Deepwater Asset Management, LLC
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 13, 2024), Deepwater Asset Management, LLC reported 23 stock positions worth $275.3 million. Its top holding was SHIFT4 Payments Class A (FOUR) at 5.6% of the portfolio, followed by Nu Holdings Ltd./Cayman Isl-A (NU, 5.6%) and Nutanix Class A (NTNX, 5.6%). Compared with Q1 2024, it opened 4 new positions, sold out of 7, added to 9 and reduced 9. The biggest buy was a new position in Nutanix Class A (NTNX) and the biggest sale an exit from RH (RH).
- Most Recent 13F
- Q2 2026
- Location
- Minneapolis, MN
- CIK
- 0001964171
- Portfolio Value
- $275.3M (Q2 2024)
- SEC Filing
- 0001172661-24-003327 ↗ filed Aug 13, 2024
Holdings Value
Holdings 23 stocks · $275.3M
| FOUR SHIFT4 Payments Inc. Class A | 5.63% | 211,429 | $15.5M | Add +2.2% |
| NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD | 5.63% | 1,201,514 | $15.5M | Reduce -9.4% |
| NTNX Nutanix Inc. Class A | 5.62% | 272,298 | $15.5M | New |
| ANET Arista Networks Inc. | 5.48% | 43,039 | $15.1M | New |
| META Meta Platforms Inc. Class A | 5.46% | 29,802 | $15.0M | Reduce -3.1% |
| TSM Taiwan Semiconductor-SP ADR | 5.36% | 84,922 | $14.8M | Add +597.5% |
| MELI MercadoLibre Inc. | 5.26% | 8,815 | $14.5M | Reduce -6.3% |
| ACVA Acv Auctions Inc. Class A | 5.14% | 776,099 | $14.2M | Reduce -1.9% |
| VRT Vertiv Holdings Co. Class A | 5.11% | 162,651 | $14.1M | Add +734.5% |
| ONTO Onto Innovation Inc. | 5.11% | 64,073 | $14.1M | Add +626.5% |
| XYZ Block Inc. | 5.10% | 217,916 | $14.1M | Add +11.1% |
| CPNG Coupang Inc. | 5.06% | 664,920 | $13.9M | Reduce -16.0% |
| AVGO Broadcom Inc. | 5.05% | 8,666 | $13.9M | New |
| FRPT Freshpet Inc. | 4.97% | 105,677 | $13.7M | Reduce -7.6% |
| MU Micron Technology Inc. | 4.93% | 103,304 | $13.6M | Add +620.3% |
| GOOG Alphabet Inc. Class C | 4.92% | 73,908 | $13.6M | Reduce -17.0% |
| ISRG Intuitive Surgical Inc. | 4.70% | 29,102 | $12.9M | Reduce -12.8% |
| LULU Lululemon Athletica Inc. | 4.63% | 42,673 | $12.7M | Add +25.8% |
| FWRG First Watch Restaurant Group | 4.44% | 695,649 | $12.2M | Add +68.5% |
| ASML ASML Holding NV-NY Reg SHS | 0.62% | 1,671 | $1.7M | New |
| TTWO Take-Two Interactive Softwre | 0.60% | 10,705 | $1.7M | Add +11.7% |
| GOOGL Alphabet Inc. Class A | 0.60% | 9,004 | $1.6M | Reduce -17.6% |
| CIEN Ciena Corp. | 0.56% | 32,097 | $1.5M | No change |
Portfolio Sells Q1 2024 → Q2 2024
| RH RH | Sold out | 0.00% | −5.71 |
| PGNY Progyny Inc. | Sold out | 0.00% | −5.65 |
| CRWD CrowdStrike Holdings Inc. Class A | Sold out | 0.00% | −5.50 |
| ALGN Align Technology Inc. | Sold out | 0.00% | −5.45 |
| FIVE Five Below | Sold out | 0.00% | −5.17 |
| ETSY Etsy Inc. | Sold out | 0.00% | −4.54 |
| U Unity Software Inc. | Sold out | 0.00% | −0.58 |
| ACVA Acv Auctions Inc. Class A | Reduce -1.9% | 5.14% | −0.45 |
| NU Nu Holdings Ltd./Cayman Isl-A | Reduce -9.4% | 5.63% | −0.33 |
| ISRG Intuitive Surgical Inc. | Reduce -12.8% | 4.70% | −0.31 |
| CPNG Coupang Inc. | Reduce -16.0% | 5.06% | −0.24 |
| GOOG Alphabet Inc. Class C | Reduce -17.0% | 4.92% | −0.19 |
| META Meta Platforms Inc. Class A | Reduce -3.1% | 5.46% | −0.17 |
| MELI MercadoLibre Inc. | Reduce -6.3% | 5.26% | −0.10 |
| FRPT Freshpet Inc. | Reduce -7.6% | 4.97% | −0.03 |
| GOOGL Alphabet Inc. Class A | Reduce -17.6% | 0.60% | −0.03 |
Portfolio Buys Q1 2024 → Q2 2024
| NTNX Nutanix Inc. Class A | New | 5.62% | +5.62 |
| ANET Arista Networks Inc. | New | 5.48% | +5.48 |
| AVGO Broadcom Inc. | New | 5.05% | +5.05 |
| TSM Taiwan Semiconductor-SP ADR | Add +597.5% | 5.36% | +4.74 |
| VRT Vertiv Holdings Co. Class A | Add +734.5% | 5.11% | +4.51 |
| ONTO Onto Innovation Inc. | Add +626.5% | 5.11% | +4.51 |
| MU Micron Technology Inc. | Add +620.3% | 4.93% | +4.30 |
| ASML ASML Holding NV-NY Reg SHS | New | 0.62% | +0.62 |
| FWRG First Watch Restaurant Group | Add +68.5% | 4.44% | +0.61 |
| FOUR SHIFT4 Payments Inc. Class A | Add +2.2% | 5.63% | +0.48 |
| TTWO Take-Two Interactive Softwre | Add +11.7% | 0.60% | +0.07 |
| LULU Lululemon Athletica Inc. | Add +25.8% | 4.63% | −0.36 |
| XYZ Block Inc. | Add +11.1% | 5.10% | −1.15 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 35 | $220.2M | RBLX, CRDO, AXON, DDOG, BB |
| Q1 2026 | 39 | $157.8M | RDDT, STRL, NU, CRDO, UBER |
| Q4 2025 | 46 | $343.3M | NU, APP, RDDT, MELI, GLBE |
| Q3 2025 | 31 | $251.3M | META, NU, VRT, MU, APP |
| Q2 2025 | 20 | $252.6M | VRT, TSM, MU, META, NVDA |
| Q1 2025 | 21 | $236.3M | TSM, NVDA, MU, MELI, META |
| Q4 2024 | 23 | $306.4M | ACVA, TSM, FOUR, ONTO, NVDA |
| Q3 2024 | 23 | $284.8M | FOUR, MU, ANET, META, VRT |
| Q2 2024 | 23 | $275.3M | FOUR, NU, NTNX, ANET, META |
| Q1 2024 | 26 | $265.5M | XYZ, NU, RH, PGNY, META |