We are live on ! Find out more
HC

Headwater Capital Portfolio holdings

AUM $500M
1-Year Est. Return 72.8%
This Fund
S&P 500
This Quarter Est. Return
+16.97%
1 Year Est. Return
+72.8%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$481M
AUM Growth
+$72.1M
Cap. Flow
+$184M
Cap. Flow %
38.25%
Top 10 Hldgs %
92.26%
Holding
21
New
4
Increased
5
Reduced
8
Closed
4

Top Buys

Rank Stock Value
1
GOOG icon
Alphabet (Google) Class C
GOOG
+$39.8M
2
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$28.6M
3
FIG
Figma
FIG
+$23.5M
4
TSM icon
TSMC
TSM
+$15.3M
5
PDD icon
Pinduoduo
PDD
+$13.7M

Top Sells

Rank Stock Value
1
LITE icon
Lumentum
LITE
+$24.4M
2
NVDA icon
NVIDIA
NVDA
+$18.7M
3
BABA icon
Alibaba
BABA
+$16.9M
4
MAR icon
Marriott International
MAR
+$13M
5
MU icon
Micron Technology
MU
+$9.64M

Sector Composition

Rank Sector Weight
1 Communication Services 43.25%
2 Technology 33.97%
3 Consumer Discretionary 22.12%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
GOOG icon
1
Alphabet (Google) Class C
GOOG
$4.15T
$148M 30.8%
472,000
+139,000
+42% +$39.8M
TSM icon
2
TSMC
TSM
$2.17T
$111M 23%
364,000
+52,000
+17% +$15.3M
GOOGL icon
3
Alphabet (Google) Class A
GOOGL
$4.19T
$31.3M 6.51%
+100,000
New +$28.6M
PDD icon
4
Pinduoduo
PDD
$125B
$29.5M 6.13%
260,000
+110,000
+73% +$13.7M
META icon
5
Meta Platforms (Facebook)
META
$1.39T
$24M 5%
36,400
-13,600
-27% -$9.08M
AMZN icon
6
Amazon
AMZN
$2.82T
$24M 4.99%
104,000
+4,000
+4% +$915K
TCOM icon
7
Trip.com Group
TCOM
$28.9B
$23.4M 4.86%
325,000
-45,000
-12% -$3.22M
MU icon
8
Micron Technology
MU
$1.08T
$22.3M 4.63%
78,000
-42,000
-35% -$9.64M
FIG
9
Figma
FIG
$14.7B
$19.4M 4.04%
+520,000
New +$23.5M
LITE icon
10
Lumentum
LITE
$77.7B
$11.1M 2.3%
30,000
-95,000
-76% -$24.4M
HTHT icon
11
Huazhu Hotels Group
HTHT
$15.1B
$9.41M 1.96%
200,000
-50,000
-20% -$2.16M
ATAT icon
12
Atour Lifestyle Holdings
ATAT
$4.8B
$7.88M 1.64%
200,000
+20,000
+11% +$784K
TRIP icon
13
TripAdvisor
TRIP
$1.18B
$5.1M 1.06%
350,000
-570,000
-62% -$8.67M
YUMC icon
14
Yum China
YUMC
$16.3B
$4.77M 0.99%
100,000
-19,700
-16% -$902K
YELP icon
15
Yelp
YELP
$1.28B
$4.56M 0.95%
+150,000
New +$4.63M
AAPL icon
16
PUT
Apple
AAPL
$4.62T
$3.14M 0.65%
+624,000
New +$168M
BABA icon
17
Alibaba
BABA
$299B
$2.35M 0.49%
16,000
-104,000
-87% -$16.9M
MAR icon
18
Marriott International
MAR
$93.4B
– –
-50,000
Closed -$13M
NVDA icon
19
NVIDIA
NVDA
$5.29T
– –
-100,000
Closed -$18.7M
OPRA
20
Opera Ltd
OPRA
$1.59B
– –
-100,000
Closed -$2.06M
QQQ icon
21
PUT
Invesco QQQ Trust
QQQ
$486B
– –
-3,300
Closed -$1.95M

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
Intesa Sanpaolo Wealth Management Ville De Luxembourg $500M AUM
FNBOMD
First National Bank of Mount Dora Mount Dora, Florida $499M AUM 22.75% 1-Year Est. Return
WFM
Wolff Financial Management Kalamazoo, Michigan $501M AUM 20.63% 1-Year Est. Return

Headwater Capital's Q4 2025 Portfolio in Review

As of Q4 2025, Headwater Capital held 21 positions worth $481M, up 18% from $409M the previous quarter. Its ten largest holdings account for 92% of the portfolio.

Headwater Capital deployed $184M of net new capital in Q4 2025, opening 4 new positions and adding to 5 existing holdings. Its largest new stake was Alphabet (Google) Class A: 100,000 shares worth $31.3M.

By sector, the portfolio is most concentrated in Communication Services at 43% of assets, up from 29% a quarter earlier, followed by Technology and Consumer Discretionary.

On the sell side, the largest reduction was Lumentum, an estimated $24.4M trimmed.

  • Headwater Capital's largest Q4 2025 buy was Alphabet (Google) Class A: 100,000 shares worth $31.3M.
  • Headwater Capital added most to Alphabet (Google) Class C in Q4 2025, an estimated $39.8M increase.
  • Headwater Capital's biggest Q4 2025 reduction was Lumentum, cutting an estimated $24.4M.
  • Headwater Capital fully exited NVIDIA in Q4 2025, selling an estimated $18.7M.
  • Headwater Capital's ten largest holdings make up 92% of its $481M portfolio in Q4 2025.
  • Headwater Capital opened 4 new positions and closed 4 in Q4 2025.
  • Headwater Capital's portfolio value rose 18% quarter-over-quarter to $481M.

Based on Headwater Capital's 13F filing for Q4 2025, filed 10 Feb 2026.