Potomac Capital Management is an investment fund managing more than $72.1 billion ran by P.j. Solit. There are currently 54 companies in Solit’s portfolio. The largest investments include Inspired Entmt Inc and Lesaka Technologies Inc, together worth $11.9 billion.
As of 7th August 2023, Potomac Capital Management’s top holding is 416,083 shares of Inspired Entmt Inc currently worth over $6.12 billion and making up 8.5% of the portfolio value.
In addition, the fund holds 1,513,923 shares of Lesaka Technologies Inc worth $5.77 billion, whose value fell approximately 0.1% in the past six months.
The third-largest holding is Kvh Inds Inc worth $5.63 billion and the next is EchoStar Corp worth $3.98 billion, with 229,314 shares owned.
Currently, Potomac Capital Management's portfolio is worth at least $72.1 billion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
The Potomac Capital Management office and employees reside in New York, New York. According to the last 13-F report filed with the SEC, P.j. Solit serves as the President at Potomac Capital Management.
In the most recent 13F filing, Potomac Capital Management revealed that it had opened a new position in
Gambling Com Group Limited and bought 327,477 shares worth $3.35 billion.
The investment fund also strengthened its position in Clarus Corp by buying
192,112 additional shares.
This makes their stake in Clarus Corp total 312,112 shares worth $2.85 billion.
Clarus Corp dropped approximately 0.1% in the past year.
On the other hand, there are companies that Potomac Capital Management is getting rid of from its portfolio.
Potomac Capital Management closed its position in EQT Corp on 14th August 2023.
It sold the previously owned 75,000 shares for $2.39 billion.
P.j. Solit also disclosed a decreased stake in Inspired Entmt Inc by 0.2%.
This leaves the value of the investment at $6.12 billion and 416,083 shares.
The two most similar investment funds to Potomac Capital Management are Community Capital Management and Sutton Place Investors. They manage $72 billion and $72 billion respectively.
Potomac Capital Management’s portfolio is diversified across 9 sectors.
Currently, their heaviest sector is Technology — making up 15.6% of
the total portfolio value.
The fund focuses on investments in the United States as
40.7% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are small-cap stocks.
Stocks with a size of more than $100 million in market cap make up
11% of the total holdings value.
On the other hand, large-cap stocks make up only 1.9% of the portfolio.
The average market cap of the portfolio companies is close to $9.33 billion.
These positions were updated on August 14th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Inspired Entmt Inc |
16.95%
416,083
|
$6,120,581,000 | 8.49% |
| Lesaka Technologies Inc |
14.48%
1,513,923
|
$5,768,047,000 | 8.00% |
| Kvh Inds Inc |
15.03%
616,223
|
$5,632,278,000 | 7.81% |
| EchoStar Corp |
4.97%
229,314
|
$3,976,305,000 | 5.52% |
| Gambling Com Group Limited |
Opened
327,477
|
$3,353,364,000 | 4.65% |
| Perma-fix Environmental Svcs |
7.10%
301,000
|
$3,304,980,000 | 4.58% |
| Babcock Wilcox Enterprises |
7.18%
496,181
|
$2,927,468,000 | 4.06% |
| Clarus Corp |
160.09%
312,112
|
$2,852,704,000 | 3.96% |
| Sequans Communications S.A |
14.47%
1,216,283
|
$2,712,311,000 | 3.76% |
| Allot Ltd |
1.03%
779,919
|
$2,464,544,000 | 3.42% |
| EQT Corp |
Closed
75,000
|
$2,393,250,000 | |
| Dish Network Corporation |
77.17%
357,712
|
$2,357,322,000 | 3.27% |
| Bluegreen Vacations Hldg Cor |
6.79%
64,026
|
$2,282,527,000 | 3.17% |
| Enzo Biochem, Inc. |
34.51%
1,049,900
|
$1,931,816,000 | 2.68% |
| Lions Gate Entmnt Corp |
6.24%
171,587
|
$1,515,113,000 | 2.10% |
| Absolute Software Corporation |
Closed
163,000
|
$1,276,290,000 | |
| Vertex Energy Inc |
38.33%
201,000
|
$1,256,250,000 | 1.74% |
| Viant Technology Inc |
6.77%
269,162
|
$1,240,837,000 | 1.72% |
| Xcel Brands Inc |
1.40%
660,149
|
$1,155,261,000 | 1.60% |
| Yatra Online Inc |
6.80%
569,146
|
$1,126,909,000 | 1.56% |
| Evolus Inc |
6.77%
154,847
|
$1,125,738,000 | 1.56% |
| Composecure Inc |
6.77%
163,825
|
$1,123,840,000 | 1.56% |
| Service Pptys Tr |
6.77%
117,562
|
$1,021,614,000 | 1.42% |
| Topgolf Callaway Brands Corp |
70.67%
51,200
|
$1,016,320,000 | 1.41% |
| Spdr Ser Tr |
6.82%
11,554
|
$961,293,000 | 1.33% |
| Aspen Aerogels Inc. |
11.64%
117,226
|
$924,913,000 | 1.28% |
| Direxion Shs Etf Tr |
Closed
27,500
|
$885,775,000 | |
| Orion S.A |
6.79%
41,105
|
$872,248,000 | 1.21% |
| Conduent Inc |
No change
250,000
|
$850,000,000 | 1.18% |
| Information Svcs Group Inc |
6.78%
158,482
|
$849,464,000 | 1.18% |
| Spectrum Brands Hldgs Inc Ne |
Opened
10,000
|
$780,500,000 | 1.08% |
| Techprecision Corp |
Opened
104,886
|
$775,108,000 | 1.08% |
| Shoe Carnival, Inc. |
54.71%
31,700
|
$744,316,000 | 1.03% |
| Bank Of America Corp. |
6.78%
25,244
|
$724,250,000 | 1.00% |
| The One Group Hospitality In |
6.77%
96,774
|
$708,386,000 | 0.98% |
| Tile Shop Holdings, Inc. |
6.77%
121,201
|
$671,454,000 | 0.93% |
| CyberArk Software Ltd |
Closed
4,500
|
$665,910,000 | |
| Intevac, Inc. |
26.32%
175,000
|
$656,250,000 | 0.91% |
| Biomerica Inc. |
6.77%
402,916
|
$547,966,000 | 0.76% |
| Confluent Inc |
29.11%
15,500
|
$547,305,000 | 0.76% |
| Chicken Soup For The Soul En |
0.49%
453,710
|
$537,646,000 | 0.75% |
| Barclays Bank PLC |
Opened
21,000
|
$525,000,000 | 0.73% |
| Pure Cycle Corp. |
6.79%
46,793
|
$514,723,000 | 0.71% |
| TravelCenters of America Inc |
Closed
5,941
|
$513,897,000 | |
| PowerFleet Inc |
6.77%
158,483
|
$475,449,000 | 0.66% |
| Sphere Entertainment Co |
183.02%
15,000
|
$410,850,000 | 0.57% |
| Unisys Corp. |
2.53%
102,528
|
$408,061,000 | 0.57% |
| Powerschool Holdings Inc |
7.22%
20,876
|
$399,567,000 | 0.55% |
| Diversified Healthcare Tr |
93.69%
126,194
|
$283,937,000 | 0.39% |
| Ituran Location And Control Ltd. |
6.79%
11,673
|
$272,448,000 | 0.38% |
| Altisource Portfolio Solns S |
351.15%
45,115
|
$257,156,000 | 0.36% |
| Emcore Corp. |
Closed
222,891
|
$256,325,000 | |
| Griffon Corp. |
69.23%
6,000
|
$241,800,000 | 0.34% |
| Athira Pharma, Inc. |
6.77%
74,585
|
$220,026,000 | 0.31% |
| Lantronix Inc |
Closed
50,000
|
$217,000,000 | |
| Genius Sports Limited |
Opened
30,000
|
$185,700,000 | 0.26% |
| Spark Networks SE |
22.36%
397,903
|
$125,379,000 | 0.17% |
| Lucy Scientific Discovery In |
12.36%
99,734
|
$114,694,000 | 0.16% |
| Cardlytics Inc |
92.03%
14,100
|
$89,112,000 | 0.12% |
| Identiv Inc |
Opened
10,000
|
$84,100,000 | 0.12% |
| PFSWEB Inc |
Opened
15,000
|
$67,800,000 | 0.09% |
| No transactions found | |||
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