Q1 2025 · 13F-HR
Topline Capital Management, LLCholdings as filed
Filed 2025-05-14 · accession 0001085146-25-003150
$436.8M
Reported value
38
Positions
2025-03-31
Period end
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| M25133105 | CGNT | COGNYTE SOFTWARE LTD | $55.4M | 12.7% | 7,099,650 | Common | SOLE |
| 64082B102 | NRDS | NERDWALLET INC | $47.5M | 10.9% | 5,251,145 | Common | SOLE |
| 09239B109 | BL | BLACKLINE INC | $44.3M | 10.1% | 914,000 | Common | SOLE |
| 39304D102 | GDOT | GREEN DOT CORP | $39.1M | 8.95% | 4,633,469 | Common | SOLE |
| G6964L206 | PSFE | PAYSAFE LIMITED | $31.6M | 7.24% | 2,016,445 | Common | SOLE |
| G7T16G103 | S3P | SAPIENS INTL CORP N V | $25.6M | 5.86% | 945,377 | Common | SOLE |
| 782011100 | RSI | RUSH STREET INTERACTIVE INC | $25.4M | 5.81% | 2,366,875 | Common | SOLE |
| 358054104 | FRSH | FRESHWORKS INC | $21.4M | 4.91% | 1,520,000 | Common | SOLE |
| 71377E105 | PFMTUSD | PERFORMANT HEALTHCARE INC | $17.6M | 4.03% | 5,942,510 | Common | SOLE |
| 69354N106 | PRAA | PRA GROUP INC | $17.3M | 3.96% | 838,922 | Common | SOLE |
| 70451A104 | PAYS | PAYSIGN INC | $11.3M | 2.59% | 5,336,146 | Common | SOLE |
| 759910102 | KRMD | KORU MEDICAL SYSTEMS INC | $9.7M | 2.22% | 3,821,230 | Common | SOLE |
| 904708104 | UNF | UNIFIRST CORP MASS | $8.5M | 1.95% | 48,961 | Common | SOLE |
| 67079U306 | NUTX | NUTEX HEALTH INC | $8.5M | 1.93% | 179,713 | Common | SOLE |
| 126327105 | LAW | CS DISCO INC | $7.3M | 1.67% | 1,784,222 | Common | SOLE |
| 46520M204 | ACCS | ACCESS NEWSWIRE INC | $6.3M | 1.43% | 709,264 | Common | SOLE |
| 45816D100 | 35Y | CORECARD CORPORATION | $6.0M | 1.37% | 320,817 | Common | SOLE |
| 23285D109 | CTKB | CYTEK BIOSCIENCES INC | $5.9M | 1.35% | 1,470,775 | Common | SOLE |
| 62548M209 | CTEV | CLARITEV CORPORATION | $5.7M | 1.31% | 278,257 | Common | SOLE |
| 17878Y207 | CVEO | CIVEO CORP CDA | $4.9M | 1.12% | 212,823 | Common | SOLE |
| 47973J102 | JYNT | JOINT CORP | $4.7M | 1.08% | 378,294 | Common | SOLE |
| 29402E102 | ELA | ENVELA CORP | $4.7M | 1.08% | 754,963 | Common | SOLE |
| 68384X209 | OPXS | OPTEX SYS HLDGS INC | $4.4M | 1.01% | 779,901 | Common | SOLE |
| 42727E103 | HGBL | HERITAGE GLOBAL INC | $3.7M | 0.85% | 1,694,744 | Common | SOLE |
| 45817G201 | IDN | INTELLICHECK INC | $3.1M | 0.70% | 1,014,507 | Common | SOLE |
| 30219Q106 | EXFY | EXPENSIFY INC | $2.9M | 0.66% | 941,609 | Common | SOLE |
| G3R239101 | GAMB | GAMBLING COM GROUP LIMITED | $2.8M | 0.65% | 225,000 | Common | SOLE |
| 74766Q101 | QTRX | QUANTERIX CORP | $2.5M | 0.58% | 386,037 | Common | SOLE |
| 452327109 | ILMN | ILLUMINA INC | $2.2M | 0.49% | 27,200 | Common | SOLE |
| 29430C102 | VSTS | VESTIS CORPORATION | $1.3M | 0.29% | 130,000 | Common | SOLE |
| 64115A402 | NTWK | NETSOL TECHNOLOGIES INC | $1.2M | 0.27% | 487,750 | Common | SOLE |
| G17766109 | CMBMF | CAMBIUM NETWORKS CORP | $995,757 | 0.23% | 1,411,420 | Common | SOLE |
| 81686C104 | 628 | SEMRUSH HLDGS INC | $927,645 | 0.21% | 99,426 | Common | SOLE |
| 640671400 | NEPH | NEPHROS INC | $725,993 | 0.17% | 422,089 | Common | SOLE |
| 62878D100 | NABL | N-ABLE INC | $721,684 | 0.17% | 101,789 | Common | SOLE |
| 228895108 | CCEL | CRYO-CELL INTL INC | $304,429 | 0.07% | 47,791 | Common | SOLE |
| 45784A104 | INNV | INNOVAGE HLDG CORP | $209,026 | 0.05% | 70,143 | Common | SOLE |
| 36269P104 | GAIA | GAIA INC NEW | $176,884 | 0.04% | 45,944 | 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.