Generalist · Miami, FL
Divisadero Street Capital Management
Q2 2025 · compared with Q1 2025
Filed as Divisadero Street Capital Management, LP
- Software
- $357M
- Weight of 13F
- 23.9%
- Names
- 13
- Net bought
- +$61.9M
Filed 14 August 2025 · SEC filing.
Call exposure on these names is $34.2M across 1 line. Calls are not in the stock total.
131 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.DAVE534,590 shares · 40.2% of their software · price +$99.3M$143M−$38.1M
- Remitly Global, Inc.RELY5,097,806 shares · 26.8% of their software · price −$10.3M$95.7M+$94.9M
- FlywireFLYW4,784,654 shares · 15.7% of their software · price +$10.5M$56.0M+$29.1M
- Priority Technology Holdings, Inc.PRTH2,746,835 shares · 6.0% of their software · price +$2.7M$21.4M−$13.3M
- Blend Labs, Inc.BLND5,505,522 shares · 5.1% of their software$18.2M−$2.6M
- Five9FIVN314,181 shares · 2.3% of their software$8.3M−$787K
- Pagaya Technologies Ltd.PGY231,919 shares · 1.4% of their software · price +$2.5M$4.9MNew · +$2.4M
- Calix, Inc.CALX53,022 shares · 0.8% of their software · price +$941K$2.8MFlat
- Clearwater AnalyticsCWAN125,000 shares · 0.8% of their software$2.7MNew
- Sportradar Group AGSRAD82,279 shares · 0.6% of their software · price +$532K$2.3MFlat
- YextYEXT69,130 shares · 0.2% of their software$588KFlat
- Zeta GlobalZETA37,438 shares · 0.2% of their software$580K−$9.7M
- CourseraCOUR32,641 shares · 0.1% of their software$286KFlat