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NCM
Nearwater Capital Markets Portfolio holdings
AUM
$4.24B
1-Year Est. Return
66.03%
This Fund
S&P 500
This Quarter
Est. Return
-3.11%
1 Year Est. Return
+66.03%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$3.51B
AUM Growth
+$10.7M
(+0.31%)
Cap. Flow
+$207M
Cap. Flow
% of AUM
5.88%
Top 10 Holdings %
Top 10 Hldgs %
51.13%
Holding
99
New
21
Increased
12
Reduced
22
Closed
10
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$294M |
| 2 |
Meta Platforms (Facebook)
META
|
+$68.4M |
| 3 |
Alphabet (Google) Class A
GOOGL
|
+$65.3M |
| 4 |
Walt Disney
DIS
|
+$61.3M |
| 5 |
iShares China Large-Cap ETF
FXI
|
+$55.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Goldman Sachs
GS
|
+$101M |
| 2 |
Mastercard
MA
|
+$82.8M |
| 3 |
Broadcom
AVGO
|
+$79.6M |
| 4 |
Tesla
TSLA
|
+$48.3M |
| 5 |
Walmart Inc
WMT
|
+$44.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 22.97% |
| 2 | Financials | 16.32% |
| 3 | Communication Services | 8.9% |
| 4 | Consumer Discretionary | 6.13% |
| 5 | Industrials | 5.82% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
iShares Core S&P 500 ETF
IVV
$910B
| $562M | 15.99% |
1,000,000
-52,000
| -5% | -$30.7M |
|
|
2
State Street SPDR S&P 500 ETF Trust
SPY
$814B
| $280M | 7.96% |
+500,000
| New | +$294M |
|
|
3
Broadcom
AVGO
$1.99T
| $170M | 4.84% |
1,016,274
-376,219
| -27% | -$79.6M |
|
4
NVIDIA
NVDA
$5.46T
| $169M | 4.81% |
1,560,000
-247,000
| -14% | -$31.3M |
|
5
Microsoft
MSFT
$3.69T
| $125M | 3.57% |
333,775
+103,775
| +45% | +$42.3M |
|
|
6
Meta Platforms (Facebook)
META
$1.51T
| $120M | 3.43% |
209,000
+106,000
| +103% | +$68.4M |
|
|
7
Mastercard
MA
$497B
| $112M | 3.19% |
204,432
-152,012
| -43% | -$82.8M |
|
|
8
Alphabet (Google) Class A
GOOGL
$4.23T
| $99.1M | 2.82% |
641,000
+360,000
| +128% | +$65.3M |
|
9
Amazon
AMZN
$2.86T
| $83.7M | 2.38% |
440,000
+205,000
| +87% | +$44.5M |
|
10
JPMorgan Chase
JPM
$965B
| $75.6M | 2.15% |
308,000
-38,000
| -11% | -$9.69M |
|
11
McDonald's
MCD
$193B
| $59.4M | 1.69% |
190,174
| – | – |
|
|
12
iShares China Large-Cap ETF
FXI
$4.16B
| $58.8M | 1.67% |
+1,640,000
| New | +$55.5M |
|
13
Apple
AAPL
$4.45T
| $56.6M | 1.61% |
255,000
+24,000
| +10% | +$5.56M |
|
|
14
Walt Disney
DIS
$181B
| $56.3M | 1.6% |
+570,000
| New | +$61.3M |
|
15
Wells Fargo
WFC
$266B
| $48.5M | 1.38% |
675,000
+140,000
| +26% | +$10.5M |
|
16
VanEck Junior Gold Miners ETF
GDXJ
$8.34B
| $42.9M | 1.22% |
+750,000
| New | +$37.8M |
|
|
17
Walmart Inc
WMT
$921B
| $41.7M | 1.19% |
475,000
-470,338
| -50% | -$44.1M |
|
18
AbbVie
ABBV
$442B
| $41.3M | 1.17% |
197,000
| – | – |
|
19
Bank of America
BAC
$448B
| $40.5M | 1.15% |
970,000
-940,102
| -49% | -$41.9M |
|
20
RTX Corp
RTX
$297B
| $40.4M | 1.15% |
305,000
| – | – |
|
21
Morgan Stanley
MS
$343B
| $37.5M | 1.07% |
321,773
| – | – |
|
22
Honeywell
HON
$74.6B
| $35.8M | 1.02% |
179,545
-3,838
| -2% | -$777K |
|
23
Chevron
CVX
$388B
| $35.1M | 1% |
209,970
| – | – |
|
24
Cisco
CSCO
$447B
| $32.7M | 0.93% |
530,000
+200,000
| +61% | +$12.3M |
|
25
TJX Companies
TJX
$170B
| $32.3M | 0.92% |
265,000
| – | – |
|
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Nearwater Capital Markets's Q1 2025 Portfolio in Review
As of Q1 2025, Nearwater Capital Markets held 99 positions worth $3.51B, up 0.31% from $3.5B the previous quarter. Its ten largest holdings account for 51% of the portfolio.
Nearwater Capital Markets deployed $207M of net new capital in Q1 2025, opening 21 new positions and adding to 12 existing holdings. Its largest new stake was State Street SPDR S&P 500 ETF Trust: 500,000 shares worth $280M.
By sector, the portfolio is most concentrated in Technology at 23% of assets, down from 29% a quarter earlier, followed by Financials and Communication Services.
On the sell side, the largest reduction was Mastercard, an estimated $82.8M trimmed.
- Nearwater Capital Markets's largest Q1 2025 buy was State Street SPDR S&P 500 ETF Trust: 500,000 shares worth $280M.
- Nearwater Capital Markets added most to Meta Platforms (Facebook) in Q1 2025, an estimated $68.4M increase.
- Nearwater Capital Markets's biggest Q1 2025 reduction was Mastercard, cutting an estimated $82.8M.
- Nearwater Capital Markets fully exited Goldman Sachs in Q1 2025, selling an estimated $101M.
- Nearwater Capital Markets's ten largest holdings make up 51% of its $3.51B portfolio in Q1 2025.
- Nearwater Capital Markets opened 21 new positions and closed 10 in Q1 2025.
- Nearwater Capital Markets's portfolio value rose 0.31% quarter-over-quarter to $3.51B.
Based on Nearwater Capital Markets's 13F filing for Q1 2025, filed 15 May 2025.