Topline Capital Management, LLC

CIK

1792549

Location

SANTA MONICA, CA

Portfolio Value

Small $605,251,848

Diversification

Diversified

Filing Date

Global Rank

#2,361 / 8,592 ▼ 651

Top Industry

Software - Application 33.3%

3Y Alpha vs SPY

-17.0%

Period ended 3 months ago

Filed May 15, 2026 · 38d

6 quarters · since Dec 2024

Clone Performance

Feb 2025–Jun 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+0.4%

SPY

+24.3%

Annualised alpha

-17.2%

Max drawdown

−31.4%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

43 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

11.1%

+0.8 pts

Top 5

46.2%

+3.7 pts

Top 10

70.3%

+3.5 pts

HHI

616

Diversified+59

Portfolio Trend

6 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Technology	50.0%	$302,513,259	18
Communication Services	18.6%	$112,810,588	6
Healthcare	12.8%	$77,686,358	10
Financial Services	11.7%	$70,756,030	3
Industrials	3.2%	$19,583,007	3
Consumer Cyclical	2.3%	$14,006,670	2
Consumer Defensive	1.3%	$7,895,936	1

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

6 positions

Ticker	Company	Δ Shares	Shares	Value
ZVIA	Zevia PBC	+1,626,874	6,748,664	$7,895,936
PRAA	Pra Group Inc	+926,847	3,845,334	$67,293,345
WK	Workiva Inc	+761,840	1,050,090	$62,616,866
NABL	N-able, Inc.	+564,805	1,951,986	$9,115,774
TRC	Tejon Ranch Co	+14,065	94,338	$1,777,327
DCBO	Docebo Inc.	+7,605	878,904	$15,354,452
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
S	SentinelOne, Inc.	−5,832,982	1,780,000	$22,926,400
DV	DoubleVerify Holdings, Inc.	−3,430,651	5,022,892	$47,717,474
CGNT	Cognyte Software Ltd.	−2,326,153	4,912,000	$39,787,200
CERT	Certara, Inc.	−1,241,430	749,497	$4,272,132
PAYS	Paysign, Inc.	−865,227	4,639,061	$27,370,459
LAW	CS Disco, Inc.	−694,260	2,623,114	$10,020,295
SSTI	Soundthinking, Inc.	−532,944	12,722	$84,219
CRCT	Cricut, Inc.	−521,560	123,061	$460,248
NUTX	Nutex Health Inc.	−497,694	177,800	$16,898,112
KRMD	KORU Medical Systems, Inc.	−426,103	3,514,911	$15,184,415
INMD	InMode Ltd.	−410,812	181,649	$2,484,958
CTKB	Cytek Biosciences, Inc.	−377,985	7,064,481	$30,871,781
NTWK	Netsol Technologies Inc	−362,889	78,375	$265,691
FRSH	Freshworks Inc.	−306,065	5,917,586	$47,518,215
MITK	Mitek Systems Inc	−297,661	1,612,061	$21,762,823
DSP	Viant Technology Inc.	−175,073	193,886	$2,171,523
SPT	Sprout Social, Inc.	−163,608	2,725,802	$15,537,071
SOTK	Sono Tek Corp	−134,716	35,159	$142,745
UNF	Unifirst Corp	−117,799	40,318	$10,143,605
MNDY	monday.com Ltd.	−104,026	363,974	$25,154,243
OPXS	Optex Systems Holdings Inc	−93,571	579,363	$7,662,075
RSSS	Research Solutions, Inc.	−93,329	461,177	$1,042,260
ELA	Envela Corp	−71,814	779,949	$12,993,950
HGBL	Heritage Global Inc.	−65,476	1,785,488	$2,428,263
DIBS	1stdibs.com, Inc.	−62,871	73,643	$405,036
No positions match the current search.

New Positions

Positions the filer opened this quarter

8 positions

Ticker	Company	Shares	Value
SLP	Simulations Plus, Inc.	218,142	$2,578,438
PLTK	Playtika Holding Corp.	915,621	$2,545,426
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
MRDN	Meridian Holdings Inc./NV	140,266	$1,012,720
No positions match the current search.

Sold Out

Positions the filer fully exited

13 positions

Ticker	Company	Shares	Value
GDOT	Green Dot Corp	3,315,574	$42,472,502
ILMN	Illumina, Inc.	110,076	$14,437,568
BL	Blackline, Inc.	237,173	$13,113,295
OSPN	OneSpan Inc.	680,433	$8,736,759
CTEV	Claritev Corp	196,718	$8,409,694
STAA	Staar Surgical Co	297,672	$6,873,246
IDN	Intellicheck, Inc.	761,026	$5,083,653
EEFT	Euronet Worldwide, Inc.	22,515	$1,713,616
CERS	Cerus Corp	410,963	$846,583
CRGO	Freightos Ltd	356,834	$813,581
FORR	Forrester Research, Inc.	65,168	$529,164
NAII	Natural Alternatives International Inc	109,503	$392,020
KRT	Karat Packaging Inc.	14,022	$316,476
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

43 positions · $605,251,848 total · as of Mar 31, 2026

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

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
PRAA	Pra Group Inc Financial Services	Added	3,845,334	+926,847	$67,293,345	+30.3%	11.12%
WK	Workiva Inc Technology	Added	1,050,090	+761,840	$62,616,866	+151.9%	10.35%
NRDS	Nerdwallet, Inc. Communication Services	Held	5,251,145	0	$54,506,885	−23.4%	9.01%
DV	DoubleVerify Holdings, Inc. Communication Services	Reduced	5,022,892	-3,430,651	$47,717,474	−50.7%	7.88%
FRSH	Freshworks Inc. Technology	Reduced	5,917,586	-306,065	$47,518,215	−37.7%	7.85%
CGNT	Cognyte Software Ltd. Technology	Reduced	4,912,000	-2,326,153	$39,787,200	−41.5%	6.57%
CTKB	Cytek Biosciences, Inc. Healthcare	Reduced	7,064,481	-377,985	$30,871,781	−17.9%	5.10%
PAYS	Paysign, Inc. Technology	Reduced	4,639,061	-865,227	$27,370,459	−3.4%	4.52%
MNDY	monday.com Ltd. Technology	Reduced	363,974	-104,026	$25,154,243	−63.6%	4.16%
S	SentinelOne, Inc. Technology	Reduced	1,780,000	-5,832,982	$22,926,400	−79.9%	3.79%
MITK	Mitek Systems Inc Technology	Reduced	1,612,061	-297,661	$21,762,823	+8.0%	3.60%
NUTX	Nutex Health Inc. Healthcare	Reduced	177,800	-497,694	$16,898,112	−84.8%	2.79%
SPT	Sprout Social, Inc. Technology	Reduced	2,725,802	-163,608	$15,537,071	−52.3%	2.57%
DCBO	Docebo Inc. Technology	Added	878,904	+7,605	$15,354,452	−20.6%	2.54%
KRMD	KORU Medical Systems, Inc. Healthcare	Reduced	3,514,911	-4,367,117	$15,184,415	−66.8%	2.51%
ELA	Envela Corp Consumer Cyclical	Reduced	779,949	-71,814	$12,993,950	+14.0%	2.15%
UNF	Unifirst Corp Industrials	Reduced	40,318	-117,799	$10,143,605	−66.7%	1.68%
LAW	CS Disco, Inc. Technology	Reduced	2,623,114	-694,260	$10,020,295	−61.1%	1.66%
NABL	N-able, Inc. Technology	Added	1,951,986	+564,805	$9,115,774	−12.1%	1.51%
ZVIA	Zevia PBC Consumer Defensive	Added	6,748,664	+1,626,874	$7,895,936	−33.6%	1.30%
OPXS	Optex Systems Holdings Inc Industrials	Reduced	579,363	-93,571	$7,662,075	−19.7%	1.27%
ACCS	ACCESS Newswire Inc. Communication Services	Held	709,264	0	$6,284,079	−4.7%	1.04%
CERT	Certara, Inc. Healthcare	Reduced	749,497	-1,241,430	$4,272,132	−75.6%	0.71%
SLP	Simulations Plus, Inc. Healthcare	NEW	218,142	NEW	$2,578,438	NEW	0.43%
PLTK	Playtika Holding Corp. Communication Services	NEW	915,621	NEW	$2,545,426	NEW	0.42%
INMD	InMode Ltd. Healthcare	Reduced	181,649	-410,812	$2,484,958	−71.4%	0.41%
HGBL	Heritage Global Inc. Financial Services	Reduced	1,785,488	-65,476	$2,428,263	+5.8%	0.40%
DSP	Viant Technology Inc. Technology	Reduced	193,886	-175,073	$2,171,523	−51.1%	0.36%
QTRX	Quanterix Corp Healthcare	NEW	563,135	NEW	$1,982,235	NEW	0.33%
TRC	Tejon Ranch Co Industrials	Added	94,338	+14,065	$1,777,327	+40.4%	0.29%
NEPH	Nephros Inc Healthcare	Reduced	581,967	-32,335	$1,734,261	−42.1%	0.29%
TTD	Trade Desk, Inc. Communication Services	NEW	59,572	NEW	$1,351,688	NEW	0.22%
TENB	Tenable Holdings, Inc. Technology	NEW	69,904	NEW	$1,182,775	NEW	0.20%
NPCE	NeuroPace Inc Healthcare	NEW	80,945	NEW	$1,064,426	NEW	0.18%
RSSS	Research Solutions, Inc. Technology	Reduced	461,177	-93,329	$1,042,260	−36.1%	0.17%
JRVR	James River Group Holdings, Inc. Financial Services	NEW	164,194	NEW	$1,034,422	NEW	0.17%
MRDN	Meridian Holdings Inc./NV Consumer Cyclical	NEW	140,266	NEW	$1,012,720	NEW	0.17%
PRPO	Precipio, Inc. Healthcare	Reduced	24,624	-24,272	$615,600	−45.2%	0.10%
CRCT	Cricut, Inc. Technology	Reduced	123,061	-521,560	$460,248	−85.6%	0.08%
DIBS	1stdibs.com, Inc. Communication Services	Reduced	73,643	-62,871	$405,036	−50.5%	0.07%
NTWK	Netsol Technologies Inc Technology	Reduced	78,375	-362,889	$265,691	−80.1%	0.04%
SOTK	Sono Tek Corp Technology	Reduced	35,159	-134,716	$142,745	−79.7%	0.02%
SSTI	Soundthinking, Inc. Technology	Reduced	12,722	-532,944	$84,219	−98.1%	0.01%