Headwater Capital Co Ltd — 13F Holdings & Portfolio

CIK 2036346 · latest 13F-HR filed 2026-08-14

Headwater Capital Co Ltd manages $500.4M in 13F-reported U.S. long-equity assets across 15 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are TSM (20.04%), META (17.73%), GOOG (15.04%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 5 new positions, exited 6, added to 2, and trimmed 7.

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.

Filer Information
Address
RM 6009, 60/F, CENTRAL PLAZA,
18 HARBOUR ROAD, WANCHAI
HONG KONG, F4 999077
Phone
852-92488600
Filing Manager
Headwater Capital Co Ltd
HONG KONG, F4
Signatory
Wu Dingwen
director
Loading holdings…
AUM

$500.4M

Long-equity book

Holdings

15

Distinct positions

Period

2026-06-30

Filed 2026-08-14

Q/Q Activity

+5 / −6 / ↑2 / ↓7

vs 2026-03-31

Firm Profile & Key People
Name Title / Status Ownership Type

Top Adds (vs prior quarter)

  • FUTU HLDGS LTD$15.9M +115.9%
  • ROBLOX CORP$5.8M +51.4%
Show all 2 →

Top Trims

  • ALPHABET INC-$41.1M -62.2%
  • META PLATFORMS INC-$19.4M -18.0%
  • TAIWAN SEMICONDUCTOR MANUFAC-$13.3M -11.7%
  • MICRON TECHNOLOGY INC-$11.9M -32.9%
  • ALPHABET INC-$9.4M -11.1%
Show all 7 →

New Positions

  • AMAZON COM INC$31.0M
  • VISA INC$24.0M
  • BWX TECHNOLOGIES INC$15.6M
  • APPLOVIN CORP$10.3M
  • PAYPAY CORP$7.2M
Show all 5 →

Exited Positions

  • NVIDIA CORP$54.9M
  • DOORDASH INC$31.5M
  • PDD HOLDINGS INC$15.3M
  • LUMENTUM HOLDINGS INC$14.1M
  • ON HLDG AG$10.2M
Show all 6 →
All Holdings

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 TAIWAN SEMICONDUCTOR MANUFAC TSM 874039100 $100.3M 20.04% 210,000 SH
2 META PLATFORMS INC META 30303M102 $88.7M 17.73% 157,500 SH
3 ALPHABET INC GOOG 02079K107 $75.3M 15.04% 213,000 SH
4 AMAZON COM INC AMZN 023135106 $31.0M 6.19% 130,000 SH
5 FUTU HLDGS LTD FUTU 36118L106 $29.5M 5.90% 315,000 SH
6 ALPHABET INC GOOGL 02079K305 $25.0M 5.00% 70,000 SH
7 MICRON TECHNOLOGY INC MU 595112103 $24.2M 4.84% 21,000 SH
8 TRIP COM GROUP LTD TCOM 89677Q107 $24.1M 4.82% 605,000 SH
9 VISA INC V 92826C839 $24.0M 4.80% 70,000 SH
10 ROBINHOOD MKTS INC HOOD 770700102 $21.1M 4.21% 210,000 SH
11 ROBLOX CORP RBLX 771049103 $17.1M 3.42% 315,000 SH
12 BWX TECHNOLOGIES INC BWXT 05605H100 $15.6M 3.11% 80,000 SH
13 APPLOVIN CORP APP 03831W108 $10.3M 2.06% 20,000 SH
14 PAYPAY CORP PAYP 70450C101 $7.2M 1.43% 500,000 SH
15 INVESCO QQQ TR Put QQQ 46090E103 $7.0M 1.40% 630,000 SH
Filing History
Period Filed AUM Holdings Accession
2026-06-30 2026-08-14 $500.4M 15 0002036346-26-000007
2026-03-31 2026-05-15 $622.0M 15 0002036346-26-000006
2025-12-31 2026-02-19 $480.9M 17 0002036346-26-000005
2025-12-31 2026-02-17 $480.9M 17 0002036346-26-000004