13F HOLDINGS REPORT
Watershed Asset Management, L.L.C.
Quarter ended Q4 2025 · Filed February 17, 2026 · Accession 0000935836-26-000095
Total Value
$107.1M
Positions
118
Other Managers
0
Confidential Omitted
No
Holdings (118)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | DIREXION SHS ETF TR | 25459Y207 | 116,700 | $11.9M | 11.15% |
| 2 | VANGUARD INTL EQUITY INDEX F | 922042775 | 75,739 | $5.6M | 5.20% |
| 3 | VISA INC | V | 15,500 | $5.4M | 5.08% |
| 4 | MICROSOFT CORP | MSFT | 9,300 | $4.5M | 4.20% |
| 5 | ISHARES INC | 464286822 | 53,500 | $3.7M | 3.46% |
| 6 | DUTCH BROS INC | BROS | 57,200 | $3.5M | 3.27% |
| 7 | S&P GLOBAL INC | SPGI | 6,200 | $3.2M | 3.03% |
| 8 | THERMO FISHER SCIENTIFIC INC | TMO | 5,400 | $3.1M | 2.92% |
| 9 | MONDAY COM LTD | MNDY | 20,750 | $3.1M | 2.86% |
| 10 | MERCADOLIBRE INC | MELI | 1,515 | $3.1M | 2.85% |
| 11 | WESTERN DIGITAL CORP | WDC | 17,400 | $3.0M | 2.80% |
| 12 | ISHARES TR | 46429B598 | 50,000 | $2.7M | 2.52% |
| 13 | SEA LTD | SE | 19,480 | $2.5M | 2.32% |
| 14 | META PLATFORMS INC | META | 3,447 | $2.3M | 2.12% |
| 15 | GITLAB INC | GTLB | 54,000 | $2.0M | 1.89% |
| 16 | RAYONIER INC | RYN | 84,135 | $1.8M | 1.70% |
| 17 | LUMENTUM HLDGS INC | LITE | 4,000 | $1.5M | 1.38% |
| 18 | WARBY PARKER INC | WRBY | 44,000 | $958,760 | 0.90% |
| 19 | PHINIA INC | PHIN | 8,303 | $520,515 | 0.49% |
| 20 | PERDOCEO ED CORP | PRDO | 17,163 | $503,391 | 0.47% |
| 21 | CHEESECAKE FACTORY INC | CAKE | 9,944 | $501,973 | 0.47% |
| 22 | EL POLLO LOCO HLDGS INC | LOCO | 47,097 | $492,635 | 0.46% |
| 23 | ZUMIEZ INC | ZUMZ | 18,717 | $487,578 | 0.46% |
| 24 | ACCEL ENTERTAINMENT INC | ACEL | 42,535 | $485,324 | 0.45% |
| 25 | SIGNET JEWELERS LIMITED | SIG | 5,839 | $483,936 | 0.45% |
| 26 | EURONET WORLDWIDE INC | EEFT | 6,250 | $475,688 | 0.44% |
| 27 | AKAMAI TECHNOLOGIES INC | AKAM | 5,428 | $473,593 | 0.44% |
| 28 | MICRON TECHNOLOGY INC | MU | 1,659 | $473,495 | 0.44% |
| 29 | QUALCOMM INC | QCOM | 2,740 | $468,677 | 0.44% |
| 30 | BELDEN INC | BDC | 4,021 | $468,648 | 0.44% |
| 31 | VONTIER CORPORATION | VNT | 12,529 | $465,828 | 0.44% |
| 32 | VIEMED HEALTHCARE INC | VMD | 62,653 | $465,512 | 0.43% |
| 33 | TRAVEL PLUS LEISURE CO | 894164102 | 6,585 | $464,440 | 0.43% |
| 34 | PROGRESS SOFTWARE CORP | 743312100 | 10,801 | $464,011 | 0.43% |
| 35 | GEN DIGITAL INC | GENVR | 17,062 | $463,916 | 0.43% |
| 36 | MKS INC. | MKSI | 2,902 | $463,740 | 0.43% |
| 37 | RYDER SYS INC | R | 2,421 | $463,355 | 0.43% |
| 38 | EVERQUOTE INC | EVER | 17,129 | $462,483 | 0.43% |
| 39 | EPLUS INC | PLUS | 5,271 | $462,267 | 0.43% |
| 40 | INNOVIVA INC | INVA | 23,123 | $462,229 | 0.43% |
| 41 | CATALYST PHARMACEUTICALS INC | CPRX | 19,712 | $460,078 | 0.43% |
| 42 | TASKUS INC | TASK | 38,833 | $457,841 | 0.43% |
| 43 | THE CIGNA GROUP | 125523100 | 1,659 | $456,607 | 0.43% |
| 44 | SEABOARD CORP DEL | SE | 102 | $453,372 | 0.42% |
| 45 | ZIFF DAVIS INC | ZD | 12,883 | $452,837 | 0.42% |
| 46 | HNI CORP | HNI | 10,736 | $451,341 | 0.42% |
| 47 | CIRRUS LOGIC INC | CRUS | 3,802 | $450,537 | 0.42% |
| 48 | AMKOR TECHNOLOGY INC | AMKR | 11,402 | $450,151 | 0.42% |
| 49 | KROGER CO | KR | 7,202 | $449,981 | 0.42% |
| 50 | ARROW ELECTRS INC | 042735100 | 4,083 | $449,865 | 0.42% |
| 51 | FOX CORP | FOX | 6,148 | $449,234 | 0.42% |
| 52 | DELL TECHNOLOGIES INC | DELL | 3,564 | $448,636 | 0.42% |
| 53 | ZOOM COMMUNICATIONS INC | ZM | 5,192 | $448,018 | 0.42% |
| 54 | TENET HEALTHCARE CORP | THC | 2,247 | $446,524 | 0.42% |
| 55 | FIDELITY NATL INFORMATION SV | 31620M106 | 6,713 | $446,146 | 0.42% |
| 56 | CRANE NXT CO | CXT | 9,471 | $445,800 | 0.42% |
| 57 | COLLEGIUM PHARMACEUTICAL INC | COLL | 9,623 | $445,545 | 0.42% |
| 58 | YELP INC | YELP | 14,630 | $444,606 | 0.42% |
| 59 | CONCENTRA GROUP HOLDINGS PAR | CON | 22,585 | $444,473 | 0.42% |
| 60 | VERIZON COMMUNICATIONS INC | VZ | 10,902 | $444,038 | 0.41% |
| 61 | DIEBOLD NIXDORF INC | DBD | 6,535 | $443,661 | 0.41% |
| 62 | AVNET INC | AVT | 9,226 | $443,586 | 0.41% |
| 63 | MERCK & CO INC | MRK | 4,214 | $443,566 | 0.41% |
| 64 | INTERFACE INC | TILE | 15,879 | $443,342 | 0.41% |
| 65 | TD SYNNEX CORPORATION | SNX | 2,945 | $442,427 | 0.41% |
| 66 | VERISIGN INC | VRSN | 1,819 | $441,926 | 0.41% |
| 67 | DISNEY WALT CO | 254687106 | 3,880 | $441,428 | 0.41% |
| 68 | OMNICOM GROUP INC | OMC | 5,460 | $440,895 | 0.41% |
| 69 | DOLLAR GEN CORP NEW | 256677105 | 3,308 | $439,203 | 0.41% |
| 70 | COGNIZANT TECHNOLOGY SOLUTIO | CTSH | 5,290 | $439,070 | 0.41% |
| 71 | NETAPP INC | NTAP | 4,099 | $438,962 | 0.41% |
| 72 | PENGUIN SOLUTIONS INC | PENG | 22,415 | $438,437 | 0.41% |
| 73 | SKYWEST INC | SKYW | 4,365 | $438,290 | 0.41% |
| 74 | CORPAY INC | CPAY | 1,455 | $437,853 | 0.41% |
| 75 | CITIGROUP INC | C-PR | 3,744 | $436,887 | 0.41% |
| 76 | KEARNY FINL CORP MD | BEKE | 58,916 | $436,568 | 0.41% |
| 77 | SUN CTRY AIRLS HLDGS INC | 866683105 | 30,237 | $435,110 | 0.41% |
| 78 | JABIL INC | JBL | 1,908 | $435,062 | 0.41% |
| 79 | UNIVERSAL HLTH SVCS INC | 913903100 | 1,992 | $434,296 | 0.41% |
| 80 | SANFILIPPO JOHN B & SON INC | JBSS | 6,140 | $433,484 | 0.40% |
| 81 | CDW CORP | CDW | 3,182 | $433,388 | 0.40% |
| 82 | MATCH GROUP INC NEW | MTCH | 13,321 | $430,135 | 0.40% |
| 83 | HP INC | HPQ | 19,250 | $428,890 | 0.40% |
| 84 | ACM RESH INC | 00108J109 | 10,845 | $427,835 | 0.40% |
| 85 | INSTEEL INDS INC | 45774W108 | 13,501 | $427,577 | 0.40% |
| 86 | ZEBRA TECHNOLOGIES CORPORATI | ZBRA | 1,759 | $427,120 | 0.40% |
| 87 | APPLIED MATLS INC | 038222105 | 1,662 | $427,117 | 0.40% |
| 88 | BANC OF CALIFORNIA INC | BANC-PF | 22,096 | $426,232 | 0.40% |
| 89 | PAYPAL HLDGS INC | PYPL | 7,300 | $426,174 | 0.40% |
| 90 | F N B CORP | 302520101 | 24,888 | $425,585 | 0.40% |
| 91 | FIRST MID ILL BANCSHARES INC | 320866106 | 10,907 | $425,373 | 0.40% |
| 92 | WESBANCO INC | WSBCO | 12,739 | $423,444 | 0.40% |
| 93 | FIRST BUSEY CORP | BUSEP | 17,770 | $422,748 | 0.39% |
| 94 | HARMONY BIOSCIENCES HLDGS IN | HRMY | 11,285 | $422,285 | 0.39% |
| 95 | DIODES INC | DIOD | 8,551 | $421,906 | 0.39% |
| 96 | PLEXUS CORP | PLXS | 2,841 | $417,627 | 0.39% |
| 97 | PROSPERITY BANCSHARES INC | PB | 5,966 | $412,310 | 0.39% |
| 98 | KORN FERRY | KFY | 6,229 | $411,239 | 0.38% |
| 99 | AT&T INC | T-PC | 16,472 | $409,164 | 0.38% |
| 100 | BOYD GAMING CORP | BYD | 4,766 | $406,254 | 0.38% |
| 101 | FLEX LTD | FLEX | 6,709 | $405,358 | 0.38% |
| 102 | CAPITOL FED FINL INC | 14057J101 | 59,415 | $404,616 | 0.38% |
| 103 | VALLEY NATL BANCORP | 919794107 | 34,619 | $404,350 | 0.38% |
| 104 | RENASANT CORP | RNST | 11,430 | $402,565 | 0.38% |
| 105 | HOPE BANCORP INC | HOPE | 36,654 | $401,728 | 0.38% |
| 106 | BEACON FINANCIAL CORP. | BBT | 15,229 | $401,589 | 0.38% |
| 107 | ADT INC DEL | ADT | 49,250 | $397,448 | 0.37% |
| 108 | CONNECTONE BANCORP INC | CNOBP | 15,114 | $396,289 | 0.37% |
| 109 | T-MOBILE US INC | TMUSZ | 1,937 | $393,288 | 0.37% |
| 110 | CAL MAINE FOODS INC | CALM | 4,914 | $391,007 | 0.37% |
| 111 | INTERDIGITAL INC | IDCC | 1,219 | $388,105 | 0.36% |
| 112 | FLUSHING FINL CORP | 343873105 | 25,570 | $387,897 | 0.36% |
| 113 | TAPESTRY INC | TPR | 3,000 | $383,310 | 0.36% |
| 114 | OGE ENERGY CORP | OGE | 8,135 | $347,365 | 0.32% |
| 115 | PORTLAND GEN ELEC CO | 736508847 | 7,176 | $344,376 | 0.32% |
| 116 | NATIONAL FUEL GAS CO | NFG | 4,228 | $338,494 | 0.32% |
| 117 | CONCENTRIX CORP | CNXC | 7,432 | $309,023 | 0.29% |
| 118 | LIFEVANTAGE CORP | LFVN | 600 | $3,696 | 0.00% |