13F Insight
DOSSIER · 13F-HR · Q2 2026

Topline Capital Management, LLC

$386M in tracked AUM across 36 positions as of Q2 2026.

TC
CIK 0001792549 · last filed Jun 30, 2026
Total AUM
$386M
as of Q2 2026
Holdings
36
—
positions
Whale Score
69
69
tracked
Activity
—
no data
changes this Q
AI Analysis · Q2 2026

Portfolio Overview

Topline Capital Management, LLC reported a significant contraction in portfolio value during the quarter ending September 30, 2025. The total assets under management (AUM) decreased by 19.7%, dropping from $583.47 million to $468.39 million. This reduction in capital coincides with a period of high portfolio turnover and strategic reallocation. The fund currently holds 29 positions, indicating a concentrated strategy focused on specific opportunities rather than broad mar...

Key Holdings

The portfolio exhibits a high level of concentration, with the top four positions commanding roughly half of the total assets.

  1. Green Dot Corp (GDOT): Remaining the largest position at 13.23% ($61.97M), despite a 7.1% reduction in shares. This indicates continued confidence in the financial services sector, specifically in fintech and banking solutions.
  2. Cognyte Software Ltd: The second-largest holding at 12.90% ($60.44M). This significant stake suggests a strong bullish outlook on security software analytics.
  3. Nutex Health Inc: A major focus area during the quarter, this position grew by 80.0% and now represents 12.28% of the portfolio ($57.50M). This aggressive accumulation highlights a major conviction play in the healthcare sector.
  4. NerdWallet Inc (NRDS): Comprising 12.06% ($56.50M) of the fund, this tech holding reinforces the firm's focus on digital financial platforms.
Analysis generated by 13F Insight from SEC Form 13F filing data · Q2 2026. Methodology

Quarter at a glance — Q2 2026

Position-change comparison pending.

No quarter-over-quarter changes available.

Top 10 holdings

By portfolio weight as of Q2 2026.

#HoldingValueSharesWeight
01
PRAA
PRA GROUP INC
$73M3.8M18.9%02
WK
WORKIVA INC
$42M871K11.0%03
PAYS
PAYSIGN INC
$38M4.6M9.9%04
DV
DOUBLEVERIFY HLDGS INC
$35M3.2M9.0%05
NRDS
NERDWALLET INC
$30M3.3M7.9%06
CTKB
CYTEK BIOSCIENCES INC
$28M6.3M7.2%07
M25133105
COGNYTE SOFTWARE LTD
$28M3.1M7.2%08
KRMD
KORU MEDICAL SYSTEMS INC
$14M3.4M3.7%09
ELA
ENVELA CORP
$12M413K3.1%10
DCBO
DOCEBO INC
$12M665K3.1%

Filing history

2026Q2Jun 30
$386M▼ 36.3%
36 positionsView →2026Q1Mar 31
$605M▼ 45.2%
43 positionsView →2025Q4Dec 31
$1.1B▲ 136.0%
49 positionsView →2025Q3Sep 30
$468M▼ 19.7%
29 positionsView →2025Q2Jun 30
$583M▲ 74.0%
42 positionsLocked2025Q1Mar 31
$335M▼ 36.6%
27 positionsLocked2024Q4Dec 31
$529M—
36 positionsLocked