Potomac Capital Management, Inc.
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 14, 2026), Potomac Capital Management, Inc. reported 62 stock positions worth $136.7 million. Its top holding was Echostar Class A (ECHO) at 12.6% of the portfolio, followed by Anterix (ATEX, 11.7%) and Lesaka Technologies (LSAK, 5.5%). Compared with Q1 2026, it opened 11 new positions, sold out of 12, added to 18 and reduced 19. The biggest buy was Widepoint (WYY, shares +10%) and the biggest sale Echostar Class A (ECHO, shares −16%).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001418746
- Portfolio Value
- $136.7M (Q2 2026)
- SEC Filing
- 0001104659-26-097069 ↗ filed Aug 14, 2026
Holdings Value
Holdings 62 stocks · $136.7M
| ECHO Echostar Corp. Class A | 12.64% | 166,277 | $17.3M | Reduce -16.0% |
| ATEX Anterix Inc. | 11.68% | 155,071 | $16.0M | Reduce -10.8% |
| LSAK Lesaka Technologies Inc. | 5.51% | 1,515,000 | $7.5M | Add +36.2% |
| PESI Perma-Fix Environmental SVCS | 4.99% | 477,000 | $6.8M | Add +60.8% |
| DSP Viant Technology Inc. Class A | 4.98% | 538,000 | $6.8M | Add +1.0% |
| CNXX Conx Corp. Class A | 4.89% | 1,046,710 | $6.7M | Reduce -12.5% |
| WYY Widepoint Corp. | 3.83% | 299,162 | $5.2M | Add +9.7% |
| XPER Xperi Inc. | 3.76% | 624,300 | $5.1M | Add +0.8% |
| INSE Inspired Entertainment Inc. | 3.72% | 616,800 | $5.1M | Add +0.0% |
| DUOT Duos Technologies Group Inc. | 2.75% | 313,300 | $3.8M | Reduce -3.4% |
| CLAR Clarus Corp. | 2.61% | 1,131,000 | $3.6M | No change |
| AIOT Powerfleet Inc. | 2.56% | 912,000 | $3.5M | Add +0.1% |
| ALLT Allot Ltd. | 2.42% | 373,600 | $3.3M | Add +0.1% |
| GRPN Groupon Inc. | 2.17% | 123,200 | $3.0M | Reduce -20.9% |
| LION Lionsgate Studios Corp. | 1.89% | 169,000 | $2.6M | Reduce -22.1% |
| KVHI KVH Industries Inc. | 1.89% | 260,501 | $2.6M | Reduce -44.1% |
| FENC Fennec Pharmaceuticals Inc. | 1.76% | 224,400 | $2.4M | No change |
| GANX Gain Therapeutics Inc. | 1.41% | 946,400 | $1.9M | Reduce -6.2% |
| SHMD Schmid Group NV | 1.32% | 288,200 | $1.8M | New |
| GPGI Gpgi Inc. | 1.32% | 113,500 | $1.8M | No change |
| CODI Compass Diversified Holdings | 1.29% | 165,000 | $1.8M | Reduce -32.2% |
| TPCS Techprecision Corp. | 1.07% | 279,396 | $1.5M | Add +11.9% |
| CDZI Cadiz Inc. | 1.07% | 350,000 | $1.5M | Add +4.5% |
| ACVA Acv Auctions Inc. Class A | 1.04% | 197,200 | $1.4M | New |
| NN Nextnav Inc. | 1.03% | 78,950 | $1.4M | Add +110.5% |
| ARLO Arlo Technologies Inc. | 0.99% | 100,000 | $1.3M | No change |
| GSIT Gsi Technology Inc. | 0.95% | 168,110 | $1.3M | Reduce -51.8% |
| III Information Services Group | 0.88% | 291,800 | $1.2M | No change |
| BAC Bank of America Corp. | 0.83% | 20,000 | $1.1M | No change |
| CSGP Costar Group Inc. | 0.83% | 40,000 | $1.1M | Add +233.3% |
| SVC Service Properties Trust | 0.80% | 647,000 | $1.1M | New |
| BABA Alibaba Group Holding-SP ADR | 0.76% | 10,800 | $1.0M | No change |
| AVD American Vanguard Corp. | 0.73% | 358,780 | $1.0M | Reduce -42.3% |
| EOLS Evolus Inc. | 0.72% | 141,500 | $982K | No change |
| GILT Gilat Satellite Networks Ltd. | 0.71% | 72,842 | $970K | No change |
| BW Babcock & Wilcox Enterpr | 0.66% | 64,000 | $902K | No change |
| VXX Ipath Series B S&P 500 Vix filed as BARCLAYS BANK PLC | 0.65% | 40,300 | $890K | New |
| AVPT Avepoint Inc. | 0.62% | 75,500 | $846K | New |
| KOPN Kopin Corp. | 0.61% | 185,000 | $829K | New |
| PRCH Porch Group Inc. | 0.55% | 50,000 | $752K | Reduce -18.7% |
| FEAM 5E Advanced Materials Inc. | 0.51% | 506,300 | $704K | No change |
| ISPR Ispire Technology Inc. | 0.49% | 598,600 | $670K | New |
| PRTH Priority Technology Holdings | 0.45% | 92,206 | $615K | Reduce -15.3% |
| CDXS Codexis Inc. | 0.43% | 260,000 | $588K | Reduce -5.2% |
| PCYO Pure Cycle Corp. | 0.38% | 48,756 | $522K | No change |
| INTZ Intrusion Inc. | 0.35% | 518,429 | $481K | Add +11.4% |
| XELB Xcel Brands Inc. | 0.33% | 250,058 | $450K | Reduce -38.8% |
| OWLT Owlet Inc. | 0.33% | 77,420 | $444K | Add +9.8% |
| RMNI Rimini Street Inc. | 0.30% | 95,328 | $406K | Add +13.6% |
| FPH Five Point Holdings LLC Class A | 0.29% | 75,000 | $395K | Add +25.0% |
| BRLT Brilliant Earth Group Inc. Class A | 0.28% | 340,000 | $384K | Add +7.9% |
| SHOE Shoe Station Group Inc. | 0.20% | 18,800 | $279K | No change |
| PMTS Cpi Card Group Inc. | 0.18% | 12,000 | $249K | Reduce -0.8% |
| UIS Unisys Corp. | 0.13% | 50,000 | $183K | Reduce -47.7% |
| ADTN Adtran Holdings Inc. | 0.10% | 10,000 | $139K | Reduce -87.0% |
| FIGS Figs Inc. Class A | 0.09% | 12,500 | $128K | New |
| RELL Richardson Elec Ltd. | 0.07% | 5,000 | $95K | New |
| AVNW Aviat Networks Inc. | 0.06% | 3,600 | $80K | Add +80.0% |
| REEAF Ree Automotive Ltd. Class A | 0.06% | 397,585 | $78K | Reduce -2.6% |
| CNDT Conduent Inc. | 0.05% | 50,000 | $73K | New |
| MATW Matthews Intl Corp. Class A | 0.04% | 2,250 | $61K | No change |
| SPT Sprout Social Inc. Class A | 0.00% | 100 | $755 | New |
Options reported separately and not counted above: IWM puts ($4.1M), QQQ puts ($3.7M), ATEX puts ($1.0M), NN calls ($713K), UTI puts ($214K), DSP calls ($128K).
Portfolio Sells Q1 2026 → Q2 2026
| ECHO Echostar Corp. Class A | Reduce -16.0% | 12.64% | −7.62 |
| KVHI KVH Industries Inc. | Reduce -44.1% | 1.89% | −1.76 |
| HCKT The Hackett Group Inc. | Sold out | 0.00% | −1.33 |
| PXLW Pixelworks Inc. | Sold out | 0.00% | −0.94 |
| MX Magnachip Semiconductor Corp. | Sold out | 0.00% | −0.89 |
| CXDO Crexendo Inc. | Sold out | 0.00% | −0.75 |
| ADTN Adtran Holdings Inc. | Reduce -87.0% | 0.10% | −0.75 |
| QLD Proshares Ultra QQQ | Sold out | 0.00% | −0.65 |
| AVD American Vanguard Corp. | Reduce -42.3% | 0.73% | −0.62 |
| GSIT Gsi Technology Inc. | Reduce -51.8% | 0.95% | −0.61 |
| DDI Doubledown Interactive -ADR | Sold out | 0.00% | −0.58 |
| MCDIF McDermott International Ltd. | Sold out | 0.00% | −0.45 |
| LUNA Luna Innovations Inc. | Sold out | 0.00% | −0.44 |
| CODI Compass Diversified Holdings | Reduce -32.2% | 1.29% | −0.38 |
| DHC Diversified Healthcare Trust | Sold out | 0.00% | −0.35 |
| IDAI T Stamp Inc. Class A | Sold out | 0.00% | −0.34 |
| GANX Gain Therapeutics Inc. | Reduce -6.2% | 1.41% | −0.30 |
| SVC Service Pptys TR | Sold out | 0.00% | −0.25 |
| XELB Xcel Brands Inc. | Reduce -38.8% | 0.33% | −0.22 |
| REEAF Ree Automotive Ltd. Class A | Reduce -2.6% | 0.06% | −0.16 |
| UIS Unisys Corp. | Reduce -47.7% | 0.13% | −0.04 |
| INSG Inseego Corp. | Sold out | 0.00% | −0.00 |
| PRTH Priority Technology Holdings | Reduce -15.3% | 0.45% | +0.00 |
| PMTS Cpi Card Group Inc. | Reduce -0.8% | 0.18% | +0.03 |
| CDXS Codexis Inc. | Reduce -5.2% | 0.43% | +0.04 |
| LION Lionsgate Studios Corp. | Reduce -22.1% | 1.89% | +0.07 |
| CNXX Conx Corp. Class A | Reduce -12.5% | 4.89% | +0.12 |
| PRCH Porch Group Inc. | Reduce -18.7% | 0.55% | +0.16 |
| GRPN Groupon Inc. | Reduce -20.9% | 2.17% | +0.55 |
| DUOT Duos Technologies Group Inc. | Reduce -3.4% | 2.75% | +0.81 |
| ATEX Anterix Inc. | Reduce -10.8% | 11.68% | +5.88 |
Portfolio Buys Q1 2026 → Q2 2026
| WYY Widepoint Corp. | Add +9.7% | 3.83% | +2.64 |
| PESI Perma-Fix Environmental SVCS | Add +60.8% | 4.99% | +2.21 |
| SHMD Schmid Group NV | New | 1.32% | +1.32 |
| ACVA Acv Auctions Inc. Class A | New | 1.04% | +1.04 |
| SVC Service Properties Trust | New | 0.80% | +0.80 |
| XPER Xperi Inc. | Add +0.8% | 3.76% | +0.73 |
| VXX Ipath Series B S&P 500 Vix | New | 0.65% | +0.65 |
| AVPT Avepoint Inc. | New | 0.62% | +0.62 |
| KOPN Kopin Corp. | New | 0.61% | +0.61 |
| LSAK Lesaka Technologies Inc. | Add +36.2% | 5.51% | +0.56 |
| NN Nextnav Inc. | Add +110.5% | 1.03% | +0.50 |
| ISPR Ispire Technology Inc. | New | 0.49% | +0.49 |
| TPCS Techprecision Corp. | Add +11.9% | 1.07% | +0.41 |
| CSGP Costar Group Inc. | Add +233.3% | 0.83% | +0.41 |
| ALLT Allot Ltd. | Add +0.1% | 2.42% | +0.25 |
| AIOT Powerfleet Inc. | Add +0.1% | 2.56% | +0.10 |
| FIGS Figs Inc. Class A | New | 0.09% | +0.09 |
| RELL Richardson Elec Ltd. | New | 0.07% | +0.07 |
| RMNI Rimini Street Inc. | Add +13.6% | 0.30% | +0.06 |
| CNDT Conduent Inc. | New | 0.05% | +0.05 |
| FPH Five Point Holdings LLC Class A | Add +25.0% | 0.29% | +0.04 |
| AVNW Aviat Networks Inc. | Add +80.0% | 0.06% | +0.02 |
| INTZ Intrusion Inc. | Add +11.4% | 0.35% | +0.02 |
| OWLT Owlet Inc. | Add +9.8% | 0.33% | +0.01 |
| SPT Sprout Social Inc. Class A | New | 0.00% | +0.00 |
| BRLT Brilliant Earth Group Inc. Class A | Add +7.9% | 0.28% | −0.09 |
| INSE Inspired Entertainment Inc. | Add +0.0% | 3.72% | −0.12 |
| DSP Viant Technology Inc. Class A | Add +1.0% | 4.98% | −0.23 |
| CDZI Cadiz Inc. | Add +4.5% | 1.07% | −0.37 |
Options Activity Q1 2026 → Q2 2026
| IWM iShares Russell 2000 ETF | put | New | 13,500 | $4.1M |
| QQQ Invesco QQQ Trust Series 1 | put | New | 5,000 | $3.7M |
| ATEX Anterix Inc. | put | Add +33.3% | 10,000 | $1.0M |
| NN Nextnav Inc. | call | Add +300.0% | 40,000 | $713K |
| UTI Universal Technical Institut | put | New | 5,000 | $214K |
| DSP Viant Technology Inc. Class A | call | New | 10,100 | $128K |
| AXT INC | put | Sold out | 1,500 | $85Kbefore exit |
| XPER Xperi Inc. | call | Sold out | 1,000 | $6Kbefore exit |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.