13F HOLDINGS REPORT
Nearwater Capital Markets, Ltd
Quarter ended Q3 2025 · Filed November 13, 2025 · Accession 0001915842-25-000021
Total Value
$7.48B
Positions
144
Other Managers
0
Confidential Omitted
No
Holdings (144)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | ISHARES CORE S&P 500 ETF | 464287200 | 1,250,000 | $836.6M | 11.19% |
| 2 | NVIDIA ORD | NVDA | 4,130,200 | $770.6M | 10.30% |
| 3 | MICROSOFT ORD | MSFT | 938,675 | $486.2M | 6.50% |
| 4 | APPLE ORD | AAPL | 1,368,900 | $348.6M | 4.66% |
| 5 | BROADCOM ORD | AVGO | 844,000 | $278.4M | 3.72% |
| 6 | ALPHABET CL A ORD | GOOG | 998,000 | $242.6M | 3.24% |
| 7 | GOLDMAN SACHS GROUP ORD | GSCE | 264,015 | $210.2M | 2.81% |
| 8 | META PLATFORMS CL A ORD | META | 231,000 | $169.6M | 2.27% |
| 9 | PALANTIR TECHNOLOGIES CL A ORD | PLTR | 890,388 | $162.4M | 2.17% |
| 10 | AMAZON COM ORD | AMZN | 703,300 | $154.4M | 2.06% |
| 11 | TESLA ORD | TSLA | 340,000 | $151.2M | 2.02% |
| 12 | MORGAN STANLEY ORD | MS-PQ | 916,809 | $145.7M | 1.95% |
| 13 | ALPHABET CL C ORD | GOOG | 566,500 | $138.0M | 1.84% |
| 14 | BANK OF AMERICA ORD | 060505104 | 2,650,000 | $136.7M | 1.83% |
| 15 | CHARLES SCHWAB ORD | SCHW-PJ | 1,424,879 | $136.0M | 1.82% |
| 16 | FISERV ORD | FISV | 995,000 | $128.3M | 1.72% |
| 17 | ROYAL BANK OF CANADA ORD | 780087102 | 738,000 | $108.8M | 1.45% |
| 18 | ADVANCED MICRO DEVICES ORD | AMD | 640,000 | $103.5M | 1.38% |
| 19 | BERKSHIRE HATHAWAY CL B ORD | BRK-A | 184,800 | $92.9M | 1.24% |
| 20 | VANECK JUNIOR GOLD MINERS ETF | 92189F791 | 860,000 | $85.2M | 1.14% |
| 21 | JM SMUCKER ORD | 832696405 | 680,000 | $73.8M | 0.99% |
| 22 | HOME DEPOT ORD | HD | 172,600 | $69.9M | 0.94% |
| 23 | BOOKING HOLDINGS ORD | BKNG | 12,600 | $68.0M | 0.91% |
| 24 | WALMART ORD | WMT | 649,100 | $66.9M | 0.89% |
| 25 | CDN NATURAL RESOURCE ORD | 136385101 | 2,045,000 | $65.5M | 0.88% |
| 26 | GILEAD SCIENCES ORD | GILD | 590,000 | $65.5M | 0.88% |
| 27 | BANK OF MONTREAL ORD | 063671101 | 485,000 | $63.2M | 0.84% |
| 28 | MANULIFE FINANCIAL ORD | 56501R106 | 1,900,000 | $59.2M | 0.79% |
| 29 | MICRON TECHNOLOGY ORD | MU | 341,000 | $57.1M | 0.76% |
| 30 | MASTERCARD CL A ORD | MA | 100,000 | $56.9M | 0.76% |
| 31 | JPMORGAN CHASE ORD | VYLD | 170,000 | $53.6M | 0.72% |
| 32 | LAM RESEARCH ORD | LRCX | 390,400 | $52.3M | 0.70% |
| 33 | SOUTHWEST AIRLINES ORD | 844741108 | 1,600,000 | $51.1M | 0.68% |
| 34 | HONEYWELL INTERNATIONAL ORD | 438516106 | 238,700 | $50.2M | 0.67% |
| 35 | COSTCO WHOLESALE ORD | 22160K105 | 53,300 | $49.3M | 0.66% |
| 36 | WALT DISNEY ORD | 254687106 | 383,200 | $43.9M | 0.59% |
| 37 | MCDONALD'S ORD | MCD | 133,000 | $40.4M | 0.54% |
| 38 | ISHARES BITCOIN ETF | IBIT | 600,000 | $39.0M | 0.52% |
| 39 | ISHARES CHINA LARGE CAP ETF | 464287184 | 940,000 | $38.7M | 0.52% |
| 40 | WORKDAY CL A ORD | WDAY | 150,000 | $36.1M | 0.48% |
| 41 | ELI LILLY ORD | LLY | 46,800 | $35.7M | 0.48% |
| 42 | ADOBE ORD | ADBE | 100,000 | $35.3M | 0.47% |
| 43 | CREDO TECHNOLOGY GROUP HOLDING ORD | CRDO | 240,100 | $35.0M | 0.47% |
| 44 | CISCO SYSTEMS ORD | CSCO | 502,600 | $34.4M | 0.46% |
| 45 | PROGRESSIVE ORD | 743315103 | 135,000 | $33.3M | 0.45% |
| 46 | MEDTRONIC ORD | MDT | 350,000 | $33.3M | 0.45% |
| 47 | JOHNSON & JOHNSON ORD | JNJ | 179,300 | $33.2M | 0.44% |
| 48 | LOCKHEED MARTIN ORD | LMT | 65,000 | $32.4M | 0.43% |
| 49 | WELLS FARGO ORD | 949746101 | 360,000 | $30.2M | 0.40% |
| 50 | SUN LIFE FINANCIAL ORD | SUNFF | 490,000 | $29.4M | 0.39% |
| 51 | CROWDSTRIKE HOLDINGS CL A ORD | CRWD | 60,000 | $29.4M | 0.39% |
| 52 | ABBVIE ORD | ABBV | 125,000 | $28.9M | 0.39% |
| 53 | INSMED ORD | INSM | 200,000 | $28.8M | 0.39% |
| 54 | PHILIP MORRIS INTERNATIONAL ORD | 718172109 | 175,400 | $28.4M | 0.38% |
| 55 | UNITEDHEALTH GRP ORD | UNH | 79,000 | $27.3M | 0.36% |
| 56 | CITIGROUP ORD | C-PR | 265,000 | $26.9M | 0.36% |
| 57 | SALESFORCE ORD | CRM | 111,200 | $26.4M | 0.35% |
| 58 | UNION PACIFIC ORD | UNP | 100,000 | $23.6M | 0.32% |
| 59 | INTUIT ORD | INTU | 33,600 | $22.9M | 0.31% |
| 60 | GE AEROSPACE ORD | 369604301 | 73,800 | $22.2M | 0.30% |
| 61 | UBER TECHNOLOGIES ORD | UBER | 220,000 | $21.6M | 0.29% |
| 62 | SERVICENOW ORD | NOW | 23,000 | $21.2M | 0.28% |
| 63 | FORTIS ORD | FTRSF | 387,000 | $19.6M | 0.26% |
| 64 | INTERNATIONAL BUSINESS MACHINES ORD | INTR | 69,300 | $19.6M | 0.26% |
| 65 | COCA-COLA ORD | KO | 287,300 | $19.1M | 0.25% |
| 66 | TJX ORD | 872540109 | 130,000 | $18.8M | 0.25% |
| 67 | APPLIED MATERIAL ORD | 038222105 | 86,500 | $17.7M | 0.24% |
| 68 | SIX FLAGS ENTERTAINMENT ORD | FUN | 755,500 | $17.2M | 0.23% |
| 69 | MINERALYS THERAPEUTICS ORD | MLYS | 450,000 | $17.1M | 0.23% |
| 70 | PEPSICO ORD | PEP | 120,000 | $16.9M | 0.23% |
| 71 | H WORLD GROUP ADR | HWLDF | 428,800 | $16.8M | 0.22% |
| 72 | RTX ORD | RTX | 100,000 | $16.7M | 0.22% |
| 73 | PROCTER & GAMBLE ORD | 742718109 | 108,900 | $16.7M | 0.22% |
| 74 | ARISTA NETWORKS ORD | ANET | 112,600 | $16.4M | 0.22% |
| 75 | TEXAS INSTRUMENTS ORD | 882508104 | 89,000 | $16.4M | 0.22% |
| 76 | CHEVRON ORD | CVX | 104,559 | $16.2M | 0.22% |
| 77 | MERCK & CO ORD | MRK | 185,600 | $15.6M | 0.21% |
| 78 | SPHERE ENTERTAINMENT CL A ORD | SPHR | 250,000 | $15.5M | 0.21% |
| 79 | LINDE ORD | LIN | 32,400 | $15.4M | 0.21% |
| 80 | KLA ORD | KLAC | 14,000 | $15.1M | 0.20% |
| 81 | AT&T ORD | T-PC | 531,300 | $15.0M | 0.20% |
| 82 | ANALOG DEVICES ORD | ADI | 60,000 | $14.7M | 0.20% |
| 83 | APPLOVIN CL A ORD | APP | 19,700 | $14.2M | 0.19% |
| 84 | KANZHUN ADR REP 2 ORD | BZ | 600,000 | $14.0M | 0.19% |
| 85 | NEXTERA ENERGY ORD | NEE-PW | 185,200 | $14.0M | 0.19% |
| 86 | THERMO FISHER SCIENTIFIC ORD | TMO | 27,900 | $13.5M | 0.18% |
| 87 | AGNICO EAGLE ORD | AEM | 80,000 | $13.5M | 0.18% |
| 88 | CHEWY CL A ORD | CHWY | 315,000 | $12.7M | 0.17% |
| 89 | ORACLE ORD | ORCL-PD | 45,000 | $12.7M | 0.17% |
| 90 | INTUITIVE SURGICAL ORD | ISRG | 27,579 | $12.3M | 0.16% |
| 91 | COLGATE PALMOLIVE ORD | CL | 152,000 | $12.2M | 0.16% |
| 92 | RAYMOND JAMES ORD | 754730109 | 70,000 | $12.1M | 0.16% |
| 93 | AUTODESK ORD | ADSK | 38,000 | $12.1M | 0.16% |
| 94 | SEA ADS REP CL A ORD | SE | 67,500 | $12.1M | 0.16% |
| 95 | PACKAGING CORP OF AMERICA ORD | 695156109 | 55,000 | $12.0M | 0.16% |
| 96 | PROLOGIS REIT | PLDGP | 100,000 | $11.5M | 0.15% |
| 97 | NXP SEMICONDUCTORS ORD | NXPI | 50,000 | $11.4M | 0.15% |
| 98 | AFLAC ORD | AFL | 100,000 | $11.2M | 0.15% |
| 99 | CHENIERE ENERGY ORD | LNG | 47,000 | $11.0M | 0.15% |
| 100 | PDD HOLDINGS ADS | PDD | 83,100 | $11.0M | 0.15% |
| 101 | GE VERNOVA ORD | GEV | 17,700 | $10.9M | 0.15% |
| 102 | 3M ORD | MMM | 70,000 | $10.9M | 0.15% |
| 103 | CEMEX ADR REP 10 PAR CRTFCT | CXMSF | 1,189,900 | $10.7M | 0.14% |
| 104 | WW GRAINGER ORD | 384802104 | 11,000 | $10.5M | 0.14% |
| 105 | PNC FINANCIAL SERVICES GROUP ORD | 693475105 | 50,000 | $10.0M | 0.13% |
| 106 | ISHARES 20 PLS YEAR TREASURY BND ETF | 464287432 | 110,000 | $9.8M | 0.13% |
| 107 | LULULEMON ATHLETICA ORD | LULU | 55,000 | $9.8M | 0.13% |
| 108 | BOX CL A ORD | BXCAP | 300,000 | $9.7M | 0.13% |
| 109 | EXXON MOBIL ORD | XOM | 85,000 | $9.6M | 0.13% |
| 110 | CONOCOPHILLIPS ORD | COP | 100,000 | $9.5M | 0.13% |
| 111 | AUTOMATIC DATA PROCESSING ORD | ADP | 32,000 | $9.4M | 0.13% |
| 112 | TRUIST FINANCIAL ORD | 89832Q109 | 200,000 | $9.1M | 0.12% |
| 113 | WELLTOWER ORD | WELL | 50,000 | $8.9M | 0.12% |
| 114 | AMERICAN EXPRESS ORD | AXP | 25,500 | $8.5M | 0.11% |
| 115 | QUALCOMM ORD | QCOM | 50,000 | $8.3M | 0.11% |
| 116 | DOMINOS PIZZA ORD | DPZ | 19,000 | $8.2M | 0.11% |
| 117 | NVR ORD | NVR | 1,000 | $8.0M | 0.11% |
| 118 | TAL EDUCATION GRP 3 ADR REP CL A ORD | TAL | 700,000 | $7.8M | 0.10% |
| 119 | EQUINIX REIT ORD | EQIX | 10,000 | $7.8M | 0.10% |
| 120 | JOHNSON CONTROLS INTERNATIONAL ORD | G51502105 | 70,000 | $7.7M | 0.10% |
| 121 | FREEPORT MCMORAN ORD | FCX | 190,000 | $7.5M | 0.10% |
| 122 | ESCO TECHNOLOGIES ORD | ESE | 34,600 | $7.3M | 0.10% |
| 123 | QFIN HOLDINGS ADR | QFNHF | 250,000 | $7.2M | 0.10% |
| 124 | BLACKROCK ORD | BLK | 6,000 | $7.0M | 0.09% |
| 125 | MOOG CL A ORD | MOG-B | 33,500 | $7.0M | 0.09% |
| 126 | EXPONENT ORD | EXPO | 95,300 | $6.6M | 0.09% |
| 127 | HYDRO ONE ORD | HYNLY | 175,000 | $6.2M | 0.08% |
| 128 | LANTHEUS HOLDINGS ORD | LNTH | 119,600 | $6.1M | 0.08% |
| 129 | ICICI BANK ADR REP 2 ORD | IBN | 180,300 | $5.5M | 0.07% |
| 130 | TECK RESOURCES CL B ORD | TCKRF | 100,000 | $4.4M | 0.06% |
| 131 | ABBOTT LABORATORIES ORD | ABLZF | 31,900 | $4.3M | 0.06% |
| 132 | PIMCO 25YR ZERO CUPN US TRS INDX ETF | 72201R882 | 62,700 | $4.3M | 0.06% |
| 133 | TRAVELERS COMPANIES ORD | TRV | 15,000 | $4.2M | 0.06% |
| 134 | S&P GLOBAL ORD | SPGI | 8,400 | $4.1M | 0.05% |
| 135 | VANGUARD TOTAL BOND MARKET ETF | 921937835 | 54,400 | $4.0M | 0.05% |
| 136 | SIRIUSPOINT ORD | SPNT | 199,200 | $3.6M | 0.05% |
| 137 | HAMILTON INSURANCE GROUP CL B ORD | HG | 120,100 | $3.0M | 0.04% |
| 138 | ACADIAN ASSET MANAGEMENT ORD | AAMI | 60,000 | $2.9M | 0.04% |
| 139 | JOYY ADR | JOYY | 45,500 | $2.7M | 0.04% |
| 140 | CNO FINANCIAL GROUP ORD | 12621E103 | 59,300 | $2.3M | 0.03% |
| 141 | HOME BANCSHARES ORD | HOMB | 81,800 | $2.3M | 0.03% |
| 142 | VIRTUS INVESTMENT PARTNERS ORD | 92828Q109 | 11,400 | $2.2M | 0.03% |
| 143 | CATERPILLAR ORD | CAT | 4,000 | $1.9M | 0.03% |
| 144 | INDIVIOR ORD | INDV | 60,000 | $1.4M | 0.02% |