Institutional Manager · CIK 0001730942

Waterloo Capital, L.P.

Austin, TX · File #028-20294

Latest AUM

$1.39B

Positions

456

Top-10 Concentration

42.8%

Filings

Portfolio Value Over Time

2024-03

2024-06

2024-09

2024-12

2025-03

2025-06

2025-09

2025-12

Biggest QoQ Changes

Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.

Action	Issuer	Ticker / CUSIP	Δ Shares	Flow ($)	Price Effect
NEW	FIDELITY ENHANCED INTERNATIONAL ETF	31609A404	+681,466	+$24.9M	$0
REDUCE	ISHARES CORE MSCI EAFE ETF	46432F842	-150,945	-$13.5M	+$577,104
REDUCE	VANGUARD FTSE DEVELOPED MARKETS ETF	921943858	-182,316	-$11.4M	+$1.2M
NEW	ISHARES MSCI EMERGING MARKETS EX CHINA ETF	46434G764	+83,305	+$6.1M	$0
EXITED	DIMENSIONAL US HIGH PROFITABILITY ETF	25434V831	-126,007	-$4.8M	$0
ADD	VANGUARD S&P 500 ETF	922908363	+6,504	+$4.1M	+$376,912
REDUCE	ACCESS TREASURY 0-1 YEAR ETF	NVGLF	-38,331	-$3.8M	-$67,067
NEW	VANGUARD RUSSELL 2000 ETF	92206C664	+37,240	+$3.7M	$0
REDUCE	APTUS COLLARED INVESTMENT OPPORTUNITY ETF	26922A222	-81,766	-$3.6M	+$227,117
ADD	WALMART INC COM	WMT	+30,986	+$3.5M	+$3.4M

Sector Allocation

10.1%$140.2M

7.5%$103.9M

4.8%$66.0M

2.9%$40.6M

Consumer Discretionary

2.6%$36.4M

Industrials

2.1%$29.8M

Real Estate

1.6%$21.6M

Energy

1.2%$16.1M

Communication Services

1.1%$15.6M

Utilities

1.0%$14.5M

Materials

0.7%$9.3M

Filing History

Feb 10, 202613F HOLDINGS REPORTQ/E Dec 2025456 pos · $1.39B
Nov 5, 202513F HOLDINGS REPORTQ/E Sep 2025455 pos · $1.34B
Aug 12, 202513F HOLDINGS REPORTQ/E Jun 2025457 pos · $1.24B
May 12, 202513F HOLDINGS REPORTQ/E Mar 2025390 pos · $1.08B
Feb 13, 202513F HOLDINGS REPORTQ/E Dec 2024363 pos · $948.9M
Nov 14, 202413F HOLDINGS REPORTQ/E Sep 2024354 pos · $916.3M
Aug 12, 202413F HOLDINGS REPORTQ/E Jun 2024347 pos · $833.3M
May 14, 202413F HOLDINGS REPORTQ/E Mar 2024361 pos · $782.8M
Nov 14, 202313F HOLDINGS REPORTQ/E Dec 2023181 pos · $340.8M

Top 20 Holdings — Dec 2025

#	Issuer	Ticker	Shares	Value	% of Portfolio
1	ISHARES S&P 500 INDEX	464287200	78,692	$53.9M	6.32%
2	WALMART INC COM	WMT	434,730	$48.4M	5.68%
3	STATE STREET SPDR PORTFOLIO S&P 500 GROWTH ETF	78464A409	394,930	$42.1M	4.94%
4	APPLE INC	AAPL	139,654	$38.0M	4.45%
5	APTUS COLLARED INVESTMENT OPPORTUNITY ETF	26922A222	759,401	$33.2M	3.89%
6	INVESCO NASDAQ 100 ETF	IVZ	127,017	$32.1M	3.77%
7	ISHARES RUSSELL 1000 VALUE ETF	464287598	151,923	$32.0M	3.75%
8	NVIDIA CORP	NVDA	170,471	$31.8M	3.73%
9	INVESCO S&P 500 EQUAL WEIGHT ETF	IVZ	149,865	$28.7M	3.37%
10	FIDELITY ENHANCED INTERNATIONAL ETF	31609A404	681,466	$24.9M	2.92%
11	APTUS INTERNATIONAL ENHANCED YIELD	26922B709	976,956	$23.8M	2.79%
12	MICROSOFT	MSFT	45,770	$22.1M	2.60%
13	JPMORGAN CORE PLUS BOND ETF	46641Q670	452,260	$21.4M	2.51%
14	VANGUARD S&P 500 ETF	922908363	32,082	$20.1M	2.36%
15	APTUS DEFINED RISK ETF	26922A388	679,415	$19.3M	2.27%
16	ACCESS TREASURY 0-1 YEAR ETF	NVGLF	192,862	$19.3M	2.26%
17	VANGUARD FTSE DEVELOPED MARKETS ETF	921943858	303,188	$18.9M	2.22%
18	ISHARES CORE MSCI EMERGING MARKETS ETF	46434G103	274,102	$18.4M	2.16%
19	OPUS SMALL CAP VALUE ETF	26922A446	468,437	$17.3M	2.03%
20	BROADCOM INC COM	AVGO	48,400	$16.8M	1.96%