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Nearwater Capital Markets Portfolio holdings

AUM $5.8B
1-Year Est. Return 88.72%
This Fund
S&P 500
This Quarter Est. Return
+21.86%
1 Year Est. Return
+88.72%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$6.25B
AUM Growth
+$2.74B
Cap. Flow
+$1.93B
Cap. Flow %
30.8%
Top 10 Hldgs %
57.24%
Holding
124
New
35
Increased
30
Reduced
23
Closed
21

Top Buys

Rank Stock Value
1
NVDA icon
NVIDIA
NVDA
+$334M
2
META icon
Meta Platforms (Facebook)
META
+$227M
3
AAPL icon
Apple
AAPL
+$207M
4
MSFT icon
Microsoft
MSFT
+$166M
5
GS icon
Goldman Sachs
GS
+$153M

Top Sells

Rank Stock Value
1
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$280M
2
MA icon
Mastercard
MA
+$57.8M
3
AAL icon
American Airlines Group
AAL
+$29M
4
ACN icon
Accenture
ACN
+$28.1M
5
RTX icon
RTX Corp
RTX
+$27.3M

Sector Composition

Rank Sector Weight
1 Technology 38.2%
2 Financials 16.04%
3 Miscellaneous 15.44%
4 Communication Services 12.83%
5 Consumer Discretionary 6.56%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
TRV icon
101
Travelers Companies
TRV
$75.8B
$4.01M 0.06%
15,000
-50,000
-77% -$13.2M
AAL icon
102
American Airlines Group
AAL
$9.01B
– –
-2,750,000
Closed -$29M
ACN icon
103
Accenture
ACN
$108B
– –
-90,000
Closed -$28.1M
APO icon
104
Apollo Global Management
APO
$70.3B
– –
-87,832
Closed -$12M
BMY icon
105
Bristol-Myers Squibb
BMY
$128B
– –
-280,000
Closed -$17.1M
CB icon
106
Chubb
CB
$128B
– –
-36,000
Closed -$10.9M
CMCSA icon
107
Comcast
CMCSA
$76.7B
– –
-460,000
Closed -$17M
DE icon
108
Deere & Co
DE
$183B
– –
-34,953
Closed -$16.4M
ELV icon
109
Elevance Health
ELV
$85.2B
– –
-40,670
Closed -$17.7M
IBM icon
110
IBM
IBM
$207B
– –
-50,000
Closed -$12.4M
JCI icon
111
Johnson Controls International
JCI
$90.5B
– –
-125,929
Closed -$10.1M
MRK icon
112
Merck
MRK
$368B
– –
-100,000
Closed -$8.98M
NXPI icon
113
NXP Semiconductors
NXPI
$59.6B
– –
-50,000
Closed -$9.5M
ORCL icon
114
Oracle
ORCL
$418B
– –
-80,000
Closed -$11.2M
PG icon
115
Procter & Gamble
PG
$344B
– –
-90,000
Closed -$15.3M
PSX icon
116
Phillips 66
PSX
$101B
– –
-100,000
Closed -$12.3M
SHW icon
117
Sherwin-Williams
SHW
$80.2B
– –
-42,000
Closed -$14.7M
SPY icon
118
State Street SPDR S&P 500 ETF Trust
SPY
$815B
– –
-500,000
Closed -$280M
T icon
119
AT&T
T
$168B
– –
-700,000
Closed -$19.8M
TDG icon
120
TransDigm Group
TDG
$60.8B
– –
-9,300
Closed -$12.9M
X
121
DELISTED
US Steel
X
– –
-400,000
Closed -$16.9M
XEL icon
122
Xcel Energy
XEL
$44.2B
– –
-193,963
Closed -$13.7M
1 2 3 4
5

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SCM
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CCM
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LFG
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JWCA
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KCM
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MSRPS
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SDIC
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Nearwater Capital Markets's Q2 2025 Portfolio in Review

As of Q2 2025, Nearwater Capital Markets held 124 positions worth $6.25B, up 78% from $3.51B the previous quarter. Its ten largest holdings account for 57% of the portfolio.

Nearwater Capital Markets deployed $1.93B of net new capital in Q2 2025, opening 35 new positions and adding to 30 existing holdings. Its largest new stake was Goldman Sachs: 264,015 shares worth $187M.

By sector, the portfolio is most concentrated in Technology at 38% of assets, up from 23% a quarter earlier, followed by Financials and Miscellaneous.

On the sell side, the largest reduction was Mastercard, an estimated $57.8M trimmed.

  • Nearwater Capital Markets's largest Q2 2025 buy was Goldman Sachs: 264,015 shares worth $187M.
  • Nearwater Capital Markets added most to NVIDIA in Q2 2025, an estimated $334M increase.
  • Nearwater Capital Markets's biggest Q2 2025 reduction was Mastercard, cutting an estimated $57.8M.
  • Nearwater Capital Markets fully exited State Street SPDR S&P 500 ETF Trust in Q2 2025, selling an estimated $280M.
  • Nearwater Capital Markets's ten largest holdings make up 57% of its $6.25B portfolio in Q2 2025.
  • Nearwater Capital Markets opened 35 new positions and closed 21 in Q2 2025.
  • Nearwater Capital Markets's portfolio value rose 78% quarter-over-quarter to $6.25B.

Based on Nearwater Capital Markets's 13F filing for Q2 2025, filed 13 Aug 2025.