# Waterloo Capital, L.P.

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1730942. Source: https://holderbook.com/funds/1730942-waterloo-capital-l-p/

- Reported value: $1.8B
- Positions: 557
- Weight of the ten largest: 25.5%
- Filed: 2026-07-29

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 |
|---|---|---|---|---|---|
| SPDR SERIES TRUST | [SPYM](https://holderbook.com/stocks/SPYM/) | $74.8M | 851,658 | 4.2% | 14 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $60.1M | 530,264 | 3.4% | 12 |
| SPDR SERIES TRUST | [SPYG](https://holderbook.com/stocks/SPYG/) | $54.1M | 454,743 | 3.0% | 14 |
| AMERICAN CENTY ETF TR | [AVLV](https://holderbook.com/stocks/AVLV/) | $45.9M | 502,911 | 2.6% | 1 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $41.5M | 143,351 | 2.3% | 15 |
| INVESCO EXCH TRADED FD TR II | [QQQM](https://holderbook.com/stocks/QQQM/) | $39.2M | 129,254 | 2.2% | 13 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $36.9M | 184,461 | 2.1% | 14 |
| FIDELITY COVINGTON TRUST | [FENI](https://holderbook.com/stocks/FENI/) | $36.5M | 909,512 | 2.1% | 3 |
| APTUS COLLARED INV | [ACIO](https://holderbook.com/stocks/ACIO/) | $34.3M | 742,913 | 1.9% | 15 |
| ISHARES INC | [EMXC](https://holderbook.com/stocks/EMXC/) | $30.4M | 297,542 | 1.7% | 3 |
| INVESCO EXCHANGE TRADED FD T | [RSP](https://holderbook.com/stocks/RSP/) | $30.1M | 141,666 | 1.7% | 14 |
| ETF SER SOLUTIONS | [IDUB](https://holderbook.com/stocks/IDUB/) | $26.2M | 952,040 | 1.5% | 14 |
| J P MORGAN EXCHANGE TRADED F | [JCPB](https://holderbook.com/stocks/JCPB/) | $25.3M | 540,035 | 1.4% | 7 |
| GOLDMAN SACHS ETF TR | [GBIL](https://holderbook.com/stocks/GBIL/) | $23.5M | 234,945 | 1.3% | 14 |
| APTUS DEFINED RISK ETF | [DRSK](https://holderbook.com/stocks/DRSK/) | $21.4M | 744,188 | 1.2% | 15 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $21.3M | 298,504 | 1.2% | 15 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $20.8M | 54,944 | 1.2% | 15 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $19.8M | 28,818 | 1.1% | 15 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $19.5M | 26,103 | 1.1% | 15 |
| OPUS SMALL CAP VALUE | [OSCV](https://holderbook.com/stocks/OSCV/) | $19.3M | 457,187 | 1.1% | 15 |
| CAPITAL GRP FIXED INCM ETF T | [CGSD](https://holderbook.com/stocks/CGSD/) | $18.3M | 710,000 | 1.0% | 1 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $17.5M | 46,783 | 1.0% | 15 |
| ISHARES TR | [IEF](https://holderbook.com/stocks/IEF/) | $16.9M | 179,061 | 1.0% | 9 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $16.1M | 67,348 | 0.9% | 15 |
| VANECK ETF TRUST | [SMH](https://holderbook.com/stocks/SMH/) | $16.0M | 23,851 | 0.9% | 5 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $15.0M | 17,933 | 0.8% | 15 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $15.0M | 42,499 | 0.8% | 14 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $14.6M | 19,615 | 0.8% | 14 |
| ISHARES TR | [MUB](https://holderbook.com/stocks/MUB/) | $14.3M | 133,204 | 0.8% | 10 |
| APTUS DRAWDOWN MANAGED | [ADME](https://holderbook.com/stocks/ADME/) | $14.0M | 250,954 | 0.8% | 15 |
| ASML HLDG NV | [ASML](https://holderbook.com/stocks/ASML/) | $12.9M | 6,498 | 0.7% | 4 |
| ISHARES TR | [SLQD](https://holderbook.com/stocks/SLQD/) | $12.9M | 256,252 | 0.7% | 10 |
| ETF SER SOLUTIONS | [DUBS](https://holderbook.com/stocks/DUBS/) | $12.8M | 307,808 | 0.7% | 12 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $12.5M | 35,088 | 0.7% | 15 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $12.0M | 20,700 | 0.7% | 11 |
| Aptus Large Cap Upside ETF | [UPSD](https://holderbook.com/stocks/UPSD/) | $11.9M | 421,963 | 0.7% | 6 |
| SEAGATE TECHNOLOGY HLDNGS PL | [STX](https://holderbook.com/stocks/STX/) | $11.7M | 12,142 | 0.7% | 11 |
| ISHARES TR | [SHYG](https://holderbook.com/stocks/SHYG/) | $10.8M | 253,825 | 0.6% | 11 |
| VANGUARD INTL EQUITY INDEX F | [VWO](https://holderbook.com/stocks/VWO/) | $10.6M | 178,293 | 0.6% | 15 |
| ISHARES TR | [AGG](https://holderbook.com/stocks/AGG/) | $10.6M | 107,044 | 0.6% | 15 |
| ISHARES GOLD TR | [IAU](https://holderbook.com/stocks/IAU/) | $10.5M | 139,369 | 0.6% | 8 |
| SIMPLIFY EXCHANGE TRADED FUN | [CTA](https://holderbook.com/stocks/CTA/) | $10.0M | 387,215 | 0.6% | 2 |
| ISHARES TR | [IEFA](https://holderbook.com/stocks/IEFA/) | $9.4M | 97,062 | 0.5% | 14 |
| ISHARES INC | [EWJ](https://holderbook.com/stocks/EWJ/) | $9.3M | 99,472 | 0.5% | 8 |
| ISHARES TR | [IWD](https://holderbook.com/stocks/IWD/) | $9.0M | 37,287 | 0.5% | 15 |
| SPDR SERIES TRUST | [SJNK](https://holderbook.com/stocks/SJNK/) | $8.9M | 354,627 | 0.5% | 11 |
| CAPITAL GRP FIXED INCM ETF T | [CGCP](https://holderbook.com/stocks/CGCP/) | $8.6M | 384,700 | 0.5% | 1 |
| INVESCO EXCH TRADED FD TR II | [SPLV](https://holderbook.com/stocks/SPLV/) | $8.5M | 113,513 | 0.5% | 14 |
| GLOBAL E ONLINE LTD | [GLBE](https://holderbook.com/stocks/GLBE/) | $8.5M | 243,565 | 0.5% | 1 |
| SPDR SERIES TRUST | [SPTI](https://holderbook.com/stocks/SPTI/) | $8.4M | 296,877 | 0.5% | 12 |
| J P MORGAN EXCHANGE TRADED F | [JPIE](https://holderbook.com/stocks/JPIE/) | $8.4M | 182,882 | 0.5% | 6 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $8.0M | 6,761 | 0.5% | 5 |
| SHOPIFY INC | [SHOP](https://holderbook.com/stocks/SHOP/) | $8.0M | 70,169 | 0.5% | 1 |
| ISHARES TR | [LQD](https://holderbook.com/stocks/LQD/) | $8.0M | 73,041 | 0.4% | 8 |
| SPDR SERIES TRUST | [SPYD](https://holderbook.com/stocks/SPYD/) | $7.8M | 163,735 | 0.4% | 9 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $7.8M | 18,456 | 0.4% | 14 |
| VANGUARD BD INDEX FDS | [BSV](https://holderbook.com/stocks/BSV/) | $7.7M | 99,419 | 0.4% | 14 |
| ISHARES INC | [IEMG](https://holderbook.com/stocks/IEMG/) | $7.6M | 91,400 | 0.4% | 11 |
| PHILIP MORRIS INTL INC | [PM](https://holderbook.com/stocks/PM/) | $7.5M | 41,589 | 0.4% | 11 |
| CONSTELLATION ENERGY CORP | [CEG](https://holderbook.com/stocks/CEG/) | $7.3M | 29,567 | 0.4% | 6 |
| SIMON PPTY GROUP INC NEW | [SPG](https://holderbook.com/stocks/SPG/) | $6.9M | 30,885 | 0.4% | 11 |
| OMEGA HEALTHCARE INVS INC | [OHI](https://holderbook.com/stocks/OHI/) | $6.9M | 143,784 | 0.4% | 11 |
| SPDR SERIES TRUST | [SPHY](https://holderbook.com/stocks/SPHY/) | $6.8M | 289,526 | 0.4% | 12 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $6.5M | 19,900 | 0.4% | 15 |
| ISHARES TR | [ACWX](https://holderbook.com/stocks/ACWX/) | $6.4M | 84,173 | 0.4% | 6 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $6.3M | 24,785 | 0.4% | 15 |
| ALTRIA GROUP INC | [MO](https://holderbook.com/stocks/MO/) | $6.3M | 87,133 | 0.4% | 11 |
| SABRA HEALTH CARE REIT INC | [SBRA](https://holderbook.com/stocks/SBRA/) | $5.9M | 304,684 | 0.3% | 11 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $5.9M | 17,118 | 0.3% | 15 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $5.9M | 23,335 | 0.3% | 12 |
| LISTED FDS TR | [INFL](https://holderbook.com/stocks/INFL/) | $5.8M | 116,730 | 0.3% | 5 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $5.8M | 10,293 | 0.3% | 14 |
| BNY MELLON ETF TRUST | [BKGI](https://holderbook.com/stocks/BKGI/) | $5.7M | 127,511 | 0.3% | 3 |
| QUEST DIAGNOSTICS INC | [DGX](https://holderbook.com/stocks/DGX/) | $5.7M | 26,666 | 0.3% | 11 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $5.5M | 4,584 | 0.3% | 13 |
| UBER TECHNOLOGIES INC | [UBER](https://holderbook.com/stocks/UBER/) | $5.5M | 75,722 | 0.3% | 6 |
| INVESCO EXCHANGE TRADED FD T | [PPA](https://holderbook.com/stocks/PPA/) | $5.4M | 30,564 | 0.3% | 2 |
| MADRIGAL PHARMACEUTICALS INC | [MDGL](https://holderbook.com/stocks/MDGL/) | $5.3M | 9,926 | 0.3% | 1 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $5.2M | 10,476 | 0.3% | 14 |
| WELLS FARGO & CO | [WFC](https://holderbook.com/stocks/WFC/) | $5.2M | 62,918 | 0.3% | 11 |
| CLEARWAY ENERGY INC | [CWEN](https://holderbook.com/stocks/CWEN/) | $5.2M | 151,034 | 0.3% | 1 |
| SELECT SECTOR SPDR TR | [XLK](https://holderbook.com/stocks/XLK/) | $5.0M | 26,438 | 0.3% | 15 |
| HOST HOTELS & RESORTS INC | [HST](https://holderbook.com/stocks/HST/) | $5.0M | 210,601 | 0.3% | 7 |
| SPDR SERIES TRUST | [SPYV](https://holderbook.com/stocks/SPYV/) | $5.0M | 81,430 | 0.3% | 12 |
| SCHWAB STRATEGIC TR | [SCHX](https://holderbook.com/stocks/SCHX/) | $4.9M | 167,217 | 0.3% | 15 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $4.8M | 13,068 | 0.3% | 15 |
| ETF SER SOLUTIONS | [DEFR](https://holderbook.com/stocks/DEFR/) | $4.8M | 179,736 | 0.3% | 5 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $4.8M | 58,888 | 0.3% | 10 |
| ANTERO MIDSTREAM CORP | [AM](https://holderbook.com/stocks/AM/) | $4.7M | 204,399 | 0.3% | 11 |
| HUNT J B TRANS SVCS INC | [JBHT](https://holderbook.com/stocks/JBHT/) | $4.6M | 15,906 | 0.3% | 11 |
| KINDER MORGAN INC DEL | [KMI](https://holderbook.com/stocks/KMI/) | $4.5M | 140,196 | 0.3% | 11 |
| QUANTA SVCS INC | [PWR](https://holderbook.com/stocks/PWR/) | $4.5M | 6,191 | 0.3% | 10 |
| ATMOS ENERGY CORP | [ATO](https://holderbook.com/stocks/ATO/) | $4.4M | 25,664 | 0.2% | 8 |
| FIFTH THIRD BANCORP | [FITB](https://holderbook.com/stocks/FITB/) | $4.4M | 77,961 | 0.2% | 11 |
| SCHWAB STRATEGIC TR | [SCHG](https://holderbook.com/stocks/SCHG/) | $4.3M | 127,251 | 0.2% | 15 |
| OUTFRONT MEDIA INC | [OUT](https://holderbook.com/stocks/OUT/) | $4.3M | 131,288 | 0.2% | 6 |
| DAVITA INC | [DVA](https://holderbook.com/stocks/DVA/) | $4.1M | 18,423 | 0.2% | 1 |
| 3M CO | [MMM](https://holderbook.com/stocks/MMM/) | $4.0M | 24,889 | 0.2% | 9 |
| APTUS ENHANCED YIELD | [JUCY](https://holderbook.com/stocks/JUCY/) | $4.0M | 183,245 | 0.2% | 14 |
| TRAVEL PLUS LEISURE CO | [TNL](https://holderbook.com/stocks/TNL/) | $4.0M | 52,633 | 0.2% | 11 |

## 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 |
|---|---|---|---|---|
| Q2 2026 | +9.6% | +14.8% | -5.2% | 100% |
| Q1 2026 | -1.5% | -4.6% | +3.1% | 100% |
| Q4 2025 | +1.1% | +2.4% | -1.2% | 100% |
| Q3 2025 | +5.8% | +7.8% | -2.1% | 100% |
| Q2 2025 | +6.9% | +10.5% | -3.6% | 100% |
| Q1 2025 | -1.8% | -4.6% | +2.7% | 100% |
| Q4 2024 | -0.1% | +2.1% | -2.2% | 100% |
| Q3 2024 | +5.9% | +5.4% | +0.5% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $1.8B | 557 |
| Q1 2026 | $1.4B | 481 |
| Q4 2025 | $1.4B | 456 |
| Q3 2025 | $1.3B | 455 |
| Q2 2025 | $1.2B | 456 |
| Q1 2025 | $1.1B | 390 |
| Q4 2024 | $948.9M | 363 |
| Q3 2024 | $916.3M | 354 |
| Q2 2024 | $833.3M | 347 |
| Q1 2024 | $782.8M | 361 |
| Q4 2023 | $617.8M | 371 |
| Q3 2023 | $340.8M | 181 |