Nearwater Capital Markets, Ltd — 13F Holdings & Portfolio
CIK 1915842 · latest 13F-HR filed 2026-08-14
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, exited 46, added to 18, and trimmed 16.
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.
$5.80B
Long-equity book
100
Distinct positions
2026-06-30
Filed 2026-08-14
+64 / −46 / ↑18 / ↓16
vs 2026-03-31
Portfolio charts
Latest quarter's book, what changed, and how the portfolio has evolved across filings.
| Name | Title / Status | Ownership | Type |
|---|
Quarter-over-quarter changes
Share-count changes vs the prior 13F.
Top Adds (vs prior quarter)
- REVOLUTION MEDICINES ORD$326.8M +495.6%
- VANECK GOLD MINERS ETF$185.0M +223.0%
- AMAZON COM ORD$183.5M +137.6%
- NORWEGIAN CRUISE LINE HOLDINGS ORD$136.1M +213.8%
- SANDISK ORD$119.2M +91.1%
Top Trims
- VANECK JUNIOR GOLD MINERS ETF-$152.4M -77.5%
- APPLE ORD-$129.6M -50.6%
- NVIDIA ORD-$78.2M -31.4%
- CELCUITY ORD-$53.9M -99.8%
- GLOBAL X COPPER MINERS ETF-$32.9M -46.1%
New Positions
- ADVANCED MICRO DEVICES ORD$225.4M
- UBER TECHNOLOGIES ORD$157.4M
- TESLA ORD$139.6M
- HUT 8 ORD$134.1M
- ISHARES MSCI BRAZIL ETF$127.7M
Exited Positions
- ST STR SPDR POR DE WO EX US ETF$275.7M
- VANGUARD FTSE DEVELOPED MARKETS ETF$142.7M
- ISHARES CORE MSCI TOTL INTL STCK ETF$122.5M
- TERNS PHARMACEUTICALS ORD$113.4M
- CATERPILLAR ORD$107.7M
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 |
| 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 |
3RD FLOOR
DUBLIN 4, DUBLIN, L2 00000