SEC 13F Intelligence

Managers / Q4 2025 · view latest →

Ground Swell Capital, LLC

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

Reported Value
$49M
Q4 2025
Positions
87
Filings on Record
23
2021–present window
Filed
Feb 4, 2026
original filing

Summary

Ground Swell Capital, LLC reported $49M in U.S.-listed holdings across 87 positions for Q4 2025.

The portfolio is heavily concentrated: QQQ alone accounts for 63.2% of reported value.

Compared with Q3 2025, the fund opened 75 new positions and exited 119.

Portfolio Metrics

Turnover
+92.8%
vs prior filed quarter
Top-10 Concentration
+78.8%
share of reported value
Largest Position
+63.2%
Invesco Qqq Tr
New / Exited
75 / 119
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: 70.7%Common Stock: 25.7%Other: 3.6%Equity WRT: 0.0%ADR: 0.0%
  • ETP · 70.7% · $34M
  • Common Stock · 25.7% · $12M
  • Other · 3.6% · $2M
  • Equity WRT · 0.0% · $12,795
  • ADR · 0.0% · $5,990

Quarter-over-Quarter Changes full breakdown →

vs Q3 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
QQQINVESCO QQQ TRNEW+50.0K50.0K+$31M$31M
PINNACLE FINL PARTNERS INCNEW+14.0K14.0K+$1M$1M
NXPINXP SEMICONDUCTORS N VNEW+4.9K4.9K+$1M$1M
TLTISHARES TRNEW+12.2K12.2K+$1M$1M
TSLATESLA INCNEW+1.5K1.5K+$667,384$667,384
ROKUROKU INCNEW+5.0K5.0K+$546,573$546,573
GOOGALPHABET INCNEW+1.7K1.7K+$541,933$541,933
PEPPEPSICO INCNEW+3.4K3.4K+$491,412$491,412

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

Holdings — Q4 2025

82 positions (from 87 filing rows — )
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1QQQINVESCO QQQ TRhistory →UNIT SER 163.21%$31M50.0K
2TLTISHARES TR20 YR TR BD ETF · RUS 1000 VAL ETF · INTL TREA BD ETF3.25%$2M18.9K
3PINNACLE FINL PARTNERS INCCOM2.76%$1M14.0K
4NXPINXP SEMICONDUCTORS N Vhistory →COM2.21%$1M4.9K
5SOXLDIREXION SHS ETF TRDLY SCOND 3XBU · DLY TECH BULL 3X1.41%$684,08313.0K
6TSLATESLA INChistory →COM1.37%$667,3841.5K
7XHBSPDR SERIES TRUSTSTATE STREET SPD1.35%$656,0176.0K
8ROKUROKU INChistory →COM CL A1.12%$546,5735.0K
9GOOGALPHABET INChistory →CAP STK CL C1.12%$541,9331.7K
10PEPPEPSICO INChistory →COM1.01%$491,4123.4K
11AMZNAMAZON COM INCCOM0.98%$476,6432.1K
12SYNOVUS FINL CORPCOM NEW0.89%$431,5818.6K
13AMDADVANCED MICRO DEVICES INCCOM0.88%$428,1062.0K
14DOCUDOCUSIGN INCCOM0.83%$401,8505.9K
15ONDSONDAS HLDGS INCCOM NEW0.82%$396,48040.6K
16ISRGINTUITIVE SURGICAL INCCOM NEW0.80%$388,523686
17VBVANGUARD INDEX FDSSMALL CP ETF0.71%$345,3951.3K
18HONHONEYWELL INTL INCCOM0.66%$322,6791.7K
19DASHDOORDASH INCCL A0.66%$320,2431.4K
20TERTERADYNE INCCOM0.65%$315,8901.6K
21TXNTEXAS INSTRS INCCOM0.64%$310,7211.8K
22AMGNAMGEN INCCOM0.63%$304,726931
23AAPLAPPLE INCCOM0.62%$300,9491.1K
24AEMAGNICO EAGLE MINES LTDCOM0.60%$290,5741.7K
25ORCLORACLE CORPCOM0.57%$275,0181.4K
26FROGJFROG LTDORD SHS0.55%$267,1414.3K
27MRKMERCK & CO INCCOM0.54%$262,3082.5K
28ADPAUTOMATIC DATA PROCESSING INCOM0.52%$254,658990
29MMM3M COCOM0.52%$254,3991.6K
30NTAPNETAPP INCCOM0.50%$242,7732.3K
31CORTCORCEPT THERAPEUTICS INCCOM0.49%$239,5986.9K
32AGYSAGILYSYS INCCOM0.48%$233,2832.0K
33TSEMTOWER SEMICONDUCTOR LTDSHS NEW0.48%$232,4922.0K
34LPLALPL FINL HLDGS INCCOM0.46%$224,303628
35ROSTROSS STORES INCCOM0.46%$222,4731.2K
36QCOMQUALCOMM INCCOM0.46%$221,6811.3K
37FCNCAFIRST CTZNS BANCSHARES INC DCL A0.45%$221,057103
38CRWDCROWDSTRIKE HLDGS INCCL A0.44%$212,348453
39WDAYWORKDAY INCCL A0.43%$209,625976
40IBITISHARES BITCOIN TRUST ETFSHS BEN INT0.42%$206,3954.2K
41LDOSLEIDOS HOLDINGS INCCOM0.42%$202,5891.1K
42SHOESHOE CARNIVAL INCCOM0.38%$185,07211.0K
43QYLDGLOBAL X FDSNASDAQ 100 COVER0.37%$181,36510.3K
44TALON CAP CORPUNIT 08/27/20300.31%$148,56514.5K
45VZLAVIZSLA SILVER CORPCOM NEW0.17%$85,00415.5K
46LSTALISATA THERAPEUTICS INCCOM0.15%$72,51639.0K
47DNUTKRISPY KREME INCCOM0.14%$66,66416.6K
48UNI-FUELS HLDGS LTDSHS CL A0.13%$61,07589.8K
49RRRICHTECH ROBOTICS INCCL B0.11%$52,73016.3K
50SIDUSIDUS SPACE INCCL A COM NEW0.07%$32,93510.5K
51ONCONCOLYTICS BIOTECH INCCOM NEW0.06%$30,06434.4K
52FUBOTV INCCLASS A COM SHS0.06%$29,63511.8K
53PSECPROSPECT CAP CORPCOM0.06%$27,87610.8K
54HIVEHIVE DIGITAL TECHNOLOGIES LTCOM NEW0.06%$27,10010.5K
55OFFERPAD SOLUTIONS INCCOM CL A0.04%$19,51716.1K
56SABRSABRE CORPCOM0.04%$17,20712.7K
57HAYMAKER ACQUISITION CORP IV*W EXP 05/31/2020.04%$17,08111.0K
58DYNAMIX CORP*W EXP 10/25/2020.03%$16,75510.5K
59BASEL MED GROUP LTDORD SHS0.03%$16,51533.7K
60CBAK ENERGY TECHNOLOGY INCCOM0.03%$13,63916.3K
61LMFALM FDG AMER INCCOM NEW0.03%$13,13329.6K
62RVMDWREVOLUTION MEDICINES INC*W EXP 12/17/2020.03%$12,79513.6K
63XPLSOLITARIO RESOURCES CORPCOM0.02%$12,00017.2K
64ATERATERIAN INCCOM NEW0.02%$11,86517.1K
65ENERGYS GROUP LTDSHS0.02%$11,77013.8K
66RNXTRENOVORX INCCOM NEW0.02%$11,43513.6K
67PDSBPDS BIOTECHNOLOGY CORPCOM0.02%$11,31814.7K
68RALLYBIO CORPCOM0.02%$10,56515.4K
69HCM III ACQUISITION CORP*W EXP 07/23/2030.02%$8,65118.2K
70RAIL VISION LTDSHS NEW0.02%$7,96124.6K
71STRIVE INCCL A COM0.02%$7,84110.6K
72BRAG HSE HLDGS INCCOM0.01%$7,22018.0K
73ITERUM THERAPEUTICS PLCSHS NEW0.01%$6,86020.5K
74ZOOZ STRATEGY LTDSHARE0.01%$6,46014.7K
75MYNDMYND AI INCSPON ADS0.01%$5,99013.7K
76TRINSEO PLCSHS0.01%$5,84711.8K
77HEARTCORE ENTERPRISES INCCOM0.01%$4,75315.6K
78XWELXWELL INCCOM NEW0.01%$4,75210.2K
79LINKERS INDS LTDSHS CL A0.01%$4,43713.9K
80URBAN-GRO INCCOM NEW0.01%$4,33615.5K
81KINDLY MD INCCOM0.01%$4,21312.0K
82MINT INCORPORATION LTDSHS CL A0.01%$3,00410.0K

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 ↗.