Longwave Capital is a Sydney-based boutique fund manager led by chief investment officer David Wanis, specializing in Australian and New Zealand small-cap equities distributed through the Pinnacle Investment Management platform. Unlike many concentrated small-cap peers holding 30-40 stocks, Longwave runs a more diversified portfolio of around 110 holdings, deliberately blending different investment styles (quality, growth and value/turnaround situations) to smooth returns for investors, particularly those approaching retirement who prioritize consistency over maximum upside. The firm combines intensive fundamental analysis with quantitative technology to build its portfolio, targeting outperformance of the S&P/ASX Small Ordinaries Accumulation Index over the long term. Longwave has been recognized as an Emerging Manager of the Year by ratings houses including Lonsec and SuperRatings.