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Divisar Capital Management LLC

CIK:0001645721
Hedge Fund
$374M AUM
26 holdings
San Francisco, CA, United States
Founded:2013
15 employees
Latest filing:Jun 30, 2025

Divisar Capital Management LLC is an investment management firm based in San Francisco, CA. Founded in 2013, Divisar focuses on managing equity portfolios, primarily for institutional investors and high-net-worth individuals. The firm serves as the general partner and investment manager to funds such as Divisar Partners QP, L.P. and Divisar Partners, L.P. The team is known for deep fundamental research and a long-term investment perspective. Employee count is estimated to be under 20 based on typical hedge fund size and reporting.

Investment Strategy

Divisar Capital Management takes a long/short equity approach, focusing on in-depth fundamental research of small- and mid-cap US equities. The firm seeks to uncover value and growth opportunities by identifying companies with strong business models, high-quality management teams, and potential for significant appreciation. The strategy emphasizes risk management and concentrated investments in high-conviction positions. Divisar aims for absolute returns over full market cycles rather than tracking a benchmark.

Latest 13F Filing Activity

Divisar Capital Management LLC filed their most recent 13F report on Jun 30, 2025 disclosing 25 equity positions with a total 13F market value of $432M. The fund increased holdings in Lumentum HLDGS Inc., Nlight Inc., Ultra Clean HLDGS Inc. among other positions. Divisar Capital Management LLC reduced exposure to Faro Technologies Inc., Rxo Inc., Markforged Holding Corporati among others.

Top Buys
L
LITELUMENTUM HLDGS INC
+$12.4M
L
LASRNLIGHT INC
+$10.4M
U
UCTTULTRA CLEAN HLDGS INC
+$9.8M
O
ONTOONTO INNOVATION INC
+$8.7M
A
ADTNADTRAN HOLDINGS INC
+$8.0M
Top Sells
F
FAROFARO TECHNOLOGIES INC
-$25.7M
R
RXORXO INC
-$6.9M
M
MKFGMARKFORGED HOLDING CORPORATI
-$4.0M
F
FNKOFUNKO INC
-$1.8M
V
VMEOVIMEO INC
-$1.2M

Top Holdings

A
ADTNADTRAN HOLDINGS INC
+8.8%$37.9M
L
LITELUMENTUM HLDGS INC
+8.5%$37.0M
V
VMEOVIMEO INC
+8.3%$35.8M
K
KLICKULICKE & SOFFA INDS INC
+7.7%$33.5M
U
UCTTULTRA CLEAN HLDGS INC
+7.4%$32.0M

Equity Positions (25)

TickerSecurityWeightMarket ValueSharesAvg CostPriceChange (QoQ)
ADTRAN HOLDINGS INC8.78%$37.9M4,229,362$7.46$8.97+$8.0M
LUMENTUM HLDGS INC8.55%$37.0M388,786$53.73$95.06+$12.4M
VIMEO INC8.29%$35.8M8,870,025$4.10$4.04-$1.2M
KULICKE & SOFFA INDS INC7.74%$33.5M967,289$37.74$34.60+$4.4M
ULTRA CLEAN HLDGS INC7.40%$32.0M1,417,034$30.68$22.57+$9.8M

Industry Allocation

SEMICONDUCTORS & RELATED DEVICES
+20.5%
TELEPHONE & TELEGRAPH APPARATUS
+9.5%
SERVICES-PREPACKAGED SOFTWARE
+9.3%
COMMUNICATIONS EQUIPMENT, NEC
+8.5%
SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC.
+8.3%