Q2 2026 13F · SEC CIK 1534450

Ground Swell Capital, LLC

Hedge fundFiled 2026-08-05 for Q2 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $92.6M
Reported positions: 145
Top holdings a year, 3 yrs: +18.0%
Assets under management: $949.2M

Ground Swell Capital, LLC is a hedge fund that reported 145 positions worth $92.6M in its Q2 2026 13F, filed 2026-08-05. Its largest holdings were Ishares Tr (IVV, 36.9%), Space Exploration Techn Corp (SPCX, 15.7%), Ishares Tr (IWM, 12.9%). A portfolio copying its top holdings returned 18.0% a year over the last 3 years, against 20.4% for the S&P 500.

Ground Swell Capital, LLC holdings largest 50 of 145 positions.

Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.

Ground Swell Capital, LLC 13F holdings
Stock	% of 13F value	Q1 2026	Shares	Share change	Reported value
IVVIshares Tr	36.9%	—	45,595	—	$34.1M
SPCXSpace Exploration Techn Corp	15.7%	—	85,000	—	$14.5M
IWMIshares Tr	12.9%	—	39,841	—	$12.0M
ASMLAsml Hldg NV	3.6%	—	1,653	—	$3.3M
CBRSCerebras Systems Inc	2.1%	—	8,896	—	$2.0M
ENTGEntegris Inc	1.4%	0.9%	7,003	+71.6%	$1.3M
MRVLMarvell Technology Inc	1.2%	—	3,817	—	$1.1M
LITELumentum Hldgs Inc	1.0%	—	1,104	—	$947K
DYNFBlackrock ETF Trust	0.9%	—	12,219	—	$831K
IWDIshares Tr	0.9%	—	3,419	—	$829K
TSLATesla Inc	0.7%	1.1%	1,603	+5.0%	$674K
MKSIMks Inc.	0.7%	—	1,392	—	$619K
ENPHEnphase Energy Inc	0.6%	—	12,024	—	$592K
AXICYAxia Energia SA	0.6%	0.5%	54,818	+119.1%	$578K
LRCXLam Research Corp	0.6%	—	1,312	—	$569K
VTVVanguard Index Fds	0.6%	—	2,498	—	$544K
NEE-PQNextera Energy Inc	0.5%	—	9,228	—	$490K
BNDXVanguard Charlotte Fds	0.5%	—	9,931	—	$481K
EFAIshares Tr	0.5%	—	4,616	—	$480K
SCHBSchwab Strategic Tr	0.5%	—	15,359	—	$445K
IBKRInteractive Brokers Group in	0.5%	—	5,026	—	$437K
PFFIshares Tr	0.5%	—	14,216	—	$433K
TQQQProshares Tr	0.5%	—	5,191	—	$420K
ORKAOruka Therapeutics Inc	0.4%	—	4,320	—	$411K
42824C208Hewlett Packard Enterprise C	0.4%	—	3,432	—	$397K
MPWRMonolithic Pwr Sys Inc	0.4%	—	286	—	$395K
EBCEastern Bankshares Inc	0.4%	—	17,729	—	$394K
URTHIshares Inc	0.4%	—	1,925	—	$390K
LSCCLattice Semiconductor Corp	0.4%	0.6%	2,434	-23.5%	$372K
GNTXGentex Corp	0.4%	—	14,383	—	$363K
ALGMAllegro Microsystems Inc	0.4%	—	5,197	—	$362K
AXSMAxsome Therapeutics, Inc.	0.4%	—	1,475	—	$361K
CGONCg Oncology Inc	0.4%	—	4,765	—	$339K
CINFCincinnati Finl Corporation	0.4%	—	1,818	—	$337K
MBBIshares Tr	0.3%	—	3,400	—	$321K
APPFAppfolio Inc	0.3%	—	1,942	—	$311K
GWWWw Grainger Inc	0.3%	—	227	—	$309K
URBNUrban Outfitters Inc	0.3%	—	4,235	—	$300K
MUUDirexion Shares ETF Trust	0.3%	—	286	—	$300K
NEE-PQNextera Energy Inc	0.3%	—	5,885	—	$292K
EQIXEquinix Inc	0.3%	—	269	—	$280K
CPBThe Campbells Company	0.3%	—	12,190	—	$271K
MTSIMacom Tech Solutions Hldgs I	0.3%	—	712	—	$271K
ROADConstruction Partners Inc	0.3%	—	2,194	—	$261K
IYWIshares Tr	0.3%	—	1,001	—	$252K
VOVanguard Index Fds	0.3%	—	3,122	—	$252K
ETHGrayscale Ethereum Staking	0.3%	—	16,591	—	$249K
EROKEaglerock Ld LLC	0.3%	—	11,623	—	$247K
AXSAxis Capital Holdings Ltd	0.3%	—	2,275	—	$244K
APPNAppian Corp	0.3%	—	10,603	—	$243K

What Ground Swell Capital, LLC bought and sold in Q2 2026, against Q1 2026.

New positions

Q1 2026's filing was too long to tell new positions apart.

Added to

AXICY Axia Energia SA+119.1% shares
ENTG Entegris Inc+71.6% shares

Reduced

LSCC Lattice Semiconductor Corp-23.5% shares

Left the top 50

Share counts compared with the Q1 2026 13F; a split also changes share counts. The latest filing lists more than 50 positions, so a position that left the top 50 may still be held.

How the holdings did against the S&P 500.

1 year: +26.1% /yr; S&P 500 +20.1%
3 years: +18.0% /yr; S&P 500 +20.4%
5 years: +9.1% /yr; S&P 500 +11.6%

A portfolio of the filer's 20 largest 13F positions, weighted by value, bought the trading day after each 13F was filed and held until the next one was: what copying this filer could have earned. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.

Reported 13F value by quarter.

13F value by quarter
Quarter	13F value	Positions
Q2 2026	$92.6M	145
Q1 2026	$50.7M	122
Q4 2025	$48.6M	87
Q3 2025	$45.7M	131
Q2 2025	$61.2M	140
Q1 2025	$43.9M	154
Q4 2024	$45.9M	142
Q3 2024	$70.2M	145
Q2 2024	$103.4M	170
Q1 2024	$95.4M	70
Q4 2023	$27.2M	68
Q3 2023	$59.2M	75

Questions about Ground Swell Capital, LLC's portfolio

What stocks does Ground Swell Capital, LLC own?

Ground Swell Capital, LLC's latest 13F, for Q2 2026 and filed Aug 5, 2026, lists 145 positions worth $92.6M. The largest are Ishares Tr (IVV) at 36.9%, Space Exploration Techn Corp (SPCX) at 15.7%, Ishares Tr (IWM) at 12.9%, Asml Hldg NV (ASML) at 3.6% and Cerebras Systems Inc (CBRS) at 2.1%.

What did Ground Swell Capital, LLC buy last quarter?

In Q2 2026, Ground Swell Capital, LLC added Axia Energia SA (AXICY) (+119.1% shares) and Entegris Inc (ENTG) (+71.6% shares), compared with its Q1 2026 filing.

What did Ground Swell Capital, LLC sell last quarter?

In Q2 2026, Ground Swell Capital, LLC cut from its top 50 Vanguard Index Fds (VOO), cut from its top 50 Invesco Qqq Tr (QQQ), cut from its top 50 Vaneck ETF Trust (PPH), cut from its top 50 Nvidia Corporation (NVDA), cut from its top 50 Apple Inc (AAPL) and Lattice Semiconductor Corp (LSCC) (-23.5% shares), compared with its Q1 2026 filing.

How has Ground Swell Capital, LLC's portfolio performed?

A portfolio copying Ground Swell Capital, LLC's 20 largest 13F holdings each quarter, from the day each filing was public, returned +18.0% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: +26.1% against +20.1%. Over 5 years: +9.1% a year against +11.6%.

When is Ground Swell Capital, LLC's next 13F filing due?

13F filings are due 45 days after each quarter ends. Ground Swell Capital, LLC's filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.

How much money does Ground Swell Capital, LLC manage?

Ground Swell Capital, LLC reported $949.2M of regulatory assets under management on its latest SEC Form ADV. Its 13F, which covers only US-listed stocks and options, totals $92.6M.