Westerly Capital Management, LLC In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), Westerly Capital Management, LLC reported 38 stock positions worth $236.0 million . Its top holding was Viavi Solutions (VIAV) at 9.3% of the portfolio, followed by Hudson Technologies (HDSN, 6.9% ) and Pros (PRO, 6.6% ). Compared with Q1 2025, it opened 8 new positions, sold out of 7, added to 16 and reduced 14. The biggest buy was a new position in Ambarella (AMBA) and the biggest sale an exit from LYFT Class A (LYFT).
Location SAN FRANCISCO, CA
CIK 0001546172
Portfolio Value $236.0M (Q2 2025) Holdings 38 stocks · $236.0M 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 Q1 2025 VIAV Viavi Solutions Inc. 2,175,000 $21.9M Add +12.7% HDSN Hudson Technologies Inc. 2,000,000 $16.2M Add +63.3% PRO Pros Holdings Inc. 999,000 $15.6M Add +244.5% LUMN Lumen Technologies Inc. 2,550,000 $11.2M Reduce -22.1% MTRX Matrix Service Co. 820,000 $11.1M Reduce -19.4% AFRM Affirm Holdings Inc. 155,000 $10.7M Add +210.0% AMBA Ambarella Inc. 143,000 $9.4M New HIPO Hippo Holdings Inc. 326,000 $9.1M Add +30.4% CIEN Ciena Corp. 110,000 $8.9M Reduce -12.0% ADTN Adtran Holdings Inc. 975,000 $8.7M Add +16.8% TAC Transalta Corp. 767,500 $8.3M New CGNT Cognyte Software Ltd. 850,000 $7.9M Reduce -20.2% FLR Fluor Corp. 150,000 $7.7M Reduce -25.0% FRSH Freshworks Inc. Class A 505,000 $7.5M Add +1.0% MRVL Marvell Technology Inc. 90,000 $7.0M Add +20.0% GLW Corning Inc. 125,000 $6.6M Reduce -19.4% AIP Arteris Inc. 680,000 $6.5M Add +14.5% VMEO Vimeo Inc. 1,500,000 $6.1M Add +76.5% NXDR Nextdoor Holdings Inc. 3,550,000 $5.9M Reduce -13.0% ANGI Angi Inc. 370,000 $5.6M Add +393.3% TDC Teradata Corp. 250,000 $5.6M Add +31.6% BIDU Baidu Inc. - Spon ADR 60,000 $5.1M Reduce -29.4% AMPL Amplitude Inc. Class A 400,000 $5.0M Reduce -15.8% MGM MGM Resorts International 120,000 $4.1M Reduce -6.3% CEVA Ceva Inc. 180,000 $4.0M New POWI Power Integrations Inc. 50,000 $2.8M New COUR Coursera Inc. 285,000 $2.5M Add +235.3% HHS Harte-Hanks Inc. 619,000 $2.5M Add +0.1% NWPX NWPX Infrastructure Inc. 55,000 $2.3M Add +37.5% TER Teradyne Inc. 25,000 $2.2M New SCOR Comscore Inc. 400,000 $1.9M Add +1.3% CGNX Cognex Corp. 60,000 $1.9M New CSGS CSG Systems Intl Inc. 20,000 $1.3M Reduce -80.0% GENI Genius Sports Ltd. 125,000 $1.3M Reduce -54.5% ACTG Acacia Research Corp. 172,455 $617K Reduce -42.5% GTBIF Green Thumb Industries Inc. 80,000 $441K New ASAN Asana Inc. Class A 25,000 $338K Reduce -91.7% VRNOF Verano Holdings Corp. 300,000 $149K New
Options reported separately and not counted above: INVESCO QQQ TR puts ($25.5M), HUDSON TECHNOLOGIES INC calls ($4.8M), VIAVI SOLUTIONS INC calls ($1.8M), AMBARELLA INC calls ($1.5M).
Portfolio Sells Q1 2025 → Q2 2025 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 Q1 2025 % Of Portfolio Change To Portfolio ▲ LYFT LYFT Inc. Class A Sold out 0.00% −3.58 BABA Alibaba Group Holding-SP ADR Sold out 0.00% −2.85 CSGS CSG Systems Intl Inc. Reduce -80.0% 0.55% −2.34 XYZ Block Inc. Sold out 0.00% −2.15 GWRE Guidewire Software Inc. Sold out 0.00% −2.06 INFA Informatica Inc. Class A Sold out 0.00% −2.01 ASAN Asana Inc. Class A Reduce -91.7% 0.14% −1.95 BIDU Baidu Inc. - Spon ADR Reduce -29.4% 2.18% −1.57 BL Blackline Inc. Sold out 0.00% −1.51 LUMN Lumen Technologies Inc. Reduce -22.1% 4.73% −1.42 MTRX Matrix Service Co. Reduce -19.4% 4.69% −1.37 UNF Unifirst Corp. Sold out 0.00% −1.25 GENI Genius Sports Ltd. Reduce -54.5% 0.55% −0.77 CGNT Cognyte Software Ltd. Reduce -20.2% 3.33% −0.65 GLW Corning Inc. Reduce -19.4% 2.79% −0.61 NXDR Nextdoor Holdings Inc. Reduce -13.0% 2.50% −0.49 AMPL Amplitude Inc. Class A Reduce -15.8% 2.10% −0.22 ACTG Acacia Research Corp. Reduce -42.5% 0.26% −0.20 FLR Fluor Corp. Reduce -25.0% 3.26% −0.17 MGM MGM Resorts International Reduce -6.3% 1.75% −0.07 CIEN Ciena Corp. Reduce -12.0% 3.79% +0.17
Portfolio Buys Q1 2025 → Q2 2025 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 Q1 2025 % Of Portfolio Change To Portfolio ▼ AMBA Ambarella Inc. New 4.00% +4.00 PRO Pros Holdings Inc. Add +244.5% 6.63% +3.99 TAC Transalta Corp. New 3.51% +3.51 AFRM Affirm Holdings Inc. Add +210.0% 4.54% +3.46 HDSN Hudson Technologies Inc. Add +63.3% 6.88% +3.26 ANGI Angi Inc. Add +393.3% 2.39% +1.84 CEVA Ceva Inc. New 1.68% +1.68 POWI Power Integrations Inc. New 1.18% +1.18 TER Teradyne Inc. New 0.95% +0.95 CGNX Cognex Corp. New 0.81% +0.81 HIPO Hippo Holdings Inc. Add +30.4% 3.86% +0.80 COUR Coursera Inc. Add +235.3% 1.06% +0.79 AIP Arteris Inc. Add +14.5% 2.75% +0.78 MRVL Marvell Technology Inc. Add +20.0% 2.95% +0.74 VMEO Vimeo Inc. Add +76.5% 2.57% +0.43 TDC Teradata Corp. Add +31.6% 2.36% +0.32 ADTN Adtran Holdings Inc. Add +16.8% 3.71% +0.22 GTBIF Green Thumb Industries Inc. New 0.19% +0.19 NWPX NWPX Infrastructure Inc. Add +37.5% 0.96% +0.16 VRNOF Verano Holdings Corp. New 0.06% +0.06 FRSH Freshworks Inc. Class A Add +1.0% 3.19% −0.19 HHS Harte-Hanks Inc. Add +0.1% 1.04% −0.38 SCOR Comscore Inc. Add +1.3% 0.82% −0.48 VIAV Viavi Solutions Inc. Add +12.7% 9.28% −1.06
Options Activity Q1 2025 → Q2 2025 Security Type Change vs Q1 2025 Underlying Shares Value ▼ HUDSON TECHNOLOGIES INC call New 600,000 $4.8M VIAVI SOLUTIONS INC call New 175,000 $1.8M AMBARELLA INC call New 25,000 $1.5M
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