Q2 2025 · 13F-HR
Topline Capital Management, LLCholdings as filed
Filed 2025-08-14 · accession 0001085146-25-005251
$583.5M
Reported value
42
Positions
2025-06-30
Period end
The Brief · Topline Capital Management, LLC · Q2 2025
AI · grounded in 13F
Topline Capital Management, LLC established a new position in Cognyte Software Ltd CGNT valued at $64.9M. The fund also initiated new stakes in NerdWallet Inc NRDS for $57.6M and Green Dot Corp GDOT for $53.5M. Additional new positions include Blackline Inc BL at $47.3M and Paysign Inc PAYS at $39M.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| M25133105 | CGNT | COGNYTE SOFTWARE LTD | $64.9M | 11.1% | 7,027,290 | Common | SOLE |
| 64082B102 | NRDS | NERDWALLET INC | $57.6M | 9.87% | 5,251,145 | Common | SOLE |
| 39304D102 | GDOT | GREEN DOT CORP | $53.5M | 9.17% | 4,965,286 | Common | SOLE |
| 09239B109 | BL | BLACKLINE INC | $47.3M | 8.11% | 835,372 | Common | SOLE |
| 70451A104 | PAYS | PAYSIGN INC | $39.0M | 6.69% | 5,421,737 | Common | SOLE |
| 67079U306 | NUTX | NUTEX HEALTH INC | $38.5M | 6.60% | 309,131 | Common | SOLE |
| 69354N106 | PRAA | PRA GROUP INC | $33.2M | 5.69% | 2,250,629 | Common | SOLE |
| G7T16G103 | S3P | SAPIENS INTL CORP N V | $30.3M | 5.20% | 1,037,075 | Common | SOLE |
| 358054104 | FRSH | FRESHWORKS INC | $28.8M | 4.94% | 1,933,213 | Common | SOLE |
| 782011100 | RSI | RUSH STREET INTERACTIVE INC | $26.9M | 4.61% | 1,807,124 | Common | SOLE |
| 71377E105 | PFMTUSD | PERFORMANT HEALTHCARE INC | $21.8M | 3.74% | 5,462,442 | Common | SOLE |
| 23285D109 | CTKB | CYTEK BIOSCIENCES INC | $17.8M | 3.05% | 5,231,260 | Common | SOLE |
| 904708104 | UNF | UNIFIRST CORP MASS | $14.0M | 2.41% | 74,562 | Common | SOLE |
| 126327105 | LAW | CS DISCO INC | $13.0M | 2.22% | 2,965,268 | Common | SOLE |
| 759910102 | KRMD | KORU MEDICAL SYSTEMS INC | $12.9M | 2.21% | 3,608,347 | Common | SOLE |
| 62548M209 | CTEV | CLARITEV CORPORATION | $11.0M | 1.89% | 243,935 | Common | SOLE |
| 46520M204 | ACCS | ACCESS NEWSWIRE INC | $8.7M | 1.50% | 709,264 | Common | SOLE |
| 68384X209 | OPXS | OPTEX SYS HLDGS INC | $7.9M | 1.36% | 691,256 | Common | SOLE |
| G6964L206 | PSFE | PAYSAFE LIMITED | $7.8M | 1.34% | 620,000 | Common | SOLE |
| 29402E102 | ELA | ENVELA CORP | $5.3M | 0.90% | 862,433 | Common | SOLE |
| 606710200 | MITK | MITEK SYS INC | $5.2M | 0.90% | 528,766 | Common | SOLE |
| 47973J102 | JYNT | JOINT CORP | $5.2M | 0.89% | 449,204 | Common | SOLE |
| 45817G201 | IDN | INTELLICHECK INC | $4.8M | 0.83% | 894,649 | Common | SOLE |
| 98139A105 | WK | WORKIVA INC | $4.0M | 0.68% | 58,000 | Common | SOLE |
| 45816D100 | 35Y | CORECARD CORPORATION | $3.7M | 0.64% | 128,894 | Common | SOLE |
| 42727E103 | HGBL | HERITAGE GLOBAL INC | $3.7M | 0.64% | 1,678,507 | Common | SOLE |
| 81730H109 | S | SENTINELONE INC | $3.2M | 0.55% | 175,269 | Common | SOLE |
| 452327109 | ILMN | ILLUMINA INC | $2.3M | 0.40% | 24,600 | Common | SOLE |
| 30219Q106 | EXFY | EXPENSIFY INC | $2.0M | 0.34% | 776,796 | Common | SOLE |
| 640671400 | NEPH | NEPHROS INC | $2.0M | 0.33% | 477,449 | Common | SOLE |
| 25609L105 | DCBO | DOCEBO INC | $1.6M | 0.27% | 55,257 | Common | SOLE |
| 64115A402 | NTWK | NETSOL TECHNOLOGIES INC | $1.5M | 0.25% | 467,750 | Common | SOLE |
| 82728C102 | SVCO | SILVACO GROUP INC | $1.1M | 0.19% | 232,290 | Common | SOLE |
| 84863V101 | FLYYQ | SPIRIT AVIATION HLDGS INC | $1.0M | 0.17% | 202,457 | Common | SOLE |
| G51405101 | CRGO | FREIGHTOS LTD | $657,791 | 0.11% | 270,696 | Common | SOLE |
| 228895108 | CCEL | CRYO-CELL INTL INC | $210,470 | 0.04% | 40,553 | Common | SOLE |
| 45784A104 | INNV | INNOVAGE HLDG CORP | $160,065 | 0.03% | 43,378 | Common | SOLE |
| M5425M103 | INMD | INMODE LTD | $159,519 | 0.03% | 11,047 | Common | SOLE |
| 761025105 | RSSS | RESEARCH SOLUTIONS INC | $125,215 | 0.02% | 43,629 | Common | SOLE |
| 320551104 | DIBS | 1STDIBS COM INC | $119,636 | 0.02% | 43,504 | Common | SOLE |
| 090683103 | BTMD | BIOTE CORP | $114,952 | 0.02% | 28,595 | Common | SOLE |
| 381098300 | GMGIEUR | GOLDEN MATRIX GROUP INC | $90,466 | 0.02% | 53,215 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.