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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 | |
|---|---|---|---|---|---|---|
76
APi Group
APG
$16.7B
| $13.3M | 0.23% |
+314,000
| New | +$13.7M |
|
77
Global X Uranium ETF
URA
$5.61B
| $13.1M | 0.23% |
+300,000
| New | +$15.2M |
|
78
Arcutis Biotherapeutics
ARQT
$3.36B
| $12.8M | 0.22% |
486,700
-120,600
| -20% | -$2.81M |
|
|
TXNM
79
TXNM Energy Inc
TXNM
$6.44B
| $12.7M | 0.22% |
+223,100
| New | +$13.1M |
|
80
Take-Two Interactive
TTWO
$37.9B
| $12.5M | 0.22% |
50,000
-176,000
| -78% | -$38.8M |
|
81
Okta
OKTA
$35.8B
| $12.3M | 0.21% |
+90,000
| New | +$8.46M |
|
82
Five Below
FIVE
$12.2B
| $11.7M | 0.2% |
+65,000
| New | +$14M |
|
83
CoreCivic
CXW
$3.23B
| $10.6M | 0.18% |
+350,000
| New | +$7.93M |
|
84
Silicon Laboratories
SLAB
$7.38B
| $10.4M | 0.18% |
+47,500
| New | +$10.3M |
|
|
MIAX
85
Miami International Holdings
MIAX
$3.36B
| $10.4M | 0.18% |
+279,000
| New | +$12.5M |
|
86
The GEO Group
GEO
$4.07B
| $10.3M | 0.18% |
+350,000
| New | +$7.93M |
|
87
Trade Desk
TTD
$5.7B
| $9.62M | 0.17% |
+532,000
| New | +$11.3M |
|
88
ServiceNow
NOW
$134B
| $9.43M | 0.16% |
95,000
| – | – |
|
89
Planet Fitness
PLNT
$3.08B
| $7.83M | 0.14% |
+150,000
| New | +$8.8M |
|
90
Amylyx Pharmaceuticals
AMLX
$3.74B
| $7.63M | 0.13% |
+425,000
| New | +$6.57M |
|
91
Kanzhun
BZ
$6.2B
| $6.93M | 0.12% |
538,300
| – | – |
|
92
Core Scientific
CORZ
$5.24B
| $6.8M | 0.12% |
+265,700
| New | +$6.26M |
|
93
TAL Education Group
TAL
$6.51B
| $6.7M | 0.12% |
700,000
| – | – |
|
94
Liberty Energy
LBRT
$3.01B
| $6.55M | 0.11% |
+250,000
| New | +$7.48M |
|
95
RBC Bearings
RBC
$15.9B
| $6.47M | 0.11% |
+10,040
| New | +$5.98M |
|
96
Cemex
CX
$13.9B
| $6.24M | 0.11% |
519,900
-670,000
| -56% | -$8.32M |
|
97
AvePoint
AVPT
$2.87B
| $5.61M | 0.1% |
+500,000
| New | +$5.14M |
|
98
Cedar Fair
FUN
$1.11B
| $4.13M | 0.07% |
194,000
| – | – |
|
99
JPMorgan ActiveBuilders Emerging Markets Equity ETF
JEMA
$1.77B
| $1.79M | 0.03% |
+28,000
| New | +$1.69M |
|
100
Celcuity
CELC
$3.79B
| $105K | ﹤0.01% |
1,000
-472,100
| -100% | -$54.5M |
|
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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.