Watershed Asset Management, L.L.C.
Long book
$96.5M
Q1 2026
Positions
118
Top-10 weight
36%
concentration
Last quarter
+21.6%
SPY +14.8%
Turnover
50%
of book per quarter
Strategy in plain words
auto-generated from filingsWatershed Asset Management, L.L.C. is a diversified fundamental manager, running a $96.5M US long book across 118 positions.
The portfolio is moderately concentrated (top 10 ≈ 36% of the book). The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: VANGUARD FTSE ALL-WORLD EX-U, VISA INC-CLASS A SHARES, ISHARES MSCI MEXICO ETF, THERMO FISHER SCIENTIFIC INC, MOODY'S CORP.
We rate its filings as signal-bearing: position changes reflect genuine views.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q4 2025
-3.9%
Q1 2026
+21.6%
Sector allocation
Technology 37%
Services media 19%
Consumer discretionary 11%
Financials 10%
Other 9%
Healthcare 7%
Industrials 3%
Communications 2%
Long book by quarter
What does Watershed Asset own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| V VISA INC-CLASS A SHARES | Services media | 14.1K | $4.2M | 4.4% | -9.4% |
| TMO THERMO FISHER SCIENTIFIC INC | Other | 7.0K | $3.4M | 3.6% | +29.6% |
| MCO MOODY'S CORP | Services media | 7.0K | $3.1M | 3.2% | New |
| AMZN AMAZON.COM INC | Consumer discretionary | 14.6K | $3.0M | 3.2% | New |
| META META PLATFORMS INC-CLASS A | Technology | 5.1K | $2.9M | 3.0% | +47.6% |
| AMAT APPLIED MATERIALS INC | Technology | 8.5K | $2.9M | 3.0% | +411.4% |
| TER TERADYNE INC | Technology | 8.9K | $2.6M | 2.7% | New |
| MELI MERCADOLIBRE INC | Services media | 1.5K | $2.6M | 2.7% | Held |
| KLAC KLA CORP | Other | 1.6K | $2.3M | 2.4% | New |
| INTC INTEL CORP | Technology | 45.6K | $2.0M | 2.1% | New |
| NVDA NVIDIA CORP | Technology | 10.9K | $1.9M | 2.0% | New |
| DHR DANAHER CORP | Technology | 9.4K | $1.8M | 1.8% | New |
| LITE LUMENTUM HOLDINGS INC | Technology | 2.2K | $1.5M | 1.6% | -45.0% |
| WRBY WARBY PARKER INC-CLASS A | Healthcare | 70.5K | $1.5M | 1.5% | +60.2% |
| GTLB GITLAB INC-CL A | Technology | 64.0K | $1.4M | 1.4% | +18.5% |
| MAN MANPOWERGROUP INC | Services media | 17.5K | $514K | 0.5% | New |
| KFY KORN FERRY | Services media | 8.1K | $513K | 0.5% | +30.7% |
| IIIN INSTEEL INDUSTRIES INC | Industrials | 14.9K | $500K | 0.5% | +10.3% |
| DELL DELL TECHNOLOGIES -C | Technology | 3.0K | $500K | 0.5% | -14.5% |
| R RYDER SYSTEM INC | Services media | 2.4K | $496K | 0.5% | Held |
| CRUS CIRRUS LOGIC INC | Technology | 3.4K | $487K | 0.5% | -11.5% |
| ZM ZOOM COMMUNICATIONS INC | Technology | 6.0K | $484K | 0.5% | +15.9% |
| T AT&T INC | Communications | 16.5K | $478K | 0.5% | Held |
| INVA INNOVIVA INC | Healthcare | 20.4K | $475K | 0.5% | -11.9% |
| HUM HUMANA INC | Financials | 2.7K | $474K | 0.5% | New |
| SKYW SKYWEST INC | Industrials | 5.1K | $472K | 0.5% | +17.8% |
| EBF ENNIS INC | Other | 22.0K | $472K | 0.5% | New |
| AKAM AKAMAI TECHNOLOGIES INC | Services media | 4.1K | $471K | 0.5% | -24.4% |
| INGM INGRAM MICRO HOLDING CORP | Consumer discretionary | 20.2K | $470K | 0.5% | New |
| TILE INTERFACE INC | Other | 18.8K | $469K | 0.5% | +18.6% |
| VZ VERIZON COMMUNICATIONS INC | Communications | 9.3K | $466K | 0.5% | -14.8% |
| GTM ZOOMINFO TECHNOLOGIES INC | Technology | 77.7K | $465K | 0.5% | New |
| ADBE ADOBE INC | Technology | 1.9K | $464K | 0.5% | New |
| PGY PAGAYA TECHNOLOGIES LTD -A | Financials | 39.8K | $463K | 0.5% | New |
| PGC PEAPACK GLADSTONE FINL CORP | Financials | 13.2K | $463K | 0.5% | New |
| NTAP NETAPP INC | Technology | 4.5K | $463K | 0.5% | +10.2% |
| DVA DAVITA INC | Healthcare | 3.0K | $462K | 0.5% | New |
| NWSA NEWS CORP - CLASS A | Other | 18.5K | $461K | 0.5% | New |
| BYD BOYD GAMING CORP | Services media | 5.6K | $459K | 0.5% | +17.2% |
| DIOD DIODES INC | Technology | 6.7K | $459K | 0.5% | -21.4% |
| BBT BEACON FINANCIAL CORP | Financials | 15.2K | $457K | 0.5% | Held |
| WEX WEX INC | Services media | 3.0K | $454K | 0.5% | New |
| AMKR AMKOR TECHNOLOGY INC | Technology | 10.1K | $453K | 0.5% | -11.7% |
| ASO ACADEMY SPORTS & OUTDOORS IN | Consumer discretionary | 8.0K | $453K | 0.5% | New |
| IBEX IBEX LTD | Technology | 16.9K | $453K | 0.5% | New |
| MTCH MATCH GROUP INC | Technology | 14.7K | $453K | 0.5% | +10.6% |
| BKE BUCKLE INC/THE | Consumer discretionary | 9.0K | $452K | 0.5% | New |
| CTSH COGNIZANT TECH SOLUTIONS-A | Technology | 7.4K | $452K | 0.5% | +39.2% |
| FSLR FIRST SOLAR INC | Technology | 2.3K | $450K | 0.5% | New |
| CARG CARGURUS INC | Technology | 13.2K | $449K | 0.5% | New |
13F filing history
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