# EDGAR Filing Document

**Accession Number:** 0001534450
**File Stem:** 0001420506-26-000162
**Filing Date:** 2026-2
**Character Count:** 11998
**Document Hash:** 7fb9336aca7e1703dbf3555674ebbacf
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001420506-26-000162.hdr.sgml**: 20260204

**ACCESSION NUMBER**: 0001420506-26-000162

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260204

**DATE AS OF CHANGE**: 20260204

**EFFECTIVENESS DATE**: 20260204

**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:** 26597714

**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:** 12-31-2025

**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  02-04-2026<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:** 87

**Form 13F Information Table Value Total:** $48590993

      (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 |
| 3M CO | COM | 88579Y101 |  | 254399 | 1589 | SH |  | SOLE |  | 1589 | 0 | 0 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 |  | 428106 | 1999 | SH |  | SOLE |  | 1999 | 0 | 0 |
| AGILYSYS INC | COM | 00847J105 |  | 233283 | 1963 | SH |  | SOLE |  | 1963 | 0 | 0 |
| AGNICO EAGLE MINES LTD | COM | 008474108 |  | 290574 | 1714 | SH |  | SOLE |  | 1714 | 0 | 0 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 541933 | 1727 | SH |  | SOLE |  | 1727 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 476643 | 2065 | SH |  | SOLE |  | 2065 | 0 | 0 |
| AMGEN INC | COM | 031162100 |  | 304726 | 931 | SH |  | SOLE |  | 931 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 300949 | 1107 | SH |  | SOLE |  | 1107 | 0 | 0 |
| ATERIAN INC | COM NEW | 02156U200 |  | 11865 | 17065 | SH |  | SOLE |  | 17065 | 0 | 0 |
| AUTOMATIC DATA PROCESSING IN | COM | 053015103 |  | 254658 | 990 | SH |  | SOLE |  | 990 | 0 | 0 |
| BASEL MED GROUP LTD | ORD SHS | G0864B103 |  | 16515 | 33705 | SH |  | SOLE |  | 33705 | 0 | 0 |
| BRAG HSE HLDGS INC | COM | 104813209 |  | 7220 | 18049 | SH |  | SOLE |  | 18049 | 0 | 0 |
| CBAK ENERGY TECHNOLOGY INC | COM | 14986C102 |  | 13639 | 16332 | SH |  | SOLE |  | 16332 | 0 | 0 |
| CORCEPT THERAPEUTICS INC | COM | 218352102 |  | 239598 | 6885 | SH |  | SOLE |  | 6885 | 0 | 0 |
| CROWDSTRIKE HLDGS INC | CL A | 22788C105 |  | 212348 | 453 | SH |  | SOLE |  | 453 | 0 | 0 |
| DIREXION SHS ETF TR | DLY TECH BULL 3X | 25459W102 |  | 211834 | 1803 | SH |  | SOLE |  | 1803 | 0 | 0 |
| DIREXION SHS ETF TR | DLY SCOND 3XBU | 25459W458 |  | 472249 | 11236 | SH |  | SOLE |  | 11236 | 0 | 0 |
| DOCUSIGN INC | COM | 256163106 |  | 401850 | 5875 | SH |  | SOLE |  | 5875 | 0 | 0 |
| DOORDASH INC | CL A | 25809K105 |  | 320243 | 1414 | SH |  | SOLE |  | 1414 | 0 | 0 |
| DYNAMIX CORP | *W EXP 10/25/202 | G2949D112 |  | 16755 | 10472 | SH |  | SOLE |  | 10472 | 0 | 0 |
| ENERGYS GROUP LTD | SHS | G3040B104 |  | 11770 | 13820 | SH |  | SOLE |  | 13820 | 0 | 0 |
| FIRST CTZNS BANCSHARES INC D | CL A | 31946M103 |  | 221057 | 103 | SH |  | SOLE |  | 103 | 0 | 0 |
| FUBOTV INC | CLASS A COM SHS | 35953D104 |  | 29635 | 11760 | SH |  | SOLE |  | 11760 | 0 | 0 |
| GLOBAL X FDS | NASDAQ 100 COVER | 37954Y483 |  | 181365 | 10264 | SH |  | SOLE |  | 10264 | 0 | 0 |
| HAYMAKER ACQUISITION CORP IV | *W EXP 05/31/202 | G4375F116 |  | 17081 | 11020 | SH |  | SOLE |  | 11020 | 0 | 0 |
| HCM III ACQUISITION CORP | *W EXP 07/23/203 | G4365E111 |  | 8651 | 18175 | SH |  | SOLE |  | 18175 | 0 | 0 |
| HEARTCORE ENTERPRISES INC | COM | 42240Q104 |  | 4753 | 15575 | SH |  | SOLE |  | 15575 | 0 | 0 |
| HIVE DIGITAL TECHNOLOGIES LT | COM NEW | 433921103 |  | 27100 | 10504 | SH |  | SOLE |  | 10504 | 0 | 0 |
| HONEYWELL INTL INC | COM | 438516106 |  | 322679 | 1654 | SH |  | SOLE |  | 1654 | 0 | 0 |
| INTUITIVE SURGICAL INC | COM NEW | 46120E602 |  | 388523 | 686 | SH |  | SOLE |  | 686 | 0 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 30715500 | 50000 | SH |  | SOLE |  | 50000 | 0 | 0 |
| ISHARES BITCOIN TRUST ETF | SHS BEN INT | 46438F101 |  | 206395 | 4157 | SH |  | SOLE |  | 4157 | 0 | 0 |
| ISHARES TR | 20 YR TR BD ETF | 464287432 |  | 1061173 | 12175 | SH |  | SOLE |  | 12175 | 0 | 0 |
| ISHARES TR | RUS 1000 VAL ETF | 464287598 |  | 296790 | 1411 | SH |  | SOLE |  | 1411 | 0 | 0 |
| ISHARES TR | INTL TREA BD ETF | 464288117 |  | 222214 | 5334 | SH |  | SOLE |  | 5334 | 0 | 0 |
| ITERUM THERAPEUTICS PLC | SHS NEW | G6333L200 |  | 6860 | 20477 | SH |  | SOLE |  | 20477 | 0 | 0 |
| JFROG LTD | ORD SHS | M6191J100 |  | 267141 | 4277 | SH |  | SOLE |  | 4277 | 0 | 0 |
| KINDLY MD INC | COM | 49457M106 |  | 4213 | 12000 | SH |  | SOLE |  | 12000 | 0 | 0 |
| KRISPY KREME INC | COM | 50101L106 |  | 66664 | 16583 | SH |  | SOLE |  | 16583 | 0 | 0 |
| LEIDOS HOLDINGS INC | COM | 525327102 |  | 202589 | 1123 | SH |  | SOLE |  | 1123 | 0 | 0 |
| LINKERS INDS LTD | SHS CL A | G5496W102 |  | 4437 | 13947 | SH |  | SOLE |  | 13947 | 0 | 0 |
| LISATA THERAPEUTICS INC | COM | 128058302 |  | 72516 | 38987 | SH |  | SOLE |  | 38987 | 0 | 0 |
| LM FDG AMER INC | COM NEW | 502074503 |  | 13133 | 29585 | SH |  | SOLE |  | 29585 | 0 | 0 |
| LPL FINL HLDGS INC | COM | 50212V100 |  | 224303 | 628 | SH |  | SOLE |  | 628 | 0 | 0 |
| MERCK  CO INC | COM | 58933Y105 |  | 262308 | 2492 | SH |  | SOLE |  | 2492 | 0 | 0 |
| MINT INCORPORATION LTD | SHS CL A | G6146G109 |  | 3004 | 10013 | SH |  | SOLE |  | 10013 | 0 | 0 |
| MYND AI INC | SPON ADS | 628988107 |  | 5990 | 13708 | SH |  | SOLE |  | 13708 | 0 | 0 |
| NETAPP INC | COM | 64110D104 |  | 242773 | 2267 | SH |  | SOLE |  | 2267 | 0 | 0 |
| NXP SEMICONDUCTORS N V | COM | N6596X109 |  | 1073145 | 4944 | SH |  | SOLE |  | 4944 | 0 | 0 |
| OFFERPAD SOLUTIONS INC | COM CL A | 67623L307 |  | 19517 | 16130 | SH |  | SOLE |  | 16130 | 0 | 0 |
| ONCOLYTICS BIOTECH INC | COM NEW | 682310875 |  | 30064 | 34398 | SH |  | SOLE |  | 34398 | 0 | 0 |
| ONDAS HLDGS INC | COM NEW | 68236H204 |  | 396480 | 40623 | SH |  | SOLE |  | 40623 | 0 | 0 |
| ORACLE CORP | COM | 68389X105 |  | 275018 | 1411 | SH |  | SOLE |  | 1411 | 0 | 0 |
| PDS BIOTECHNOLOGY CORP | COM | 70465T107 |  | 11318 | 14703 | SH |  | SOLE |  | 14703 | 0 | 0 |
| PEPSICO INC | COM | 713448108 |  | 491412 | 3424 | SH |  | SOLE |  | 3424 | 0 | 0 |
| PINNACLE FINL PARTNERS INC | COM | 72346Q104 |  | 1339747 | 14042 | SH |  | SOLE |  | 14042 | 0 | 0 |
| PROSPECT CAP CORP | COM | 74348T102 |  | 27876 | 10763 | SH |  | SOLE |  | 10763 | 0 | 0 |
| QUALCOMM INC | COM | 747525103 |  | 221681 | 1296 | SH |  | SOLE |  | 1296 | 0 | 0 |
| RAIL VISION LTD | SHS NEW | M8186D122 |  | 7961 | 24570 | SH |  | SOLE |  | 24570 | 0 | 0 |
| RALLYBIO CORP | COM | 75120L100 |  | 10565 | 15399 | SH |  | SOLE |  | 15399 | 0 | 0 |
| RENOVORX INC | COM NEW | 75989R107 |  | 11435 | 13611 | SH |  | SOLE |  | 13611 | 0 | 0 |
| REVOLUTION MEDICINES INC | *W EXP 12/17/202 | 76155X118 |  | 12795 | 13613 | SH |  | SOLE |  | 13613 | 0 | 0 |
| RICHTECH ROBOTICS INC | CL B | 765504105 |  | 52730 | 16325 | SH |  | SOLE |  | 16325 | 0 | 0 |
| ROKU INC | COM CL A | 77543R102 |  | 546573 | 5038 | SH |  | SOLE |  | 5038 | 0 | 0 |
| ROSS STORES INC | COM | 778296103 |  | 222473 | 1235 | SH |  | SOLE |  | 1235 | 0 | 0 |
| SABRE CORP | COM | 78573M104 |  | 17207 | 12652 | SH |  | SOLE |  | 12652 | 0 | 0 |
| SHOE CARNIVAL INC | COM | 824889109 |  | 185072 | 10964 | SH |  | SOLE |  | 10964 | 0 | 0 |
| SIDUS SPACE INC | CL A COM NEW | 826165201 |  | 32935 | 10489 | SH |  | SOLE |  | 10489 | 0 | 0 |
| SOLITARIO RESOURCES CORP | COM | 8342EP107 |  | 12000 | 17222 | SH |  | SOLE |  | 17222 | 0 | 0 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A755 |  | 221104 | 2134 | SH |  | SOLE |  | 2134 | 0 | 0 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A870 |  | 209842 | 1721 | SH |  | SOLE |  | 1721 | 0 | 0 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A888 |  | 225071 | 2186 | SH |  | SOLE |  | 2186 | 0 | 0 |
| STRIVE INC | CL A COM | 862945102 |  | 7841 | 10624 | SH |  | SOLE |  | 10624 | 0 | 0 |
| SYNOVUS FINL CORP | COM NEW | 87161C501 |  | 431581 | 8623 | SH |  | SOLE |  | 8623 | 0 | 0 |
| TALON CAP CORP | UNIT 08/27/2030 | G86652115 |  | 148565 | 14480 | SH |  | SOLE |  | 14480 | 0 | 0 |
| TERADYNE INC | COM | 880770102 |  | 315890 | 1632 | SH |  | SOLE |  | 1632 | 0 | 0 |
| TESLA INC | COM | 88160R101 |  | 667384 | 1484 | SH |  | SOLE |  | 1484 | 0 | 0 |
| TEXAS INSTRS INC | COM | 882508104 |  | 310721 | 1791 | SH |  | SOLE |  | 1791 | 0 | 0 |
| TOWER SEMICONDUCTOR LTD | SHS NEW | M87915274 |  | 232492 | 1980 | SH |  | SOLE |  | 1980 | 0 | 0 |
| TRINSEO PLC | SHS | G9059U107 |  | 5847 | 11765 | SH |  | SOLE |  | 11765 | 0 | 0 |
| UNI-FUELS HLDGS LTD | SHS CL A | G92Y4F100 |  | 61075 | 89803 | SH |  | SOLE |  | 89803 | 0 | 0 |
| URBAN-GRO INC | COM NEW | 91704K202 |  | 4336 | 15484 | SH |  | SOLE |  | 15484 | 0 | 0 |
| VANGUARD INDEX FDS | SMALL CP ETF | 922908751 |  | 345395 | 1339 | SH |  | SOLE |  | 1339 | 0 | 0 |
| VIZSLA SILVER CORP | COM NEW | 92859G608 |  | 85004 | 15540 | SH |  | SOLE |  | 15540 | 0 | 0 |
| WORKDAY INC | CL A | 98138H101 |  | 209625 | 976 | SH |  | SOLE |  | 976 | 0 | 0 |
| XWELL INC | COM NEW | 98420U802 |  | 4752 | 10206 | SH |  | SOLE |  | 10206 | 0 | 0 |
| ZOOZ STRATEGY LTD | SHARE | M2573A106 |  | 6460 | 14749 | SH |  | SOLE |  | 14749 | 0 | 0 |

---