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HC
Headwater Capital Portfolio holdings
AUM
$500M
1-Year Est. Return
72.8%
This Fund
S&P 500
This Quarter
Est. Return
-0.93%
1 Year Est. Return
+72.8%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$222M
AUM Growth
+$34.8M
(+19%)
Cap. Flow
+$48.2M
Cap. Flow
% of AUM
21.67%
Top 10 Holdings %
Top 10 Hldgs %
100%
Holding
15
New
5
Increased
3
Reduced
2
Closed
5
Avg Time Held Equity + Options
0.5
quarters
Top 10 Avg Time Held Equity + Options
0.5
quarters
Top 20 Avg Time Held Equity + Options
0.5
quarters
Avg Time Held Equity only
0.6
quarters
Top 10 Avg Time Held Equity only
0.6
quarters
Top 20 Avg Time Held Equity only
0.6
quarters
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Meta Platforms (Facebook)
META
|
+$72.3M |
| 2 |
Trip.com Group
TCOM
|
+$19.6M |
| 3 |
NVIDIA
NVDA
|
+$12.7M |
| 4 |
Pinduoduo
PDD
|
+$11.5M |
| 5 |
Futu Holdings
FUTU
|
+$10.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class C
GOOG
|
+$22.9M |
| 2 |
JD.com
JD
|
+$17.3M |
| 3 |
Microsoft
MSFT
|
+$16M |
| 4 |
Amazon
AMZN
|
+$15.4M |
| 5 |
Huazhu Hotels Group
HTHT
|
+$9.91M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 38.87% |
| 2 | Technology | 26.01% |
| 3 | Consumer Discretionary | 24.94% |
| 4 | Financials | 4.6% |
| 5 | Real Estate | 4.52% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
Meta Platforms (Facebook)
META
$1.83T
| $86.5M | 38.87% |
150,000
+112,000
| +295% | +$72.3M |
2024 Q4
1 quarter
|
|
2
TSMC
TSM
$2.4T
| $36.5M | 16.42% |
220,000
-30,000
| -12% | -$5.83M |
2024 Q4
1 quarter
|
|
|
3
Trip.com Group
TCOM
$23.7B
| $31.8M | 14.29% |
500,000
+300,000
| +150% | +$19.6M |
2024 Q4
1 quarter
|
|
|
4
Pinduoduo
PDD
$111B
| $23.7M | 10.64% |
200,000
+100,000
| +100% | +$11.5M |
2024 Q4
1 quarter
|
|
|
5
NVIDIA
NVDA
$5.68T
| $10.8M | 4.87% |
+100,000
| New | +$12.7M |
2025 Q1
0 quarters
|
|
|
6
Futu Holdings
FUTU
$15.2B
| $10.2M | 4.6% |
+100,000
| New | +$10.2M |
2025 Q1
0 quarters
|
|
7
KE Holdings
BEKE
$18.6B
| $10M | 4.52% |
500,000
-100,000
| -17% | -$1.98M |
2024 Q4
1 quarter
|
|
8
Intel
INTC
$576B
| $6.81M | 3.06% |
+300,000
| New | +$6.56M |
2025 Q1
0 quarters
|
|
|
HIMX
9
Himax Technologies
HIMX
$2.34B
| $3.67M | 1.65% |
+500,000
| New | +$4.62M |
2025 Q1
0 quarters
|
|
10
PUT
Invesco QQQ Trust
QQQ
$508B
| $2.35M | 1.06% |
+1,000
| New | +$508K |
2025 Q1
0 quarters
|
|
|
11
Amazon
AMZN
$2.78T
| – | – |
-70,000
| Closed | -$15.4M | – |
|
|
12
Alphabet (Google) Class C
GOOG
$4.23T
| – | – |
-120,000
| Closed | -$22.9M | – |
|
|
13
Huazhu Hotels Group
HTHT
$13.3B
| – | – |
-300,000
| Closed | -$9.91M | – |
|
|
14
JD.com
JD
$36B
| – | – |
-500,000
| Closed | -$17.3M | – |
|
|
15
Microsoft
MSFT
$3.93T
| – | – |
-38,000
| Closed | -$16M | – |
|
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Headwater Capital's Q1 2025 Portfolio in Review
As of Q1 2025, Headwater Capital held 15 positions worth $222M, up 19% from $188M the previous quarter. Its ten largest holdings account for 100% of the portfolio.
Headwater Capital deployed $48.2M of net new capital in Q1 2025, opening 5 new positions and adding to 3 existing holdings. Its largest new stake was NVIDIA: 100,000 shares worth $10.8M.
By sector, the portfolio is most concentrated in Communication Services at 39% of assets, up from 24% a quarter earlier, followed by Technology and Consumer Discretionary.
On the sell side, the largest reduction was TSMC, an estimated $5.83M trimmed.
- Headwater Capital's largest Q1 2025 buy was NVIDIA: 100,000 shares worth $10.8M.
- Headwater Capital added most to Meta Platforms (Facebook) in Q1 2025, an estimated $72.3M increase.
- Headwater Capital's biggest Q1 2025 reduction was TSMC, cutting an estimated $5.83M.
- Headwater Capital fully exited Alphabet (Google) Class C in Q1 2025, selling an estimated $22.9M.
- Headwater Capital's ten largest holdings make up 100% of its $222M portfolio in Q1 2025.
- Headwater Capital opened 5 new positions and closed 5 in Q1 2025.
- Headwater Capital's portfolio value rose 19% quarter-over-quarter to $222M.
Based on Headwater Capital's 13F filing for Q1 2025, filed 9 May 2025.