($90.0M), RSI calls ($23.3M), VITL calls ($9.2M), DAVE calls ($1.5M).
Portfolio Sells Q4 2024 → Q1 2025
| SN Sharkninja Inc. | Reduce -77.7% | 1.53% | −7.17 |
| JILL J. Jill Inc. | Reduce -13.0% | 3.11% | −2.39 |
| WGS Genedx Holdings Corp. | Reduce -74.6% | 0.74% | −2.02 |
| GPGI Gpgi Inc. | Sold out | 0.00% | −2.01 |
| ANF Abercrombie & Fitch Co. Class A | Reduce -71.9% | 0.28% | −1.86 |
| DESP Despegar.com Corp. | Sold out | 0.00% | −1.81 |
| EZPW Ezcorp Inc. Class A | Reduce -94.3% | 0.12% | −1.78 |
| FNKO Funko Inc. Class A | Reduce -90.6% | 0.08% | −1.65 |
| HNST The Honest Co. Inc. | Reduce -17.3% | 1.53% | −1.43 |
| MCW Mister Car Wash Inc. | Sold out | 0.00% | −1.30 |
| TNDM Tandem Diabetes Care Inc. | Reduce -51.5% | 0.38% | −1.24 |
| RELY Remitly Global Inc. | Reduce -38.6% | 1.29% | −1.18 |
| HZO Marinemax Inc. | Sold out | 0.00% | −1.06 |
| CVNA Carvana Co. | Reduce -16.5% | 3.96% | −1.06 |
| CDNA Caredx Inc. | Reduce -34.4% | 0.95% | −0.95 |
| EAT Brinker International Inc. | Reduce -17.3% | 5.22% | −0.87 |
| UTI Universal Technical Institut | Sold out | 0.00% | −0.84 |
| AS Amer Sports Inc. | Sold out | 0.00% | −0.77 |
| ATRC Atricure Inc. | Reduce -84.2% | 0.13% | −0.69 |
| CLFD Clearfield Inc. | Sold out | 0.00% | −0.69 |
| VMD Viemed Healthcare Inc. | Sold out | 0.00% | −0.65 |
| CARG Cargurus Inc. | Sold out | 0.00% | −0.62 |
| SYM Symbotic Inc. | Sold out | 0.00% | −0.56 |
| CALX Calix Inc. | Reduce -65.7% | 0.22% | −0.46 |
| SRAD Sportradar Group AG-A | Reduce -72.6% | 0.20% | −0.45 |
| COCO The Vita Coco Co. Inc. | Sold out | 0.00% | −0.42 |
| PTON Peloton Interactive Inc. Class A | Reduce -17.2% | 0.50% | −0.40 |
| LWAY Lifeway Foods Inc. | Sold out | 0.00% | −0.37 |
| TMDX Transmedics Group Inc. | Reduce -28.1% | 0.88% | −0.35 |
| QNST Quinstreet Inc. | Sold out | 0.00% | −0.35 |
| CHGG Chegg Inc. | Sold out | 0.00% | −0.22 |
| ATEC Alphatec Holdings Inc. | Sold out | 0.00% | −0.14 |
| HIMS Hims & Hers Health Inc. | Reduce -13.8% | 3.78% | −0.12 |
| FATAQ Fat Brands Inc. Class A | Sold out | 0.00% | −0.12 |
| ZIP Ziprecruiter Inc. Class A | Reduce -67.0% | 0.03% | −0.10 |
| INGN Inogen Inc. | Reduce -22.1% | 0.13% | −0.10 |
| SPIR Spire Global Inc. | Sold out | 0.00% | −0.07 |
| LTH Life Time Group Holdings Inc. | Sold out | 0.00% | −0.07 |
| AIOT Powerfleet Inc. | Sold out | 0.00% | −0.07 |
| RAMP Liveramp Holdings Inc. | Sold out | 0.00% | −0.06 |
| SKIN Skinhealth Systems Inc. | Sold out | 0.00% | −0.06 |
| PACK Ranpak Holdings Corp. | Reduce -17.2% | 0.06% | −0.04 |
| GKOS Glaukos Corp. | Sold out | 0.00% | −0.03 |
| COMP Compass Inc. Class A | Sold out | 0.00% | −0.01 |
| AXGN Axogen Inc. | Reduce -2.6% | 0.06% | +0.00 |
Portfolio Buys Q4 2024 → Q1 2025
| SEZL Sezzle Inc. | New | 5.25% | +5.25 |
| DAVE Dave Inc. | Add +74.7% | 9.46% | +3.27 |
| CELH Celsius Holdings Inc. | New | 3.24% | +3.24 |
| PRTH Priority Technology Holdings | Add +1121.2% | 3.69% | +3.12 |
| BLND Blend Labs Inc. Class A | New | 2.42% | +2.42 |
| TPB Turning Point Brands Inc. | New | 2.24% | +2.24 |
| RKT Rocket Cos Inc. Class A | New | 2.01% | +2.01 |
| FLYW Flywire Corp.-Voting | New | 1.88% | +1.88 |
| EYE National Vision Holdings Inc. | New | 1.80% | +1.80 |
| BVS Bioventus Inc. Class A | New | 1.78% | +1.78 |
| GRPN Groupon Inc. | Add +28.2% | 2.89% | +1.30 |
| ZETA Zeta Global Holdings Corp. Class A | New | 1.18% | +1.18 |
| CLS Celestica Inc. | New | 1.13% | +1.13 |
| GENI Genius Sports Ltd. | Add +21.1% | 4.95% | +1.11 |
| COIN Coinbase Global Inc. Class A | New | 1.04% | +1.04 |
| EOLS Evolus Inc. | New | 1.00% | +1.00 |
| MOD Modine Manufacturing Co. | New | 0.68% | +0.68 |
| ESTA Establishment Labs Holdings | Add +106.3% | 1.46% | +0.59 |
| FIVN FIVE9 Inc. | Add +243.2% | 1.07% | +0.56 |
| WLDN Willdan Group Inc. | Add +210.7% | 0.81% | +0.54 |
| ASO Academy Sports & Outdoors Inc. | New | 0.52% | +0.52 |
| SIBN Si-Bone Inc. | New | 0.47% | +0.47 |
| EVER Everquote Inc. Class A | Add +8.0% | 2.00% | +0.46 |
| VITL Vital Farms Inc. | Add +51.1% | 4.15% | +0.46 |
| ANGO Angiodynamics Inc. | Add +86.5% | 1.04% | +0.45 |
| SG Sweetgreen Inc. Class A | New | 0.43% | +0.43 |
| RVLV Revolve Group Inc. Class A | New | 0.40% | +0.40 |
| BYRN Byrna Technologies Inc. | New | 0.34% | +0.34 |
| CPRI Capri Holdings Ltd. | New | 0.23% | +0.23 |
| MGPI MGP Ingredients Inc. | New | 0.22% | +0.22 |
| KIDS Orthopediatrics Corp. | New | 0.19% | +0.19 |
| RICK Rci Hospitality Holdings Inc. | New | 0.18% | +0.18 |
| PRCT Procept Biorobotics Corp. | New | 0.17% | +0.17 |
| BRC INC-A | New | 0.13% | +0.13 |
| ARLO Arlo Technologies Inc. | Add +424.0% | 0.15% | +0.11 |
| HOG Harley-Davidson Inc. | New | 0.08% | +0.08 |
| REAL The Realreal Inc. | Add +207.6% | 0.21% | +0.06 |
| SNBRQ Sleep Number Corp. | New | 0.06% | +0.06 |
| NPCE Neuropace Inc. | New | 0.05% | +0.05 |
| TKNO Alpha Teknova Inc. | New | 0.05% | +0.05 |
| AIRS Airsculpt Technologies Inc. | New | 0.04% | +0.04 |
| DXLG Destination XL Group Inc. | New | 0.03% | +0.03 |
| SRTS Sensus Healthcare Inc. | New | 0.03% | +0.03 |
| DBI Designer Brands Inc. Class A | New | 0.01% | +0.01 |
| BRBR Bellring Brands Inc. | Add +0.0% | 0.48% | −0.05 |
| CRMT America's Car-Mart Inc. | Add +1.0% | 0.31% | −0.07 |
| BXC Bluelinx Holdings Inc. | Add +26.9% | 0.72% | −0.12 |
| RSI Rush Street Interactive Inc. | Add +28.3% | 7.54% | −0.64 |
| RXST Rxsight Inc. | Add +9.0% | 2.57% | −0.92 |
Options Activity Q4 2024 → Q1 2025
| EAT Brinker International Inc. | call | New | 604,000 | $90.0M |
| SN Sharkninja Inc. | call | Sold out | 354,100 | $34.5Mbefore exit |
| RSI Rush Street Interactive Inc. | call | New | 2,175,000 | $23.3M |
| VITL Vital Farms Inc. | call | New | 302,000 | $9.2M |
| RXST Rxsight Inc. | call | Sold out | 150,000 | $5.2Mbefore exit |
| HNST The Honest Co. Inc. | call | Sold out | 500,000 | $3.5Mbefore exit |
| DAVE Dave Inc. | call | Reduce -87.9% | 18,100 | $1.5M |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 140 | $4.3B | SEZL, CVNA, SGHC, DAVE, HIMS |
| Q1 2026 | 115 | $2.1B | SGHC, RSI, DAVE, CELH, CLS |
| Q4 2025 | 88 | $1.8B | SGHC, INDV, AS, CVNA, SN |
| Q3 2025 | 165 | $2.2B | DAVE, SGHC, SEZL, TPB, INDV |
| Q2 2025 | 131 | $1.5B | SEZL, DAVE, RSI, RELY, TPB |
| Q1 2025 | 90 | $869.6M | DAVE, RSI, SEZL, EAT, GENI |
| Q4 2024 | 81 | $799.9M | SN, RSI, DAVE, EAT, JILL |
| Q3 2024 | 70 | $777.2M | CVNA, ANF, RSI, VITL, SN |
| Q2 2024 | 59 | $611.9M | ANF, GRPN, HIMS, SN, RSI |
| Q1 2024 | 55 | $425.9M | ANF, SN, RSI, HIMS, UPWK |