Deepwater Asset Management, LLC
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 14, 2026), Deepwater Asset Management, LLC reported 39 stock positions worth $157.8 million. Its top holding was Reddit Class A (RDDT) at 5.6% of the portfolio, followed by Sterling Infrastructure (STRL, 5.3%) and Nu Holdings Ltd./Cayman Isl-A (NU, 4.8%). Compared with Q4 2025, it opened 7 new positions, sold out of 14, added to 9 and reduced 20. The biggest buy was a new position in Credo Technology Group Holdi (CRDO) and the biggest sale an exit from Confluent Class A (CFLT).
- Most Recent 13F
- Q2 2026
- Location
- Minneapolis, MN
- CIK
- 0001964171
- Portfolio Value
- $157.8M (Q1 2026)
- SEC Filing
- 0001172661-26-001817 ↗ filed May 14, 2026
Holdings Value
Holdings 39 stocks · $157.8M
| RDDT Reddit Inc. Class A | 5.61% | 65,719 | $8.8M | Reduce -6.3% |
| STRL Sterling Infrastructure Inc. | 5.34% | 20,695 | $8.4M | Add +36.8% |
| NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD | 4.79% | 526,566 | $7.6M | Reduce -47.2% |
| CRDO Credo Technology Group Holdi | 4.37% | 73,433 | $6.9M | New |
| UBER Uber Technologies Inc. | 3.95% | 86,754 | $6.2M | Reduce -52.2% |
| VRT Vertiv Holdings Co. Class A | 3.92% | 24,670 | $6.2M | Reduce -28.6% |
| DDOG Datadog Inc. Class A | 3.82% | 51,023 | $6.0M | Add +62.2% |
| MRVL Marvell Technology Inc. | 3.43% | 54,612 | $5.4M | New |
| LRCX Lam Research Corp. | 3.24% | 23,963 | $5.1M | Reduce -19.6% |
| ASML ASML Holding NV-NY Reg SHS filed as ASML HLDG NV | 3.18% | 3,795 | $5.0M | Reduce -12.4% |
| RMBS Rambus Inc. | 3.16% | 58,036 | $5.0M | New |
| MELI MercadoLibre Inc. | 3.13% | 2,860 | $4.9M | Reduce -63.2% |
| COHR Coherent Corp. | 3.03% | 20,053 | $4.8M | Reduce -23.2% |
| CCJ Cameco Corp. | 3.00% | 43,568 | $4.7M | Reduce -18.4% |
| ISRG Intuitive Surgical Inc. | 2.99% | 10,252 | $4.7M | Reduce -59.3% |
| FOUR SHIFT4 Payments Inc. Class A | 2.97% | 107,110 | $4.7M | Reduce -48.1% |
| TTWO Take-Two Interactive Softwre | 2.95% | 23,575 | $4.7M | Add +20.1% |
| VST Vistra Corp. | 2.95% | 30,925 | $4.6M | Add +5.8% |
| SHOP Shopify Inc. Class A | 2.85% | 37,902 | $4.5M | New |
| GLBE Global-E Online Ltd. | 2.82% | 144,199 | $4.4M | Reduce -63.2% |
| RBRK Rubrik Inc. Class A | 2.75% | 88,506 | $4.3M | Reduce -45.9% |
| TEAM Atlassian Corp. Class A | 2.67% | 61,676 | $4.2M | Reduce -32.3% |
| SNOW Snowflake Inc. | 2.64% | 27,674 | $4.2M | Add +28.5% |
| AVAV Aerovironment Inc. | 2.63% | 22,640 | $4.1M | Reduce -21.6% |
| MRCY Mercury Systems Inc. | 2.62% | 56,624 | $4.1M | Reduce -16.1% |
| APP AppLovin Corp. Class A | 2.47% | 9,783 | $3.9M | Reduce -60.4% |
| AXON Axon Enterprise Inc. | 2.44% | 9,051 | $3.8M | Add +3.2% |
| NET Cloudflare Inc. Class A | 0.97% | 7,425 | $1.5M | New |
| GOOG Alphabet Inc. Class C | 0.94% | 5,155 | $1.5M | No change |
| TSM Taiwan Semiconductor-SP ADR | 0.93% | 4,322 | $1.5M | Reduce -25.5% |
| AMZN Amazon.com Inc. | 0.92% | 6,951 | $1.4M | Add +121.5% |
| SNPS Synopsys Inc. | 0.89% | 3,551 | $1.4M | No change |
| AAPL Apple Inc. | 0.87% | 5,409 | $1.4M | Add +50.0% |
| NVDA Nvidia Corp. | 0.85% | 7,716 | $1.3M | Reduce -16.1% |
| AVGO Broadcom Inc. | 0.85% | 4,342 | $1.3M | No change |
| PCOR Procore Technologies Inc. | 0.82% | 22,771 | $1.3M | New |
| TOST Toast Inc. Class A | 0.78% | 46,180 | $1.2M | New |
| CRWV Coreweave Inc. Class A | 0.77% | 15,614 | $1.2M | Add +41.8% |
| MU Micron Technology Inc. | 0.74% | 3,454 | $1.2M | Reduce -52.1% |
Portfolio Sells Q4 2025 → Q1 2026
| CFLT Confluent Inc. Class A | Sold out | 0.00% | −3.61 |
| CVNA Carvana Co. | Sold out | 0.00% | −3.30 |
| META Meta Platforms Inc. Class A | Sold out | 0.00% | −3.21 |
| BROS Dutch Bros Inc. Class A | Sold out | 0.00% | −3.19 |
| FRPT Freshpet Inc. | Sold out | 0.00% | −2.82 |
| WDAY Workday Inc. Class A | Sold out | 0.00% | −2.72 |
| NTRA Natera Inc. | Sold out | 0.00% | −2.65 |
| FWRG First Watch Restaurant Group | Sold out | 0.00% | −2.53 |
| ALAB Astera Labs Inc. | Sold out | 0.00% | −2.49 |
| APP AppLovin Corp. Class A | Reduce -60.4% | 2.47% | −2.38 |
| RBLX Roblox Corp. Class A | Sold out | 0.00% | −1.96 |
| FSLR First Solar Inc. | Sold out | 0.00% | −1.91 |
| GLBE Global-E Online Ltd. | Reduce -63.2% | 2.82% | −1.67 |
| TEAM Atlassian Corp. Class A | Reduce -32.3% | 2.67% | −1.64 |
| MELI MercadoLibre Inc. | Reduce -63.2% | 3.13% | −1.42 |
| LNG Cheniere Energy Inc. | Sold out | 0.00% | −1.37 |
| GTLB Gitlab Inc. Class A | Sold out | 0.00% | −1.36 |
| ISRG Intuitive Surgical Inc. | Reduce -59.3% | 2.99% | −1.16 |
| RBRK Rubrik Inc. Class A | Reduce -45.9% | 2.75% | −0.90 |
| FOUR SHIFT4 Payments Inc. Class A | Reduce -48.1% | 2.97% | −0.81 |
| SE Sea Ltd.-ADR | Sold out | 0.00% | −0.45 |
| UBER Uber Technologies Inc. | Reduce -52.2% | 3.95% | −0.37 |
| NU Nu Holdings Ltd./Cayman Isl-A | Reduce -47.2% | 4.79% | −0.07 |
| MU Micron Technology Inc. | Reduce -52.1% | 0.74% | +0.14 |
| NVDA Nvidia Corp. | Reduce -16.1% | 0.85% | +0.35 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -25.5% | 0.93% | +0.41 |
| AVAV Aerovironment Inc. | Reduce -21.6% | 2.63% | +0.59 |
| RDDT Reddit Inc. Class A | Reduce -6.3% | 5.61% | +0.91 |
| MRCY Mercury Systems Inc. | Reduce -16.1% | 2.62% | +1.18 |
| CCJ Cameco Corp. | Reduce -18.4% | 3.00% | +1.57 |
| COHR Coherent Corp. | Reduce -23.2% | 3.03% | +1.62 |
| LRCX Lam Research Corp. | Reduce -19.6% | 3.24% | +1.76 |
| ASML ASML Holding NV-NY Reg SHS | Reduce -12.4% | 3.18% | +1.83 |
| VRT Vertiv Holdings Co. Class A | Reduce -28.6% | 3.92% | +2.29 |
Portfolio Buys Q4 2025 → Q1 2026
| CRDO Credo Technology Group Holdi | New | 4.37% | +4.37 |
| STRL Sterling Infrastructure Inc. | Add +36.8% | 5.34% | +3.99 |
| MRVL Marvell Technology Inc. | New | 3.43% | +3.43 |
| RMBS Rambus Inc. | New | 3.16% | +3.16 |
| SHOP Shopify Inc. Class A | New | 2.85% | +2.85 |
| DDOG Datadog Inc. Class A | Add +62.2% | 3.82% | +2.57 |
| VST Vistra Corp. | Add +5.8% | 2.95% | +1.57 |
| TTWO Take-Two Interactive Softwre | Add +20.1% | 2.95% | +1.49 |
| SNOW Snowflake Inc. | Add +28.5% | 2.64% | +1.27 |
| AXON Axon Enterprise Inc. | Add +3.2% | 2.44% | +0.98 |
| NET Cloudflare Inc. Class A | New | 0.97% | +0.97 |
| PCOR Procore Technologies Inc. | New | 0.82% | +0.82 |
| TOST Toast Inc. Class A | New | 0.78% | +0.78 |
| AMZN Amazon.com Inc. | Add +121.5% | 0.92% | +0.71 |
| AAPL Apple Inc. | Add +50.0% | 0.87% | +0.58 |
| CRWV Coreweave Inc. Class A | Add +41.8% | 0.77% | +0.54 |
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 |