Red Wave Investments LLC

Registered adviser

CIK

1846493

Location

DILLSBURG, PA

Portfolio Value

Small $393,296,020

Diversification

Diversified

Filing Date

Global Rank

#4,314 / 8,811 ▲ 233

Top Industry

Software - Infrastructure 20.6%

Period ended 4 months ago

Filed Aug 6, 2026 · 3mo

23 quarters · since Dec 2020

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Registered adviser

Form ADV roster, Oct 1, 2026

Form ADV adviser

CRD 153198

Roster of Oct 1, 2026

Regulatory AUM

$397,735,451

Main clients

Individuals and high net worth (100% of AUM)

Form ADV history

Monthly rosters from Dec 2019; each row is a run with the same figures, newest first.

Rosters	Regulatory AUM	Main clients
Apr 2026 to Oct 2026	$397,735,451	Individuals and high net worth (100%)
Apr 2025 to Mar 2026	$360,293,484	Individuals and high net worth (98%)
Apr 2024 to Mar 2025	$329,109,903	Individuals and high net worth (98%)
May 2023 to Mar 2024	$293,395,978	Individuals and high net worth (98%)
Apr 2023	$293,395,978	Individuals and high net worth (98%)
Apr 2022 to Mar 2023	$372,319,599	Individuals and high net worth (98%)

3 earlier changes not shown.

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2026, never from the firm's own description.

Style

Concentrated

The top 10 positions are 77.4% of the book (60%+)

Turnover

Low turnover

7.6% over the last four quarters (under 30%)

Horizon

Long horizon

Value-weighted holding period 18.5 quarters (12+)

Closest benchmark: every 13F filer's combined book, active share 77.4%; sector active share 66.8% against the combined 13F book's sector weights.

Over time 23 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

View clone backtest

Portfolio Concentration

122 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

25.5%

−0.7 pts

Top 5

57.8%

−3.4 pts

Top 10

77.4%

+2.1 pts

HHI

1,029

Diversified−61

Portfolio Trend

23 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Unclassified	76.2%	$299,593,463	43
Technology	13.3%	$52,486,916	19
Financial Services	2.3%	$9,224,861	13
Consumer Cyclical	1.8%	$7,059,963	9
Industrials	1.6%	$6,315,331	11
Communication Services	1.5%	$5,758,573	5
Healthcare	1.3%	$4,920,051	10
Consumer Defensive	1.2%	$4,769,558	5
Energy	0.4%	$1,593,632	2
Utilities	0.3%	$1,225,145	4
Basic Materials	0.1%	$348,527	1

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
VO	VANGUARD MID-CAP INDEX FUND	+116,284	152,126	$12,256,791
CHYM	Chime Financial, Inc.	+90,084	463,308	$9,488,547
MSFT	Microsoft Corp	+41,844	49,812	$18,580,872
VUG	VANGUARD GROWTH INDEX FUND	+31,709	38,082	$3,280,383
VBIL	Vanguard Institutional Index Funds	+31,146	312,941	$23,683,374
SPDW	State Street(R) SPDR(R) Portfolio Developed World ex-US ETF	+13,109	133,864	$6,745,406
SPEM	State Street(R) SPDR(R) Portfolio Emerging Markets ETF	+8,003	120,042	$6,215,774
VNQ	VANGUARD REAL ESTATE INDEX FUND	+5,191	61,327	$5,913,762
VTI	VANGUARD TOTAL STOCK MARKET INDEX FUND	+4,097	138,620	$51,294,944
VT	VANGUARD TOTAL WORLD STOCK INDEX FUND	+3,437	120,028	$18,838,394
—		+3,266	11,315	$539,838
BSV	VANGUARD SHORT-TERM BOND INDEX FUND	+2,571	11,289	$879,525
VB	Vanguard Index Funds	+2,489	42,690	$12,940,192
KLAC	Kla Corp	+2,079	2,310	$696,950
VV	VANGUARD LARGE-CAP INDEX FUND	+1,561	21,827	$7,506,523
BND	VANGUARD TOTAL BOND MARKET INDEX FUND	+1,432	20,329	$1,492,351
QQQ	Invesco Qqq Trust, Series 1	+1,141	33,221	$24,463,944
NVDA	Nvidia Corp	+158	31,306	$6,264,017
WMT	Walmart Inc.	+110	17,227	$1,951,130
BAC	Bank Of America Corp /De/	+59	9,797	$558,233
META	Meta Platforms, Inc.	+39	1,753	$987,447
T	At&T Inc.	+26	11,774	$243,721
GS	Goldman Sachs Group Inc	+25	304	$307,456
MRK	Merck & Co., Inc.	+24	7,500	$963,750
LLY	ELI LILLY & Co	+21	623	$747,244
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
FLY	Firefly Aerospace Inc.	−37,073	111,218	$3,269,809
SGOV	iShares 0-3 Month Treasury Bond ETF	−12,610	137,753	$13,867,594
VUSB	VANGUARD ULTRA-SHORT BOND ETF	−8,838	651,243	$32,418,876
DFAC	Dimensional U.S. Core Equity 2 ETF	−6,846	253,392	$11,240,469
VXUS	Vanguard Total International Stock ETF	−2,192	66,344	$5,671,748
CSCO	Cisco Systems, Inc.	−1,996	6,767	$794,851
FXE	Invesco CurrencyShares Euro Trust	−1,890	4,988	$525,934
VTV	VANGUARD VALUE INDEX FUND	−1,870	56,880	$12,395,858
VGK	VANGUARD EUROPEAN STOCK INDEX FUND	−1,823	3,774	$334,149
BIV	Vanguard Bond Index Funds	−1,307	44,925	$3,445,747
HON	Honeywell International Inc	−982	903	$202,181
BNDX	Vanguard Total International Bond ETF	−939	49,323	$2,388,712
LQDH	iShares Interest Rate Hedged Corporate Bond ETF	−656	21,013	$1,956,982
LQD	iShares iBoxx $ Investment Grade Corporate Bond ETF	−631	39,801	$4,341,095
SO	Southern Co	−556	5,348	$511,857
CSX	Csx Corp	−452	7,633	$362,796
MU	Micron Technology Inc	−386	2,053	$2,369,757
IVV	iShares Core S&P 500 ETF	−369	15,315	$11,469,250
DUK	Duke Energy CORP	−270	2,153	$272,526
MA	Mastercard Inc	−243	2,436	$1,251,129
GOOGL	Alphabet Inc.	−237	7,533	$2,692,068
AMZN	Amazon Com Inc	−229	10,024	$2,389,120
KO	Coca Cola Co	−199	3,979	$323,373
CHKP	Check Point Software Technologies Ltd	−190	2,364	$310,700
JNK	State Street(R) SPDR(R) Bloomberg High Yield Bond ETF	−172	20,843	$2,008,639
No positions match the current search.

New Positions

Positions the filer opened this quarter

14 positions

Ticker	Company	Shares	Value
PANW	Palo Alto Networks Inc	1,150	$392,173
INTC	Intel Corp	2,261	$315,703
GE	General Electric Co	703	$262,732
NVO	Novo Nordisk A S	5,149	$246,843
D	Dominion Energy, Inc	3,258	$222,488
UNP	Union Pacific Corp	816	$221,952
MMM	3M Co	1,335	$216,149
SCHB	Schwab U.S. Broad Market ETF	7,351	$212,884
VOO	VANGUARD 500 INDEX FUND	308	$211,537
IWM	iShares Russell 2000 ETF	701	$210,615
CRS	Carpenter Technology Corp	339	$209,108
VEA	Vanguard FTSE Developed Markets ETF	2,912	$207,480
BNY	Bank of New York Mellon Corp	1,413	$204,333
—		2,928	$0
No positions match the current search.

Sold Out

Positions the filer fully exited

3 positions

Ticker	Company	Shares	Value
ACN	Accenture plc	1,348	$267,294
ADBE	Adobe Inc.	929	$225,821
PLTR	Palantir Technologies Inc.	901	$131,798
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

122 tracked positions · $393,296,020 total · filing declares 122 positions · $393,506,651 · as of Jun 30, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Technology Utilities

Showing 1–50 of 122 positions by value · page 1 of 3

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
VTI	VANGUARD TOTAL STOCK MARKET INDEX FUND	Added	138,620	+4,097	$51,294,944	+18.9%	23	before history	13.04%
VUSB	VANGUARD ULTRA-SHORT BOND ETF	Reduced	651,243	-8,838	$32,418,876	−1.3%	15	$49.32	8.24%
QQQ	Invesco Qqq Trust, Series 1	Added	33,221	+1,141	$24,463,944	+32.1%	15	$292.82	6.22%
VBIL	Vanguard Institutional Index Funds	Added	312,941	+31,146	$23,683,374	+11.1%	5	$75.47	6.02%
VT	VANGUARD TOTAL WORLD STOCK INDEX FUND	Added	120,028	+3,437	$18,838,394	+16.8%	23	before history	4.79%
MSFT	Microsoft Corp Technology	Added	49,812	+41,844	$18,580,872	+530.0%	23	before history	4.72%
SGOV	iShares 0-3 Month Treasury Bond ETF	Reduced	137,753	-12,610	$13,867,594	—	7	unpriced	3.53%
VB	Vanguard Index Funds	Added	42,690	+2,489	$12,940,192	+22.9%	23	before history	3.29%
VTV	VANGUARD VALUE INDEX FUND	Reduced	56,880	-1,870	$12,395,858	+7.5%	23	before history	3.15%
VO	VANGUARD MID-CAP INDEX FUND	Added	152,126	+116,284	$12,256,791	+376.3%	23	before history	3.12%
IVV	iShares Core S&P 500 ETF	Reduced	15,315	-369	$11,469,250	—	23	before history	2.92%
DFAC	Dimensional U.S. Core Equity 2 ETF	Reduced	253,392	-6,846	$11,240,469	+11.2%	20	$27.17	2.86%
CHYM	Chime Financial, Inc. Technology	Added	463,308	+90,084	$9,488,547	+35.7%	2	$22.04	2.41%
VV	VANGUARD LARGE-CAP INDEX FUND	Added	21,827	+1,561	$7,506,523	+23.9%	23	before history	1.91%
IDEV	iShares Core MSCI International Developed Markets ETF	Reduced	76,232	-172	$6,785,410	—	23	before history	1.73%
SPDW	State Street(R) SPDR(R) Portfolio Developed World ex-US ETF	Added	133,864	+13,109	$6,745,406	+22.4%	23	before history	1.72%
AAPL	Apple Inc. Technology	Reduced	23,211	-116	$6,716,334	+13.4%	23	before history	1.71%
NVDA	Nvidia Corp Technology	Added	31,306	+158	$6,264,017	+15.3%	23	before history	1.59%
SPEM	State Street(R) SPDR(R) Portfolio Emerging Markets ETF	Added	120,042	+8,003	$6,215,774	+18.3%	23	before history	1.58%
VNQ	VANGUARD REAL ESTATE INDEX FUND	Added	61,327	+5,191	$5,913,762	+18.8%	23	before history	1.50%
VXUS	Vanguard Total International Stock ETF	Reduced	66,344	-2,192	$5,671,748	+7.3%	23	before history	1.44%
LQD	iShares iBoxx $ Investment Grade Corporate Bond ETF	Reduced	39,801	-631	$4,341,095	—	23	before history	1.10%
BIV	Vanguard Bond Index Funds	Reduced	44,925	-1,307	$3,445,747	−3.4%	23	before history	0.88%
VUG	VANGUARD GROWTH INDEX FUND	Added	38,082	+31,709	$3,280,383	+607.1%	23	before history	0.83%
FLY	Firefly Aerospace Inc. Industrials	Reduced	111,218	-37,073	$3,269,809	−22.6%	2	$24.35	0.83%
VWO	VANGUARD EMERGING MARKETS STOCK INDEX FUND	Reduced	49,500	-82	$2,954,655	+10.3%	23	before history	0.75%
GOOGL	Alphabet Inc. Communication Services	Reduced	7,533	-237	$2,692,068	+20.5%	23	before history	0.68%
SPY	Spdr S&P 500 ETF Trust	Added	3,424	+21	$2,556,940	+15.5%	23	before history	0.65%
IVLU	iShares MSCI Intl Value Factor ETF	Held	59,380	0	$2,483,271	—	23	before history	0.63%
AMZN	Amazon Com Inc Consumer Cyclical	Reduced	10,024	-229	$2,389,120	+11.9%	23	before history	0.61%
BNDX	Vanguard Total International Bond ETF	Reduced	49,323	-939	$2,388,712	−1.1%	23	before history	0.61%
MU	Micron Technology Inc Technology	Reduced	2,053	-386	$2,369,757	+187.6%	11	$81.44	0.60%
HD	Home Depot, Inc. Consumer Cyclical	Reduced	6,054	-79	$2,135,124	+5.9%	23	before history	0.54%
VSS	VANGUARD FTSE ALL-WORLD EX-US SMALL-CAP INDEX FUND	Held	13,143	0	$2,027,833	+5.8%	23	before history	0.52%
JNK	State Street(R) SPDR(R) Bloomberg High Yield Bond ETF	Reduced	20,843	-172	$2,008,639	−0.1%	23	before history	0.51%
LQDH	iShares Interest Rate Hedged Corporate Bond ETF	Reduced	21,013	-656	$1,956,982	−2.2%	18	$91.70	0.50%
WMT	Walmart Inc. Consumer Defensive	Added	17,227	+110	$1,951,130	−8.3%	23	before history	0.50%
AMD	Advanced Micro Devices Inc Technology	Held	3,028	0	$1,758,995	+185.6%	14	$84.38	0.45%
BRK-B	Berkshire Hathaway Inc Financial Services	Reduced	3,438	-80	$1,720,340	+2.0%	23	before history	0.44%
AVGO	Broadcom Inc. Technology	Reduced	4,271	-145	$1,613,370	+18.0%	15	$64.77	0.41%
JPM	Jpmorgan Chase & Co Financial Services	Reduced	4,665	-79	$1,526,994	+9.4%	23	before history	0.39%
COST	Costco Wholesale Corp /New Consumer Defensive	Reduced	1,613	-168	$1,508,913	−15.0%	23	before history	0.38%
GOOG	Alphabet Inc. Communication Services	Reduced	4,241	-60	$1,498,472	+21.5%	23	before history	0.38%
BND	VANGUARD TOTAL BOND MARKET INDEX FUND	Added	20,329	+1,432	$1,492,351	+7.2%	23	before history	0.38%
XOM	ExxonMobil Holdings Corp Energy	Reduced	9,977	-100	$1,364,055	−20.2%	23	before history	0.35%
MA	Mastercard Inc Financial Services	Reduced	2,436	-243	$1,251,129	−6.5%	23	before history	0.32%
JNJ	Johnson & Johnson Healthcare	Reduced	4,359	-40	$1,107,055	+3.0%	23	before history	0.28%
TSLA	Tesla, Inc. Consumer Cyclical	Reduced	2,523	-68	$1,061,173	+10.2%	23	before history	0.27%
META	Meta Platforms, Inc. Communication Services	Added	1,753	+39	$987,447	+0.7%	14	$200.51	0.25%
MRK	Merck & Co., Inc. Healthcare	Added	7,500	+24	$963,750	+7.2%	23	before history	0.25%

Showing the top 50 of 122 positions. Create a free account to see every position, past quarters, search, filters and CSV export.

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.