Divisar Capital Management LLC: ADTRAN HOLDINGS INC (ADTN): Quarterly 13F Position History
As of Q1 2026, Divisar Capital Management LLC reported 1,769,439 shares of ADTRAN HOLDINGS INC (ADTN), worth $22.3M and representing 5.7% of its 13F equity book. Quarter-over-quarter share count change: 1,216,863 (-40.7%) . The position first appeared in Q2 2023 and has been disclosed across 12 13F-HR filings in Pactolio's tracked window.
- 1,769,439Shares Held (Latest Filing)
- $22.3MReported Market Value (Latest Filing)
- 5.7%Portfolio Weight (% of 13F Equity Book)
- 1,216,863Quarter-over-Quarter Share Change
- -$3.7MQuarter-over-Quarter Value Change
- 6,083,241Peak Reported Shares (Historical)
Quarterly 13F-HR Disclosure History Source: SEC 13F-HR filings, 12 quarter s
| Quarter | Shares | QoQ Share Change | Share Change (%) | Market Value | Weight | Implied Price |
|---|---|---|---|---|---|---|
| Q1 2026 | 1,769,439 | 1,216,863 | -40.7% | $22.3M | 5.7% | $12.6 |
| Q4 2025 | 2,986,302 | 226,788 | -7.1% | $26.0M | 7.3% | $8.7 |
| Q3 2025 | 3,213,090 | 1,016,272 | -24.0% | $30.1M | 8.2% | $9.4 |
| Q2 2025 | 4,229,362 | +800,499 | +23.3% | $37.9M | 8.8% | $9.0 |
| Q1 2025 | 3,428,863 | 1,377,520 | -28.7% | $29.9M | 7.8% | $8.7 |
| Q4 2024 | 4,806,383 | 1,276,858 | -21.0% | $40.0M | 8.7% | $8.3 |
| Q3 2024 | 6,083,241 | +342,780 | +6.0% | $36.1M | 6.7% | $5.9 |
| Q2 2024 | 5,740,461 | +1,146,774 | +25.0% | $30.2M | 5.7% | $5.3 |
| Q1 2024 | 4,593,687 | +1,537,259 | +50.3% | $25.0M | 4.8% | $5.4 |
| Q4 2023 | 3,056,428 | +1,097,868 | +56.1% | $22.4M | 4.1% | $7.3 |
| Q3 2023 | 1,958,560 | +785,524 | +67.0% | $16.1M | 3.5% | $8.2 |
| Q2 2023 | 1,173,036 | — | — | $12.4M | 2.6% | $10.5 |
Methodology & FAQ
How This Position History Is Sourced
Each row is one SEC Form 13F-HR filing disclosing this position. Share count, market value, and reported quarter are taken verbatim from the filing; portfolio weight is recomputed against the same filing's total reported equity book. Implied price-per-share is market value divided by shares — a quarter-end mark, not the manager's cost basis. See the full methodology document for the normalization rules.
When did Divisar Capital Management LLC first disclose a ADTN position in 13F-HR filings?
Divisar Capital Management LLC first reported ADTRAN HOLDINGS INC (ADTN) on its 13F-HR filing for the period ending 2023-06-30 (Q2 2023). The position has appeared on 12 reported quarters within Pactolio's tracked window.
What was Divisar Capital Management LLC's most recent quarter-over-quarter share-count change in ADTN?
Between Q4 2025 and Q1 2026, Divisar Capital Management LLC reduced its ADTN position by 1,216,863 shares (-40.7%), leaving 1,769,439 shares at a market value of $22.3M.
Does the implied price-per-share represent Divisar Capital Management LLC's cost basis in ADTN?
No. The implied price-per-share column is the 13F-HR reported market value divided by reported share count on the filing date (end of quarter). It is a quarter-end mark, not a cost basis or transaction price. Use it as a sanity check on the value column, not as an indicator of the manager's entry or exit price.