Returns–Not enough quarters yet
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| RDDTReddit Inc | $13.4M | 5.9% | +43.2% |
| APPApplovin Corp | $13.1M | 5.8% | +27.9% |
| TMDXTransmedics Group Inc | $12.7M | 5.6% | +53.9% |
| Nebius Group N.v.CUSIP N97284108 | $12.3M | 5.4% | −50.1% |
| HIMSHims & Hers Health Inc | $11.8M | 5.2% | +30.6% |
| Credo Technology Group HoldiCUSIP G25457105 | $11.1M | 4.9% | −16.1% |
| HROWHarrow Inc | $9.0M | 4.0% | +47.3% |
| AAOIApplied Optoelectronics Inc | $8.6M | 3.8% | +199.6% |
| MELIMercadolibre Inc | $7.5M | 3.3% | +69.3% |
| Nu Hldgs LtdCUSIP G6683N103 | $6.9M | 3.1% | +78.9% |
| Iren LimitedCUSIP Q4982L109 | $5.6M | 2.5% | +4.1% |
| MUMicron Technology Inc | $5.3M | 2.4% | +48.6% |
| ALABAstera Labs Inc | $5.3M | 2.3% | −59.9% |
| FPSForgent Power Solutions Inc | $4.3M | 1.9% | New |
| SESea Ltd | $4.3M | 1.9% | +19.5% |
| DRAMRoundhill Etf Trust | $3.7M | 1.6% | New |
| SHAZSharonai Holdings Inc | $3.5M | 1.6% | New |
| MPMp Materials Corp | $3.4M | 1.5% | +23.8% |
| BRUNBoost Run Inc | $3.4M | 1.5% | New |
| ZETAZeta Global Holdings Corp | $3.3M | 1.5% | New |
| PRCTProcept Biorobotics Corp | $3.3M | 1.4% | +79.7% |
| OUSTOuster Inc | $2.9M | 1.3% | New |
| NVDANvidia Corporation | $2.8M | 1.2% | New |
| ONDSOndas Inc | $2.7M | 1.2% | +107.5% |
| RBRKRubrik Inc. | $2.7M | 1.2% | New |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| Nebius Group N.v.CUSIP N97284108 | December 31, 2025 | +229.9% | $12.3M |
| LITELumentum Hldgs Inc | December 31, 2025 | +132.8% | $2.3M |
| Credo Technology Group HoldiCUSIP G25457105 | December 31, 2025 | +89.0% | $11.1M |
| AAOIApplied Optoelectronics Inc | March 31, 2026 | +75.2% | $8.6M |
| COHRCoherent Corp | March 31, 2026 | +65.6% | $2.1M |
| CLPTClearpoint Neuro Inc | December 31, 2025 | +30.4% | $2.1M |
| Iren LimitedCUSIP Q4982L109 | December 31, 2025 | +21.1% | $5.6M |
| MPMp Materials Corp | December 31, 2025 | +10.9% | $3.4M |
| HIMSHims & Hers Health Inc | December 31, 2025 | +6.8% | $11.8M |
| HROWHarrow Inc | December 31, 2025 | −13.3% | $9.0M |
Sold off last quarter
- On Hldg AgCUSIP H5919C104 was $2.0M
- HOODRobinhood Mkts Inc was $1.6M
- CELHCelsius Hldgs Inc was $1.2M
- SOFISofi Technologies Inc was $887K
- CRCLCircle Internet Group Inc was $770K
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +37.3% | +14.8% |
| March 31, 2026 | −16.2% | −4.6% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: FirstWave Capital Management LLC Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=2093108&type=13F-HR&dateb=&owner=include&count=40CIK 2093108
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/2093108/000209310826000005/Filed August 12, 2026 · accession 0002093108-26-000005