WESTERLY CAPITAL MANAGEMENT, LLC

SAN FRANCISCO, CA · CIK 1546172 · 13F filing filed 2026-08-14

SEC-registered investment adviser since 2022 · limited liability company

Assets managed$488.9m
Staff3 · 2 in investment roles
Main clients (by assets)Private funds 100%
Private funds2 (2 hedge) · $488.9m gross assets
Websitewesterlycap.com
Form ADV · 2026-03-31SEC adviser record

$407.3m reported value +25.5% vs Q1 2026

43positions

49.0%in top 10

13 new 12 added 17 reduced 6 sold out vs Q1 2026

Options: 0 call positions (— notional), 3 put positions ($134.5m notional) – listed below, not included above.

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	COURSERA INC COM COUR	COUR	6,085,000	$34.3m8.43%	8.43%	Added +4.4m	+4,385,000 257.9%
2	VIAVI SOLUTIONS INC COM VIAV	VIAV	575,000	$27.5m6.74%	6.74%	Added +150.0k	+150,000 35.3%
3	ARISTA NETWORKS INC COM SHS ANET	ANET	125,000	$21.2m5.21%	5.21%	New
4	ASANA INC CL A ASAN	ASAN	3,030,000	$21.2m5.21%	5.21%	Added +1.8m	+1,756,000 137.8%
5	HUDSON TECHNOLOGIES INC COM HDSN	HDSN	3,380,000	$19.4m4.76%	4.76%	Added +205.0k	+205,000 6.5%
6	HIPPO HLDGS INC COM NEW HIPO	HIPO	645,000	$18.2m4.48%	4.48%	Added +145.0k	+145,000 29.0%
7	ADOBE INC COM ADBE	ADBE	73,000	$15.0m3.67%	3.67%	New
8	FLUOR CORP NEW COM FLR	FLR	283,000	$14.8m3.64%	3.64%	Added +33.0k	+33,000 13.2%
9	SALESFORCE INC COM CRM	CRM	92,000	$14.4m3.54%	3.54%	New
10	ENPHASE ENERGY INC COM ENPH	ENPH	275,000	$13.5m3.32%	3.32%	Reduced -125.0k	-125,000 -31.2%
11	NOKIA CORP SPONSORED ADR NOK	NOK	1,000,000	$13.3m3.26%	3.26%	Reduced -800.0k	-800,000 -44.4%
12	COGNEX CORP COM CGNX	CGNX	170,000	$12.3m3.02%	3.02%	Added +45.0k	+45,000 36.0%
13	NEXTDOOR HOLDINGS INC COM CL A NXDR	NXDR	4,850,000	$11.0m2.70%	2.70%	Reduced -650.0k	-650,000 -11.8%
14	LUMEN TECHNOLOGIES INC COM LUMN	LUMN	1,400,000	$10.8m2.64%	2.64%	Reduced -800.0k	-800,000 -36.4%
15	COMSCORE INC COM NEW SCOR	SCOR	1,310,961	$9.7m2.38%	2.38%	Added +414.0k	+413,961 46.1%
16	NEXTRACKER INC CLASS A COM NXT	NXT	75,000	$8.9m2.19%	2.19%	New
17	GUIDEWIRE SOFTWARE INC COM GWRE	GWRE	70,000	$8.6m2.11%	2.11%	New
18	MATRIX SVC CO COM MTRX	MTRX	595,930	$8.2m2.00%	2.00%	Reduced -369.1k	-369,070 -38.2%
19	FRESHWORKS INC CLASS A COM FRSH	FRSH	800,000	$8.1m1.99%	1.99%	Reduced -1.1m	-1,100,000 -57.9%
20	CALIX INC COM CALX	CALX	205,000	$7.7m1.88%	1.88%	New
21	AEVEX CORP COM CL A AVEX	AVEX	340,000	$7.1m1.74%	1.74%	New
22	AMPHENOL CORP CL A APH	APH	40,000	$7.1m1.73%	1.73%	New
23	BLACKLINE INC COM BL	BL	250,000	$7.0m1.72%	1.72%	Reduced -60.0k	-60,000 -19.4%
24	ORION GROUP HLDGS INC COM ORN	ORN	415,000	$7.0m1.71%	1.71%	Reduced -25.0k	-25,000 -5.7%
25	ADTRAN HOLDINGS INC COM ADTN	ADTN	500,000	$7.0m1.71%	1.71%	Reduced -300.0k	-300,000 -37.5%
26	AMBARELLA INC SHS AMBA	AMBA	80,000	$6.9m1.69%	1.69%	Reduced -50.0k	-50,000 -38.5%
27	COGNYTE SOFTWARE LTD ORD SHS CGNT	CGNT	760,000	$6.7m1.64%	1.64%	Reduced -480.0k	-480,000 -38.7%
28	CISCO SYS INC COM CSCO	CSCO	55,000	$6.5m1.59%	1.59%	Reduced -170.0k	-170,000 -75.6%
29	FERRARI N V COM RACE	RACE	17,000	$6.3m1.55%	1.55%	New
30	NVIDIA CORPORATION COM NVDA	NVDA	30,000	$6.0m1.47%	1.47%	New
31	APPLIED AEROSPACE & DEFENSE COMMON STOCK AADX	AADX	250,000	$5.7m1.40%	1.40%	New
32	TRANSALTA CORP COM TAC	TAC	400,000	$5.5m1.36%	1.36%	Reduced -75.0k	-75,000 -15.8%
33	NETFLIX INC COM NFLX	NFLX	70,000	$5.0m1.23%	1.23%	New
34	BLOOM ENERGY CORP COM CL A BE	BE	15,000	$4.5m1.11%	1.11%	Reduced -35.0k	-35,000 -70.0%
35	FIGMA INC CLASS A COM STK FIG	FIG	250,000	$4.5m1.11%	1.11%	Unchanged
36	FIRST SOLAR INC COM FSLR	FSLR	15,000	$3.5m0.87%	0.87%	Added +5.0k	+5,000 50.0%
37	ELASTIC N V ORD SHS ESTC	ESTC	50,000	$2.9m0.70%	0.70%	Reduced -100.0k	-100,000 -66.7%
38	GUARDIAN METAL RES PLC SPONSORED ADS GMTL	GMTL	200,000	$2.8m0.69%	0.69%	Added +199.0k	+199,000 19900.0%
39	ANGI INC CL A NEW ANGI	ANGI	440,921	$2.6m0.64%	0.64%	Reduced -174.1k	-174,079 -28.3%
40	AMPLITUDE INC COM CL A AMPL	AMPL	200,000	$1.5m0.38%	0.38%	Reduced -300.0k	-300,000 -60.0%
41	HARTE HANKS INC COM HHS	HHS	635,000	$1.4m0.34%	0.34%	Added +8.0k	+8,000 1.3%
42	AVIAT NETWORKS INC COM NEW AVNW	AVNW	50,000	$1.1m0.27%	0.27%	New
43	SUNPOWER INC COM SPWR	SPWR	1,000,000	$687.3k0.17%	0.17%	Added +350.0k	+350,000 53.9%

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
UDEMY INC UDMY	UDMY	4,300,000	$19.9m4.3m shares
MARVELL TECHNOLOGY INC MRVL	MRVL	200,000	$19.8m200.0k shares
ARTERIS INC AIP	AIP	465,000	$7.6m465.0k shares
BAIDU INC BIDU	BIDU	55,000	$6.1m55.0k shares
CORNING INC GLW	GLW	40,000	$5.4m40.0k shares
NWPX INFRASTRUCTURE INC NWPX	NWPX	8,000	$622.9k8.0k shares

Options (notional value)

Underlying	Ticker	Type	Shares controlled	Notional	Change
INVESCO QQQ TR QQQ · Put	QQQ	Put	175,000	$128.9m175.0k shares	Added
SNOWFLAKE INC SNOW · Put	SNOW	Put	15,000	$3.8m15.0k shares	New
ARM HOLDINGS PLC ARM · Put	ARM	Put	5,000	$1.8m5.0k shares	New

Stakes above 5%

Companies where this manager has reported owning more than 5% of a class of shares, on Schedule 13D (may seek influence) or 13G (passive): its latest filing for each, from 19 Dec 2024 on.

Company	Ticker	Stake	Change	Schedule	Last filed
COMSCORE INC 13G · filed 2026-02-17		9.4%		13G	2026-02-17
HUDSON TECHNOLOGIES INC HDSN · 13G · filed 2026-02-17	HDSN	5.9%≈ $15.7m	-0.1 pts	13G	2026-02-17