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SWC
Square Wave Capital Portfolio holdings
AUM
$670M
1-Year Est. Return
73.33%
This Fund
S&P 500
This Quarter
Est. Return
+71.09%
1 Year Est. Return
+73.33%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$670M
AUM Growth
+$257M
(+62%)
Cap. Flow
+$106M
Cap. Flow
% of AUM
15.85%
Top 10 Holdings %
Top 10 Hldgs %
98.17%
Holding
14
New
2
Increased
7
Reduced
2
Closed
3
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Micron Technology
MU
|
+$47.5M |
| 2 |
Carpenter Technology
CRS
|
+$36.6M |
| 3 |
Amazon
AMZN
|
+$23.9M |
| 4 |
Intel
INTC
|
+$23.1M |
| 5 |
FTAI Aviation
FTAI
|
+$22.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Moody's
MCO
|
+$37.7M |
| 2 |
Tradeweb Markets
TW
|
+$23.3M |
| 3 |
MasTec
MTZ
|
+$11.9M |
| 4 |
Fair Isaac
FICO
|
+$7.58M |
| 5 |
Veeva Systems
VEEV
|
+$4.43M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 34.37% |
| 2 | Industrials | 29.98% |
| 3 | Consumer Discretionary | 25.6% |
| 4 | Communication Services | 5.88% |
| 5 | Financials | 4.17% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Micron Technology
MU
$1.14T
| $103M | 15.43% |
89,600
+63,300
| +241% | +$47.5M |
|
2
ASML
ASML
$679B
| $95.1M | 14.19% |
47,800
+9,100
| +24% | +$14.5M |
|
3
ATI
ATI
$28.3B
| $87.7M | 13.08% |
444,800
+78,400
| +21% | +$13.3M |
|
4
Marriott International
MAR
$85.9B
| $86.1M | 12.84% |
232,300
+18,060
| +8% | +$6.66M |
|
|
5
Amazon
AMZN
$2.77T
| $85.5M | 12.76% |
358,800
+95,400
| +36% | +$23.9M |
|
|
6
Carpenter Technology
CRS
$22.8B
| $76.4M | 11.39% |
123,800
+77,800
| +169% | +$36.6M |
|
7
Alphabet (Google) Class A
GOOGL
$4.14T
| $39.4M | 5.88% |
110,300
+7,500
| +7% | +$2.7M |
|
|
8
Intel
INTC
$555B
| $31.8M | 4.75% |
+228,100
| New | +$23.1M |
|
|
9
Tradeweb Markets
TW
$21.8B
| $27.9M | 4.17% |
280,200
-214,615
| -43% | -$23.3M |
|
|
10
FTAI Aviation
FTAI
$20.3B
| $24.7M | 3.68% |
+91,200
| New | +$22.9M |
|
|
11
MasTec
MTZ
$19.9B
| $12.3M | 1.83% |
29,500
-31,100
| -51% | -$11.9M |
|
|
12
Fair Isaac
FICO
$20.2B
| – | – |
-7,100
| Closed | -$7.58M |
|
|
13
Moody's
MCO
$83.5B
| – | – |
-86,500
| Closed | -$37.7M |
|
|
14
Veeva Systems
VEEV
$43.1B
| – | – |
-25,200
| Closed | -$4.43M |
|
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Square Wave Capital's Q2 2026 Portfolio in Review
As of Q2 2026, Square Wave Capital held 14 positions worth $670M, up 62% from $413M the previous quarter. Its ten largest holdings account for 98% of the portfolio.
Square Wave Capital deployed $106M of net new capital in Q2 2026, opening 2 new positions and adding to 7 existing holdings. Its largest new stake was Intel: 228,100 shares worth $31.8M.
By sector, the portfolio is most concentrated in Technology at 34% of assets, up from 16% a quarter earlier, followed by Industrials and Consumer Discretionary.
On the sell side, the largest reduction was Tradeweb Markets, an estimated $23.3M trimmed.
- Square Wave Capital's largest Q2 2026 buy was Intel: 228,100 shares worth $31.8M.
- Square Wave Capital added most to Micron Technology in Q2 2026, an estimated $47.5M increase.
- Square Wave Capital's biggest Q2 2026 reduction was Tradeweb Markets, cutting an estimated $23.3M.
- Square Wave Capital fully exited Moody's in Q2 2026, selling an estimated $37.7M.
- Square Wave Capital's ten largest holdings make up 98% of its $670M portfolio in Q2 2026.
- Square Wave Capital opened 2 new positions and closed 3 in Q2 2026.
- Square Wave Capital's portfolio value rose 62% quarter-over-quarter to $670M.
Based on Square Wave Capital's 13F filing for Q2 2026, filed 14 Aug 2026.