Topline Capital Management, LLC
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 14, 2026), Topline Capital Management, LLC reported 36 stock positions worth $385.7 million. Its top holding was Pra (PRAA) at 18.9% of the portfolio, followed by Workiva (WK, 11.0%) and Paysign (PAYS, 9.9%). Compared with Q1 2026, it opened 9 new positions, sold out of 16, added to 2 and reduced 21. The biggest buy was Zevia PBC-A (ZVIA, shares +6%) and the biggest sale Freshworks Class A (FRSH, shares −100%).
- Most Recent 13F
- Q2 2026
- Location
- SANTA MONICA, CA
- CIK
- 0001792549
- Portfolio Value
- $385.7M (Q2 2026)
- SEC Filing
- 0001792549-26-000026 ↗ filed Aug 14, 2026
Holdings Value
Holdings 36 stocks · $385.7M
| PRAA Pra Group Inc. | 18.93% | 3,845,334 | $73.0M | No change |
| WK Workiva Inc. | 10.96% | 871,101 | $42.3M | Reduce -17.1% |
| PAYS Paysign Inc. | 9.85% | 4,639,061 | $38.0M | No change |
| DV Doubleverify Holdings Inc. | 9.03% | 3,214,515 | $34.8M | Reduce -36.0% |
| NRDS Nerdwallet Inc. Class A | 7.89% | 3,289,285 | $30.4M | Reduce -37.4% |
| CTKB Cytek Biosciences Inc. | 7.22% | 6,283,450 | $27.8M | Reduce -11.1% |
| CGNT Cognyte Software Ltd. | 7.16% | 3,143,271 | $27.6M | Reduce -36.0% |
| KRMD Koru Medical Systems Inc. | 3.67% | 3,373,842 | $14.2M | Reduce -4.0% |
| ELA Envela Corp. | 3.09% | 413,150 | $11.9M | Reduce -47.0% |
| DCBO Docebo Inc. | 3.09% | 664,727 | $11.9M | Reduce -24.4% |
| ZVIA Zevia PBC-A | 3.03% | 7,177,524 | $11.7M | Add +6.3% |
| NUTX Nutex Health Inc. | 1.85% | 41,764 | $7.1M | Reduce -76.5% |
| NABL N-Able Inc. | 1.81% | 1,902,005 | $7.0M | Reduce -2.6% |
| OPXS Optex Systems Holdings Inc. | 1.63% | 449,363 | $6.3M | Reduce -22.4% |
| LAW CS Disco Inc. | 1.44% | 1,466,665 | $5.5M | Reduce -44.1% |
| ACCS Access Newswire Inc. | 1.20% | 709,264 | $4.6M | No change |
| NPK National Presto Inds Inc. | 1.05% | 32,282 | $4.0M | New |
| ATRC Atricure Inc. | 1.00% | 138,490 | $3.9M | New |
| SPT Sprout Social Inc. Class A | 0.98% | 501,772 | $3.8M | Reduce -81.6% |
| CERS Cerus Corp. | 0.80% | 1,051,676 | $3.1M | New |
| MRDN Meridian Holdings Inc. | 0.67% | 186,440 | $2.6M | Add +32.9% |
| S Sentinelone Inc. Class A | 0.56% | 128,038 | $2.2M | Reduce -92.8% |
| HGBL Heritage Global Inc. | 0.56% | 1,785,488 | $2.2M | No change |
| NEPH Nephros Inc. | 0.50% | 535,698 | $1.9M | Reduce -8.0% |
| MITK Mitek Systems Inc. | 0.49% | 93,985 | $1.9M | Reduce -94.2% |
| TRC Tejon Ranch Co. | 0.41% | 85,229 | $1.6M | Reduce -9.7% |
| SLP Simulations Plus Inc. | 0.40% | 84,412 | $1.5M | Reduce -61.3% |
| SIF Sifco Industries | 0.22% | 35,610 | $833K | New |
| SMID Smith-Midland Corp. | 0.15% | 20,012 | $580K | New |
| PPIH Perma-Pipe International Hol | 0.12% | 16,561 | $451K | New |
| TAYD Taylor Devices Inc. | 0.07% | 4,427 | $260K | New |
| IA Innovative Solutions & Supp | 0.06% | 13,424 | $242K | New |
| MLAB Mesa Laboratories Inc. | 0.06% | 2,374 | $236K | New |
| FRSH Freshworks Inc. Class A | 0.03% | 10,860 | $110K | Reduce -99.8% |
| DIBS 1STDIBS.COM Inc. | 0.01% | 10,256 | $50K | Reduce -86.1% |
| RSSS Research Solutions Inc. | 0.01% | 11,430 | $27K | Reduce -97.5% |
Portfolio Sells Q1 2026 → Q2 2026
| FRSH Freshworks Inc. Class A | Reduce -99.8% | 0.03% | −7.82 |
| MNDY Monday.com Ltd. | Sold out | 0.00% | −4.16 |
| S Sentinelone Inc. Class A | Reduce -92.8% | 0.56% | −3.22 |
| MITK Mitek Systems Inc. | Reduce -94.2% | 0.49% | −3.11 |
| UNF Unifirst Corp. | Sold out | 0.00% | −1.68 |
| SPT Sprout Social Inc. Class A | Reduce -81.6% | 0.98% | −1.58 |
| NRDS Nerdwallet Inc. Class A | Reduce -37.4% | 7.89% | −1.12 |
| NUTX Nutex Health Inc. | Reduce -76.5% | 1.85% | −0.94 |
| CERT Certara Inc. | Sold out | 0.00% | −0.71 |
| PLTK Playtika Holding Corp. | Sold out | 0.00% | −0.42 |
| INMD Inmode Ltd. | Sold out | 0.00% | −0.41 |
| DSP Viant Technology Inc. Class A | Sold out | 0.00% | −0.36 |
| QTRX Quanterix Corp. | Sold out | 0.00% | −0.33 |
| TTD Trade Desk Inc./the Class A | Sold out | 0.00% | −0.22 |
| LAW CS Disco Inc. | Reduce -44.1% | 1.44% | −0.22 |
| TENB Tenable Holdings Inc. | Sold out | 0.00% | −0.20 |
| NPCE Neuropace Inc. | Sold out | 0.00% | −0.18 |
| JRVR James River Group Holdings I | Sold out | 0.00% | −0.17 |
| RSSS Research Solutions Inc. | Reduce -97.5% | 0.01% | −0.17 |
| PRPO Precipio Inc. | Sold out | 0.00% | −0.10 |
| CRCT Cricut Inc. Class A | Sold out | 0.00% | −0.08 |
| DIBS 1STDIBS.COM Inc. | Reduce -86.1% | 0.01% | −0.05 |
| NTWK Netsol Technologies Inc. | Sold out | 0.00% | −0.04 |
| SLP Simulations Plus Inc. | Reduce -61.3% | 0.40% | −0.03 |
| SOTK Sono-Tek Corp. | Sold out | 0.00% | −0.02 |
| SSTI Soundthinking Inc. | Sold out | 0.00% | −0.01 |
| TRC Tejon Ranch Co. | Reduce -9.7% | 0.41% | +0.12 |
| NEPH Nephros Inc. | Reduce -8.0% | 0.50% | +0.21 |
| NABL N-Able Inc. | Reduce -2.6% | 1.81% | +0.30 |
| OPXS Optex Systems Holdings Inc. | Reduce -22.4% | 1.63% | +0.37 |
| DCBO Docebo Inc. | Reduce -24.4% | 3.09% | +0.55 |
| CGNT Cognyte Software Ltd. | Reduce -36.0% | 7.16% | +0.58 |
| WK Workiva Inc. | Reduce -17.1% | 10.96% | +0.61 |
| ELA Envela Corp. | Reduce -47.0% | 3.09% | +0.95 |
| DV Doubleverify Holdings Inc. | Reduce -36.0% | 9.03% | +1.15 |
| KRMD Koru Medical Systems Inc. | Reduce -4.0% | 3.67% | +1.17 |
| CTKB Cytek Biosciences Inc. | Reduce -11.1% | 7.22% | +2.12 |
Portfolio Buys Q1 2026 → Q2 2026
| ZVIA Zevia PBC-A | Add +6.3% | 3.03% | +1.73 |
| NPK National Presto Inds Inc. | New | 1.05% | +1.05 |
| ATRC Atricure Inc. | New | 1.00% | +1.00 |
| CERS Cerus Corp. | New | 0.80% | +0.80 |
| MRDN Meridian Holdings Inc. | Add +32.9% | 0.67% | +0.51 |
| SIF Sifco Industries | New | 0.22% | +0.22 |
| SMID Smith-Midland Corp. | New | 0.15% | +0.15 |
| PPIH Perma-Pipe International Hol | New | 0.12% | +0.12 |
| TAYD Taylor Devices Inc. | New | 0.07% | +0.07 |
| IA Innovative Solutions & Supp | New | 0.06% | +0.06 |
| MLAB Mesa Laboratories Inc. | New | 0.06% | +0.06 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 36 | $385.7M | PRAA, WK, PAYS, DV, NRDS |
| Q1 2026 | 43 | $605.3M | PRAA, WK, NRDS, DV, FRSH |
| Q4 2025 | 49 | $1.1B | S, NUTX, DV, FRSH, NRDS |
| Q3 2025 | 42 | $581.6M | GDOT, CGNT, NUTX, NRDS, PRAA |
| Q2 2025 | 42 | $583.5M | CGNT, NRDS, GDOT, BL, PAYS |
| Q1 2025 | 38 | $436.8M | CGNT, NRDS, BL, GDOT, PSFE |
| Q4 2024 | 36 | $528.8M | CGNT, NRDS, BL, GDOT, PSFE |