Divisadero Street Capital Management, LP Q4 2025 Filing
Filed February 17, 2026
Portfolio Value
$2.1B
Holdings
88
Report Date
Q4 2025
Filing Type
13F-HR
All Holdings (88 positions)
| # | Stock | Shares | Value | % Portfolio | Type |
|---|---|---|---|---|---|
| 1 | SGHCSUPER GROUP SGHC LIMITED | 24,128,529 | $288.3M | 13.49% | Call |
| 2 | DAVEDAVE INC | 986,708 | $218.5M | 10.22% | Call |
| 3 | CELHCELSIUS HLDGS INC | 2,530,212 | $115.7M | 5.41% | Call |
| 4 | —INDIVIOR PLC | 2,784,786 | $99.9M | 4.67% | |
| 5 | ASAMER SPORTS INC | 2,490,845 | $93.0M | 4.35% | |
| 6 | CVNACARVANA CO | 218,189 | $92.1M | 4.31% | |
| 7 | SNSHARKNINJA INC | 769,163 | $86.1M | 4.03% | |
| 8 | RSIRUSH STREET INTERACTIVE INC | 4,411,304 | $85.7M | 4.01% | Call |
| 9 | FLYWFLYWIRE CORPORATION | 5,786,462 | $81.9M | 3.83% | |
| 10 | BBWBUILD-A-BEAR WORKSHOP INC | 1,251,224 | $76.7M | 3.59% | |
| 11 | SEZLSEZZLE INC | 1,123,226 | $71.3M | 3.33% | |
| 12 | 51AAMERICAN PUB ED INC | 1,671,558 | $63.2M | 2.96% | |
| 13 | TPBTURNING PT BRANDS INC | 531,214 | $57.6M | 2.69% | |
| 14 | CLSCELESTICA INC | 175,012 | $51.7M | 2.42% | |
| 15 | FIGSFIGS INC | 4,410,632 | $50.1M | 2.34% | |
| 16 | REALTHE REALREAL INC | 3,150,443 | $49.7M | 2.33% | |
| 17 | LITELUMENTUM HLDGS INC | 118,185 | $43.6M | 2.04% | |
| 18 | IMAIMAX CORP | 964,986 | $35.7M | 1.67% | |
| 19 | NSSCNAPCO SEC TECHNOLOGIES INC | 809,729 | $33.8M | 1.58% | |
| 20 | LWAYLIFEWAY FOODS INC | 1,347,635 | $32.7M | 1.53% | |
| 21 | J2AWILLDAN GROUP INC | 298,932 | $31.0M | 1.45% | |
| 22 | VSCOVICTORIAS SECRET AND CO | 493,413 | $26.7M | 1.25% | |
| 23 | BLNDBLEND LABS INC | 5,701,122 | $17.3M | 0.81% | |
| 24 | DKNGDRAFTKINGS INC NEW | 502,162 | $17.3M | 0.81% | |
| 25 | VITLVITAL FARMS INC | 534,780 | $17.1M | 0.80% | |
| 26 | AXGNAXOGEN INC | 503,822 | $16.5M | 0.77% | |
| 27 | UPSTUPSTART HLDGS INC | 370,000 | $16.2M | 0.76% | |
| 28 | HIMSHIMS & HERS HEALTH INC | 469,833 | $15.3M | 0.71% | |
| 29 | PRCH 9 05/15/30PORCH GROUP INC | 1,620,351 | $14.8M | 0.69% | |
| 30 | COMPCOMPASS INC | 1,250,000 | $13.2M | 0.62% | |
| 31 | ENVAENOVA INTL INC | 82,490 | $13.0M | 0.61% | |
| 32 | ROSTROSS STORES INC | 68,204 | $12.3M | 0.57% | |
| 33 | TTMITTM TECHNOLOGIES INC | 164,595 | $11.4M | 0.53% | |
| 34 | MAXMEDIAALPHA INC | 849,011 | $11.0M | 0.51% | |
| 35 | PHATPHATHOM PHARMACEUTICALS INC | 662,312 | $11.0M | 0.51% | |
| 36 | PGNYPROGYNY INC | 363,624 | $9.3M | 0.44% | |
| 37 | EYENATIONAL VISION HLDGS INC | 351,845 | $9.1M | 0.42% | |
| 38 | JOUTJOHNSON OUTDOORS INC | 209,457 | $8.9M | 0.42% | |
| 39 | CTRNCITI TRENDS INC | 203,107 | $8.4M | 0.39% | |
| 40 | VCELVERICEL CORP | 225,000 | $8.1M | 0.38% | |
| 41 | GRPNGROUPON INC | 444,965 | $7.8M | 0.37% | |
| 42 | ZVIAZEVIA PBC | 3,213,961 | $7.5M | 0.35% | |
| 43 | OMDAOMADA HEALTH INC | 469,597 | $7.4M | 0.35% | |
| 44 | LOCOEL POLLO LOCO HLDGS INC | 692,665 | $7.2M | 0.34% | |
| 45 | TDUPTHREDUP INC | 993,949 | $6.4M | 0.30% | |
| 46 | BXCBLUELINX HLDGS INC | 103,141 | $6.3M | 0.30% | |
| 47 | BULLWEBULL CORP | 800,000 | $6.2M | 0.29% | |
| 48 | ADPTADAPTIVE BIOTECHNOLOGIES COR | 361,344 | $5.9M | 0.27% | |
| 49 | FTKFLOTEK INDS INC DEL | 337,407 | $5.8M | 0.27% | |
| 50 | PRTHPRIORITY TECHNOLOGY HLDGS IN | 1,057,894 | $5.8M | 0.27% | |
| 51 | DCTHDELCATH SYS INC | 499,796 | $5.0M | 0.24% | |
| 52 | 4I1PHILIP MORRIS INTL INC | 28,244 | $4.5M | 0.21% | |
| 53 | ARLOARLO TECHNOLOGIES INC | 320,287 | $4.5M | 0.21% | |
| 54 | CBLLCERIBELL INC | 188,506 | $4.1M | 0.19% | |
| 55 | ZM3ZUMIEZ INC | 124,549 | $3.2M | 0.15% | |
| 56 | WINGWINGSTOP INC | 12,857 | $3.1M | 0.14% | |
| 57 | 1RGREV GROUP INC | 50,000 | $3.0M | 0.14% | |
| 58 | EZPWEZCORP INC | 138,505 | $2.7M | 0.13% | |
| 59 | SGSWEETGREEN INC | 255,244 | $1.7M | 0.08% | |
| 60 | FOXFFOX FACTORY HLDG CORP | 100,000 | $1.7M | 0.08% | |
| 61 | GAMBGAMBLING COM GROUP LIMITED | 305,694 | $1.7M | 0.08% | |
| 62 | BRBRBELLRING BRANDS INC | 55,780 | $1.5M | 0.07% | |
| 63 | JILLJ JILL INC | 108,105 | $1.5M | 0.07% | |
| 64 | BVSBIOVENTUS INC | 183,131 | $1.4M | 0.06% | |
| 65 | PACKRANPAK HOLDINGS CORP | 250,001 | $1.4M | 0.06% | |
| 66 | SL2SLEEP NUMBER CORP | 156,098 | $1.3M | 0.06% | |
| 67 | BBNXBETA BIONICS INC | 39,606 | $1.2M | 0.06% | |
| 68 | SRTSSENSUS HEALTHCARE INC | 298,879 | $1.2M | 0.06% | |
| 69 | NEONEOGENOMICS INC | 100,000 | $1.2M | 0.06% | |
| 70 | ONEWONEWATER MARINE INC | 108,000 | $1.2M | 0.05% | |
| 71 | HNGEHINGE HEALTH INC | 24,639 | $1.1M | 0.05% | |
| 72 | ADTNADTRAN HOLDINGS INC | 127,489 | $1.1M | 0.05% | |
| 73 | MEDMEDIFAST INC | 79,839 | $852K | 0.04% | |
| 74 | RELYREMITLY GLOBAL INC | 61,463 | $848K | 0.04% | |
| 75 | ARHSARHAUS INC | 67,413 | $755K | 0.04% | |
| 76 | NTGRNETGEAR INC | 28,700 | $704K | 0.03% | |
| 77 | FLWS1 800 FLOWERS COM INC | 172,395 | $677K | 0.03% | |
| 78 | INGNINOGEN INC | 88,136 | $592K | 0.03% | |
| 79 | LOVELOVESAC COMPANY | 38,115 | $562K | 0.03% | |
| 80 | LFMDLIFEMD INC | 135,826 | $463K | 0.02% | |
| 81 | LFVNLIFEVANTAGE CORP | 64,345 | $396K | 0.02% | |
| 82 | RCELAVITA MEDICAL INC | 100,000 | $345K | 0.02% | |
| 83 | TKNOALPHA TEKNOVA INC | 78,872 | $299K | 0.01% | |
| 84 | ZIPZIPRECRUITER INC | 49,510 | $193K | 0.01% | |
| 85 | DXLGDESTINATION XL GROUP INC | 197,937 | $182K | 0.01% | |
| 86 | DDD3-D SYS CORP DEL | 90,531 | $160K | 0.01% | |
| 87 | PRPLPURPLE INNOVATION INC | 138,605 | $95K | 0.00% | |
| 88 | GOGOGOGO INC | 12,272 | $57K | 0.00% |