SEC 13F Intelligence

Managers / Q4 2025 · view latest →

WESTERLY CAPITAL MANAGEMENT, LLC

CIK 0001546172 · 201 MISSION STREET, SUITE 580, SAN FRANCISCO, CA, 94105 · 415-547-9000

Reported Value
$455M
Q4 2025
Positions
41
Filings on Record
18
2019–present window
Filed
Feb 17, 2026
original filing

Summary

Westerly Capital Management, LLC reported $455M in U.S.-listed holdings across 41 positions for Q4 2025.

Its largest position, 7WH, represents 5.1% of the portfolio.

Compared with Q3 2025, the fund opened 7 new positions and exited 9.

Portfolio Metrics

Turnover
+19.5%
vs prior filed quarter
Top-10 Concentration
+36.5%
share of reported value
Largest Position
+5.1%
Udemy
New / Exited
7 / 9
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’21: $152MQ4 ’21Q1 ’22: $135MQ2 ’22: $123MQ3 ’22: $112MQ3 ’22Q4 ’22: $127MQ1 ’23: $140MQ2 ’23: $190MQ2 ’23Q3 ’23: $142MQ4 ’23: $202MQ1 ’24: $264MQ1 ’24Q2 ’24: $201MQ3 ’24: $178MQ4 ’24: $217MQ4 ’24Q1 ’25: $231MQ2 ’25: $270MQ3 ’25: $319MQ3 ’25Q4 ’25: $455MQ1 ’26: $368Mfilingsflow.com

Portfolio Composition

By security type
Common Stock: 62.0%Other: 34.7%ADR: 3.4%
  • Common Stock · 62.0% · $282M
  • Other · 34.7% · $158M
  • ADR · 3.4% · $15M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
NKENIKE INCNEW+200.0K200.0K+$13M$13M
NOKNOKIA CORPNEW+1.35M1.35M+$9M$9M
ENPHENPHASE ENERGY INCNEW+175.0K175.0K+$6M$6M
BLBLACKLINE INCNEW+90.0K90.0K+$5M$5M
UNFUNIFIRST CORP MASSNEW+25.0K25.0K+$5M$5M
ASANASANA INCNEW+250.0K250.0K+$3M$3M
SPSCSPS COMM INCNEW+30.0K30.0K+$3M$3M
PDPAGERDUTY INCADDED+417.0K437.0K+$5M$6M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q4 2025

40 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
17WHUDEMY INChistory →COM5.14%$23M4.00M
2VIAVVIAVI SOLUTIONS INChistory →COM4.50%$20M1.15M
3AIPARTERIS INChistory →COM4.41%$20M1.29M
4HDSNHUDSON TECHNOLOGIES INChistory →COM3.84%$17M2.55M
5MRVLMARVELL TECHNOLOGY INChistory →COM3.73%$17M200.0K
6ELASTIC N VORD SHS3.64%$17M220.0K
7BEBLOOM ENERGY CORPhistory →COM CL A2.86%$13M150.0K
8FRSHFRESHWORKS INChistory →CLASS A COM2.82%$13M1.05M
9NKENIKE INChistory →CL B2.80%$13M200.0K
10HIPOHIPPO HLDGS INChistory →COM NEW2.77%$13M420.0K
11MTRXMATRIX SVC COhistory →COM2.54%$12M988.0K
12COGNYTE SOFTWARE LTDORD SHS2.38%$11M1.16M
13TACTRANSALTA CORPhistory →COM2.23%$10M805.0K
14NXDRNEXTDOOR HOLDINGS INChistory →COM CL A2.08%$9M4.50M
15NOKNOKIA CORPhistory →SPONSORED ADR1.92%$9M1.35M
16FLRFLUOR CORP NEWhistory →COM1.74%$8M200.0K
17COURCOURSERA INChistory →COM1.62%$7M1.00M
18TDCTERADATA CORP DELhistory →COM1.50%$7M225.0K
19BIDUNBAIDU INChistory →SPON ADR REP A1.43%$7M50.0K
20ANGIANGI INChistory →CL A NEW1.42%$6M500.0K
21LUMNLUMEN TECHNOLOGIES INChistory →COM1.37%$6M800.0K
22ADTNADTRAN HOLDINGS INChistory →COM1.34%$6M700.0K
23AMBARELLA INCSHS1.32%$6M85.0K
24AMPLAMPLITUDE INChistory →COM CL A1.27%$6M500.0K
25PDPAGERDUTY INChistory →COM1.26%$6M437.0K
26ENPHENPHASE ENERGY INChistory →COM1.23%$6M175.0K
27GLWCORNING INChistory →COM1.15%$5M60.0K
28BLBLACKLINE INChistory →COM1.09%$5M90.0K
29SNAPSNAP INChistory →CL A1.06%$5M600.0K
30UNFUNIFIRST CORP MASShistory →COM1.06%$5M25.0K
31FSLRFIRST SOLAR INCCOM0.92%$4M16.0K
32CGNXCOGNEX CORPCOM0.79%$4M100.0K
33ASANASANA INCCL A0.75%$3M250.0K
34NWPXNWPX INFRASTRUCTURE INCCOM0.69%$3M50.0K
35SCORCOMSCORE INCCOM NEW0.67%$3M470.0K
36SPSCSPS COMM INCCOM0.59%$3M30.0K
37HHSHARTE HANKS INCCOM0.41%$2M627.0K
38ORNORION GROUP HLDGS INCCOM0.33%$1M150.0K
39GENIUS SPORTS LIMITEDSHARES CL A0.24%$1M100.0K
40CSG SYS INTL INCCOM0.08%$383,4505.0K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$368M37May 15, 202613F-HRchanges · EDGAR ↗
Q4 2025$455M41Feb 17, 202613F-HRchanges · EDGAR ↗
Q3 2025$319M44Nov 14, 202513F-HRchanges · EDGAR ↗
Q2 2025$270M42Aug 14, 202513F-HRchanges · EDGAR ↗
Q1 2025$231M38May 15, 202513F-HRchanges · EDGAR ↗
Q4 2024$217M44Feb 14, 202513F-HRchanges · EDGAR ↗
Q3 2024$178M41Nov 14, 202413F-HRchanges · EDGAR ↗
Q2 2024$201M41Aug 14, 202413F-HRchanges · EDGAR ↗
Q1 2024$264M48May 15, 202413F-HRchanges · EDGAR ↗
Q4 2023$202M58Feb 14, 202413F-HRchanges · EDGAR ↗
Q3 2023$142M43Nov 14, 202313F-HRchanges · EDGAR ↗
Q2 2023$190M50Aug 14, 202313F-HRchanges · EDGAR ↗
Q1 2023$140M47May 15, 202313F-HRchanges · EDGAR ↗
Q4 2022$127M44Feb 14, 202313F-HRchanges · EDGAR ↗
Q3 2022$112M41Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$123M45Aug 15, 202213F-HRchanges · EDGAR ↗
Q1 2022$135M42May 16, 202213F-HRchanges · EDGAR ↗
Q4 2021$152M45Feb 14, 202213F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.