# EDGAR Filing Document

**Accession Number:** 0001534450
**File Stem:** 0001420506-26-000688
**Filing Date:** 2026-4
**Character Count:** 15591
**Document Hash:** 7a01b81004f617fbbedc997f54611309
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001420506-26-000688.hdr.sgml**: 20260421

**ACCESSION NUMBER**: 0001420506-26-000688

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260421

**DATE AS OF CHANGE**: 20260421

**EFFECTIVENESS DATE**: 20260421

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Ground Swell Capital, LLC
- **CENTRAL INDEX KEY:** 0001534450

**ORGANIZATION NAME:**
- **EIN:** 272835438
- **STATE OF INCORPORATION:** SC
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-16253
- **FILM NUMBER:** 26879526

**BUSINESS ADDRESS:**
- **STREET 1:** 105 WEST HURON AVENUE
- **STREET 2:** SUITE 205
- **CITY:** FOLLY BEACH
- **STATE:** SC
- **ZIP:** 29439
- **BUSINESS PHONE:** (843) 588-5169

**MAIL ADDRESS:**
- **STREET 1:** PO BOX 46
- **CITY:** FOLLY BEACH
- **STATE:** SC
- **ZIP:** 29439

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 03-31-2026

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** Ground Swell Capital LLC<br>**Address:** PO BOX 46<br>FOLLY BEACH, SC 29439

**Form 13F File Number:** 028-16253

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Joey Foxhall<br>**Title:** Chief Compliance Officer<br>**Phone:** (843) 588-5169

**Signature, Place, and Date of Signing:**

Joey Foxhall Chief Compliance Officer  FOLLY BEACH, SC  04-21-2026<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 122

**Form 13F Information Table Value Total:** $50684503

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| ABCELLERA BIOLOGICS INC | COM | 00288U106 |  | 55212 | 15820 | SH |  | SOLE |  | 15820 | 0 | 0 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 |  | 604187 | 2970 | SH |  | SOLE |  | 2970 | 0 | 0 |
| ADVISORSHARES TR | PURE US CANNABIS | 00768Y453 |  | 61436 | 17306 | SH |  | SOLE |  | 17306 | 0 | 0 |
| AGIOS PHARMACEUTICALS INC | COM | 00847X104 |  | 282379 | 8347 | SH |  | SOLE |  | 8347 | 0 | 0 |
| ANAPTYSBIO INC | COM | 032724106 |  | 422051 | 7610 | SH |  | SOLE |  | 7610 | 0 | 0 |
| APOLLO GLOBAL MGMT INC | SER A MAND CNV | 03769M304 |  | 424712 | 7265 | SH |  | SOLE |  | 7265 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 1525278 | 6010 | SH |  | SOLE |  | 6010 | 0 | 0 |
| ARCHER AVIATION INC | COM CL A | 03945R102 |  | 72964 | 14113 | SH |  | SOLE |  | 14113 | 0 | 0 |
| ARCHROCK INC | COM | 03957W106 |  | 217778 | 6258 | SH |  | SOLE |  | 6258 | 0 | 0 |
| ARMADA ACQUISITION CORP II | *W EXP 05/21/203 | G0R38G112 |  | 9856 | 16427 | SH |  | SOLE |  | 16427 | 0 | 0 |
| ASTERA LABS INC | COM | 04626A103 |  | 440921 | 4023 | SH |  | SOLE |  | 4023 | 0 | 0 |
| BALLARD PWR SYS INC NEW | COM | 058586108 |  | 25543 | 10555 | SH |  | SOLE |  | 10555 | 0 | 0 |
| BIONTECH SE | SPONSORED ADS | 09075V102 |  | 258108 | 2904 | SH |  | SOLE |  | 2904 | 0 | 0 |
| BLAIZE HLDGS INC | *W EXP 01/13/203 | 092915115 |  | 3625 | 10357 | SH |  | SOLE |  | 10357 | 0 | 0 |
| BWX TECHNOLOGIES INC | COM | 05605H100 |  | 228824 | 1119 | SH |  | SOLE |  | 1119 | 0 | 0 |
| CALCIMEDICA INC | COM NEW | 38942Q202 |  | 6646 | 12307 | SH |  | SOLE |  | 12307 | 0 | 0 |
| CASTELLUM INC | COM NEW | 14838T204 |  | 12433 | 21090 | SH |  | SOLE |  | 21090 | 0 | 0 |
| CCSC TECHNOLOGY INTL HLDGS L | CL A ORD SHS | G1993R118 |  | 4845 | 11128 | SH |  | SOLE |  | 11128 | 0 | 0 |
| CENTRAIS ELET BRAS SA | SPON ADS PFD B1 | 15235A102 |  | 196057 | 15647 | SH |  | SOLE |  | 15647 | 0 | 0 |
| CENTRAIS ELET BRAS SA | SPON ADS PF CL C | 15236F100 |  | 273240 | 25022 | SH |  | SOLE |  | 25022 | 0 | 0 |
| CHARTER COMMUNICATIONS INC | CL A | 16119P108 |  | 787098 | 3646 | SH |  | SOLE |  | 3646 | 0 | 0 |
| CIPHER DIGITAL INC | COM | 17253J106 |  | 147645 | 11472 | SH |  | SOLE |  | 11472 | 0 | 0 |
| CME GROUP INC | COM | 12572Q105 |  | 326066 | 1104 | SH |  | SOLE |  | 1104 | 0 | 0 |
| COTY INC | COM CL A | 222070203 |  | 26749 | 13308 | SH |  | SOLE |  | 13308 | 0 | 0 |
| DECENT HLDG INC | ORD SHS CL A | G2748R205 |  | 30948 | 10048 | SH |  | SOLE |  | 10048 | 0 | 0 |
| DIVERSIFIED HEALTHCARE TR | COM SH BEN INT | 25525P107 |  | 68286 | 10284 | SH |  | SOLE |  | 10284 | 0 | 0 |
| DREAMLAND LTD | SHS CL A | G28385105 |  | 1911 | 14269 | SH |  | SOLE |  | 14269 | 0 | 0 |
| DUOLINGO INC | CL A COM | 26603R106 |  | 985700 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| ELECTRA BATTERY MATERIALS CO | COM | 28474P706 |  | 26978 | 48175 | SH |  | SOLE |  | 48175 | 0 | 0 |
| ELONG POWER HOLDING LTD. | SHS CL A 2026 | G3016G129 |  | 25052 | 12402 | SH |  | SOLE |  | 12402 | 0 | 0 |
| ENTEGRIS INC | COM | 29362U104 |  | 478574 | 4082 | SH |  | SOLE |  | 4082 | 0 | 0 |
| EVERGY INC | COM | 30034W106 |  | 797983 | 9741 | SH |  | SOLE |  | 9741 | 0 | 0 |
| EXPEDITORS INTL WASH INC | COM | 302130109 |  | 263686 | 1841 | SH |  | SOLE |  | 1841 | 0 | 0 |
| FBS GLOBAL LTD | ORD SHS | G3337S109 |  | 8663 | 14553 | SH |  | SOLE |  | 14553 | 0 | 0 |
| FLUENCE ENERGY INC | COM CL A | 34379V103 |  | 173527 | 12611 | SH |  | SOLE |  | 12611 | 0 | 0 |
| FOXX DEV HLDGS INC | *W EXP 09/26/202 | 351665112 |  | 1252 | 14303 | SH |  | SOLE |  | 14303 | 0 | 0 |
| GEE GROUP INC | COM | 36165A102 |  | 2455 | 10224 | SH |  | SOLE |  | 10224 | 0 | 0 |
| GENERAL DYNAMICS CORP | COM | 369550108 |  | 241284 | 703 | SH |  | SOLE |  | 703 | 0 | 0 |
| GLOBAL ENGINE GROUP HOLDING | SHS CL A | G39711109 |  | 5866 | 15485 | SH |  | SOLE |  | 15485 | 0 | 0 |
| GLOBAL X FDS | GLOBAL X COPPER | 37954Y830 |  | 306087 | 4009 | SH |  | SOLE |  | 4009 | 0 | 0 |
| GLOBALSTAR INC | COM NEW | 378973507 |  | 231739 | 3489 | SH |  | SOLE |  | 3489 | 0 | 0 |
| GOSSAMER BIO INC | COM | 38341P102 |  | 5044 | 15356 | SH |  | SOLE |  | 15356 | 0 | 0 |
| GREENLANE HLDGS INC | CL A NEW | 395330509 |  | 7338 | 19833 | SH |  | SOLE |  | 19833 | 0 | 0 |
| ICL GROUP LTD | SHS | M53213100 |  | 69283 | 13375 | SH |  | SOLE |  | 13375 | 0 | 0 |
| ICON PLC | SHS | G4705A100 |  | 208594 | 1885 | SH |  | SOLE |  | 1885 | 0 | 0 |
| INTUITIVE SURGICAL INC | COM NEW | 46120E602 |  | 732052 | 1588 | SH |  | SOLE |  | 1588 | 0 | 0 |
| INVESCO EXCHANGE TRADED FD T | S EQL WGT | 46137V357 |  | 340850 | 1776 | SH |  | SOLE |  | 1776 | 0 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 1764439 | 3057 | SH |  | SOLE |  | 3057 | 0 | 0 |
| IONIS PHARMACEUTICALS INC | COM | 462222100 |  | 547031 | 7285 | SH |  | SOLE |  | 7285 | 0 | 0 |
| ISHARES TR | TIPS BD ETF | 464287176 |  | 453359 | 4108 | SH |  | SOLE |  | 4108 | 0 | 0 |
| ISHARES TR | 20 YR TR BD ETF | 464287432 |  | 872535 | 10065 | SH |  | SOLE |  | 10065 | 0 | 0 |
| ISHARES TR | ISHARES SEMICDTR | 464287523 |  | 1071760 | 3261 | SH |  | SOLE |  | 3261 | 0 | 0 |
| ISHARES TR | PFD AND INCM SEC | 464288687 |  | 227673 | 7509 | SH |  | SOLE |  | 7509 | 0 | 0 |
| J  FRIENDS HOLDINGS LTD | SPONSORED ADS | 72352G206 |  | 9607 | 10442 | SH |  | SOLE |  | 10442 | 0 | 0 |
| JETBLUE AIRWAYS CORP | COM | 477143101 |  | 55250 | 12500 | SH |  | SOLE |  | 12500 | 0 | 0 |
| JOBY AVIATION INC | COMMON STOCK | G65163100 |  | 139297 | 16864 | SH |  | SOLE |  | 16864 | 0 | 0 |
| KATAPULT HOLDINGS INC | *W EXP 06/09/202 | 485859110 |  | 32 | 12745 | SH |  | SOLE |  | 12745 | 0 | 0 |
| LATTICE SEMICONDUCTOR CORP | COM | 518415104 |  | 295070 | 3181 | SH |  | SOLE |  | 3181 | 0 | 0 |
| MASIMO CORP | COM | 574795100 |  | 234611 | 1319 | SH |  | SOLE |  | 1319 | 0 | 0 |
| MAZE THERAPEUTICS INC | COM | 578784100 |  | 406229 | 13609 | SH |  | SOLE |  | 13609 | 0 | 0 |
| META PLATFORMS INC | CL A | 30303M102 |  | 734043 | 1283 | SH |  | SOLE |  | 1283 | 0 | 0 |
| METTLER TOLEDO INTERNATIONAL | COM | 592688105 |  | 204314 | 162 | SH |  | SOLE |  | 162 | 0 | 0 |
| MICROCHIP TECHNOLOGY INC. | DEP SHS REPSTG | 595017302 |  | 200648 | 3522 | SH |  | SOLE |  | 3522 | 0 | 0 |
| MICROVAST HOLDINGS INC | COM | 59516C106 |  | 16971 | 11314 | SH |  | SOLE |  | 11314 | 0 | 0 |
| MOOG INC | CL A | 615394202 |  | 259572 | 887 | SH |  | SOLE |  | 887 | 0 | 0 |
| NEUROCRINE BIOSCIENCES INC | COM | 64125C109 |  | 496265 | 3767 | SH |  | SOLE |  | 3767 | 0 | 0 |
| NEW FORTRESS ENERGY INC | COM CL A | 644393100 |  | 11113 | 18835 | SH |  | SOLE |  | 18835 | 0 | 0 |
| NEWS CORP NEW | CL B | 65249B208 |  | 233525 | 8191 | SH |  | SOLE |  | 8191 | 0 | 0 |
| NOVA LTD | COM | M7516K103 |  | 532427 | 1226 | SH |  | SOLE |  | 1226 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 1555997 | 8922 | SH |  | SOLE |  | 8922 | 0 | 0 |
| OLB GROUP INC | COM | 67086U406 |  | 15955 | 32167 | SH |  | SOLE |  | 32167 | 0 | 0 |
| ONDAS INC | COM NEW | 68236H204 |  | 182671 | 20207 | SH |  | SOLE |  | 20207 | 0 | 0 |
| ORACLE CORP | 6.5 DEP CUM SR D | 68389X204 |  | 529858 | 11772 | SH |  | SOLE |  | 11772 | 0 | 0 |
| PG CORP | PFD CONV SER A | 69331C306 |  | 246333 | 5730 | SH |  | SOLE |  | 5730 | 0 | 0 |
| PHARMACYTE BIOTECH INC | COM NEW | 71715X203 |  | 7670 | 11527 | SH |  | SOLE |  | 11527 | 0 | 0 |
| PICARD MEDICAL INC | COM SHS | 71953R108 |  | 15414 | 14821 | SH |  | SOLE |  | 14821 | 0 | 0 |
| PINEAPPLE FINANCIAL INC | COM SHS | 72303K405 |  | 7209 | 11259 | SH |  | SOLE |  | 11259 | 0 | 0 |
| PINNACLE FOOD GROUP LTD | SHS CL A | G7173H101 |  | 34952 | 12264 | SH |  | SOLE |  | 12264 | 0 | 0 |
| PLUG PWR INC | COM NEW | 72919P202 |  | 95451 | 42235 | SH |  | SOLE |  | 42235 | 0 | 0 |
| POMDOCTOR LTD | SPONSORED ADS | 73181R108 |  | 2967 | 11555 | SH |  | SOLE |  | 11555 | 0 | 0 |
| PSQ HOLDINGS INC | CL A | 693691107 |  | 6304 | 11895 | SH |  | SOLE |  | 11895 | 0 | 0 |
| QUANTUM SI INC | COM CL A | 74765K105 |  | 7842 | 10132 | SH |  | SOLE |  | 10132 | 0 | 0 |
| RACKSPACE TECHNOLOGY INC | COM | 750102105 |  | 14464 | 14762 | SH |  | SOLE |  | 14762 | 0 | 0 |
| RADNET INC | COM | 750491102 |  | 262907 | 4704 | SH |  | SOLE |  | 4704 | 0 | 0 |
| RAMBUS INC DEL | COM | 750917106 |  | 310826 | 3613 | SH |  | SOLE |  | 3613 | 0 | 0 |
| ROCKET PHARMACEUTICALS INC | COM | 77313F106 |  | 50124 | 14001 | SH |  | SOLE |  | 14001 | 0 | 0 |
| RYANAIR HOLDINGS PLC | SPONSORED ADR | 783513203 |  | 588288 | 10178 | SH |  | SOLE |  | 10178 | 0 | 0 |
| RYDE GROUP LTD | CL A SHS | G7733R102 |  | 9302 | 17037 | SH |  | SOLE |  | 17037 | 0 | 0 |
| SANDISK CORP | COM | 80004C200 |  | 717299 | 1129 | SH |  | SOLE |  | 1129 | 0 | 0 |
| SOLID POWER INC | CLASS A COM | 83422N105 |  | 50781 | 16927 | SH |  | SOLE |  | 16927 | 0 | 0 |
| SPAR GROUP INC | COM | 784933103 |  | 8633 | 13802 | SH |  | SOLE |  | 13802 | 0 | 0 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A409 |  | 269840 | 2756 | SH |  | SOLE |  | 2756 | 0 | 0 |
| SPDR SERIES TRUST | STATE STREET SPD | 78468R556 |  | 246561 | 1356 | SH |  | SOLE |  | 1356 | 0 | 0 |
| SPRING VY ACQUISITION CORP I | *W EXP 09/04/203 | G8377R119 |  | 14393 | 13839 | SH |  | SOLE |  | 13839 | 0 | 0 |
| STATE STR SPDR DOW JONES IND | UT SER 1 | 78467X109 |  | 949076 | 2049 | SH |  | SOLE |  | 2049 | 0 | 0 |
| STATE STR SPDR S MIDCAP 40 | UTSER1 S | 78467Y107 |  | 765399 | 1241 | SH |  | SOLE |  | 1241 | 0 | 0 |
| STRATEGY INC | SERIES A PERP PF | 594972887 |  | 245117 | 3467 | SH |  | SOLE |  | 3467 | 0 | 0 |
| T1 ENERGY INC | *W EXP 07/09/202 | 35834F112 |  | 2421 | 10957 | SH |  | SOLE |  | 10957 | 0 | 0 |
| T3 DEFENSE INC | *W EXP 12/22/202 | 67054R112 |  | 1267 | 11575 | SH |  | SOLE |  | 11575 | 0 | 0 |
| T3 DEFENSE INC | COM NEW | 67054R203 |  | 19860 | 27687 | SH |  | SOLE |  | 27687 | 0 | 0 |
| TALON CAP CORP | UNIT 08/27/2030 | G86652115 |  | 135658 | 13044 | SH |  | SOLE |  | 13044 | 0 | 0 |
| TANTECH HLDGS LTD | ORD SHS CL A | G8675X156 |  | 8129 | 13801 | SH |  | SOLE |  | 13801 | 0 | 0 |
| TEN-LEAGUE INTL HLDGS LTD | USD ORD SHS | G8763W102 |  | 5353 | 21725 | SH |  | SOLE |  | 21725 | 0 | 0 |
| TERADYNE INC | COM | 880770102 |  | 474040 | 1599 | SH |  | SOLE |  | 1599 | 0 | 0 |
| TESLA INC | COM | 88160R101 |  | 567662 | 1527 | SH |  | SOLE |  | 1527 | 0 | 0 |
| THEMES ETF TR | LEVERAGE SHARES | 88340C735 |  | 5795 | 10198 | SH |  | SOLE |  | 10198 | 0 | 0 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 |  | 224138 | 456 | SH |  | SOLE |  | 456 | 0 | 0 |
| TRADEWEB MKTS INC | CL A | 892672106 |  | 224495 | 1908 | SH |  | SOLE |  | 1908 | 0 | 0 |
| TRANSOCEAN LTD | REGISTERED SHS | H8817H100 |  | 79938 | 12057 | SH |  | SOLE |  | 12057 | 0 | 0 |
| TUNIU CORP | SPONSORED ADS | 89977P106 |  | 8776 | 11397 | SH |  | SOLE |  | 11397 | 0 | 0 |
| UPWORK INC | COM | 91688F104 |  | 116373 | 10618 | SH |  | SOLE |  | 10618 | 0 | 0 |
| VANECK ETF TRUST | PHARMACEUTCL ETF | 92189F692 |  | 1604427 | 15445 | SH |  | SOLE |  | 15445 | 0 | 0 |
| VANECK ETF TRUST | OIL SERVICES ETF | 92189H607 |  | 286181 | 708 | SH |  | SOLE |  | 708 | 0 | 0 |
| VANGUARD BD INDEX FDS | TOTAL BND MRKT | 921937835 |  | 202215 | 2746 | SH |  | SOLE |  | 2746 | 0 | 0 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 17814758 | 29813 | SH |  | SOLE |  | 29813 | 0 | 0 |
| VISTRA CORP | COM | 92840M102 |  | 228802 | 1522 | SH |  | SOLE |  | 1522 | 0 | 0 |
| WELLS FARGO  CO | PERP PFD CNV A | 949746804 |  | 222915 | 193 | SH |  | SOLE |  | 193 | 0 | 0 |
| WHIRLPOOL CORP | 8.5 DEP SR A CNV | 963320205 |  | 454381 | 11096 | SH |  | SOLE |  | 11096 | 0 | 0 |
| YEXT INC | COM | 98585N106 |  | 63759 | 16604 | SH |  | SOLE |  | 16604 | 0 | 0 |
| YUM CHINA HLDGS INC | COM | 98850P109 |  | 205852 | 4220 | SH |  | SOLE |  | 4220 | 0 | 0 |
| ZEBRA TECHNOLOGIES CORPORATI | CL A | 989207105 |  | 316756 | 1515 | SH |  | SOLE |  | 1515 | 0 | 0 |
| ZENTEK LTD | COM | 98942X102 |  | 6343 | 12018 | SH |  | SOLE |  | 12018 | 0 | 0 |

---