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FCM

FirstWave Capital Management Portfolio holdings

AUM $227M
This Fund
S&P 500
This Quarter Est. Return
-15.84%
1 Year Est. Return
–
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$94.1M
AUM Growth
-$74.3M
Cap. Flow
+$220M
Cap. Flow %
233.64%
Top 10 Hldgs %
70%
Holding
79
New
6
Increased
9
Reduced
12
Closed
52

Top Buys

Rank Stock Value
1
TMDX icon
Transmedics
TMDX
+$6.48M
2
APP icon
Applovin
APP
+$5.58M
3
RDDT icon
Reddit
RDDT
+$4.87M
4
MELI icon
Mercado Libre
MELI
+$2.7M
5
HROW icon
Harrow
HROW
+$2.2M

Top Sells

Rank Stock Value
1
FOUR icon
Shift4
FOUR
+$5.22M
2
UVIX icon
2x Long VIX Futures ETF
UVIX
+$5.03M
3
CLPT icon
ClearPoint Neuro
CLPT
+$3.38M
4
CELH icon
Celsius Holdings
CELH
+$3.21M
5
ZETA icon
Zeta Global
ZETA
+$3.08M

Sector Composition

Rank Sector Weight
1 Healthcare 27.33%
2 Communication Services 26%
3 Consumer Discretionary 15.9%
4 Technology 14.42%
5 Financials 12.17%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
TMDX icon
1
Transmedics
TMDX
$3.21B
$12.4M 13.13%
124,268
+49,706
+67% +$6.48M
NBIS
2
Nebius Group N.V.
NBIS
$59.8B
$9.28M 9.86%
89,399
+3,537
+4% +$353K
APP icon
3
Applovin
APP
$104B
$7.91M 8.41%
19,873
+11,541
+139% +$5.58M
RDDT icon
4
Reddit
RDDT
$30.9B
$7.28M 7.73%
54,033
+28,641
+113% +$4.87M
HIMS icon
5
Hims & Hers Health
HIMS
$7.27B
$5.4M 5.74%
260,247
+72,590
+39% +$1.71M
CPNG icon
6
Coupang
CPNG
$30B
$5.29M 5.63%
280,435
-5,078
-2% -$99.4K
HROW icon
7
Harrow
HROW
$1.52B
$5.07M 5.39%
143,923
+49,970
+53% +$2.2M
CRDO icon
8
Credo Technology Group
CRDO
$41.8B
$4.57M 4.86%
48,662
+14,284
+42% +$1.74M
MELI icon
9
Mercado Libre
MELI
$101B
$4.54M 4.83%
2,627
+1,400
+114% +$2.7M
NU icon
10
Nu Holdings
NU
$74.4B
$4.16M 4.43%
289,752
+131,216
+83% +$2.13M
IREN icon
11
Iris Energy
IREN
$14.6B
$4.07M 4.32%
118,614
-42,270
-26% -$1.91M
SE icon
12
Sea Limited
SE
$74.2B
$3.13M 3.32%
37,751
-1,835
-5% -$197K
ALAB icon
13
Astera Labs
ALAB
$49.6B
$2.99M 3.18%
27,290
-2,679
-9% -$382K
MP icon
14
MP Materials
MP
$10.9B
$2.4M 2.55%
49,653
-8,723
-15% -$522K
PRCT icon
15
Procept Biorobotics
PRCT
$1.21B
$2.01M 2.14%
80,339
-39,184
-33% -$1.1M
ONON icon
16
On Holding
ONON
$9.7B
$2M 2.12%
58,726
-37,048
-39% -$1.62M
AAOI icon
17
Applied Optoelectronics
AAOI
$9.62B
$1.65M 1.75%
+19,454
New +$1.24M
HOOD icon
18
Robinhood
HOOD
$99.1B
$1.56M 1.66%
+22,572
New +$1.98M
ONDS icon
19
Ondas Inc
ONDS
$4.68B
$1.44M 1.53%
159,094
-55,005
-26% -$598K
CELH icon
20
Celsius Holdings
CELH
$8.84B
$1.17M 1.24%
32,934
-67,645
-67% -$3.21M
MU icon
21
Micron Technology
MU
$1.06T
$1.05M 1.11%
+3,103
New +$1.22M
LITE icon
22
Lumentum
LITE
$81.3B
$992K 1.05%
1,411
-1,823
-56% -$1M
SOFI icon
23
SoFi Technologies
SOFI
$24.9B
$887K 0.94%
+55,835
New +$1.18M
COHR icon
24
Coherent
COHR
$56.5B
$886K 0.94%
+3,718
New +$851K
CLPT icon
25
ClearPoint Neuro
CLPT
$502M
$872K 0.93%
95,840
-267,569
-74% -$3.38M
1
2 3 4

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FirstWave Capital Management's Q1 2026 Portfolio in Review

As of Q1 2026, FirstWave Capital Management held 79 positions worth $94.1M, down 44% from $168M the previous quarter. Its ten largest holdings account for 70% of the portfolio.

FirstWave Capital Management deployed $220M of net new capital in Q1 2026, opening 6 new positions and adding to 9 existing holdings. Its largest new stake was Robinhood: 22,572 shares worth $1.56M.

By sector, the portfolio is most concentrated in Healthcare at 27% of assets, up from 20% a quarter earlier, followed by Communication Services and Consumer Discretionary.

On the sell side, the largest reduction was ClearPoint Neuro, an estimated $3.38M trimmed.

  • FirstWave Capital Management's largest Q1 2026 buy was Robinhood: 22,572 shares worth $1.56M.
  • FirstWave Capital Management added most to Transmedics in Q1 2026, an estimated $6.48M increase.
  • FirstWave Capital Management's biggest Q1 2026 reduction was ClearPoint Neuro, cutting an estimated $3.38M.
  • FirstWave Capital Management fully exited Shift4 in Q1 2026, selling an estimated $5.22M.
  • FirstWave Capital Management's ten largest holdings make up 70% of its $94.1M portfolio in Q1 2026.
  • FirstWave Capital Management opened 6 new positions and closed 52 in Q1 2026.
  • FirstWave Capital Management's portfolio value fell 44% quarter-over-quarter to $94.1M.

Based on FirstWave Capital Management's 13F filing for Q1 2026, filed 12 May 2026.