SEC 13F Intelligence

Managers / Q3 2025 · view latest →

Ground Swell Capital, LLC

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

Reported Value
$46M
Q3 2025
Positions
131
Filings on Record
23
2019–present window
Filed
Nov 6, 2025
original filing

Summary

Ground Swell Capital, LLC reported $46M in U.S.-listed holdings across 131 positions for Q3 2025.

Its largest position, IWB, represents 18.1% of the portfolio.

Compared with Q2 2025, the fund opened 125 new positions and exited 135.

Portfolio Metrics

Turnover
+80.7%
vs prior filed quarter
Top-10 Concentration
+43.0%
share of reported value
Largest Position
+18.1%
Ishares Tr
New / Exited
125 / 135
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
Common Stock: 56.4%ETP: 39.4%Other: 2.1%ADR: 1.5%REIT: 0.7%Other: 0.0%
  • Common Stock · 56.4% · $26M
  • ETP · 39.4% · $18M
  • Other · 2.1% · $939,213
  • ADR · 1.5% · $676,473
  • REIT · 0.7% · $312,864
  • Other · 0.0% · $8,210

Quarter-over-Quarter Changes full breakdown →

vs Q2 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
RSPINVESCO EXCHANGE TRADED FD TNEW+9.6K9.6K+$2M$2M
EFAISHARES TRNEW+18.3K18.3K+$2M$2M
STIPISHARES TRNEW+16.4K16.4K+$2M$2M
MSFTMICROSOFT CORPNEW+3.1K3.1K+$2M$2M
ITOTISHARES TRNEW+8.0K8.0K+$1M$1M
VANGUARD INTL EQUITY INDEX FNEW+8.0K8.0K+$1M$1M
ALABASTERA LABS INCNEW+5.0K5.0K+$979,000$979,000
VXFVANGUARD INDEX FDSNEW+4.6K4.6K+$961,499$961,499

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

Holdings — Q3 2025

119 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1IWBISHARES TRRUS 1000 ETF · MSCI EAFE ETF · 0-5 YR TIPS ETF · CORE S&P TTL STK · IBOXX INV CP ETF · RUS 1000 VAL ETF · MICRO-CAP ETF · CORE S&P SCP ETF18.13%$8M61.9K
2VPLVANGUARD INTL EQUITY INDEX FFTSE SMCAP ETF · FTSE PACIFIC ETF · TT WRLD ST ETF5.16%$2M19.5K
3RSPINVESCO EXCHANGE TRADED FD Thistory →S&P500 EQL WGT3.97%$2M9.6K
4MSFTMICROSOFT CORPhistory →COM3.46%$2M3.1K
5SLYGSPDR SERIES TRUSTS&P 600 SMCP VAL · S&P 600 SMCP GRW · S&P HOMEBUILD2.71%$1M12.9K
6BIVVANGUARD BD INDEX FDSINTERMED TERM · LONG TERM BOND2.34%$1M14.3K
7ALABASTERA LABS INChistory →COM2.14%$979,0005.0K
8VXFVANGUARD INDEX FDShistory →EXTEND MKT ETF2.10%$961,4994.6K
9MDBMONGODB INChistory →CL A1.50%$685,3192.2K
10NVRNVR INChistory →COM1.48%$674,91184
11NTNXNUTANIX INChistory →CL A1.42%$647,7888.7K
12CQQQINVESCO EXCH TRADED FD TR IIhistory →CHINA TECHNLGY1.38%$629,93210.7K
13EXEEXPAND ENERGY CORPORATIONhistory →COM1.31%$598,8755.6K
14CRWVCOREWEAVE INChistory →COM CL A1.31%$597,4874.4K
15EXPEEXPEDIA GROUP INChistory →COM NEW1.26%$576,2702.7K
16REGNREGENERON PHARMACEUTICALShistory →COM1.26%$574,0781.0K
17NBIXNEUROCRINE BIOSCIENCES INChistory →COM1.23%$563,9064.0K
18FNDASCHWAB STRATEGIC TRhistory →FUNDAMENTAL US S1.12%$511,89616.4K
19ALNYALNYLAM PHARMACEUTICALS INChistory →COM1.11%$506,6161.1K
20FIVEFIVE BELOW INChistory →COM1.10%$502,1563.2K
21UTHRUNITED THERAPEUTICS CORP DELhistory →COM1.09%$499,2791.2K
22NTRANATERA INChistory →COM1.08%$495,4663.1K
23GILDGILEAD SCIENCES INChistory →COM1.08%$492,8404.4K
24OLLIOLLIES BARGAIN OUTLET HLDGShistory →COM1.05%$481,3723.7K
25RGLDROYAL GOLD INChistory →COM1.05%$478,1832.4K
26MTCHMATCH GROUP INC NEWhistory →COM1.04%$473,39413.4K
27DASHDOORDASH INCCL A1.00%$456,6711.7K
28ROADCONSTRUCTION PARTNERS INCCOM CL A0.99%$451,8663.6K
29PSIXPOWER SOLUTIONS INTL INCCOM NEW0.98%$449,9464.6K
30FOXFOX CORPCL B COM0.98%$446,0037.8K
31SNDKSANDISK CORPCOM0.97%$444,6494.0K
32STNESTONECO LTDCOM CL A0.94%$428,89822.7K
33TMFDIREXION SHS ETF TRDAILY 20+ YEAR T0.92%$419,11810.4K
34HALOHALOZYME THERAPEUTICS INCCOM0.89%$408,2845.6K
35TXRHTEXAS ROADHOUSE INCCOM0.86%$391,2832.4K
36ADPAUTOMATIC DATA PROCESSING INCOM0.85%$389,1811.3K
37NWSANEWS CORP NEWCL A0.84%$382,73912.5K
38CSCOCISCO SYS INCCOM0.82%$373,0265.5K
39SEICSEI INVTS COCOM0.79%$360,6134.3K
40STXSEAGATE TECHNOLOGY HLDNGS PLORD SHS0.78%$356,9231.5K
41QCOMQUALCOMM INCCOM0.78%$355,8442.1K
42CYBERARK SOFTWARE LTDSHS0.71%$325,643674
43SEBSEABOARD CORP DELCOM0.69%$313,64286
44WDAYWORKDAY INCCL A0.67%$307,1711.3K
45LNWOLIGHT & WONDER INCCOM0.66%$302,3523.6K
46ZZILLOW GROUP INCCL C CAP STK0.64%$291,9423.8K
47CWSTCASELLA WASTE SYS INCCL A0.64%$291,4713.1K
48CALMCAL MAINE FOODS INCCOM NEW0.63%$288,6993.1K
49WGSGENEDX HOLDINGS CORPCOM CL A0.63%$285,9422.7K
50ODFLOLD DOMINION FREIGHT LINE INCOM0.60%$275,6472.0K
51CDTXCIDARA THERAPEUTICS INCCOM NEW0.60%$274,5442.9K
52LPLALPL FINL HLDGS INCCOM0.59%$269,146809
53FTAIFTAI AVIATION LTDSHS0.58%$264,3061.6K
54VAWVANGUARD WORLD FDMATERIALS ETF0.57%$259,3531.3K
55AMKRAMKOR TECHNOLOGY INCCOM0.57%$258,7249.1K
56NEXXEN INTL LTDSHS NEW0.56%$257,00227.8K
57BSJPINVESCO EXCH TRD SLF IDX FDBULSHS 2025 HY0.56%$255,15911.1K
58MKLMARKEL GROUP INCCOM0.55%$250,388131
59ESSESSEX PPTY TR INCCOM0.54%$245,712918
60ENPHENPHASE ENERGY INCCOM0.53%$242,4926.9K
61CRHCRH PLCORD0.52%$235,4842.0K
62GDSGDS HLDGS LTDSPONSORED ADS0.51%$232,5106.0K
63SAILSAILPOINT INCCOM0.50%$230,25010.4K
64GEMIGEMINI SPACE STA INCCL A COM0.50%$228,6269.5K
65WFCWELLS FARGO CO NEWPERP PFD CNV A0.50%$227,109184
66CZRCAESARS ENTERTAINMENT INC NECOM0.49%$226,1458.4K
67ALLYALLY FINL INCCOM0.49%$225,7535.8K
68CNOBCONNECTONE BANCORP INCCOM0.49%$224,3079.0K
69LYVLIVE NATION ENTERTAINMENT INCOM0.49%$224,0211.4K
70BRZEBRAZE INCCOM CL A0.48%$219,7277.7K
71CRSCARPENTER TECHNOLOGY CORPCOM0.48%$218,531890
72MANHMANHATTAN ASSOCIATES INCCOM0.48%$218,0991.1K
73OMABGRUPO AEROPORTUARIO DEL CENTSPON ADR0.47%$216,8812.1K
74TTWOTAKE-TWO INTERACTIVE SOFTWARCOM0.47%$216,506838
75WAYWAYSTAR HLDG CORPCOM0.47%$213,2625.6K
76IEXIDEX CORPCOM0.46%$212,5651.3K
77TMTOYOTA MOTOR CORPADS0.46%$210,5811.1K
78PCARPACCAR INCCOM0.46%$210,5032.1K
79TCHPT ROWE PRICE ETF INCPRICE BLUE CHIP0.46%$208,6694.3K
80STESTERIS PLCSHS USD0.45%$206,612835
81IDCCINTERDIGITAL INCCOM0.45%$204,721593
82MNDYMONDAY COM LTDSHS0.45%$203,7621.1K
83BABOEING COCOM0.44%$200,290928
84TALON CAP CORPUNIT 08/27/20300.29%$133,96113.4K
85EOSEEOS ENERGY ENTERPRISES INCCOM CL A0.29%$130,98511.5K
86NUAINEW ERA ENERGY & DIGITAL INCCOM0.17%$79,59743.3K
87LSTALISATA THERAPEUTICS INCCOM0.14%$62,28823.8K
88CLVTCLARIVATE PLCORD SHS0.10%$46,80612.2K
89DHCDIVERSIFIED HEALTHCARE TRCOM SH BEN INT0.10%$45,13610.2K
90BLNDBLEND LABS INCCL A0.10%$43,78512.0K
91IZEAIZEA WORLDWIDE INCCOM NEW0.09%$43,26411.6K
92AIRIAIR INDS GROUPCOM0.09%$41,62613.3K
93OSTXOS THERAPIES INCORPORATEDCOM NEW0.09%$40,10620.5K
94SLDPSOLID POWER INCCLASS A COM0.08%$38,51711.1K
95SMART POWERR CORPCOM NEW0.08%$35,48729.1K
96NOVABAY PHARMACEUTICALS INCCOM NEW0.05%$24,52219.2K
97IOVAIOVANCE BIOTHERAPEUTICS INCCOM0.05%$23,96511.0K
98XPONEXPION360 INCCOM NEW0.05%$23,63916.4K
99SACHSACHEM CAP CORPCOM0.05%$22,01619.8K
100CENNTRO INCCOM0.05%$21,35136.5K

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 ↗.