DEEPWATER ASSET MANAGEMENT, LLC
Long book
$157.8M
Q1 2026
Positions
39
Top-10 weight
42%
concentration
Last quarter
+41.3%
SPY +14.8%
Turnover
40%
of book per quarter
Strategy in plain words
auto-generated from filingsDEEPWATER ASSET MANAGEMENT, LLC is a concentrated fundamental stock-picker, running a $157.8M US long book across 39 positions.
The portfolio is moderately concentrated (top 10 ≈ 42% of the book). The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: REDDIT INC-CL A, STERLING INFRASTRUCTURE INC, NU HOLDINGS LTD/CAYMAN ISL-A, CREDO TECHNOLOGY GROUP HOLDI, UBER TECHNOLOGIES INC.
Over the last 9 quarters its long book ran on average 0.1pp per quarter behind the S&P 500, beating the index in 3 of 9 quarters. We rate its filings highest-signal: new buys here are worth attention.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
-4.9%
Q2 2024
+5.2%
Q3 2024
+7.1%
Q4 2024
-18.2%
Q1 2025
+20.4%
Q2 2025
+5.2%
Q3 2025
+2.1%
Q4 2025
-18.5%
Q1 2026
+41.3%
Sector allocation
Technology 55%
Industrials 17%
Services media 10%
Financials 5%
Other 3%
Materials 3%
Healthcare 3%
Utilities 3%
Long book by quarter
What does DEEPWATER ASSET own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| RDDT REDDIT INC-CL A | Technology | 65.7K | $8.8M | 5.6% | -6.3% |
| STRL STERLING INFRASTRUCTURE INC | Industrials | 20.7K | $8.4M | 5.3% | +36.8% |
| NU NU HOLDINGS LTD/CAYMAN ISL-A | Financials | 526.6K | $7.6M | 4.8% | -47.2% |
| CRDO CREDO TECHNOLOGY GROUP HOLDI | Technology | 73.4K | $6.9M | 4.4% | New |
| UBER UBER TECHNOLOGIES INC | Services media | 86.8K | $6.2M | 4.0% | -52.2% |
| VRT VERTIV HOLDINGS CO-A | Technology | 24.7K | $6.2M | 3.9% | -28.6% |
| DDOG DATADOG INC - CLASS A | Technology | 51.0K | $6.0M | 3.8% | +62.2% |
| MRVL MARVELL TECHNOLOGY INC | Technology | 54.6K | $5.4M | 3.4% | New |
| LRCX LAM RESEARCH CORP | Industrials | 24.0K | $5.1M | 3.2% | -19.6% |
| ASML ASML HOLDING NV-NY REG SHS | Industrials | 3.8K | $5.0M | 3.2% | -12.4% |
| RMBS RAMBUS INC | Technology | 58.0K | $5.0M | 3.2% | New |
| MELI MERCADOLIBRE INC | Services media | 2.9K | $4.9M | 3.1% | -63.2% |
| COHR COHERENT CORP | Other | 20.1K | $4.8M | 3.0% | -23.2% |
| CCJ CAMECO CORP | Materials | 43.6K | $4.7M | 3.0% | -18.4% |
| ISRG INTUITIVE SURGICAL INC | Healthcare | 10.3K | $4.7M | 3.0% | -59.3% |
| FOUR SHIFT4 PAYMENTS INC-CLASS A | Services media | 107.1K | $4.7M | 3.0% | -48.1% |
| TTWO TAKE-TWO INTERACTIVE SOFTWRE | Technology | 23.6K | $4.7M | 2.9% | +20.1% |
| VST VISTRA CORP | Utilities | 30.9K | $4.6M | 2.9% | +5.9% |
| SHOP SHOPIFY INC - CLASS A | Technology | 37.9K | $4.5M | 2.8% | New |
| GLBE GLOBAL-E ONLINE LTD | Technology | 144.2K | $4.4M | 2.8% | -63.2% |
| RBRK RUBRIK INC-A | Technology | 88.5K | $4.3M | 2.7% | -45.9% |
| TEAM ATLASSIAN CORP-CL A | Technology | 61.7K | $4.2M | 2.7% | -32.3% |
| SNOW SNOWFLAKE INC | Technology | 27.7K | $4.2M | 2.6% | +28.5% |
| AVAV AEROVIRONMENT INC | Industrials | 22.6K | $4.1M | 2.6% | -21.6% |
| MRCY MERCURY SYSTEMS INC | Technology | 56.6K | $4.1M | 2.6% | -16.1% |
| APP APPLOVIN CORP-CLASS A | Technology | 9.8K | $3.9M | 2.5% | -60.4% |
| AXON AXON ENTERPRISE INC | Industrials | 9.1K | $3.8M | 2.4% | +3.2% |
| NET CLOUDFLARE INC - CLASS A | Technology | 7.4K | $1.5M | 1.0% | New |
| GOOG ALPHABET INC-CL C | Technology | 5.2K | $1.5M | 0.9% | Held |
| AMZN AMAZON.COM INC | Consumer discretionary | 7.0K | $1.4M | 0.9% | +121.5% |
| SNPS SYNOPSYS INC | Technology | 3.6K | $1.4M | 0.9% | Held |
| AAPL APPLE INC | Technology | 5.4K | $1.4M | 0.9% | +50.0% |
| NVDA NVIDIA CORP | Technology | 7.7K | $1.3M | 0.9% | -16.1% |
| AVGO BROADCOM INC | Technology | 4.3K | $1.3M | 0.9% | Held |
| PCOR PROCORE TECHNOLOGIES INC | Technology | 22.8K | $1.3M | 0.8% | New |
| TOST TOAST INC-CLASS A | Technology | 46.2K | $1.2M | 0.8% | New |
| CRWV COREWEAVE INC-CL A | Technology | 15.6K | $1.2M | 0.8% | +41.8% |
| MU MICRON TECHNOLOGY INC | Technology | 3.5K | $1.2M | 0.7% | -52.1% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 14, 2026 | 39 | $157.8M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 11, 2026 | 46 | $343.3M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 12, 2025 | 31 | $251.3M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 20 | $252.6M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 13, 2025 | 21 | $236.3M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 24, 2025 | 23 | $306.4M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 24, 2024 | 23 | $284.8M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 13, 2024 | 23 | $275.3M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Apr 18, 2024 | 26 | $265.5M | canonical | SEC ↗ |
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