Square Wave Capital, LLC 13F holdings, Q3 2025
Holdings as of September 30, 2025 · filings on SEC EDGAR · latest filing →
Square Wave Capital, LLC disclosed 8 US equity positions worth $273.3m in its Q3 2025 13F filing. The largest position was VEEV at 17.6% of the reported book, followed by TW and FICO. Against the Q2 2025 filing, it opened 1 new position, added to 6 and reduced 1 among the top 8 holdings.
What did Square Wave Capital, LLC own in Q3 2025? Top 8 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q2 2025 |
|---|---|---|---|---|---|---|---|
| 1 | VEEV VEEVA SYS INC | Healthcare | 17.6% | $48.2m | 161,831 | 203% | added |
| 2 | TW TRADEWEB MKTS INC | Financial Services | 17.0% | $46.4m | 417,863 | 291% | added |
| 3 | FICO FAIR ISAAC CORP | Technology | 15.5% | $42.4m | 28,300 | 242% | added |
| 4 | MAR MARRIOTT INTL INC NEW | Consumer Cyclical | 15.0% | $40.9m | 157,100 | – | new |
| 5 | EFX EQUIFAX INC | Industrials | 13.8% | $37.7m | 146,897 | 149% | added |
| 6 | MCO MOODYS CORP | Financial Services | 13.7% | $37.4m | 78,488 | 184% | added |
| 7 | IT GARTNER INC | Technology | 5.6% | $15.3m | 58,198 | 89% | added |
| 8 | AXON AXON ENTERPRISE INC | Industrials | 1.9% | $5.1m | 7,065 | -65% | reduced |
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.