FirstWave Capital Management LLC
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 12, 2026), FirstWave Capital Management LLC reported 26 stock positions worth $93.7 million. Its top holding was Transmedics (TMDX) at 13.2% of the portfolio, followed by Nebius (NBIS, 9.9%) and AppLovin Class A (APP, 8.4%). Compared with Q4 2025, it opened 5 new positions, sold out of 52, added to 9 and reduced 12. The biggest buy was Transmedics (TMDX, shares +67%) and the biggest sale an exit from SHIFT4 Payments Class A (FOUR).
- Most Recent 13F
- Q2 2026
- Location
- MIAMI, FL
- CIK
- 0002093108
- Portfolio Value
- $93.7M (Q1 2026)
- SEC Filing
- 0002093108-26-000004 ↗ filed May 12, 2026
Holdings Value
Holdings 26 stocks · $93.7M
| TMDX Transmedics Group Inc. | 13.18% | 124,268 | $12.4M | Add +66.7% |
| NBIS Nebius Group NV | 9.90% | 89,399 | $9.3M | Add +4.1% |
| APP AppLovin Corp. Class A | 8.44% | 19,873 | $7.9M | Add +138.5% |
| RDDT Reddit Inc. Class A | 7.76% | 54,033 | $7.3M | Add +112.8% |
| HIMS Hims & Hers Health Inc. | 5.76% | 260,247 | $5.4M | Add +38.7% |
| CPNG Coupang Inc. | 5.65% | 280,435 | $5.3M | Reduce -1.8% |
| HROW Harrow Inc. | 5.41% | 143,923 | $5.1M | Add +53.2% |
| CRDO Credo Technology Group Holdi | 4.87% | 48,662 | $4.6M | Add +41.5% |
| MELI MercadoLibre Inc. | 4.85% | 2,627 | $4.5M | Add +114.1% |
| NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD | 4.44% | 289,752 | $4.2M | Add +82.8% |
| IREN Iren Ltd. filed as IREN LIMITED | 4.34% | 118,614 | $4.1M | Reduce -26.3% |
| SE Sea Ltd.-ADR | 3.34% | 37,751 | $3.1M | Reduce -4.6% |
| ALAB Astera Labs Inc. | 3.19% | 27,290 | $3.0M | Reduce -8.9% |
| MP MP Materials Corp. | 2.56% | 49,653 | $2.4M | Reduce -14.9% |
| PRCT Procept Biorobotics Corp. | 2.14% | 80,339 | $2.0M | Reduce -32.8% |
| ONON On Holding AG Class A filed as ON HLDG AG | 2.13% | 58,726 | $2.0M | Reduce -38.7% |
| AAOI Applied Optoelectronics Inc. | 1.76% | 19,454 | $1.6M | New |
| HOOD Robinhood Markets Inc. Class A | 1.67% | 22,572 | $1.6M | New |
| ONDS Ondas Inc. | 1.53% | 159,094 | $1.4M | Reduce -25.7% |
| CELH Celsius Holdings Inc. | 1.25% | 32,934 | $1.2M | Reduce -67.3% |
| MU Micron Technology Inc. | 1.12% | 3,103 | $1.0M | New |
| LITE Lumentum Holdings Inc. | 1.06% | 1,411 | $992K | Reduce -56.4% |
| SOFI Sofi Technologies Inc. | 0.95% | 55,835 | $887K | New |
| COHR Coherent Corp. | 0.94% | 3,718 | $886K | New |
| CLPT Clearpoint Neuro Inc. | 0.93% | 95,840 | $872K | Reduce -73.6% |
| CRCL Circle Internet Group Inc. | 0.82% | 8,075 | $770K | Reduce -27.9% |
Options reported separately and not counted above: SPY calls ($362K).
Portfolio Sells Q4 2025 → Q1 2026
| FOUR SHIFT4 Payments Inc. Class A | Sold out | 0.00% | −3.10 |
| VS TRUST | Sold out | 0.00% | −2.99 |
| CLPT Clearpoint Neuro Inc. | Reduce -73.6% | 0.93% | −2.02 |
| ZETA Zeta Global Holdings Corp. Class A | Sold out | 0.00% | −1.83 |
| ZS Zscaler Inc. | Sold out | 0.00% | −1.54 |
| CELH Celsius Holdings Inc. | Reduce -67.3% | 1.25% | −1.49 |
| AMBA Ambarella Inc. | Sold out | 0.00% | −1.39 |
| FTAI Ftai Aviation Ltd. | Sold out | 0.00% | −1.33 |
| RKT Rocket Cos Inc. Class A | Sold out | 0.00% | −1.32 |
| OSCR Oscar Health Inc. Class A | Sold out | 0.00% | −1.12 |
| TE T1 Energy Inc. | Sold out | 0.00% | −1.03 |
| GLBE Global-E Online Ltd. | Sold out | 0.00% | −0.99 |
| RBRK Rubrik Inc. Class A | Sold out | 0.00% | −0.98 |
| ROOT Root Inc./Oh Class A | Sold out | 0.00% | −0.97 |
| GOOG Alphabet Inc. Class C | Sold out | 0.00% | −0.82 |
| SETM Sprott Critical Material ETF | Sold out | 0.00% | −0.81 |
| ASX Ase Technology Holding -ADR | Sold out | 0.00% | −0.81 |
| AVAV Aerovironment Inc. | Sold out | 0.00% | −0.81 |
| SEI Solaris Energy Infrastructur | Sold out | 0.00% | −0.77 |
| MKSI MKS Inc. | Sold out | 0.00% | −0.76 |
| TEM Tempus AI Inc. Class A | Sold out | 0.00% | −0.76 |
| DAVE Dave Inc. | Sold out | 0.00% | −0.70 |
| ACMR Acm Research Inc. Class A | Sold out | 0.00% | −0.69 |
| FIX Comfort Systems USA Inc. | Sold out | 0.00% | −0.68 |
| PLAB Photronics Inc. | Sold out | 0.00% | −0.67 |
| CIFR Cipher Digital Inc. | Sold out | 0.00% | −0.67 |
| MDB Mongodb Inc. | Sold out | 0.00% | −0.67 |
| EOSE Eos Energy Enterprises Inc. | Sold out | 0.00% | −0.66 |
| ATEC Alphatec Holdings Inc. | Sold out | 0.00% | −0.66 |
| FLNC Fluence Energy Inc. | Sold out | 0.00% | −0.65 |
| CVNA Carvana Co. | Sold out | 0.00% | −0.65 |
| ASPN Aspen Aerogels Inc. | Sold out | 0.00% | −0.63 |
| DLO Dlocal Ltd. | Sold out | 0.00% | −0.62 |
| TAN Invesco Solar ETF | Sold out | 0.00% | −0.61 |
| DDOG Datadog Inc. Class A | Sold out | 0.00% | −0.60 |
| GLXY Galaxy Digital Inc. Class A | Sold out | 0.00% | −0.59 |
| ORCL Oracle Corp. | Sold out | 0.00% | −0.58 |
| GTLB Gitlab Inc. Class A | Sold out | 0.00% | −0.54 |
| RMBS Rambus Inc. | Sold out | 0.00% | −0.54 |
| IOT Samsara Inc. Class A | Sold out | 0.00% | −0.54 |
| FVRR Fiverr International Ltd. | Sold out | 0.00% | −0.54 |
| BABA Alibaba Group Holding-SP ADR | Sold out | 0.00% | −0.54 |
| RBLX Roblox Corp. Class A | Sold out | 0.00% | −0.54 |
| TLN Talen Energy Corp. | Sold out | 0.00% | −0.54 |
| CCJ Cameco Corp. | Sold out | 0.00% | −0.53 |
| RIOT Riot Platforms Inc. | Sold out | 0.00% | −0.52 |
| ONON On Holding AG Class A | Reduce -38.7% | 2.13% | −0.51 |
| AMD Advanced Micro Devices | Sold out | 0.00% | −0.49 |
| LAC Lithium Americas Corp. | Sold out | 0.00% | −0.49 |
| FCX Freeport-McMoran Inc. | Sold out | 0.00% | −0.47 |
Portfolio Buys Q4 2025 → Q1 2026
| TMDX Transmedics Group Inc. | Add +66.7% | 13.18% | +7.79 |
| NBIS Nebius Group NV | Add +4.1% | 9.90% | +5.63 |
| APP AppLovin Corp. Class A | Add +138.5% | 8.44% | +5.10 |
| RDDT Reddit Inc. Class A | Add +112.8% | 7.76% | +4.30 |
| MELI MercadoLibre Inc. | Add +114.1% | 4.85% | +3.38 |
| NU Nu Holdings Ltd./Cayman Isl-A | Add +82.8% | 4.44% | +2.87 |
| HROW Harrow Inc. | Add +53.2% | 5.41% | +2.68 |
| HIMS Hims & Hers Health Inc. | Add +38.7% | 5.76% | +2.15 |
| CRDO Credo Technology Group Holdi | Add +41.5% | 4.87% | +1.94 |
| AAOI Applied Optoelectronics Inc. | New | 1.76% | +1.76 |
| HOOD Robinhood Markets Inc. Class A | New | 1.67% | +1.67 |
| MU Micron Technology Inc. | New | 1.12% | +1.12 |
| SOFI Sofi Technologies Inc. | New | 0.95% | +0.95 |
| COHR Coherent Corp. | New | 0.94% | +0.94 |
Options Activity Q4 2025 → Q1 2026
| SPY SS SPDR S&P 500 ETF Trust-US | call | New | 400,000 | $362K |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.