Potomac Capital Management, Inc.
Reported holdings as of Q2 2026, from 12 quarterly filings.
Holdings
| Security | Ticker | Value | Shares | Weight | Weight change | Held | Change |
|---|---|---|---|---|---|---|---|
| ECHOSTAR CORP | ECHO | $17.3M | 166,277 | -8.37pp | 3q | -16.0%-$3.3M | |
| ANTERIX INC OPT | ATEX | $17.0M | 155,071 | +5.57pp | 3q | -10.8%-$2.1M | |
| LESAKA TECHNOLOGIES INC | LSAK | $7.5M | 1,515,000 | +0.21pp | 12q | +36.2%+$2.0M | |
| VIANT TECHNOLOGY INC OPT | DSP | $6.9M | 538,000 | -0.45pp | 11q | +1.0%+$69.2K | |
| PERMA-FIX ENVIRONMENTAL SVCS | PESI | $6.8M | 477,000 | +1.89pp | 12q | +60.8%+$2.6M | |
| CONX CORP | CNXX | $6.7M | 1,046,710 | -0.18pp | 3q | -12.5%-$958.5K | |
| WIDEPOINT CORP | WYY | $5.2M | 299,162 | +2.39pp | 3q | +9.7%+$461.7K | |
| XPERI INC | XPER | $5.1M | 624,300 | +0.49pp | 3q | +0.8%+$41.1K | |
| INSPIRED ENTMT INC | INSE | $5.1M | 616,800 | -0.35pp | 12q | HELD | |
| ISHARES TR OPT | IWM | $4.1M | options only | - | new | OPTIONS | |
| DUOS TECHNOLOGIES GROUP INC | DUOT | $3.8M | 313,300 | +0.63pp | 3q | -3.4%-$130.6K | |
| INVESCO QQQ TR OPT | QQQ | $3.7M | options only | - | new | OPTIONS | |
| CLARUS CORP NEW | CLAR | $3.6M | 1,131,000 | -0.24pp | 8q | HELD | |
| POWERFLEET INC | AIOT | $3.5M | 912,000 | -0.06pp | 12q | HELD | |
| ALLOT LTD | ALLT | $3.3M | 373,600 | +0.09pp | 11q | HELD | |
| GROUPON INC | GRPN | $3.0M | 123,200 | +0.41pp | 3q | -20.9%-$784.4K | |
| LIONSGATE STUDIOS CORP | LION | $2.6M | 169,000 | -0.04pp | 3q | -22.1%-$734.5K | |
| KVH INDS INC | KVHI | $2.6M | 260,501 | -1.87pp | 12q | -44.1%-$2.0M | |
| FENNEC PHARMACEUTICALS INC | FENC | $2.4M | 224,400 | +0.45pp | 3q | HELD | |
| NEXTNAV INC OPT | NN | $2.1M | 78,950 | +0.79pp | 3q | +110.5%+$1.1M | |
| GAIN THERAPEUTICS INC | GANX | $1.9M | 946,400 | -0.39pp | 3q | -6.2%-$126.3K | |
| SCHMID GROUP N.V. | SHMD | $1.8M | 288,200 | - | new | NEW | |
| GPGI INC | GPGI | $1.8M | 113,500 | -0.46pp | 12q | HELD | |
| COMPASS DIVERSIFIED | CODI | $1.8M | 165,000 | -0.46pp | 2q | -32.2%-$834.7K | |
| TECHPRECISION CORP | TPCS | $1.5M | 279,396 | +0.35pp | 6q | +12.0%+$156.3K | |
| CADIZ INC | CDZI | $1.5M | 350,000 | -0.43pp | 3q | +4.5%+$62.7K | |
| ACV AUCTIONS INC | ACVA | $1.4M | 197,200 | - | new | NEW | |
| ARLO TECHNOLOGIES INC | ARLO | $1.3M | 100,000 | -0.32pp | 2q | HELD | |
| GSI TECHNOLOGY INC | GSIT | $1.3M | 168,110 | -0.67pp | 2q | -51.7%-$1.4M | |
| INFORMATION SVCS GROUP INC | III | $1.2M | 291,800 | -0.16pp | 12q | HELD | |
| BANK OF AMER CORP | BAC | $1.1M | 20,000 | -0.07pp | 12q | HELD | |
| COSTAR GROUP INC | CSGP | $1.1M | 40,000 | +0.35pp | 2q | +233.3%+$793.0K | |
| SERVICE PPTYS TR COM NEW | $1.1M | 647,000 | - | new | NEW | ||
| ALIBABA GROUP HLDG LTD | BABA | $1.0M | 10,800 | -0.47pp | 3q | HELD | |
| AMERICAN VANGUARD CORP | AVD | $1.0M | 358,780 | -0.66pp | 3q | -42.3%-$737.2K | |
| EVOLUS INC | EOLS | $982.0K | 141,500 | +0.16pp | 12q | HELD | |
| GILAT SATELLITE NETWORKS LTD | GILT | $969.5K | 72,842 | -0.29pp | 3q | HELD | |
| BABCOCK & WILCOX ENTERPRISES | BW | $902.4K | 64,000 | -0.20pp | 12q | HELD | |
| BARCLAYS BANK PLC | VXX | $890.2K | 40,300 | - | new | NEW | |
| AVEPOINT INC | AVPT | $846.4K | 75,500 | - | new | NEW | |
| KOPIN CORP | KOPN | $828.8K | 185,000 | - | new | NEW | |
| PORCH GROUP INC | PRCH | $752.0K | 50,000 | +0.13pp | 2q | -18.7%-$173.0K | |
| 5E ADVANCED MATERIALS INC | FEAM | $703.8K | 506,300 | -0.14pp | 3q | HELD | |
| ISPIRE TECHNOLOGY INC | ISPR | $670.4K | 598,600 | - | new | NEW | |
| PRIORITY TECHNOLOGY HLDGS IN | PRTH | $615.0K | 92,206 | -0.03pp | 3q | -15.3%-$110.7K | |
| CODEXIS INC | CDXS | $587.6K | 260,000 | +0.01pp | 3q | -5.2%-$32.1K | |
| PURE CYCLE CORP | PCYO | $522.2K | 48,756 | -0.07pp | 12q | HELD | |
| INTRUSION INC | INTZ | $481.5K | 518,429 | flat | 3q | +11.4%+$49.2K | |
| XCEL BRANDS INC | XELB | $450.1K | 250,058 | -0.24pp | 3q | -38.8%-$285.0K | |
| OWLET INC | OWLT | $444.4K | 77,420 | -0.01pp | 3q | +9.8%+$39.7K | |
| RIMINI STR INC DEL | RMNI | $406.1K | 95,328 | +0.04pp | 3q | +13.6%+$48.5K | |
| FIVE POINT HOLDINGS LLC | FPH | $395.2K | 75,000 | +0.02pp | 3q | +25.0%+$79.0K | |
| BRILLIANT EARTH GROUP INC | BRLT | $384.2K | 340,000 | -0.10pp | 3q | +7.9%+$28.2K | |
| SHOE STA GROUP INC | SHOE | $278.8K | 18,800 | -0.06pp | 3q | HELD | |
| CPI CARD GROUP INC | PMTS | $249.4K | 12,000 | +0.02pp | 3q | -0.8%-$2.1K | |
| UNIVERSAL TECHNICAL INST INC OPT | UTI | $213.8K | options only | - | new | OPTIONS | |
| UNISYS CORP | UIS | $183.0K | 50,000 | -0.05pp | 7q | -47.7%-$166.9K | |
| ADTRAN HOLDINGS INC | ADTN | $139.0K | 10,000 | -0.75pp | 2q | -87.0%-$934.1K | |
| FIGS INC | FIGS | $127.9K | 12,500 | - | new | NEW | |
| RICHARDSON ELECTRS LTD | RELL | $95.0K | 5,000 | - | new | NEW | |
| AVIAT NETWORKS INC | AVNW | $79.9K | 3,600 | +0.02pp | 3q | +80.0%+$35.5K | |
| REE AUTOMOTIVE LTD | REEAF | $77.9K | 397,585 | -0.16pp | 3q | -2.6%-$2.1K | |
| CONDUENT INC | CNDT | $73.0K | 50,000 | - | new | NEW | |
| MATTHEWS INTL CORP | MATW | $60.6K | 2,250 | -0.01pp | 3q | HELD | |
| SPROUT SOCIAL INC | SPT | $755 | 100 | - | new | NEW |
By sector
Industry comes from the SIC code on each company's own SEC filings, which is self-reported and sometimes out of date. Derivative exposure is counted with the shares. Securities the SEC assigns no industry - funds, trusts, foreign issues - are shown as not classified rather than dropped.
| Sector | Value | Share |
|---|---|---|
| Telecom & Media | $39.7M | 27.1% |
| Software & IT Services | $27.9M | 19.1% |
| Banks & Lending | $11.4M | 7.8% |
| Business Services | $10.4M | 7.1% |
| Utilities | $8.8M | 6.0% |
| Industrials | $8.1M | 5.5% |
| Semiconductors & Electronics | $6.8M | 4.6% |
| Biotech & Pharma | $5.3M | 3.6% |
| Computer Hardware | $3.8M | 2.6% |
| Funds & ETFs | $3.7M | 2.5% |
| Other sectors | $8.7M | 5.9% |
| Not classified | $11.9M | 8.1% |
Quarter by quarter
| Quarter | Value | Positions | New | Added | Trimmed | Exited | Top 10 | Days to file |
|---|---|---|---|---|---|---|---|---|
| Q2 2026 | $146.5M | 65 | 14 | 15 | 19 | 13 | 55.8% | 45 |
| Q1 2026 | $115.0M | 64 | 11 | 19 | 14 | 13 | 57.0% | 44 |
| Q4 2025 | $124.5M | 66 | 46 | 11 | 9 | 33 | 54.0% | 42 |
| Q4 2023 | $86.0M | 53 | 12 | 18 | 12 | 9 | 58.6% | 46 |
| Q3 2023 | $78.2M | 50 | 8 | 17 | 11 | 19 | 60.6% | 45 |
| Q2 2023 | $97.5M | 61 | 9 | 13 | 34 | 8 | 53.4% | 45 |
| Q1 2023 | $95.4M | 60 | 14 | 21 | 7 | 7 | 51.9% | 45 |
| Q4 2022 | $85.8K | 53 | 6 | 18 | 12 | 15 | 59.4% | 45 |
| Q3 2022 | $87.3M | 62 | 10 | 20 | 15 | 11 | 52.8% | 45 |
| Q2 2022 | $86.5M | 63 | 6 | 23 | 15 | 11 | 47.2% | 36 |
| Q1 2022 | $116.0M | 68 | 9 | 24 | 18 | 11 | 49.3% | 27 |
| Q4 2021 | $113.8M | 70 | 0 | 0 | 0 | 0 | 48.4% | 38 |
Rows marked UNVERIFIED ID, PLACEHOLDER ID, TICKER AS ID or NON-CUSIP ID carry an identifier that is not a valid CUSIP. They are shown because the filer reported that money, but treat the security named with caution - hover the chip for what is wrong with it, and see the methodology.
Held counts consecutive filings in which this manager reported the position, and can reach further back than the quarters listed above: the tabs begin at Q4 2018 because earlier coverage is too sparse to describe a market, but tenure is counted over every filing we hold, some reaching to 2007. A position sold and later rebought starts again from one.
Weight change is the shift in this position's share of the whole book, in percentage points. It is the more useful column: when money flows into or out of a broad fund, almost every holding is bought or sold at once, so added and trimmed largely track flows. A weight that rose while the book shrank is a decision. Both compare with the previous quarter this filer reported, not the previous calendar quarter.