Deepwater Asset Management, LLC
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed October 24, 2024), Deepwater Asset Management, LLC reported 23 stock positions worth $284.8 million. Its top holding was SHIFT4 Payments Class A (FOUR) at 5.6% of the portfolio, followed by Micron Technology (MU, 5.4%) and Arista Networks (ANET, 5.4%). Compared with Q2 2024, it opened 1 new position, sold out of 1, added to 6 and reduced 15. The biggest buy was a new position in Nvidia (NVDA) and the biggest sale Alphabet Class C (GOOG, shares −9%).
- Most Recent 13F
- Q2 2026
- Location
- Minneapolis, MN
- CIK
- 0001964171
- Portfolio Value
- $284.8M (Q3 2024)
- SEC Filing
- 0001172661-24-004346 ↗ filed Oct 24, 2024
Holdings Value
Holdings 23 stocks · $284.8M
| FOUR SHIFT4 Payments Inc. Class A | 5.61% | 180,360 | $16.0M | Reduce -14.7% |
| MU Micron Technology Inc. | 5.44% | 149,336 | $15.5M | Add +44.6% |
| ANET Arista Networks Inc. | 5.37% | 39,831 | $15.3M | Reduce -7.5% |
| META Meta Platforms Inc. Class A | 5.29% | 26,333 | $15.1M | Reduce -11.6% |
| VRT Vertiv Holdings Co. Class A | 5.28% | 151,160 | $15.0M | Reduce -7.1% |
| NVDA Nvidia Corp. | 5.21% | 122,267 | $14.8M | New |
| XYZ Block Inc. | 5.14% | 218,177 | $14.6M | Add +0.1% |
| AVGO Broadcom Inc. | 5.13% | 84,631 | $14.6M | Reduce -2.3% |
| TSM Taiwan Semiconductor-SP ADR | 5.03% | 82,554 | $14.3M | Reduce -2.8% |
| CPNG Coupang Inc. | 5.03% | 583,383 | $14.3M | Reduce -12.3% |
| ACVA Acv Auctions Inc. Class A | 5.01% | 701,175 | $14.3M | Reduce -9.7% |
| MELI MercadoLibre Inc. | 4.93% | 6,843 | $14.0M | Reduce -22.4% |
| ONTO Onto Innovation Inc. | 4.83% | 66,241 | $13.7M | Add +3.4% |
| NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD | 4.80% | 1,001,874 | $13.7M | Reduce -16.6% |
| LULU Lululemon Athletica Inc. | 4.80% | 50,374 | $13.7M | Add +18.1% |
| NTNX Nutanix Inc. Class A | 4.66% | 223,789 | $13.3M | Reduce -17.8% |
| FWRG First Watch Restaurant Group | 4.40% | 802,625 | $12.5M | Add +15.4% |
| ISRG Intuitive Surgical Inc. | 4.24% | 24,604 | $12.1M | Reduce -15.5% |
| FRPT Freshpet Inc. | 4.24% | 88,368 | $12.1M | Reduce -16.4% |
| GOOG Alphabet Inc. Class C | 3.95% | 67,361 | $11.3M | Reduce -8.9% |
| TTWO Take-Two Interactive Softwre | 0.56% | 10,307 | $1.6M | Reduce -3.7% |
| GOOGL Alphabet Inc. Class A | 0.52% | 9,004 | $1.5M | No change |
| ASML ASML Holding NV-NY Reg SHS | 0.52% | 1,788 | $1.5M | Add +7.0% |
Portfolio Sells Q2 2024 → Q3 2024
| GOOG Alphabet Inc. Class C | Reduce -8.9% | 3.95% | −0.97 |
| NTNX Nutanix Inc. Class A | Reduce -17.8% | 4.66% | −0.97 |
| NU Nu Holdings Ltd./Cayman Isl-A | Reduce -16.6% | 4.80% | −0.82 |
| FRPT Freshpet Inc. | Reduce -16.4% | 4.24% | −0.72 |
| CIEN Ciena Corp. | Sold out | 0.00% | −0.56 |
| ISRG Intuitive Surgical Inc. | Reduce -15.5% | 4.24% | −0.46 |
| MELI MercadoLibre Inc. | Reduce -22.4% | 4.93% | −0.33 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -2.8% | 5.03% | −0.33 |
| META Meta Platforms Inc. Class A | Reduce -11.6% | 5.29% | −0.16 |
| ACVA Acv Auctions Inc. Class A | Reduce -9.7% | 5.01% | −0.14 |
| ANET Arista Networks Inc. | Reduce -7.5% | 5.37% | −0.11 |
| TTWO Take-Two Interactive Softwre | Reduce -3.7% | 0.56% | −0.05 |
| CPNG Coupang Inc. | Reduce -12.3% | 5.03% | −0.03 |
| FOUR SHIFT4 Payments Inc. Class A | Reduce -14.7% | 5.61% | −0.02 |
| AVGO Broadcom Inc. | Reduce -2.3% | 5.13% | +0.07 |
| VRT Vertiv Holdings Co. Class A | Reduce -7.1% | 5.28% | +0.17 |
Portfolio Buys Q2 2024 → Q3 2024
| NVDA Nvidia Corp. | New | 5.21% | +5.21 |
| MU Micron Technology Inc. | Add +44.6% | 5.44% | +0.50 |
| LULU Lululemon Athletica Inc. | Add +18.1% | 4.80% | +0.17 |
| XYZ Block Inc. | Add +0.1% | 5.14% | +0.04 |
| FWRG First Watch Restaurant Group | Add +15.4% | 4.40% | −0.04 |
| ASML ASML Holding NV-NY Reg SHS | Add +7.0% | 0.52% | −0.10 |
| ONTO Onto Innovation Inc. | Add +3.4% | 4.83% | −0.28 |
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 |