PERKINS CAPITAL MANAGEMENT INC

Portfolio Overview

PERKINS CAPITAL MANAGEMENT INC disclosed 86 positions worth $106.7M in its Form 13F-HR for Q1 2026, led by $NTRA (Natera, Inc.) at 8.3% of the equity portfolio, followed by $LLY and $AXGN. During the quarter the fund opened 4 new positions and exited 9 — including a new stake in $TLSI and a full exit from $APPS. The portfolio is most concentrated in Healthcare (63.3% of disclosed assets). All figures are sourced directly from PERKINS CAPITAL MANAGEMENT INC’s Form 13F-HR filing with the SEC under CIK 884300.

• 

  Natera, Inc.

  $NTRA

  46.4#1,659

  Quality

  $8.9M44,300 sh
• 

  ELI LILLY & Co

  $LLY

  89.3#2

  Quality

  $8.1M8,830 sh
• 

  Axogen, Inc.

  $AXGN

  38.0#2,028

  Quality

  $5.6M168,842 sh
• 

  IDEXX LABORATORIES INC /DE

  $IDXX

  73.6

  Quality

  $5.5M9,700 sh
• 

  MICROSOFT CORP

  $MSFT

  83.7

  Quality

  $4.2M11,415 sh
• 

  Butterfly Network, Inc.

  $BFLY

  29.5

  Quality

  $3.8M930,930 sh
• 

  CIENA CORP

  $CIEN

  70.7

  Quality

  $3.4M6,300 sh
• 

  MDxHealth SA

  $MDXH

  —

  Quality

  $3.4M1,476,441 sh
• 

  ADVANCED MICRO DEVICES INC

  $AMD

  78.8

  Quality

  $3.2M15,504 sh
• 

  QUICKLOGIC Corp

  $QUIK

  —

  Quality

  $2.9M306,706 sh

Company	Quality	Value	Shares
Natera, Inc.$NTRA	46.4#1,659	$8.9M	44,300
ELI LILLY & Co$LLY	89.3#2	$8.1M	8,830
Axogen, Inc.$AXGN	38.0#2,028	$5.6M	168,842
IDEXX LABORATORIES INC /DE$IDXX	73.6	$5.5M	9,700
MICROSOFT CORP$MSFT	83.7	$4.2M	11,415
Butterfly Network, Inc.$BFLY	29.5	$3.8M	930,930
CIENA CORP$CIEN	70.7	$3.4M	6,300
MDxHealth SA$MDXH	—	$3.4M	1,476,441
ADVANCED MICRO DEVICES INC$AMD	78.8	$3.2M	15,504
QUICKLOGIC Corp$QUIK	—	$2.9M	306,706

Showing top 10 of 86 holdings.

Full Holdings — PERKINS CAPITAL MANAGEMENT INC (Q1 2026)

All 86 disclosed positions from the latest Form 13F-HR, with quarter-over-quarter share changes and 13F Pro quality scores. Sourced from SEC EDGAR.

#	Ticker	Company	Value	Weight	QoQ	Quality
1	$NTRA	Natera, Inc.	$8.9M	8.3%	-1%	46.4
2	$LLY	ELI LILLY & Co	$8.1M	7.6%	-2%	89.3
3	$AXGN	Axogen, Inc.	$5.6M	5.2%	-26%	38
4	$IDXX	IDEXX LABORATORIES INC /DE	$5.5M	5.1%	+0%	73.6
5	$MSFT	MICROSOFT CORP	$4.2M	4.0%	-7%	83.7
6	$BFLY	Butterfly Network, Inc.	$3.8M	3.5%	+1%	29.5
7	$CIEN	CIENA CORP	$3.4M	3.2%	+0%	70.7
8	$MDXH	MDxHealth SA	$3.4M	3.2%	+7%	—
9	$AMD	ADVANCED MICRO DEVICES INC	$3.2M	3.0%	-12%	78.8
10	$QUIK	QUICKLOGIC Corp	$2.9M	2.7%	+11%	—
11	$LMAT	LEMAITRE VASCULAR INC	$2.8M	2.6%	-11%	69.1
12	$OOMA	OOMA INC	$2.6M	2.5%	-1%	51.1
13	$VCYT	VERACYTE, INC.	$2.4M	2.3%	-0%	59.5
14	$ABT	ABBOTT LABORATORIES	$2.1M	2.0%	-4%	67
15	$ATEC	Alphatec Holdings, Inc.	$1.9M	1.8%	+0%	37.7
16	$ONDS	Ondas Inc.	$1.8M	1.7%	-0%	31.8
17	$CYRX	Cryoport, Inc.	$1.7M	1.6%	-0%	59.7
18	$NEOG	NEOGEN CORP	$1.7M	1.6%	-1%	36.9
19	$PERI	Perion Network Ltd.	$1.6M	1.5%	+13%	—
20	$PSNL	Personalis, Inc.	$1.5M	1.4%	+0%	15.7
21	$MGNI	MAGNITE, INC.	$1.4M	1.3%	-2%	42.6
22	$LUCD	Lucid Diagnostics Inc.	$1.3M	1.2%	+0%	—
23	$INGN	Inogen Inc	$1.2M	1.2%	-8%	35.5
24	$INUV	Inuvo, Inc.	$1.2M	1.1%	-1%	35.2
25	$CXDO	Crexendo, Inc.	$1.2M	1.1%	+0%	59.7
26	$BLZE	Backblaze, Inc.	$1.2M	1.1%	+22%	36.9
27	$ABBV	AbbVie Inc.	$1.2M	1.1%	-9%	59.3
28	$NMTC	NEUROONE MEDICAL TECHNOLOGIES Corp	$1.1M	1.1%	+0%	—
29	$PFE	PFIZER INC	$1.0M	0.9%	-4%	69
30	$GILD	GILEAD SCIENCES, INC.	$1.0M	0.9%	-13%	77.8
31	$NEO	NEOGENOMICS INC	$982,037	0.9%	-7%	34.6
32	$MRK	Merck & Co., Inc.	$932,247	0.9%	-11%	70.9
33	$TLSI	TriSalus Life Sciences, Inc.	$920,404	0.9%	NEW	28.3
34	$ZETA	Zeta Global Holdings Corp.	$889,928	0.8%	-1%	53.6
35	$SPAI	Safe Pro Group Inc.	$881,062	0.8%	NEW	—
36	$TELA	TELA Bio, Inc.	$879,363	0.8%	+1%	24.9
37	$CDXS	CODEXIS, INC.	$859,825	0.8%	-0%	11.3
38	$USIO	Usio, Inc.	$800,202	0.8%	-1%	35.3
39	$ELUT	ELUTIA INC.	$794,738	0.7%	-3%	—
40	$CPSH	CPS TECHNOLOGIES CORP/DE/	$750,187	0.7%	-1%	40.5
41	$ATRC	AtriCure, Inc.	$744,633	0.7%	-5%	47.6
42	$VTRS	Viatris Inc	$741,631	0.7%	-5%	47.1
43	$PROF	Profound Medical Corp.	$740,534	0.7%	+0%	—
44	$SKYT	SkyWater Technology, Inc	$723,624	0.7%	-80%	68
45	$BKSY	BlackSky Technology Inc.	$723,350	0.7%	+0%	15.7
46	$AAPL	Apple Inc.	$672,543	0.6%	-43%	76.1
47	$USB	US BANCORP DE	$652,725	0.6%	+0%	71.4
48	$BDSX	BIODESIX INC	$649,353	0.6%	+0%	32.3
49	$COP	CONOCOPHILLIPS	$640,200	0.6%	-8%	74.8
50	$CELC	Celcuity Inc.	$616,356	0.6%	-16%	—
51	$ANIP	ANI PHARMACEUTICALS INC	$602,972	0.6%	-7%	68.6
52	$TGT	TARGET CORP	$593,880	0.6%	+0%	53.1
53	$BLNE	Beeline Holdings, Inc.	$575,750	0.5%	+0%	—
54	$OWLT	Owlet, Inc.	$545,328	0.5%	+4%	32.5
55	$T	AT&T INC.	$463,608	0.4%	-29%	71.9
56	$VZ	VERIZON COMMUNICATIONS INC	$457,221	0.4%	-17%	71.6
57	$BMY	BRISTOL MYERS SQUIBB CO	$450,629	0.4%	-12%	70.1
58	$BP	BP PLC	$432,400	0.4%	+0%	—
59	$DCI	DONALDSON Co INC	$390,402	0.4%	+5%	64.7
60	$CSTL	CASTLE BIOSCIENCES INC	$378,438	0.3%	-45%	37.7
61	$PLUS	EPLUS INC	$376,250	0.3%	+0%	56
62	$NXPI	NXP Semiconductors N.V.	$354,348	0.3%	-22%	—
63	$DGII	DIGI INTERNATIONAL INC	$353,450	0.3%	+0%	56.3
64	$FAST	FASTENAL CO	$336,400	0.3%	+0%	73.5
65	$VCEL	Vericel Corp	$336,176	0.3%	-2%	46
66	$GIS	GENERAL MILLS INC	$330,327	0.3%	-15%	64.1
67	$ELWT	Elauwit Connection, Inc.	$329,115	0.3%	+0%	—
68	$LFVN	Lifevantage Corp	$325,978	0.3%	+0%	49.6
69	$VERI	Veritone, Inc.	$309,782	0.3%	-10%	13.2
70	$JNJ	JOHNSON & JOHNSON	$293,328	0.3%	-25%	72.8
71	$BLFS	BIOLIFE SOLUTIONS INC	$238,500	0.2%	+0%	41.7
72	$STX	Seagate Technology Holdings plc	$215,468	0.2%	NEW	—
73	$XGN	EXAGEN INC.	$215,388	0.2%	+287%	25.2
74	$MRNA	Moderna, Inc.	$203,200	0.2%	NEW	15.9
75	$XOM	EXXON MOBIL CORP	$202,574	0.2%	-30%	61.8
76	$ASUR	ASURE SOFTWARE INC	$202,100	0.2%	+0%	—
77	$APYX	Apyx Medical Corp	$154,980	0.1%	-51%	19.3
78	$AIRG	AIRGAIN INC	$121,000	0.1%	+0%	19.2
79	$OPRX	OptimizeRx Corp	$99,902	0.1%	-9%	51.3
80	$PBYI	PUMA BIOTECHNOLOGY, INC.	$79,875	0.1%	+0%	52.5
81	$RMTI	ROCKWELL MEDICAL, INC.	$62,855	0.1%	+4%	20.5
82	$IRIX	IRIDEX CORP	$55,853	0.1%	+34%	24.3
83	$LUNG	Pulmonx Corp	$52,890	0.1%	-16%	23.9
84	$SOPH	SOPHiA GENETICS SA	$51,975	0.1%	+0%	—
85	$DYAI	DYADIC INTERNATIONAL INC	$39,401	0.0%	-86%	—
86	$ARAY	ACCURAY INC	$20,375	0.0%	-39%	22.7