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Riverwater Partners LLC — 13F Holdings & Portfolio

CIK 1882572 · latest 13F-HR filed 2026-11-03

Backtest portfolio

Riverwater Partners LLC manages $360.2M in 13F-reported U.S. long-equity assets across 207 reported positions as of its 2026-09-30 13F-HR filing. Its largest disclosed positions are CLSE (4.79%), IVV (2.94%), SGOV (2.72%). Quarter over quarter (versus its 2026-06-30 filing) the fund opened 17 new positions and exited 19; 65 existing positions rose in reported value and 68 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.

Loading holdings…
AUM
$360.2M

Long-equity book

Holdings
207

Distinct positions

Period
2026-09-30

Filed 2026-11-03

Q/Q Activity
+17 / −19 / ↑65 / ↓68

vs 2026-06-30

Portfolio charts

Latest quarter's book, what changed, and how the portfolio has evolved across filings.

Portfolio map

Q3 26
CLSE4.8% · -0%IVV2.9% · -1%SGOV2.7% · +89%AVSE2.7% · +2%GEQ2.2% · newCVLC2.0% · +20%IDCC1.9% · +9%STVN1.9% · +28%AVSD1.8% · +17%HAE1.6% · +16%NTCT1.6% · +10%LOPE1.6% · +9%EFV1.6% · 0%ADEA1.4% · -10%ICFI1.4% · +41%AAAU1.3% · +39%LMNR1.2% · +7%AZZ1.2% · +16%CFR1.2% · +16%EXEL1.1% · +16%PNFP1.1% · +15%MSFT1.1% · +7%DGX1.0% · -26%NVDA1.0% · +9%SKWD1.0% · +16%CROX1.0% · +16%GOOGL1.0% · -1%GFF1.0% · +12%JLL1.0% · +15%JKHY0.9% · +56%AAPL0.9% · +2%MDU0.9% · +16%AM0.9% · +53%NNN0.9% · +12%EAGG0.9% · +4%VMI0.8% · +16%PNW0.8% · +15%TGLS0.8% · newPLMR0.8% · +24%ATRC0.8% · -29%SNEX0.8% · +50%DGII0.8% · -25%RRC0.7% · +12%RDVT0.7% · 0%AVEM0.7% · 0%PLPC0.6% · -36%KGS0.6% · 0%CPK0.6% · +17%MMSI0.6% · 0%SCHW0.6% · -1%AMZN0.6% · +2%KBR0.6% · newPFS0.6% · +47%ICLR0.6% · newKNX0.6% · +159%LINE0.6% · newCWK0.6% · +32%MSA0.6% · +13%VECO0.6% · -15%PDFS0.6% · -11%

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 value

Sectors from each company's SIC code; funds and ETFs grouped separately.

Biggest buys and sells

Q2 26 → Q3 26

Estimated 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 quarters

Total reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.

Top positions over time

reported value

The eight largest current positions, valued at each quarter end.

Concentration

top 10 = 24.6%

Cumulative share of the portfolio held in the largest N positions.

Firm Profile & Key People

As of the firm’s regulatory filing dated Jun 16, 2026.

Assets Under Management
$660.9M
Discretionary
$434.5M
Employees
11
Accounts
548
Address
1433 N. WATER STREET
SUITE 303
MILWAUKEE, WI 53202
Phone
(414) 858-8000
Website
Name Title / Status Ownership Type
PECK, ADAM, JONATHAN ControlMEMBER AND CHIEF INVESTMENT OFFICER
since Feb 2016
25–50%Individual
PECK, LAURA, LEIGH ControlMEMBER AND CHIEF OPERATING OFFICER
since May 2016
25–50%Individual
DRVARIC, MATTHEW, MICHAELPARTNER
since Jun 2016
5–10%Individual
FOX, KIRK, SCOTTPARTNER AND DIRECTOR OF RESEARCH
since May 2024
Less than 5%Individual
POMBRA, MANOJ, KUMARCHIEF COMPLIANCE OFFICER
since Jan 2026
Less than 5%Individual
Ownership & leadership changes · 8 filings with changes since Oct 15, 2019

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.

Jan 7, 2026 filing
  • No longer listedBOHLEN, CYNTHIA, KAY · CHIEF MINDFULNESS OFFICER · Less than 5% · listed since Sep 2019
  • No longer listedHOCH, LORI, KACZYNSKI · CHIEF COMPLIANCE OFFICER · Less than 5% · control person · listed since Oct 2025
  • Listed againPOMBRA, MANOJ, KUMAR · CHIEF COMPLIANCE OFFICER · Less than 5%
Oct 1, 2025 filing
  • No longer listedPOMBRA, MANOJ, KUMAR · CHIEF COMPLIANCE OFFICER · Less than 5% · listed since Sep 2023
  • AddedHOCH, LORI, KACZYNSKI · CHIEF COMPLIANCE OFFICER · Less than 5% · control person
Apr 15, 2025 filing
  • ChangedPECK, LAURA, LEIGH · title MEMBER → MEMBER AND CHIEF OPERATING OFFICER
Mar 26, 2025 filing
  • ChangedDRVARIC, MATTHEW, MICHAEL · ownership Less than 5% → 5–10%
Jun 27, 2024 filing
  • No longer listedWAIT, GREGORY, DEAN · PARTNER · Less than 5% · listed since Sep 2019
  • AddedFOX, KIRK, SCOTT · PARTNER AND DIRECTOR OF RESEARCH · Less than 5%
Sep 20, 2023 filing
  • AddedPOMBRA, MANOJ, KUMAR · CHIEF COMPLIANCE OFFICER · Less than 5%
  • ChangedPECK, LAURA, LEIGH · title MEMBER AND CHIEF COMPLIANCE OFFICER → MEMBER
Aug 19, 2022 filing
  • ChangedPECK, LAURA, LEIGH · ownership 50–75% → 25–50%
Mar 30, 2020 filing
  • AddedBOHLEN, CYNTHIA, KAY · CHIEF MINDFULNESS OFFICER · Less than 5%
Oct 15, 2019 filing (earliest on record)
  • ListedDRVARIC, MATTHEW, MICHAEL · PARTNER · Less than 5%
  • ListedPECK, ADAM, JONATHAN · MEMBER AND CHIEF INVESTMENT OFFICER · 25–50% · control person
  • ListedPECK, LAURA, LEIGH · MEMBER AND CHIEF COMPLIANCE OFFICER · 50–75% · control person
  • ListedWAIT, GREGORY, DEAN · PARTNER · Less than 5%

Quarter-over-quarter changes

Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.

Riverwater Partners LLC Holdings (2026-09-30)

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 TRUST FOR PROFESSIONAL MANAG CLSE 89834G760 $17.2M 4.79% 506,995 SH
2 ISHARES TR IVV 464287200 $10.6M 2.94% 13,837 SH
3 ISHARES TR SGOV 46436E718 $9.8M 2.72% 97,140 SH
4 AMERICAN CENTY ETF TR AVSE 025072315 $9.7M 2.70% 122,889 SH
5 EA SERIES TRUST GEQ 02072Q176 $8.0M 2.23% 158,800 SH
6 MORGAN STANLEY ETF TRUST CVLC 61774R205 $7.1M 1.97% 74,840 SH
7 INTERDIGITAL INC IDCC 45867G101 $7.0M 1.95% 21,517 SH
8 STEVANATO GROUP S P A STVN T9224W109 $6.7M 1.85% 317,816 SH
9 AMERICAN CENTY ETF TR AVSD 025072299 $6.5M 1.80% 81,615 SH
10 HAEMONETICS CORP MASS HAE 405024100 $5.8M 1.61% 55,031 SH
11 NETSCOUT SYS INC NTCT 64115T104 $5.8M 1.60% 143,833 SH
12 GRAND CANYON ED INC LOPE 38526M106 $5.8M 1.60% 38,012 SH
13 ISHARES TR EFV 464288877 $5.7M 1.59% 72,288 SH
14 ADEIA INC ADEA 00676P107 $5.1M 1.43% 200,835 SH
15 ICF INTL INC ICFI 44925C103 $5.0M 1.38% 59,987 SH
16 GOLDMAN SACHS PHYSICAL GOLD AAAU 38150K103 $4.7M 1.31% 114,908 SH
17 LIMONEIRA CO LMNR 532746104 $4.3M 1.19% 361,604 SH
18 AZZ INC AZZ 002474104 $4.3M 1.19% 31,801 SH
19 CULLEN FROST BANKERS INC CFR 229899109 $4.2M 1.17% 27,512 SH
20 EXELIXIS INC EXEL 30161Q104 $4.0M 1.12% 69,204 SH
21 PINNACLE FINL PARTNERS INC PNFP 72348N109 $4.0M 1.12% 42,974 SH
22 MICROSOFT CORP MSFT 594918104 $3.8M 1.06% 7,459 SH
23 QUEST DIAGNOSTICS INC DGX 74834L100 $3.7M 1.04% 16,053 SH
24 NVIDIA CORPORATION NVDA 67066G104 $3.7M 1.04% 16,369 SH
25 SKYWARD SPECIALTY INS GROUP SKWD 830940102 $3.7M 1.01% 69,137 SH
26 CROCS INC CROX 227046109 $3.6M 1.01% 31,082 SH
27 ALPHABET INC GOOGL 02079K305 $3.6M 1.01% 10,536 SH
28 GRIFFON CORP GFF 398433102 $3.6M 1.00% 38,845 SH
29 JONES LANG LASALLE INC JLL 48020Q107 $3.6M 0.99% 11,691 SH
30 HENRY JACK & ASSOC INC JKHY 426281101 $3.4M 0.94% 23,576 SH
31 APPLE INC AAPL 037833100 $3.3M 0.91% 9,802 SH
32 MDU RES GROUP INC MDU 552690109 $3.3M 0.90% 175,415 SH
33 ANTERO MIDSTREAM CORP AM 03676B102 $3.2M 0.89% 158,561 SH
34 NNN REIT INC NNN 637417106 $3.2M 0.88% 77,131 SH
35 ISHARES TR EAGG 46435U549 $3.1M 0.85% 67,792 SH
36 VALMONT INDS INC VMI 920253101 $3.0M 0.84% 6,524 SH
37 PINNACLE WEST CAP CORP PNW 723484101 $3.0M 0.83% 32,324 SH
38 TECNOGLASS HOLDINGS INC TGLS 87877F103 $3.0M 0.82% 83,536 SH
39 PALOMAR HLDGS INC PLMR 69753M105 $2.9M 0.82% 23,890 SH
40 ATRICURE INC ATRC 04963C209 $2.8M 0.79% 50,588 SH
41 STONEX GROUP INC SNEX 861896108 $2.8M 0.78% 43,549 SH
42 DIGI INTL INC DGII 253798102 $2.8M 0.78% 36,818 SH
43 RANGE RES CORP RRC 75281A109 $2.5M 0.70% 67,698 SH
44 RED VIOLET INC RDVT 75704L104 $2.5M 0.69% 31,467 SH
45 AMERICAN CENTY ETF TR AVEM 025072604 $2.4M 0.67% 25,542 SH
46 PREFORMED LINE PRODS CO PLPC 740444104 $2.3M 0.65% 5,737 SH
47 KODIAK GAS SVCS INC KGS 50012A108 $2.3M 0.65% 43,987 SH
48 CHESAPEAKE UTILS CORP CPK 165303108 $2.3M 0.64% 20,772 SH
49 MERIT MED SYS INC MMSI 589889104 $2.3M 0.63% 26,292 SH
50 CHARLES SCHWAB CORP (THE) SCHW 808513105 $2.3M 0.63% 23,169 SH
Filing History
Period Filed AUM Holdings Accession
2026-09-30 2026-11-03 $360.2M 207 0001941040-26-000794
2026-06-30 2026-08-14 $336.8M 209 0001941040-26-000624
2026-03-31 2026-05-08 $300.0M 213 0001941040-26-000302
2025-12-31 2026-02-12 $258.4M 212 0001941040-26-000105
Filer Information
Address
1433 N. WATER STREET
SUITE 303
MILWAUKEE, WI 53202
Phone
(414) 232-7957
Filing Manager
Riverwater Partners LLC
Milwaukee, WI
Signatory
Adam J. Peck
Founder and CIO