Westerly Capital Management, LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), Westerly Capital Management, LLC reported 37 stock positions worth $208.8 million. Its top holding was Viavi Solutions (VIAV) at 10.3% of the portfolio, followed by Lumen Technologies (LUMN, 6.1%) and Matrix Service (MTRX, 6.1%). Compared with Q4 2024, it opened 8 new positions, sold out of 15, added to 22 and reduced 7. The biggest buy was Lumen Technologies (LUMN, shares +555%) and the biggest sale an exit from Invesco QQQ TR.
- Most Recent 13F
- Q2 2026
- Location
- SAN FRANCISCO, CA
- CIK
- 0001546172
- Portfolio Value
- $208.8M (Q1 2025)
- SEC Filing
- 0001546172-25-000005 ↗ filed May 15, 2025
Holdings Value
Holdings 37 stocks · $208.8M
| VIAV Viavi Solutions Inc. | 10.34% | 1,930,000 | $21.6M | Add +33.1% |
| LUMN Lumen Technologies Inc. | 6.15% | 3,275,000 | $12.8M | Add +555.0% |
| MTRX Matrix Service Co. | 6.06% | 1,018,000 | $12.7M | Reduce -11.5% |
| CGNT Cognyte Software Ltd. | 3.98% | 1,065,000 | $8.3M | Add +18.3% |
| BIDU Baidu Inc. - Spon ADR | 3.75% | 85,000 | $7.8M | Add +240.0% |
| HDSN Hudson Technologies Inc. | 3.62% | 1,225,000 | $7.6M | Add +20.4% |
| CIEN Ciena Corp. | 3.62% | 125,000 | $7.6M | Add +177.8% |
| LYFT LYFT Inc. Class A | 3.58% | 630,000 | $7.5M | Add +68.0% |
| ADTN Adtran Holdings Inc. | 3.49% | 835,000 | $7.3M | Reduce -10.2% |
| FLR Fluor Corp. | 3.43% | 200,000 | $7.2M | Add +17.6% |
| GLW Corning Inc. | 3.40% | 155,000 | $7.1M | Add +40.9% |
| FRSH Freshworks Inc. Class A | 3.38% | 500,000 | $7.1M | Add +66.7% |
| HIPO Hippo Holdings Inc. | 3.06% | 250,000 | $6.4M | Reduce -31.4% |
| NXDR Nextdoor Holdings Inc. | 2.99% | 4,082,323 | $6.2M | Add +31.7% |
| CSGS CSG Systems Intl Inc. | 2.90% | 100,000 | $6.0M | Add +100.0% |
| BABA Alibaba Group Holding-SP ADR | 2.85% | 45,000 | $6.0M | Add +12.5% |
| PRO Pros Holdings Inc. | 2.64% | 290,000 | $5.5M | Add +31.8% |
| AMPL Amplitude Inc. Class A | 2.32% | 475,000 | $4.8M | New |
| MRVL Marvell Technology Inc. | 2.21% | 75,000 | $4.6M | Add +50.0% |
| XYZ Block Inc. | 2.15% | 82,710 | $4.5M | New |
| VMEO Vimeo Inc. | 2.14% | 850,000 | $4.5M | Add +142.9% |
| ASAN Asana Inc. Class A | 2.09% | 300,000 | $4.4M | Reduce -60.0% |
| GWRE Guidewire Software Inc. | 2.06% | 23,000 | $4.3M | Reduce -47.1% |
| TDC Teradata Corp. | 2.05% | 190,000 | $4.3M | New |
| INFA Informatica Inc. Class A | 2.01% | 240,000 | $4.2M | New |
| AIP Arteris Inc. | 1.97% | 594,050 | $4.1M | Add +137.6% |
| MGM MGM Resorts International | 1.82% | 128,000 | $3.8M | New |
| BL Blackline Inc. | 1.51% | 65,000 | $3.1M | New |
| HHS Harte-Hanks Inc. | 1.42% | 618,226 | $3.0M | Reduce -0.4% |
| GENI Genius Sports Ltd. | 1.32% | 275,000 | $2.8M | Add +10.0% |
| SCOR Comscore Inc. | 1.30% | 395,000 | $2.7M | Add +27.5% |
| UNF Unifirst Corp. | 1.25% | 15,000 | $2.6M | New |
| AFRM Affirm Holdings Inc. | 1.08% | 50,000 | $2.3M | Add +42.9% |
| NWPX NWPX Infrastructure Inc. filed as NORTHWEST PIPE CO | 0.79% | 40,000 | $1.7M | Add +14.3% |
| ANGI Angi Inc. | 0.55% | 75,000 | $1.2M | Reduce -73.6% |
| ACTG Acacia Research Corp. | 0.46% | 300,000 | $960K | Add +38.7% |
| COUR Coursera Inc. | 0.27% | 85,000 | $566K | New |
Options reported separately and not counted above: INVESCO QQQ TR puts ($22.5M).
Portfolio Sells Q4 2024 → Q1 2025
| INVESCO QQQ TR | Sold out | 0.00% | −9.60 |
| ASAN Asana Inc. Class A | Reduce -60.0% | 2.09% | −4.93 |
| ADVANCED MICRO DEVICES INC | Sold out | 0.00% | −3.23 |
| ASANA INC | Sold out | 0.00% | −2.71 |
| OKTA Okta Inc. | Sold out | 0.00% | −2.11 |
| WDAY Workday Inc. Class A | Sold out | 0.00% | −1.79 |
| AMD Advanced Micro Devices | Sold out | 0.00% | −1.67 |
| ANGI Angi Inc. | Reduce -73.6% | 0.55% | −1.62 |
| HIPO Hippo Holdings Inc. | Reduce -31.4% | 3.06% | −1.44 |
| GWRE Guidewire Software Inc. | Reduce -47.1% | 2.06% | −1.32 |
| PD Pagerduty Inc. | Sold out | 0.00% | −1.26 |
| CEVA Ceva Inc. | Sold out | 0.00% | −1.24 |
| ALAB Astera Labs Inc. | Sold out | 0.00% | −0.92 |
| FRESHWORKS INC | Sold out | 0.00% | −0.69 |
| LMND Lemonade Inc. | Sold out | 0.00% | −0.42 |
| GTBIF Green Thumb Industries Inc. | Sold out | 0.00% | −0.38 |
| MTRX Matrix Service Co. | Reduce -11.5% | 6.06% | −0.30 |
| CONFLUENT INC | Sold out | 0.00% | −0.28 |
| VRNOF Verano Holdings Corp. | Sold out | 0.00% | −0.17 |
| AMBA Ambarella Inc. | Sold out | 0.00% | −0.17 |
| ADTN Adtran Holdings Inc. | Reduce -10.2% | 3.49% | −0.09 |
| HHS Harte-Hanks Inc. | Reduce -0.4% | 1.42% | −0.05 |
Portfolio Buys Q4 2024 → Q1 2025
| LUMN Lumen Technologies Inc. | Add +555.0% | 6.15% | +4.92 |
| VIAV Viavi Solutions Inc. | Add +33.1% | 10.34% | +3.58 |
| BIDU Baidu Inc. - Spon ADR | Add +240.0% | 3.75% | +2.77 |
| AMPL Amplitude Inc. Class A | New | 2.32% | +2.32 |
| XYZ Block Inc. | New | 2.15% | +2.15 |
| TDC Teradata Corp. | New | 2.05% | +2.05 |
| INFA Informatica Inc. Class A | New | 2.01% | +2.01 |
| CIEN Ciena Corp. | Add +177.8% | 3.62% | +1.86 |
| MGM MGM Resorts International | New | 1.82% | +1.82 |
| CSGS CSG Systems Intl Inc. | Add +100.0% | 2.90% | +1.72 |
| BL Blackline Inc. | New | 1.51% | +1.51 |
| LYFT LYFT Inc. Class A | Add +68.0% | 3.58% | +1.35 |
| BABA Alibaba Group Holding-SP ADR | Add +12.5% | 2.85% | +1.28 |
| UNF Unifirst Corp. | New | 1.25% | +1.25 |
| FRSH Freshworks Inc. Class A | Add +66.7% | 3.38% | +1.14 |
| VMEO Vimeo Inc. | Add +142.9% | 2.14% | +1.11 |
| HDSN Hudson Technologies Inc. | Add +20.4% | 3.62% | +1.00 |
| GLW Corning Inc. | Add +40.9% | 3.40% | +0.98 |
| AIP Arteris Inc. | Add +137.6% | 1.97% | +0.79 |
| SCOR Comscore Inc. | Add +27.5% | 1.30% | +0.46 |
| PRO Pros Holdings Inc. | Add +31.8% | 2.64% | +0.41 |
| CGNT Cognyte Software Ltd. | Add +18.3% | 3.98% | +0.38 |
| GENI Genius Sports Ltd. | Add +10.0% | 1.32% | +0.32 |
| COUR Coursera Inc. | New | 0.27% | +0.27 |
| AFRM Affirm Holdings Inc. | Add +42.9% | 1.08% | +0.10 |
| ACTG Acacia Research Corp. | Add +38.7% | 0.46% | +0.03 |
| NWPX NWPX Infrastructure Inc. | Add +14.3% | 0.79% | +0.01 |
| MRVL Marvell Technology Inc. | Add +50.0% | 2.21% | −0.34 |
| NXDR Nextdoor Holdings Inc. | Add +31.7% | 2.99% | −0.40 |
| FLR Fluor Corp. | Add +17.6% | 3.43% | −0.44 |
Options Activity Q4 2024 → Q1 2025
| INVESCO QQQ TR | put | New | 50,000 | $22.5M |
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 |