Q2 2026 13F · SEC CIK 1418746

Potomac Capital Management, Inc.

Hedge fundFiled 2026-08-14 for Q2 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $136.7M
Reported positions: 62
Holdings vs S&P 500, 3 yrs: —
Average holding period: 1.6 yrs

Potomac Capital Management, Inc. is a hedge fund that reported 62 positions worth $136.7M in its Q2 2026 13F, filed 2026-08-14. Its largest holdings were EchoStar Corp (ECHO, 12.6%), Anterix Inc. (ATEX, 11.7%), Lesaka Technologies, Inc. (LSAK, 5.5%).

Potomac Capital Management, Inc. holdings largest 50 of 62 positions.

Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.

Potomac Capital Management, Inc. 13F holdings
Stock	% of 13F value	Q1 2026	Shares	Share change	Reported value
ECHOEchoStar Corp	12.6%	20.3%	166,277	-16.0%	$17.3M
ATEXAnterix Inc.	11.7%	5.8%	155,071	-10.8%	$16.0M
LSAKLesaka Technologies, Inc.	5.5%	4.9%	1,515,000	+36.2%	$7.5M
PESIPerma-Fix Environmental Svcs	5.0%	2.8%	477,000	+60.8%	$6.8M
DSPViant Technology Inc	5.0%	5.2%	538,000	+1.0%	$6.8M
CNXXConx Corp	4.9%	4.8%	1,046,710	-12.5%	$6.7M
WYYWidepoint Corp	3.8%	1.2%	299,162	+9.7%	$5.2M
XPERXperi Inc	3.8%	3.0%	624,300	+0.8%	$5.1M
INSEInspired Entertainment Inc	3.7%	3.8%	616,800	+0.0%	$5.1M
DUOTDuos Technologies Group Inc	2.8%	1.9%	313,300	-3.4%	$3.8M
CLARClarus Corp New	2.6%	2.7%	1,131,000	+0.0%	$3.6M
PWFLPowerfleet Inc	2.6%	2.5%	912,000	+0.1%	$3.5M
ALLTAllot Ltd	2.4%	2.2%	373,600	+0.1%	$3.3M
GRPNGroupon Inc	2.2%	1.6%	123,200	-20.9%	$3.0M
LIONLionsgate Studios Corp	1.9%	1.8%	169,000	-22.1%	$2.6M
KVHIKvh Inds Inc	1.9%	3.6%	260,501	-44.1%	$2.6M
FENCFennec Pharmaceuticals Inc	1.8%	1.2%	224,400	+0.0%	$2.4M
GANXGain Therapeutics Inc	1.4%	1.7%	946,400	-6.2%	$1.9M
SHMDSchmid Group N.v.	1.3%	—	288,200	—	$1.8M
CMPOGpgi Inc	1.3%	1.7%	113,500	+0.0%	$1.8M
CODICompass Diversified Holdings	1.3%	1.7%	165,000	-32.2%	$1.8M
TPCSTechprecision Corp	1.1%	0.7%	279,396	+12.0%	$1.5M
CDZICadiz Inc	1.1%	1.4%	350,000	+4.5%	$1.5M
ACVAAcv Auctions Inc	1.0%	—	197,200	—	$1.4M
NNNextnav Inc	1.0%	0.5%	78,950	+110.5%	$1.4M
ARLOArlo Technologies Inc Com	1.0%	1.2%	100,000	+0.0%	$1.3M
GSITGsi Technology Inc	1.0%	1.6%	168,110	-51.7%	$1.3M
IIIInformation Svcs Group Inc	0.9%	1.0%	291,800	+0.0%	$1.2M
BACBank of Amer Corp	0.8%	0.9%	20,000	+0.0%	$1.1M
CSGPCostar Group Inc	0.8%	0.4%	40,000	+233.3%	$1.1M
81761L201Service Properties Trust	0.8%	—	647,000	—	$1.1M
BABAAlibaba Group Hldg Ltd	0.8%	1.2%	10,800	+0.0%	$1.0M
AVDAmerican Vanguard Corp	0.7%	1.4%	358,780	-42.3%	$1.0M
EOLSEvolus Inc	0.7%	0.5%	141,500	+0.0%	$982K
GILTGilat Satellite Networks Ltd	0.7%	1.0%	72,842	+0.0%	$970K
BWBabcock & Wilcox Enterprises	0.7%	0.8%	64,000	+0.0%	$902K
VXXBarclays Bank PLC	0.7%	—	40,300	—	$890K
AVPTAvepoint Inc	0.6%	—	75,500	—	$846K
KOPNKopin Corp	0.6%	—	185,000	—	$829K
PRCHPorch Group Inc	0.6%	0.4%	50,000	-18.7%	$752K
FEAM5e Advanced Materials Inc	0.5%	0.6%	506,300	+0.0%	$704K
ISPRIspire Technology Inc	0.5%	—	598,600	—	$670K
PRTHPriority Technology Hldgs in	0.5%	0.4%	92,206	-15.3%	$615K
CDXSCodexis Inc	0.4%	0.4%	260,000	-5.2%	$588K
PCYOPure Cycle Corp	0.4%	0.4%	48,756	+0.0%	$522K
INTZIntrusion Inc	0.4%	—	518,429	—	$481K
XELBXcel Brands Inc	0.3%	0.6%	250,058	-38.8%	$450K
OWLTOwlet Inc	0.3%	—	77,420	—	$444K
RMNIRimini Str Inc Del	0.3%	—	95,328	—	$406K
FPHFive Point Holdings LLC	0.3%	—	75,000	—	$395K

What Potomac Capital Management, Inc. bought and sold in Q2 2026, against Q1 2026.

New positions

Q1 2026's filing was too long to tell new positions apart.

Share counts compared with the Q1 2026 13F; a split also changes share counts. The latest filing lists more than 50 positions, so a position that left the top 50 may still be held.

How the holdings did against the S&P 500.

1 year: —
3 years: —
5 years: —

A portfolio of the filer's 20 largest 13F positions, weighted by value, bought the trading day after each 13F was filed and held until the next one was: what copying this filer could have earned. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.

Reported 13F value by quarter.

13F value by quarter
Quarter	13F value	Positions
Q2 2026	$136.7M	62
Q1 2026	$114.4M	63
Q4 2025	$119.5M	65
Q4 2023	$86.0M	53
Q3 2023	$77.9M	49
Q2 2023	$88.3M	56
Q1 2023	$91.8M	56
Q4 2022	$80.0M	52
Q3 2022	$79.8M	59
Q2 2022	$81.4M	61
Q1 2022	$103.9M	66
Q4 2021	$104.1M	68

Questions about Potomac Capital Management, Inc.'s portfolio

What stocks does Potomac Capital Management, Inc. own?

Potomac Capital Management, Inc.'s latest 13F, for Q2 2026 and filed Aug 14, 2026, lists 62 positions worth $136.7M. The largest are EchoStar Corp (ECHO) at 12.6%, Anterix Inc. (ATEX) at 11.7%, Lesaka Technologies, Inc. (LSAK) at 5.5%, Perma-Fix Environmental Svcs (PESI) at 5.0% and Viant Technology Inc (DSP) at 5.0%.

What did Potomac Capital Management, Inc. buy last quarter?

In Q2 2026, Potomac Capital Management, Inc. added Costar Group Inc (CSGP) (+233.3% shares), Nextnav Inc (NN) (+110.5% shares) and Perma-Fix Environmental Svcs (PESI) (+60.8% shares), compared with its Q1 2026 filing.

What did Potomac Capital Management, Inc. sell last quarter?

In Q2 2026, Potomac Capital Management, Inc. cut from its top 50 Hackett Group Inc (HCKT), cut from its top 50 Pixelworks Inc (PXLW), cut from its top 50 Magnachip Semiconductor Corp (MX), cut from its top 50 Adtran Holdings Inc (ADTN), cut from its top 50 Expand Energy Corp (CXDO), Gsi Technology Inc (GSIT) (-51.7% shares), Kvh Inds Inc (KVHI) (-44.1% shares) and American Vanguard Corp (AVD) (-42.3% shares), compared with its Q1 2026 filing.

When is Potomac Capital Management, Inc.'s next 13F filing due?

13F filings are due 45 days after each quarter ends. Potomac Capital Management, Inc.'s filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.