Topline Capital Management, LLC
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 15, 2026), Topline Capital Management, LLC reported 43 stock positions worth $605.3 million. Its top holding was Pra (PRAA) at 11.1% of the portfolio, followed by Workiva (WK, 10.3%) and Nerdwallet Class A (NRDS, 9.0%). Compared with Q4 2025, it opened 8 new positions, sold out of 14, added to 6 and reduced 27. The biggest buy was Workiva (WK, shares +264%) and the biggest sale Nutex Health (NUTX, shares −74%).
- Most Recent 13F
- Q2 2026
- Location
- SANTA MONICA, CA
- CIK
- 0001792549
- Portfolio Value
- $605.3M (Q1 2026)
- SEC Filing
- 0001792549-26-000022 ↗ filed May 15, 2026
Holdings Value
Holdings 43 stocks · $605.3M
| PRAA Pra Group Inc. | 11.12% | 3,845,334 | $67.3M | Add +31.8% |
| WK Workiva Inc. | 10.35% | 1,050,090 | $62.6M | Add +264.3% |
| NRDS Nerdwallet Inc. Class A | 9.01% | 5,251,145 | $54.5M | No change |
| DV Doubleverify Holdings Inc. | 7.88% | 5,022,892 | $47.7M | Reduce -40.6% |
| FRSH Freshworks Inc. Class A | 7.85% | 5,917,586 | $47.5M | Reduce -4.9% |
| CGNT Cognyte Software Ltd. | 6.57% | 4,912,000 | $39.8M | Reduce -32.1% |
| CTKB Cytek Biosciences Inc. | 5.10% | 7,064,481 | $30.9M | Reduce -5.1% |
| PAYS Paysign Inc. | 4.52% | 4,639,061 | $27.4M | Reduce -15.7% |
| MNDY Monday.com Ltd. | 4.16% | 363,974 | $25.2M | Reduce -22.2% |
| S Sentinelone Inc. Class A | 3.79% | 1,780,000 | $22.9M | Reduce -76.6% |
| MITK Mitek Systems Inc. | 3.60% | 1,612,061 | $21.8M | Reduce -15.6% |
| NUTX Nutex Health Inc. | 2.79% | 177,800 | $16.9M | Reduce -73.7% |
| SPT Sprout Social Inc. Class A | 2.57% | 2,725,802 | $15.5M | Reduce -5.7% |
| DCBO Docebo Inc. | 2.54% | 878,904 | $15.4M | Add +0.9% |
| KRMD Koru Medical Systems Inc. | 2.51% | 3,514,911 | $15.2M | Reduce -10.8% |
| ELA Envela Corp. | 2.15% | 779,949 | $13.0M | Reduce -8.4% |
| UNF Unifirst Corp. | 1.68% | 40,318 | $10.1M | Reduce -74.5% |
| LAW CS Disco Inc. | 1.66% | 2,623,114 | $10.0M | Reduce -20.9% |
| NABL N-Able Inc. | 1.51% | 1,951,986 | $9.1M | Add +40.7% |
| ZVIA Zevia PBC-A | 1.30% | 6,748,664 | $7.9M | Add +31.8% |
| OPXS Optex Systems Holdings Inc. | 1.27% | 579,363 | $7.7M | Reduce -13.9% |
| ACCS Access Newswire Inc. | 1.04% | 709,264 | $6.3M | No change |
| CERT Certara Inc. | 0.71% | 749,497 | $4.3M | Reduce -62.4% |
| SLP Simulations Plus Inc. | 0.43% | 218,142 | $2.6M | New |
| PLTK Playtika Holding Corp. | 0.42% | 915,621 | $2.5M | New |
| INMD Inmode Ltd. | 0.41% | 181,649 | $2.5M | Reduce -69.3% |
| HGBL Heritage Global Inc. | 0.40% | 1,785,488 | $2.4M | Reduce -3.5% |
| DSP Viant Technology Inc. Class A | 0.36% | 193,886 | $2.2M | Reduce -47.5% |
| QTRX Quanterix Corp. | 0.33% | 563,135 | $2.0M | New |
| TRC Tejon Ranch Co. | 0.29% | 94,338 | $1.8M | Add +17.5% |
| NEPH Nephros Inc. | 0.29% | 581,967 | $1.7M | Reduce -5.3% |
| TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC | 0.22% | 59,572 | $1.4M | New |
| TENB Tenable Holdings Inc. | 0.20% | 69,904 | $1.2M | New |
| NPCE Neuropace Inc. | 0.18% | 80,945 | $1.1M | New |
| RSSS Research Solutions Inc. | 0.17% | 461,177 | $1.0M | Reduce -16.8% |
| JRVR James River Group Holdings I | 0.17% | 164,194 | $1.0M | New |
| MRDN Meridian Holdings Inc. | 0.17% | 140,266 | $1.0M | New |
| PRPO Precipio Inc. | 0.10% | 24,624 | $616K | Reduce -49.6% |
| CRCT Cricut Inc. Class A | 0.08% | 123,061 | $460K | Reduce -80.9% |
| DIBS 1STDIBS.COM Inc. | 0.07% | 73,643 | $405K | Reduce -46.0% |
| NTWK Netsol Technologies Inc. | 0.04% | 78,375 | $266K | Reduce -82.2% |
| SOTK Sono-Tek Corp. | 0.02% | 35,159 | $143K | Reduce -79.3% |
| SSTI Soundthinking Inc. | 0.01% | 12,722 | $84K | Reduce -97.7% |
Portfolio Sells Q4 2025 → Q1 2026
| NUTX Nutex Health Inc. | Reduce -73.7% | 2.79% | −7.27 |
| S Sentinelone Inc. Class A | Reduce -76.6% | 3.79% | −6.54 |
| GDOT Green Dot Corp. Class A | Sold out | 0.00% | −3.84 |
| MNDY Monday.com Ltd. | Reduce -22.2% | 4.16% | −2.09 |
| ILMN Illumina Inc. | Sold out | 0.00% | −1.31 |
| BL Blackline Inc. | Sold out | 0.00% | −1.19 |
| UNF Unifirst Corp. | Reduce -74.5% | 1.68% | −1.08 |
| CERT Certara Inc. | Reduce -62.4% | 0.71% | −0.88 |
| DV Doubleverify Holdings Inc. | Reduce -40.6% | 7.88% | −0.87 |
| OSPN Onespan Inc. | Sold out | 0.00% | −0.79 |
| CTEV Claritev Corp. | Sold out | 0.00% | −0.76 |
| LAW CS Disco Inc. | Reduce -20.9% | 1.66% | −0.67 |
| STAA Staar Surgical Co. | Sold out | 0.00% | −0.62 |
| IDN Intellicheck Inc. | Sold out | 0.00% | −0.46 |
| SSTI Soundthinking Inc. | Reduce -97.7% | 0.01% | −0.38 |
| SPT Sprout Social Inc. Class A | Reduce -5.7% | 2.57% | −0.38 |
| INMD Inmode Ltd. | Reduce -69.3% | 0.41% | −0.38 |
| CRCT Cricut Inc. Class A | Reduce -80.9% | 0.08% | −0.21 |
| EEFT Euronet Worldwide Inc. | Sold out | 0.00% | −0.15 |
| GOLDEN MATRIX GROUP INC | Sold out | 0.00% | −0.10 |
| NTWK Netsol Technologies Inc. | Reduce -82.2% | 0.04% | −0.08 |
| CERS Cerus Corp. | Sold out | 0.00% | −0.08 |
| CRGO Freightos Ltd. | Sold out | 0.00% | −0.07 |
| FORR Forrester Research Inc. | Sold out | 0.00% | −0.05 |
| DSP Viant Technology Inc. Class A | Reduce -47.5% | 0.36% | −0.04 |
| SOTK Sono-Tek Corp. | Reduce -79.3% | 0.02% | −0.04 |
| NAII Natural Alternatives Intl | Sold out | 0.00% | −0.04 |
| KRT Karat Packaging Inc. | Sold out | 0.00% | −0.03 |
| DIBS 1STDIBS.COM Inc. | Reduce -46.0% | 0.07% | −0.01 |
| PRPO Precipio Inc. | Reduce -49.6% | 0.10% | +0.00 |
| NEPH Nephros Inc. | Reduce -5.3% | 0.29% | +0.02 |
| RSSS Research Solutions Inc. | Reduce -16.8% | 0.17% | +0.02 |
| HGBL Heritage Global Inc. | Reduce -3.5% | 0.40% | +0.19 |
| OPXS Optex Systems Holdings Inc. | Reduce -13.9% | 1.27% | +0.40 |
| CGNT Cognyte Software Ltd. | Reduce -32.1% | 6.57% | +0.42 |
| KRMD Koru Medical Systems Inc. | Reduce -10.8% | 2.51% | +0.44 |
| FRSH Freshworks Inc. Class A | Reduce -4.9% | 7.85% | +0.95 |
| ELA Envela Corp. | Reduce -8.4% | 2.15% | +1.12 |
| CTKB Cytek Biosciences Inc. | Reduce -5.1% | 5.10% | +1.70 |
| MITK Mitek Systems Inc. | Reduce -15.6% | 3.60% | +1.77 |
| PAYS Paysign Inc. | Reduce -15.7% | 4.52% | +1.96 |
Portfolio Buys Q4 2025 → Q1 2026
| WK Workiva Inc. | Add +264.3% | 10.35% | +8.10 |
| PRAA Pra Group Inc. | Add +31.8% | 11.12% | +6.45 |
| DCBO Docebo Inc. | Add +0.9% | 2.54% | +0.79 |
| NABL N-Able Inc. | Add +40.7% | 1.51% | +0.57 |
| SLP Simulations Plus Inc. | New | 0.43% | +0.43 |
| PLTK Playtika Holding Corp. | New | 0.42% | +0.42 |
| QTRX Quanterix Corp. | New | 0.33% | +0.33 |
| ZVIA Zevia PBC-A | Add +31.8% | 1.30% | +0.23 |
| TTD Trade Desk Inc./the Class A | New | 0.22% | +0.22 |
| TENB Tenable Holdings Inc. | New | 0.20% | +0.20 |
| TRC Tejon Ranch Co. | Add +17.5% | 0.29% | +0.18 |
| NPCE Neuropace Inc. | New | 0.18% | +0.18 |
| JRVR James River Group Holdings I | New | 0.17% | +0.17 |
| MRDN Meridian Holdings Inc. | New | 0.17% | +0.17 |
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 |