No. (at least not in the way you imagine)
The requirement for something to orbit is a region of space with positive curvature. The curvature can be determined from the "stress energy tensor" and so you need a region of space with a concentration of "energy". But the only practical way the universe has of concentrating that much energy into a small space (so that something can orbit it) is the "frozen" form of energy that we call "mass".
Now there is a thing called a "kugelblitz", it is a black hole made of light. If you get enough light energy into a small enough region of space, the energy of the light will cause space to curve and create a black hole. That black hole will be indistinguishable for any other black hole, and things could orbit it. Now gravitational waves also carry energy, so if you focussed enough gravitational waves into a small region of space, you could create a gravitational kugelblitz, which would be a black hole formed of gravitational radiation, and you could orbit it. It would be exactly like any other black hole.
But don't get your hopes up. Kugelblitz are completely theoretical, as nobody has anything like the practical ability to focus light into a sufficiently small region of space. And gravitational kugelblitz are far far harder to create than one made of light. There is no practical way of focussing gravitational waves. Those produced by a black hole merger just spread out. It wouldn't be practically possible to produce enough gravitational waves that overlap to create a black hole.
And anyway this isn't a planet orbiting a wave, it is just a planet orbiting a black hole.
Gravitational waves produced from merging black holes spread out, they aren't beamed, and aren't confined to a planet sized region of space. There isn't an astrophysical process that can create a pulse of gravitational waves in a narrow beam, so its just not possible to get a solar mass of gravitational wave energy inside a planet. (but god help planet if you did, the stress would be immense)
Gravitational waves don't act like "tractor beams". As the pass matter is stretched and compressed, deforming circles into ellipses. It doesn't cause matter to get pulled together. They can't cause gravitational collapse. They don't make the planet smaller or form a white dwarf or anything like that.
So the simple answer to your question is "No".