Potomac Capital Management, Inc.

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 11, 2026), Potomac Capital Management, Inc. reported 66 stock positions worth $119.5 million. Its top holding was Echostar Class A (ECHO) at 22.6% of the portfolio, followed by Inspired Entertainment (INSE, 5.1%) and Viant Technology Class A (DSP, 4.4%).

Most Recent 13F
Q2 2026
Location
NEW YORK, NY
CIK
0001418746
Portfolio Value
$119.5M (Q4 2025)
SEC Filing
0001418746-26-000001 ↗ filed Feb 11, 2026

Holdings Value

0$50.0M$100.0M$150.0M Q4 2025: $119.5M $119.5M Q4 2025 Q1 2026: $114.4M Q1 2026 Q2 2026: $136.7M Q2 2026

Holdings 66 stocks · $119.5M

ECHO Echostar Corp. Class A 22.64% 248,900 $27.1M —
INSE Inspired Entertainment Inc. 5.10% 650,500 $6.1M —
DSP Viant Technology Inc. Class A 4.44% 440,750 $5.3M —
LSAK Lesaka Technologies Inc. 3.99% 999,116 $4.8M —
CNXX Conx Corp. Class A 3.67% 1,196,710 $4.4M —
PESI Perma-Fix Environmental SVCS 3.60% 341,800 $4.3M —
ATEX Anterix Inc. 2.95% 161,400 $3.5M —
XPER Xperi Inc. 2.94% 600,000 $3.5M —
ALLT Allot Ltd. 2.91% 354,288 $3.5M —
KVHI KVH Industries Inc. 2.72% 466,600 $3.3M —
GANX Gain Therapeutics Inc. 2.72% 1,010,000 $3.3M —
CLAR Clarus Corp. 2.72% 968,500 $3.2M —
DUOT Duos Technologies Group Inc. 2.58% 274,235 $3.1M —
CNDT Conduent Inc. 2.48% 1,545,619 $3.0M —
GRPN Groupon Inc. 2.20% 149,500 $2.6M —
GPGI Gpgi Inc. filed as COMPOSECURE INC 1.89% 117,000 $2.3M —
LION Lionsgate Studios Corp. 1.72% 225,000 $2.1M —
EFXT Enerflex Ltd. 1.66% 128,400 $2.0M —
CDZI Cadiz Inc. 1.57% 335,000 $1.9M —
AVD American Vanguard Corp. 1.47% 458,300 $1.8M —
III Information Services Group 1.41% 291,800 $1.7M —
BABA Alibaba Group Holding-SP ADR 1.35% 11,000 $1.6M —
PXLW Pixelworks Inc. 1.06% 200,000 $1.3M —
TPCS Techprecision Corp. 1.01% 249,561 $1.2M —
GILT Gilat Satellite Networks Ltd. 0.99% 91,200 $1.2M —
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.92% 20,000 $1.1M —
AIOT Powerfleet Inc. 0.92% 206,000 $1.1M —
WYY Widepoint Corp. 0.88% 195,670 $1.1M —
MX Magnachip Semiconductor Corp. 0.83% 386,900 $987K —
CXDO Crexendo Inc. 0.82% 152,300 $985K —
XBI SS SPDR S&P Biotech ETF 0.82% 8,000 $975K —
DHC Diversified Healthcare Trust 0.81% 200,000 $970K —
OWLT Owlet Inc. 0.79% 57,997 $939K —
EOLS Evolus Inc. 0.79% 141,172 $939K —
LULU Lululemon Athletica Inc. 0.77% 4,400 $914K —
CMTL Comtech Telecommunications 0.71% 160,912 $851K —
IDAI T Stamp Inc. Class A 0.63% 192,760 $754K —
FENC Fennec Pharmaceuticals Inc. 0.61% 95,100 $732K —
ASPS Altisource Portfolio Sol 0.59% 100,737 $700K —
DDI Doubledown Interactive -ADR 0.57% 79,100 $683K —
INTZ Intrusion Inc. 0.46% 473,050 $544K —
PRTH Priority Technology Holdings 0.45% 98,938 $539K —
PCYO Pure Cycle Corp. 0.45% 48,756 $536K —
LUNA Luna Innovations Inc. 0.44% 461,770 $531K —
CDXS Codexis Inc. 0.41% 300,000 $489K —
SSTI Soundthinking Inc. 0.41% 60,400 $485K —
XELB Xcel Brands Inc. 0.37% 408,400 $441K —
BRLT Brilliant Earth Group Inc. Class A 0.35% 241,000 $422K —
BW Babcock & Wilcox Enterpr 0.34% 64,000 $406K —
SVC Service Pptys TR 0.32% 209,000 $385K —
VXX Ipath Series B S&P 500 Vix filed as BARCLAYS BANK PLC 0.31% 14,000 $371K —
NN Nextnav Inc. 0.31% 22,000 $366K —
ARLP Alliance Resource Partners 0.29% 15,000 $348K —
PMTS Cpi Card Group Inc. 0.28% 22,956 $337K —
RMNI Rimini Street Inc. 0.27% 83,933 $326K —
REEAF Ree Automotive Ltd. Class A 0.25% 408,200 $300K —
UIS Unisys Corp. 0.22% 95,770 $264K —
SHOE Shoe Station Group Inc. filed as SHOE CARNIVAL INC 0.22% 15,572 $263K —
FPH Five Point Holdings LLC Class A 0.21% 44,275 $247K —
FEAM 5E Advanced Materials Inc. 0.16% 61,115 $186K —
SONM Dna X Inc. filed as SONIM TECHNOLOGIES INC 0.13% 48,000 $151K —
MATW Matthews Intl Corp. Class A 0.05% 2,250 $59K —
AVNW Aviat Networks Inc. 0.04% 2,000 $43K —
TYGO Tigo Energy Inc. 0.03% 27,880 $38K —
MITK Mitek Systems Inc. 0.01% 1,000 $11K —
STTO Sito Mobile Ltd. filed as SINGLE TOUCH SYSTEMS INC 0.00% 585,576 $0 —

Options reported separately and not counted above: IWM puts ($2.5M), XBI puts ($610K), ATEX calls ($578K), XPER calls ($527K), DSP calls ($445K), CNDT puts ($194K), NN calls ($168K).

Portfolio Sells Q4 2025

No earlier filing to compare with.

Portfolio Buys Q4 2025

No earlier filing to compare with.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 62$136.7MECHO, ATEX, LSAK, PESI, DSP
Q1 2026 63$114.4MECHO, ATEX, DSP, LSAK, CNXX
Q4 2025 66$119.5MECHO, INSE, DSP, LSAK, CNXX