Watershed Asset Management, L.L.C.

CIK

1315926

Location

San Francisco, CA

Portfolio Value

Micro $80,446,839

Diversification

Diversified

Filing Date

Global Rank

#6,139 / 8,622 ▲ 87 · as of Mar 2026

Top Industry

Semiconductor Equipment & Materials 10.3%

3Y Alpha vs SPY

+1.1%

Period ended 4 months ago

Filed May 6, 2026 · 3mo

11 quarters · since Dec 2021

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of buying every stock this filer reported holding, rebalancing on each filing and indexed to the same start. Option positions cannot be bought this way and are left out.

Cloned portfolio

+76.7%

SPY

+67.9%

Annualised alpha

+2.0%

Max drawdown

−19.5%

Estimate. 13F holdings are quarter-lagged, so the clone rebalances about 45 days after each period end — when the filing becomes public — and it excludes option and short positions. It tracks 100% of reported value on average across 6 quarters. Past performance does not predict future results.

Portfolio Concentration

113 tracked positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

5.3%

−1.3 pts

Top 5

20.7%

−3.1 pts

Top 10

36.3%

−4.2 pts

HHI

187

Diversified−31

Portfolio Trend

11 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Technology	38.5%	$30,982,088	44
Financial Services	17.2%	$13,800,114	17
Healthcare	13.9%	$11,173,641	13
Consumer Cyclical	13.5%	$10,882,955	14
Communication Services	8.1%	$6,510,447	9
Industrials	3.7%	$2,966,824	6
Consumer Defensive	3.7%	$2,949,751	7
Utilities	1.0%	$783,757	2
Energy	0.5%	$397,262	1

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
WRBY	Warby Parker Inc.	+26,500	70,500	$1,485,435
EVER	EverQuote, Inc.	+11,112	28,241	$435,476
GTLB	Gitlab Inc.	+10,000	64,000	$1,384,960
TASK	TaskUs, Inc.	+7,589	46,422	$311,491
AMAT	Applied Materials Inc /De	+6,838	8,500	$2,905,215
GEN	Gen Digital Inc.	+5,558	22,620	$425,934
PRGS	Progress Software Corp /Ma	+4,534	15,335	$393,342
HPQ	Hp Inc	+4,078	23,328	$448,130
COLL	Collegium Pharmaceutical, Inc	+3,955	13,578	$449,024
TILE	Interface Inc	+2,949	18,828	$469,193
PYPL	PayPal Holdings, Inc.	+2,295	9,595	$433,981
BANC	Banc Of California, Inc.	+2,259	24,355	$428,160
FIS	Fidelity National Information Services, Inc.	+2,097	8,810	$413,277
CTSH	Cognizant Technology Solutions Corp	+2,072	7,362	$451,658
KFY	Korn Ferry	+1,914	8,143	$512,601
META	Meta Platforms, Inc.	+1,640	5,087	$2,910,425
TMO	Thermo Fisher Scientific Inc.	+1,600	7,000	$3,440,710
MTCH	Match Group, Inc.	+1,418	14,739	$452,634
IIIN	Insteel Industries Inc	+1,389	14,890	$500,452
CNOB	ConnectOne Bancorp, Inc.	+1,265	16,379	$438,465
ZM	Zoom Communications, Inc.	+827	6,019	$483,867
BYD	Boyd Gaming Corp	+820	5,586	$459,057
SKYW	Skywest Inc	+777	5,142	$472,189
PB	Prosperity Bancshares Inc	+678	6,644	$446,343
PLUS	Eplus Inc	+513	5,784	$435,246
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
LOCO	El Pollo Loco Holdings, Inc.	−17,656	29,441	$408,052
VMD	Viemed Healthcare, Inc.	−14,936	47,717	$439,473
PRDO	PERDOCEO EDUCATION Corp	−5,501	11,662	$433,943
ACEL	Accel Entertainment, Inc.	−4,489	38,046	$415,081
INVA	Innoviva, Inc.	−2,757	20,366	$474,527
CON	Concentra Group Holdings Parent, Inc.	−2,533	20,052	$430,115
AVT	Avnet Inc	−2,211	7,015	$432,264
DIOD	Diodes Inc /Del/	−1,834	6,717	$458,502
PHIN	Phinia Inc.	−1,817	6,486	$443,901
LITE	Lumentum Holdings Inc.	−1,800	2,200	$1,546,072
VZ	Verizon Communications Inc	−1,610	9,292	$466,458
V	Visa Inc.	−1,450	14,050	$4,246,472
AMKR	Amkor Technology, Inc.	−1,336	10,066	$453,271
AKAM	Akamai Technologies Inc	−1,327	4,101	$470,999
VLY	Valley National Bancorp	−1,285	33,334	$409,341
ARW	Arrow Electronics, Inc.	−1,077	3,006	$431,090
MKSI	Mks Inc	−1,075	1,827	$419,862
DBD	DIEBOLD NIXDORF, Inc	−799	5,736	$432,723
JBSS	Sanfilippo John B & Son Inc	−753	5,387	$427,350
PLXS	Plexus Corp	−710	2,131	$431,612
ZUMZ	Zumiez Inc	−663	18,054	$400,076
MU	Micron Technology Inc	−573	1,086	$366,894
DELL	Dell Technologies Inc.	−517	3,047	$500,104
CFFN	Capitol Federal Financial, Inc.	−450	58,965	$420,420
CRUS	Cirrus Logic, Inc.	−436	3,366	$486,790
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
MCO	Moodys Corp /De/	7,000	$3,053,750
AMZN	Amazon Com Inc	14,600	$3,040,742
TER	Teradyne, Inc	8,900	$2,638,494
KLAC	Kla Corp	1,560	$2,296,959
INTC	Intel Corp	45,600	$2,012,328
NVDA	Nvidia Corp	10,900	$1,900,960
DHR	Danaher Corp /De/	9,400	$1,782,240
MAN	ManpowerGroup Inc.	17,458	$514,312
HUM	Humana Inc	2,735	$474,221
EBF	Ennis, Inc.	22,020	$471,668
INGM	Ingram Micro Holding Corp	20,184	$470,489
GTM	ZoomInfo Technologies Inc.	77,728	$464,813
ADBE	Adobe Inc.	1,907	$463,553
PGY	Pagaya Technologies Ltd.	39,762	$463,227
PGC	Peapack Gladstone Financial Corp	13,154	$463,152
DVA	Davita Inc.	3,003	$461,531
NWSA	News Corp	18,478	$460,656
WEX	WEX Inc.	2,967	$454,069
ASO	Academy Sports & Outdoors, Inc.	8,024	$452,954
IBEX	IBEX Ltd	16,877	$452,641
BKE	Buckle Inc	8,970	$451,729
FSLR	First Solar, Inc.	2,280	$449,752
CARG	CarGurus, Inc.	13,191	$449,153
VITL	Vital Farms, Inc.	31,778	$448,705
IDT	Idt Corp	9,112	$447,399
No positions match the current search.

Sold Out

Positions the filer fully exited

25 positions

Ticker	Company	Shares	Value
MSFT	Microsoft Corp	9,300	$4,497,666
BROS	Dutch Bros Inc.	57,200	$3,501,784
SPGI	S&P Global Inc.	6,200	$3,240,057
MNDY	monday.com Ltd.	20,750	$3,061,870
WDC	Western Digital Corp	17,400	$2,997,498
SE	Sea Ltd	19,480	$2,485,063
RYN	Rayonier Inc	84,135	$1,821,522
CAKE	Cheesecake Factory Inc	9,944	$501,973
SIG	Signet Jewelers Ltd	5,839	$483,936
TNL	Travel & Leisure Co.	6,585	$464,440
CPRX	Catalyst Pharmaceuticals, Inc.	19,712	$460,078
SEB	Seaboard Corp /De/	102	$453,371
ZD	Ziff Davis, Inc.	12,883	$452,837
HNI	Hni Corp	10,736	$451,341
KR	Kroger Co	7,202	$449,980
FOXA	Fox Corp	6,148	$449,234
CXT	Crane NXT, Co.	9,471	$445,799
YELP	Yelp Inc	14,630	$444,605
MRK	Merck & Co., Inc.	4,214	$443,565
VRSN	Verisign Inc/Ca	1,819	$441,926
DIS	Walt Disney Co	3,880	$441,427
OMC	Omnicom Group Inc.	5,460	$440,895
DG	Dollar General Corp	3,308	$439,203
PENG	Penguin Solutions, Inc.	22,415	$438,437
C	Citigroup Inc	3,744	$436,887
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

113 tracked positions · $80,446,839 total · filing declares 118 positions · $96,497,563 · as of Mar 31, 2026

All sectors Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Technology Utilities

Showing 1–50 of 113 positions by value · page 1 of 3

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
V	Visa Inc. Financial Services	Reduced	14,050	-1,450	$4,246,472	−21.9%	5.28%
TMO	Thermo Fisher Scientific Inc. Healthcare	Added	7,000	+1,600	$3,440,710	+10.0%	4.28%
MCO	Moodys Corp /De/ Financial Services	NEW	7,000	NEW	$3,053,750	NEW	3.80%
AMZN	Amazon Com Inc Consumer Cyclical	NEW	14,600	NEW	$3,040,742	NEW	3.78%
META	Meta Platforms, Inc. Communication Services	Added	5,087	+1,640	$2,910,425	+27.9%	3.62%
AMAT	Applied Materials Inc /De Technology	Added	8,500	+6,838	$2,905,215	+580.2%	3.61%
TER	Teradyne, Inc Technology	NEW	8,900	NEW	$2,638,494	NEW	3.28%
MELI	Mercadolibre Inc Consumer Cyclical	Held	1,515	0	$2,619,465	−14.2%	3.26%
KLAC	Kla Corp Technology	NEW	1,560	NEW	$2,296,959	NEW	2.86%
INTC	Intel Corp Technology	NEW	45,600	NEW	$2,012,328	NEW	2.50%
NVDA	Nvidia Corp Technology	NEW	10,900	NEW	$1,900,960	NEW	2.36%
DHR	Danaher Corp /De/ Healthcare	NEW	9,400	NEW	$1,782,240	NEW	2.22%
LITE	Lumentum Holdings Inc. Technology	Reduced	2,200	-1,800	$1,546,072	+4.9%	1.92%
WRBY	Warby Parker Inc. Healthcare	Added	70,500	+26,500	$1,485,435	+54.9%	1.85%
GTLB	Gitlab Inc. Technology	Added	64,000	+10,000	$1,384,960	−31.7%	1.72%
MAN	ManpowerGroup Inc. Industrials	NEW	17,458	NEW	$514,312	NEW	0.64%
KFY	Korn Ferry Industrials	Added	8,143	+1,914	$512,601	+24.6%	0.64%
IIIN	Insteel Industries Inc Industrials	Added	14,890	+1,389	$500,452	+17.0%	0.62%
DELL	Dell Technologies Inc. Technology	Reduced	3,047	-517	$500,104	+11.5%	0.62%
R	Ryder System Inc Industrials	Held	2,421	0	$495,602	+7.0%	0.62%
CRUS	Cirrus Logic, Inc. Technology	Reduced	3,366	-436	$486,790	+8.0%	0.61%
ZM	Zoom Communications, Inc. Technology	Added	6,019	+827	$483,867	+8.0%	0.60%
T	At&T Inc. Communication Services	Held	16,472	0	$477,523	+16.7%	0.59%
INVA	Innoviva, Inc. Healthcare	Reduced	20,366	-2,757	$474,527	+2.7%	0.59%
HUM	Humana Inc Healthcare	NEW	2,735	NEW	$474,221	NEW	0.59%
SKYW	Skywest Inc Industrials	Added	5,142	+777	$472,189	+7.7%	0.59%
EBF	Ennis, Inc. Industrials	NEW	22,020	NEW	$471,668	NEW	0.59%
AKAM	Akamai Technologies Inc Technology	Reduced	4,101	-1,327	$470,999	−0.5%	0.59%
INGM	Ingram Micro Holding Corp Technology	NEW	20,184	NEW	$470,489	NEW	0.58%
TILE	Interface Inc Consumer Cyclical	Added	18,828	+2,949	$469,193	+5.8%	0.58%
VZ	Verizon Communications Inc Communication Services	Reduced	9,292	-1,610	$466,458	+5.0%	0.58%
GTM	ZoomInfo Technologies Inc. Technology	NEW	77,728	NEW	$464,813	NEW	0.58%
ADBE	Adobe Inc. Technology	NEW	1,907	NEW	$463,553	NEW	0.58%
PGY	Pagaya Technologies Ltd. Technology	NEW	39,762	NEW	$463,227	NEW	0.58%
PGC	Peapack Gladstone Financial Corp Financial Services	NEW	13,154	NEW	$463,152	NEW	0.58%
NTAP	NetApp, Inc. Technology	Added	4,518	+419	$462,598	+5.4%	0.58%
DVA	Davita Inc. Healthcare	NEW	3,003	NEW	$461,531	NEW	0.57%
NWSA	News Corp Communication Services	NEW	18,478	NEW	$460,656	NEW	0.57%
BYD	Boyd Gaming Corp Consumer Cyclical	Added	5,586	+820	$459,057	+13.0%	0.57%
DIOD	Diodes Inc /Del/ Technology	Reduced	6,717	-1,834	$458,502	+8.7%	0.57%
BBT	Beacon Financial Corp Financial Services	Held	15,229	0	$456,870	+13.8%	0.57%
WEX	WEX Inc. Technology	NEW	2,967	NEW	$454,069	NEW	0.56%
AMKR	Amkor Technology, Inc. Technology	Reduced	10,066	-1,336	$453,271	+0.7%	0.56%
ASO	Academy Sports & Outdoors, Inc. Consumer Cyclical	NEW	8,024	NEW	$452,954	NEW	0.56%
IBEX	IBEX Ltd Technology	NEW	16,877	NEW	$452,641	NEW	0.56%
MTCH	Match Group, Inc. Communication Services	Added	14,739	+1,418	$452,634	+5.2%	0.56%
BKE	Buckle Inc Consumer Cyclical	NEW	8,970	NEW	$451,729	NEW	0.56%
CTSH	Cognizant Technology Solutions Corp Technology	Added	7,362	+2,072	$451,658	+2.9%	0.56%
FSLR	First Solar, Inc. Technology	NEW	2,280	NEW	$449,752	NEW	0.56%
CARG	CarGurus, Inc. Consumer Cyclical	NEW	13,191	NEW	$449,153	NEW	0.56%

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.