Deepwater Asset Management, LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 13, 2025), Deepwater Asset Management, LLC reported 21 stock positions worth $236.3 million. Its top holding was Taiwan Semiconductor-SP ADR (TSM) at 5.7% of the portfolio, followed by Nvidia (NVDA, 5.7%) and Micron Technology (MU, 5.6%). Compared with Q4 2024, it opened 2 new positions, sold out of 4, added to 9 and reduced 9. The biggest buy was a new position in Global-E Online (GLBE) and the biggest sale an exit from Appfolio Class A (APPF).
- Most Recent 13F
- Q2 2026
- Location
- Minneapolis, MN
- CIK
- 0001964171
- Portfolio Value
- $236.3M (Q1 2025)
- SEC Filing
- 0001172661-25-001747 ↗ filed May 13, 2025
Holdings Value
Holdings 21 stocks · $236.3M
| TSM Taiwan Semiconductor-SP ADR | 5.73% | 81,632 | $13.6M | Reduce -1.1% |
| NVDA Nvidia Corp. | 5.73% | 124,872 | $13.5M | Add +6.1% |
| MU Micron Technology Inc. | 5.59% | 151,979 | $13.2M | Reduce -5.5% |
| MELI MercadoLibre Inc. | 5.55% | 6,726 | $13.1M | Reduce -24.5% |
| META Meta Platforms Inc. Class A | 5.51% | 22,596 | $13.0M | Reduce -14.2% |
| NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD | 5.46% | 1,259,498 | $12.9M | Reduce -16.3% |
| ACVA Acv Auctions Inc. Class A | 5.45% | 914,649 | $12.9M | Add +20.5% |
| ONTO Onto Innovation Inc. | 5.41% | 105,446 | $12.8M | Add +10.6% |
| FOUR SHIFT4 Payments Inc. Class A | 5.41% | 156,425 | $12.8M | Add +1.4% |
| ASML ASML Holding NV-NY Reg SHS | 5.29% | 18,878 | $12.5M | Reduce -16.6% |
| GLBE Global-E Online Ltd. | 5.29% | 350,438 | $12.5M | New |
| CONFLUENT INC (CFLT 0 01/15/27) | 5.23% | 527,423 | $12.4M | New |
| ANET Arista Networks Inc. | 5.02% | 153,013 | $11.9M | Add +7.8% |
| AVGO Broadcom Inc. | 5.00% | 70,544 | $11.8M | Add +4.8% |
| VRT Vertiv Holdings Co. Class A | 4.89% | 159,905 | $11.5M | Add +22.9% |
| SG Sweetgreen Inc. Class A | 4.81% | 453,913 | $11.4M | Add +6.3% |
| FWRG First Watch Restaurant Group | 4.80% | 681,339 | $11.3M | Reduce -13.6% |
| FRPT Freshpet Inc. | 4.56% | 129,673 | $10.8M | Add +31.7% |
| LULU Lululemon Athletica Inc. | 4.29% | 35,805 | $10.1M | No change |
| TTWO Take-Two Interactive Softwre | 0.65% | 7,364 | $1.5M | Reduce -26.2% |
| AAPL Apple Inc. | 0.34% | 3,605 | $801K | Reduce -52.9% |
Portfolio Sells Q4 2024 → Q1 2025
| APPF Appfolio Inc. Class A | Sold out | 0.00% | −5.05 |
| XYZ Block Inc. | Sold out | 0.00% | −4.72 |
| GOOG Alphabet Inc. Class C | Sold out | 0.00% | −4.10 |
| GOOGL Alphabet Inc. Class A | Sold out | 0.00% | −0.56 |
| AAPL Apple Inc. | Reduce -52.9% | 0.34% | −0.29 |
| FWRG First Watch Restaurant Group | Reduce -13.6% | 4.80% | +0.01 |
| TTWO Take-Two Interactive Softwre | Reduce -26.2% | 0.65% | +0.05 |
| ASML ASML Holding NV-NY Reg SHS | Reduce -16.6% | 5.29% | +0.18 |
| NU Nu Holdings Ltd./Cayman Isl-A | Reduce -16.3% | 5.46% | +0.37 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -1.1% | 5.73% | +0.41 |
| META Meta Platforms Inc. Class A | Reduce -14.2% | 5.51% | +0.48 |
| MELI MercadoLibre Inc. | Reduce -24.5% | 5.55% | +0.61 |
| MU Micron Technology Inc. | Reduce -5.5% | 5.59% | +1.17 |
Portfolio Buys Q4 2024 → Q1 2025
| GLBE Global-E Online Ltd. | New | 5.29% | +5.29 |
| CONFLUENT INC (CFLT 0 01/15/27) | New | 5.23% | +5.23 |
| NVDA Nvidia Corp. | Add +6.1% | 5.73% | +0.57 |
| SG Sweetgreen Inc. Class A | Add +6.3% | 4.81% | +0.34 |
| ONTO Onto Innovation Inc. | Add +10.6% | 5.41% | +0.23 |
| FOUR SHIFT4 Payments Inc. Class A | Add +1.4% | 5.41% | +0.18 |
| ACVA Acv Auctions Inc. Class A | Add +20.5% | 5.45% | +0.10 |
| VRT Vertiv Holdings Co. Class A | Add +22.9% | 4.89% | +0.06 |
| AVGO Broadcom Inc. | Add +4.8% | 5.00% | −0.10 |
| ANET Arista Networks Inc. | Add +7.8% | 5.02% | −0.10 |
| FRPT Freshpet Inc. | Add +31.7% | 4.56% | −0.19 |
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 |