Waterloo Capital, L.P. — 13F Holdings & Portfolio
CIK 1730942 · latest 13F-HR filed 2026-07-29
Waterloo Capital, L.P. manages $1.78B in 13F-reported U.S. long-equity assets across 560 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are SPYM (4.21%), WMT (3.38%), SPYG (3.04%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 124 new positions and exited 48; 236 existing positions rose in reported value and 123 fell.
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.
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AUM
$1.78B
Long-equity book
Holdings
560
Distinct positions
Period
2026-06-30
Filed 2026-07-29
Q/Q Activity
+124 / −48 / ↑236 / ↓123
vs 2026-03-31
Portfolio charts
Latest quarter's book, what changed, and how the portfolio has evolved across filings.
Portfolio map
Q2 26SPYM4.2% · +368%WMT3.4% · +4%SPYG3.0% · +30%AVLV2.6% · newAAPL2.3% · +16%QQQM2.2% · +17%NVDA2.1% · +10%FENI2.1% · +4%ACIO1.9% · -2%EMXC1.7% · +3%RSP1.7% · -7%IDUB1.5% · -2%JCPB1.4% · +20%GBIL1.3% · +1%DRSK1.2% · +4%VEA1.2% · +0%AVGO1.2% · +19%VOO1.1% · -11%IVV1.1% · -68%OSCV1.1% · -1%CGSD1.0% · newMSFT1.0% · +10%IEF1.0% · +111%AMZN0.9% · +12%SMH0.9% · -27%GOOG0.8% · +25%SPY0.8% · +24%MUB0.8% · -3%ADME0.8% · -3%QQQ0.7% · +73%ASML0.7% · +331%SLQD0.7% · +6%DUBS0.7% · +42%GOOGL0.7% · +4%AMD0.7% · +113%UPSD0.7% · +4%STX0.7% · -6%SHYG0.6% · +5%VWO0.6% · +4%AGG0.6% · +20%IAU0.6% · +28%CTA0.6% · +200%IEFA0.5% · -7%EWJ0.5% · +9%IWD0.5% · -17%SJNK0.5% · +4%CGCP0.5% · newSPLV0.5% · -22%GLBE0.5% · newSPTI0.5% · -23%JPIE0.5% · -24%SHOP0.5% · newLQD0.4% · +9%SPYD0.4% · +5%MU0.4% · +52%TSLA0.4% · +10%BSV0.4% · -40%IEMG0.4% · +5%PM0.4% · +0%CEG0.4% · +493%
Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.
Sector mix
% of 13F valueSectors from each company's SIC code; funds and ETFs grouped separately.
Biggest buys and sells
Q1 26 → Q2 26Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.
13F assets and positions
4 quartersTotal reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.
Top positions over time
reported valueThe eight largest current positions, valued at each quarter end.
Concentration
top 10 = 25.6%Cumulative share of the portfolio held in the largest N positions.
Firm Profile & Key People
As of the firm’s regulatory filing dated Sep 24, 2026.
Assets Under Management
$2.26B
Discretionary
$2.10B
Employees
64
Accounts
7,306
Address
2801 VIA FORTUNA
SUITE 250
AUSTIN, TX 78746
SUITE 250
AUSTIN, TX 78746
Phone
(512) 777-5900
| Name | Title / Status | Ownership | Type |
|---|---|---|---|
| CHATMAS, JOHN, THOMAS Control | CEO since Jun 2012 | Less than 5% | Individual |
| ROSE, ADAM, JOSEPH Control | COO since Apr 2024 | Less than 5% | Individual |
| SIMONEAUX, DONALD, RALPH Control | PRESIDENT since Jun 2023 | Less than 5% | Individual |
| WATERLOO CAPITAL MANAGEMENT LLC Control | GENERAL PARTNER since Dec 2012 | 50–75% | Domestic Entity |
| DEGRAVE, DANIEL, CHARLES | VP OF OPERATIONS AND COMPLIANCE since Sep 2025 | Less than 5% | Individual |
| SADZEWICZ, GERY, JOSEPH | CHIEF COMPLIANCE OFFICER since Jan 2012 | Less than 5% | Individual |
| CHATMAS, JOHN, THOMAS Control Indirect owner via WATERLOO CAPITAL MANAGEMENT LLC | SOLE MEMBER since Dec 2012 | 75% or more | Individual |
Ownership & leadership changes · 11 filings with changes since Feb 16, 2012
From the firm’s regulatory filings, newest first. Dates are filing dates: a filing that no longer lists someone does not say when they left.
Sep 16, 2025 filing
- AddedDEGRAVE, DANIEL, CHARLES · VP OF OPERATIONS AND COMPLIANCE · Less than 5%
Apr 10, 2024 filing
- AddedROSE, ADAM, JOSEPH · COO · Less than 5% · control person
Jun 9, 2023 filing
- No longer listedGATES, TERRELL, FRANKLIN · EXECUTIVE OFFICER · Less than 5% · listed since Jan 2022
- No longer listedGP-WATERLOO CAPITAL MGMT · GENERAL PARTNER · 25–50% · control person · listed since Jan 2022
- AddedSIMONEAUX, DONALD, RALPH · PRESIDENT · Less than 5% · control person
- Listed againCHATMAS, JOHN, THOMAS · CEO · Less than 5% · control person
Feb 21, 2023 filing
- No longer listedCHATMAS, JOHN, THOMAS · PRESIDENT & CEO · Less than 5% · control person · listed since Jun 2012
- AddedGATES, TERRELL, FRANKLIN · EXECUTIVE OFFICER · Less than 5%
Apr 25, 2022 filing
- Listed againCHATMAS, JOHN, THOMAS · PRESIDENT & CEO · Less than 5% · control person
Mar 9, 2022 filing
- No longer listedBTE ENERGY, LLC · LIMITED PARTNER · 10–25% · listed since Dec 2012
- No longer listedCHATMAS, JOHN, THOMAS · CEO · Less than 5% · control person · listed since Jun 2012
- No longer listedHICKSON, GERALD · LIMITED PARTNER · 5–10% · listed since Dec 2012
- No longer listedTEEGARDIN VENTURES, LP · LIMITED PARTNER · Less than 5% · listed since Dec 2012
- No longer listedTHE BD 2012 FAMILY TRUST · LIMITED PARTNER · Less than 5% · listed since Dec 2012
- No longer listedTHE DD 2012 FAMILY TRUST · LIMITED PARTNER · Less than 5% · listed since Dec 2012
- AddedGP-WATERLOO CAPITAL MGMT · GENERAL PARTNER · 25–50% · control person
- ChangedCHATMAS, JOHN, THOMAS · indirect via WATERLOO CAPITAL MANAGEMENT LLC: ownership 50–75% → 75% or more
Jul 9, 2018 filing
- No longer listedBRENDA DACHNER · TRUSTEE · 75% or more · indirect via THE DD 2012 FAMILY TRUST · control person · listed since Dec 2012
- No longer listedDAVID DACHNER · TRUSTEE · 75% or more · indirect via THE BD 2012 FAMILY TRUST · control person · listed since Dec 2012
- No longer listedEDWARDS, BURKE · SOLE MEMBER · 75% or more · indirect via BTE ENERGY LLC · control person · listed since Oct 2001
- No longer listedTEEGARDIN, TRICIA · LIMITED PARTNER · 75% or more · indirect via TEEGARDIN VENTURES, LP · control person · listed since Dec 2006
Oct 7, 2013 filing
- No longer listedRIVER CREST LP · LIMITED PARTNER · 5–10% · listed since Dec 2012
- No longer listedSTEWARD, MARCY, WESTON · LTD PARTNER · 10–25% · listed since Sep 2004
- ChangedHICKSON, GERALD · ownership Less than 5% → 5–10%
Jan 17, 2013 filing
- No longer listedGATES, TERRELL, FRANKLIN · MANAGING MEMBER · 75% or more · indirect via VIRTUS CONSULTING LLC · control person · listed since Sep 2004
- No longer listedGATES, TERRELL, FRANKLIN · GENERAL PARTNER · 75% or more · indirect via VIRTUS FINANCIAL GROUP LP · control person · listed since Sep 2004
- No longer listedVIRTUS CONSULTING, LLC · GENERAL PARTNER · Less than 5% · control person · listed since Sep 2004
- No longer listedVIRTUS FINANCIAL GROUP LP · LIMITED PARTNER · 75% or more · control person · listed since Sep 2004
- AddedBRENDA DACHNER · TRUSTEE · 75% or more · indirect via THE DD 2012 FAMILY TRUST · control person
- AddedBTE ENERGY, LLC · LIMITED PARTNER · 10–25%
- AddedCHATMAS, JOHN, THOMAS · SOLE MEMBER · 50–75% · indirect via WATERLOO CAPITAL MANAGEMENT LLC · control person
- AddedDAVID DACHNER · TRUSTEE · 75% or more · indirect via THE BD 2012 FAMILY TRUST · control person
- AddedEDWARDS, BURKE · SOLE MEMBER · 75% or more · indirect via BTE ENERGY LLC · control person
- AddedHICKSON, GERALD · LIMITED PARTNER · Less than 5%
- AddedRIVER CREST LP · LIMITED PARTNER · 5–10%
- AddedTEEGARDIN VENTURES, LP · LIMITED PARTNER · Less than 5%
- AddedTEEGARDIN, TRICIA · LIMITED PARTNER · 75% or more · indirect via TEEGARDIN VENTURES, LP · control person
- AddedTHE BD 2012 FAMILY TRUST · LIMITED PARTNER · Less than 5%
- AddedTHE DD 2012 FAMILY TRUST · LIMITED PARTNER · Less than 5%
- AddedWATERLOO CAPITAL MANAGEMENT LLC · GENERAL PARTNER · 50–75% · control person
Jul 27, 2012 filing
- AddedCHATMAS, JOHN, THOMAS · CEO · Less than 5% · control person
- ChangedSTEWARD, MARCY, WESTON · title LTD PARTNER, DIRECTOR OF OPERATIONS → LTD PARTNER; no longer a control person
Older changes (2 more filings)
Mar 30, 2012 filing
- AddedSADZEWICZ, GERY, JOSEPH · CHIEF COMPLIANCE OFFICER · Less than 5%
- ChangedSTEWARD, MARCY, WESTON · title LTD PARTNER, CHIEF COMPLIANCE OFFICER, DIRECTOR OF OPERATIONS → LTD PARTNER, DIRECTOR OF OPERATIONS
Feb 16, 2012 filing (earliest on record)
- ListedGATES, TERRELL, FRANKLIN · MANAGING MEMBER · 75% or more · indirect via VIRTUS CONSULTING LLC · control person
- ListedGATES, TERRELL, FRANKLIN · GENERAL PARTNER · 75% or more · indirect via VIRTUS FINANCIAL GROUP LP · control person
- ListedSTEWARD, MARCY, WESTON · LTD PARTNER, CHIEF COMPLIANCE OFFICER, DIRECTOR OF OPERATIONS · 10–25% · control person
- ListedVIRTUS CONSULTING, LLC · GENERAL PARTNER · Less than 5% · control person
- ListedVIRTUS FINANCIAL GROUP LP · LIMITED PARTNER · 75% or more · control person
Quarter-over-quarter changes
Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.
Top Adds (vs prior quarter)
- STATE STREET SPDR PORTFOLIO S&P 500 ETF$60.9M +437.8%
- STATE STREET SPDR PORTFOLIO S&P 500 GROWTH ETF$19.7M +57.4%
- INVESCO NASDAQ 100 ETF$12.9M +48.9%
- ASML HLDG NV N Y REGISTRY SHS$10.9M +549.0%
- APPLE INC$10.2M +32.5%
Top Trims
- ISHARES S&P 500 INDEX-$32.9M -62.7%
- DIMENSIONAL US LARGE CAP VALUE ETF-$29.3M -97.3%
- SPDR SER TR LEHMAN 1-3 MONTH T-BILL ETF-$9.9M -93.8%
- STATE STREET INDUSTRIAL SELECT SECTOR SPDR ETF-$5.3M -63.9%
- VANGUARD SHORT-TERM BOND ETF-$5.2M -40.3%
Exited Positions
- EXXON MOBIL CORP COM$5.8M
- CLEARWAY ENERGY INC CL A$5.8M
- ALLEGION PLC$1.0M
- PACKAGING CORP OF AMERICA$994.6K
- MGIC INVT CORP WIS COM$771.3K
Waterloo Capital, L.P. Holdings (2026-06-30)
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 | STATE STREET SPDR PORTFOLIO S&P 500 ETF | SPYM | 78464A854 | $74.8M | 4.21% | 851,658 | SH |
| 2 | WALMART INC COM | WMT | 931142103 | $60.1M | 3.38% | 530,264 | SH |
| 3 | STATE STREET SPDR PORTFOLIO S&P 500 GROWTH ETF | SPYG | 78464A409 | $54.1M | 3.04% | 454,743 | SH |
| 4 | AVANTIS U.S. LARGE CAP VALUE ETF | AVLV | 025072349 | $45.9M | 2.58% | 502,911 | SH |
| 5 | APPLE INC | AAPL | 037833100 | $41.5M | 2.33% | 143,351 | SH |
| 6 | INVESCO NASDAQ 100 ETF | QQQM | 46138G649 | $39.2M | 2.20% | 129,254 | SH |
| 7 | NVIDIA CORP | NVDA | 67066G104 | $36.9M | 2.07% | 184,461 | SH |
| 8 | FIDELITY ENHANCED INTERNATIONAL ETF | FENI | 31609A404 | $36.5M | 2.05% | 909,512 | SH |
| 9 | APTUS COLLARED INVESTMENT OPPORTUNITY ETF | ACIO | 26922A222 | $34.3M | 1.93% | 742,913 | SH |
| 10 | ISHARES MSCI EMERGING MARKETS EX CHINA ETF | EMXC | 46434G764 | $30.4M | 1.71% | 297,542 | SH |
| 11 | INVESCO S&P 500 EQUAL WEIGHT ETF | RSP | 46137V357 | $30.1M | 1.69% | 141,666 | SH |
| 12 | APTUS INTERNATIONAL ENHANCED YIELD | IDUB | 26922B709 | $26.2M | 1.47% | 952,040 | SH |
| 13 | JPMORGAN CORE PLUS BOND ETF | JCPB | 46641Q670 | $25.3M | 1.42% | 540,035 | SH |
| 14 | ACCESS TREASURY 0-1 YEAR ETF | GBIL | 381430529 | $23.5M | 1.32% | 234,945 | SH |
| 15 | APTUS DEFINED RISK ETF | DRSK | 26922A388 | $21.4M | 1.20% | 744,188 | SH |
| 16 | VANGUARD FTSE DEVELOPED MARKETS ETF | VEA | 921943858 | $21.3M | 1.20% | 298,504 | SH |
| 17 | BROADCOM INC COM | AVGO | 11135F101 | $20.8M | 1.17% | 54,944 | SH |
| 18 | VANGUARD S&P 500 ETF | VOO | 922908363 | $19.8M | 1.11% | 28,818 | SH |
| 19 | ISHARES S&P 500 INDEX | IVV | 464287200 | $19.5M | 1.10% | 26,103 | SH |
| 20 | OPUS SMALL CAP VALUE ETF | OSCV | 26922A446 | $19.3M | 1.08% | 457,187 | SH |
| 21 | CAPITAL GROUP SHORT DURATION INCOME ETF | CGSD | 14020Y409 | $18.3M | 1.03% | 710,000 | SH |
| 22 | MICROSOFT | MSFT | 594918104 | $17.5M | 0.98% | 46,783 | SH |
| 23 | ISHARES 7-10 YEAR TREASURY BOND ETF | IEF | 464287440 | $16.9M | 0.95% | 179,061 | SH |
| 24 | AMAZON.COM INC | AMZN | 023135106 | $16.1M | 0.90% | 67,348 | SH |
| 25 | VANECK SEMICONDUCTOR ETF | SMH | 92189F676 | $15.6M | 0.88% | 23,851 | SH |
| 26 | ALPHABET INC CAP STK CL C | GOOG | 02079K107 | $15.0M | 0.84% | 42,499 | SH |
| 27 | STATE STREET SPDR S&P 500 ETF | SPY | 78462F103 | $14.6M | 0.82% | 19,615 | SH |
| 28 | ISHARES NATIONAL MUNI BOND ETF | MUB | 464288414 | $14.3M | 0.81% | 133,204 | SH |
| 29 | APTUS DRAWDOWN MANAGED EQUITY ETF | ADME | 26922A784 | $14.0M | 0.78% | 250,954 | SH |
| 30 | POWERSHARES QQQ TR | QQQ | 46090E103 | $13.2M | 0.74% | 17,933 | SH |
| 31 | ASML HLDG NV N Y REGISTRY SHS | ASML | N07059210 | $12.9M | 0.73% | 6,498 | SH |
| 32 | ISHARES 0-5 YEAR INVESTMENT GRADE CORPORATE BOND ETF | SLQD | 46434V100 | $12.9M | 0.73% | 256,252 | SH |
| 33 | APTUS LARGE CAP ENHANCED YIELD ETF | DUBS | 26922B535 | $12.8M | 0.72% | 307,808 | SH |
| 34 | ALPHABET INC CAP STK CL A | GOOGL | 02079K305 | $12.5M | 0.70% | 35,088 | SH |
| 35 | ADVANCED MICRO DEVICES INC COM | AMD | 007903107 | $12.0M | 0.68% | 20,700 | SH |
| 36 | APTUS LARGE CAP UPSIDE ETF | UPSD | 26922B444 | $11.9M | 0.67% | 421,963 | SH |
| 37 | SEAGATE TECHNOLOGY | STX | G7997R103 | $11.7M | 0.66% | 12,142 | SH |
| 38 | ISHARES 0-5 YEAR HIGH YIELD CORPORATE BOND ETF | SHYG | 46434V407 | $10.8M | 0.60% | 253,825 | SH |
| 39 | VANGUARD FTSE EMERGING MARKETS ETF | VWO | 922042858 | $10.6M | 0.60% | 178,293 | SH |
| 40 | ISHARES AGGREGATE BOND ETF | AGG | 464287226 | $10.6M | 0.60% | 107,044 | SH |
| 41 | ISHARES GOLD TRUST | IAU | 464285204 | $10.5M | 0.59% | 139,369 | SH |
| 42 | SIMPLIFY MANAGED FUTURES STRATEGY ETF | CTA | 82889N699 | $10.0M | 0.56% | 387,215 | SH |
| 43 | ISHARES CORE MSCI EAFE ETF | IEFA | 46432F842 | $9.4M | 0.53% | 97,062 | SH |
| 44 | ISHARES MSCI JAPAN ETF | EWJ | 46434G822 | $9.3M | 0.52% | 99,472 | SH |
| 45 | ISHARES RUSSELL 1000 VALUE ETF | IWD | 464287598 | $9.0M | 0.51% | 37,287 | SH |
| 46 | STATE STREET SPDR BLOOMBERG SHORT TERM HIGH YIELD BOND ETF | SJNK | 78468R408 | $8.9M | 0.50% | 354,627 | SH |
| 47 | CAPITAL GROUP CORE PLUS INCOME ETF | CGCP | 14020Y102 | $8.6M | 0.48% | 384,700 | SH |
| 48 | POWERSHARES SP500 LOW VOLATILITY ETF | SPLV | 46138E354 | $8.5M | 0.48% | 113,513 | SH |
| 49 | GLOBAL E ONLINE LTD SHS | GLBE | M5216V106 | $8.5M | 0.48% | 243,565 | SH |
| 50 | STATE STREET SPDR PORTFOLIO INTERMEDIATE TERM TREASURY ETF | SPTI | 78464A672 | $8.4M | 0.47% | 296,877 | SH |
Filing History
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-06-30 | 2026-07-29 | $1.78B | 560 | 0001104659-26-087951 |
| 2026-03-31 | 2026-05-12 | $1.42B | 481 | 0001104659-26-059213 |
| 2025-12-31 | 2026-02-10 | $1.39B | 456 | 0001104659-26-012470 |
| 2025-09-30 | 2025-11-05 | $1.34B | 455 | 0001104659-25-106781 |
Filer Information
Address
2700 VIA FORTUNASUITE 100
AUSTIN, TX 78746
Phone
(512) 693-4363
Filing Manager
Waterloo Capital, L.P.
AUSTIN, TX
Signatory
John Chatmas
CEO