FirstWave Capital Management LLC 13F holdings, Q4 2025
Holdings as of December 31, 2025 · filings on SEC EDGAR · latest filing →
FirstWave Capital Management LLC disclosed 73 US equity positions worth $168.3m in its Q4 2025 13F filing. The largest position was TMDX at 5.4% of the reported book, followed by NBIS and CPNG.
What did FirstWave Capital Management LLC own in Q4 2025? Top 50 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs prior |
|---|---|---|---|---|---|---|---|
| 1 | TMDX TRANSMEDICS GROUP INC | Healthcare | 5.4% | $9.1m | 74,562 | – | |
| 2 | NBIS NEBIUS GROUP N.V. | Communication Services | 4.3% | $7.2m | 85,862 | – | |
| 3 | CPNG COUPANG INC | Consumer Cyclical | 4.0% | $6.7m | 285,513 | – | |
| 4 | HIMS HIMS & HERS HEALTH INC | Healthcare | 3.6% | $6.1m | 187,657 | – | |
| 5 | IREN IREN LIMITED | Financial Services | 3.6% | $6.1m | 160,884 | – | |
| 6 | RDDT REDDIT INC | Communication Services | 3.5% | $5.8m | 25,392 | – | |
| 7 | APP APPLOVIN CORP | Communication Services | 3.3% | $5.6m | 8,332 | – | |
| 8 | FOUR SHIFT4 PMTS INC | Technology | 3.1% | $5.2m | 82,871 | – | |
| 9 | SE SEA LTD | Consumer Cyclical | 3.0% | $5.0m | 39,586 | – | |
| 10 | VS TRUST | 3.0% | $5.0m | 881,126 | – | ||
| 11 | ALAB ASTERA LABS INC | Technology | 3.0% | $5.0m | 29,969 | – | |
| 12 | CLPT CLEARPOINT NEURO INC | 3.0% | $5.0m | 363,409 | – | ||
| 13 | CRDO CREDO TECHNOLOGY GROUP HOLDI | Technology | 2.9% | $4.9m | 34,378 | – | |
| 14 | HROW HARROW INC | 2.7% | $4.6m | 93,953 | – | ||
| 15 | CELH CELSIUS HLDGS INC | Consumer Defensive | 2.7% | $4.6m | 100,579 | – | |
| 16 | ON HLDG AG | 2.6% | $4.5m | 95,774 | – | ||
| 17 | PRCT PROCEPT BIOROBOTICS CORP | Healthcare | 2.2% | $3.8m | 119,523 | – | |
| 18 | ZETA ZETA GLOBAL HOLDINGS CORP | Technology | 1.8% | $3.1m | 151,235 | – | |
| 19 | MP MP MATERIALS CORP | Basic Materials | 1.8% | $2.9m | 58,376 | – | |
| 20 | NU NU HLDGS LTD | Financial Services | 1.6% | $2.7m | 158,536 | – | |
| 21 | ZS ZSCALER INC | Technology | 1.5% | $2.6m | 11,563 | – | |
| 22 | MELI MERCADOLIBRE INC | Consumer Cyclical | 1.5% | $2.5m | 1,227 | – | |
| 23 | AMBA AMBARELLA INC | Technology | 1.4% | $2.3m | 33,075 | – | |
| 24 | FTAI AVIATION LTD | 1.3% | $2.2m | 11,394 | – | ||
| 25 | RKT ROCKET COS INC | Financial Services | 1.3% | $2.2m | 114,798 | – | |
| 26 | ONDS ONDAS HLDGS INC | Technology | 1.2% | $2.1m | 214,099 | – | |
| 27 | OSCR OSCAR HEALTH INC | Healthcare | 1.1% | $1.9m | 131,581 | – | |
| 28 | TE T1 ENERGY INC | Industrials | 1.0% | $1.7m | 260,120 | – | |
| 29 | GLBE GLOBAL E ONLINE LTD | Consumer Cyclical | 1.0% | $1.7m | 42,244 | – | |
| 30 | RBRK RUBRIK INC. | Technology | 1.0% | $1.6m | 21,471 | – | |
| 31 | ROOT ROOT INC | Financial Services | 1.0% | $1.6m | 22,718 | – | |
| 32 | GOOG ALPHABET INC | Communication Services | 0.8% | $1.4m | 4,394 | – | |
| 33 | SPROTT FDS TR | 0.8% | $1.4m | 46,972 | – | ||
| 34 | ASX ASE TECHNOLOGY HLDG CO LTD | Technology | 0.8% | $1.4m | 84,380 | – | |
| 35 | AVAV AEROVIRONMENT INC | Industrials | 0.8% | $1.4m | 5,602 | – | |
| 36 | SEI SOLARIS ENERGY INFRAS INC | Energy | 0.8% | $1.3m | 28,151 | – | |
| 37 | MKSI MKS INC. | Technology | 0.8% | $1.3m | 8,021 | – | |
| 38 | TEM TEMPUS AI INC | Healthcare | 0.8% | $1.3m | 21,635 | – | |
| 39 | LITE LUMENTUM HLDGS INC | Technology | 0.7% | $1.2m | 3,234 | – | |
| 40 | DAVE DAVE INC | Technology | 0.7% | $1.2m | 5,293 | – | |
| 41 | ACMR ACM RESH INC | Technology | 0.7% | $1.2m | 29,491 | – | |
| 42 | FIX COMFORT SYS USA INC | Industrials | 0.7% | $1.1m | 1,225 | – | |
| 43 | PLAB PHOTRONICS INC | Technology | 0.7% | $1.1m | 35,503 | – | |
| 44 | CIFR CIPHER MINING INC | Technology | 0.7% | $1.1m | 76,124 | – | |
| 45 | MDB MONGODB INC | Technology | 0.7% | $1.1m | 2,675 | – | |
| 46 | EOSE EOS ENERGY ENTERPRISES INC | Industrials | 0.7% | $1.1m | 97,326 | – | |
| 47 | ATEC ALPHATEC HLDGS INC | Healthcare | 0.7% | $1.1m | 52,726 | – | |
| 48 | FLNC FLUENCE ENERGY INC | Utilities | 0.6% | $1.1m | 55,306 | – | |
| 49 | CVNA CARVANA CO | Consumer Cyclical | 0.6% | $1.1m | 2,576 | – | |
| 50 | ASPN ASPEN AEROGELS INC | Basic Materials | 0.6% | $1.1m | 372,001 | – |
Weights are shares of the reported long US equity book (options excluded). Values are as filed, normalised to whole dollars. Share changes compare against the immediately preceding filing only.