SW
Square Wave Capital, LLC
Momentum followerHigh-turnover traderQuality / disciplined sizing
Total reported value
$413.4M
Reporting period: 2026-03-31 · Number of holdings: 12
Square Wave Capital, LLC disclosed 12 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $413.4M and a quarterly turnover rate of 82.9%.
Personality snowflake
- Concentration
- 46.64
- Portfolio Stability
- 82.93
- Momentum/Contrarian
- 100
- Sector conviction
- 67.67
- Diversification
- 24
- Sizing Uniformity
- 93.4
Recent moves
Trim FICO
-83.1% -$63.3M
Trim VEEV
-90.0% -$51.9M
Trim MCO
-25.2% -$21.4M
Add AMZN
+41.1% $11.8M
Trim GOOGL
-14.2% -$7.9M
Add MAR
-2.2% $2.1M
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 | MAR | Marriott International -cl A | Stock-Consumer Disc | 16.95% | +1.15% | -2.22% | |
| 2 | TW | Tradeweb Markets Inc-class A | Stock-Financials | 14.08% | +0.94% | -5.86% | |
| 3 | AMZN | Amazon.com INC | Stock-Consumer Disc | 13.27% | +3.25% | +41.08% | |
| 4 | ATI | Ati INC | Stock-Industrials | 12.89% | +12.89% | NEW | |
| 5 | ASML | ASML Holding N.V. | Stock-Tech | 12.37% | +12.37% | NEW | |
| 6 | MCO | Moody's CORP | Stock-Financials | 9.13% | -4.61% | -25.24% | |
| 7 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 7.15% | -1.57% | -14.19% | |
| 8 | MTZ | Mastec INC | Stock-Industrials | 4.72% | +4.72% | NEW | |
| 9 | CRS | Carpenter Technology | Stock-Industrials | 4.39% | +4.39% | NEW | |
| 10 | MU | Micron Technology INC | Stock-Tech | 2.15% | +2.15% | NEW | |
| 11 | FICO | Fair Isaac CORP | Stock-Tech | 1.83% | -14.64% | -83.05% | |
| 12 | VEEV | Veeva Systems Inc-class A | Stock-Healthcare | 1.07% | -12.03% | -90.02% |
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
Holding changes this quarter
Square Wave Capital, LLC's most significant position changes for 2026-03-31: New buy: Ati INC (ATI); New buy: ASML Holding N.V. (ASML); Sold out: Equifax INC (EFX); New buy: Mastec INC (MTZ); New buy: Carpenter Technology (CRS).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | AMZN | Amazon.com INC | +3.3% | +41.08% | Add |
| 2 | MAR | Marriott International -cl A | +1.2% | -2.22% | Trim |
| 3 | TW | Tradeweb Markets Inc-class A | +0.9% | -5.86% | Trim |
| 4 | GOOGL | Alphabet Inc-cl A | -1.6% | -14.19% | Trim |
| 5 | MCO | Moody's CORP | -4.6% | -25.24% | Trim |
| 6 | VEEV | Veeva Systems Inc-class A | -12% | -90.02% | Trim |
| 7 | FICO | Fair Isaac CORP | -14.6% | -83.05% | Trim |
| 8 | ATI | Ati INC | — | NEW | New buy |
| 9 | ASML | ASML Holding N.V. | — | NEW | New buy |
| 10 | EFX | Equifax INC | — | EXIT | Sold out |
| 11 | MTZ | Mastec INC | — | NEW | New buy |
| 12 | CRS | Carpenter Technology | — | NEW | New buy |
| 13 | MU | Micron Technology INC | — | NEW | New buy |
| 14 | AXON | Axon Enterprise INC | — | EXIT | Sold out |
FAQ
What is Square Wave Capital, LLC and what type of investor is it?
Square Wave Capital, LLC is a investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-03-31), the firm manages a tracked equity portfolio valued at approximately $413.4M, spread across 12 disclosed positions.
What are Square Wave Capital, LLC's largest equity positions?
Based on the latest 13F filing, Square Wave Capital, LLC's top holdings by market value are:
1. Marriott International -cl A (MAR) — $70.1M (16.9%)
2. Tradeweb Markets Inc-class A (TW) — $58.2M (14.1%)
3. Amazon.com INC (AMZN) — $54.9M (13.3%)
4. Ati INC (ATI) — $53.3M (12.9%)
5. ASML Holding N.V. (ASML) — $51.1M (12.4%)
What changes did Square Wave Capital, LLC make in its most recent portfolio filing?
In the latest reported quarter, Square Wave Capital, LLC made 14 notable position adjustments: 5 new positions were initiated, 1 existing holdings were added to, 6 positions were partially reduced, and 2 were completely exited. The largest of these moves: New buy: Ati INC (ATI); New buy: ASML Holding N.V. (ASML); Sold out: Equifax INC (EFX); New buy: Mastec INC (MTZ); New buy: Carpenter Technology (CRS)
What sectors does Square Wave Capital, LLC focus on?
Square Wave Capital, LLC is concentrated in the following sectors based on its current disclosed equity portfolio:
• Consumer Discretionary: 30.2%
• Financials: 23.2%
• Industrials: 22.0%
• Information Technology: 16.4%
• Communication Services: 7.2%
• Health Care: 1.1%