Aquatic Capital Management Portfolio holdings
Aquatic Capital Management is a computer-driven investment firm founded by Jonathan Graham, a former Citadel partner and senior managing director who worked there for over 13 years. Its trading strategies come from mathematical, statistical and machine-learning models applied to historical and live market data, with orders sent through an automated trading system. The firm manages private funds only, organised as a master fund with onshore and offshore feeder funds, which began operating in 2021. It is owned by Aquatic Holdings, which is mainly held by trusts for Graham's family.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Netflix
NFLX
|
+$69.1M |
| 2 |
Oracle
ORCL
|
+$43.9M |
| 3 |
Intuit
INTU
|
+$42.6M |
| 4 |
Qualcomm
QCOM
|
+$39.1M |
| 5 |
Intuitive Surgical
ISRG
|
+$32.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Tesla
TSLA
|
+$41M |
| 2 |
TSMC
TSM
|
+$40.8M |
| 3 |
Rocket Companies
RKT
|
+$38.6M |
| 4 |
Advanced Micro Devices
AMD
|
+$35.6M |
| 5 |
GE Aerospace
GE
|
+$32.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 19.22% |
| 2 | Healthcare | 16.04% |
| 3 | Financials | 14.72% |
| 4 | Industrials | 13.43% |
| 5 | Consumer Discretionary | 10.78% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
Meta Platforms (Facebook)
META
$1.64T
| $61.9M | 2.13% |
109,852
+33,775
| +44% | +$20.7M |
2024 Q4
6 quarters
|
|
|
2
Netflix
NFLX
$260B
| $56.1M | 1.93% |
+785,172
| New | +$69.1M |
2026 Q2
0 quarters
|
|
3
Boston Scientific
BSX
$64.8B
| $42.1M | 1.44% |
985,535
+494,913
| +101% | +$26.9M |
2025 Q3
3 quarters
|
|
|
4
Qualcomm
QCOM
$186B
| $38.6M | 1.33% |
+209,032
| New | +$39.1M |
2026 Q2
0 quarters
|
|
|
5
Oracle
ORCL
$368B
| $35.5M | 1.22% |
+242,037
| New | +$43.9M |
2026 Q2
0 quarters
|
|
|
6
Intuitive Surgical
ISRG
$156B
| $33M | 1.13% |
82,901
+75,113
| +964% | +$32.8M |
2024 Q3
7 quarters
|
|
|
7
Intuit
INTU
$91B
| $31.9M | 1.1% |
+122,381
| New | +$42.6M |
2026 Q2
0 quarters
|
|
8
Mastercard
MA
$574B
| $30.7M | 1.05% |
59,754
+22,011
| +58% | +$11M |
2026 Q1
1 quarter
|
|
9
Amazon
AMZN
$2.93T
| $26M | 0.89% |
+108,961
| New | +$27.4M |
2026 Q2
0 quarters
|
|
10
Zoetis
ZTS
$33.5B
| $21.6M | 0.74% |
300,272
+284,234
| +1,772% | +$26.8M |
2026 Q1
1 quarter
|
|
11
Seagate
STX
$115B
| $21.3M | 0.73% |
22,073
-10,646
| -33% | -$8.12M |
2025 Q1
5 quarters
|
|
12
Broadcom
AVGO
$1.58T
| $20.6M | 0.71% |
54,617
-53,653
| -50% | -$21.5M |
2026 Q1
1 quarter
|
|
13
American Airlines Group
AAL
$9.35B
| $20.4M | 0.7% |
+1,127,356
| New | +$15.1M |
2026 Q2
0 quarters
|
|
14
Regeneron Pharmaceuticals
REGN
$94.8B
| $20.3M | 0.7% |
+32,577
| New | +$22.2M |
2026 Q2
0 quarters
|
|
15
Alphabet (Google) Class A
GOOGL
$3.53T
| $20M | 0.69% |
55,940
-50,374
| -47% | -$18.1M |
2025 Q4
2 quarters
|
|
16
McKesson
MCK
$125B
| $19.6M | 0.67% |
+26,001
| New | +$20.6M |
2026 Q2
0 quarters
|
|
17
AutoZone
AZO
$51.8B
| $19.2M | 0.66% |
+6,019
| New | +$20M |
2026 Q2
0 quarters
|
|
18
NVIDIA
NVDA
$4.08T
| $19.2M | 0.66% |
+95,831
| New | +$19.7M |
2026 Q2
0 quarters
|
|
19
Accenture
ACN
$153B
| $18.8M | 0.65% |
151,023
+156
| +0.1% | +$27.1K |
2026 Q1
1 quarter
|
|
20
Microsoft
MSFT
$3.96T
| $18.8M | 0.64% |
50,333
-51,614
| -51% | -$20.9M |
2025 Q3
3 quarters
|
|
21
CME Group
CME
$111B
| $18.6M | 0.64% |
+84,339
| New | +$23.3M |
2026 Q2
0 quarters
|
|
22
Intel
INTC
$309B
| $18.2M | 0.63% |
130,334
-211,638
| -62% | -$21.4M |
2026 Q1
1 quarter
|
|
23
Nokia
NOK
$46.7B
| $18.1M | 0.62% |
+1,362,016
| New | +$17.5M |
2026 Q2
0 quarters
|
|
24
Walmart Inc
WMT
$996B
| $17.5M | 0.6% |
+154,785
| New | +$19.2M |
2026 Q2
0 quarters
|
|
25
Robinhood
HOOD
$73.2B
| $17.4M | 0.6% |
+173,132
| New | +$14.5M |
2026 Q2
0 quarters
|
|
Similar funds
Aquatic Capital Management's Q2 2026 Portfolio in Review
As of Q2 2026, Aquatic Capital Management held 1,856 positions worth $2.91B, down 16% from $3.48B the previous quarter. Its ten largest holdings account for 13% of the portfolio.
Aquatic Capital Management withdrew a net $685M in Q2 2026, closing 639 positions and reducing 325 holdings. Its most notable exit was TSMC, an estimated $40.8M position sold in full.
By sector, the portfolio is most concentrated in Technology at 19% of assets, down from 20% a quarter earlier, followed by Healthcare and Financials.
Against the trend, Aquatic Capital Management opened a new position in Netflix worth $56.1M.
- Aquatic Capital Management's largest Q2 2026 buy was Netflix: 785,172 shares worth $56.1M.
- Aquatic Capital Management added most to Intuitive Surgical in Q2 2026, an estimated $32.8M increase.
- Aquatic Capital Management's biggest Q2 2026 reduction was Tesla, cutting an estimated $41M.
- Aquatic Capital Management fully exited TSMC in Q2 2026, selling an estimated $40.8M.
- Aquatic Capital Management's ten largest holdings make up 13% of its $2.91B portfolio in Q2 2026.
- Aquatic Capital Management opened 554 new positions and closed 639 in Q2 2026.
- Aquatic Capital Management's portfolio value fell 16% quarter-over-quarter to $2.91B.
Based on Aquatic Capital Management's 13F filing for Q2 2026, filed 14 Aug 2026.