Square Wave Capital, LLC

All Holdings — 2025 Q4

Portfolio Concentration Analytics: 7.6
Risk-based ENB:
Total Positions
10
Quarter
2025 Q4
Top Holding
FICO (16.5%)
Top 10 Concentration
100.0%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
1-10 of 10
Stock History Sector / Type Port % Prev % Rank / Prev Conviction Change % Change Influence Shares Mkt Value Avg Cost Price Held 1st Owned Source Source Date Date Reported
FICO
FAIR ISAAC CORP
Technology 16.47% 15.50% #1 2
Prev: #3
8.7 13,600 48.1%
P
S
41,900 $70,836,978 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
MAR
MARRIOTT INTL I...
Consumer Cyclical 15.80% 14.97% #2 2
Prev: #4
8.4 62,000 39.5%
P
S
219,100 $67,973,584 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
MCO
MOODYS CORP
Financial Services 13.74% 13.68% #3 3
Prev: #6
7.6 37,212 47.4%
P
S
115,700 $59,105,345 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
TW
TRADEWEB MKTS I...
Financial Services 13.14% 16.97% #4 2
Prev: #2
7.3 107,737 25.8%
P
S
525,600 $56,523,024 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
VEEV
VEEVA SYS INC
Healthcare 13.10% 17.64% #5 4
Prev: #1
7.4 90,669 56.0%
P
S
252,500 $56,365,575 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
AMZN
AMAZON COM INC
Consumer Cyclical 10.02% #6
Prev: #—
6.0 186,700 no change
NEW
186,700 $43,094,094 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
GOOGL
ALPHABET INC
Communication Services 8.72% #7
Prev: #—
5.5 119,800 no change
NEW
119,800 $37,497,400 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
EFX
EQUIFAX INC
Industrials 8.32% 13.79% #8 3
Prev: #5
5.4 18,123 12.3%
P
S
165,020 $35,806,040 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
AXON
AXON ENTERPRISE...
Industrials 0.70% 1.86% #9 1
Prev: #8
0.4 -1,748 -24.7%
P
S
5,317 $3,019,684 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
IT
GARTNER INC
Technology 0.00% 5.60%
Sold All 😨
(Was: #7)
0.3 -58,198 -100.0%
CLOSED
$— 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
Showing 1-10 of 10 holdings

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