Square Wave Capital, LLC — 13F Holdings

2026 Q1  ·  14 Positions

2026 Q1 Portfolio Activity

In 2026 Q1, Square Wave Capital, LLC maintained a portfolio of 14 distinct positions. The most significant new addition was ATI INC, now representing 12.89% of the total fund value. They heavily accumulated shares in AMAZON COM INC, increasing the position by 41.1%. The fund also reduced its exposure to FAIR ISAAC CORP by 83.1%.
Position History hover any row below to update
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Square Wave Capital, LLC Investment Manager (13F filer) AUM $413M
PCA Score Concentration Risk
Risk ENB
Total Positions
14
Quarter
2026 Q1
Top Holding
MAR (17.0%)
Top 10 Concentration
97.1%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
Showing 1-14 of 14

Square Wave Capital, LLC Full Holdings List — 2026 Q1

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
MAR
MARRIOTT INTL I...
Consumer Cyclical 16.95% 15.80% #1 1
Prev: #2
6.5 -4,860 -2.2%
P
S
214,240 $70,071,477
$273.56 +21.3%
$327.07 +1.5%
2025 Q3 13F Filing 2026-03-31 2026-05-15
TW
TRADEWEB MKTS I...
Financial Services 14.08% 13.14% #2 2
Prev: #4
6.0 -30,785 -5.9%
P
S
494,815 $58,219,933 2025 Q2 13F Filing 2026-03-31 2026-05-15
AMZN
AMAZON COM INC
Consumer Cyclical 13.27% 10.02% #3 3
Prev: #6
7.5 76,700 41.1%
P
S
263,400 $54,858,318 2025 Q4 13F Filing 2026-03-31 2026-05-15
ATI
ATI INC
Industrials 12.89% #4
Prev: #—
8.0 366,400
NEW
366,400 $53,296,544 2026 Q1 13F Filing 2026-03-31 2026-05-15
ASML
ASML HLDG NV
Technology 12.37% #5
Prev: #—
8.0 38,700
NEW
38,700 $51,116,121 2026 Q1 13F Filing 2026-03-31 2026-05-15
MCO
MOODYS CORP
Financial Services 9.13% 13.74% #6 3
Prev: #3
3.7 -29,200 -25.2%
P
S
86,500 $37,735,625 2025 Q2 13F Filing 2026-03-31 2026-05-15
GOOGL
ALPHABET INC
Communication Services 7.15% 8.72% #7
Prev: #7
3.4 -17,000 -14.2%
P
S
102,800 $29,561,168 2025 Q4 13F Filing 2026-03-31 2026-05-15
MTZ
MASTEC INC
Industrials 4.72% #8
Prev: #—
5.4 60,600
NEW
60,600 $19,497,444 2026 Q1 13F Filing 2026-03-31 2026-05-15
CRS
CARPENTER TECHN...
Industrials 4.39% #9
Prev: #—
5.3 46,000
NEW
46,000 $18,130,900 2026 Q1 13F Filing 2026-03-31 2026-05-15
MU
MICRON TECHNOLO...
Technology 2.15% #10
Prev: #—
4.4 26,300
NEW
26,300 $8,885,192 2026 Q1 13F Filing 2026-03-31 2026-05-15
FICO
FAIR ISAAC CORP
Technology 1.83% 16.47% #11 10
Prev: #1
0.7 -34,800 -83.1%
P
S
7,100 $7,579,534 2025 Q2 13F Filing 2026-03-31 2026-05-15
VEEV
VEEVA SYS INC
Healthcare 1.07% 13.10% #12 7
Prev: #5
0.4 -227,300 -90.0%
P
S
25,200 $4,426,632 2025 Q2 13F Filing 2026-03-31 2026-05-15
AXON
AXON ENTERPRISE...
Industrials 0.00% 0.70%
Sold All 😨
(Was: #9)
0.0 -5,317 -100.0%
CLOSED
$— 2025 Q2 13F Filing 2026-03-31 2026-05-15
EFX
EQUIFAX INC
Industrials 0.00% 8.32%
Sold All 😨
(Was: #8)
0.0 -165,020 -100.0%
CLOSED
$— 2025 Q2 13F Filing 2026-03-31 2026-05-15
Showing 1-14 of 14 holdings

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