Square Wave Capital, LLC Long-Term Concentrated

Location: Brooklyn, NY

CIK: 0002077145 · Show all filings

Period: Q1 2026 (← Previous)

Filing Date: May 15, 2026

Total Value: $413M (100.0% shares, 0.0% debt)

Holdings (12)

New Positions (5)

ATI ATI INC 12.9%

Value $53.3M Shares 366,400 Est. Cost — Unrealized —

ASML ASML HLDG NV 12.4%

Value $51.12M Shares 38,700 Est. Cost — Unrealized —

MTZ MASTEC INC 4.7%

Value $19.5M Shares 60,600 Est. Cost — Unrealized —

CRS CARPENTER TECHNOLOGY CORP 4.4%

Value $18.13M Shares 46,000 Est. Cost — Unrealized —

MU MICRON TECHNOLOGY INC 2.1%

Value $8.885M Shares 26,300 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
ATI	ATI INC	366,400	$53.3M	12.9%	—	—	COM	01741R102
ASML	ASML HLDG NV	38,700	$51.12M	12.4%	—	—	N Y REGISTRY SHS	N07059210
MTZ	MASTEC INC	60,600	$19.5M	4.7%	—	—	COM	576323109
CRS	CARPENTER TECHNOLOGY CORP	46,000	$18.13M	4.4%	—	—	COM	144285103
MU	MICRON TECHNOLOGY INC	26,300	$8.885M	2.1%	—	—	COM	595112103

Increased Positions (1)

AMZN AMAZON COM INC 13.3%

Value $54.86M (+27.3%) Shares 263,400 (+41.1%) Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
AMZN	AMAZON COM INC	263,400 (+41.1%)	$54.86M (+27.3%)	13.3%	—	—	COM	023135106

Exited Positions (2)

EFX EQUIFAX INC 8.7%

Value $35.81M Shares 165,020 Est. Cost — Unrealized —

AXON AXON ENTERPRISE INC 0.7%

Value $3.02M Shares 5,317 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
EFX	EQUIFAX INC	165,020	$35.81M	8.7%	—	—	—	294429105
AXON	AXON ENTERPRISE INC	5,317	$3.02M	0.7%	—	—	—	05464C101

Decreased Positions (6)

FICO FAIR ISAAC CORP 1.8%

Value $7.58M (-89.3%) Shares 7,100 (-83.1%) Est. Cost — Unrealized —

VEEV VEEVA SYS INC 1.1%

Value $4.427M (-92.1%) Shares 25,200 (-90.0%) Est. Cost — Unrealized —

MCO MOODYS CORP 9.1%

Value $37.74M (-36.2%) Shares 86,500 (-25.2%) Est. Cost — Unrealized —

GOOGL ALPHABET INC 7.2%

Value $29.56M (-21.2%) Shares 102,800 (-14.2%) Est. Cost — Unrealized —

MAR MARRIOTT INTL INC NEW 17.0%

Value $70.07M (+3.1%) Shares 214,240 (-2.2%) Est. Cost — Unrealized —

TW TRADEWEB MKTS INC 14.1%

Value $58.22M (+3.0%) Shares 494,815 (-5.9%) Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
FICO	FAIR ISAAC CORP	7,100 (-83.1%)	$7.58M (-89.3%)	1.8%	—	—	COM	303250104
VEEV	VEEVA SYS INC	25,200 (-90.0%)	$4.427M (-92.1%)	1.1%	—	—	CL A COM	922475108
MCO	MOODYS CORP	86,500 (-25.2%)	$37.74M (-36.2%)	9.1%	—	—	COM	615369105
GOOGL	ALPHABET INC	102,800 (-14.2%)	$29.56M (-21.2%)	7.2%	—	—	CAP STK CL A	02079K305
MAR	MARRIOTT INTL INC NEW	214,240 (-2.2%)	$70.07M (+3.1%)	17.0%	—	—	CL A	571903202
TW	TRADEWEB MKTS INC	494,815 (-5.9%)	$58.22M (+3.0%)	14.1%	—	—	CL A	892672106