Q2 2026 13F · SEC CIK 2093108

FirstWave Capital Management LLC

Hedge fundFiled 2026-08-12 for Q2 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $226.4M
Reported positions: 62
Holdings vs S&P 500, 3 yrs: —
Average holding period: 3 qtrs

FirstWave Capital Management LLC is a hedge fund that reported 62 positions worth $226.4M in its Q2 2026 13F, filed 2026-08-12. Its largest holdings were Reddit Inc (RDDT, 5.9%), Applovin Corp (APP, 5.8%), Transmedics Group Inc (TMDX, 5.6%).

FirstWave Capital Management LLC holdings largest 50 of 62 positions.

Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.

FirstWave Capital Management LLC 13F holdings
Stock	% of 13F value	Q1 2026	Shares	Share change	Reported value
RDDTReddit Inc	5.9%	7.8%	77,389	+43.2%	$13.4M
APPApplovin Corp	5.8%	8.4%	25,426	+27.9%	$13.1M
TMDXTransmedics Group Inc	5.6%	13.2%	191,240	+53.9%	$12.7M
NBISNebius Group N.v.	5.4%	9.9%	44,645	-50.1%	$12.3M
HIMSHims & Hers Health Inc	5.2%	5.8%	339,978	+30.6%	$11.8M
CRDOCredo Technology Group Holdi	4.9%	4.9%	40,819	-16.1%	$11.1M
HROWHarrow Inc	4.0%	5.4%	211,981	+47.3%	$9.0M
AAOIApplied Optoelectronics Inc	3.8%	1.8%	58,277	+199.6%	$8.6M
MELIMercadolibre Inc	3.3%	4.8%	4,448	+69.3%	$7.5M
NUNu Hldgs Ltd	3.1%	4.4%	518,327	+78.9%	$6.9M
IRENIren Limited	2.5%	4.3%	123,456	+4.1%	$5.6M
MUMicron Technology Inc	2.4%	1.1%	4,612	+48.6%	$5.3M
ALABAstera Labs Inc	2.3%	3.2%	10,953	-59.9%	$5.3M
FPSForgent Power Solutions Inc	1.9%	New	77,617	—	$4.3M
SESea Ltd	1.9%	3.3%	45,120	+19.5%	$4.3M
DRAMRoundhill ETF Trust	1.6%	New	49,852	—	$3.7M
SHAZSharonai Holdings Inc	1.6%	New	41,694	—	$3.5M
MPMp Materials Corp	1.5%	2.6%	61,473	+23.8%	$3.4M
BRUNBoost Run Inc	1.5%	New	88,631	—	$3.4M
ZETAZeta Global Holdings Corp	1.5%	New	168,692	—	$3.3M
PRCTProcept Biorobotics Corp	1.4%	2.1%	144,408	+79.7%	$3.3M
OUSTOuster Inc	1.3%	New	46,043	—	$2.9M
NVDANvidia Corporation	1.2%	New	13,965	—	$2.8M
ONDSOndas Inc	1.2%	1.5%	330,115	+107.5%	$2.7M
RBRKRubrik Inc.	1.2%	New	33,807	—	$2.7M
AXONAxon Enterprise Inc	1.1%	New	4,528	—	$2.5M
BEBloom Energy Corp	1.1%	New	8,340	—	$2.5M
CIFRCipher Digital Inc	1.1%	New	98,381	—	$2.4M
LITELumentum Hldgs Inc	1.0%	1.1%	2,737	+94.0%	$2.3M
CRWVCoreweave Inc	1.0%	New	23,373	—	$2.3M
PLPlanet Labs Pbc	1.0%	New	65,849	—	$2.2M
MDBMongodb Inc	0.9%	New	6,347	—	$2.1M
COHRCoherent Corp	0.9%	0.9%	5,304	+42.7%	$2.1M
DDOGDatadog Inc	0.9%	New	7,985	—	$2.1M
CLPTClearpoint Neuro Inc	0.9%	0.9%	115,600	+20.6%	$2.1M
AMDAdvanced Micro Devices Inc	0.9%	New	3,481	—	$2.0M
ASTSAST SpaceMobile Inc	0.9%	New	21,895	—	$1.9M
ZSZscaler Inc	0.8%	New	13,351	—	$1.9M
RKLBRocket Lab Corp	0.8%	New	18,492	—	$1.9M
GLWCorning Inc	0.8%	New	7,133	—	$1.8M
MGMMgm Resorts International	0.8%	New	38,002	—	$1.8M
INTCIntel Corp	0.8%	New	12,950	—	$1.8M
FLNCFluence Energy Inc	0.8%	New	88,375	—	$1.8M
DXYZDestiny Tech100 Inc	0.8%	New	67,104	—	$1.7M
LPTHLightpath Technologies Inc	0.8%	New	103,995	—	$1.7M
NUAINew Era Energy & Digital Inc	0.7%	New	252,068	—	$1.6M
LENLennar Corp	0.7%	New	16,368	—	$1.5M
KEELKeel Infrastructure Corp	0.7%	New	257,503	—	$1.5M
QCOMQualcomm Inc	0.6%	New	7,900	—	$1.5M
IBMInternational Business Machs	0.6%	New	5,162	—	$1.5M

What FirstWave Capital Management LLC bought and sold in Q2 2026, against Q1 2026.

Left the top 50

Share counts compared with the Q1 2026 13F; a split also changes share counts. The latest filing lists more than 50 positions, so a position that left the top 50 may still be held.

How the holdings did against the S&P 500.

1 year: —
3 years: —
5 years: —

A portfolio of the filer's 20 largest 13F positions, weighted by value, bought the trading day after each 13F was filed and held until the next one was: what copying this filer could have earned. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.

Reported 13F value by quarter.

13F value by quarter
Quarter	13F value	Positions
Q2 2026	$226.4M	62
Q1 2026	$93.7M	26
Q4 2025	$168.3M	73

Questions about FirstWave Capital Management LLC's portfolio

What stocks does FirstWave Capital Management LLC own?

FirstWave Capital Management LLC's latest 13F, for Q2 2026 and filed Aug 12, 2026, lists 62 positions worth $226.4M. The largest are Reddit Inc (RDDT) at 5.9%, Applovin Corp (APP) at 5.8%, Transmedics Group Inc (TMDX) at 5.6%, Nebius Group N.v. (NBIS) at 5.4% and Hims & Hers Health Inc (HIMS) at 5.2%.

What did FirstWave Capital Management LLC buy last quarter?

In Q2 2026, FirstWave Capital Management LLC added a new position in Forgent Power Solutions Inc (FPS), a new position in Roundhill ETF Trust (DRAM), a new position in Sharonai Holdings Inc (SHAZ), a new position in Boost Run Inc (BRUN), a new position in Zeta Global Holdings Corp (ZETA), Applied Optoelectronics Inc (AAOI) (+199.6% shares), Ondas Inc (ONDS) (+107.5% shares) and Lumentum Hldgs Inc (LITE) (+94.0% shares), compared with its Q1 2026 filing.

What did FirstWave Capital Management LLC sell last quarter?

In Q2 2026, FirstWave Capital Management LLC cut from its top 50 Coupang Inc (CPNG), cut from its top 50 On Hldg AG (ONON), cut from its top 50 Robinhood Mkts Inc (HOOD), cut from its top 50 Celsius Holding Inc. (CELH), cut from its top 50 Sofi Technologies Inc (SOFI), Astera Labs Inc (ALAB) (-59.9% shares), Nebius Group N.v. (NBIS) (-50.1% shares) and Credo Technology Group Holdi (CRDO) (-16.1% shares), compared with its Q1 2026 filing.

When is FirstWave Capital Management LLC's next 13F filing due?

13F filings are due 45 days after each quarter ends. FirstWave Capital Management LLC's filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.