FirstWave Capital Management LLC

CIK 0002093108 · Q1 2026

13F Equity AUM

$94.1M

-44.1% QoQ

Positions

-46 QoQ

AUM Rank

#10,078

Top 81%

Skill Alpha (FF)

—

No alpha data

Quarters Tracked

~0 years

Portfolio Concentration

Top 5: 44.9%Top 10: 70.0%Top 20: 93.8%

TMDX13.1%

YNDX9.9%

APP8.4%

RDDT7.7%

HIMS5.7%

CPNG5.6%

HROW5.4%

CRDO4.9%

MLB14.8%

NU4.4%

Others (17)30.0%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Healthcare27.3%

Technology22.8%

Communication Services17.6%

Consumer Cyclical15.9%

Financial Services12.6%

Basic Materials2.5%

Other1.2%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 27Median: 2.55%Avg: 3.70%

0–0.5%

1(0.4%)

0.5–1%

4(3.6%)

1–3%

9(15.2%)

3–5%

6(24.9%)

5%+

7(55.9%)

Count of positions per weight bucket — (%) = combined portfolio weight

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Portfolio Overlap

Shared: 27Unique: 0vs 20 funds

0.4%Low

Fund positions

7,299

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

Most Similar Funds

Top 9 benchmark funds with highest portfolio overlap (Jaccard similarity)

BlackRock, Inc.

0.7%

STATE STREET CORP

0.8%

MORGAN STANLEY

0.5%

GEODE CAPITAL MANAGEMENT, LLC

0.8%

JPMORGAN CHASE & CO

0.5%

BANK OF AMERICA CORP /DE/

0.6%

VANGUARD CAPITAL MANAGEMENT LLC

0.7%

VANGUARD PORTFOLIO MANAGEMENT LLC

0.9%

FMR LLC

0.8%

Jaccard similarity per fund: shared CUSIPs / (fund A + fund B − shared). Higher values indicate more similar portfolios.

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Position Changes This Quarter

New6Increased9Decreased12Exited51

New Positions

AAOI1.8%

+19K

HOOD1.7%

+23K

MU1.1%

+3K

SOFI0.9%

+56K

COHR0.9%

+4K

SPY0.4%

+400K

Increased

NU4.4%

+131K(+83%)

HIMS5.7%

+73K(+39%)

HROW5.4%

+50K(+53%)

TMDX13.1%

+50K(+67%)

RDDT7.7%

+29K(+113%)

CRDO4.9%

+14K(+42%)

APP8.4%

+12K(+139%)

YNDX9.9%

+4K(+4%)

MLB14.8%

+1K(+114%)

Decreased

CLPT0.9%

-267,569(-74%)

CELH1.2%

-67,645(-67%)

ONDS1.5%

-55,005(-26%)

IREN4.3%

-42,270(-26%)

PRCT2.1%

-39,184(-33%)

ONON2.1%

-37,048(-39%)

MP2.5%

-8,723(-15%)

CPNG5.6%

-5,078(-2%)

CRCL0.8%

-3,128(-28%)

ALAB3.2%

-2,679(-9%)

Exited

FOUR

-82,871

UVIX

-881,126

ZETA

-151,235

-11,563

-33,075

-11,394

-114,798

-131,581

-260,120

GLBE

-42,244

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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