Topline Capital Management, LLC — 13F Holdings & Portfolio
CIK 1792549 · latest 13F-HR filed 2026-08-14
Topline Capital Management, LLC manages $385.7M in 13F-reported U.S. long-equity assets across 36 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are PRAA (18.93%), WK (10.96%), PAYS (9.85%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 9 new positions and exited 16; 5 existing positions rose in reported value and 22 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.
Long-equity book
Distinct positions
Filed 2026-08-14
vs 2026-03-31
Portfolio charts
Latest quarter's book, what changed, and how the portfolio has evolved across filings.
Portfolio map
Q2 26Box 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 = 80.9%Cumulative share of the portfolio held in the largest N positions.
As of the firm’s regulatory filing dated Mar 20, 2026.
| Name | Title / Status | Ownership | Type |
|---|---|---|---|
| MCBIRNEY, COLLIN Control | MANAGING MEMBER AND CHIEF COMPLIANCE OFFICER since Sep 2018 | 75% or more | Individual |
Ownership & leadership changes · 1 filing with changes since Oct 10, 2019
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.
- ChangedMCBIRNEY, COLLIN · title MANAGING MEMBER → MANAGING MEMBER AND CHIEF COMPLIANCE OFFICER
- ListedMCBIRNEY, COLLIN · MANAGING MEMBER · 75% or more · control person
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)
- PAYSIGN INC$10.6M +38.8%
- PRA GROUP INC$5.7M +8.5%
- ZEVIA PBC$3.8M +48.2%
- MERIDIAN HOLDINGS INC$1.6M +156.3%
- NEPHROS INC$178.2K +10.3%
Top Trims
- FRESHWORKS INC-$47.4M -99.8%
- NERDWALLET INC-$24.1M -44.2%
- SENTINELONE INC-$20.8M -90.5%
- WORKIVA INC-$20.4M -32.5%
- MITEK SYS INC-$19.9M -91.3%
New Positions
- NATIONAL PRESTO INDS INC$4.0M
- ATRICURE INC$3.9M
- CERUS CORP$3.1M
- SIFCO INDS INC$833.3K
- SMITH MIDLAND CORP$580.3K
Exited Positions
- MONDAY COM LTD$25.2M
- UNIFIRST CORP MASS$10.1M
- CERTARA INC$4.3M
- PLAYTIKA HLDG CORP$2.5M
- INMODE LTD$2.5M
Topline Capital Management, LLC 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 | PRA GROUP INC | PRAA | 69354N106 | $73.0M | 18.93% | 3,845,334 | SH |
| 2 | WORKIVA INC | WK | 98139A105 | $42.3M | 10.96% | 871,101 | SH |
| 3 | PAYSIGN INC | PAYS | 70451A104 | $38.0M | 9.85% | 4,639,061 | SH |
| 4 | DOUBLEVERIFY HLDGS INC | DV | 25862V105 | $34.8M | 9.03% | 3,214,515 | SH |
| 5 | NERDWALLET INC | NRDS | 64082B102 | $30.4M | 7.89% | 3,289,285 | SH |
| 6 | CYTEK BIOSCIENCES INC | CTKB | 23285D109 | $27.8M | 7.22% | 6,283,450 | SH |
| 7 | COGNYTE SOFTWARE LTD | CGNT | M25133105 | $27.6M | 7.16% | 3,143,271 | SH |
| 8 | KORU MEDICAL SYSTEMS INC | KRMD | 759910102 | $14.2M | 3.67% | 3,373,842 | SH |
| 9 | ENVELA CORP | ELA | 29402E102 | $11.9M | 3.09% | 413,150 | SH |
| 10 | DOCEBO INC | DCBO | 25609L105 | $11.9M | 3.09% | 664,727 | SH |
| 11 | ZEVIA PBC | ZVIA | 98955K104 | $11.7M | 3.03% | 7,177,524 | SH |
| 12 | NUTEX HEALTH INC | NUTX | 67079U306 | $7.1M | 1.85% | 41,764 | SH |
| 13 | N-ABLE INC | NABL | 62878D100 | $7.0M | 1.81% | 1,902,005 | SH |
| 14 | OPTEX SYS HLDGS INC | OPXS | 68384X209 | $6.3M | 1.63% | 449,363 | SH |
| 15 | CS DISCO INC | LAW | 126327105 | $5.5M | 1.44% | 1,466,665 | SH |
| 16 | ACCESS NEWSWIRE INC | ACCS | 46520M204 | $4.6M | 1.20% | 709,264 | SH |
| 17 | NATIONAL PRESTO INDS INC | NPK | 637215104 | $4.0M | 1.05% | 32,282 | SH |
| 18 | ATRICURE INC | ATRC | 04963C209 | $3.9M | 1.00% | 138,490 | SH |
| 19 | SPROUT SOCIAL INC | SPT | 85209W109 | $3.8M | 0.98% | 501,772 | SH |
| 20 | CERUS CORP | CERS | 157085101 | $3.1M | 0.80% | 1,051,676 | SH |
| 21 | MERIDIAN HOLDINGS INC | MRDN | 381098409 | $2.6M | 0.67% | 186,440 | SH |
| 22 | SENTINELONE INC | S | 81730H109 | $2.2M | 0.56% | 128,038 | SH |
| 23 | HERITAGE GLOBAL INC | HGBL | 42727E103 | $2.2M | 0.56% | 1,785,488 | SH |
| 24 | NEPHROS INC | NEPH | 640671400 | $1.9M | 0.50% | 535,698 | SH |
| 25 | MITEK SYS INC | MITK | 606710200 | $1.9M | 0.49% | 93,985 | SH |
| 26 | TEJON RANCH CO | TRC | 879080109 | $1.6M | 0.41% | 85,229 | SH |
| 27 | SIMULATIONS PLUS INC | SLP | 829214105 | $1.5M | 0.40% | 84,412 | SH |
| 28 | SIFCO INDS INC | SIF | 826546103 | $833.3K | 0.22% | 35,610 | SH |
| 29 | SMITH MIDLAND CORP | SMID | 832156103 | $580.3K | 0.15% | 20,012 | SH |
| 30 | PERMA-PIPE INTL HLDGS INC | PPIH | 714167103 | $451.0K | 0.12% | 16,561 | SH |
| 31 | TAYLOR DEVICES INC | TAYD | 877163105 | $259.8K | 0.07% | 4,427 | SH |
| 32 | INNOVATIVE SOLUTIONS & SUPPO | ISSC | 45769N105 | $241.6K | 0.06% | 13,424 | SH |
| 33 | MESA LABS INC | MLAB | 59064R109 | $236.3K | 0.06% | 2,374 | SH |
| 34 | FRESHWORKS INC | FRSH | 358054104 | $109.9K | 0.03% | 10,860 | SH |
| 35 | 1STDIBS COM INC | DIBS | 320551104 | $50.3K | 0.01% | 10,256 | SH |
| 36 | RESEARCH SOLUTIONS INC | RSSS | 761025105 | $26.5K | 0.01% | 11,430 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-06-30 | 2026-08-14 | $385.7M | 36 | 0001792549-26-000026 |
| 2026-03-31 | 2026-05-15 | $605.3M | 43 | 0001792549-26-000022 |
| 2025-12-31 | 2026-02-17 | $1.11B | 49 | 0001792549-26-000021 |
| 2025-09-30 | 2025-11-14 | $581.6M | 42 | 0001792549-25-000006 |
SANTA MONICA, CA 90402