Institutional Manager · CIK 0001915842
Nearwater Capital Markets, Ltd
NEW YORK, NY · File #028-25109
Latest AUM
$5.85B
Positions
104
Top-10 Concentration
52.2%
Filings
5
Portfolio Value Over Time
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 |
|---|---|---|---|---|---|
| EXITED | ISHARES CORE S&P 500 ETF | 464287200 | -1,250,000 | -$836.6M | $0 |
| REDUCE | NVIDIA CORPORATION | NVDA | -2,268,200 | -$423.0M | -$330,416 |
| NEW | VANGUARD TAX-MANAGED FDS | 921943858 | +4,714,850 | +$294.5M | $0 |
| EXITED | GOLDMAN SACHS GROUP ORD | 38141G104 | -264,015 | -$210.2M | $0 |
| REDUCE | APPLE ORD | AAPL | -602,900 | -$163.9M | +$23.6M |
| EXITED | PALANTIR TECHNOLOGIES CL A ORD | 69608A108 | -890,388 | -$162.4M | $0 |
| EXITED | MORGAN STANLEY ORD | 617446448 | -916,809 | -$145.7M | $0 |
| EXITED | ALPHABET CL C ORD | 02079K107 | -566,500 | -$138.0M | $0 |
| NEW | MARVELL TECHNOLOGY INC | MRVL | +1,495,000 | +$127.0M | $0 |
| ADD | META PLATFORMS INC | META | +179,000 | +$118.2M | -$17.2M |
Sector Allocation
Filing History
- 13F HOLDINGS REPORTQ/E Dec 2025104 pos · $5.85B
- 13F HOLDINGS REPORTQ/E Sep 2025144 pos · $7.48B
- 13F HOLDINGS REPORTQ/E Jun 2025103 pos · $6.25B
- 13F HOLDINGS REPORTQ/E Mar 202589 pos · $3.51B
- 13F HOLDINGS REPORTQ/E Dec 202478 pos · $3.50B
Top 20 Holdings — Dec 2025
| # | Issuer | Ticker | Shares | Value | % of Portfolio |
|---|---|---|---|---|---|
| 1 | ALPHABET INC | GOOG | 1,309,000 | $409.7M | 7.82% |
| 2 | MICROSOFT CORP | MSFT | 741,000 | $358.4M | 6.84% |
| 3 | NVIDIA CORPORATION | NVDA | 1,862,000 | $347.3M | 6.63% |
| 4 | VANGUARD TAX-MANAGED FDS | 921943858 | 4,714,850 | $294.5M | 5.62% |
| 5 | BROADCOM INC | AVGO | 804,000 | $278.3M | 5.31% |
| 6 | META PLATFORMS INC | META | 410,000 | $270.6M | 5.16% |
| 7 | APPLE ORD | AAPL | 766,000 | $208.2M | 3.97% |
| 8 | MICRON TECHNOLOGY INC | MU | 690,000 | $196.9M | 3.76% |
| 9 | VANECK ETF TRUST | 92189F791 | 1,640,000 | $186.6M | 3.56% |
| 10 | WALMART INC | WMT | 1,661,000 | $185.1M | 3.53% |
| 11 | LAM RESEARCH CORP | LRCX | 820,000 | $140.4M | 2.68% |
| 12 | TESLA INC | TSLA | 285,500 | $128.4M | 2.45% |
| 13 | MARVELL TECHNOLOGY INC | MRVL | 1,495,000 | $127.0M | 2.42% |
| 14 | GILEAD SCIENCES INC | GILD | 1,013,000 | $124.3M | 2.37% |
| 15 | SOUTHWEST AIRLS CO | 844741108 | 2,800,000 | $115.7M | 2.21% |
| 16 | ISHARES TR | 464287184 | 2,785,000 | $106.6M | 2.03% |
| 17 | INSMED INC | INSM | 500,000 | $87.0M | 1.66% |
| 18 | BANK AMERICA CORP | 060505104 | 1,550,000 | $85.3M | 1.63% |
| 19 | VANGUARD INTL EQUITY INDEX FUND | 922042742 | 527,500 | $74.4M | 1.42% |
| 20 | SCHWAB CHARLES CORP | SCHW-PJ | 722,000 | $72.1M | 1.38% |