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Square Wave Capital, LLC

Q4 2025 · Filed 2026-02-17
Market Value
$430M
+57.4%
Holdings
10
+2
New Purchases
2
Added To
6
Closed
1
Reduced
1
Top 10 Concentration
100.0%
Turnover
30.0%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
AMZN 10.02% 0.00% +10.02% $43M
GOOGL 8.72% 0.00% +8.72% $37M
FICO 16.47% 15.50% +0.97% $71M
MAR 15.80% 14.97% +0.83% $68M
MCO 13.74% 13.68% +0.05% $59M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
IT 0.00% 5.60% -5.60% $0
EFX 8.32% 13.79% -5.47% $36M
VEEV 13.10% 17.64% -4.54% $56M
TW 13.14% 16.97% -3.83% $57M
AXON 0.70% 1.86% -1.15% $3M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 2 $81M 18.7%
Large Cap 8 $350M 81.3%

Portfolio Analytics

Avg Market Cap
$781.2B
Median Market Cap
$29.9B
Avg P/E
41.7
Median P/E
30.2
Avg Dividend Yield
0.00%
Avg Beta
1.17
# Stocks
10
# ETFs / Funds
0

Top Holdings (10 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 FICO 16.47% 41,900 $71M $1,690.62 $28M +13,600 +48.1%
2 MAR 15.80% 219,100 $68M $310.24 $27M +62,000 +39.5%
3 MCO 13.74% 115,700 $59M $510.85 $22M +37,212 +47.4%
4 TW 13.14% 525,600 $57M $107.54 $10M +107,737 +25.8%
5 VEEV 13.10% 252,500 $56M $223.23 $8M +90,669 +56.0%
6 AMZN 10.02% 186,700 $43M $230.82 +186,700 NEW
7 GOOGL 8.72% 119,800 $37M $313.00 +119,800 NEW
8 EFX 8.32% 165,020 $36M $216.98 -$2M +18,123 +12.3%
9 AXON 0.70% 5,317 $3M $567.93 -$2M -1,748 -24.7%
10 IT —% -$15M -58,198 -100.0% SOLD

New Positions

SymbolValue% Port
AMZN $43M 10.02%
GOOGL $37M 8.72%

Sold Out Positions

SymbolValue% Port
IT —%
View SEC EDGAR Filings for Square Wave Capital, LLC →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms