Nearwater Capital Markets, Ltd
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 15, 2026), Nearwater Capital Markets, Ltd reported 82 stock positions worth $4.2 billion. Its top holding was Ste STR SPDR PT DW Eu ETF (SPDW) at 6.5% of the portfolio, followed by Apple (AAPL, 6.0%) and Nvidia (NVDA, 5.9%). Compared with Q4 2025, it opened 42 new positions, sold out of 64, added to 8 and reduced 26. The biggest buy was a new position in Ste STR SPDR PT DW Eu ETF (SPDW) and the biggest sale Alphabet Class A (GOOGL, shares −78%).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001915842
- Portfolio Value
- $4.2B (Q1 2026)
- SEC Filing
- 0001915842-26-000007 ↗ filed May 15, 2026
Holdings Value
Holdings 82 stocks · $4.2B
| SPDW Ste STR SPDR PT DW Eu ETF | 6.50% | 6,039,200 | $275.7M | New |
| AAPL Apple Inc. | 6.05% | 1,010,100 | $256.4M | Add +31.9% |
| NVDA Nvidia Corp. | 5.87% | 1,428,000 | $249.0M | Reduce -23.3% |
| GDXJ Vaneck Junior Gold Miners | 4.64% | 1,638,000 | $196.6M | Reduce -0.1% |
| VEA Vanguard Ftse Developed ETF | 3.37% | 2,227,000 | $142.7M | Reduce -52.8% |
| AMZN Amazon.com Inc. | 3.14% | 640,000 | $133.3M | Add +132.7% |
| SNDK Sandisk Corp. | 3.09% | 206,000 | $130.9M | Reduce -24.1% |
| IXUS iShares Core Intl Stock ETF | 2.89% | 1,413,600 | $122.5M | New |
| TERN Terns Pharmaceuticals Inc. | 2.67% | 2,150,400 | $113.4M | Add +26.1% |
| CAT Caterpillar Inc. | 2.54% | 152,000 | $107.7M | New |
| AVGO Broadcom Inc. | 2.20% | 301,000 | $93.2M | Reduce -62.6% |
| JNJ Johnson & Johnson | 2.13% | 370,000 | $90.4M | New |
| ACWI iShares MSCI Acwi ETF | 2.09% | 641,700 | $88.8M | New |
| GOOGL Alphabet Inc. Class A | 1.98% | 292,000 | $84.0M | Reduce -77.7% |
| GDX Vaneck Gold Miners ETF | 1.96% | 904,000 | $83.0M | New |
| WFC Wells Fargo & Co. | 1.89% | 1,004,000 | $79.9M | New |
| VPL Vanguard Ftse Pacific ETF | 1.82% | 787,900 | $77.0M | New |
| NEM Newmont Corp. | 1.79% | 702,000 | $76.0M | New |
| COPX Global X Copper Miners ETF | 1.68% | 934,400 | $71.3M | New |
| KWEB Kranesh Csi China Internet | 1.60% | 2,381,200 | $67.7M | Add +197.7% |
| TER Teradyne Inc. | 1.57% | 225,000 | $66.7M | New |
| RVMD Revolution Medicines Inc. | 1.56% | 678,000 | $65.9M | New |
| NCLH Norwegian Cruise Line Holdin | 1.50% | 3,405,000 | $63.7M | New |
| PG The Procter & Gamble Co. | 1.48% | 435,000 | $62.8M | New |
| META Meta Platforms Inc. Class A | 1.44% | 107,000 | $61.2M | Reduce -73.9% |
| MSFT Microsoft Corp. | 1.44% | 165,000 | $61.1M | Reduce -77.7% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.40% | 124,000 | $59.4M | Add +210.0% |
| MA Mastercard Inc. Class A | 1.28% | 109,000 | $54.5M | New |
| CELC Celcuity Inc. | 1.27% | 473,100 | $54.0M | Reduce -9.1% |
| IBIT iShares Bitcoin Trust ETF | 1.26% | 1,384,800 | $53.2M | No change |
| CVX Chevron Corp. | 1.23% | 251,000 | $51.9M | New |
| INSM Insmed Inc. | 1.16% | 300,000 | $49.1M | Reduce -40.0% |
| TTWO Take-Two Interactive Softwre | 1.05% | 226,000 | $44.6M | New |
| ITOT iShares Core S&P Total U.S. | 1.04% | 310,000 | $44.2M | New |
| SPHR Sphere Entertainment Co. | 1.04% | 375,000 | $44.0M | Add +50.0% |
| ABT Abbott Laboratories | 1.03% | 425,000 | $43.6M | New |
| AMAT Applied Materials Inc. | 1.00% | 124,000 | $42.4M | New |
| ANET Arista Networks Inc. | 0.92% | 319,000 | $39.2M | Reduce -23.9% |
| LLY Eli Lilly & Co. | 0.87% | 40,000 | $36.8M | New |
| HESM Hess Midstream LP Class A | 0.83% | 900,000 | $35.0M | New |
| QQQI Neos Nasdaq-100 High Inc. ETF | 0.82% | 700,000 | $34.8M | New |
| MCD McDonald's Corp. | 0.80% | 109,000 | $33.9M | Reduce -52.6% |
| EEM iShares MSCI Emerging Market | 0.77% | 577,500 | $32.8M | New |
| AMT American Tower Corp. | 0.77% | 190,000 | $32.8M | New |
| ADBE Adobe Inc. | 0.76% | 133,000 | $32.3M | Add +166.0% |
| SNPS Synopsys Inc. | 0.75% | 80,000 | $31.7M | New |
| WBS Webster Financial Corp. | 0.67% | 412,000 | $28.6M | New |
| CMI Cummins Inc. | 0.67% | 53,000 | $28.5M | New |
| ROST Ross Stores Inc. | 0.66% | 130,000 | $28.2M | New |
| GILD Gilead Sciences Inc. | 0.66% | 200,000 | $27.9M | Reduce -80.3% |
| MSI Motorola Solutions Inc. | 0.61% | 60,000 | $26.0M | New |
| LRCX Lam Research Corp. | 0.59% | 118,000 | $25.2M | Reduce -85.6% |
| UNH Unitedhealth Group Inc. | 0.57% | 90,000 | $24.4M | New |
| GTLS Chart Industries Inc. | 0.54% | 110,000 | $22.7M | New |
| RTX RTX Corp. | 0.49% | 108,000 | $20.8M | New |
| SJM The JM Smucker Co. filed as SMUCKER J M CO | 0.46% | 200,000 | $19.3M | Reduce -70.6% |
| NKTR Nektar Therapeutics | 0.44% | 261,500 | $18.8M | Add +325.2% |
| OS Onestream Inc. | 0.40% | 707,800 | $17.0M | New |
| PEN Penumbra Inc. | 0.39% | 50,000 | $16.4M | New |
| COF Capital One Financial Corp. | 0.38% | 88,500 | $16.1M | New |
| WDAY Workday Inc. Class A | 0.35% | 115,000 | $14.9M | Reduce -23.3% |
| ARQT Arcutis Biotherapeutics Inc. | 0.34% | 607,300 | $14.3M | Reduce -1.3% |
| CX Cemex Sab-Spons ADR Part Cer | 0.32% | 1,189,900 | $13.6M | No change |
| FNDF Schwab Fndmn Intl LRG Co. ETF | 0.25% | 214,000 | $10.5M | New |
| NOW ServiceNow Inc. | 0.23% | 95,000 | $9.9M | Reduce -71.2% |
| PBF PBF Energy Inc. Class A | 0.22% | 200,000 | $9.5M | New |
| ESGE iShares Inc. iShares ESG Awar | 0.21% | 200,000 | $9.1M | New |
| PDD PDD Holdings Inc. | 0.20% | 83,100 | $8.5M | No change |
| TAL Tal Education Group- ADR filed as TAL ED GROUP | 0.19% | 700,000 | $8.0M | No change |
| BZ Kanzhun Ltd. - ADR | 0.17% | 538,300 | $7.2M | Reduce -10.3% |
| TTMI TTM Technologies | 0.15% | 65,900 | $6.4M | Reduce -88.2% |
| CALX Calix Inc. | 0.14% | 118,200 | $5.8M | New |
| IBN Icici Bank Ltd.-Spon ADR | 0.11% | 180,300 | $4.7M | No change |
| REGN Regeneron Pharmaceuticals | 0.09% | 5,000 | $3.9M | Reduce -83.3% |
| IAU iShares Gold Trust | 0.09% | 43,400 | $3.8M | Reduce -1.6% |
| ACMR Acm Research Inc. Class A | 0.09% | 94,200 | $3.7M | Reduce -73.2% |
| FUN Six Flags Entertainment Corp. | 0.08% | 194,000 | $3.4M | Reduce -89.0% |
| QFIN Qfin Holdings Inc.-ADR | 0.08% | 250,000 | $3.2M | No change |
| WELL Welltower Inc. | 0.07% | 14,600 | $2.9M | New |
| FNDE Schwab Fndmntl Em MRK Eq ETF | 0.06% | 66,900 | $2.6M | New |
| HTHT H World Group Ltd.-ADR | 0.03% | 28,000 | $1.4M | Reduce -93.5% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.02% | 17,000 | $829K | Reduce -98.9% |
Portfolio Sells Q4 2025 → Q1 2026
| GOOGL Alphabet Inc. Class A | Reduce -77.7% | 1.98% | −5.03 |
| MSFT Microsoft Corp. | Reduce -77.7% | 1.44% | −4.69 |
| MU Micron Technology Inc. | Sold out | 0.00% | −3.37 |
| META Meta Platforms Inc. Class A | Reduce -73.9% | 1.44% | −3.18 |
| WMT Walmart Inc. | Sold out | 0.00% | −3.16 |
| AVGO Broadcom Inc. | Reduce -62.6% | 2.20% | −2.56 |
| TSLA Tesla Inc. | Sold out | 0.00% | −2.20 |
| MRVL Marvell Technology Inc. | Sold out | 0.00% | −2.17 |
| LUV Southwest Airlines Co. | Sold out | 0.00% | −1.98 |
| FXI iShares China Large-Cap ETF | Sold out | 0.00% | −1.82 |
| LRCX Lam Research Corp. | Reduce -85.6% | 0.59% | −1.81 |
| VEA Vanguard Ftse Developed ETF | Reduce -52.8% | 3.37% | −1.67 |
| GILD Gilead Sciences Inc. | Reduce -80.3% | 0.66% | −1.47 |
| BAC Bank of America Corp. | Reduce -98.9% | 0.02% | −1.44 |
| VT Vanguard Tot World STK ETF | Sold out | 0.00% | −1.27 |
| SCHW Schwab (charles) Corp. | Sold out | 0.00% | −1.23 |
| COST Costco Wholesale Corp. | Sold out | 0.00% | −1.19 |
| TJX TJX Companies Inc. | Sold out | 0.00% | −1.16 |
| FISV Fiserv Inc. | Sold out | 0.00% | −1.14 |
| VCIT Vanguard Int-Term Corporate | Sold out | 0.00% | −1.12 |
| BKNG Booking Holdings Inc. | Sold out | 0.00% | −1.10 |
| BSV Vanguard Short-Term Bond ETF | Sold out | 0.00% | −1.08 |
| SJM The JM Smucker Co. | Reduce -70.6% | 0.46% | −0.68 |
| PEP Pepsico Inc. | Sold out | 0.00% | −0.66 |
| TMUS T-Mobile US Inc. | Sold out | 0.00% | −0.66 |
| UNP Union Pacific Corp. | Sold out | 0.00% | −0.64 |
| NOW ServiceNow Inc. | Reduce -71.2% | 0.23% | −0.63 |
| KVUE Kenvue Inc. | Sold out | 0.00% | −0.59 |
| GE General Electric | Sold out | 0.00% | −0.58 |
| NFLX Netflix Inc. | Sold out | 0.00% | −0.56 |
| LRN Stride Inc. | Sold out | 0.00% | −0.54 |
| TTMI TTM Technologies | Reduce -88.2% | 0.15% | −0.51 |
| PKG Packaging Corp. of America | Sold out | 0.00% | −0.50 |
| EFA iShares MSCI Eafe ETF | Sold out | 0.00% | −0.49 |
| DIS The Walt Disney Co. | Sold out | 0.00% | −0.49 |
| HON Honeywell International Inc. | Sold out | 0.00% | −0.49 |
| RNAM Avidity Biosciences Inc. | Sold out | 0.00% | −0.44 |
| GLDM SPDR Gold Minishares Trust | Sold out | 0.00% | −0.40 |
| MCD McDonald's Corp. | Reduce -52.6% | 0.80% | −0.40 |
| FUN Six Flags Entertainment Corp. | Reduce -89.0% | 0.08% | −0.38 |
| VWO Vanguard Ftse Emerging Marke | Sold out | 0.00% | −0.36 |
| KVYO Klaviyo Inc. Class A | Sold out | 0.00% | −0.33 |
| INSM Insmed Inc. | Reduce -40.0% | 1.16% | −0.33 |
| H Hyatt Hotels Corp. Class A | Sold out | 0.00% | −0.33 |
| COMP Compass Inc. Class A | Sold out | 0.00% | −0.31 |
| HTHT H World Group Ltd.-ADR | Reduce -93.5% | 0.03% | −0.31 |
| REGN Regeneron Pharmaceuticals | Reduce -83.3% | 0.09% | −0.30 |
| KLAC KLA Corp. | Sold out | 0.00% | −0.29 |
| TPC Tutor Perini Corp. | Sold out | 0.00% | −0.26 |
| AVB Avalonbay Communities Inc. | Sold out | 0.00% | −0.25 |
Portfolio Buys Q4 2025 → Q1 2026
| SPDW Ste STR SPDR PT DW Eu ETF | New | 6.50% | +6.50 |
| IXUS iShares Core Intl Stock ETF | New | 2.89% | +2.89 |
| CAT Caterpillar Inc. | New | 2.54% | +2.54 |
| AAPL Apple Inc. | Add +31.9% | 6.05% | +2.49 |
| JNJ Johnson & Johnson | New | 2.13% | +2.13 |
| ACWI iShares MSCI Acwi ETF | New | 2.09% | +2.09 |
| AMZN Amazon.com Inc. | Add +132.7% | 3.14% | +2.06 |
| GDX Vaneck Gold Miners ETF | New | 1.96% | +1.96 |
| WFC Wells Fargo & Co. | New | 1.89% | +1.89 |
| VPL Vanguard Ftse Pacific ETF | New | 1.82% | +1.82 |
| NEM Newmont Corp. | New | 1.79% | +1.79 |
| COPX Global X Copper Miners ETF | New | 1.68% | +1.68 |
| TER Teradyne Inc. | New | 1.57% | +1.57 |
| RVMD Revolution Medicines Inc. | New | 1.56% | +1.56 |
| NCLH Norwegian Cruise Line Holdin | New | 1.50% | +1.50 |
| TERN Terns Pharmaceuticals Inc. | Add +26.1% | 2.67% | +1.50 |
| PG The Procter & Gamble Co. | New | 1.48% | +1.48 |
| MA Mastercard Inc. Class A | New | 1.28% | +1.28 |
| CVX Chevron Corp. | New | 1.23% | +1.23 |
| KWEB Kranesh Csi China Internet | Add +197.7% | 1.60% | +1.13 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +210.0% | 1.40% | +1.06 |
| TTWO Take-Two Interactive Softwre | New | 1.05% | +1.05 |
| ITOT iShares Core S&P Total U.S. | New | 1.04% | +1.04 |
| ABT Abbott Laboratories | New | 1.03% | +1.03 |
| AMAT Applied Materials Inc. | New | 1.00% | +1.00 |
| LLY Eli Lilly & Co. | New | 0.87% | +0.87 |
| HESM Hess Midstream LP Class A | New | 0.83% | +0.83 |
| QQQI Neos Nasdaq-100 High Inc. ETF | New | 0.82% | +0.82 |
| EEM iShares MSCI Emerging Market | New | 0.77% | +0.77 |
| AMT American Tower Corp. | New | 0.77% | +0.77 |
| SNPS Synopsys Inc. | New | 0.75% | +0.75 |
| WBS Webster Financial Corp. | New | 0.67% | +0.67 |
| CMI Cummins Inc. | New | 0.67% | +0.67 |
| ROST Ross Stores Inc. | New | 0.66% | +0.66 |
| SPHR Sphere Entertainment Co. | Add +50.0% | 1.04% | +0.63 |
| MSI Motorola Solutions Inc. | New | 0.61% | +0.61 |
| UNH Unitedhealth Group Inc. | New | 0.57% | +0.57 |
| GTLS Chart Industries Inc. | New | 0.54% | +0.54 |
| RTX RTX Corp. | New | 0.49% | +0.49 |
| ADBE Adobe Inc. | Add +166.0% | 0.76% | +0.46 |
| OS Onestream Inc. | New | 0.40% | +0.40 |
| NKTR Nektar Therapeutics | Add +325.2% | 0.44% | +0.40 |
| PEN Penumbra Inc. | New | 0.39% | +0.39 |
| COF Capital One Financial Corp. | New | 0.38% | +0.38 |
| FNDF Schwab Fndmn Intl LRG Co. ETF | New | 0.25% | +0.25 |
| PBF PBF Energy Inc. Class A | New | 0.22% | +0.22 |
| ESGE iShares Inc. iShares ESG Awar | New | 0.21% | +0.21 |
| CALX Calix Inc. | New | 0.14% | +0.14 |
| WELL Welltower Inc. | New | 0.07% | +0.07 |
| FNDE Schwab Fndmntl Em MRK Eq ETF | New | 0.06% | +0.06 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 100 | $5.8B | RVMD, AMZN, GDX, SNDK, AMD |
| Q1 2026 | 82 | $4.2B | SPDW, AAPL, NVDA, GDXJ, VEA |
| Q4 2025 | 104 | $5.8B | GOOGL, MSFT, NVDA, VEA, AVGO |
| Q3 2025 | 144 | $7.5B | IVV, NVDA, MSFT, AAPL, AVGO |
| Q2 2025 | 103 | $6.3B | IVV, NVDA, META, AVGO, MSFT |
| Q1 2025 | 89 | $3.5B | IVV, SPY, AVGO, NVDA, MSFT |
| Q4 2024 | 78 | $3.5B | IVV, AVGO, NVDA, MA, GS |