Divisar Capital Management LLC Long-Term Concentrated

Location: San Francisco, CA

CIK: 0001645721 · Show all filings

Period: Q1 2026 (← Previous)

Filing Date: May 15, 2026

Total Value: $392M (100.0% shares, 0.0% debt)

Holdings (26)

New Positions (2)

DIN DINE BRANDS GLOBAL INC 1.6%

Value $6.357M Shares 242,267 Est. Cost $34.76 Unrealized 0.0%

OXM OXFORD INDS INC 0.2%

Value $812K Shares 21,096 Est. Cost $38.59 Unrealized 0.0%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
DIN	DINE BRANDS GLOBAL INC	242,267	$6.357M	1.6%	$34.76	0.0%	COM	254423106
OXM	OXFORD INDS INC	21,096	$812K	0.2%	$38.59	0.0%	COM	691497309

Increased Positions (12)

BOX BOX INC 3.8%

Value $15.08M (+168.2%) Shares 638,049 (+239.3%) Est. Cost $26.00 Unrealized -1.5%

VERX VERTEX INC 3.6%

Value $14.22M (+184.8%) Shares 1,195,712 (+378.3%) Est. Cost $17.86 Unrealized -5.6%

OEC ORION S.A. 5.9%

Value $23.19M (+60.1%) Shares 3,567,263 (+30.1%) Est. Cost $12.65 Unrealized -50.3%

RXO RXO INC 3.9%

Value $15.39M (+119.3%) Shares 1,052,525 (+89.6%) Est. Cost $18.26 Unrealized -17.4%

MKSI MKS INC. 5.0%

Value $19.65M (+58.7%) Shares 85,501 (+10.3%) Est. Cost $109.54 Unrealized +105.5%

CMRC COMMERCE COM INC 2.7%

Value $10.48M (-32.6%) Shares 3,926,896 (+4.0%) Est. Cost $5.86 Unrealized -43.4%

WEAV WEAVE COMMUNICATIONS INC 2.2%

Value $8.501M (+92.9%) Shares 1,840,100 (+217.0%) Est. Cost $6.46 Unrealized -1.3%

BC BRUNSWICK CORP 6.5%

Value $25.45M (+11.0%) Shares 349,770 (+13.3%) Est. Cost $71.45 Unrealized +19.4%

ANF ABERCROMBIE & FITCH CO 1.5%

Value $5.876M (-16.4%) Shares 64,308 (+15.2%) Est. Cost $91.54 Unrealized +11.8%

CALX CALIX INC 4.2%

Value $16.66M (+5.0%) Shares 340,163 (+13.4%) Est. Cost $39.50 Unrealized +34.9%

PII POLARIS INC 6.6%

Value $26.04M (+1.8%) Shares 477,877 (+18.1%) Est. Cost $52.86 Unrealized +27.7%

ZUMZ ZUMIEZ INC 1.6%

Value $6.407M (-5.1%) Shares 289,102 (+11.6%) Est. Cost $20.65 Unrealized +22.7%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
BOX	BOX INC	638,049 (+239.3%)	$15.08M (+168.2%)	3.8%	$26.00	-1.5%	CL A	10316T104
VERX	VERTEX INC	1,195,712 (+378.3%)	$14.22M (+184.8%)	3.6%	$17.86	-5.6%	CL A	92538J106
OEC	ORION S.A.	3,567,263 (+30.1%)	$23.19M (+60.1%)	5.9%	$12.65	-50.3%	COM	L72967109
RXO	RXO INC	1,052,525 (+89.6%)	$15.39M (+119.3%)	3.9%	$18.26	-17.4%	COMMON STOCK	74982T103
MKSI	MKS INC.	85,501 (+10.3%)	$19.65M (+58.7%)	5.0%	$109.54	+105.5%	COM	55306N104
CMRC	COMMERCE COM INC	3,926,896 (+4.0%)	$10.48M (-32.6%)	2.7%	$5.86	-43.4%	COM SER 1	08975P108
WEAV	WEAVE COMMUNICATIONS INC	1,840,100 (+217.0%)	$8.501M (+92.9%)	2.2%	$6.46	-1.3%	COM	94724R108
BC	BRUNSWICK CORP	349,770 (+13.3%)	$25.45M (+11.0%)	6.5%	$71.45	+19.4%	COM	117043109
ANF	ABERCROMBIE & FITCH CO	64,308 (+15.2%)	$5.876M (-16.4%)	1.5%	$91.54	+11.8%	CL A	002896207
CALX	CALIX INC	340,163 (+13.4%)	$16.66M (+5.0%)	4.2%	$39.50	+34.9%	COM	13100M509
PII	POLARIS INC	477,877 (+18.1%)	$26.04M (+1.8%)	6.6%	$52.86	+27.7%	COM	731068102
ZUMZ	ZUMIEZ INC	289,102 (+11.6%)	$6.407M (-5.1%)	1.6%	$20.65	+22.7%	COM	989817101

Exited Positions (2)

COHU COHU INC 1.3%

Value $5.053M Shares 217,160 Est. Cost $31.62 Unrealized -7.4%

SFIX STITCH FIX INC 0.6%

Value $2.402M Shares 457,585 Est. Cost $3.89 Unrealized +17.4%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
COHU	COHU INC	217,160	$5.053M	1.3%	$31.62	-7.4%	—	192576106
SFIX	STITCH FIX INC	457,585	$2.402M	0.6%	$3.89	+17.4%	—	860897107

Decreased Positions (10)

LITE LUMENTUM HLDGS INC 6.3%

Value $24.75M (-22.8%) Shares 35,223 (-59.5%) Est. Cost $59.57 Unrealized +684.2%

ONTO ONTO INNOVATION INC 10.1%

Value $39.63M (+18.2%) Shares 193,253 (-9.0%) Est. Cost $115.25 Unrealized +79.4%

LASR NLIGHT INC 1.3%

Value $5.036M (-53.5%) Shares 88,314 (-69.4%) Est. Cost $11.48 Unrealized +315.5%

ADTN ADTRAN HOLDINGS INC 5.7%

Value $22.26M (-14.2%) Shares 1,769,439 (-40.7%) Est. Cost $7.26 Unrealized +31.8%

TTMI TTM TECHNOLOGIES INC 3.1%

Value $12.34M (+30.2%) Shares 126,639 (-7.8%) Est. Cost $56.24 Unrealized +66.1%

UCTT ULTRA CLEAN HLDGS INC 6.7%

Value $26.12M (+8.6%) Shares 420,049 (-55.8%) Est. Cost $32.20 Unrealized +45.6%

PDFS PDF SOLUTIONS INC 5.2%

Value $20.39M (-5.9%) Shares 623,364 (-18.0%) Est. Cost $26.47 Unrealized +22.5%

KLIC KULICKE & SOFFA INDS INC 5.3%

Value $20.83M (-5.0%) Shares 316,887 (-34.1%) Est. Cost $37.15 Unrealized +67.6%

VIAV VIAVI SOLUTIONS INC 1.1%

Value $4.371M (+28.6%) Shares 131,353 (-31.2%) Est. Cost $13.45 Unrealized +70.8%

MCFT MASTERCRAFT BOAT HLDGS INC 3.6%

Value $14.2M (+3.3%) Shares 692,276 (-4.8%) Est. Cost $20.75 Unrealized +7.7%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
LITE	LUMENTUM HLDGS INC	35,223 (-59.5%)	$24.75M (-22.8%)	6.3%	$59.57	+684.2%	COM	55024U109
ONTO	ONTO INNOVATION INC	193,253 (-9.0%)	$39.63M (+18.2%)	10.1%	$115.25	+79.4%	COM	683344105
LASR	NLIGHT INC	88,314 (-69.4%)	$5.036M (-53.5%)	1.3%	$11.48	+315.5%	COM	65487K100
ADTN	ADTRAN HOLDINGS INC	1,769,439 (-40.7%)	$22.26M (-14.2%)	5.7%	$7.26	+31.8%	COM	00486H105
TTMI	TTM TECHNOLOGIES INC	126,639 (-7.8%)	$12.34M (+30.2%)	3.1%	$56.24	+66.1%	COM	87305R109
UCTT	ULTRA CLEAN HLDGS INC	420,049 (-55.8%)	$26.12M (+8.6%)	6.7%	$32.20	+45.6%	COM	90385V107
PDFS	PDF SOLUTIONS INC	623,364 (-18.0%)	$20.39M (-5.9%)	5.2%	$26.47	+22.5%	COM	693282105
KLIC	KULICKE & SOFFA INDS INC	316,887 (-34.1%)	$20.83M (-5.0%)	5.3%	$37.15	+67.6%	COM	501242101
VIAV	VIAVI SOLUTIONS INC	131,353 (-31.2%)	$4.371M (+28.6%)	1.1%	$13.45	+70.8%	COM	925550105
MCFT	MASTERCRAFT BOAT HLDGS INC	692,276 (-4.8%)	$14.2M (+3.3%)	3.6%	$20.75	+7.7%	COM	57637H103

Unchanged Positions (2)

THRM GENTHERM INC 1.1%

Value $4.416M Shares 158,972 Est. Cost $36.01 Unrealized -3.2%

FN FABRINET 1.0%

Value $3.948M Shares 7,570 Est. Cost $56.90 Unrealized +765.7%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
THRM	GENTHERM INC	158,972	$4.416M	1.1%	$36.01	-3.2%	COM	37253A103
FN	FABRINET	7,570	$3.948M	1.0%	$56.90	+765.7%	SHS	G3323L100