Divisar Capital Management LLC

SAN FRANCISCO, CA · CIK 1645721 · 13F filing filed 2026-08-14

SEC-registered investment adviser since 2016 · limited liability company

Assets managed$812.8m
Staff3 · 3 in investment roles
Main clients (by assets)Private funds 100%
Private funds2 (2 hedge) · $812.8m gross assets
Form ADV · 2026-09-04SEC adviser record

$434.0m reported value +10.6% vs Q1 2026

28positions

60.9%in top 10

2 new 7 added 17 reduced 0 sold out vs Q1 2026

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	ONTO INNOVATION INC COM ONTO	ONTO	114,253	$43.2m9.96%	9.96%	Reduced -79.0k	-79,000 -40.9%
2	POLARIS INC COM PII	PII	529,090	$36.2m8.34%	8.34%	Added +51.2k	+51,213 10.7%
3	MKS INC. COM MKSI	MKSI	62,501	$27.8m6.41%	6.41%	Reduced -23.0k	-23,000 -26.9%
4	BRUNSWICK CORP COM BC	BC	287,137	$24.2m5.57%	5.57%	Reduced -62.6k	-62,633 -17.9%
5	KULICKE & SOFFA INDS INC COM KLIC	KLIC	180,828	$24.2m5.57%	5.57%	Reduced -136.1k	-136,059 -42.9%
6	ORION S.A. COM OEC	OEC	3,384,750	$22.4m5.17%	5.17%	Reduced -182.5k	-182,513 -5.1%
7	LUMENTUM HLDGS INC COM LITE	LITE	26,123	$22.4m5.16%	5.16%	Reduced -9.1k	-9,100 -25.8%
8	ULTRA CLEAN HLDGS INC COM UCTT	UCTT	155,653	$22.2m5.11%	5.11%	Reduced -264.4k	-264,396 -62.9%
9	PDF SOLUTIONS INC COM PDFS	PDFS	307,879	$21.8m5.02%	5.02%	Reduced -315.5k	-315,485 -50.6%
10	BOX INC CL A BOX	BOX	748,049	$19.9m4.57%	4.57%	Added +110.0k	+110,000 17.2%
11	VERTEX INC CL A VERX	VERX	1,640,895	$18.8m4.34%	4.34%	Added +445.2k	+445,183 37.2%
12	RXO INC COMMON STOCK RXO	RXO	662,525	$18.3m4.21%	4.21%	Reduced -390.0k	-390,000 -37.0%
13	MASTERCRAFT BOAT HLDGS INC COM MCFT	MCFT	672,276	$17.4m4.00%	4.00%	Reduced -20.0k	-20,000 -2.9%
14	TTM TECHNOLOGIES INC COM TTMI	TTMI	92,639	$17.3m3.99%	3.99%	Reduced -34.0k	-34,000 -26.9%
15	CALIX INC COM CALX	CALX	395,163	$14.7m3.40%	3.40%	Added +55.0k	+55,000 16.2%
16	WEAVE COMMUNICATIONS INC COM WEAV	WEAV	2,023,606	$12.1m2.79%	2.79%	Added +183.5k	+183,506 10.0%
17	ADTRAN HOLDINGS INC COM ADTN	ADTN	851,526	$11.8m2.73%	2.73%	Reduced -917.9k	-917,913 -51.9%
18	BIGCOMMERCE HLDGS INC COM SER 1 CMRC	CMRC	3,142,845	$9.3m2.14%	2.14%	Reduced -784.1k	-784,051 -20.0%
19	GENTHERM INC COM THRM	THRM	228,972	$7.8m1.80%	1.80%	Added +70.0k	+70,000 44.0%
20	DINE BRANDS GLOBAL INC COM DIN	DIN	165,637	$5.9m1.37%	1.37%	Reduced -76.6k	-76,630 -31.6%
21	TOPGOLF CALLAWAY BRANDS CORP COM CALY	CALY	298,282	$5.6m1.29%	1.29%	New
22	OXFORD INDS INC COM OXM	OXM	154,388	$5.4m1.24%	1.24%	Added +133.3k	+133,292 631.8%
23	ZUMIEZ INC COM ZUMZ	ZUMZ	289,102	$5.1m1.19%	1.19%	Unchanged
24	NLIGHT INC COM LASR	LASR	71,446	$5.0m1.15%	1.15%	Reduced -16.9k	-16,868 -19.1%
25	VIAVI SOLUTIONS INC COM VIAV	VIAV	96,353	$4.6m1.06%	1.06%	Reduced -35.0k	-35,000 -26.6%
26	FABRINET SHS FN	FN	7,570	$4.3m0.98%	0.98%	Unchanged
27	ABERCROMBIE & FITCH CO CL A ANF	ANF	44,308	$4.0m0.92%	0.92%	Reduced -20.0k	-20,000 -31.1%
28	EVERQUOTE INC COM CL A EVER	EVER	90,000	$2.1m0.49%	0.49%	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
ORION S.A. OEC · 13G · filed 2026-02-26	OEC	5.5%≈ $20.5m	new	13G	2026-02-26