WATERSHED PRIVATE WEALTH LLC
Long book
$320.7M
Q1 2026
Positions
111
Top-10 weight
52%
concentration
Last quarter
+12.0%
SPY +14.8%
Turnover
21%
of book per quarter
Strategy in plain words
auto-generated from filingsWATERSHED PRIVATE WEALTH LLC is a wealth-management firm allocating client money, running a $320.7M US long book across 111 positions.
The portfolio is concentrated: the top 10 names carry 52% of the portfolio. Turnover is modest: positions are typically held for years. Current anchor positions: ISHARES CORE S&P 500 ETF, ISHARES CORE U.S. AGGREGATE, NVIDIA CORP, ISHARES MSCI EAFE VALUE ETF, VANGUARD VALUE ETF.
Over the last 9 quarters its long book ran on average 0.5pp per quarter behind the S&P 500, beating the index in 2 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
+3.4%
Q2 2024
+5.6%
Q3 2024
+1.1%
Q4 2024
-3.2%
Q1 2025
+10.7%
Q2 2025
+7.7%
Q3 2025
+2.2%
Q4 2025
-3.3%
Q1 2026
+12.0%
Sector allocation
Technology 60%
Industrials 14%
Consumer discretionary 10%
Services media 8%
Financials 6%
Healthcare 1%
Other 1%
Utilities 1%
Long book by quarter
What does WATERSHED PRIVATE own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| NVDA NVIDIA CORP | Technology | 93.9K | $16.4M | 5.1% | -6.8% |
| META META PLATFORMS INC-CLASS A | Technology | 7.4K | $4.2M | 1.3% | +0.9% |
| AAPL APPLE INC | Technology | 15.8K | $4.0M | 1.2% | -9.6% |
| GOOG ALPHABET INC-CL C | Technology | 13.8K | $4.0M | 1.2% | -3.7% |
| CAT CATERPILLAR INC | Industrials | 5.3K | $3.7M | 1.2% | -1.3% |
| AMZN AMAZON.COM INC | Consumer discretionary | 16.1K | $3.4M | 1.0% | -2.2% |
| TSLA TESLA INC | Industrials | 7.0K | $2.6M | 0.8% | -0.4% |
| MSFT MICROSOFT CORP | Technology | 5.9K | $2.2M | 0.7% | -22.5% |
| DASH DOORDASH INC - A | Services media | 14.1K | $2.1M | 0.7% | -0.1% |
| SHOP SHOPIFY INC - CLASS A | Technology | 13.1K | $1.6M | 0.5% | -4.3% |
| V VISA INC-CLASS A SHARES | Services media | 4.9K | $1.5M | 0.5% | -7.3% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 2.6K | $1.2M | 0.4% | -23.3% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 1.2K | $1.2M | 0.4% | -5.8% |
| LRCX LAM RESEARCH CORP | Industrials | 5.6K | $1.2M | 0.4% | -5.2% |
| JPM JPMORGAN CHASE & CO | Financials | 3.4K | $1.0M | 0.3% | -10.2% |
| AVGO BROADCOM INC | Technology | 3.2K | $996K | 0.3% | -0.5% |
| GOOGL ALPHABET INC-CL A | Technology | 3.3K | $941K | 0.3% | -5.9% |
| WMT WALMART INC | Consumer discretionary | 6.0K | $744K | 0.2% | -0.8% |
| PLTR PALANTIR TECHNOLOGIES INC-A | Technology | 4.4K | $651K | 0.2% | -54.3% |
| ROK ROCKWELL AUTOMATION INC | Other | 1.7K | $596K | 0.2% | Held |
| LMND LEMONADE INC | Financials | 9.2K | $577K | 0.2% | +10.8% |
| NFLX NETFLIX INC | Services media | 6.0K | $576K | 0.2% | New |
| BMO BANK OF MONTREAL | Financials | 4.0K | $541K | 0.2% | Held |
| ANET ARISTA NETWORKS INC | Technology | 4.3K | $533K | 0.2% | +29.1% |
| TT TRANE TECHNOLOGIES PLC | Technology | 1.0K | $420K | 0.1% | -1.1% |
| JNJ JOHNSON & JOHNSON | Healthcare | 1.7K | $407K | 0.1% | -7.1% |
| NEE NEXTERA ENERGY INC | Utilities | 4.3K | $402K | 0.1% | -3.5% |
| MA MASTERCARD INC - A | Services media | 788 | $394K | 0.1% | -14.3% |
| HD HOME DEPOT INC | Consumer discretionary | 1.2K | $380K | 0.1% | -7.4% |
| ABBV ABBVIE INC | Healthcare | 1.7K | $377K | 0.1% | -6.4% |
| MCD MCDONALD'S CORP | Consumer discretionary | 1.2K | $367K | 0.1% | -4.7% |
| COIN COINBASE GLOBAL INC -CLASS A | Financials | 2.1K | $367K | 0.1% | +81.9% |
| RTX RTX CORP | Industrials | 1.7K | $330K | 0.1% | -0.2% |
| VRT VERTIV HOLDINGS CO-A | Technology | 1.2K | $303K | 0.1% | New |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 17, 2026 | 111 | $320.7M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 23, 2026 | 115 | $333.4M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 21, 2025 | 112 | $316.4M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 23, 2025 | 105 | $274.7M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 10, 2025 | 111 | $250.1M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 22, 2025 | 112 | $256.4M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 15, 2024 | 113 | $250.7M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 30, 2024 | 118 | $235.1M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 7, 2024 | 123 | $225.8M | canonical | SEC ↗ |