Aquatic Capital Management LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), Aquatic Capital Management LLC reported 1,209 stock positions worth $4.9 billion. Its top holding was Thermo Fisher Scientific (TMO) at 1.2% of the portfolio, followed by Walmart (WMT, 1.1%) and Progressive (PGR, 1.1%). Compared with Q1 2025, it opened 389 new positions, sold out of 401, added to 511 and reduced 309. The biggest buy was a new position in Progressive (PGR) and the biggest sale an exit from Costco Wholesale (COST).
- Most Recent 13F
- Q2 2026
- Location
- CHICAGO, IL
- CIK
- 0001803916
- Portfolio Value
- $4.9B (Q2 2025)
- SEC Filing
- 0001803916-25-000011 ↗ filed Aug 14, 2025
Holdings Value
Holdings 1,209 stocks · $4.9B
| TMO Thermo Fisher Scientific Inc. | 1.20% | 146,922 | $59.6M | Add +84.0% |
| WMT Walmart Inc. | 1.14% | 578,370 | $56.6M | Add +191.8% |
| PGR Progressive Corp. | 1.13% | 209,616 | $55.9M | New |
| NVDA Nvidia Corp. | 1.09% | 341,715 | $54.0M | Add +50.4% |
| SOFI Sofi Technologies Inc. | 1.05% | 2,851,023 | $51.9M | Add +61.1% |
| TMUS T-Mobile US Inc. | 1.03% | 213,999 | $51.0M | Add +138.6% |
| ABBV Abbvie Inc. | 0.95% | 252,888 | $46.9M | New |
| JNJ Johnson & Johnson | 0.88% | 283,641 | $43.3M | New |
| ADBE Adobe Inc. | 0.85% | 108,617 | $42.0M | Add +115.1% |
| INTU Intuit Inc. | 0.84% | 52,932 | $41.7M | New |
| PEP Pepsico Inc. | 0.84% | 315,480 | $41.7M | Add +55.1% |
| ISRG Intuitive Surgical Inc. | 0.84% | 76,131 | $41.4M | Reduce -9.0% |
| CRM Salesforce Inc. | 0.83% | 150,614 | $41.1M | Add +4.1% |
| LMT Lockheed Martin Corp. | 0.80% | 85,921 | $39.8M | Add +42.3% |
| F Ford Motor Co. filed as FORD MTR CO | 0.80% | 3,632,391 | $39.4M | Add +4988.2% |
| INTC Intel Corp. | 0.78% | 1,714,305 | $38.4M | Add +44346.6% |
| PLTR Palantir Technologies Inc. Class A | 0.75% | 273,796 | $37.3M | Add +7.6% |
| MU Micron Technology Inc. | 0.74% | 297,348 | $36.6M | New |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.72% | 287,029 | $35.4M | New |
| ABNB Airbnb Inc. Class A | 0.71% | 265,916 | $35.2M | Add +12.1% |
| PG The Procter & Gamble Co. | 0.71% | 220,310 | $35.1M | New |
| APH Amphenol Corp. Class A | 0.70% | 352,161 | $34.8M | New |
| TEAM Atlassian Corp. Class A | 0.69% | 169,016 | $34.3M | Add +62.3% |
| PM Philip Morris International | 0.69% | 187,277 | $34.1M | Add +280.2% |
| UNP Union Pacific Corp. | 0.68% | 146,672 | $33.7M | New |
| MDB Mongodb Inc. | 0.64% | 151,696 | $31.9M | Add +1230.7% |
| KO The Coca-Cola Co. | 0.64% | 448,994 | $31.8M | New |
| CVNA Carvana Co. | 0.64% | 93,977 | $31.7M | Add +6.2% |
| MA Mastercard Inc. Class A | 0.61% | 54,130 | $30.4M | New |
| AFRM Affirm Holdings Inc. | 0.61% | 435,307 | $30.1M | Add +55.1% |
| UBER Uber Technologies Inc. | 0.61% | 322,036 | $30.0M | Add +97.8% |
| BDX Becton Dickinson and Co. | 0.58% | 167,441 | $28.8M | Add +12960.9% |
| CCL Carnival Corp. | 0.57% | 999,025 | $28.1M | New |
| DHR Danaher Corp. | 0.57% | 141,781 | $28.0M | Add +182.1% |
| LRCX Lam Research Corp. | 0.56% | 284,732 | $27.7M | New |
| VRT Vertiv Holdings Co. Class A | 0.56% | 214,718 | $27.6M | Reduce -27.6% |
| REGN Regeneron Pharmaceuticals | 0.55% | 52,025 | $27.3M | Add +314.2% |
| COIN Coinbase Global Inc. Class A | 0.52% | 73,669 | $25.8M | Reduce -42.7% |
| GM General Motors Co. | 0.52% | 521,974 | $25.7M | New |
| CMG Chipotle Mexican Grill Inc. | 0.51% | 449,182 | $25.2M | Add +15.9% |
| LOW Lowe's Cos Inc. | 0.50% | 111,166 | $24.7M | Add +752.4% |
| ADP Automatic Data Processing | 0.50% | 79,753 | $24.6M | Add +30.5% |
| CME Cme Group Inc. | 0.49% | 88,612 | $24.4M | New |
| AVGO Broadcom Inc. | 0.49% | 88,455 | $24.4M | Reduce -28.4% |
| ELF Elf Beauty Inc. | 0.49% | 195,768 | $24.4M | Add +28.0% |
| EW Edwards Lifesciences Corp. | 0.49% | 307,465 | $24.0M | Add +332.9% |
| APO Apollo Global Management Inc. | 0.49% | 169,363 | $24.0M | New |
| BX Blackstone Inc. | 0.47% | 156,801 | $23.5M | Add +139.4% |
| MKC McCormick & Co.-Non VTG SHRS | 0.47% | 305,707 | $23.2M | Add +65.0% |
| HON Honeywell International Inc. | 0.47% | 99,331 | $23.1M | Reduce -8.2% |
| CTAS Cintas Corp. | 0.47% | 103,612 | $23.1M | Reduce -36.3% |
| SHOP Shopify Inc. Class A | 0.46% | 198,876 | $22.9M | Add +176.3% |
| WMB Williams Cos Inc. | 0.45% | 354,649 | $22.3M | New |
| CRDO Credo Technology Group Holdi | 0.45% | 238,159 | $22.1M | Add +23.7% |
| KMI Kinder Morgan Inc. | 0.43% | 727,253 | $21.4M | Add +86.7% |
| ROP Roper Technologies Inc. | 0.42% | 36,839 | $20.9M | New |
| AEM Agnico Eagle Mines Ltd. | 0.41% | 172,034 | $20.5M | Add +510.5% |
| INSM Insmed Inc. | 0.41% | 199,934 | $20.1M | Add +171.6% |
| MRK Merck & Co. Inc. | 0.41% | 253,836 | $20.1M | Add +27.0% |
| SNAP Snap Inc. Class A | 0.40% | 2,301,780 | $20.0M | Add +152.4% |
| HUBS HubSpot Inc. | 0.40% | 35,796 | $19.9M | New |
| ALL Allstate Corp. | 0.40% | 98,840 | $19.9M | New |
| VST Vistra Corp. | 0.40% | 101,209 | $19.6M | Reduce -48.9% |
| TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC | 0.38% | 263,296 | $19.0M | Add +3562.5% |
| LITE Lumentum Holdings Inc. | 0.38% | 198,619 | $18.9M | Add +1943.0% |
| FDX FedEx Corp. | 0.38% | 82,576 | $18.8M | Add +117.9% |
| MELI MercadoLibre Inc. | 0.38% | 7,178 | $18.8M | Reduce -27.2% |
| ADSK Autodesk Inc. | 0.38% | 60,576 | $18.8M | Reduce -9.2% |
| MSI Motorola Solutions Inc. | 0.38% | 44,559 | $18.7M | Add +381.2% |
| ACN Accenture PLC Class A | 0.37% | 61,618 | $18.4M | Add +197.6% |
| NRG NRG Energy Inc. | 0.37% | 114,571 | $18.4M | New |
| GWRE Guidewire Software Inc. | 0.36% | 75,699 | $17.8M | New |
| UPST Upstart Holdings Inc. | 0.36% | 274,884 | $17.8M | Add +47.1% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.36% | 142,261 | $17.6M | Add +118.0% |
| ROK Rockwell Automation Inc. | 0.34% | 51,191 | $17.0M | New |
| KGC Kinross Gold Corp. | 0.34% | 1,076,014 | $16.8M | Add +27.2% |
| RSG Republic Services Inc. | 0.34% | 67,851 | $16.7M | New |
| LYB Lyondellbasell Indu Class A | 0.34% | 288,053 | $16.7M | Add +364.6% |
| GSK GSK PLC-Spon ADR | 0.33% | 430,465 | $16.5M | Add +29.4% |
| ZTS Zoetis Inc. | 0.33% | 105,963 | $16.5M | Add +6723.1% |
| IT Gartner Inc. | 0.33% | 40,139 | $16.2M | Add +122.9% |
| MGM MGM Resorts International | 0.33% | 469,646 | $16.2M | Add +55.4% |
| BCS Barclays PLC-Spons ADR | 0.32% | 860,083 | $16.0M | New |
| CF CF Industries Holdings Inc. filed as CF INDS HLDGS INC | 0.32% | 171,149 | $15.7M | Add +88.3% |
| SE Sea Ltd.-ADR | 0.32% | 98,189 | $15.7M | New |
| ETR Entergy Corp. | 0.32% | 188,319 | $15.7M | Add +56.6% |
| VMC Vulcan Materials Co. | 0.31% | 57,917 | $15.1M | Add +258.1% |
| CPB The Campbell's Company | 0.30% | 487,368 | $14.9M | Add +40.9% |
| LRN Stride Inc. | 0.30% | 102,404 | $14.9M | Add +169.5% |
| SFM Sprouts Farmers Market Inc. | 0.30% | 90,291 | $14.9M | Add +65.9% |
| VLO Valero Energy Corp. | 0.30% | 109,431 | $14.7M | Reduce -19.6% |
| AME Ametek Inc. | 0.29% | 80,482 | $14.6M | New |
| ONTO Onto Innovation Inc. | 0.29% | 144,067 | $14.5M | New |
| RH RH | 0.29% | 76,485 | $14.5M | Add +300.1% |
| VEEV Veeva Systems Inc. Class A | 0.28% | 48,356 | $13.9M | New |
| MSCI MSCI Inc. | 0.28% | 23,590 | $13.6M | Add +63.0% |
| OXY Occidental Petroleum Corp. | 0.27% | 322,800 | $13.6M | Add +3.8% |
| KMX Carmax Inc. | 0.27% | 196,588 | $13.2M | New |
| DGX Quest Diagnostics Inc. | 0.26% | 72,329 | $13.0M | Add +734.6% |
| HEI Heico Corp. | 0.26% | 39,124 | $12.8M | Add +26.8% |
Portfolio Sells Q1 2025 → Q2 2025
| COST Costco Wholesale Corp. | Sold out | 0.00% | −1.69 |
| MSFT Microsoft Corp. | Sold out | 0.00% | −1.54 |
| HD Home Depot Inc. | Reduce -90.2% | 0.09% | −1.08 |
| META Meta Platforms Inc. Class A | Reduce -99.4% | 0.01% | −1.07 |
| V Visa Inc. Class A | Sold out | 0.00% | −1.02 |
| GS Goldman Sachs Group Inc. | Sold out | 0.00% | −0.90 |
| TSM Taiwan Semiconductor-SP ADR | Sold out | 0.00% | −0.85 |
| SNOW Snowflake Inc. | Sold out | 0.00% | −0.81 |
| AMD Advanced Micro Devices | Sold out | 0.00% | −0.76 |
| HLT Hilton Worldwide Holdings Inc. | Sold out | 0.00% | −0.75 |
| BSX Boston Scientific Corp. | Sold out | 0.00% | −0.72 |
| GOOGL Alphabet Inc. Class A | Sold out | 0.00% | −0.72 |
| PNC PNC Financial Services Group | Sold out | 0.00% | −0.67 |
| AON Aon PLC Class A | Sold out | 0.00% | −0.66 |
| GIS General Mills Inc. | Reduce -93.9% | 0.03% | −0.64 |
| MRVL Marvell Technology Inc. | Sold out | 0.00% | −0.59 |
| UNH Unitedhealth Group Inc. | Sold out | 0.00% | −0.58 |
| CEG Constellation Energy | Sold out | 0.00% | −0.54 |
| NET Cloudflare Inc. Class A | Sold out | 0.00% | −0.49 |
| IBKR Interactive Brokers Gro Class A | Reduce -87.9% | 0.07% | −0.48 |
| CSX CSX Corp. | Sold out | 0.00% | −0.46 |
| AAPL Apple Inc. | Reduce -79.9% | 0.08% | −0.45 |
| DXCM Dexcom Inc. | Sold out | 0.00% | −0.44 |
| USB US Bancorp | Sold out | 0.00% | −0.43 |
| MPC Marathon Petroleum Corp. | Reduce -96.9% | 0.01% | −0.42 |
| MNST Monster Beverage Corp. | Reduce -63.3% | 0.19% | −0.42 |
| EIX Edison International | Reduce -56.5% | 0.17% | −0.39 |
| LEN Lennar Corp. Class A | Sold out | 0.00% | −0.39 |
| CTAS Cintas Corp. | Reduce -36.3% | 0.47% | −0.38 |
| AFL Aflac Inc. | Sold out | 0.00% | −0.36 |
| MCO Moody's Corp. | Sold out | 0.00% | −0.35 |
| KDP Keurig Dr Pepper Inc. | Sold out | 0.00% | −0.35 |
| SJM The JM Smucker Co. | Sold out | 0.00% | −0.33 |
| DVN Devon Energy Corp. | Reduce -55.5% | 0.14% | −0.32 |
| SPGI S&P Global Inc. | Reduce -81.7% | 0.06% | −0.31 |
| MET Metlife Inc. | Reduce -54.4% | 0.17% | −0.30 |
| FSLR First Solar Inc. | Sold out | 0.00% | −0.30 |
| YUM Yum! Brands Inc. | Sold out | 0.00% | −0.29 |
| BRBR Bellring Brands Inc. | Reduce -90.2% | 0.02% | −0.28 |
| INFY Infosys Ltd.-SP ADR | Sold out | 0.00% | −0.28 |
| CROX Crocs Inc. | Reduce -91.4% | 0.02% | −0.28 |
| OMC Omnicom Group | Reduce -47.0% | 0.16% | −0.27 |
| DD Dupont DE Nemours Inc. | Sold out | 0.00% | −0.27 |
| CVS CVS Health Corp. | Sold out | 0.00% | −0.26 |
| BBD Banco Bradesco-ADR | Reduce -86.1% | 0.05% | −0.26 |
| B Barrick Gold Corp. | Sold out | 0.00% | −0.26 |
| AMAT Applied Materials Inc. | Sold out | 0.00% | −0.26 |
| FLEX Flex Ltd. | Sold out | 0.00% | −0.25 |
| ALK Alaska Air Group Inc. | Reduce -68.5% | 0.08% | −0.24 |
| CVX Chevron Corp. | Reduce -28.1% | 0.22% | −0.23 |
Portfolio Buys Q1 2025 → Q2 2025
| PGR Progressive Corp. | New | 1.13% | +1.13 |
| ABBV Abbvie Inc. | New | 0.95% | +0.95 |
| JNJ Johnson & Johnson | New | 0.88% | +0.88 |
| INTU Intuit Inc. | New | 0.84% | +0.84 |
| F Ford Motor Co. | Add +4988.2% | 0.80% | +0.78 |
| INTC Intel Corp. | Add +44346.6% | 0.78% | +0.77 |
| MU Micron Technology Inc. | New | 0.74% | +0.74 |
| TJX TJX Companies Inc. | New | 0.72% | +0.72 |
| PG The Procter & Gamble Co. | New | 0.71% | +0.71 |
| APH Amphenol Corp. Class A | New | 0.70% | +0.70 |
| WMT Walmart Inc. | Add +191.8% | 1.14% | +0.70 |
| UNP Union Pacific Corp. | New | 0.68% | +0.68 |
| KO The Coca-Cola Co. | New | 0.64% | +0.64 |
| MA Mastercard Inc. Class A | New | 0.61% | +0.61 |
| MDB Mongodb Inc. | Add +1230.7% | 0.64% | +0.59 |
| BDX Becton Dickinson and Co. | Add +12960.9% | 0.58% | +0.58 |
| CCL Carnival Corp. | New | 0.57% | +0.57 |
| LRCX Lam Research Corp. | New | 0.56% | +0.56 |
| SOFI Sofi Technologies Inc. | Add +61.1% | 1.05% | +0.53 |
| GM General Motors Co. | New | 0.52% | +0.52 |
| CME Cme Group Inc. | New | 0.49% | +0.49 |
| PM Philip Morris International | Add +280.2% | 0.69% | +0.49 |
| APO Apollo Global Management Inc. | New | 0.49% | +0.49 |
| NVDA Nvidia Corp. | Add +50.4% | 1.09% | +0.46 |
| WMB Williams Cos Inc. | New | 0.45% | +0.45 |
| ROP Roper Technologies Inc. | New | 0.42% | +0.42 |
| TMUS T-Mobile US Inc. | Add +138.6% | 1.03% | +0.42 |
| LOW Lowe's Cos Inc. | Add +752.4% | 0.50% | +0.42 |
| HUBS HubSpot Inc. | New | 0.40% | +0.40 |
| ALL Allstate Corp. | New | 0.40% | +0.40 |
| TTD Trade Desk Inc./the Class A | Add +3562.5% | 0.38% | +0.37 |
| NRG NRG Energy Inc. | New | 0.37% | +0.37 |
| LITE Lumentum Holdings Inc. | Add +1943.0% | 0.38% | +0.37 |
| GWRE Guidewire Software Inc. | New | 0.36% | +0.36 |
| ADBE Adobe Inc. | Add +115.1% | 0.85% | +0.36 |
| EW Edwards Lifesciences Corp. | Add +332.9% | 0.49% | +0.36 |
| REGN Regeneron Pharmaceuticals | Add +314.2% | 0.55% | +0.35 |
| ROK Rockwell Automation Inc. | New | 0.34% | +0.34 |
| RSG Republic Services Inc. | New | 0.34% | +0.34 |
| AEM Agnico Eagle Mines Ltd. | Add +510.5% | 0.41% | +0.34 |
| ZTS Zoetis Inc. | Add +6723.1% | 0.33% | +0.33 |
| BCS Barclays PLC-Spons ADR | New | 0.32% | +0.32 |
| SE Sea Ltd.-ADR | New | 0.32% | +0.32 |
| UBER Uber Technologies Inc. | Add +97.8% | 0.61% | +0.31 |
| DHR Danaher Corp. | Add +182.1% | 0.57% | +0.30 |
| AME Ametek Inc. | New | 0.29% | +0.29 |
| ONTO Onto Innovation Inc. | New | 0.29% | +0.29 |
| SHOP Shopify Inc. Class A | Add +176.3% | 0.46% | +0.29 |
| AFRM Affirm Holdings Inc. | Add +55.1% | 0.61% | +0.29 |
| VEEV Veeva Systems Inc. Class A | New | 0.28% | +0.28 |
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 |