We are live on ! Find out more
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
Cap. Flow
+$905M
Cap. Flow %
15.61%
Top 10 Hldgs %
40.13%
Holding
146
New
64
Increased
15
Reduced
15
Closed
46

Top Buys

Rank Stock Value
1
GDX icon
VanEck Gold Miners ETF
GDX
+$234M
2
RVMD icon
Revolution Medicines
RVMD
+$207M
3
AMZN icon
Amazon
AMZN
+$173M
4
UBER icon
Uber
UBER
+$160M
5
AMD icon
Advanced Micro Devices
AMD
+$159M

Top Sells

Rank Stock Value
1
SPDW icon
State Street SPDR Portfolio Developed World ex-US ETF
SPDW
+$276M
2
AAPL icon
Apple
AAPL
+$164M
3
VEA icon
Vanguard FTSE Developed Markets ETF
VEA
+$143M
4
GDXJ icon
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
ABT icon
101
Abbott
ABT
$175B
– –
-425,000
Closed -$43.6M
ACMR icon
102
ACM Research
ACMR
$5.27B
– –
-94,200
Closed -$3.71M
AMAT icon
103
Applied Materials
AMAT
$406B
– –
-124,000
Closed -$42.4M
AMT icon
104
American Tower
AMT
$78B
– –
-190,000
Closed -$32.8M
AVGO icon
105
Broadcom
AVGO
$1.7T
– –
-301,000
Closed -$93.2M
BAC icon
106
Bank of America
BAC
$384B
– –
-17,000
Closed -$829K
CALX icon
107
Calix
CALX
$2.11B
– –
-118,200
Closed -$5.79M
CAT icon
108
Caterpillar
CAT
$380B
– –
-152,000
Closed -$108M
CMI icon
109
Cummins
CMI
$71.8B
– –
-53,000
Closed -$28.5M
CVX icon
110
Chevron
CVX
$401B
– –
-251,000
Closed -$51.9M
ESGE icon
111
iShares ESG Aware MSCI EM ETF
ESGE
$6.97B
– –
-200,000
Closed -$9.09M
FNDE icon
112
Schwab Fundamental Emerging Markets Large Company Index ETF
FNDE
$10.3B
– –
-66,900
Closed -$2.56M
FNDF icon
113
Schwab Fundamental International Large Company Index ETF
FNDF
$25.6B
– –
-214,000
Closed -$10.5M
GILD icon
114
Gilead Sciences
GILD
$188B
– –
-200,000
Closed -$27.9M
HESM icon
115
Hess Midstream
HESM
$4.83B
– –
-900,000
Closed -$35M
HTHT icon
116
Huazhu Hotels Group
HTHT
$13.6B
– –
-28,000
Closed -$1.41M
IAU icon
117
iShares Gold Trust
IAU
$61.9B
– –
-43,400
Closed -$3.83M
IBN icon
118
ICICI Bank
IBN
$97.8B
– –
-180,300
Closed -$4.67M
INSM icon
119
Insmed
INSM
$25.3B
– –
-300,000
Closed -$49.1M
ITOT icon
120
iShares Core S&P Total US Stock Market ETF
ITOT
$96B
– –
-310,000
Closed -$44.2M
IXUS icon
121
iShares Core MSCI Total International Stock ETF
IXUS
$59.2B
– –
-1,413,600
Closed -$122M
JNJ icon
122
Johnson & Johnson
JNJ
$645B
– –
-370,000
Closed -$90.4M
KWEB icon
123
KraneShares CSI China Internet ETF
KWEB
$4.65B
– –
-2,381,200
Closed -$67.7M
LLY icon
124
Eli Lilly
LLY
$1.06T
– –
-40,000
Closed -$36.8M
LRCX icon
125
Lam Research
LRCX
$405B
– –
-118,000
Closed -$25.2M
2 3 4
5
6

Similar funds

DWA
Douglass Winthrop Advisors New York $5.8B AUM 11.8% 1-Year Est. Return
SCM
Snyder Capital Management San Francisco, California $5.79B AUM 33.56% 1-Year Est. Return
CCM
Carronade Capital Management Darien, Connecticut $5.77B AUM 89.67% 1-Year Est. Return
LFG
Lazard Frères Gestion Paris, France $5.77B AUM 23.8% 1-Year Est. Return
JWCA
J.W. Cole Advisors Tampa, Florida $5.83B AUM 32.38% 1-Year Est. Return
KCM
Kensico Capital Management Greenwich, Connecticut $5.83B AUM 42.34% 1-Year Est. Return
MSRPS
Maryland State Retirement & Pension System Baltimore, Maryland $5.84B AUM 38.19% 1-Year Est. Return
SDIC
South Dakota Investment Council Sioux Falls, South Dakota $5.84B AUM 30.42% 1-Year Est. Return

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.