FirstWave Capital Management LLC — 13F Holdings & Portfolio
CIK 2093108 · latest 13F-HR filed 2026-05-12
FirstWave Capital Management LLC manages $94.1M in 13F-reported U.S. long-equity assets across 27 reported positions as of its 2026-03-31 13F-HR filing. Its largest disclosed positions are TMDX (13.13%), NBIS (9.86%), APP (8.41%). Quarter over quarter (versus its 2025-12-31 filing) the fund opened 5 new positions, exited 52, added to 7, and trimmed 14.
AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.
$94.1M
Long-equity book
27
Distinct positions
2026-03-31
Filed 2026-05-12
+5 / −52 / ↑7 / ↓14
vs 2025-12-31
| Name | Title / Status | Ownership | Type |
|---|
Top Adds (vs prior quarter)
- TRANSMEDICS GROUP INC$3.3M +36.2%
- APPLOVIN CORP$2.3M +40.9%
- NEBIUS GROUP N.V.$2.1M +29.1%
- MERCADOLIBRE INC$2.1M +83.8%
- NU HLDGS LTD$1.5M +56.9%
Top Trims
- CLEARPOINT NEURO INC-$4.1M -82.5%
- CELSIUS HLDGS INC-$3.4M -74.6%
- ON HLDG AG-$2.5M -55.1%
- IREN LIMITED-$2.0M -33.1%
- ASTERA LABS INC-$2.0M -40.0%
New Positions
- APPLIED OPTOELECTRONICS INC$1.6M
- ROBINHOOD MKTS INC$1.6M
- MICRON TECHNOLOGY INC$1.0M
- SOFI TECHNOLOGIES INC$886.7K
- COHERENT CORP$885.7K
Exited Positions
- SHIFT4 PMTS INC$5.2M
- VS TRUST$5.0M
- ZETA GLOBAL HOLDINGS CORP$3.1M
- ZSCALER INC$2.6M
- AMBARELLA INC$2.3M
Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).
| # | Issuer | Symbol | CUSIP | Value | Weight | Shares | Type |
|---|---|---|---|---|---|---|---|
| 1 | TRANSMEDICS GROUP INC | TMDX | 89377M109 | $12.4M | 13.13% | 124,268 | SH |
| 2 | NEBIUS GROUP N.V. | NBIS | N97284108 | $9.3M | 9.86% | 89,399 | SH |
| 3 | APPLOVIN CORP | APP | 03831W108 | $7.9M | 8.41% | 19,873 | SH |
| 4 | REDDIT INC | RDDT | 75734B100 | $7.3M | 7.73% | 54,033 | SH |
| 5 | HIMS & HERS HEALTH INC | HIMS | 433000106 | $5.4M | 5.74% | 260,247 | SH |
| 6 | COUPANG INC | CPNG | 22266T109 | $5.3M | 5.63% | 280,435 | SH |
| 7 | HARROW INC | HROW | 415858109 | $5.1M | 5.39% | 143,923 | SH |
| 8 | CREDO TECHNOLOGY GROUP HOLDI | CRDO | G25457105 | $4.6M | 4.86% | 48,662 | SH |
| 9 | MERCADOLIBRE INC | MELI | 58733R102 | $4.5M | 4.83% | 2,627 | SH |
| 10 | NU HLDGS LTD | NU | G6683N103 | $4.2M | 4.43% | 289,752 | SH |
| 11 | IREN LIMITED | IREN | Q4982L109 | $4.1M | 4.32% | 118,614 | SH |
| 12 | SEA LTD | SE | 81141R100 | $3.1M | 3.32% | 37,751 | SH |
| 13 | ASTERA LABS INC | ALAB | 04626A103 | $3.0M | 3.18% | 27,290 | SH |
| 14 | MP MATERIALS CORP | MP | 553368101 | $2.4M | 2.55% | 49,653 | SH |
| 15 | PROCEPT BIOROBOTICS CORP | PRCT | 74276L105 | $2.0M | 2.14% | 80,339 | SH |
| 16 | ON HLDG AG | ONON | H5919C104 | $2.0M | 2.12% | 58,726 | SH |
| 17 | APPLIED OPTOELECTRONICS INC | AAOI | 03823U102 | $1.6M | 1.75% | 19,454 | SH |
| 18 | ROBINHOOD MKTS INC | HOOD | 770700102 | $1.6M | 1.66% | 22,572 | SH |
| 19 | ONDAS INC | ONDS | 68236H204 | $1.4M | 1.53% | 159,094 | SH |
| 20 | CELSIUS HLDGS INC | CELH | 15118V207 | $1.2M | 1.24% | 32,934 | SH |
| 21 | MICRON TECHNOLOGY INC | MU | 595112103 | $1.0M | 1.11% | 3,103 | SH |
| 22 | LUMENTUM HLDGS INC | LITE | 55024U109 | $991.6K | 1.05% | 1,411 | SH |
| 23 | SOFI TECHNOLOGIES INC | SOFI | 83406F102 | $886.7K | 0.94% | 55,835 | SH |
| 24 | COHERENT CORP | COHR | 19247G107 | $885.7K | 0.94% | 3,718 | SH |
| 25 | CLEARPOINT NEURO INC | CLPT | 18507C103 | $872.1K | 0.93% | 95,840 | SH |
| 26 | CIRCLE INTERNET GROUP INC | CRCL | 172573107 | $770.4K | 0.82% | 8,075 | SH |
| 27 | STATE STR SPDR S&P 500 ETF T Call | SPY | 78462F103 | $362.0K | 0.38% | 400,000 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-03-31 | 2026-05-12 | $94.1M | 27 | 0002093108-26-000004 |
| 2025-12-31 | 2026-02-13 | $168.3M | 73 | 0002093108-26-000002 |