Divisar Capital Management LLC

Registered adviser

CIK

1645721

Location

SAN FRANCISCO, CA

Portfolio Value

Small $433,982,851

Diversification

Diversified

Filing Date

Global Rank

#4,067 / 8,811 ▼ 293

Top Industry

Semiconductor Equipment & Materials 20.7%

Period ended 4 months ago

Filed Aug 14, 2026 · 2mo

26 quarters · since Mar 2020

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Registered adviser

Form ADV roster, Oct 1, 2026

Form ADV adviser

CRD 149091

Roster of Oct 1, 2026

Regulatory AUM

$812,831,802

Main clients

Pooled investment vehicles (100% of AUM)

Private funds

2 funds · Hedge funds

Focus by fund count, roster of Oct 1, 2026

$812,831,802 gross assets

Private funds on Schedule D 7.B.(1)

As filed Mar 26, 2024; SEC's bulk Form ADV archive ends with 2024 filings.

$1,145,273,397 gross assets in 2 funds Hedge funds $1,145,273,397 (2)

Form ADV history

Monthly rosters from Dec 2019; each row is a run with the same figures, newest first.

Rosters	Regulatory AUM	Main clients
Apr 2026 to Oct 2026	$812,831,802	Pooled investment vehicles (100%)
Apr 2025 to Mar 2026	$987,990,806	Pooled investment vehicles (100%)
Apr 2024 to Mar 2025	$1,145,273,397	Pooled investment vehicles (100%)
May 2023 to Mar 2024	$943,460,000	Pooled investment vehicles (100%)
Apr 2023	$943,460,000	Pooled investment vehicles (100%)
Apr 2022 to Mar 2023	$709,849,000	Pooled investment vehicles (100%)

3 earlier changes not shown.

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2026, never from the firm's own description.

Style

Concentrated

The top 10 positions are 60.9% of the book (60%+)

Turnover

Medium turnover

40.1% over the last four quarters (30% to under 100%)

Horizon

Long horizon

Value-weighted holding period 15.3 quarters (12+), a floor since 26.3% of the book was already held when coverage starts

Closest benchmark: the S&P MidCap 400 as of 2026-06-30, active share 96.9%; sector active share 52.0% against the combined 13F book's sector weights.

Over time 26 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

View clone backtest

Portfolio Concentration

28 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

10.0%

−0.1 pts

Top 5

35.9%

−0.3 pts

Top 10

60.9%

−2.4 pts

HHI

512

Diversified−17

Portfolio Trend

26 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Technology	61.6%	$267,363,884	15
Consumer Cyclical	25.7%	$111,636,512	9
Basic Materials	5.2%	$22,440,892	1
Industrials	4.2%	$18,279,064	1
Healthcare	2.8%	$12,121,399	1
Communication Services	0.5%	$2,141,100	1

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

7 positions

Ticker	Company	Δ Shares	Shares	Value
VERX	Vertex, Inc.	+445,183	1,640,895	$18,837,474
WEAV	Weave Communications, Inc.	+183,506	2,023,606	$12,121,399
OXM	Oxford Industries Inc	+133,292	154,388	$5,383,509
BOX	Box Inc	+110,000	748,049	$19,853,220
THRM	Gentherm Inc	+70,000	228,972	$7,810,234
CALX	Calix, Inc	+55,000	395,163	$14,747,483
PII	Polaris Inc.	+51,213	529,090	$36,210,919
No positions match the current search.

Trimmed

Positions the filer reduced

17 positions

Ticker	Company	Δ Shares	Shares	Value
ADTN	ADTRAN Holdings, Inc.	−917,913	851,526	$11,836,211
CMRC	Commerce.com, Inc.	−784,051	3,142,845	$9,302,821
RXO	RXO, Inc.	−390,000	662,525	$18,279,064
PDFS	Pdf Solutions Inc	−315,485	307,879	$21,794,754
UCTT	Ultra Clean Holdings, Inc.	−264,396	155,653	$22,194,561
OEC	Orion S.A.	−182,513	3,384,750	$22,440,892
KLIC	Kulicke & Soffa Industries Inc	−136,059	180,828	$24,187,553
ONTO	Onto Innovation Inc.	−79,000	114,253	$43,239,047
DIN	Dine Brands Global, Inc.	−76,630	165,637	$5,946,368
BC	Brunswick Corp	−62,633	287,137	$24,188,420
VIAV	Viavi Solutions Inc.	−35,000	96,353	$4,600,855
TTMI	Ttm Technologies Inc	−34,000	92,639	$17,325,345
MKSI	Mks Inc	−23,000	62,501	$27,800,444
ANF	Abercrombie & Fitch Co /De/	−20,000	44,308	$3,988,163
MCFT	MasterCraft Boat Holdings, Inc.	−20,000	672,276	$17,358,166
LASR	Nlight, Inc.	−16,868	71,446	$4,974,070
LITE	Lumentum Holdings Inc.	−9,100	26,123	$22,415,101
No positions match the current search.

New Positions

Positions the filer opened this quarter

2 positions

Ticker	Company	Shares	Value
CALY	Callaway Golf Co	298,282	$5,604,718
EVER	EverQuote, Inc.	90,000	$2,141,100
No positions match the current search.

Sold Out

Positions the filer fully exited

No qualifying positions this quarter.

Portfolio Positions

Compact Export CSV View 13F filing

28 tracked positions · $433,982,851 total · filing declares 28 positions · $433,982,867 · as of Jun 30, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Healthcare Industrials Technology

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
ONTO	Onto Innovation Inc. Technology	Reduced	114,253	-79,000	$43,239,047	+9.1%	17	$115.25	9.96%
PII	Polaris Inc. Consumer Cyclical	Added	529,090	+51,213	$36,210,919	+39.0%	7	$53.30	8.34%
MKSI	Mks Inc Technology	Reduced	62,501	-23,000	$27,800,444	+41.5%	5	$109.95	6.41%
BC	Brunswick Corp Consumer Cyclical	Reduced	287,137	-62,633	$24,188,420	−5.0%	23	$75.27	5.57%
KLIC	Kulicke & Soffa Industries Inc Technology	Reduced	180,828	-136,059	$24,187,553	+16.1%	26+	before history	5.57%
OEC	Orion S.A. Basic Materials	Reduced	3,384,750	-182,513	$22,440,892	−3.2%	22	$12.56	5.17%
LITE	Lumentum Holdings Inc. Technology	Reduced	26,123	-9,100	$22,415,101	−9.4%	26+	before history	5.16%
UCTT	Ultra Clean Holdings, Inc. Technology	Reduced	155,653	-264,396	$22,194,561	−15.0%	26+	before history	5.11%
PDFS	Pdf Solutions Inc Technology	Reduced	307,879	-315,485	$21,794,754	+6.9%	21	$26.47	5.02%
BOX	Box Inc Technology	Added	748,049	+110,000	$19,853,220	+31.6%	26+	before history	4.57%
VERX	Vertex, Inc. Technology	Added	1,640,895	+445,183	$18,837,474	+32.5%	3	$15.66	4.34%
RXO	RXO, Inc. Industrials	Reduced	662,525	-390,000	$18,279,064	+18.8%	14	$18.07	4.21%
MCFT	MasterCraft Boat Holdings, Inc. Consumer Cyclical	Reduced	672,276	-20,000	$17,358,166	+22.3%	26+	before history	4.00%
TTMI	Ttm Technologies Inc Technology	Reduced	92,639	-34,000	$17,325,345	+40.4%	4	$56.24	3.99%
CALX	Calix, Inc Technology	Added	395,163	+55,000	$14,747,483	−11.5%	9	$39.76	3.40%
WEAV	Weave Communications, Inc. Healthcare	Added	2,023,606	+183,506	$12,121,399	+42.6%	3	$6.02	2.79%
ADTN	ADTRAN Holdings, Inc. Technology	Reduced	851,526	-917,913	$11,836,211	−46.8%	13	$7.29	2.73%
CMRC	Commerce.com, Inc. Technology	Reduced	3,142,845	-784,051	$9,302,821	−11.3%	9	$5.85	2.14%
THRM	Gentherm Inc Consumer Cyclical	Added	228,972	+70,000	$7,810,234	+76.9%	3	$34.84	1.80%
DIN	Dine Brands Global, Inc. Consumer Cyclical	Reduced	165,637	-76,630	$5,946,368	−6.5%	2	$32.47	1.37%
CALY	Callaway Golf Co Consumer Cyclical	NEW	298,282	NEW	$5,604,718	NEW	1	$15.68	1.29%
OXM	Oxford Industries Inc Consumer Cyclical	Added	154,388	+133,292	$5,383,509	+562.7%	2	$41.06	1.24%
ZUMZ	Zumiez Inc Consumer Cyclical	Held	289,102	0	$5,146,015	−19.7%	17	$20.55	1.19%
LASR	Nlight, Inc. Technology	Reduced	71,446	-16,868	$4,974,070	−1.2%	15	$11.48	1.15%
VIAV	Viavi Solutions Inc. Technology	Reduced	96,353	-35,000	$4,600,855	+5.2%	4	$13.45	1.06%
FN	Fabrinet Technology	Held	7,570	0	$4,254,945	+7.8%	26+	before history	0.98%
ANF	Abercrombie & Fitch Co /De/ Consumer Cyclical	Reduced	44,308	-20,000	$3,988,163	−32.1%	26+	before history	0.92%
EVER	EverQuote, Inc. Communication Services	NEW	90,000	NEW	$2,141,100	NEW	1	$18.32	0.49%

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.