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FCM
FirstWave Capital Management Portfolio holdings
AUM
$227M
This Fund
S&P 500
This Quarter
Est. Return
-5.04%
1 Year Est. Return
–
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$168M
AUM Growth
–
Cap. Flow
+$185M
Cap. Flow
% of AUM
109.76%
Top 10 Holdings %
Top 10 Hldgs %
36.78%
Holding
73
New
73
Increased
–
Reduced
–
Closed
–
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Transmedics
TMDX
|
+$9.36M |
| 2 |
NBIS
Nebius Group N.V.
NBIS
|
+$8.9M |
| 3 |
Iris Energy
IREN
|
+$8.3M |
| 4 |
Coupang
CPNG
|
+$8.12M |
| 5 |
2x Long VIX Futures ETF
UVIX
|
+$8.07M |
Top Sells
No sells this quarter
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 27.23% |
| 2 | Healthcare | 19.94% |
| 3 | Consumer Discretionary | 13.28% |
| 4 | Communication Services | 12.97% |
| 5 | Financials | 9.11% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Transmedics
TMDX
$3.21B
| $9.07M | 5.39% |
+74,562
| New | +$9.36M |
|
|
NBIS
2
Nebius Group N.V.
NBIS
$58.3B
| $7.19M | 4.27% |
+85,862
| New | +$8.9M |
|
|
3
Coupang
CPNG
$29.9B
| $6.74M | 4% |
+285,513
| New | +$8.12M |
|
4
Hims & Hers Health
HIMS
$6.92B
| $6.09M | 3.62% |
+187,657
| New | +$8.04M |
|
|
5
Iris Energy
IREN
$14.2B
| $6.08M | 3.61% |
+160,884
| New | +$8.3M |
|
6
Reddit
RDDT
$30B
| $5.84M | 3.47% |
+25,392
| New | +$5.34M |
|
7
Applovin
APP
$104B
| $5.61M | 3.34% |
+8,332
| New | +$5.25M |
|
8
Shift4
FOUR
$3.74B
| $5.22M | 3.1% |
+82,871
| New | +$5.85M |
|
9
Sea Limited
SE
$73.1B
| $5.05M | 3% |
+39,586
| New | +$5.86M |
|
|
10
2x Long VIX Futures ETF
UVIX
$219M
| $5.03M | 2.99% |
+44,056
| New | +$8.07M |
|
11
Astera Labs
ALAB
$49.7B
| $4.99M | 2.96% |
+29,969
| New | +$5.01M |
|
12
ClearPoint Neuro
CLPT
$501M
| $4.97M | 2.95% |
+363,409
| New | +$6.74M |
|
13
Credo Technology Group
CRDO
$41.7B
| $4.95M | 2.94% |
+34,378
| New | +$5.29M |
|
14
Harrow
HROW
$1.47B
| $4.6M | 2.73% |
+93,953
| New | +$3.94M |
|
15
Celsius Holdings
CELH
$8.84B
| $4.6M | 2.73% |
+100,579
| New | +$5.07M |
|
16
On Holding
ONON
$9.79B
| $4.45M | 2.64% |
+95,774
| New | +$4.13M |
|
17
Procept Biorobotics
PRCT
$1.21B
| $3.76M | 2.23% |
+119,523
| New | +$3.96M |
|
18
Zeta Global
ZETA
$7.14B
| $3.08M | 1.83% |
+151,235
| New | +$2.83M |
|
19
MP Materials
MP
$10.4B
| $2.95M | 1.75% |
+58,376
| New | +$3.7M |
|
20
Nu Holdings
NU
$73.6B
| $2.65M | 1.58% |
+158,536
| New | +$2.55M |
|
21
Zscaler
ZS
$27.3B
| $2.6M | 1.55% |
+11,563
| New | +$3.26M |
|
22
Mercado Libre
MELI
$99.3B
| $2.47M | 1.47% |
+1,227
| New | +$2.58M |
|
23
Ambarella
AMBA
$3.07B
| $2.34M | 1.39% |
+33,075
| New | +$2.67M |
|
24
FTAI Aviation
FTAI
$20.7B
| $2.24M | 1.33% |
+11,394
| New | +$1.94M |
|
25
Rocket Companies
RKT
$39.5B
| $2.22M | 1.32% |
+114,798
| New | +$2.05M |
|
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FirstWave Capital Management's Q4 2025 Portfolio in Review
Q4 2025 is the first quarter with a 13F filing on record for FirstWave Capital Management, which disclosed 73 positions worth $168M. Its ten largest holdings account for 37% of the portfolio.
Its largest position is Transmedics: 74,562 shares worth $9.07M.
By sector, the portfolio is most concentrated in Technology at 27% of assets, followed by Healthcare and Consumer Discretionary.
- FirstWave Capital Management's largest Q4 2025 buy was Transmedics: 74,562 shares worth $9.07M.
- FirstWave Capital Management's ten largest holdings make up 37% of its $168M portfolio in Q4 2025.
- FirstWave Capital Management disclosed 73 positions in Q4 2025, its first 13F filing on record.
Based on FirstWave Capital Management's 13F filing for Q4 2025, filed 13 Feb 2026.