Potomac Capital Management, Inc.

CIK 1418746 · View on SEC EDGAR ↗

Portfolio value QoQ: +27.4% 13F does not disclose cash

Top 10 holdings weight55.01%

Top 25 holdings weight81.33%

Positions above 1%25

Effective number of positions22.0

Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)

Turnover Q2 2026: 17.33% Est. buys $23,906,753 · sells $22,656,313

New positions15

Increased20

Decreased19

Closed12

Put-notional exposure: 6.1% puts 13F reports option positions at underlying notional value — may include hedges, not necessarily bearish bets

Portfolio value $146.5M #7,590 of 9,339 by 13F value · top 81.3%

Positions 68

As of June 30, 2026 Data as of Q2 2026

Performance vs S&P 500

Tracked Q4 2025–Q2 2026 +16.5%

S&P 500 total return (same window) +8.7%

Excess return +7.8%

Approximates a buy-and-hold portfolio built from quarterly SEC 13F snapshots. Excludes cash, short positions, options/derivatives, and non-13(f) securities — reflects the disclosed long-equity book only, not total fund AUM. SEC filing lag is up to 45 days; this is not a real-time-copyable timing.

Priceable coverage: 94.0% · Options excluded: 2.3%

Sector breakdown

Communication Services 27.7%

Technology 20.0%

Industrials 11.9%

Financials 7.5%

Consumer Discretionary 6.2%

Healthcare 4.3%

Retail 3.5%

Utilities 1.4%

Materials 1.2%

Real Estate 1.0%

Consumer Staples 0.5%

Other/Unmapped 14.8%

Full portfolio 68 positions

				Type		Streak
SATS EchoStar Corporation - Common stock	$17,278,674	11.79%	166,277		$-5,901,186	Down ×2
ATEX Anterix Inc. - Common Stock	$15,963,009	10.89%	155,071		$9,325,511	Down ×1
LSAK Lesaka Technologies, Inc. - Common Stock	$7,529,550	5.14%	1,515,000		$1,868,238	Up ×2
PESI Perma-Fix Environmental Services, Inc. - Common Stock	$6,816,330	4.65%	477,000		$3,644,607	Up ×1
DSP Viant Technology Inc. - common stock	$6,811,080	4.65%	538,000		$845,557	Up ×2
CNXX CUSIP: 212873103	$6,688,477	4.56%	1,046,710		$1,231,479	Down ×1
WYY CUSIP: 967590209	$5,235,335	3.57%	299,162		$3,874,163	Up ×2
XPER Xperi Inc. Common Stock	$5,137,989	3.51%	624,300		$1,669,909	Up ×2
INSE Inspired Entertainment, Inc. - Common Stock	$5,088,600	3.47%	616,800		$692,242	Up ×1
IWM iShares Trust	$4,056,075	2.77%	13,500	Put option
DUOT Duos Technologies Group, Inc. - Common Stock	$3,759,600	2.57%	313,300		$1,535,711	Down ×1
QQQ Invesco QQQ Trust, Series 1	$3,682,000	2.51%	5,000	Put option		Up ×1
CLAR Clarus Corporation - Common Stock	$3,562,650	2.43%	1,131,000		$486,330
AIOT PowerFleet, Inc. - Common Stock	$3,492,960	2.38%	912,000		$686,464	Up ×2
ALLT Allot Ltd. - Ordinary Shares	$3,306,360	2.26%	373,600		$819,516	Up ×2
GRPN Groupon, Inc. - Common Stock	$2,964,192	2.02%	123,200		$1,110,172	Down ×1
LION Lionsgate Studios Corp Common Shares	$2,587,390	1.77%	169,000		$506,600	Down ×2
KVHI KVH Industries, Inc. - Common Stock	$2,581,565	1.76%	260,501		$-1,592,899	Down ×2
FENC Fennec Pharmaceuticals Inc. - Common Stock	$2,412,300	1.65%	224,400		$1,032,240
GANX Gain Therapeutics, Inc. - Common Stock	$1,921,192	1.31%	946,400		$-35,492	Down ×2
SHMD SCHMID Group N.V. - Class A Ordinary Shares	$1,804,132	1.23%	288,200			Up ×1
GPGI GPGI, Inc. Class A Common Stock	$1,798,975	1.23%	113,500		$-141,875
CODI D/B/A Compass Diversified Holdings Shares of Beneficial Interest	$1,758,900	1.20%	165,000		$-153,438	Down ×1
TPCS TechPrecision Corporation - Common stock	$1,464,035	1.00%	279,396		$712,856	Up ×1
CDZI Cadiz, Inc. - Common Stock	$1,463,000	1.00%	350,000		$-181,850	Up ×1
ACVA ACV Auctions Inc. Class A Common Stock	$1,417,868	0.97%	197,200			Up ×1
NN NextNav Inc. - Common stock	$1,407,679	0.96%	78,950		$806,929	Up ×2
ARLO Arlo Technologies, Inc. Common Stock	$1,348,000	0.92%	100,000		$-75,000
GSIT GSI Technology, Inc. - Common Stock	$1,299,490	0.89%	168,110		$-491,286	Down ×1
III Information Services Group, Inc. - Common Stock	$1,199,298	0.82%	291,800		$78,786
BAC Bank of America Corporation Common Stock	$1,139,600	0.78%	20,000		$164,600
CSGP CoStar Group, Inc. - Common Stock	$1,132,800	0.77%	40,000		$648,720	Up ×1
Unknown issuer (CUSIP: 81761L201)	$1,093,430	0.75%	647,000			Up ×1
BABA Alibaba Group Holding Limited American Depositary Shares each representing eight Ordinary share	$1,036,584	0.71%	10,800		$-318,384
ATEX Anterix Inc. - Common Stock	$1,029,400	0.70%	10,000	Put option	$742,975	Up ×1
AVD American Vanguard Corporation Common Stock ($0.10 Par Value)	$1,004,584	0.69%	358,780		$-544,321	Down ×1
EOLS Evolus, Inc. - Common Stock	$982,010	0.67%	141,500		$400,445
GILT Gilat Satellite Networks Ltd. - Ordinary Shares	$969,527	0.66%	72,842		$-124,560
BW Babcock & Wilcox Enterprises, Inc. Common Stock	$902,400	0.62%	64,000		$-37,760
VXX iPath Series B S&P 500 VIX Short-Term Futures ETN	$890,227	0.61%	40,300
AVPT AvePoint, Inc. - Class A Common Stock	$846,355	0.58%	75,500			Up ×1
KOPN Kopin Corporation - Common Stock	$828,800	0.57%	185,000			Up ×1
PRCH Porch Group, Inc. - Common Stock	$752,000	0.51%	50,000		$311,045	Down ×1
NN NextNav Inc. - Common stock	$713,200	0.49%	40,000	Call option	$553,000	Up ×1
FEAM 5E Advanced Materials, Inc. - Common Stock	$703,757	0.48%	506,300		$-5,063
ISPR Ispire Technology Inc. - Common Stock	$670,432	0.46%	598,600			Up ×1
PRTH Priority Technology Holdings, Inc. - Common Stock	$615,014	0.42%	92,206		$101,478	Down ×1
CDXS Codexis, Inc. - Common Stock	$587,600	0.40%	260,000		$140,654	Down ×2
PCYO Pure Cycle Corporation - Common Stock	$522,177	0.36%	48,756		$31,692
INTZ Intrusion Inc. - Common Stock	$481,465	0.33%	518,429		$99,545	Up ×1
XELB Xcel Brands, Inc - Common Stock	$450,104	0.31%	250,058		$-182,916	Down ×1
OWLT Owlet, Inc. Class A Common Stock	$444,391	0.30%	77,420		$82,021	Up ×2
RMNI Rimini Street, Inc. - Common Stock	$406,097	0.28%	95,328		$130,797	Up ×1
FPH Five Point Holdings, LLC Class A Common Shares	$395,250	0.27%	75,000		$104,850	Up ×2
BRLT Brilliant Earth Group, Inc. - Class A Common Stock	$384,200	0.26%	340,000		$-34,750	Up ×2
SCVL Shoe Carnival, Inc. - Common Stock	$278,804	0.19%	18,800		$-14,288
PMTS CPI Card Group Inc. - Common Stock	$249,360	0.17%	12,000		$73,789	Down ×2
UTI Universal Technical Institute Inc Common Stock	$213,850	0.15%	5,000	Put option		Up ×1
UIS Unisys Corporation New Common Stock	$183,000	0.12%	50,000		$-14,892	Down ×2
ADTN ADTRAN Holdings, Inc. - Common Stock	$139,000	0.09%	10,000		$-832,176	Down ×1
FIGS FIGS, Inc. Class A Common Stock	$127,875	0.09%	12,500			Up ×1
DSP Viant Technology Inc. - common stock	$127,866	0.09%	10,100	Call option
RELL Richardson Electronics, Ltd. - Common Stock	$95,050	0.06%	5,000			Up ×1
AVNW Aviat Networks, Inc. - Common Stock	$79,920	0.05%	3,600		$34,700	Up ×1
REE REE Automotive Ltd. - Class A Ordinary Shares	$77,927	0.05%	397,585		$-166,830	Down ×1
CNDT Conduent Incorporated - Common Stock	$73,000	0.05%	50,000
MATW Matthews International Corporation - Class A Common Stock	$60,570	0.04%	2,250		$2,475
SPT Sprout Social, Inc - Class A Common Stock	$755	0.00%	100			Up ×1
No matches

Biggest new bets

New positions opened this quarter, largest first.

Security	Value	Shares	% of portfolio
IWM	$4,056,075	13,500	2.77%
QQQ	$3,682,000	5,000	2.51%
SHMD	$1,804,132	288,200	1.23%
ACVA	$1,417,868	197,200	0.97%
Unknown issuer (CUSIP: 81761L201)	$1,093,430	647,000	0.75%
VXX	$890,227	40,300	0.61%
AVPT	$846,355	75,500	0.58%
KOPN	$828,800	185,000	0.57%
ISPR	$670,432	598,600	0.46%
UTI	$213,850	5,000	0.15%
FIGS	$127,875	12,500	0.09%
DSP	$127,866	10,100	0.09%
RELL	$95,050	5,000	0.06%
CNDT	$73,000	50,000	0.05%
SPT	$755	100	0.00%

Top movers (QoQ)

Security	Action	Shares Δ	Value Δ
ATEX	Trimmed	-19K	+$9.3M
SATS	Trimmed	-32K	-$5.9M
WYY	Bought more	+26K	+$3.9M
PESI	Bought more	+180K	+$3.6M
LSAK	Bought more	+403K	+$1.9M
XPER	Bought more	+5K	+$1.7M
KVHI	Trimmed	-205K	-$1.6M
DUOT	Trimmed	-11K	+$1.5M
CNXX	Trimmed	-150K	+$1.2M
GRPN	Trimmed	-33K	+$1.1M

Exited positions

Includes corporate events (mergers, delistings) — not all exits are sells

Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.

Security	Quarter	Shares before	Value before	Price since exit
CNDT	March 31, 2026	1,646,619	$3,161,508	39.8%
IWM	March 31, 2026	10,000	$2,461,600	12.5%
EFXT	March 31, 2026	128,400	$1,981,212	8.7%
XBI	March 31, 2026	13,000	$1,585,090	17.1%
HCKT	June 30, 2026	117,104	$1,523,523	14.0%
PXLW	June 30, 2026	200,000	$1,080,000	-13.5%
MX	June 30, 2026	365,000	$1,022,000	-49.0%
LULU	March 31, 2026	4,400	$914,364	-35.3%
CXDO	June 30, 2026	139,568	$861,135	-23.0%
CMTL	March 31, 2026	160,912	$851,224	-62.7%
QLD	June 30, 2026	12,100	$738,100	-11.0%
ASPS	March 31, 2026	100,737	$700,123	-11.1%
DDI	June 30, 2026	79,100	$668,395	15.3%
MCDIF	June 30, 2026	20,000	$520,000	No longer tracked
LUNA	June 30, 2026	461,770	$507,947	No longer tracked
SSTI	March 31, 2026	60,400	$485,012	26.3%
DHC	June 30, 2026	60,000	$398,400	-15.5%
IDAI	June 30, 2026	160,900	$384,551	37.4%
VXX	March 31, 2026	14,000	$370,580	-47.6%
ARLP	March 31, 2026	15,000	$348,450	-5.5%
SVC	June 30, 2026	209,000	$283,195
SONM	March 31, 2026	48,000	$151,200	-23.6%
TYGO	March 31, 2026	27,880	$38,474	-72.6%
MITK	March 31, 2026	1,000	$10,550	38.1%
INSG	June 30, 2026	300	$3,336	-59.0%
STTO	March 31, 2026	585,576	$0	No longer tracked