Ground Swell Capital, LLC
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), Ground Swell Capital, LLC reported 140 stock positions worth $45.9 million. Its top holding was iShares 20+ Year Treasury BD (TLT) at 19.6% of the portfolio, followed by iShares Russell 2000 Value E (IWN, 4.2%) and SS SPDR S&P 500 ETF Trust-US (SPY, 3.4%). Compared with Q3 2024, it opened 123 new positions, sold out of 125, added to 8 and reduced 9. The biggest buy was a new position in iShares Russell 2000 Value E (IWN) and the biggest sale Microsoft (MSFT, shares −95%).
- Most Recent 13F
- Q2 2026
- Location
- FOLLY BEACH, SC
- CIK
- 0001534450
- Portfolio Value
- $45.9M (Q4 2024)
- SEC Filing
- 0001420506-25-000478 ↗ filed Feb 14, 2025
Holdings Value
Holdings 140 stocks · $45.9M
| TLT iShares 20+ Year Treasury BD | 19.64% | 103,259 | $9.0M | Reduce -47.2% |
| IWN iShares Russell 2000 Value E | 4.23% | 11,841 | $1.9M | New |
| SPY SS SPDR S&P 500 ETF Trust-US | 3.37% | 2,638 | $1.5M | New |
| ADP Automatic Data Processing | 2.86% | 4,479 | $1.3M | New |
| XOP SS SPDR S&P Og Exp & Prod | 2.51% | 8,714 | $1.2M | New |
| GDX Vaneck Gold Miners ETF | 2.39% | 32,296 | $1.1M | New |
| OIH Vaneck Oil Services ETF | 2.30% | 3,899 | $1.1M | New |
| KOKU Xtrackers MSCI Kokusai Eqty | 2.03% | 9,278 | $931K | Add +123.4% |
| IWO iShares Russell 2000 Growth | 1.98% | 3,155 | $908K | New |
| TMUS T-Mobile US Inc. | 1.80% | 3,743 | $826K | New |
| ARKK ARK Innovation ETF | 1.78% | 14,373 | $816K | New |
| QLD Proshares Ultra QQQ | 1.66% | 7,051 | $763K | New |
| VTI VG Morningstar TS MKT ETF-US | 1.64% | 2,601 | $754K | New |
| NVDA Nvidia Corp. | 1.64% | 5,598 | $752K | New |
| PFGC Performance Food Group Co. | 1.44% | 7,799 | $659K | New |
| AAPL Apple Inc. | 1.31% | 2,394 | $600K | Reduce -71.8% |
| IWV iShares Russell 3000 ETF | 1.22% | 1,676 | $560K | New |
| SCHG Schwab US Large-Cap Growth | 1.16% | 19,145 | $534K | New |
| IWR iShares Russell Mid-Cap ETF | 1.14% | 5,921 | $523K | New |
| MSFT Microsoft Corp. | 1.07% | 1,169 | $493K | Reduce -94.6% |
| HYS PIMCO 0-5 Year H/Y Corp. Bond | 1.00% | 4,922 | $461K | New |
| MAR Marriott International Class A | 0.96% | 1,575 | $439K | New |
| SPTS SS SPDR P St Term TSY ETF | 0.90% | 14,223 | $413K | New |
| DASH DoorDash Inc. Class A | 0.88% | 2,419 | $406K | New |
| IONQ Ionq Inc. | 0.88% | 9,668 | $404K | Reduce -23.2% |
| PLTR Palantir Technologies Inc. Class A | 0.85% | 5,168 | $391K | New |
| SCHX Schwab US Large-Cap ETF | 0.85% | 16,766 | $389K | New |
| NVR NVR Inc. | 0.78% | 44 | $360K | New |
| XOM Exxon Mobil Corp. | 0.76% | 3,229 | $347K | New |
| IXJ iShares Global Healthcare Et | 0.75% | 4,017 | $345K | New |
| NDAQ Nasdaq Inc. | 0.72% | 4,305 | $333K | New |
| ITOT iShares Core S&P Total U.S. | 0.72% | 2,578 | $332K | New |
| PM Philip Morris International | 0.71% | 2,706 | $326K | New |
| AXON Axon Enterprise Inc. | 0.70% | 541 | $322K | New |
| XHB SS SPDR S&P Homebldrs ETF | 0.69% | 3,025 | $316K | New |
| WMT Walmart Inc. | 0.68% | 3,473 | $314K | New |
| UNH Unitedhealth Group Inc. | 0.68% | 614 | $311K | Add +64.6% |
| COIN Coinbase Global Inc. Class A | 0.67% | 1,233 | $306K | Reduce -82.2% |
| META Meta Platforms Inc. Class A | 0.66% | 517 | $303K | New |
| ACHR Archer Aviation Inc. Class A | 0.66% | 30,992 | $302K | New |
| GDXJ Vaneck Junior Gold Miners | 0.66% | 7,063 | $302K | New |
| FCNCA First Citizens Bcshs Class A | 0.65% | 142 | $300K | New |
| QQQ Invesco QQQ Trust Series 1 | 0.64% | 578 | $295K | New |
| WYNN WYNN Resorts Ltd. | 0.64% | 3,403 | $293K | New |
| V Visa Inc. Class A | 0.64% | 923 | $292K | New |
| VMC Vulcan Materials Co. | 0.61% | 1,093 | $281K | New |
| WAT Waters Corp. | 0.61% | 757 | $281K | New |
| JEF Jefferies Financial Group Inc. | 0.61% | 3,564 | $279K | New |
| LOW Lowe's Cos Inc. | 0.60% | 1,125 | $278K | New |
| AIG American International Group | 0.59% | 3,739 | $272K | New |
| GWW WW Grainger Inc. filed as GRAINGER W W INC | 0.59% | 257 | $271K | New |
| PDD PDD Holdings Inc. | 0.58% | 2,764 | $268K | Add +54.0% |
| UNM Unum Group | 0.58% | 3,665 | $268K | New |
| CHRW C.H. Robinson Worldwide Inc. | 0.58% | 2,586 | $267K | New |
| DPZ Domino's Pizza Inc. | 0.58% | 635 | $267K | New |
| LLY Eli Lilly & Co. | 0.58% | 345 | $266K | Add +17.8% |
| LYV Live Nation Entertainment Inc. | 0.58% | 2,051 | $266K | New |
| AX Axos Financial Inc. | 0.57% | 3,738 | $261K | New |
| CRS Carpenter Technology | 0.56% | 1,508 | $256K | New |
| PLD Prologis Inc. | 0.55% | 2,383 | $252K | New |
| AMLP Alerian MLP ETF | 0.55% | 5,224 | $252K | New |
| CHD Church & Dwight Co. Inc. | 0.55% | 2,402 | $252K | New |
| LMND Lemonade Inc. | 0.54% | 6,776 | $249K | New |
| USFD US Foods Holding Corp. | 0.53% | 3,600 | $243K | New |
| DLR Digital Realty Trust Inc. | 0.52% | 1,343 | $238K | New |
| OKE Oneok Inc. | 0.52% | 2,364 | $237K | New |
| RL Ralph Lauren Corp. | 0.51% | 1,021 | $236K | New |
| TRI Thomson Reuters Corp. | 0.51% | 1,463 | $235K | New |
| FRPT Freshpet Inc. | 0.50% | 1,561 | $231K | New |
| BRBR Bellring Brands Inc. | 0.50% | 3,061 | $231K | New |
| ABT Abbott Laboratories | 0.50% | 2,038 | $231K | New |
| SNOW Snowflake Inc. | 0.49% | 1,465 | $226K | Reduce -48.3% |
| XSD SS SPDR S&P Semiconductor | 0.49% | 905 | $225K | New |
| PNC PNC Financial Services Group | 0.49% | 1,164 | $224K | New |
| EA Electronic Arts Inc. | 0.49% | 1,532 | $224K | New |
| PNW Pinnacle West Capital | 0.49% | 2,637 | $224K | Reduce -12.5% |
| HRI Herc Holdings Inc. filed as HERC HLDGS INC | 0.47% | 1,148 | $217K | New |
| TIDAL TRUST II | 0.46% | 6,049 | $213K | New |
| SLYV SS SPDR S&P 600 SC Val ETF | 0.46% | 2,432 | $212K | New |
| DKS Dick's Sporting Goods Inc. | 0.46% | 921 | $211K | Reduce -29.1% |
| AXS Axis Capital Holdings Ltd. | 0.46% | 2,378 | $211K | New |
| NTSX Wisdomtree US Efficient Core | 0.44% | 4,347 | $203K | New |
| PBR.A Petroleo Brasil-SP Pref ADR | 0.43% | 16,719 | $198K | New |
| PR Permian Resources Corp. Class A | 0.41% | 13,001 | $187K | New |
| HLN Haleon PLC-ADR | 0.33% | 15,813 | $151K | New |
| NHS Neuberger High Yield Strateg | 0.26% | 15,662 | $117K | New |
| OGSP Obra High Grade Structured | 0.22% | 10,258 | $103K | New |
| WOLF Wolfspeed Inc. | 0.19% | 12,827 | $85K | Add +25.6% |
| BBAI Bigbear.ai Holdings Inc. | 0.16% | 16,331 | $73K | New |
| DCH Dauch Corporation filed as AMERICAN AXLE & MFG HLDGS IN | 0.13% | 10,415 | $61K | New |
| HL Hecla Mining Co. | 0.12% | 11,539 | $57K | New |
| WNW Meiwu Technology Co. Ltd. | 0.12% | 26,434 | $55K | New |
| NXU INC | 0.10% | 41,941 | $44K | New |
| CETX Cemtrex Inc. | 0.09% | 13,807 | $40K | New |
| LCID Lucid Group Inc. | 0.07% | 11,100 | $34K | New |
| WLGSF Wang & Lee Group Inc. | 0.07% | 17,906 | $33K | New |
| TNYA Tenaya Therapeutics Inc. | 0.07% | 22,262 | $32K | New |
| BFLY Butterfly Network Inc. | 0.07% | 10,192 | $32K | New |
| LESLIES INC | 0.07% | 14,241 | $32K | New |
| CCG Cheche Group Inc. | 0.06% | 33,344 | $29K | New |
Options reported separately and not counted above: TSLA calls ($8.1M), TLT calls ($4.4M), MSTR puts ($4.3M), MSTR calls ($2.9M), CMG puts ($905K).
Other holdings (2): bonds, preferreds, convertibles and warrants · $4K (not counted above)
Total filed on the 13F, all lines: $45.9M.
Portfolio Sells Q3 2024 → Q4 2024
| MSFT Microsoft Corp. | Reduce -94.6% | 1.07% | −12.23 |
| TLT iShares 20+ Year Treasury BD | Reduce -47.2% | 19.64% | −7.78 |
| SPGI S&P Global Inc. | Sold out | 0.00% | −2.10 |
| SBUX Starbucks Corp. | Sold out | 0.00% | −1.92 |
| ODFL Old Dominion Freight Line | Sold out | 0.00% | −1.90 |
| IWM iShares Russell 2000 ETF | Sold out | 0.00% | −1.69 |
| AAPL Apple Inc. | Reduce -71.8% | 1.31% | −1.52 |
| EWY iShares MSCI South Korea ETF | Sold out | 0.00% | −1.51 |
| DXCM Dexcom Inc. | Sold out | 0.00% | −1.46 |
| EWZ iShares MSCI Brazil ETF | Sold out | 0.00% | −1.40 |
| AMD Advanced Micro Devices | Sold out | 0.00% | −1.33 |
| EFA iShares MSCI Eafe ETF | Sold out | 0.00% | −1.30 |
| MDY State Street SPDR S&P Midcap | Sold out | 0.00% | −1.13 |
| IJH iShares Core S&P Midcap ETF | Sold out | 0.00% | −1.13 |
| COIN Coinbase Global Inc. Class A | Reduce -82.2% | 0.67% | −1.09 |
| ABNB Airbnb Inc. Class A | Sold out | 0.00% | −1.00 |
| TQQQ Proshares Ultrapro QQQ | Sold out | 0.00% | −0.99 |
| PANW Palo Alto Networks Inc. | Sold out | 0.00% | −0.98 |
| SMCI Super Micro Computer Inc. | Sold out | 0.00% | −0.97 |
| VSS Vanguard Ftse All Wo X-US SC | Sold out | 0.00% | −0.91 |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | Sold out | 0.00% | −0.89 |
| JNK SS SPDR BB High Yield Bond | Sold out | 0.00% | −0.77 |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | Sold out | 0.00% | −0.75 |
| WDC Western Digital Corp. | Sold out | 0.00% | −0.73 |
| KWEB Kranesh Csi China Internet | Sold out | 0.00% | −0.71 |
| CBRE CBRE Group Inc. Class A | Sold out | 0.00% | −0.70 |
| AMAT Applied Materials Inc. | Sold out | 0.00% | −0.68 |
| EWJ iShares MSCI Japan ETF | Sold out | 0.00% | −0.67 |
| CMCSA Comcast Corp. Class A | Sold out | 0.00% | −0.66 |
| CRWD CrowdStrike Holdings Inc. Class A | Sold out | 0.00% | −0.66 |
| SOLV Solventum Corp. | Sold out | 0.00% | −0.62 |
| MCO Moody's Corp. | Sold out | 0.00% | −0.61 |
| PG The Procter & Gamble Co. | Sold out | 0.00% | −0.56 |
| SPEM State Street SP PTF Em ETF | Sold out | 0.00% | −0.55 |
| NVO Novo-Nordisk A/S-Spons ADR | Sold out | 0.00% | −0.54 |
| ARM Arm Holdings PLC-ADR | Sold out | 0.00% | −0.54 |
| MA Mastercard Inc. Class A | Sold out | 0.00% | −0.49 |
| GS Goldman Sachs Group Inc. | Sold out | 0.00% | −0.47 |
| BRK.B Berkshire Hathaway Inc. Class B | Sold out | 0.00% | −0.47 |
| URNM Sprott Uranium Miners ETF | Sold out | 0.00% | −0.46 |
| AVY Avery Dennison Corp. | Sold out | 0.00% | −0.45 |
| DELL Dell Technologies -C | Sold out | 0.00% | −0.43 |
| MUSA Murphy USA Inc. | Sold out | 0.00% | −0.41 |
| INTC Intel Corp. | Sold out | 0.00% | −0.41 |
| CRL Charles River Laboratories | Sold out | 0.00% | −0.40 |
| BA The Boeing Co. | Sold out | 0.00% | −0.39 |
| KMB Kimberly-Clark Corp. | Sold out | 0.00% | −0.39 |
| DDM Proshares Ultra DOW30 | Sold out | 0.00% | −0.39 |
| URTH iShares MSCI World ETF | Sold out | 0.00% | −0.38 |
| AMZN Amazon.com Inc. | Sold out | 0.00% | −0.37 |
Portfolio Buys Q3 2024 → Q4 2024
| IWN iShares Russell 2000 Value E | New | 4.23% | +4.23 |
| SPY SS SPDR S&P 500 ETF Trust-US | New | 3.37% | +3.37 |
| ADP Automatic Data Processing | New | 2.86% | +2.86 |
| XOP SS SPDR S&P Og Exp & Prod | New | 2.51% | +2.51 |
| GDX Vaneck Gold Miners ETF | New | 2.39% | +2.39 |
| OIH Vaneck Oil Services ETF | New | 2.30% | +2.30 |
| IWO iShares Russell 2000 Growth | New | 1.98% | +1.98 |
| TMUS T-Mobile US Inc. | New | 1.80% | +1.80 |
| ARKK ARK Innovation ETF | New | 1.78% | +1.78 |
| QLD Proshares Ultra QQQ | New | 1.66% | +1.66 |
| VTI VG Morningstar TS MKT ETF-US | New | 1.64% | +1.64 |
| NVDA Nvidia Corp. | New | 1.64% | +1.64 |
| PFGC Performance Food Group Co. | New | 1.44% | +1.44 |
| KOKU Xtrackers MSCI Kokusai Eqty | Add +123.4% | 2.03% | +1.43 |
| IWV iShares Russell 3000 ETF | New | 1.22% | +1.22 |
| SCHG Schwab US Large-Cap Growth | New | 1.16% | +1.16 |
| IWR iShares Russell Mid-Cap ETF | New | 1.14% | +1.14 |
| HYS PIMCO 0-5 Year H/Y Corp. Bond | New | 1.00% | +1.00 |
| MAR Marriott International Class A | New | 0.96% | +0.96 |
| SPTS SS SPDR P St Term TSY ETF | New | 0.90% | +0.90 |
| DASH DoorDash Inc. Class A | New | 0.88% | +0.88 |
| PLTR Palantir Technologies Inc. Class A | New | 0.85% | +0.85 |
| SCHX Schwab US Large-Cap ETF | New | 0.85% | +0.85 |
| NVR NVR Inc. | New | 0.78% | +0.78 |
| XOM Exxon Mobil Corp. | New | 0.76% | +0.76 |
| IXJ iShares Global Healthcare Et | New | 0.75% | +0.75 |
| NDAQ Nasdaq Inc. | New | 0.72% | +0.72 |
| ITOT iShares Core S&P Total U.S. | New | 0.72% | +0.72 |
| PM Philip Morris International | New | 0.71% | +0.71 |
| AXON Axon Enterprise Inc. | New | 0.70% | +0.70 |
| XHB SS SPDR S&P Homebldrs ETF | New | 0.69% | +0.69 |
| WMT Walmart Inc. | New | 0.68% | +0.68 |
| META Meta Platforms Inc. Class A | New | 0.66% | +0.66 |
| ACHR Archer Aviation Inc. Class A | New | 0.66% | +0.66 |
| GDXJ Vaneck Junior Gold Miners | New | 0.66% | +0.66 |
| FCNCA First Citizens Bcshs Class A | New | 0.65% | +0.65 |
| QQQ Invesco QQQ Trust Series 1 | New | 0.64% | +0.64 |
| WYNN WYNN Resorts Ltd. | New | 0.64% | +0.64 |
| V Visa Inc. Class A | New | 0.64% | +0.64 |
| VMC Vulcan Materials Co. | New | 0.61% | +0.61 |
| WAT Waters Corp. | New | 0.61% | +0.61 |
| JEF Jefferies Financial Group Inc. | New | 0.61% | +0.61 |
| LOW Lowe's Cos Inc. | New | 0.60% | +0.60 |
| AIG American International Group | New | 0.59% | +0.59 |
| GWW WW Grainger Inc. | New | 0.59% | +0.59 |
| UNM Unum Group | New | 0.58% | +0.58 |
| CHRW C.H. Robinson Worldwide Inc. | New | 0.58% | +0.58 |
| DPZ Domino's Pizza Inc. | New | 0.58% | +0.58 |
| LYV Live Nation Entertainment Inc. | New | 0.58% | +0.58 |
| AX Axos Financial Inc. | New | 0.57% | +0.57 |
Options Activity Q3 2024 → Q4 2024
| IWM iShares Russell 2000 ETF | call | Sold out | 60,000 | $13.3Mbefore exit |
| QQQ Invesco QQQ Trust Series 1 | call | Sold out | 20,000 | $9.8Mbefore exit |
| NVDA Nvidia Corp. | call | Sold out | 75,000 | $9.1Mbefore exit |
| TSLA Tesla Inc. | call | New | 20,000 | $8.1M |
| INTC Intel Corp. | call | Sold out | 250,000 | $5.9Mbefore exit |
| TLT iShares 20+ Year Treasury BD | call | New | 50,000 | $4.4M |
| MSTR Strategy Inc. | put | New | 15,000 | $4.3M |
| NVDA Nvidia Corp. | put | Sold out | 25,000 | $3.0Mbefore exit |
| MSTR Strategy Inc. | call | New | 10,000 | $2.9M |
| FXI iShares China Large-Cap ETF | call | Sold out | 50,000 | $1.6Mbefore exit |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q3 2024 → Q4 2024
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | Sold out | 201 | $256Kbefore exit |
| MMVXF Multimetaverse Holdings -27 | *W EXP 01/04/202 | Reduce -0.0% | 145,402 | $4K |
| HYMCW Hycroft Mining Holding | *W EXP 05/29/202 | Add +4.3% | 108,016 | $583 |
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 |