Topline Capital Management, LLC Diversified Active

CIK: 0001792549 · Show all filings

Period: Q1 2025 (← Previous) (Next →)

Filing Date: May 14, 2025

Total Value ($000): $436,833 (100.0% shares, 0.0% debt)

Holdings (38)

CGNT COGNYTE SOFTWARE LTD 12.7%

Value ($000) $55,377 Shares 7,099,650 Est. Cost $7.55 Unrealized +20.7%

NRDS NERDWALLET INC 10.9%

Value ($000) $47,523 Shares 5,251,145 Est. Cost $13.34 Unrealized -10.2%

BL BLACKLINE INC 10.1%

Value ($000) $44,256 Shares 914,000 Est. Cost $59.63 Unrealized -8.2%

GDOT GREEN DOT CORP 9.0%

Value ($000) $39,106 Shares 4,633,469 Est. Cost $11.03 Unrealized -23.1%

PSFE PAYSAFE LIMITED 7.2%

Value ($000) $31,638 Shares 2,016,445 Est. Cost $20.25 Unrealized -10.3%

— SAPIENS INTL CORP N V 5.9%

Value ($000) $25,610 Shares 945,377 Est. Cost $26.88 Unrealized —

RSI RUSH STREET INTERACTIVE INC 5.8%

Value ($000) $25,373 Shares 2,366,875 Est. Cost $12.39 Unrealized +6.1%

FRSH FRESHWORKS INC 4.9%

Value ($000) $21,447 Shares 1,520,000 Est. Cost $14.21 Unrealized +17.9%

— PERFORMANT HEALTHCARE INC 4.0%

Value ($000) $17,590 Shares 5,942,510 Est. Cost $3.02 Unrealized —

PRAA PRA GROUP INC 4.0%

Value ($000) $17,299 Shares 838,922 Est. Cost $21.21 Unrealized 0.0%

PAYS PAYSIGN INC 2.6%

Value ($000) $11,313 Shares 5,336,146 Est. Cost $3.51 Unrealized -23.8%

KRMD KORU MEDICAL SYSTEMS INC 2.2%

Value ($000) $9,706 Shares 3,821,230 Est. Cost $3.25 Unrealized +14.4%

UNF UNIFIRST CORP MASS 2.0%

Value ($000) $8,519 Shares 48,961 Est. Cost $198.58 Unrealized +4.4%

NUTX NUTEX HEALTH INC 1.9%

Value ($000) $8,452 Shares 179,713 Est. Cost $28.50 Unrealized +71.2%

LAW CS DISCO INC 1.7%

Value ($000) $7,297 Shares 1,784,222 Est. Cost $5.81 Unrealized -16.3%

ACCS ACCESS NEWSWIRE INC 1.4%

Value ($000) $6,263 Shares 709,264 Est. Cost $9.93 Unrealized -5.0%

— CORECARD CORPORATION 1.4%

Value ($000) $6,002 Shares 320,817 Est. Cost $22.70 Unrealized —

CTKB CYTEK BIOSCIENCES INC 1.4%

Value ($000) $5,898 Shares 1,470,775 Est. Cost $5.31 Unrealized -2.3%

CTEV CLARITEV CORPORATION 1.3%

Value ($000) $5,740 Shares 278,257 Est. Cost $8.83 Unrealized +125.3%

CVEO CIVEO CORP CDA 1.1%

Value ($000) $4,895 Shares 212,823 Est. Cost $24.61 Unrealized -5.6%

JYNT JOINT CORP 1.1%

Value ($000) $4,725 Shares 378,294 Est. Cost $11.18 Unrealized +1.1%

ELA ENVELA CORP 1.1%

Value ($000) $4,703 Shares 754,963 Est. Cost $6.21 Unrealized +4.7%

OPXS OPTEX SYS HLDGS INC 1.0%

Value ($000) $4,430 Shares 779,901 Est. Cost $8.39 Unrealized -26.7%

HGBL HERITAGE GLOBAL INC 0.8%

Value ($000) $3,695 Shares 1,694,744 Est. Cost $1.69 Unrealized +26.3%

IDN INTELLICHECK INC 0.7%

Value ($000) $3,074 Shares 1,014,507 Est. Cost $2.52 Unrealized +4.6%

EXFY EXPENSIFY INC 0.7%

Value ($000) $2,862 Shares 941,609 Est. Cost $2.71 Unrealized +28.4%

GAMB GAMBLING COM GROUP LIMITED 0.7%

Value ($000) $2,840 Shares 225,000 Est. Cost $11.76 Unrealized +19.6%

QTRX QUANTERIX CORP 0.6%

Value ($000) $2,513 Shares 386,037 Est. Cost $8.34 Unrealized 0.0%

ILMN ILLUMINA INC 0.5%

Value ($000) $2,158 Shares 27,200 Est. Cost $108.24 Unrealized 0.0%

VSTS VESTIS CORPORATION 0.3%

Value ($000) $1,287 Shares 130,000 Est. Cost $15.05 Unrealized -11.8%

NTWK NETSOL TECHNOLOGIES INC 0.3%

Value ($000) $1,180 Shares 487,750 Est. Cost $2.87 Unrealized -11.7%

CMBM CAMBIUM NETWORKS CORP 0.2%

Value ($000) $996 Shares 1,411,420 Est. Cost $1.18 Unrealized -16.9%

SEMR SEMRUSH HLDGS INC 0.2%

Value ($000) $928 Shares 99,426 Est. Cost $13.43 Unrealized +1.5%

NEPH NEPHROS INC 0.2%

Value ($000) $726 Shares 422,089 Est. Cost $1.52 Unrealized +3.0%

NABL N-ABLE INC 0.2%

Value ($000) $722 Shares 101,789 Est. Cost $11.21 Unrealized -20.6%

CCEL CRYO-CELL INTL INC 0.1%

Value ($000) $304 Shares 47,791 Est. Cost $7.00 Unrealized -0.9%

INNV INNOVAGE HLDG CORP 0.0%

Value ($000) $209 Shares 70,143 Est. Cost $4.90 Unrealized -29.5%

GAIA GAIA INC NEW 0.0%

Value ($000) $177 Shares 45,944 Est. Cost $5.47 Unrealized -14.4%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
CGNT	COGNYTE SOFTWARE LTD	7,099,650	$55,377	12.7%	$7.55	+20.7%	ORD SHS	M25133105
NRDS	NERDWALLET INC	5,251,145	$47,523	10.9%	$13.34	-10.2%	COM CL A	64082B102
BL	BLACKLINE INC	914,000	$44,256	10.1%	$59.63	-8.2%	COM	09239B109
GDOT	GREEN DOT CORP	4,633,469	$39,106	9.0%	$11.03	-23.1%	CL A	39304D102
PSFE	PAYSAFE LIMITED	2,016,445	$31,638	7.2%	$20.25	-10.3%	SHS	G6964L206
—	SAPIENS INTL CORP N V	945,377	$25,610	5.9%	$26.88	—	SHS	G7T16G103
RSI	RUSH STREET INTERACTIVE INC	2,366,875	$25,373	5.8%	$12.39	+6.1%	COM	782011100
FRSH	FRESHWORKS INC	1,520,000	$21,447	4.9%	$14.21	+17.9%	CLASS A COM	358054104
—	PERFORMANT HEALTHCARE INC	5,942,510	$17,590	4.0%	$3.02	—	COM	71377E105
PRAA	PRA GROUP INC	838,922	$17,299	4.0%	$21.21	0.0%	COM	69354N106
PAYS	PAYSIGN INC	5,336,146	$11,313	2.6%	$3.51	-23.8%	COM	70451A104
KRMD	KORU MEDICAL SYSTEMS INC	3,821,230	$9,706	2.2%	$3.25	+14.4%	COM	759910102
UNF	UNIFIRST CORP MASS	48,961	$8,519	2.0%	$198.58	+4.4%	COM	904708104
NUTX	NUTEX HEALTH INC	179,713	$8,452	1.9%	$28.50	+71.2%	COM	67079U306
LAW	CS DISCO INC	1,784,222	$7,297	1.7%	$5.81	-16.3%	COM	126327105
ACCS	ACCESS NEWSWIRE INC	709,264	$6,263	1.4%	$9.93	-5.0%	COM NEW	46520M204
—	CORECARD CORPORATION	320,817	$6,002	1.4%	$22.70	—	COM	45816D100
CTKB	CYTEK BIOSCIENCES INC	1,470,775	$5,898	1.4%	$5.31	-2.3%	COM	23285D109
CTEV	CLARITEV CORPORATION	278,257	$5,740	1.3%	$8.83	+125.3%	CL A NEW	62548M209
CVEO	CIVEO CORP CDA	212,823	$4,895	1.1%	$24.61	-5.6%	COM NEW	17878Y207
JYNT	JOINT CORP	378,294	$4,725	1.1%	$11.18	+1.1%	COM	47973J102
ELA	ENVELA CORP	754,963	$4,703	1.1%	$6.21	+4.7%	COM	29402E102
OPXS	OPTEX SYS HLDGS INC	779,901	$4,430	1.0%	$8.39	-26.7%	COM NEW	68384X209
HGBL	HERITAGE GLOBAL INC	1,694,744	$3,695	0.8%	$1.69	+26.3%	COM	42727E103
IDN	INTELLICHECK INC	1,014,507	$3,074	0.7%	$2.52	+4.6%	COM NEW	45817G201
EXFY	EXPENSIFY INC	941,609	$2,862	0.7%	$2.71	+28.4%	COM CL A	30219Q106
GAMB	GAMBLING COM GROUP LIMITED	225,000	$2,840	0.7%	$11.76	+19.6%	ORDINARY SHARES	G3R239101
QTRX	QUANTERIX CORP	386,037	$2,513	0.6%	$8.34	0.0%	COM	74766Q101
ILMN	ILLUMINA INC	27,200	$2,158	0.5%	$108.24	0.0%	COM	452327109
VSTS	VESTIS CORPORATION	130,000	$1,287	0.3%	$15.05	-11.8%	COM SHS	29430C102
NTWK	NETSOL TECHNOLOGIES INC	487,750	$1,180	0.3%	$2.87	-11.7%	COM PAR $.001	64115A402
CMBM	CAMBIUM NETWORKS CORP	1,411,420	$996	0.2%	$1.18	-16.9%	SHS	G17766109
SEMR	SEMRUSH HLDGS INC	99,426	$928	0.2%	$13.43	+1.5%	CL A COM	81686C104
NEPH	NEPHROS INC	422,089	$726	0.2%	$1.52	+3.0%	COM	640671400
NABL	N-ABLE INC	101,789	$722	0.2%	$11.21	-20.6%	COMMON STOCK	62878D100
CCEL	CRYO-CELL INTL INC	47,791	$304	0.1%	$7.00	-0.9%	COM	228895108
INNV	INNOVAGE HLDG CORP	70,143	$209	0.0%	$4.90	-29.5%	COM	45784A104
GAIA	GAIA INC NEW	45,944	$177	0.0%	$5.47	-14.4%	CL A	36269P104