Topline Capital Management, LLC

Q3 2025 13F-HR Holdings

Location
Santa Monica, CA
Holdings as of
9/30/2025
Date filed
11/14/2025
Form type
13F-HR
Num holdings
42
Total value ($000)
$581,609
Net value change ($000)
-1,864 (-0.3%)
New positions
11
Sold out positions
11
Turnover %
24.2%
Sector allocation + QoQ delta (equities-only)
Prev filing: 8/14/2025 Next filing: 2/17/2026 SEC filing

Snapshot: Change Analysis

Compared to Q2 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
NUTX 19,021 49.4%
SPT 17,555 NEW
GDOT 8,448 15.8%
LAW 7,753 59.8%
DCBO 7,235 452.5%
PRAA 7,190 21.7%
CERT 6,678 NEW
UNF 6,427 45.8%
CTKB 6,311 35.5%
OSPN 5,549 NEW
Top Reduces (Value $000, Stocks/ETFs)
SAPIENS INTERNATIONAL CORP N V -30,334 -100.0%
RSI -26,926 -100.0%
PHLT -21,850 -100.0%
BL -17,035 -36.0%
PSFE -7,824 -100.0%
PAYS -4,787 -12.3%
CGNT -4,489 -6.9%
WK -3,241 -81.6%
S -3,204 -100.0%
ILMN -2,347 -100.0%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type