Skip to content
Disclosery

Topline Capital Management, LLC

Follow

13F filer, CIK 1792549, SANTA MONICA, CA

Topline Capital Management, LLC reported $1,105,285,660 across 49 holdings for the quarter ended 2025-12-31, in a 13F-HR filed 2026-02-17. Its ten largest share positions make up 66.8% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001792549-26-000021

Period
2025-12-31
Reported value
$1.11B
Holdings
49
Top 10 weight
66.8%
New
15
Sold out
8

Largest buys vs the previous quarter

SecurityShares changeApprox. value
Snew+7,612,982$114M
DVnew+8,453,543$96.7M
MNDYnew+468,000$69.1M
FRSHadded+3,458,651$42.4M
WKadded+279,779$24.1M

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
BLreduced-332,764-$18.4M
GDOTreduced-1,298,988-$16.6M
CORECARD CORPORATIONexited-238,675-$6.43M
JYNTexited-430,451-$4.11M
SEMRexited-554,126-$3.92M

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, Q4 2025

Share positions as resolved from 13F-HR 0001792549-26-000021, largest first. % of portfolio is the value over $1,105,285,660, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
SSENTINELONE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 175,269 shares; 2025Q3: not reported; 2025Q4: 7,612,982 shares 7,612,982$114M10.33%newTimeline
NUTXNUTEX HEALTH INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: 179,540 shares; 2025Q1: 179,713 shares; 2025Q2: 309,131 shares; 2025Q3: 556,567 shares; 2025Q4: 675,494 shares 675,494$111M10.06%+118,927Timeline
DVDOUBLEVERIFY HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 8,453,543 shares 8,453,543$96.7M8.75%newTimeline
FRSHFRESHWORKS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 6,223,651 shares 6,223,651$76.2M6.9%+3,458,651Timeline
NRDSNERDWALLET INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 5,251,145 shares 5,251,145$71.2M6.44%0Timeline
MNDYMONDAY COM LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 468,000 shares 468,000$69.1M6.25%newTimeline
CGNTCOGNYTE SOFTWARE LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 7,238,153 shares 7,238,153$68M6.16%+42,534Timeline
PRAAPRA GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: not reported; 2025Q1: 838,922 shares; 2025Q2: 2,250,629 shares; 2025Q3: 2,615,711 shares; 2025Q4: 2,918,487 shares 2,918,487$51.6M4.67%+302,776Timeline
GDOTGREEN DOT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 3,315,574 shares 3,315,574$42.5M3.84%-1,298,988Timeline
CTKBCYTEK BIOSCIENCES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 7,442,466 shares 7,442,466$37.6M3.4%+498,186Timeline
SPTSPROUT SOCIAL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 1,358,712 shares; 2025Q4: 2,889,410 shares 2,889,410$32.6M2.95%+1,530,698Timeline
UNFUNIFIRST CORP MASSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: 23,329 shares; 2025Q1: 48,961 shares; 2025Q2: 74,562 shares; 2025Q3: 122,381 shares; 2025Q4: 158,117 shares 158,117$30.5M2.76%+35,736Timeline
PAYSPAYSIGN INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 5,504,288 shares 5,504,288$28.3M2.56%+59,100Timeline
LAWCS DISCO INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 3,317,374 shares 3,317,374$25.7M2.33%+111,371Timeline
WKWORKIVA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 58,000 shares; 2025Q3: 8,471 shares; 2025Q4: 288,250 shares 288,250$24.9M2.25%+279,779Timeline
KRMDKORU MEDICAL SYSTEMS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 3,941,014 shares 3,941,014$22.9M2.07%+292,774Timeline
MITKMITEK SYS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 528,766 shares; 2025Q3: 1,055,608 shares; 2025Q4: 1,909,722 shares 1,909,722$20.1M1.82%+854,114Timeline
DCBODOCEBO INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 55,257 shares; 2025Q3: 323,219 shares; 2025Q4: 871,299 shares 871,299$19.3M1.75%+548,080Timeline
CERTCERTARA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 546,471 shares; 2025Q4: 1,990,927 shares 1,990,927$17.5M1.59%+1,444,456Timeline
ILMNILLUMINA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: not reported; 2025Q1: 27,200 shares; 2025Q2: 24,600 shares; 2025Q3: not reported; 2025Q4: 110,076 shares 110,076$14.4M1.31%newTimeline
BLBLACKLINE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: 996,904 shares; 2025Q1: 914,000 shares; 2025Q2: 835,372 shares; 2025Q3: 569,937 shares; 2025Q4: 237,173 shares 237,173$13.1M1.19%-332,764Timeline
ZVIAZEVIA PBCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 5,121,790 shares 5,121,790$11.9M1.08%newTimeline
ELAENVELA CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: 754,603 shares; 2025Q1: 754,963 shares; 2025Q2: 862,433 shares; 2025Q3: 862,918 shares; 2025Q4: 851,763 shares 851,763$11.4M1.03%-11,155Timeline
NABLN-ABLE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: 103,412 shares; 2025Q1: 101,789 shares; 2025Q2: not reported; 2025Q3: 454,495 shares; 2025Q4: 1,387,181 shares 1,387,181$10.4M0.94%+932,686Timeline
OPXSOPTEX SYS HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: 779,901 shares; 2025Q1: 779,901 shares; 2025Q2: 691,256 shares; 2025Q3: 679,363 shares; 2025Q4: 672,934 shares 672,934$9.54M0.86%-6,429Timeline
OSPNONESPAN INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 349,203 shares; 2025Q4: 680,433 shares 680,433$8.74M0.79%+331,230Timeline
INMDINMODE LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 11,047 shares; 2025Q3: 264,770 shares; 2025Q4: 592,461 shares 592,461$8.7M0.79%+327,691Timeline
CTEVCLARITEV CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: 321,698 shares; 2025Q1: 278,257 shares; 2025Q2: 243,935 shares; 2025Q3: 201,782 shares; 2025Q4: 196,718 shares 196,718$8.41M0.76%-5,064Timeline
STAASTAAR SURGICAL COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 297,672 shares 297,672$6.87M0.62%newTimeline
ACCSACCESS NEWSWIRE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: 709,264 shares; 2025Q1: 709,264 shares; 2025Q2: 709,264 shares; 2025Q3: 709,264 shares; 2025Q4: 709,264 shares 709,264$6.6M0.6%0Timeline
IDNINTELLICHECK MOBILISA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 761,026 shares 761,026$5.08M0.46%-6,276Timeline
DSPVIANT TECHNOLOGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 249,084 shares; 2025Q4: 368,959 shares 368,959$4.44M0.4%+119,875Timeline
SSTISOUNDTHINKING INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 545,666 shares 545,666$4.38M0.4%newTimeline
CRCTCRICUT INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 644,621 shares 644,621$3.19M0.29%newTimeline
NEPHNEPHROS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: 419,887 shares; 2025Q1: 422,089 shares; 2025Q2: 477,449 shares; 2025Q3: 596,300 shares; 2025Q4: 614,302 shares 614,302$3M0.27%+18,002Timeline
HGBLHERITAGE GLOBAL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 1,850,964 shares 1,850,964$2.3M0.21%+172,457Timeline
EEFTEURONET WORLDWIDE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 22,515 shares 22,515$1.71M0.16%newTimeline
RSSSRESEARCH SOLUTIONS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 43,629 shares; 2025Q3: 244,928 shares; 2025Q4: 554,506 shares 554,506$1.63M0.15%+309,578Timeline
NTWKNETSOL TECHNOLOGIES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: 515,682 shares; 2025Q1: 487,750 shares; 2025Q2: 467,750 shares; 2025Q3: 447,329 shares; 2025Q4: 441,264 shares 441,264$1.34M0.12%-6,065Timeline
TRCTEJON RANCH COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 80,273 shares 80,273$1.27M0.11%newTimeline
PRPOPRECIPIO INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 65,096 shares; 2025Q4: 48,896 shares 48,896$1.12M0.1%-16,200Timeline
GOLDEN MATRIX GROUP INCGOLDEN MATRIX GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 53,215 shares; 2025Q3: 623,909 shares; 2025Q4: 1,396,108 shares 1,396,108$1.12M0.1%+772,199
CERSCERUS CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 410,963 shares 410,963$847K0.08%newTimeline
DIBS1STDIBS COM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 43,504 shares; 2025Q3: 192,115 shares; 2025Q4: 136,514 shares 136,514$818K0.07%-55,601Timeline
CRGOFREIGHTOS LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 270,696 shares; 2025Q3: 269,048 shares; 2025Q4: 356,834 shares 356,834$814K0.07%+87,786Timeline
SOTKSONO TEK CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 169,875 shares 169,875$702K0.06%newTimeline
FORRFORRESTER RESH INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 65,168 shares 65,168$529K0.05%newTimeline
NAIINATURAL ALTERNATIVES INTL INQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 109,503 shares 109,503$392K0.04%newTimeline
KRTKARAT PACKAGING INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 14,022 shares 14,022$316K0.03%newTimeline

Sold out in Q4 2025

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

SecurityShares beforeValue beforeType
CORECARD CORPORATIONCORECARD CORPORATION238,675$6.43Mshares
JYNTJOINT CORP430,451$4.11Mshares
SEMRSEMRUSH HLDGS INC554,126$3.92Mshares
JAMFJAMF HOLDING CORP166,581$1.78Mshares
RPAYREPAY HLDGS CORP303,638$1.59Mshares
SVCOSILVACO GROUP INC170,293$921Kshares
PLPCPREFORMED LINE PRODS CO2,104$413Kshares
OFLXOMEGA FLEX INC10,975$342Kshares

How Q4 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 0001792549-26-000021 base2026-02-17acceptance time not in the bulk data set