WATERSHED PRIVATE WEALTH LLC

Registered adviser

CIK

1965271

Location

Oak Brook, IL

Portfolio Value

Small $355,065,177

Diversification

Moderately concentrated

Files via

Aperio Group, LLC

Filing Date

Global Rank

#4,753 / 8,819 ▼ 90

Top Industry

Semiconductors 30.1%

Period ended 4 months ago

Filed Jul 17, 2026 · 3mo

15 quarters · since Dec 2022

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Registered adviser

Form ADV roster, Oct 1, 2026

Form ADV adviser

CRD 316408

Roster of Oct 1, 2026

Regulatory AUM

$413,695,756

Main clients

Individuals and high net worth (100% of AUM)

Form ADV history

Monthly rosters from Dec 2019; each row is a run with the same figures, newest first.

Rosters	Regulatory AUM	Main clients
Mar 2026 to Oct 2026	$413,695,756	Individuals and high net worth (100%)
Mar 2025 to Feb 2026	$302,042,079	Individuals and high net worth (100%)
Apr 2024 to Feb 2025	$263,375,888	Individuals and high net worth (100%)
May 2023 to Mar 2024	$185,752,598	Individuals and high net worth (99%)
Apr 2023	$185,752,598	Individuals and high net worth (99%)
Feb 2022 to Mar 2023	$102,400,000	Individuals and high net worth (100%)

1 earlier changes not shown.

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2026, never from the firm's own description.

Style

Concentrated

The top 10 positions are 77.0% of the book (60%+)

Turnover

Low turnover

27.4% over the last four quarters (under 30%)

Horizon

Long horizon

Value-weighted holding period 12.5 quarters (12+)

Closest benchmark: every 13F filer's combined book, active share 74.6%; sector active share 65.2% against the combined 13F book's sector weights.

Over time 15 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 backtest

Portfolio Concentration

120 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

42.5%

+1.0 pts

Top 5

66.5%

+1.3 pts

Top 10

77.0%

+0.6 pts

HHI

2,025

Moderately concentrated+68

Portfolio Trend

15 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Unclassified	78.1%	$277,394,572	65
Technology	9.6%	$34,129,949	18
Financial Services	3.3%	$11,725,242	12
Communication Services	3.1%	$10,859,193	5
Consumer Cyclical	2.7%	$9,431,978	6
Industrials	2.2%	$7,874,003	6
Healthcare	0.5%	$1,927,980	6
Consumer Defensive	0.5%	$1,722,260	2

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
VUG	VANGUARD GROWTH INDEX FUND	+149,927	182,632	$15,731,920
DYNF	iShares U.S. Equity Factor Rotation Active ETF	+42,079	222,462	$15,129,640
AGG	iShares Core U.S. Aggregate Bond ETF	+38,283	203,469	$20,139,361
GOVT	iShares U.S. Treasury Bond ETF	+19,903	208,974	$4,760,427
ETHA	iShares Ethereum Trust ETF	+18,875	52,796	$627,744
EFG	iShares MSCI EAFE Growth ETF	+15,698	93,224	$11,598,930
SHLD	Global X Defense Tech ETF	+15,328	90,329	$5,393,544
IVV	iShares Core S&P 500 ETF	+14,817	90,706	$67,928,816
VO	VANGUARD MID-CAP INDEX FUND	+14,769	20,100	$1,619,457
IWF	iShares Russell 1000 Growth ETF	+10,844	14,497	$1,800,092
NVDA	Nvidia Corp	+7,803	101,671	$20,343,350
BNDX	Vanguard Total International Bond ETF	+7,152	87,628	$4,243,824
MUB	iShares National Muni Bond ETF	+3,093	41,773	$4,495,610
VTEB	VANGUARD TAX-EXEMPT BOND INDEX FUND	+3,075	85,950	$4,347,351
ORCL	Oracle Corp	+2,820	4,557	$667,828
TLH	iShares 10-20 Year Treasury Bond ETF	+2,392	42,775	$4,292,471
BINC		+2,294	47,473	$2,484,736
NFLX	Netflix Inc	+1,920	7,910	$564,774
IBIT	iShares Bitcoin Trust ETF	+1,400	28,102	$935,515
IXUS	iShares Core MSCI Total International Stock ETF	+789	7,157	$683,064
MBB	iShares MBS ETF	+552	23,020	$2,175,850
CRWV	CoreWeave, Inc.	+500	3,200	$318,528
COIN	Coinbase Global, Inc.	+400	2,499	$365,328
IEFA	iShares Core MSCI EAFE ETF	+329	13,794	$1,332,224
IEMG	iShares Trust	+318	18,921	$1,567,415
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
EFV	iShares MSCI EAFE Value ETF	−67,051	131,984	$10,103,375
VWO	VANGUARD EMERGING MARKETS STOCK INDEX FUND	−34,775	177,470	$10,593,184
QUAL	iShares MSCI USA Quality Factor ETF	−30,468	13,464	$2,954,405
SPMO	Invesco Ltd.	−17,579	31,857	$5,146,179
VTV	VANGUARD VALUE INDEX FUND	−17,193	57,299	$12,487,171
SCHX	Schwab U.S. Large-Cap ETF	−11,697	20,072	$590,718
VEA	Vanguard FTSE Developed Markets ETF	−9,290	36,584	$2,606,610
LMUB	iShares Long-Term National Muni Bond ETF	−6,566	120,450	$6,169,449
XCEM	Columbia EM Core ex-China ETF	−5,392	63,731	$3,370,095
AAPL	Apple Inc.	−4,576	11,188	$3,237,359
DASH	DoorDash, Inc.	−4,422	9,657	$1,782,006
LRCX	Lam Research Corp	−3,674	1,962	$850,193
DFAT	Dimensional U.S. Targeted Value ETF	−3,066	114,095	$7,975,240
SPEM	State Street(R) SPDR(R) Portfolio Emerging Markets ETF	−2,996	12,696	$657,398
MSFT	Microsoft Corp	−2,011	3,851	$1,436,500
GOOGL	Alphabet Inc.	−1,953	1,319	$471,371
QQQ	Invesco Qqq Trust, Series 1	−1,732	16,129	$11,877,395
EMXC	iShares MSCI Emerging Markets ex China ETF	−1,610	6,920	$707,916
AVGO	Broadcom Inc.	−1,558	1,660	$627,065
SCHE	Schwab Emerging Markets Equity ETF	−1,431	26,557	$962,956
DFAS	Dimensional U.S. Small Cap ETF	−1,424	7,454	$613,762
IVW	iShares S&P 500 Growth ETF	−1,349	7,002	$962,985
SCHM	Schwab U.S. Mid-Cap ETF	−1,250	17,967	$662,443
WMT	Walmart Inc.	−1,232	4,758	$538,891
JPM	Jpmorgan Chase & Co	−1,126	2,302	$753,513
No positions match the current search.

New Positions

Positions the filer opened this quarter

14 positions

Ticker	Company	Shares	Value
MU	Micron Technology Inc	892	$1,029,626
NBIS	Nebius Group N.V.	2,380	$657,284
WDC	Western Digital Corp	734	$468,820
ABNB	Airbnb, Inc.	2,824	$404,114
PANW	Palo Alto Networks Inc	1,175	$400,698
INTC	Intel Corp	2,522	$352,146
BMNR	Bitmine Immersion Technologies, Inc.	26,197	$348,682
ISRG	Intuitive Surgical Inc	859	$341,607
QQQM	Invesco Ltd.	1,073	$325,086
AMD	Advanced Micro Devices Inc	503	$292,197
VLUE	iShares MSCI USA Value Factor ETF	1,423	$284,329
MS	Morgan Stanley	1,289	$269,452
LLY	ELI LILLY & Co	209	$250,680
UNH	Unitedhealth Group Inc	578	$240,234
No positions match the current search.

Sold Out

Positions the filer fully exited

5 positions

Ticker	Company	Shares	Value
NEE	Nextera Energy Inc	4,323	$401,520
CRWD	CrowdStrike Holdings, Inc.	694	$270,944
SNOW	Snowflake Inc.	1,592	$240,105
AA	Alcoa Corp	3,360	$222,868
CSCO	Cisco Systems, Inc.	2,864	$222,217
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

120 tracked positions · $355,065,177 total · filing declares 120 positions · $355,065,417 · as of Jun 30, 2026

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

Showing 1–50 of 120 positions by value · page 1 of 3

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
IVV	iShares Core S&P 500 ETF	Added	90,706	+14,817	$67,928,816	+37.0%	15	before history	19.13%
NVDA	Nvidia Corp Technology	Added	101,671	+7,803	$20,343,350	+24.3%	15	before history	5.73%
AGG	iShares Core U.S. Aggregate Bond ETF	Added	203,469	+38,283	$20,139,361	+22.8%	15	before history	5.67%
VUG	VANGUARD GROWTH INDEX FUND	Added	182,632	+149,927	$15,731,920	+10.1%	13	unpriced	4.43%
DYNF	iShares U.S. Equity Factor Rotation Active ETF	Added	222,462	+42,079	$15,129,640	+44.2%	10	$47.03	4.26%
VTV	VANGUARD VALUE INDEX FUND	Reduced	57,299	-17,193	$12,487,171	−14.6%	15	before history	3.52%
QQQ	Invesco Qqq Trust, Series 1	Reduced	16,129	-1,732	$11,877,395	+15.2%	13	$417.15	3.35%
EFG	iShares MSCI EAFE Growth ETF	Added	93,224	+15,698	$11,598,930	+34.3%	11	unpriced	3.27%
VWO	VANGUARD EMERGING MARKETS STOCK INDEX FUND	Reduced	177,470	-34,775	$10,593,184	−7.7%	15	before history	2.98%
EFV	iShares MSCI EAFE Value ETF	Reduced	131,984	-67,051	$10,103,375	−31.7%	11	unpriced	2.85%
DFAT	Dimensional U.S. Targeted Value ETF	Reduced	114,095	-3,066	$7,975,240	+9.0%	15	before history	2.25%
LMUB	iShares Long-Term National Muni Bond ETF	Reduced	120,450	-6,566	$6,169,449	−2.7%	2	unpriced	1.74%
CAT	Caterpillar Inc Industrials	Reduced	5,254	-20	$5,594,984	+49.7%	15	before history	1.58%
SHLD	Global X Defense Tech ETF	Added	90,329	+15,328	$5,393,544	+1.5%	4	unpriced	1.52%
SPMO	Invesco Ltd. Financial Services	Reduced	31,857	-17,579	$5,146,179	−7.1%	7	$105.04	1.45%
GOOG	Alphabet Inc. Communication Services	Added	13,970	+199	$4,936,020	+25.0%	15	before history	1.39%
GOVT	iShares U.S. Treasury Bond ETF	Added	208,974	+19,903	$4,760,427	+9.9%	2	unpriced	1.34%
MUB	iShares National Muni Bond ETF	Added	41,773	+3,093	$4,495,610	+9.5%	15	before history	1.27%
VTEB	VANGUARD TAX-EXEMPT BOND INDEX FUND	Added	85,950	+3,075	$4,347,351	+5.1%	13	$50.04	1.22%
VV	VANGUARD LARGE-CAP INDEX FUND	Held	12,610	0	$4,336,705	+15.1%	15	before history	1.22%
TLH	iShares 10-20 Year Treasury Bond ETF	Added	42,775	+2,392	$4,292,471	+5.5%	10	unpriced	1.21%
BNDX	Vanguard Total International Bond ETF	Added	87,628	+7,152	$4,243,824	+9.7%	5	$49.07	1.20%
META	Meta Platforms, Inc. Communication Services	Added	7,509	+117	$4,229,744	+0.0%	4	$729.00	1.19%
SPY	Spdr S&P 500 ETF Trust	Held	5,309	0	$3,964,601	+14.8%	15	before history	1.12%
AMZN	Amazon Com Inc Consumer Cyclical	Reduced	15,820	-268	$3,770,538	+12.5%	15	before history	1.06%
XCEM	Columbia EM Core ex-China ETF	Reduced	63,731	-5,392	$3,370,095	+19.5%	10	$30.92	0.95%
AAPL	Apple Inc. Technology	Reduced	11,188	-4,576	$3,237,359	−19.1%	15	before history	0.91%
TSLA	Tesla, Inc. Consumer Cyclical	Held	7,037	0	$2,959,762	+13.1%	15	before history	0.83%
QUAL	iShares MSCI USA Quality Factor ETF	Reduced	13,464	-30,468	$2,954,405	−64.9%	11	unpriced	0.83%
VTI	VANGUARD TOTAL STOCK MARKET INDEX FUND	Added	7,691	+68	$2,845,977	+16.4%	15	before history	0.80%
SPDW	State Street(R) SPDR(R) Portfolio Developed World ex-US ETF	Held	53,830	0	$2,712,493	+10.4%	15	before history	0.76%
VEA	Vanguard FTSE Developed Markets ETF	Reduced	36,584	-9,290	$2,606,610	−11.3%	15	before history	0.73%
BINC		Added	47,473	+2,294	$2,484,736	+5.9%	10	$52.48	0.70%
OEF	iShares S&P 100 ETF	Reduced	6,144	-647	$2,247,905	+4.1%	11	unpriced	0.63%
MBB	iShares MBS ETF	Added	23,020	+552	$2,175,850	+2.0%	10	unpriced	0.61%
IWF	iShares Russell 1000 Growth ETF	Added	14,497	+10,844	$1,800,092	+15.6%	15	before history	0.51%
DASH	DoorDash, Inc. Consumer Cyclical	Reduced	9,657	-4,422	$1,782,006	−15.7%	4	$250.65	0.50%
V	Visa Inc. Financial Services	Held	4,852	0	$1,664,672	+13.5%	12	$246.49	0.47%
VO	VANGUARD MID-CAP INDEX FUND	Added	20,100	+14,769	$1,619,457	+5.8%	15	before history	0.46%
IEMG	iShares Trust	Added	18,921	+318	$1,567,415	—	15	before history	0.44%
SPYM	State Street(R) SPDR(R) Portfolio S&P 500(R) ETF	Reduced	17,698	-926	$1,555,300	+9.1%	15	before history	0.44%
IJH	iShares Core S&P Mid-Cap ETF	Reduced	19,873	-50	$1,532,407	+13.9%	15	before history	0.43%
SHOP	Shopify Inc. Technology	Held	13,130	0	$1,499,183	−3.7%	15	before history	0.42%
MSFT	Microsoft Corp Technology	Reduced	3,851	-2,011	$1,436,500	−33.8%	15	before history	0.40%
DFIV	Dimensional International Value ETF	Reduced	25,076	-668	$1,354,605	−0.3%	15	before history	0.38%
IEFA	iShares Core MSCI EAFE ETF	Added	13,794	+329	$1,332,224	+9.3%	10	unpriced	0.38%
SCHF	Schwab International Equity ETF	Reduced	47,863	-702	$1,325,805	+10.3%	15	before history	0.37%
COST	Costco Wholesale Corp Consumer Defensive	Added	1,265	+39	$1,183,369	−3.1%	9	$885.89	0.33%
BRK-B	Berkshire Hathaway Inc Financial Services	Reduced	2,106	-472	$1,053,821	−14.7%	15	before history	0.30%
MU	Micron Technology Inc Technology	NEW	892	NEW	$1,029,626	NEW	1	$749.89	0.29%

Showing the top 50 of 120 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.