UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F COVER PAGE
OMB APPROVAL
OMB Number:3235-0006
Expires:July 31, 2015
Estimated average burden
hours per response:23.8
Report for the Calendar Year or Quarter Ended:
12-31-2024
Check here if Amendment: ☐ Amendment Number:
This Amendment (Check only one.):☐ is a restatement.
☐ adds new holdings entries.

Institutional Investment Manager Filing this Report:

Name:
Topline Capital Management, LLC
Address:
544 EUCLID STREET
SANTA MONICA, CA 90402
Form 13F File Number:
028-25199

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.


Person Signing this Report on Behalf of Reporting Manager:
Name:
Collin McBirney
Title:
Managing Member
Phone:
310-804-0737


Signature, Place, and Date of Signing:

/s/Collin McBirney
                         [Signature]
Santa Monica, CALIFORNIA
                 [City, State]
02-14-2025
                           [Date]
                          

Report Type (Check only one.):

☒ 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.) 

☐ 13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).) 

☐ 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)


Form 13F Summary Page

Report Summary:

Number of Other Included Managers:
0
Form 13F Information table Entry Total:
36
Form 13F Information table Value Total:
528791180
          (thousands)

List of Other Included Managers:

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.
[If there are no entries in this list, state "NONE" and omit the column headings and list entries.]

  
NONE


UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number:3235-0006
Expires:July 31, 2015
Estimated average burden
hours per response:23.8
COLUMN 1COLUMN 2COLUMN 3COLUMN 4COLUMN 5COLUMN 6COLUMN 7COLUMN 8
VALUESHRS ORSH/PUT/INVESTMENTOTHERVOTING AUTHORITY
NAME OF ISSUERTITLE OF CLASSCUSIP(x$1000)PRN AMTPRNCALLDISCRETIONMANAGERSOLESHAREDNONE
AMERICAN VANGUARD CORPCOM0303711083,758,426811,755SHSOLE811,755 0 0
BLACKLINE INCCOM09239B10960,571,887996,904SHSOLE996,904 0 0
CAMBIUM NETWORKS CORPSHSG17766109910,5791,412,189SHSOLE1,412,189 0 0
CIVEO CORP CDACOM NEW17878Y2074,663,189205,246SHSOLE205,246 0 0
COGNYTE SOFTWARE LTDORD SHSM2513310578,024,5929,020,184SHSOLE9,020,184 0 0
CORECARD CORPORATIONCOM45816D1007,317,050322,337SHSOLE322,337 0 0
CRYO-CELL INTL INCCOM228895108354,13147,791SHSOLE47,791 0 0
CS DISCO INCCOM1263271059,530,0471,909,829SHSOLE1,909,829 0 0
CYTEK BIOSCIENCES INCCOM23285D1091,535,508236,596SHSOLE236,596 0 0
ENVELA CORPCOM29402E1025,418,050754,603SHSOLE754,603 0 0
EXPENSIFY INCCOM CL A30219Q1063,085,172920,947SHSOLE920,947 0 0
FRESHWORKS INCCLASS A COM35805410427,165,6001,680,000SHSOLE1,680,000 0 0
GAIA INC NEWCL A36269P104206,28945,944SHSOLE45,944 0 0
GAMBLING COM GROUP LIMITEDORDINARY SHARESG3R2391016,699,982475,851SHSOLE475,851 0 0
GREEN DOT CORPCL A39304D10257,209,0145,376,787SHSOLE5,376,787 0 0
HERITAGE GLOBAL INCCOM42727E1033,565,1281,927,096SHSOLE1,927,096 0 0
INNOVAGE HLDG CORPCOM45784A104230,84858,740SHSOLE58,740 0 0
INTELLICHECK INCCOM NEW45817G2013,247,6581,159,878SHSOLE1,159,878 0 0
ISSUER DIRECT CORPCOM NEW46520M2046,340,820709,264SHSOLE709,264 0 0
JOINT CORPCOM47973J1023,458,343325,338SHSOLE325,338 0 0
KORU MEDICAL SYSTEMS INCCOM75991010216,659,5814,327,164SHSOLE4,327,164 0 0
MULTIPLAN CORPORATIONCL A NEW62548M2094,754,696321,698SHSOLE321,698 0 0
N-ABLE INCCOMMON STOCK62878D100965,868103,412SHSOLE103,412 0 0
NEPHROS INCCOM640671400617,234419,887SHSOLE419,887 0 0
NERDWALLET INCCOM CL A64082B10269,840,2295,251,145SHSOLE5,251,145 0 0
NETSOL TECHNOLOGIES INCCOM PAR $.00164115A4021,351,087515,682SHSOLE515,682 0 0
NUTEX HEALTH INCCOM67079U3065,689,623179,540SHSOLE179,540 0 0
OPTEX SYS HLDGS INCCOM NEW68384X2095,350,121779,901SHSOLE779,901 0 0
PAYSAFE LIMITEDSHSG6964L20634,481,2102,016,445SHSOLE2,016,445 0 0
PAYSIGN INCCOM70451A10416,945,6075,611,128SHSOLE5,611,128 0 0
PERFORMANT HEALTHCARE INCCOM71377E10519,706,4786,525,324SHSOLE6,525,324 0 0
RUSH STREET INTERACTIVE INCCOM78201110024,851,3521,811,323SHSOLE1,811,323 0 0
SAPIENS INTL CORP N VSHSG7T16G10324,147,048898,662SHSOLE898,662 0 0
SEMRUSH HLDGS INCCL A COM81686C1049,267,398780,084SHSOLE780,084 0 0
UNIFIRST CORP MASSCOM9047081043,991,35923,329SHSOLE23,329 0 0
VESTIS CORPORATIONCOM SHS29430C1026,879,976451,442SHSOLE451,442 0 0