Shearwater Capital LLC

In its 13F for Q2 2026 (holdings as of June 30, 2026, filed July 8, 2026), Shearwater Capital LLC reported 65 stock positions worth $209.4 million. Its top holding was Dimensional US Core Equity 2 (DFAC) at 36.3% of the portfolio, followed by Dimensional World Ex US Core (DFAX, 16.2%) and Dimensional International Va (DFIV, 8.8%). Compared with Q1 2026, it opened 2 new positions, sold out of 8, added to 14 and reduced 19. The biggest buy was Dimensional US Core Equity 2 (DFAC, shares +1%) and the biggest sale Dimensional National Muni BD (DFNM, shares −10%).

Most Recent 13F
Q2 2026
Location
DENVER, CO
CIK
0001905665
Portfolio Value
$209.4M (Q2 2026)
SEC Filing
0001905665-26-000004 ↗ filed Jul 8, 2026

Holdings Value

0$50.0M$100.0M$150.0M$200.0M$250.0M Q1 2024: $135.7M Q1 2024 Q2 2024: $136.1M Q2 2024 Q3 2024: $145.0M Q3 2024 Q4 2024: $147.4M Q4 2024 Q1 2025: $142.3M Q1 2025 Q2 2025: $159.0M Q2 2025 Q3 2025: $168.5M Q3 2025 Q4 2025: $174.2M Q4 2025 Q1 2026: $190.7M Q1 2026 Q2 2026: $209.4M $209.4M Q2 2026

Holdings 65 stocks · $209.4M
DFAC Dimensional US Core Equity 2 36.29% 1,713,356 $76.0M Add +0.6%
DFAX Dimensional World Ex US Core 16.20% 920,770 $33.9M Add +1.9%
DFIV Dimensional International Va 8.83% 342,478 $18.5M No change
DFUV Dimensional US Marketwide Va 3.24% 123,241 $6.8M Reduce -7.4%
DFAT Dimensional US Target Value 2.74% 82,111 $5.7M No change
BRK.B Berkshire Hathaway Inc. Class B 2.50% 10,467 $5.2M No change
DOCU Docusign Inc. 2.41% 113,428 $5.0M No change
DFEM Dimensional Emrg MRKT Core 1.83% 94,261 $3.8M Add +12.8%
AMZN Amazon.com Inc. 1.64% 14,379 $3.4M Reduce -1.2%
DFAI Dimensional International Co. 1.47% 74,469 $3.1M Add +0.0%
DFUS Dimensional US Eq MKT ETF 1.35% 34,543 $2.8M Reduce -15.5%
IVV iShares Core S&P 500 ETF 1.27% 3,564 $2.7M Reduce -3.1%
SCHX Schwab US Large-Cap ETF 1.09% 77,331 $2.3M No change
DFAS Dimensional US Small Cap ETF 0.92% 23,472 $1.9M No change
DFNM Dimensional National Muni BD 0.92% 39,791 $1.9M Reduce -9.8%
TSLA Tesla Inc. 0.91% 4,521 $1.9M Reduce -0.2%
DISV Dimensional International SM 0.80% 41,969 $1.7M Add +35.5%
STLD Steel Dynamics Inc. 0.80% 7,291 $1.7M No change
DFIP Dimensional Inflation-Protec 0.78% 39,646 $1.6M Reduce -6.8%
GLD SPDR Gold Shares 0.75% 4,278 $1.6M No change
DFCF Dimensional Core Fixed Inc. 0.69% 33,988 $1.4M Reduce -0.4%
SCHA Schwab US Small-Cap ETF 0.68% 39,703 $1.4M No change
DFAE Dimensional Emerging Core Eq 0.65% 33,970 $1.4M Add +0.0%
SCHM Schwab US Mid Cap ETF 0.64% 36,275 $1.3M No change
DFSV Dimensional US Small Cap Val 0.62% 33,503 $1.3M Add +10.0%
NVDA Nvidia Corp. 0.62% 6,471 $1.3M Reduce -6.9%
SCHD Schwab US DVD Equity ETF 0.60% 39,910 $1.3M No change
GOOG Alphabet Inc. Class C 0.51% 3,037 $1.1M Reduce -0.6%
DFGP Dimensional GLBL Core PL Fix 0.49% 18,976 $1.0M Add +10.5%
SCHZ Schwab US Aggregate Bond ETF 0.46% 41,789 $967K No change
DFGR Dim Global Real Estate ETF 0.39% 27,845 $807K Add +12.2%
VOO Vanguard S&P 500 ETF 0.38% 1,149 $789K Add +0.2%
BRK.A Berkshire Hathaway Inc. Class A 0.36% 1 $749K No change
AAPL Apple Inc. 0.34% 2,465 $713K Reduce -11.2%
DUHP Dimensional US High Profi Et 0.33% 16,574 $692K No change
AI C3.AI Inc. Class A 0.31% 70,826 $644K Add +5.3%
HUM Humana Inc. 0.30% 1,587 $631K No change
VTI VG Morningstar TS MKT ETF-US 0.27% 1,552 $574K Add +0.1%
AFRM Affirm Holdings Inc. 0.27% 7,000 $571K No change
SCHP Schwab U.S. Tips ETF 0.27% 21,290 $564K No change
IVW iShares S&P 500 Growth ETF 0.25% 3,830 $527K No change
JPM JPMorgan Chase & Co. 0.22% 1,389 $455K Reduce -1.0%
DE Deere & Co. 0.21% 692 $439K No change
MCO Moody's Corp. 0.21% 964 $437K No change
DFIS Dimensional International SM 0.20% 12,239 $429K New
ORCL Oracle Corp. 0.20% 2,885 $423K Add +11.4%
ADBE Adobe Inc. 0.20% 2,016 $413K Reduce -0.1%
MAR Marriott International Class A 0.20% 1,102 $408K Reduce -0.2%
QQQ Invesco QQQ Trust Series 1 0.18% 518 $381K No change
SCHF Schwab Intl Equity ETF 0.18% 13,328 $369K No change
STE Steris PLC 0.17% 1,694 $357K No change
CMI Cummins Inc. 0.17% 500 $357K No change
XLI SS Industrial Select Sector 0.17% 1,896 $351K No change
SCHV Schwab US Large-Cap Value 0.17% 9,992 $348K No change
DFSD Dimensional Short Duration 0.16% 7,090 $339K Reduce -16.5%
DFAU Dimensional US Core Equity M 0.15% 6,225 $322K No change
AVGO Broadcom Inc. 0.15% 850 $321K Reduce -1.9%
NET Cloudflare Inc. Class A 0.12% 1,040 $255K Reduce -0.3%
BA The Boeing Co. 0.12% 1,160 $251K Reduce -30.2%
DIHP Dimensional International Hi 0.11% 6,978 $238K No change
XOM Exxon Mobil Corp. 0.11% 1,731 $237K No change
DFCA Dimensional Calfornia MB ETF 0.11% 4,709 $236K Add +12.5%
DFEV Dimensional Emrg MRKT Val 0.11% 5,314 $227K Reduce -23.7%
EFV iShares MSCI Eafe Value ETF 0.11% 2,898 $222K No change
SCHE Schwab Emrg Mrkts Eqty ETF 0.10% 5,630 $204K New

Portfolio Sells Q1 2026 → Q2 2026
DFNM Dimensional National Muni BD Reduce -9.8% 0.92% −0.19
DFUS Dimensional US Eq MKT ETF Reduce -15.5% 1.35% −0.17
DFIP Dimensional Inflation-Protec Reduce -6.8% 0.78% −0.15
DFUV Dimensional US Marketwide Va Reduce -7.4% 3.24% −0.14
BLK BlackRock Inc. Sold out 0.00% −0.14
LMT Lockheed Martin Corp. Sold out 0.00% −0.13
VO Vngrd Mrngstr MD-Cap ETF-Usd Sold out 0.00% −0.12
V Visa Inc. Class A Sold out 0.00% −0.11
MGK Vngrd Mrgstr MG CP GR ETF-Ui Sold out 0.00% −0.11
VUG Vanguard Mrngstar GR ETF-Sui Sold out 0.00% −0.11
FANG Diamondback Energy Inc. Sold out 0.00% −0.11
MSFT Microsoft Corp. Sold out 0.00% −0.11
DFCF Dimensional Core Fixed Inc. Reduce -0.4% 0.69% −0.07
ADBE Adobe Inc. Reduce -0.1% 0.20% −0.06
BA The Boeing Co. Reduce -30.2% 0.12% −0.05
DFSD Dimensional Short Duration Reduce -16.5% 0.16% −0.05
AAPL Apple Inc. Reduce -11.2% 0.34% −0.03
DFEV Dimensional Emrg MRKT Val Reduce -23.7% 0.11% −0.02
NVDA Nvidia Corp. Reduce -6.9% 0.62% −0.02
JPM JPMorgan Chase & Co. Reduce -1.0% 0.22% +0.00
MAR Marriott International Class A Reduce -0.2% 0.20% +0.01
NET Cloudflare Inc. Class A Reduce -0.3% 0.12% +0.01
AVGO Broadcom Inc. Reduce -1.9% 0.15% +0.01
IVV iShares Core S&P 500 ETF Reduce -3.1% 1.27% +0.01
TSLA Tesla Inc. Reduce -0.2% 0.91% +0.02
AMZN Amazon.com Inc. Reduce -1.2% 1.64% +0.05
GOOG Alphabet Inc. Class C Reduce -0.6% 0.51% +0.05

Portfolio Buys Q1 2026 → Q2 2026
DFAC Dimensional US Core Equity 2 Add +0.6% 36.29% +1.57
DFEM Dimensional Emrg MRKT Core Add +12.8% 1.83% +0.31
DFIS Dimensional International SM New 0.20% +0.20
DISV Dimensional International SM Add +35.5% 0.80% +0.16
DFAX Dimensional World Ex US Core Add +1.9% 16.20% +0.10
SCHE Schwab Emrg Mrkts Eqty ETF New 0.10% +0.10
DFSV Dimensional US Small Cap Val Add +10.0% 0.62% +0.06
DFAE Dimensional Emerging Core Eq Add +0.0% 0.65% +0.05
DFGR Dim Global Real Estate ETF Add +12.2% 0.39% +0.04
VOO Vanguard S&P 500 ETF Add +0.2% 0.38% +0.02
VTI VG Morningstar TS MKT ETF-US Add +0.1% 0.27% +0.01
AI C3.AI Inc. Class A Add +5.3% 0.31% +0.01
DFGP Dimensional GLBL Core PL Fix Add +10.5% 0.49% +0.01
DFCA Dimensional Calfornia MB ETF Add +12.5% 0.11% +0.00
ORCL Oracle Corp. Add +11.4% 0.20% +0.00
DFAI Dimensional International Co. Add +0.0% 1.47% −0.05

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 65$209.4MDFAC, DFAX, DFIV, DFUV, DFAT
Q1 2026 71$190.7MDFAC, DFAX, DFIV, DFUV, DOCU
Q4 2025 53$174.2MDFAC, DFAX, DFIV, DOCU, DFUV
Q3 2025 50$168.5MDFAC, DFAX, DFIV, DOCU, DFUV
Q2 2025 50$159.0MDFAC, DFAX, DFIV, DOCU, DFUV
Q1 2025Amended 45$142.3MDFAC, DFAX, DFIV, DOCU, DFUV
Q4 2024 45$147.4MDFAC, DFAX, DFIV, DOCU, DFUV
Q3 2024 47$145.0MDFAC, DFAX, DFIV, DOCU, DFUV
Q2 2024 43$136.1MDFAC, DFAX, DFIV, DOCU, DFUV
Q1 2024 43$135.7MDFAC, DFAX, DFIV, DOCU, DFUV