13F Insight
DOSSIER · 13F-HR · Q1 2026

Topline Capital Management, LLC

$605M in tracked AUM across 43 positions as of Q1 2026.

TC
CIK 0001792549 · last filed Mar 31, 2026
Total AUM
$605M
as of Q1 2026
Holdings
43
—
positions
Whale Score
66
66
tracked
Activity
—
no data
changes this Q
AI Analysis · Q1 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.

Quarter at a glance — Q1 2026

Position-change comparison pending.

No quarter-over-quarter changes available.

Top 10 holdings

By portfolio weight as of Q1 2026.

#HoldingValueSharesWeight
01
PRAA
PRA GROUP INC
$67M3.8M11.1%02
WK
WORKIVA INC
$63M1.1M10.3%03
NRDS
NERDWALLET INC
$55M5.3M9.0%04
DV
DOUBLEVERIFY HLDGS INC
$48M5.0M7.9%05
FRSH
FRESHWORKS INC
$48M5.9M7.9%06
M25133105
COGNYTE SOFTWARE LTD
$40M4.9M6.6%07
CTKB
CYTEK BIOSCIENCES INC
$31M7.1M5.1%08
PAYS
PAYSIGN INC
$27M4.6M4.5%09
M7S64H106
MONDAY COM LTD
$25M364K4.2%10
S
SENTINELONE INC
$23M1.8M3.8%

Filing history

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