Watershed Asset Management, L.L.C.
CIK
1315926
Location
San Francisco, CA
Portfolio Value
Small
$111,796,361
Diversification
Diversified
Filing Date
Global Rank
#8,183
/ 8,827
▲ 45
Top Industry
Internet Retail
9.6%
Period ended 4 months ago
Filed Aug 14, 2026 · 3mo
12 quarters · since Dec 2021
Regulatory profile
From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.
Holder type
Unknown
Portfolio style
Measured from the filed 13F common-share book for Jun 30, 2026, never from the firm's own description.
Style
Diversified active
Top 10 weight 36.6%, 49.8 effective positions, active share 86.8% against the Nasdaq-100 as of 2026-06-30; it meets none of the index-like, systematic-like or concentrated tests
Turnover
Turnover unknown
It needs four straight quarters of measured turnover
Horizon
Short horizon
Value-weighted holding period 2.3 quarters (under 4)
Closest benchmark: the Nasdaq-100 as of 2026-06-30, active share 86.8%; sector active share 18.0% against the combined 13F book's sector weights.
Over time 12 measured quarters
How the bands are measured
Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.
Clone Performance
Build a hypothetical price-return history from this filer's public 13F holdings.
View clone backtestPortfolio Concentration
116 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026Top Position
4.8%
−1.1 pts
Top 5
21.4%
+0.2 pts
Top 10
36.6%
+0.8 pts
HHI
201
Diversified+4
Portfolio Trend
12 quarters · across all stocks
Sector Breakdown
As of Jun 30, 2026| Sector | % Portfolio | Value |
|---|---|---|
| Technology | 31.8% | $35,566,361 |
| Financial Services | 17.2% | $19,231,913 |
| Consumer Cyclical | 12.9% | $14,416,277 |
| Healthcare | 12.5% | $13,999,299 |
| Unclassified | 10.5% | $11,780,316 |
| Communication Services | 7.7% | $8,597,314 |
| Industrials | 3.8% | $4,246,395 |
| Consumer Defensive | 2.5% | $2,803,846 |
| Utilities | 0.7% | $793,915 |
| Energy | 0.3% | $360,725 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased
25 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| TAN | Invesco Ltd. | +18,000 | 54,000 | $3,194,100 | |
| NATR | Natures Sunshine Products Inc | +6,100 | 22,376 | $487,796 | |
| KLAC | Kla Corp | +5,840 | 7,400 | $2,232,654 | |
| VNT | Vontier Corp | +5,685 | 18,020 | $522,580 | |
| AMZN | Amazon Com Inc | +4,200 | 18,800 | $4,480,792 | |
| CARG | CarGurus, Inc. | +3,495 | 16,686 | $568,825 | |
| EBF | Ennis, Inc. | +3,000 | 25,020 | $531,675 | |
| DOX | Amdocs Ltd | +2,380 | 9,183 | $464,108 | |
| MCO | Moodys Corp | +2,250 | 9,250 | $4,189,510 | |
| TMO | Thermo Fisher Scientific Inc. | +2,150 | 9,150 | $4,587,444 | |
| VMD | Viemed Healthcare, Inc. | +1,770 | 49,487 | $564,151 | |
| VZ | Verizon Communications Inc | +1,625 | 10,917 | $462,225 | |
| V | Visa Inc. | +1,550 | 15,600 | $5,352,204 | |
| PRDO | PERDOCEO EDUCATION Corp | +1,425 | 13,087 | $418,784 | |
| COLL | Collegium Pharmaceutical, Inc | +1,392 | 14,970 | $541,914 | |
| META | Meta Platforms, Inc. | +1,300 | 6,387 | $3,597,733 | |
| EEFT | Euronet Worldwide, Inc. | +1,229 | 7,950 | $581,860 | |
| NGVC | Natural Grocers by Vitamin Cottage, Inc. | +1,223 | 16,303 | $505,719 | |
| IBEX | IBEX Ltd | +1,140 | 18,017 | $547,176 | |
| BBT | Beacon Financial Corp | +1,090 | 16,319 | $496,913 | |
| WEX | WEX Inc. | +1,076 | 4,043 | $570,426 | |
| UHS | Universal Health Services Inc | +1,053 | 3,448 | $512,683 | |
| PLUS | Eplus Inc | +915 | 6,699 | $557,557 | |
| BDC | Belden Inc. | +861 | 4,559 | $546,669 | |
| ADBE | Adobe Inc. | +852 | 2,759 | $565,650 | |
| No positions match the current search. | |||||
Trimmed
Positions the filer reduced
25 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| VEU | Vanguard International Equity Index Funds | −12,648 | 63,091 | $5,283,871 | |
| EVER | EverQuote, Inc. | −7,925 | 20,316 | $483,317 | |
| PGY | Pagaya Technologies Ltd. | −6,962 | 32,800 | $598,600 | |
| AMAT | Applied Materials Inc | −4,750 | 3,750 | $2,711,250 | |
| TER | Teradyne, Inc | −4,550 | 4,350 | $2,104,704 | |
| TILE | Interface Inc | −4,084 | 14,744 | $528,424 | |
| AMKR | Amkor Technology, Inc. | −3,350 | 6,716 | $579,120 | |
| CON | Concentra Group Holdings Parent, Inc. | −2,767 | 17,285 | $514,228 | |
| MAN | ManpowerGroup Inc. | −2,247 | 15,211 | $513,675 | |
| SIRI | Sirius Xm Holdings Inc. | −1,842 | 16,982 | $501,648 | |
| HPQ | Hp Inc | −1,625 | 21,703 | $476,163 | |
| CNOB | ConnectOne Bancorp, Inc. | −1,477 | 14,902 | $498,322 | |
| HVT | Haverty Furniture Companies Inc | −1,411 | 17,777 | $453,846 | |
| MTCH | Match Group, Inc. | −1,333 | 13,406 | $510,098 | |
| INGM | Ingram Micro Holding Corp | −1,304 | 18,880 | $517,878 | |
| GEN | Gen Digital Inc. | −1,202 | 21,418 | $533,094 | |
| PHIN | Phinia Inc. | −1,176 | 5,310 | $437,384 | |
| NTAP | NetApp, Inc. | −1,093 | 3,425 | $530,053 | |
| AVT | Avnet Inc | −1,021 | 5,994 | $532,387 | |
| ES | Eversource Energy | −940 | 4,907 | $354,628 | |
| LOCO | El Pollo Loco Holdings, Inc. | −843 | 28,598 | $485,022 | |
| KFY | Korn Ferry | −833 | 7,310 | $486,699 | |
| SNX | Td Synnex Corp | −697 | 1,943 | $519,441 | |
| ARW | Arrow Electronics, Inc. | −626 | 2,380 | $507,915 | |
| MHK | Mohawk Industries Inc | −613 | 3,697 | $448,557 | |
| No positions match the current search. | |||||
New Positions
Positions the filer opened this quarter
25 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| TSM | Taiwan Semiconductor Manufacturing Co Ltd | 7,400 | $3,534,018 | |
| SE | Sea Ltd | 28,300 | $2,711,989 | |
| RGEN | Repligen Corp | 18,800 | $2,565,072 | |
| DASH | DoorDash, Inc. | 13,100 | $2,417,343 | |
| ADI | Analog Devices Inc | 6,000 | $2,383,020 | |
| SHOP | Shopify Inc. | 20,100 | $2,295,018 | |
| CXT | Crane NXT, Co. | 12,218 | $625,072 | |
| QLYS | Qualys, Inc. | 4,366 | $600,281 | |
| NSIT | Insight Enterprises Inc | 4,899 | $596,698 | |
| RNG | RingCentral, Inc. | 15,297 | $596,277 | |
| CCSI | Consensus Cloud Solutions, Inc. | 15,592 | $594,834 | |
| GDDY | GoDaddy Inc. | 6,848 | $581,258 | |
| FIVN | Five9, Inc. | 27,171 | $579,285 | |
| BLKB | Blackbaud Inc | 19,392 | $574,391 | |
| PLAB | Photronics Inc | 17,320 | $563,419 | |
| CNXN | Pc Connection Inc | 7,680 | $560,563 | |
| CASS | Cass Information Systems Inc | 10,807 | $554,615 | |
| CRM | Salesforce, Inc. | 3,488 | $546,430 | |
| OSIS | Osi Systems Inc | 2,485 | $543,469 | |
| EPAM | EPAM Systems, Inc. | 6,794 | $539,103 | |
| CARS | Cars.com Inc. | 48,984 | $535,884 | |
| ANIP | Ani Pharmaceuticals Inc | 6,275 | $519,444 | |
| PAYC | Paycom Software, Inc. | 4,067 | $511,140 | |
| WMK | Weis Markets Inc | 6,523 | $510,816 | |
| DLX | Deluxe Corp | 19,341 | $461,863 | |
| No positions match the current search. | ||||
Sold Out
Positions the filer fully exited
25 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| MELI | Mercadolibre Inc | 1,515 | $2,619,465 | |
| INTC | Intel Corp | 45,600 | $2,012,328 | |
| QQQE | Direxion NASDAQ-100 Equal Weighted Index Shares | 20,200 | $1,990,306 | |
| NVDA | Nvidia Corp | 10,900 | $1,900,960 | |
| DHR | Danaher Corp | 9,400 | $1,782,240 | |
| LITE | Lumentum Holdings Inc. | 2,200 | $1,546,072 | |
| GTLB | Gitlab Inc. | 64,000 | $1,384,960 | |
| IIIN | Insteel Industries Inc | 14,890 | $500,452 | |
| DELL | Dell Technologies Inc. | 3,047 | $500,104 | |
| T | At&T Inc. | 16,472 | $477,523 | |
| HUM | Humana Inc | 2,735 | $474,221 | |
| AKAM | Akamai Technologies Inc | 4,101 | $470,999 | |
| GTM | ZoomInfo Technologies Inc. | 77,728 | $464,813 | |
| PGC | Peapack Gladstone Financial Corp | 13,154 | $463,152 | |
| DIOD | Diodes Inc | 6,717 | $458,502 | |
| CTSH | Cognizant Technology Solutions Corp | 7,362 | $451,658 | |
| VITL | Vital Farms, Inc. | 31,778 | $448,705 | |
| RIGL | Rigel Pharmaceuticals Inc | 16,385 | $443,050 | |
| FLEX | Flex Ltd. | 6,691 | $437,992 | |
| PYPL | PayPal Holdings, Inc. | 9,595 | $433,981 | |
| PLXS | Plexus Corp | 2,131 | $431,612 | |
| JBSS | Sanfilippo John B & Son Inc | 5,387 | $427,350 | |
| MKSI | Mks Inc | 1,827 | $419,862 | |
| FIS | Fidelity National Information Services, Inc. | 8,810 | $413,277 | |
| QCOM | Qualcomm Inc | 3,161 | $407,073 | |
| No positions match the current search. | ||||
116 tracked positions ·
$111,796,361 total
· filing declares
116 positions · $111,796,406
· as of Jun 30, 2026
All sectors
Communication Services
Consumer Cyclical
Consumer Defensive
Energy
Financial Services
Healthcare
Industrials
Technology
Utilities
Showing 1–50
of 116 positions by value
· page 1 of 3
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| V |
Visa Inc.
Financial Services
|
Added | 15,600 | $5,352,204 | 4.79% | |
| VEU |
Vanguard International Equity Index Funds
|
Reduced | 63,091 | $5,283,871 | 4.73% | |
| TMO |
Thermo Fisher Scientific Inc.
Healthcare
|
Added | 9,150 | $4,587,444 | 4.10% | |
| AMZN |
Amazon Com Inc
Consumer Cyclical
|
Added | 18,800 | $4,480,792 | 4.01% | |
| MCO |
Moodys Corp
Financial Services
|
Added | 9,250 | $4,189,510 | 3.75% | |
| EWW |
iShares MSCI Mexico ETF
|
Held | 53,500 | $4,026,945 | 3.60% | |
| META |
Meta Platforms, Inc.
Communication Services
|
Added | 6,387 | $3,597,733 | 3.22% | |
| TSM |
Taiwan Semiconductor Manufacturing Co Ltd
Technology
|
NEW | 7,400 | $3,534,018 | 3.16% | |
| TAN |
Invesco Ltd.
Financial Services
|
Added | 54,000 | $3,194,100 | 2.86% | |
| SE |
Sea Ltd
Consumer Cyclical
|
NEW | 28,300 | $2,711,989 | 2.43% | |
| AMAT |
Applied Materials Inc
Technology
|
Reduced | 3,750 | $2,711,250 | 2.43% | |
| RGEN |
Repligen Corp
Healthcare
|
NEW | 18,800 | $2,565,072 | 2.29% | |
| INDA |
iShares MSCI India ETF
|
Held | 50,000 | $2,469,500 | 2.21% | |
| DASH |
DoorDash, Inc.
Consumer Cyclical
|
NEW | 13,100 | $2,417,343 | 2.16% | |
| ADI |
Analog Devices Inc
Technology
|
NEW | 6,000 | $2,383,020 | 2.13% | |
| SHOP |
Shopify Inc.
Technology
|
NEW | 20,100 | $2,295,018 | 2.05% | |
| KLAC |
Kla Corp
Technology
|
Added | 7,400 | $2,232,654 | 2.00% | |
| WRBY |
Warby Parker Inc.
Healthcare
|
Held | 70,500 | $2,138,970 | 1.91% | |
| TER |
Teradyne, Inc
Technology
|
Reduced | 4,350 | $2,104,704 | 1.88% | |
| CXT |
Crane NXT, Co.
Industrials
|
NEW | 12,218 | $625,072 | 0.56% | |
| QLYS |
Qualys, Inc.
Technology
|
NEW | 4,366 | $600,281 | 0.54% | |
| PGY |
Pagaya Technologies Ltd.
Technology
|
Reduced | 32,800 | $598,600 | 0.54% | |
| NSIT |
Insight Enterprises Inc
Technology
|
NEW | 4,899 | $596,698 | 0.53% | |
| RNG |
RingCentral, Inc.
Technology
|
NEW | 15,297 | $596,277 | 0.53% | |
| CCSI |
Consensus Cloud Solutions, Inc.
Technology
|
NEW | 15,592 | $594,834 | 0.53% | |
| CDW |
CDW Corp
Technology
|
Added | 4,160 | $585,062 | 0.52% | |
| EEFT |
Euronet Worldwide, Inc.
Technology
|
Added | 7,950 | $581,860 | 0.52% | |
| GDDY |
GoDaddy Inc.
Technology
|
NEW | 6,848 | $581,258 | 0.52% | |
| FIVN |
Five9, Inc.
Technology
|
NEW | 27,171 | $579,285 | 0.52% | |
| AMKR |
Amkor Technology, Inc.
Technology
|
Reduced | 6,716 | $579,120 | 0.52% | |
| DVA |
Davita Inc.
Healthcare
|
Reduced | 2,590 | $576,223 | 0.52% | |
| BLKB |
Blackbaud Inc
Technology
|
NEW | 19,392 | $574,391 | 0.51% | |
| WEX |
WEX Inc.
Technology
|
Added | 4,043 | $570,426 | 0.51% | |
| CARG |
CarGurus, Inc.
Communication Services
|
Added | 16,686 | $568,825 | 0.51% | |
| ADBE |
Adobe Inc.
Technology
|
Added | 2,759 | $565,650 | 0.51% | |
| JBL |
Jabil Inc
Technology
|
Reduced | 1,464 | $564,342 | 0.50% | |
| VMD |
Viemed Healthcare, Inc.
Healthcare
|
Added | 49,487 | $564,151 | 0.50% | |
| PLAB |
Photronics Inc
Technology
|
NEW | 17,320 | $563,419 | 0.50% | |
| CNXN |
Pc Connection Inc
Technology
|
NEW | 7,680 | $560,563 | 0.50% | |
| DBD |
DIEBOLD NIXDORF, Inc
Technology
|
Added | 6,572 | $558,751 | 0.50% | |
| PLUS |
Eplus Inc
Technology
|
Added | 6,699 | $557,557 | 0.50% | |
| KRNY |
Kearny Financial Corp.
Financial Services
|
Held | 58,916 | $557,345 | 0.50% | |
| CASS |
Cass Information Systems Inc
Industrials
|
NEW | 10,807 | $554,615 | 0.50% | |
| CPAY |
Corpay, Inc.
Technology
|
Added | 1,660 | $553,228 | 0.49% | |
| IBEX |
IBEX Ltd
Technology
|
Added | 18,017 | $547,176 | 0.49% | |
| BDC |
Belden Inc.
Technology
|
Added | 4,559 | $546,669 | 0.49% | |
| CRM |
Salesforce, Inc.
Technology
|
NEW | 3,488 | $546,430 | 0.49% | |
| SKYW |
Skywest Inc
Industrials
|
Added | 5,492 | $545,520 | 0.49% | |
| OSIS |
Osi Systems Inc
Technology
|
NEW | 2,485 | $543,469 | 0.49% | |
| COLL |
Collegium Pharmaceutical, Inc
Healthcare
|
Added | 14,970 | $541,914 | 0.48% |
Showing the top 50 of 116 positions. Create a free account to see every position, past quarters, search, filters and CSV export.
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.