FirstWave Capital Management LLC

Portfolio Overview

FirstWave Capital Management LLC disclosed 63 positions worth $226.6M in its Form 13F-HR for Q2 2026 — $226.4M in common stock plus $154,063 of put/call option positions (reported at underlying notional value, not premium at risk), led by $RDDT (Reddit, Inc.) at 5.9% of the equity portfolio, followed by $APP and $TMDX. During the quarter the fund opened 42 new positions and exited 6 — including a new stake in $FPS and a full exit from $SPY. The portfolio is most concentrated in Technology (54.0% of disclosed assets). All figures are sourced directly from FirstWave Capital Management LLC’s Form 13F-HR filing with the SEC under CIK 2093108.

• 

  Reddit, Inc.

  $RDDT

  79.8#33

  Quality

  $13.4M77,389 sh
• 

  AppLovin Corp

  $APP

  84.4#9

  Quality

  $13.1M25,426 sh
• 

  TransMedics Group, Inc.

  $TMDX

  67.2#377

  Quality

  $12.7M191,240 sh
• 

  Nebius Group N.V.

  $NBIS

  —

  Quality

  $12.3M44,645 sh
• 

  Hims & Hers Health, Inc.

  $HIMS

  53.4

  Quality

  $11.8M339,978 sh
• 

  Credo Technology Group Holding Ltd

  $CRDO

  55.1

  Quality

  $11.1M40,819 sh
• 

  HARROW, INC.

  $HROW

  40.5

  Quality

  $9.0M211,981 sh
• 

  APPLIED OPTOELECTRONICS, INC.

  $AAOI

  40.1

  Quality

  $8.6M58,277 sh
• 

  MERCADOLIBRE INC

  $MELI

  80.2

  Quality

  $7.5M4,448 sh
• 

  Nu Holdings Ltd.

  $NU

  —

  Quality

  $6.9M518,327 sh

Company	Quality	Value	Shares
Reddit, Inc.$RDDT	79.8#33	$13.4M	77,389
AppLovin Corp$APP	84.4#9	$13.1M	25,426
TransMedics Group, Inc.$TMDX	67.2#377	$12.7M	191,240
Nebius Group N.V.$NBIS	—	$12.3M	44,645
Hims & Hers Health, Inc.$HIMS	53.4	$11.8M	339,978
Credo Technology Group Holding Ltd$CRDO	55.1	$11.1M	40,819
HARROW, INC.$HROW	40.5	$9.0M	211,981
APPLIED OPTOELECTRONICS, INC.$AAOI	40.1	$8.6M	58,277
MERCADOLIBRE INC$MELI	80.2	$7.5M	4,448
Nu Holdings Ltd.$NU	—	$6.9M	518,327

Showing top 10 of 63 holdings.

Full Holdings — FirstWave Capital Management LLC (Q2 2026)

All 63 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	$RDDT	Reddit, Inc.	$13.4M	5.9%	+43%	79.8
2	$APP	AppLovin Corp	$13.1M	5.8%	+28%	84.4
3	$TMDX	TransMedics Group, Inc.	$12.7M	5.6%	+54%	67.2
4	$NBIS	Nebius Group N.V.	$12.3M	5.5%	-50%	—
5	$HIMS	Hims & Hers Health, Inc.	$11.8M	5.2%	+31%	53.4
6	$CRDO	Credo Technology Group Holding Ltd	$11.1M	4.9%	-16%	55.1
7	$HROW	HARROW, INC.	$9.0M	4.0%	+47%	40.5
8	$AAOI	APPLIED OPTOELECTRONICS, INC.	$8.6M	3.8%	+200%	40.1
9	$MELI	MERCADOLIBRE INC	$7.5M	3.3%	+69%	80.2
10	$NU	Nu Holdings Ltd.	$6.9M	3.1%	+79%	—
11	$IREN	IREN Ltd	$5.6M	2.5%	+4%	46.3
12	$MU	MICRON TECHNOLOGY INC	$5.3M	2.4%	+49%	86.2
13	$ALAB	Astera Labs, Inc.	$5.3M	2.3%	-60%	75.1
14	$FPS	Forgent Power Solutions, Inc.	$4.3M	1.9%	NEW	—
15	$SE	Sea Ltd	$4.3M	1.9%	+20%	—
16	—	ROUNDHILL ETF TRUST - MEMORY ETF	$3.7M	1.6%	NEW	—
17	$SHAZ	SharonAI Holdings Inc.	$3.5M	1.6%	NEW	44.5
18	$MP	MP Materials Corp. / DE	$3.4M	1.5%	+24%	34.2
19	$BRUN	Boost Run Inc.	$3.4M	1.5%	NEW	—
20	$ZETA	Zeta Global Holdings Corp.	$3.3M	1.5%	NEW	63.4
21	$PRCT	PROCEPT BioRobotics Corp	$3.3M	1.4%	+80%	33.3
22	$OUST	Ouster, Inc.	$2.9M	1.3%	NEW	36.2
23	$NVDA	NVIDIA CORP	$2.8M	1.2%	NEW	85.9
24	$ONDS	Ondas Inc.	$2.7M	1.2%	+107%	56.4
25	$RBRK	Rubrik, Inc.	$2.7M	1.2%	NEW	56.6
26	$AXON	AXON ENTERPRISE, INC.	$2.5M	1.1%	NEW	56.6
27	$BE	Bloom Energy Corp	$2.5M	1.1%	NEW	66.2
28	$CIFR	Cipher Digital Inc.	$2.4M	1.1%	NEW	30.6
29	$LITE	Lumentum Holdings Inc.	$2.3M	1.0%	+94%	44.3
30	$CRWV	CoreWeave, Inc.	$2.3M	1.0%	NEW	52.2
31	$PL	Planet Labs PBC	$2.2M	1.0%	NEW	38.4
32	$MDB	MongoDB, Inc.	$2.1M	0.9%	NEW	68.8
33	$COHR	COHERENT CORP.	$2.1M	0.9%	+43%	58.5
34	$DDOG	Datadog, Inc.	$2.1M	0.9%	NEW	71.4
35	$CLPT	ClearPoint Neuro, Inc.	$2.1M	0.9%	+21%	26.1
36	$AMD	ADVANCED MICRO DEVICES INC	$2.0M	0.9%	NEW	79.8
37	$ASTS	AST SpaceMobile, Inc.	$1.9M	0.9%	NEW	30.8
38	$ZS	Zscaler, Inc.	$1.9M	0.8%	NEW	63.7
39	$RKLB	Rocket Lab Corp	$1.9M	0.8%	NEW	39.9
40	$GLW	CORNING INC /NY	$1.8M	0.8%	NEW	73.7
41	$MGM	MGM Resorts International	$1.8M	0.8%	NEW	55.2
42	$INTC	INTEL CORP	$1.8M	0.8%	NEW	45.6
43	$FLNC	Fluence Energy, Inc.	$1.8M	0.8%	NEW	43
44	$DXYZ	Destiny Tech100 Inc.	$1.7M	0.8%	NEW	—
45	$LPTH	LIGHTPATH TECHNOLOGIES INC	$1.7M	0.8%	NEW	34.1
46	$NUAI	New ERA Energy & Digital, Inc.	$1.6M	0.7%	NEW	—
47	$LEN	LENNAR CORP /NEW/	$1.5M	0.7%	NEW	47.2
48	$KEEL	Keel Infrastructure Corp.	$1.5M	0.7%	NEW	17.9
49	$QCOM	QUALCOMM INC/DE	$1.5M	0.6%	NEW	70.5
50	$IBM	INTERNATIONAL BUSINESS MACHINES CORP	$1.5M	0.6%	NEW	70
51	$HLIT	HARMONIC INC.	$1.4M	0.6%	NEW	23.3
52	$CPNG	Coupang, Inc.	$1.4M	0.6%	-72%	50.6
53	$FSLY	Fastly, Inc.	$1.3M	0.6%	NEW	44.6
54	—	LISTED FDS TR - ROUN MA SEVE ETF	$1.3M	0.6%	NEW	—
55	$GLXY	Galaxy Digital Inc.	$1.3M	0.6%	NEW	62.7
56	$ATEC	Alphatec Holdings, Inc.	$1.2M	0.6%	NEW	43.3
57	$TWLO	TWILIO INC	$1.2M	0.6%	NEW	70.4
58	$BFLY	Butterfly Network, Inc.	$1.2M	0.5%	NEW	33.8
59	—	CHURCHILL CAP CORP XI - CL A ORD SHS	$1.1M	0.5%	NEW	—
60	$CLSK	CLEANSPARK, INC.	$1.1M	0.5%	NEW	37.4
61	$BMM	Blue Moon Metals Inc.	$1.1M	0.5%	NEW	—
62	$CCJ	CAMECO CORP	$977,143	0.4%	NEW	—
63	—	ISHARES TR - MSCI USA MMENTM	$154,063	—	NEW	—