Divisar Capital Management LLC: ORION S.A. (OEC): Quarterly 13F Position History
As of Q1 2026, Divisar Capital Management LLC reported 3,567,263 shares of ORION S.A. (OEC), worth $23.2M and representing 5.9% of its 13F equity book. Quarter-over-quarter share count change: + 824,907 (+30.1%) . The position first appeared in Q1 2021 and has been disclosed across 21 13F-HR filings in Pactolio's tracked window.
- 3,567,263Shares Held (Latest Filing)
- $23.2MReported Market Value (Latest Filing)
- 5.9%Portfolio Weight (% of 13F Equity Book)
- +824,907Quarter-over-Quarter Share Change
- +$8.7MQuarter-over-Quarter Value Change
- 3,567,263Peak Reported Shares (Historical)
Quarterly 13F-HR Disclosure History Source: SEC 13F-HR filings, 21 quarter s
| Quarter | Shares | QoQ Share Change | Share Change (%) | Market Value | Weight | Implied Price |
|---|---|---|---|---|---|---|
| Q1 2026 | 3,567,263 | +824,907 | +30.1% | $23.2M | 5.9% | $6.5 |
| Q4 2025 | 2,742,356 | +291,942 | +11.9% | $14.5M | 4.1% | $5.3 |
| Q3 2025 | 2,450,414 | +241,160 | +10.9% | $18.6M | 5.1% | $7.6 |
| Q2 2025 | 2,209,254 | +650,977 | +41.8% | $23.2M | 5.4% | $10.5 |
| Q1 2025 | 1,558,277 | +334,953 | +27.4% | $20.1M | 5.2% | $12.9 |
| Q4 2024 | 1,223,324 | +80,000 | +7.0% | $19.3M | 4.2% | $15.8 |
| Q3 2024 | 1,143,324 | +338,242 | +42.0% | $20.4M | 3.8% | $17.8 |
| Q2 2024 | 805,082 | +55,000 | +7.3% | $17.7M | 3.3% | $21.9 |
| Q1 2024 | 750,082 | +87,706 | +13.2% | $17.6M | 3.4% | $23.5 |
| Q4 2023 | 662,376 | +40,000 | +6.4% | $18.4M | 3.4% | $27.7 |
| Q3 2023 | 622,376 | +29,350 | +4.9% | $13.2M | 2.9% | $21.3 |
| Q2 2023 | 593,026 | +35,000 | +6.3% | $12.6M | 2.7% | $21.2 |
| Q1 2023 | 558,026 | 40,000 | -6.7% | $14.6M | 3.4% | $26.1 |
| Q4 2022 | 598,026 | +51,331 | +9.4% | $10.7M | 2.6% | $17.8 |
| Q3 2022 | 546,695 | +79,294 | +17.0% | $7.3M | 2.1% | $13.3 |
| Q2 2022 | 467,401 | 0 | — | $7.3M | 2.4% | $15.5 |
| Q1 2022 | 467,401 | +115,000 | +32.6% | $7.5M | 2.3% | $16.0 |
| Q4 2021 | 352,401 | 0 | — | $6.5M | 2.1% | $18.4 |
| Q3 2021 | 352,401 | +50,000 | +16.5% | $6.4M | 2.2% | $18.2 |
| Q2 2021 | 302,401 | +258,601 | +590.4% | $5.7M | 1.9% | $19.0 |
| Q1 2021 | 43,800 | — | — | $864.0K | 0.3% | $19.7 |
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 OEC position in 13F-HR filings?
Divisar Capital Management LLC first reported ORION S.A. (OEC) on its 13F-HR filing for the period ending 2021-03-31 (Q1 2021). The position has appeared on 21 reported quarters within Pactolio's tracked window.
What was Divisar Capital Management LLC's most recent quarter-over-quarter share-count change in OEC?
Between Q4 2025 and Q1 2026, Divisar Capital Management LLC added 824,907 shares of OEC (+30.1%), bringing the total reported position to 3,567,263 shares at a market value of $23.2M.
Does the implied price-per-share represent Divisar Capital Management LLC's cost basis in OEC?
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.