Q4 2025 · 13F-HR
Topline Capital Management, LLCholdings as filed
Filed 2026-02-17 · accession 0001792549-26-000021
$1.11B
Reported value
49
Positions
2025-12-31
Period end
The Brief · Topline Capital Management, LLC · Q4 2025
AI · grounded in 13F
Topline Capital Management, LLC established a new position in S worth $114.2M. The fund also opened new stakes in DV for $96.7M and MNDY for $69.1M. On the sell side, the fund closed its positions in 35Y, JYNT, and 628.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 81730H109 | S | SENTINELONE INC | $114.2M | 10.3% | 7,612,982 | Common | SOLE |
| 67079U306 | NUTX | NUTEX HEALTH INC | $111.2M | 10.1% | 675,494 | Common | SOLE |
| 25862V105 | DV | DOUBLEVERIFY HLDGS INC | $96.7M | 8.75% | 8,453,543 | Common | SOLE |
| 358054104 | FRSH | FRESHWORKS INC | $76.2M | 6.90% | 6,223,651 | Common | SOLE |
| 64082B102 | NRDS | NERDWALLET INC | $71.2M | 6.44% | 5,251,145 | Common | SOLE |
| M7S64H106 | MNDY | MONDAY COM LTD | $69.1M | 6.25% | 468,000 | Common | SOLE |
| M25133105 | CGNT | COGNYTE SOFTWARE LTD | $68.0M | 6.16% | 7,238,153 | Common | SOLE |
| 69354N106 | PRAA | PRA GROUP INC | $51.6M | 4.67% | 2,918,487 | Common | SOLE |
| 39304D102 | GDOT | GREEN DOT CORP | $42.5M | 3.84% | 3,315,574 | Common | SOLE |
| 23285D109 | CTKB | CYTEK BIOSCIENCES INC | $37.6M | 3.40% | 7,442,466 | Common | SOLE |
| 85209W109 | SPT | SPROUT SOCIAL INC | $32.6M | 2.95% | 2,889,410 | Common | SOLE |
| 904708104 | UNF | UNIFIRST CORP MASS | $30.5M | 2.76% | 158,117 | Common | SOLE |
| 70451A104 | PAYS | PAYSIGN INC | $28.3M | 2.56% | 5,504,288 | Common | SOLE |
| 126327105 | LAW | CS DISCO INC | $25.7M | 2.33% | 3,317,374 | Common | SOLE |
| 98139A105 | WK | WORKIVA INC | $24.9M | 2.25% | 288,250 | Common | SOLE |
| 759910102 | KRMD | KORU MEDICAL SYSTEMS INC | $22.9M | 2.07% | 3,941,014 | Common | SOLE |
| 606710200 | MITK | MITEK SYS INC | $20.1M | 1.82% | 1,909,722 | Common | SOLE |
| 25609L105 | DCBO | DOCEBO INC | $19.3M | 1.75% | 871,299 | Common | SOLE |
| 15687V109 | CERT | CERTARA INC | $17.5M | 1.59% | 1,990,927 | Common | SOLE |
| 452327109 | ILMN | ILLUMINA INC | $14.4M | 1.31% | 110,076 | Common | SOLE |
| 09239B109 | BL | BLACKLINE INC | $13.1M | 1.19% | 237,173 | Common | SOLE |
| 98955K104 | ZVIA | ZEVIA PBC | $11.9M | 1.08% | 5,121,790 | Common | SOLE |
| 29402E102 | ELA | ENVELA CORP | $11.4M | 1.03% | 851,763 | Common | SOLE |
| 62878D100 | NABL | N-ABLE INC | $10.4M | 0.94% | 1,387,181 | Common | SOLE |
| 68384X209 | OPXS | OPTEX SYS HLDGS INC | $9.5M | 0.86% | 672,934 | Common | SOLE |
| 68287N100 | OSPN | ONESPAN INC | $8.7M | 0.79% | 680,433 | Common | SOLE |
| M5425M103 | INMD | INMODE LTD | $8.7M | 0.79% | 592,461 | Common | SOLE |
| 62548M209 | CTEV | CLARITEV CORPORATION | $8.4M | 0.76% | 196,718 | Common | SOLE |
| 852312305 | STAA | STAAR SURGICAL CO | $6.9M | 0.62% | 297,672 | Common | SOLE |
| 46520M204 | ACCS | ACCESS NEWSWIRE INC | $6.6M | 0.60% | 709,264 | Common | SOLE |
| 45817G201 | IDN | INTELLICHECK INC | $5.1M | 0.46% | 761,026 | Common | SOLE |
| 92557A101 | DSP | VIANT TECHNOLOGY INC | $4.4M | 0.40% | 368,959 | Common | SOLE |
| 82536T107 | SSTI | SOUNDTHINKING INC | $4.4M | 0.40% | 545,666 | Common | SOLE |
| 22658D100 | CRCT | CRICUT INC | $3.2M | 0.29% | 644,621 | Common | SOLE |
| 640671400 | NEPH | NEPHROS INC | $3.0M | 0.27% | 614,302 | Common | SOLE |
| 42727E103 | HGBL | HERITAGE GLOBAL INC | $2.3M | 0.21% | 1,850,964 | Common | SOLE |
| 298736109 | EEFT | EURONET WORLDWIDE INC | $1.7M | 0.16% | 22,515 | Common | SOLE |
| 761025105 | RSSS | RESEARCH SOLUTIONS INC | $1.6M | 0.15% | 554,506 | Common | SOLE |
| 64115A402 | NTWK | NETSOL TECHNOLOGIES INC | $1.3M | 0.12% | 441,264 | Common | SOLE |
| 879080109 | TRC | TEJON RANCH CO | $1.3M | 0.11% | 80,273 | Common | SOLE |
| 74019L602 | PRPO | PRECIPIO INC | $1.1M | 0.10% | 48,896 | Common | SOLE |
| 381098300 | GMGIEUR | GOLDEN MATRIX GROUP INC | $1.1M | 0.10% | 1,396,108 | Common | SOLE |
| 157085101 | CERS | CERUS CORP | $846,584 | 0.08% | 410,963 | Common | SOLE |
| 320551104 | DIBS | 1STDIBS COM INC | $817,719 | 0.07% | 136,514 | Common | SOLE |
| G51405101 | CRGO | FREIGHTOS LTD | $813,582 | 0.07% | 356,834 | Common | SOLE |
| 835483108 | SOTK | SONO TEK CORP | $701,584 | 0.06% | 169,875 | Common | SOLE |
| 346563109 | FORR | FORRESTER RESH INC | $529,164 | 0.05% | 65,168 | Common | SOLE |
| 638842302 | NAII | NATURAL ALTERNATIVES INTL IN | $392,021 | 0.04% | 109,503 | Common | SOLE |
| 48563L101 | KRT | KARAT PACKAGING INC | $316,477 | 0.03% | 14,022 | 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.