FirstWave Capital Management LLC
13F Reported Value
ⓘ$94.1M
incl. option notional
Equity Holdings
ⓘ$93.7M
Option Notional
ⓘ$362,000
$0 puts / $362,000 calls
Holdings
27
Latest Filing
2026-03-31
Filing Quarter
Q1 2026
Portfolio Overview
FirstWave Capital Management LLC disclosed 27 positions worth $94.1M in its Form 13F-HR for Q1 2026 — $93.7M in common stock plus $362,000 of put/call option positions (reported at underlying notional value, not premium at risk), led by $TMDX (TransMedics Group, Inc.) at 13.2% of the equity portfolio, followed by $NBIS and $APP. During the quarter the fund opened 6 new positions and exited 52 — including a new stake in $AAOI and a full exit from $FOUR. The portfolio is most concentrated in Technology (40.6% of disclosed assets). All figures are sourced directly from FirstWave Capital Management LLC’s Form 13F-HR filing with the SEC under CIK 2093108.
Sector Allocation
AUM History
Top Equity Holdings by Value
Option Positions
13F rules report options at the value of the underlying shares (notional) — not the premium paid or capital at risk. Shown separately from the equity sleeve above.
Quarterly Activity — Q1 2026
Click any card to unlockTop Holdings
- 70.1#328
Quality
$12.4M124,268 sh - —
Quality
$9.3M89,399 sh - 86.8#6
Quality
$7.9M19,873 sh - 79.3
Quality
$7.3M54,033 sh - 50.9
Quality
$5.4M260,247 sh - 56.4
Quality
$5.3M280,435 sh - 41.6
Quality
$5.1M143,923 sh - $4.6M48,662 sh
- 77.5
Quality
$4.5M2,627 sh - —
Quality
$4.2M289,752 sh
| Company | Quality | Value | Shares |
|---|---|---|---|
 TransMedics Group, Inc.$TMDX | 70.1#328 | $12.4M | 124,268 |
 Nebius Group N.V.$NBIS | — | $9.3M | 89,399 |
 AppLovin Corp$APP | 86.8#6 | $7.9M | 19,873 |
 Reddit, Inc.$RDDT | 79.3 | $7.3M | 54,033 |
 Hims & Hers Health, Inc.$HIMS | 50.9 | $5.4M | 260,247 |
 Coupang, Inc.$CPNG | 56.4 | $5.3M | 280,435 |
 HARROW, INC.$HROW | 41.6 | $5.1M | 143,923 |
 Credo Technology Group Holding Ltd$CRDO | — | $4.6M | 48,662 |
 MERCADOLIBRE INC$MELI | 77.5 | $4.5M | 2,627 |
 Nu Holdings Ltd.$NU | — | $4.2M | 289,752 |
Unlock AI quality scores for every holding
32-signal composite ranking on each of FirstWave Capital Management LLC's 27 positions.
Showing top 10 of 27 holdings.
Sector Allocation
Technology
$38.0M
Healthcare
$25.7M
Consumer Discretionary
$11.8M
Financials
$11.5M
Industrials
$3.1M
Materials
$2.4M
Consumer Staples
$1.2M
Full Holdings — FirstWave Capital Management LLC (Q1 2026)
All 27 disclosed positions from the latest Form 13F-HR, with quarter-over-quarter share changes and 13F Pro quality scores. Sourced from SEC EDGAR.
| # | Ticker | Company | Value | Weight | QoQ | Quality |
|---|---|---|---|---|---|---|
| 1 | $TMDX | TransMedics Group, Inc. | $12.4M | 13.2% | +67% | 70.1 |
| 2 | $NBIS | Nebius Group N.V. | $9.3M | 9.9% | +4% | — |
| 3 | $APP | AppLovin Corp | $7.9M | 8.4% | +139% | 86.8 |
| 4 | $RDDT | Reddit, Inc. | $7.3M | 7.8% | +113% | 79.3 |
| 5 | $HIMS | Hims & Hers Health, Inc. | $5.4M | 5.8% | +39% | 50.9 |
| 6 | $CPNG | Coupang, Inc. | $5.3M | 5.7% | -2% | 56.4 |
| 7 | $HROW | HARROW, INC. | $5.1M | 5.4% | +53% | 41.6 |
| 8 | $CRDO | Credo Technology Group Holding Ltd | $4.6M | 4.9% | +42% | — |
| 9 | $MELI | MERCADOLIBRE INC | $4.5M | 4.8% | +114% | 77.5 |
| 10 | $NU | Nu Holdings Ltd. | $4.2M | 4.4% | +83% | — |
| 11 |  $IREN | IREN Ltd | $4.1M | 4.3% | -26% | — |
| 12 |  $SE | Sea Ltd | $3.1M | 3.3% | -5% | — |
| 13 |  $ALAB | Astera Labs, Inc. | $3.0M | 3.2% | -9% | 77.7 |
| 14 |  $MP | MP Materials Corp. / DE | $2.4M | 2.6% | -15% | 23.5 |
| 15 |  $PRCT | PROCEPT BioRobotics Corp | $2.0M | 2.1% | -33% | 34.8 |
| 16 |  $ONON | On Holding AG | $2.0M | 2.1% | -39% | — |
| 17 |  $AAOI | APPLIED OPTOELECTRONICS, INC. | $1.6M | 1.8% | NEW | 40.6 |
| 18 |  $HOOD | Robinhood Markets, Inc. | $1.6M | 1.7% | NEW | 75.8 |
| 19 |  $ONDS | Ondas Inc. | $1.4M | 1.5% | -26% | 31.8 |
| 20 |  $CELH | Celsius Holdings, Inc. | $1.2M | 1.3% | -67% | 63 |
| 21 |  $MU | MICRON TECHNOLOGY INC | $1.0M | 1.1% | NEW | 88.4 |
| 22 |  $LITE | Lumentum Holdings Inc. | $991,594 | 1.1% | -56% | 63.4 |
| 23 |  $SOFI | SoFi Technologies, Inc. | $886,660 | 0.9% | NEW | 53.8 |
| 24 |  $COHR | COHERENT CORP. | $885,665 | 0.9% | NEW | 64 |
| 25 |  $CLPT | ClearPoint Neuro, Inc. | $872,144 | 0.9% | -74% | 28.8 |
| 26 |  $CRCL | Circle Internet Group, Inc. | $770,436 | 0.8% | -28% | 44.8 |
| 27 |  $SPYCALL | SPDR S&P 500 ETF TRUST | $362,000 | — | NEW | — |
New Positions (6)
Exited Positions (52)
$FOUR Shift4 Payments, Inc.
$ZETA Zeta Global Holdings Corp.
$ZS Zscaler, Inc.
$AMBA AMBARELLA INC
$FTAI FTAI Aviation Ltd.
$RKT Rocket Companies, Inc.
$OSCR Oscar Health, Inc.
$TE T1 Energy Inc.
$GLBE Global-E Online Ltd.
$RBRK Rubrik, Inc.
$ROOT Root, Inc.
$GOOG Alphabet Inc.
$ASX ASE Technology Holding Co., Ltd.Browse Top Institutional Investors
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AI-Powered Hedge Fund Analysis: FirstWave Capital Management LLC
13F Pro is an AI hedge fund tracker and stock research platform. For FirstWave Capital Management LLC (SEC CIK: 2093108), the platform ingests every quarterly Form 13F filing and applies AI-powered analysis on top — 10 specialized AI analysts (value, growth, momentum, macro, activist, and more) debate the fund's top positions and publish AI-generated analysis with cited SEC sources.
Every holding in FirstWave Capital Management LLC's portfolio is scored on a 32-signal AI quality ranking (ROIC, FCF margin, revenue growth, institutional flow, earnings quality, shareholder dilution, and more). Track accumulation and distribution quarter over quarter, identify conviction positions, and see AI stock analysis for each position — alongside 8,700+ other institutional filers and 2,800+ AI-ranked companies.