Q4 2025 · 13F-HR
FirstWave Capital Management LLCholdings as filed
Filed 2026-02-13 · accession 0002093108-26-000002
$168.3M
Reported value
73
Positions
2025-12-31
Period end
The Brief · FirstWave Capital Management LLC · Q4 2025
AI · grounded in 13F
FirstWave Capital Management LLC established a new position in TMDX valued at $9.07M. The fund also initiated new stakes in NBIS for $7.19M and CPNG for $6.74M. Other new additions include HIMS, IREN, and RDDT. The fund ended the period with 73 positions and total AUM of $168.33M.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 89377M109 | TMDX | TRANSMEDICS GROUP INC | $9.1M | 5.39% | 74,562 | Common | SOLE |
| N97284108 | NBIS | NEBIUS GROUP N.V. | $7.2M | 4.27% | 85,862 | Common | SOLE |
| 22266T109 | CPNG | COUPANG INC | $6.7M | 4.00% | 285,513 | Common | SOLE |
| 433000106 | HIMS | HIMS & HERS HEALTH INC | $6.1M | 3.62% | 187,657 | Common | SOLE |
| Q4982L109 | IREN | IREN LIMITED | $6.1M | 3.61% | 160,884 | Common | SOLE |
| 75734B100 | RDDT | REDDIT INC | $5.8M | 3.47% | 25,392 | Common | SOLE |
| 03831W108 | APP | APPLOVIN CORP | $5.6M | 3.34% | 8,332 | Common | SOLE |
| 82452J109 | FOUR | SHIFT4 PMTS INC | $5.2M | 3.10% | 82,871 | Common | SOLE |
| 81141R100 | SE | SEA LTD | $5.0M | 3.00% | 39,586 | Common | SOLE |
| 92891H606 | UVIX | VS TRUST | $5.0M | 2.99% | 881,126 | Common | SOLE |
| 04626A103 | ALAB | ASTERA LABS INC | $5.0M | 2.96% | 29,969 | Common | SOLE |
| 18507C103 | CLPT | CLEARPOINT NEURO INC | $5.0M | 2.95% | 363,409 | Common | SOLE |
| G25457105 | CRDO | CREDO TECHNOLOGY GROUP HOLDI | $4.9M | 2.94% | 34,378 | Common | SOLE |
| 415858109 | HROW | HARROW INC | $4.6M | 2.73% | 93,953 | Common | SOLE |
| 15118V207 | CELH | CELSIUS HLDGS INC | $4.6M | 2.73% | 100,579 | Common | SOLE |
| H5919C104 | ONON | ON HLDG AG | $4.5M | 2.64% | 95,774 | Common | SOLE |
| 74276L105 | PRCT | PROCEPT BIOROBOTICS CORP | $3.8M | 2.23% | 119,523 | Common | SOLE |
| 98956A105 | ZETA | ZETA GLOBAL HOLDINGS CORP | $3.1M | 1.83% | 151,235 | Common | SOLE |
| 553368101 | MP | MP MATERIALS CORP | $2.9M | 1.75% | 58,376 | Common | SOLE |
| G6683N103 | NU | NU HLDGS LTD | $2.7M | 1.58% | 158,536 | Common | SOLE |
| 98980G102 | ZS | ZSCALER INC | $2.6M | 1.54% | 11,563 | Common | SOLE |
| 58733R102 | MELI | MERCADOLIBRE INC | $2.5M | 1.47% | 1,227 | Common | SOLE |
| G037AX101 | AMBA | AMBARELLA INC | $2.3M | 1.39% | 33,075 | Common | SOLE |
| G3730V105 | FTAI | FTAI AVIATION LTD | $2.2M | 1.33% | 11,394 | Common | SOLE |
| 77311W101 | RKT | ROCKET COS INC | $2.2M | 1.32% | 114,798 | Common | SOLE |
| 68236H204 | ONDS | ONDAS HLDGS INC | $2.1M | 1.24% | 214,099 | Common | SOLE |
| 687793109 | OSCR | OSCAR HEALTH INC | $1.9M | 1.12% | 131,581 | Common | SOLE |
| 35834F104 | TE | T1 ENERGY INC | $1.7M | 1.03% | 260,120 | Common | SOLE |
| M5216V106 | GLBE | GLOBAL E ONLINE LTD | $1.7M | 0.99% | 42,244 | Common | SOLE |
| 781154109 | RBRK | RUBRIK INC. | $1.6M | 0.98% | 21,471 | Common | SOLE |
| 77664L207 | ROOT | ROOT INC | $1.6M | 0.97% | 22,718 | Common | SOLE |
| 02079K107 | GOOG | ALPHABET INC | $1.4M | 0.82% | 4,394 | Common | SOLE |
| 85208P402 | SETM | SPROTT FDS TR | $1.4M | 0.81% | 46,972 | Common | SOLE |
| 00215W100 | ASX | ASE TECHNOLOGY HLDG CO LTD | $1.4M | 0.81% | 84,380 | Common | SOLE |
| 008073108 | AVAV | AEROVIRONMENT INC | $1.4M | 0.80% | 5,602 | Common | SOLE |
| 83418M103 | SEI | SOLARIS ENERGY INFRAS INC | $1.3M | 0.77% | 28,151 | Common | SOLE |
| 55306N104 | MKSI | MKS INC. | $1.3M | 0.76% | 8,021 | Common | SOLE |
| 88023B103 | TEM | TEMPUS AI INC | $1.3M | 0.76% | 21,635 | Common | SOLE |
| 55024U109 | LITE | LUMENTUM HLDGS INC | $1.2M | 0.71% | 3,234 | Common | SOLE |
| 23834J201 | DAVE | DAVE INC | $1.2M | 0.70% | 5,293 | Common | SOLE |
| 00108J109 | ACMR | ACM RESH INC | $1.2M | 0.69% | 29,491 | Common | SOLE |
| 199908104 | FIX | COMFORT SYS USA INC | $1.1M | 0.68% | 1,225 | Common | SOLE |
| 719405102 | PLAB | PHOTRONICS INC | $1.1M | 0.67% | 35,503 | Common | SOLE |
| 17253J106 | CIFR | CIPHER MINING INC | $1.1M | 0.67% | 76,124 | Common | SOLE |
| 60937P106 | MDB | MONGODB INC | $1.1M | 0.67% | 2,675 | Common | SOLE |
| 29415C101 | EOSE | EOS ENERGY ENTERPRISES INC | $1.1M | 0.66% | 97,326 | Common | SOLE |
| 02081G201 | ATEC | ALPHATEC HLDGS INC | $1.1M | 0.66% | 52,726 | Common | SOLE |
| 34379V103 | FLNC | FLUENCE ENERGY INC | $1.1M | 0.65% | 55,306 | Common | SOLE |
| 146869102 | CVNA | CARVANA CO | $1.1M | 0.65% | 2,576 | Common | SOLE |
| 04523Y105 | ASPN | ASPEN AEROGELS INC | $1.1M | 0.63% | 372,001 | Common | SOLE |
| G29018101 | DLO | DLOCAL LTD | $1.0M | 0.62% | 73,572 | Common | SOLE |
| 46138G706 | TAN | INVESCO EXCH TRADED FD TR II | $1.0M | 0.61% | 20,836 | Common | SOLE |
| 23804L103 | DDOG | DATADOG INC | $1.0M | 0.60% | 7,418 | Common | SOLE |
| 36317J209 | GLXY | GALAXY DIGITAL INC. | $986,121 | 0.59% | 44,102 | Common | SOLE |
| 68389X105 | ORCL | ORACLE CORP | $974,550 | 0.58% | 5,000 | Common | SOLE |
| 37637K108 | GTLB | GITLAB INC | $917,196 | 0.54% | 24,439 | Common | SOLE |
| 750917106 | RMBS | RAMBUS INC DEL | $912,743 | 0.54% | 9,933 | Common | SOLE |
| 79589L106 | IOT | SAMSARA INC | $911,561 | 0.54% | 25,714 | Common | SOLE |
| M4R82T106 | FVRR | FIVERR INTL LTD | $909,335 | 0.54% | 46,019 | Common | SOLE |
| 01609W102 | BABA | ALIBABA GROUP HLDG LTD | $906,597 | 0.54% | 6,185 | Common | SOLE |
| 771049103 | RBLX | ROBLOX CORP | $906,077 | 0.54% | 11,182 | Common | SOLE |
| 87422Q109 | TLN | TALEN ENERGY CORP | $901,865 | 0.54% | 2,406 | Common | SOLE |
| 13321L108 | CCJ | CAMECO CORP | $898,066 | 0.53% | 9,816 | Common | SOLE |
| 172573107 | CRCL | CIRCLE INTERNET GROUP INC | $888,398 | 0.53% | 11,203 | Common | SOLE |
| 767292105 | RIOT | RIOT PLATFORMS INC | $872,076 | 0.52% | 68,830 | Common | SOLE |
| 007903107 | AMD | ADVANCED MICRO DEVICES INC | $825,801 | 0.49% | 3,856 | Common | SOLE |
| 53681J103 | LAC | LITHIUM AMERS CORP NEW | $820,116 | 0.49% | 188,100 | Common | SOLE |
| 35671D857 | FCX | FREEPORT-MCMORAN INC | $789,480 | 0.47% | 15,544 | Common | SOLE |
| 46120E602 | ISRG | INTUITIVE SURGICAL INC | $782,710 | 0.46% | 1,382 | Common | SOLE |
| 81762P102 | NOW | SERVICENOW INC | $771,465 | 0.46% | 5,036 | Common | SOLE |
| 26603R106 | DUOL | DUOLINGO INC | $762,548 | 0.45% | 4,345 | Common | SOLE |
| 00246W103 | AXTI | AXT INC | $728,278 | 0.43% | 44,543 | Common | SOLE |
| 79466L302 | CRM | SALESFORCE INC | $522,403 | 0.31% | 1,972 | 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.