Potrero Capital Research LLC
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 15, 2026), Potrero Capital Research LLC reported 31 stock positions worth $162.9 million. Its top holding was Blackline (BL) at 9.6% of the portfolio, followed by Seagate Technology (STX, 6.8%) and Birkenstock (BIRK, 6.7%). Compared with Q4 2025, it opened 11 new positions, sold out of 14, added to 3 and reduced 15. The biggest buy was a new position in Birkenstock (BIRK) and the biggest sale Talen Energy (TLN, shares −87%).
- Most Recent 13F
- Q2 2026
- Location
- SAN FRANCISCO, CA
- CIK
- 0001536630
- Portfolio Value
- $162.9M (Q1 2026)
- SEC Filing
- 0001536630-26-000005 ↗ filed May 15, 2026
Holdings Value
Holdings 31 stocks · $162.9M
| BL Blackline Inc. | 9.56% | 421,149 | $15.6M | Add +13.7% |
| STX Seagate Technology Holdings | 6.81% | 28,340 | $11.1M | Reduce -54.0% |
| BIRK Birkenstock Holding PLC | 6.69% | 304,339 | $10.9M | New |
| TAC Transalta Corp. | 6.36% | 790,373 | $10.4M | Reduce -54.2% |
| AMRZ Amrize Ltd. | 5.75% | 167,358 | $9.4M | Reduce -23.6% |
| YETI Yeti Holdings Inc. filed as YETI HLDGS INC | 5.73% | 254,953 | $9.3M | Reduce -20.5% |
| GLW Corning Inc. | 5.48% | 65,720 | $8.9M | New |
| ATEX Anterix Inc. | 5.38% | 229,561 | $8.8M | New |
| CROX Crocs Inc. | 5.15% | 100,990 | $8.4M | New |
| GEV GE Vernova Inc. | 4.87% | 9,085 | $7.9M | Reduce -33.4% |
| NOK Nokia Corp.-Spon ADR | 4.63% | 939,065 | $7.6M | New |
| AD Array Digital Infrastructure | 4.54% | 160,434 | $7.4M | Add +79.6% |
| BILL Bill Holdings Inc. | 4.03% | 171,360 | $6.6M | Reduce -14.3% |
| GMTL Guardian Metal Resources | 3.86% | 359,507 | $6.3M | New |
| HNGE Hinge Health Inc. Class A | 2.77% | 117,162 | $4.5M | New |
| TPB Turning Point Brands Inc. | 2.59% | 48,527 | $4.2M | Reduce -54.5% |
| TLN Talen Energy Corp. | 2.04% | 10,418 | $3.3M | Reduce -86.6% |
| SPT Sprout Social Inc. Class A | 1.95% | 556,606 | $3.2M | Add +46.4% |
| WEAV Weave Communications Inc. | 1.76% | 619,392 | $2.9M | Reduce -20.2% |
| NXDR Nextdoor Holdings Inc. | 1.67% | 1,942,617 | $2.7M | Reduce -23.7% |
| AKAM Akamai Technologies Inc. | 1.41% | 20,000 | $2.3M | New |
| MPTI M-Tron Industries Inc. | 1.30% | 31,801 | $2.1M | New |
| ZVIA Zevia PBC-A | 1.25% | 1,743,031 | $2.0M | New |
| CMRC Commerce.com Inc. | 1.23% | 748,662 | $2.0M | Reduce -47.1% |
| SOLS Solstice Adv Materials Inc. | 1.02% | 21,802 | $1.7M | Reduce -47.3% |
| LGN Legence Corp. Class A | 0.87% | 25,059 | $1.4M | Reduce -73.2% |
| BLND Blend Labs Inc. Class A | 0.57% | 549,702 | $934K | Reduce -66.9% |
| FRSH Freshworks Inc. Class A | 0.32% | 64,630 | $519K | Reduce -83.7% |
| BMM Blue Moon Metals Inc. | 0.31% | 78,349 | $512K | New |
| META Meta Platforms Inc. Class A | 0.08% | 218 | $125K | No change |
| BED BATH & BEYOND INC | 0.01% | 34,506 | $19K | No change |
Portfolio Sells Q4 2025 → Q1 2026
| TLN Talen Energy Corp. | Reduce -86.6% | 2.04% | −7.74 |
| MSFT Microsoft Corp. | Sold out | 0.00% | −6.30 |
| DBRG Digitalbridge Group Inc. | Sold out | 0.00% | −5.18 |
| BSTZ BlackRock Sci & Tech TRM TR | Sold out | 0.00% | −4.10 |
| AMBA Ambarella Inc. | Sold out | 0.00% | −3.54 |
| IE Ivanhoe Electric Inc. / US | Sold out | 0.00% | −3.17 |
| U Unity Software Inc. | Sold out | 0.00% | −2.97 |
| CWAN Clearwater Analytics HDS-A | Sold out | 0.00% | −2.84 |
| RDDT Reddit Inc. Class A | Sold out | 0.00% | −2.59 |
| JAMF Jamf Holding Corp. | Sold out | 0.00% | −1.63 |
| FRSH Freshworks Inc. Class A | Reduce -83.7% | 0.32% | −1.32 |
| TPB Turning Point Brands Inc. | Reduce -54.5% | 2.59% | −1.31 |
| UNF Unifirst Corp. | Sold out | 0.00% | −1.30 |
| BLND Blend Labs Inc. Class A | Reduce -66.9% | 0.57% | −1.13 |
| ESTC Elastic NV | Sold out | 0.00% | −1.02 |
| TAC Transalta Corp. | Reduce -54.2% | 6.36% | −0.98 |
| SXT Sensient Technologies Corp. | Sold out | 0.00% | −0.87 |
| CMRC Commerce.com Inc. | Reduce -47.1% | 1.23% | −0.74 |
| METC Ramaco Resources Inc. Class A | Sold out | 0.00% | −0.69 |
| SSD Simpson Manufacturing Co. Inc. | Sold out | 0.00% | −0.50 |
| LGN Legence Corp. Class A | Reduce -73.2% | 0.87% | −0.48 |
| WEAV Weave Communications Inc. | Reduce -20.2% | 1.76% | −0.23 |
| NXDR Nextdoor Holdings Inc. | Reduce -23.7% | 1.67% | −0.13 |
| SOLS Solstice Adv Materials Inc. | Reduce -47.3% | 1.02% | +0.34 |
| BILL Bill Holdings Inc. | Reduce -14.3% | 4.03% | +0.36 |
| YETI Yeti Holdings Inc. | Reduce -20.5% | 5.73% | +0.96 |
| STX Seagate Technology Holdings | Reduce -54.0% | 6.81% | +1.10 |
| AMRZ Amrize Ltd. | Reduce -23.6% | 5.75% | +1.76 |
| GEV GE Vernova Inc. | Reduce -33.4% | 4.87% | +1.87 |
Portfolio Buys Q4 2025 → Q1 2026
| BIRK Birkenstock Holding PLC | New | 6.69% | +6.69 |
| GLW Corning Inc. | New | 5.48% | +5.48 |
| ATEX Anterix Inc. | New | 5.38% | +5.38 |
| CROX Crocs Inc. | New | 5.15% | +5.15 |
| NOK Nokia Corp.-Spon ADR | New | 4.63% | +4.63 |
| GMTL Guardian Metal Resources | New | 3.86% | +3.86 |
| AD Array Digital Infrastructure | Add +79.6% | 4.54% | +2.93 |
| HNGE Hinge Health Inc. Class A | New | 2.77% | +2.77 |
| BL Blackline Inc. | Add +13.7% | 9.56% | +2.67 |
| AKAM Akamai Technologies Inc. | New | 1.41% | +1.41 |
| MPTI M-Tron Industries Inc. | New | 1.30% | +1.30 |
| ZVIA Zevia PBC-A | New | 1.25% | +1.25 |
| SPT Sprout Social Inc. Class A | Add +46.4% | 1.95% | +0.50 |
| BMM Blue Moon Metals Inc. | New | 0.31% | +0.31 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 44 | $163.2M | GMTL, STX, GEV, GLW, CCXI |
| Q1 2026 | 31 | $162.9M | BL, STX, BIRK, TAC, AMRZ |
| Q4 2025 | 34 | $297.0M | TLN, TAC, BL, MSFT, STX |
| Q3 2025 | 37 | $329.1M | TLN, TAC, MSFT, STX, IE |
| Q2 2025 | 24 | $215.1M | TLN, TAC, MSFT, DBRG, TPB |
| Q1 2025 | 18 | $203.5M | TAC, YEXT, UNF, DBRG, MSFT |
| Q4 2024 | 25 | $236.4M | TAC, ZUO, GEV, DBRG, YEXT |
| Q3 2024 | 34 | $297.8M | GEV, ZUO, YEXT, DBRG, VRT |
| Q2 2024 | 27 | $232.0M | ZUO, GEV, SFIX, MSFT, BSTZ |
| Q1 2024 | 25 | $160.9M | BLMN, MSFT, CXM, SFIX, BSTZ |