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Institutional

Divisadero Street Capital Management, LP

CIK 0001901865
$2.39B
Reported AUM
118
Positions
Q1 2026
Period
2026-05-15
Filed

The Brief · Divisadero Street Capital Management, LP · Q1 2026

AI · grounded in 13F

Divisadero Street Capital Management, LP closed its position in INDIVIOR PLC, reducing exposure by $99.9M. The fund established new positions in SUPER GROUP SGHC LTD for $157M and DAVE INC for $84.4M. Other notable activity includes a new position in EAT worth $36.8M and the complete exit of its IMAX holding.

Portfolio · Q1 2026

SGHC$176.3MSUPER$157.0MRSI$139.8MDAVECELHCLSDAVESEZLSNOMDACVNAFLYWOther$1.17BDL

Top holdings

QoQ vs Q4 2025

#StockIssuerPriceDay %1Y Gr.5Y Gr.Value% of bookΔ shares (QoQ)Status
1SGHCSUPER GROUP SGHC LTD$12.94-0.77%41.59%40.13%$176.3M7.37%7,803,058−32.3%
2SUPER GROUP SGHC LTD$157.0M6.56%+14,537,600NEW
3RSIRUSH STREET INTERACTIVE$26.14-0.34%95.37%165.38%$139.8M5.84%+2,015,375+45.7%
4DAVEDAVE INC$258.25-1.31%16.57%-18.15%$111.6M4.66%345,868−35.1%
5CELHCELSIUS HLDGS$28.131.37%-30.71%22.96%$90.0M3.76%+5,098+0.2%
6CLSCELESTICA INC$371.71-12.61%207.89%4090.64%$86.1M3.60%+130,804+74.7%
7DAVE INC$84.4M3.53%+485,000NEW
8SEZLSEZZLE INC$116.01-4.10%-12.17%7634.00%$83.0M3.47%+188,388+16.8%
9SNSHARKNINJA INC$119.82-2.96%37.33%251.28%$81.5M3.41%HELD
10OMDAOMADA HEALTH INC$17.93-1.54%-22.04%2.34%$74.0M3.09%+5,418,118+1153.8%
11CVNACARVANA CO$66.510.48%-2.61%-1.48%$71.2M2.98%+8,447+3.9%
12FLYWFLYWIRE CORP$14.40-1.23%37.14%-54.66%$70.7M2.95%+284,132+4.9%
13LITELUMENTUM HLDGS$863.66-8.62%960.23%928.29%$65.5M2.74%24,993−21.1%
14APEIAMERICAN PUBLIC EDUCATION$52.65-0.64%86.37%77.75%$59.8M2.50%619,489−37.1%
15VSCOVICTORIA'S SECRET & CO$74.602.08%236.64%12.52%$54.6M2.28%+684,762+138.8%
16FIGSFIGS INC$11.871.45%133.20%-67.39%$47.2M1.97%1,214,236−27.5%
17BULLWEBULL CORP$5.60-8.20%-48.91%-43.72%$45.8M1.92%+8,748,219+1093.5%
18REALTHE REALREAL INC$8.87-2.31%55.34%-46.27%$39.4M1.65%+1,192,314+37.8%
19BBWBUILD-A-BEAR WORKSHOP$33.97-4.90%-27.77%165.79%$38.4M1.60%226,254−18.1%
20EATBRINKER INTERNATIONAL INC$140.462.90%-18.17%158.48%$36.9M1.54%+258,228NEW
21AXGNAXOGEN$42.800.97%291.94%110.11%$36.3M1.52%+592,059+117.5%
22LINCLINCOLN EDUCATIONAL SERVICES$47.99-5.16%108.20%591.50%$33.6M1.40%+825,556NEW
23ATRCATRICURE$27.10-0.62%-22.44%-67.91%$33.1M1.38%+1,159,955NEW
24XPELXPEL INC$44.56-3.13%20.60%-51.88%$31.9M1.33%+720,425NEW
25WTTRSELECT WATER SOLUTIONS INC$18.01-6.25%108.43%233.51%$29.1M1.22%+1,901,651NEW
26LWAYLIFEWAY FOODS INC$23.601.42%-5.30%271.65%$27.2M1.14%+61,133+4.5%
27LRNSTRIDE$100.01-1.94%-31.25%226.19%$27.2M1.14%+308,500NEW
28TPBTURNING POINT BRANDS$86.55-1.27%14.04%69.21%$25.7M1.07%235,636−44.4%
29COMPCOMPASS$7.71-2.16%22.58%-43.56%$24.8M1.04%+2,139,927+171.2%
30HNGEHINGE HEALTH INC-A$63.621.02%63.59%22.94%$22.0M0.92%+546,020+2216.1%
31PRCTPROCEPT BIOROBOTICS CORP$27.833.07%$21.7M0.91%+866,338NEW
32CTRNCITI TRENDS INC$43.06-6.88%$21.4M0.89%+290,939+143.2%
33TREELENDINGTREE INC$35.85-1.13%$20.1M0.84%+469,269NEW
34ADPTADAPTIVE BIOTECHNOLOGIES$16.90-6.53%$18.3M0.77%+957,317+264.9%
35EYENATIONAL VISION HLDGS$15.44-0.39%$18.0M0.75%+344,187+97.8%
36KRUSKURA SUSHI USA INC$45.58-0.42%$17.4M0.73%+248,812NEW
37RELYREMITLY GLOBAL$18.77-5.25%$16.5M0.69%+992,094+1614.1%
38INDVINDIVIOR PHARMACEUTICALS$37.620.44%$15.9M0.66%+521,083NEW
39CODICOMPASS DIVERSIFIED HLDGS$10.64-0.28%$15.2M0.63%+1,930,254NEW
40CALXCALIX$37.27-2.79%$15.0M0.63%+305,670NEW
41PROCEPT BIOROBOTICS CORP$14.4M0.60%+574,100NEW
42VCELVERICEL CORPORATION$36.301.71%$13.6M0.57%+197,178+87.6%
43WLDNWILLDAN GROUP$97.21-0.70%$12.6M0.53%133,945−44.8%
44TSEMTOWER SEMICONDUCTOR LTD$235.48-9.88%$12.3M0.51%+70,000NEW
45EZPWEZCORP INC$31.95-0.62%$11.6M0.49%+320,351+231.3%
46CECOCECO ENVIRONMENTAL$78.02-3.80%$11.2M0.47%+187,600NEW
47AVGOBROADCOM INC$385.73-7.92%$10.8M0.45%+35,000NEW
48HIMSHIMS & HERS HEALTH INC$26.19-6.50%$9.8M0.41%HELD
49ASAMER SPORTS INC$34.10-1.13%$9.6M0.40%2,198,061−88.2%
50PGNYPROGYNY INC$25.861.49%$9.6M0.40%+199,985+55.0%
51JOUTJOHNSON OUTDOORS$44.84-2.20%$8.8M0.37%19,400−9.3%
52BRBRBELLRING BRANDS INC-W/I$8.770.92%$8.4M0.35%+467,960+838.9%
53WRBYWARBY PARKER INC$22.72-5.80%$8.1M0.34%+383,909NEW
54VITLVITAL FARMS$10.042.14%$7.8M0.33%+17,075+3.2%
55HOODROBINHOOD MARKETS$82.47-6.63%$6.9M0.29%+100,000NEW
56FSLYFASTLY INC$18.07-9.24%$6.5M0.27%+225,000NEW
57ANGOANGIODYNAMICS$11.94-0.75%$6.4M0.27%+562,153NEW
58UCTTULTRA CLEAN HOLDINGS$82.07-12.40%$6.2M0.26%+100,000NEW
59TCMDTACTILE SYSTEMS TECHNOLOGY$25.400.91%$6.2M0.26%+237,884NEW
60LOCOEL POLLO LOCO HLDGS$13.82-0.14%$6.0M0.25%260,370−37.6%
61BXCBLUELINX HOLDINGS INC$50.30-2.61%$5.6M0.23%HELD
62ONTOONTO INNOVATION INC$253.24-7.83%$5.4M0.23%+26,500NEW
63BLNDBLEND LABS$1.62-5.81%$5.4M0.23%2,526,030−44.3%
64GRPNGROUPON INC$16.46-11.17%$5.3M0.22%HELD
65JBLJABIL CIRCUIT INC$353.24-5.51%$5.2M0.22%+19,500NEW
66COCOVITA COCO CO INC$74.090.15%$5.1M0.21%+107,243NEW
67VVVVALVOLINE INC$35.731.36%$5.1M0.21%+150,000NEW
68PMPHILIP MORRIS INTL$178.291.89%$4.7M0.20%HELD
69DCTHDELCATH SYS INC$10.67-1.11%$4.6M0.19%HELD
70FTKFLOTEK INDUSTRIES INC$23.52-5.24%$4.6M0.19%68,145−20.2%
71HZOMARINEMAX INC$33.04-5.28%$4.4M0.19%+163,646NEW
72NVDANVIDIA CORP$205.10-6.20%$4.4M0.18%+25,000NEW
73AFRMAFFIRM HLDGS$63.61-7.41%$4.4M0.18%+95,071NEW
74DKNGDRAFTKINGS INC$24.93-1.73%$4.3M0.18%301,925−60.1%
75XMTRXOMETRY$80.66-2.47%$3.4M0.14%+82,172NEW
76TDUPTHREDUP$4.820.42%$3.3M0.14%HELD
77PRTHPRIORITY TECHNOLOGY HOLDINGS$5.82-3.96%$3.1M0.13%404,875−38.3%
78BHEBENCHMARK ELECTRONICS$83.92-5.21%$3.0M0.12%+53,047NEW
79ARLOARLO TECHNOLOGIES$12.80-1.01%$2.8M0.12%120,287−37.6%
80ZUMZZUMIEZ INC$17.39-25.94%$2.8M0.12%HELD
81ANFABERCROMBIE & FITCH CO$75.34-2.99%$2.7M0.11%+30,000NEW
82ACVAACV AUCTIONS$5.66-3.58%$2.6M0.11%+609,100NEW
83STUBSTUBHUB HLDGS$9.29-0.96%$2.4M0.10%+384,638NEW
84UPSTUPSTART HLDGS$29.74-7.84%$2.3M0.10%280,411−75.8%
85NSSCNAPCO SECURITY TECHNOLOGIES$34.96-2.26%$2.0M0.08%758,930−93.7%
86WINGWINGSTOP$142.23-1.56%$2.0M0.08%HELD
87FLUTFLUTTER ENTMT PLC$100.49-0.34%$2.0M0.08%+19,191NEW
88HTZHERTZ GLOBAL HLDGS INC$5.09-0.20%$1.8M0.08%+400,000NEW
89FOXFFOX FACTORY HOLDING CORP$17.41-1.92%$1.6M0.07%HELD
90ADTNADTRAN HLDGS$15.35-11.12%$1.5M0.06%5,758−4.5%
91SGSWEETGREEN INC$7.420.68%$1.4M0.06%+18,026+7.1%
92GAMBGAMBLING COM GROUP LTD$2.37-1.25%$1.2M0.05%HELD
93SRTSSENSUS HEALTHCARE INC$2.70-4.26%$1.1M0.05%12,801−4.3%
94SFIXSTITCH FIX INC$3.42-6.81%$1.0M0.04%+311,747NEW
95ONEWONEWATER MARINE$10.18-6.26%$1.0M0.04%HELD
96MEDMEDIFAST$12.10-1.39%$814K0.03%HELD
97MAXMEDIAALPHA$9.074.86%$808K0.03%762,104−89.8%
98ZVIAZEVIA PBC-A$1.410.71%$676K0.03%2,636,464−82.0%
99LOVELOVESAC CO$15.73-3.79%$563K0.02%HELD
100DSPVIANT TECHNOLOGY$12.11-4.80%$554K0.02%+49,445NEW
101INGNINOGEN INC$6.411.58%$545K0.02%HELD
102FLWS1-800-FLOWERS$4.34-3.98%$524K0.02%HELD
103LFMDLIFEMD$4.890.41%$490K0.02%HELD
104SHAKSHAKE SHACK INC$375K0.02%+4,238NEW
105RCELAVITA MEDICAL$370K0.02%HELD
106SNBRSLEEP NUMBER$342K0.01%+34,375+22.0%
107RVLVREVOLVE GROUP$311K0.01%+13,776NEW
108MODMODINE MFG CO$301K0.01%+1,390NEW
109WWAYFAIR INC$263K0.01%+3,500NEW
110JILLJ. JILL INC$246K0.01%86,653−80.2%
111TKNOALPHA TEKNOVA$228K0.01%HELD
112IBTAIBOTTA INC$202K0.01%+6,727NEW
113DDD3D SYS CORP DEL$170K0.01%HELD
114LFVNLIFEVANTAGE$107K0.00%39,675−61.7%
115DXLGDESTINATION XL GROUP INC$101K0.00%HELD
116PRPLPURPLE INNOVATION$92K0.00%HELD
117ZIPZIPRECRUITER$91K0.00%HELD
118GOGOGOGO INC$49K0.00%HELD
119INDVINDIVIOR PLC$37.620.44%2,784,786EXITED
120IMAXIMAX CORP964,986EXITED
121PRCH 9 05/15/30PORCH GROUP INC1,620,351EXITED
122ENVAENOVA INTL INC82,490EXITED
123ROSTROSS STORES INC68,204EXITED
124TTMITTM TECHNOLOGIES INC164,595EXITED
125PHATPHATHOM PHARMACEUTICALS INC662,312EXITED
126CBLLCERIBELL INC188,506EXITED
1271RGREV GROUP INC50,000EXITED
128BVSBIOVENTUS INC183,131EXITED
129PACKRANPAK HOLDINGS CORP250,001EXITED
130BBNXBETA BIONICS INC39,606EXITED
131NEONEOGENOMICS INC100,000EXITED
132ARHSARHAUS INC67,413EXITED
133NTGRNETGEAR INC28,700EXITED

Source: SEC EDGAR · accession 0001901865-26-000001. 13F discloses long positions only — shorts, foreign equities, and options are excluded.