Great Waters Wealth Management
Long book
$944.9M
Q1 2026
Positions
121
Top-10 weight
87%
concentration
Last quarter
+9.8%
SPY +14.8%
Turnover
8%
of book per quarter
Strategy in plain words
auto-generated from filingsGreat Waters Wealth Management is a wealth-management firm allocating client money, running a $944.9M US long book across 121 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: DIMENSIONAL US EQ MKT ETF, DIMENSIONAL WORLD EX US CORE, DIMENSIONAL CORE FIXED INC, DIMENSIONAL SHORT DURATION, DIMENSIONAL US SMALL CAP ETF.
Over the last 9 quarters its long book ran on average 1pp per quarter behind the S&P 500, beating the index in 3 of 9 quarters. Its holdings are mechanical (indexing / client flows), so position changes carry no stock-picking signal.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+1.3%
Q2 2024
+6.7%
Q3 2024
-1.7%
Q4 2024
-0.9%
Q1 2025
+7.0%
Q2 2025
+6.3%
Q3 2025
+2.6%
Q4 2025
+0.1%
Q1 2026
+9.8%
Sector allocation
Technology 36%
Industrials 16%
Healthcare 14%
Financials 13%
Consumer discretionary 11%
Other 2%
Utilities 2%
Consumer staples 2%
Long book by quarter
What does Great Waters own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| AAPL APPLE INC | Technology | 29.9K | $7.6M | 0.8% | -0.2% |
| NVDA NVIDIA CORP | Technology | 34.4K | $6.0M | 0.6% | -3.0% |
| UNH UNITEDHEALTH GROUP INC | Financials | 18.7K | $5.1M | 0.5% | +8.9% |
| HON HONEYWELL INTERNATIONAL INC | Industrials | 16.7K | $3.8M | 0.4% | -0.3% |
| MMM 3M CO | Healthcare | 24.5K | $3.6M | 0.4% | +1.1% |
| DCI DONALDSON CO INC | Industrials | 30.2K | $2.6M | 0.3% | -0.7% |
| MSFT MICROSOFT CORP | Technology | 5.1K | $1.9M | 0.2% | +3.1% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 1.7K | $1.7M | 0.2% | -0.7% |
| TSLA TESLA INC | Industrials | 4.5K | $1.7M | 0.2% | +0.2% |
| AMZN AMAZON.COM INC | Consumer discretionary | 6.2K | $1.3M | 0.1% | +1.5% |
| TER TERADYNE INC | Technology | 4.0K | $1.2M | 0.1% | Held |
| MU MICRON TECHNOLOGY INC | Technology | 3.3K | $1.1M | 0.1% | -0.8% |
| MDT MEDTRONIC PLC | Healthcare | 11.6K | $1.0M | 0.1% | -0.3% |
| MCK MCKESSON CORP | Consumer discretionary | 982 | $850K | 0.1% | -1.0% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 1.8K | $847K | 0.1% | Held |
| XEL XCEL ENERGY INC | Utilities | 10.5K | $831K | 0.1% | -0.6% |
| TT TRANE TECHNOLOGIES PLC | Technology | 1.8K | $771K | 0.1% | +221.0% |
| PFE PFIZER INC | Healthcare | 25.5K | $716K | 0.1% | 0.0% |
| MCD MCDONALD'S CORP | Consumer discretionary | 2.2K | $693K | 0.1% | -5.2% |
| LLY ELI LILLY & CO | Healthcare | 748 | $688K | 0.1% | Held |
| FICO FAIR ISAAC CORP | Services media | 637 | $680K | 0.1% | Held |
| GOOGL ALPHABET INC-CL A | Technology | 2.3K | $669K | 0.1% | -2.1% |
| AMD ADVANCED MICRO DEVICES | Technology | 3.1K | $629K | 0.1% | +0.8% |
| CL COLGATE-PALMOLIVE CO | Other | 7.0K | $601K | 0.1% | -3.5% |
| JNJ JOHNSON & JOHNSON | Healthcare | 2.2K | $527K | 0.1% | +2.4% |
| TTC TORO CO | Industrials | 4.9K | $462K | 0.0% | Held |
| PEP PEPSICO INC | Consumer staples | 2.8K | $441K | 0.0% | 0.0% |
| WMT WALMART INC | Consumer discretionary | 3.5K | $437K | 0.0% | Held |
| DAL DELTA AIR LINES INC | Industrials | 6.5K | $432K | 0.0% | +3.5% |
| TRV TRAVELERS COS INC/THE | Financials | 1.4K | $412K | 0.0% | +0.1% |
| ABT ABBOTT LABORATORIES | Healthcare | 4.0K | $410K | 0.0% | -0.2% |
| LRCX LAM RESEARCH CORP | Industrials | 1.9K | $402K | 0.0% | Held |
| COR CENCORA INC | Consumer discretionary | 1.3K | $395K | 0.0% | Held |
| GIS GENERAL MILLS INC | Consumer staples | 10.2K | $379K | 0.0% | -2.1% |
| ECL ECOLAB INC | Other | 1.4K | $376K | 0.0% | -31.3% |
| SOLV SOLVENTUM CORP | Healthcare | 5.6K | $367K | 0.0% | +0.6% |
| AMP AMERIPRISE FINANCIAL INC | Financials | 819 | $364K | 0.0% | Held |
| HD HOME DEPOT INC | Consumer discretionary | 1.1K | $362K | 0.0% | Held |
| CAT CATERPILLAR INC | Industrials | 510 | $361K | 0.0% | Held |
| BSX BOSTON SCIENTIFIC CORP | Healthcare | 5.7K | $360K | 0.0% | -0.4% |
| MO ALTRIA GROUP INC | Consumer staples | 5.4K | $359K | 0.0% | 0.0% |
| FITB FIFTH THIRD BANCORP | Financials | 7.6K | $351K | 0.0% | New |
| META META PLATFORMS INC-CLASS A | Technology | 610 | $349K | 0.0% | Held |
| ROST ROSS STORES INC | Consumer discretionary | 1.6K | $336K | 0.0% | Held |
| SOLS SOLSTICE ADV MATERIALS INC | Materials | 4.2K | $322K | 0.0% | Held |
| AMGN AMGEN INC | Healthcare | 906 | $319K | 0.0% | Held |
| WFC WELLS FARGO & CO | Financials | 3.9K | $313K | 0.0% | -0.3% |
| USB US BANCORP | Financials | 5.9K | $306K | 0.0% | -1.3% |
| CSCO CISCO SYSTEMS INC | Technology | 3.8K | $298K | 0.0% | Held |
| AVGO BROADCOM INC | Technology | 934 | $289K | 0.0% | Held |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 17, 2026 | 121 | $944.9M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 15, 2026 | 117 | $909.0M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 14, 2025 | 114 | $846.4M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 11, 2025 | 110 | $768.9M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 14, 2025 | 103 | $720.8M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 17, 2025 | 112 | $779.3M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 4, 2024 | 110 | $741.6M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 9, 2024 | 104 | $654.8M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Apr 9, 2024 | 99 | $612.3M | canonical | SEC ↗ |