FirstWave Capital Management LLC

All Holdings — 2026 Q1

AI Portfolio Summary
In 2026 Q1, FirstWave Capital Management LLC maintained a portfolio of 79 distinct positions. The most significant new addition to the portfolio was APPLIED OPTOELECTRON, which now represents 1.75% of the total fund value. They heavily accumulated shares in TRANSMEDICS GROUP IN, increasing their position by 66.7%. Conversely, FirstWave Capital Management LLC completely exited their position in SALESFORCE INC.
PCA Score Concentration Risk
Risk ENB
Total Positions
79
Quarter
2026 Q1
Top Holding
TMDX (13.1%)
Top 10 Concentration
70.0%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
Showing 1-50 of 79
Stock History Sector / Type Port % Prev % Rank / Prev Conviction Change % Change Influence Shares Mkt Value Avg Cost Price Held 1st Owned Source Source Date Date Reported
TMDX
TRANSMEDICS GRO...
Healthcare 13.13% 5.39% #1
Prev: #1
9.0 49,706 66.7%
P
S
124,268 $12,353,482
$112.75 -10.7%
$99.41 +1.3%
2025 Q4 13F Filing 2026-03-31 2026-05-12
NBIS
NEBIUS GROUP N....
Communication Services 9.86% 4.27% #2
Prev: #2
5.9 3,537 4.1%
P
S
89,399 $9,276,040 2025 Q4 13F Filing 2026-03-31 2026-05-12
APP
APPLOVIN CORP
Communication Services 8.41% 3.34% #3 4
Prev: #7
7.4 11,541 138.5%
P
S
19,873 $7,909,454 2025 Q4 13F Filing 2026-03-31 2026-05-12
RDDT
REDDIT INC
Communication Services 7.73% 3.47% #4 2
Prev: #6
6.6 28,641 112.8%
P
S
54,033 $7,275,543 2025 Q4 13F Filing 2026-03-31 2026-05-12
HIMS
HIMS & HERS HEA...
Healthcare 5.74% 3.62% #5 1
Prev: #4
5.3 72,590 38.7%
P
S
260,247 $5,402,728 2025 Q4 13F Filing 2026-03-31 2026-05-12
CPNG
COUPANG INC
Consumer Cyclical 5.63% 4.00% #6 3
Prev: #3
2.8 -5,078 -1.8%
P
S
280,435 $5,294,613 2025 Q4 13F Filing 2026-03-31 2026-05-12
HROW
HARROW INC
Healthcare 5.39% 2.73% #7 7
Prev: #14
5.2 49,970 53.2%
P
S
143,923 $5,074,725 2025 Q4 13F Filing 2026-03-31 2026-05-12
CRDO
CREDO TECHNOLOG...
Technology 4.86% 2.94% #8 5
Prev: #13
4.4 14,284 41.5%
P
S
48,662 $4,567,902 2025 Q4 13F Filing 2026-03-31 2026-05-12
MELI
MERCADOLIBRE I...
Consumer Cyclical 4.83% 1.47% #9 13
Prev: #22
4.9 1,400 114.1%
P
S
2,627 $4,542,136 2025 Q4 13F Filing 2026-03-31 2026-05-12
NU
NU HLDGS LTD
Financial Services 4.43% 1.58% #10 10
Prev: #20
4.8 131,216 82.8%
P
S
289,752 $4,163,736 2025 Q4 13F Filing 2026-03-31 2026-05-12
IREN
IREN LIMITED
Financial Services 4.32% 3.61% #11 6
Prev: #5
1.7 -42,270 -26.3%
P
S
118,614 $4,066,088 2025 Q4 13F Filing 2026-03-31 2026-05-12
SE
SEA LTD
Consumer Cyclical 3.32% 3.00% #12 3
Prev: #9
1.8 -1,835 -4.6%
P
S
37,751 $3,126,160 2025 Q4 13F Filing 2026-03-31 2026-05-12
ALAB
ASTERA LABS INC
Technology 3.18% 2.96% #13 2
Prev: #11
1.8 -2,679 -8.9%
P
S
27,290 $2,990,984 2025 Q4 13F Filing 2026-03-31 2026-05-12
MP
MP MATERIALS CO...
Basic Materials 2.55% 1.75% #14 5
Prev: #19
1.5 -8,723 -14.9%
P
S
49,653 $2,396,254 2025 Q4 13F Filing 2026-03-31 2026-05-12
PRCT
PROCEPT BIOROBO...
Healthcare 2.14% 2.23% #15 2
Prev: #17
0.9 -39,184 -32.8%
P
S
80,339 $2,009,278 2025 Q4 13F Filing 2026-03-31 2026-05-12
ONON
ON HLDG AG
Consumer Cyclical 2.12% 2.64% #16
Prev: #16
0.8 -37,048 -38.7%
P
S
58,726 $1,997,859 2025 Q4 13F Filing 2026-03-31 2026-05-12
AAOI
APPLIED OPTOELE...
Technology 1.75% #17
Prev: #—
4.2 19,454 no change
NEW
19,454 $1,645,614 2026 Q1 13F Filing 2026-03-31 2026-05-12
HOOD
ROBINHOOD MKTS ...
Financial Services 1.66% #18
Prev: #—
4.2 22,572 no change
NEW
22,572 $1,564,240 2026 Q1 13F Filing 2026-03-31 2026-05-12
ONDS
ONDAS INC
Technology 1.53% 1.24% #19 7
Prev: #26
0.6 -55,005 -25.7%
P
S
159,094 $1,438,210 2025 Q4 13F Filing 2026-03-31 2026-05-12
CELH
CELSIUS HLDGS I...
Consumer Defensive 1.24% 2.73% #20 5
Prev: #15
0.5 -67,645 -67.3%
P
S
32,934 $1,168,498 2025 Q4 13F Filing 2026-03-31 2026-05-12
MU
MICRON TECHNOLO...
Technology 1.11% #21
Prev: #—
3.9 3,103 no change
NEW
3,103 $1,048,318 2026 Q1 13F Filing 2026-03-31 2026-05-12
LITE
LUMENTUM HLDGS ...
Technology 1.05% 0.71% #22 17
Prev: #39
0.4 -1,823 -56.4%
P
S
1,411 $991,594 2025 Q4 13F Filing 2026-03-31 2026-05-12
SOFI
SOFI TECHNOLOGI...
Financial Services 0.94% #23
Prev: #—
3.9 55,835 no change
NEW
55,835 $886,660 2026 Q1 13F Filing 2026-03-31 2026-05-12
COHR
COHERENT CORP
Technology 0.94% #24
Prev: #—
3.9 3,718 no change
NEW
3,718 $885,665 2026 Q1 13F Filing 2026-03-31 2026-05-12
CLPT
CLEARPOINT NEUR...
Healthcare 0.93% 2.95% #25 13
Prev: #12
0.4 -267,569 -73.6%
P
S
95,840 $872,144 2025 Q4 13F Filing 2026-03-31 2026-05-12
CRCL
CIRCLE INTERNET...
Financial Services 0.82% 0.53% #26 38
Prev: #64
0.3 -3,128 -27.9%
P
S
8,075 $770,436 2025 Q4 13F Filing 2026-03-31 2026-05-12
SPY
STATE STR SPDR ...
CALL
CALL Option 0.38% #27
Prev: #—
3.7 400,000 no change
NEW
400,000 $362,000 2026 Q1 13F Filing 2026-03-31 2026-05-12
CRM
SALESFORCE INC
Technology 0.00% 0.31%
Sold All 😨
(Was: #73)
0.0 -1,972 -100.0%
CLOSED
$— 2025 Q4 13F Filing 2026-03-31 2026-05-12
AXTI
AXT INC
Technology 0.00% 0.43%
Sold All 😨
(Was: #72)
0.0 -44,543 -100.0%
CLOSED
$— 2025 Q4 13F Filing 2026-03-31 2026-05-12
DUOL
DUOLINGO INC
Technology 0.00% 0.45%
Sold All 😨
(Was: #71)
0.0 -4,345 -100.0%
CLOSED
$— 2025 Q4 13F Filing 2026-03-31 2026-05-12
NOW
SERVICENOW INC
Technology 0.00% 0.46%
Sold All 😨
(Was: #70)
0.0 -5,036 -100.0%
CLOSED
$— 2025 Q4 13F Filing 2026-03-31 2026-05-12
ISRG
INTUITIVE SURGI...
Healthcare 0.00% 0.46%
Sold All 😨
(Was: #69)
0.0 -1,382 -100.0%
CLOSED
$— 2025 Q4 13F Filing 2026-03-31 2026-05-12
FCX
FREEPORT-MCMORA...
Basic Materials 0.00% 0.47%
Sold All 😨
(Was: #68)
0.0 -15,544 -100.0%
CLOSED
$— 2025 Q4 13F Filing 2026-03-31 2026-05-12
LAC
LITHIUM AMERS C...
Basic Materials 0.00% 0.49%
Sold All 😨
(Was: #67)
0.0 -188,100 -100.0%
CLOSED
$— 2025 Q4 13F Filing 2026-03-31 2026-05-12
AMD
ADVANCED MICRO ...
Technology 0.00% 0.49%
Sold All 😨
(Was: #66)
0.0 -3,856 -100.0%
CLOSED
$— 2025 Q4 13F Filing 2026-03-31 2026-05-12
RIOT
RIOT PLATFORMS ...
Financial Services 0.00% 0.52%
Sold All 😨
(Was: #65)
0.0 -68,830 -100.0%
CLOSED
$— 2025 Q4 13F Filing 2026-03-31 2026-05-12
CCJ
CAMECO CORP
Energy 0.00% 0.53%
Sold All 😨
(Was: #63)
0.0 -9,816 -100.0%
CLOSED
$— 2025 Q4 13F Filing 2026-03-31 2026-05-12
TLN
TALEN ENERGY CO...
Utilities 0.00% 0.54%
Sold All 😨
(Was: #62)
0.0 -2,406 -100.0%
CLOSED
$— 2025 Q4 13F Filing 2026-03-31 2026-05-12
RBLX
ROBLOX CORP
Communication Services 0.00% 0.54%
Sold All 😨
(Was: #61)
0.0 -11,182 -100.0%
CLOSED
$— 2025 Q4 13F Filing 2026-03-31 2026-05-12
BABA
ALIBABA GROUP H...
Consumer Cyclical 0.00% 0.54%
Sold All 😨
(Was: #60)
0.0 -6,185 -100.0%
CLOSED
$— 2025 Q4 13F Filing 2026-03-31 2026-05-12
FVRR
FIVERR INTL LTD
Communication Services 0.00% 0.54%
Sold All 😨
(Was: #59)
0.0 -46,019 -100.0%
CLOSED
$— 2025 Q4 13F Filing 2026-03-31 2026-05-12
IOT
SAMSARA INC
Technology 0.00% 0.54%
Sold All 😨
(Was: #58)
0.0 -25,714 -100.0%
CLOSED
$— 2025 Q4 13F Filing 2026-03-31 2026-05-12
RMBS
RAMBUS INC DEL
Technology 0.00% 0.54%
Sold All 😨
(Was: #57)
0.0 -9,933 -100.0%
CLOSED
$— 2025 Q4 13F Filing 2026-03-31 2026-05-12
GTLB
GITLAB INC
Technology 0.00% 0.54%
Sold All 😨
(Was: #56)
0.0 -24,439 -100.0%
CLOSED
$— 2025 Q4 13F Filing 2026-03-31 2026-05-12
ORCL
ORACLE CORP
Technology 0.00% 0.58%
Sold All 😨
(Was: #55)
0.0 -5,000 -100.0%
CLOSED
$— 2025 Q4 13F Filing 2026-03-31 2026-05-12
GLXY
GALAXY DIGITAL ...
Financial Services 0.00% 0.59%
Sold All 😨
(Was: #54)
0.0 -44,102 -100.0%
CLOSED
$— 2025 Q4 13F Filing 2026-03-31 2026-05-12
DDOG
DATADOG INC
Technology 0.00% 0.60%
Sold All 😨
(Was: #53)
0.0 -7,418 -100.0%
CLOSED
$— 2025 Q4 13F Filing 2026-03-31 2026-05-12
TAN
INVESCO EXCH TR...
ETF 0.00% 0.61%
Sold All 😨
(Was: #52)
0.0 -20,836 -100.0%
CLOSED
$— 2025 Q4 13F Filing 2026-03-31 2026-05-12
DLO
DLOCAL LTD
Technology 0.00% 0.62%
Sold All 😨
(Was: #51)
0.0 -73,572 -100.0%
CLOSED
$— 2025 Q4 13F Filing 2026-03-31 2026-05-12
ASPN
ASPEN AEROGELS ...
Industrials 0.00% 0.63%
Sold All 😨
(Was: #50)
0.0 -372,001 -100.0%
CLOSED
$— 2025 Q4 13F Filing 2026-03-31 2026-05-12
Showing 1-50 of 79 holdings

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