Waterloo Capital, L.P.
Long book
$1.42B
Q1 2026
Positions
479
Top-10 weight
25%
concentration
Last quarter
+9.5%
SPY +14.8%
Turnover
24%
of book per quarter
Strategy in plain words
auto-generated from filingsWaterloo Capital, L.P. is a wealth-management firm allocating client money, running a $1.42B US long book across 479 positions.
The portfolio is moderately concentrated (top 10 ≈ 25% of the book). Turnover is modest: positions are typically held for years. Current anchor positions: WALMART INC, ISHARES CORE S&P 500 ETF, SS SPDR P S&P 500 GROWTH ETF, FIDELITY ENHANCED INTL ETF, APTUS COLLARED INVEST OPP.
Over the last 9 quarters its long book ran on average 0.9pp 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
+2.4%
Q2 2024
+6.5%
Q3 2024
+0.9%
Q4 2024
-1.4%
Q1 2025
+7.5%
Q2 2025
+6.2%
Q3 2025
+1.8%
Q4 2025
-1.3%
Q1 2026
+9.5%
Sector allocation
Technology 29%
Consumer discretionary 18%
Financials 9%
Industrials 8%
Utilities 8%
Healthcare 7%
Other 7%
Consumer staples 5%
Long book by quarter
What does Waterloo Capital, own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| WMT WALMART INC | Consumer discretionary | 507.2K | $63.0M | 4.4% | +16.7% |
| AAPL APPLE INC | Technology | 123.3K | $31.3M | 2.2% | -11.7% |
| NVDA NVIDIA CORP | Technology | 168.4K | $29.4M | 2.1% | -1.2% |
| MSFT MICROSOFT CORP | Technology | 42.6K | $15.8M | 1.1% | -6.8% |
| AVGO BROADCOM INC | Technology | 46.1K | $14.3M | 1.0% | -4.7% |
| AMZN AMAZON.COM INC | Consumer discretionary | 60.0K | $12.5M | 0.9% | +1.2% |
| GOOG ALPHABET INC-CL C | Technology | 34.1K | $9.8M | 0.7% | -9.7% |
| GOOGL ALPHABET INC-CL A | Technology | 33.9K | $9.7M | 0.7% | +24.5% |
| PM PHILIP MORRIS INTERNATIONAL | Consumer staples | 41.4K | $6.8M | 0.5% | -1.9% |
| TSLA TESLA INC | Industrials | 16.8K | $6.2M | 0.4% | -2.2% |
| MO ALTRIA GROUP INC | Consumer staples | 93.6K | $6.2M | 0.4% | +7.5% |
| META META PLATFORMS INC-CLASS A | Technology | 10.3K | $5.9M | 0.4% | -6.0% |
| XOM EXXON MOBIL CORP | Energy | 34.2K | $5.8M | 0.4% | -4.2% |
| NY4B CLEARWAY ENERGY INC-A | — | 147.2K | $5.8M | 0.4% | +1.1% |
| JNJ JOHNSON & JOHNSON | Healthcare | 23.5K | $5.7M | 0.4% | -0.7% |
| JPM JPMORGAN CHASE & CO | Financials | 18.9K | $5.5M | 0.4% | +0.3% |
| ATO ATMOS ENERGY CORP | Utilities | 28.6K | $5.3M | 0.4% | -0.5% |
| STXN SEAGATE TECHNOLOGY HOLDINGS | — | 12.9K | $5.1M | 0.4% | -38.5% |
| WFC WELLS FARGO & CO | Financials | 62.6K | $5.0M | 0.3% | -7.3% |
| DGX QUEST DIAGNOSTICS INC | Healthcare | 24.8K | $4.9M | 0.3% | -5.7% |
| KMI KINDER MORGAN INC | Utilities | 140.0K | $4.7M | 0.3% | -0.6% |
| GBDC GOLUB CAPITAL BDC INC | — | 370.4K | $4.7M | 0.3% | +145.3% |
| V VISA INC-CLASS A SHARES | Services media | 15.5K | $4.7M | 0.3% | -4.4% |
| ABBV ABBVIE INC | Healthcare | 21.1K | $4.6M | 0.3% | -6.1% |
| AM ANTERO MIDSTREAM CORP | Utilities | 197.7K | $4.5M | 0.3% | +1.5% |
| SO SOUTHERN CO/THE | Utilities | 46.0K | $4.4M | 0.3% | +5.1% |
| KO COCA-COLA CO/THE | Consumer staples | 54.5K | $4.1M | 0.3% | -1.5% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 8.6K | $4.1M | 0.3% | -14.6% |
| PLTR PALANTIR TECHNOLOGIES INC-A | Technology | 27.5K | $4.0M | 0.3% | +5.2% |
| TNL TRAVEL + LEISURE CO | Services media | 55.4K | $3.8M | 0.3% | +1.6% |
| PWR QUANTA SERVICES INC | Industrials | 6.9K | $3.8M | 0.3% | -4.8% |
| OKE ONEOK INC | Utilities | 41.2K | $3.7M | 0.3% | +30.8% |
| NFLX NETFLIX INC | Services media | 37.6K | $3.6M | 0.3% | -1.3% |
| FITB FIFTH THIRD BANCORP | Financials | 75.7K | $3.5M | 0.2% | -0.1% |
| MMM 3M CO | Healthcare | 24.1K | $3.5M | 0.2% | -1.6% |
| LNC LINCOLN NATIONAL CORP | Financials | 97.8K | $3.5M | 0.2% | +0.6% |
| LLY ELI LILLY & CO | Healthcare | 3.7K | $3.4M | 0.2% | -11.9% |
| MRK MERCK & CO. INC. | Healthcare | 27.1K | $3.3M | 0.2% | +2.7% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 12, 2026 | 481 | $1.42B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 10, 2026 | 456 | $1.39B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 5, 2025 | 455 | $1.34B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 12, 2025 | 457 | $1.24B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 12, 2025 | 390 | $1.08B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 13, 2025 | 363 | $948.9M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 354 | $916.3M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 12, 2024 | 347 | $833.3M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 14, 2024 | 361 | $782.8M | canonical | SEC ↗ |