# FirstWave Capital Management LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 2093108. Source: https://holderbook.com/funds/2093108-firstwave-capital-management-llc/

- Reported value: $226.6M
- Positions: 63
- Weight of the ten largest: 47.0%
- Filed: 2026-08-12

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 |
|---|---|---|---|---|---|
| REDDIT INC | [RDDT](https://holderbook.com/stocks/RDDT/) | $13.4M | 77,389 | 5.9% | 3 |
| APPLOVIN CORP | [APP](https://holderbook.com/stocks/APP/) | $13.1M | 25,426 | 5.8% | 3 |
| TRANSMEDICS GROUP INC | [TMDX](https://holderbook.com/stocks/TMDX/) | $12.7M | 191,240 | 5.6% | 3 |
| NEBIUS GROUP N.V. | [NBIS](https://holderbook.com/stocks/NBIS/) | $12.3M | 44,645 | 5.4% | 3 |
| HIMS & HERS HEALTH INC | [HIMS](https://holderbook.com/stocks/HIMS/) | $11.8M | 339,978 | 5.2% | 3 |
| CREDO TECHNOLOGY GROUP HOLDI | [CRDO](https://holderbook.com/stocks/CRDO/) | $11.1M | 40,819 | 4.9% | 3 |
| HARROW INC | [HROW](https://holderbook.com/stocks/HROW/) | $9.0M | 211,981 | 4.0% | 3 |
| APPLIED OPTOELECTRONICS INC | [AAOI](https://holderbook.com/stocks/AAOI/) | $8.6M | 58,277 | 3.8% | 2 |
| MERCADOLIBRE INC | [MELI](https://holderbook.com/stocks/MELI/) | $7.5M | 4,448 | 3.3% | 3 |
| NU HLDGS LTD | [NU](https://holderbook.com/stocks/NU/) | $6.9M | 518,327 | 3.1% | 3 |
| IREN LIMITED | [IREN](https://holderbook.com/stocks/IREN/) | $5.6M | 123,456 | 2.5% | 3 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $5.3M | 4,612 | 2.3% | 2 |
| ASTERA LABS INC | [ALAB](https://holderbook.com/stocks/ALAB/) | $5.3M | 10,953 | 2.3% | 3 |
| FORGENT POWER SOLUTIONS INC | [FPS](https://holderbook.com/stocks/FPS/) | $4.3M | 77,617 | 1.9% | 1 |
| SEA LTD | [SE](https://holderbook.com/stocks/SE/) | $4.3M | 45,120 | 1.9% | 3 |
| ROUNDHILL ETF TRUST | - | $3.7M | 49,852 | 1.6% | 1 |
| SHARONAI HOLDINGS INC | [SHAZ](https://holderbook.com/stocks/SHAZ/) | $3.5M | 41,694 | 1.6% | 1 |
| MP MATERIALS CORP | [MP](https://holderbook.com/stocks/MP/) | $3.4M | 61,473 | 1.5% | 3 |
| BOOST RUN INC | [BRUNW](https://holderbook.com/stocks/BRUNW/) | $3.4M | 88,631 | 1.5% | 1 |
| ZETA GLOBAL HOLDINGS CORP | [ZETA](https://holderbook.com/stocks/ZETA/) | $3.3M | 168,692 | 1.5% | 1 |
| PROCEPT BIOROBOTICS CORP | [PRCT](https://holderbook.com/stocks/PRCT/) | $3.3M | 144,408 | 1.4% | 3 |
| OUSTER INC | [OUST](https://holderbook.com/stocks/OUST/) | $2.9M | 46,043 | 1.3% | 1 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $2.8M | 13,965 | 1.2% | 1 |
| ONDAS INC | [ONDS](https://holderbook.com/stocks/ONDS/) | $2.7M | 330,115 | 1.2% | 3 |
| RUBRIK INC. | [RBRK](https://holderbook.com/stocks/RBRK/) | $2.7M | 33,807 | 1.2% | 1 |
| AXON ENTERPRISE INC | [AXON](https://holderbook.com/stocks/AXON/) | $2.5M | 4,528 | 1.1% | 1 |
| BLOOM ENERGY CORP | [BE](https://holderbook.com/stocks/BE/) | $2.5M | 8,340 | 1.1% | 1 |
| CIPHER DIGITAL INC | [CIFR](https://holderbook.com/stocks/CIFR/) | $2.4M | 98,381 | 1.1% | 1 |
| LUMENTUM HLDGS INC | [LITE](https://holderbook.com/stocks/LITE/) | $2.3M | 2,737 | 1.0% | 3 |
| COREWEAVE INC | [CRWV](https://holderbook.com/stocks/CRWV/) | $2.3M | 23,373 | 1.0% | 1 |
| PLANET LABS PBC | [PL](https://holderbook.com/stocks/PL/) | $2.2M | 65,849 | 1.0% | 1 |
| MONGODB INC | [MDB](https://holderbook.com/stocks/MDB/) | $2.1M | 6,347 | 0.9% | 1 |
| COHERENT CORP | [COHR](https://holderbook.com/stocks/COHR/) | $2.1M | 5,304 | 0.9% | 2 |
| DATADOG INC | [DDOG](https://holderbook.com/stocks/DDOG/) | $2.1M | 7,985 | 0.9% | 1 |
| CLEARPOINT NEURO INC | [CLPT](https://holderbook.com/stocks/CLPT/) | $2.1M | 115,600 | 0.9% | 3 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $2.0M | 3,481 | 0.9% | 1 |
| AST SPACEMOBILE INC | [ASTS](https://holderbook.com/stocks/ASTS/) | $1.9M | 21,895 | 0.9% | 1 |
| ZSCALER INC | [ZS](https://holderbook.com/stocks/ZS/) | $1.9M | 13,351 | 0.8% | 1 |
| ROCKET LAB CORP | [RKLB](https://holderbook.com/stocks/RKLB/) | $1.9M | 18,492 | 0.8% | 1 |
| CORNING INC | [GLW](https://holderbook.com/stocks/GLW/) | $1.8M | 7,133 | 0.8% | 1 |
| MGM RESORTS INTERNATIONAL | [MGM](https://holderbook.com/stocks/MGM/) | $1.8M | 38,002 | 0.8% | 1 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $1.8M | 12,950 | 0.8% | 1 |
| FLUENCE ENERGY INC | [FLNC](https://holderbook.com/stocks/FLNC/) | $1.8M | 88,375 | 0.8% | 1 |
| DESTINY TECH100 INC | [DXYZ](https://holderbook.com/stocks/DXYZ/) | $1.7M | 67,104 | 0.8% | 1 |
| LIGHTPATH TECHNOLOGIES INC | [LPTH](https://holderbook.com/stocks/LPTH/) | $1.7M | 103,995 | 0.8% | 1 |
| NEW ERA ENERGY & DIGITAL INC | [NUAI](https://holderbook.com/stocks/NUAI/) | $1.6M | 252,068 | 0.7% | 1 |
| LENNAR CORP | [LEN](https://holderbook.com/stocks/LEN/) | $1.5M | 16,368 | 0.7% | 1 |
| KEEL INFRASTRUCTURE CORP | [KEEL](https://holderbook.com/stocks/KEEL/) | $1.5M | 257,503 | 0.7% | 1 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $1.5M | 7,900 | 0.6% | 1 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $1.5M | 5,162 | 0.6% | 1 |
| HARMONIC INC | [HLIT](https://holderbook.com/stocks/HLIT/) | $1.4M | 84,874 | 0.6% | 1 |
| COUPANG INC | [CPNG](https://holderbook.com/stocks/CPNG/) | $1.4M | 79,317 | 0.6% | 3 |
| FASTLY INC | [FSLY](https://holderbook.com/stocks/FSLY/) | $1.3M | 73,227 | 0.6% | 1 |
| LISTED FDS TR | [MAGS](https://holderbook.com/stocks/MAGS/) | $1.3M | 20,000 | 0.6% | 1 |
| GALAXY DIGITAL INC. | [GLXY](https://holderbook.com/stocks/GLXY/) | $1.3M | 46,152 | 0.6% | 1 |
| ALPHATEC HLDGS INC | [ATEC](https://holderbook.com/stocks/ATEC/) | $1.2M | 143,851 | 0.5% | 1 |
| TWILIO INC | [TWLO](https://holderbook.com/stocks/TWLO/) | $1.2M | 6,025 | 0.5% | 1 |
| BUTTERFLY NETWORK INC | [BFLY](https://holderbook.com/stocks/BFLY/) | $1.2M | 145,398 | 0.5% | 1 |
| CHURCHILL CAP CORP XI | [CCXI](https://holderbook.com/stocks/CCXI/) | $1.1M | 63,781 | 0.5% | 1 |
| CLEANSPARK INC | [CLSK](https://holderbook.com/stocks/CLSK/) | $1.1M | 74,622 | 0.5% | 1 |
| BLUE MOON METALS INC | [BMM](https://holderbook.com/stocks/BMM/) | $1.1M | 168,555 | 0.5% | 1 |
| CAMECO CORP | [CCJ](https://holderbook.com/stocks/CCJ/) | $977.1K | 9,593 | 0.4% | 1 |
| ISHARES TR | [MTUM](https://holderbook.com/stocks/MTUM/) | $154.1K | 0 | 0.1% | 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 | +49.3% | +14.8% | +34.5% | 100% |
| Q1 2026 | -15.0% | -4.6% | -10.4% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $226.6M | 63 |
| Q1 2026 | $94.1M | 27 |
| Q4 2025 | $168.3M | 73 |