Potomac Capital Management, Inc.
Potomac Capital Management, Inc. reported 62 US-listed holdings worth $136.7 million in its 13F for the quarter ended 30 June 2026, filed 14 August 2026. Its largest: EchoStar Corp. (12.6%), Anterix Inc. (11.7%) and Lesaka Technologies Inc. (5.5%). Against the quarter before, it opened 11 positions, added to 15, trimmed 19 and sold out of 12.
Reported holdings$136.7M+19.5% on Q1 2026
Positions62-1 on Q1 2026
The largest ten58.7%of its reported holdings
Latest 13FQ2 2026filed 14 August 2026
Added toHeldTrimmed
The 14 largest of its 62 positions, each sized by its share of the reported holdings, coloured by the change in shares against Q1 2026.
What the fund reported holding at each quarter's end; hover a bar for the number of positions
What its reported holdings returned
Held through each quarter, the holdings it reported returned +19.6% over the 2 quarters to 30 June 2026, against +9.5% for the S&P 500.
Its reported holdingsThe S&P 500
Not the fund's own return: each 13F's holdings are kept unchanged until the next one, so trades inside a quarter, dividends, cash and fees are left out. A rough guide to how its picks have done over time.
What it did on the quarter
Opened 11Added 15Held 17Trimmed 19Sold out 12
Its positions against its 13F for the quarter to 31 March 2026; a change under 0.1% of a position counts as held
Opened 11
- Schmid Group N.V. SHMD$1.8 million
- Acv Auctions Inc. ACVA$1.4 million
- Service Properties Trus SVC$1.1 million
- Barclays Bank PLC VXX$890,227
- Avepoint Inc. AVPT$846,355
- Kopin Corp. KOPN$828,800
- Ispire Technology Inc. ISPR$670,432
- Figs Inc. FIGS$127,875
and 3 more in the table below
Added to 15
- Perma-Fix Environmental Svcs PESI+180,300 shares · +61%
- Lesaka Technologies Inc. LSAK+402,758 shares · +36%
- Costar Group, Inc. CSGP+28,000 shares · +233%
- Nextnav Inc. NN+41,450 shares · +111%
- Widepoint Corp. WYY+26,382 shares · +10%
- Techprecision Corp. TPCS+29,835 shares · +12%
- Five Point Holdings LLC FPH+15,000 shares · +25%
- Viant Technology Inc. DSP+5,364 shares · +1%
and 7 more in the table below
Trimmed 19
- EchoStar Corp. ECHO-31,723 shares · -16%
- KVH Inds Inc. KVHI-205,399 shares · -44%
- Anterix Inc. ATEX-18,731 shares · -11%
- Gsi Technology Inc. GSIT-180,290 shares · -52%
- Conx Corp.-150,000 shares · -13%
- Adtran Holdings Inc. ADTN-67,200 shares · -87%
- Compass Diversified CODI-78,300 shares · -32%
- Groupon Inc. GRPN-32,600 shares · -21%
and 11 more in the table below
Sold out of 12
- Hackett Group Inc. HCKT$1.5 million last quarter
- Pixelworks Inc. PXLW$1.1 million last quarter
- Magnachip Semiconductor Corp. MX$1.0 million last quarter
- Crexendo Inc. CXDO$861,135 last quarter
- ProShares Trust QLD$738,100 last quarter
- Doubledown Interactive Co. LT DDI$668,395 last quarter
- McDermott International Ltd MCDIF$520,000 last quarter
- Luna Innovations Inc. LUNA$507,947 last quarter
What it holds
| Company | Shares | Value | Of its book | Change in shares |
|---|---|---|---|---|
| EchoStar Corp. ECHO | 166.3K | $17.3 million | 12.64% | -31.7K |
| Anterix Inc. ATEX | 155.1K | $16.0 million | 11.68% | -18.7K |
| Lesaka Technologies Inc. LSAK | 1.5M | $7.5 million | 5.51% | +402.8K |
| Perma-Fix Environmental Svcs PESI | 477.0K | $6.8 million | 4.99% | +180.3K |
| Viant Technology Inc. DSP | 538.0K | $6.8 million | 4.98% | +5.4K |
| Conx Corp. | 1.0M | $6.7 million | 4.89% | -150.0K |
| Widepoint Corp. WYY | 299.2K | $5.2 million | 3.83% | +26.4K |
| Xperi Inc. XPER | 624.3K | $5.1 million | 3.76% | +5.0K |
| Inspired Entmt Inc. INSE | 616.8K | $5.1 million | 3.72% | +200 |
| Duos Technologies Group Inc. DUOT | 313.3K | $3.8 million | 2.75% | -10.9K |
| Clarus Corp. New CLAR | 1.1M | $3.6 million | 2.61% | no change |
| Powerfleet Inc. AIOT | 912.0K | $3.5 million | 2.56% | +800 |
| Allot Ltd ALLT | 373.6K | $3.3 million | 2.42% | +200 |
| Groupon Inc. GRPN | 123.2K | $3.0 million | 2.17% | -32.6K |
| Lionsgate Studios Corp. LION | 169.0K | $2.6 million | 1.89% | -48.0K |
| KVH Inds Inc. KVHI | 260.5K | $2.6 million | 1.89% | -205.4K |
| Fennec Pharmaceuticals Inc. FENC | 224.4K | $2.4 million | 1.76% | no change |
| Gain Therapeutics Inc. GANX | 946.4K | $1.9 million | 1.41% | -62.2K |
| Schmid Group N.V. SHMD | 288.2K | $1.8 million | 1.32% | new |
| Composecure Inc. GPGI | 113.5K | $1.8 million | 1.32% | no change |
| Compass Diversified CODI | 165.0K | $1.8 million | 1.29% | -78.3K |
| Techprecision Corp. TPCS | 279.4K | $1.5 million | 1.07% | +29.8K |
| Cadiz Inc. CDZI | 350.0K | $1.5 million | 1.07% | +15.0K |
| Acv Auctions Inc. ACVA | 197.2K | $1.4 million | 1.04% | new |
| Nextnav Inc. NN | 79.0K | $1.4 million | 1.03% | +41.5K |
| Arlo Technologies, Inc. ARLO | 100.0K | $1.3 million | 0.99% | no change |
| Gsi Technology Inc. GSIT | 168.1K | $1.3 million | 0.95% | -180.3K |
| Information Svcs Group Inc. III | 291.8K | $1.2 million | 0.88% | no change |
| Bank of America Corp. BAC | 20.0K | $1.1 million | 0.83% | no change |
| Costar Group, Inc. CSGP | 40.0K | $1.1 million | 0.83% | +28.0K |
| Service Properties Trus SVC | 647.0K | $1.1 million | 0.80% | new |
| Alibaba Group Holding Limited BABA | 10.8K | $1.0 million | 0.76% | no change |
| American Vanguard Corp. AVD | 358.8K | $1.0 million | 0.73% | -263.3K |
| Evolus Inc. EOLS | 141.5K | $982,010 | 0.72% | no change |
| Gilat Satellite Networks Ltd GILT | 72.8K | $969,527 | 0.71% | no change |
| Babcock & Wilcox Enterprises BW | 64.0K | $902,400 | 0.66% | no change |
| Barclays Bank PLC VXX | 40.3K | $890,227 | 0.65% | new |
| Avepoint Inc. AVPT | 75.5K | $846,355 | 0.62% | new |
| Kopin Corp. KOPN | 185.0K | $828,800 | 0.61% | new |
| Porch Group Inc. PRCH | 50.0K | $752,000 | 0.55% | -11.5K |
| 5E Advanced Materials Inc. FEAM | 506.3K | $703,757 | 0.51% | no change |
| Ispire Technology Inc. ISPR | 598.6K | $670,432 | 0.49% | new |
| Priority Technology Hldgs in PRTH | 92.2K | $615,014 | 0.45% | -16.6K |
| Codexis Inc. CDXS | 260.0K | $587,600 | 0.43% | -14.2K |
| Pure Cycle Corp. PCYO | 48.8K | $522,177 | 0.38% | no change |
| Intrusion Inc. INTZ | 518.4K | $481,465 | 0.35% | +53.0K |
| Xcel Brands Inc. XELB | 250.1K | $450,104 | 0.33% | -158.3K |
| Owlet Inc. OWLT | 77.4K | $444,391 | 0.33% | +6.9K |
| Rimini STR Inc. Del RMNI | 95.3K | $406,097 | 0.30% | +11.4K |
| Five Point Holdings LLC FPH | 75.0K | $395,250 | 0.29% | +15.0K |
| Brilliant Earth Group Inc. BRLT | 340.0K | $384,200 | 0.28% | +25.0K |
| Shoe Carnival Inc. SHOE | 18.8K | $278,804 | 0.20% | no change |
| Cpi Card Group Inc. PMTS | 12.0K | $249,360 | 0.18% | -100 |
| Unisys Corp. UIS | 50.0K | $183,000 | 0.13% | -45.6K |
| Adtran Holdings Inc. ADTN | 10.0K | $139,000 | 0.10% | -67.2K |
| Figs Inc. FIGS | 12.5K | $127,875 | 0.09% | new |
| Richardson Electrs Ltd RELL | 5.0K | $95,050 | 0.07% | new |
| Aviat Networks Inc. AVNW | 3.6K | $79,920 | 0.06% | +1.6K |
| Ree Automotive Ltd REEAF | 397.6K | $77,927 | 0.06% | -10.6K |
| Conduent Inc. CNDT | 50.0K | $73,000 | 0.05% | new |
| Matthews International Corp. MATW | 2.2K | $60,570 | 0.04% | no change |
| Sprout Social Inc. SPT | 100 | $755 | 0.00% | new |
Every US-listed position in the fund's 13F for the quarter ended 30 June 2026, by the value it reported.
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Change is shares against its 13F for the quarter before; the 12 it sold out of are in the box above.Options it reported
| Company | Option | Shares under the options | Value of those shares |
|---|---|---|---|
| iShares Russell 2000 ETF IWM | Puts | 13.5K | $4.1 million |
| Invesco QQQ Trust QQQ | Puts | 5.0K | $3.7 million |
| Anterix Inc. ATEX | Puts | 10.0K | $1.0 million |
| Nextnav Inc. NN | Calls | 40.0K | $713,200 |
| Universal Technical Institute Inc. UTI | Puts | 5.0K | $213,850 |
| Viant Technology Inc. DSP | Calls | 10.1K | $127,866 |
6 option lines. A 13F lists calls and puts by the shares they cover and what those shares were worth at the quarter's end, not what the options cost; they are not counted in the holdings above.