Topline Capital Management, LLC

Adviser

CIK

1792549

Location

SANTA MONICA, CA

Portfolio Value

Small $385,685,154

Diversification

Diversified

Filing Date

Global Rank

#4,375 / 8,807 ▼ 1474

Top Industry

Credit Services 18.9%

3Y Alpha vs SPY

+3.0%

Period ended 4 months ago

Filed Aug 14, 2026 · 2mo

7 quarters · since Dec 2024

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Adviser

Schedule 13G, Feb 13, 2026

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2026, never from the firm's own description.

Style

Concentrated

The top 10 positions are 80.9% of the book (60%+)

Turnover

Medium turnover

32.4% over the last four quarters (30% to under 100%)

Horizon

Medium horizon

Value-weighted holding period 5.6 quarters (4 to under 12)

Closest benchmark: the Russell 2000 as of 2026-06-30, active share 99.5%; sector active share 30.8% against the combined 13F book's sector weights.

Over time 7 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

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Portfolio Concentration

36 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

18.9%

+7.8 pts

Top 5

56.7%

+10.5 pts

Top 10

80.9%

+10.5 pts

HHI

883

Diversified+268

Portfolio Trend

7 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Technology	36.4%	$140,497,752	12
Financial Services	19.5%	$75,183,332	2
Communication Services	18.1%	$69,931,698	4
Healthcare	15.4%	$59,546,735	7
Consumer Cyclical	3.8%	$14,527,016	2
Industrials	3.6%	$13,718,909	7
Consumer Defensive	3.0%	$11,699,364	1
Basic Materials	0.2%	$580,348	1

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

2 positions

Ticker	Company	Δ Shares	Shares	Value
ZVIA	Zevia PBC	+428,860	7,177,524	$11,699,364
MRDN	Meridian Holdings Inc./NV	+46,174	186,440	$2,595,244
No positions match the current search.

Trimmed

Positions the filer reduced

21 positions

Ticker	Company	Δ Shares	Shares	Value
FRSH	Freshworks Inc.	−5,906,726	10,860	$109,903
SPT	Sprout Social, Inc.	−2,224,030	501,772	$3,788,378
NRDS	Nerdwallet, Inc.	−1,961,860	3,289,285	$30,425,886
DV	DoubleVerify Holdings, Inc.	−1,808,377	3,214,515	$34,845,342
CGNT	Cognyte Software Ltd.	−1,768,729	3,143,271	$27,597,919
S	SentinelOne, Inc.	−1,651,962	128,038	$2,172,804
MITK	Mitek Systems Inc	−1,518,076	93,985	$1,891,918
LAW	CS Disco, Inc.	−1,156,449	1,466,665	$5,543,993
CTKB	Cytek Biosciences, Inc.	−781,031	6,283,450	$27,835,683
RSSS	Research Solutions, Inc.	−449,747	11,430	$26,517
ELA	Envela Corp	−366,799	413,150	$11,931,772
DCBO	Docebo Inc.	−214,177	664,727	$11,898,613
WK	Workiva Inc	−178,989	871,101	$42,257,109
KRMD	KORU Medical Systems, Inc.	−141,069	3,373,842	$14,170,136
NUTX	Nutex Health Inc.	−136,036	41,764	$7,137,049
SLP	Simulations Plus, Inc.	−133,730	84,412	$1,545,583
OPXS	Optex Systems Holdings Inc	−130,000	449,363	$6,304,562
DIBS	1stdibs.com, Inc.	−63,387	10,256	$50,254
NABL	N-able, Inc.	−49,981	1,902,005	$6,980,358
NEPH	Nephros Inc	−46,269	535,698	$1,912,441
TRC	Tejon Ranch Co	−9,109	85,229	$1,593,782
No positions match the current search.

New Positions

Positions the filer opened this quarter

9 positions

Ticker	Company	Shares	Value
NPK	National Presto Industries Inc	32,282	$4,034,927
ATRC	AtriCure, Inc.	138,490	$3,874,950
CERS	Cerus Corp	1,051,676	$3,070,893
SIF	Sifco Industries Inc	35,610	$833,274
SMID	Smith Midland Corp	20,012	$580,348
PPIH	Perma-Pipe International Holdings, Inc.	16,561	$450,956
TAYD	Taylor Devices, Inc.	4,427	$259,776
IA	Innovative Solutions & Support Inc	13,424	$241,632
MLAB	Mesa Laboratories Inc /Co/	2,374	$236,331
No positions match the current search.

Sold Out

Positions the filer fully exited

16 positions

Ticker	Company	Shares	Value
MNDY	monday.com Ltd.	363,974	$25,154,243
UNF	Unifirst Corp	40,318	$10,143,605
CERT	Certara, Inc.	749,497	$4,272,132
PLTK	Playtika Holding Corp.	915,621	$2,545,426
INMD	InMode Ltd.	181,649	$2,484,958
DSP	Viant Technology Inc.	193,886	$2,171,523
QTRX	Quanterix Corp	563,135	$1,982,235
TTD	Trade Desk, Inc.	59,572	$1,351,688
TENB	Tenable Holdings, Inc.	69,904	$1,182,775
NPCE	NeuroPace Inc	80,945	$1,064,426
JRVR	James River Group Holdings, Inc.	164,194	$1,034,422
PRPO	Precipio, Inc.	24,624	$615,600
CRCT	Cricut, Inc.	123,061	$460,248
NTWK	Netsol Technologies Inc	78,375	$265,691
SOTK	Sono Tek Corp	35,159	$142,745
SSTI	Soundthinking, Inc.	12,722	$84,219
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

36 tracked positions · $385,685,154 total · filing declares 36 positions · $385,685,170 · as of Jun 30, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Financial Services Healthcare Industrials Technology

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
PRAA	Pra Group Inc Financial Services	Held	3,845,334	0	$73,022,892	+8.5%	6	$16.91	18.93%
WK	Workiva Inc Technology	Reduced	871,101	-178,989	$42,257,109	−32.5%	5	$74.74	10.96%
PAYS	Paysign, Inc. Technology	Held	4,639,061	0	$37,993,909	+38.8%	7	before history	9.85%
DV	DoubleVerify Holdings, Inc. Communication Services	Reduced	3,214,515	-1,808,377	$34,845,342	−27.0%	3	$11.03	9.03%
NRDS	Nerdwallet, Inc. Communication Services	Reduced	3,289,285	-1,961,860	$30,425,886	−44.2%	7	before history	7.89%
CTKB	Cytek Biosciences, Inc. Healthcare	Reduced	6,283,450	-781,031	$27,835,683	−9.8%	7	before history	7.22%
CGNT	Cognyte Software Ltd. Technology	Reduced	3,143,271	-1,768,729	$27,597,919	−30.6%	7	before history	7.16%
KRMD	KORU Medical Systems, Inc. Healthcare	Reduced	3,373,842	-141,069	$14,170,136	−6.7%	7	before history	3.67%
ELA	Envela Corp Consumer Cyclical	Reduced	413,150	-366,799	$11,931,772	−8.2%	7	before history	3.09%
DCBO	Docebo Inc. Technology	Reduced	664,727	-214,177	$11,898,613	−22.5%	5	$26.06	3.09%
ZVIA	Zevia PBC Consumer Defensive	Added	7,177,524	+428,860	$11,699,364	+48.2%	3	$2.21	3.03%
NUTX	Nutex Health Inc. Healthcare	Reduced	41,764	-136,036	$7,137,049	−57.8%	7	before history	1.85%
NABL	N-able, Inc. Technology	Reduced	1,902,005	-49,981	$6,980,358	−23.4%	4	$7.13	1.81%
OPXS	Optex Systems Holdings Inc Industrials	Reduced	449,363	-130,000	$6,304,562	−17.7%	7	before history	1.63%
LAW	CS Disco, Inc. Technology	Reduced	1,466,665	-1,156,449	$5,543,993	−44.7%	7	before history	1.44%
ACCS	ACCESS Newswire Inc. Communication Services	Held	709,264	0	$4,610,216	−26.6%	7	before history	1.20%
NPK	National Presto Industries Inc Industrials	NEW	32,282	NEW	$4,034,927	NEW	1	$135.61	1.05%
ATRC	AtriCure, Inc. Healthcare	NEW	138,490	NEW	$3,874,950	NEW	1	$28.14	1.00%
SPT	Sprout Social, Inc. Technology	Reduced	501,772	-2,224,030	$3,788,378	−75.6%	4	$13.40	0.98%
CERS	Cerus Corp Healthcare	NEW	1,051,676	NEW	$3,070,893	NEW	1	$2.43	0.80%
MRDN	Meridian Holdings Inc./NV Consumer Cyclical	Added	186,440	+46,174	$2,595,244	+156.3%	2	unpriced	0.67%
S	SentinelOne, Inc. Technology	Reduced	128,038	-1,651,962	$2,172,804	−90.5%	3	$16.38	0.56%
HGBL	Heritage Global Inc. Financial Services	Held	1,785,488	0	$2,160,440	−11.0%	7	before history	0.56%
NEPH	Nephros Inc Healthcare	Reduced	535,698	-46,269	$1,912,441	+10.3%	7	before history	0.50%
MITK	Mitek Systems Inc Technology	Reduced	93,985	-1,518,076	$1,891,918	−91.3%	5	$9.42	0.49%
TRC	Tejon Ranch Co Industrials	Reduced	85,229	-9,109	$1,593,782	−10.3%	3	$16.15	0.41%
SLP	Simulations Plus, Inc. Healthcare	Reduced	84,412	-133,730	$1,545,583	−40.1%	2	$14.74	0.40%
SIF	Sifco Industries Inc Industrials	NEW	35,610	NEW	$833,274	NEW	1	$18.22	0.22%
SMID	Smith Midland Corp Basic Materials	NEW	20,012	NEW	$580,348	NEW	1	$31.11	0.15%
PPIH	Perma-Pipe International Holdings, Inc. Industrials	NEW	16,561	NEW	$450,956	NEW	1	$30.88	0.12%
TAYD	Taylor Devices, Inc. Industrials	NEW	4,427	NEW	$259,776	NEW	1	$54.10	0.07%
IA	Innovative Solutions & Support Inc Industrials	NEW	13,424	NEW	$241,632	NEW	1	$19.35	0.06%
MLAB	Mesa Laboratories Inc /Co/ Technology	NEW	2,374	NEW	$236,331	NEW	1	$100.66	0.06%
FRSH	Freshworks Inc. Technology	Reduced	10,860	-5,906,726	$109,903	−99.8%	7	before history	0.03%
DIBS	1stdibs.com, Inc. Communication Services	Reduced	10,256	-63,387	$50,254	−87.6%	5	$2.69	0.01%
RSSS	Research Solutions, Inc. Technology	Reduced	11,430	-449,747	$26,517	−97.5%	5	$3.07	0.01%

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.