Alina Ching and Marissa Chow both tied for fourth place at the Stanford Intercollegiate.
Sunday's final round is also the last round of the fall season for the Waves.
Pepperdine is tied for sixth place with two rounds to play.
The Waves will be back in action at the Golfweek Conference Challenge next week.
Pepperdine is the defending champion at the Dick McGuire Invitational.
Jeff Golden's photos of the 2014 Bruin Wave Invitational, at which Pepperdine finished second.
Jeff Golden photos from the first round of the Northrop Grumman Regional Challenge.
PEPPERDINE 2013-14: Averaged 79.50 strokes in 12 rounds as a freshman ... Was in the lineup for three of her four tournaments ... Best finish was a tie for 29th at the Anuenue Spring Break Classic ... Best round was a 1-over 73 in the first round there ... Earned WGCA All-American Scholar honors ... Earned WCC Commissioner's Honor Roll "silver" honors and was a Pepperdine Scholar-Athlete.
AMATEUR/JUNIOR GOLF: Was the third-ranked junior in Paraguay in 2012 and ranked fifth among all women's golfers ... Won the 2012 Bob Jones Invitational at Yorba Linda ... Finished second at the 2012 Paraguayan Match Play Championship ... Took 10th place at the 2012 AJGA Junior Challenge ... Has represented Paraguay at various South American tournaments.
HIGH SCHOOL: Graduated from Asuncion Christian Academy in Asuncion, Paraguay, in 2013.
PERSONAL: Born in Pasadena, Calif., and moved to Paraguay at the age of 3 ... Daughter of Osvaldo and Veronica Arza ... Has one sister, Giulianna ... Chose to attend Pepperdine because "I felt it was the place where God called me to be. Every door opened up at Pepperdine and since the moment I heard of it, it became my dream."
FAVORITES: Enjoys watching movies, reading, eating, having new adventures and being involved in church activities ... Favorites include the Centenarioo Club in Paraguay (golf course), The Help (book), Silver Linings Playbook (movie), The Big Bang Theory (TV show), pasta (food) and soccer (sport other than golf) ... Favorite thing about golf is "it is challenging in every aspect, and wanting to overcome the challenges makes me love it, because the challenges are where I learn the most."