Potomac Capital Management, Inc.
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 14, 2026), Potomac Capital Management, Inc. reported 63 stock positions worth $114.4 million. Its top holding was Echostar Class A (ECHO) at 20.3% of the portfolio, followed by Anterix (ATEX, 5.8%) and Viant Technology Class A (DSP, 5.2%). Compared with Q4 2025, it opened 10 new positions, sold out of 13, added to 20 and reduced 17. The biggest buy was Anterix (ATEX, shares +8%) and the biggest sale an exit from Conduent (CNDT).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001418746
- Portfolio Value
- $114.4M (Q1 2026)
- SEC Filing
- 0001104659-26-061140 ↗ filed May 14, 2026
Holdings Value
Holdings 63 stocks · $114.4M
| ECHO Echostar Corp. Class A | 20.25% | 198,000 | $23.2M | Reduce -20.4% |
| ATEX Anterix Inc. | 5.80% | 173,802 | $6.6M | Add +7.7% |
| DSP Viant Technology Inc. Class A | 5.21% | 532,636 | $6.0M | Add +20.9% |
| LSAK Lesaka Technologies Inc. | 4.95% | 1,112,242 | $5.7M | Add +11.3% |
| CNXX Conx Corp. Class A | 4.77% | 1,196,710 | $5.5M | No change |
| INSE Inspired Entertainment Inc. | 3.84% | 616,600 | $4.4M | Reduce -5.2% |
| KVHI KVH Industries Inc. | 3.65% | 465,900 | $4.2M | Reduce -0.1% |
| XPER Xperi Inc. | 3.03% | 619,300 | $3.5M | Add +3.2% |
| PESI Perma-Fix Environmental SVCS | 2.77% | 296,700 | $3.2M | Reduce -13.2% |
| CLAR Clarus Corp. | 2.69% | 1,131,000 | $3.1M | Add +16.8% |
| AIOT Powerfleet Inc. | 2.45% | 911,200 | $2.8M | Add +342.3% |
| ALLT Allot Ltd. | 2.17% | 373,400 | $2.5M | Add +5.4% |
| DUOT Duos Technologies Group Inc. | 1.94% | 324,182 | $2.2M | Add +18.2% |
| LION Lionsgate Studios Corp. | 1.82% | 216,975 | $2.1M | Reduce -3.6% |
| GANX Gain Therapeutics Inc. | 1.71% | 1,008,600 | $2.0M | Reduce -0.1% |
| GPGI Gpgi Inc. | 1.70% | 113,500 | $1.9M | Reduce -3.0% |
| CODI Compass Diversified Holdings | 1.67% | 243,300 | $1.9M | New |
| GRPN Groupon Inc. | 1.62% | 155,800 | $1.9M | Add +4.2% |
| GSIT Gsi Technology Inc. | 1.56% | 348,400 | $1.8M | New |
| CDZI Cadiz Inc. | 1.44% | 335,000 | $1.6M | No change |
| AVD American Vanguard Corp. | 1.35% | 622,050 | $1.5M | Add +35.7% |
| HCKT The Hackett Group Inc. | 1.33% | 117,104 | $1.5M | New |
| ARLO Arlo Technologies Inc. | 1.24% | 100,000 | $1.4M | New |
| FENC Fennec Pharmaceuticals Inc. | 1.21% | 224,400 | $1.4M | Add +136.0% |
| WYY Widepoint Corp. | 1.19% | 272,780 | $1.4M | Add +39.4% |
| BABA Alibaba Group Holding-SP ADR | 1.18% | 10,800 | $1.4M | Reduce -1.8% |
| III Information Services Group | 0.98% | 291,800 | $1.1M | No change |
| GILT Gilat Satellite Networks Ltd. | 0.96% | 72,842 | $1.1M | Reduce -20.1% |
| PXLW Pixelworks Inc. | 0.94% | 200,000 | $1.1M | No change |
| MX Magnachip Semiconductor Corp. | 0.89% | 365,000 | $1.0M | Reduce -5.7% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.85% | 20,000 | $975K | No change |
| ADTN Adtran Holdings Inc. | 0.85% | 77,200 | $971K | New |
| BW Babcock & Wilcox Enterpr | 0.82% | 64,000 | $940K | No change |
| CXDO Crexendo Inc. | 0.75% | 139,568 | $861K | Reduce -8.4% |
| TPCS Techprecision Corp. | 0.66% | 249,561 | $751K | No change |
| QLD Proshares Ultra QQQ | 0.65% | 12,100 | $738K | New |
| FEAM 5E Advanced Materials Inc. | 0.62% | 506,300 | $709K | Add +728.4% |
| DDI Doubledown Interactive -ADR | 0.58% | 79,100 | $668K | No change |
| XELB Xcel Brands Inc. | 0.55% | 408,400 | $633K | No change |
| NN Nextnav Inc. | 0.52% | 37,500 | $601K | Add +70.5% |
| EOLS Evolus Inc. | 0.51% | 141,500 | $582K | Add +0.2% |
| MCDIF McDermott International Ltd. | 0.45% | 20,000 | $520K | New |
| PRTH Priority Technology Holdings | 0.45% | 108,800 | $514K | Add +10.0% |
| LUNA Luna Innovations Inc. | 0.44% | 461,770 | $508K | No change |
| PCYO Pure Cycle Corp. | 0.43% | 48,756 | $490K | No change |
| CSGP Costar Group Inc. | 0.42% | 12,000 | $484K | New |
| CDXS Codexis Inc. | 0.39% | 274,200 | $447K | Reduce -8.6% |
| PRCH Porch Group Inc. | 0.39% | 61,500 | $441K | New |
| BRLT Brilliant Earth Group Inc. Class A | 0.37% | 315,000 | $419K | Add +30.7% |
| DHC Diversified Healthcare Trust | 0.35% | 60,000 | $398K | Reduce -70.0% |
| IDAI T Stamp Inc. Class A | 0.34% | 160,900 | $385K | Reduce -16.5% |
| INTZ Intrusion Inc. | 0.33% | 465,415 | $382K | Reduce -1.6% |
| OWLT Owlet Inc. | 0.32% | 70,500 | $362K | Add +21.6% |
| SHOE Shoe Station Group Inc. filed as SHOE CARNIVAL INC | 0.26% | 18,800 | $293K | Add +20.7% |
| FPH Five Point Holdings LLC Class A | 0.25% | 60,000 | $290K | Add +35.5% |
| SVC Service Pptys TR | 0.25% | 209,000 | $283K | No change |
| RMNI Rimini Street Inc. | 0.24% | 83,933 | $275K | No change |
| REEAF Ree Automotive Ltd. Class A | 0.21% | 408,200 | $245K | No change |
| UIS Unisys Corp. | 0.17% | 95,600 | $198K | Reduce -0.2% |
| PMTS Cpi Card Group Inc. | 0.15% | 12,100 | $176K | Reduce -47.3% |
| MATW Matthews Intl Corp. Class A | 0.05% | 2,250 | $58K | No change |
| AVNW Aviat Networks Inc. | 0.04% | 2,000 | $45K | No change |
| INSG Inseego Corp. | 0.00% | 300 | $3K | New |
Options reported separately and not counted above: ATEX puts ($286K), NN calls ($160K), AXT INC puts ($85K), XPER calls ($6K).
Portfolio Sells Q4 2025 → Q1 2026
| CNDT Conduent Inc. | Sold out | 0.00% | −2.48 |
| ECHO Echostar Corp. Class A | Reduce -20.4% | 20.25% | −2.39 |
| EFXT Enerflex Ltd. | Sold out | 0.00% | −1.66 |
| INSE Inspired Entertainment Inc. | Reduce -5.2% | 3.84% | −1.25 |
| GANX Gain Therapeutics Inc. | Reduce -0.1% | 1.71% | −1.01 |
| PESI Perma-Fix Environmental SVCS | Reduce -13.2% | 2.77% | −0.83 |
| XBI SS SPDR S&P Biotech ETF | Sold out | 0.00% | −0.82 |
| LULU Lululemon Athletica Inc. | Sold out | 0.00% | −0.77 |
| CMTL Comtech Telecommunications | Sold out | 0.00% | −0.71 |
| ASPS Altisource Portfolio Sol | Sold out | 0.00% | −0.59 |
| DHC Diversified Healthcare Trust | Reduce -70.0% | 0.35% | −0.46 |
| SSTI Soundthinking Inc. | Sold out | 0.00% | −0.41 |
| VXX Ipath Series B S&P 500 Vix | Sold out | 0.00% | −0.31 |
| IDAI T Stamp Inc. Class A | Reduce -16.5% | 0.34% | −0.29 |
| ARLP Alliance Resource Partners | Sold out | 0.00% | −0.29 |
| GPGI Gpgi Inc. | Reduce -3.0% | 1.70% | −0.19 |
| BABA Alibaba Group Holding-SP ADR | Reduce -1.8% | 1.18% | −0.17 |
| PMTS Cpi Card Group Inc. | Reduce -47.3% | 0.15% | −0.13 |
| SONM Dna X Inc. | Sold out | 0.00% | −0.13 |
| INTZ Intrusion Inc. | Reduce -1.6% | 0.33% | −0.12 |
| CXDO Crexendo Inc. | Reduce -8.4% | 0.75% | −0.07 |
| UIS Unisys Corp. | Reduce -0.2% | 0.17% | −0.05 |
| TYGO Tigo Energy Inc. | Sold out | 0.00% | −0.03 |
| GILT Gilat Satellite Networks Ltd. | Reduce -20.1% | 0.96% | −0.03 |
| CDXS Codexis Inc. | Reduce -8.6% | 0.39% | −0.02 |
| MITK Mitek Systems Inc. | Sold out | 0.00% | −0.01 |
| STTO Sito Mobile Ltd. | Sold out | 0.00% | 0.00 |
| MX Magnachip Semiconductor Corp. | Reduce -5.7% | 0.89% | +0.07 |
| LION Lionsgate Studios Corp. | Reduce -3.6% | 1.82% | +0.10 |
| KVHI KVH Industries Inc. | Reduce -0.1% | 3.65% | +0.93 |
Portfolio Buys Q4 2025 → Q1 2026
| ATEX Anterix Inc. | Add +7.7% | 5.80% | +2.85 |
| CODI Compass Diversified Holdings | New | 1.67% | +1.67 |
| GSIT Gsi Technology Inc. | New | 1.56% | +1.56 |
| AIOT Powerfleet Inc. | Add +342.3% | 2.45% | +1.54 |
| HCKT The Hackett Group Inc. | New | 1.33% | +1.33 |
| ARLO Arlo Technologies Inc. | New | 1.24% | +1.24 |
| LSAK Lesaka Technologies Inc. | Add +11.3% | 4.95% | +0.96 |
| ADTN Adtran Holdings Inc. | New | 0.85% | +0.85 |
| DSP Viant Technology Inc. Class A | Add +20.9% | 5.21% | +0.77 |
| QLD Proshares Ultra QQQ | New | 0.65% | +0.65 |
| FENC Fennec Pharmaceuticals Inc. | Add +136.0% | 1.21% | +0.59 |
| FEAM 5E Advanced Materials Inc. | Add +728.4% | 0.62% | +0.46 |
| MCDIF McDermott International Ltd. | New | 0.45% | +0.45 |
| CSGP Costar Group Inc. | New | 0.42% | +0.42 |
| PRCH Porch Group Inc. | New | 0.39% | +0.39 |
| WYY Widepoint Corp. | Add +39.4% | 1.19% | +0.31 |
| NN Nextnav Inc. | Add +70.5% | 0.52% | +0.22 |
| XPER Xperi Inc. | Add +3.2% | 3.03% | +0.09 |
| FPH Five Point Holdings LLC Class A | Add +35.5% | 0.25% | +0.05 |
| SHOE Shoe Station Group Inc. | Add +20.7% | 0.26% | +0.04 |
| BRLT Brilliant Earth Group Inc. Class A | Add +30.7% | 0.37% | +0.01 |
| INSG Inseego Corp. | New | 0.00% | +0.00 |
| PRTH Priority Technology Holdings | Add +10.0% | 0.45% | −0.00 |
| CLAR Clarus Corp. | Add +16.8% | 2.69% | −0.03 |
| AVD American Vanguard Corp. | Add +35.7% | 1.35% | −0.11 |
| EOLS Evolus Inc. | Add +0.2% | 0.51% | −0.28 |
| OWLT Owlet Inc. | Add +21.6% | 0.32% | −0.47 |
| GRPN Groupon Inc. | Add +4.2% | 1.62% | −0.58 |
| DUOT Duos Technologies Group Inc. | Add +18.2% | 1.94% | −0.64 |
| ALLT Allot Ltd. | Add +5.4% | 2.17% | −0.74 |
Options Activity Q4 2025 → Q1 2026
| IWM iShares Russell 2000 ETF | put | Sold out | 10,000 | $2.5Mbefore exit |
| XBI SS SPDR S&P Biotech ETF | put | Sold out | 5,000 | $610Kbefore exit |
| ATEX Anterix Inc. | call | Sold out | 26,500 | $578Kbefore exit |
| DSP Viant Technology Inc. Class A | call | Sold out | 37,000 | $445Kbefore exit |
| ATEX Anterix Inc. | put | New | 7,500 | $286K |
| CNDT Conduent Inc. | put | Sold out | 101,000 | $194Kbefore exit |
| NN Nextnav Inc. | call | Reduce -1.0% | 10,000 | $160K |
| AXT INC | put | New | 1,500 | $85K |
| XPER Xperi Inc. | call | Reduce -98.9% | 1,000 | $6K |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.