13F HOLDINGS REPORT
Potomac Capital Management, Inc.
Quarter ended Q4 2025 · Filed February 11, 2026 · Accession 0001418746-26-000001
Total Value
$124.5M
Positions
78
Other Managers
0
Confidential Omitted
No
Holdings (78)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | ECHOSTAR HOLDING CORP-A | SATS | 248,900 | $27.1M | 21.73% |
| 2 | INSPIRED ENTERTAINMENT INC | 45782N108 | 650,500 | $6.1M | 4.89% |
| 3 | VIANT TECHNOLOGY INC-A | DSP | 440,750 | $5.3M | 4.26% |
| 4 | LESAKA TECHNOLOGIES INC | LSAK | 999,116 | $4.8M | 3.83% |
| 5 | CONX CORP | 212873103 | 1,196,710 | $4.4M | 3.52% |
| 6 | PERMA-FIX ENVIRONMENTAL SVCS | 714157203 | 341,800 | $4.3M | 3.46% |
| 7 | ANTERIX INC | ATEX | 161,400 | $3.5M | 2.83% |
| 8 | XPERI INC-W/I | XPER | 600,000 | $3.5M | 2.82% |
| 9 | ALLOT COMMUNICATIONS LTD | ALLT | 354,288 | $3.5M | 2.80% |
| 10 | KVH INDUSTRIES INC | 482738101 | 466,600 | $3.3M | 2.61% |
| 11 | GAIN THERAPEUTICS INC | GANX | 1,010,000 | $3.3M | 2.61% |
| 12 | CLARUS CORPORATION | CLAR | 968,500 | $3.2M | 2.61% |
| 13 | DUOS TECHNOLOGIES GROUP INC | DUOT | 274,235 | $3.1M | 2.48% |
| 14 | CONDUENT INC | CNDT | 1,545,619 | $3.0M | 2.38% |
| 15 | GROUPON INC | GRPN | 149,500 | $2.6M | 2.11% |
| 16 | ISHARES RUSSELL 2000 | 464287655 | 10,000 | $2.5M | 1.98% |
| 17 | COMPOSECURE INC | 20459V105 | 117,000 | $2.3M | 1.81% |
| 18 | LIONSGATE STUDIOS HOLDING CO | LION | 225,000 | $2.1M | 1.65% |
| 19 | ENERFLEX LTD | EFXT | 128,400 | $2.0M | 1.59% |
| 20 | CADIZ INC | CDZIP | 335,000 | $1.9M | 1.51% |
| 21 | AMERICAN VANGUARD CORP | AVD | 458,300 | $1.8M | 1.41% |
| 22 | INFORMATION SERVICES GROUP | 45675Y104 | 291,800 | $1.7M | 1.35% |
| 23 | ALIBABA GROUP HOLDING LTD | BBAAY | 11,000 | $1.6M | 1.30% |
| 24 | PIXELWORKS INC | PXLW | 200,000 | $1.3M | 1.02% |
| 25 | TECHPRECISION CORP | TPCS | 249,561 | $1.2M | 0.97% |
| 26 | GILAT SATELLITE NETWORKS LTD | GILT | 91,200 | $1.2M | 0.95% |
| 27 | BANK OF AMERICA CORP | 060505104 | 20,000 | $1.1M | 0.88% |
| 28 | POWERFLEET INC | AIOT | 206,000 | $1.1M | 0.88% |
| 29 | WIDEPOINT CORP | WYY | 195,670 | $1.1M | 0.84% |
| 30 | MAGNACHIP SEMICONDUCT-DEP SH | MX | 386,900 | $986,595 | 0.79% |
| 31 | CREXENDO INC | CXDO | 152,300 | $985,381 | 0.79% |
| 32 | SPDR S&P BIOTECH ETF | 78464A870 | 8,000 | $975,440 | 0.78% |
| 33 | DIVERSIFIED HEALTHCARE TRUST | DHCNL | 200,000 | $970,000 | 0.78% |
| 34 | OWLET INC | OWLTW | 57,997 | $938,971 | 0.75% |
| 35 | EVOLUS INC | EOLS | 141,172 | $938,794 | 0.75% |
| 36 | LULULEMON ATHLETICA INC | LULU | 4,400 | $914,364 | 0.73% |
| 37 | COMTECH TELECOMMUNICATIONS | 205826209 | 160,912 | $851,224 | 0.68% |
| 38 | T STAMP INC-CLASS A | IDAI | 192,760 | $753,692 | 0.61% |
| 39 | FENNEC PHARMACEUTICALS INC | FENC | 95,100 | $732,270 | 0.59% |
| 40 | DOUBLEDOWN INTERACTIVE -ADR | DDI | 79,100 | $682,633 | 0.55% |
| 41 | SPDR S&P BIOTECH ETF | 78464A870 | 5,000 | $609,650 | 0.49% |
| 42 | INTRUSION INC | INTZ | 473,050 | $544,008 | 0.44% |
| 43 | PRIORITY TECHNOLOGY HOLDINGS | PRTHU | 98,938 | $539,212 | 0.43% |
| 44 | PURE CYCLE CORP | PCYO | 48,756 | $535,828 | 0.43% |
| 45 | LUNA INNOVATIONS INC | 550351100 | 461,770 | $531,036 | 0.43% |
| 46 | XPERI INC-W/I | XPER | 90,000 | $527,400 | 0.42% |
| 47 | CODEXIS INC | CDXS | 300,000 | $489,000 | 0.39% |
| 48 | SHOTSPOTTER INC | SSTI | 60,400 | $485,012 | 0.39% |
| 49 | VIANT TECHNOLOGY INC-A | DSP | 37,000 | $445,480 | 0.36% |
| 50 | XCEL BRANDS INC | XELB | 408,400 | $441,072 | 0.35% |
| 51 | BRILLIANT EARTH GROUP INC-A | BRLT | 241,000 | $421,750 | 0.34% |
| 52 | BABCOCK & WILCOX ENTERPR | BW-PA | 64,000 | $405,760 | 0.33% |
| 53 | SERVICE PROPERTIES TRUST | 81761L102 | 209,000 | $384,560 | 0.31% |
| 54 | IPATH SERIES B S&P 500 VIX | VXZ | 14,000 | $370,580 | 0.30% |
| 55 | NEXTNAV INC | NXNVW | 22,000 | $366,080 | 0.29% |
| 56 | ANTERIX INC | ATEX | 16,500 | $360,195 | 0.29% |
| 57 | ALLIANCE RESOURCE PARTNERS | ARLP | 15,000 | $348,450 | 0.28% |
| 58 | ALTISOURCE PORTFOLIO SOL | ASPSW | 48,764 | $338,910 | 0.27% |
| 59 | ALTISOURCE PORTFOLIO SOL | ASPSW | 48,764 | $338,910 | 0.27% |
| 60 | CPI CARD GROUP INC | PMTS | 22,956 | $336,994 | 0.27% |
| 61 | RIMINI STREET INC | 76674Q107 | 83,933 | $325,660 | 0.26% |
| 62 | REE AUTOMOTIVE LTD - CLASS A | REE | 408,200 | $299,823 | 0.24% |
| 63 | UNISYS CORP | UIS | 95,770 | $264,325 | 0.21% |
| 64 | SHOE CARNIVAL INC | SCVL | 15,572 | $262,855 | 0.21% |
| 65 | FIVE POINT HOLDINGS LLC-CL A | FPH | 44,275 | $247,497 | 0.20% |
| 66 | 5E ADVANCED MATERIALS INC | FEAV | 61,115 | $186,401 | 0.15% |
| 67 | NEXTNAV INC | NXNVW | 10,100 | $168,064 | 0.14% |
| 68 | SONIM TECHNOLOGIES INC | 83548F408 | 48,000 | $151,200 | 0.12% |
| 69 | ANTERIX INC | ATEX | 5,000 | $109,150 | 0.09% |
| 70 | ANTERIX INC | ATEX | 5,000 | $109,150 | 0.09% |
| 71 | CONDUENT INC | CNDT | 51,000 | $97,920 | 0.08% |
| 72 | CONDUENT INC | CNDT | 50,000 | $96,000 | 0.08% |
| 73 | MATTHEWS INTL CORP | 577128101 | 2,250 | $58,770 | 0.05% |
| 74 | AVIAT NETWORKS INC | AVNW | 2,000 | $42,760 | 0.03% |
| 75 | TIGO ENERGY INC | TYGO | 27,880 | $38,474 | 0.03% |
| 76 | ALTISOURCE PORTFOLIO SOL | ASPSW | 3,209 | $22,303 | 0.02% |
| 77 | MITEK SYSTEMS INC | MITK | 1,000 | $10,550 | 0.01% |
| 78 | SINGLE TOUCH SYSTEMS INC | 82988R203 | 585,576 | $0 | 0.00% |