Alpha Wave Global Portfolio holdings
Alpha Wave Global, known as Falcon Edge Capital until 2021, is an alternative asset manager with private equity, private credit, and insurance and retirement businesses. It was co-founded by Rick Gerson, its chairman and chief executive, with Navroz Udwadia and Ryan Khoury, and the three are among its principal owners alongside Judan Alternatives, an Abu Dhabi company that is a subsidiary of International Holding Company. Its Moraine funds take long and short positions in special situations such as spin-offs and acquisitions. Its private credit business aims to earn income by originating senior secured loans to companies. Its clients are investment funds, sovereign wealth funds and foreign official institutions.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Carpenter Technology
CRS
|
+$18.6M |
| 2 |
Credit Acceptance
CACC
|
+$14.6M |
| 3 |
Energy Recovery
ERII
|
+$8.37M |
| 4 |
Alight
ALIT
|
+$3.28M |
| 5 |
Denison Mines
DNN
|
+$1.05M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
CoStar Group
CSGP
|
+$16.9M |
| 2 |
Snowflake
SNOW
|
+$8.18M |
| 3 |
State Street SPDR S&P Regional Banking ETF
KRE
|
+$6.01M |
| 4 |
Woodward
WWD
|
+$3.37M |
| 5 |
Kenvue
KVUE
|
+$2.63M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 50.02% |
| 2 | Industrials | 24.66% |
| 3 | Financials | 6.06% |
| 4 | Energy | 5.98% |
| 5 | Consumer Staples | 5.09% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
LENZ Therapeutics
LENZ
$130M
| $62.5M | 20.46% |
3,612,211
| – | – |
2024 Q1
1 quarter
|
|
2
RadNet
RDNT
$6.03B
| $50M | 16.37% |
848,413
-28,837
| -3% | -$1.57M |
2023 Q4
2 quarters
|
|
|
3
Woodward
WWD
$19.5B
| $43.1M | 14.11% |
247,041
-19,781
| -7% | -$3.37M |
2023 Q4
2 quarters
|
|
4
Alto Neuroscience
ANRO
$1.22B
| $39.6M | 12.98% |
3,707,757
| – | – |
2024 Q1
1 quarter
|
|
|
5
Carpenter Technology
CRS
$14.4B
| $21.2M | 6.95% |
+193,559
| New | +$18.6M |
2024 Q2
0 quarters
|
|
|
6
Credit Acceptance
CACC
$5.11B
| $14.8M | 4.84% |
+28,721
| New | +$14.6M |
2024 Q2
0 quarters
|
|
7
NexGen Energy
NXE
$5.3B
| $13M | 4.26% |
1,861,675
-7,960
| -0.4% | -$61K |
2018 Q4
22 quarters
|
|
8
TXNM Energy Inc
TXNM
$6.48B
| $12.6M | 4.13% |
341,037
-69,459
| -17% | -$2.59M |
2022 Q1
9 quarters
|
|
|
9
DELISTED
Kenvue
KVUE
| $12.1M | 3.95% |
663,326
-135,743
| -17% | -$2.63M |
2023 Q3
3 quarters
|
|
|
10
Energy Recovery
ERII
$365M
| $8.07M | 2.64% |
+607,123
| New | +$8.37M |
2024 Q2
0 quarters
|
|
11
PUT
Arbor Realty Trust
ABR
$236M
| $6.33M | 2.07% |
440,800
-90,400
| -17% | -$1.21M |
2024 Q1
1 quarter
|
|
|
12
Denison Mines
DNN
$1.86B
| $5.27M | 1.73% |
2,650,073
+495,126
| +23% | +$1.05M |
2019 Q1
21 quarters
|
|
13
Porch Group
PRCH
$2.4B
| $3.5M | 1.15% |
2,318,173
-495,067
| -18% | -$1.38M |
2020 Q3
15 quarters
|
|
14
Flowers Foods
FLO
$1.17B
| $3.47M | 1.14% |
156,274
| – | – |
2023 Q3
3 quarters
|
|
15
Bloom Energy
BE
$56.6B
| $2.94M | 0.96% |
240,526
| – | – |
2023 Q3
3 quarters
|
|
|
16
Alight
ALIT
$362M
| $2.91M | 0.95% |
+19,692
| New | +$3.28M |
2024 Q2
0 quarters
|
|
17
DELISTED
WM TECHNOLOGY INC A
MAPS
| $1.81M | 0.59% |
1,740,322
-380,142
| -18% | -$418K |
2020 Q4
14 quarters
|
|
18
Payoneer
PAYO
$2.43B
| $1.24M | 0.41% |
223,855
-154,699
| -41% | -$837K |
2021 Q3
11 quarters
|
|
19
Claritev Corp
CTEV
$466M
| $496K | 0.16% |
31,908
| – | – |
2022 Q1
9 quarters
|
|
20
X Financial
XYF
$203M
| $223K | 0.07% |
51,851
-5,768
| -10% | -$23K |
2018 Q3
23 quarters
|
|
21
DELISTED
LAVA Therapeutics
LVTX
| $157K | 0.05% |
87,397
-20,509
| -19% | -$54.2K |
2021 Q1
13 quarters
|
|
|
22
DELISTED
WM TECHNOLOGY INC WTS
MAPSW
| $44K | 0.01% |
830,825
-153,187
| -16% | -$9.9K |
2021 Q1
13 quarters
|
|
23
DELISTED
MariaDB plc Warrants, each whole warrant exercisable for one Ordinary Share at an exercise price of $11.50 per share
MRDB.WS
| $30K | 0.01% |
200,000
| – | – |
2022 Q4
6 quarters
|
|
24
DELISTED
Iris Acquisition Corp Warrant
IRAAW
| $8.47K | ﹤0.01% |
211,275
-38,724
| -15% | -$1.83K |
2021 Q2
12 quarters
|
|
25
DELISTED
Lanvin Group Holdings Warrants
LANV.WS
| $7.06K | ﹤0.01% |
200,000
| – | – |
2022 Q4
6 quarters
|
|
Similar funds
Alpha Wave Global's Q2 2024 Portfolio in Review
As of Q2 2024, Alpha Wave Global held 31 positions worth $305M, down 9.2% from $336M the previous quarter. Its ten largest holdings account for 91% of the portfolio.
Alpha Wave Global's Q2 2024 filing shows 4 new, 1 increased, 13 reduced and 6 closed positions. Its largest new stake was Carpenter Technology: 193,559 shares worth $21.2M. The largest sale was CoStar Group, an estimated $16.9M.
By sector, the portfolio is most concentrated in Healthcare at 50% of assets, down from 54% a quarter earlier, followed by Industrials and Financials.
- Alpha Wave Global's largest Q2 2024 buy was Carpenter Technology: 193,559 shares worth $21.2M.
- Alpha Wave Global added most to Denison Mines in Q2 2024, an estimated $1.05M increase.
- Alpha Wave Global's biggest Q2 2024 reduction was Woodward, cutting an estimated $3.37M.
- Alpha Wave Global fully exited CoStar Group in Q2 2024, selling an estimated $16.9M.
- Alpha Wave Global's ten largest holdings make up 91% of its $305M portfolio in Q2 2024.
- Alpha Wave Global opened 4 new positions and closed 6 in Q2 2024.
- Alpha Wave Global's portfolio value fell 9.2% quarter-over-quarter to $305M.
Based on Alpha Wave Global's 13F filing for Q2 2024, filed 13 Aug 2024.