SEC 13F Intelligence

Managers / Q1 2023 · view latest →

Ground Swell Capital, LLC

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

Reported Value
$60M
Q1 2023
Positions
55
Filings on Record
23
2019–present window
Filed
May 8, 2023
original filing

Summary

Ground Swell Capital, LLC reported $60M in U.S.-listed holdings across 55 positions for Q1 2023.

The portfolio is heavily concentrated: IWM alone accounts for 55.2% of reported value.

Compared with Q4 2022, the fund opened 43 new positions and exited 65.

Portfolio Metrics

Turnover
+28.1%
vs prior filed quarter
Top-10 Concentration
+93.0%
share of reported value
Largest Position
+55.2%
Ishares Tr
New / Exited
43 / 65
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: 86.3%Common Stock: 11.2%Other: 1.9%ADR: 0.4%Closed-End Fund: 0.2%
  • ETP · 86.3% · $51M
  • Common Stock · 11.2% · $7M
  • Other · 1.9% · $1M
  • ADR · 0.4% · $263,727
  • Closed-End Fund · 0.2% · $107,670

Quarter-over-Quarter Changes full breakdown →

vs Q4 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
IWMISHARES TRNEW+106.5K106.5K+$19M$19M
AGGISHARES TRNEW+6.1K6.1K+$608,302$608,302
ASMLASML HOLDING N VNEW+817817+$556,140$556,140
HORIZON THERAPEUTICS PUB LNEW+4.5K4.5K+$488,620$488,620
AMGNAMGEN INCNEW+1.6K1.6K+$375,680$375,680
AKXANSYS INCNEW+1.1K1.1K+$362,086$362,086
CBSHCOMMERCE BANCSHARES INCNEW+5.6K5.6K+$328,977$328,977
NVRNVR INCNEW+5858+$323,187$323,187

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

Holdings — Q1 2023

53 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1IWMISHARES TRRUSSELL 2000 ETF · 20 YR TR BD ETF · CORE US AGGBD ET55.17%$33M237.6K
2SPYSPDR S&P 500 ETF TRhistory →TR UNIT30.71%$18M44.7K
3TXNTEXAS INSTRS INChistory →COM1.93%$1M6.2K
4ASMLASML HOLDING N VN Y REGISTRY SHS0.93%$556,140817
5ADIANALOG DEVICES INCCOM0.89%$530,7192.7K
6HORIZON THERAPEUTICS PUB LSHS0.82%$488,6204.5K
7ACTIVISION BLIZZARD INCCOM0.78%$466,5515.5K
8AMGNAMGEN INCCOM0.63%$375,6801.6K
9AKXANSYS INCCOM0.61%$362,0861.1K
10CBSHCOMMERCE BANCSHARES INCCOM0.55%$328,9775.6K
11NVRNVR INCCOM0.54%$323,18758
12XYZBLOCK INCCL A0.50%$300,9624.4K
13AMDADVANCED MICRO DEVICES INCCOM0.50%$300,2053.1K
14FIVNFIVE9 INCCOM0.49%$290,3894.0K
15BKNGBOOKING HOLDINGS INCCOM0.46%$275,851104
16BIIBBIOGEN INCCOM0.46%$275,528991
17BABAALIBABA GROUP HLDG LTDSPONSORED ADS0.44%$263,7272.6K
18PALLABRDN PALLADIUM ETF TRUSTPHYSICAL PALLADM0.43%$258,4671.9K
19ZMZOOM VIDEO COMMUNICATIONS INCL A0.38%$225,8773.1K
20UFPIUFP INDUSTRIES INCCOM0.37%$221,9602.8K
21UBS AG LONDON BRANCHEN LG CP GRWTH0.35%$208,921434
22DECKDECKERS OUTDOOR CORPCOM0.35%$207,692462
23QSQUANTUMSCAPE CORPCOM CL A0.21%$127,32215.6K
24FORAFRIC GLOBAL PLCORDINARY SHARES0.21%$125,24811.2K
25NXENEXGEN ENERGY LTDCOM0.14%$81,57921.3K
26XJQCXNUVEEN CR STRATEGIES INCOMECOM SHS0.11%$67,61013.2K
27NUNU HLDGS LTDORD SHS CL A0.10%$62,02813.0K
28OXFORD LANE CAP CORPCOM0.09%$54,81010.5K
29LUFAX HOLDING LTDADS REP SHS CL A0.09%$53,04026.0K
30SIRIUS XM HOLDINGS INCCOM0.07%$44,50411.2K
31VVRINVESCO SR INCOME TRCOM0.07%$40,06010.9K
32PLX PHARMA INCCOM0.05%$27,191209.0K
33AEVA TECHNOLOGIES INCCOM0.05%$26,96822.7K
34CANO HEALTH INCCOM CL A0.05%$26,85829.5K
35PRESIDIO PPTY TR INCCOM CL A0.04%$26,33825.3K
36SIGILON THERAPEUTICS INCCOM0.04%$23,84825.6K
37ZTEKZENTEK LTDCOM0.04%$23,56715.3K
38MAIDEN HOLDINGS LTDSHS0.04%$23,17611.1K
39NEUROSENSE THERAPEUTICS LTDORDINARY SHARES0.03%$20,63311.9K
40IMMXIMMIX BIOPHARMA INCCOM0.03%$19,45910.7K
41FTEKFUEL TECH INCCOM0.03%$17,85013.9K
42GOSSGOSSAMER BIO INCCOM0.03%$16,93113.4K
43BEYONDSPRING INCSHS0.03%$15,84214.1K
44BIT BROTHER LIMITEDSHS NEW CL A ORD0.02%$14,49416.9K
45SONOMA PHARMACEUTICALS INCCOM NEW0.02%$13,01313.3K
46AKERNA CORPCOM NEW0.02%$10,29513.2K
47STRYVE FOODS INCCLASS A COM0.02%$9,67720.0K
48LION GROUP HOLDING LTDADS0.02%$9,08629.0K
49MULTIMETAVERSE HOLDINGS LTD*W EXP 01/04/2020.01%$7,454146.2K
50GETRGETAROUND INCCOM0.01%$6,66323.4K
51HYCROFT MINING HOLDING CORP*W EXP 05/29/2020.01%$5,834162.1K
52EFFECTOR THERAPEUTICS INCCOM0.01%$4,23011.8K
53TASTEMAKER ACQUISITION CORP*W EXP 01/07/2020.00%$1,88312.1K

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 ↗.