Ground Swell Capital, LLC

In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 7, 2024), Ground Swell Capital, LLC reported 168 stock positions worth $103.4 million. Its top holding was iShares Russell 2000 ETF (IWM) at 24.1% of the portfolio, followed by iShares 20+ Year Treasury BD (TLT, 19.9%) and SS SPDR S&P 500 ETF Trust-US (SPY, 17.5%). Compared with Q1 2024, it opened 157 new positions, sold out of 57, added to 6 and reduced 5. The biggest buy was iShares Russell 2000 ETF (IWM, shares +169%) and the biggest sale iShares 20+ Year Treasury BD (TLT, shares −62%).

Most Recent 13F
Q2 2026
Location
FOLLY BEACH, SC
CIK
0001534450
Portfolio Value
$103.4M (Q2 2024)
SEC Filing
0001420506-24-001294 ↗ filed Aug 7, 2024

Holdings Value

0$50.0M$100.0M$150.0M Q1 2024: $95.4M Q1 2024 Q2 2024: $103.4M $103.4M Q2 2024 Q3 2024: $70.0M Q3 2024 Q4 2024: $45.9M Q4 2024 Q1 2025: $42.5M Q1 2025 Q2 2025: $60.6M Q2 2025 Q3 2025: $45.5M Q3 2025 Q4 2025: $48.5M Q4 2025 Q1 2026: $48.3M Q1 2026 Q2 2026: $91.3M Q2 2026

Holdings 168 stocks · $103.4M
IWM iShares Russell 2000 ETF 24.11% 122,865 $24.9M Add +169.1%
TLT iShares 20+ Year Treasury BD 19.88% 224,022 $20.6M Reduce -61.6%
SPY SS SPDR S&P 500 ETF Trust-US 17.52% 33,295 $18.1M Add +49.8%
COST Costco Wholesale Corp. 1.63% 1,981 $1.7M New
ICLR Icon PLC 1.61% 5,295 $1.7M New
IWB iShares Russell 1000 ETF 1.57% 5,457 $1.6M New
PEP Pepsico Inc. 1.16% 7,260 $1.2M New
CRWD CrowdStrike Holdings Inc. Class A 1.09% 2,947 $1.1M New
IWV iShares Russell 3000 ETF 1.08% 3,632 $1.1M New
IWF iShares Russell 1000 Growth 0.99% 2,795 $1.0M New
MAR Marriott International Class A 0.93% 3,993 $965K New
GEHC GE Healthcare Technology 0.91% 12,058 $940K New
XOP SS SPDR S&P Og Exp & Prod 0.90% 6,420 $934K New
PTC PTC Inc. 0.88% 5,028 $913K New
AXON Axon Enterprise Inc. 0.70% 2,474 $728K Add +246.0%
WDAY Workday Inc. Class A 0.70% 3,227 $721K New
AAPL Apple Inc. 0.64% 3,163 $666K New
CART Maplebear Inc. 0.60% 19,205 $617K New
VRSK Verisk Analytics Inc. 0.59% 2,254 $608K Add +80.0%
INTU Intuit Inc. 0.58% 911 $599K New
LULU Lululemon Athletica Inc. 0.56% 1,929 $576K New
MANH Manhattan Associates Inc. 0.53% 2,225 $549K New
FWONK Liberty Media Corp. Class C 0.52% 7,549 $542K New
ALAB Astera Labs Inc. 0.51% 8,663 $524K New
AEP American Electric Power 0.49% 5,751 $505K Reduce -33.9%
LSXMA Liberty Media Corp. Class A New 0.47% 21,878 $485K New
DIREXION DAILY SEMI BEAR 3X 0.47% 21,314 $483K New
CPRT Copart Inc. 0.46% 8,837 $479K New
VNOM Viper Energy Inc. 0.45% 12,521 $470K New
PCTY Paylocity Holding Corp. 0.45% 3,518 $464K New
AMAT Applied Materials Inc. 0.44% 1,943 $459K New
TER Teradyne Inc. 0.42% 2,937 $436K Add +42.5%
TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC 0.41% 4,329 $423K New
VRSN Verisign Inc. 0.41% 2,369 $421K New
ROST Ross Stores Inc. 0.40% 2,842 $413K New
KWEB Kranesh Csi China Internet 0.39% 15,000 $405K New
EURL Dir Da FTS Eur Bu 3X ETF-Usd 0.38% 15,510 $392K New
TNDM Tandem Diabetes Care Inc. 0.38% 9,698 $391K New
VOE Vngrd Mrngstr MD-Cap Val ETF 0.38% 2,592 $390K New
MIRM Mirum Pharmaceuticals Inc. 0.36% 10,780 $369K New
ADI Analog Devices Inc. 0.34% 1,520 $347K Reduce -65.0%
FANG Diamondback Energy Inc. 0.33% 1,708 $342K New
MDLZ Mondelez International Inc. Class A 0.33% 5,181 $339K New
DKS Dick's Sporting Goods Inc. 0.33% 1,571 $338K New
SPSB SS SPDR P St C Corp. ETF 0.32% 11,254 $334K New
PFG Principal Financial Group 0.32% 4,241 $333K New
ODFL Old Dominion Freight Line 0.32% 1,848 $326K New
VCTR Victory Capital Holding - A 0.31% 6,769 $323K New
XEL Xcel Energy Inc. 0.30% 5,828 $311K New
CPT Camden Property Trust 0.30% 2,797 $305K New
IXJ iShares Global Healthcare Et 0.29% 3,221 $299K New
TXN Texas Instruments Inc. 0.28% 1,486 $289K New
MTD Mettler-Toledo International 0.28% 206 $288K New
NWS News Corp. Class B 0.27% 9,784 $278K New
CB Chubb Ltd. 0.27% 1,087 $277K New
ALGN Align Technology Inc. 0.27% 1,145 $276K New
PODD Insulet Corp. 0.26% 1,343 $271K New
GH Guardant Health Inc. 0.26% 9,350 $270K New
CSGP Costar Group Inc. 0.26% 3,621 $268K New
GWRE Guidewire Software Inc. 0.26% 1,942 $268K New
VYM Vanguard High DVD Yield ETF 0.26% 2,244 $266K New
EEFT Euronet Worldwide Inc. 0.25% 2,511 $260K New
MRK Merck & Co. Inc. 0.25% 2,075 $257K New
HAS Hasbro Inc. 0.24% 4,289 $251K New
IGLB iShares 10+ Year Inv GR Corp. 0.24% 4,898 $245K New
BRK.B Berkshire Hathaway Inc. Class B 0.23% 593 $241K New
CCOI Cogent Communications Holdin 0.23% 4,273 $241K New
NDSN Nordson Corp. 0.23% 1,036 $240K New
MTSI Macom Technology Solutions H 0.22% 2,015 $225K New
IWP iShares Russell Mid-Cap Grow 0.22% 2,035 $225K New
AMP Ameriprise Financial Inc. 0.22% 523 $223K New
SM SM Energy Co. 0.21% 5,120 $221K New
BURL Burlington Stores Inc. 0.21% 921 $221K New
EXAS Exact Sciences Corp. 0.21% 5,205 $220K New
RS Reliance Inc. 0.20% 727 $208K New
NLY Annaly Capital Management Inc. 0.20% 10,782 $206K New
VEEV Veeva Systems Inc. Class A 0.19% 1,098 $201K New
CVX Chevron Corp. 0.19% 1,280 $200K New
ARHS Arhaus Inc. 0.18% 10,831 $183K New
RIGL Rigel Pharmaceuticals Inc. 0.14% 17,094 $141K New
CMPX Compass Therapeutics Inc. 0.12% 124,394 $124K New
NG Novagold Resources Inc. 0.12% 35,814 $124K New
LILA Liberty Latin Americ Class A 0.12% 12,685 $122K New
UAA Under Armour Inc. Class A 0.11% 16,884 $113K New
INTT Intest Corp. 0.11% 11,337 $112K New
AUR Aurora Innovation Inc. 0.11% 40,336 $112K New
TELL Tellurian Inc. 0.10% 153,750 $106K New
QS Quantumscape Corp. 0.09% 19,410 $95K New
NPKI NPK International Inc. filed as NEWPARK RES INC 0.09% 10,973 $91K New
LICYQ Li-Cycle Holdings Corp. 0.09% 13,565 $89K New
SGMT Sagimet Biosciences Inc. Class A 0.07% 22,687 $78K New
SLDB Solid Biosciences Inc. 0.07% 13,469 $76K New
PLX Protalix Biotherapeutics Inc. 0.07% 62,234 $73K New
PDSB PDS Biotechnology Corp. 0.06% 22,700 $67K New
MAIA Maia Biotechnology Inc. 0.05% 16,460 $56K New
TELA Tela Bio Inc. 0.05% 11,319 $53K New
BIOAFFINITY TECHNOLOGIES INC 0.05% 22,864 $49K New
OM Outset Medical Inc. 0.05% 12,798 $49K New
GRANITESHARES ETF TR 0.05% 21,929 $48K Add +117.5%
PINEAPPLE ENERGY INC 0.05% 34,894 $47K New
COMP Compass Inc. Class A 0.04% 12,200 $44K New
VERI Veritone Inc. 0.04% 19,232 $43K New
OMGAQ Omega Therapeutics Inc. 0.04% 19,170 $40K New
GLATFELTER CORP 0.04% 27,496 $38K New
CRDF Cardiff Oncology Inc. 0.04% 17,098 $38K New
CUTRQ Cutera Inc. 0.04% 24,602 $37K New
BRBS Blue Ridge Bankshares Inc. 0.03% 13,655 $36K New
FNGR Fingermotion Inc. 0.03% 13,689 $35K New
EOSE Eos Energy Enterprises Inc. 0.03% 26,921 $34K New
ARBE Arbe Robotics Ltd. 0.03% 17,700 $34K New
BCAB Bioatla Inc. 0.03% 24,063 $33K New
NXDR Nextdoor Holdings Inc. 0.03% 10,772 $30K New
TSEOQ Trinseo PLC 0.03% 12,361 $29K New
VIVK Vivakor Inc. 0.03% 13,525 $27K New
EYENOVIA INC 0.03% 45,258 $27K New
INVZ Innoviz Technologies Ltd. 0.03% 28,523 $26K New
BIGGQ Big Lots Inc. 0.03% 14,967 $26K New
SATL Satellogic Inc. Class A 0.03% 24,622 $26K New
CRGO Freightos Ltd. 0.02% 10,046 $24K New
ARBK Argo Blockchain PLC 0.02% 20,725 $24K New
SES Ses AI Corp. 0.02% 19,025 $24K New
CUE Cue Biopharma Inc. 0.02% 18,428 $23K New
MRNS Marinus Pharmaceuticals Inc. 0.02% 19,316 $23K New
GRYPHON DIGITAL MNG INC 0.02% 18,477 $22K New
LAB Standard Biotools Inc. 0.02% 12,049 $21K New
GNLX Genelux Corp. 0.02% 10,808 $21K New
LEAFLY HOLDINGS INC 0.02% 10,428 $21K New
SEER Seer Inc. 0.02% 12,426 $21K New
VOR Vor Biopharma Inc. 0.02% 20,674 $21K New
LUMINAR TECHNOLOGIES INC 0.02% 13,633 $20K New
DRRX Durect Corporation 0.02% 14,260 $18K New
ACET Adicet Bio Inc. 0.02% 14,334 $17K New
BW Babcock & Wilcox Enterpr 0.02% 11,945 $17K New
ATOS Atossa Therapeutics Inc. 0.02% 14,466 $17K New
VANI Vivani Medical Inc. 0.02% 12,608 $16K New
ARBB Arb Iot Group Ltd. 0.02% 29,137 $16K New
ASM Avino Silver & Gold Mines 0.02% 17,417 $16K New
VNRX Volitionrx Ltd. 0.01% 25,710 $16K New
RR Richtech Robotics Inc. Class B 0.01% 11,636 $15K New
IMRX Immuneering Corp. Class A 0.01% 11,806 $15K New
MAXNQ Maxeon Solar Technologie 0.01% 17,513 $15K New
BTAIQ Bioxcel Therapeutics Inc. 0.01% 11,000 $14K New
BFLY Butterfly Network Inc. 0.01% 16,633 $14K New
AACG Ata Creativity Global - ADR 0.01% 16,239 $13K Reduce -3.8%
DRAGONFLY ENERGY HOLDINGS CO 0.01% 14,985 $13K New
BIODEXA PHARMACEUTICALS PLC 0.01% 13,078 $12K New
AMARIN CORP PLC 0.01% 16,144 $11K New
RGTI Rigetti Computing Inc. 0.01% 10,300 $11K New
NEGG Newegg Commerce Inc. 0.01% 11,355 $10K New
TRX TRX Gold Corp. 0.01% 24,118 $9K New
ESS TECH INC 0.01% 11,100 $9K New
HOOKIPA PHARMA INC 0.01% 12,471 $7K New
ZVIA Zevia PBC-A 0.01% 10,525 $7K New
VGZ Vista Gold Corp. 0.01% 15,150 $7K New
DANIMER SCIENTIFIC INC 0.01% 11,100 $7K New
TRAW Traws Pharma Inc. 0.01% 14,047 $6K New
VATE Innovate Corp. 0.01% 10,355 $6K New
APPLIED DNA SCIENCES INC 0.01% 15,250 $6K New
ZOMDF Zomedica Corp. 0.01% 42,482 $6K Reduce -84.5%
AGMH Agm Group Holdings Inc. Class A 0.01% 10,953 $6K New
THM Intl Tower Hill Mines Ltd. filed as INTERNATIONAL TOWER HILL MIN 0.01% 12,020 $6K New
MULTIPLAN CORP 0.01% 14,306 $6K New
FINANCE OF AMERICA COMPAN 0.01% 10,601 $5K New
LPTVQ Loop Media Inc. 0.00% 41,500 $4K New
KNIGHTSCOPE INC 0.00% 13,611 $4K New
ACLARION INC 0.00% 12,947 $4K New
AMERICAN WELL CORP 0.00% 11,000 $4K New
BENSON HILL INC 0.00% 12,250 $2K New

Options reported separately and not counted above: TLT calls ($22.9M), TSLA calls ($2.0M), CMG puts ($940K).

Other holdings (2): bonds, preferreds, convertibles and warrants · $5K (not counted above)
SecurityClassShares / PrincipalValueChange
MMVXF Multimetaverse Holdings -27 *W EXP 01/04/202 145,597$4KReduce -0.3%
HYMCW Hycroft Mining Holding *W EXP 05/29/202 105,240$2KReduce -19.5%

Total filed on the 13F, all lines: $103.4M.

Portfolio Sells Q1 2024 → Q2 2024
TLT iShares 20+ Year Treasury BD Reduce -61.6% 19.88% −38.05
XBI SS SPDR S&P Biotech ETF Sold out 0.00% −2.06
EDV Vanguard Extended Dur Treas Sold out 0.00% −1.05
IJR iShares Core S&P Small-Cap E Sold out 0.00% −1.00
PDD PDD Holdings Inc. Sold out 0.00% −0.99
IJH iShares Core S&P Midcap ETF Sold out 0.00% −0.99
SMCI Super Micro Computer Inc. Sold out 0.00% −0.76
SNPS Synopsys Inc. Sold out 0.00% −0.62
FPE FT-Preferred Secur & Inc. ETF Sold out 0.00% −0.59
EQIX Equinix Inc. Sold out 0.00% −0.59
TIP iShares Tips Bond ETF Sold out 0.00% −0.59
ADI Analog Devices Inc. Reduce -65.0% 0.34% −0.56
LQD Ishr Ibx Usd Invgd CB ETF-Ui Sold out 0.00% −0.48
URNM Sprott Uranium Miners ETF Sold out 0.00% −0.48
WTM White Mountains Insurance GP Sold out 0.00% −0.47
SWAV Shockwave Medical Inc. Sold out 0.00% −0.44
AOA iShares Core 80/20 Aggressiv Sold out 0.00% −0.43
NVR NVR Inc. Sold out 0.00% −0.42
HYS PIMCO 0-5 Year H/Y Corp. Bond Sold out 0.00% −0.41
RDDT Reddit Inc. Class A Sold out 0.00% −0.40
LECO Lincoln Electric Holdings Sold out 0.00% −0.40
ZROZ PIMCO 25+ YR Zero CPN US Tif Sold out 0.00% −0.35
VNQ Vanguard Real Estate ETF Sold out 0.00% −0.32
TT Trane Technologies PLC Sold out 0.00% −0.30
AEP American Electric Power Reduce -33.9% 0.49% −0.30
PGX Invesco Preferred ETF Sold out 0.00% −0.27
PINS Pinterest Inc. Class A Sold out 0.00% −0.27
TSM Taiwan Semiconductor-SP ADR Sold out 0.00% −0.26
CELH Celsius Holdings Inc. Sold out 0.00% −0.25
GTLB Gitlab Inc. Class A Sold out 0.00% −0.24
WEX Wex Inc. Sold out 0.00% −0.24
LAD Lithia Motors Inc. Sold out 0.00% −0.24
RH RH Sold out 0.00% −0.23
SNX TD Synnex Corp. Sold out 0.00% −0.23
CDNS Cadence Design SYS Inc. Sold out 0.00% −0.23
ACIC American Coastal Insurance C Sold out 0.00% −0.12
ICMB Investcorp Credit Management Sold out 0.00% −0.04
CTRM Castor Maritime Inc. Sold out 0.00% −0.04
GLDG Goldmining Inc. Sold out 0.00% −0.04
LCID Lucid Group Inc. Sold out 0.00% −0.04
ZOMDF Zomedica Corp. Reduce -84.5% 0.01% −0.04
WETH Wetouch Technology Inc. Sold out 0.00% −0.03
CHINA LIBERAL ED HLDGS LTD Sold out 0.00% −0.03
XNET Xunlei Ltd.-ADR Sold out 0.00% −0.03
EQ Equillium Inc. Sold out 0.00% −0.03
UNICYCIVE THERAPEUTICS INC Sold out 0.00% −0.03
PAAI Paradium AI Inc. Sold out 0.00% −0.02
DNN Denison Mines Corp. Sold out 0.00% −0.02
OPTINOSE INC Sold out 0.00% −0.02
INAB IN8BIO Inc. Sold out 0.00% −0.02

Portfolio Buys Q1 2024 → Q2 2024
IWM iShares Russell 2000 ETF Add +169.1% 24.11% +14.04
SPY SS SPDR S&P 500 ETF Trust-US Add +49.8% 17.52% +5.33
COST Costco Wholesale Corp. New 1.63% +1.63
ICLR Icon PLC New 1.61% +1.61
IWB iShares Russell 1000 ETF New 1.57% +1.57
PEP Pepsico Inc. New 1.16% +1.16
CRWD CrowdStrike Holdings Inc. Class A New 1.09% +1.09
IWV iShares Russell 3000 ETF New 1.08% +1.08
IWF iShares Russell 1000 Growth New 0.99% +0.99
MAR Marriott International Class A New 0.93% +0.93
GEHC GE Healthcare Technology New 0.91% +0.91
XOP SS SPDR S&P Og Exp & Prod New 0.90% +0.90
PTC PTC Inc. New 0.88% +0.88
WDAY Workday Inc. Class A New 0.70% +0.70
AAPL Apple Inc. New 0.64% +0.64
CART Maplebear Inc. New 0.60% +0.60
INTU Intuit Inc. New 0.58% +0.58
LULU Lululemon Athletica Inc. New 0.56% +0.56
MANH Manhattan Associates Inc. New 0.53% +0.53
FWONK Liberty Media Corp. Class C New 0.52% +0.52
ALAB Astera Labs Inc. New 0.51% +0.51
AXON Axon Enterprise Inc. Add +246.0% 0.70% +0.47
LSXMA Liberty Media Corp. Class A New New 0.47% +0.47
DIREXION DAILY SEMI BEAR 3X New 0.47% +0.47
CPRT Copart Inc. New 0.46% +0.46
VNOM Viper Energy Inc. New 0.45% +0.45
PCTY Paylocity Holding Corp. New 0.45% +0.45
AMAT Applied Materials Inc. New 0.44% +0.44
TTD Trade Desk Inc./the Class A New 0.41% +0.41
VRSN Verisign Inc. New 0.41% +0.41
ROST Ross Stores Inc. New 0.40% +0.40
KWEB Kranesh Csi China Internet New 0.39% +0.39
EURL Dir Da FTS Eur Bu 3X ETF-Usd New 0.38% +0.38
TNDM Tandem Diabetes Care Inc. New 0.38% +0.38
VOE Vngrd Mrngstr MD-Cap Val ETF New 0.38% +0.38
MIRM Mirum Pharmaceuticals Inc. New 0.36% +0.36
FANG Diamondback Energy Inc. New 0.33% +0.33
MDLZ Mondelez International Inc. Class A New 0.33% +0.33
DKS Dick's Sporting Goods Inc. New 0.33% +0.33
SPSB SS SPDR P St C Corp. ETF New 0.32% +0.32
PFG Principal Financial Group New 0.32% +0.32
ODFL Old Dominion Freight Line New 0.32% +0.32
VCTR Victory Capital Holding - A New 0.31% +0.31
XEL Xcel Energy Inc. New 0.30% +0.30
CPT Camden Property Trust New 0.30% +0.30
IXJ iShares Global Healthcare Et New 0.29% +0.29
TXN Texas Instruments Inc. New 0.28% +0.28
MTD Mettler-Toledo International New 0.28% +0.28
VRSK Verisk Analytics Inc. Add +80.0% 0.59% +0.28
NWS News Corp. Class B New 0.27% +0.27

Options Activity Q1 2024 → Q2 2024
TLT iShares 20+ Year Treasury BD call New 250,000 $22.9M
SPY SS SPDR S&P 500 ETF Trust-US put Sold out 25,000 $13.1Mbefore exit
TSLA Tesla Inc. call New 10,000 $2.0M
CMG Chipotle Mexican Grill Inc. call Sold out 15,000 $872Kbefore exit

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

Notes & Other Activity Q1 2024 → Q2 2024
MMVXF Multimetaverse Holdings -27 *W EXP 01/04/202 Reduce -0.3% 145,597 $4K
HYMCW Hycroft Mining Holding *W EXP 05/29/202 Reduce -19.5% 105,240 $2K

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 135$91.3MIVV, SPCX, IWM, ASML, CBRS
Q1 2026 108$48.3MVOO, QQQ, PPH, NVDA, AAPL
Q4 2025 83$48.5MQQQ, PNFP, NXPI, TLT, TSLA
Q3 2025 126$45.5MRSP, IWB, EFA, STIP, MSFT
Q2 2025 137$60.6MSPY, IWM, IWB, KRE, IXJ
Q1 2025 149$42.5MTLT, MCHP, COIN, NXPI, KOKU
Q4 2024 140$45.9MTLT, IWN, SPY, ADP, XOP
Q3 2024 142$70.0MTLT, MSFT, AAPL, SPGI, SBUX
Q2 2024 168$103.4MIWM, TLT, SPY, COST, ICLR
Q1 2024 68$95.4MTLT, SPY, IWM, XBI, EDV