Nearwater Capital Markets, Ltd

CIK

1915842

Location

NEW YORK, NY

Portfolio Value

Mid $2,979,994,892

Diversification

Diversified

Filing Date

Global Rank

#933 / 8,588 ▼ 236

Top Industry

Semiconductors 11.7%

3Y Alpha vs SPY

+7.2%

Period ended 3 months ago

Filed May 15, 2026 · 33d

6 quarters · since Dec 2024

Clone Performance

Feb 2025–Jun 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+36.7%

SPY

+24.9%

Annualised alpha

+8.3%

Max drawdown

−21.0%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

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

Top Position

8.6%

+0.3 pts

Top 5

29.6%

−4.3 pts

Top 10

44.9%

−6.5 pts

HHI

326

Diversified−31

Portfolio Trend

6 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Technology	37.3%	$1,111,845,095	18
Healthcare	18.8%	$558,860,285	13
Consumer Cyclical	9.1%	$272,347,088	7
Financial Services	8.3%	$247,284,295	8
Communication Services	8.1%	$241,053,267	5
Industrials	6.0%	$179,776,680	4
Energy	3.2%	$96,438,900	3
Consumer Defensive	3.0%	$90,078,400	3
Basic Materials	3.0%	$89,603,956	2
Unclassified	1.9%	$57,030,160	2
Real Estate	1.2%	$35,676,766	2

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

7 positions

Ticker	Company	Δ Shares	Shares	Value
TERN	Terns Pharmaceuticals, Inc.	+445,600	2,150,400	$113,369,088
AMZN	Amazon Com Inc	+365,000	640,000	$133,292,800
AAPL	Apple Inc.	+244,100	1,010,100	$256,353,279
NKTR	Nektar Therapeutics	+200,000	261,500	$18,814,925
SPHR	Sphere Entertainment Co.	+125,000	375,000	$44,025,000
BRK-B	Berkshire Hathaway Inc	+84,000	124,000	$59,420,800
ADBE	Adobe Inc.	+83,000	133,000	$32,329,640
No positions match the current search.

Trimmed

Positions the filer reduced

24 positions

Ticker	Company	Δ Shares	Shares	Value
FUN	Six Flags Entertainment Corporation/NEW	−1,561,500	194,000	$3,443,500
BAC	Bank Of America Corp /De/	−1,533,000	17,000	$828,750
GOOGL	Alphabet Inc.	−1,017,000	292,000	$83,967,520
GILD	Gilead Sciences, Inc.	−813,000	200,000	$27,874,000
LRCX	Lam Research Corp	−702,000	118,000	$25,211,880
MSFT	Microsoft Corp	−576,000	165,000	$61,078,050
AVGO	Broadcom Inc.	−503,000	301,000	$93,162,510
TTMI	Ttm Technologies Inc	−493,000	65,900	$6,419,978
SJM	J M SMUCKER Co	−480,000	200,000	$19,288,000
NVDA	Nvidia Corp	−434,000	1,428,000	$249,043,200
HTHT	H World Group Ltd	−400,800	28,000	$1,408,120
META	Meta Platforms, Inc.	−303,000	107,000	$61,217,910
ACMR	ACM Research, Inc.	−256,600	94,200	$3,706,770
NOW	ServiceNow, Inc.	−235,000	95,000	$9,932,250
INSM	INSMED Inc	−200,000	300,000	$49,056,000
MCD	Mcdonalds Corp	−121,000	109,000	$33,876,110
ANET	Arista Networks, Inc.	−100,000	319,000	$39,166,820
SNDK	Sandisk Corp	−65,400	206,000	$130,880,040
BZ	Kanzhun Ltd	−61,700	538,300	$7,207,837
CELC	Celcuity Inc.	−47,100	473,100	$53,999,634
WDAY	Workday, Inc.	−35,000	115,000	$14,940,800
REGN	Regeneron Pharmaceuticals, Inc.	−25,000	5,000	$3,863,200
ARQT	Arcutis Biotherapeutics, Inc.	−7,700	607,300	$14,307,988
IAU	Ishares Gold Trust	−700	43,400	$3,826,144
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
CAT	Caterpillar Inc	152,000	$107,685,920
JNJ	Johnson & Johnson	370,000	$90,442,800
WFC	Wells Fargo & Company/Mn	1,004,000	$79,928,440
NEM	NEWMONT Corp /DE/	702,000	$75,991,500
TER	Teradyne, Inc	225,000	$66,703,500
RVMD	Revolution Medicines, Inc.	678,000	$65,935,500
NCLH	Norwegian Cruise Line Holdings Ltd.	3,405,000	$63,673,500
PG	PROCTER & GAMBLE Co	435,000	$62,831,400
MA	Mastercard Inc	109,000	$54,462,940
CVX	Chevron Corp	251,000	$51,931,900
TTWO	Take Two Interactive Software Inc	226,000	$44,635,000
ABT	Abbott Laboratories	425,000	$43,634,750
AMAT	Applied Materials Inc /De	124,000	$42,381,960
LLY	ELI LILLY & Co	40,000	$36,790,800
HESM	Hess Midstream LP	900,000	$34,983,000
AMT	American Tower Corp /Ma/	190,000	$32,790,200
SNPS	Synopsys Inc	80,000	$31,718,400
WBS	Webster Financial Corp	412,000	$28,601,040
CMI	Cummins Inc	53,000	$28,515,060
ROST	Ross Stores, Inc.	130,000	$28,161,900
MSI	Motorola Solutions, Inc.	60,000	$26,038,200
UNH	Unitedhealth Group Inc	90,000	$24,353,100
GTLS	Chart Industries Inc	110,000	$22,742,500
RTX	RTX Corp	108,000	$20,833,200
OS	OneStream, Inc.	707,800	$16,987,200
No positions match the current search.

Sold Out

Positions the filer fully exited

25 positions

Ticker	Company	Shares	Value
MU	Micron Technology Inc	690,000	$196,932,900
WMT	Walmart Inc.	1,661,000	$185,052,010
TSLA	Tesla, Inc.	285,500	$128,395,060
MRVL	Marvell Technology, Inc.	1,495,000	$127,045,100
LUV	Southwest Airlines Co	2,800,000	$115,724,000
SCHW	Schwab Charles Corp	722,000	$72,135,020
COST	Costco Wholesale Corp /New	81,000	$69,849,540
TJX	Tjx Companies Inc /De/	440,000	$67,588,400
FISV	Fiserv Inc	995,000	$66,834,150
BKNG	Booking Holdings Inc.	12,000	$64,263,961
PEP	Pepsico Inc	270,000	$38,750,400
TMUS	T-Mobile US, Inc.	189,000	$38,374,560
UNP	Union Pacific Corp	161,000	$37,242,520
KVUE	Kenvue Inc.	1,990,000	$34,327,500
GE	General Electric Co	110,000	$33,883,300
NFLX	Netflix Inc	350,000	$32,816,000
LRN	Stride, Inc.	488,000	$31,685,840
PKG	Packaging Corp Of America	143,000	$29,490,890
DIS	Walt Disney Co	250,000	$28,442,500
HON	Honeywell International Inc	145,700	$28,424,613
GLDM	World Gold Trust	276,600	$23,613,342
KVYO	Klaviyo, Inc.	600,000	$19,482,000
H	Hyatt Hotels Corp	120,000	$19,238,400
COMP	Compass, Inc.	1,724,700	$18,230,079
KLAC	Kla Corp	14,000	$17,011,120
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

67 positions · $2,979,994,892 total · as of Mar 31, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology

Showing 1–50 of 67 positions by value · page 1 of 2

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
AAPL	Apple Inc. Technology	Added	1,010,100	+244,100	$256,353,279	+23.1%	8.60%
NVDA	Nvidia Corp Technology	Reduced	1,428,000	-434,000	$249,043,200	−28.3%	8.36%
AMZN	Amazon Com Inc Consumer Cyclical	Added	640,000	+365,000	$133,292,800	+110.0%	4.47%
SNDK	Sandisk Corp Technology	Reduced	206,000	-65,400	$130,880,040	+103.2%	4.39%
TERN	Terns Pharmaceuticals, Inc. Healthcare	Added	2,150,400	+445,600	$113,369,088	+64.6%	3.80%
CAT	Caterpillar Inc Industrials	NEW	152,000	NEW	$107,685,920	NEW	3.61%
AVGO	Broadcom Inc. Technology	Reduced	301,000	-503,000	$93,162,510	−66.5%	3.13%
JNJ	Johnson & Johnson Healthcare	NEW	370,000	NEW	$90,442,800	NEW	3.03%
GOOGL	Alphabet Inc. Communication Services	Reduced	292,000	-1,017,000	$83,967,520	−79.5%	2.82%
WFC	Wells Fargo & Company/Mn Financial Services	NEW	1,004,000	NEW	$79,928,440	NEW	2.68%
NEM	NEWMONT Corp /DE/ Basic Materials	NEW	702,000	NEW	$75,991,500	NEW	2.55%
TER	Teradyne, Inc Technology	NEW	225,000	NEW	$66,703,500	NEW	2.24%
RVMD	Revolution Medicines, Inc. Healthcare	NEW	678,000	NEW	$65,935,500	NEW	2.21%
NCLH	Norwegian Cruise Line Holdings Ltd. Consumer Cyclical	NEW	3,405,000	NEW	$63,673,500	NEW	2.14%
PG	PROCTER & GAMBLE Co Consumer Defensive	NEW	435,000	NEW	$62,831,400	NEW	2.11%
META	Meta Platforms, Inc. Communication Services	Reduced	107,000	-303,000	$61,217,910	−77.4%	2.05%
MSFT	Microsoft Corp Technology	Reduced	165,000	-576,000	$61,078,050	−83.0%	2.05%
BRK-B	Berkshire Hathaway Inc Financial Services	Added	124,000	+84,000	$59,420,800	+195.5%	1.99%
MA	Mastercard Inc Financial Services	NEW	109,000	NEW	$54,462,940	NEW	1.83%
CELC	Celcuity Inc. Healthcare	Reduced	473,100	-47,100	$53,999,634	+4.1%	1.81%
IBIT	iShares Bitcoin Trust ETF	Held	1,384,800	0	$53,204,016	−22.6%	1.79%
CVX	Chevron Corp Energy	NEW	251,000	NEW	$51,931,900	NEW	1.74%
INSM	INSMED Inc Healthcare	Reduced	300,000	-200,000	$49,056,000	−43.6%	1.65%
TTWO	Take Two Interactive Software Inc Communication Services	NEW	226,000	NEW	$44,635,000	NEW	1.50%
SPHR	Sphere Entertainment Co. Communication Services	Added	375,000	+125,000	$44,025,000	+85.2%	1.48%
ABT	Abbott Laboratories Healthcare	NEW	425,000	NEW	$43,634,750	NEW	1.46%
AMAT	Applied Materials Inc /De Technology	NEW	124,000	NEW	$42,381,960	NEW	1.42%
ANET	Arista Networks, Inc. Technology	Reduced	319,000	-100,000	$39,166,820	−28.7%	1.31%
LLY	ELI LILLY & Co Healthcare	NEW	40,000	NEW	$36,790,800	NEW	1.23%
HESM	Hess Midstream LP Energy	NEW	900,000	NEW	$34,983,000	NEW	1.17%
MCD	Mcdonalds Corp Consumer Cyclical	Reduced	109,000	-121,000	$33,876,110	−51.8%	1.14%
AMT	American Tower Corp /Ma/ Real Estate	NEW	190,000	NEW	$32,790,200	NEW	1.10%
ADBE	Adobe Inc. Technology	Added	133,000	+83,000	$32,329,640	+84.7%	1.08%
SNPS	Synopsys Inc Technology	NEW	80,000	NEW	$31,718,400	NEW	1.06%
WBS	Webster Financial Corp Financial Services	NEW	412,000	NEW	$28,601,040	NEW	0.96%
CMI	Cummins Inc Industrials	NEW	53,000	NEW	$28,515,060	NEW	0.96%
ROST	Ross Stores, Inc. Consumer Cyclical	NEW	130,000	NEW	$28,161,900	NEW	0.95%
GILD	Gilead Sciences, Inc. Healthcare	Reduced	200,000	-813,000	$27,874,000	−77.6%	0.94%
MSI	Motorola Solutions, Inc. Technology	NEW	60,000	NEW	$26,038,200	NEW	0.87%
LRCX	Lam Research Corp Technology	Reduced	118,000	-702,000	$25,211,880	−82.0%	0.85%
UNH	Unitedhealth Group Inc Healthcare	NEW	90,000	NEW	$24,353,100	NEW	0.82%
GTLS	Chart Industries Inc Industrials	NEW	110,000	NEW	$22,742,500	NEW	0.76%
RTX	RTX Corp Industrials	NEW	108,000	NEW	$20,833,200	NEW	0.70%
SJM	J M SMUCKER Co Consumer Defensive	Reduced	200,000	-480,000	$19,288,000	−71.0%	0.65%
NKTR	Nektar Therapeutics Healthcare	Added	261,500	+200,000	$18,814,925	+623.6%	0.63%
OS	OneStream, Inc. Technology	NEW	707,800	NEW	$16,987,200	NEW	0.57%
PEN	Penumbra Inc Healthcare	NEW	50,000	NEW	$16,418,500	NEW	0.55%
COF	Capital One Financial Corp Financial Services	NEW	88,500	NEW	$16,145,055	NEW	0.54%
WDAY	Workday, Inc. Technology	Reduced	115,000	-35,000	$14,940,800	−53.6%	0.50%
ARQT	Arcutis Biotherapeutics, Inc. Healthcare	Reduced	607,300	-7,700	$14,307,988	−19.9%	0.48%