Generalist · Miami, FL
Divisadero Street Capital Management
Q1 2025 · compared with Q4 2024
Filed as Divisadero Street Capital Management, LP
- Software
- $187M
- Weight of 13F
- 21.6%
- Names
- 11
- Net bought
- +$157M
Filed 15 May 2025 · SEC filing.
Call exposure on these names is $1.5M across 1 line. Calls are not in the stock total.
89 positions in the whole 13F.
Quarters on file
Each quarter on file, back to June 2016 when the filing exists. Net bought is the share change from the previous quarter at that quarter’s close. A split that leaves the dollar value in place counts as flat.
- Q2 202617 names$601M+$175M
- Q1 20269 names$229M+$111M
- Q4 20255 names · $161M in calls, not in the total$164M−$180M
- Q3 202513 names$340M+$31.4M
- Q2 202513 names · $34.2M in calls, not in the total$357M+$61.9M
- Q1 202511 names · $1.5M in calls, not in the total$187M+$157M
- Q4 202410 names · $13.0M in calls, not in the total$90.2M+$3.6M
- Q3 20244 names$47.6M+$10.1M
- Q2 20245 names$33.1M+$26.8M
- Q1 20245 names$14.8M+$3.7M
- Q4 20235 names$8.0M−$18.3M
- Q3 20234 names$27.8M+$7.6M
- Q2 20233 names$14.2M−$31.9M
- Q1 20235 names$43.9M+$27.7M
- Q4 20224 names$14.5M+$8.0M
- Q3 20224 names$7.6M+$5.0M
- Q2 20221 name$1.4M−$12.3M
- Q1 20223 names$14.4M+$13.9M
- Q4 20216 names$8.3M—
What moved the book
The five software lines with the largest share change this quarter.
Software held
- Dave Inc.DAVE995,141 shares · 44.1% of their software · price −$4.2M$82.3M+$37.0M
- Priority Technology Holdings, Inc.PRTH4,702,115 shares · 17.2% of their software · price −$23.2M$32.0M+$50.7M
- Blend Labs, Inc.BLND6,274,304 shares · 11.3% of their software · price −$5.4M$21.0MNew · +$26.4M
- FlywireFLYW1,721,136 shares · 8.8% of their software · price −$19.1M$16.4MNew · +$35.5M
- Remitly Global, Inc.RELY537,295 shares · 6.0% of their software · price −$951K$11.2M−$7.6M
- Zeta GlobalZETA755,000 shares · 5.5% of their software · price −$3.3M$10.2MNew · +$13.6M
- Five9FIVN343,154 shares · 5.0% of their software · price −$4.6M$9.3M+$9.9M
- Calix, Inc.CALX53,022 shares · 1.0% of their software$1.9M−$3.5M
- Sportradar Group AGSRAD82,279 shares · 1.0% of their software$1.8M−$3.8M
- YextYEXT69,130 shares · 0.2% of their software$426KFlat
- CourseraCOUR32,641 shares · 0.1% of their software$217KFlat