1y return+7.4%S&P 500 +20.9%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since December 31, 2024: $109 against $127 in the S&P 500.2
Topline Capital Management, LLCS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| PRAAPra Group Inc | $73.0M | 18.9% | |
| WKWorkiva Inc | $42.3M | 11.0% | −17.0% |
| PAYSPaysign Inc | $38.0M | 9.9% | |
| DVDoubleverify Hldgs Inc | $34.8M | 9.0% | −36.0% |
| NRDSNerdwallet Inc | $30.4M | 7.9% | −37.4% |
| CTKBCytek Biosciences Inc | $27.8M | 7.2% | −11.1% |
| Cognyte Software LtdCUSIP M25133105 | $27.6M | 7.2% | −36.0% |
| KRMDKoru Medical Systems Inc | $14.2M | 3.7% | −4.0% |
| ELAEnvela Corp | $11.9M | 3.1% | −47.0% |
| DCBODocebo Inc | $11.9M | 3.1% | −24.4% |
| ZVIAZevia Pbc | $11.7M | 3.0% | +6.4% |
| NUTXNutex Health Inc | $7.1M | 1.9% | −76.5% |
| NABLN-able Inc | $7.0M | 1.8% | −2.6% |
| OPXSOptex Sys Hldgs Inc | $6.3M | 1.6% | −22.4% |
| LAWCs Disco Inc | $5.5M | 1.4% | −44.1% |
| ACCSAccess Newswire Inc | $4.6M | 1.2% | |
| NPKNational Presto Inds Inc | $4.0M | 1.0% | New |
| ATRCAtricure Inc | $3.9M | 1.0% | New |
| SPTSprout Social Inc | $3.8M | 1.0% | −81.6% |
| CERSCerus Corp | $3.1M | 0.8% | New |
| MRDNMeridian Holdings Inc | $2.6M | 0.7% | +32.9% |
| SSentinelone Inc | $2.2M | 0.6% | −92.8% |
| HGBLHeritage Global Inc | $2.2M | 0.6% | |
| NEPHNephros Inc | $1.9M | 0.5% | −8.0% |
| MITKMitek Sys Inc | $1.9M | 0.5% | −94.2% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| NUTXNutex Health Inc | December 31, 2024 | +439.3% | $7.1M |
| ELAEnvela Corp | December 31, 2024 | +302.2% | $11.9M |
| NEPHNephros Inc | December 31, 2024 | +142.9% | $1.9M |
| OPXSOptex Sys Hldgs Inc | December 31, 2024 | +104.5% | $6.3M |
| MITKMitek Sys Inc | June 30, 2025 | +103.3% | $1.9M |
| MRDNMeridian Holdings Inc | March 31, 2026 | +92.8% | $2.6M |
| DIBS1stdibs Com Inc | June 30, 2025 | +78.2% | $50K |
| Simulations Plus IncCUSIP 829214105 | March 31, 2026 | +54.9% | $1.5M |
| TRCTejon Ranch Co | December 31, 2025 | +18.6% | $1.6M |
| SSentinelone Inc | December 31, 2025 | +13.1% | $2.2M |
Sold off last quarter
- Monday Com LtdCUSIP M7S64H106 was $25.2M
- UNFUnifirst Corp Mass was $10.1M
- CERTCertara Inc was $4.3M
- PLTKPlaytika Hldg Corp was $2.5M
- Inmode LtdCUSIP M5425M103 was $2.5M
- DSPViant Technology Inc was $2.2M
- QTRXQuanterix Corp was $2.0M
- TTDThe Trade Desk Inc was $1.4M
- TENBTenable Hldgs Inc was $1.2M
- NPCENeuropace Inc was $1.1M
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +12.4% | +14.8% |
| March 31, 2026 | −21.6% | −4.6% |
| December 31, 2025 | +13.9% | +2.4% |
| September 30, 2025 | +7.0% | +7.8% |
| June 30, 2025 | +19.9% | +10.5% |
| March 31, 2025 | −15.4% | −4.6% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Topline Capital Management, LLC Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1792549&type=13F-HR&dateb=&owner=include&count=40CIK 1792549
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1792549/000179254926000026/Filed August 14, 2026 · accession 0001792549-26-000026