Divisar Capital Management LLC
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), Divisar Capital Management LLC reported 30 stock positions worth $460.7 million. Its top holding was Adtran (ADTN) at 8.7% of the portfolio, followed by Lumentum (LITE, 8.3%) and Vimeo (VMEO, 8.2%). Compared with Q3 2024, it opened 3 new positions, sold out of 4, added to 6 and reduced 16. The biggest buy was Mastercraft Boat (MCFT, shares +30%) and the biggest sale Rxo (RXO, shares −29%).
- Most Recent 13F
- Q2 2026
- Location
- SAN FRANCISCO, CA
- CIK
- 0001645721
- Portfolio Value
- $460.7M (Q4 2024)
- SEC Filing
- 0001645721-25-000009 ↗ filed Feb 14, 2025
Holdings Value
Holdings 30 stocks · $460.7M
| ADTN Adtran Holdings Inc. | 8.69% | 4,806,383 | $40.0M | Reduce -21.0% |
| LITE Lumentum Holdings Inc. | 8.34% | 457,765 | $38.4M | Reduce -38.2% |
| VMEO Vimeo Inc. | 8.17% | 5,879,791 | $37.6M | Reduce -31.6% |
| UCTT Ultra Clean Holdings Inc. | 7.97% | 1,021,995 | $36.7M | Reduce -16.8% |
| FARO Faro Technologies Inc. | 7.59% | 1,378,303 | $35.0M | Reduce -22.7% |
| KLIC Kulicke & Soffa Industries | 7.17% | 708,156 | $33.0M | Reduce -21.8% |
| CALX Calix Inc. | 4.50% | 594,357 | $20.7M | Add +32.6% |
| RXO Rxo Inc. | 4.40% | 849,620 | $20.3M | Reduce -29.1% |
| OEC Orion SA | 4.19% | 1,223,324 | $19.3M | Add +7.0% |
| MCFT Mastercraft Boat Holdings Inc. | 4.17% | 1,006,805 | $19.2M | Add +29.9% |
| LASR Nlight Inc. | 3.96% | 1,739,892 | $18.3M | Reduce -1.2% |
| BC Brunswick Corp. | 3.83% | 272,793 | $17.6M | Add +3.0% |
| PDFS PDF Solutions Inc. | 3.65% | 620,710 | $16.8M | Reduce -8.1% |
| ZUMZ Zumiez Inc. | 2.88% | 691,879 | $13.3M | Add +33.2% |
| COHU Cohu Inc. | 2.53% | 436,348 | $11.7M | Reduce -26.0% |
| BOX Box Inc. Class A | 2.49% | 363,461 | $11.5M | Reduce -39.3% |
| CMRC Commerce.com Inc. filed as BIGCOMMERCE HLDGS INC | 2.49% | 1,872,031 | $11.5M | Add +48.5% |
| SFIX Stitch Fix Inc. Class A | 2.14% | 2,290,220 | $9.9M | Reduce -62.6% |
| NVRI Enviri Corp. | 1.79% | 1,069,945 | $8.2M | Reduce -11.2% |
| PII Polaris Inc. | 1.50% | 120,000 | $6.9M | New |
| TLYS Tilly's Inc. Class A SHRS | 1.17% | 1,266,424 | $5.4M | Reduce -12.5% |
| ANF Abercrombie & Fitch Co. Class A | 1.11% | 34,200 | $5.1M | Reduce -22.1% |
| FN Fabrinet | 1.07% | 22,340 | $4.9M | No change |
| CIVI Civitas Resources Inc. | 1.03% | 103,082 | $4.7M | Reduce -43.2% |
| COHR Coherent Corp. | 0.94% | 45,555 | $4.3M | No change |
| SQNS Sequans Communications S A | 0.84% | 1,107,270 | $3.9M | New |
| MKFG Markforged Holding Corp. | 0.50% | 732,202 | $2.3M | No change |
| FIX Comfort Systems USA Inc. | 0.38% | 4,159 | $1.8M | No change |
| ONTO Onto Innovation Inc. | 0.36% | 10,088 | $1.7M | No change |
| OLO Olo Inc. Class A | 0.17% | 100,000 | $768K | New |
Portfolio Sells Q3 2024 → Q4 2024
| RXO Rxo Inc. | Reduce -29.1% | 4.40% | −1.80 |
| ZUO Zuora Inc. Class A | Sold out | 0.00% | −1.29 |
| BOX Box Inc. Class A | Reduce -39.3% | 2.49% | −1.12 |
| UCTT Ultra Clean Holdings Inc. | Reduce -16.8% | 7.97% | −1.08 |
| VSH Vishay Intertechnology Inc. | Sold out | 0.00% | −1.07 |
| SFIX Stitch Fix Inc. Class A | Reduce -62.6% | 2.14% | −1.04 |
| VPG Vishay Precision Group | Sold out | 0.00% | −0.84 |
| SEQUANS COMMUNICATIONS S A | Sold out | 0.00% | −0.78 |
| CIVI Civitas Resources Inc. | Reduce -43.2% | 1.03% | −0.67 |
| NVRI Enviri Corp. | Reduce -11.2% | 1.79% | −0.51 |
| KLIC Kulicke & Soffa Industries | Reduce -21.8% | 7.17% | −0.37 |
| LITE Lumentum Holdings Inc. | Reduce -38.2% | 8.34% | −0.32 |
| PDFS PDF Solutions Inc. | Reduce -8.1% | 3.65% | −0.30 |
| COHU Cohu Inc. | Reduce -26.0% | 2.53% | −0.27 |
| TLYS Tilly's Inc. Class A SHRS | Reduce -12.5% | 1.17% | −0.19 |
| ANF Abercrombie & Fitch Co. Class A | Reduce -22.1% | 1.11% | −0.02 |
| VMEO Vimeo Inc. | Reduce -31.6% | 8.17% | +0.16 |
| LASR Nlight Inc. | Reduce -1.2% | 3.96% | +0.49 |
| FARO Faro Technologies Inc. | Reduce -22.7% | 7.59% | +1.29 |
| ADTN Adtran Holdings Inc. | Reduce -21.0% | 8.69% | +2.04 |
Portfolio Buys Q3 2024 → Q4 2024
| MCFT Mastercraft Boat Holdings Inc. | Add +29.9% | 4.17% | +1.56 |
| PII Polaris Inc. | New | 1.50% | +1.50 |
| CALX Calix Inc. | Add +32.6% | 4.50% | +1.29 |
| CMRC Commerce.com Inc. | Add +48.5% | 2.49% | +1.13 |
| SQNS Sequans Communications S A | New | 0.84% | +0.84 |
| ZUMZ Zumiez Inc. | Add +33.2% | 2.88% | +0.84 |
| OEC Orion SA | Add +7.0% | 4.19% | +0.44 |
| OLO Olo Inc. Class A | New | 0.17% | +0.17 |
| BC Brunswick Corp. | Add +3.0% | 3.83% | −0.27 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 28 | $434.0M | ONTO, PII, MKSI, BC, KLIC |
| Q1 2026 | 26 | $392.4M | ONTO, UCTT, PII, BC, LITE |
| Q4 2025 | 26 | $355.9M | ONTO, LITE, ADTN, PII, UCTT |
| Q3 2025 | 25 | $367.6M | LITE, ADTN, UCTT, PII, KLIC |
| Q2 2025 | 26 | $432.3M | ADTN, LITE, VMEO, KLIC, UCTT |
| Q1 2025 | 29 | $384.5M | VMEO, ADTN, KLIC, FARO, LITE |
| Q4 2024 | 30 | $460.7M | ADTN, LITE, VMEO, UCTT, FARO |
| Q3 2024 | 31 | $542.1M | UCTT, LITE, VMEO, KLIC, ADTN |
| Q2 2024 | 34 | $527.8M | LITE, UCTT, KLIC, VMEO, ADTN |
| Q1 2024 | 34 | $520.5M | UCTT, LITE, KLIC, FARO, VMEO |