9AT: DIVISAR CAPITAL MANAGEMENT, LLC

other names

DIVISAR CAPITAL MANAGEMENT, LLC
DIVISAR CAPITAL MANAGEMENT LLC

Adviser Profile

As of Date	03/26/2025
ADV Location	SAN FRANCISCO, CA, United States
Adviser Type - Large advisory firm
Number of Employees	3
of those in investment advisory functions	3
Registration	SEC, Approved, 04/04/2016
Other registrations (1)	California, Terminated, 04/29/2016

AUM^*	987,990,806 -14%
of that, discretionary	987,990,806 5%
Private Fund GAV^*	987,990,806
Avg Account Size	493,995,403 5%
SMA’s	No
Private Funds	2
Contact Info	(41 xxxxxxx

Client Types

- Pooled investment vehicles

Advisory Activities

- Portfolio management for pooled investment vehicles

Compensation Arrangments

- A percentage of assets under your management
- Performance-based fees

Fund Type	Count	GAV
Fund TypeHedge Fund	Count2	GAV$987,990,806

Adviser	Hedge Fund	Liquidity Fund	Private Equity Fund	Real Estate Fund	Securitized Asset Fund	Venture Capital Fund	Other Fund	Total Private Fund GAV	AUM	#Funds
Adviser SIMCOE CAPITAL MANAGEMENT, LLC	Hedge Fund868.7m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV868.7m	AUM868.7m	#Funds4
Adviser KCL CAPITAL, L.P.	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM948.6m	#Funds-
Adviser SANTA LUCIA ASSET MANAGEMENT PTE. LTD.	Hedge Fund123.2m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV123.2m	AUM1.2b	#Funds1
Adviser RUSH ISLAND MANAGEMENT, LP	Hedge Fund1.6b	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV1.6b	AUM2.0b	#Funds4
Adviser AIGEN INVESTMENT MANAGEMENT, LP	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund4.9m	Total Private Fund GAV4.9m	AUM158.5m	#Funds1
Adviser RUDIUS MANAGEMENT, L.P.	Hedge Fund955.8m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV955.8m	AUM955.8m	#Funds6
Adviser PARADIGM BIOCAPITAL ADVISORS LP	Hedge Fund2.6b	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV2.6b	AUM3.1b	#Funds3
Adviser PHILOSOPHY CAPITAL MANAGEMENT LLC	Hedge Fund1.5b	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV1.5b	AUM1.7b	#Funds4
Adviser BORNITE CAPITAL MANAGEMENT LP	Hedge Fund1.1b	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV1.1b	AUM1.1b	#Funds5
Adviser MERK INVESTMENTS LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM3.1b	#Funds-

Stock Ticker	Stock Name	$ Position	% Position	$ Change	# Change
Stck Ticker55024U109	Stock NameLUMENTUM HLDGS INC	$ Position$32,078,019	% Position9.00%	$ Change-3.00%	# Change-57.00%
Stck Ticker683344105	Stock NameONTO INNOVATION INC	$ Position$33,529,938	% Position9.00%	$ Change48.00%	# Change21.00%
Stck Ticker00486H105	Stock NameADTRAN HOLDINGS INC	$ Position$25,950,964	% Position7.00%	$ Change-14.00%	# Change-7.00%
Stck Ticker90385V107	Stock NameULTRA CLEAN HLDGS INC	$ Position$24,046,478	% Position7.00%	$ Change-16.00%	# Change-10.00%
Stck Ticker731068102	Stock NamePOLARIS INC	$ Position$25,587,977	% Position7.00%	$ Change-2.00%	# Change-10.00%
Stck Ticker117043109	Stock NameBRUNSWICK CORP	$ Position$22,923,085	% Position6.00%	$ Change14.00%	# Change-3.00%
Stck Ticker501242101	Stock NameKULICKE & SOFFA INDS INC	$ Position$21,915,317	% Position6.00%	$ Change-15.00%	# Change-24.00%
Stck Ticker693282105	Stock NamePDF SOLUTIONS INC	$ Position$21,677,522	% Position6.00%	$ Change23.00%	# Change11.00%
Stck TickerL72967109	Stock NameORION S.A.	$ Position$14,479,640	% Position4.00%	$ Change-22.00%	# Change12.00%
Stck Ticker57637H103	Stock NameMASTERCRAFT BOAT HLDGS INC	$ Position$13,745,225	% Position4.00%	$ Change-26.00%	# Change-16.00%

Brochure Summary

Overview

Who We Are Divisar Capital Management, LLC (referred to as “we,” “our,” “us,”, the “Firm”, or “Divisar”) has been registered as an investment adviser since February 2009. Our principal officer and sole owner is Steven R. Baughman. Services We Offer We provide investment advisory services to Divisar Partners, LP, an investment limited partnership and Divisar Partners QP, LP, an investment limited partnership (herein referred to as the “Funds”). The Funds’ goals are capital appreciation through investing and trading in securities, while attempting simultaneously to preserve capital. Current income is not an objective. The Funds focus primarily on equity and equity-related securities that are publicly-traded. However, they are permitted to pursue a highly diverse range of investment and trading strategies. In particular, the Funds also sell short equity securities both as an independent profit opportunity and as an attempt to hedge a portion, or the entirety,

of the securities held long. The Funds may also use leverage. The Funds may buy or sell (write) options, both publicly-traded and over-the-counter, covered and uncovered, on securities and securities indices. The Funds may also engage in futures and other derivatives transactions, typically for hedging of existing long and short positions, but also, at Divisar’s discretion, as independent profit opportunities. The Funds may also invest in fixed income securities. Our investments are tailored to comply with the investment guidelines disclosed in the offering materials for the Funds. Each potential investor in each Fund receives a complete set of offering materials prior to investing in that Fund. We do not provide portfolio management services to a wrap fee program. Assets Under Management As of December 31, 2023, we have $1.145 billion in discretionary regulatory assets under management. We do not manage assets on a non-discretionary basis.

DIVISAR CAPITAL MANAGEMENT, LLC

Adviser Profile

Client Types

Advisory Activities

Compensation Arrangments

Reported AUM

Private Funds

Employees

Private Funds Structure

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Brochure Summary

Overview