# Potomac Capital Management, Inc.: Form 13F holdings

An institutional investment manager in NEW YORK, NY. SEC CIK 1418746.

- Quarter ended: 2026-06-30
- Filed: 2026-08-14
- Reported value: $146.5m
- Positions: 68 (71 lines in the filing's table; lines for the same security and option type are added together here)
- Compared with: the 13F for the quarter ended 2026-03-31
- Filing: https://www.sec.gov/Archives/edgar/data/1418746/000110465926097069/

## Holdings

As filed, largest first. Reported value is what the manager stated at the quarter end (Jun 30, 2026), in US dollars; it is filing data, not a price. Weight is the share of the total reported value.

| Issuer | Class | Reported value | Weight | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | ---: | --- | --- |
| [ECHOSTAR HOLDING CORP-A (ECHO)](/companies/echo.md) | COM | $17.3m | 11.8% | 166,277 |  | Reduced −31,723 |
| [ANTERIX INC (ATEX)](/companies/atex.md) | COM | $16.0m | 10.9% | 155,071 |  | Reduced −18,731 |
| [LESAKA TECHNOLOGIES INC (LSAK)](/companies/lsak.md) | COM | $7.5m | 5.1% | 1,515,000 |  | Added +402,758 |
| [PERMA-FIX ENVIRONMENTAL SVCS (PESI)](/companies/pesi.md) | COM | $6.8m | 4.7% | 477,000 |  | Added +180,300 |
| [VIANT TECHNOLOGY INC-A (DSP)](/companies/dsp.md) | COM | $6.8m | 4.6% | 538,000 |  | Added +5,364 |
| CONX CORP | WRNT | $6.7m | 4.6% | 1,046,710 |  | Reduced −150,000 |
| [WIDEPOINT CORP (WYY)](/companies/wyy.md) | COM | $5.2m | 3.6% | 299,162 |  | Added +26,382 |
| [XPERI INC-W/I (XPER)](/companies/xper.md) | COM | $5.1m | 3.5% | 624,300 |  | Added +5,000 |
| [INSPIRED ENTERTAINMENT INC (INSE)](/companies/inse.md) | COM | $5.1m | 3.5% | 616,800 |  | Added +200 |
| ISHARES RUSSELL 2000 | COM | $4.1m | 2.8% | 13,500 | Put | New +13,500 |
| [DUOS TECHNOLOGIES GROUP INC (DUOT)](/companies/duot.md) | COM | $3.8m | 2.6% | 313,300 |  | Reduced −10,882 |
| INVESCO QQQ TRUST SERIES | COM | $3.7m | 2.5% | 5,000 | Put | New +5,000 |
| [CLARUS CORPORATION (CLAR)](/companies/clar.md) | COM | $3.6m | 2.4% | 1,131,000 |  | Unchanged |
| [POWERFLEET INC (AIOT)](/companies/aiot.md) | COM | $3.5m | 2.4% | 912,000 |  | Added +800 |
| ALLOT COMMUNICATIONS LTD | COM | $3.3m | 2.3% | 373,600 |  | Added +200 |
| [GROUPON INC (GRPN)](/companies/grpn.md) | COM | $3.0m | 2.0% | 123,200 |  | Reduced −32,600 |
| [LIONSGATE STUDIOS HOLDING CO (LION)](/companies/lion.md) | COM | $2.6m | 1.8% | 169,000 |  | Reduced −47,975 |
| [KVH INDUSTRIES INC (KVHI)](/companies/kvhi.md) | COM | $2.6m | 1.8% | 260,501 |  | Reduced −205,399 |
| [FENNEC PHARMACEUTICALS INC (FENC)](/companies/fenc.md) | COM | $2.4m | 1.6% | 224,400 |  | Unchanged |
| [GAIN THERAPEUTICS INC (GANX)](/companies/ganx.md) | COM | $1.9m | 1.3% | 946,400 |  | Reduced −62,200 |
| SCHMID GROUP NV | COM | $1.8m | 1.2% | 288,200 |  | New +288,200 |
| [GPGI INC (GPGI)](/companies/gpgi.md) | COM | $1.8m | 1.2% | 113,500 |  | Unchanged |
| [COMPASS DIVERSIFIED (CODI)](/companies/codi.md) | COM | $1.8m | 1.2% | 165,000 |  | Reduced −78,300 |
| [TECHPRECISION CORP (TPCS)](/companies/tpcs.md) | COM | $1.5m | 1.0% | 279,396 |  | Added +29,835 |
| [CADIZ INC (CDZI)](/companies/cdzi.md) | COM | $1.5m | 1.0% | 350,000 |  | Added +15,000 |
| ACV AUCTIONS INC-A | COM | $1.4m | 1.0% | 197,200 |  | New +197,200 |
| [NEXTNAV INC (NN)](/companies/nn.md) | COM | $1.4m | 1.0% | 78,950 |  | Added +41,450 |
| [ARLO TECHNOLOGIES INC (ARLO)](/companies/arlo.md) | COM | $1.3m | 0.9% | 100,000 |  | Unchanged |
| [GSI TECHNOLOGY INC (GSIT)](/companies/gsit.md) | COM | $1.3m | 0.9% | 168,110 |  | Reduced −180,290 |
| [INFORMATION SERVICES GROUP (III)](/companies/iii.md) | COM | $1.2m | 0.8% | 291,800 |  | Unchanged |
| [BANK OF AMERICA CORP (BAC)](/companies/bac.md) | COM | $1.1m | 0.8% | 20,000 |  | Unchanged |
| [COSTAR GROUP INC (CSGP)](/companies/csgp.md) | COM | $1.1m | 0.8% | 40,000 |  | Added +28,000 |
| [SERVICE PROPERTIES TRUST (SVC)](/companies/svc.md) | REIT | $1.1m | 0.7% | 647,000 |  | New +647,000 |
| [ALIBABA GROUP HOLDING LTD (BABA)](/companies/baba.md) | ADRS | $1.0m | 0.7% | 10,800 |  | Unchanged |
| [ANTERIX INC (ATEX)](/companies/atex.md) | COM | $1.0m | 0.7% | 10,000 | Put | Added +2,500 |
| [AMERICAN VANGUARD CORP (AVD)](/companies/avd.md) | COM | $1.0m | 0.7% | 358,780 |  | Reduced −263,270 |
| [EVOLUS INC (EOLS)](/companies/eols.md) | COM | $982.0k | 0.7% | 141,500 |  | Unchanged |
| GILAT SATELLITE NETWORKS LTD | COM | $969.5k | 0.7% | 72,842 |  | Unchanged |
| [BABCOCK & WILCOX ENTERPR (BW)](/companies/bw.md) | COM | $902.4k | 0.6% | 64,000 |  | Unchanged |
| [IPATH SERIES B S&P 500 VIX (ATMP)](/companies/atmp.md) | ETF | $890.2k | 0.6% | 40,300 |  | New +40,300 |
| [AVEPOINT INC (AVPT)](/companies/avpt.md) | COM | $846.4k | 0.6% | 75,500 |  | New +75,500 |
| [KOPIN CORP (KOPN)](/companies/kopn.md) | COM | $828.8k | 0.6% | 185,000 |  | New +185,000 |
| [PORCH GROUP INC (PRCH)](/companies/prch.md) | COM | $752.0k | 0.5% | 50,000 |  | Reduced −11,500 |
| [NEXTNAV INC (NN)](/companies/nn.md) | COM | $713.2k | 0.5% | 40,000 | Call | Added +30,000 |
| [5E ADVANCED MATERIALS INC (FEAM)](/companies/feam.md) | COM | $703.8k | 0.5% | 506,300 |  | Unchanged |
| [ISPIRE TECHNOLOGY INC (ISPR)](/companies/ispr.md) | COM | $670.4k | 0.5% | 598,600 |  | New +598,600 |
| [PRIORITY TECHNOLOGY HOLDINGS (PRTH)](/companies/prth.md) | COM | $615.0k | 0.4% | 92,206 |  | Reduced −16,594 |
| [CODEXIS INC (CDXS)](/companies/cdxs.md) | COM | $587.6k | 0.4% | 260,000 |  | Reduced −14,200 |
| [PURE CYCLE CORP (PCYO)](/companies/pcyo.md) | COM | $522.2k | 0.4% | 48,756 |  | Unchanged |
| [INTRUSION INC (INTZ)](/companies/intz.md) | COM | $481.5k | 0.3% | 518,429 |  | Added +53,014 |
| [XCEL BRANDS INC (XELB)](/companies/xelb.md) | COM | $450.1k | 0.3% | 250,058 |  | Reduced −158,342 |
| [OWLET INC (OWLT)](/companies/owlt.md) | COM | $444.4k | 0.3% | 77,420 |  | Added +6,920 |
| [RIMINI STREET INC (RMNI)](/companies/rmni.md) | COM | $406.1k | 0.3% | 95,328 |  | Added +11,395 |
| [FIVE POINT HOLDINGS LLC-CL A (FPH)](/companies/fph.md) | COM | $395.3k | 0.3% | 75,000 |  | Added +15,000 |
| [BRILLIANT EARTH GROUP INC-A (BRLT)](/companies/brlt.md) | COM | $384.2k | 0.3% | 340,000 |  | Added +25,000 |
| [SHOE STATION GROUP INC (SHOE)](/companies/shoe.md) | COM | $278.8k | 0.2% | 18,800 |  | Unchanged |
| [CPI CARD GROUP INC (PMTS)](/companies/pmts.md) | COM | $249.4k | 0.2% | 12,000 |  | Reduced −100 |
| [UNIVERSAL TECHNICAL INSTITUT (UTI)](/companies/uti.md) | COM | $213.8k | 0.1% | 5,000 | Put | New +5,000 |
| [UNISYS CORP (UIS)](/companies/uis.md) | COM | $183.0k | 0.1% | 50,000 |  | Reduced −45,600 |
| [ADTRAN HOLDINGS INC (ADTN)](/companies/adtn.md) | COM | $139.0k | <0.1% | 10,000 |  | Reduced −67,200 |
| [FIGS INC-CLASS A (FIGS)](/companies/figs.md) | COM | $127.9k | <0.1% | 12,500 |  | New +12,500 |
| [VIANT TECHNOLOGY INC-A (DSP)](/companies/dsp.md) | COM | $127.9k | <0.1% | 10,100 | Call | New +10,100 |
| [RICHARDSON ELEC LTD (RELL)](/companies/rell.md) | COM | $95.0k | <0.1% | 5,000 |  | New +5,000 |
| [AVIAT NETWORKS INC (AVNW)](/companies/avnw.md) | COM | $79.9k | <0.1% | 3,600 |  | Added +1,600 |
| REE AUTOMOTIVE LTD - CLASS A | COM | $77.9k | <0.1% | 397,585 |  | Reduced −10,615 |
| [CONDUENT INC (CNDT)](/companies/cndt.md) | COM | $73.0k | <0.1% | 50,000 |  | New +50,000 |
| [MATTHEWS INTL CORP-CL A (MATW)](/companies/matw.md) | COM | $60.6k | <0.1% | 2,250 |  | Unchanged |
| [SPROUT SOCIAL INC - CLASS A (SPT)](/companies/spt.md) | COM | $755 | <0.1% | 100 |  | New +100 |

## Sold out

Held at the end of the quarter before and not reported this quarter.

| Issuer | Class | Reported value | Weight | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | ---: | --- | --- |
| AXT INC | COM | $0 | 0.0% | 0 | Put | Sold out −1,500 |
| [CREXENDO INC (CXDO)](/companies/cxdo.md) | COM | $0 | 0.0% | 0 |  | Sold out −139,568 |
| [DIVERSIFIED HEALTHCARE TRUST (DHC)](/companies/dhc.md) | REIT | $0 | 0.0% | 0 |  | Sold out −60,000 |
| [DOUBLEDOWN INTERACTIVE -ADR (DDI)](/companies/ddi.md) | ADRS | $0 | 0.0% | 0 |  | Sold out −79,100 |
| [INSEEGO CORP (INSG)](/companies/insg.md) | COM NEW | $0 | 0.0% | 0 |  | Sold out −300 |
| LUNA INNOVATIONS INC | COM | $0 | 0.0% | 0 |  | Sold out −461,770 |
| [MAGNACHIP SEMICONDUCT-DEP SH (MX)](/companies/mx.md) | COM | $0 | 0.0% | 0 |  | Sold out −365,000 |
| MCDERMOTT INTERNATIONAL LTD | COM | $0 | 0.0% | 0 |  | Sold out −20,000 |
| [PIXELWORKS INC (PXLW)](/companies/pxlw.md) | COM | $0 | 0.0% | 0 |  | Sold out −200,000 |
| PROSHARES ULTRA QQQ | ETF | $0 | 0.0% | 0 |  | Sold out −12,100 |
| SERVICE PROPERTIES TRUST | REIT | $0 | 0.0% | 0 |  | Sold out −209,000 |
| [THE HACKET GROUP INC (HCKT)](/companies/hckt.md) | COM | $0 | 0.0% | 0 |  | Sold out −117,104 |
| [T STAMP INC-CLASS A (IDAI)](/companies/idai.md) | COM | $0 | 0.0% | 0 |  | Sold out −160,900 |
| [XPERI INC-W/I (XPER)](/companies/xper.md) | COM | $0 | 0.0% | 0 | Call | Sold out −1,000 |

Source: SEC EDGAR, Form 13F-HR, accession 0001104659-26-097069. Last ingested by Listed: Oct 22, 2026, 05:26 ET. No prices; not investment advice.