Divisadero Street Capital Management, LP

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 15, 2026), Divisadero Street Capital Management, LP reported 115 stock positions worth $2.1 billion. Its top holding was Super Group SGHC (SGHC) at 8.3% of the portfolio, followed by Rush Street Interactive (RSI, 6.5%) and Dave (DAVE, 5.2%). Compared with Q4 2025, it opened 41 new positions, sold out of 14, added to 27 and reduced 23. The biggest buy was Rush Street Interactive (RSI, shares +129%) and the biggest sale Indivior Pharmaceuticals (INDV, shares −81%).

Most Recent 13F
Q2 2026
Location
MIAMI, FL
CIK
0001901865
Portfolio Value
$2.1B (Q1 2026)
SEC Filing
0001901865-26-000001 ↗ filed May 15, 2026

Holdings Value

0$1.0B$2.0B$3.0B$4.0B$5.0B Q1 2024: $425.9M Q1 2024 Q2 2024: $611.9M Q2 2024 Q3 2024: $777.2M Q3 2024 Q4 2024: $799.9M Q4 2024 Q1 2025: $869.6M Q1 2025 Q2 2025: $1.5B Q2 2025 Q3 2025: $2.2B Q3 2025 Q4 2025: $1.8B Q4 2025 Q1 2026: $2.1B $2.1B Q1 2026 Q2 2026: $4.3B Q2 2026

Holdings 115 stocks · $2.1B
SGHC Super Group SGHC Ltd. 8.25% 16,325,471 $176.3M Add +39.0%
RSI Rush Street Interactive Inc. 6.54% 6,426,679 $139.8M Add +129.4%
DAVE Dave Inc. 5.22% 640,840 $111.6M Add +145.0%
CELH Celsius Holdings Inc. 4.21% 2,535,310 $90.0M Add +56.5%
CLS Celestica Inc. 4.03% 305,816 $86.1M Add +74.7%
SEZL Sezzle Inc. 3.89% 1,311,614 $83.0M Add +16.8%
SN Sharkninja Inc. 3.81% 769,163 $81.5M No change
OMDA Omada Health Inc. 3.46% 5,887,715 $74.0M Add +1153.8%
CVNA Carvana Co. 3.34% 226,636 $71.2M Add +3.9%
FLYW Flywire Corp.-Voting 3.31% 6,070,594 $70.7M Add +4.9%
LITE Lumentum Holdings Inc. 3.07% 93,192 $65.5M Reduce -21.1%
APEI American Public Education 2.80% 1,052,069 $59.8M Reduce -37.1%
VSXY Victoria's Secret & Co. 2.56% 1,178,175 $54.6M Add +138.8%
FIGS Figs Inc. Class A 2.21% 3,196,396 $47.2M Reduce -27.5%
BULL Webull Corp. 2.15% 9,548,219 $45.8M Add +1093.5%
REAL The Realreal Inc. filed as THE REALREAL INC 1.85% 4,342,757 $39.4M Add +37.9%
BBW Build-A-Bear Workshop Inc. 1.80% 1,024,970 $38.4M Reduce -18.1%
EAT Brinker International Inc. 1.73% 258,228 $36.9M New
AXGN Axogen Inc. 1.70% 1,095,881 $36.3M Add +117.5%
LINC Lincoln Educational Services 1.57% 825,556 $33.6M New
ATRC Atricure Inc. 1.55% 1,159,955 $33.1M New
XPEL Xpel Inc. 1.49% 720,425 $31.9M New
WTTR Select Water Solutions Inc. 1.36% 1,901,651 $29.1M New
LWAY Lifeway Foods Inc. 1.28% 1,408,768 $27.2M Add +4.5%
LRN Stride Inc. 1.27% 308,500 $27.2M New
TPB Turning Point Brands Inc. 1.20% 295,578 $25.7M Reduce -44.4%
COMP Compass Inc. Class A 1.16% 3,389,927 $24.8M Add +171.2%
HNGE Hinge Health Inc. Class A 1.03% 570,659 $22.0M Add +2216.1%
PRCT Procept Biorobotics Corp. 1.01% 866,338 $21.7M New
CTRN Citi Trends Inc. 1.00% 494,046 $21.4M Add +143.2%
TREE Lendingtree Inc. 0.94% 469,269 $20.1M New
ADPT Adaptive Biotechnologies 0.86% 1,318,661 $18.3M Add +264.9%
EYE National Vision Holdings Inc. 0.84% 696,032 $18.0M Add +97.8%
KRUS Kura Sushi USA Inc. Class A 0.81% 248,812 $17.4M New
RELY Remitly Global Inc. 0.77% 1,053,557 $16.5M Add +1614.1%
INDV Indivior Pharmaceuticals Inc. 0.74% 521,083 $15.9M Reduce -81.3%
CODI Compass Diversified Holdings 0.71% 1,930,254 $15.2M New
CALX Calix Inc. 0.70% 305,670 $15.0M New
VCEL Vericel Corp. 0.64% 422,178 $13.6M Add +87.6%
WLDN Willdan Group Inc. 0.59% 164,987 $12.6M Reduce -44.8%
TSEM Tower Semiconductor Ltd. 0.57% 70,000 $12.3M New
EZPW Ezcorp Inc. Class A 0.55% 458,856 $11.6M Add +231.3%
CECO Ceco Environmental Corp. 0.52% 187,600 $11.2M New
AVGO Broadcom Inc. 0.51% 35,000 $10.8M New
HIMS Hims & Hers Health Inc. 0.46% 469,833 $9.8M No change
AS Amer Sports Inc. 0.45% 292,784 $9.6M Reduce -88.3%
PGNY Progyny Inc. 0.45% 563,609 $9.6M Add +55.0%
JOUT Johnson Outdoors Inc. Class A 0.41% 190,057 $8.8M Reduce -9.3%
BRBR Bellring Brands Inc. 0.39% 523,740 $8.4M Add +838.9%
WRBY Warby Parker Inc. Class A 0.38% 383,909 $8.1M New
VITL Vital Farms Inc. 0.36% 551,855 $7.8M Add +3.2%
HOOD Robinhood Markets Inc. Class A 0.32% 100,000 $6.9M New
FSLY Fastly Inc. Class A 0.31% 225,000 $6.5M New
ANGO Angiodynamics Inc. 0.30% 562,153 $6.4M New
UCTT Ultra Clean Holdings Inc. 0.29% 100,000 $6.2M New
TCMD Tactile Systems Technology I 0.29% 237,884 $6.2M New
LOCO El Pollo Loco Holdings Inc. 0.28% 432,295 $6.0M Reduce -37.6%
BXC Bluelinx Holdings Inc. 0.26% 103,141 $5.6M No change
ONTO Onto Innovation Inc. 0.25% 26,500 $5.4M New
BLND Blend Labs Inc. Class A 0.25% 3,175,092 $5.4M Reduce -44.3%
GRPN Groupon Inc. 0.25% 444,965 $5.3M No change
JBL Jabil Inc. 0.24% 19,500 $5.2M New
COCO The Vita Coco Co. Inc. 0.24% 107,243 $5.1M New
VVV Valvoline Inc. 0.24% 150,000 $5.1M New
PM Philip Morris International 0.22% 28,244 $4.7M No change
DCTH Delcath Systems Inc. 0.22% 499,796 $4.6M No change
FTK Flotek Industries Inc. 0.21% 269,262 $4.6M Reduce -20.2%
HZO Marinemax Inc. 0.21% 163,646 $4.4M New
NVDA Nvidia Corp. 0.20% 25,000 $4.4M New
AFRM Affirm Holdings Inc. 0.20% 95,071 $4.4M New
DKNG Draftkings Inc. Class A 0.20% 200,237 $4.3M Reduce -60.1%
XMTR Xometry Inc. Class A 0.16% 82,172 $3.4M New
TDUP Thredup Inc. Class A 0.15% 993,949 $3.3M No change
PRTH Priority Technology Holdings 0.14% 653,019 $3.1M Reduce -38.3%
BHE Benchmark Electronics Inc. 0.14% 53,047 $3.0M New
ARLO Arlo Technologies Inc. 0.13% 200,000 $2.8M Reduce -37.6%
ZUMZ Zumiez Inc. 0.13% 124,549 $2.8M No change
ANF Abercrombie & Fitch Co. Class A 0.13% 30,000 $2.7M New
ACVA Acv Auctions Inc. Class A 0.12% 609,100 $2.6M New
STUB Stubhub Holdings Inc. Class A 0.11% 384,638 $2.4M New
UPST Upstart Holdings Inc. 0.11% 89,589 $2.3M Reduce -75.8%
NSSC Napco Security Technologies 0.09% 50,799 $2.0M Reduce -93.7%
WING Wingstop Inc. 0.09% 12,857 $2.0M No change
FLUT Flutter Entertainment PLC-Di 0.09% 19,191 $2.0M New
HTZ Hertz Global Hldgs Inc. 0.09% 400,000 $1.8M New
FOXF Fox Factory Holding Corp. 0.08% 100,000 $1.6M No change
ADTN Adtran Holdings Inc. 0.07% 121,731 $1.5M Reduce -4.5%
SG Sweetgreen Inc. Class A 0.07% 273,270 $1.4M Add +7.1%
GRSD Grandstand Ltd. filed as GAMBLING COM GROUP LIMITED 0.06% 305,694 $1.2M No change
SRTS Sensus Healthcare Inc. 0.05% 286,078 $1.1M Reduce -4.3%
SFIX Stitch Fix Inc. Class A 0.05% 311,747 $1.0M New
ONEW Onewater Marine Inc. Class A 0.05% 108,000 $1.0M No change
MED Medifast Inc. 0.04% 79,839 $814K No change
MAX Mediaalpha Inc. Class A 0.04% 86,907 $808K Reduce -89.8%
ZVIA Zevia PBC-A 0.03% 577,497 $676K Reduce -82.0%
LOVE The Lovesac Co. 0.03% 38,115 $563K No change
DSP Viant Technology Inc. Class A 0.03% 49,445 $554K New
INGN Inogen Inc. 0.03% 88,136 $545K No change
FLWS 1-800-Flowers.com Inc. Class A 0.02% 172,395 $524K No change
LFMD Lifemd Inc. 0.02% 135,826 $490K No change

Show all 115 holdings

Options reported separately and not counted above: SUPER GROUP SGHC LIMITED calls ($157.0M), DAVE INC calls ($84.4M), PROCEPT BIOROBOTICS CORP calls ($14.4M).

Portfolio Sells Q4 2025 → Q1 2026
INDV Indivior Pharmaceuticals Inc. Reduce -81.3% 0.74% −4.95
AS Amer Sports Inc. Reduce -88.3% 0.45% −4.85
BBW Build-A-Bear Workshop Inc. Reduce -18.1% 1.80% −2.57
TPB Turning Point Brands Inc. Reduce -44.4% 1.20% −2.08
IMAX Imax Corp. Sold out 0.00% −2.03
NSSC Napco Security Technologies Reduce -93.7% 0.09% −1.83
WLDN Willdan Group Inc. Reduce -44.8% 0.59% −1.17
PORCH GROUP INC (PRCH 9 05/15/30) Sold out 0.00% −0.84
UPST Upstart Holdings Inc. Reduce -75.8% 0.11% −0.81
APEI American Public Education Reduce -37.1% 2.80% −0.80
DKNG Draftkings Inc. Class A Reduce -60.1% 0.20% −0.78
ENVA Enova International Inc. Sold out 0.00% −0.74
BLND Blend Labs Inc. Class A Reduce -44.3% 0.25% −0.73
ROST Ross Stores Inc. Sold out 0.00% −0.70
TTMI TTM Technologies Sold out 0.00% −0.65
FIGS Figs Inc. Class A Reduce -27.5% 2.21% −0.64
PHAT Phathom Pharmaceuticals Inc. Sold out 0.00% −0.63
MAX Mediaalpha Inc. Class A Reduce -89.8% 0.04% −0.59
ZVIA Zevia PBC-A Reduce -82.0% 0.03% −0.39
CBLL Ceribell Inc. Sold out 0.00% −0.24
PRTH Priority Technology Holdings Reduce -38.3% 0.14% −0.18
REVG Rev Group Inc. Sold out 0.00% −0.17
LOCO El Pollo Loco Holdings Inc. Reduce -37.6% 0.28% −0.13
ARLO Arlo Technologies Inc. Reduce -37.6% 0.13% −0.12
FTK Flotek Industries Inc. Reduce -20.2% 0.21% −0.12
JOUT Johnson Outdoors Inc. Class A Reduce -9.3% 0.41% −0.09
BVS Bioventus Inc. Class A Sold out 0.00% −0.08
PACK Ranpak Holdings Corp. Sold out 0.00% −0.08
JILL J. Jill Inc. Reduce -80.2% 0.01% −0.07
BBNX Beta Bionics Inc. Sold out 0.00% −0.07
NEO Neogenomics Inc. Sold out 0.00% −0.07
ARHS Arhaus Inc. Sold out 0.00% −0.04
NTGR Netgear Inc. Sold out 0.00% −0.04
LFVN Lifevantage Corp. Reduce -61.7% 0.01% −0.02
SRTS Sensus Healthcare Inc. Reduce -4.3% 0.05% −0.01
ADTN Adtran Holdings Inc. Reduce -4.5% 0.07% +0.01
LITE Lumentum Holdings Inc. Reduce -21.1% 3.07% +0.59

Portfolio Buys Q4 2025 → Q1 2026
RSI Rush Street Interactive Inc. Add +129.4% 6.54% +3.44
OMDA Omada Health Inc. Add +1153.8% 3.46% +3.04
DAVE Dave Inc. Add +145.0% 5.22% +1.92
BULL Webull Corp. Add +1093.5% 2.15% +1.79
EAT Brinker International Inc. New 1.73% +1.73
LINC Lincoln Educational Services New 1.57% +1.57
ATRC Atricure Inc. New 1.55% +1.55
XPEL Xpel Inc. New 1.49% +1.49
WTTR Select Water Solutions Inc. New 1.36% +1.36
LRN Stride Inc. New 1.27% +1.27
CLS Celestica Inc. Add +74.7% 4.03% +1.09
VSXY Victoria's Secret & Co. Add +138.8% 2.56% +1.03
PRCT Procept Biorobotics Corp. New 1.01% +1.01
HNGE Hinge Health Inc. Class A Add +2216.1% 1.03% +0.96
TREE Lendingtree Inc. New 0.94% +0.94
KRUS Kura Sushi USA Inc. Class A New 0.81% +0.81
AXGN Axogen Inc. Add +117.5% 1.70% +0.76
RELY Remitly Global Inc. Add +1614.1% 0.77% +0.72
CODI Compass Diversified Holdings New 0.71% +0.71
CALX Calix Inc. New 0.70% +0.70
TSEM Tower Semiconductor Ltd. New 0.57% +0.57
CECO Ceco Environmental Corp. New 0.52% +0.52
ADPT Adaptive Biotechnologies Add +264.9% 0.86% +0.52
CTRN Citi Trends Inc. Add +143.2% 1.00% +0.52
AVGO Broadcom Inc. New 0.51% +0.51
COMP Compass Inc. Class A Add +171.2% 1.16% +0.41
EZPW Ezcorp Inc. Class A Add +231.3% 0.55% +0.39
WRBY Warby Parker Inc. Class A New 0.38% +0.38
EYE National Vision Holdings Inc. Add +97.8% 0.84% +0.33
HOOD Robinhood Markets Inc. Class A New 0.32% +0.32
BRBR Bellring Brands Inc. Add +838.9% 0.39% +0.31
FSLY Fastly Inc. Class A New 0.31% +0.31
ANGO Angiodynamics Inc. New 0.30% +0.30
UCTT Ultra Clean Holdings Inc. New 0.29% +0.29
TCMD Tactile Systems Technology I New 0.29% +0.29
SGHC Super Group SGHC Ltd. Add +39.0% 8.25% +0.26
ONTO Onto Innovation Inc. New 0.25% +0.25
JBL Jabil Inc. New 0.24% +0.24
COCO The Vita Coco Co. Inc. New 0.24% +0.24
VVV Valvoline Inc. New 0.24% +0.24
HZO Marinemax Inc. New 0.21% +0.21
NVDA Nvidia Corp. New 0.20% +0.20
AFRM Affirm Holdings Inc. New 0.20% +0.20
VCEL Vericel Corp. Add +87.6% 0.64% +0.17
XMTR Xometry Inc. Class A New 0.16% +0.16
BHE Benchmark Electronics Inc. New 0.14% +0.14
ANF Abercrombie & Fitch Co. Class A New 0.13% +0.13
ACVA Acv Auctions Inc. Class A New 0.12% +0.12
STUB Stubhub Holdings Inc. Class A New 0.11% +0.11
FLUT Flutter Entertainment PLC-Di New 0.09% +0.09

Options Activity Q4 2025 → Q1 2026
DAVE Dave Inc. call Sold out 725,100 $160.5Mbefore exit
SUPER GROUP SGHC LIMITED call New 14,537,600 $157.0M
SGHC Super Group SGHC Ltd. call Sold out 12,386,900 $148.0Mbefore exit
DAVE INC call New 485,000 $84.4M
CELH Celsius Holdings Inc. call Sold out 910,000 $41.6Mbefore exit
RSI Rush Street Interactive Inc. call Sold out 1,610,100 $31.3Mbefore exit
PROCEPT BIOROBOTICS CORP call New 574,100 $14.4M

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 140$4.3BSEZL, CVNA, SGHC, DAVE, HIMS
Q1 2026 115$2.1BSGHC, RSI, DAVE, CELH, CLS
Q4 2025 88$1.8BSGHC, INDV, AS, CVNA, SN
Q3 2025 165$2.2BDAVE, SGHC, SEZL, TPB, INDV
Q2 2025 131$1.5BSEZL, DAVE, RSI, RELY, TPB
Q1 2025 90$869.6MDAVE, RSI, SEZL, EAT, GENI
Q4 2024 81$799.9MSN, RSI, DAVE, EAT, JILL
Q3 2024 70$777.2MCVNA, ANF, RSI, VITL, SN
Q2 2024 59$611.9MANF, GRPN, HIMS, SN, RSI
Q1 2024 55$425.9MANF, SN, RSI, HIMS, UPWK