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NCM
Nearwater Capital Markets Portfolio holdings
AUM
$5.8B
1-Year Est. Return
88.72%
This Fund
S&P 500
This Quarter
Est. Return
+38.52%
1 Year Est. Return
+88.72%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$5.8B
AUM Growth
+$1.56B
(+37%)
Cap. Flow
+$905M
Cap. Flow
% of AUM
15.61%
Top 10 Holdings %
Top 10 Hldgs %
40.13%
Holding
146
New
64
Increased
15
Reduced
15
Closed
46
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
VanEck Gold Miners ETF
GDX
|
+$234M |
| 2 |
Revolution Medicines
RVMD
|
+$207M |
| 3 |
Amazon
AMZN
|
+$173M |
| 4 |
Uber
UBER
|
+$160M |
| 5 |
Advanced Micro Devices
AMD
|
+$159M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR Portfolio Developed World ex-US ETF
SPDW
|
+$276M |
| 2 |
Apple
AAPL
|
+$164M |
| 3 |
Vanguard FTSE Developed Markets ETF
VEA
|
+$143M |
| 4 |
VanEck Junior Gold Miners ETF
GDXJ
|
+$138M |
| 5 |
SNDK
Sandisk
SNDK
|
+$137M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 31.18% |
| 2 | Miscellaneous | 17.07% |
| 3 | Consumer Discretionary | 13.98% |
| 4 | Healthcare | 13.37% |
| 5 | Industrials | 9.37% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
Avis
CAR
$3.77B
| $34.7M | 0.6% |
+235,000
| New | +$51.7M |
|
52
Fortinet
FTNT
$129B
| $33.6M | 0.58% |
+219,000
| New | +$25.3M |
|
|
PURR
53
Hyperliquid Strategies Inc
PURR
$2.36B
| $31.5M | 0.54% |
+4,000,000
| New | +$29.6M |
|
54
General Motors
GM
$70.6B
| $30.8M | 0.53% |
+400,000
| New | +$31.4M |
|
55
XPO
XPO
$20.8B
| $30.8M | 0.53% |
+150,000
| New | +$31.7M |
|
56
TeraWulf
WULF
$7.53B
| $29.6M | 0.51% |
+1,200,000
| New | +$27.6M |
|
57
Keysight
KEYS
$61.4B
| $29.4M | 0.51% |
+84,000
| New | +$28.6M |
|
58
iShares Bitcoin Trust
IBIT
$66.6B
| $29.2M | 0.5% |
878,000
-506,800
| -37% | -$20.6M |
|
59
Palantir
PLTR
$449B
| $26.8M | 0.46% |
+230,000
| New | +$31.4M |
|
60
iShares Core MSCI International Developed Markets ETF
IDEV
$32.3B
| $26.7M | 0.46% |
+300,000
| New | +$26.6M |
|
61
TTM Technologies
TTMI
$12.9B
| $26.5M | 0.46% |
141,900
+76,000
| +115% | +$12.3M |
|
62
Neurocrine Biosciences
NBIX
$14.1B
| $26.1M | 0.45% |
+155,000
| New | +$23M |
|
63
Intuitive Surgical
ISRG
$146B
| $25.8M | 0.45% |
+65,000
| New | +$28.4M |
|
64
Adobe
ADBE
$92.7B
| $21.5M | 0.37% |
105,000
-28,000
| -21% | -$6.63M |
|
|
SUNC
65
SunocoCorp LLC
SUNC
$3.76B
| $18.6M | 0.32% |
+275,000
| New | +$18M |
|
66
Nektar Therapeutics
NKTR
$2.02B
| $18.3M | 0.31% |
261,500
| – | – |
|
67
Veeva Systems
VEEV
$45.1B
| $16.9M | 0.29% |
+95,000
| New | +$15.7M |
|
68
Teledyne Technologies
TDY
$28.1B
| $16.7M | 0.29% |
+25,000
| New | +$15.8M |
|
69
ATI
ATI
$25.7B
| $15.8M | 0.27% |
+80,000
| New | +$13.6M |
|
70
Equifax
EFX
$16.5B
| $14.8M | 0.25% |
+93,000
| New | +$15.9M |
|
71
Amprius Technologies
AMPX
$1.39B
| $14.3M | 0.25% |
+1,034,700
| New | +$18.5M |
|
72
Insulet
PODD
$9.21B
| $13.7M | 0.24% |
+90,000
| New | +$15M |
|
73
Kenvue
KVUE
$34.4B
| $13.7M | 0.24% |
+715,800
| New | +$12.6M |
|
74
Qorvo
QRVO
$10.3B
| $13.5M | 0.23% |
+145,000
| New | +$13.4M |
|
75
Amplify Junior Silver Miners ETF
SILJ
$3.61B
| $13.4M | 0.23% |
+515,900
| New | +$15.3M |
|
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Nearwater Capital Markets's Q2 2026 Portfolio in Review
As of Q2 2026, Nearwater Capital Markets held 146 positions worth $5.8B, up 37% from $4.24B the previous quarter. Its ten largest holdings account for 40% of the portfolio.
Nearwater Capital Markets deployed $905M of net new capital in Q2 2026, opening 64 new positions and adding to 15 existing holdings. Its largest new stake was Uber: 2,181,000 shares worth $157M.
By sector, the portfolio is most concentrated in Technology at 31% of assets, up from 26% a quarter earlier, followed by Miscellaneous and Consumer Discretionary.
On the sell side, the largest reduction was Apple, an estimated $164M trimmed.
- Nearwater Capital Markets's largest Q2 2026 buy was Uber: 2,181,000 shares worth $157M.
- Nearwater Capital Markets added most to VanEck Gold Miners ETF in Q2 2026, an estimated $234M increase.
- Nearwater Capital Markets's biggest Q2 2026 reduction was Apple, cutting an estimated $164M.
- Nearwater Capital Markets fully exited State Street SPDR Portfolio Developed World ex-US ETF in Q2 2026, selling an estimated $276M.
- Nearwater Capital Markets's ten largest holdings make up 40% of its $5.8B portfolio in Q2 2026.
- Nearwater Capital Markets opened 64 new positions and closed 46 in Q2 2026.
- Nearwater Capital Markets's portfolio value rose 37% quarter-over-quarter to $5.8B.
Based on Nearwater Capital Markets's 13F filing for Q2 2026, filed 14 Aug 2026.