Aquatic Capital Management LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), Aquatic Capital Management LLC reported 1,221 stock positions worth $3.9 billion. Its top holding was Costco Wholesale (COST) at 1.7% of the portfolio, followed by Microsoft (MSFT, 1.5%) and Home Depot (HD, 1.2%). Compared with Q4 2024, it opened 412 new positions, sold out of 478, added to 472 and reduced 337. The biggest buy was a new position in Costco Wholesale (COST) and the biggest sale an exit from Booking (BKNG).
- Most Recent 13F
- Q2 2026
- Location
- CHICAGO, IL
- CIK
- 0001803916
- Portfolio Value
- $3.9B (Q1 2025)
- SEC Filing
- 0001803916-25-000008 ↗ filed May 15, 2025
Holdings Value
Holdings 1,221 stocks · $3.9B
| COST Costco Wholesale Corp. | 1.69% | 70,343 | $66.5M | New |
| MSFT Microsoft Corp. | 1.54% | 160,832 | $60.4M | New |
| HD Home Depot Inc. | 1.18% | 125,962 | $46.2M | New |
| META Meta Platforms Inc. Class A | 1.07% | 73,138 | $42.2M | Reduce -1.1% |
| ISRG Intuitive Surgical Inc. | 1.05% | 83,629 | $41.4M | Add +227.2% |
| V Visa Inc. Class A | 1.02% | 114,222 | $40.0M | Reduce -2.1% |
| TMO Thermo Fisher Scientific Inc. | 1.01% | 79,832 | $39.7M | Add +45.3% |
| CRM Salesforce Inc. | 0.99% | 144,681 | $38.8M | Add +9.2% |
| GS Goldman Sachs Group Inc. | 0.90% | 65,057 | $35.5M | New |
| CTAS Cintas Corp. | 0.85% | 162,581 | $33.4M | Add +649.4% |
| TSM Taiwan Semiconductor-SP ADR | 0.85% | 200,454 | $33.3M | New |
| SNOW Snowflake Inc. | 0.81% | 216,458 | $31.6M | Add +15.5% |
| PEP Pepsico Inc. | 0.78% | 203,373 | $30.5M | New |
| AMD Advanced Micro Devices | 0.76% | 291,133 | $29.9M | Add +34.4% |
| HLT Hilton Worldwide Holdings Inc. | 0.75% | 129,979 | $29.6M | New |
| ABNB Airbnb Inc. Class A | 0.72% | 237,227 | $28.3M | New |
| BSX Boston Scientific Corp. | 0.72% | 279,178 | $28.2M | Add +70.8% |
| GOOGL Alphabet Inc. Class A | 0.72% | 182,070 | $28.2M | New |
| LMT Lockheed Martin Corp. | 0.69% | 60,391 | $27.0M | Reduce -11.9% |
| PNC PNC Financial Services Group | 0.67% | 150,221 | $26.4M | Add +876.9% |
| GIS General Mills Inc. | 0.67% | 439,233 | $26.3M | New |
| AON Aon PLC Class A | 0.66% | 64,719 | $25.8M | New |
| NVDA Nvidia Corp. | 0.63% | 227,181 | $24.6M | Add +15.9% |
| TMUS T-Mobile US Inc. | 0.61% | 89,706 | $23.9M | Reduce -5.8% |
| MNST Monster Beverage Corp. | 0.60% | 405,967 | $23.8M | Add +571.6% |
| MRVL Marvell Technology Inc. | 0.59% | 378,814 | $23.3M | Add +69.0% |
| VST Vistra Corp. | 0.59% | 198,082 | $23.3M | Add +13.1% |
| HON Honeywell International Inc. | 0.58% | 108,214 | $22.9M | New |
| UNH Unitedhealth Group Inc. | 0.58% | 43,501 | $22.8M | Reduce -42.4% |
| COIN Coinbase Global Inc. Class A | 0.56% | 128,616 | $22.2M | Add +64.0% |
| EIX Edison International | 0.56% | 375,885 | $22.1M | New |
| TEAM Atlassian Corp. Class A | 0.56% | 104,138 | $22.1M | Reduce -7.6% |
| IBKR Interactive Brokers Gro Class A | 0.55% | 130,404 | $21.6M | Add +442.3% |
| PLTR Palantir Technologies Inc. Class A | 0.55% | 254,497 | $21.5M | New |
| VRT Vertiv Holdings Co. Class A | 0.55% | 296,718 | $21.4M | Add +37.7% |
| CEG Constellation Energy | 0.54% | 104,894 | $21.1M | Reduce -14.6% |
| AVGO Broadcom Inc. | 0.53% | 123,463 | $20.7M | Add +98.1% |
| AAPL Apple Inc. | 0.53% | 92,984 | $20.7M | Reduce -55.8% |
| SOFI Sofi Technologies Inc. | 0.52% | 1,769,134 | $20.6M | Add +1.8% |
| CMG Chipotle Mexican Grill Inc. | 0.50% | 387,625 | $19.5M | Add +324.2% |
| ADBE Adobe Inc. | 0.49% | 50,498 | $19.4M | New |
| MELI MercadoLibre Inc. | 0.49% | 9,862 | $19.2M | New |
| NET Cloudflare Inc. Class A | 0.49% | 170,568 | $19.2M | New |
| ADP Automatic Data Processing | 0.48% | 61,112 | $18.7M | Add +86.9% |
| MET Metlife Inc. | 0.47% | 231,685 | $18.6M | Add +189.7% |
| CVNA Carvana Co. | 0.47% | 88,529 | $18.5M | Add +268169.7% |
| CSX CSX Corp. | 0.46% | 619,405 | $18.2M | New |
| VLO Valero Energy Corp. | 0.46% | 136,059 | $18.0M | Add +3060.5% |
| DVN Devon Energy Corp. | 0.46% | 480,222 | $18.0M | Add +159.8% |
| MRK Merck & Co. Inc. | 0.46% | 199,897 | $17.9M | New |
| ICE Intercontinental Exchange Inc. | 0.46% | 103,683 | $17.9M | Reduce -43.7% |
| CVX Chevron Corp. | 0.45% | 106,475 | $17.8M | Add +86.5% |
| ADSK Autodesk Inc. | 0.44% | 66,674 | $17.5M | Add +36.7% |
| DXCM Dexcom Inc. | 0.44% | 254,876 | $17.4M | New |
| WMT Walmart Inc. | 0.44% | 198,178 | $17.4M | Reduce -37.5% |
| MPC Marathon Petroleum Corp. | 0.44% | 117,430 | $17.1M | Add +40.3% |
| OMC Omnicom Group | 0.43% | 203,232 | $16.8M | Add +101.6% |
| USB US Bancorp | 0.43% | 397,820 | $16.8M | New |
| OXY Occidental Petroleum Corp. | 0.39% | 311,086 | $15.4M | Add +961.1% |
| MKC McCormick & Co.-Non VTG SHRS | 0.39% | 185,223 | $15.2M | New |
| LEN Lennar Corp. Class A | 0.39% | 132,779 | $15.2M | New |
| ALB Albemarle Corp. | 0.37% | 202,416 | $14.6M | Add +8.2% |
| SPGI S&P Global Inc. | 0.37% | 28,481 | $14.5M | Add +92.6% |
| PCG P G & E Corp. | 0.36% | 820,083 | $14.1M | New |
| AFL Aflac Inc. | 0.36% | 126,215 | $14.0M | Add +150.1% |
| CPB The Campbell's Company | 0.35% | 345,927 | $13.8M | Add +9.8% |
| MCO Moody's Corp. | 0.35% | 29,563 | $13.8M | Add +88.2% |
| KDP Keurig Dr Pepper Inc. | 0.35% | 402,128 | $13.8M | New |
| CHD Church & Dwight Co. Inc. | 0.35% | 123,109 | $13.6M | New |
| NDAQ Nasdaq Inc. | 0.34% | 175,497 | $13.3M | Add +166.7% |
| GSK GSK PLC-Spon ADR | 0.33% | 332,701 | $12.9M | Reduce -21.5% |
| SJM The JM Smucker Co. filed as SMUCKER J M CO | 0.33% | 107,847 | $12.8M | Add +24.9% |
| AFRM Affirm Holdings Inc. | 0.32% | 280,717 | $12.7M | Add +344.3% |
| ALK Alaska Air Group Inc. | 0.32% | 252,990 | $12.5M | New |
| CMI Cummins Inc. | 0.32% | 39,642 | $12.4M | New |
| BAH Booz Allen Hamilton Holdings | 0.31% | 116,435 | $12.2M | Add +26.2% |
| BBD Banco Bradesco-ADR | 0.31% | 5,429,108 | $12.1M | New |
| EQT Eqt Corp. | 0.31% | 224,762 | $12.0M | New |
| BRBR Bellring Brands Inc. | 0.30% | 159,413 | $11.9M | Add +44.9% |
| UBER Uber Technologies Inc. | 0.30% | 162,827 | $11.9M | Reduce -67.5% |
| CROX Crocs Inc. | 0.30% | 110,630 | $11.7M | New |
| FSLR First Solar Inc. | 0.30% | 92,639 | $11.7M | New |
| PKG Packaging Corp. of America | 0.29% | 58,340 | $11.6M | Add +95.6% |
| YUM Yum! Brands Inc. | 0.29% | 73,361 | $11.5M | Add +6.3% |
| BF.B Brown-Forman Corp. Class B | 0.28% | 328,402 | $11.1M | Add +362.6% |
| INFY Infosys Ltd.-SP ADR | 0.28% | 609,865 | $11.1M | Add +16.6% |
| KMI Kinder Morgan Inc. | 0.28% | 389,632 | $11.1M | New |
| BROS Dutch Bros Inc. Class A | 0.28% | 176,624 | $10.9M | Add +91.2% |
| MRSH Marsh & McLennan Cos | 0.27% | 43,938 | $10.7M | Reduce -50.1% |
| ULTA Ulta Beauty Inc. | 0.27% | 29,212 | $10.7M | Reduce -47.4% |
| KGC Kinross Gold Corp. | 0.27% | 846,197 | $10.7M | Add +47.1% |
| DD Dupont DE Nemours Inc. | 0.27% | 141,871 | $10.6M | Add +113.1% |
| AMCR Amcor PLC | 0.27% | 1,090,419 | $10.6M | Add +52.7% |
| AEP American Electric Power | 0.26% | 94,390 | $10.3M | New |
| DHR Danaher Corp. | 0.26% | 50,260 | $10.3M | Reduce -67.9% |
| ETR Entergy Corp. | 0.26% | 120,262 | $10.3M | Add +131.5% |
| CVS CVS Health Corp. | 0.26% | 151,713 | $10.3M | Reduce -79.8% |
| HAL Halliburton Co. | 0.26% | 404,361 | $10.3M | New |
| B Barrick Gold Corp. | 0.26% | 524,424 | $10.2M | New |
| AMAT Applied Materials Inc. | 0.26% | 69,856 | $10.1M | New |
Portfolio Sells Q4 2024 → Q1 2025
| BKNG Booking Holdings Inc. | Sold out | 0.00% | −1.07 |
| KO The Coca-Cola Co. | Sold out | 0.00% | −1.05 |
| SCHW Schwab (charles) Corp. | Sold out | 0.00% | −1.02 |
| AAPL Apple Inc. | Reduce -55.8% | 0.53% | −0.90 |
| GM General Motors Co. | Sold out | 0.00% | −0.89 |
| LULU Lululemon Athletica Inc. | Sold out | 0.00% | −0.78 |
| LLY Eli Lilly & Co. | Sold out | 0.00% | −0.78 |
| DHR Danaher Corp. | Reduce -67.9% | 0.26% | −0.71 |
| HOOD Robinhood Markets Inc. Class A | Sold out | 0.00% | −0.67 |
| COP Conocophillips | Sold out | 0.00% | −0.66 |
| CVS CVS Health Corp. | Reduce -79.8% | 0.26% | −0.65 |
| NU Nu Holdings Ltd./Cayman Isl-A | Sold out | 0.00% | −0.65 |
| F Ford Motor Co. | Reduce -97.1% | 0.02% | −0.64 |
| SBUX Starbucks Corp. | Sold out | 0.00% | −0.63 |
| NEE Nextera Energy Inc. | Sold out | 0.00% | −0.58 |
| ACN Accenture PLC Class A | Reduce -72.1% | 0.16% | −0.54 |
| AMZN Amazon.com Inc. | Sold out | 0.00% | −0.54 |
| TT Trane Technologies PLC | Sold out | 0.00% | −0.53 |
| SHOP Shopify Inc. Class A | Reduce -70.4% | 0.17% | −0.53 |
| UBER Uber Technologies Inc. | Reduce -67.5% | 0.30% | −0.52 |
| LHX L3HARRIS Technologies Inc. | Sold out | 0.00% | −0.51 |
| LIN Linde PLC | Sold out | 0.00% | −0.49 |
| XOM Exxon Mobil Corp. | Sold out | 0.00% | −0.46 |
| CI The Cigna Group | Sold out | 0.00% | −0.46 |
| UNH Unitedhealth Group Inc. | Reduce -42.4% | 0.58% | −0.45 |
| URI United Rentals Inc. | Sold out | 0.00% | −0.45 |
| COR Cencora Inc. | Reduce -81.4% | 0.12% | −0.45 |
| ROP Roper Technologies Inc. | Sold out | 0.00% | −0.43 |
| RH RH | Reduce -62.4% | 0.11% | −0.43 |
| GE General Electric | Sold out | 0.00% | −0.42 |
| TGT Target Corp. | Sold out | 0.00% | −0.40 |
| UPS United Parcel Service Class B | Sold out | 0.00% | −0.39 |
| VZ Verizon Communications Inc. | Sold out | 0.00% | −0.38 |
| ULTA Ulta Beauty Inc. | Reduce -47.4% | 0.27% | −0.38 |
| FDX FedEx Corp. | Reduce -52.6% | 0.24% | −0.37 |
| NFLX Netflix Inc. | Sold out | 0.00% | −0.37 |
| AAL American Airlines Group Inc. | Sold out | 0.00% | −0.36 |
| AXON Axon Enterprise Inc. | Reduce -64.7% | 0.14% | −0.35 |
| AMGN Amgen Inc. | Sold out | 0.00% | −0.34 |
| WMT Walmart Inc. | Reduce -37.5% | 0.44% | −0.33 |
| MCK McKesson Corp. | Sold out | 0.00% | −0.32 |
| DG Dollar General Corp. | Sold out | 0.00% | −0.32 |
| REGN Regeneron Pharmaceuticals | Reduce -53.6% | 0.20% | −0.32 |
| ETN Eaton Corp. PLC | Reduce -72.8% | 0.08% | −0.32 |
| FICO Fair Isaac Corp. | Sold out | 0.00% | −0.31 |
| MDLZ Mondelez International Inc. Class A | Sold out | 0.00% | −0.31 |
| LOW Lowe's Cos Inc. | Reduce -76.8% | 0.08% | −0.30 |
| ICE Intercontinental Exchange Inc. | Reduce -43.7% | 0.46% | −0.29 |
| CCL Carnival Corp. | Sold out | 0.00% | −0.27 |
| PRU Prudential Financial Inc. | Reduce -77.0% | 0.07% | −0.27 |
Portfolio Buys Q4 2024 → Q1 2025
| COST Costco Wholesale Corp. | New | 1.69% | +1.69 |
| MSFT Microsoft Corp. | New | 1.54% | +1.54 |
| HD Home Depot Inc. | New | 1.18% | +1.18 |
| GS Goldman Sachs Group Inc. | New | 0.90% | +0.90 |
| TSM Taiwan Semiconductor-SP ADR | New | 0.85% | +0.85 |
| PEP Pepsico Inc. | New | 0.78% | +0.78 |
| HLT Hilton Worldwide Holdings Inc. | New | 0.75% | +0.75 |
| CTAS Cintas Corp. | Add +649.4% | 0.85% | +0.74 |
| ABNB Airbnb Inc. Class A | New | 0.72% | +0.72 |
| GOOGL Alphabet Inc. Class A | New | 0.72% | +0.72 |
| ISRG Intuitive Surgical Inc. | Add +227.2% | 1.05% | +0.69 |
| GIS General Mills Inc. | New | 0.67% | +0.67 |
| AON Aon PLC Class A | New | 0.66% | +0.66 |
| PNC PNC Financial Services Group | Add +876.9% | 0.67% | +0.59 |
| HON Honeywell International Inc. | New | 0.58% | +0.58 |
| EIX Edison International | New | 0.56% | +0.56 |
| PLTR Palantir Technologies Inc. Class A | New | 0.55% | +0.55 |
| MNST Monster Beverage Corp. | Add +571.6% | 0.60% | +0.52 |
| ADBE Adobe Inc. | New | 0.49% | +0.49 |
| MELI MercadoLibre Inc. | New | 0.49% | +0.49 |
| NET Cloudflare Inc. Class A | New | 0.49% | +0.49 |
| CVNA Carvana Co. | Add +268169.7% | 0.47% | +0.47 |
| CSX CSX Corp. | New | 0.46% | +0.46 |
| MRK Merck & Co. Inc. | New | 0.46% | +0.46 |
| DXCM Dexcom Inc. | New | 0.44% | +0.44 |
| VLO Valero Energy Corp. | Add +3060.5% | 0.46% | +0.44 |
| IBKR Interactive Brokers Gro Class A | Add +442.3% | 0.55% | +0.43 |
| USB US Bancorp | New | 0.43% | +0.43 |
| MKC McCormick & Co.-Non VTG SHRS | New | 0.39% | +0.39 |
| LEN Lennar Corp. Class A | New | 0.39% | +0.39 |
| PCG P G & E Corp. | New | 0.36% | +0.36 |
| OXY Occidental Petroleum Corp. | Add +961.1% | 0.39% | +0.35 |
| KDP Keurig Dr Pepper Inc. | New | 0.35% | +0.35 |
| CMG Chipotle Mexican Grill Inc. | Add +324.2% | 0.50% | +0.35 |
| CHD Church & Dwight Co. Inc. | New | 0.35% | +0.35 |
| BSX Boston Scientific Corp. | Add +70.8% | 0.72% | +0.32 |
| ALK Alaska Air Group Inc. | New | 0.32% | +0.32 |
| CMI Cummins Inc. | New | 0.32% | +0.32 |
| BBD Banco Bradesco-ADR | New | 0.31% | +0.31 |
| EQT Eqt Corp. | New | 0.31% | +0.31 |
| CROX Crocs Inc. | New | 0.30% | +0.30 |
| FSLR First Solar Inc. | New | 0.30% | +0.30 |
| MET Metlife Inc. | Add +189.7% | 0.47% | +0.30 |
| DVN Devon Energy Corp. | Add +159.8% | 0.46% | +0.29 |
| KMI Kinder Morgan Inc. | New | 0.28% | +0.28 |
| AEP American Electric Power | New | 0.26% | +0.26 |
| HAL Halliburton Co. | New | 0.26% | +0.26 |
| B Barrick Gold Corp. | New | 0.26% | +0.26 |
| AMAT Applied Materials Inc. | New | 0.26% | +0.26 |
| CHWY Chewy Inc. Class A | New | 0.26% | +0.26 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 1,217 | $2.9B | META, NFLX, BSX, QCOM, ORCL |
| Q1 2026 | 1,302 | $3.5B | META, TSM, TSLA, CVX, RKT |
| Q4 2025 | 1,360 | $3.5B | PLTR, FISV, UBER, TMO, NOW |
| Q3 2025 | 1,345 | $5.4B | PLTR, HOOD, MSFT, META, V |
| Q2 2025 | 1,209 | $4.9B | TMO, WMT, PGR, NVDA, SOFI |
| Q1 2025 | 1,221 | $3.9B | COST, MSFT, HD, META, ISRG |
| Q4 2024 | 1,287 | $3.7B | AAPL, CRM, META, BKNG, KO |
| Q3 2024 | 1,103 | $3.8B | MSFT, KO, GOOGL, LOW, MCD |
| Q2 2024 | 1,164 | $2.7B | KO, V, XOM, PEP, MA |
| Q1 2024 | 1,174 | $3.1B | UNH, WMT, ABT, MA, COST |