Generalist · Miami, FL
Divisadero Street Capital Management
Q4 2025 · compared with Q3 2025
Filed as Divisadero Street Capital Management, LP
- Software
- $164M
- Weight of 13F
- 9.4%
- Names
- 5
- Net bought
- −$180M
Filed 17 February 2026 · SEC filing.
Call exposure on these names is $161M across 1 line. Calls are not in the stock total.
87 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
- FlywireFLYW5,786,462 shares · 50.0% of their software · price +$3.6M$81.9M+$22.1M
- Dave Inc.DAVE261,608 shares · 35.4% of their software · price +$5.8M$57.9M−$132M
- Blend Labs, Inc.BLND5,701,122 shares · 10.6% of their software · price −$3.5M$17.3M+$5.8M
- Priority Technology Holdings, Inc.PRTH1,057,894 shares · 3.5% of their software · price −$1.5M$5.8M−$3.0M
- Remitly Global, Inc.RELY61,463 shares · 0.5% of their software$848KFlat