1y return+26.7%S&P 500 +20.9%
3y return+69.9%S&P 500 +68.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since December 31, 2021: $137 against $157 in the S&P 500.2
Divisadero Street Capital Management, LPS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| SEZLSezzle Inc | $283.1M | 6.6% | +25.8% |
| CVNACarvana Co | $274.0M | 6.4% | +267.4% |
| Super Group Sghc LimitedCUSIP G8588X103 | $272.5M | 6.4% | +23.2% |
| DAVEDave Inc | $260.6M | 6.1% | +9.1% |
| HIMSHims & Hers Health Inc | $208.3M | 4.9% | +1179.1% |
| CLSCelestica Inc | $168.3M | 3.9% | +50.9% |
| RSIRush Street Interactive Inc | $161.4M | 3.8% | −15.6% |
| Sharkninja IncCUSIP G8068L108 | $124.7M | 2.9% | +6.5% |
| CECOCeco Environmental Corp | $120.7M | 2.8% | +608.9% |
| COMPCompass Inc | $117.2M | 2.7% | +180.4% |
| FLYWFlywire Corporation | $116.7M | 2.7% | +9.5% |
| REALThe Realreal Inc | $108.4M | 2.5% | +111.8% |
| TPBTurning Pt Brands Inc | $107.3M | 2.5% | +328.1% |
| HNGEHinge Health Inc | $107.1M | 2.5% | +126.2% |
| WLDNWilldan Group Inc | $104.8M | 2.4% | +702.7% |
| LITELumentum Hldgs Inc | $92.8M | 2.2% | +16.1% |
| VSXYVictorias Secret And Co | $85.6M | 2.0% | −12.9% |
| OMDAOmada Health Inc | $83.4M | 1.9% | −35.5% |
| RELYRemitly Global Inc | $83.3M | 1.9% | +253.0% |
| CHYMChime Finl Inc | $74.3M | 1.7% | New |
| VSHVishay Intertechnology Inc | $72.3M | 1.7% | New |
| APEIAmerican Pub Ed Inc | $62.8M | 1.5% | +11.1% |
| LWAYLifeway Foods Inc | $62.7M | 1.5% | +49.2% |
| CELHCelsius Hldgs Inc | $53.3M | 1.2% | −28.2% |
| Amer Sports IncCUSIP G0260P102 | $51.4M | 1.2% | +419.2% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| CVNACarvana Co | June 30, 2023 | +1169.7% | $274.0M |
| LITELumentum Hldgs Inc | June 30, 2025 | +802.7% | $92.8M |
| RSIRush Street Interactive Inc | September 30, 2023 | +543.7% | $161.4M |
| CLSCelestica Inc | March 31, 2025 | +362.9% | $168.3M |
| HIMSHims & Hers Health Inc | December 31, 2023 | +289.6% | $208.3M |
| Sharkninja IncCUSIP G8068L108 | September 30, 2023 | +228.5% | $124.7M |
| CTRNCiti Trends Inc | September 30, 2024 | +214.9% | $40.8M |
| VSXYVictorias Secret And Co | December 31, 2024 | +101.5% | $85.6M |
| WLDNWilldan Group Inc | September 30, 2024 | +93.2% | $104.8M |
| FLYWFlywire Corporation | March 31, 2025 | +84.9% | $116.7M |
Sold off last quarter
- EATBrinker International Inc was $36.9M
- LINCLincoln Educational Services was $33.6M
- LRNStride was $27.2M
- TREELendingtree Inc was $20.1M
- ADPTAdaptive Biotechnologies was $18.3M
- KRUSKura Sushi Usa Inc was $17.4M
- AVGOBroadcom Inc was $10.8M
- PGNYProgyny Inc was $9.6M
- ANGOAngiodynamics was $6.4M
- UCTTUltra Clean Holdings was $6.2M
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +36.5% | +14.8% |
| March 31, 2026 | −9.5% | −4.6% |
| December 31, 2025 | +1.2% | +2.4% |
| September 30, 2025 | +1.3% | +7.8% |
| June 30, 2025 | +22.3% | +10.5% |
| March 31, 2025 | −9.3% | −4.6% |
| December 31, 2024 | +11.9% | +2.1% |
| September 30, 2024 | +0.7% | +5.4% |
| June 30, 2024 | +8.0% | +4.0% |
| March 31, 2024 | +7.4% | +10.0% |
| December 31, 2023 | +12.5% | +11.2% |
| September 30, 2023 | −17.8% | −3.6% |
| June 30, 2023 | +2.3% | +8.3% |
| March 31, 2023 | +1.7% | +7.0% |
| December 31, 2022 | +14.4% | +7.1% |
| September 30, 2022 | +0.7% | −5.3% |
| June 30, 2022 | −21.5% | −16.5% |
| March 31, 2022 | −14.2% | −4.9% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Divisadero Street Capital Management, LP Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1901865&type=13F-HR&dateb=&owner=include&count=40CIK 1901865
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1901865/000190186526000002/Filed August 14, 2026 · accession 0001901865-26-000002