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Square Wave Capital, LLC

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13F filer, CIK 2077145, BROOKLYN, NY

Square Wave Capital, LLC reported $430,221,723 across 9 holdings for the quarter ended 2025-12-31, in a 13F-HR filed 2026-02-17.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001213900-26-017018

Period
2025-12-31
Reported value
$430M
Holdings
9
Top 10 weight
100%
New
2
Sold out
1

Largest buys vs the previous quarter

SecurityShares changeApprox. value
AMZNnew+186,700$43.1M
GOOGLnew+119,800$37.5M
FICOadded+13,600$23M
VEEVadded+90,669$20.2M
MARadded+62,000$19.2M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
ITexited-58,198-$15.3M
AXONreduced-1,748-$993K

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q4 2025

Share positions as resolved from 13F-HR 0001213900-26-017018, largest first. % of portfolio is the value over $430,221,724, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
FICOFAIR ISAAC CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: 7,777 shares; 2025Q1: 8,016 shares; 2025Q2: 8,284 shares; 2025Q3: 28,300 shares; 2025Q4: 41,900 shares 41,900$70.8M16.47%+13,600Timeline
MARMARRIOTT INTL INC NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 157,100 shares; 2025Q4: 219,100 shares 219,100$68M15.8%+62,000Timeline
MCOMOODYS CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: 24,738 shares; 2025Q1: 24,154 shares; 2025Q2: 27,669 shares; 2025Q3: 78,488 shares; 2025Q4: 115,700 shares 115,700$59.1M13.74%+37,212Timeline
TWTRADEWEB MKTS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: 99,113 shares; 2025Q1: 106,274 shares; 2025Q2: 106,870 shares; 2025Q3: 417,863 shares; 2025Q4: 525,600 shares 525,600$56.5M13.14%+107,737Timeline
VEEVVEEVA SYS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: 68,802 shares; 2025Q1: 49,538 shares; 2025Q2: 53,426 shares; 2025Q3: 161,831 shares; 2025Q4: 252,500 shares 252,500$56.4M13.1%+90,669Timeline
AMZNAMAZON COM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 186,700 shares 186,700$43.1M10.02%newTimeline
GOOGLALPHABET INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 119,800 shares 119,800$37.5M8.72%newTimeline
EFXEQUIFAX INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: 47,017 shares; 2025Q1: 57,324 shares; 2025Q2: 58,962 shares; 2025Q3: 146,897 shares; 2025Q4: 165,020 shares 165,020$35.8M8.32%+18,123Timeline
AXONAXON ENTERPRISE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: 28,975 shares; 2025Q1: 24,627 shares; 2025Q2: 19,915 shares; 2025Q3: 7,065 shares; 2025Q4: 5,317 shares 5,317$3.02M0.7%-1,748Timeline

Sold out in Q4 2025

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
ITGARTNER INC58,198$15.3Mshares

How Q4 2025 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001213900-26-017018 base2026-02-17acceptance time not in the bulk data set