Topline Capital Management
SANTA MONICA, CAfiles as Topline Capital Management, LLC
$386m in 36 US stocks at the end of 30 June 2026. The top 10 are 80.9% of the money. It changed about 27.3% of the portfolio this quarter.
Value
$386m
Stocks
36
Top 10 share
80.9%
Turnover
27.3%
What changed this quarter
New
Bought for the first time this quarter.
- National Presto IndustriesNPK1.0% of the fund
- AtriCureATRC1.0% of the fund
- CerusCERS0.8% of the fund
- Sifco IndustriesSIF0.2% of the fund
- Smith MidlandSMID0.2% of the fund
- Perma-Pipe International HoldingsPPIH0.1% of the fund
- Taylor DevicesTAYD<0.1% of the fund
- Innovative Solutions & SupportIA<0.1% of the fund
- Mesa LaboratoriesMLAB<0.1% of the fund
Added
Bought more of a stock they already held.
- Zevia PBCZVIA3.0% of the fund+6%
- Meridian HoldingsMRDN0.7% of the fund+33%
Cut
Sold some of their stake.
- WorkivaWK11.0% of the fund-17%
- DoubleVerify HoldingsDV9.0% of the fund-36%
- NerdwalletNRDS7.9% of the fund-37%
- Cytek BiosciencesCTKB7.2% of the fund-11%
- Cognyte SoftwareCGNT7.2% of the fund-36%
- KORU Medical SystemsKRMD3.7% of the fund-4%
- EnvelaELA3.1% of the fund-47%
- DoceboDCBO3.1% of the fund-24%
- Nutex HealthNUTX1.9% of the fund-77%
- N-ableNABL1.8% of the fund-3%
- Optex Systems HoldingsOPXS1.6% of the fund-22%
- CS DiscoLAW1.4% of the fund-44%
- Sprout SocialSPT1.0% of the fund-82%
- SentinelOneS0.6% of the fund-93%
- NephrosNEPH0.5% of the fund-8%
- Mitek SystemsMITK0.5% of the fund-94%
- Tejon RanchTRC0.4% of the fund-10%
- Simulations PlusSLP0.4% of the fund-61%
- FreshworksFRSH<0.1% of the fund-100%
- 1stdibs.comDIBS<0.1% of the fund-86%
- Research SolutionsRSSS<0.1% of the fund-98%
Sold out
Sold their entire stake.
- monday.comMNDY-100%
- UnifirstUNF-100%
- CertaraCERT-100%
- Playtika HoldingPLTK-100%
- InModeINMD-100%
- Viant TechnologyDSP-100%
- QuanterixQTRX-100%
- Trade DeskTTD-100%
- Tenable HoldingsTENB-100%
- NeuroPaceNPCE-100%
- James River Group HoldingsJRVR-100%
- PrecipioPRPO-100%
- CricutCRCT-100%
- NetSol TechnologiesNTWK-100%
- Sono TEKSOTK-100%
- SoundthinkingSSTI-100%
Holdings
- DoceboDCBO
- Share
- 3.1%
- Value
- $12m
- Shares
- 664,727
-24%
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| PRA GroupPRAA | 18.9% | $73m | 3,845,334 | Held |
| WorkivaWK | 11.0% | $42m | 871,101 | -17% |
| PaysignPAYS | 9.9% | $38m | 4,639,061 | Held |
| DoubleVerify HoldingsDV | 9.0% | $35m | 3,214,515 | -36% |
| NerdwalletNRDS | 7.9% | $30m | 3,289,285 | -37% |
| Cytek BiosciencesCTKB | 7.2% | $28m | 6,283,450 | -11% |
| Cognyte SoftwareCGNT | 7.2% | $28m | 3,143,271 | -36% |
| KORU Medical SystemsKRMD | 3.7% | $14m | 3,373,842 | -4% |
| EnvelaELA | 3.1% | $12m | 413,150 | -47% |
| DoceboDCBO | 3.1% | $12m | 664,727 | -24% |
| Zevia PBCZVIA | 3.0% | $12m | 7,177,524 | +6% |
| Nutex HealthNUTX | 1.9% | $7m | 41,764 | -77% |
| N-ableNABL | 1.8% | $7m | 1,902,005 | -3% |
| Optex Systems HoldingsOPXS | 1.6% | $6m | 449,363 | -22% |
| CS DiscoLAW | 1.4% | $6m | 1,466,665 | -44% |
| ACCESS NewswireACCS | 1.2% | $5m | 709,264 | Held |
| National Presto IndustriesNPK | 1.0% | $4m | 32,282 | New |
| AtriCureATRC | 1.0% | $4m | 138,490 | New |
| Sprout SocialSPT | 1.0% | $4m | 501,772 | -82% |
| CerusCERS | 0.8% | $3m | 1,051,676 | New |
| Meridian HoldingsMRDN | 0.7% | $3m | 186,440 | +33% |
| SentinelOneS | 0.6% | $2m | 128,038 | -93% |
| Heritage GlobalHGBL | 0.6% | $2m | 1,785,488 | Held |
| NephrosNEPH | 0.5% | $2m | 535,698 | -8% |
| Mitek SystemsMITK | 0.5% | $2m | 93,985 | -94% |
| Tejon RanchTRC | 0.4% | $2m | 85,229 | -10% |
| Simulations PlusSLP | 0.4% | $2m | 84,412 | -61% |
| Sifco IndustriesSIF | 0.2% | $833,274 | 35,610 | New |
| Smith MidlandSMID | 0.2% | $580,348 | 20,012 | New |
| Perma-Pipe International HoldingsPPIH | 0.1% | $450,956 | 16,561 | New |
| Taylor DevicesTAYD | <0.1% | $259,776 | 4,427 | New |
| Innovative Solutions & SupportIA | <0.1% | $241,632 | 13,424 | New |
| Mesa LaboratoriesMLAB | <0.1% | $236,332 | 2,374 | New |
| FreshworksFRSH | <0.1% | $109,903 | 10,860 | -100% |
| 1stdibs.comDIBS | <0.1% | $50,254 | 10,256 | -86% |
| Research SolutionsRSSS | <0.1% | $26,518 | 11,430 | -98% |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is down 33.9% since 30 June 2025.
Where the money is
Technology55.0%
Financial services18.9%
Health care15.0%
Industrials4.3%
Retail & consumer3.1%
Everyday goods3.0%
Real estate0.4%
Materials0.2%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.