Monitor for any subsequent conversion to a Schedule 13D (activist filing) or further stake increases, as Citadel's large passive position could precede a more active engagement. The 9.99% holding is just under the 10% threshold that would trigger additional disclosure requirements.
Price Chart
Executive Summary
Citadel Advisors LLC and affiliates, including Kenneth Griffin, disclosed a passive 9.85% beneficial ownership stake in Eco Wave Power Global AB (publ) via a Schedule 13G filed October 6, 2026, as of June 30, 2026. The stake comprises 5,106,671 American Depositary Shares held by Citadel Advisors and 70,544 held by Citadel Securities, with Griffin deemed to own 9.99% total. The filing is passive under Rule 13d-1(b) with no intent to influence control, but the large position from a major multi-strategy fund signals conviction in the wave energy company.
Key Financial Metrics
Key Facts
- Citadel Advisors LLC and affiliates filed a Schedule 13G disclosing beneficial ownership of 5,177,215 American Depositary Shares (each representing 8 common shares) in Eco Wave Power Global AB (publ).
- The stake represents 9.99% of shares outstanding as calculated by the filer, based on 51,823,979 shares outstanding (including 1,906,671 shares issuable upon conversion of certain warrants).
- The filing is made under Rule 13d-1(b), indicating passive investment intent with no purpose of changing or influencing control.
- Citadel Advisors LLC is deemed to beneficially own 5,106,671 shares (9.85%), Citadel Securities LLC owns 70,544 shares (0.14%), and Kenneth Griffin is deemed to own 5,177,215 shares (9.99%).
- The filing date is October 6, 2026, with beneficial ownership as of June 30, 2026.
Financial Impact
9.99% passive stake in a micro-cap wave energy company; no transaction value disclosed.
Risk Factors
- Passive filing status could change if Citadel later engages with management or seeks board representation.
- Micro-cap liquidity risk — a position of this size could be difficult to exit without price impact.
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| SC 13G Filing (Primary) | 0001104659-26-114131 |
| Document: 0001104659-26-114131-index-headers.html | 0001104659-26-114131 |
| Document: 0001104659-26-114131-index.html | 0001104659-26-114131 |
| Document: 0001104659-26-114131.txt | 0001104659-26-114131 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 6, 2026 20d ago | SC 13G | $5.90 | awaiting T+60 | — | $4.75 (−19.49%) |
Sep 22, 2026 4w ago | 6-K | $6.51 | awaiting T+60 | — | $4.75 (−27.04%) |
Sep 2, 2026 7w ago | 6-K | $6.10 | awaiting T+60 | — | $4.75 (−22.13%) |
Aug 17, 2026 10w ago | 6-K | $6.97 | awaiting T+60 | — | $4.75 (−31.85%) |
Aug 13, 2026 10w ago | 6-K | $7.08 | awaiting T+60 | — | $4.75 (−32.91%) |
Aug 11, 2026 10w ago | 6-K | $7.25 | awaiting T+60 | — | $4.75 (−34.44%) |
Jul 21, 2026 13w ago | 6-K | $8.26 $5.52 | ▼ −33.17% | ▼ −37.15% | $4.75 (−42.49%) |
Jul 16, 2026 14w ago | 6-K | $8.85 $5.86 | ▼ −33.79% | ▼ −37.50% | $4.75 (−46.33%) |
Jun 30, 2026 16w ago | 6-K | $8.52 $6.09 | ▼ −28.52% | ▼ −31.48% | $4.75 (−44.25%) |
Jun 29, 2026 17w ago | 6-K | $8.83 $6.51 | ▼ −26.27% | ▼ −30.66% | $4.75 (−46.21%) |
US Market Status
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