Ground Swell Capital, LLC
Long book
$50.7M
Q1 2026
Positions
122
Top-10 weight
57%
concentration
Last quarter
+20.6%
SPY +14.8%
Turnover
96%
of book per quarter
Strategy in plain words
auto-generated from filingsGround Swell Capital, LLC is a wealth-management firm allocating client money, running a $50.7M US long book across 122 positions.
The portfolio is concentrated: the top 10 names carry 57% of the portfolio. Turnover is high — positions rotate quickly, so individual names matter less than the process. Current anchor positions: VANGUARD S&P 500 ETF, INVESCO QQQ TRUST SERIES 1, VANECK PHARMACEUTICAL ETF, NVIDIA CORP, APPLE INC.
Over the last 9 quarters its long book ran on average 0.2pp per quarter ahead of the S&P 500, beating the index in 5 of 9 quarters. Its holdings are mechanical (indexing / client flows), so position changes carry no stock-picking signal.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
-1.0%
Q2 2024
+7.1%
Q3 2024
-3.1%
Q4 2024
-1.5%
Q1 2025
+15.2%
Q2 2025
+8.5%
Q3 2025
+1.6%
Q4 2025
-5.4%
Q1 2026
+20.6%
Sector allocation
Technology 41%
Healthcare 17%
Other 14%
Industrials 10%
Utilities 7%
Communications 5%
Financials 3%
Consumer discretionary 1%
Long book by quarter
What does Ground Swell own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| NVDA NVIDIA CORP | Technology | 8.9K | $1.6M | 3.1% | New |
| AAPL APPLE INC | Technology | 6.0K | $1.5M | 3.0% | +442.9% |
| DUOL DUOLINGO | Technology | 10.0K | $986K | 1.9% | New |
| EVRG EVERGY INC | Utilities | 9.7K | $798K | 1.6% | New |
| CHTR CHARTER COMMUNICATIONS INC-A | Communications | 3.6K | $787K | 1.6% | New |
| META META PLATFORMS INC-CLASS A | Technology | 1.3K | $734K | 1.4% | New |
| ISRG INTUITIVE SURGICAL INC | Healthcare | 1.6K | $732K | 1.4% | +131.5% |
| SNDK SANDISK CORP | Technology | 1.1K | $717K | 1.4% | New |
| AMD ADVANCED MICRO DEVICES | Technology | 3.0K | $604K | 1.2% | +48.6% |
| TSLA TESLA INC | Industrials | 1.5K | $568K | 1.1% | +2.9% |
| IONS IONIS PHARMACEUTICALS INC | Healthcare | 7.3K | $547K | 1.1% | New |
| NVMI NOVA LTD | Other | 1.2K | $532K | 1.1% | New |
| ORCL ORACLE CORP | Technology | 11.8K | $530K | 1.0% | New |
| NBIX NEUROCRINE BIOSCIENCES INC | Healthcare | 3.8K | $496K | 1.0% | New |
| ENTG ENTEGRIS INC | Other | 4.1K | $479K | 0.9% | New |
| TER TERADYNE INC | Technology | 1.6K | $474K | 0.9% | -2.0% |
| WHR 8.5 02/15/29 A WHIRLPOOL CORP | — | 11.1K | $454K | 0.9% | New |
| ALAB ASTERA LABS INC | Technology | 4.0K | $441K | 0.9% | New |
| APO 6.75 07/31/26 APOLLO GLOBAL MANAGEMENT | — | 7.3K | $425K | 0.8% | New |
| ANAB ANAPTYSBIO INC | Healthcare | 7.6K | $422K | 0.8% | New |
| MAZE MAZE THERAPEUTICS INC | Healthcare | 13.6K | $406K | 0.8% | New |
| CME CME GROUP INC | Financials | 1.1K | $326K | 0.6% | New |
| ZBRA ZEBRA TECHNOLOGIES CORP-CL A | Industrials | 1.5K | $317K | 0.6% | New |
| RMBS RAMBUS INC | Technology | 3.6K | $311K | 0.6% | New |
| LSCC LATTICE SEMICONDUCTOR CORP | Technology | 3.2K | $295K | 0.6% | New |
| AGIO AGIOS PHARMACEUTICALS INC | Healthcare | 8.3K | $282K | 0.6% | New |
| EXPD EXPEDITORS INTL WASH INC | Industrials | 1.8K | $264K | 0.5% | New |
| RDNT RADNET INC | Healthcare | 4.7K | $263K | 0.5% | New |
| MOG/A MOOG INC-CLASS A | Industrials | 887 | $260K | 0.5% | New |
| PCG PG&E CORP | Utilities | 5.7K | $246K | 0.5% | New |
| MSTR 8 PERP STRATEGY INC | — | 3.5K | $245K | 0.5% | New |
| GD GENERAL DYNAMICS CORP | Industrials | 703 | $241K | 0.5% | New |
| MASI* MASIMO CORP | — | 1.3K | $235K | 0.5% | New |
| NWS NEWS CORP - CLASS B | Other | 8.2K | $234K | 0.5% | New |
| GSAT GLOBALSTAR INC | Communications | 3.5K | $232K | 0.5% | New |
| BWXT BWX TECHNOLOGIES INC | Industrials | 1.1K | $229K | 0.5% | New |
| VST VISTRA CORP | Utilities | 1.5K | $229K | 0.5% | New |
| TW TRADEWEB MARKETS INC-CLASS A | Financials | 1.9K | $224K | 0.4% | New |
| TMO THERMO FISHER SCIENTIFIC INC | Other | 456 | $224K | 0.4% | New |
| WFC 7.5 PERP L WELLS FARGO & COMPANY | — | 193 | $223K | 0.4% | New |
| AROC ARCHROCK INC | Utilities | 6.3K | $218K | 0.4% | New |
| ICLR ICON PLC | Healthcare | 1.9K | $209K | 0.4% | New |
| YUMC YUM CHINA HOLDINGS INC | Consumer discretionary | 4.2K | $206K | 0.4% | New |
| MTD METTLER-TOLEDO INTERNATIONAL | Healthcare | 162 | $204K | 0.4% | New |
| MCHP MICROCHIP TECHNOLOGY INC | Technology | 3.5K | $201K | 0.4% | New |
| ONDS ONDAS INC | Technology | 20.2K | $183K | 0.4% | -50.3% |
| FLNC FLUENCE ENERGY INC | Technology | 12.6K | $174K | 0.3% | New |
| CIFR CIPHER DIGITAL INC | Financials | 11.5K | $148K | 0.3% | New |
| JOBY JOBY AVIATION INC | Industrials | 16.9K | $139K | 0.3% | New |
| UPWK UPWORK INC | Technology | 10.6K | $116K | 0.2% | New |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 21, 2026 | 122 | $50.7M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 4, 2026 | 87 | $48.6M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 6, 2025 | 131 | $45.7M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 31, 2025 | 141 | $63.0M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 13, 2025 | 155 | $46.5M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 147 | $66.5M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 29, 2024 | 155 | $113.7M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 7, 2024 | 173 | $129.2M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 14, 2024 | 73 | $110.2M | canonical | SEC ↗ |