# Topline Capital Management, LLC

> Topline Capital Management, LLC is an SEC-registered investment advisory firm, registered since 2024, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated March 20, 2026.

- CRD: 298981
- Filed as: TOPLINE CAPITAL MANAGEMENT, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Filing period: October 2026
- Form ADV filing dated: March 20, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/298981
- AdvisorCensus page: https://advisorcensus.com/firm/topline-capital-management-llc-298981

## Quick answers

**How is Topline Capital Management, LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Topline Capital Management, LLC reports these compensation arrangements: a percentage of assets under its management; performance-based fees.

**Is Topline Capital Management, LLC registered with the SEC or a state?**
Topline Capital Management, LLC is an SEC-registered investment advisory firm, registered since 2024. Status as filed: Approved. CRD 298981.

**How much does Topline Capital Management, LLC manage?**
Topline Capital Management, LLC reports $1,134,131,443 in regulatory assets under management in its Form ADV filing dated March 20, 2026 (100% discretionary).

**How have Topline Capital Management, LLC's assets and staff changed since 2021?**
In the Form ADV data for Topline Capital Management, LLC: Regulatory assets under management: $375,049,617 in the October 2024 data and $1,134,131,443 in the October 2026 data, up 202%. Total employees: 1 in October 2024 and 1 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Topline Capital Management, LLC serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (2).

**Does Topline Capital Management, LLC report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/298981

**Does Topline Capital Management, LLC state an account minimum?**
Its Form ADV Part 2A brochure dated March 20, 2026 says: "Generally, the minimum initial investment for the Funds is $1,000,000. However, Topline reserves the right to accept lesser amounts as long as the investor qualifies to invest based on all other suitability and regulatory requirements."

**What changed in Topline Capital Management, LLC's recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $629,765,515 to $1,134,131,443 (+80%).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Performance-based fees

### Fees and minimums (Form ADV Part 2A brochure dated March 20, 2026)

- Account minimum: $1,000,000

> Generally, the minimum initial investment for the Funds is $1,000,000. However, Topline reserves the right to accept lesser amounts as long as the investor qualifies to invest based on all other suitability and regulatory requirements.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Regulatory assets under management (Item 5.F)
- Total: $1,134,131,443
- Discretionary: $1,134,131,443
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 2 | $1,134,131,443 |

### Advisory services (Item 5.G)
- Portfolio management for pooled investment vehicles (other than investment companies)

### Firm details
- Registered since: 2024 (2 years)
- Employees: 1 total, 1 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- [toplinecapital.com](https://toplinecapital.com)
- LinkedIn @toplinecapital

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | Not reported | Not reported | May 20, 2021 |
| October 2022 | Not reported | Not reported | June 3, 2022 |
| October 2023 | Not reported | Not reported | February 27, 2023 |
| October 2024 | $375,049,617 | 1 | June 24, 2024 |
| October 2025 | $629,765,515 | 1 | March 25, 2025 |
| October 2026 | $1,134,131,443 | 1 | March 20, 2026 |

Regulatory assets under management: $375,049,617 in the October 2024 data and $1,134,131,443 in the October 2026 data, up 202%.
Total employees: 1 in October 2024 and 1 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $629,765,515 to $1,134,131,443 (+80%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Topline Capital Management, LLC (CRD 298981): Form ADV filing data as of October 2026.