Q2 2025 · 13F-HR
Square Wave Capital, LLCholdings as filed
Filed 2025-08-14 · accession 0001213900-25-076212
$104.3M
Reported value
7
Positions
2025-06-30
Period end
The Brief · Square Wave Capital, LLC · Q2 2025
AI · grounded in 13F
Square Wave Capital, LLC established a new position in AXON valued at $16.49M. The fund also initiated new stakes in TW for $15.65M and VEEV for $15.39M. Additional new positions include EFX at $15.29M, FICO at $15.14M, and MCO at $13.88M. Total assets under management stand at $104.25M across seven positions.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 05464C101 | AXON | AXON ENTERPRISE INC | $16.5M | 15.8% | 19,915 | Common | SOLE |
| 892672106 | TW | TRADEWEB MKTS INC | $15.6M | 15.0% | 106,870 | Common | SOLE |
| 922475108 | VEEV | VEEVA SYS INC | $15.4M | 14.8% | 53,426 | Common | SOLE |
| 294429105 | EFX | EQUIFAX INC | $15.3M | 14.7% | 58,962 | Common | SOLE |
| 303250104 | FICO | FAIR ISAAC CORP | $15.1M | 14.5% | 8,284 | Common | SOLE |
| 615369105 | MCO | MOODYS CORP | $13.9M | 13.3% | 27,669 | Common | SOLE |
| 366651107 | IT | GARTNER INC | $12.4M | 11.9% | 30,728 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.