Topline Capital Management, LLC Diversified Active

Location: Santa Monica, CA

CIK: 0001792549 · Show all filings

Period: Q2 2025 (← Previous) (Next →)

Filing Date: Aug 14, 2025

Total Value: $583M (100.0% shares, 0.0% debt)

Holdings (42)

CGNT COGNYTE SOFTWARE LTD 11.1%

Value $64.93M Shares 7,027,290 Est. Cost $7.55 Unrealized +30.3%

NRDS NERDWALLET INC 9.9%

Value $57.61M Shares 5,251,145 Est. Cost $13.34 Unrealized -24.8%

GDOT GREEN DOT CORP 9.2%

Value $53.53M Shares 4,965,286 Est. Cost $10.90 Unrealized -17.1%

BL BLACKLINE INC 8.1%

Value $47.3M Shares 835,372 Est. Cost $59.63 Unrealized -13.4%

PAYS PAYSIGN INC 6.7%

Value $39.04M Shares 5,421,737 Est. Cost $3.51 Unrealized +2.1%

NUTX NUTEX HEALTH INC 6.6%

Value $38.48M Shares 309,131 Est. Cost $70.65 Unrealized +82.8%

PRAA PRA GROUP INC 5.7%

Value $33.2M Shares 2,250,629 Est. Cost $17.90 Unrealized -11.0%

— SAPIENS INTL CORP N V 5.2%

Value $30.33M Shares 1,037,075 Est. Cost $27.09 Unrealized —

FRSH FRESHWORKS INC 4.9%

Value $28.82M Shares 1,933,213 Est. Cost $14.25 Unrealized +1.1%

RSI RUSH STREET INTERACTIVE INC 4.6%

Value $26.93M Shares 1,807,124 Est. Cost $12.39 Unrealized +0.2%

— PERFORMANT HEALTHCARE INC 3.7%

Value $21.85M Shares 5,462,442 Est. Cost $3.02 Unrealized —

CTKB CYTEK BIOSCIENCES INC 3.0%

Value $17.79M Shares 5,231,260 Est. Cost $3.89 Unrealized -14.3%

UNF UNIFIRST CORP MASS 2.4%

Value $14.03M Shares 74,562 Est. Cost $192.38 Unrealized -6.2%

LAW CS DISCO INC 2.2%

Value $12.96M Shares 2,965,268 Est. Cost $5.05 Unrealized -22.5%

KRMD KORU MEDICAL SYSTEMS INC 2.2%

Value $12.92M Shares 3,608,347 Est. Cost $3.25 Unrealized -12.5%

CTEV CLARITEV CORPORATION 1.9%

Value $11.01M Shares 243,935 Est. Cost $8.83 Unrealized +225.8%

ACCS ACCESS NEWSWIRE INC 1.5%

Value $8.724M Shares 709,264 Est. Cost $9.93 Unrealized -3.1%

OPXS OPTEX SYS HLDGS INC 1.4%

Value $7.943M Shares 691,256 Est. Cost $8.39 Unrealized -7.2%

PSFE PAYSAFE LIMITED 1.3%

Value $7.824M Shares 620,000 Est. Cost $20.25 Unrealized -32.5%

ELA ENVELA CORP 0.9%

Value $5.278M Shares 862,433 Est. Cost $6.21 Unrealized -0.2%

MITK MITEK SYS INC 0.9%

Value $5.235M Shares 528,766 Est. Cost $8.98 Unrealized 0.0%

JYNT JOINT CORP 0.9%

Value $5.184M Shares 449,204 Est. Cost $11.11 Unrealized -3.7%

IDN INTELLICHECK INC 0.8%

Value $4.822M Shares 894,649 Est. Cost $2.52 Unrealized +51.9%

WK WORKIVA INC 0.7%

Value $3.97M Shares 58,000 Est. Cost $68.78 Unrealized 0.0%

— CORECARD CORPORATION 0.6%

Value $3.734M Shares 128,894 Est. Cost $22.70 Unrealized —

HGBL HERITAGE GLOBAL INC 0.6%

Value $3.726M Shares 1,678,507 Est. Cost $1.69 Unrealized +24.1%

S SENTINELONE INC 0.5%

Value $3.204M Shares 175,269 Est. Cost $18.29 Unrealized 0.0%

ILMN ILLUMINA INC 0.4%

Value $2.347M Shares 24,600 Est. Cost $108.24 Unrealized -25.0%

EXFY EXPENSIFY INC 0.3%

Value $2.012M Shares 776,796 Est. Cost $2.71 Unrealized -5.6%

NEPH NEPHROS INC 0.3%

Value $1.953M Shares 477,449 Est. Cost $1.65 Unrealized +60.6%

DCBO DOCEBO INC 0.3%

Value $1.599M Shares 55,257 Est. Cost $28.36 Unrealized 0.0%

NTWK NETSOL TECHNOLOGIES INC 0.2%

Value $1.455M Shares 467,750 Est. Cost $2.87 Unrealized -8.3%

SVCO SILVACO GROUP INC 0.2%

Value $1.096M Shares 232,290 Est. Cost $4.73 Unrealized 0.0%

FLYYQ SPIRIT AVIATION HLDGS INC 0.2%

Value $1.01M Shares 202,457 Est. Cost $5.90 Unrealized 0.0%

CRGO FREIGHTOS LTD 0.1%

Value $658K Shares 270,696 Est. Cost $2.22 Unrealized 0.0%

CCEL CRYO-CELL INTL INC 0.0%

Value $210K Shares 40,553 Est. Cost $7.00 Unrealized -25.9%

INNV INNOVAGE HLDG CORP 0.0%

Value $160K Shares 43,378 Est. Cost $4.90 Unrealized -28.5%

INMD INMODE LTD 0.0%

Value $160K Shares 11,047 Est. Cost $14.67 Unrealized 0.0%

RSSS RESEARCH SOLUTIONS INC 0.0%

Value $125K Shares 43,629 Est. Cost $2.74 Unrealized 0.0%

DIBS 1STDIBS COM INC 0.0%

Value $120K Shares 43,504 Est. Cost $2.59 Unrealized 0.0%

BTMD BIOTE CORP 0.0%

Value $115K Shares 28,595 Est. Cost $3.69 Unrealized 0.0%

GMGI GOLDEN MATRIX GROUP INC 0.0%

Value $90,466 Shares 53,215 Est. Cost $1.81 Unrealized 0.0%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
CGNT	COGNYTE SOFTWARE LTD	7,027,290	$64.93M	11.1%	$7.55	+30.3%	ORD SHS	M25133105
NRDS	NERDWALLET INC	5,251,145	$57.61M	9.9%	$13.34	-24.8%	COM CL A	64082B102
GDOT	GREEN DOT CORP	4,965,286	$53.53M	9.2%	$10.90	-17.1%	CL A	39304D102
BL	BLACKLINE INC	835,372	$47.3M	8.1%	$59.63	-13.4%	COM	09239B109
PAYS	PAYSIGN INC	5,421,737	$39.04M	6.7%	$3.51	+2.1%	COM	70451A104
NUTX	NUTEX HEALTH INC	309,131	$38.48M	6.6%	$70.65	+82.8%	COM	67079U306
PRAA	PRA GROUP INC	2,250,629	$33.2M	5.7%	$17.90	-11.0%	COM	69354N106
—	SAPIENS INTL CORP N V	1,037,075	$30.33M	5.2%	$27.09	—	SHS	G7T16G103
FRSH	FRESHWORKS INC	1,933,213	$28.82M	4.9%	$14.25	+1.1%	CLASS A COM	358054104
RSI	RUSH STREET INTERACTIVE INC	1,807,124	$26.93M	4.6%	$12.39	+0.2%	COM	782011100
—	PERFORMANT HEALTHCARE INC	5,462,442	$21.85M	3.7%	$3.02	—	COM	71377E105
CTKB	CYTEK BIOSCIENCES INC	5,231,260	$17.79M	3.0%	$3.89	-14.3%	COM	23285D109
UNF	UNIFIRST CORP MASS	74,562	$14.03M	2.4%	$192.38	-6.2%	COM	904708104
LAW	CS DISCO INC	2,965,268	$12.96M	2.2%	$5.05	-22.5%	COM	126327105
KRMD	KORU MEDICAL SYSTEMS INC	3,608,347	$12.92M	2.2%	$3.25	-12.5%	COM	759910102
CTEV	CLARITEV CORPORATION	243,935	$11.01M	1.9%	$8.83	+225.8%	CL A NEW	62548M209
ACCS	ACCESS NEWSWIRE INC	709,264	$8.724M	1.5%	$9.93	-3.1%	COM NEW	46520M204
OPXS	OPTEX SYS HLDGS INC	691,256	$7.943M	1.4%	$8.39	-7.2%	COM NEW	68384X209
PSFE	PAYSAFE LIMITED	620,000	$7.824M	1.3%	$20.25	-32.5%	SHS	G6964L206
ELA	ENVELA CORP	862,433	$5.278M	0.9%	$6.21	-0.2%	COM	29402E102
MITK	MITEK SYS INC	528,766	$5.235M	0.9%	$8.98	0.0%	COM NEW	606710200
JYNT	JOINT CORP	449,204	$5.184M	0.9%	$11.11	-3.7%	COM	47973J102
IDN	INTELLICHECK INC	894,649	$4.822M	0.8%	$2.52	+51.9%	COM NEW	45817G201
WK	WORKIVA INC	58,000	$3.97M	0.7%	$68.78	0.0%	COM CL A	98139A105
—	CORECARD CORPORATION	128,894	$3.734M	0.6%	$22.70	—	COM	45816D100
HGBL	HERITAGE GLOBAL INC	1,678,507	$3.726M	0.6%	$1.69	+24.1%	COM	42727E103
S	SENTINELONE INC	175,269	$3.204M	0.5%	$18.29	0.0%	CL A	81730H109
ILMN	ILLUMINA INC	24,600	$2.347M	0.4%	$108.24	-25.0%	COM	452327109
EXFY	EXPENSIFY INC	776,796	$2.012M	0.3%	$2.71	-5.6%	COM CL A	30219Q106
NEPH	NEPHROS INC	477,449	$1.953M	0.3%	$1.65	+60.6%	COM	640671400
DCBO	DOCEBO INC	55,257	$1.599M	0.3%	$28.36	0.0%	COM	25609L105
NTWK	NETSOL TECHNOLOGIES INC	467,750	$1.455M	0.2%	$2.87	-8.3%	COM PAR $.001	64115A402
SVCO	SILVACO GROUP INC	232,290	$1.096M	0.2%	$4.73	0.0%	COM	82728C102
FLYYQ	SPIRIT AVIATION HLDGS INC	202,457	$1.01M	0.2%	$5.90	0.0%	COM	84863V101
CRGO	FREIGHTOS LTD	270,696	$658K	0.1%	$2.22	0.0%	ORD SHS	G51405101
CCEL	CRYO-CELL INTL INC	40,553	$210K	0.0%	$7.00	-25.9%	COM	228895108
INNV	INNOVAGE HLDG CORP	43,378	$160K	0.0%	$4.90	-28.5%	COM	45784A104
INMD	INMODE LTD	11,047	$160K	0.0%	$14.67	0.0%	SHS	M5425M103
RSSS	RESEARCH SOLUTIONS INC	43,629	$125K	0.0%	$2.74	0.0%	COM	761025105
DIBS	1STDIBS COM INC	43,504	$120K	0.0%	$2.59	0.0%	COM	320551104
BTMD	BIOTE CORP	28,595	$115K	0.0%	$3.69	0.0%	CLASS A COM	090683103
GMGI	GOLDEN MATRIX GROUP INC	53,215	$90,466	0.0%	$1.81	0.0%	COM	381098300