Managers / Q1 2024 · view latest →
Ground Swell Capital, LLC
CIK 0001534450 · 105 WEST HURON AVENUE, SUITE 205, FOLLY BEACH, SC, 29439 · (843) 588-5169
Reported Value
$110M
Q1 2024
Positions
73
Filings on Record
23
2019–present window
Filed
May 14, 2024
original filing
Summary
Ground Swell Capital, LLC reported $110M in U.S.-listed holdings across 73 positions for Q1 2024.
The portfolio is heavily concentrated: TLT alone accounts for 61.9% of reported value.
Compared with Q4 2023, the fund opened 64 new positions and exited 61.
Portfolio Metrics
Turnover
+25.6%
vs prior filed quarter
Top-10 Concentration
+79.3%
share of reported value
Largest Position
+61.9%
Ishares Tr
New / Exited
64 / 61
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
Portfolio Composition
By security type
- ETP · 89.1% · $98M
- Common Stock · 8.7% · $10M
- ADR · 1.1% · $1M
- Other · 0.6% · $655,509
- REIT · 0.5% · $566,176
Quarter-over-Quarter Changes full breakdown →
vs Q4 2023 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| SPYSPDR S&P 500 ETF TR | NEW | +47.2K | 47.2K | +$25M | $25M |
| IWMISHARES TR | NEW | +45.7K | 45.7K | +$10M | $10M |
| XBISPDR SER TR | NEW | +20.7K | 20.7K | +$2M | $2M |
| CMGCHIPOTLE MEXICAN GRILL INC | NEW | +600 | 600 | +$2M | $2M |
| EDVVANGUARD WORLD FD | NEW | +13.1K | 13.1K | +$999,860 | $999,860 |
| IJRISHARES TR | NEW | +8.7K | 8.7K | +$957,103 | $957,103 |
| PDDPDD HOLDINGS INC | NEW | +8.1K | 8.1K | +$946,973 | $946,973 |
| IJHISHARES TR | NEW | +15.5K | 15.5K | +$940,802 | $940,802 |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q1 2024
63 positions
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | TLTISHARES TR | 20 YR TR BD ETF · RUSSELL 2000 ETF · CORE S&P SCP ETF · CORE S&P MCP ETF · TIPS BD ETF · IBOXX INV CP ETF · AGGRES ALLOC ETF | 61.88% | $68M | 668.9K |
| 2 | SPYSPDR S&P 500 ETF TRhistory → | TR UNIT | 10.55% | $12M | 22.2K |
| 3 | XBISPDR SER TRhistory → | S&P BIOTECH | 1.78% | $2M | 20.7K |
| 4 | EDVVANGUARD WORLD FD | EXTENDED DUR | 0.91% | $999,860 | 13.1K |
| 5 | PDDPDD HOLDINGS INC | SPONSORED ADS | 0.86% | $946,973 | 8.1K |
| 6 | ADIANALOG DEVICES INC | COM | 0.78% | $858,804 | 4.3K |
| 7 | AEPAMERICAN ELEC PWR CO INC | COM | 0.68% | $749,587 | 8.7K |
| 8 | HYSPIMCO ETF TR | 0-5 HIGH YIELD · 25YR+ ZERO U S | 0.66% | $728,581 | 8.4K |
| 9 | SUPER MICRO COMPUTER INC | COM | 0.66% | $724,192 | 717 |
| 10 | SNPSSYNOPSYS INC | COM | 0.53% | $586,931 | 1.0K |
| 11 | FIRST TR EXCH TRADED FD III | PFD SECS INC ETF | 0.51% | $567,265 | 32.8K |
| 12 | EQIXEQUINIX INC | COM | 0.51% | $566,176 | 686 |
| 13 | URNMSPROTT FDS TR | URANIUM MINERS E | 0.42% | $458,939 | 9.3K |
| 14 | WHITE MTNS INS GROUP LTD | COM | 0.41% | $450,369 | 251 |
| 15 | SHOCKWAVE MED INC | COM | 0.38% | $422,668 | 1.3K |
| 16 | NVRNVR INC | COM | 0.37% | $404,998 | 50 |
| 17 | RDDTREDDIT INC | CL A | 0.35% | $382,723 | 7.8K |
| 18 | LECOLINCOLN ELEC HLDGS INC | COM | 0.34% | $377,029 | 1.5K |
| 19 | VNQVANGUARD INDEX FDS | REAL ESTATE ETF | 0.28% | $305,361 | 3.5K |
| 20 | VRSKVERISK ANALYTICS INC | COM | 0.27% | $295,134 | 1.3K |
| 21 | TTTRANE TECHNOLOGIES PLC | SHS | 0.26% | $287,291 | 957 |
| 22 | PGXINVESCO EXCH TRADED FD TR II | PFD ETF | 0.24% | $259,911 | 21.9K |
| 23 | PINSPINTEREST INC | CL A | 0.23% | $253,368 | 7.3K |
| 24 | TSMTAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADS | 0.23% | $251,556 | 1.8K |
| 25 | CELHCELSIUS HLDGS INC | COM NEW | 0.21% | $234,912 | 2.8K |
| 26 | GTLBGITLAB INC | CLASS A COM | 0.21% | $233,397 | 4.0K |
| 27 | TERTERADYNE INC | COM | 0.21% | $232,543 | 2.1K |
| 28 | WEXWEX INC | COM | 0.21% | $230,404 | 970 |
| 29 | LADLITHIA MTRS INC | COM | 0.21% | $228,052 | 758 |
| 30 | AXONAXON ENTERPRISE INC | COM | 0.20% | $223,709 | 715 |
| 31 | RHRH | COM | 0.20% | $218,011 | 626 |
| 32 | SNXTD SYNNEX CORPORATION | COM | 0.20% | $216,813 | 1.9K |
| 33 | CDNSCADENCE DESIGN SYSTEM INC | COM | 0.20% | $215,094 | 691 |
| 34 | ACICAMERICAN COASTAL INS CORP | COM | 0.10% | $115,206 | 10.8K |
| 35 | GRANITESHARES ETF TR | 2X SHORT NVDA DA | 0.05% | $51,015 | 10.1K |
| 36 | ZOMDFZOMEDICA CORP | COM | 0.04% | $39,850 | 273.1K |
| 37 | ICMBINVESTCORP CR MGMT BDC INC | COM | 0.04% | $39,792 | 12.8K |
| 38 | CASTOR MARITIME INC | SHS | 0.04% | $39,233 | 11.4K |
| 39 | GLDGGOLDMINING INC | COM | 0.03% | $34,951 | 39.9K |
| 40 | LUCID GROUP INC | COM | 0.03% | $34,260 | 12.0K |
| 41 | WETHWETOUCH TECHNOLOGY INC | COM NEW | 0.03% | $30,827 | 13.7K |
| 42 | CHINA LIBERAL ED HLDGS LTD | ORD SHS NEW | 0.03% | $30,780 | 29.3K |
| 43 | XNETXUNLEI LTD | SPONSORED ADR | 0.03% | $27,698 | 18.6K |
| 44 | EQEQUILLIUM INC | COM | 0.02% | $26,410 | 11.4K |
| 45 | UNICYCIVE THERAPEUTICS INC | COM | 0.02% | $26,383 | 19.1K |
| 46 | ARENTHE ARENA GROUP HOLDINGS INC | COM | 0.02% | $20,149 | 17.1K |
| 47 | DNNDENISON MINES CORP | COM | 0.02% | $19,997 | 10.3K |
| 48 | OPTINOSE INC | COM | 0.02% | $19,983 | 13.7K |
| 49 | IN8BIO INC | COM | 0.02% | $19,300 | 16.4K |
| 50 | EMXEMX RTY CORP | COM | 0.02% | $18,867 | 11.0K |
| 51 | AACGATA CREATIVITY GLOBAL | SPONSORED ADS | 0.02% | $17,389 | 16.9K |
| 52 | BYND CANNASOFT ENTERPRISES I | COM NEW | 0.01% | $14,864 | 10.6K |
| 53 | ENVIVA INC | COM | 0.01% | $12,398 | 28.2K |
| 54 | 111 INC | ADS | 0.01% | $11,990 | 10.3K |
| 55 | INUVO INC | COM NEW | 0.01% | $7,811 | 22.9K |
| 56 | FTCIFTC SOLAR INC | COM | 0.01% | $7,582 | 14.1K |
| 57 | BAKKT HOLDINGS INC | COM CL A | 0.01% | $5,518 | 12.0K |
| 58 | DUNXIN FINL HLDGS LTD | SPONSORED ADS | 0.00% | $4,654 | 15.4K |
| 59 | NAKNORTHERN DYNASTY MINERALS LT | COM NEW | 0.00% | $4,155 | 13.1K |
| 60 | KAZIA THERAPEUTICS LTD | SPONSORED ADR | 0.00% | $3,507 | 11.2K |
| 61 | MULTIMETAVERSE HOLDINGS LTD | *W EXP 01/04/202 | 0.00% | $2,205 | 146.0K |
| 62 | HYCROFT MINING HOLDING CORP | *W EXP 05/29/202 | 0.00% | $1,882 | 130.7K |
| 63 | AERWINS TECHNOLOGIES INC | COM | 0.00% | $1,287 | 20.7K |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q1 2026 | $51M | 122 | Apr 21, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q4 2025 | $49M | 87 | Feb 4, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q3 2025 | $46M | 131 | Nov 6, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q2 2025 | $63M | 141 | Jul 31, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q1 2025 | $46M | 155 | May 13, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q4 2024 | $66M | 147 | Feb 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q3 2024 | $114M | 155 | Oct 29, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q2 2024 | $129M | 173 | Aug 7, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q1 2024 | $110M | 73 | May 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q4 2023 | $27M | 68 | Feb 13, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q3 2023 | $61M | 76 | Nov 13, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q2 2023REVEALED | $82M | 115 | Aug 10, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q1 2023 | $60M | 55 | May 8, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q4 2022 | $23M | 77 | Feb 14, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q3 2022 | $35M | 95 | Nov 14, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q2 2022 | $55M | 139 | Aug 11, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q1 2022 | $39M | 67 | May 10, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q4 2021 | $17M | 68 | Feb 9, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q3 2021 | $23M | 66 | Nov 12, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q2 2021 | $21M | 82 | Aug 12, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q1 2021 | $31M | 98 | Apr 30, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q4 2020 | $26M | 64 | Jan 29, 2021 | 13F-HR | changes · 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 ↗.