Ground Swell Capital, LLC
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 14, 2024), Ground Swell Capital, LLC reported 68 stock positions worth $95.4 million. Its top holding was iShares 20+ Year Treasury BD (TLT) at 57.9% of the portfolio, followed by SS SPDR S&P 500 ETF Trust-US (SPY, 12.2%) and iShares Russell 2000 ETF (IWM, 10.1%). Compared with Q4 2023, it opened 62 new positions, sold out of 58, added to 3 and reduced 3. The biggest buy was iShares 20+ Year Treasury BD (TLT, shares +508%) and the biggest sale an exit from Ishr Ibx Usd Hiyld CB ETF-Ui (HYG).
- Most Recent 13F
- Q2 2026
- Location
- FOLLY BEACH, SC
- CIK
- 0001534450
- Portfolio Value
- $95.4M (Q1 2024)
- SEC Filing
- 0001420506-24-000797 ↗ filed May 14, 2024
Holdings Value
Holdings 68 stocks · $95.4M
| TLT iShares 20+ Year Treasury BD | 57.94% | 584,036 | $55.3M | Add +507.6% |
| SPY SS SPDR S&P 500 ETF Trust-US | 12.19% | 22,231 | $11.6M | New |
| IWM iShares Russell 2000 ETF | 10.07% | 45,658 | $9.6M | New |
| XBI SS SPDR S&P Biotech ETF | 2.06% | 20,658 | $2.0M | New |
| EDV Vanguard Extended Dur Treas | 1.05% | 13,053 | $1000K | New |
| IJR iShares Core S&P Small-Cap E | 1.00% | 8,660 | $957K | New |
| PDD PDD Holdings Inc. | 0.99% | 8,146 | $947K | New |
| IJH iShares Core S&P Midcap ETF | 0.99% | 15,489 | $941K | New |
| ADI Analog Devices Inc. | 0.90% | 4,342 | $859K | New |
| AEP American Electric Power | 0.79% | 8,706 | $750K | New |
| SMCI Super Micro Computer Inc. | 0.76% | 717 | $724K | New |
| SNPS Synopsys Inc. | 0.62% | 1,027 | $587K | New |
| FPE FT-Preferred Secur & Inc. ETF | 0.59% | 32,752 | $567K | New |
| EQIX Equinix Inc. | 0.59% | 686 | $566K | New |
| TIP iShares Tips Bond ETF | 0.59% | 5,209 | $559K | New |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | 0.48% | 4,242 | $462K | New |
| URNM Sprott Uranium Miners ETF | 0.48% | 9,311 | $459K | New |
| WTM White Mountains Insurance GP | 0.47% | 251 | $450K | New |
| SWAV Shockwave Medical Inc. | 0.44% | 1,298 | $423K | New |
| AOA iShares Core 80/20 Aggressiv | 0.43% | 5,626 | $413K | New |
| NVR NVR Inc. | 0.42% | 50 | $405K | New |
| HYS PIMCO 0-5 Year H/Y Corp. Bond | 0.41% | 4,185 | $391K | New |
| RDDT Reddit Inc. Class A | 0.40% | 7,760 | $383K | New |
| LECO Lincoln Electric Holdings | 0.40% | 1,476 | $377K | New |
| ZROZ PIMCO 25+ YR Zero CPN US Tif | 0.35% | 4,257 | $337K | New |
| VNQ Vanguard Real Estate ETF | 0.32% | 3,531 | $305K | New |
| VRSK Verisk Analytics Inc. | 0.31% | 1,252 | $295K | New |
| TT Trane Technologies PLC | 0.30% | 957 | $287K | New |
| PGX Invesco Preferred ETF | 0.27% | 21,878 | $260K | New |
| PINS Pinterest Inc. Class A | 0.27% | 7,308 | $253K | New |
| TSM Taiwan Semiconductor-SP ADR | 0.26% | 1,849 | $252K | New |
| CELH Celsius Holdings Inc. | 0.25% | 2,833 | $235K | New |
| GTLB Gitlab Inc. Class A | 0.24% | 4,002 | $233K | New |
| TER Teradyne Inc. | 0.24% | 2,061 | $233K | New |
| WEX Wex Inc. | 0.24% | 970 | $230K | New |
| LAD Lithia Motors Inc. | 0.24% | 758 | $228K | New |
| AXON Axon Enterprise Inc. | 0.23% | 715 | $224K | New |
| RH RH | 0.23% | 626 | $218K | New |
| SNX TD Synnex Corp. | 0.23% | 1,917 | $217K | New |
| CDNS Cadence Design SYS Inc. | 0.23% | 691 | $215K | New |
| ACIC American Coastal Insurance C | 0.12% | 10,777 | $115K | New |
| GRANITESHARES ETF TR | 0.05% | 10,082 | $51K | New |
| ZOMDF Zomedica Corp. | 0.04% | 273,132 | $40K | Reduce -0.5% |
| ICMB Investcorp Credit Management | 0.04% | 12,795 | $40K | New |
| CTRM Castor Maritime Inc. | 0.04% | 11,405 | $39K | Add +598.1% |
| GLDG Goldmining Inc. | 0.04% | 39,944 | $35K | New |
| LCID Lucid Group Inc. | 0.04% | 12,021 | $34K | New |
| WETH Wetouch Technology Inc. | 0.03% | 13,701 | $31K | New |
| CHINA LIBERAL ED HLDGS LTD | 0.03% | 29,314 | $31K | New |
| XNET Xunlei Ltd.-ADR | 0.03% | 18,589 | $28K | Reduce -44.4% |
| EQ Equillium Inc. | 0.03% | 11,433 | $26K | New |
| UNICYCIVE THERAPEUTICS INC | 0.03% | 19,118 | $26K | New |
| PAAI Paradium AI Inc. filed as THE ARENA GROUP HOLDINGS INC | 0.02% | 17,075 | $20K | New |
| DNN Denison Mines Corp. | 0.02% | 10,255 | $20K | New |
| OPTINOSE INC | 0.02% | 13,687 | $20K | New |
| INAB IN8BIO Inc. | 0.02% | 16,356 | $19K | New |
| EMX Emx Royalty Corp. filed as EMX RTY CORP | 0.02% | 10,969 | $19K | New |
| AACG Ata Creativity Global - ADR | 0.02% | 16,883 | $17K | Add +45.8% |
| BYND CANNASOFT ENTERPRISES I | 0.02% | 10,617 | $15K | New |
| EVVAQ Enviva LLC | 0.01% | 28,171 | $12K | New |
| 111 INC | 0.01% | 10,336 | $12K | Reduce -2.5% |
| INUV Inuvo Inc. | 0.01% | 22,905 | $8K | New |
| FTCI FTC Solar Inc. | 0.01% | 14,067 | $8K | New |
| BAKKT HOLDINGS INC | 0.01% | 12,000 | $6K | New |
| DUNXIN FINANCIAL HOLDING-ADR | 0.00% | 15,415 | $5K | New |
| NAK Northern Dynasty Minerals | 0.00% | 13,067 | $4K | New |
| KZIA Kazia Therapeutics-Spon ADR | 0.00% | 11,150 | $4K | New |
| AERWINS TECHNOLOGIES INC | 0.00% | 20,685 | $1K | New |
Options reported separately and not counted above: SPY puts ($13.1M), CMG calls ($872K), CMG puts ($872K).
Other holdings (2): bonds, preferreds, convertibles and warrants · $4K (not counted above)
Total filed on the 13F, all lines: $95.4M.
Portfolio Sells Q4 2023 → Q1 2024
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | Sold out | 0.00% | −5.64 |
| MSFT Microsoft Corp. | Sold out | 0.00% | −4.55 |
| TQQQ Proshares Ultrapro QQQ | Sold out | 0.00% | −4.49 |
| IWO iShares Russell 2000 Growth | Sold out | 0.00% | −3.31 |
| GOOGL Alphabet Inc. Class A | Sold out | 0.00% | −3.21 |
| HON Honeywell International Inc. | Sold out | 0.00% | −2.74 |
| VTI VG Morningstar TS MKT ETF-US | Sold out | 0.00% | −2.70 |
| PEP Pepsico Inc. | Sold out | 0.00% | −2.49 |
| QCOM Qualcomm Inc. | Sold out | 0.00% | −2.07 |
| META Meta Platforms Inc. Class A | Sold out | 0.00% | −1.92 |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | Sold out | 0.00% | −1.86 |
| MRNA Moderna Inc. | Sold out | 0.00% | −1.83 |
| ETF MANAGERS TR | Sold out | 0.00% | −1.67 |
| TXN Texas Instruments Inc. | Sold out | 0.00% | −1.51 |
| AAPL Apple Inc. | Sold out | 0.00% | −1.45 |
| CTAS Cintas Corp. | Sold out | 0.00% | −1.41 |
| NVDA Nvidia Corp. | Sold out | 0.00% | −1.39 |
| DBX ETF TR | Sold out | 0.00% | −1.34 |
| TOK iShares MSCI Kokusai ETF | Sold out | 0.00% | −1.32 |
| GOOG Alphabet Inc. Class C | Sold out | 0.00% | −1.31 |
| KLAC KLA Corp. | Sold out | 0.00% | −1.20 |
| INTU Intuit Inc. | Sold out | 0.00% | −1.11 |
| MUST Columbia Multi-Sect Muni Inc. | Sold out | 0.00% | −1.06 |
| LULU Lululemon Athletica Inc. | Sold out | 0.00% | −1.01 |
| ROP Roper Technologies Inc. | Sold out | 0.00% | −0.99 |
| HOLX Hologic Inc. | Sold out | 0.00% | −0.95 |
| GFS Globalfoundries Inc. | Sold out | 0.00% | −0.94 |
| NOVT Novanta Inc. | Sold out | 0.00% | −0.89 |
| HES Hess Corp. | Sold out | 0.00% | −0.88 |
| RUSHA Rush Enterprises Inc. Class A | Sold out | 0.00% | −0.84 |
| EG Everest Group Ltd. | Sold out | 0.00% | −0.81 |
| NXPI NXP Semiconductors NV | Sold out | 0.00% | −0.80 |
| TSLA Tesla Inc. | Sold out | 0.00% | −0.78 |
| FMDE Fidelity Enhanced Mid Cap Co. | Sold out | 0.00% | −0.78 |
| CPB The Campbell's Company | Sold out | 0.00% | −0.75 |
| VNDA Vanda Pharmaceuticals Inc. | Sold out | 0.00% | −0.57 |
| NAT Nordic American Tankers Ltd. | Sold out | 0.00% | −0.20 |
| XNET Xunlei Ltd.-ADR | Reduce -44.4% | 0.03% | −0.17 |
| ZOMDF Zomedica Corp. | Reduce -0.5% | 0.04% | −0.16 |
| CITIUS PHARMACEUTICALS INC | Sold out | 0.00% | −0.13 |
| GOLDEN MATRIX GROUP INC | Sold out | 0.00% | −0.11 |
| EUDA Euda Health Holdings Ltd. | Sold out | 0.00% | −0.10 |
| EXFY Expensify Inc. Class A | Sold out | 0.00% | −0.10 |
| CNSY Plus Therapeutics Inc. | Sold out | 0.00% | −0.10 |
| CEIN Camber Energy Inc. | Sold out | 0.00% | −0.09 |
| KRON Kronos Bio Inc. | Sold out | 0.00% | −0.07 |
| DNA Ginkgo Bioworks Holdings Inc. | Sold out | 0.00% | −0.07 |
| LPTH Lightpath Technologies Inc. Class A | Sold out | 0.00% | −0.06 |
| VERTICAL AEROSPACE LTD | Sold out | 0.00% | −0.06 |
| HYZON MOTORS INC | Sold out | 0.00% | −0.06 |
Portfolio Buys Q4 2023 → Q1 2024
| TLT iShares 20+ Year Treasury BD | Add +507.6% | 57.94% | +22.48 |
| SPY SS SPDR S&P 500 ETF Trust-US | New | 12.19% | +12.19 |
| IWM iShares Russell 2000 ETF | New | 10.07% | +10.07 |
| XBI SS SPDR S&P Biotech ETF | New | 2.06% | +2.06 |
| EDV Vanguard Extended Dur Treas | New | 1.05% | +1.05 |
| IJR iShares Core S&P Small-Cap E | New | 1.00% | +1.00 |
| PDD PDD Holdings Inc. | New | 0.99% | +0.99 |
| IJH iShares Core S&P Midcap ETF | New | 0.99% | +0.99 |
| ADI Analog Devices Inc. | New | 0.90% | +0.90 |
| AEP American Electric Power | New | 0.79% | +0.79 |
| SMCI Super Micro Computer Inc. | New | 0.76% | +0.76 |
| SNPS Synopsys Inc. | New | 0.62% | +0.62 |
| FPE FT-Preferred Secur & Inc. ETF | New | 0.59% | +0.59 |
| EQIX Equinix Inc. | New | 0.59% | +0.59 |
| TIP iShares Tips Bond ETF | New | 0.59% | +0.59 |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | New | 0.48% | +0.48 |
| URNM Sprott Uranium Miners ETF | New | 0.48% | +0.48 |
| WTM White Mountains Insurance GP | New | 0.47% | +0.47 |
| SWAV Shockwave Medical Inc. | New | 0.44% | +0.44 |
| AOA iShares Core 80/20 Aggressiv | New | 0.43% | +0.43 |
| NVR NVR Inc. | New | 0.42% | +0.42 |
| HYS PIMCO 0-5 Year H/Y Corp. Bond | New | 0.41% | +0.41 |
| RDDT Reddit Inc. Class A | New | 0.40% | +0.40 |
| LECO Lincoln Electric Holdings | New | 0.40% | +0.40 |
| ZROZ PIMCO 25+ YR Zero CPN US Tif | New | 0.35% | +0.35 |
| VNQ Vanguard Real Estate ETF | New | 0.32% | +0.32 |
| VRSK Verisk Analytics Inc. | New | 0.31% | +0.31 |
| TT Trane Technologies PLC | New | 0.30% | +0.30 |
| PGX Invesco Preferred ETF | New | 0.27% | +0.27 |
| PINS Pinterest Inc. Class A | New | 0.27% | +0.27 |
| TSM Taiwan Semiconductor-SP ADR | New | 0.26% | +0.26 |
| CELH Celsius Holdings Inc. | New | 0.25% | +0.25 |
| GTLB Gitlab Inc. Class A | New | 0.24% | +0.24 |
| TER Teradyne Inc. | New | 0.24% | +0.24 |
| WEX Wex Inc. | New | 0.24% | +0.24 |
| LAD Lithia Motors Inc. | New | 0.24% | +0.24 |
| AXON Axon Enterprise Inc. | New | 0.23% | +0.23 |
| RH RH | New | 0.23% | +0.23 |
| SNX TD Synnex Corp. | New | 0.23% | +0.23 |
| CDNS Cadence Design SYS Inc. | New | 0.23% | +0.23 |
| ACIC American Coastal Insurance C | New | 0.12% | +0.12 |
| GRANITESHARES ETF TR | New | 0.05% | +0.05 |
| ICMB Investcorp Credit Management | New | 0.04% | +0.04 |
| GLDG Goldmining Inc. | New | 0.04% | +0.04 |
| LCID Lucid Group Inc. | New | 0.04% | +0.04 |
| WETH Wetouch Technology Inc. | New | 0.03% | +0.03 |
| CHINA LIBERAL ED HLDGS LTD | New | 0.03% | +0.03 |
| EQ Equillium Inc. | New | 0.03% | +0.03 |
| UNICYCIVE THERAPEUTICS INC | New | 0.03% | +0.03 |
| PAAI Paradium AI Inc. | New | 0.02% | +0.02 |
Options Activity Q4 2023 → Q1 2024
| SPY SS SPDR S&P 500 ETF Trust-US | put | New | 25,000 | $13.1M |
| CMG Chipotle Mexican Grill Inc. | call | New | 300 | $872K |
| CMG Chipotle Mexican Grill Inc. | put | New | 300 | $872K |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q4 2023 → Q1 2024
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | Sold out | 291 | $351Kbefore exit |
| USGOW US Goldmining Inc.-28 | *W EXP 99/99/999 | Sold out | 10,031 | $20Kbefore exit |
| HYMCW Hycroft Mining Holding | *W EXP 05/29/202 | Reduce -19.3% | 130,727 | $2K |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 135 | $91.3M | IVV, SPCX, IWM, ASML, CBRS |
| Q1 2026 | 108 | $48.3M | VOO, QQQ, PPH, NVDA, AAPL |
| Q4 2025 | 83 | $48.5M | QQQ, PNFP, NXPI, TLT, TSLA |
| Q3 2025 | 126 | $45.5M | RSP, IWB, EFA, STIP, MSFT |
| Q2 2025 | 137 | $60.6M | SPY, IWM, IWB, KRE, IXJ |
| Q1 2025 | 149 | $42.5M | TLT, MCHP, COIN, NXPI, KOKU |
| Q4 2024 | 140 | $45.9M | TLT, IWN, SPY, ADP, XOP |
| Q3 2024 | 142 | $70.0M | TLT, MSFT, AAPL, SPGI, SBUX |
| Q2 2024 | 168 | $103.4M | IWM, TLT, SPY, COST, ICLR |
| Q1 2024 | 68 | $95.4M | TLT, SPY, IWM, XBI, EDV |