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Nearwater Capital Markets, Ltd — 13F Holdings & Portfolio

CIK 1915842 · latest 13F-HR filed 2026-08-14

Backtest portfolio

Nearwater Capital Markets, Ltd manages $5.80B in 13F-reported U.S. long-equity assets across 100 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are RVMD (6.77%), AMZN (5.46%), GDX (4.62%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 64 new positions and exited 46; 18 existing positions rose in reported value and 16 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
$5.80B

Long-equity book

Holdings
100

Distinct positions

Period
2026-06-30

Filed 2026-08-14

Q/Q Activity
+64 / −46 / ↑18 / ↓16

vs 2026-03-31

Portfolio charts

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

Portfolio map

Q2 26
RVMD6.8% · +209%AMZN5.5% · +108%GDX4.6% · +293%SNDK4.3% · -47%AMD3.9% · newNCLH3.4% · +178%GOOGL3.3% · +81%NVDA2.9% · -40%UBER2.7% · newMSFT2.7% · +154%TSLA2.4% · newHUT2.3% · newEWZ2.2% · newAAPL2.2% · -57%SNPS2.2% · +250%FXI2.1% · newIEMG1.8% · newTXN1.5% · newDXCM1.5% · newU1.4% · newHON1.3% · newDT1.3% · newHONA1.3% · newCOF1.3% · +310%MS1.2% · newACWI1.2% · -33%XOM1.1% · newWBS1.0% · +89%RTX1.0% · +182%ROST0.9% · +97%ANET0.9% · 0%ROIV0.9% · newEFA0.8% · newEEM0.8% · +21%UAL0.8% · newNSC0.8% · newPH0.8% · newCIEN0.8% · newHLT0.8% · newALGN0.8% · newGDXJ0.8% · -72%BRK.B0.8% · -29%UNH0.7% · +11%SPHR0.7% · -39%COPX0.7% · -46%GTLS0.7% · +67%TMO0.6% · newDRAM0.6% · newGOOG0.6% · newTER0.6% · -68%CAR0.6% · newFTNT0.6% · newPURR0.5% · newGM0.5% · newXPO0.5% · newWULF0.5% · newKEYS0.5% · newIBIT0.5% · -37%PLTR0.5% · newIDEV0.5% · new

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

Q1 26 → Q2 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 = 40.1%

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

Firm Profile & Key People

Name Title / Status Ownership Type

Quarter-over-quarter changes

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

Nearwater Capital Markets, Ltd 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 REVOLUTION MEDICINES ORD RVMD 76155X100 $392.7M 6.77% 2,097,000 SH
2 AMAZON COM ORD AMZN 023135106 $316.8M 5.46% 1,329,000 SH
3 VANECK GOLD MINERS ETF GDX 92189F106 $268.0M 4.62% 3,551,500 SH
4 SANDISK ORD SNDK 80004C200 $250.1M 4.31% 110,000 SH
5 ADVANCED MICRO DEVICES ORD AMD 007903107 $225.4M 3.89% 388,000 SH
6 NORWEGIAN CRUISE LINE HOLDINGS ORD NCLH G66721104 $199.8M 3.45% 9,465,000 SH
7 ALPHABET CL A ORD GOOGL 02079K305 $188.7M 3.25% 527,900 SH
8 NVIDIA ORD NVDA 67066G104 $170.9M 2.95% 854,000 SH
9 UBER TECHNOLOGIES ORD UBER 90353T100 $157.4M 2.71% 2,181,000 SH
10 MICROSOFT ORD MSFT 594918104 $156.7M 2.70% 420,000 SH
11 TESLA ORD TSLA 88160R101 $139.6M 2.41% 332,000 SH
12 HUT 8 ORD HUT 44812J104 $134.1M 2.31% 1,161,500 SH
13 ISHARES MSCI BRAZIL ETF EWZ 464286400 $127.7M 2.20% 3,700,000 SH
14 APPLE ORD AAPL 037833100 $126.7M 2.19% 438,000 SH
15 SYNOPSYS ORD SNPS 871607107 $124.9M 2.15% 280,000 SH
16 ISHARES CHINA LARGE CAP ETF FXI 464287184 $122.5M 2.11% 3,877,000 SH
17 ISHARES CORE MSCI EMERGING ETF IEMG 46434G103 $103.6M 1.79% 1,250,200 SH
18 TEXAS INSTRUMENTS ORD TXN 882508104 $87.9M 1.52% 295,000 SH
19 DEXCOM ORD DXCM 252131107 $84.2M 1.45% 1,250,000 SH
20 UNITY SOFTWARE ORD U 91332U101 $82.3M 1.42% 2,881,000 SH
21 HONEYWELL INTERNATIONAL ORD HON 438516205 $78.0M 1.35% 348,500 SH
22 DYNATRACE ORD DT 268150109 $77.7M 1.34% 1,770,000 SH
23 HONEYWELL AEROSPACE ORD HONA 43849R105 $77.0M 1.33% 348,500 SH
24 CAPITAL ONE FINANCIAL ORD COF 14040H105 $72.7M 1.25% 362,400 SH
25 MORGAN STANLEY ORD MS 617446448 $71.1M 1.23% 340,000 SH
26 ISHARES MSCI ACWI ETF ACWI 464288257 $67.8M 1.17% 431,900 SH
27 EXXONMOBIL HOLDINGS ORD XOM 30231G102 $61.9M 1.07% 453,000 SH
28 WEBSTER FINANCIAL ORD WBS 947890109 $59.5M 1.03% 778,000 SH
29 RTX ORD RTX 75513E101 $57.9M 1.00% 305,000 SH
30 ROSS STORES ORD ROST 778296103 $54.5M 0.94% 256,000 SH
31 ARISTA NETWORKS ORD ANET 040413205 $54.2M 0.93% 319,000 SH
32 ROIVANT SCIENCES ORD ROIV G76279101 $53.1M 0.92% 1,500,000 SH
33 ISHARES MSCI EAFE ETF EFA 464287465 $48.3M 0.83% 465,000 SH
34 ISHARES MSCI EMERGING MARKETS ETF EEM 464287234 $47.9M 0.83% 700,000 SH
35 UNITED AIRLINES HOLDINGS ORD UAL 910047109 $47.7M 0.82% 351,000 SH
36 NORFOLK SOUTHERN ORD NSC 655844108 $46.9M 0.81% 149,000 SH
37 PARKER HANNIFIN ORD PH 701094104 $46.0M 0.79% 47,000 SH
38 CIENA ORD CIEN 171779309 $45.6M 0.79% 93,000 SH
39 HILTON WORLDWIDE HOLDINGS ORD HLT 43300A203 $45.3M 0.78% 137,000 SH
40 ALIGN TECHNOLOGY ORD ALGN 016255101 $45.2M 0.78% 268,000 SH
41 VANECK JUNIOR GOLD MINERS ETF GDXJ 92189F791 $44.2M 0.76% 450,000 SH
42 BERKSHIRE HATHAWAY CL B ORD BRK.B 084670702 $44.0M 0.76% 88,000 SH
43 UNITEDHEALTH GRP ORD UNH 91324P102 $41.6M 0.72% 100,000 SH
44 SPHERE ENTERTAINMENT CL A ORD SPHR 55826T102 $39.7M 0.68% 229,200 SH
45 GLOBAL X COPPER MINERS ETF COPX 37954Y830 $38.5M 0.66% 500,000 SH
46 CHART INDUSTRIES ORD GTLS 16115Q308 $38.4M 0.66% 184,000 SH
47 THERMO FISHER SCIENTIFIC ORD TMO 883556102 $37.1M 0.64% 74,000 SH
48 ROUNDHILL MEMORY ETF DRAM 77926X320 $36.9M 0.64% 500,000 SH
49 ALPHABET CL C ORD GOOG 02079K107 $35.3M 0.61% 100,000 SH
50 TERADYNE ORD TER 880770102 $34.8M 0.60% 72,000 SH
Filing History
Period Filed AUM Holdings Accession
2026-06-30 2026-08-14 $5.80B 100 0001915842-26-000009
2026-03-31 2026-05-15 $4.24B 82 0001915842-26-000007
2025-12-31 2026-02-17 $5.85B 104 0001915842-26-000003
2025-09-30 2025-11-13 $7.48B 144 0001915842-25-000021
Filer Information
Address
FLEMING COURT, FLEMING'S PLACE
3RD FLOOR
DUBLIN 4, DUBLIN, L2 00000
Phone
(212) 774-9000
Filing Manager
Nearwater Capital Markets, Ltd
NEW YORK, NY
Signatory
Ursula Clay
Chief Compliance Officer