Divisadero Street Capital Management, LP

MIAMI, FL · CIK 1901865 · 13F filing filed 2026-08-14

SEC-registered investment adviser since 2022 · limited partnership

Assets managed$2.6bn
Staff11 · 8 in investment roles
Main clients (by assets)Private funds 100%
Private funds1 (1 hedge) · $2.2bn gross assets
Form ADV · 2026-03-30SEC adviser record

$4.3bn reported value +100.6% vs Q1 2026

140positions

46.4%in top 10

51 new 39 added 30 reduced 26 sold out vs Q1 2026

Options: 1 call positions ($125.4m notional), 1 put positions ($800.8k 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	SEZZLE INC COM SEZL	SEZL	1,649,531	$283.1m6.61%	6.61%	Added +337.9k	+337,917 25.8%
2	CARVANA CO CL A CVNA	CVNA	4,163,614	$274.0m6.39%	6.39%	Added +3.0m	+3,030,434 267.4%
3	SUPER GROUP SGHC LIMITED ORD SHS SGHC	SGHC	20,114,259	$272.5m6.36%	6.36%	Added +3.8m	+3,788,788 23.2%
4	DAVE INC CLASS A COM NEW DAVE	DAVE	699,366	$260.6m6.08%	6.08%	Added +58.5k	+58,526 9.1%
5	HIMS & HERS HEALTH INC COM CL A HIMS	HIMS	6,009,505	$208.3m4.86%	4.86%	Added +5.5m	+5,539,672 1179.1%
6	CELESTICA INC COM CLS	CLS	461,397	$168.3m3.93%	3.93%	Added +155.6k	+155,581 50.9%
7	RUSH STREET INTERACTIVE INC COM RSI	RSI	5,425,402	$161.4m3.76%	3.76%	Reduced -1.0m	-1,001,277 -15.6%
8	SHARKNINJA INC COM SHS SN	SN	819,163	$124.7m2.91%	2.91%	Added +50.0k	+50,000 6.5%
9	CECO ENVIRONMENTAL CORP COM CECO	CECO	1,329,817	$120.7m2.82%	2.82%	Added +1.1m	+1,142,217 608.9%
10	COMPASS INC CL A COMP	COMP	9,505,505	$117.2m2.73%	2.73%	Added +6.1m	+6,115,578 180.4%
11	FLYWIRE CORPORATION COM VTG FLYW	FLYW	6,644,513	$116.7m2.72%	2.72%	Added +573.9k	+573,919 9.4%
12	THE REALREAL INC COM REAL	REAL	9,198,248	$108.4m2.53%	2.53%	Added +4.9m	+4,855,491 111.8%
13	TURNING PT BRANDS INC COM TPB	TPB	1,265,303	$107.3m2.50%	2.50%	Added +969.7k	+969,725 328.1%
14	HINGE HEALTH INC CL A HNGE	HNGE	1,290,623	$107.1m2.50%	2.50%	Added +720.0k	+719,964 126.2%
15	WILLDAN GROUP INC COM WLDN	WLDN	1,324,293	$104.8m2.44%	2.44%	Added +1.2m	+1,159,306 702.7%
16	LUMENTUM HLDGS INC COM LITE	LITE	108,188	$92.8m2.17%	2.17%	Added +15.0k	+14,996 16.1%
17	VICTORIAS SECRET AND CO COMMON STOCK VSXY	VSXY	1,025,972	$85.6m2.00%	2.00%	Reduced -152.2k	-152,203 -12.9%
18	OMADA HEALTH INC COM OMDA	OMDA	3,799,695	$83.4m1.95%	1.95%	Reduced -2.1m	-2,088,020 -35.5%
19	REMITLY GLOBAL INC COM RELY	RELY	3,719,086	$83.3m1.94%	1.94%	Added +2.7m	+2,665,529 253.0%
20	CHIME FINL INC COM SHS CL A CHYM	CHYM	3,626,050	$74.3m1.73%	1.73%	New
21	VISHAY INTERTECHNOLOGY INC COM VSH	VSH	1,345,094	$72.3m1.69%	1.69%	New
22	AMERICAN PUB ED INC COM APEI	APEI	1,169,356	$62.8m1.47%	1.47%	Added +117.3k	+117,287 11.2%
23	LIFEWAY FOODS INC COM LWAY	LWAY	2,101,540	$62.7m1.46%	1.46%	Added +692.8k	+692,772 49.2%
24	CELSIUS HLDGS INC COM NEW CELH	CELH	1,820,624	$53.3m1.24%	1.24%	Reduced -714.7k	-714,686 -28.2%
25	AMER SPORTS INC COM SHS AS	AS	1,520,280	$51.4m1.20%	1.20%	Added +1.2m	+1,227,496 419.2%
26	ELEMENT SOLUTIONS INC COM ESI	ESI	1,021,276	$48.8m1.14%	1.14%	New
27	GROUPON INC COM NEW GRPN	GRPN	1,845,838	$44.4m1.04%	1.04%	Added +1.4m	+1,400,873 314.8%
28	CITI TRENDS INC COM CTRN	CTRN	705,451	$40.8m0.95%	0.95%	Added +211.4k	+211,405 42.8%
29	NATIONAL VISION HLDGS INC COM EYE	EYE	1,899,450	$36.1m0.84%	0.84%	Added +1.2m	+1,203,418 172.9%
30	ENOVA INTL INC COM ENVA	ENVA	146,238	$35.2m0.82%	0.82%	New
31	FIGS INC CL A FIGS	FIGS	3,191,026	$32.6m0.76%	0.76%	Reduced -5.4k	-5,370 -0.2%
32	PORCH GROUP INC COM PRCH	PRCH	2,105,695	$31.7m0.74%	0.74%	New
33	FASTLY INC CL A FSLY	FSLY	1,694,262	$31.1m0.73%	0.73%	Added +1.5m	+1,469,262 653.0%
34	ETHOS TECHNOLOGIES INC CL A LIFE	LIFE	1,635,921	$29.7m0.69%	0.69%	New
35	WEBULL CORP ORD SHS BULL	BULL	4,414,549	$28.8m0.67%	0.67%	Reduced -5.1m	-5,133,670 -53.8%
36	ROBINHOOD MKTS INC COM CL A HOOD	HOOD	250,000	$25.1m0.58%	0.58%	Added +150.0k	+150,000 150.0%
37	THREDUP INC CL A TDUP	TDUP	3,628,206	$24.9m0.58%	0.58%	Added +2.6m	+2,634,257 265.0%
38	INDIVIOR PHARMACEUTICALS INC COM INDV	INDV	601,863	$24.7m0.58%	0.58%	Added +80.8k	+80,780 15.5%
39	VITAL FARMS INC COM VITL	VITL	2,003,588	$23.3m0.54%	0.54%	Added +1.5m	+1,451,733 263.1%
40	ICHOR HOLDINGS SHS ICHR	ICHR	200,621	$22.5m0.53%	0.53%	New
41	ATRICURE INC COM ATRC	ATRC	800,931	$22.4m0.52%	0.52%	Reduced -359.0k	-359,024 -30.9%
42	KLARNA GROUP PLC SHS KLAR	KLAR	1,032,328	$20.9m0.49%	0.49%	New
43	CAREDX INC COM CDNA	CDNA	700,938	$20.0m0.47%	0.47%	New
44	HARROW INC COM HROW	HROW	439,155	$18.7m0.44%	0.44%	New
45	BETA BIONICS INC COM BBNX	BBNX	1,113,802	$17.5m0.41%	0.41%	New
46	WARBY PARKER INC CL A COM WRBY	WRBY	561,117	$17.0m0.40%	0.40%	Added +177.2k	+177,208 46.2%
47	MARINEMAX INC COM HZO	HZO	455,971	$16.7m0.39%	0.39%	Added +292.3k	+292,325 178.6%
48	XPEL INC COM XPEL	XPEL	328,665	$16.3m0.38%	0.38%	Reduced -391.8k	-391,760 -54.4%
49	REVOLVE GROUP INC CL A RVLV	RVLV	708,216	$16.2m0.38%	0.38%	Added +694.4k	+694,440 5040.9%
50	SELECT WATER SOLUTIONS INC CL A COM WTTR	WTTR	802,180	$16.0m0.37%	0.37%	Reduced -1.1m	-1,099,471 -57.8%
51	BJS RESTAURANTS INC COM BJRI	BJRI	262,421	$15.9m0.37%	0.37%	New
52	UNITED STS OIL FD LP UNITS USO	USO	142,500	$15.2m0.35%	0.35%	New
53	FIRSTCASH HOLDINGS INC COM FCFS	FCFS	59,500	$12.9m0.30%	0.30%	New
54	MEDIAALPHA INC CL A MAX	MAX	1,019,988	$12.8m0.30%	0.30%	Added +933.1k	+933,081 1073.7%
55	ONTO INNOVATION INC COM ONTO	ONTO	31,891	$12.1m0.28%	0.28%	Added +5.4k	+5,391 20.3%
56	CLEAR SECURE INC COM CL A YOU	YOU	200,000	$11.1m0.26%	0.26%	New
57	CROCS INC COM CROX	CROX	91,371	$11.0m0.26%	0.26%	New
58	KULICKE & SOFFA INDS INC COM KLIC	KLIC	78,000	$10.4m0.24%	0.24%	New
59	DRAFTKINGS INC NEW COM CL A DKNG	DKNG	400,824	$10.1m0.24%	0.24%	Added +200.6k	+200,587 100.2%
60	TOPGOLF CALLAWAY BRANDS CORP COM CALY	CALY	515,778	$9.7m0.23%	0.23%	New
61	ESTABLISHMENT LABS HLDGS INC COM ESTA	ESTA	106,675	$9.2m0.21%	0.21%	New
62	COMPASS DIVERSIFIED SH BEN INT CODI	CODI	827,298	$8.8m0.21%	0.21%	Reduced -1.1m	-1,102,956 -57.1%
63	JOHNSON OUTDOORS INC CL A JOUT	JOUT	190,057	$8.8m0.20%	0.20%	Unchanged
64	AFFIRM HLDGS INC COM CL A AFRM	AFRM	106,735	$8.7m0.20%	0.20%	Added +11.7k	+11,664 12.3%
65	AXOGEN INC COM AXGN	AXGN	170,416	$7.9m0.18%	0.18%	Reduced -925.5k	-925,465 -84.5%
66	PENGUIN SOLUTIONS INC COM PENG	PENG	100,000	$7.6m0.18%	0.18%	New
67	ACV AUCTIONS INC COM CL A COM CL A		1,007,453	$7.2m0.17%	0.17%	Added +398.4k	+398,353 65.4%
68	HAEMONETICS CORP MASS COM HAE	HAE	96,459	$7.2m0.17%	0.17%	New
69	EL POLLO LOCO HLDGS INC COM LOCO	LOCO	409,925	$7.0m0.16%	0.16%	Reduced -22.4k	-22,370 -5.2%
70	DESIGNER BRANDS INC CL A DBI	DBI	1,184,045	$6.9m0.16%	0.16%	New
71	FTAI AVIATION LTD SHS FTAI	FTAI	25,000	$6.8m0.16%	0.16%	New
72	FLEX LTD ORD FLEX	FLEX	40,000	$6.5m0.15%	0.15%	New
73	SEMTECH CORP COM SMTC	SMTC	40,000	$6.5m0.15%	0.15%	New
74	BUILD-A-BEAR WORKSHOP INC COM BBW	BBW	210,019	$6.4m0.15%	0.15%	Reduced -815.0k	-814,951 -79.5%
75	BLUELINX HLDGS INC COM NEW BXC	BXC	103,141	$6.4m0.15%	0.15%	Unchanged
76	DELCATH SYS INC COM NEW DCTH	DCTH	499,796	$6.3m0.15%	0.15%	Unchanged
77	OSI SYSTEMS INC COM OSIS	OSIS	27,859	$6.1m0.14%	0.14%	New
78	PROCORE TECHNOLOGIES INC COM PCOR	PCOR	149,800	$6.1m0.14%	0.14%	New
79	CONSTRUCTION PARTNERS INC COM CL A ROAD	ROAD	50,728	$6.0m0.14%	0.14%	New
80	BANDWIDTH INC COM CL A BAND	BAND	86,065	$5.4m0.13%	0.13%	New
81	EVERQUOTE INC COM CL A EVER	EVER	219,248	$5.2m0.12%	0.12%	New
82	CLEARFIELD INC COM CLFD	CLFD	130,783	$5.2m0.12%	0.12%	New
83	PAR TECHNOLOGY CORP COM PAR	PAR	267,965	$4.7m0.11%	0.11%	New
84	FRANKLIN COVEY CO COM FC	FC	185,547	$4.6m0.11%	0.11%	New
85	TOWER SEMICONDUCTOR LTD SHS NEW TSEM	TSEM	17,000	$4.4m0.10%	0.10%	Reduced -53.0k	-53,000 -75.7%
86	STUBHUB HLDGS INC CL A STUB	STUB	329,602	$4.2m0.10%	0.10%	Reduced -55.0k	-55,036 -14.3%
87	PROCEPT BIOROBOTICS CORP COM PRCT	PRCT	180,260	$4.1m0.09%	0.09%	Reduced -686.1k	-686,078 -79.2%
88	LATTICE SEMICONDUCTOR CORP COM LSCC	LSCC	25,317	$3.9m0.09%	0.09%	New
89	1 800 FLOWERS COM INC CL A FLWS	FLWS	1,033,166	$3.6m0.08%	0.08%	Added +860.8k	+860,771 499.3%
90	ARLO TECHNOLOGIES INC COM ARLO	ARLO	252,336	$3.4m0.08%	0.08%	Added +52.3k	+52,336 26.2%
91	VIA TRANSN INC COM CL A VIA	VIA	172,755	$3.1m0.07%	0.07%	New
92	PHILIP MORRIS INTL INC COM PM	PM	16,452	$3.0m0.07%	0.07%	Reduced -11.8k	-11,792 -41.8%
93	TACTILE SYS TECHNOLOGY INC COM TCMD	TCMD	99,622	$3.0m0.07%	0.07%	Reduced -138.3k	-138,262 -58.1%
94	EZCORP INC CL A NON VTG EZPW	EZPW	82,602	$2.9m0.07%	0.07%	Reduced -376.3k	-376,254 -82.0%
95	SWEETGREEN INC COM CL A SG	SG	288,601	$2.5m0.06%	0.06%	Added +15.3k	+15,331 5.6%
96	ALPHATEC HLDGS INC COM NEW ATEC	ATEC	283,953	$2.5m0.06%	0.06%	New
97	UPSTART HLDGS INC COM UPST	UPST	67,461	$2.4m0.06%	0.06%	Reduced -22.1k	-22,128 -24.7%
98	PROG HOLDINGS INC COM NPV PRG	PRG	50,000	$2.3m0.05%	0.05%	New
99	BOBS DISC FURNITURE INC COM SHS BOBS	BOBS	144,391	$2.3m0.05%	0.05%	New
100	TTM TECHNOLOGIES INC COM TTMI	TTMI	12,000	$2.2m0.05%	0.05%	New

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
BRINKER INTL INC EAT	EAT	258,228	$36.9m258.2k shares
LINCOLN EDL SVCS CORP LINC	LINC	825,556	$33.6m825.6k shares
STRIDE INC LRN	LRN	308,500	$27.2m308.5k shares
LENDINGTREE INC NEW TREE	TREE	469,269	$20.1m469.3k shares
ADAPTIVE BIOTECHNOLOGIES COR ADPT	ADPT	1,318,661	$18.3m1.3m shares
KURA SUSHI USA INC KRUS	KRUS	248,812	$17.4m248.8k shares
BROADCOM INC AVGO	AVGO	35,000	$10.8m35.0k shares
PROGYNY INC PGNY	PGNY	563,609	$9.6m563.6k shares
ANGIODYNAMICS INC ANGO	ANGO	562,153	$6.4m562.2k shares
ULTRA CLEAN HLDGS INC UCTT	UCTT	100,000	$6.2m100.0k shares
JABIL INC JBL	JBL	19,500	$5.2m19.5k shares
VITA COCO CO INC COCO	COCO	107,243	$5.1m107.2k shares
VALVOLINE INC VVV	VVV	150,000	$5.1m150.0k shares
FLOTEK INDS INC DEL FTK	FTK	269,262	$4.6m269.3k shares
NVIDIA CORPORATION NVDA	NVDA	25,000	$4.4m25.0k shares
BENCHMARK ELECTRS INC BHE	BHE	53,047	$3.0m53.0k shares
ABERCROMBIE & FITCH CO ANF	ANF	30,000	$2.7m30.0k shares
ADTRAN HOLDINGS INC ADTN	ADTN	121,731	$1.5m121.7k shares
ZEVIA PBC ZVIA	ZVIA	577,497	$675.7k577.5k shares
SHAKE SHACK INC SHAK	SHAK	4,238	$374.9k4.2k shares
SLEEP NUMBER CORP SNBRQ	SNBRQ	190,473	$341.9k190.5k shares
MODINE MFG CO MOD	MOD	1,390	$301.2k1.4k shares
WAYFAIR INC W	W	3,500	$263.2k3.5k shares
IBOTTA INC IBTA	IBTA	6,727	$201.6k6.7k shares
LIFEVANTAGE CORP LFVN	LFVN	24,670	$106.6k24.7k shares

Options (notional value)

Underlying	Ticker	Type	Shares controlled	Notional	Change
SUPER GROUP SGHC LIMITED SGHC · Call	SGHC	Call	9,258,000	$125.4m9.3m shares	Reduced
CHIME FINL INC CHYM · Put	CHYM	Put	39,100	$800.8k39.1k 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
LIFEWAY FOODS INC LWAY · 13G · filed 2026-05-18	LWAY	13.8%≈ $62.7m	+4.9 pts	13G	2026-05-18
WILLDAN GROUP INC WLDN · 13G · filed 2026-05-19	WLDN	8.9%≈ $105.9m	new	13G	2026-05-19
CITI TRENDS INC CTRN · 13G · filed 2026-08-14	CTRN	8.5%≈ $40.8m	+2.8 pts	13G	2026-08-14
THE REALREAL INC REAL · 13G · filed 2026-06-30	REAL	7.6%≈ $108.4m	new	13G	2026-06-30
BETA BIONICS INC BBNX · 13G · filed 2026-07-24	BBNX	6.9%≈ $48.2m	new	13G	2026-07-24
AXOGEN INC AXGN · 13G · filed 2026-10-02	AXGN	6.8%≈ $184.0m	new	13G	2026-10-02
ETHOS TECHNOLOGIES INC LIFE · 13G · filed 2026-07-06	LIFE	6.5%≈ $36.6m	new	13G	2026-07-06
OMADA HEALTH INC OMDA · 13G · filed 2026-08-14	OMDA	6.3%≈ $83.4m	-3.6 pts	13G	2026-08-14
RUSH STREET INTERACTIVE INC RSI · 13G · filed 2026-09-01	RSI	6.2%≈ $213.5m	+1.5 pts	13G	2026-09-01
DAVE INC DAVE · 13G · filed 2026-08-14	DAVE	6.1%≈ $260.6m	-3.1 pts	13G	2026-08-14
SUPER GROUP SGHC LIMITED SGHC · 13G · filed 2026-05-15	SGHC	6.1%≈ $418.2m	new	13G	2026-05-15
MEDIAALPHA INC MAX · 13G · filed 2026-07-28	MAX	5.8%≈ $39.3m	new	13G	2026-07-28
TURNING PT BRANDS INC TPB · 13G · filed 2026-05-15	TPB	5.8%≈ $95.8m	+3.0 pts	13G	2026-05-15
AMERICAN PUB ED INC APEI · 13G · filed 2026-05-15	APEI	5.7%≈ $56.5m	-3.5 pts	13G	2026-05-15
FLYWIRE CORPORATION FLYW · 13G · filed 2026-06-16	FLYW	5.3%≈ $112.2m	new	13G	2026-06-16

Trades reported as a company insider since 1 Apr 2026

Owning 10% or more of a company, or having someone on its board, makes this manager an insider there: it reports its trades in that company's shares on Form 4 within two business days. Open-market and private purchases and sales only.

Date	Company	Ticker	Trade	Shares	Value	Their holding
2026-08-17	LIFEWAY FOODS INC 10% owner · See footnote	LWAY	Bought	35,952	$890.9k36.0k shares	+2%
2026-08-14	LIFEWAY FOODS INC 10% owner · See footnote	LWAY	Bought	15,000	$370.4k15.0k shares	+1%
2026-08-13	LIFEWAY FOODS INC 10% owner · See footnote	LWAY	Bought	195,616	$4.9m195.6k shares	+9%
2026-05-15	LIFEWAY FOODS INC 10% owner · See Footnote	LWAY	Bought	33,174	$838.3k33.2k shares	+2%
2026-05-14	LIFEWAY FOODS INC 10% owner · See Footnote	LWAY	Bought	131,871	$3.4m131.9k shares	+7%