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.