Potomac Capital Management, Inc. — 13F Holdings & Portfolio
CIK 1418746 · latest 13F-HR filed 2026-05-14
Potomac Capital Management, Inc. manages $115.0M in 13F-reported U.S. long-equity assets across 67 reported positions as of its 2026-03-31 13F-HR filing. Its largest disclosed positions are SATS (20.16%), ATEX (5.77%), DSP (5.19%). Quarter over quarter (versus its 2025-12-31 filing) the fund opened 10 new positions, exited 13, added to 15, and trimmed 30.
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.
$115.0M
Long-equity book
67
Distinct positions
2026-03-31
Filed 2026-05-14
+10 / −13 / ↑15 / ↓30
vs 2025-12-31
| Name | Title / Status | Ownership | Type |
|---|
Top Adds (vs prior quarter)
- ANTERIX INC$3.1M +88.4%
- POWERFLEET INC$1.7M +156.1%
- CONX CORP$1.1M +24.6%
- KVH INDUSTRIES INC$922.3K +28.4%
- LESAKA TECHNOLOGIES INC$895.5K +18.8%
Top Trims
- ECHOSTAR HOLDING CORP-A-$3.9M -14.3%
- INSPIRED ENTERTAINMENT INC-$1.7M -27.8%
- GAIN THERAPEUTICS INC-$1.3M -39.8%
- PERMA-FIX ENVIRONMENTAL SVCS-$1.1M -26.3%
- ALLOT COMMUNICATIONS LTD-$995.8K -28.6%
New Positions
- Compass Diversified$1.9M
- GSI TECHNOLOGY INC$1.8M
- THE HACKET GROUP INC$1.5M
- ARLO TECHNOLOGIES INC$1.4M
- ADTRAN HOLDINGS INC$971.2K
Exited Positions
- CONDUENT INC$3.0M
- ENERFLEX LTD$2.0M
- SPDR S&P BIOTECH ETF$975.4K
- LULULEMON ATHLETICA INC$914.4K
- COMTECH TELECOMMUNICATIONS$851.2K
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 | SATS | 278768106 | $23.2M | 20.16% | 198,000 | SH |
| 2 | ANTERIX INC | ATEX | 03676C100 | $6.6M | 5.77% | 173,802 | SH |
| 3 | VIANT TECHNOLOGY INC-A | DSP | 92557A101 | $6.0M | 5.19% | 532,636 | SH |
| 4 | LESAKA TECHNOLOGIES INC | LSAK | 64107N206 | $5.7M | 4.92% | 1,112,242 | SH |
| 5 | CONX CORP | CNXX | 212873103 | $5.5M | 4.75% | 1,196,710 | SH |
| 6 | INSPIRED ENTERTAINMENT INC | INSE | 45782N108 | $4.4M | 3.82% | 616,600 | SH |
| 7 | KVH INDUSTRIES INC | KVHI | 482738101 | $4.2M | 3.63% | 465,900 | SH |
| 8 | XPERI INC-W/I | XPER | 98423J101 | $3.5M | 3.02% | 619,300 | SH |
| 9 | PERMA-FIX ENVIRONMENTAL SVCS | PESI | 714157203 | $3.2M | 2.76% | 296,700 | SH |
| 10 | CLARUS CORPORATION | CLAR | 18270P109 | $3.1M | 2.68% | 1,131,000 | SH |
| 11 | POWERFLEET INC | AIOT | 73931J109 | $2.8M | 2.44% | 911,200 | SH |
| 12 | ALLOT COMMUNICATIONS LTD | ALLT | M0854Q105 | $2.5M | 2.16% | 373,400 | SH |
| 13 | DUOS TECHNOLOGIES GROUP INC | DUOT | 266042407 | $2.2M | 1.93% | 324,182 | SH |
| 14 | LIONSGATE STUDIOS HOLDING CO | LION | 53626N102 | $2.1M | 1.81% | 216,975 | SH |
| 15 | GAIN THERAPEUTICS INC | GANX | 36269B105 | $2.0M | 1.70% | 1,008,600 | SH |
| 16 | GPGI INC | GPGI | 20459V105 | $1.9M | 1.69% | 113,500 | SH |
| 17 | Compass Diversified | CODI | 20451Q104 | $1.9M | 1.66% | 243,300 | SH |
| 18 | GROUPON INC | GRPN | 399473206 | $1.9M | 1.61% | 155,800 | SH |
| 19 | GSI TECHNOLOGY INC | GSIT | 36241U106 | $1.8M | 1.56% | 348,400 | SH |
| 20 | CADIZ INC | CDZI | 127537207 | $1.6M | 1.43% | 335,000 | SH |
| 21 | AMERICAN VANGUARD CORP | AVD | 030371108 | $1.5M | 1.35% | 622,050 | SH |
| 22 | THE HACKET GROUP INC | HCKT | 404609109 | $1.5M | 1.33% | 117,104 | SH |
| 23 | ARLO TECHNOLOGIES INC | ARLO | 04206A101 | $1.4M | 1.24% | 100,000 | SH |
| 24 | FENNEC PHARMACEUTICALS INC | FENC | 31447P100 | $1.4M | 1.20% | 224,400 | SH |
| 25 | WIDEPOINT CORP | WYY | 967590209 | $1.4M | 1.18% | 272,780 | SH |
| 26 | ALIBABA GROUP HOLDING LTD | BABA | 01609W102 | $1.4M | 1.18% | 10,800 | SH |
| 27 | INFORMATION SERVICES GROUP | III | 45675Y104 | $1.1M | 0.97% | 291,800 | SH |
| 28 | GILAT SATELLITE NETWORKS LTD | GILT | M51474118 | $1.1M | 0.95% | 72,842 | SH |
| 29 | PIXELWORKS INC | PXLW | 72581M404 | $1.1M | 0.94% | 200,000 | SH |
| 30 | MAGNACHIP SEMICONDUCT-DEP SH | MX | 55933J203 | $1.0M | 0.89% | 365,000 | SH |
| 31 | BANK OF AMERICA CORP | BAC | 060505104 | $975.0K | 0.85% | 20,000 | SH |
| 32 | ADTRAN HOLDINGS INC | ADTN | 00486H105 | $971.2K | 0.84% | 77,200 | SH |
| 33 | BABCOCK & WILCOX ENTERPR | BW | 05614L209 | $940.2K | 0.82% | 64,000 | SH |
| 34 | CREXENDO INC | CXDO | 226552107 | $861.1K | 0.75% | 139,568 | SH |
| 35 | TECHPRECISION CORP | TPCS | 878739200 | $751.2K | 0.65% | 249,561 | SH |
| 36 | PROSHARES ULTRA QQQ | QLD | 74347R206 | $738.1K | 0.64% | 12,100 | SH |
| 37 | 5E ADVANCED MATERIALS INC | FEAM | 33830Q208 | $708.8K | 0.62% | 506,300 | SH |
| 38 | DOUBLEDOWN INTERACTIVE -ADR | DDI | 25862B109 | $668.4K | 0.58% | 79,100 | SH |
| 39 | XCEL BRANDS INC | XELB | 98400M200 | $633.0K | 0.55% | 408,400 | SH |
| 40 | NEXTNAV INC | NN | 65345N106 | $600.8K | 0.52% | 37,500 | SH |
| 41 | EVOLUS INC | EOLS | 30052C107 | $581.6K | 0.51% | 141,500 | SH |
| 42 | MCDERMOTT INTERNATIONAL LTD | — | G5924V148 | $520.0K | 0.45% | 20,000 | SH |
| 43 | PRIORITY TECHNOLOGY HOLDINGS | PRTH | 74275G107 | $513.5K | 0.45% | 108,800 | SH |
| 44 | LUNA INNOVATIONS INC | LUNA | 550351100 | $507.9K | 0.44% | 461,770 | SH |
| 45 | PURE CYCLE CORP | PCYO | 746228303 | $490.5K | 0.43% | 48,756 | SH |
| 46 | COSTAR GROUP INC | CSGP | 22160N109 | $484.1K | 0.42% | 12,000 | SH |
| 47 | CODEXIS INC | CDXS | 192005106 | $446.9K | 0.39% | 274,200 | SH |
| 48 | PORCH GROUP INC | PRCH | 733245104 | $441.0K | 0.38% | 61,500 | SH |
| 49 | BRILLIANT EARTH GROUP INC-A | BRLT | 109504100 | $418.9K | 0.36% | 315,000 | SH |
| 50 | DIVERSIFIED HEALTHCARE TRUST | DHC | 25525P107 | $398.4K | 0.35% | 60,000 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 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 |