Riverwater Partners LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 21, 2025), Riverwater Partners LLC reported 202 stock positions worth $194.8 million. Its top holding was Convergence Long/Short Eqy (CLSE) at 5.8% of the portfolio, followed by Grand Canyon Education (LOPE, 2.6%) and Interdigital (IDCC, 2.4%). Compared with Q4 2024, it opened 21 new positions, sold out of 31, added to 86 and reduced 90. The biggest buy was Avantis Resp Emerg MKTS Eq-E (AVSE, shares +173%) and the biggest sale CNX Resources (CNX, shares −36%).
- Most Recent 13F
- Q2 2026
- Location
- Milwaukee, WI
- CIK
- 0001882572
- Portfolio Value
- $194.8M (Q1 2025)
- SEC Filing
- 0001941040-25-000222 ↗ filed Apr 21, 2025
Holdings Value
Holdings 202 stocks · $194.8M
| CLSE Convergence Long/Short Eqy | 5.77% | 520,106 | $11.2M | Reduce -8.1% |
| LOPE Grand Canyon Education Inc. | 2.64% | 29,759 | $5.1M | Reduce -0.7% |
| IDCC Interdigital Inc. | 2.35% | 22,186 | $4.6M | Reduce -23.5% |
| EFV iShares MSCI Eafe Value ETF | 2.19% | 72,288 | $4.3M | Reduce -18.4% |
| LMNR Limoneira Co. | 2.19% | 240,389 | $4.3M | Reduce -6.2% |
| TGLS Tecnoglass Holdings Inc. | 2.11% | 57,349 | $4.1M | Reduce -6.9% |
| AVSE Avantis Resp Emerg MKTS Eq-E | 1.86% | 70,612 | $3.6M | Add +173.3% |
| SNEX Stonex Group Inc. | 1.70% | 43,249 | $3.3M | No change |
| HAE Haemonetics Corp. | 1.63% | 50,014 | $3.2M | Reduce -0.7% |
| CCB Coastal Financial Corp. | 1.39% | 29,859 | $2.7M | Reduce -18.6% |
| CPK Chesapeake Utilities Corp. | 1.34% | 20,327 | $2.6M | Add +0.0% |
| CNX CNX Resources Corp. | 1.30% | 80,173 | $2.5M | Reduce -36.3% |
| KRBN KS Global Carbon Stratgy ETF | 1.29% | 89,383 | $2.5M | Add +7.0% |
| BKH Black Hills Corp. | 1.29% | 41,586 | $2.5M | Add +0.0% |
| PLMR Palomar Holdings Inc. | 1.27% | 18,054 | $2.5M | Add +0.0% |
| LMAT Lemaitre Vascular Inc. | 1.26% | 29,213 | $2.5M | Reduce -5.1% |
| PLXS Plexus Corp. | 1.20% | 18,201 | $2.3M | Reduce -1.1% |
| TNC Tennant Co. | 1.19% | 29,152 | $2.3M | Add +0.0% |
| AVSD Avantis Reps Intern Equi ETF | 1.16% | 37,641 | $2.3M | Add +225.3% |
| DGX Quest Diagnostics Inc. | 1.15% | 13,213 | $2.2M | Add +27.6% |
| IVV iShares Core S&P 500 ETF | 1.14% | 3,960 | $2.2M | New |
| CROX Crocs Inc. | 1.09% | 19,930 | $2.1M | Reduce -0.2% |
| EXEL Exelixis Inc. | 1.07% | 56,406 | $2.1M | Reduce -1.8% |
| CBT Cabot Corp. | 1.00% | 23,444 | $1.9M | Add +0.0% |
| MSFT Microsoft Corp. | 0.99% | 5,145 | $1.9M | Add +19.4% |
| MMSI Merit Medical Systems Inc. | 0.98% | 18,070 | $1.9M | Add +0.0% |
| GOOGL Alphabet Inc. Class A | 0.98% | 12,288 | $1.9M | Add +4.7% |
| ATMU Atmus Filtration Technologie | 0.96% | 50,764 | $1.9M | Add +0.0% |
| VECO Veeco Instruments Inc. | 0.96% | 92,709 | $1.9M | Add +1.1% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.95% | 3,470 | $1.8M | Add +4.8% |
| SKWD Skyward Specialty Insurance | 0.93% | 34,399 | $1.8M | Reduce -1.8% |
| WAL Western Alliance Bancorp | 0.89% | 22,506 | $1.7M | Reduce -1.7% |
| ICFI Icf International Inc. | 0.88% | 20,251 | $1.7M | Add +71.8% |
| SCHW Schwab (charles) Corp. | 0.88% | 21,826 | $1.7M | Reduce -1.0% |
| UEC Uranium Energy Corp. | 0.85% | 344,732 | $1.6M | Add +0.0% |
| CFR Cullen/Frost Bankers Inc. | 0.81% | 12,676 | $1.6M | Reduce -1.8% |
| DOX Amdocs Ltd. | 0.78% | 16,669 | $1.5M | Reduce -1.6% |
| PCRB Putnam ESG Core Bond ETF | 0.78% | 31,226 | $1.5M | Reduce -1.1% |
| BOW Bowhead Specialty Holdings I | 0.76% | 36,507 | $1.5M | New |
| PGR Progressive Corp. | 0.74% | 5,112 | $1.4M | Reduce -1.4% |
| COOP Mr Cooper Group Inc. | 0.74% | 12,075 | $1.4M | Reduce -1.8% |
| UNH Unitedhealth Group Inc. | 0.74% | 2,756 | $1.4M | Add +8.9% |
| RRC Range Resources Corp. | 0.74% | 35,868 | $1.4M | New |
| PNW Pinnacle West Capital | 0.73% | 15,029 | $1.4M | Add +5.4% |
| ITGR Integer Holdings Corp. | 0.73% | 11,983 | $1.4M | Add +0.0% |
| STKL Sunopta Inc. | 0.72% | 290,123 | $1.4M | New |
| LNTH Lantheus Holdings Inc. | 0.72% | 14,368 | $1.4M | Add +28.5% |
| NNN NNN REIT Inc. | 0.72% | 32,664 | $1.4M | Add +132.3% |
| NCMI National Cinemedia Inc. | 0.71% | 236,718 | $1.4M | Reduce -12.4% |
| IRDM Iridium Communications Inc. | 0.69% | 49,261 | $1.3M | Reduce -51.5% |
| MDU Mdu Resources Group Inc. | 0.69% | 78,950 | $1.3M | Add +55.7% |
| GOLD Gold.com Inc. filed as A-MARK PRECIOUS METALS INC | 0.68% | 52,084 | $1.3M | Reduce -6.6% |
| MOD Modine Manufacturing Co. | 0.67% | 16,903 | $1.3M | No change |
| AZZ Azz Inc. | 0.66% | 15,274 | $1.3M | Reduce -2.1% |
| JLL Jones Lang Lasalle Inc. | 0.65% | 5,131 | $1.3M | Reduce -2.2% |
| AGM Federal Agric MTG Corp. Class C | 0.64% | 6,622 | $1.2M | Reduce -43.7% |
| VSTS Vestis Corp. | 0.63% | 124,832 | $1.2M | Add +0.0% |
| V Visa Inc. Class A | 0.62% | 3,470 | $1.2M | Reduce -8.9% |
| BJ Bj's Wholesale Club Holdings filed as BJS WHSL CLUB HLDGS INC | 0.62% | 10,607 | $1.2M | Reduce -8.4% |
| PNFP Pinnacle Financial Partners | 0.59% | 10,850 | $1.2M | New |
| CVLC Calvert US L-C CR Resp Index | 0.55% | 15,561 | $1.1M | Add +26.4% |
| ARMK Aramark | 0.54% | 30,579 | $1.1M | Add +12.2% |
| AAAU Goldman Sachs Physical Gold | 0.54% | 33,915 | $1.0M | Add +17.6% |
| CIEN Ciena Corp. | 0.54% | 17,309 | $1.0M | Reduce -1.7% |
| AAPL Apple Inc. | 0.52% | 4,585 | $1.0M | Add +67.9% |
| LLY Eli Lilly & Co. | 0.51% | 1,201 | $992K | Add +12.4% |
| AM Antero Midstream Corp. | 0.50% | 54,124 | $974K | New |
| MGNI Magnite Inc. | 0.49% | 84,179 | $960K | Add +0.0% |
| AMZN Amazon.com Inc. | 0.48% | 4,961 | $944K | Add +39.8% |
| LPX Louisiana-Pacific Corp. | 0.48% | 10,104 | $929K | Reduce -1.8% |
| NVDA Nvidia Corp. | 0.46% | 8,180 | $887K | Add +59.0% |
| DHR Danaher Corp. | 0.45% | 4,292 | $880K | Add +41.7% |
| ESGU iShares ESG Aware MSCI USA | 0.43% | 6,826 | $832K | Add +38.7% |
| TMO Thermo Fisher Scientific Inc. | 0.42% | 1,660 | $826K | Reduce -8.4% |
| ICE Intercontinental Exchange Inc. | 0.42% | 4,721 | $814K | Reduce -5.2% |
| BKNG Booking Holdings Inc. | 0.39% | 167 | $769K | Reduce -2.9% |
| DAR Darling Ingredients Inc. | 0.39% | 24,533 | $766K | Reduce -2.0% |
| COST Costco Wholesale Corp. | 0.39% | 810 | $766K | Reduce -5.0% |
| LIN Linde PLC | 0.36% | 1,499 | $698K | Reduce -5.5% |
| ECL Ecolab Inc. | 0.34% | 2,634 | $668K | Reduce -9.1% |
| OWNS CCM Affordable Hous MBS ETF | 0.34% | 38,323 | $657K | Reduce -0.8% |
| FERG Ferguson Enterprises Inc. | 0.34% | 4,082 | $654K | Add +5.7% |
| SONY Sony Group Corp. - SP ADR | 0.33% | 25,390 | $645K | Reduce -4.5% |
| NEE Nextera Energy Inc. | 0.32% | 8,755 | $621K | Add +0.1% |
| GOOG Alphabet Inc. Class C | 0.31% | 3,895 | $609K | Add +1.0% |
| CARR Carrier Global Corp. | 0.31% | 9,583 | $608K | Add +16.4% |
| PNC PNC Financial Services Group | 0.31% | 3,403 | $598K | Add +2.6% |
| AVY Avery Dennison Corp. | 0.31% | 3,345 | $595K | Reduce -2.5% |
| MAS Masco Corp. | 0.29% | 8,232 | $572K | Reduce -2.6% |
| FISV Fiserv Inc. | 0.29% | 2,591 | $572K | Reduce -18.1% |
| PCAR Paccar Inc. | 0.29% | 5,772 | $562K | Add +2.0% |
| ORLY O'reilly Automotive Inc. | 0.28% | 387 | $554K | Reduce -7.6% |
| MA Mastercard Inc. Class A | 0.28% | 1,007 | $552K | Reduce -13.7% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.28% | 4,410 | $537K | Reduce -40.6% |
| UL Unilever PLC | 0.27% | 8,961 | $534K | Reduce -3.1% |
| KMX Carmax Inc. | 0.27% | 6,810 | $531K | Reduce -4.0% |
| ORCL Oracle Corp. | 0.27% | 3,764 | $526K | Add +2.2% |
| META Meta Platforms Inc. Class A | 0.26% | 886 | $511K | Add +54.9% |
| STE Steris PLC | 0.26% | 2,213 | $502K | Reduce -53.9% |
| ACN Accenture PLC Class A | 0.26% | 1,596 | $498K | Reduce -6.4% |
Portfolio Sells Q4 2024 → Q1 2025
| CNX CNX Resources Corp. | Reduce -36.3% | 1.30% | −0.95 |
| LMNR Limoneira Co. | Reduce -6.2% | 2.19% | −0.86 |
| IRDM Iridium Communications Inc. | Reduce -51.5% | 0.69% | −0.74 |
| PJT PJT Partners Inc. Class A | Sold out | 0.00% | −0.68 |
| CG The Carlyle Group Inc. | Sold out | 0.00% | −0.56 |
| AMKR Amkor Technology Inc. | Sold out | 0.00% | −0.55 |
| CLSE Convergence Long/Short Eqy | Reduce -8.1% | 5.77% | −0.54 |
| ONTO Onto Innovation Inc. | Sold out | 0.00% | −0.53 |
| EMSF Matthews Em Sustainable | Sold out | 0.00% | −0.52 |
| BRC INC-A | Sold out | 0.00% | −0.51 |
| AGM Federal Agric MTG Corp. Class C | Reduce -43.7% | 0.64% | −0.49 |
| IDCC Interdigital Inc. | Reduce -23.5% | 2.35% | −0.38 |
| IWM iShares Russell 2000 ETF | Sold out | 0.00% | −0.30 |
| HAE Haemonetics Corp. | Reduce -0.7% | 1.63% | −0.28 |
| TGLS Tecnoglass Holdings Inc. | Reduce -6.9% | 2.11% | −0.27 |
| STE Steris PLC | Reduce -53.9% | 0.26% | −0.22 |
| FBIZ First Business Financial Ser | Sold out | 0.00% | −0.20 |
| MUB iShares National Muni Bond E | Sold out | 0.00% | −0.20 |
| PLXS Plexus Corp. | Reduce -1.1% | 1.20% | −0.20 |
| IRMD Iradimed Corp. | Sold out | 0.00% | −0.20 |
| PWP Perella Weinberg Partners | Sold out | 0.00% | −0.20 |
| CIEN Ciena Corp. | Reduce -1.7% | 0.54% | −0.19 |
| ARIS WATER SOLUTIONS INC-A | Sold out | 0.00% | −0.18 |
| CRAI Cra International Inc. | Sold out | 0.00% | −0.17 |
| MEC Mayville Engineering Co. Inc. | Sold out | 0.00% | −0.17 |
| NCMI National Cinemedia Inc. | Reduce -12.4% | 0.71% | −0.16 |
| TJX TJX Companies Inc. | Reduce -40.6% | 0.28% | −0.16 |
| UTL Unitil Corp. | Sold out | 0.00% | −0.15 |
| IMXI International Money Express | Sold out | 0.00% | −0.15 |
| MU Micron Technology Inc. | Sold out | 0.00% | −0.15 |
| HWM Howmet Aerospace Inc. | Sold out | 0.00% | −0.13 |
| ALCO Alico Inc. | Sold out | 0.00% | −0.13 |
| FSLR First Solar Inc. | Sold out | 0.00% | −0.13 |
| CCB Coastal Financial Corp. | Reduce -18.6% | 1.39% | −0.13 |
| BECN Beacon Roofing Supply Inc. | Sold out | 0.00% | −0.13 |
| QNST Quinstreet Inc. | Sold out | 0.00% | −0.12 |
| LMAT Lemaitre Vascular Inc. | Reduce -5.1% | 1.26% | −0.12 |
| FSBC Five Star Bancorp | Sold out | 0.00% | −0.12 |
| NPKI NPK International Inc. | Reduce -37.3% | 0.12% | −0.12 |
| PHM Pultegroup Inc. | Sold out | 0.00% | −0.12 |
| BWB Bridgewater Bancshares Inc. | Sold out | 0.00% | −0.12 |
| ALRS Alerus Financial Corp. | Sold out | 0.00% | −0.11 |
| AEHR Aehr Test Systems | Sold out | 0.00% | −0.11 |
| JCI Johnson Controls Internation | Sold out | 0.00% | −0.11 |
| NOW ServiceNow Inc. | Sold out | 0.00% | −0.10 |
| IVW iShares S&P 500 Growth ETF | Sold out | 0.00% | −0.10 |
| NSLR Neostellar Capital Corp. | Reduce -65.6% | 0.04% | −0.10 |
| HLI Houlihan Lokey Inc. | Reduce -41.0% | 0.12% | −0.09 |
| DCTH Delcath Systems Inc. | Reduce -58.2% | 0.07% | −0.09 |
| EFV iShares MSCI Eafe Value ETF | Reduce -18.4% | 2.19% | −0.07 |
Portfolio Buys Q4 2024 → Q1 2025
| AVSE Avantis Resp Emerg MKTS Eq-E | Add +173.3% | 1.86% | +1.23 |
| IVV iShares Core S&P 500 ETF | New | 1.14% | +1.14 |
| AVSD Avantis Reps Intern Equi ETF | Add +225.3% | 1.16% | +0.85 |
| BOW Bowhead Specialty Holdings I | New | 0.76% | +0.76 |
| RRC Range Resources Corp. | New | 0.74% | +0.74 |
| STKL Sunopta Inc. | New | 0.72% | +0.72 |
| PNFP Pinnacle Financial Partners | New | 0.59% | +0.59 |
| AM Antero Midstream Corp. | New | 0.50% | +0.50 |
| NNN NNN REIT Inc. | Add +132.3% | 0.72% | +0.44 |
| DGX Quest Diagnostics Inc. | Add +27.6% | 1.15% | +0.39 |
| PLMR Palomar Holdings Inc. | Add +0.0% | 1.27% | +0.34 |
| MDU Mdu Resources Group Inc. | Add +55.7% | 0.69% | +0.24 |
| ECG Everus Construction Group | New | 0.24% | +0.24 |
| WRBY Warby Parker Inc. Class A | New | 0.24% | +0.24 |
| LNTH Lantheus Holdings Inc. | Add +28.5% | 0.72% | +0.23 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +4.8% | 0.95% | +0.22 |
| ICFI Icf International Inc. | Add +71.8% | 0.88% | +0.20 |
| IEFA iShares Core MSCI Eafe ETF | New | 0.19% | +0.19 |
| AAPL Apple Inc. | Add +67.9% | 0.52% | +0.19 |
| QCOM Qualcomm Inc. | New | 0.19% | +0.19 |
| SLB SLB Ltd. | New | 0.18% | +0.18 |
| AAAU Goldman Sachs Physical Gold | Add +17.6% | 0.54% | +0.17 |
| ADI Analog Devices Inc. | New | 0.16% | +0.16 |
| PNW Pinnacle West Capital | Add +5.4% | 0.73% | +0.15 |
| WTM White Mountains Insurance GP | New | 0.14% | +0.14 |
| CPK Chesapeake Utilities Corp. | Add +0.0% | 1.34% | +0.14 |
| MMSI Merit Medical Systems Inc. | Add +0.0% | 0.98% | +0.13 |
| VT Vanguard Tot World STK ETF | New | 0.12% | +0.12 |
| ATR Aptargroup Inc. | New | 0.12% | +0.12 |
| NVDA Nvidia Corp. | Add +59.0% | 0.46% | +0.12 |
| ESGU iShares ESG Aware MSCI USA | Add +38.7% | 0.43% | +0.12 |
| UNH Unitedhealth Group Inc. | Add +8.9% | 0.74% | +0.12 |
| XOM Exxon Mobil Corp. | New | 0.12% | +0.12 |
| DHR Danaher Corp. | Add +41.7% | 0.45% | +0.11 |
| CVLC Calvert US L-C CR Resp Index | Add +26.4% | 0.55% | +0.11 |
| BKH Black Hills Corp. | Add +0.0% | 1.29% | +0.11 |
| CVSB Calvert Ult-SHRT Inv GRD ETF | New | 0.11% | +0.11 |
| LLY Eli Lilly & Co. | Add +12.4% | 0.51% | +0.11 |
| MSFT Microsoft Corp. | Add +19.4% | 0.99% | +0.11 |
| CTRA Coterra Energy Inc. | New | 0.11% | +0.11 |
| AMZN Amazon.com Inc. | Add +39.8% | 0.48% | +0.11 |
| SSNC Ss&c Technologies Holdings | New | 0.11% | +0.11 |
| AEP American Electric Power | New | 0.10% | +0.10 |
| KRBN KS Global Carbon Stratgy ETF | Add +7.0% | 1.29% | +0.10 |
| META Meta Platforms Inc. Class A | Add +54.9% | 0.26% | +0.10 |
| HAYW Hayward Holdings Inc. | New | 0.10% | +0.10 |
| A Agilent Technologies Inc. | Add +68.3% | 0.25% | +0.09 |
| AEM Agnico Eagle Mines Ltd. | Add +0.8% | 0.24% | +0.08 |
| PHG Koninklijke Philips NVR- NY | Add +23.7% | 0.25% | +0.06 |
| JPM JPMorgan Chase & Co. | Add +17.2% | 0.25% | +0.05 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 209 | $336.8M | CLSE, IVV, AVSE, ADEA, CVLC |
| Q1 2026 | 213 | $300.0M | CLSE, AVSE, IVV, ADEA, LOPE |
| Q4 2025 | 212 | $258.4M | CLSE, AVSE, IVV, LOPE, AVSD |
| Q3 2025 | 217 | $240.9M | CLSE, AVSE, LOPE, EFV, VECO |
| Q2 2025 | 202 | $212.4M | CLSE, LOPE, IDCC, AVSE, EFV |
| Q1 2025 | 202 | $194.8M | CLSE, LOPE, IDCC, EFV, LMNR |
| Q4 2024 | 212 | $205.5M | CLSE, LMNR, IDCC, LOPE, TGLS |
| Q3 2024 | 206 | $201.4M | CLSE, LMNR, EFV, CNX, TGLS |
| Q2 2024 | 186 | $134.9M | CLSE, EFV, LMNR, VECO, TGLS |
| Q1 2024 | 187 | $136.0M | CLSE, EFV, LMNR, TGLS, ATKR |