Divisar Capital Management LLC — 13F Holdings & Portfolio
CIK 1645721 · latest 13F-HR filed 2026-08-14
Divisar Capital Management LLC manages $434.0M in 13F-reported U.S. long-equity assets across 28 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are ONTO (9.96%), PII (8.34%), MKSI (6.41%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 2 new positions and exited 0; 15 existing positions rose in reported value and 8 fell.
AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.
Long-equity book
Distinct positions
Filed 2026-08-14
vs 2026-03-31
Portfolio charts
Latest quarter's book, what changed, and how the portfolio has evolved across filings.
Portfolio map
Q2 26Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.
Sector mix
% of 13F valueSectors from each company's SIC code; funds and ETFs grouped separately.
Biggest buys and sells
Q1 26 → Q2 26Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.
13F assets and positions
4 quartersTotal reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.
Top positions over time
reported valueThe eight largest current positions, valued at each quarter end.
Concentration
top 10 = 60.9%Cumulative share of the portfolio held in the largest N positions.
As of the firm’s regulatory filing dated Sep 4, 2026.
SUITE 2420
SAN FRANCISCO, CA 94111
| Name | Title / Status | Ownership | Type |
|---|---|---|---|
| BAUGHMAN, STEVEN, RICHARD Control | CEO, CHIEF COMPLIANCE OFFICER since Nov 2008 | 75% or more | Individual |
Ownership & leadership changes · 1 filing with changes since Mar 30, 2016
From the firm’s regulatory filings, newest first. Dates are filing dates: a filing that no longer lists someone does not say when they left.
- ChangedBAUGHMAN, STEVEN, RICHARD · title MANAGING MEMBER, CHIEF COMPLIANCE OFFICER → CEO, CHIEF COMPLIANCE OFFICER
- ListedBAUGHMAN, STEVEN, RICHARD · MANAGING MEMBER, CHIEF COMPLIANCE OFFICER · 75% or more · control person
Quarter-over-quarter changes
Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.
Top Adds (vs prior quarter)
- POLARIS INC$10.2M +39.0%
- MKS INC.$8.2M +41.5%
- TTM TECHNOLOGIES INC$5.0M +40.4%
- BOX INC$4.8M +31.6%
- VERTEX INC$4.6M +32.5%
Top Trims
- ADTRAN HOLDINGS INC-$10.4M -46.8%
- ULTRA CLEAN HLDGS INC-$3.9M -15.0%
- LUMENTUM HLDGS INC-$2.3M -9.4%
- CALIX INC-$1.9M -11.5%
- ABERCROMBIE & FITCH CO-$1.9M -32.1%
Divisar Capital Management LLC Holdings (2026-06-30)
Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).
| # | Issuer | Symbol | CUSIP | Value | Weight | Shares | Type |
|---|---|---|---|---|---|---|---|
| 1 | ONTO INNOVATION INC | ONTO | 683344105 | $43.2M | 9.96% | 114,253 | SH |
| 2 | POLARIS INC | PII | 731068102 | $36.2M | 8.34% | 529,090 | SH |
| 3 | MKS INC. | MKSI | 55306N104 | $27.8M | 6.41% | 62,501 | SH |
| 4 | BRUNSWICK CORP | BC | 117043109 | $24.2M | 5.57% | 287,137 | SH |
| 5 | KULICKE & SOFFA INDS INC | KLIC | 501242101 | $24.2M | 5.57% | 180,828 | SH |
| 6 | ORION S.A. | OEC | L72967109 | $22.4M | 5.17% | 3,384,750 | SH |
| 7 | LUMENTUM HLDGS INC | LITE | 55024U109 | $22.4M | 5.16% | 26,123 | SH |
| 8 | ULTRA CLEAN HLDGS INC | UCTT | 90385V107 | $22.2M | 5.11% | 155,653 | SH |
| 9 | PDF SOLUTIONS INC | PDFS | 693282105 | $21.8M | 5.02% | 307,879 | SH |
| 10 | BOX INC | BOX | 10316T104 | $19.9M | 4.57% | 748,049 | SH |
| 11 | VERTEX INC | VERX | 92538J106 | $18.8M | 4.34% | 1,640,895 | SH |
| 12 | RXO INC | RXO | 74982T103 | $18.3M | 4.21% | 662,525 | SH |
| 13 | MASTERCRAFT BOAT HLDGS INC | MCFT | 57637H103 | $17.4M | 4.00% | 672,276 | SH |
| 14 | TTM TECHNOLOGIES INC | TTMI | 87305R109 | $17.3M | 3.99% | 92,639 | SH |
| 15 | CALIX INC | CALX | 13100M509 | $14.7M | 3.40% | 395,163 | SH |
| 16 | WEAVE COMMUNICATIONS INC | WEAV | 94724R108 | $12.1M | 2.79% | 2,023,606 | SH |
| 17 | ADTRAN HOLDINGS INC | ADTN | 00486H105 | $11.8M | 2.73% | 851,526 | SH |
| 18 | COMMERCE COM INC | CMRC | 08975P108 | $9.3M | 2.14% | 3,142,845 | SH |
| 19 | GENTHERM INC | THRM | 37253A103 | $7.8M | 1.80% | 228,972 | SH |
| 20 | DINE BRANDS GLOBAL INC | DIN | 254423106 | $5.9M | 1.37% | 165,637 | SH |
| 21 | CALLAWAY GOLF CO | CALY | 131193104 | $5.6M | 1.29% | 298,282 | SH |
| 22 | OXFORD INDS INC | OXM | 691497309 | $5.4M | 1.24% | 154,388 | SH |
| 23 | ZUMIEZ INC | ZUMZ | 989817101 | $5.1M | 1.19% | 289,102 | SH |
| 24 | NLIGHT INC | LASR | 65487K100 | $5.0M | 1.15% | 71,446 | SH |
| 25 | VIAVI SOLUTIONS INC | VIAV | 925550105 | $4.6M | 1.06% | 96,353 | SH |
| 26 | FABRINET | FN | G3323L100 | $4.3M | 0.98% | 7,570 | SH |
| 27 | ABERCROMBIE & FITCH CO | ANF | 002896207 | $4.0M | 0.92% | 44,308 | SH |
| 28 | EVERQUOTE INC | EVER | 30041R108 | $2.1M | 0.49% | 90,000 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-06-30 | 2026-08-14 | $434.0M | 28 | 0001645721-26-000009 |
| 2026-03-31 | 2026-05-15 | $392.4M | 26 | 0001645721-26-000008 |
| 2025-12-31 | 2026-02-17 | $355.9M | 26 | 0001645721-26-000006 |
| 2025-09-30 | 2025-11-14 | $367.6M | 25 | 0001645721-25-000024 |
SAN FRANCISCO, CA 94111