SEC 13F Intelligence

Managers / Q1 2026

Ground Swell Capital, LLC

CIK 0001534450 · 105 WEST HURON AVENUE, SUITE 205, FOLLY BEACH, SC, 29439 · (843) 588-5169

Reported Value
$51M
Q1 2026
Positions
122
Filings on Record
23
2019–present window
Filed
Apr 21, 2026
original filing

Summary

Ground Swell Capital, LLC reported $51M in U.S.-listed holdings across 122 positions for Q1 2026.

The portfolio is heavily concentrated: VOO alone accounts for 35.1% of reported value.

Compared with Q4 2025, the fund opened 113 new positions and exited 78.

Portfolio Metrics

Turnover
+87.9%
vs prior filed quarter
Top-10 Concentration
+60.6%
share of reported value
Largest Position
+35.1%
Vanguard Index Fds
New / Exited
113 / 78
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’20: $26MQ4 ’20Q1 ’21: $31MQ2 ’21: $21MQ3 ’21: $23MQ3 ’21Q4 ’21: $17MQ1 ’22: $39MQ2 ’22: $55MQ2 ’22Q3 ’22: $35MQ4 ’22: $23MQ1 ’23: $60MQ1 ’23Q2 ’23: $82MQ3 ’23: $61MQ4 ’23: $27MQ4 ’23Q1 ’24: $110MQ2 ’24: $129MQ3 ’24: $114MQ3 ’24Q4 ’24: $66MQ1 ’25: $46MQ2 ’25: $63MQ2 ’25Q3 ’25: $46MQ4 ’25: $49MQ1 ’26: $51MQ1 ’26filingsflow.com

Portfolio Composition

By security type
ETP: 53.7%Common Stock: 38.7%PUBLIC: 4.1%ADR: 2.6%Other: 0.6%Other: 0.1%
  • ETP · 53.7% · $27M
  • Common Stock · 38.7% · $20M
  • PUBLIC · 4.1% · $2M
  • ADR · 2.6% · $1M
  • Other · 0.6% · $313,481
  • Other · 0.1% · $74,430

Quarter-over-Quarter Changes full breakdown →

vs Q4 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
VOOVANGUARD INDEX FDSNEW+29.8K29.8K+$18M$18M
PPHVANECK ETF TRUSTNEW+15.4K15.4K+$2M$2M
NVDANVIDIA CORPORATIONNEW+8.9K8.9K+$2M$2M
SOXXISHARES TRNEW+3.3K3.3K+$1M$1M
DUOLDUOLINGO INCNEW+10.0K10.0K+$985,700$985,700
DIASTATE STR SPDR DOW JONES INDNEW+2.0K2.0K+$949,076$949,076
EVRGEVERGY INCNEW+9.7K9.7K+$797,983$797,983
CHTRCHARTER COMMUNICATIONS INCNEW+3.6K3.6K+$787,098$787,098

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q1 2026

115 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1VOOVANGUARD INDEX FDShistory →S&P 500 ETF SHS35.15%$18M29.8K
2SOXXISHARES TRISHARES SEMICDTR · 20 YR TR BD ETF · TIPS BD ETF · PFD AND INCM SEC5.18%$3M24.9K
3PPHVANECK ETF TRUSTPHARMACEUTCL ETF · OIL SERVICES ETF3.73%$2M16.2K
4QQQINVESCO QQQ TRhistory →UNIT SER 13.48%$2M3.1K
5NVDANVIDIA CORPORATIONhistory →COM3.07%$2M8.9K
6AAPLAPPLE INChistory →COM3.01%$2M6.0K
7DUOLDUOLINGO INChistory →CL A COM1.94%$985,70010.0K
8DIASTATE STR SPDR DOW JONES INDhistory →UT SER 11.87%$949,0762.0K
9EVRGEVERGY INChistory →COM1.57%$797,9839.7K
10CHTRCHARTER COMMUNICATIONS INChistory →CL A1.55%$787,0983.6K
11MDYSTATE STR SPDR S&P MIDCAP 40history →UTSER1 S&PDCRP1.51%$765,3991.2K
12METAMETA PLATFORMS INChistory →CL A1.45%$734,0431.3K
13ISRGINTUITIVE SURGICAL INChistory →COM NEW1.44%$732,0521.6K
14SNDKSANDISK CORPhistory →COM1.42%$717,2991.1K
15AMDADVANCED MICRO DEVICES INChistory →COM1.19%$604,1873.0K
16RYAAYRYANAIR HOLDINGS PLChistory →SPONSORED ADR1.16%$588,28810.2K
17TSLATESLA INChistory →COM1.12%$567,6621.5K
18IONSIONIS PHARMACEUTICALS INChistory →COM1.08%$547,0317.3K
19NVMINOVA LTDhistory →COM1.05%$532,4271.2K
20ORACLE CORP6.5 DEP CUM SR D1.05%$529,85811.8K
21SPYGSPDR SERIES TRUSTSTATE STREET SPD1.02%$516,4014.1K
22NBIXNEUROCRINE BIOSCIENCES INCCOM0.98%$496,2653.8K
23ENTGENTEGRIS INCCOM0.94%$478,5744.1K
24TERTERADYNE INCCOM0.94%$474,0401.6K
25AXIA/PCCENTRAIS ELET BRAS SASPON ADS PF CL C · SPON ADS PFD B10.93%$469,29740.7K
26WHIRLPOOL CORP8.5 DEP SR A CNV0.90%$454,38111.1K
27ALABASTERA LABS INCCOM0.87%$440,9214.0K
28APOLLO GLOBAL MGMT INCSER A MAND CNV0.84%$424,7127.3K
29ANABANAPTYSBIO INCCOM0.83%$422,0517.6K
30MAZEMAZE THERAPEUTICS INCCOM0.80%$406,22913.6K
31RSPINVESCO EXCHANGE TRADED FD TS&P500 EQL WGT0.67%$340,8501.8K
32CMECME GROUP INCCOM0.64%$326,0661.1K
33ZBRAZEBRA TECHNOLOGIES CORPORATICL A0.62%$316,7561.5K
34RMBSRAMBUS INC DELCOM0.61%$310,8263.6K
35COPXGLOBAL X FDSGLOBAL X COPPER0.60%$306,0874.0K
36LSCCLATTICE SEMICONDUCTOR CORPCOM0.58%$295,0703.2K
37AGIOAGIOS PHARMACEUTICALS INCCOM0.56%$282,3798.3K
38EXPDEXPEDITORS INTL WASH INCCOM0.52%$263,6861.8K
39RDNTRADNET INCCOM0.52%$262,9074.7K
40MOG/AMOOG INCCL A0.51%$259,572887
41BNTXBIONTECH SESPONSORED ADS0.51%$258,1082.9K
42PG&E CORPPFD CONV SER A0.49%$246,3335.7K
43STRATEGY INCSERIES A PERP PF0.48%$245,1173.5K
44GDGENERAL DYNAMICS CORPCOM0.48%$241,284703
45MASIMO CORPCOM0.46%$234,6111.3K
46NWSNEWS CORP NEWCL B0.46%$233,5258.2K
47GSATGLOBALSTAR INCCOM NEW0.46%$231,7393.5K
48BWXTBWX TECHNOLOGIES INCCOM0.45%$228,8241.1K
49VSTVISTRA CORPCOM0.45%$228,8021.5K
50TWTRADEWEB MKTS INCCL A0.44%$224,4951.9K
51TMOTHERMO FISHER SCIENTIFIC INCCOM0.44%$224,138456
52WFCWELLS FARGO & COPERP PFD CNV A0.44%$222,915193
53AROCARCHROCK INCCOM0.43%$217,7786.3K
54ICLRICON PLCSHS0.41%$208,5941.9K
55YUMCYUM CHINA HLDGS INCCOM0.41%$205,8524.2K
56MTDMETTLER TOLEDO INTERNATIONALCOM0.40%$204,314162
57BNDVANGUARD BD INDEX FDSTOTAL BND MRKT0.40%$202,2152.7K
58MICROCHIP TECHNOLOGY INC.DEP SHS REPSTG0.40%$200,6483.5K
59ONDSONDAS INCCOM NEW0.36%$182,67120.2K
60FLNCFLUENCE ENERGY INCCOM CL A0.34%$173,52712.6K
61CIFRCIPHER DIGITAL INCCOM0.29%$147,64511.5K
62JOBYJOBY AVIATION INCCOMMON STOCK0.27%$139,29716.9K
63TALON CAP CORPUNIT 08/27/20300.27%$135,65813.0K
64UPWKUPWORK INCCOM0.23%$116,37310.6K
65PLUGPLUG PWR INCCOM NEW0.19%$95,45142.2K
66RIGTRANSOCEAN LTDREGISTERED SHS0.16%$79,93812.1K
67ACHRARCHER AVIATION INCCOM CL A0.14%$72,96414.1K
68ICLICL GROUP LTDSHS0.14%$69,28313.4K
69DHCDIVERSIFIED HEALTHCARE TRCOM SH BEN INT0.13%$68,28610.3K
70YEXTYEXT INCCOM0.13%$63,75916.6K
71MSOSADVISORSHARES TRPURE US CANNABIS0.12%$61,43617.3K
72JBLUJETBLUE AIRWAYS CORPCOM0.11%$55,25012.5K
73ABCLABCELLERA BIOLOGICS INCCOM0.11%$55,21215.8K
74SLDPSOLID POWER INCCLASS A COM0.10%$50,78116.9K
75RCKTROCKET PHARMACEUTICALS INCCOM0.10%$50,12414.0K
76PINNACLE FOOD GROUP LTDSHS CL A0.07%$34,95212.3K
77DECENT HLDG INCORD SHS CL A0.06%$30,94810.0K
78ELBMELECTRA BATTERY MATERIALS COCOM0.05%$26,97848.2K
79COTYCOTY INCCOM CL A0.05%$26,74913.3K
80BLDPBALLARD PWR SYS INC NEWCOM0.05%$25,54310.6K
81ELONG POWER HOLDING LTD.SHS CL A 20260.05%$25,05212.4K
82DFNST3 DEFENSE INCCOM NEW · *W EXP 12/22/2020.04%$21,12739.3K
83MVSTMICROVAST HOLDINGS INCCOM0.03%$16,97111.3K
84OLBOLB GROUP INCCOM0.03%$15,95532.2K
85PMIPICARD MEDICAL INCCOM SHS0.03%$15,41414.8K
86RXTRACKSPACE TECHNOLOGY INCCOM0.03%$14,46414.8K
87SPRING VY ACQUISITION CORP I*W EXP 09/04/2030.03%$14,39313.8K
88CTMCASTELLUM INCCOM NEW0.02%$12,43321.1K
89NFENEW FORTRESS ENERGY INCCOM CL A0.02%$11,11318.8K
90ARMADA ACQUISITION CORP II*W EXP 05/21/2030.02%$9,85616.4K
91JFJ & FRIENDS HOLDINGS LTDSPONSORED ADS0.02%$9,60710.4K
92RYDE GROUP LTDCL A SHS0.02%$9,30217.0K
93TOURTUNIU CORPSPONSORED ADS0.02%$8,77611.4K
94FBS GLOBAL LTDORD SHS0.02%$8,66314.6K
95SGRPSPAR GROUP INCCOM0.02%$8,63313.8K
96TANTECH HLDGS LTDORD SHS CL A0.02%$8,12913.8K
97QSIQUANTUM SI INCCOM CL A0.02%$7,84210.1K
98PMCBPHARMACYTE BIOTECH INCCOM NEW0.02%$7,67011.5K
99GREENLANE HLDGS INCCL A NEW0.01%$7,33819.8K
100PAPLPINEAPPLE FINANCIAL INCCOM SHS0.01%$7,20911.3K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$51M122Apr 21, 202613F-HRchanges · EDGAR ↗
Q4 2025$49M87Feb 4, 202613F-HRchanges · EDGAR ↗
Q3 2025$46M131Nov 6, 202513F-HRchanges · EDGAR ↗
Q2 2025$63M141Jul 31, 202513F-HRchanges · EDGAR ↗
Q1 2025$46M155May 13, 202513F-HRchanges · EDGAR ↗
Q4 2024$66M147Feb 14, 202513F-HRchanges · EDGAR ↗
Q3 2024$114M155Oct 29, 202413F-HRchanges · EDGAR ↗
Q2 2024$129M173Aug 7, 202413F-HRchanges · EDGAR ↗
Q1 2024$110M73May 14, 202413F-HRchanges · EDGAR ↗
Q4 2023$27M68Feb 13, 202413F-HRchanges · EDGAR ↗
Q3 2023$61M76Nov 13, 202313F-HRchanges · EDGAR ↗
Q2 2023REVEALED$82M115Aug 10, 202313F-HRchanges · EDGAR ↗
Q1 2023$60M55May 8, 202313F-HRchanges · EDGAR ↗
Q4 2022$23M77Feb 14, 202313F-HRchanges · EDGAR ↗
Q3 2022$35M95Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$55M139Aug 11, 202213F-HRchanges · EDGAR ↗
Q1 2022$39M67May 10, 202213F-HRchanges · EDGAR ↗
Q4 2021$17M68Feb 9, 202213F-HRchanges · EDGAR ↗
Q3 2021$23M66Nov 12, 202113F-HRchanges · EDGAR ↗
Q2 2021$21M82Aug 12, 202113F-HRchanges · EDGAR ↗
Q1 2021$31M98Apr 30, 202113F-HRchanges · EDGAR ↗
Q4 2020$26M64Jan 29, 202113F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.