Shearwater Capital LLC
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed April 4, 2024), Shearwater Capital LLC reported 43 stock positions worth $135.7 million. Its top holding was Dimensional US Core Equity 2 (DFAC) at 39.9% of the portfolio, followed by Dimensional World Ex US Core (DFAX, 14.4%) and Dimensional International Va (DFIV, 9.7%). Compared with Q4 2023, it opened 1 new position, added to 11 and reduced 9. The biggest buy was Dimensional US Core Equity 2 (DFAC, shares +1%) and the biggest sale Dimensional US Target Value (DFAT, shares −3%).
- Most Recent 13F
- Q2 2026
- Location
- DENVER, CO
- CIK
- 0001905665
- Portfolio Value
- $135.7M (Q1 2024)
- SEC Filing
- 0001905665-24-000004 ↗ filed Apr 4, 2024
Holdings Value
Holdings 43 stocks · $135.7M
| DFAC Dimensional US Core Equity 2 | 39.93% | 1,695,970 | $54.2M | Add +1.1% |
| DFAX Dimensional World Ex US Core | 14.44% | 770,195 | $19.6M | Add +4.7% |
| DFIV Dimensional International Va | 9.70% | 358,259 | $13.2M | Reduce -0.4% |
| DOCU Docusign Inc. | 5.02% | 114,428 | $6.8M | No change |
| DFUV Dimensional US Marketwide Va | 4.52% | 150,124 | $6.1M | No change |
| DFAT Dimensional US Target Value | 3.46% | 86,234 | $4.7M | Reduce -3.0% |
| AMZN Amazon.com Inc. | 1.88% | 14,180 | $2.6M | No change |
| DFAI Dimensional International Co. | 1.85% | 83,058 | $2.5M | Reduce -0.1% |
| DFEM Dimensional Emrg MRKT Core | 1.53% | 81,343 | $2.1M | Add +1.7% |
| AI C3.AI Inc. Class A | 1.34% | 67,276 | $1.8M | No change |
| DFUS Dimensional US Eq MKT ETF | 1.16% | 27,724 | $1.6M | Reduce -2.1% |
| DFNM Dimensional National Muni BD | 1.12% | 31,604 | $1.5M | Add +3.5% |
| DFAS Dimensional US Small Cap ETF | 1.11% | 24,119 | $1.5M | Reduce -2.5% |
| DFIP Dimensional Inflation-Protec | 1.07% | 35,304 | $1.5M | Add +7.6% |
| DFCF Dimensional Core Fixed Inc. | 1.03% | 33,433 | $1.4M | Add +12.8% |
| NVDA Nvidia Corp. | 0.80% | 1,202 | $1.1M | No change |
| STLD Steel Dynamics Inc. | 0.80% | 7,291 | $1.1M | No change |
| SCHZ Schwab US Aggregate Bond ETF | 0.72% | 21,249 | $977K | Add +2.0% |
| ADBE Adobe Inc. | 0.71% | 1,920 | $969K | No change |
| GLD SPDR Gold Shares | 0.70% | 4,636 | $954K | Add +3.5% |
| DFAE Dimensional Emerging Core Eq | 0.66% | 36,135 | $893K | Reduce -4.0% |
| TSLA Tesla Inc. | 0.59% | 4,521 | $795K | No change |
| IVV iShares Core S&P 500 ETF | 0.56% | 1,442 | $758K | Reduce -0.4% |
| SCHP Schwab U.S. Tips ETF | 0.41% | 10,648 | $555K | No change |
| HUM Humana Inc. | 0.41% | 1,587 | $550K | No change |
| DFAU Dimensional US Core Equity M | 0.40% | 14,722 | $538K | Reduce -10.1% |
| DFSV Dimensional US Small Cap Val | 0.36% | 16,254 | $489K | Add +2.8% |
| DISV Dimensional International SM | 0.36% | 17,909 | $487K | Add +17.9% |
| GOOG Alphabet Inc. Class C | 0.34% | 3,040 | $463K | No change |
| DFSD Dimensional Short Duration | 0.30% | 8,570 | $403K | No change |
| STE Steris PLC | 0.28% | 1,694 | $381K | No change |
| IVW iShares S&P 500 Growth ETF | 0.28% | 4,501 | $380K | Reduce -3.9% |
| MCO Moody's Corp. | 0.28% | 964 | $379K | No change |
| ORCL Oracle Corp. | 0.21% | 2,290 | $288K | No change |
| DE Deere & Co. | 0.21% | 692 | $284K | No change |
| AAPL Apple Inc. | 0.20% | 1,544 | $265K | No change |
| AFRM Affirm Holdings Inc. | 0.19% | 7,000 | $261K | No change |
| SCHF Schwab Intl Equity ETF | 0.19% | 6,665 | $260K | No change |
| DFGR Dim Global Real Estate ETF | 0.19% | 10,045 | $256K | Add +12.5% |
| SCHV Schwab US Large-Cap Value | 0.19% | 3,331 | $253K | No change |
| MAR Marriott International Class A | 0.18% | 977 | $247K | No change |
| QQQ Invesco QQQ Trust Series 1 | 0.17% | 505 | $224K | No change |
| FANG Diamondback Energy Inc. | 0.15% | 1,042 | $206K | New |
Portfolio Sells Q4 2023 → Q1 2024
| DFAT Dimensional US Target Value | Reduce -3.0% | 3.46% | −0.23 |
| DFIV Dimensional International Va | Reduce -0.4% | 9.70% | −0.11 |
| DFAS Dimensional US Small Cap ETF | Reduce -2.5% | 1.11% | −0.06 |
| DFAE Dimensional Emerging Core Eq | Reduce -4.0% | 0.66% | −0.06 |
| DFAI Dimensional International Co. | Reduce -0.1% | 1.85% | −0.04 |
| DFAU Dimensional US Core Equity M | Reduce -10.1% | 0.40% | −0.04 |
| DFUS Dimensional US Eq MKT ETF | Reduce -2.1% | 1.16% | −0.00 |
| IVW iShares S&P 500 Growth ETF | Reduce -3.9% | 0.28% | +0.00 |
| IVV iShares Core S&P 500 ETF | Reduce -0.4% | 0.56% | +0.01 |
Portfolio Buys Q4 2023 → Q1 2024
| DFAC Dimensional US Core Equity 2 | Add +1.1% | 39.93% | +1.01 |
| DFAX Dimensional World Ex US Core | Add +4.7% | 14.44% | +0.17 |
| FANG Diamondback Energy Inc. | New | 0.15% | +0.15 |
| DISV Dimensional International SM | Add +17.9% | 0.36% | +0.05 |
| DFCF Dimensional Core Fixed Inc. | Add +12.8% | 1.03% | +0.04 |
| GLD SPDR Gold Shares | Add +3.5% | 0.70% | +0.02 |
| DFGR Dim Global Real Estate ETF | Add +12.5% | 0.19% | +0.00 |
| DFIP Dimensional Inflation-Protec | Add +7.6% | 1.07% | −0.00 |
| DFSV Dimensional US Small Cap Val | Add +2.8% | 0.36% | −0.01 |
| SCHZ Schwab US Aggregate Bond ETF | Add +2.0% | 0.72% | −0.05 |
| DFNM Dimensional National Muni BD | Add +3.5% | 1.12% | −0.06 |
| DFEM Dimensional Emrg MRKT Core | Add +1.7% | 1.53% | −0.06 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 65 | $209.4M | DFAC, DFAX, DFIV, DFUV, DFAT |
| Q1 2026 | 71 | $190.7M | DFAC, DFAX, DFIV, DFUV, DOCU |
| Q4 2025 | 53 | $174.2M | DFAC, DFAX, DFIV, DOCU, DFUV |
| Q3 2025 | 50 | $168.5M | DFAC, DFAX, DFIV, DOCU, DFUV |
| Q2 2025 | 50 | $159.0M | DFAC, DFAX, DFIV, DOCU, DFUV |
| Q1 2025Amended | 45 | $142.3M | DFAC, DFAX, DFIV, DOCU, DFUV |
| Q4 2024 | 45 | $147.4M | DFAC, DFAX, DFIV, DOCU, DFUV |
| Q3 2024 | 47 | $145.0M | DFAC, DFAX, DFIV, DOCU, DFUV |
| Q2 2024 | 43 | $136.1M | DFAC, DFAX, DFIV, DOCU, DFUV |
| Q1 2024 | 43 | $135.7M | DFAC, DFAX, DFIV, DOCU, DFUV |