Topline Capital Management, LLC
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), Topline Capital Management, LLC reported 36 stock positions worth $528.8 million. Its top holding was Cognyte Software (CGNT) at 14.8% of the portfolio, followed by Nerdwallet Class A (NRDS, 13.2%) and Blackline (BL, 11.5%).
- Most Recent 13F
- Q2 2026
- Location
- SANTA MONICA, CA
- CIK
- 0001792549
- Portfolio Value
- $528.8M (Q4 2024)
- SEC Filing
- 0001085146-25-001469 ↗ filed Feb 14, 2025
Holdings Value
Holdings 36 stocks · $528.8M
| CGNT Cognyte Software Ltd. | 14.76% | 9,020,184 | $78.0M | — |
| NRDS Nerdwallet Inc. Class A | 13.21% | 5,251,145 | $69.8M | — |
| BL Blackline Inc. | 11.45% | 996,904 | $60.6M | — |
| GDOT Green Dot Corp. Class A | 10.82% | 5,376,787 | $57.2M | — |
| PSFE Paysafe Ltd. | 6.52% | 2,016,445 | $34.5M | — |
| FRSH Freshworks Inc. Class A | 5.14% | 1,680,000 | $27.2M | — |
| RSI Rush Street Interactive Inc. | 4.70% | 1,811,323 | $24.9M | — |
| SPNS Sapiens International Corp. | 4.57% | 898,662 | $24.1M | — |
| PHLT Performant Healthcare Inc. | 3.73% | 6,525,324 | $19.7M | — |
| PAYS Paysign Inc. | 3.20% | 5,611,128 | $16.9M | — |
| KRMD Koru Medical Systems Inc. | 3.15% | 4,327,164 | $16.7M | — |
| LAW CS Disco Inc. | 1.80% | 1,909,829 | $9.5M | — |
| SEMR Semrush Holdings Inc. Class A | 1.75% | 780,084 | $9.3M | — |
| CCRD Corecard Corp. | 1.38% | 322,337 | $7.3M | — |
| VSTS Vestis Corp. | 1.30% | 451,442 | $6.9M | — |
| GRSD Grandstand Ltd. filed as GAMBLING COM GROUP LIMITED | 1.27% | 475,851 | $6.7M | — |
| ACCS Access Newswire Inc. filed as ISSUER DIRECT CORP | 1.20% | 709,264 | $6.3M | — |
| NUTX Nutex Health Inc. | 1.08% | 179,540 | $5.7M | — |
| ELA Envela Corp. | 1.02% | 754,603 | $5.4M | — |
| OPXS Optex Systems Holdings Inc. | 1.01% | 779,901 | $5.4M | — |
| CTEV Claritev Corp. filed as MULTIPLAN CORPORATION | 0.90% | 321,698 | $4.8M | — |
| CVEO Civeo Corp. | 0.88% | 205,246 | $4.7M | — |
| UNF Unifirst Corp. | 0.75% | 23,329 | $4.0M | — |
| AVD American Vanguard Corp. | 0.71% | 811,755 | $3.8M | — |
| HGBL Heritage Global Inc. | 0.67% | 1,927,096 | $3.6M | — |
| JYNT The Joint Corp. | 0.65% | 325,338 | $3.5M | — |
| IDN Intellicheck Inc. | 0.61% | 1,159,878 | $3.2M | — |
| EXFY Expensify Inc. Class A | 0.58% | 920,947 | $3.1M | — |
| CTKB Cytek Biosciences Inc. | 0.29% | 236,596 | $1.5M | — |
| NTWK Netsol Technologies Inc. | 0.26% | 515,682 | $1.4M | — |
| NABL N-Able Inc. | 0.18% | 103,412 | $966K | — |
| CMBMF Cambium Networks Corp. | 0.17% | 1,412,189 | $911K | — |
| NEPH Nephros Inc. | 0.12% | 419,887 | $617K | — |
| CCEL Cryo-Cell Intl Inc. | 0.07% | 47,791 | $354K | — |
| INNV Innovage Holding Corp. | 0.04% | 58,740 | $231K | — |
| GAIA Gaia Inc. | 0.04% | 45,944 | $206K | — |
Portfolio Sells Q4 2024
No earlier filing to compare with.
Portfolio Buys Q4 2024
No earlier filing to compare with.
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 |