Riverwater Partners LLC
Long book
$300.0M
Q1 2026
Positions
213
Top-10 weight
24%
concentration
Last quarter
+12.4%
SPY +14.8%
Turnover
22%
of book per quarter
Strategy in plain words
auto-generated from filingsRiverwater Partners LLC is an institutional manager, running a $300.0M US long book across 213 positions.
The portfolio is broadly diversified across 213 positions (top 10 only 24%). Turnover is modest: positions are typically held for years. Current anchor positions: CONVERGENCE LONG/SHORT EQY, AVANTIS RESP EMERG MKTS EQ-E, ISHARES CORE S&P 500 ETF, ADEIA INC, GRAND CANYON EDUCATION INC.
Over the last 9 quarters its long book ran on average 0.8pp per quarter behind the S&P 500, beating the index in 2 of 9 quarters. Signal value of individual moves is limited — treat changes as weak evidence.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+0.9%
Q2 2024
+8.2%
Q3 2024
-0.3%
Q4 2024
-4.6%
Q1 2025
+6.7%
Q2 2025
+7.1%
Q3 2025
+1.1%
Q4 2025
+1.3%
Q1 2026
+12.4%
Sector allocation
Industrials 18%
Financials 16%
Technology 14%
Healthcare 12%
Services media 7%
Other 7%
Consumer discretionary 6%
Utilities 6%
Long book by quarter
What does Riverwater Partners own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| ADEA ADEIA INC | Communications | 295.9K | $7.1M | 2.4% | +20.0% |
| LOPE GRAND CANYON EDUCATION INC | Services media | 34.0K | $5.8M | 1.9% | +3.7% |
| VECO VEECO INSTRUMENTS INC | Industrials | 161.3K | $5.5M | 1.8% | +7.6% |
| LMNR LIMONEIRA CO | Consumer staples | 329.2K | $4.4M | 1.5% | +25.9% |
| DGX QUEST DIAGNOSTICS INC | Healthcare | 21.0K | $4.1M | 1.4% | +33.2% |
| AZZ AZZ INC | Industrials | 29.7K | $3.7M | 1.2% | +52.6% |
| SNEX STONEX GROUP INC | Financials | 46.0K | $3.7M | 1.2% | +57.1% |
| GOOGL ALPHABET INC-CL A | Technology | 12.8K | $3.7M | 1.2% | -5.3% |
| IDCC INTERDIGITAL INC | Financials | 12.1K | $3.6M | 1.2% | +4.2% |
| TGLS TECNOGLASS INC | Industrials | 76.5K | $3.4M | 1.1% | +22.5% |
| ECG EVERUS CONSTRUCTION GROUP | Industrials | 27.3K | $3.2M | 1.1% | +4.3% |
| CFR CULLEN/FROST BANKERS INC | Financials | 23.0K | $3.2M | 1.1% | +51.1% |
| PLXS PLEXUS CORP | Technology | 15.2K | $3.1M | 1.0% | -15.0% |
| MDU MDU RESOURCES GROUP INC | Materials | 147.1K | $3.0M | 1.0% | +48.2% |
| ATMU ATMUS FILTRATION TECHNOLOGIE | Industrials | 53.1K | $3.0M | 1.0% | +4.7% |
| JLL JONES LANG LASALLE INC | Real estate | 9.8K | $3.0M | 1.0% | +51.4% |
| KGS KODIAK GAS SERVICES INC | Utilities | 50.8K | $3.0M | 1.0% | +51.9% |
| MEOH METHANEX CORP | Other | 47.0K | $2.8M | 0.9% | New |
| MSFT MICROSOFT CORP | Technology | 7.5K | $2.8M | 0.9% | +2.3% |
| MOD MODINE MANUFACTURING CO | Industrials | 12.7K | $2.8M | 0.9% | -23.0% |
| PNW PINNACLE WEST CAPITAL | Utilities | 27.2K | $2.7M | 0.9% | +45.9% |
| ICFI ICF INTERNATIONAL INC | Services media | 41.4K | $2.7M | 0.9% | +26.6% |
| EXEL EXELIXIS INC | Healthcare | 62.1K | $2.7M | 0.9% | +2.4% |
| PNFP PINNACLE FINANCIAL PARTNERS | Financials | 30.4K | $2.6M | 0.9% | New |
| RRC RANGE RESOURCES CORP | Energy | 58.0K | $2.6M | 0.9% | +57.9% |
| JKHY JACK HENRY & ASSOCIATES INC | Technology | 16.5K | $2.6M | 0.9% | New |
| HAE HAEMONETICS CORP/MASS | Healthcare | 46.1K | $2.6M | 0.9% | +48.5% |
| DGII DIGI INTERNATIONAL INC | Technology | 53.3K | $2.6M | 0.9% | +41.3% |
| LMAT LEMAITRE VASCULAR INC | Healthcare | 22.3K | $2.4M | 0.8% | +4.3% |
| GFF GRIFFON CORP | Industrials | 33.4K | $2.4M | 0.8% | +113.3% |
| PLPC PREFORMED LINE PRODUCTS CO | Industrials | 8.8K | $2.4M | 0.8% | +58.5% |
| AM ANTERO MIDSTREAM CORP | Utilities | 100.4K | $2.3M | 0.8% | +47.6% |
| PLMR PALOMAR HOLDINGS INC | Financials | 18.9K | $2.3M | 0.8% | +4.7% |
| LPX LOUISIANA-PACIFIC CORP | Other | 31.0K | $2.3M | 0.8% | +45.3% |
| NPKI NPK INTERNATIONAL INC | Services media | 155.2K | $2.2M | 0.7% | -1.7% |
| CPK CHESAPEAKE UTILITIES CORP | Utilities | 17.5K | $2.2M | 0.7% | +4.7% |
| TALK TALKSPACE INC | Healthcare | 424.3K | $2.2M | 0.7% | New |
| VMI VALMONT INDUSTRIES | Industrials | 5.5K | $2.2M | 0.7% | +48.6% |
| CNX CNX RESOURCES CORP | Energy | 54.9K | $2.1M | 0.7% | +4.7% |
| AAPL APPLE INC | Technology | 8.2K | $2.1M | 0.7% | +10.3% |
| SKWD SKYWARD SPECIALTY INSURANCE | Financials | 47.6K | $2.1M | 0.7% | +48.2% |
| SCHW SCHWAB (CHARLES) CORP | Financials | 21.7K | $2.0M | 0.7% | 0.0% |
| ATRC ATRICURE INC | Healthcare | 70.5K | $2.0M | 0.7% | +16.9% |
| SFM SPROUTS FARMERS MARKET INC | Consumer discretionary | 25.4K | $2.0M | 0.7% | New |
| BKH BLACK HILLS CORP | Utilities | 28.0K | $1.9M | 0.6% | -32.5% |
| NVDA NVIDIA CORP | Technology | 10.8K | $1.9M | 0.6% | +8.8% |
| CBT CABOT CORP | Other | 24.5K | $1.8M | 0.6% | +4.7% |
| BDC BELDEN INC | Industrials | 16.0K | $1.8M | 0.6% | +4.7% |
| MMSI MERIT MEDICAL SYSTEMS INC | Healthcare | 25.9K | $1.8M | 0.6% | +4.7% |
| SF STIFEL FINANCIAL CORP | Financials | 23.3K | $1.7M | 0.6% | +122.1% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 8, 2026 | 213 | $300.0M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 12, 2026 | 212 | $258.4M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 31, 2025 | 217 | $240.9M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 1, 2025 | 202 | $212.4M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 21, 2025 | 202 | $194.8M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 13, 2025 | 212 | $205.5M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 22, 2024 | 206 | $201.4M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 19, 2024 | 186 | $134.9M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Apr 19, 2024 | 187 | $136.0M | canonical | SEC ↗ |
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