Watershed Asset Management, L.L.C. — 13F Holdings & Portfolio
CIK 1315926 · latest 13F-HR filed 2026-05-06
Watershed Asset Management, L.L.C. manages $96.5M in 13F-reported U.S. long-equity assets across 118 reported positions as of its 2026-03-31 13F-HR filing. Its largest disclosed positions are VEU (5.89%), V (4.40%), EWW (4.17%). Quarter over quarter (versus its 2025-12-31 filing) the fund opened 39 new positions, exited 39, added to 26, and trimmed 24.
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.
$96.5M
Long-equity book
118
Distinct positions
2026-03-31
Filed 2026-05-06
+39 / −39 / ↑26 / ↓24
vs 2025-12-31
| Name | Title / Status | Ownership | Type |
|---|
Top Adds (vs prior quarter)
- APPLIED MATLS INC$2.5M +580.2%
- META PLATFORMS INC$635.1K +27.9%
- WARBY PARKER INC$526.7K +54.9%
- ISHARES INC$315.6K +8.5%
- THERMO FISHER SCIENTIFIC INC$311.7K +10.0%
Top Trims
- DIREXION SHARES ETF TRUST-$9.9M -83.3%
- VISA INC-$1.2M -21.9%
- GITLAB INC-$641.7K -31.7%
- MERCADOLIBRE INC-$432.1K -14.2%
- ISHARES TR-$360.5K -13.3%
New Positions
- MOODYS CORP$3.1M
- AMAZON COM INC$3.0M
- TERADYNE INC$2.6M
- KLA CORP$2.3M
- INTEL CORP$2.0M
Exited Positions
- MICROSOFT CORP$4.5M
- DUTCH BROS INC$3.5M
- S&P GLOBAL INC$3.2M
- MONDAY COM LTD$3.1M
- WESTERN DIGITAL CORP$3.0M
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 | VANGUARD INTL EQUITY INDEX F | VEU | 922042775 | $5.7M | 5.89% | 75,739 | SH |
| 2 | VISA INC | V | 92826C839 | $4.2M | 4.40% | 14,050 | SH |
| 3 | ISHARES INC | EWW | 464286822 | $4.0M | 4.17% | 53,500 | SH |
| 4 | THERMO FISHER SCIENTIFIC INC | TMO | 883556102 | $3.4M | 3.57% | 7,000 | SH |
| 5 | MOODYS CORP | MCO | 615369105 | $3.1M | 3.16% | 7,000 | SH |
| 6 | AMAZON COM INC | AMZN | 023135106 | $3.0M | 3.15% | 14,600 | SH |
| 7 | META PLATFORMS INC | META | 30303M102 | $2.9M | 3.02% | 5,087 | SH |
| 8 | APPLIED MATLS INC | AMAT | 038222105 | $2.9M | 3.01% | 8,500 | SH |
| 9 | TERADYNE INC | TER | 880770102 | $2.6M | 2.73% | 8,900 | SH |
| 10 | MERCADOLIBRE INC | MELI | 58733R102 | $2.6M | 2.71% | 1,515 | SH |
| 11 | ISHARES TR | INDA | 46429B598 | $2.3M | 2.43% | 50,000 | SH |
| 12 | KLA CORP | KLAC | 482480100 | $2.3M | 2.38% | 1,560 | SH |
| 13 | INTEL CORP | INTC | 458140100 | $2.0M | 2.09% | 45,600 | SH |
| 14 | INVESCO EXCH TRADED FD TR II | TAN | 46138G706 | $2.0M | 2.08% | 36,000 | SH |
| 15 | DIREXION SHARES ETF TRUST | QQQE | 25459Y207 | $2.0M | 2.06% | 20,200 | SH |
| 16 | NVIDIA CORPORATION | NVDA | 67066G104 | $1.9M | 1.97% | 10,900 | SH |
| 17 | DANAHER CORP DEL | DHR | 235851102 | $1.8M | 1.85% | 9,400 | SH |
| 18 | LUMENTUM HLDGS INC | LITE | 55024U109 | $1.5M | 1.60% | 2,200 | SH |
| 19 | WARBY PARKER INC | WRBY | 93403J106 | $1.5M | 1.54% | 70,500 | SH |
| 20 | GITLAB INC | GTLB | 37637K108 | $1.4M | 1.44% | 64,000 | SH |
| 21 | MANPOWERGROUP INC WIS | MAN | 56418H100 | $514.3K | 0.53% | 17,458 | SH |
| 22 | KORN FERRY | KFY | 500643200 | $512.6K | 0.53% | 8,143 | SH |
| 23 | INSTEEL INDS INC | IIIN | 45774W108 | $500.5K | 0.52% | 14,890 | SH |
| 24 | DELL TECHNOLOGIES INC | DELL | 24703L202 | $500.1K | 0.52% | 3,047 | SH |
| 25 | RYDER SYS INC | R | 783549108 | $495.6K | 0.51% | 2,421 | SH |
| 26 | CIRRUS LOGIC INC | CRUS | 172755100 | $486.8K | 0.50% | 3,366 | SH |
| 27 | ZOOM COMMUNICATIONS INC | ZM | 98980L101 | $483.9K | 0.50% | 6,019 | SH |
| 28 | AT&T INC | T | 00206R102 | $477.5K | 0.49% | 16,472 | SH |
| 29 | INNOVIVA INC | INVA | 45781M101 | $474.5K | 0.49% | 20,366 | SH |
| 30 | HUMANA INC | HUM | 444859102 | $474.2K | 0.49% | 2,735 | SH |
| 31 | SKYWEST INC | SKYW | 830879102 | $472.2K | 0.49% | 5,142 | SH |
| 32 | ENNIS INC | EBF | 293389102 | $471.7K | 0.49% | 22,020 | SH |
| 33 | AKAMAI TECHNOLOGIES INC | AKAM | 00971T101 | $471.0K | 0.49% | 4,101 | SH |
| 34 | INGRAM MICRO HLDG CORP | INGM | 457152106 | $470.5K | 0.49% | 20,184 | SH |
| 35 | INTERFACE INC | TILE | 458665304 | $469.2K | 0.49% | 18,828 | SH |
| 36 | VERIZON COMMUNICATIONS INC | VZ | 92343V104 | $466.5K | 0.48% | 9,292 | SH |
| 37 | ZOOMINFO TECHNOLOGIES INC | GTM | 98980F104 | $464.8K | 0.48% | 77,728 | SH |
| 38 | ADOBE INC | ADBE | 00724F101 | $463.6K | 0.48% | 1,907 | SH |
| 39 | PAGAYA TECHNOLOGIES LTD | PGY | M7S64L123 | $463.2K | 0.48% | 39,762 | SH |
| 40 | PEAPACK-GLADSTONE FINL CORP | PGC | 704699107 | $463.2K | 0.48% | 13,154 | SH |
| 41 | NETAPP INC | NTAP | 64110D104 | $462.6K | 0.48% | 4,518 | SH |
| 42 | DAVITA INC | DVA | 23918K108 | $461.5K | 0.48% | 3,003 | SH |
| 43 | NEWS CORP NEW | NWSA | 65249B109 | $460.7K | 0.48% | 18,478 | SH |
| 44 | BOYD GAMING CORP | BYD | 103304101 | $459.1K | 0.48% | 5,586 | SH |
| 45 | DIODES INC | DIOD | 254543101 | $458.5K | 0.48% | 6,717 | SH |
| 46 | BEACON FINANCIAL CORP. | BBT | 084680107 | $456.9K | 0.47% | 15,229 | SH |
| 47 | WEX INC | WEX | 96208T104 | $454.1K | 0.47% | 2,967 | SH |
| 48 | AMKOR TECHNOLOGY INC | AMKR | 031652100 | $453.3K | 0.47% | 10,066 | SH |
| 49 | ACADEMY SPORTS & OUTDOORS IN | ASO | 00402L107 | $453.0K | 0.47% | 8,024 | SH |
| 50 | IBEX LTD | IBEX | G4690M101 | $452.6K | 0.47% | 16,877 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-03-31 | 2026-05-06 | $96.5M | 118 | 0000935836-26-000228 |
| 2025-12-31 | 2026-02-17 | $107.1M | 118 | 0000935836-26-000095 |