Divisar Capital Management LLC
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 15, 2026), Divisar Capital Management LLC reported 26 stock positions worth $392.4 million. Its top holding was Onto Innovation (ONTO) at 10.1% of the portfolio, followed by Ultra Clean (UCTT, 6.7%) and Polaris (PII, 6.6%). Compared with Q4 2025, it opened 2 new positions, sold out of 2, added to 12 and reduced 10. The biggest buy was Box Class A (BOX, shares +239%) and the biggest sale Lumentum (LITE, shares −60%).
- Most Recent 13F
- Q2 2026
- Location
- SAN FRANCISCO, CA
- CIK
- 0001645721
- Portfolio Value
- $392.4M (Q1 2026)
- SEC Filing
- 0001645721-26-000008 ↗ filed May 15, 2026
Holdings Value
Holdings 26 stocks · $392.4M
| ONTO Onto Innovation Inc. | 10.10% | 193,253 | $39.6M | Reduce -9.0% |
| UCTT Ultra Clean Holdings Inc. | 6.66% | 420,049 | $26.1M | Reduce -55.8% |
| PII Polaris Inc. | 6.64% | 477,877 | $26.0M | Add +18.1% |
| BC Brunswick Corp. | 6.49% | 349,770 | $25.4M | Add +13.3% |
| LITE Lumentum Holdings Inc. | 6.31% | 35,223 | $24.8M | Reduce -59.5% |
| OEC Orion SA | 5.91% | 3,567,263 | $23.2M | Add +30.1% |
| ADTN Adtran Holdings Inc. | 5.67% | 1,769,439 | $22.3M | Reduce -40.8% |
| KLIC Kulicke & Soffa Industries | 5.31% | 316,887 | $20.8M | Reduce -34.1% |
| PDFS PDF Solutions Inc. | 5.20% | 623,364 | $20.4M | Reduce -18.0% |
| MKSI MKS Inc. | 5.01% | 85,501 | $19.6M | Add +10.3% |
| CALX Calix Inc. | 4.25% | 340,163 | $16.7M | Add +13.4% |
| RXO Rxo Inc. | 3.92% | 1,052,525 | $15.4M | Add +89.6% |
| BOX Box Inc. Class A | 3.84% | 638,049 | $15.1M | Add +239.3% |
| VERX Vertex Inc. Class A | 3.62% | 1,195,712 | $14.2M | Add +378.3% |
| MCFT Mastercraft Boat Holdings Inc. | 3.62% | 692,276 | $14.2M | Reduce -4.8% |
| TTMI TTM Technologies | 3.14% | 126,639 | $12.3M | Reduce -7.8% |
| CMRC Commerce.com Inc. | 2.67% | 3,926,896 | $10.5M | Add +4.0% |
| WEAV Weave Communications Inc. | 2.17% | 1,840,100 | $8.5M | Add +217.0% |
| ZUMZ Zumiez Inc. | 1.63% | 289,102 | $6.4M | Add +11.6% |
| DIN Dine Brands Global Inc. | 1.62% | 242,267 | $6.4M | New |
| ANF Abercrombie & Fitch Co. Class A | 1.50% | 64,308 | $5.9M | Add +15.2% |
| LASR Nlight Inc. | 1.28% | 88,314 | $5.0M | Reduce -69.4% |
| THRM Gentherm Inc. | 1.13% | 158,972 | $4.4M | No change |
| VIAV Viavi Solutions Inc. | 1.11% | 131,353 | $4.4M | Reduce -31.2% |
| FN Fabrinet | 1.01% | 7,570 | $3.9M | No change |
| OXM Oxford Industries Inc. | 0.21% | 21,096 | $812K | New |
Portfolio Sells Q4 2025 → Q1 2026
| LITE Lumentum Holdings Inc. | Reduce -59.5% | 6.31% | −2.70 |
| LASR Nlight Inc. | Reduce -69.4% | 1.28% | −1.76 |
| ADTN Adtran Holdings Inc. | Reduce -40.8% | 5.67% | −1.62 |
| COHU Cohu Inc. | Sold out | 0.00% | −1.42 |
| PDFS PDF Solutions Inc. | Reduce -18.0% | 5.20% | −0.89 |
| KLIC Kulicke & Soffa Industries | Reduce -34.1% | 5.31% | −0.85 |
| SFIX Stitch Fix Inc. Class A | Sold out | 0.00% | −0.67 |
| MCFT Mastercraft Boat Holdings Inc. | Reduce -4.8% | 3.62% | −0.24 |
| UCTT Ultra Clean Holdings Inc. | Reduce -55.8% | 6.66% | −0.10 |
| VIAV Viavi Solutions Inc. | Reduce -31.2% | 1.11% | +0.16 |
| TTMI TTM Technologies | Reduce -7.8% | 3.14% | +0.48 |
| ONTO Onto Innovation Inc. | Reduce -9.0% | 10.10% | +0.68 |
Portfolio Buys Q4 2025 → Q1 2026
| BOX Box Inc. Class A | Add +239.3% | 3.84% | +2.26 |
| VERX Vertex Inc. Class A | Add +378.3% | 3.62% | +2.22 |
| RXO Rxo Inc. | Add +89.6% | 3.92% | +1.95 |
| OEC Orion SA | Add +30.1% | 5.91% | +1.84 |
| DIN Dine Brands Global Inc. | New | 1.62% | +1.62 |
| MKSI MKS Inc. | Add +10.3% | 5.01% | +1.53 |
| WEAV Weave Communications Inc. | Add +217.0% | 2.17% | +0.93 |
| OXM Oxford Industries Inc. | New | 0.21% | +0.21 |
| BC Brunswick Corp. | Add +13.3% | 6.49% | +0.05 |
| CALX Calix Inc. | Add +13.4% | 4.25% | −0.21 |
| ZUMZ Zumiez Inc. | Add +11.6% | 1.63% | −0.26 |
| ANF Abercrombie & Fitch Co. Class A | Add +15.2% | 1.50% | −0.48 |
| PII Polaris Inc. | Add +18.1% | 6.64% | −0.55 |
| CMRC Commerce.com Inc. | Add +4.0% | 2.67% | −1.70 |
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 |