# Ground Swell Capital, LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1534450. Source: https://holderbook.com/funds/1534450-ground-swell-capital-llc/

- Reported value: $92.6M
- Positions: 145
- Weight of the ten largest: 76.6%
- Filed: 2026-08-05

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $34.1M | 45,595 | 36.9% | 1 |
| SPACE EXPLORATION TECHN CORP | [SPCX](https://holderbook.com/stocks/SPCX/) | $14.5M | 85,000 | 15.7% | 1 |
| ISHARES TR | [IWM](https://holderbook.com/stocks/IWM/) | $12.0M | 39,841 | 12.9% | 1 |
| ASML HLDG NV | [ASML](https://holderbook.com/stocks/ASML/) | $3.3M | 1,653 | 3.6% | 1 |
| CEREBRAS SYSTEMS INC | [CBRS](https://holderbook.com/stocks/CBRS/) | $2.0M | 8,896 | 2.1% | 1 |
| ENTEGRIS INC | [ENTG](https://holderbook.com/stocks/ENTG/) | $1.3M | 7,003 | 1.4% | 2 |
| MARVELL TECHNOLOGY INC | [MRVL](https://holderbook.com/stocks/MRVL/) | $1.1M | 3,817 | 1.2% | 1 |
| LUMENTUM HLDGS INC | [LITE](https://holderbook.com/stocks/LITE/) | $947.3K | 1,104 | 1.0% | 1 |
| BLACKROCK ETF TRUST | [DYNF](https://holderbook.com/stocks/DYNF/) | $831.0K | 12,219 | 0.9% | 1 |
| ISHARES TR | [IWD](https://holderbook.com/stocks/IWD/) | $828.9K | 3,419 | 0.9% | 1 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $674.2K | 1,603 | 0.7% | 3 |
| MKS INC. | [MKSI](https://holderbook.com/stocks/MKSI/) | $619.2K | 1,392 | 0.7% | 1 |
| ENPHASE ENERGY INC | [ENPH](https://holderbook.com/stocks/ENPH/) | $592.1K | 12,024 | 0.6% | 1 |
| AXIA ENERGIA SA | [AXIAPRC](https://holderbook.com/stocks/AXIAPRC/) | $578.3K | 54,818 | 0.6% | 2 |
| LAM RESEARCH CORP | [LRCX](https://holderbook.com/stocks/LRCX/) | $568.5K | 1,312 | 0.6% | 1 |
| VANGUARD INDEX FDS | [VTV](https://holderbook.com/stocks/VTV/) | $544.4K | 2,498 | 0.6% | 1 |
| NEXTERA ENERGY INC | [NEEPRS](https://holderbook.com/stocks/NEEPRS/) | $490.4K | 9,228 | 0.5% | 1 |
| VANGUARD CHARLOTTE FDS | [BNDX](https://holderbook.com/stocks/BNDX/) | $481.0K | 9,931 | 0.5% | 1 |
| ISHARES TR | [EFA](https://holderbook.com/stocks/EFA/) | $479.5K | 4,616 | 0.5% | 1 |
| SCHWAB STRATEGIC TR | [SCHB](https://holderbook.com/stocks/SCHB/) | $444.8K | 15,359 | 0.5% | 1 |
| INTERACTIVE BROKERS GROUP IN | [IBKR](https://holderbook.com/stocks/IBKR/) | $437.5K | 5,026 | 0.5% | 1 |
| ISHARES TR | [PFF](https://holderbook.com/stocks/PFF/) | $433.4K | 14,216 | 0.5% | 2 |
| PROSHARES TR | [TQQQ](https://holderbook.com/stocks/TQQQ/) | $420.5K | 5,191 | 0.5% | 1 |
| ORUKA THERAPEUTICS INC | [ORKA](https://holderbook.com/stocks/ORKA/) | $411.1K | 4,320 | 0.4% | 1 |
| HEWLETT PACKARD ENTERPRISE C | [HPEPRC](https://holderbook.com/stocks/HPEPRC/) | $396.9K | 3,432 | 0.4% | 1 |
| MONOLITHIC PWR SYS INC | [MPWR](https://holderbook.com/stocks/MPWR/) | $395.4K | 286 | 0.4% | 1 |
| EASTERN BANKSHARES INC | [EBC](https://holderbook.com/stocks/EBC/) | $394.3K | 17,729 | 0.4% | 1 |
| ISHARES INC | [URTH](https://holderbook.com/stocks/URTH/) | $390.1K | 1,925 | 0.4% | 1 |
| LATTICE SEMICONDUCTOR CORP | [LSCC](https://holderbook.com/stocks/LSCC/) | $372.3K | 2,434 | 0.4% | 2 |
| GENTEX CORP | [GNTX](https://holderbook.com/stocks/GNTX/) | $363.5K | 14,383 | 0.4% | 1 |
| ALLEGRO MICROSYSTEMS INC | [ALGM](https://holderbook.com/stocks/ALGM/) | $361.8K | 5,197 | 0.4% | 1 |
| AXSOME THERAPEUTICS INC | [AXSM](https://holderbook.com/stocks/AXSM/) | $361.0K | 1,475 | 0.4% | 1 |
| CG ONCOLOGY INC | [CGON](https://holderbook.com/stocks/CGON/) | $338.6K | 4,765 | 0.4% | 1 |
| CINCINNATI FINL CORP | [CINF](https://holderbook.com/stocks/CINF/) | $336.6K | 1,818 | 0.4% | 1 |
| ISHARES TR | [MBB](https://holderbook.com/stocks/MBB/) | $321.4K | 3,400 | 0.3% | 1 |
| APPFOLIO INC | [APPF](https://holderbook.com/stocks/APPF/) | $311.4K | 1,942 | 0.3% | 1 |
| WW GRAINGER INC | [GWW](https://holderbook.com/stocks/GWW/) | $308.8K | 227 | 0.3% | 1 |
| URBAN OUTFITTERS INC | [URBN](https://holderbook.com/stocks/URBN/) | $300.1K | 4,235 | 0.3% | 1 |
| DIREXION SHARES ETF TRUST | [MUU](https://holderbook.com/stocks/MUU/) | $299.9K | 286 | 0.3% | 1 |
| NEXTERA ENERGY INC | [NEEPRT](https://holderbook.com/stocks/NEEPRT/) | $292.5K | 5,885 | 0.3% | 1 |
| EQUINIX INC | [EQIX](https://holderbook.com/stocks/EQIX/) | $280.4K | 269 | 0.3% | 1 |
| THE CAMPBELLS COMPANY | [CPB](https://holderbook.com/stocks/CPB/) | $271.5K | 12,190 | 0.3% | 1 |
| MACOM TECH SOLUTIONS HLDGS I | [MTSI](https://holderbook.com/stocks/MTSI/) | $270.8K | 712 | 0.3% | 1 |
| CONSTRUCTION PARTNERS INC | [ROAD](https://holderbook.com/stocks/ROAD/) | $260.6K | 2,194 | 0.3% | 1 |
| ISHARES TR | [IYW](https://holderbook.com/stocks/IYW/) | $252.5K | 1,001 | 0.3% | 1 |
| VANGUARD INDEX FDS | [VO](https://holderbook.com/stocks/VO/) | $251.5K | 3,122 | 0.3% | 1 |
| GRAYSCALE ETHEREUM STAKING | [ETH](https://holderbook.com/stocks/ETH/) | $249.4K | 16,591 | 0.3% | 1 |
| EAGLEROCK LD LLC | - | $247.0K | 11,623 | 0.3% | 1 |
| AXIS CAP HLDGS LTD | [AXS](https://holderbook.com/stocks/AXS/) | $244.4K | 2,275 | 0.3% | 1 |
| APPIAN CORP | [APPN](https://holderbook.com/stocks/APPN/) | $242.8K | 10,603 | 0.3% | 1 |
| ACCENTURE PLC IRELAND | [ACN](https://holderbook.com/stocks/ACN/) | $241.7K | 1,942 | 0.3% | 1 |
| JIADE LIMITED | - | $240.9K | 4,819 | 0.3% | 1 |
| VICTORIAS SECRET AND CO | [VSXY](https://holderbook.com/stocks/VSXY/) | $240.2K | 2,877 | 0.3% | 1 |
| DOLLAR GEN CORP | [DG](https://holderbook.com/stocks/DG/) | $236.4K | 2,054 | 0.3% | 1 |
| FIRST TR EXCHANGE-TRADED FD | [QTEC](https://holderbook.com/stocks/QTEC/) | $231.3K | 691 | 0.2% | 1 |
| LUCKY STRIKE ENTERTAINMENT C | [LUCK](https://holderbook.com/stocks/LUCK/) | $227.7K | 30,438 | 0.2% | 1 |
| AVIS BUDGET GROUP INC | [CAR](https://holderbook.com/stocks/CAR/) | $226.8K | 1,534 | 0.2% | 1 |
| WESCO INTL INC | [WCC](https://holderbook.com/stocks/WCC/) | $225.9K | 654 | 0.2% | 1 |
| WILLIAMS SONOMA INC | [WSM](https://holderbook.com/stocks/WSM/) | $223.5K | 959 | 0.2% | 1 |
| ISHARES TR | [SCZ](https://holderbook.com/stocks/SCZ/) | $223.4K | 2,715 | 0.2% | 1 |
| WYNDHAM HOTELS & RESORTS INC | [WH](https://holderbook.com/stocks/WH/) | $215.4K | 2,558 | 0.2% | 1 |
| TETRA TECH INC NEW | [TTEK](https://holderbook.com/stocks/TTEK/) | $215.3K | 7,451 | 0.2% | 1 |
| DECKERS OUTDOOR CORP | [DECK](https://holderbook.com/stocks/DECK/) | $210.8K | 2,123 | 0.2% | 1 |
| PROSHARES TR | [QLD](https://holderbook.com/stocks/QLD/) | $210.1K | 2,171 | 0.2% | 1 |
| DEUTSCHE BK AG | [DB](https://holderbook.com/stocks/DB/) | $208.4K | 6,174 | 0.2% | 1 |
| TOPBUILD COR | [BLD](https://holderbook.com/stocks/BLD/) | $207.0K | 584 | 0.2% | 1 |
| OMNICOM GROUP INC | [OMC](https://holderbook.com/stocks/OMC/) | $205.7K | 2,824 | 0.2% | 1 |
| VITA COCO CO INC | [COCO](https://holderbook.com/stocks/COCO/) | $201.7K | 3,050 | 0.2% | 1 |
| GRANITESHARES ETF TR | - | $191.2K | 10,639 | 0.2% | 1 |
| LUNAI BIOWORKS INC | - | $174.0K | 53,211 | 0.2% | 1 |
| TALON CAP CORP | [TLNCU](https://holderbook.com/stocks/TLNCU/) | $144.9K | 13,813 | 0.2% | 4 |
| DIAMONDROCK HOSPITALITY CO | [DRH](https://holderbook.com/stocks/DRH/) | $143.0K | 11,739 | 0.2% | 1 |
| ALLIANCEBERNSTEIN NATL MUN I | [AFB](https://holderbook.com/stocks/AFB/) | $119.6K | 10,485 | 0.1% | 1 |
| C3 AI INC | [AI](https://holderbook.com/stocks/AI/) | $102.1K | 11,237 | 0.1% | 1 |
| SKILLSOFT CORP | [SKIL](https://holderbook.com/stocks/SKIL/) | $98.5K | 19,017 | 0.1% | 1 |
| ONECONSTRUCTION GROUP LTD | [ONEG](https://holderbook.com/stocks/ONEG/) | $94.7K | 79,586 | 0.1% | 1 |
| SELECTQUOTE INC | [SLQT](https://holderbook.com/stocks/SLQT/) | $74.8K | 88,903 | 0.1% | 1 |
| GETTY IMAGES HOLDINGS INC | [GETY](https://holderbook.com/stocks/GETY/) | $57.9K | 67,366 | 0.1% | 1 |
| CIA ENERGETICA DE MINAS GERA | [CIG](https://holderbook.com/stocks/CIG/) | $55.2K | 26,288 | 0.1% | 1 |
| TIDAL TRUST II | [RKLZ](https://holderbook.com/stocks/RKLZ/) | $51.3K | 20,362 | 0.1% | 1 |
| INVENTIVA SA | [IVA](https://holderbook.com/stocks/IVA/) | $48.4K | 12,803 | 0.1% | 1 |
| LUMENT FINANCE TRUST INC | [LFT](https://holderbook.com/stocks/LFT/) | $46.3K | 50,321 | 0.1% | 1 |
| THEMES ETF TR | [CRMG](https://holderbook.com/stocks/CRMG/) | $46.3K | 11,336 | 0.0% | 1 |
| GERDAU SA | [GGB](https://holderbook.com/stocks/GGB/) | $44.4K | 11,002 | 0.0% | 1 |
| SITE CTRS CORP | [SITC](https://holderbook.com/stocks/SITC/) | $43.1K | 10,857 | 0.0% | 1 |
| NORTHERN DYNASTY MINERALS LT | [NAK](https://holderbook.com/stocks/NAK/) | $38.6K | 20,100 | 0.0% | 1 |
| CLIPPER RLTY INC | [CLPR](https://holderbook.com/stocks/CLPR/) | $37.5K | 13,784 | 0.0% | 1 |
| MYOMO INC | [MYO](https://holderbook.com/stocks/MYO/) | $36.3K | 34,874 | 0.0% | 1 |
| MDXHEALTH SA | [MDXH](https://holderbook.com/stocks/MDXH/) | $36.2K | 88,114 | 0.0% | 1 |
| TRUMP MEDIA & TECHNOLOGY GRO | [DJTWW](https://holderbook.com/stocks/DJTWW/) | $32.0K | 10,017 | 0.0% | 1 |
| FRANKLIN STR PPTYS CORP | [FSP](https://holderbook.com/stocks/FSP/) | $31.2K | 60,653 | 0.0% | 1 |
| NERDY INC | [NRDY](https://holderbook.com/stocks/NRDY/) | $29.0K | 31,618 | 0.0% | 1 |
| FUSEMACHINES INC | [FUSE](https://holderbook.com/stocks/FUSE/) | $28.2K | 26,869 | 0.0% | 1 |
| PS INTL GROUP LTD | [PSIG](https://holderbook.com/stocks/PSIG/) | $27.7K | 21,846 | 0.0% | 1 |
| CANOPY GROWTH CORPORATION | [CGC](https://holderbook.com/stocks/CGC/) | $26.8K | 28,181 | 0.0% | 1 |
| GENENTA SCIENCE S P A | [GNTA](https://holderbook.com/stocks/GNTA/) | $26.4K | 14,374 | 0.0% | 1 |
| DOUGLAS ELLIMAN INC | [DOUG](https://holderbook.com/stocks/DOUG/) | $24.2K | 13,685 | 0.0% | 1 |
| SOLUNA HOLDINGS INC | [SLNH](https://holderbook.com/stocks/SLNH/) | $24.1K | 17,874 | 0.0% | 1 |
| SOS LIMITED | [SOS](https://holderbook.com/stocks/SOS/) | $22.2K | 22,184 | 0.0% | 1 |
| DINGDONG CAYMAN LTD | [DDL](https://holderbook.com/stocks/DDL/) | $22.1K | 11,475 | 0.0% | 1 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +22.8% | +14.8% | +8.0% | 99% |
| Q1 2026 | -5.6% | -4.6% | -1.0% | 99% |
| Q4 2025 | +2.2% | +2.4% | -0.1% | 99% |
| Q3 2025 | +13.9% | +7.8% | +6.1% | 100% |
| Q2 2025 | +15.0% | +10.5% | +4.5% | 100% |
| Q1 2025 | -1.9% | -4.6% | +2.6% | 91% |
| Q4 2024 | -4.5% | +2.1% | -6.6% | 78% |
| Q3 2024 | +6.6% | +5.4% | +1.1% | 81% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $92.6M | 145 |
| Q1 2026 | $50.7M | 122 |
| Q4 2025 | $48.6M | 87 |
| Q3 2025 | $45.7M | 131 |
| Q2 2025 | $63.0M | 141 |
| Q1 2025 | $46.5M | 155 |
| Q4 2024 | $66.5M | 145 |
| Q3 2024 | $113.7M | 149 |
| Q2 2024 | $129.2M | 172 |
| Q1 2024 | $110.2M | 71 |
| Q4 2023 | $27.2M | 68 |
| Q3 2023 | $61.0M | 75 |