Ground Swell Capital, LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 6, 2025), Ground Swell Capital, LLC reported 126 stock positions worth $45.5 million. Its top holding was Invesco S&P 500 Equal Weight (RSP) at 4.0% of the portfolio, followed by iShares Russell 1000 ETF (IWB, 3.9%) and iShares MSCI Eafe ETF (EFA, 3.8%). Compared with Q2 2025, it opened 120 new positions, sold out of 131, added to 4 and reduced 2. The biggest buy was a new position in Invesco S&P 500 Equal Weight (RSP) and the biggest sale an exit from SS SPDR S&P 500 ETF Trust-US (SPY).
- Most Recent 13F
- Q2 2026
- Location
- FOLLY BEACH, SC
- CIK
- 0001534450
- Portfolio Value
- $45.5M (Q3 2025)
- SEC Filing
- 0001420506-25-003036 ↗ filed Nov 6, 2025
Holdings Value
Holdings 126 stocks · $45.5M
| RSP Invesco S&P 500 Equal Weight | 4.00% | 9,577 | $1.8M | New |
| IWB iShares Russell 1000 ETF | 3.89% | 4,840 | $1.8M | Add +70.3% |
| EFA iShares MSCI Eafe ETF | 3.76% | 18,318 | $1.7M | New |
| STIP iShares 0-5 Year Tips Bond E | 3.72% | 16,378 | $1.7M | New |
| MSFT Microsoft Corp. | 3.48% | 3,051 | $1.6M | New |
| ITOT iShares Core S&P Total U.S. | 2.56% | 8,004 | $1.2M | New |
| VSS Vanguard Ftse All Wo X-US SC | 2.51% | 8,013 | $1.1M | New |
| ALAB Astera Labs Inc. | 2.15% | 5,000 | $979K | New |
| VXF Vanguard Extended Market ETF | 2.11% | 4,593 | $961K | New |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | 1.92% | 7,827 | $872K | New |
| MDB Mongodb Inc. | 1.51% | 2,208 | $685K | New |
| NVR NVR Inc. | 1.48% | 84 | $675K | Add +110.0% |
| VPL Vanguard Ftse Pacific ETF | 1.44% | 7,477 | $657K | New |
| NTNX Nutanix Inc. Class A | 1.42% | 8,708 | $648K | New |
| CQQQ Invesco China Technology ETF | 1.39% | 10,675 | $630K | New |
| BIV Vanguard Intermediate-Term B | 1.35% | 7,877 | $615K | New |
| EXE Expand Energy Corp. | 1.32% | 5,637 | $599K | New |
| CRWV Coreweave Inc. Class A | 1.31% | 4,366 | $597K | Add +24.6% |
| IWD iShares Russell 1000 Value E | 1.31% | 2,925 | $596K | New |
| EXPE Expedia Group Inc. | 1.27% | 2,696 | $576K | New |
| REGN Regeneron Pharmaceuticals | 1.26% | 1,021 | $574K | New |
| NBIX Neurocrine Biosciences Inc. | 1.24% | 4,017 | $564K | New |
| VT Vanguard Tot World STK ETF | 1.23% | 4,059 | $559K | New |
| FNDA Schwab Fndmntl US SM Co. ETF | 1.13% | 16,428 | $512K | New |
| ALNY Alnylam Pharmaceuticals Inc. | 1.11% | 1,111 | $507K | New |
| SLYV SS SPDR S&P 600 SC Val ETF | 1.11% | 5,691 | $505K | New |
| FIVE Five Below | 1.10% | 3,246 | $502K | New |
| UTHR United Therapeutics Corp. | 1.10% | 1,191 | $499K | New |
| NTRA Natera Inc. | 1.09% | 3,078 | $495K | New |
| GILD Gilead Sciences Inc. | 1.08% | 4,440 | $493K | New |
| OLLI Ollie's Bargain Outlet Holdi | 1.06% | 3,749 | $481K | New |
| RGLD Royal Gold Inc. | 1.05% | 2,384 | $478K | New |
| MTCH Match Group Inc. | 1.04% | 13,403 | $473K | New |
| DASH DoorDash Inc. Class A | 1.00% | 1,679 | $457K | New |
| BLV Vanguard Long-Term Bond ETF | 1.00% | 6,397 | $453K | New |
| ROAD Construction Partners Inc. Class A | 0.99% | 3,558 | $452K | New |
| PSIX Power Solutions Internationa | 0.99% | 4,581 | $450K | New |
| FOX Fox Corp. Class B | 0.98% | 7,785 | $446K | New |
| SNDK Sandisk Corp. | 0.98% | 3,963 | $445K | New |
| STNE Stoneco Ltd. Class A | 0.94% | 22,681 | $429K | New |
| TMF Dir DLY 20+YR TR BL3X ETF-Ui | 0.92% | 10,431 | $419K | New |
| HALO Halozyme Therapeutics Inc. | 0.90% | 5,567 | $408K | New |
| SLYG SS SPDR S&P 600 SC GR ETF | 0.88% | 4,249 | $401K | New |
| TXRH Texas Roadhouse Inc. | 0.86% | 2,355 | $391K | New |
| ADP Automatic Data Processing | 0.86% | 1,326 | $389K | New |
| NWSA News Corp. Class A | 0.84% | 12,463 | $383K | New |
| CSCO Cisco Systems Inc. | 0.82% | 5,452 | $373K | New |
| SEIC Sei Investments Company | 0.79% | 4,250 | $361K | New |
| STX Seagate Technology Holdings | 0.79% | 1,512 | $357K | New |
| QCOM Qualcomm Inc. | 0.78% | 2,139 | $356K | New |
| XHB SS SPDR S&P Homebldrs ETF | 0.73% | 2,991 | $331K | New |
| CYBR Cyberark Software Ltd./Israel | 0.72% | 674 | $326K | New |
| SEB Seaboard Corp. | 0.69% | 86 | $314K | New |
| WDAY Workday Inc. Class A | 0.68% | 1,276 | $307K | New |
| LNWO Light & Wonder Inc. | 0.67% | 3,602 | $302K | New |
| Z Zillow Group Inc. Class C | 0.64% | 3,789 | $292K | New |
| CWST Casella Waste Systems Inc. Class A | 0.64% | 3,072 | $291K | New |
| CALM Cal-Maine Foods Inc. | 0.64% | 3,068 | $289K | New |
| WGS Genedx Holdings Corp. | 0.63% | 2,654 | $286K | New |
| ODFL Old Dominion Freight Line | 0.61% | 1,958 | $276K | New |
| CDTX Cidara Therapeutics Inc. | 0.60% | 2,867 | $275K | New |
| LPLA LPL Financial Holdings Inc. | 0.59% | 809 | $269K | New |
| FTAI Ftai Aviation Ltd. | 0.58% | 1,584 | $264K | New |
| VAW Vanguard Materials ETF | 0.57% | 1,266 | $259K | New |
| AMKR Amkor Technology Inc. | 0.57% | 9,110 | $259K | New |
| NEXN Nexxen International Ltd. | 0.57% | 27,784 | $257K | New |
| BSJP Invesco Bulletshares 2025 HY | 0.56% | 11,065 | $255K | New |
| MKL Markel Group Inc. | 0.55% | 131 | $250K | New |
| ESS Essex Property Trust Inc. | 0.54% | 918 | $246K | New |
| IWC iShares Micro-Cap ETF | 0.54% | 1,635 | $244K | New |
| ENPH Enphase Energy Inc. | 0.53% | 6,852 | $242K | New |
| IJR iShares Core S&P Small-Cap E | 0.52% | 1,992 | $237K | New |
| CRH CRH PLC | 0.52% | 1,964 | $235K | New |
| GDS GDS Holdings Ltd. - ADR filed as GDS HLDGS LTD | 0.51% | 6,008 | $233K | New |
| SAIL Sailpoint Inc. | 0.51% | 10,428 | $230K | New |
| GEMI Gemini Space Station Inc. Class A | 0.50% | 9,542 | $229K | New |
| CZR Caesars Entertainment Inc. | 0.50% | 8,368 | $226K | New |
| ALLY Ally Financial Inc. | 0.50% | 5,759 | $226K | New |
| CNOB Connectone Bancorp Inc. | 0.49% | 9,041 | $224K | New |
| LYV Live Nation Entertainment Inc. | 0.49% | 1,371 | $224K | New |
| BRZE Braze Inc. Class A | 0.48% | 7,726 | $220K | New |
| CRS Carpenter Technology | 0.48% | 890 | $219K | New |
| MANH Manhattan Associates Inc. | 0.48% | 1,064 | $218K | New |
| OMAB Grupo Aeroportuario Cen-ADR | 0.48% | 2,088 | $217K | New |
| TTWO Take-Two Interactive Softwre | 0.48% | 838 | $217K | New |
| WAY Waystar Holding Corp. | 0.47% | 5,624 | $213K | New |
| IEX Idex Corp. | 0.47% | 1,306 | $213K | New |
| TM Toyota Motor Corp. -Spon ADR | 0.46% | 1,102 | $211K | New |
| PCAR Paccar Inc. | 0.46% | 2,141 | $211K | New |
| TCHP T Rowe Price Blue Chip Growt | 0.46% | 4,269 | $209K | New |
| STE Steris PLC | 0.45% | 835 | $207K | New |
| IDCC Interdigital Inc. | 0.45% | 593 | $205K | New |
| MNDY Monday.com Ltd. | 0.45% | 1,052 | $204K | New |
| BA The Boeing Co. | 0.44% | 928 | $200K | New |
| TLNCU Talon Capital Corp. | 0.29% | 13,356 | $134K | New |
| EOSE Eos Energy Enterprises Inc. | 0.29% | 11,500 | $131K | New |
| NUAI New Era Energy & Digital Inc. | 0.18% | 43,259 | $80K | New |
| LSTA Lisata Therapeutics Inc. | 0.14% | 23,774 | $62K | New |
| CLVT Clarivate PLC | 0.10% | 12,221 | $47K | New |
| DHC Diversified Healthcare Trust | 0.10% | 10,235 | $45K | New |
Other holdings (5): bonds, preferreds, convertibles and warrants · $250K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | 184 | $227K | New |
| SPKWF Spark I Acquisition Corp.-28 | *W EXP 10/01/203 | 13,961 | $8K | New |
| DAAQW Digital Asset Acquisition-30 | *W EXP 04/01/203 | 13,044 | $7K | New |
| GCMGW GCM Grosvenor Inc. A -CW25 | *W EXP 11/17/202 | 10,598 | $6K | New |
| BAYAR Bayview Acquisition Corp. | RIGHT 11/17/2028 | 16,100 | $3K | New |
Total filed on the 13F, all lines: $45.7M.
Portfolio Sells Q2 2025 → Q3 2025
| SPY SS SPDR S&P 500 ETF Trust-US | Sold out | 0.00% | −53.21 |
| IWM iShares Russell 2000 ETF | Sold out | 0.00% | −10.98 |
| KRE SS SPDR S&P Regional Bank | Sold out | 0.00% | −1.49 |
| IXJ iShares Global Healthcare Et | Sold out | 0.00% | −1.12 |
| WTW Willis Towers Watson PLC | Sold out | 0.00% | −1.11 |
| KOKU Xtrackers MSCI Kokusai Eqty | Sold out | 0.00% | −1.08 |
| TMUS T-Mobile US Inc. | Sold out | 0.00% | −1.05 |
| SCHP Schwab U.S. Tips ETF | Sold out | 0.00% | −1.04 |
| CGCP Cap Group Core Plus Income | Sold out | 0.00% | −0.98 |
| IOO iShares Global 100 ETF | Sold out | 0.00% | −0.98 |
| IAU iShares Gold Trust | Sold out | 0.00% | −0.95 |
| ZBRA Zebra Technologies Corp. Class A | Sold out | 0.00% | −0.88 |
| SPSM SS SPDR P S&P 600 Small Cap | Sold out | 0.00% | −0.85 |
| ISRG Intuitive Surgical Inc. | Sold out | 0.00% | −0.75 |
| TIP iShares Tips Bond ETF | Sold out | 0.00% | −0.66 |
| MSCI MSCI Inc. | Sold out | 0.00% | −0.64 |
| ETSY Etsy Inc. | Sold out | 0.00% | −0.63 |
| HON Honeywell International Inc. | Sold out | 0.00% | −0.60 |
| ZS Zscaler Inc. | Sold out | 0.00% | −0.58 |
| PWR Quanta Services Inc. | Sold out | 0.00% | −0.54 |
| HIG Hartford Insurance Group Inc. | Sold out | 0.00% | −0.53 |
| SPYG SS SPDR P S&P 500 Growth ETF | Sold out | 0.00% | −0.53 |
| HSY The Hershey Co. | Sold out | 0.00% | −0.51 |
| IQLT iShares MSCI International Q | Sold out | 0.00% | −0.49 |
| BJRI Bj's Restaurants Inc. | Sold out | 0.00% | −0.48 |
| FLG Flagstar Bank NA | Sold out | 0.00% | −0.46 |
| TOL Toll Brothers Inc. | Sold out | 0.00% | −0.45 |
| SE Sea Ltd.-ADR | Sold out | 0.00% | −0.44 |
| ATO Atmos Energy Corp. | Sold out | 0.00% | −0.43 |
| TKR Timken Co. | Sold out | 0.00% | −0.43 |
| AMD Advanced Micro Devices | Sold out | 0.00% | −0.43 |
| MAR Marriott International Class A | Sold out | 0.00% | −0.42 |
| VRSK Verisk Analytics Inc. | Sold out | 0.00% | −0.42 |
| AME Ametek Inc. | Sold out | 0.00% | −0.42 |
| ITT Itt Inc. | Sold out | 0.00% | −0.41 |
| PBH Prestige Consumer Healthcare | Sold out | 0.00% | −0.39 |
| GLTR Abrdn Precious Metals Basket | Sold out | 0.00% | −0.39 |
| SSNC Ss&c Technologies Holdings | Sold out | 0.00% | −0.38 |
| PEGA Pegasystems Inc. | Sold out | 0.00% | −0.38 |
| DB Deutsche Bank AG-Registered | Sold out | 0.00% | −0.37 |
| ARW Arrow Electronics Inc. | Sold out | 0.00% | −0.37 |
| EWBC East West Bancorp Inc. | Sold out | 0.00% | −0.36 |
| SDGR Schrodinger Inc. | Sold out | 0.00% | −0.36 |
| AN Autonation Inc. | Sold out | 0.00% | −0.36 |
| LMT Lockheed Martin Corp. | Sold out | 0.00% | −0.36 |
| CHE Chemed Corp. | Sold out | 0.00% | −0.35 |
| BABA Alibaba Group Holding-SP ADR | Sold out | 0.00% | −0.34 |
| JNPR Juniper Networks Inc. | Sold out | 0.00% | −0.34 |
| TW Tradeweb Markets Inc. Class A | Sold out | 0.00% | −0.34 |
| RH RH | Sold out | 0.00% | −0.34 |
Portfolio Buys Q2 2025 → Q3 2025
| RSP Invesco S&P 500 Equal Weight | New | 4.00% | +4.00 |
| EFA iShares MSCI Eafe ETF | New | 3.76% | +3.76 |
| STIP iShares 0-5 Year Tips Bond E | New | 3.72% | +3.72 |
| MSFT Microsoft Corp. | New | 3.48% | +3.48 |
| ITOT iShares Core S&P Total U.S. | New | 2.56% | +2.56 |
| VSS Vanguard Ftse All Wo X-US SC | New | 2.51% | +2.51 |
| IWB iShares Russell 1000 ETF | Add +70.3% | 3.89% | +2.30 |
| ALAB Astera Labs Inc. | New | 2.15% | +2.15 |
| VXF Vanguard Extended Market ETF | New | 2.11% | +2.11 |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | New | 1.92% | +1.92 |
| MDB Mongodb Inc. | New | 1.51% | +1.51 |
| VPL Vanguard Ftse Pacific ETF | New | 1.44% | +1.44 |
| NTNX Nutanix Inc. Class A | New | 1.42% | +1.42 |
| CQQQ Invesco China Technology ETF | New | 1.39% | +1.39 |
| BIV Vanguard Intermediate-Term B | New | 1.35% | +1.35 |
| EXE Expand Energy Corp. | New | 1.32% | +1.32 |
| IWD iShares Russell 1000 Value E | New | 1.31% | +1.31 |
| EXPE Expedia Group Inc. | New | 1.27% | +1.27 |
| REGN Regeneron Pharmaceuticals | New | 1.26% | +1.26 |
| NBIX Neurocrine Biosciences Inc. | New | 1.24% | +1.24 |
| VT Vanguard Tot World STK ETF | New | 1.23% | +1.23 |
| FNDA Schwab Fndmntl US SM Co. ETF | New | 1.13% | +1.13 |
| ALNY Alnylam Pharmaceuticals Inc. | New | 1.11% | +1.11 |
| SLYV SS SPDR S&P 600 SC Val ETF | New | 1.11% | +1.11 |
| FIVE Five Below | New | 1.10% | +1.10 |
| UTHR United Therapeutics Corp. | New | 1.10% | +1.10 |
| NTRA Natera Inc. | New | 1.09% | +1.09 |
| GILD Gilead Sciences Inc. | New | 1.08% | +1.08 |
| OLLI Ollie's Bargain Outlet Holdi | New | 1.06% | +1.06 |
| RGLD Royal Gold Inc. | New | 1.05% | +1.05 |
| MTCH Match Group Inc. | New | 1.04% | +1.04 |
| DASH DoorDash Inc. Class A | New | 1.00% | +1.00 |
| BLV Vanguard Long-Term Bond ETF | New | 1.00% | +1.00 |
| NVR NVR Inc. | Add +110.0% | 1.48% | +1.00 |
| ROAD Construction Partners Inc. Class A | New | 0.99% | +0.99 |
| PSIX Power Solutions Internationa | New | 0.99% | +0.99 |
| FOX Fox Corp. Class B | New | 0.98% | +0.98 |
| SNDK Sandisk Corp. | New | 0.98% | +0.98 |
| STNE Stoneco Ltd. Class A | New | 0.94% | +0.94 |
| TMF Dir DLY 20+YR TR BL3X ETF-Ui | New | 0.92% | +0.92 |
| HALO Halozyme Therapeutics Inc. | New | 0.90% | +0.90 |
| SLYG SS SPDR S&P 600 SC GR ETF | New | 0.88% | +0.88 |
| TXRH Texas Roadhouse Inc. | New | 0.86% | +0.86 |
| ADP Automatic Data Processing | New | 0.86% | +0.86 |
| NWSA News Corp. Class A | New | 0.84% | +0.84 |
| CSCO Cisco Systems Inc. | New | 0.82% | +0.82 |
| SEIC Sei Investments Company | New | 0.79% | +0.79 |
| STX Seagate Technology Holdings | New | 0.79% | +0.79 |
| QCOM Qualcomm Inc. | New | 0.78% | +0.78 |
| XHB SS SPDR S&P Homebldrs ETF | New | 0.73% | +0.73 |
Options Activity Q2 2025 → Q3 2025
| CRCL Circle Internet Group Inc. | put | Sold out | 10,000 | $1.8Mbefore exit |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q2 2025 → Q3 2025
| ARES MANAGEMENT CORP (ARES 6.75 10/01/27 B) | 6.75 SE B PFD | Sold out | 5,665 | $300Kbefore exit |
| PG&E CORP (PCG 6 12/01/27 A) | PFD CONV SER A | Sold out | 7,546 | $284Kbefore exit |
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | New | 184 | $227K |
| SPKWF Spark I Acquisition Corp.-28 | *W EXP 10/01/203 | New | 13,961 | $8K |
| DAAQW Digital Asset Acquisition-30 | *W EXP 04/01/203 | New | 13,044 | $7K |
| DRDBW Roman DBDR Acquisition -30 | *W EXP 10/31/203 | Sold out | 11,380 | $6Kbefore exit |
| GCMGW GCM Grosvenor Inc. A -CW25 | *W EXP 11/17/202 | New | 10,598 | $6K |
| BAYAR Bayview Acquisition Corp. | RIGHT 11/17/2028 | New | 16,100 | $3K |
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 |