Topline Capital Management, LLC 13F holdings, Q2 2025
Holdings as of June 30, 2025 · filings on SEC EDGAR · latest filing →
Topline Capital Management, LLC disclosed 42 US equity positions worth $583.5m in its Q2 2025 13F filing. The largest position was CGNT at 11.1% of the reported book, followed by NRDS and GDOT. Against the Q1 2025 filing, it opened 12 new positions, added to 12 and reduced 16 among the top 42 holdings.
What did Topline Capital Management, LLC own in Q2 2025? Top 42 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q1 2025 |
|---|---|---|---|---|---|---|---|
| 1 | CGNT COGNYTE SOFTWARE LTD | Technology | 11.1% | $64.9m | 7,027,290 | -1% | reduced |
| 2 | NRDS NERDWALLET INC | Communication Services | 9.9% | $57.6m | 5,251,145 | 0% | held |
| 3 | GDOT GREEN DOT CORP | Financial Services | 9.2% | $53.5m | 4,965,286 | 7% | added |
| 4 | BL BLACKLINE INC | Technology | 8.1% | $47.3m | 835,372 | -9% | reduced |
| 5 | PAYS PAYSIGN INC | Technology | 6.7% | $39.0m | 5,421,737 | 2% | added |
| 6 | NUTX NUTEX HEALTH INC | 6.6% | $38.5m | 309,131 | 72% | added | |
| 7 | PRAA PRA GROUP INC | Financial Services | 5.7% | $33.2m | 2,250,629 | 168% | added |
| 8 | SAPIENS INTL CORP N V | 5.2% | $30.3m | 1,037,075 | 10% | added | |
| 9 | FRSH FRESHWORKS INC | Technology | 4.9% | $28.8m | 1,933,213 | 27% | added |
| 10 | RSI RUSH STREET INTERACTIVE INC | Consumer Cyclical | 4.6% | $26.9m | 1,807,124 | -24% | reduced |
| 11 | PFMTUSD PERFORMANT HEALTHCARE INC | 3.7% | $21.8m | 5,462,442 | -8% | reduced | |
| 12 | CTKB CYTEK BIOSCIENCES INC | Healthcare | 3.0% | $17.8m | 5,231,260 | 256% | added |
| 13 | UNF UNIFIRST CORP MASS | Industrials | 2.4% | $14.0m | 74,562 | 52% | added |
| 14 | LAW CS DISCO INC | 2.2% | $13.0m | 2,965,268 | 66% | added | |
| 15 | KRMD KORU MEDICAL SYSTEMS INC | 2.2% | $12.9m | 3,608,347 | -6% | reduced | |
| 16 | CTEV CLARITEV CORPORATION | 1.9% | $11.0m | 243,935 | -12% | reduced | |
| 17 | ACCS ACCESS NEWSWIRE INC | 1.5% | $8.7m | 709,264 | 0% | held | |
| 18 | OPTEX SYS HLDGS INC | 1.4% | $7.9m | 691,256 | -11% | reduced | |
| 19 | PSFE PAYSAFE LIMITED | Technology | 1.3% | $7.8m | 620,000 | -69% | reduced |
| 20 | ELA ENVELA CORP | Consumer Cyclical | 0.9% | $5.3m | 862,433 | 14% | added |
| 21 | MITK MITEK SYS INC | Technology | 0.9% | $5.2m | 528,766 | – | new |
| 22 | JYNT JOINT CORP | Healthcare | 0.9% | $5.2m | 449,204 | 19% | added |
| 23 | IDN INTELLICHECK INC | 0.8% | $4.8m | 894,649 | -12% | reduced | |
| 24 | WK WORKIVA INC | Technology | 0.7% | $4.0m | 58,000 | – | new |
| 25 | 35Y CORECARD CORPORATION | 0.6% | $3.7m | 128,894 | -60% | reduced | |
| 26 | HGBL HERITAGE GLOBAL INC | 0.6% | $3.7m | 1,678,507 | -1% | reduced | |
| 27 | S SENTINELONE INC | Technology | 0.5% | $3.2m | 175,269 | – | new |
| 28 | ILMN ILLUMINA INC | Healthcare | 0.4% | $2.3m | 24,600 | -10% | reduced |
| 29 | EXFY EXPENSIFY INC | Technology | 0.3% | $2.0m | 776,796 | -18% | reduced |
| 30 | NEPH NEPHROS INC | 0.3% | $2.0m | 477,449 | 13% | added | |
| 31 | DCBO DOCEBO INC | Technology | 0.3% | $1.6m | 55,257 | – | new |
| 32 | NTWK NETSOL TECHNOLOGIES INC | 0.2% | $1.5m | 467,750 | -4% | reduced | |
| 33 | SVCO SILVACO GROUP INC | 0.2% | $1.1m | 232,290 | – | new | |
| 34 | SPIRIT AVIATION HLDGS INC | 0.2% | $1.0m | 202,457 | – | new | |
| 35 | FREIGHTOS LTD | 0.1% | $657.8k | 270,696 | – | new | |
| 36 | CCEL CRYO-CELL INTL INC | 0.0% | $210.5k | 40,553 | -15% | reduced | |
| 37 | INNV INNOVAGE HLDG CORP | 0.0% | $160.1k | 43,378 | -38% | reduced | |
| 38 | INMD INMODE LTD | Healthcare | 0.0% | $159.5k | 11,047 | – | new |
| 39 | RSSS RESEARCH SOLUTIONS INC | 0.0% | $125.2k | 43,629 | – | new | |
| 40 | DIBS 1STDIBS COM INC | 0.0% | $119.6k | 43,504 | – | new | |
| 41 | BTMD BIOTE CORP | 0.0% | $115.0k | 28,595 | – | new | |
| 42 | GMGIEUR GOLDEN MATRIX GROUP INC | 0.0% | $90.5k | 53,215 | – | new |
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.