Q3 2025 · 13F-HR
Topline Capital Management, LLCholdings as filed
Filed 2025-11-14 · accession 0001792549-25-000006
$581.6M
Reported value
42
Positions
2025-09-30
Period end
The Brief · Topline Capital Management, LLC · Q3 2025
AI · grounded in 13F
Topline Capital Management, LLC established a new position in Green Dot Corp GDOT valued at $61.97M. The fund also initiated new stakes in Cognyte Software Ltd CGNT for $60.44M and Nutex Health Inc NUTX for $57.50M. Additional new positions include NerdWallet Inc NRDS at $56.50M and PRA Group Inc PRAA at $40.39M.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 39304D102 | GDOT | GREEN DOT CORP | $62.0M | 10.7% | 4,614,562 | Common | SOLE |
| M25133105 | CGNT | COGNYTE SOFTWARE LTD | $60.4M | 10.4% | 7,195,619 | Common | SOLE |
| 67079U306 | NUTX | NUTEX HEALTH INC | $57.5M | 9.89% | 556,567 | Common | SOLE |
| 64082B102 | NRDS | NERDWALLET INC | $56.5M | 9.71% | 5,251,145 | Common | SOLE |
| 69354N106 | PRAA | PRA GROUP INC | $40.4M | 6.94% | 2,615,711 | Common | SOLE |
| 70451A104 | PAYS | PAYSIGN INC | $34.3M | 5.89% | 5,445,188 | Common | SOLE |
| 358054104 | FRSH | FRESHWORKS INC | $32.5M | 5.60% | 2,765,000 | Common | SOLE |
| 09239B109 | BL | BLACKLINE INC | $30.3M | 5.20% | 569,937 | Common | SOLE |
| 23285D109 | CTKB | CYTEK BIOSCIENCES INC | $24.1M | 4.14% | 6,944,280 | Common | SOLE |
| 126327105 | LAW | CS DISCO INC | $20.7M | 3.56% | 3,206,003 | Common | SOLE |
| 904708104 | UNF | UNIFIRST CORP MASS | $20.5M | 3.52% | 122,381 | Common | SOLE |
| 85209W109 | SPT | SPROUT SOCIAL INC | $17.6M | 3.02% | 1,358,712 | Common | SOLE |
| 759910102 | KRMD | KORU MEDICAL SYSTEMS INC | $14.0M | 2.40% | 3,648,240 | Common | SOLE |
| 62548M209 | CTEV | CLARITEV CORPORATION | $10.7M | 1.84% | 201,782 | Common | SOLE |
| 606710200 | MITK | MITEK SYS INC | $10.3M | 1.77% | 1,055,608 | Common | SOLE |
| 25609L105 | DCBO | DOCEBO INC | $8.8M | 1.52% | 323,219 | Common | SOLE |
| 68384X209 | OPXS | OPTEX SYS HLDGS INC | $8.8M | 1.51% | 679,363 | Common | SOLE |
| 46520M204 | ACCS | ACCESS NEWSWIRE INC | $7.6M | 1.31% | 709,264 | Common | SOLE |
| 29402E102 | ELA | ENVELA CORP | $6.7M | 1.16% | 862,918 | Common | SOLE |
| 15687V109 | CERT | CERTARA INC | $6.7M | 1.15% | 546,471 | Common | SOLE |
| 45816D100 | 35Y | CORECARD CORPORATION | $6.4M | 1.10% | 238,675 | Common | SOLE |
| 68287N100 | OSPN | ONESPAN INC | $5.5M | 0.95% | 349,203 | Common | SOLE |
| 47973J102 | JYNT | JOINT CORP | $4.1M | 0.71% | 430,451 | Common | SOLE |
| 45817G201 | IDN | INTELLICHECK INC | $4.0M | 0.69% | 767,302 | Common | SOLE |
| M5425M103 | INMD | INMODE LTD | $3.9M | 0.68% | 264,770 | Common | SOLE |
| 81686C104 | 628 | SEMRUSH HLDGS INC | $3.9M | 0.67% | 554,126 | Common | SOLE |
| 62878D100 | NABL | N-ABLE INC | $3.5M | 0.61% | 454,495 | Common | SOLE |
| 640671400 | NEPH | NEPHROS INC | $2.8M | 0.48% | 596,300 | Common | SOLE |
| 42727E103 | HGBL | HERITAGE GLOBAL INC | $2.8M | 0.48% | 1,678,507 | Common | SOLE |
| 92557A101 | DSP | VIANT TECHNOLOGY INC | $2.1M | 0.37% | 249,084 | Common | SOLE |
| 64115A402 | NTWK | NETSOL TECHNOLOGIES INC | $2.1M | 0.37% | 447,329 | Common | SOLE |
| 47074L105 | JAMF | JAMF HLDG CORP | $1.8M | 0.31% | 166,581 | Common | SOLE |
| 76029L100 | RPAY | REPAY HLDGS CORP | $1.6M | 0.27% | 303,638 | Common | SOLE |
| 74019L602 | PRPO | PRECIPIO INC | $1.2M | 0.20% | 65,096 | Common | SOLE |
| 82728C102 | SVCO | SILVACO GROUP INC | $921,285 | 0.16% | 170,293 | Common | SOLE |
| 761025105 | RSSS | RESEARCH SOLUTIONS INC | $913,581 | 0.16% | 244,928 | Common | SOLE |
| G51405101 | CRGO | FREIGHTOS LTD | $887,858 | 0.15% | 269,048 | Common | SOLE |
| 98139A105 | WK | WORKIVA INC | $729,184 | 0.13% | 8,471 | Common | SOLE |
| 381098300 | GMGIEUR | GOLDEN MATRIX GROUP INC | $705,017 | 0.12% | 623,909 | Common | SOLE |
| 320551104 | DIBS | 1STDIBS COM INC | $497,578 | 0.09% | 192,115 | Common | SOLE |
| 740444104 | PLPC | PREFORMED LINE PRODS CO | $412,700 | 0.07% | 2,104 | Common | SOLE |
| 682095104 | OFLX | OMEGA FLEX INC | $342,255 | 0.06% | 10,975 | 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.