Nearwater Capital Markets portfolio
Bank or trading deskPortfolio as of Jun 30, 2026 (Q2 2026) · filed with the SEC on Aug 14, 2026 · data updated on Nov 5, 2026 · Q2 2026 13F (filing) ↗ · all its 13F filings ↗
A 13F shows the portfolio at quarter-end and is filed up to 45 days later: these are not real-time positions and they may have changed.
Nearwater Capital Markets reported a $5.8 bn portfolio of 99 companies (100 positions, counting each share class separately) to the SEC as of the end of Q2 2026. Its largest positions are RVMD, AMZN, GDX. During the quarter it opened Advanced Micro Devices and Uber Technologies and exited STE Str SPDR PT DW EU ETF and Vanguard Ftse Developed ETF.
Sections with a free account
What changed this quarter
131 positions with a change (59 new, 15 added to, 15 trimmed, 42 sold); also, 2 entered through an IPO, 2 exited through an acquisition or merger. 12 are listed here: those of 0.5 points of the portfolio or more (up to 12).
- Newly listedHoneywell AerospaceHONA1.3% of the portfolio
- Newly listedRoundhill ETF TrustDRAM0.6% of the portfolio
It started trading this quarter: it appears in a 13F for the first time. The filing does not say whether the manager already held it before the listing, so it is not counted as a purchase.
- STE Str SPDR PT DW EU ETF−4.8 ppof portfolioSold out6.5% → —
- Revolution Medicines+209%more sharesIncreased1.6% → 6.8%
- Advanced Micro Devices+3.9 ppof portfolioNew— → 3.9%
- Vaneck ETF Trust+293%more sharesIncreased2.0% → 4.6%
- Apple−57%fewer sharesReduced6.0% → 2.2%
- Amazon.com+108%more sharesIncreased3.1% → 5.5%
- Uber Technologies+2.7 ppof portfolioNew— → 2.7%
- Vanguard Ftse Developed ETF−2.5 ppof portfolioSold out3.4% → —
- Tesla+2.4 ppof portfolioNew— → 2.4%
- Hut 8+2.3 ppof portfolioNew— → 2.3%
- Sandisk−47%fewer sharesReduced3.1% → 4.3%
- Norwegian Cruise Line Holdings+178%more sharesIncreased1.5% → 3.4%
The figure on the right: for positions added to or trimmed, the change in the number of shares (%); for new and sold ones, the points of the portfolio moved (pp). Below, the portfolio weight before → after. Traded weight: what it bought or sold, excluding price effects.
Top holdings
- Revolution MedicinesRVMD6.8%
- Amazon.comAMZN5.5%
- Vaneck ETF TrustGDX4.6%
- SandiskSNDK4.3%
- Advanced Micro DevicesAMD3.9%
- AlphabetGOOGL · GOOG3.9%
- Norwegian Cruise Line HoldingsNCLH3.4%
- NVIDIANVDA2.9%
- UBER TechnologiesUBER2.7%
- MicrosoftMSFT2.7%
- TeslaTSLA2.4%
- Hut 8HUT2.3%
- IsharesEWZ2.2%
- AppleAAPL2.2%
- SynopsysSNPS2.2%
Portfolio by sector
- ● Information Technology 32%
- ● No sector 17%
- ● Consumer Discretionary 14%
- ● Health Care 13%
- ● Industrials 12%
- ● Financials 5%
- ● Communication Services 5%
- ● Energy 2%
Stakes above 5% (13D/13G)
Companies where this filer reported holding 5% or more of the shares. It is the figure from its latest filing on each one; history since December 2024.
How we classify it
Not counted as a concentrated manager: it has fewer than 8 quarters of history; its top 10 positions are under 45%; it turns over more than 50% of the portfolio per quarter; it is a bank or trading desk; its positions are usually hedges or inventory. Its portfolio is shown all the same, but it is left out of manager counts, the consensus and the ranking. How this is decided
Managers of a similar size
A 13F portfolio value between a third and three times this one, whatever the type of filer. It is not a comparison of what they hold.
- Sessa Capital IMInvestment firm · $5.8 bn
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- Kensico Capital ManagementInvestment firm · $5.8 bn
- DSM Capital PartnersInvestment firm · $5.8 bn
- Lingotto Investment Management LLPInvestment firm · $5.7 bn
- Scge ManagementInvestment firm · $5.9 bn