Square Wave Capital
BROOKLYN, NYfiles as Square Wave Capital, LLC
$670m in 11 US stocks at the end of 30 June 2026. The top 10 are 98.2% of the money. It changed about 30.7% of the portfolio this quarter.
Value
$670m
Stocks
11
Top 10 share
98.2%
Turnover
30.7%
What changed this quarter
New
Bought for the first time this quarter.
- IntelINTC4.8% of the fund
- FTAI AviationFTAI3.7% of the fund
Added
Bought more of a stock they already held.
- Micron TechnologyMU15.4% of the fund+241%
- ASML Holding NVASML14.2% of the fund+24%
- ATIATI13.1% of the fund+21%
- Marriott InternationalMAR12.8% of the fund+8%
- Amazon.comAMZN12.8% of the fund+36%
- Carpenter TechnologyCRS11.4% of the fund+169%
- AlphabetGOOGL5.9% of the fund+7%
Cut
Sold some of their stake.
- Tradeweb MarketsTW4.2% of the fund-43%
- MastecMTZ1.8% of the fund-51%
Sold out
Sold their entire stake.
- Moody'sMCO-100%
- Fair IsaacFICO-100%
- Veeva SystemsVEEV-100%
Holdings
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| Micron TechnologyMU | 15.4% | $103m | 89,600 | +241% |
| ASML Holding NVASML | 14.2% | $95m | 47,800 | +24% |
| ATIATI | 13.1% | $88m | 444,800 | +21% |
| Marriott InternationalMAR | 12.8% | $86m | 232,300 | +8% |
| Amazon.comAMZN | 12.8% | $86m | 358,800 | +36% |
| Carpenter TechnologyCRS | 11.4% | $76m | 123,800 | +169% |
| AlphabetGOOGL | 5.9% | $39m | 110,300 | +7% |
| IntelINTC | 4.8% | $32m | 228,100 | New |
| Tradeweb MarketsTW | 4.2% | $28m | 280,200 | -43% |
| FTAI AviationFTAI | 3.7% | $25m | 91,200 | New |
| MastecMTZ | 1.8% | $12m | 29,500 | -51% |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is up 542.9% since 30 June 2025.
Where the money is
Industrials40.5%
Retail & consumer25.6%
Technology23.9%
Media & telecom5.9%
Financial services4.2%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.