Watershed Asset Management, L.L.C. — 13F Holdings & Portfolio
CIK 1315926 · latest 13F-HR filed 2026-08-14
Watershed Asset Management, L.L.C. manages $111.8M in 13F-reported U.S. long-equity assets across 116 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are V (4.79%), VEU (4.73%), TMO (4.10%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 27 new positions, exited 29, added to 67, and trimmed 11.
AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.
SAN FRANCISCO, CA 94108
$111.8M
Long-equity book
116
Distinct positions
2026-06-30
Filed 2026-08-14
+27 / −29 / ↑67 / ↓11
vs 2026-03-31
| Name | Title / Status | Ownership | Type |
|---|
Top Adds (vs prior quarter)
- AMAZON COM INC$1.4M +47.4%
- INVESCO EXCH TRADED FD TR II$1.2M +59.3%
- THERMO FISHER SCIENTIFIC INC$1.1M +33.3%
- MOODYS CORP$1.1M +37.2%
- VISA INC$1.1M +26.0%
Top Trims
- TERADYNE INC-$533.8K -20.2%
- VANGUARD INTL EQUITY INDEX F-$404.1K -7.1%
- APPLIED MATLS INC-$194.0K -6.7%
- ZUMIEZ INC-$78.7K -19.7%
- BUCKLE INC-$73.2K -16.2%
New Positions
- TAIWAN SEMICONDUCTOR MANUFAC$3.5M
- SEA LTD$2.7M
- REPLIGEN CORP$2.6M
- DOORDASH INC$2.4M
- ANALOG DEVICES INC$2.4M
Exited Positions
- MERCADOLIBRE INC$2.6M
- INTEL CORP$2.0M
- DIREXION SHARES ETF TRUST$2.0M
- NVIDIA CORPORATION$1.9M
- DANAHER CORP DEL$1.8M
Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).
| # | Issuer | Symbol | CUSIP | Value | Weight | Shares | Type |
|---|---|---|---|---|---|---|---|
| 1 | VISA INC | V | 92826C839 | $5.4M | 4.79% | 15,600 | SH |
| 2 | VANGUARD INTL EQUITY INDEX F | VEU | 922042775 | $5.3M | 4.73% | 63,091 | SH |
| 3 | THERMO FISHER SCIENTIFIC INC | TMO | 883556102 | $4.6M | 4.10% | 9,150 | SH |
| 4 | AMAZON COM INC | AMZN | 023135106 | $4.5M | 4.01% | 18,800 | SH |
| 5 | MOODYS CORP | MCO | 615369105 | $4.2M | 3.75% | 9,250 | SH |
| 6 | ISHARES INC | EWW | 464286822 | $4.0M | 3.60% | 53,500 | SH |
| 7 | META PLATFORMS INC | META | 30303M102 | $3.6M | 3.22% | 6,387 | SH |
| 8 | TAIWAN SEMICONDUCTOR MANUFAC | TSM | 874039100 | $3.5M | 3.16% | 7,400 | SH |
| 9 | INVESCO EXCH TRADED FD TR II | TAN | 46138G706 | $3.2M | 2.86% | 54,000 | SH |
| 10 | SEA LTD | SE | 81141R100 | $2.7M | 2.43% | 28,300 | SH |
| 11 | APPLIED MATLS INC | AMAT | 038222105 | $2.7M | 2.43% | 3,750 | SH |
| 12 | REPLIGEN CORP | RGEN | 759916109 | $2.6M | 2.29% | 18,800 | SH |
| 13 | ISHARES TR | INDA | 46429B598 | $2.5M | 2.21% | 50,000 | SH |
| 14 | DOORDASH INC | DASH | 25809K105 | $2.4M | 2.16% | 13,100 | SH |
| 15 | ANALOG DEVICES INC | ADI | 032654105 | $2.4M | 2.13% | 6,000 | SH |
| 16 | SHOPIFY INC | SHOP | 82509L107 | $2.3M | 2.05% | 20,100 | SH |
| 17 | KLA CORP | KLAC | 482480100 | $2.2M | 2.00% | 7,400 | SH |
| 18 | WARBY PARKER INC | WRBY | 93403J106 | $2.1M | 1.91% | 70,500 | SH |
| 19 | TERADYNE INC | TER | 880770102 | $2.1M | 1.88% | 4,350 | SH |
| 20 | CRANE NXT CO | CXT | 224441105 | $625.1K | 0.56% | 12,218 | SH |
| 21 | QUALYS INC | QLYS | 74758T303 | $600.3K | 0.54% | 4,366 | SH |
| 22 | PAGAYA TECHNOLOGIES LTD | PGY | M7S64L123 | $598.6K | 0.54% | 32,800 | SH |
| 23 | INSIGHT ENTERPRISES INC | NSIT | 45765U103 | $596.7K | 0.53% | 4,899 | SH |
| 24 | RINGCENTRAL INC | RNG | 76680R206 | $596.3K | 0.53% | 15,297 | SH |
| 25 | CONSENSUS CLOUD SOLUTIONS IN | CCSI | 20848V105 | $594.8K | 0.53% | 15,592 | SH |
| 26 | CDW CORP | CDW | 12514G108 | $585.1K | 0.52% | 4,160 | SH |
| 27 | EURONET WORLDWIDE INC | EEFT | 298736109 | $581.9K | 0.52% | 7,950 | SH |
| 28 | GODADDY INC | GDDY | 380237107 | $581.3K | 0.52% | 6,848 | SH |
| 29 | FIVE9 INC | FIVN | 338307101 | $579.3K | 0.52% | 27,171 | SH |
| 30 | AMKOR TECHNOLOGY INC | AMKR | 031652100 | $579.1K | 0.52% | 6,716 | SH |
| 31 | DAVITA INC | DVA | 23918K108 | $576.2K | 0.52% | 2,590 | SH |
| 32 | BLACKBAUD INC | BLKB | 09227Q100 | $574.4K | 0.51% | 19,392 | SH |
| 33 | WEX INC | WEX | 96208T104 | $570.4K | 0.51% | 4,043 | SH |
| 34 | CARGURUS INC | CARG | 141788109 | $568.8K | 0.51% | 16,686 | SH |
| 35 | ADOBE INC | ADBE | 00724F101 | $565.6K | 0.51% | 2,759 | SH |
| 36 | JABIL INC | JBL | 466313103 | $564.3K | 0.50% | 1,464 | SH |
| 37 | VIEMED HEALTHCARE INC | VMD | 92663R105 | $564.2K | 0.50% | 49,487 | SH |
| 38 | PHOTRONICS INC | PLAB | 719405102 | $563.4K | 0.50% | 17,320 | SH |
| 39 | PC CONNECTION INC | CNXN | 69318J100 | $560.6K | 0.50% | 7,680 | SH |
| 40 | DIEBOLD NIXDORF INC | DBD | 253651202 | $558.8K | 0.50% | 6,572 | SH |
| 41 | EPLUS INC | PLUS | 294268107 | $557.6K | 0.50% | 6,699 | SH |
| 42 | KEARNY FINL CORP MD | KRNY | 48716P108 | $557.3K | 0.50% | 58,916 | SH |
| 43 | CASS INFORMATION SYS INC | CASS | 14808P109 | $554.6K | 0.50% | 10,807 | SH |
| 44 | CORPAY INC | CPAY | 219948106 | $553.2K | 0.49% | 1,660 | SH |
| 45 | IBEX LTD | IBEX | G4690M101 | $547.2K | 0.49% | 18,017 | SH |
| 46 | BELDEN INC | BDC | 077454106 | $546.7K | 0.49% | 4,559 | SH |
| 47 | SALESFORCE INC | CRM | 79466L302 | $546.4K | 0.49% | 3,488 | SH |
| 48 | SKYWEST INC | SKYW | 830879102 | $545.5K | 0.49% | 5,492 | SH |
| 49 | OSI SYSTEMS INC | OSIS | 671044105 | $543.5K | 0.49% | 2,485 | SH |
| 50 | COLLEGIUM PHARMACEUTICAL INC | COLL | 19459J104 | $541.9K | 0.48% | 14,970 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-06-30 | 2026-08-14 | $111.8M | 116 | 0000935836-26-000411 |
| 2026-03-31 | 2026-05-06 | $96.5M | 118 | 0000935836-26-000228 |
| 2025-12-31 | 2026-02-17 | $107.1M | 118 | 0000935836-26-000095 |