TOPLINE CAPITAL MANAGEMENT LLC
Q3 2025 Form 13-F
SANTA MONICA, CALIFORNIA
CIK 0001792549
· CRD 298981
· SEC-registered investment adviser
$581.6M Reported Value Total
TOPLINE CAPITAL MANAGEMENT, LLC reports 2 total accounts under management (AUM). There are 2 discretionary accounts valued at $1,134,131,443, and 0 non-discretionary accounts.
Source: Form ADV filed * Note that certain holdings are exempt from Form 13-F reporting, so the AUM totals may be greater than the Form 13-F total.
Private funds (Form ADV)
1 fund
· $1.1B gross asset value
Hedge Fund: $1.1B
Source: Form ADV filed 2026-03-20
Reported value
$581.6M
Quarter over quarter
-0.7%
Holdings
42
Top-10 concentration
72.0%
Key People
Form ADV owners & control persons
Collin Mcbirney
MANAGING MEMBER AND CHIEF COMPLIANCE OFFICER
Filing Navigation
13F Metrics
Loading 13F Metrics
Q3 2025 13F record
Q3 2025 13F filing summary
| Period of report | September 30, 2025 |
|---|---|
| Filed | November 14, 2025 |
| Form | 13F-HR |
| Reported value | $581.6M |
| Positions | 42 |
| Change in reported value | -0.3% |
| New positions | 11 |
| Exited positions | 11 |
| Position turnover | 41.5% |
| Top-10 concentration | 72.0% |
13F filings by quarter
| Quarter | Positions | Value |
|---|---|---|
|
Q2 2026 13F
Filed Aug 14, 2026
|
36 | $385.7M |
|
Q1 2026 13F
Filed May 15, 2026
|
43 | $605.3M |
|
Q4 2025 13F
Filed Feb 17, 2026
|
49 | $1.1B |
|
Q3 2025 13F
Filed Nov 14, 2025
|
42 | $581.6M |
|
Q2 2025 13F
Filed Aug 14, 2025
|
42 | $583.5M |
|
Q1 2025 13F
Filed May 14, 2025
|
38 | $436.8M |
|
Q4 2024 13F
Filed Feb 14, 2025
|
36 | $528.8M |
Top 20 holdings · Q3 2025
| # | Holding | Reported value | % of portfolio |
|---|---|---|---|
| 1 | GDOT GREEN DOT CORP | $62.0M | 10.66% |
| 2 | CGNT COGNYTE SOFTWARE LTD | $60.4M | 10.39% |
| 3 | NUTX NUTEX HEALTH INC | $57.5M | 9.89% |
| 4 | NRDS NERDWALLET INC | $56.5M | 9.71% |
| 5 | PRAA PRA GROUP INC | $40.4M | 6.94% |
| 6 | PAYS PAYSIGN INC | $34.3M | 5.89% |
| 7 | FRSH FRESHWORKS INC | $32.5M | 5.6% |
| 8 | BL BLACKLINE INC | $30.3M | 5.2% |
| 9 | CTKB CYTEK BIOSCIENCES INC | $24.1M | 4.14% |
| 10 | LAW CS DISCO INC | $20.7M | 3.56% |
| 11 | UNF UNIFIRST CORP MASS | $20.5M | 3.52% |
| 12 | SPT SPROUT SOCIAL INC | $17.6M | 3.02% |
| 13 | KRMD KORU MEDICAL SYSTEMS INC | $14.0M | 2.4% |
| 14 | CTEV CLARITEV CORPORATION | $10.7M | 1.84% |
| 15 | MITK MITEK SYS INC | $10.3M | 1.77% |
| 16 | DCBO DOCEBO INC | $8.8M | 1.52% |
| 17 | OPXS OPTEX SYS HLDGS INC | $8.8M | 1.51% |
| 18 | ISDR ACCESS NEWSWIRE INC | $7.6M | 1.31% |
| 19 | ELA ENVELA CORP | $6.7M | 1.16% |
| 20 | CERT CERTARA INC | $6.7M | 1.15% |
Values as reported on the Q3 2025 Form 13F. Every position is in the holdings table below.