Square Wave Capital, LLC

CIK

2077145

Location

Brooklyn, NY

Portfolio Value

Small $413,378,886

Diversification

Diversified

Filing Date

Global Rank

#2,904 / 8,578 ▲ 4

Top Industry

Metal Fabrication 17.3%

3Y Alpha vs SPY

-30.9%

Period ended 3 months ago

Filed May 15, 2026 · 32d

6 quarters · since Dec 2024

Clone Performance

Feb 2025–Jun 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

-15.7%

SPY

+25.8%

Annualised alpha

-30.8%

Max drawdown

−31.9%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

12 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

17.0%

+0.5 pts

Top 5

69.6%

−2.7 pts

Top 10

97.1%

−2.9 pts

HHI

1,166

Diversified−134

Portfolio Trend

6 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Consumer Cyclical	30.2%	$124,929,794	2
Financial Services	23.2%	$95,955,557	2
Industrials	22.0%	$90,924,888	3
Technology	16.3%	$67,580,847	3
Communication Services	7.2%	$29,561,168	1
Healthcare	1.1%	$4,426,632	1

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

1 positions

Ticker	Company	Δ Shares	Shares	Value	Open
AMZN	Amazon Com Inc	+76,700	263,400	$54,858,318
No positions match the current search.

Trimmed

Positions the filer reduced

6 positions

Ticker	Company	Δ Shares	Shares	Value
VEEV	Veeva Systems Inc	−227,300	25,200	$4,426,632
FICO	Fair Isaac Corp	−34,800	7,100	$7,579,534
TW	Tradeweb Markets Inc.	−30,785	494,815	$58,219,932
MCO	Moodys Corp /De/	−29,200	86,500	$37,735,625
GOOGL	Alphabet Inc.	−17,000	102,800	$29,561,168
MAR	Marriott International Inc /Md/	−4,860	214,240	$70,071,476
No positions match the current search.

New Positions

Positions the filer opened this quarter

5 positions

Ticker	Company	Shares	Value
ATI	Ati Inc	366,400	$53,296,544
ASML	Asml Holding NV	38,700	$51,116,121
MTZ	Mastec Inc	60,600	$19,497,444
CRS	Carpenter Technology Corp	46,000	$18,130,900
MU	Micron Technology Inc	26,300	$8,885,192
No positions match the current search.

Sold Out

Positions the filer fully exited

2 positions

Ticker	Company	Shares	Value
EFX	Equifax Inc	165,020	$35,806,039
AXON	Axon Enterprise, Inc.	5,317	$3,019,683
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

12 positions · $413,378,886 total · as of Mar 31, 2026

All sectors Communication Services Consumer Cyclical Financial Services Healthcare Industrials Technology

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
MAR	Marriott International Inc /Md/ Consumer Cyclical	Reduced	214,240	-4,860	$70,071,476	+3.1%	16.95%
TW	Tradeweb Markets Inc. Financial Services	Reduced	494,815	-30,785	$58,219,932	+3.0%	14.08%
AMZN	Amazon Com Inc Consumer Cyclical	Added	263,400	+76,700	$54,858,318	+27.3%	13.27%
ATI	Ati Inc Industrials	NEW	366,400	NEW	$53,296,544	NEW	12.89%
ASML	Asml Holding NV Technology	NEW	38,700	NEW	$51,116,121	NEW	12.37%
MCO	Moodys Corp /De/ Financial Services	Reduced	86,500	-29,200	$37,735,625	−36.2%	9.13%
GOOGL	Alphabet Inc. Communication Services	Reduced	102,800	-17,000	$29,561,168	−21.2%	7.15%
MTZ	Mastec Inc Industrials	NEW	60,600	NEW	$19,497,444	NEW	4.72%
CRS	Carpenter Technology Corp Industrials	NEW	46,000	NEW	$18,130,900	NEW	4.39%
MU	Micron Technology Inc Technology	NEW	26,300	NEW	$8,885,192	NEW	2.15%
FICO	Fair Isaac Corp Technology	Reduced	7,100	-34,800	$7,579,534	−89.3%	1.83%
VEEV	Veeva Systems Inc Healthcare	Reduced	25,200	-227,300	$4,426,632	−92.1%	1.07%