Nearwater Capital Markets, Ltd
Reported holdings as of Q2 2026, from 7 quarterly filings.
Holdings
| Security | Ticker | Value | Shares | Weight | Weight change | Held | Change |
|---|---|---|---|---|---|---|---|
| REVOLUTION MEDICINES INC | RVMD | $392.7M | 2,097,000 | +5.22pp | 2q | +209.3%+$265.8M | |
| AMAZON COM INC | AMZN | $316.8M | 1,329,000 | +2.32pp | 7q | +107.7%+$164.2M | |
| VANECK ETF TRUST | GDX | $268.0M | 3,551,500 | +2.67pp | 2q | +292.9%+$199.8M | |
| SANDISK CORP | SNDK | $250.1M | 110,000 | +1.23pp | 3q | -46.6%-$218.3M | |
| ADVANCED MICRO DEVICES INC | AMD | $225.4M | 388,000 | - | new | NEW | |
| NORWEGIAN CRUISE LINE HLDGS | NCLH | $199.8M | 9,465,000 | +1.94pp | 2q | +178.0%+$127.9M | |
| ALPHABET INC | GOOGL | $188.7M | 527,900 | +1.27pp | 7q | +80.8%+$84.3M | |
| NVIDIA CORPORATION | NVDA | $170.9M | 854,000 | -2.93pp | 7q | -40.2%-$114.9M | |
| UBER TECHNOLOGIES INC | UBER | $157.4M | 2,181,000 | - | new | NEW | |
| MICROSOFT CORP | MSFT | $156.7M | 420,000 | +1.26pp | 7q | +154.5%+$95.1M | |
| TESLA INC | TSLA | $139.6M | 332,000 | - | new | NEW | |
| HUT 8 CORP | HUT | $134.1M | 1,161,500 | - | new | NEW | |
| ISHARES INC | EWZ | $127.7M | 3,700,000 | - | new | NEW | |
| APPLE INC | AAPL | $126.7M | 438,000 | -3.86pp | 7q | -56.6%-$165.5M | |
| SYNOPSYS INC | SNPS | $124.9M | 280,000 | +1.41pp | 2q | +250.0%+$89.2M | |
| ISHARES TR | FXI | $122.5M | 3,877,000 | - | new | NEW | |
| ISHARES INC | IEMG | $103.6M | 1,250,200 | - | new | NEW | |
| TEXAS INSTRS INC | TXN | $87.9M | 295,000 | - | new | NEW | |
| DEXCOM INC | DXCM | $84.2M | 1,250,000 | - | new | NEW | |
| UNITY SOFTWARE INC | U | $82.3M | 2,881,000 | - | new | NEW | |
| HONEYWELL INTL INC | HON | $78.0M | 348,500 | - | new | NEW | |
| DYNATRACE INC | DT | $77.7M | 1,770,000 | - | new | NEW | |
| HONEYWELL AEROSPACE INC | HONA | $77.0M | 348,500 | - | new | NEW | |
| CAPITAL ONE FINL CORP | COF | $72.7M | 362,400 | +0.87pp | 2q | +309.5%+$54.9M | |
| MORGAN STANLEY | MS | $71.1M | 340,000 | - | new | NEW | |
| ISHARES TR | ACWI | $67.8M | 431,900 | -0.93pp | 2q | -32.7%-$32.9M | |
| EXXON MOBIL CORP | XOMXXXX | $61.9M | 453,000 | - | new | NEW | |
| WEBSTER FINL CORP | WBS | $59.5M | 778,000 | +0.35pp | 2q | +88.8%+$28.0M | |
| RTX CORPORATION | RTX | $57.9M | 305,000 | +0.51pp | 2q | +182.4%+$37.4M | |
| ROSS STORES INC | ROST | $54.5M | 256,000 | +0.28pp | 2q | +96.9%+$26.8M | |
| ARISTA NETWORKS INC | ANET | $54.2M | 319,000 | +0.01pp | 7q | HELD | |
| ROIVANT SCIENCES LTD | ROIV | $53.1M | 1,500,000 | - | new | NEW | |
| ISHARES TR | EFA | $48.3M | 465,000 | - | new | NEW | |
| ISHARES TR | EEM | $47.9M | 700,000 | +0.05pp | 2q | +21.2%+$8.4M | |
| UNITED AIRLS HLDGS INC | UAL | $47.7M | 351,000 | - | new | NEW | |
| NORFOLK SOUTHN CORP | NSC | $46.9M | 149,000 | - | new | NEW | |
| PARKER-HANNIFIN CORP | PH | $46.0M | 47,000 | - | new | NEW | |
| CIENA CORP | CIEN | $45.6M | 93,000 | - | new | NEW | |
| HILTON WORLDWIDE HLDGS INC | HLT | $45.3M | 137,000 | - | new | NEW | |
| ALIGN TECHNOLOGY INC | ALGN | $45.2M | 268,000 | - | new | NEW | |
| VANECK ETF TRUST | GDXJ | $44.2M | 450,000 | -3.88pp | 6q | -72.5%-$116.7M | |
| BERKSHIRE HATHAWAY INC DEL | BRKB | $44.0M | 88,000 | -0.64pp | 7q | -29.0%-$18.0M | |
| UNITEDHEALTH GROUP INC | UNH | $41.6M | 100,000 | +0.14pp | 2q | +11.1%+$4.2M | |
| SPHERE ENTERTAINMENT CO | SPHR | $39.7M | 229,200 | -0.35pp | 4q | -38.9%-$25.2M | |
| GLOBAL X FDS | COPX | $38.5M | 500,000 | -1.02pp | 2q | -46.5%-$33.4M | |
| CHART INDS INC | GTLS | $38.4M | 184,000 | +0.13pp | 2q | +67.3%+$15.5M | |
| THERMO FISHER SCIENTIFIC INC | TMO | $37.1M | 74,000 | - | new | NEW | |
| ROUNDHILL ETF TRUST | $36.9M | 500,000 | - | new | NEW | ||
| ALPHABET INC | GOOG | $35.3M | 100,000 | - | new | NEW | |
| TERADYNE INC | TER | $34.8M | 72,000 | -0.97pp | 2q | -68.0%-$74.0M | |
| AVIS BUDGET GROUP INC | CAR | $34.7M | 235,000 | - | new | NEW | |
| FORTINET INC | FTNT | $33.6M | 219,000 | - | new | NEW | |
| HYPERLIQUID STRATEGIES INC | PURR | $31.5M | 4,000,000 | - | new | NEW | |
| GENERAL MTRS CO | GM | $30.8M | 400,000 | - | new | NEW | |
| XPO INC | XPO | $30.8M | 150,000 | - | new | NEW | |
| TERAWULF INC | WULF | $29.6M | 1,200,000 | - | new | NEW | |
| KEYSIGHT TECHNOLOGIES INC | KEYS | $29.4M | 84,000 | - | new | NEW | |
| ISHARES BITCOIN TRUST ETF | IBIT | $29.2M | 878,000 | -0.75pp | 4q | -36.6%-$16.9M | |
| PALANTIR TECHNOLOGIES INC | PLTR | $26.8M | 230,000 | - | new | NEW | |
| ISHARES TR | IDEV | $26.7M | 300,000 | - | new | NEW | |
| TTM TECHNOLOGIES INC | TTMI | $26.5M | 141,900 | +0.31pp | 3q | +115.3%+$14.2M | |
| NEUROCRINE BIOSCIENCES INC | NBIX | $26.1M | 155,000 | - | new | NEW | |
| INTUITIVE SURGICAL INC | ISRG | $25.8M | 65,000 | - | new | NEW | |
| ADOBE INC | ADBE | $21.5M | 105,000 | -0.39pp | 5q | -21.1%-$5.7M | |
| SUNOCOCORP LLC | SUNC | $18.6M | 275,000 | - | new | NEW | |
| NEKTAR THERAPEUTICS | NKTR | $18.3M | 261,500 | -0.13pp | 3q | HELD | |
| VEEVA SYS INC | VEEV | $16.9M | 95,000 | - | new | NEW | |
| TELEDYNE TECHNOLOGIES INC | TDY | $16.7M | 25,000 | - | new | NEW | |
| ATI INC | ATI | $15.8M | 80,000 | - | new | NEW | |
| EQUIFAX INC | EFX | $14.8M | 93,000 | - | new | NEW | |
| AMPRIUS TECHNOLOGIES INC | AMPX | $14.3M | 1,034,700 | - | new | NEW | |
| INSULET CORP | PODD | $13.7M | 90,000 | - | new | NEW | |
| KENVUE INC | KVUE | $13.7M | 715,800 | - | new | NEW | |
| QORVO INC | QRVO | $13.5M | 145,000 | - | new | NEW | |
| AMPLIFY ETF TR | SILJ | $13.4M | 515,900 | - | new | NEW | |
| API GROUP CORP | APG | $13.3M | 314,000 | - | new | NEW | |
| GLOBAL X FDS | URA | $13.1M | 300,000 | - | new | NEW | |
| ARCUTIS BIOTHERAPEUTICS INC | ARQT | $12.8M | 486,700 | -0.12pp | 3q | -19.9%-$3.2M | |
| TXNM ENERGY INC | TXNM | $12.7M | 223,100 | - | new | NEW | |
| TAKE-TWO INTERACTIVE SOFTWAR | TTWO | $12.5M | 50,000 | -0.84pp | 2q | -77.9%-$44.0M | |
| OKTA INC | OKTA | $12.3M | 90,000 | - | new | NEW | |
| FIVE BELOW INC | FIVE | $11.7M | 65,000 | - | new | NEW | |
| CORECIVIC INC | CXW | $10.6M | 350,000 | - | new | NEW | |
| SILICON LABORATORIES INC | SLAB | $10.4M | 47,500 | - | new | NEW | |
| MIAMI INTL HLDGS INC | MIAX | $10.4M | 279,000 | - | new | NEW | |
| GEO GROUP INC | GEO | $10.3M | 350,000 | - | new | NEW | |
| THE TRADE DESK INC | TTD | $9.6M | 532,000 | - | new | NEW | |
| SERVICENOW INC | NOW | $9.4M | 95,000 | -0.07pp | 6q | HELD | |
| PLANET FITNESS MASTER ISSUER | PLNT | $7.8M | 150,000 | - | new | NEW | |
| AMYLYX PHARMACEUTICALS INC | AMLX | $7.6M | 425,000 | - | new | NEW | |
| KANZHUN LIMITED | BZ | $6.9M | 538,300 | -0.05pp | 4q | HELD | |
| CORE SCIENTIFIC INC NEW | CORZ | $6.8M | 265,700 | - | new | NEW | |
| TAL ED GROUP | TAL | $6.7M | 700,000 | -0.07pp | 4q | HELD | |
| LIBERTY ENERGY INC | LBRT | $6.5M | 250,000 | - | new | NEW | |
| RBC BEARINGS INC | RBC | $6.5M | 10,040 | - | new | NEW | |
| CEMEX SA EURO MTN BE 144A | CX | $6.2M | 519,900 | -0.21pp | 4q | -56.3%-$8.0M | |
| AVEPOINT INC | AVPT | $5.6M | 500,000 | - | new | NEW | |
| SIX FLAGS ENTERTAINMENT CORP | FUN | $4.1M | 194,000 | -0.01pp | 4q | HELD | |
| J P MORGAN EXCHANGE TRADED F | JEMA | $1.8M | 28,000 | - | new | NEW | |
| CELCUITY INC | CELC | $104.6K | 1,000 | -1.27pp | 3q | -99.8%-$49.4M |
By sector
Industry comes from the SIC code on each company's own SEC filings, which is self-reported and sometimes out of date. Derivative exposure is counted with the shares. Securities the SEC assigns no industry - funds, trusts, foreign issues - are shown as not classified rather than dropped.
| Sector | Value | Share |
|---|---|---|
| Software & IT Services | $787.2M | 13.6% |
| Semiconductors & Electronics | $594.6M | 10.3% |
| Biotech & Pharma | $510.6M | 8.8% |
| Computer Hardware | $464.7M | 8.0% |
| Retail & Consumer | $382.9M | 6.6% |
| Banks & Lending | $334.2M | 5.8% |
| Transport & Logistics | $325.2M | 5.6% |
| Business Services | $272.2M | 4.7% |
| Autos & Aerospace | $245.0M | 4.2% |
| Medical Devices | $168.9M | 2.9% |
| Capital Markets | $110.7M | 1.9% |
| Instruments & Controls | $101.3M | 1.7% |
| Other sectors | $284.2M | 4.9% |
| Not classified | $1.2B | 21.0% |
Quarter by quarter
| Quarter | Value | Positions | New | Added | Trimmed | Exited | Top 10 | Days to file |
|---|---|---|---|---|---|---|---|---|
| Q2 2026 | $5.8B | 100 | 64 | 15 | 15 | 46 | 40.1% | 45 |
| Q1 2026 | $4.2B | 82 | 42 | 8 | 25 | 64 | 40.8% | 45 |
| Q4 2025 | $5.8B | 104 | 38 | 22 | 18 | 78 | 46.8% | 48 |
| Q3 2025 | $7.5B | 144 | 59 | 20 | 28 | 18 | 48.9% | 44 |
| Q2 2025 | $6.3B | 103 | 35 | 30 | 23 | 21 | 57.2% | 44 |
| Q1 2025 | $3.5B | 89 | 22 | 11 | 22 | 11 | 51.1% | 45 |
| Q4 2024 | $3.5B | 78 | 0 | 0 | 0 | 0 | 54.7% | 45 |
Rows marked UNVERIFIED ID, PLACEHOLDER ID, TICKER AS ID or NON-CUSIP ID carry an identifier that is not a valid CUSIP. They are shown because the filer reported that money, but treat the security named with caution - hover the chip for what is wrong with it, and see the methodology.
Held counts consecutive filings in which this manager reported the position, and can reach further back than the quarters listed above: the tabs begin at Q4 2018 because earlier coverage is too sparse to describe a market, but tenure is counted over every filing we hold, some reaching to 2007. A position sold and later rebought starts again from one.
Weight change is the shift in this position's share of the whole book, in percentage points. It is the more useful column: when money flows into or out of a broad fund, almost every holding is bought or sold at once, so added and trimmed largely track flows. A weight that rose while the book shrank is a decision. Both compare with the previous quarter this filer reported, not the previous calendar quarter.