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Topline Capital Management, LLC

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13F filer, CIK 1792549, SANTA MONICA, CA

Topline Capital Management, LLC reported $581,608,821 across 42 holdings for the quarter ended 2025-09-30, in a 13F-HR filed 2025-11-14. Its ten largest share positions make up 71.99% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001792549-25-000006

Period
2025-09-30
Reported value
$582M
Holdings
42
Top 10 weight
71.99%
New
11
Sold out
11

Largest buys vs the previous quarter

SecurityShares changeApprox. value
NUTXadded+247,436$25.6M
SPTnew+1,358,712$17.6M
FRSHadded+831,787$9.79M
UNFadded+47,819$7.99M
DCBOadded+267,962$7.32M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
SAPIENS INTERNATIONAL CORPexited-1,037,075-$30.3M
RSIexited-1,807,124-$26.9M
PERFORMANT HEALTHCARE INCexited-5,462,442-$21.8M
BLreduced-265,435-$14.1M
PSFEexited-620,000-$7.82M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q3 2025

Share positions as resolved from 13F-HR 0001792549-25-000006, largest first. % of portfolio is the value over $581,608,821, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
GDOTGREEN DOT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: 5,376,787 shares; 2025Q1: 4,633,469 shares; 2025Q2: 4,965,286 shares; 2025Q3: 4,614,562 shares 4,614,562$62M10.66%-350,724Timeline
CGNTCOGNYTE SOFTWARE LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: 9,020,184 shares; 2025Q1: 7,099,650 shares; 2025Q2: 7,027,290 shares; 2025Q3: 7,195,619 shares 7,195,619$60.4M10.39%+168,329Timeline
NUTXNUTEX HEALTH INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: 179,540 shares; 2025Q1: 179,713 shares; 2025Q2: 309,131 shares; 2025Q3: 556,567 shares 556,567$57.5M9.89%+247,436Timeline
NRDSNERDWALLET INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: 5,251,145 shares; 2025Q1: 5,251,145 shares; 2025Q2: 5,251,145 shares; 2025Q3: 5,251,145 shares 5,251,145$56.5M9.71%0Timeline
PRAAPRA GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: not reported; 2025Q1: 838,922 shares; 2025Q2: 2,250,629 shares; 2025Q3: 2,615,711 shares 2,615,711$40.4M6.94%+365,082Timeline
PAYSPAYSIGN INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: 5,611,128 shares; 2025Q1: 5,336,146 shares; 2025Q2: 5,421,737 shares; 2025Q3: 5,445,188 shares 5,445,188$34.3M5.89%+23,451Timeline
FRSHFRESHWORKS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: 1,680,000 shares; 2025Q1: 1,520,000 shares; 2025Q2: 1,933,213 shares; 2025Q3: 2,765,000 shares 2,765,000$32.5M5.6%+831,787Timeline
BLBLACKLINE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: 996,904 shares; 2025Q1: 914,000 shares; 2025Q2: 835,372 shares; 2025Q3: 569,937 shares 569,937$30.3M5.2%-265,435Timeline
CTKBCYTEK BIOSCIENCES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: 236,596 shares; 2025Q1: 1,470,775 shares; 2025Q2: 5,231,260 shares; 2025Q3: 6,944,280 shares 6,944,280$24.1M4.14%+1,713,020Timeline
LAWCS DISCO INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: 1,909,829 shares; 2025Q1: 1,784,222 shares; 2025Q2: 2,965,268 shares; 2025Q3: 3,206,003 shares 3,206,003$20.7M3.56%+240,735Timeline
UNFUNIFIRST CORP MASSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: 23,329 shares; 2025Q1: 48,961 shares; 2025Q2: 74,562 shares; 2025Q3: 122,381 shares 122,381$20.5M3.52%+47,819Timeline
SPTSPROUT SOCIAL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 1,358,712 shares 1,358,712$17.6M3.02%newTimeline
KRMDKORU MEDICAL SYSTEMS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: 4,327,164 shares; 2025Q1: 3,821,230 shares; 2025Q2: 3,608,347 shares; 2025Q3: 3,648,240 shares 3,648,240$14M2.4%+39,893Timeline
CTEVCLARITEV CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: 321,698 shares; 2025Q1: 278,257 shares; 2025Q2: 243,935 shares; 2025Q3: 201,782 shares 201,782$10.7M1.84%-42,153Timeline
MITKMITEK SYS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 528,766 shares; 2025Q3: 1,055,608 shares 1,055,608$10.3M1.77%+526,842Timeline
DCBODOCEBO INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 55,257 shares; 2025Q3: 323,219 shares 323,219$8.83M1.52%+267,962Timeline
OPXSOPTEX SYS HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: 779,901 shares; 2025Q1: 779,901 shares; 2025Q2: 691,256 shares; 2025Q3: 679,363 shares 679,363$8.76M1.51%-11,893Timeline
ACCSACCESS NEWSWIRE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: 709,264 shares; 2025Q1: 709,264 shares; 2025Q2: 709,264 shares; 2025Q3: 709,264 shares 709,264$7.61M1.31%0Timeline
ELAENVELA CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: 754,603 shares; 2025Q1: 754,963 shares; 2025Q2: 862,433 shares; 2025Q3: 862,918 shares 862,918$6.74M1.16%+485Timeline
CERTCERTARA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 546,471 shares 546,471$6.68M1.15%newTimeline
CORECARD CORPORATIONCORECARD CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: 322,337 shares; 2025Q1: 320,817 shares; 2025Q2: 128,894 shares; 2025Q3: 238,675 shares 238,675$6.43M1.1%+109,781
OSPNONESPAN INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 349,203 shares 349,203$5.55M0.95%newTimeline
JYNTJOINT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: 325,338 shares; 2025Q1: 378,294 shares; 2025Q2: 449,204 shares; 2025Q3: 430,451 shares 430,451$4.11M0.71%-18,753Timeline
IDNINTELLICHECK MOBILISA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: 1,159,878 shares; 2025Q1: 1,014,507 shares; 2025Q2: 894,649 shares; 2025Q3: 767,302 shares 767,302$3.99M0.69%-127,347Timeline
INMDINMODE LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 11,047 shares; 2025Q3: 264,770 shares 264,770$3.95M0.68%+253,723Timeline
SEMRSEMRUSH HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: 780,084 shares; 2025Q1: 99,426 shares; 2025Q2: not reported; 2025Q3: 554,126 shares 554,126$3.92M0.67%newTimeline
NABLN-ABLE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: 103,412 shares; 2025Q1: 101,789 shares; 2025Q2: not reported; 2025Q3: 454,495 shares 454,495$3.55M0.61%newTimeline
NEPHNEPHROS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: 419,887 shares; 2025Q1: 422,089 shares; 2025Q2: 477,449 shares; 2025Q3: 596,300 shares 596,300$2.82M0.48%+118,851Timeline
HGBLHERITAGE GLOBAL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: 1,927,096 shares; 2025Q1: 1,694,744 shares; 2025Q2: 1,678,507 shares; 2025Q3: 1,678,507 shares 1,678,507$2.79M0.48%0Timeline
DSPVIANT TECHNOLOGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 249,084 shares 249,084$2.15M0.37%newTimeline
NTWKNETSOL TECHNOLOGIES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: 515,682 shares; 2025Q1: 487,750 shares; 2025Q2: 467,750 shares; 2025Q3: 447,329 shares 447,329$2.12M0.37%-20,421Timeline
JAMFJAMF HOLDING CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 166,581 shares 166,581$1.78M0.31%newTimeline
RPAYREPAY HLDGS CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 303,638 shares 303,638$1.59M0.27%newTimeline
PRPOPRECIPIO INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 65,096 shares 65,096$1.16M0.2%newTimeline
SVCOSILVACO GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 232,290 shares; 2025Q3: 170,293 shares 170,293$921K0.16%-61,997Timeline
RSSSRESEARCH SOLUTIONS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 43,629 shares; 2025Q3: 244,928 shares 244,928$914K0.16%+201,299Timeline
CRGOFREIGHTOS LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 270,696 shares; 2025Q3: 269,048 shares 269,048$888K0.15%-1,648Timeline
WKWORKIVA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 58,000 shares; 2025Q3: 8,471 shares 8,471$729K0.13%-49,529Timeline
GOLDEN MATRIX GROUP INCGOLDEN MATRIX GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 53,215 shares; 2025Q3: 623,909 shares 623,909$705K0.12%+570,694
DIBS1STDIBS COM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 43,504 shares; 2025Q3: 192,115 shares 192,115$498K0.09%+148,611Timeline
PLPCPREFORMED LINE PRODS COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 2,104 shares 2,104$413K0.07%newTimeline
OFLXOMEGA FLEX INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 10,975 shares 10,975$342K0.06%newTimeline

Sold out in Q3 2025

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
SAPIENS INTERNATIONAL CORPSAPIENS INTERNATIONAL CORP1,037,075$30.3Mshares
RSIRUSH STREET INTERACTIVE INC1,807,124$26.9Mshares
PERFORMANT HEALTHCARE INCPERFORMANT HEALTHCARE INC5,462,442$21.8Mshares
PSFEPAYSAFE LIMITED620,000$7.82Mshares
SSENTINELONE INC175,269$3.2Mshares
ILMNILLUMINA INC24,600$2.35Mshares
EXFYEXPENSIFY INC776,796$2.01Mshares
FLYYSPIRIT AVIATION HLDGS INC COM(202,457$1.01Mshares
CCELCRYO-CELL INTL INC40,553$210Kshares
INNVINNOVAGE HLDG CORP43,378$160Kshares
BTMDBIOTE CORP28,595$115Kshares

How Q3 2025 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001792549-25-000006 base2025-11-14acceptance time not in the bulk data set