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Square Wave Partners, L.P. Historical SEC 13F Holdings & Archive (Q1 2025)
Square Wave Partners, L.P.CIK: 0001947907
Sector-focusedQuality / disciplined sizingLong-term holder
Total reported value
$93.4M
Reporting period: 2025-03-31 · Number of holdings: 8
Square Wave Partners, L.P. disclosed 8 holdings in its latest 13F filing for the period ending 2025-03-31, with total reported value of $93.4M and a quarterly turnover rate of 0.0%.
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Personality snowflake
- Concentration
- 56.38
- Portfolio Stability
- 0
- Momentum
- 50
- Sector conviction
- 100
- Diversification
- 16
- Sizing Uniformity
- 96.18
Square Wave Partners, L.P.'s disclosed holdings carry a Herfindahl concentration index of 0.141 — mathematically equivalent to about 7 equally-sized positions, close to its 8 actual disclosed holdings. Value is spread relatively evenly across the portfolio rather than concentrated in a handful of names.
Position sizes are fairly uniform across the portfolio (a coefficient of variation of 0.38), suggesting a disciplined, rules-based approach to how much capital goes into each idea.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Sector classification currently covers about 14% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govNo holding changes this quarter
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | TW | Tradeweb Markets Inc-class A | Stock-Financials | 16.88% | — | +7.23% | |
| 2 | FICO | Fair Isaac CORP | Stock-Tech | 15.82% | — | +3.07% | |
| 3 | EFX | Equifax Inc | Stock-Industrials | 14.94% | — | +21.92% | |
| 4 | AXON | Axon Enterprise Inc | Stock-Industrials | 13.86% | — | -15.01% | |
| 5 | IT | Gartner Inc | Stock-Tech | 12.69% | — | +7.48% | |
| 6 | VEEV | Veeva Systems Inc-class A | Stock-Healthcare | 12.28% | — | -28.00% | |
| 7 | MCO | Moody's CORP | Stock-Financials | 12.04% | — | -2.36% | |
| 8 | CRM | Salesforce Inc | Stock-Tech | 1.49% | — | -75.79% |
Portfolio Performance
Performance for Q3 2026
+20.1%
Performance Last 4 Quarters
-12.9%
- Stdev
- +22%
- Beta
- +0.46
- Alpha
- -17.5%
- Max Drawdown
- -38.6%
- Annualized Perf
- -10.6%
- Batting Avg vs S&P
- +44.4%
- Sortino
- -0.55
- Stutzer
- -0.12
- Treynor
- -0.19
- Sterling
- -0.27
- Calmar
- -0.27
- Information Ratio
- -1.25
- Tracking Error
- +22.3%
- Stdev Down
- +16%
- Winning Months %
- +50%
- Losing Months %
- +50%
- Best 12 Months
- -12.9%
- Worst 12 Months
- -35.5%
- Efficiency Ratio
- +0.18
- Sharpe
- -0.4
- Stdev Sectors
- +39%
- Skewness
- +0.4
- Kurtosis
- +0.43
- Upside Potential
- +1.51
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
* This report is exclusively curated by the AlphaSMO team. AlphaSMO is the web's most authoritative 13F / Inside Trader database, delivering precise insider trading and institutional holdings insights.
Holding changes this quarter
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|
Filing History
FAQ
What is Square Wave Partners, L.P. and what type of investor is it?
Square Wave Partners, L.P. is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2025-03-31), the firm manages a tracked equity portfolio valued at approximately $93.4M, spread across 8 disclosed positions.
What are Square Wave Partners, L.P.'s largest equity positions?
Based on the latest 13F filing, Square Wave Partners, L.P.'s top holdings by market value are:
1. Tradeweb Markets Inc-class A (TW) — $15.8M (16.9%)
2. Fair Isaac CORP (FICO) — $14.8M (15.8%)
3. Equifax Inc (EFX) — $14.0M (14.9%)
4. Axon Enterprise Inc (AXON) — $13.0M (13.9%)
5. Gartner Inc (IT) — $11.9M (12.7%)
What changes did Square Wave Partners, L.P. make in its most recent portfolio filing?
No notable portfolio changes were recorded for Square Wave Partners, L.P. in the most recent quarter. Holdings appear to have remained relatively stable.
What sectors does Square Wave Partners, L.P. focus on?
Square Wave Partners, L.P. is concentrated in the following sectors based on its current disclosed equity portfolio:
• Financials: 89.0%
• Information Technology: 11.0%
Investment Profile
Square Wave Partners, L.P. returned an annualized -10.6% over the trailing 18 months — underperforming the S&P 500 by 17.5 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.46 (less volatile than the market) and a 44% quarterly batting average against the index.
Its portfolio is moderately concentrated and long-term-holding, with 89.0% of the portfolio concentrated in Financials.
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Developer Access
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