Deepwater Asset Management, LLC
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed January 24, 2025), Deepwater Asset Management, LLC reported 23 stock positions worth $306.4 million. Its top holding was Acv Auctions Class A (ACVA) at 5.3% of the portfolio, followed by Taiwan Semiconductor-SP ADR (TSM, 5.3%) and SHIFT4 Payments Class A (FOUR, 5.2%). Compared with Q3 2024, it opened 3 new positions, sold out of 3, added to 7 and reduced 10. The biggest buy was a new position in Appfolio Class A (APPF) and the biggest sale an exit from Coupang (CPNG).
- Most Recent 13F
- Q2 2026
- Location
- Minneapolis, MN
- CIK
- 0001964171
- Portfolio Value
- $306.4M (Q4 2024)
- SEC Filing
- 0001172661-25-000349 ↗ filed Jan 24, 2025
Holdings Value
Holdings 23 stocks · $306.4M
| ACVA Acv Auctions Inc. Class A | 5.35% | 758,892 | $16.4M | Add +8.2% |
| TSM Taiwan Semiconductor-SP ADR | 5.32% | 82,554 | $16.3M | No change |
| FOUR SHIFT4 Payments Inc. Class A | 5.23% | 154,302 | $16.0M | Reduce -14.4% |
| ONTO Onto Innovation Inc. | 5.18% | 95,325 | $15.9M | Add +43.9% |
| NVDA Nvidia Corp. | 5.16% | 117,713 | $15.8M | Reduce -3.7% |
| ANET Arista Networks Inc. | 5.12% | 141,930 | $15.7M | Reduce -10.9% |
| ASML ASML Holding NV-NY Reg SHS | 5.12% | 22,625 | $15.7M | Add +1165.4% |
| AVGO Broadcom Inc. | 5.09% | 67,315 | $15.6M | Reduce -20.5% |
| NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD | 5.09% | 1,504,169 | $15.6M | Add +50.1% |
| APPF Appfolio Inc. Class A | 5.05% | 62,756 | $15.5M | New |
| META Meta Platforms Inc. Class A | 5.03% | 26,333 | $15.4M | No change |
| MELI MercadoLibre Inc. | 4.94% | 8,907 | $15.1M | Add +30.2% |
| VRT Vertiv Holdings Co. Class A | 4.82% | 130,053 | $14.8M | Reduce -14.0% |
| FWRG First Watch Restaurant Group | 4.79% | 788,470 | $14.7M | Reduce -1.8% |
| FRPT Freshpet Inc. | 4.76% | 98,434 | $14.6M | Add +11.4% |
| XYZ Block Inc. | 4.72% | 170,016 | $14.4M | Reduce -22.1% |
| SG Sweetgreen Inc. Class A | 4.47% | 427,179 | $13.7M | New |
| LULU Lululemon Athletica Inc. | 4.47% | 35,805 | $13.7M | Reduce -28.9% |
| MU Micron Technology Inc. | 4.42% | 160,781 | $13.5M | Add +7.7% |
| GOOG Alphabet Inc. Class C | 4.10% | 65,932 | $12.6M | Reduce -2.1% |
| AAPL Apple Inc. | 0.63% | 7,654 | $1.9M | New |
| TTWO Take-Two Interactive Softwre | 0.60% | 9,975 | $1.8M | Reduce -3.2% |
| GOOGL Alphabet Inc. Class A | 0.56% | 9,004 | $1.7M | No change |
Portfolio Sells Q3 2024 → Q4 2024
| CPNG Coupang Inc. | Sold out | 0.00% | −5.03 |
| NTNX Nutanix Inc. Class A | Sold out | 0.00% | −4.66 |
| ISRG Intuitive Surgical Inc. | Sold out | 0.00% | −4.24 |
| VRT Vertiv Holdings Co. Class A | Reduce -14.0% | 4.82% | −0.46 |
| XYZ Block Inc. | Reduce -22.1% | 4.72% | −0.43 |
| FOUR SHIFT4 Payments Inc. Class A | Reduce -14.4% | 5.23% | −0.39 |
| LULU Lululemon Athletica Inc. | Reduce -28.9% | 4.47% | −0.33 |
| ANET Arista Networks Inc. | Reduce -10.9% | 5.12% | −0.25 |
| NVDA Nvidia Corp. | Reduce -3.7% | 5.16% | −0.05 |
| AVGO Broadcom Inc. | Reduce -20.5% | 5.09% | −0.03 |
| TTWO Take-Two Interactive Softwre | Reduce -3.2% | 0.60% | +0.04 |
| GOOG Alphabet Inc. Class C | Reduce -2.1% | 4.10% | +0.14 |
| FWRG First Watch Restaurant Group | Reduce -1.8% | 4.79% | +0.39 |
Portfolio Buys Q3 2024 → Q4 2024
| APPF Appfolio Inc. Class A | New | 5.05% | +5.05 |
| ASML ASML Holding NV-NY Reg SHS | Add +1165.4% | 5.12% | +4.59 |
| SG Sweetgreen Inc. Class A | New | 4.47% | +4.47 |
| AAPL Apple Inc. | New | 0.63% | +0.63 |
| FRPT Freshpet Inc. | Add +11.4% | 4.76% | +0.51 |
| ONTO Onto Innovation Inc. | Add +43.9% | 5.18% | +0.36 |
| ACVA Acv Auctions Inc. Class A | Add +8.2% | 5.35% | +0.34 |
| NU Nu Holdings Ltd./Cayman Isl-A | Add +50.1% | 5.09% | +0.28 |
| MELI MercadoLibre Inc. | Add +30.2% | 4.94% | +0.01 |
| MU Micron Technology Inc. | Add +7.7% | 4.42% | −1.02 |
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 |