Square Wave Capital, LLC

Q4 2025 13F-HR Holdings

Location
Brooklyn, NY
Holdings as of
12/31/2025
Date filed
2/17/2026
Form type
13F-HR
Num holdings
9
Total value ($000)
$430,222
Net value change ($000)
+156,919 (57.4%)
New positions
2
Sold out positions
1
Turnover %
22.3%
Sector allocation + QoQ delta (equities-only)
Prev filing: 11/14/2025 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q3 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
AMZN 43,094 NEW
GOOGL 37,497 NEW
FICO 28,485 67.3%
MAR 27,059 66.1%
MCO 21,707 58.0%
TW 10,149 21.9%
VEEV 8,155 16.9%
Top Reduces (Value $000, Stocks/ETFs)
IT -15,299 -100.0%
AXON -2,050 -40.4%
EFX -1,877 -5.0%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type