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Topline Capital Management Portfolio holdings
AUM
$386M
Turnover
48.08%
1-Year Est. Return
2.37%
This Fund
S&P 500
This Quarter Est. Return
+10.93%
1 Year Est. Return
-2.37%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$386M
AUM Growth
-$220M
(-36%)
Cap. Flow
-$263M
Cap. Flow % of AUM
Cap. Flow %
-68.1%
Top 10 Holdings %
Top 10 Hldgs %
80.89%
Holding
52
New
9
Increased
2
Reduced
21
Closed
16
Avg Time Held
0.8
years
Top 10 Avg Time Held
0.6
years
Top 20 Avg Time Held
0.7
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
National Presto Industries
NPK
|
+$4.38M |
| 2 |
AtriCure
ATRC
|
+$3.9M |
| 3 |
Cerus
CERS
|
+$2.55M |
| 4 |
SIFCO Industries
SIF
|
+$649K |
| 5 |
Smith-Midland
SMID
|
+$623K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Freshworks
FRSH
|
+$52.6M |
| 2 |
SentinelOne
S
|
+$25.4M |
| 3 |
monday.com
MNDY
|
+$25.2M |
| 4 |
Mitek Systems
MITK
|
+$23.6M |
| 5 |
DoubleVerify
DV
|
+$18.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 36.43% |
| 2 | Financials | 19.49% |
| 3 | Communication Services | 16.94% |
| 4 | Healthcare | 15.44% |
| 5 | Industrials | 4.75% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
PRA Group
PRAA
$743M
| $73M | 18.93% |
3,845,334
| – | – |
2025 Q1
5 quarters
|
|
2
Workiva
WK
$4.61B
| $42.3M | 10.96% |
871,101
-178,989
| -17% | -$9.22M |
2025 Q2
4 quarters
|
|
3
Paysign
PAYS
$811M
| $38M | 9.85% |
4,639,061
| – | – |
2024 Q4
6 quarters
|
|
|
4
DoubleVerify
DV
$2.12B
| $34.8M | 9.03% |
3,214,515
-1,808,377
| -36% | -$18.6M |
2025 Q4
2 quarters
|
|
5
NerdWallet
NRDS
$704M
| $30.4M | 7.89% |
3,289,285
-1,961,860
| -37% | -$18.4M |
2024 Q4
6 quarters
|
|
6
Cytek Biosciences
CTKB
$750M
| $27.8M | 7.22% |
6,283,450
-781,031
| -11% | -$3.33M |
2024 Q4
6 quarters
|
|
7
Cognyte Software
CGNT
$671M
| $27.6M | 7.16% |
3,143,271
-1,768,729
| -36% | -$16.8M |
2024 Q4
6 quarters
|
|
8
KORU Medical Systems
KRMD
$141M
| $14.2M | 3.67% |
3,373,842
-141,069
| -4% | -$578K |
2024 Q4
6 quarters
|
|
9
Envela
ELA
$291M
| $11.9M | 3.09% |
413,150
-366,799
| -47% | -$8.17M |
2024 Q4
6 quarters
|
|
10
Docebo
DCBO
$736M
| $11.9M | 3.09% |
664,727
-214,177
| -24% | -$3.81M |
2025 Q2
4 quarters
|
|
11
Zevia
ZVIA
$80.1M
| $11.7M | 3.03% |
7,177,524
+428,860
| +6% | +$583K |
2025 Q4
2 quarters
|
|
12
Nutex Health
NUTX
$1.27B
| $7.14M | 1.85% |
41,764
-136,036
| -77% | -$17.2M |
2024 Q4
6 quarters
|
|
13
N-able
NABL
$956M
| $6.98M | 1.81% |
1,902,005
-49,981
| -3% | -$208K |
2025 Q3
3 quarters
|
|
14
Optex Systems
OPXS
$64.9M
| $6.3M | 1.63% |
449,363
-130,000
| -22% | -$1.53M |
2024 Q4
6 quarters
|
|
15
CS Disco
LAW
$334M
| $5.54M | 1.44% |
1,466,665
-1,156,449
| -44% | -$4.48M |
2024 Q4
6 quarters
|
|
16
ACCESS Newswire
ACCS
$13.6M
| $4.61M | 1.2% |
709,264
| – | – |
2024 Q4
6 quarters
|
|
|
17
National Presto Industries
NPK
$1.08B
| $4.03M | 1.05% |
+32,282
| New | +$4.38M |
2026 Q2
0 quarters
|
|
|
18
AtriCure
ATRC
$3.05B
| $3.87M | 1% |
+138,490
| New | +$3.9M |
2026 Q2
0 quarters
|
|
19
Sprout Social
SPT
$734M
| $3.79M | 0.98% |
501,772
-2,224,030
| -82% | -$14.5M |
2025 Q3
3 quarters
|
|
|
20
Cerus
CERS
$470M
| $3.07M | 0.8% |
+1,051,676
| New | +$2.55M |
2026 Q2
0 quarters
|
|
21
Meridian Holdings Inc
MRDN
$119M
| $2.6M | 0.67% |
186,440
+46,174
| +33% | +$482K |
2025 Q2
4 quarters
|
|
|
22
SentinelOne
S
$8.06B
| $2.17M | 0.56% |
128,038
-1,651,962
| -93% | -$25.4M |
2025 Q4
2 quarters
|
|
23
Heritage Global
HGBL
$43.3M
| $2.16M | 0.56% |
1,785,488
| – | – |
2024 Q4
6 quarters
|
|
24
Nephros
NEPH
$34.6M
| $1.91M | 0.5% |
535,698
-46,269
| -8% | -$150K |
2024 Q4
6 quarters
|
|
|
25
Mitek Systems
MITK
$813M
| $1.89M | 0.49% |
93,985
-1,518,076
| -94% | -$23.6M |
2025 Q2
4 quarters
|
|
Similar funds
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SC
Topline Capital Management's Q2 2026 Portfolio in Review
As of Q2 2026, Topline Capital Management held 52 positions worth $386M, down 36% from $605M the previous quarter. Its ten largest holdings account for 81% of the portfolio.
Topline Capital Management withdrew a net $263M in Q2 2026, closing 16 positions and reducing 21 holdings. Its most notable exit was monday.com, an estimated $25.2M position sold in full.
By sector, the portfolio is most concentrated in Technology at 36% of assets, down from 50% a quarter earlier, followed by Financials and Communication Services.
Against the trend, Topline Capital Management opened a new position in National Presto Industries worth $4.03M.
- Topline Capital Management's largest Q2 2026 buy was National Presto Industries: 32,282 shares worth $4.03M.
- Topline Capital Management added most to Zevia in Q2 2026, an estimated $583K increase.
- Topline Capital Management's biggest Q2 2026 reduction was Freshworks, cutting an estimated $52.6M.
- Topline Capital Management fully exited monday.com in Q2 2026, selling an estimated $25.2M.
- Topline Capital Management's ten largest holdings make up 81% of its $386M portfolio in Q2 2026.
- Topline Capital Management opened 9 new positions and closed 16 in Q2 2026.
- Topline Capital Management's portfolio value fell 36% quarter-over-quarter to $386M.
Based on Topline Capital Management's 13F filing for Q2 2026, filed 14 Aug 2026.