Westerly Capital Management, LLC In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 15, 2024), Westerly Capital Management, LLC reported 42 stock positions worth $191.7 million . Its top holding was Hippo (HIPO) at 7.8% of the portfolio, followed by Matrix Service (MTRX, 6.0% ) and Asana Class A (ASAN, 4.8% ). Compared with Q4 2023, it opened 8 new positions, sold out of 9, added to 20 and reduced 10. The biggest buy was Hippo (HIPO, shares +26% ) and the biggest sale an exit from Docusign (DOCU).
Location SAN FRANCISCO, CA
CIK 0001546172
Portfolio Value $191.7M (Q1 2024) Holdings 42 stocks · $191.7M Holdings quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q4 2023 HIPO Hippo Holdings Inc. 820,000 $15.0M Add +25.8% MTRX Matrix Service Co. 880,000 $11.5M Add +35.4% ASAN Asana Inc. Class A 600,000 $9.3M Add +659.5% AMBA Ambarella Inc. 175,000 $8.9M Add +400.0% MRVL Marvell Technology Inc. 120,000 $8.5M Add +20.0% XPER Xperi Inc. 700,000 $8.4M Reduce -6.0% ANGI Angi Inc. 3,155,000 $8.3M Reduce -9.2% CGNT Cognyte Software Ltd. 925,000 $7.6M Add +6.3% WDAY Workday Inc. Class A 25,000 $6.8M Add +92.3% INTC Intel Corp. 150,000 $6.6M Reduce -14.3% HDSN Hudson Technologies Inc. 590,000 $6.5M Add +27.4% VIAV Viavi Solutions Inc. 700,000 $6.4M Add +197.9% NXDR Nextdoor Holdings Inc. 2,750,000 $6.2M Add +83.3% CIEN Ciena Corp. 115,000 $5.7M Add +666.7% CSGS CSG Systems Intl Inc. 110,000 $5.7M Reduce -16.3% SNOW Snowflake Inc. 34,000 $5.5M New TDC Teradata Corp. 140,000 $5.4M New HHS Harte-Hanks Inc. 699,000 $5.2M Add +0.3% SCOR Comscore Inc. 310,000 $4.8M No change AMD Advanced Micro Devices 25,000 $4.5M No change GLW Corning Inc. 125,000 $4.1M Reduce -16.7% VMEO Vimeo Inc. 875,000 $3.6M Add +34.6% GWRE Guidewire Software Inc. 30,000 $3.5M Add +36.4% EVBG Everbridge Inc. 100,000 $3.5M Reduce -60.0% PDFS PDF Solutions Inc. 103,000 $3.5M Add +106.0% PANW Palo Alto Networks Inc. 12,000 $3.4M New NWPX NWPX Infrastructure Inc. filed as NORTHWEST PIPE CO 75,000 $2.6M Reduce -6.3% CPTN Cepton Inc. 880,000 $2.4M Add +21.1% UBSFY Ubisoft Entertain-Unspon ADR 575,000 $2.4M Add +35.3% AIP Arteris Inc. 315,000 $2.3M Add +75.0% TER Teradyne Inc. 18,000 $2.0M New MTTR Matterport Inc. 800,000 $1.8M New SNAP Snap Inc. Class A 150,000 $1.7M New ENVX Enovix Corp. 200,000 $1.6M Add +60.0% ACTG Acacia Research Corp. 300,000 $1.6M Reduce -16.7% GENI Genius Sports Ltd. 200,000 $1.1M Reduce -61.9% IVAC Intevac Inc. 280,000 $1.1M Add +12.0% CASSQ Casa Systems Inc. 2,195,000 $601K Reduce -39.0% VRNOF Verano Holdings Corp. 100,000 $594K No change GTBIF Green Thumb Industries Inc. 40,000 $581K No change CEVA Ceva Inc. 20,000 $454K New TSLXX Blckrck Liq FD Trsry-Sel 378,986 $379K New
Options reported separately and not counted above: PUT QQQ 425 05/17/24 puts ($59.5M), CALL ASAN 17.5 06/21/24 calls ($5.3M), PUT RILY 15 04/19/24 puts ($3.7M), CALL MTRX 10 05/17/24 calls ($2.5M), PUT RILY 7.5 04/19/24 puts ($1.1M).
Portfolio Sells Q4 2023 → Q1 2024 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q4 2023 % Of Portfolio Change To Portfolio ▲ DOCU Docusign Inc. Sold out 0.00% −10.42 SHOP Shopify Inc. Class A Sold out 0.00% −3.06 AYX Alteryx Inc. Class A Sold out 0.00% −2.85 SMAR Smartsheet Inc. Class A Sold out 0.00% −1.94 FARO Faro Technologies Inc. Sold out 0.00% −1.91 INTC Intel Corp. Reduce -14.3% 3.46% −1.86 EVBG Everbridge Inc. Reduce -60.0% 1.82% −1.86 PCTY Paylocity Holding Corp. Sold out 0.00% −1.69 AMZN Amazon.com Inc. Sold out 0.00% −1.38 GENI Genius Sports Ltd. Reduce -61.9% 0.60% −1.37 META Meta Platforms Inc. Class A Sold out 0.00% −1.28 CSGS CSG Systems Intl Inc. Reduce -16.3% 2.96% −1.27 ANGI Angi Inc. Reduce -9.2% 4.31% −0.92 CASSQ Casa Systems Inc. Reduce -39.0% 0.31% −0.84 GLW Corning Inc. Reduce -16.7% 2.15% −0.61 XPER Xperi Inc. Reduce -6.0% 4.40% −0.56 NWPX NWPX Infrastructure Inc. Reduce -6.3% 1.36% −0.11 CRNT Ceragon Networks Ltd. Sold out 0.00% −0.04 ACTG Acacia Research Corp. Reduce -16.7% 0.83% −0.02
Portfolio Buys Q4 2023 → Q1 2024 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q4 2023 % Of Portfolio Change To Portfolio ▼ HIPO Hippo Holdings Inc. Add +25.8% 7.82% +4.22 ASAN Asana Inc. Class A Add +659.5% 4.85% +3.94 AMBA Ambarella Inc. Add +400.0% 4.64% +3.34 SNOW Snowflake Inc. New 2.87% +2.87 TDC Teradata Corp. New 2.82% +2.82 CIEN Ciena Corp. Add +666.7% 2.97% +2.56 MTRX Matrix Service Co. Add +35.4% 5.98% +2.14 VIAV Viavi Solutions Inc. Add +197.9% 3.32% +1.89 PANW Palo Alto Networks Inc. New 1.78% +1.78 NXDR Nextdoor Holdings Inc. Add +83.3% 3.23% +1.51 WDAY Workday Inc. Class A Add +92.3% 3.56% +1.39 TER Teradyne Inc. New 1.06% +1.06 MTTR Matterport Inc. New 0.94% +0.94 SNAP Snap Inc. Class A New 0.90% +0.90 PDFS PDF Solutions Inc. Add +106.0% 1.81% +0.84 MRVL Marvell Technology Inc. Add +20.0% 4.44% +0.79 CGNT Cognyte Software Ltd. Add +6.3% 3.99% +0.61 AIP Arteris Inc. Add +75.0% 1.20% +0.56 GWRE Guidewire Software Inc. Add +36.4% 1.83% +0.38 VMEO Vimeo Inc. Add +34.6% 1.87% +0.33 CEVA Ceva Inc. New 0.24% +0.24 TSLXX Blckrck Liq FD Trsry-Sel New 0.20% +0.20 UBSFY Ubisoft Entertain-Unspon ADR Add +35.3% 1.25% −0.05 IVAC Intevac Inc. Add +12.0% 0.56% −0.09 CPTN Cepton Inc. Add +21.1% 1.28% −0.10 ENVX Enovix Corp. Add +60.0% 0.84% −0.11 HHS Harte-Hanks Inc. Add +0.3% 2.73% −0.13 HDSN Hudson Technologies Inc. Add +27.4% 3.39% −0.39
Options Activity Q4 2023 → Q1 2024 Security Type Change vs Q4 2023 Underlying Shares Value ▼ PUT QQQ 425 05/17/24 put New 140,000 $59.5M PUT SMH 168 02/16/24 put Sold out 50,000 $8.4Mbefore exit CALL NVDA 500 02/16/24 call Sold out 15,000 $7.5Mbefore exit CALL ASAN 17.5 06/21/24 call New 300,000 $5.3M PUT QQQ 405.78 02/16/24 put Sold out 10,000 $4.1Mbefore exit PUT RILY 15 04/19/24 put New 280,000 $3.7M PUT AVGO 1000 06/21/24 put Sold out 3,000 $3.0Mbefore exit CALL MTRX 10 05/17/24 call Add +400.0% 250,000 $2.5M PUT AMAT 155 03/15/24 put Sold out 15,000 $2.3Mbefore exit CALL DOCU 55 02/16/24 call Sold out 40,100 $2.2Mbefore exit CALL XPER 10 03/15/24 call Sold out 196,000 $2.0Mbefore exit CALL GOOG 120 02/16/24 call Sold out 15,000 $1.8Mbefore exit PUT RILY 12.5 02/16/24 put Sold out 100,000 $1.3Mbefore exit PUT RILY 20 02/16/24 put Sold out 60,000 $1.2Mbefore exit PUT PLAB 20 01/19/24 put Sold out 59,900 $1.2Mbefore exit PUT RILY 7.5 04/19/24 put New 150,000 $1.1M PUT RILY 20 01/19/24 put Sold out 30,000 $600Kbefore exit PUT PLAB 30 03/15/24 put Sold out 20,000 $600Kbefore exit PUT MARA 24 03/15/24 put Sold out 15,000 $360Kbefore exit
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 46 $541.8M INVESCO QQQ TR, COUR, VIAV, ANET, ASAN Q1 2026 36 $324.5M UDMY, MRVL, HDSN, CSCO, LUMN Q4 2025 40 $332.5M UDMY, VIAV, AIP, HDSN, MRVL Q3 2025 39 $315.2M VIAV, PRO, LUMN, HDSN, UDMY Q2 2025 38 $236.0M VIAV, HDSN, PRO, LUMN, MTRX Q1 2025 37 $208.8M VIAV, LUMN, MTRX, CGNT, BIDU Q4 2024 44 $216.6M INVESCO QQQ TR, ASAN, VIAV, MTRX, HIPO Q3 2024 40 $176.1M ASAN, MTRX, HIPO, VIAV, ADTN Q2 2024 40 $184.1M ASAN, MTRX, MRVL, VIAV, HIPO Q1 2024 42 $191.7M HIPO, MTRX, ASAN, AMBA, MRVL