We are live on
!
Find out more
NCM
Nearwater Capital Markets Portfolio holdings
AUM
$4.24B
1-Year Est. Return
66.03%
This Fund
S&P 500
This Quarter
Est. Return
+13.37%
1 Year Est. Return
+66.03%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$5.85B
AUM Growth
-$1.63B
(-22%)
Cap. Flow
-$1.79B
Cap. Flow
% of AUM
-30.62%
Top 10 Holdings %
Top 10 Hldgs %
46.78%
Holding
182
New
38
Increased
22
Reduced
18
Closed
78
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vanguard FTSE Developed Markets ETF
VEA
|
+$289M |
| 2 |
Marvell Technology
MRVL
|
+$131M |
| 3 |
Meta Platforms (Facebook)
META
|
+$120M |
| 4 |
Walmart Inc
WMT
|
+$109M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$88.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Core S&P 500 ETF
IVV
|
+$837M |
| 2 |
NVIDIA
NVDA
|
+$422M |
| 3 |
Goldman Sachs
GS
|
+$210M |
| 4 |
Palantir
PLTR
|
+$162M |
| 5 |
Apple
AAPL
|
+$162M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 35.64% |
| 2 | Communication Services | 13.96% |
| 3 | Consumer Discretionary | 8.82% |
| 4 | Consumer Staples | 7.62% |
| 5 | Healthcare | 6.91% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
126
Chevron
CVX
$386B
| – | – |
-104,559
| Closed | -$16.2M |
|
127
Elutia
ELUT
$36.2M
| – | – |
-175,000
| Closed | -$6.24M |
|
128
Equinix
EQIX
$105B
| – | – |
-10,000
| Closed | -$7.83M |
|
129
ESCO Technologies
ESE
$7.78B
| – | – |
-34,600
| Closed | -$7.3M |
|
130
Freeport-McMoran
FCX
$96.9B
| – | – |
-190,000
| Closed | -$7.45M |
|
131
Fortis
FTS
$28.7B
| – | – |
-387,000
| Closed | -$19.6M |
|
|
132
Alphabet (Google) Class C
GOOG
$4.19T
| – | – |
-566,500
| Closed | -$138M |
|
|
133
Goldman Sachs
GS
$302B
| – | – |
-264,015
| Closed | -$210M |
|
134
W.W. Grainger
GWW
$61.5B
| – | – |
-11,000
| Closed | -$10.5M |
|
135
Home Depot
HD
$342B
| – | – |
-172,600
| Closed | -$69.9M |
|
136
Home BancShares
HOMB
$6.23B
| – | – |
-81,800
| Closed | -$2.31M |
|
137
IBM
IBM
$222B
| – | – |
-69,300
| Closed | -$19.6M |
|
138
Intuitive Surgical
ISRG
$142B
| – | – |
-27,579
| Closed | -$12.3M |
|
|
139
iShares Core S&P 500 ETF
IVV
$904B
| – | – |
-1,250,000
| Closed | -$837M |
|
140
Johnson Controls International
JCI
$92.6B
| – | – |
-70,000
| Closed | -$7.7M |
|
141
Johnson & Johnson
JNJ
$629B
| – | – |
-179,300
| Closed | -$33.2M |
|
142
JPMorgan Chase
JPM
$971B
| – | – |
-170,000
| Closed | -$53.6M |
|
143
Coca-Cola
KO
$373B
| – | – |
-287,300
| Closed | -$19.1M |
|
144
Linde
LIN
$221B
| – | – |
-32,400
| Closed | -$15.4M |
|
145
Eli Lilly
LLY
$1.09T
| – | – |
-46,800
| Closed | -$35.7M |
|
146
Lockheed Martin
LMT
$140B
| – | – |
-65,000
| Closed | -$32.4M |
|
147
Lantheus
LNTH
$6.57B
| – | – |
-119,600
| Closed | -$6.13M |
|
148
lululemon athletica
LULU
$13.7B
| – | – |
-55,000
| Closed | -$9.79M |
|
149
Mastercard
MA
$490B
| – | – |
-100,000
| Closed | -$56.9M |
|
150
Medtronic
MDT
$116B
| – | – |
-350,000
| Closed | -$33.3M |
|
Similar funds
AI
DT
CIC
BG
IWM
CW
IUHSA
NEI
Nearwater Capital Markets's Q4 2025 Portfolio in Review
As of Q4 2025, Nearwater Capital Markets held 182 positions worth $5.85B, down 22% from $7.48B the previous quarter. Its ten largest holdings account for 47% of the portfolio.
Nearwater Capital Markets withdrew a net $1.79B in Q4 2025, closing 78 positions and reducing 18 holdings. Its most notable exit was iShares Core S&P 500 ETF, an estimated $837M position sold in full.
By sector, the portfolio is most concentrated in Technology at 36% of assets, down from 38% a quarter earlier, followed by Communication Services and Consumer Discretionary.
Against the trend, Nearwater Capital Markets opened a new position in Vanguard FTSE Developed Markets ETF worth $295M.
- Nearwater Capital Markets's largest Q4 2025 buy was Vanguard FTSE Developed Markets ETF: 4,714,850 shares worth $295M.
- Nearwater Capital Markets added most to Meta Platforms (Facebook) in Q4 2025, an estimated $120M increase.
- Nearwater Capital Markets's biggest Q4 2025 reduction was NVIDIA, cutting an estimated $422M.
- Nearwater Capital Markets fully exited iShares Core S&P 500 ETF in Q4 2025, selling an estimated $837M.
- Nearwater Capital Markets's ten largest holdings make up 47% of its $5.85B portfolio in Q4 2025.
- Nearwater Capital Markets opened 38 new positions and closed 78 in Q4 2025.
- Nearwater Capital Markets's portfolio value fell 22% quarter-over-quarter to $5.85B.
Based on Nearwater Capital Markets's 13F filing for Q4 2025, filed 17 Feb 2026.