Shearwater Capital LLC
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed January 8, 2025), Shearwater Capital LLC reported 45 stock positions worth $147.4 million. Its top holding was Dimensional US Core Equity 2 (DFAC) at 39.8% of the portfolio, followed by Dimensional World Ex US Core (DFAX, 13.6%) and Dimensional International Va (DFIV, 8.6%). Compared with Q3 2024, it opened 1 new position, sold out of 3, added to 8 and reduced 12. The biggest buy was a new position in Dimensional US High Profi Et (DUHP) and the biggest sale Dimensional US Core Equity 2 (DFAC, shares −0%).
- Most Recent 13F
- Q2 2026
- Location
- DENVER, CO
- CIK
- 0001905665
- Portfolio Value
- $147.4M (Q4 2024)
- SEC Filing
- 0001905665-25-000001 ↗ filed Jan 8, 2025
Holdings Value
Holdings 45 stocks · $147.4M
| DFAC Dimensional US Core Equity 2 | 39.75% | 1,693,407 | $58.6M | Reduce -0.0% |
| DFAX Dimensional World Ex US Core | 13.58% | 805,036 | $20.0M | Add +2.0% |
| DFIV Dimensional International Va | 8.59% | 356,955 | $12.7M | Add +0.6% |
| DOCU Docusign Inc. | 6.98% | 114,428 | $10.3M | No change |
| DFUV Dimensional US Marketwide Va | 4.02% | 144,655 | $5.9M | Reduce -0.7% |
| DFAT Dimensional US Target Value | 3.19% | 84,385 | $4.7M | Reduce -0.0% |
| AMZN Amazon.com Inc. | 2.13% | 14,319 | $3.1M | No change |
| DFAI Dimensional International Co. | 1.64% | 82,971 | $2.4M | Reduce -0.1% |
| AI C3.AI Inc. Class A | 1.57% | 67,276 | $2.3M | No change |
| DFEM Dimensional Emrg MRKT Core | 1.45% | 81,505 | $2.1M | Reduce -0.2% |
| DFUS Dimensional US Eq MKT ETF | 1.38% | 31,964 | $2.0M | Add +2.5% |
| TSLA Tesla Inc. | 1.24% | 4,521 | $1.8M | No change |
| DFNM Dimensional National Muni BD | 1.20% | 36,983 | $1.8M | Add +4.6% |
| DFIP Dimensional Inflation-Protec | 1.06% | 38,738 | $1.6M | Add +1.5% |
| DFAS Dimensional US Small Cap ETF | 1.06% | 23,958 | $1.6M | Reduce -0.5% |
| DFCF Dimensional Core Fixed Inc. | 0.96% | 34,377 | $1.4M | Reduce -1.7% |
| GLD SPDR Gold Shares | 0.73% | 4,462 | $1.1M | Reduce -3.7% |
| SCHZ Schwab US Aggregate Bond ETF | 0.64% | 41,789 | $949K | No change |
| DFAE Dimensional Emerging Core Eq | 0.62% | 35,856 | $910K | No change |
| ADBE Adobe Inc. | 0.58% | 1,920 | $854K | No change |
| IVV iShares Core S&P 500 ETF | 0.58% | 1,442 | $849K | No change |
| STLD Steel Dynamics Inc. | 0.56% | 7,291 | $832K | No change |
| NVDA Nvidia Corp. | 0.49% | 5,415 | $727K | No change |
| DISV Dimensional International SM | 0.44% | 24,166 | $642K | Add +0.9% |
| AAPL Apple Inc. | 0.42% | 2,465 | $617K | Reduce -1.4% |
| GOOG Alphabet Inc. Class C | 0.39% | 3,040 | $579K | No change |
| SCHP Schwab U.S. Tips ETF | 0.37% | 21,290 | $550K | No change |
| DFSV Dimensional US Small Cap Val | 0.34% | 16,502 | $508K | Reduce -3.9% |
| MCO Moody's Corp. | 0.31% | 964 | $456K | No change |
| ORCL Oracle Corp. | 0.29% | 2,585 | $431K | No change |
| AFRM Affirm Holdings Inc. | 0.29% | 7,000 | $426K | No change |
| DUHP Dimensional US High Profi Et | 0.28% | 12,042 | $407K | New |
| HUM Humana Inc. | 0.27% | 1,587 | $403K | No change |
| DFSD Dimensional Short Duration | 0.27% | 8,570 | $402K | No change |
| IVW iShares S&P 500 Growth ETF | 0.27% | 3,955 | $402K | Reduce -5.3% |
| DFAU Dimensional US Core Equity M | 0.26% | 9,506 | $385K | Reduce -0.6% |
| DFGR Dim Global Real Estate ETF | 0.24% | 13,966 | $357K | Add +11.2% |
| STE Steris PLC | 0.24% | 1,694 | $348K | No change |
| MAR Marriott International Class A | 0.21% | 1,102 | $307K | No change |
| DFGP Dimensional GLBL Core PL Fix | 0.21% | 5,803 | $307K | Add +44.9% |
| DE Deere & Co. | 0.20% | 692 | $293K | No change |
| SCHV Schwab US Large-Cap Value | 0.18% | 9,992 | $260K | No change |
| QQQ Invesco QQQ Trust Series 1 | 0.18% | 505 | $258K | No change |
| SCHF Schwab Intl Equity ETF | 0.17% | 13,328 | $247K | No change |
| VTI VG Morningstar TS MKT ETF-US | 0.15% | 747 | $216K | No change |
Portfolio Sells Q3 2024 → Q4 2024
| DFAC Dimensional US Core Equity 2 | Reduce -0.0% | 39.75% | −0.31 |
| DFAI Dimensional International Co. | Reduce -0.1% | 1.64% | −0.18 |
| DFUV Dimensional US Marketwide Va | Reduce -0.7% | 4.02% | −0.17 |
| XOM Exxon Mobil Corp. | Sold out | 0.00% | −0.14 |
| BRK.B Berkshire Hathaway Inc. Class B | Sold out | 0.00% | −0.14 |
| SCHH Schwab US REIT ETF | Sold out | 0.00% | −0.14 |
| DFEM Dimensional Emrg MRKT Core | Reduce -0.2% | 1.45% | −0.14 |
| DFCF Dimensional Core Fixed Inc. | Reduce -1.7% | 0.96% | −0.08 |
| DFAT Dimensional US Target Value | Reduce -0.0% | 3.19% | −0.05 |
| GLD SPDR Gold Shares | Reduce -3.7% | 0.73% | −0.04 |
| DFSV Dimensional US Small Cap Val | Reduce -3.9% | 0.34% | −0.02 |
| DFAS Dimensional US Small Cap ETF | Reduce -0.5% | 1.06% | −0.02 |
| IVW iShares S&P 500 Growth ETF | Reduce -5.3% | 0.27% | −0.00 |
| DFAU Dimensional US Core Equity M | Reduce -0.6% | 0.26% | −0.00 |
| AAPL Apple Inc. | Reduce -1.4% | 0.42% | +0.02 |
Portfolio Buys Q3 2024 → Q4 2024
| DUHP Dimensional US High Profi Et | New | 0.28% | +0.28 |
| DFGP Dimensional GLBL Core PL Fix | Add +44.9% | 0.21% | +0.06 |
| DFUS Dimensional US Eq MKT ETF | Add +2.5% | 1.38% | +0.05 |
| DFNM Dimensional National Muni BD | Add +4.6% | 1.20% | +0.01 |
| DFGR Dim Global Real Estate ETF | Add +11.2% | 0.24% | −0.01 |
| DISV Dimensional International SM | Add +0.9% | 0.44% | −0.04 |
| DFIP Dimensional Inflation-Protec | Add +1.5% | 1.06% | −0.05 |
| DFIV Dimensional International Va | Add +0.6% | 8.59% | −0.73 |
| DFAX Dimensional World Ex US Core | Add +2.0% | 13.58% | −1.12 |
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 |