Institutional
Square Wave Capital, LLC
CIK 0002077145
$413.4M
Reported AUM
12
Positions
Q1 2026
Period
2026-05-15
Filed
The Brief · Square Wave Capital, LLC · Q1 2026
AI · grounded in 13F
Square Wave Capital, LLC established a new position in ATI INC valued at $53.3M. The fund also opened new stakes in ASML HLDG NV for $51.1M and MASTEC INC for $19.5M. On the sell side, the fund closed its position in EFX for $35.8M and trimmed its holding in FICO by 83.05%.
Portfolio · Q1 2026
Top holdings
QoQ vs Q4 2025
| # | Stock | Issuer | Price | Day % | 1Y Gr. | 5Y Gr. | Value | % of book | Δ shares (QoQ) | Status |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | MAR | MARRIOTT INTL INC NEW | $392.51 | 1.87% | 49.07% | 179.89% | $70.1M | 16.95% | −4,860 | −2.2% |
| 2 | TW | TRADEWEB MKTS INC | $100.61 | -1.87% | -26.39% | 20.69% | $58.2M | 14.08% | −30,785 | −5.9% |
| 3 | AMZN | AMAZON COM INC | $246.03 | -3.06% | 15.20% | 47.87% | $54.9M | 13.27% | +76,700 | +41.1% |
| 4 | ATI | ATI INC | $179.24 | 0.99% | 111.27% | 764.44% | $53.3M | 12.89% | +366,400 | NEW |
| 5 | ASML | ASML HLDG NV | $1641.74 | -6.59% | 119.73% | 124.14% | $51.1M | 12.37% | +38,700 | NEW |
| 6 | MCO | MOODYS CORP | $451.35 | 0.49% | -6.92% | 25.21% | $37.7M | 9.13% | −29,200 | −25.2% |
| 7 | GOOGL | ALPHABET INC | $368.53 | -0.98% | 112.92% | 175.80% | $29.6M | 7.15% | −17,000 | −14.2% |
| 8 | MTZ | MASTEC INC | $363.89 | -2.89% | 122.29% | 259.47% | $19.5M | 4.72% | +60,600 | NEW |
| 9 | CRS | CARPENTER TECHNOLOGY CORP | $483.60 | -1.83% | 94.94% | 1250.10% | $18.1M | 4.39% | +46,000 | NEW |
| 10 | MU | MICRON TECHNOLOGY INC | $864.01 | -13.25% | 697.79% | 1041.92% | $8.9M | 2.15% | +26,300 | NEW |
| 11 | FICO | FAIR ISAAC CORP | $1172.53 | 3.09% | -35.93% | 117.08% | $7.6M | 1.83% | −34,800 | −83.1% |
| 12 | VEEV | VEEVA SYS INC | $172.61 | -3.35% | -39.51% | -48.12% | $4.4M | 1.07% | −227,300 | −90.0% |
| 13 | EFX | EQUIFAX INC | $172.13 | 0.67% | -35.17% | -31.38% | — | — | −165,020 | EXITED |
| 14 | AXON | AXON ENTERPRISE INC | $486.12 | -5.28% | -38.61% | 161.33% | — | — | −5,317 | EXITED |
Source: SEC EDGAR · accession 0001213900-26-057257. 13F discloses long positions only — shorts, foreign equities, and options are excluded.