Headwater Capital Co Ltd

CIK

2036346

Location

HONG KONG, F4

Portfolio Value

Small $500,401,155

Diversification

Diversified

Filing Date

Global Rank

#2,835 / 8,633 ▼ 431

Top Industry

Internet Content & Information 38.3%

3Y Alpha vs SPY

+15.7%

Period ended 52 days ago

Filed Aug 14, 2026 · 7d

7 quarters · since Dec 2024

Clone Performance

Feb 2025–Aug 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

+50.1%

SPY

+26.1%

Annualised alpha

+14.2%

Max drawdown

−24.1%

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. Returns use comparable raw closes and exclude dividends; a captured split can shorten the simulated window. It tracks 100% of reported value on average across 7 quarters. Past performance does not predict future results.

Portfolio Concentration

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

Top Position

20.0%

−4.2 pts

Top 5

69.9%

−4.6 pts

Top 10

92.0%

−1.7 pts

HHI

1,308

Diversified−120

Portfolio Trend

7 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Communication Services	43.3%	$216,427,665	4
Technology	26.3%	$131,694,790	3
Financial Services	14.9%	$74,603,200	3
Consumer Cyclical	11.0%	$55,087,400	2
Industrials	3.1%	$15,572,000	1
Unclassified	1.4%	$7,016,100	1

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

2 positions

Ticker	Company	Δ Shares	Shares	Value
FUTU	Futu Holdings Ltd	+215,000	315,000	$29,528,100
RBLX	Roblox Corp	+115,000	315,000	$17,129,700
No positions match the current search.

Trimmed

Positions the filer reduced

6 positions

Ticker	Company	Δ Shares	Shares	Value
GOOGL	Alphabet Inc.	−242,000	283,000	$100,275,190
HOOD	Robinhood Markets, Inc.	−157,000	210,000	$21,058,800
TSM	Taiwan Semiconductor Manufacturing Co Ltd	−126,000	210,000	$100,289,700
MU	Micron Technology Inc	−86,000	21,000	$24,240,090
TCOM	Trip.com Group Ltd	−55,000	605,000	$24,103,200
META	Meta Platforms, Inc.	−31,500	157,500	$88,718,175
No positions match the current search.

New Positions

Positions the filer opened this quarter

6 positions

Ticker	Company	Shares	Value
AMZN	Amazon Com Inc	130,000	$30,984,200
V	Visa Inc.	70,000	$24,016,300
BWXT	BWX Technologies, Inc.	80,000	$15,572,000
APP	AppLovin Corp	20,000	$10,304,600
PAYP	PayPay Corp	500,000	$7,165,000
QQQ	Invesco Qqq Trust, Series 1	630,000	$7,016,100
No positions match the current search.

Sold Out

Positions the filer fully exited

6 positions

Ticker	Company	Shares	Value
NVDA	Nvidia Corp	315,000	$54,936,000
DASH	DoorDash, Inc.	210,000	$31,531,500
PDD	PDD Holdings Inc.	150,000	$15,327,000
LITE	Lumentum Holdings Inc.	20,000	$14,055,200
ONON	On Holding AG	300,000	$10,206,000
BZ	Kanzhun Ltd	300,000	$4,017,000
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

14 tracked positions · $500,401,155 total · filing declares 15 positions · $500,401,155 · as of Jun 30, 2026

All sectors Communication Services Consumer Cyclical Financial Services Industrials Technology

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
TSM	Taiwan Semiconductor Manufacturing Co Ltd Technology	Reduced	210,000	-126,000	$100,289,700	−11.7%	20.04%
GOOGL	Alphabet Inc. Communication Services	Reduced	283,000	-242,000	$100,275,190	−33.5%	20.04%
META	Meta Platforms, Inc. Communication Services	Reduced	157,500	-31,500	$88,718,175	−18.0%	17.73%
AMZN	Amazon Com Inc Consumer Cyclical	NEW	130,000	NEW	$30,984,200	NEW	6.19%
FUTU	Futu Holdings Ltd Financial Services	Added	315,000	+215,000	$29,528,100	+115.9%	5.90%
MU	Micron Technology Inc Technology	Reduced	21,000	-86,000	$24,240,090	−32.9%	4.84%
TCOM	Trip.com Group Ltd Consumer Cyclical	Reduced	605,000	-55,000	$24,103,200	−26.7%	4.82%
V	Visa Inc. Financial Services	NEW	70,000	NEW	$24,016,300	NEW	4.80%
HOOD	Robinhood Markets, Inc. Financial Services	Reduced	210,000	-157,000	$21,058,800	−17.2%	4.21%
RBLX	Roblox Corp Communication Services	Added	315,000	+115,000	$17,129,700	+51.4%	3.42%
BWXT	BWX Technologies, Inc. Industrials	NEW	80,000	NEW	$15,572,000	NEW	3.11%
APP	AppLovin Corp Communication Services	NEW	20,000	NEW	$10,304,600	NEW	2.06%
PAYP	PayPay Corp Technology	NEW	500,000	NEW	$7,165,000	NEW	1.43%
QQQ	Invesco Qqq Trust, Series 1 PUT	NEW	630,000	NEW	$7,016,100	NEW	1.40%

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.