Riverwater Partners LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 12, 2026), Riverwater Partners LLC reported 212 stock positions worth $258.4 million. Its top holding was Convergence Long/Short Eqy (CLSE) at 5.5% of the portfolio, followed by Avantis Resp Emerg MKTS Eq-E (AVSE, 3.2%) and iShares Core S&P 500 ETF (IVV, 2.8%). Compared with Q3 2025, it opened 10 new positions, sold out of 15, added to 93 and reduced 65. The biggest buy was iShares Core S&P 500 ETF (IVV, shares +81%) and the biggest sale Ciena (CIEN, shares −67%).
- Most Recent 13F
- Q2 2026
- Location
- Milwaukee, WI
- CIK
- 0001882572
- Portfolio Value
- $258.4M (Q4 2025)
- SEC Filing
- 0001941040-26-000105 ↗ filed Feb 12, 2026
Holdings Value
Holdings 212 stocks · $258.4M
| CLSE Convergence Long/Short Eqy | 5.46% | 515,745 | $14.1M | Reduce -0.5% |
| AVSE Avantis Resp Emerg MKTS Eq-E | 3.15% | 125,369 | $8.1M | Add +6.1% |
| IVV iShares Core S&P 500 ETF | 2.81% | 10,605 | $7.3M | Add +80.8% |
| LOPE Grand Canyon Education Inc. | 2.11% | 32,770 | $5.4M | Add +8.6% |
| AVSD Avantis Reps Intern Equi ETF | 2.01% | 69,811 | $5.2M | Add +25.4% |
| EFV iShares MSCI Eafe Value ETF | 2.00% | 72,288 | $5.2M | No change |
| VECO Veeco Instruments Inc. | 1.67% | 149,953 | $4.3M | Add +10.0% |
| ADEA Adeia Inc. | 1.65% | 246,498 | $4.3M | Add +79.5% |
| GOOGL Alphabet Inc. Class A | 1.64% | 13,532 | $4.2M | Reduce -2.8% |
| CVLC Calvert US L-C CR Resp Index | 1.64% | 50,270 | $4.2M | Add +35.5% |
| IDCC Interdigital Inc. | 1.43% | 11,577 | $3.7M | Add +11.8% |
| MSFT Microsoft Corp. | 1.37% | 7,312 | $3.5M | Add +4.2% |
| CCB Coastal Financial Corp. | 1.31% | 29,601 | $3.4M | No change |
| LMNR Limoneira Co. | 1.28% | 261,428 | $3.3M | Add +7.1% |
| KRBN KS Global Carbon Stratgy ETF | 1.25% | 91,505 | $3.2M | Add +3.0% |
| TGLS Tecnoglass Holdings Inc. | 1.22% | 62,485 | $3.1M | Add +7.6% |
| BKH Black Hills Corp. | 1.12% | 41,579 | $2.9M | No change |
| PCRB Putnam ESG Core Bond ETF | 1.10% | 57,473 | $2.8M | Add +2.7% |
| ICFI Icf International Inc. | 1.08% | 32,724 | $2.8M | Add +7.3% |
| SNEX Stonex Group Inc. | 1.08% | 29,308 | $2.8M | No change |
| DGX Quest Diagnostics Inc. | 1.06% | 15,741 | $2.7M | Add +15.9% |
| EXEL Exelixis Inc. | 1.03% | 60,628 | $2.7M | Add +21.1% |
| ATMU Atmus Filtration Technologie | 1.02% | 50,757 | $2.6M | No change |
| PLXS Plexus Corp. | 1.02% | 17,845 | $2.6M | Reduce -7.5% |
| AAAU Goldman Sachs Physical Gold | 0.99% | 60,325 | $2.6M | Add +12.6% |
| SGOV iShares 0-3 Month Treasury B | 0.97% | 24,863 | $2.5M | Reduce -9.3% |
| HAE Haemonetics Corp. | 0.96% | 31,011 | $2.5M | Add +20.3% |
| PLMR Palomar Holdings Inc. | 0.94% | 18,050 | $2.4M | No change |
| ATRC Atricure Inc. | 0.92% | 60,322 | $2.4M | No change |
| ECG Everus Construction Group | 0.87% | 26,145 | $2.2M | Add +5.0% |
| MOD Modine Manufacturing Co. | 0.85% | 16,527 | $2.2M | No change |
| JLL Jones Lang Lasalle Inc. | 0.85% | 6,499 | $2.2M | Add +22.3% |
| MMSI Merit Medical Systems Inc. | 0.84% | 24,725 | $2.2M | No change |
| SCHW Schwab (charles) Corp. | 0.84% | 21,694 | $2.2M | Reduce -0.4% |
| CPK Chesapeake Utilities Corp. | 0.81% | 16,737 | $2.1M | Reduce -17.6% |
| AZZ Azz Inc. | 0.81% | 19,460 | $2.1M | Add +22.9% |
| AAPL Apple Inc. | 0.78% | 7,450 | $2.0M | Reduce -2.1% |
| MDU Mdu Resources Group Inc. | 0.75% | 99,288 | $1.9M | Add +21.3% |
| CNX CNX Resources Corp. | 0.75% | 52,470 | $1.9M | Reduce -34.5% |
| CFR Cullen/Frost Bankers Inc. | 0.75% | 15,234 | $1.9M | Add +19.1% |
| NPKI NPK International Inc. | 0.73% | 157,876 | $1.9M | Add +306.6% |
| SNV Synovus Financial Corp. | 0.72% | 37,010 | $1.9M | New |
| NVDA Nvidia Corp. | 0.72% | 9,929 | $1.9M | Add +0.9% |
| AGM Federal Agric MTG Corp. Class C | 0.69% | 10,160 | $1.8M | Add +48.0% |
| BDC Belden Inc. | 0.69% | 15,251 | $1.8M | No change |
| V Visa Inc. Class A | 0.67% | 4,948 | $1.7M | Reduce -3.5% |
| LMAT Lemaitre Vascular Inc. | 0.67% | 21,363 | $1.7M | Add +1.7% |
| LPX Louisiana-Pacific Corp. | 0.67% | 21,317 | $1.7M | Add +21.6% |
| IEMG iShares Core MSCI Emerging | 0.66% | 25,324 | $1.7M | Add +176.8% |
| ALLT Allot Ltd. | 0.64% | 168,689 | $1.7M | New |
| PNW Pinnacle West Capital | 0.64% | 18,641 | $1.7M | Add +19.8% |
| SKWD Skyward Specialty Insurance | 0.64% | 32,131 | $1.6M | Add +21.3% |
| DGII Digi International Inc. | 0.63% | 37,701 | $1.6M | No change |
| WAL Western Alliance Bancorp | 0.63% | 19,398 | $1.6M | Add +20.9% |
| GOOG Alphabet Inc. Class C | 0.63% | 5,161 | $1.6M | Reduce -5.8% |
| NNN NNN REIT Inc. | 0.62% | 40,403 | $1.6M | Add +19.3% |
| DOX Amdocs Ltd. | 0.61% | 19,699 | $1.6M | Add +14.4% |
| WRBY Warby Parker Inc. Class A | 0.61% | 71,861 | $1.6M | Add +23.2% |
| CIEN Ciena Corp. | 0.60% | 6,683 | $1.6M | Reduce -66.7% |
| CBT Cabot Corp. | 0.60% | 23,438 | $1.6M | No change |
| AMZN Amazon.com Inc. | 0.59% | 6,650 | $1.5M | Reduce -4.4% |
| LLY Eli Lilly & Co. | 0.58% | 1,396 | $1.5M | Add +1.9% |
| VMI Valmont Industries | 0.57% | 3,675 | $1.5M | Add +195.4% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.57% | 2,909 | $1.5M | Add +0.5% |
| LAZ Lazard Inc. | 0.56% | 29,801 | $1.4M | Add +71.0% |
| TMO Thermo Fisher Scientific Inc. | 0.52% | 2,308 | $1.3M | Add +4.8% |
| SF Stifel Financial Corp. | 0.51% | 10,482 | $1.3M | Add +20.8% |
| TNC Tennant Co. | 0.50% | 17,613 | $1.3M | Reduce -23.2% |
| RRC Range Resources Corp. | 0.50% | 36,705 | $1.3M | Add +26.6% |
| DHR Danaher Corp. | 0.50% | 5,600 | $1.3M | Add +8.6% |
| PFS Provident Financial Services | 0.49% | 64,383 | $1.3M | No change |
| KGS Kodiak Gas Services Inc. | 0.48% | 33,416 | $1.2M | New |
| WOR Worthington Enterprises Inc. | 0.48% | 24,004 | $1.2M | No change |
| AM Antero Midstream Corp. | 0.47% | 68,014 | $1.2M | Add +20.7% |
| GFF Griffon Corp. | 0.45% | 15,681 | $1.2M | Add +21.1% |
| UEC Uranium Energy Corp. | 0.44% | 97,388 | $1.1M | No change |
| PLPC Preformed Line Products Co. | 0.44% | 5,544 | $1.1M | Add +73.0% |
| MSA Msa Safety Inc. | 0.44% | 7,060 | $1.1M | Add +20.3% |
| ARMK Aramark | 0.44% | 30,626 | $1.1M | No change |
| STKL Sunopta Inc. | 0.43% | 290,123 | $1.1M | No change |
| BOW Bowhead Specialty Holdings I | 0.40% | 36,496 | $1.0M | No change |
| OWNS CCM Affordable Hous MBS ETF | 0.40% | 58,773 | $1.0M | Add +1.1% |
| COF Capital One Financial Corp. | 0.38% | 4,068 | $986K | Reduce -0.8% |
| ACN Accenture PLC Class A | 0.37% | 3,590 | $963K | Add +157.0% |
| BJ Bj's Wholesale Club Holdings filed as BJS WHSL CLUB HLDGS INC | 0.37% | 10,638 | $958K | Add +16.5% |
| BKNG Booking Holdings Inc. | 0.35% | 171 | $916K | No change |
| ESGU iShares ESG Aware MSCI USA | 0.34% | 5,959 | $888K | Reduce -0.9% |
| KNF Knife River Corp. | 0.34% | 12,545 | $883K | No change |
| AVGO Broadcom Inc. | 0.33% | 2,480 | $858K | Add +3.2% |
| IUSV iShares Core S&P U.S. Value | 0.33% | 8,248 | $846K | Add +132.4% |
| UNH Unitedhealth Group Inc. | 0.31% | 2,458 | $811K | Add +1.9% |
| FERG Ferguson Enterprises Inc. | 0.31% | 3,591 | $799K | Reduce -21.4% |
| PGR Progressive Corp. | 0.31% | 3,496 | $796K | Reduce -3.0% |
| AVY Avery Dennison Corp. | 0.30% | 4,290 | $780K | Add +0.1% |
| MA Mastercard Inc. Class A | 0.30% | 1,341 | $766K | Add +4.8% |
| ECL Ecolab Inc. | 0.29% | 2,874 | $754K | Add +2.3% |
| UL Unilever PLC-Sponsored ADR | 0.29% | 11,455 | $749K | Reduce -0.6% |
| GLW Corning Inc. | 0.28% | 8,151 | $714K | Reduce -1.4% |
| ICE Intercontinental Exchange Inc. | 0.27% | 4,370 | $708K | Reduce -3.9% |
| JPM JPMorgan Chase & Co. | 0.27% | 2,190 | $706K | Add +0.6% |
Portfolio Sells Q3 2025 → Q4 2025
| CIEN Ciena Corp. | Reduce -66.7% | 0.60% | −0.61 |
| ITGR Integer Holdings Corp. | Sold out | 0.00% | −0.51 |
| PNFP Pinnacle Financial Partners | Sold out | 0.00% | −0.43 |
| HSTM Healthstream Inc. | Sold out | 0.00% | −0.40 |
| CPK Chesapeake Utilities Corp. | Reduce -17.6% | 0.81% | −0.33 |
| CNX CNX Resources Corp. | Reduce -34.5% | 0.75% | −0.32 |
| CNK Cinemark Holdings Inc. | Sold out | 0.00% | −0.32 |
| LEU Centrus Energy Corp. Class A | Sold out | 0.00% | −0.28 |
| TNC Tennant Co. | Reduce -23.2% | 0.50% | −0.27 |
| MRX Marex UK Holdings Ltd. | Sold out | 0.00% | −0.23 |
| ORCL Oracle Corp. | Reduce -25.5% | 0.21% | −0.23 |
| SGOV iShares 0-3 Month Treasury B | Reduce -9.3% | 0.97% | −0.18 |
| KMX Carmax Inc. | Sold out | 0.00% | −0.17 |
| SSD Simpson Manufacturing Co. Inc. | Sold out | 0.00% | −0.15 |
| CLSE Convergence Long/Short Eqy | Reduce -0.5% | 5.46% | −0.15 |
| PLXS Plexus Corp. | Reduce -7.5% | 1.02% | −0.14 |
| ABBV Abbvie Inc. | Sold out | 0.00% | −0.13 |
| BLK BlackRock Inc. | Reduce -46.8% | 0.11% | −0.13 |
| DD Dupont DE Nemours Inc. | Sold out | 0.00% | −0.12 |
| FERG Ferguson Enterprises Inc. | Reduce -21.4% | 0.31% | −0.12 |
| EFX Equifax Inc. | Reduce -33.9% | 0.12% | −0.11 |
| BAC Bank of America Corp. | Sold out | 0.00% | −0.10 |
| IT Gartner Inc. | Sold out | 0.00% | −0.10 |
| IDXX Idexx Laboratories Inc. | Sold out | 0.00% | −0.09 |
| ARE Alexandria Real Estate Equit | Sold out | 0.00% | −0.08 |
| FCFS Firstcash Holdings Inc. | Reduce -37.2% | 0.10% | −0.07 |
| META Meta Platforms Inc. Class A | Reduce -7.0% | 0.24% | −0.07 |
| LIN Linde PLC | Reduce -4.4% | 0.27% | −0.07 |
| CSX CSX Corp. | Reduce -22.6% | 0.18% | −0.06 |
| PGR Progressive Corp. | Reduce -3.0% | 0.31% | −0.06 |
| ARW Arrow Electronics Inc. | Reduce -22.6% | 0.11% | −0.06 |
| V Visa Inc. Class A | Reduce -3.5% | 0.67% | −0.05 |
| ICE Intercontinental Exchange Inc. | Reduce -3.9% | 0.27% | −0.04 |
| COST Costco Wholesale Corp. | Reduce -1.5% | 0.26% | −0.04 |
| CDW CDW Corp. | Reduce -0.3% | 0.17% | −0.04 |
| AMZN Amazon.com Inc. | Reduce -4.4% | 0.59% | −0.04 |
| OC Owens Corning | Reduce -2.8% | 0.10% | −0.04 |
| ZBRA Zebra Technologies Corp. Class A | Reduce -1.8% | 0.10% | −0.03 |
| BSX Boston Scientific Corp. | Reduce -20.4% | 0.09% | −0.03 |
| INTU Intuit Inc. | Reduce -7.8% | 0.15% | −0.03 |
| UL Unilever PLC-Sponsored ADR | Reduce -0.6% | 0.29% | −0.03 |
| TXN Texas Instruments Inc. | Reduce -3.0% | 0.16% | −0.03 |
| NCMI National Cinemedia Inc. | Sold out | 0.00% | −0.03 |
| PSX Phillips 66 | Reduce -1.5% | 0.18% | −0.03 |
| LHX L3HARRIS Technologies Inc. | Reduce -1.6% | 0.19% | −0.03 |
| SCHW Schwab (charles) Corp. | Reduce -0.4% | 0.84% | −0.02 |
| IEFA iShares Core MSCI Eafe ETF | Reduce -5.5% | 0.22% | −0.02 |
| AEM Agnico Eagle Mines Ltd. | Reduce -1.4% | 0.26% | −0.02 |
| AAPL Apple Inc. | Reduce -2.1% | 0.78% | −0.02 |
| ESGU iShares ESG Aware MSCI USA | Reduce -0.9% | 0.34% | −0.02 |
Portfolio Buys Q3 2025 → Q4 2025
| IVV iShares Core S&P 500 ETF | Add +80.8% | 2.81% | +1.18 |
| SNV Synovus Financial Corp. | New | 0.72% | +0.72 |
| ADEA Adeia Inc. | Add +79.5% | 1.65% | +0.69 |
| ALLT Allot Ltd. | New | 0.64% | +0.64 |
| NPKI NPK International Inc. | Add +306.6% | 0.73% | +0.55 |
| KGS Kodiak Gas Services Inc. | New | 0.48% | +0.48 |
| HAE Haemonetics Corp. | Add +20.3% | 0.96% | +0.44 |
| IEMG iShares Core MSCI Emerging | Add +176.8% | 0.66% | +0.41 |
| CVLC Calvert US L-C CR Resp Index | Add +35.5% | 1.64% | +0.38 |
| VMI Valmont Industries | Add +195.4% | 0.57% | +0.37 |
| AVSD Avantis Reps Intern Equi ETF | Add +25.4% | 2.01% | +0.35 |
| ACN Accenture PLC Class A | Add +157.0% | 0.37% | +0.23 |
| AGM Federal Agric MTG Corp. Class C | Add +48.0% | 0.69% | +0.21 |
| JLL Jones Lang Lasalle Inc. | Add +22.3% | 0.85% | +0.19 |
| PLPC Preformed Line Products Co. | Add +73.0% | 0.44% | +0.18 |
| IUSV iShares Core S&P U.S. Value | Add +132.4% | 0.33% | +0.18 |
| LAZ Lazard Inc. | Add +71.0% | 0.56% | +0.18 |
| EXEL Exelixis Inc. | Add +21.1% | 1.03% | +0.17 |
| LLY Eli Lilly & Co. | Add +1.9% | 0.58% | +0.15 |
| AAAU Goldman Sachs Physical Gold | Add +12.6% | 0.99% | +0.15 |
| MDU Mdu Resources Group Inc. | Add +21.3% | 0.75% | +0.15 |
| NKE Nike Inc. Class B | New | 0.13% | +0.13 |
| ACGL Arch Capital Group Ltd. | New | 0.13% | +0.13 |
| CRM Salesforce Inc. | New | 0.13% | +0.13 |
| SKWD Skyward Specialty Insurance | Add +21.3% | 0.64% | +0.11 |
| SF Stifel Financial Corp. | Add +20.8% | 0.51% | +0.10 |
| AZZ Azz Inc. | Add +22.9% | 0.81% | +0.09 |
| EXLS Exlservice Holdings Inc. | New | 0.09% | +0.09 |
| VT Vanguard Tot World STK ETF | Add +53.9% | 0.26% | +0.08 |
| GMED Globus Medical Inc. Class A | New | 0.08% | +0.08 |
| JNJ Johnson & Johnson | New | 0.08% | +0.08 |
| TMO Thermo Fisher Scientific Inc. | Add +4.8% | 0.52% | +0.07 |
| CFR Cullen/Frost Bankers Inc. | Add +19.1% | 0.75% | +0.07 |
| DHR Danaher Corp. | Add +8.6% | 0.50% | +0.07 |
| PNW Pinnacle West Capital | Add +19.8% | 0.64% | +0.06 |
| KRBN KS Global Carbon Stratgy ETF | Add +3.0% | 1.25% | +0.06 |
| WAL Western Alliance Bancorp | Add +20.9% | 0.63% | +0.05 |
| VRSK Verisk Analytics Inc. | Add +63.0% | 0.20% | +0.05 |
| RRC Range Resources Corp. | Add +26.6% | 0.50% | +0.05 |
| AIOT Powerfleet Inc. | New | 0.04% | +0.04 |
| GFF Griffon Corp. | Add +21.1% | 0.45% | +0.04 |
| AVSE Avantis Resp Emerg MKTS Eq-E | Add +6.1% | 3.15% | +0.04 |
| CROX Crocs Inc. | Add +19.9% | 0.27% | +0.03 |
| DLTR Dollar Tree Inc. | Add +0.0% | 0.18% | +0.03 |
| ALLE Allegion PLC | Add +40.4% | 0.19% | +0.03 |
| DOX Amdocs Ltd. | Add +14.4% | 0.61% | +0.03 |
| NNN NNN REIT Inc. | Add +19.3% | 0.62% | +0.02 |
| LPX Louisiana-Pacific Corp. | Add +21.6% | 0.67% | +0.02 |
| MRSH Marsh & McLennan Cos | Add +33.9% | 0.14% | +0.02 |
| MSA Msa Safety Inc. | Add +20.3% | 0.44% | +0.02 |
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 |