Divisadero Street Capital Management, LP

CIK 0001901865 · Q2 2026

13F Equity AUM

$4.4B

+84.5% QoQ

Positions

140

+22 QoQ

AUM Rank

#926

Top 11%

Skill Alpha (FF)

+2.2%/yr^ns

No Clear Edge

Rank #1,279 · Top 15%

vs S&P +1.4%/yr (unadj.)

Quarters Tracked

~4 years

Portfolio Concentration

Top 5: 32.3%Top 10: 48.0%Top 20: 69.8%

SGHC9.0%

SEZL6.4%

CVNA6.2%

DAVE5.9%

HIMS4.7%

CLS3.8%

RSI3.7%

SN2.8%

CECO2.7%

COMP2.7%

Others (130)52.0%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Consumer Cyclical33.8%

Technology25.7%

Healthcare12.8%

Financial Services10.9%

Industrials7.5%

Consumer Defensive5.7%

Other3.7%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 140Median: 0.15%Avg: 0.71%

0–0.5%

99(11.9%)

0.5–1%

14(9.3%)

1–3%

20(39.0%)

3–5%

3(12.2%)

5%+

4(27.6%)

Count of positions per weight bucket — (%) = combined portfolio weight

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Portfolio Overlap

Shared: 0Unique: 140vs 20 funds

0%Low

140

Fund positions

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

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Position Changes This Quarter

New51Increased39Decreased30Exited29

New Positions

CHYM1.7%

+3.7M

VSH1.6%

+1.3M

PAHUSD1.1%

+1.0M

ENVA0.8%

+146K

PRCH0.7%

+2.1M

ETHOS TECHNOLOGIES I…0.7%

+1.6M

ICHR0.5%

+201K

KLAR0.5%

+1.0M

CDNA0.5%

+701K

HROW0.4%

+439K

Increased

SGHC9.0%

+13.0M(+80%)

COMP2.7%

+6.1M(+180%)

HIMS4.7%

+5.5M(+1179%)

REAL2.5%

+4.9M(+112%)

CVNA6.2%

+3.9M(+1737%)

RELY1.9%

+2.7M(+253%)

TDUP0.6%

+2.6M(+265%)

FSLY0.7%

+1.5M(+653%)

VITL0.5%

+1.5M(+263%)

GRPN1.0%

+1.4M(+315%)

Decreased

BULLW0.7%

-5,133,670(-54%)

BLND0.0%

-2,976,229(-94%)

OMDA1.9%

-2,088,020(-35%)

CODI0.2%

-1,102,956(-57%)

WTTR0.4%

-1,099,471(-58%)

RSI3.7%

-1,001,277(-16%)

AXGN0.2%

-925,465(-84%)

BBW0.1%

-814,951(-80%)

CELH1.2%

-714,686(-28%)

PRCT0.1%

-686,078(-79%)

Exited

SGHC

-14,537,600

DAVE INC

-485,000

-258,228

-825,556

-308,500

-469,269

-1,318,661

-248,812

-574,100

-35,000

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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