Topline Capital Management, LLC 13F holdings, Q1 2025
Holdings as of March 31, 2025 · filings on SEC EDGAR · latest filing →
Topline Capital Management, LLC disclosed 38 US equity positions worth $436.8m in its Q1 2025 13F filing. The largest position was CGNT at 12.7% of the reported book, followed by NRDS and BL. Against the Q4 2024 filing, it opened 3 new positions, added to 9 and reduced 16 among the top 38 holdings.
What did Topline Capital Management, LLC own in Q1 2025? Top 38 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q4 2024 |
|---|---|---|---|---|---|---|---|
| 1 | CGNT COGNYTE SOFTWARE LTD | Technology | 12.7% | $55.4m | 7,099,650 | -21% | reduced |
| 2 | NRDS NERDWALLET INC | Communication Services | 10.9% | $47.5m | 5,251,145 | 0% | held |
| 3 | BL BLACKLINE INC | Technology | 10.1% | $44.3m | 914,000 | -8% | reduced |
| 4 | GDOT GREEN DOT CORP | Financial Services | 9.0% | $39.1m | 4,633,469 | -14% | reduced |
| 5 | PSFE PAYSAFE LIMITED | Technology | 7.2% | $31.6m | 2,016,445 | 0% | held |
| 6 | SAPIENS INTL CORP N V | 5.9% | $25.6m | 945,377 | 5% | added | |
| 7 | RSI RUSH STREET INTERACTIVE INC | Consumer Cyclical | 5.8% | $25.4m | 2,366,875 | 31% | added |
| 8 | FRSH FRESHWORKS INC | Technology | 4.9% | $21.4m | 1,520,000 | -10% | reduced |
| 9 | PFMTUSD PERFORMANT HEALTHCARE INC | 4.0% | $17.6m | 5,942,510 | -9% | reduced | |
| 10 | PRAA PRA GROUP INC | Financial Services | 4.0% | $17.3m | 838,922 | – | new |
| 11 | PAYS PAYSIGN INC | Technology | 2.6% | $11.3m | 5,336,146 | -5% | reduced |
| 12 | KRMD KORU MEDICAL SYSTEMS INC | 2.2% | $9.7m | 3,821,230 | -12% | reduced | |
| 13 | UNF UNIFIRST CORP MASS | Industrials | 2.0% | $8.5m | 48,961 | 110% | added |
| 14 | NUTX NUTEX HEALTH INC | 1.9% | $8.5m | 179,713 | 0% | held | |
| 15 | LAW CS DISCO INC | 1.7% | $7.3m | 1,784,222 | -7% | reduced | |
| 16 | ACCS ACCESS NEWSWIRE INC | 1.4% | $6.3m | 709,264 | 0% | held | |
| 17 | 35Y CORECARD CORPORATION | 1.4% | $6.0m | 320,817 | -0% | held | |
| 18 | CTKB CYTEK BIOSCIENCES INC | Healthcare | 1.4% | $5.9m | 1,470,775 | 522% | added |
| 19 | CTEV CLARITEV CORPORATION | 1.3% | $5.7m | 278,257 | -14% | reduced | |
| 20 | CVEO CIVEO CORP CDA | 1.1% | $4.9m | 212,823 | 4% | added | |
| 21 | JYNT JOINT CORP | Healthcare | 1.1% | $4.7m | 378,294 | 16% | added |
| 22 | ELA ENVELA CORP | Consumer Cyclical | 1.1% | $4.7m | 754,963 | 0% | held |
| 23 | OPTEX SYS HLDGS INC | 1.0% | $4.4m | 779,901 | 0% | held | |
| 24 | HGBL HERITAGE GLOBAL INC | 0.8% | $3.7m | 1,694,744 | -12% | reduced | |
| 25 | IDN INTELLICHECK INC | 0.7% | $3.1m | 1,014,507 | -13% | reduced | |
| 26 | EXFY EXPENSIFY INC | Technology | 0.7% | $2.9m | 941,609 | 2% | added |
| 27 | GAMBLING COM GROUP LIMITED | 0.7% | $2.8m | 225,000 | -53% | reduced | |
| 28 | QTRX QUANTERIX CORP | Healthcare | 0.6% | $2.5m | 386,037 | – | new |
| 29 | ILMN ILLUMINA INC | Healthcare | 0.5% | $2.2m | 27,200 | – | new |
| 30 | VSTS VESTIS CORPORATION | Industrials | 0.3% | $1.3m | 130,000 | -71% | reduced |
| 31 | NTWK NETSOL TECHNOLOGIES INC | 0.3% | $1.2m | 487,750 | -5% | reduced | |
| 32 | CMBMF CAMBIUM NETWORKS CORP | Technology | 0.2% | $995.8k | 1,411,420 | -0% | held |
| 33 | SEMREUR SEMRUSH HLDGS INC | 0.2% | $927.6k | 99,426 | -87% | reduced | |
| 34 | NEPH NEPHROS INC | 0.2% | $726.0k | 422,089 | 1% | added | |
| 35 | NABL N-ABLE INC | Technology | 0.2% | $721.7k | 101,789 | -2% | reduced |
| 36 | CCEL CRYO-CELL INTL INC | 0.1% | $304.4k | 47,791 | 0% | held | |
| 37 | INNV INNOVAGE HLDG CORP | 0.0% | $209.0k | 70,143 | 19% | added | |
| 38 | GAIA GAIA INC NEW | 0.0% | $176.9k | 45,944 | 0% | held |
Weights are shares of the reported long US equity book (options excluded). Values are as filed, normalised to whole dollars. Share changes compare against the immediately preceding filing only.