13F portfolio / Investment manager
Alpha Wave Global
Richard Gerson (founder, chairman, CIO) · Navroz Udwadia (co-founder)
The firm is based in Miami, FL, according to its SEC filings.
Its earliest 13F holdings report on SEC EDGAR was filed in February 2013.
SEC Form ADV lists Richard M. Gerson as founder, chairman and chief investment officer, and Navroz D. Udwadia and Ryan F. El Khoury as co-founders and partners.
The 13F shows long US-listed stock and option positions only. It leaves out short positions, cash, bonds and most non-US holdings.
- Reported 13F value
- $6.2B
- Positions
- 25
- Est. 1-yearEstimate
- -23.2%SPY +15.7%
- Est. 3-year, annualizedEstimate
- —SPY +22.8%
As of Jun 30, 2026 · filed Aug 13, 2026
Holdings
8 new · 9 added · 4 trimmed · 4 unchanged · 3 sold out
| 1 | SPCX on Yahoo Finance (opens in a new tab) | Space Exploration Techn CorpCLASS A COM STK | 85.5% | $5.3B | 31,246,965 | New | $170.68 | $144.89 | -15.1% |
| 2 | QXO on Yahoo Finance (opens in a new tab) | Qxo IncCOM NEW | 6.8% | $421M | 24,390,244 | Unchanged | $16.42 | $10.81 | -34.1% |
| 3 | CBRS on Yahoo Finance (opens in a new tab) | Cerebras Systems IncCOM CL A | 1.8% | $113M | 510,000 | New | $235.36 | $128.53 | -45.4% |
| 4 | ANRO on Yahoo Finance (opens in a new tab) | Alto Neuroscience IncCOM SHS | 1.6% | $98M | 3,707,757 | Unchanged | $15.65 | $22.24 | +42.1% |
| 5 | WWD on Yahoo Finance (opens in a new tab) | Woodward IncCOM | 0.7% | $44M | 102,279 | Added +5.7% | $181.45 | $327.90 | +80.7% |
| 6 | BA on Yahoo Finance (opens in a new tab) | Boeing CoCOM | 0.6% | $39M | 179,933 | Added +8.8% | $198.69 | $187.86 | -5.4% |
| 7 | RDNT on Yahoo Finance (opens in a new tab) | Radnet IncCOM | 0.5% | $29M | 472,643 | Trimmed -1.2% | $48.92 | $68.57 | +40.2% |
| 8 | VTR on Yahoo Finance (opens in a new tab) | Ventas IncCOM | 0.4% | $23M | 262,982 | Added +9.2% | $74.52 | $85.54 | +14.8% |
| 9 | CDP on Yahoo Finance (opens in a new tab) | Copt Defense PropertiesSHS BEN INT | 0.3% | $21M | 566,739 | Added +36.5% | $30.69 | $33.27 | +8.4% |
| 10 | LENZ on Yahoo Finance (opens in a new tab) | Lenz Therapeutics IncCOM | 0.3% | $21M | 3,612,211 | Unchanged | $11.07 | $3.29 | -70.3% |
| 11 | REZI on Yahoo Finance (opens in a new tab) | Resideo Technologies IncCOM | 0.3% | $17M | 554,136 | Trimmed -8.2% | $24.19 | $16.42 | -32.1% |
| 12 | AMRZ on Yahoo Finance (opens in a new tab) | Amrize LtdSHS | 0.3% | $17M | 315,299 | Trimmed -22.6% | $56.64 | $37.79 | -33.3% |
| 13 | LXP on Yahoo Finance (opens in a new tab) | LXP Industrial TrustCOM | 0.2% | $12M | 225,971 | New | $50.82 | $61.04 | +20.1% |
| 14 | NSP on Yahoo Finance (opens in a new tab) | Insperity IncCOM | 0.2% | $10M | 230,629 | New | $32.00 | $50.34 | +57.3% |
| 15 | CBL on Yahoo Finance (opens in a new tab) | CBL & Assoc Pptys IncCOMMON STOCK | 0.1% | $8M | 159,976 | Added +9.2% | $27.07 | $49.17 | +81.7% |
| 16 | JAN on Yahoo Finance (opens in a new tab) | Janus Living IncCL A-1 | 0.1% | $8M | 289,383 | New | $25.70 | $29.08 | +13.2% |
| 17 | PRCH on Yahoo Finance (opens in a new tab) | Porch Group IncCOM | 0.1% | $4M | 280,672 | Added +9.2% | $5.87* | $17.31 | +195.1% |
| 18 | HON on Yahoo Finance (opens in a new tab) | Honeywell Intl IncCOM | 0.1% | $4M | 16,396 | New | $232.30 | $211.44 | -9.0% |
| 19 | HONA on Yahoo Finance (opens in a new tab) | Honeywell Aerospace IncCOM | 0.1% | $4M | 16,396 | New | $240.18 | $168.11 | -30.0% |
| 20 | AMLX on Yahoo Finance (opens in a new tab) | Amylyx Pharmaceuticals IncCOM | 0.0% | $3M | 155,422 | Added +9.2% | $5.18 | $26.39 | +409.1% |
| 21 | DNN on Yahoo Finance (opens in a new tab) | Denison Mines CorpCOM | 0.0% | $3M | 819,433 | Added +9.2% | $1.81* | $2.26 | +24.9% |
| 22 | — | D. Boral Arc Acq I Corp.SHS CL A | 0.0% | $2M | 197,763 | New | — | — | — |
| 23 | PAYO on Yahoo Finance (opens in a new tab) | Payoneer Global IncCOM | 0.0% | $2M | 223,855 | Unchanged | $6.12* | $7.14 | +16.7% |
| 24 | NXE on Yahoo Finance (opens in a new tab) | Nexgen Energy LtdCOM | 0.0% | $1M | 149,398 | Added +9.2% | $6.43* | $8.30 | +29.0% |
| 25 | FRNM on Yahoo Finance (opens in a new tab) | Perceptive Cap Solutions CorCL A ORD SHS | 0.0% | $562K | 51,683 | Trimmed -67.1% | $11.28 | $11.83 | +4.9% |
Sold out since Q1 2026
- HII on Yahoo Finance (opens in a new tab)Huntington Ingalls Inds Inc$7M at Q1 2026
- NGVT on Yahoo Finance (opens in a new tab)Ingevity Corp$6M at Q1 2026
- RDW on Yahoo Finance (opens in a new tab)Redwire Corporation$1M at Q1 2026
Estimated, from reported holdings
Quarter by quarter
High-conviction buys (new positions at 3% or more of the portfolio) since Q3 2023: 13. Of 10 with six months of history, 70.0% beat the S&P 500 from the filing date.
Source: SEC Form 13F-HR 0001172661-26-003401, compared with the Q1 2026 report. 0 option rows are excluded from weights. Tickers map from CUSIP via OpenFIGI. Estimated returns weight each position’s next-quarter total return (Yahoo Finance adjusted closes) by its quarter-end value and assume no trades. Estimated cost averages daily adjusted closes in each quarter the share count rose, from Q3 2023 onward (* = held at the start of our data). Price is the latest close.
Important information
Form 13F data is delayed. Managers have up to 45 days after each calendar quarter to file, so holdings shown may have changed materially since the report date. 13F reports cover long positions in US-listed equities and certain other securities only; they exclude short positions, most non-US holdings, cash, bonds and private investments, and managers may request confidential treatment for some positions. Options rows are listed in filings but are not counted in the holdings and weights shown here.
Estimated holdings returns, estimated cost and high-conviction results are hypothetical calculations from quarter-end holdings and public prices, assuming no trades between reports. They are not the actual returns or costs of any fund or manager and do not reflect fees, trading, leverage, shorts or cash. Biographies are drawn from cited public sources. This page is for information only and is not individualized investment advice or a recommendation to buy or sell any security. Gulfstream Capital and its clients may hold positions in securities shown.