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Headwater Capital Portfolio holdings

AUM $500M
1-Year Est. Return 72.8%
This Fund
S&P 500
This Quarter Est. Return
+25.22%
1 Year Est. Return
+72.8%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$500M
AUM Growth
-$122M
Cap. Flow
+$190M
Cap. Flow %
37.89%
Top 10 Hldgs %
88.57%
Holding
21
New
6
Increased
2
Reduced
7
Closed
6

Top Buys

Rank Stock Value
1
AMZN icon
Amazon
AMZN
+$32.6M
2
FUTU icon
Futu Holdings
FUTU
+$27.5M
3
V icon
Visa
V
+$22.5M
4
BWXT icon
BWX Technologies
BWXT
+$16.7M
5
APP icon
Applovin
APP
+$9.65M

Top Sells

Rank Stock Value
1
MU icon
Micron Technology
MU
+$64.5M
2
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$57.6M
3
NVDA icon
NVIDIA
NVDA
+$54.9M
4
TSM icon
TSMC
TSM
+$51.1M
5
DASH icon
DoorDash
DASH
+$31.5M

Sector Composition

Rank Sector Weight
1 Communication Services 43.25%
2 Technology 26.32%
3 Financials 14.91%
4 Consumer Discretionary 11.01%
5 Industrials 3.11%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
TSM icon
1
TSMC
TSM
$2.15T
$100M 20.04%
210,000
-126,000
-38% -$51.1M
META icon
2
Meta Platforms (Facebook)
META
$1.4T
$88.7M 17.73%
157,500
-31,500
-17% -$19.3M
GOOG icon
3
Alphabet (Google) Class C
GOOG
$4.16T
$75.3M 15.04%
213,000
-82,000
-28% -$29.3M
AMZN icon
4
Amazon
AMZN
$2.84T
$31M 6.19%
+130,000
New +$32.6M
FUTU icon
5
Futu Holdings
FUTU
$15.2B
$29.5M 5.9%
315,000
+215,000
+215% +$27.5M
GOOGL icon
6
Alphabet (Google) Class A
GOOGL
$4.19T
$25M 5%
70,000
-160,000
-70% -$57.6M
MU icon
7
Micron Technology
MU
$1.07T
$24.2M 4.84%
21,000
-86,000
-80% -$64.5M
TCOM icon
8
Trip.com Group
TCOM
$28.8B
$24.1M 4.82%
605,000
-55,000
-8% -$2.73M
V icon
9
Visa
V
$682B
$24M 4.8%
+70,000
New +$22.5M
HOOD icon
10
Robinhood
HOOD
$86.9B
$21.1M 4.21%
210,000
-157,000
-43% -$13.1M
RBLX icon
11
Roblox
RBLX
$27B
$17.1M 3.42%
315,000
+115,000
+58% +$5.72M
BWXT icon
12
BWX Technologies
BWXT
$14.6B
$15.6M 3.11%
+80,000
New +$16.7M
APP icon
13
Applovin
APP
$106B
$10.3M 2.06%
+20,000
New +$9.65M
PAYP
14
PayPay
PAYP
$9.95B
$7.17M 1.43%
+500,000
New +$9.2M
QQQ icon
15
PUT
Invesco QQQ Trust
QQQ
$486B
$7.02M 1.4%
+630,000
New +$433M
BZ icon
16
Kanzhun
BZ
$7.08B
– –
-300,000
Closed -$4.02M
DASH icon
17
DoorDash
DASH
$95.7B
– –
-210,000
Closed -$31.5M
LITE icon
18
Lumentum
LITE
$75.1B
– –
-20,000
Closed -$14.1M
NVDA icon
19
NVIDIA
NVDA
$5.31T
– –
-315,000
Closed -$54.9M
ONON icon
20
On Holding
ONON
$10.3B
– –
-300,000
Closed -$10.2M
PDD icon
21
Pinduoduo
PDD
$126B
– –
-150,000
Closed -$15.3M

Similar funds

TLP
Trinity Legacy Partners Houston, Texas $500M AUM 23.58% 1-Year Est. Return
BCM
Brown Capital Management Baltimore, Maryland $500M AUM 25.3% 1-Year Est. Return
PT
Plimoth Trust Plymouth, Massachusetts $501M AUM 35.9% 1-Year Est. Return
FGWP
Founders Grove Wealth Partners Richmond, Virginia $501M AUM 23.49% 1-Year Est. Return
PCA
Peddock Capital Advisors Braintree, Massachusetts $501M AUM 29.8% 1-Year Est. Return
ISWM
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FNBOMD
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WFM
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Headwater Capital's Q2 2026 Portfolio in Review

As of Q2 2026, Headwater Capital held 21 positions worth $500M, down 20% from $622M the previous quarter. Its ten largest holdings account for 89% of the portfolio.

Headwater Capital deployed $190M of net new capital in Q2 2026, opening 6 new positions and adding to 2 existing holdings. Its largest new stake was Amazon: 130,000 shares worth $31M.

By sector, the portfolio is most concentrated in Communication Services at 43% of assets, down from 44% a quarter earlier, followed by Technology and Financials.

On the sell side, the largest reduction was Micron Technology, an estimated $64.5M trimmed.

  • Headwater Capital's largest Q2 2026 buy was Amazon: 130,000 shares worth $31M.
  • Headwater Capital added most to Futu Holdings in Q2 2026, an estimated $27.5M increase.
  • Headwater Capital's biggest Q2 2026 reduction was Micron Technology, cutting an estimated $64.5M.
  • Headwater Capital fully exited NVIDIA in Q2 2026, selling an estimated $54.9M.
  • Headwater Capital's ten largest holdings make up 89% of its $500M portfolio in Q2 2026.
  • Headwater Capital opened 6 new positions and closed 6 in Q2 2026.
  • Headwater Capital's portfolio value fell 20% quarter-over-quarter to $500M.

Based on Headwater Capital's 13F filing for Q2 2026, filed 14 Aug 2026.