Potrero Capital Research LLC

CIK

1536630

Location

SAN FRANCISCO, CA

Portfolio Value

Small $162,900,717

Diversification

Diversified

Filing Date

Global Rank

#4,669 / 8,621 ▼ 1120 · as of Mar 2026

Top Industry

Software - Application 17.7%

3Y Alpha vs SPY

-18.6%

Period ended 4 months ago

Filed May 15, 2026 · 2mo

25 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of buying every stock this filer reported holding, rebalancing on each filing and indexed to the same start. Option positions cannot be bought this way and are left out.

Not a measure of this manager's performance. Most of Potrero Capital Research LLC's reported book is option positions, which a stock-only clone cannot replicate. The figures below are the return of the 88% that is ordinary stock — as little as 37% in one quarter — so a manager whose options thesis lost money can still show a large gain here.

Cloned portfolio

+35.3%

SPY

+67.9%

Annualised alpha

-8.2%

Max drawdown

−27.3%

Estimate. 13F holdings are quarter-lagged, so the clone rebalances about 45 days after each period end — when the filing becomes public — and it excludes option and short positions. It tracks 88% of reported value on average across 13 quarters. Past performance does not predict future results.

Portfolio Concentration

30 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

9.6%

−0.4 pts

Top 5

35.2%

−1.4 pts

Top 10

61.8%

+2.9 pts

HHI

509

Diversified+30

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Technology	37.3%	$60,782,057	11
Consumer Cyclical	17.6%	$28,617,385	3
Communication Services	11.7%	$19,013,745	4
Basic Materials	10.9%	$17,832,419	4
Utilities	8.4%	$13,679,623	2
Industrials	5.7%	$9,345,127	2
Healthcare	4.5%	$7,379,357	2
Consumer Defensive	3.8%	$6,251,004	2

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

3 positions

Ticker	Company	Δ Shares	Shares	Value
SPT	Sprout Social, Inc.	+176,304	556,606	$3,172,654
AD	Array Digital Infrastructure, Inc.	+71,122	160,434	$7,402,424
BL	Blackline, Inc.	+50,592	421,149	$15,582,513
No positions match the current search.

Trimmed

Positions the filer reduced

15 positions

Ticker	Company	Δ Shares	Shares	Value
BLND	Blend Labs, Inc.	−1,111,421	549,702	$934,493
TAC	Transalta Corp	−934,171	790,373	$10,353,885
CMRC	Commerce.com, Inc.	−666,677	748,662	$1,998,927
NXDR	Nextdoor Holdings, Inc.	−603,570	1,942,617	$2,719,663
FRSH	Freshworks Inc.	−331,949	64,630	$518,978
WEAV	Weave Communications, Inc.	−156,980	619,392	$2,861,591
LGN	Legence Corp.	−68,290	25,059	$1,414,831
TLN	Talen Energy Corp	−67,082	10,418	$3,325,738
YETI	YETI Holdings, Inc.	−65,816	254,953	$9,328,730
TPB	Turning Point Brands, Inc.	−58,224	48,527	$4,211,658
AMRZ	Amrize Ltd	−51,765	167,358	$9,375,395
STX	Seagate Technology Holdings plc	−33,260	28,340	$11,102,478
BILL	BILL Holdings, Inc.	−28,640	171,360	$6,563,088
SOLS	Solstice Advanced Materials Inc.	−19,575	21,802	$1,660,440
GEV	GE Vernova Inc.	−4,545	9,085	$7,930,296
No positions match the current search.

New Positions

Positions the filer opened this quarter

11 positions

Ticker	Company	Shares	Value
BIRK	Birkenstock Holding plc	304,339	$10,904,466
GLW	Corning Inc /Ny	65,720	$8,935,948
ATEX	Anterix Inc.	229,561	$8,766,934
CROX	Crocs, Inc.	100,990	$8,384,189
NOK	Nokia Corp	939,065	$7,550,082
GMTL	Guardian Metal Resources PLC	359,507	$6,284,182
HNGE	Hinge Health, Inc.	117,162	$4,517,766
AKAM	Akamai Technologies Inc	20,000	$2,297,000
MPTI	M-tron Industries, Inc.	31,801	$2,125,896
ZVIA	Zevia PBC	1,743,031	$2,039,346
BMM	Blue Moon Metals Inc.	78,349	$512,402
No positions match the current search.

Sold Out

Positions the filer fully exited

13 positions

Ticker	Company	Shares	Value
MSFT	Microsoft Corp	38,694	$18,713,192
DBRG	DigitalBridge Group, Inc.	1,003,583	$15,394,963
BSTZ	BlackRock Science & Technology Term Trust	538,710	$12,180,233
AMBA	Ambarella Inc	148,537	$10,522,361
IE	Ivanhoe Electric Inc.	588,590	$9,405,668
U	Unity Software Inc.	200,000	$8,834,000
CWAN	Clearwater Analytics Holdings, Inc.	350,000	$8,442,000
RDDT	Reddit, Inc.	33,500	$7,700,645
UNF	Unifirst Corp	20,000	$3,858,000
ESTC	Elastic N.V.	40,000	$3,017,600
SXT	Sensient Technologies Corp	27,408	$2,574,981
METC	Ramaco Resources, Inc.	114,176	$2,055,168
SSD	Simpson Manufacturing Co., Inc.	9,141	$1,475,997
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

30 positions · $162,900,717 total · as of Mar 31, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Healthcare Industrials Technology Utilities

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
BL	Blackline, Inc. Technology	Added	421,149	+50,592	$15,582,513	−23.9%	9.57%
STX	Seagate Technology Holdings plc Technology	Reduced	28,340	-33,260	$11,102,478	−34.6%	6.82%
BIRK	Birkenstock Holding plc Consumer Cyclical	NEW	304,339	NEW	$10,904,466	NEW	6.69%
TAC	Transalta Corp Utilities	Reduced	790,373	-934,171	$10,353,885	−52.5%	6.36%
AMRZ	Amrize Ltd Basic Materials	Reduced	167,358	-51,765	$9,375,395	−20.9%	5.76%
YETI	YETI Holdings, Inc. Consumer Cyclical	Reduced	254,953	-65,816	$9,328,730	−34.2%	5.73%
GLW	Corning Inc /Ny Technology	NEW	65,720	NEW	$8,935,948	NEW	5.49%
ATEX	Anterix Inc. Communication Services	NEW	229,561	NEW	$8,766,934	NEW	5.38%
CROX	Crocs, Inc. Consumer Cyclical	NEW	100,990	NEW	$8,384,189	NEW	5.15%
GEV	GE Vernova Inc. Industrials	Reduced	9,085	-4,545	$7,930,296	−11.0%	4.87%
NOK	Nokia Corp Technology	NEW	939,065	NEW	$7,550,082	NEW	4.63%
AD	Array Digital Infrastructure, Inc. Communication Services	Added	160,434	+71,122	$7,402,424	+54.6%	4.54%
BILL	BILL Holdings, Inc. Technology	Reduced	171,360	-28,640	$6,563,088	−39.8%	4.03%
GMTL	Guardian Metal Resources PLC Basic Materials	NEW	359,507	NEW	$6,284,182	NEW	3.86%
HNGE	Hinge Health, Inc. Healthcare	NEW	117,162	NEW	$4,517,766	NEW	2.77%
TPB	Turning Point Brands, Inc. Consumer Defensive	Reduced	48,527	-58,224	$4,211,658	−63.6%	2.59%
TLN	Talen Energy Corp Utilities	Reduced	10,418	-67,082	$3,325,738	−88.6%	2.04%
SPT	Sprout Social, Inc. Technology	Added	556,606	+176,304	$3,172,654	−26.0%	1.95%
WEAV	Weave Communications, Inc. Healthcare	Reduced	619,392	-156,980	$2,861,591	−51.4%	1.76%
NXDR	Nextdoor Holdings, Inc. Communication Services	Reduced	1,942,617	-603,570	$2,719,663	−49.1%	1.67%
AKAM	Akamai Technologies Inc Technology	NEW	20,000	NEW	$2,297,000	NEW	1.41%
MPTI	M-tron Industries, Inc. Technology	NEW	31,801	NEW	$2,125,896	NEW	1.31%
ZVIA	Zevia PBC Consumer Defensive	NEW	1,743,031	NEW	$2,039,346	NEW	1.25%
CMRC	Commerce.com, Inc. Technology	Reduced	748,662	-666,677	$1,998,927	−65.7%	1.23%
SOLS	Solstice Advanced Materials Inc. Basic Materials	Reduced	21,802	-19,575	$1,660,440	−17.4%	1.02%
LGN	Legence Corp. Industrials	Reduced	25,059	-68,290	$1,414,831	−64.8%	0.87%
BLND	Blend Labs, Inc. Technology	Reduced	549,702	-1,111,421	$934,493	−81.5%	0.57%
FRSH	Freshworks Inc. Technology	Reduced	64,630	-331,949	$518,978	−89.3%	0.32%
BMM	Blue Moon Metals Inc. Basic Materials	NEW	78,349	NEW	$512,402	NEW	0.31%
META	Meta Platforms, Inc. Communication Services	Held	218	0	$124,724	−13.3%	0.08%