Potomac Capital Management, Inc. — 13F Holdings & Portfolio
CIK 1418746 · latest 13F-HR filed 2026-08-14
Potomac Capital Management, Inc. manages $146.5M in 13F-reported U.S. long-equity assets across 71 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are ECHO (11.79%), ATEX (10.89%), LSAK (5.14%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 11 new positions and exited 12; 31 existing positions rose in reported value and 15 fell.
AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.
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AUM
$146.5M
Long-equity book
Holdings
71
Distinct positions
Period
2026-06-30
Filed 2026-08-14
Q/Q Activity
+11 / −12 / ↑31 / ↓15
vs 2026-03-31
Portfolio charts
Latest quarter's book, what changed, and how the portfolio has evolved across filings.
Portfolio map
Q2 26ECHO12.6% · newATEX11.7% · -11%LSAK5.5% · +36%PESI5.0% · +61%DSP5.0% · +1%CNXX4.9% · -12%WYY3.8% · +10%XPER3.8% · +1%INSE3.7% · 0%DUOT2.8% · -3%CLAR2.6% · 0%AIOT2.6% · +0%ALLT2.4% · +0%GRPN2.2% · -21%LION1.9% · -22%KVHI1.9% · -44%FENC1.8% · 0%GANX1.4% · -6%SHMD1.3% · newGPGI1.3% · 0%CODI1.3% · -32%TPCS1.1% · +12%CDZI1.1% · +4%ACVA1.0% · newNN1.0% · +110%ARLO1.0% · 0%GSIT1.0% · -52%III0.9% · 0%BAC0.8% · 0%CSGP0.8% · +233%SVC0.8% · +210%BABA0.8% · 0%AVD0.7% · -42%EOLS0.7% · 0%GILT0.7% · 0%BW0.7% · 0%VXX0.7% · newAVPT0.6% · newKOPN0.6% · newPRCH0.6% · -19%FEAM0.5% · 0%ISPR0.5% · newPRTH0.5% · -15%CDXS0.4% · -5%PCYO0.4% · 0%INTZ0.4% · +11%XELB0.3% · -39%OWLT0.3% · +10%RMNI0.3% · +14%FPH0.3% · +25%BRLT0.3% · +8%SHOE0.2% · newPMTS0.2% · -1%UIS0.1% · -48%ADTN0.1% · -87%FIGS0.1% · newRELL0.1% · newAVNW0.1% · +80%REE0.1% · -3%CNDT0.1% · new
Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.
Sector mix
% of 13F valueSectors from each company's SIC code; funds and ETFs grouped separately.
Biggest buys and sells
Q1 26 → Q2 26Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.
13F assets and positions
4 quartersTotal reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.
Top positions over time
reported valueThe eight largest current positions, valued at each quarter end.
Concentration
top 10 = 58.7%Cumulative share of the portfolio held in the largest N positions.
Firm Profile & Key People
As of the firm’s regulatory filing dated May 27, 2026.
Assets Under Management
$3.28B
Discretionary
$3.28B
Employees
36
Accounts
2,385
Address
7373 WISCONSIN AVE.
SUITE #750
BETHESDA, MD 20814
SUITE #750
BETHESDA, MD 20814
Phone
(301) 901-3466
| Name | Title / Status | Ownership | Type |
|---|---|---|---|
| GOODNOW, JEFFREY, SCOTT Control | CHIEF GROWTH OFFICER since Jan 2017 | 10–25% | Individual |
| GRAY, WILLIAM, PC Control | CHIEF OPERATING OFFICER since Sep 2025 | Less than 5% | Individual |
| KHATTA, MANISH, KUMAR Control | PRESIDENT, CHIEF EXECUTIVE OFFICER, CO-CHIEF INVESTMENT OFFICER, SECRETARY since Jan 2013 | 75% or more | Individual |
| NORTON, CHRISTOPHER, ROBERT Control | CHIEF MARKETING OFFICER since Oct 2021 | Less than 5% | Individual |
| RUSSO, DANIEL, JOSEPH Control | CO-CHIEF INVESTMENT OFFICER since Nov 2025 | Less than 5% | Individual |
| SCHROPP, JEFFREY, MICHAEL | CHIEF COMPLIANCE OFFICER since Jul 2025 | Less than 5% | Individual |
Ownership & leadership changes · 16 filings with changes since Dec 22, 2011
From the firm’s regulatory filings, newest first. Dates are filing dates: a filing that no longer lists someone does not say when they left.
Mar 31, 2026 filing
- AddedRUSSO, DANIEL, JOSEPH · CO-CHIEF INVESTMENT OFFICER · Less than 5% · control person
- ChangedKHATTA, MANISH, KUMAR · title PRESIDENT, CHIEF EXECUTIVE OFFICER, SECRETARY → PRESIDENT, CHIEF EXECUTIVE OFFICER, CO-CHIEF INVESTMENT OFFICER, SECRETARY
Dec 22, 2025 filing
- AddedGRAY, WILLIAM, PC · CHIEF OPERATING OFFICER · Less than 5% · control person
Jul 30, 2025 filing
- No longer listedBURTON, JENNIFER, GILLIECE · CHIEF OPERATING OFFICER · Less than 5% · control person · listed since Oct 2021
- No longer listedLONG, JUSTIN, TYLER · CHIEF COMPLIANCE OFFICER · Less than 5% · listed since May 2024
- AddedSCHROPP, JEFFREY, MICHAEL · CHIEF COMPLIANCE OFFICER · Less than 5%
May 21, 2024 filing
- No longer listedDowell, Alisha, Perdue · CHIEF COMPLIANCE OFFICER · Less than 5% · control person · listed since Jan 2024
- Listed againLONG, JUSTIN, TYLER · CHIEF COMPLIANCE OFFICER · Less than 5%
Feb 1, 2024 filing
- No longer listedLONG, JUSTIN, TYLER · CHIEF COMPLIANCE OFFICER · Less than 5% · control person · listed since Mar 2023
- AddedDowell, Alisha, Perdue · CHIEF COMPLIANCE OFFICER · Less than 5% · control person
Mar 7, 2023 filing
- No longer listedKhatta, Paige · SECRETARY · Less than 5% · control person · listed since Mar 2017
- AddedBURTON, JENNIFER, GILLIECE · CHIEF OPERATING OFFICER · Less than 5% · control person
- AddedLONG, JUSTIN, TYLER · CHIEF COMPLIANCE OFFICER · Less than 5% · control person
- AddedNORTON, CHRISTOPHER, ROBERT · CHIEF MARKETING OFFICER · Less than 5% · control person
- ChangedGOODNOW, JEFFREY, SCOTT · now a control person
- ChangedKHATTA, MANISH, KUMAR · title CHIEF COMPLIANCE OFFICER / PRESIDENT → PRESIDENT, CHIEF EXECUTIVE OFFICER, SECRETARY
Feb 1, 2022 filing
- ChangedGOODNOW, JEFFREY, SCOTT · title DIRECTOR OF ADVISOR EDUCATION → CHIEF GROWTH OFFICER
Oct 1, 2020 filing
- No longer listedZEMANN, ANN, TERESE · CHIEF COMPLIANCE OFFICER · Less than 5% · control person · listed since Oct 2015
- ChangedKHATTA, MANISH, KUMAR · title PRESIDENT → CHIEF COMPLIANCE OFFICER / PRESIDENT
Feb 15, 2018 filing
- ChangedGOODNOW, JEFFREY, SCOTT · title NATIONAL SALES MANAGER → DIRECTOR OF ADVISOR EDUCATION
Jul 12, 2017 filing
- ChangedGOODNOW, JEFFREY, SCOTT · ownership 5–10% → 10–25%
Older changes (7 more filings)
Jun 22, 2017 filing
- AddedGOODNOW, JEFFREY, SCOTT · NATIONAL SALES MANAGER · 5–10%
Mar 30, 2017 filing
- ChangedKHATTA, MANISH, KUMAR · now a control person
Mar 29, 2017 filing
- No longer listedPALAMARAS, KARA · SECRETARY · Less than 5% · listed since Nov 2003
- No longer listedPALAMARAS, MARK, JAMES · CHIEF INVESTMENT OFFICER · 75% or more · control person · listed since Nov 2003
- AddedKhatta, Paige · SECRETARY · Less than 5% · control person
- ChangedKHATTA, MANISH, KUMAR · ownership 10–25% → 75% or more
Oct 14, 2015 filing
- AddedZEMANN, ANN, TERESE · CHIEF COMPLIANCE OFFICER · Less than 5% · control person
- ChangedPALAMARAS, MARK, JAMES · title CHIEF COMPLIANCE OFFICER/CHIEF INVESTMENT OFFICER → CHIEF INVESTMENT OFFICER
Mar 27, 2014 filing
- No longer listedPAUL, RICHARD, MATTHEW · N/A · 10–25% · listed since Nov 2003
Apr 1, 2013 filing
- ChangedKHATTA, MANISH, KUMAR · title VICE PRESIDENT → PRESIDENT
- ChangedPALAMARAS, MARK, JAMES · title PRESIDENT/CHIEF COMPLIANCE OFFICER → CHIEF COMPLIANCE OFFICER/CHIEF INVESTMENT OFFICER
Dec 22, 2011 filing (earliest on record)
- ListedKHATTA, MANISH, KUMAR · VICE PRESIDENT · 10–25%
- ListedPALAMARAS, KARA · SECRETARY · Less than 5%
- ListedPALAMARAS, MARK, JAMES · PRESIDENT/CHIEF COMPLIANCE OFFICER · 75% or more · control person
- ListedPAUL, RICHARD, MATTHEW · N/A · 10–25%
Quarter-over-quarter changes
Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.
Top Adds (vs prior quarter)
- ANTERIX INC$9.3M +140.5%
- WIDEPOINT CORP$3.9M +284.6%
- PERMA-FIX ENVIRONMENTAL SVCS$3.6M +114.9%
- LESAKA TECHNOLOGIES INC$1.9M +33.0%
- XPERI INC-W/I$1.7M +48.2%
Top Trims
- ECHOSTAR HOLDING CORP-A-$5.9M -25.5%
- KVH INDUSTRIES INC-$1.6M -38.2%
- ADTRAN HOLDINGS INC-$832.2K -85.7%
- AMERICAN VANGUARD CORP-$544.3K -35.1%
- GSI TECHNOLOGY INC-$491.3K -27.4%
New Positions
- SCHMID GROUP NV$1.8M
- ACV AUCTIONS INC-A$1.4M
- SERVICE PROPERTIES TRUST$1.1M
- IPATH SERIES B S&P 500 VIX$890.2K
- AVEPOINT INC$846.4K
Exited Positions
- THE HACKET GROUP INC$1.5M
- PIXELWORKS INC$1.1M
- MAGNACHIP SEMICONDUCT-DEP SH$1.0M
- CREXENDO INC$861.1K
- PROSHARES ULTRA QQQ$738.1K
Potomac Capital Management, Inc. Holdings (2026-06-30)
Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).
| # | Issuer | Symbol | CUSIP | Value | Weight | Shares | Type |
|---|---|---|---|---|---|---|---|
| 1 | ECHOSTAR HOLDING CORP-A | ECHO | 278768106 | $17.3M | 11.79% | 166,277 | SH |
| 2 | ANTERIX INC | ATEX | 03676C100 | $16.0M | 10.89% | 155,071 | SH |
| 3 | LESAKA TECHNOLOGIES INC | LSAK | 64107N206 | $7.5M | 5.14% | 1,515,000 | SH |
| 4 | PERMA-FIX ENVIRONMENTAL SVCS | PESI | 714157203 | $6.8M | 4.65% | 477,000 | SH |
| 5 | VIANT TECHNOLOGY INC-A | DSP | 92557A101 | $6.8M | 4.65% | 538,000 | SH |
| 6 | CONX CORP | CNXX | 212873103 | $6.7M | 4.56% | 1,046,710 | SH |
| 7 | WIDEPOINT CORP | WYY | 967590209 | $5.2M | 3.57% | 299,162 | SH |
| 8 | XPERI INC-W/I | XPER | 98423J101 | $5.1M | 3.51% | 624,300 | SH |
| 9 | INSPIRED ENTERTAINMENT INC | INSE | 45782N108 | $5.1M | 3.47% | 616,800 | SH |
| 10 | DUOS TECHNOLOGIES GROUP INC | DUOT | 266042407 | $3.8M | 2.57% | 313,300 | SH |
| 11 | INVESCO QQQ TRUST SERIES Put | QQQ | 46090E103 | $3.7M | 2.51% | 5,000 | SH |
| 12 | CLARUS CORPORATION | CLAR | 18270P109 | $3.6M | 2.43% | 1,131,000 | SH |
| 13 | POWERFLEET INC | AIOT | 73931J109 | $3.5M | 2.38% | 912,000 | SH |
| 14 | ALLOT COMMUNICATIONS LTD | ALLT | M0854Q105 | $3.3M | 2.26% | 373,600 | SH |
| 15 | ISHARES RUSSELL 2000 Put | IWM | 464287655 | $3.0M | 2.05% | 10,000 | SH |
| 16 | GROUPON INC | GRPN | 399473206 | $3.0M | 2.02% | 123,200 | SH |
| 17 | LIONSGATE STUDIOS HOLDING CO | LION | 53626N102 | $2.6M | 1.77% | 169,000 | SH |
| 18 | KVH INDUSTRIES INC | KVHI | 482738101 | $2.6M | 1.76% | 260,501 | SH |
| 19 | FENNEC PHARMACEUTICALS INC | FENC | 31447P100 | $2.4M | 1.65% | 224,400 | SH |
| 20 | GAIN THERAPEUTICS INC | GANX | 36269B105 | $1.9M | 1.31% | 946,400 | SH |
| 21 | SCHMID GROUP NV | SHMD | N68722102 | $1.8M | 1.23% | 288,200 | SH |
| 22 | GPGI INC | GPGI | 20459V105 | $1.8M | 1.23% | 113,500 | SH |
| 23 | COMPASS DIVERSIFIED | CODI | 20451Q104 | $1.8M | 1.20% | 165,000 | SH |
| 24 | TECHPRECISION CORP | TPCS | 878739200 | $1.5M | 1.00% | 279,396 | SH |
| 25 | CADIZ INC | CDZI | 127537207 | $1.5M | 1.00% | 350,000 | SH |
| 26 | ACV AUCTIONS INC-A | ACVA | 00091G104 | $1.4M | 0.97% | 197,200 | SH |
| 27 | NEXTNAV INC | NN | 65345N106 | $1.4M | 0.96% | 78,950 | SH |
| 28 | ARLO TECHNOLOGIES INC | ARLO | 04206A101 | $1.3M | 0.92% | 100,000 | SH |
| 29 | GSI TECHNOLOGY INC | GSIT | 36241U106 | $1.3M | 0.89% | 168,110 | SH |
| 30 | INFORMATION SERVICES GROUP | III | 45675Y104 | $1.2M | 0.82% | 291,800 | SH |
| 31 | BANK OF AMERICA CORP | BAC | 060505104 | $1.1M | 0.78% | 20,000 | SH |
| 32 | COSTAR GROUP INC | CSGP | 22160N109 | $1.1M | 0.77% | 40,000 | SH |
| 33 | SERVICE PROPERTIES TRUST | SVC | 81761L201 | $1.1M | 0.75% | 647,000 | SH |
| 34 | ISHARES RUSSELL 2000 Put | IWM | 464287655 | $1.1M | 0.72% | 3,500 | SH |
| 35 | ALIBABA GROUP HOLDING LTD | BABA | 01609W102 | $1.0M | 0.71% | 10,800 | SH |
| 36 | ANTERIX INC Put | ATEX | 03676C100 | $1.0M | 0.70% | 10,000 | SH |
| 37 | AMERICAN VANGUARD CORP | AVD | 030371108 | $1.0M | 0.69% | 358,780 | SH |
| 38 | EVOLUS INC | EOLS | 30052C107 | $982.0K | 0.67% | 141,500 | SH |
| 39 | GILAT SATELLITE NETWORKS LTD | GILT | M51474118 | $969.5K | 0.66% | 72,842 | SH |
| 40 | BABCOCK & WILCOX ENTERPR | BW | 05614L209 | $902.4K | 0.62% | 64,000 | SH |
| 41 | IPATH SERIES B S&P 500 VIX | VXX | 06748M196 | $890.2K | 0.61% | 40,300 | SH |
| 42 | AVEPOINT INC | AVPT | 053604104 | $846.4K | 0.58% | 75,500 | SH |
| 43 | KOPIN CORP | KOPN | 500600101 | $828.8K | 0.57% | 185,000 | SH |
| 44 | PORCH GROUP INC | PRCH | 733245104 | $752.0K | 0.51% | 50,000 | SH |
| 45 | 5E ADVANCED MATERIALS INC | FEAM | 33830Q208 | $703.8K | 0.48% | 506,300 | SH |
| 46 | ISPIRE TECHNOLOGY INC | ISPR | 46501C100 | $670.4K | 0.46% | 598,600 | SH |
| 47 | PRIORITY TECHNOLOGY HOLDINGS | PRTH | 74275G107 | $615.0K | 0.42% | 92,206 | SH |
| 48 | CODEXIS INC | CDXS | 192005106 | $587.6K | 0.40% | 260,000 | SH |
| 49 | PURE CYCLE CORP | PCYO | 746228303 | $522.2K | 0.36% | 48,756 | SH |
| 50 | INTRUSION INC | INTZ | 46121E304 | $481.5K | 0.33% | 518,429 | SH |
Filing History
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-06-30 | 2026-08-14 | $146.5M | 71 | 0001104659-26-097069 |
| 2026-03-31 | 2026-05-14 | $115.0M | 67 | 0001104659-26-061140 |
| 2025-12-31 | 2026-02-11 | $124.5M | 78 | 0001418746-26-000001 |
| 2023-12-31 | 2024-02-15 | $86.0M | 55 | 0001418746-24-000002 |
Filer Information
Address
360 EAST 89TH STREET#8B
NEW YORK, NY 10128
Phone
(212) 257-6083
Filing Manager
Potomac Capital Management, Inc.
NEW YORK, NY
Signatory
P.J. Solit
President