Red Wave Investments LLC
Long book
$334.6M
Q1 2026
Positions
111
Top-10 weight
57%
concentration
Last quarter
+10.8%
SPY +14.8%
Turnover
18%
of book per quarter
Strategy in plain words
auto-generated from filingsRed Wave Investments LLC is a wealth-management firm allocating client money, running a $334.6M US long book across 111 positions.
The portfolio is concentrated: the top 10 names carry 57% of the portfolio. Turnover is modest: positions are typically held for years. Current anchor positions: VANGUARD TOTAL STOCK MKT ETF, VANGUARD ULTRA SHORT BOND ET, VANGUARD 0-3M T-BILL ETF, INVESCO QQQ TRUST SERIES 1, VANGUARD TOT WORLD STK ETF.
Over the last 9 quarters its long book ran on average 0.8pp per quarter behind the S&P 500, beating the index in 3 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
+2.7%
Q2 2024
+6.0%
Q3 2024
+0.6%
Q4 2024
-2.4%
Q1 2025
+8.2%
Q2 2025
+6.3%
Q3 2025
+2.2%
Q4 2025
-1.6%
Q1 2026
+10.8%
Sector allocation
Technology 36%
Financials 19%
Consumer discretionary 14%
Industrials 11%
Healthcare 6%
Services media 4%
Energy 3%
Other 3%
Long book by quarter
What does Red Wave own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| CHYM CHIME FINANCIAL INC-CL A | Financials | 373.2K | $7.0M | 2.1% | New |
| AAPL APPLE INC | Technology | 23.3K | $5.9M | 1.8% | -0.3% |
| NVDA NVIDIA CORP | Technology | 31.1K | $5.4M | 1.6% | -0.4% |
| FLY FIREFLY AEROSPACE INC | Industrials | 148.3K | $4.2M | 1.3% | New |
| MSFT MICROSOFT CORP | Technology | 8.0K | $2.9M | 0.9% | Held |
| GOOGL ALPHABET INC-CL A | Technology | 7.8K | $2.2M | 0.7% | +0.5% |
| AMZN AMAZON.COM INC | Consumer discretionary | 10.3K | $2.1M | 0.6% | +1.0% |
| WMT WALMART INC | Consumer discretionary | 17.1K | $2.1M | 0.6% | -0.3% |
| HD HOME DEPOT INC | Consumer discretionary | 6.1K | $2.0M | 0.6% | -0.2% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 1.8K | $1.8M | 0.5% | -0.7% |
| XOM EXXON MOBIL CORP | Energy | 10.1K | $1.7M | 0.5% | Held |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 3.5K | $1.7M | 0.5% | -0.3% |
| JPM JPMORGAN CHASE & CO | Financials | 4.7K | $1.4M | 0.4% | 0.0% |
| AVGO BROADCOM INC | Technology | 4.4K | $1.4M | 0.4% | +1.9% |
| MA MASTERCARD INC - A | Services media | 2.7K | $1.3M | 0.4% | Held |
| GOOG ALPHABET INC-CL C | Technology | 4.3K | $1.2M | 0.4% | +0.7% |
| JNJ JOHNSON & JOHNSON | Healthcare | 4.4K | $1.1M | 0.3% | -1.1% |
| META META PLATFORMS INC-CLASS A | Technology | 1.7K | $981K | 0.3% | +3.1% |
| TSLA TESLA INC | Industrials | 2.6K | $963K | 0.3% | +18.0% |
| MRK MERCK & CO. INC. | Healthcare | 7.5K | $899K | 0.3% | -0.8% |
| V VISA INC-CLASS A SHARES | Services media | 2.8K | $851K | 0.3% | Held |
| MU MICRON TECHNOLOGY INC | Technology | 2.4K | $824K | 0.2% | +2.3% |
| ABBV ABBVIE INC | Healthcare | 3.2K | $695K | 0.2% | +7.8% |
| CSCO CISCO SYSTEMS INC | Technology | 8.8K | $680K | 0.2% | -9.2% |
| CHD CHURCH & DWIGHT CO INC | Other | 7.0K | $654K | 0.2% | Held |
| AMD ADVANCED MICRO DEVICES | Technology | 3.0K | $616K | 0.2% | +1.2% |
| SO SOUTHERN CO/THE | Utilities | 5.9K | $570K | 0.2% | -0.3% |
| LLY ELI LILLY & CO | Healthcare | 602 | $554K | 0.2% | +1.7% |
| BAC BANK OF AMERICA CORP | Financials | 9.7K | $475K | 0.1% | -2.5% |
| NFLX NETFLIX INC | Services media | 4.7K | $454K | 0.1% | Held |
| CAT CATERPILLAR INC | Industrials | 636 | $451K | 0.1% | -1.4% |
| AMAT APPLIED MATERIALS INC | Technology | 1.3K | $448K | 0.1% | +2.9% |
| WM WASTE MANAGEMENT INC | Utilities | 1.9K | $447K | 0.1% | Held |
| HON HONEYWELL INTERNATIONAL INC | Industrials | 1.9K | $426K | 0.1% | Held |
| LMT LOCKHEED MARTIN CORP | Industrials | 684 | $414K | 0.1% | Held |
| DKS DICK'S SPORTING GOODS INC | Consumer discretionary | 2.0K | $397K | 0.1% | Held |
| PNC PNC FINANCIAL SERVICES GROUP | Financials | 1.9K | $397K | 0.1% | +0.1% |
| CPW CHECK POINT SOFTWARE TECH | — | 2.6K | $365K | 0.1% | +6.6% |
| BPOP POPULAR INC | Financials | 2.5K | $341K | 0.1% | +5.7% |
| T AT&T INC | Communications | 11.7K | $341K | 0.1% | -1.6% |
| KLAC KLA CORP | Other | 231 | $340K | 0.1% | Held |
| CSX CSX CORP | Industrials | 8.1K | $332K | 0.1% | +23.4% |
| KO COCA-COLA CO/THE | Consumer staples | 4.2K | $318K | 0.1% | -0.6% |
| DUK DUKE ENERGY CORP | Utilities | 2.4K | $317K | 0.1% | Held |
| LDOS LEIDOS HOLDINGS INC | Technology | 2.0K | $311K | 0.1% | Held |
| PG PROCTER & GAMBLE CO/THE | Other | 2.1K | $307K | 0.1% | -4.4% |
| SBUX STARBUCKS CORP | Consumer discretionary | 3.4K | $306K | 0.1% | -0.4% |
| SNOW SNOWFLAKE INC | Technology | 1.9K | $294K | 0.1% | Held |
| TRV TRAVELERS COS INC/THE | Financials | 1.0K | $292K | 0.1% | Held |
| CVX CHEVRON CORP | Energy | 1.4K | $287K | 0.1% | Held |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 8, 2026 | 113 | $334.7M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 6, 2026 | 113 | $336.2M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 28, 2025 | 108 | $325.9M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 31, 2025 | 109 | $304.1M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 2, 2025 | 98 | $278.8M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 3, 2025 | 105 | $285.8M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 110 | $286.8M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 9, 2024 | 103 | $271.1M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 14, 2024 | 108 | $266.5M | canonical | SEC ↗ |