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TL

Topline Capital Partners, Lp

HGBL
10% OWNER · HERITAGE GLOBAL INC. · CIK 0001754074
FILING MIX · LIFETIME48%/52%
BUYS
41
SELLS
45
TOTAL VALUE
$57.69M
COMPANIES
7
ACTIVE SINCE
May 2020
HOLDINGS NOW
29,759,455
AVG SELL PX
$6.52
TRADE KIND
SHOWING 86 / 86
Trades · vs SPY
Loading price series…
Performance · forward returns vs SPY
82 backtested trades · 8 horizons · 21 pending
Forward-return performance of every backtestable P/S trade by Topline Capital Partners, Lp, measured at 8 horizons from 7 days to 2 years. Deduped per economic event so co-filings count once. Excess return = trade return minus SPY return over the same window.
HORIZONTRADESWIN RATEINSIDER RETURNSPY RETURNMEAN EXCESSMEDIAN EXCESST-STAT
7d82+71.95%+2.06%+0.60%+1.46%+1.17%1.08
14d82+63.41%+3.69%+0.88%+2.81%+0.71%1.74
30d82+60.98%+7.50%+1.87%+5.63%+0.74%2.10
60d82+67.07%+23.23%+2.68%+20.55%+12.10%3.13
90d82+63.41%+27.46%+3.97%+23.49%+23.46%4.49
180d82+51.22%+38.98%+6.74%+32.24%+26.15%4.89
1y82+53.66%+14.41%+19.15%-4.74%-24.95%-0.86
2y82(21 pending)+86.89%-4.36%+32.55%-36.91%-34.37%-8.05
How to read this: Insider Returnis the average raw return of the filer's trades over the horizon. SPY Return is what SPY did over those same windows — reference only, not a comparison. The headline alpha number is Mean Excess = Insider − SPY; green means the filer beat SPY, red means they trailed it. Win rate is the share of individual trades where the filer beat SPY. T-statvalues above 2 mean the alpha is unlikely to be chance given the sample size. "Pending" counts trades where the horizon hasn't elapsed yet; their stats are not included in the row average.
Holdings over time
HGBL · 3,617,885 shares · as of Apr 18, 2023
01,105,0002,210,0003,315,0004,420,000202120222023SHARES HELD
Trading cadence · quarterly flow
BUY ● SELL ●
2020
2020
2020
2021
2021
2021
2021
2022
2022
2022
2022
2023
2023
2023
2023
2024
2024
2024
2024
2025
2025
2025
2025
2026
2026
FLOW · 41 buys / 45 sellsCOVERAGE · 25 quarters
Form 4 filings · all activity
COMPANYTYPESHARESPRICEVALUEHELD AFTERTRADE DATEFILEDDETAILS
NRDS
NERDWALLET, INC.
SALE
454,872$9.27$4.22M3,289,285Jun 30, 2026Jun 30, 2026 ↗View →
NRDS
NERDWALLET, INC.
SALE
587,835$9.22$5.42M3,744,157Jun 29, 2026Jun 30, 2026 ↗View →
NRDS
NERDWALLET, INC.
SALE
919,153$8.95$8.23M4,331,992Jun 26, 2026Jun 30, 2026 ↗View →
OPXS
OPTEX SYSTEMS HOLDINGS INC
SALE
47,700$11.68$557.1K691,256Jun 30, 2025Jun 30, 2025 ↗View →
OPXS
OPTEX SYSTEMS HOLDINGS INC
SALE
10,000$11.26$112.6K738,956Jun 27, 2025Jun 30, 2025 ↗View →
OPXS
OPTEX SYSTEMS HOLDINGS INC
SALE
30,945$11.07$342.6K748,956Jun 26, 2025Jun 30, 2025 ↗View →
PAYS
PAYSIGN, INC.
SALE
120,000$3.24$388.8K5,336,146Jan 14, 2025Jan 15, 2025 ↗View →
PAYS
PAYSIGN, INC.
SALE
154,982$3.06$474.2K5,456,146Jan 13, 2025Jan 15, 2025 ↗View →
GDOT
GREEN DOT CORP
SALE
331,339$10.54$3.49M5,376,787Dec 31, 2024Dec 31, 2024 ↗View →
PAYS
PAYSIGN, INC.
SALE
20,834$3.03$63.1K5,611,128Dec 31, 2024Dec 31, 2024 ↗View →
GDOT
GREEN DOT CORP
SALE
380,611$10.44$3.97M5,708,126Dec 30, 2024Dec 31, 2024 ↗View →
PAYS
PAYSIGN, INC.
SALE
227,084$3.07$697.1K5,631,962Dec 30, 2024Dec 31, 2024 ↗View →
OPXS
OPTEX SYSTEMS HOLDINGS INC
SALE
13,674$7.24$99.0K779,901Dec 30, 2024Dec 31, 2024 ↗View →
GDOT
GREEN DOT CORP
SALE
247,230$10.54$2.61M6,088,737Dec 27, 2024Dec 31, 2024 ↗View →
PAYS
PAYSIGN, INC.
SALE
231,187$3.31$765.2K5,859,046Dec 27, 2024Dec 31, 2024 ↗View →
OPXS
OPTEX SYSTEMS HOLDINGS INC
SALE
12,488$7.01$87.5K793,575Dec 27, 2024Dec 31, 2024 ↗View →
GDOT
GREEN DOT CORP
PURCHASE
43,179$10.72$462.9K6,335,967Nov 9, 2024Nov 12, 2024 ↗View →
GDOT
GREEN DOT CORP
PURCHASE
135,123$10.94$1.48M6,292,788Nov 8, 2024Nov 12, 2024 ↗View →
NRDS
NERDWALLET, INC.
PURCHASE
412,055$11.35$4.68M5,251,145Oct 22, 2024Oct 23, 2024 ↗View →
NRDS
NERDWALLET, INC.
PURCHASE
49,722$12.05$599.2K4,839,090Oct 21, 2024Oct 23, 2024 ↗View →
GDOT
GREEN DOT CORP
PURCHASE
162,243$11.87$1.93M6,157,665Sep 24, 2024Oct 1, 2024 ↗View →
GDOT
GREEN DOT CORP
PURCHASE
36,671$12.49$458.0K5,995,422Sep 23, 2024Oct 1, 2024 ↗View →
CGNT
COGNYTE SOFTWARE LTD.
PURCHASE
416,040$6.30$2.62M9,020,184Sep 12, 2024Sep 12, 2024 ↗View →
CGNT
COGNYTE SOFTWARE LTD.
PURCHASE
553,591$6.31$3.49M8,604,144Sep 11, 2024Sep 12, 2024 ↗View →
PAYS
PAYSIGN, INC.
PURCHASE
7,242$3.07$22.2K6,160,742Mar 18, 2024Mar 18, 2024 ↗View →
PAYS
PAYSIGN, INC.
PURCHASE
54,183$2.97$160.9K6,153,500Mar 15, 2024Mar 18, 2024 ↗View →
PAYS
PAYSIGN, INC.
PURCHASE
51,300$2.93$150.3K6,099,317Mar 14, 2024Mar 18, 2024 ↗View →
PAYS
PAYSIGN, INC.
PURCHASE
36,781$3.04$111.8K6,048,017Mar 13, 2024Mar 13, 2024 ↗View →
PAYS
PAYSIGN, INC.
PURCHASE
37,517$3.01$112.9K6,011,236Mar 12, 2024Mar 13, 2024 ↗View →
PAYS
PAYSIGN, INC.
PURCHASE
30,100$2.99$90.0K5,973,719Mar 11, 2024Mar 13, 2024 ↗View →
PAYS
PAYSIGN, INC.
PURCHASE
86,978$2.99$260.1K5,943,619Mar 7, 2024Mar 7, 2024 ↗View →
PAYS
PAYSIGN, INC.
PURCHASE
55,049$2.90$159.6K5,856,641Mar 6, 2024Mar 7, 2024 ↗View →
PAYS
PAYSIGN, INC.
PURCHASE
39,674$2.86$113.5K5,801,592Mar 5, 2024Mar 7, 2024 ↗View →
PAYS
PAYSIGN, INC.
PURCHASE
25,082$3.08$77.3K5,761,918Feb 21, 2024Feb 21, 2024 ↗View →
PAYS
PAYSIGN, INC.
PURCHASE
26,444$3.01$79.6K5,736,836Feb 20, 2024Feb 21, 2024 ↗View →
PAYS
PAYSIGN, INC.
PURCHASE
25,736$3.03$78.0K5,710,392Feb 16, 2024Feb 21, 2024 ↗View →
PAYS
PAYSIGN, INC.
PURCHASE
38,544$3.05$117.6K5,684,656Feb 6, 2024Feb 6, 2024 ↗View →
PAYS
PAYSIGN, INC.
PURCHASE
43,607$2.91$126.9K5,646,112Feb 5, 2024Feb 6, 2024 ↗View →
PAYS
PAYSIGN, INC.
PURCHASE
30,149$2.98$89.8K5,602,505Feb 2, 2024Feb 6, 2024 ↗View →
PAYS
PAYSIGN, INC.
PURCHASE
87,344$3.08$269.0K5,572,356Jan 31, 2024Jan 31, 2024 ↗View →
PAYS
PAYSIGN, INC.
PURCHASE
12,604$3.03$38.2K5,485,012Jan 30, 2024Jan 31, 2024 ↗View →
PAYS
PAYSIGN, INC.
PURCHASE
8,379$2.87$24.0K5,472,408Jan 29, 2024Jan 31, 2024 ↗View →
PAYS
PAYSIGN, INC.
PURCHASE
15,059$2.83$42.6K5,464,029Jan 25, 2024Jan 25, 2024 ↗View →
PAYS
PAYSIGN, INC.
PURCHASE
73,000$2.80$204.4K5,448,970Jan 24, 2024Jan 25, 2024 ↗View →
PAYS
PAYSIGN, INC.
PURCHASE
19,098$2.74$52.3K5,375,970Jan 23, 2024Jan 25, 2024 ↗View →
HGBL
HERITAGE GLOBAL INC.
SALE
44,558$3.00$133.7K3,617,885Apr 18, 2023Apr 18, 2023 ↗View →
HGBL
HERITAGE GLOBAL INC.
SALE
55,972$3.02$169.0K3,662,443Apr 17, 2023Apr 18, 2023 ↗View →
HGBL
HERITAGE GLOBAL INC.
SALE
74,162$3.00$222.5K3,718,415Apr 14, 2023Apr 18, 2023 ↗View →
HGBL
HERITAGE GLOBAL INC.
SALE
24,084$2.91$70.1K3,792,577Apr 13, 2023Apr 13, 2023 ↗View →
HGBL
HERITAGE GLOBAL INC.
SALE
9,199$2.90$26.7K3,816,661Apr 12, 2023Apr 13, 2023 ↗View →
HGBL
HERITAGE GLOBAL INC.
SALE
32,666$2.84$92.8K3,825,860Apr 11, 2023Apr 13, 2023 ↗View →
OPXS
OPTEX SYSTEMS HOLDINGS INC
PURCHASE
15,000$2.99$44.9K806,063Apr 6, 2023Apr 7, 2023 ↗View →
OPXS
OPTEX SYSTEMS HOLDINGS INC
PURCHASE
2,400$2.96$7.1K791,063Apr 5, 2023Apr 7, 2023 ↗View →
HGBL
HERITAGE GLOBAL INC.
SALE
1,934$2.84$5.5K3,858,526Apr 4, 2023Apr 5, 2023 ↗View →
HGBL
HERITAGE GLOBAL INC.
SALE
50,000$2.88$144.0K3,860,460Apr 3, 2023Apr 5, 2023 ↗View →
HGBL
HERITAGE GLOBAL INC.
SALE
16,269$2.88$46.9K3,910,460Mar 30, 2023Mar 30, 2023 ↗View →
HGBL
HERITAGE GLOBAL INC.
SALE
19,283$2.86$55.1K3,926,729Mar 29, 2023Mar 30, 2023 ↗View →
HGBL
HERITAGE GLOBAL INC.
SALE
35,345$2.88$101.8K3,946,012Mar 27, 2023Mar 30, 2023 ↗View →
HGBL
HERITAGE GLOBAL INC.
SALE
49,497$2.87$142.1K3,981,357Mar 20, 2023Mar 22, 2023 ↗View →
HGBL
HERITAGE GLOBAL INC.
SALE
48,113$2.82$135.7K4,030,854Mar 16, 2023Mar 16, 2023 ↗View →
HGBL
HERITAGE GLOBAL INC.
SALE
81,795$2.90$237.2K4,078,967Mar 15, 2023Mar 16, 2023 ↗View →
HGBL
HERITAGE GLOBAL INC.
SALE
259,238$2.90$751.8K4,160,762Mar 14, 2023Mar 16, 2023 ↗View →
USIO
USIO, INC.
SALE
357,529$2.06$736.5K2,427,912Nov 11, 2022Nov 14, 2022 ↗View →
USIO
USIO, INC.
SALE
39,994$1.93$77.2K2,785,441Nov 10, 2022Nov 14, 2022 ↗View →
USIO
USIO, INC.
SALE
112,508$2.11$237.4K2,825,435Nov 9, 2022Nov 14, 2022 ↗View →
USIO
USIO, INC.
SALE
47,974$2.13$102.2K2,937,943Oct 19, 2022Oct 21, 2022 ↗View →
USIO
USIO, INC.
SALE
11,771$1.68$19.8K2,985,917Oct 6, 2022Oct 7, 2022 ↗View →
USIO
USIO, INC.
SALE
9,717$1.74$16.9K2,997,688Oct 5, 2022Oct 7, 2022 ↗View →
USIO
USIO, INC.
SALE
44,950$1.60$71.9K3,007,405Aug 16, 2022Aug 16, 2022 ↗View →
USIO
USIO, INC.
SALE
144,042$1.69$243.4K3,052,355Aug 15, 2022Aug 16, 2022 ↗View →
USIO
USIO, INC.
SALE
129,352$1.73$223.8K3,196,397Aug 12, 2022Aug 16, 2022 ↗View →
USIO
USIO, INC.
SALE
320$7.91$2.5K3,325,749Nov 30, 2021Dec 1, 2021 ↗View →
USIO
USIO, INC.
SALE
14,018$7.98$111.9K3,326,069Nov 29, 2021Dec 1, 2021 ↗View →
USIO
USIO, INC.
SALE
7,117$8.00$56.9K3,340,087Nov 26, 2021Nov 26, 2021 ↗View →
USIO
USIO, INC.
SALE
99,682$8.17$814.4K3,347,204Nov 24, 2021Nov 26, 2021 ↗View →
USIO
USIO, INC.
SALE
28,114$7.93$222.9K3,446,886Nov 23, 2021Nov 26, 2021 ↗View →
USIO
USIO, INC.
PURCHASE
100,000$1.32$131.8K3,475,000Dec 30, 2020Dec 31, 2020 ↗View →
USIO
USIO, INC.
PURCHASE
8,593$2.11$18.1K3,375,000Dec 18, 2020Dec 18, 2020 ↗View →
USIO
USIO, INC.
PURCHASE
108,221$2.01$217.5K3,366,407Dec 17, 2020Dec 18, 2020 ↗View →
USIO
USIO, INC.
PURCHASE
153,575$2.04$313.3K3,258,186Dec 16, 2020Dec 18, 2020 ↗View →
USIO
USIO, INC.
PURCHASE
96,691$1.79$173.1K3,104,611Dec 7, 2020Dec 8, 2020 ↗View →
HGBL
HERITAGE GLOBAL INC.
PURCHASE
32,292$1.91$61.7K4,420,000Oct 6, 2020Oct 6, 2020 ↗View →
HGBL
HERITAGE GLOBAL INC.
PURCHASE
27,708$1.86$51.5K4,387,708Oct 5, 2020Oct 6, 2020 ↗View →
HGBL
HERITAGE GLOBAL INC.
PURCHASE
800,000$1.75$1.40M4,311,063Oct 2, 2020Oct 6, 2020 ↗View →
HGBL
HERITAGE GLOBAL INC.
PURCHASE
48,937$1.82$89.1K4,360,000Oct 2, 2020Oct 6, 2020 ↗View →
HGBL
HERITAGE GLOBAL INC.
PURCHASE
264,000$1.09$287.8K3,511,063May 22, 2020May 22, 2020 ↗View →
Other insiders · HGBL
Loading peer insiders…
About this filer
CIK 0001754074
ROLE
10% Owner
PRIMARY
HGBL
COMPANIES
7
ACTIVE SINCE
May 2020
MARKETPEEL · /INSIDER/0001754074DATA · SEC EDGAR · FORM 4 · CONSOLIDATED TAPE
FREE · DAILY · 6 AM ET

The morning brief, before the bell.

One short email. Insider buys, congressional trades, and plain-English analysis.

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