FirstWave Capital Management LLC
CIK
2093108
Location
MIAMI, FL
Portfolio Value
Small
$353,854,345
Diversification
Highly concentrated
Filing Date
Global Rank
#2,837
/ 8,232
▲ 1781
Top Industry
Internet Content & Information
17.7%
3Y Alpha vs SPY
+50.7%
Period ended 2 months ago
Filed May 12, 2026 · 33d
2 quarters · since Dec 2025
Clone Performance
Feb 2026–Jun 2026 · vs SPYHypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.
Cloned portfolio
+21.5%
SPY
+9.1%
Annualised alpha
+50.7%
Max drawdown
−18.8%
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
27 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025Top Position
73.5%
+67.8 pts
Top 5
83.9%
+61.9 pts
Top 10
91.0%
+52.2 pts
HHI
5,449
Highly concentrated+5,199
Portfolio Trend
2 quarters · across all stocks
Sector Breakdown
As of Mar 31, 2026| Sector | % Portfolio | Value |
|---|---|---|
| Unclassified | 73.5% | $260,136,000 |
| Healthcare | 7.3% | $25,712,354 |
| Communication Services | 6.9% | $24,461,037 |
| Consumer Cyclical | 4.2% | $14,960,765 |
| Technology | 3.8% | $13,568,282 |
| Financial Services | 3.2% | $11,451,156 |
| Basic Materials | 0.7% | $2,396,253 |
| Consumer Defensive | 0.3% | $1,168,498 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased
9 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| NU | Nu Holdings Ltd. | +131,216 | 289,752 | $4,163,736 | |
| HIMS | Hims & Hers Health, Inc. | +72,590 | 260,247 | $5,402,727 | |
| HROW | Harrow, Inc. | +49,970 | 143,923 | $5,074,724 | |
| TMDX | TransMedics Group, Inc. | +49,706 | 124,268 | $12,353,481 | |
| RDDT | Reddit, Inc. | +28,641 | 54,033 | $7,275,543 | |
| CRDO | Credo Technology Group Holding Ltd | +14,284 | 48,662 | $4,567,901 | |
| APP | AppLovin Corp | +11,541 | 19,873 | $7,909,454 | |
| NBIS | Nebius Group N.V. | +3,537 | 89,399 | $9,276,040 | |
| MELI | Mercadolibre Inc | +1,400 | 2,627 | $4,542,135 | |
| No positions match the current search. | |||||
Trimmed
Positions the filer reduced
12 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| CLPT | ClearPoint Neuro, Inc. | −267,569 | 95,840 | $872,144 | |
| CELH | Celsius Holdings, Inc. | −67,645 | 32,934 | $1,168,498 | |
| ONDS | Ondas Inc. | −55,005 | 159,094 | $1,438,209 | |
| IREN | IREN Ltd | −42,270 | 118,614 | $4,066,087 | |
| PRCT | PROCEPT BioRobotics Corp | −39,184 | 80,339 | $2,009,278 | |
| ONON | On Holding AG | −37,048 | 58,726 | $1,997,858 | |
| MP | MP Materials Corp. / DE | −8,723 | 49,653 | $2,396,253 | |
| CPNG | Coupang, Inc. | −5,078 | 280,435 | $5,294,612 | |
| CRCL | Circle Internet Group, Inc. | −3,128 | 8,075 | $770,435 | |
| ALAB | Astera Labs, Inc. | −2,679 | 27,290 | $2,990,984 | |
| SE | Sea Ltd | −1,835 | 37,751 | $3,126,160 | |
| LITE | Lumentum Holdings Inc. | −1,823 | 1,411 | $991,594 | |
| No positions match the current search. | |||||
New Positions
Positions the filer opened this quarter
6 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| SPY | Spdr S&P 500 ETF Trust | 400,000 | $260,136,000 | |
| AAOI | Applied Optoelectronics, Inc. | 19,454 | $1,645,613 | |
| HOOD | Robinhood Markets, Inc. | 22,572 | $1,564,239 | |
| MU | Micron Technology Inc | 3,103 | $1,048,317 | |
| SOFI | SoFi Technologies, Inc. | 55,835 | $886,659 | |
| COHR | Coherent Corp. | 3,718 | $885,664 | |
| No positions match the current search. | ||||
Sold Out
Positions the filer fully exited
25 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| FOUR | Shift4 Payments, Inc. | 82,871 | $5,218,386 | |
| ZETA | Zeta Global Holdings Corp. | 151,235 | $3,077,632 | |
| ZS | Zscaler, Inc. | 11,563 | $2,600,749 | |
| AMBA | Ambarella Inc | 33,075 | $2,343,033 | |
| FTAI | FTAI Aviation Ltd. | 11,394 | $2,242,908 | |
| RKT | Rocket Companies, Inc. | 114,798 | $2,222,489 | |
| OSCR | Oscar Health, Inc. | 131,581 | $1,890,818 | |
| TE | T1 Energy Inc. | 260,120 | $1,737,601 | |
| GLBE | Global-E Online Ltd. | 42,244 | $1,660,611 | |
| RBRK | Rubrik, Inc. | 21,471 | $1,642,102 | |
| ROOT | Root, Inc. | 22,718 | $1,640,921 | |
| ASX | ASE Technology Holding Co., Ltd. | 84,380 | $1,358,518 | |
| AVAV | AeroVironment Inc | 5,602 | $1,355,067 | |
| SEI | Solaris Energy Infrastructure, Inc. | 28,151 | $1,294,101 | |
| MKSI | Mks Inc | 8,021 | $1,281,755 | |
| TEM | Tempus AI, Inc. | 21,635 | $1,277,546 | |
| DAVE | Dave Inc./DE | 5,293 | $1,171,923 | |
| ACMR | ACM Research, Inc. | 29,491 | $1,163,419 | |
| FIX | Comfort Systems USA Inc | 1,225 | $1,143,280 | |
| PLAB | Photronics Inc | 35,503 | $1,136,096 | |
| CIFR | Cipher Digital Inc. | 76,124 | $1,123,590 | |
| MDB | MongoDB, Inc. | 2,675 | $1,122,670 | |
| EOSE | Eos Energy Enterprises, Inc. | 97,326 | $1,115,355 | |
| ATEC | Alphatec Holdings, Inc. | 52,726 | $1,109,355 | |
| FLNC | Fluence Energy, Inc. | 55,306 | $1,093,952 | |
| No positions match the current search. | ||||
27 positions ·
$353,854,345 total
· as of Mar 31, 2026
All sectors
Basic Materials
Communication Services
Consumer Cyclical
Consumer Defensive
Financial Services
Healthcare
Technology
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| SPY |
Spdr S&P 500 ETF Trust
|
NEW | 400,000 | $260,136,000 | 73.51% | |
| TMDX |
TransMedics Group, Inc.
Healthcare
|
Added | 124,268 | $12,353,481 | 3.49% | |
| NBIS |
Nebius Group N.V.
Communication Services
|
Added | 89,399 | $9,276,040 | 2.62% | |
| APP |
AppLovin Corp
Communication Services
|
Added | 19,873 | $7,909,454 | 2.24% | |
| RDDT |
Reddit, Inc.
Communication Services
|
Added | 54,033 | $7,275,543 | 2.06% | |
| HIMS |
Hims & Hers Health, Inc.
Healthcare
|
Added | 260,247 | $5,402,727 | 1.53% | |
| CPNG |
Coupang, Inc.
Consumer Cyclical
|
Reduced | 280,435 | $5,294,612 | 1.50% | |
| HROW |
Harrow, Inc.
Healthcare
|
Added | 143,923 | $5,074,724 | 1.43% | |
| CRDO |
Credo Technology Group Holding Ltd
Technology
|
Added | 48,662 | $4,567,901 | 1.29% | |
| MELI |
Mercadolibre Inc
Consumer Cyclical
|
Added | 2,627 | $4,542,135 | 1.28% | |
| NU |
Nu Holdings Ltd.
Financial Services
|
Added | 289,752 | $4,163,736 | 1.18% | |
| IREN |
IREN Ltd
Financial Services
|
Reduced | 118,614 | $4,066,087 | 1.15% | |
| SE |
Sea Ltd
Consumer Cyclical
|
Reduced | 37,751 | $3,126,160 | 0.88% | |
| ALAB |
Astera Labs, Inc.
Technology
|
Reduced | 27,290 | $2,990,984 | 0.85% | |
| MP |
MP Materials Corp. / DE
Basic Materials
|
Reduced | 49,653 | $2,396,253 | 0.68% | |
| PRCT |
PROCEPT BioRobotics Corp
Healthcare
|
Reduced | 80,339 | $2,009,278 | 0.57% | |
| ONON |
On Holding AG
Consumer Cyclical
|
Reduced | 58,726 | $1,997,858 | 0.56% | |
| AAOI |
Applied Optoelectronics, Inc.
Technology
|
NEW | 19,454 | $1,645,613 | 0.47% | |
| HOOD |
Robinhood Markets, Inc.
Financial Services
|
NEW | 22,572 | $1,564,239 | 0.44% | |
| ONDS |
Ondas Inc.
Technology
|
Reduced | 159,094 | $1,438,209 | 0.41% | |
| CELH |
Celsius Holdings, Inc.
Consumer Defensive
|
Reduced | 32,934 | $1,168,498 | 0.33% | |
| MU |
Micron Technology Inc
Technology
|
NEW | 3,103 | $1,048,317 | 0.30% | |
| LITE |
Lumentum Holdings Inc.
Technology
|
Reduced | 1,411 | $991,594 | 0.28% | |
| SOFI |
SoFi Technologies, Inc.
Financial Services
|
NEW | 55,835 | $886,659 | 0.25% | |
| COHR |
Coherent Corp.
Technology
|
NEW | 3,718 | $885,664 | 0.25% | |
| CLPT |
ClearPoint Neuro, Inc.
Healthcare
|
Reduced | 95,840 | $872,144 | 0.25% | |
| CRCL |
Circle Internet Group, Inc.
Financial Services
|
Reduced | 8,075 | $770,435 | 0.22% |