Q2 2026 13F · SEC CIK 1792549

Topline Capital Management, LLC

Hedge fundFiled 2026-08-14 for Q2 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $385.7M
Reported positions: 36
Holdings vs S&P 500, 3 yrs: —
Assets under management: $1.1B

Topline Capital Management, LLC is a hedge fund that reported 36 positions worth $385.7M in its Q2 2026 13F, filed 2026-08-14. Its largest holdings were Pra Group Inc (PRAA, 18.9%), Workiva Inc (WK, 11.0%), Paysign Inc (PAYS, 9.9%).

Topline Capital Management, LLC holdings all 36 positions.

Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.

Topline Capital Management, LLC 13F holdings
Stock	% of 13F value	Q1 2026	Shares	Share change	Reported value
PRAAPra Group Inc	18.9%	11.1%	3,845,334	+0.0%	$73.0M
WKWorkiva Inc	11.0%	10.3%	871,101	-17.0%	$42.3M
PAYSPaysign Inc	9.9%	4.5%	4,639,061	+0.0%	$38.0M
DVDoubleverify Hldgs Inc	9.0%	7.9%	3,214,515	-36.0%	$34.8M
NRDSNerdWallet, Inc.	7.9%	9.0%	3,289,285	-37.4%	$30.4M
CTKBCytek Biosciences Inc	7.2%	5.1%	6,283,450	-11.1%	$27.8M
CGNTCognyte Software Ltd	7.2%	6.6%	3,143,271	-36.0%	$27.6M
KRMDKORU Medical Systems	3.7%	2.5%	3,373,842	-4.0%	$14.2M
ELAEnvela Corp	3.1%	2.1%	413,150	-47.0%	$11.9M
DCBODocebo	3.1%	2.5%	664,727	-24.4%	$11.9M
ZVIAZevia Pbc	3.0%	1.3%	7,177,524	+6.4%	$11.7M
67079U306Nutex Health Inc	1.9%	2.8%	41,764	-76.5%	$7.1M
NABLN-Able Inc	1.8%	1.5%	1,902,005	-2.6%	$7.0M
OPXSOptex Sys Hldgs Inc	1.6%	1.3%	449,363	-22.4%	$6.3M
LAWCs Disco Inc	1.4%	1.7%	1,466,665	-44.1%	$5.5M
ISDRAccess Newswire Inc	1.2%	1.0%	709,264	+0.0%	$4.6M
NPKNational Presto Inds Inc	1.0%	New	32,282	—	$4.0M
ATRCAtriCure, Inc.	1.0%	New	138,490	—	$3.9M
SPTSprout Social Inc	1.0%	2.6%	501,772	-81.6%	$3.8M
CERSCerus Corp	0.8%	New	1,051,676	—	$3.1M
381098409Meridian Holdings Inc	0.7%	0.2%	186,440	+32.9%	$2.6M
SSentinelone Inc	0.6%	3.8%	128,038	-92.8%	$2.2M
HGBLHeritage Global Inc	0.6%	0.4%	1,785,488	+0.0%	$2.2M
NEPHNephros Inc	0.5%	0.3%	535,698	-8.0%	$1.9M
MITKMitek Sys Inc	0.5%	3.6%	93,985	-94.2%	$1.9M
TRCTejon Ranch Co.	0.4%	0.3%	85,229	-9.7%	$1.6M
SLPSimulations Plus Ord	0.4%	0.4%	84,412	-61.3%	$1.5M
SIFSifco Inds Inc	0.2%	New	35,610	—	$833K
SMIDSmith Midland Corp	0.1%	New	20,012	—	$580K
PPIHPerma-Pipe Intl Hldgs Inc	0.1%	New	16,561	—	$451K
TAYDTaylor Devices Inc	0.1%	New	4,427	—	$260K
ISSCInnovative Solutions & Suppo	0.1%	New	13,424	—	$242K
MLABMesa Laboratories, Inc.	0.1%	New	2,374	—	$236K
FRSHFreshworks Inc Class A Com	0.0%	7.9%	10,860	-99.8%	$110K
DIBS1stdibs Com Inc	0.0%	0.1%	10,256	-86.1%	$50K
RSSSResearch Solutions Inc	0.0%	0.2%	11,430	-97.5%	$27K

What Topline Capital Management, LLC bought and sold in Q2 2026, against Q1 2026.

New positions

NPK National Presto Inds Inc1.0% of 13F
ATRC AtriCure, Inc.1.0% of 13F
CERS Cerus Corp0.8% of 13F
SIF Sifco Inds Inc0.2% of 13F
SMID Smith Midland Corp0.1% of 13F
PPIH Perma-Pipe Intl Hldgs Inc0.1% of 13F
TAYD Taylor Devices Inc0.1% of 13F
ISSC Innovative Solutions & Suppo0.1% of 13F

Added to

Meridian Holdings Inc+32.9% shares
ZVIA Zevia Pbc+6.4% shares

Reduced

FRSH Freshworks Inc Class A Com-99.8% shares
RSSS Research Solutions Inc-97.5% shares
MITK Mitek Sys Inc-94.2% shares
S Sentinelone Inc-92.8% shares
DIBS 1stdibs Com Inc-86.1% shares
SPT Sprout Social Inc-81.6% shares
Nutex Health Inc-76.5% shares
SLP Simulations Plus Ord-61.3% shares

Sold out

Share counts compared with the Q1 2026 13F; a split also changes share counts.

How the holdings did against the S&P 500.

1 year: +24.4% /yr; S&P 500 +20.1%
3 years: —
5 years: —

A portfolio of the filer's 20 largest 13F positions, weighted by value, bought the trading day after each 13F was filed and held until the next one was: what copying this filer could have earned. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.

Reported 13F value by quarter.

13F value by quarter
Quarter	13F value	Positions
Q2 2026	$385.7M	36
Q1 2026	$605.3M	43
Q4 2025	$1.1B	49
Q3 2025	$581.6M	42
Q2 2025	$583.5M	42
Q1 2025	$436.8M	38
Q4 2024	$528.8M	36

Questions about Topline Capital Management, LLC's portfolio

What stocks does Topline Capital Management, LLC own?

Topline Capital Management, LLC's latest 13F, for Q2 2026 and filed Aug 14, 2026, lists 36 positions worth $385.7M. The largest are Pra Group Inc (PRAA) at 18.9%, Workiva Inc (WK) at 11.0%, Paysign Inc (PAYS) at 9.9%, Doubleverify Hldgs Inc (DV) at 9.0% and NerdWallet, Inc. (NRDS) at 7.9%.

What did Topline Capital Management, LLC buy last quarter?

In Q2 2026, Topline Capital Management, LLC added a new position in National Presto Inds Inc (NPK), a new position in AtriCure, Inc. (ATRC), a new position in Cerus Corp (CERS), a new position in Sifco Inds Inc (SIF), a new position in Smith Midland Corp (SMID), Meridian Holdings Inc (+32.9% shares) and Zevia Pbc (ZVIA) (+6.4% shares), compared with its Q1 2026 filing.

What did Topline Capital Management, LLC sell last quarter?

In Q2 2026, Topline Capital Management, LLC sold all of Monday Com Ltd (MNDY), sold all of Unifirst Corp Mass (UNF), sold all of Certara Inc (CERT), sold all of Playtika Hldg Corp (PLTK), sold all of Inmode Ltd (INMD), Freshworks Inc Class A Com (FRSH) (-99.8% shares), Research Solutions Inc (RSSS) (-97.5% shares) and Mitek Sys Inc (MITK) (-94.2% shares), compared with its Q1 2026 filing.

When is Topline Capital Management, LLC's next 13F filing due?

13F filings are due 45 days after each quarter ends. Topline Capital Management, LLC's filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.

How much money does Topline Capital Management, LLC manage?

Topline Capital Management, LLC reported $1.1B of regulatory assets under management on its latest SEC Form ADV. Its 13F, which covers only US-listed stocks and options, totals $385.7M.