# Highwater Wealth Management, LLC

> Institutional holdings reported to the SEC as of Q3 2019 on Form 13F. CIK 1683046. Source: https://holderbook.com/funds/1683046-highwater-wealth-management-llc/

- Reported value: $22.6M
- Positions: 30
- Weight of the ten largest: 68.5%
- Filed: 2019-10-17

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| NORDSON CORP | [NDSN](https://holderbook.com/stocks/NDSN/) | $6.0M | 40,920 | 26.4% | 4 |
| PROSHARES TR | [NOBL](https://holderbook.com/stocks/NOBL/) | $1.5M | 20,716 | 6.6% | 3 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $1.4M | 20,120 | 6.3% | 4 |
| VANGUARD INTL EQUITY INDEX F | [VEU](https://holderbook.com/stocks/VEU/) | $1.1M | 22,119 | 4.9% | 4 |
| ISHARES TR | [IWD](https://holderbook.com/stocks/IWD/) | $1.1M | 8,313 | 4.7% | 4 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $977.0K | 3,274 | 4.3% | 4 |
| VANGUARD WHITEHALL FDS | [VYM](https://holderbook.com/stocks/VYM/) | $958.0K | 10,794 | 4.2% | 4 |
| ISHARES TR | [IDV](https://holderbook.com/stocks/IDV/) | $861.0K | 28,002 | 3.8% | 4 |
| SCHWAB STRATEGIC TR | [SCHD](https://holderbook.com/stocks/SCHD/) | $840.0K | 15,332 | 3.7% | 4 |
| ISHARES TR | [IWF](https://holderbook.com/stocks/IWF/) | $813.0K | 5,091 | 3.6% | 4 |
| VANGUARD INTL EQUITY INDEX F | [VWO](https://holderbook.com/stocks/VWO/) | $778.0K | 19,329 | 3.4% | 4 |
| WORKIVA INC | [WK](https://holderbook.com/stocks/WK/) | $588.0K | 13,415 | 2.6% | 4 |
| VANGUARD INDEX FDS | [VO](https://holderbook.com/stocks/VO/) | $555.0K | 3,310 | 2.5% | 4 |
| SCHWAB STRATEGIC TR | [SCHZ](https://holderbook.com/stocks/SCHZ/) | $549.0K | 10,198 | 2.4% | 4 |
| VANGUARD MALVERN FDS | [VTIP](https://holderbook.com/stocks/VTIP/) | $545.0K | 11,105 | 2.4% | 4 |
| ISHARES TR | [DSI](https://holderbook.com/stocks/DSI/) | $451.0K | 4,066 | 2.0% | 4 |
| ISHARES TR | [GVI](https://holderbook.com/stocks/GVI/) | $387.0K | 3,419 | 1.7% | 1 |
| ISHARES TR | [MBB](https://holderbook.com/stocks/MBB/) | $372.0K | 3,439 | 1.6% | 4 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $303.0K | 2,577 | 1.3% | 4 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $298.0K | 1,332 | 1.3% | 4 |
| SPDR SERIES TRUST | [SDY](https://holderbook.com/stocks/SDY/) | $259.0K | 2,520 | 1.1% | 4 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $247.0K | 910 | 1.1% | 4 |
| EMERSON ELEC CO | [EMR](https://holderbook.com/stocks/EMR/) | $246.0K | 3,681 | 1.1% | 4 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $245.0K | 141 | 1.1% | 4 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $239.0K | 1,148 | 1.1% | 2 |
| WISDOMTREE TR | [DOL](https://holderbook.com/stocks/DOL/) | $223.0K | 4,850 | 1.0% | 4 |
| FIRST TR EXCHANGE-TRADED FD | [FDN](https://holderbook.com/stocks/FDN/) | $219.0K | 1,630 | 1.0% | 4 |
| VANGUARD INDEX FDS | [VB](https://holderbook.com/stocks/VB/) | $216.0K | 1,402 | 1.0% | 2 |
| NORTHROP GRUMMAN CORP | [NOC](https://holderbook.com/stocks/NOC/) | $210.0K | 560 | 0.9% | 1 |
| ECOLAB INC | [ECL](https://holderbook.com/stocks/ECL/) | $202.0K | 1,018 | 0.9% | 2 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q3 2019 | +0.0% | +1.3% | -1.3% | 100% |
| Q2 2019 | +3.7% | +3.7% | -0.1% | 100% |
| Q1 2019 | +12.1% | +13.0% | -0.9% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q3 2019 | $22.6M | 30 |
| Q2 2019 | $22.1M | 32 |
| Q1 2019 | $24.1M | 29 |
| Q4 2018 | $21.4M | 30 |