Square Wave Capital, LLC
•CIK: 2077145•Filing: Q4 2025
**Square Wave Capital, LLC** manages $430M across a concentrated portfolio of nine positions. The fund exhibits significant conviction in key names, with top holdings including FICO ($70.8M) and MAR ($68.0M). Notable allocations also feature DUT ($59.1M), TW ($56.5M), and VEEV ($56.4M), suggesting a focus on sector-specific growth opportunities. This structure indicates a highly selective, large-cap tilt within its current mandate.
Total AUM
$430.2M
QoQ Performance
+57.4%
Positions
9
Top 10 Concentration
100.0%
Latest Filing
Q4 2025
Top Holdings Allocation
FICO
MAR
DUT
TW
VEEV
AMZN
GOOGL
EFX
FICO16.5%
MAR15.8%
DUT13.7%
TW13.1%
VEEV13.1%
AMZN10.0%
GOOGL8.7%
EFX8.3%
📈 Biggest Buys
📉 Biggest Sells
AXON
AXON ENTERPRISE INC
-24.7%
0.7% of portfolio
Sector Breakdown
Other65.5%
Consumer25.8%
Technology8.7%
🚪 Exited Positionssold since Q3 2025
Changes from Q3 2025
NEW2 new positions
↑6 increased
↓1 decreased
Historical Filings
Q4 2025Q3 2025Q2 2025