Potomac Capital Management, Inc.

Fundamental diversified ★Signal CIK 1418746
League rank
#58
in Fundamental diversified · #290 overall
Long book
$114.4M
Q1 2026
Positions
63
Top-10 weight
57%
concentration
Last quarter
+25.7%
SPY +14.8%
Turnover
30%
of book per quarter

Strategy in plain words

auto-generated from filings

Potomac Capital Management, Inc. is a diversified fundamental manager, running a $114.4M US long book across 63 positions.

The portfolio is concentrated: the top 10 names carry 57% of the portfolio. The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: ECHOSTAR CORP-A, ANTERIX INC, VIANT TECHNOLOGY INC-A, LESAKA TECHNOLOGIES INC, CONX CORP-CLASS A SHARES.

We rate its filings as signal-bearing: position changes reflect genuine views.

Implied long-book return vs S&P 500

methodology: positions priced quarterly, no shorts/options
Fund long book S&P 500
Q4 2025
-4.4%
Q1 2026
+25.7%

Sector allocation

Communications
31%
Technology
28%
Other
13%
Services media
8%
Financials
8%
Utilities
5%
Healthcare
4%
Industrials
2%

Long book by quarter

$119.5M
Q4 2025
$114.4M
Q1 2026

What does Potomac Capital own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
ECHO ECHOSTAR CORP-ACommunications198.0K$23.2M20.3%-20.4%
ATEX ANTERIX INCCommunications173.8K$6.6M5.8%+7.7%
DSP VIANT TECHNOLOGY INC-ATechnology532.6K$6.0M5.2%+20.8%
LSAK LESAKA TECHNOLOGIES INCFinancials1.1M$5.7M4.9%+11.3%
CNXX CONX CORP-CLASS A SHARES1.2M$5.5M4.8%Held
INSE INSPIRED ENTERTAINMENT INCTechnology616.6K$4.4M3.8%-5.2%
KVHI KVH INDUSTRIES INCCommunications465.9K$4.2M3.6%-0.2%
XPER XPERI INCTechnology619.3K$3.5M3.0%+3.2%
PESI PERMA-FIX ENVIRONMENTAL SVCSUtilities296.7K$3.2M2.8%-13.2%
CLAR CLARUS CORPOther1.1M$3.1M2.7%+16.8%
AIOT POWERFLEET INCTechnology911.2K$2.8M2.5%+342.3%
ALLT ALLOT LTDTechnology373.4K$2.5M2.2%+5.4%
DUOT DUOS TECHNOLOGIES GROUP INCTechnology324.2K$2.2M1.9%+18.2%
LION LIONSGATE STUDIOS CORPServices media217.0K$2.1M1.8%-3.6%
GANX GAIN THERAPEUTICS INCHealthcare1.0M$2.0M1.7%-0.1%
GPGI GPGI INCFinancials113.5K$1.9M1.7%-3.0%
CODI COMPASS DIVERSIFIED HOLDINGSOther243.3K$1.9M1.7%New
GRPN GROUPON INCServices media155.8K$1.9M1.6%+4.2%
GSIT GSI TECHNOLOGY INCTechnology348.4K$1.8M1.6%New
CDZI CADIZ INCUtilities335.0K$1.6M1.4%Held
AVD AMERICAN VANGUARD CORPOther622.0K$1.5M1.4%+35.7%
HCKT HACKETT GROUP INC/THEServices media117.1K$1.5M1.3%New
ARLO ARLO TECHNOLOGIES INCServices media100.0K$1.4M1.2%New
FENC FENNEC PHARMACEUTICALS INCHealthcare224.4K$1.4M1.2%+136.0%
WYY WIDEPOINT CORPTechnology272.8K$1.4M1.2%+39.4%
III INFORMATION SERVICES GROUPServices media291.8K$1.1M1.0%Held
GILT GILAT SATELLITE NETWORKS LTDTechnology72.8K$1.1M1.0%-20.1%
PXLW PIXELWORKS INCTechnology200.0K$1.1M0.9%Held
MX MAGNACHIP SEMICONDUCTOR CORPTechnology365.0K$1.0M0.9%-5.7%
BAC BANK OF AMERICA CORPFinancials20.0K$975K0.9%Held
ADTN ADTRAN HOLDINGS INCTechnology77.2K$971K0.8%New
BW BABCOCK & WILCOX ENTERPRIndustrials64.0K$940K0.8%Held
CXDO CREXENDO INCCommunications139.6K$861K0.8%-8.4%
TPCS TECHPRECISION CORPIndustrials249.6K$751K0.7%Held
FEAM 5E ADVANCED MATERIALS INCMaterials506.3K$709K0.6%+728.4%
XELB XCEL BRANDS INCFinancials408.4K$633K0.6%Held
NN NEXTNAV INCTechnology37.5K$601K0.5%+70.5%
EOLS EVOLUS INCHealthcare141.5K$582K0.5%+0.2%
MCDIF MCDERMOTT INTERNATIONAL LTD20.0K$520K0.5%New
PRTH PRIORITY TECHNOLOGY HOLDINGSServices media108.8K$514K0.4%+10.0%
LUNA LUNA INNOVATIONS INC461.8K$508K0.4%Held
PCYO PURE CYCLE CORPUtilities48.8K$490K0.4%Held
CSGP COSTAR GROUP INCServices media12.0K$484K0.4%New
CDXS CODEXIS INCOther274.2K$447K0.4%-8.6%
PRCH PORCH GROUP INCTechnology61.5K$441K0.4%New
BRLT BRILLIANT EARTH GROUP INC-AOther315.0K$419K0.4%+30.7%
IDAI T STAMP INC-CLASS ATechnology160.9K$385K0.3%-16.5%
INTZ INTRUSION INCTechnology465.4K$382K0.3%-1.6%
OWLT OWLET INCOther70.5K$362K0.3%+21.6%
SHOE SHOE STATION GROUP INCConsumer discretionary18.8K$293K0.3%+20.7%

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 14, 202667$115.0M canonicalSEC ↗
Q4 202513F-HRFeb 11, 202678$124.5M canonicalSEC ↗