Institutional Manager · CIK 0001964171
DEEPWATER ASSET MANAGEMENT, LLC
Minneapolis, MN · File #028-22806
Latest AUM
$343.3M
Positions
46
Top-10 Concentration
43.7%
Filings
9
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 |
|---|---|---|---|---|---|
| REDUCE | MICRON TECHNOLOGY INC | MU | -76,772 | -$21.9M | +$9.9M |
| NEW | REDDIT INC | RDDT | +70,153 | +$16.1M | $0 |
| NEW | ATLASSIAN CORPORATION | TEAM | +91,162 | +$14.8M | $0 |
| NEW | INTUITIVE SURGICAL INC | ISRG | +25,210 | +$14.3M | $0 |
| EXITED | CONFLUENT INC | 20717MAB9 | -639,654 | -$12.7M | $0 |
| NEW | CONFLUENT INC | 20717M103 | +410,221 | +$12.4M | $0 |
| EXITED | CLEARWATER ANALYTICS HLDGS I | 185123106 | -680,652 | -$12.3M | $0 |
| EXITED | ACV AUCTIONS INC | 00091G104 | -1,040,836 | -$10.3M | $0 |
| REDUCE | VERTIV HOLDINGS CO | VRT | -59,534 | -$9.6M | +$1.0M |
| REDUCE | ASML HOLDING N V | ASMLF | -8,829 | -$9.4M | +$1.3M |
Sector Allocation
Filing History
- 13F HOLDINGS REPORTQ/E Dec 202546 pos · $343.3M
- 13F HOLDINGS REPORTQ/E Sep 202531 pos · $251.3M
- 13F HOLDINGS REPORTQ/E Jun 202520 pos · $252.6M
- 13F HOLDINGS REPORTQ/E Mar 202521 pos · $236.3M
- 13F HOLDINGS REPORTQ/E Dec 202423 pos · $306.4M
- 13F HOLDINGS REPORTQ/E Sep 202423 pos · $284.8M
- 13F HOLDINGS REPORTQ/E Jun 202423 pos · $275.3M
- 13F HOLDINGS REPORTQ/E Mar 202426 pos · $265.5M
- 13F HOLDINGS REPORTQ/E Dec 202331 pos · $217.9M
Top 20 Holdings — Dec 2025
| # | Issuer | Ticker | Shares | Value | % of Portfolio |
|---|---|---|---|---|---|
| 1 | NU HLDGS LTD | NU | 997,890 | $16.7M | 4.87% |
| 2 | APPLOVIN CORP | APP | 24,707 | $16.6M | 4.85% |
| 3 | REDDIT INC | RDDT | 70,153 | $16.1M | 4.70% |
| 4 | MERCADOLIBRE INC | MELI | 7,765 | $15.6M | 4.56% |
| 5 | GLOBAL E ONLINE LTD | GLBE | 392,063 | $15.4M | 4.49% |
| 6 | UBER TECHNOLOGIES INC | UBER | 181,566 | $14.8M | 4.32% |
| 7 | ATLASSIAN CORPORATION | TEAM | 91,162 | $14.8M | 4.31% |
| 8 | INTUITIVE SURGICAL INC | ISRG | 25,210 | $14.3M | 4.16% |
| 9 | SHIFT4 PMTS INC | 82452J109 | 206,217 | $13.0M | 3.78% |
| 10 | RUBRIK INC. | RBRK | 163,700 | $12.5M | 3.65% |
| 11 | CONFLUENT INC | 20717M103 | 410,221 | $12.4M | 3.61% |
| 12 | CARVANA CO | CVNA | 26,879 | $11.3M | 3.30% |
| 13 | META PLATFORMS INC | META | 16,675 | $11.0M | 3.21% |
| 14 | DUTCH BROS INC | BROS | 179,106 | $11.0M | 3.19% |
| 15 | FRESHPET INC | FRPT | 158,792 | $9.7M | 2.82% |
| 16 | WORKDAY INC | WDAY | 43,483 | $9.3M | 2.72% |
| 17 | NATERA INC | NTRA | 39,645 | $9.1M | 2.65% |
| 18 | FIRST WATCH RESTAURANT GROUP | FWRG | 576,166 | $8.7M | 2.53% |
| 19 | ASTERA LABS INC | ALAB | 51,428 | $8.6M | 2.49% |
| 20 | AEROVIRONMENT INC | AVAV | 28,885 | $7.0M | 2.04% |