Equal-WT
WhaleScore 2.0
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Divisar Capital Management is based out of San Francisco. Divisar Capital Management is a hedge fund with 2 clients and discretionary assets under management (AUM) of $1,145,273,397 (Form ADV from 2024-03-26). Their last reported 13F filing for Q2 2024 included $527,781,669 in managed 13F securities
and a top 10 holdings concentration of 60.33%. Divisar Capital Management's largest holding is Lumentum Holdings Inc with shares held of 961,574. Whalewisdom has at least 31 13F filings, 3 13D filings, and 68 13G filings
Business Description
Divisar Capital Management, LLC, also known as Divisar, has been registered as an investment advisor since February 2009. The firm is owned and operated by Steven R. Baughman. Divisar provides investment advisory services to two investment limited partnerships, Divisar Partners, LP and Divisar Partners QP, LP, collectively referred to as the "Funds."
The Funds aim to achieve capital appreciation through investments and trading in securities while simultaneously seeking to preserve capital. Current income generation is not a primary objective for the Funds.
Investment Strategy
Divisar's investment strategy primarily focuses on valuation. They aim to identify securities that are significantly undervalued or overvalued compared to their perceived fair value. This valuation-driven approach is the core of their investment decisions. However, they recognize that undervaluation or overvaluation alone is not sufficient for investment. They seek catalysts that will drive investor action and trigger price movements.
Divisar employs a variety of methods to select securities for their long and short portfolios. These methods include proprietary stock screens that utilize quantitative criteria to predict future stock price appreciation or depreciation. They also gather ideas from industry and financial conferences, buy-side and sell-side contacts, and close observation of financial markets. Additionally, they utilize hedging strategies to limit or reduce investment risk, although these strategies can involve transaction costs and potentially limit profit potential.
Owners
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Known Email Addresses
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Other Contact Information
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2024-06-30
Top Buys (13F)
| Name | % Change |
|---|---|
| CALX Calix Inc | 3.01% |
| LITE Lumentum Holdings In | 1.01% |
| ADTN ADTRAN Holdings Inc | 0.92% |
| ZUO Zuora Inc | 0.87% |
| BIGC BigCommerce Holdings | 0.81% |
2024-06-30
Top Sells (13F)
| Name | % Change |
|---|---|
| NRDY Nerdy Inc | 1.54% |
| NVRI Enviri Corp | 0.91% |
| NSSC NAPCO Security Techn | 0.77% |
| KLIC Kulicke & Soffa Indu | 0.53% |
| REKR Rekor Systems Inc | 0.28% |
2024-06-30
13F Holdings Summary
| Name | $ Change |
|---|---|
| LITE Lumentum Holdings In | 9.28% |
| UCTT Ultra Clean Holdings | 9.02% |
| KLIC Kulicke & Soffa Indu | 7.57% |
| VMEO Vimeo Inc | 5.93% |
| ADTN ADTRAN Holdings Inc | 5.72% |
2024-06-30
13F Activity
| Market Value | $0.53b, Prior: $0.52b |
| Inflows (Outflows) as % of Total MV | +3.4443% |
| New Purchases | 3 stocks |
| Added To | 13 stocks |
| Sold out of | 3 stocks |
| Reduced holdings in | 9 stocks |
| Top 10 Holdings % | 60.33% |
| Turnover %[1] | 16.22% |
| Turnover Alt %[2] | 4.72% |
| Time Held Top 20 | 9.15 quarters |
| Time Held Top 10 | 7.9 quarters |
| Time Held All | 13.38 quarters |
[1]: Turnover is calculated by taking the # of new holdings (initial purchases) + the # of positions sold out of (not just reduced) divided by the total # of holdings for the quarter.
[2]: Alt Turnover is calculated by taking either the total MV of new purchases or the MV of securities sold, whichever is less, divided by the total MV of the fund.
2024-06-30
13F Sector Allocation Over Time
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2024-06-30
Analysis
Top 20 equal-weighted holdings. Performance numbers calculated through 2024-06-30