Shearwater Capital LLC

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed April 9, 2026), Shearwater Capital LLC reported 71 stock positions worth $190.7 million. Its top holding was Dimensional US Core Equity 2 (DFAC) at 34.7% of the portfolio, followed by Dimensional World Ex US Core (DFAX, 16.1%) and Dimensional International Va (DFIV, 9.5%). Compared with Q4 2025, it opened 18 new positions, added to 25 and reduced 8. The biggest buy was Berkshire Hathaway Class B (BRK.B, shares +1003%) and the biggest sale Docusign (DOCU, shares −1%).

Most Recent 13F
Q2 2026
Location
DENVER, CO
CIK
0001905665
Portfolio Value
$190.7M (Q1 2026)
SEC Filing
0001905665-26-000003 ↗ filed Apr 9, 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 $190.7M Q1 2026 Q2 2026: $209.4M Q2 2026

Holdings 71 stocks · $190.7M
DFAC Dimensional US Core Equity 2 34.72% 1,703,919 $66.2M Add +0.7%
DFAX Dimensional World Ex US Core 16.10% 903,646 $30.7M Add +5.8%
DFIV Dimensional International Va 9.48% 342,478 $18.1M Reduce -0.1%
DFUV Dimensional US Marketwide Va 3.38% 133,062 $6.4M Reduce -1.0%
DOCU Docusign Inc. 2.82% 113,428 $5.4M Reduce -0.9%
DFAT Dimensional US Target Value 2.69% 82,111 $5.1M Reduce -0.4%
BRK.B Berkshire Hathaway Inc. Class B 2.63% 10,467 $5.0M Add +1003.0%
AMZN Amazon.com Inc. 1.59% 14,551 $3.0M Add +1.2%
DFAI Dimensional International Co. 1.52% 74,463 $2.9M Reduce -0.3%
DFUS Dimensional US Eq MKT ETF 1.52% 40,887 $2.9M Add +0.1%
DFEM Dimensional Emrg MRKT Core 1.51% 83,580 $2.9M Add +11.1%
IVV iShares Core S&P 500 ETF 1.26% 3,680 $2.4M Add +104.4%
DFNM Dimensional National Muni BD 1.11% 44,116 $2.1M Reduce -1.3%
SCHX Schwab US Large-Cap ETF 1.04% 77,331 $2.0M New
GLD SPDR Gold Shares 0.97% 4,278 $1.8M No change
DFIP Dimensional Inflation-Protec 0.93% 42,539 $1.8M Add +1.1%
TSLA Tesla Inc. 0.88% 4,531 $1.7M Add +0.2%
DFAS Dimensional US Small Cap ETF 0.88% 23,472 $1.7M No change
DFCF Dimensional Core Fixed Inc. 0.76% 34,134 $1.4M Reduce -0.5%
STLD Steel Dynamics Inc. 0.69% 7,291 $1.3M No change
SCHD Schwab US DVD Equity ETF 0.64% 39,910 $1.2M New
DISV Dimensional International SM 0.64% 30,966 $1.2M Add +14.4%
NVDA Nvidia Corp. 0.64% 6,950 $1.2M Add +7.5%
SCHA Schwab US Small-Cap ETF 0.61% 39,703 $1.2M New
DFAE Dimensional Emerging Core Eq 0.60% 33,961 $1.1M Add +0.0%
SCHM Schwab US Mid Cap ETF 0.59% 36,275 $1.1M New
DFSV Dimensional US Small Cap Val 0.56% 30,461 $1.1M Add +43.5%
SCHZ Schwab US Aggregate Bond ETF 0.51% 41,789 $970K No change
DFGP Dimensional GLBL Core PL Fix 0.49% 17,173 $927K Add +4.8%
GOOG Alphabet Inc. Class C 0.46% 3,055 $876K Add +0.4%
BRK.A Berkshire Hathaway Inc. Class A 0.38% 1 $718K New
AAPL Apple Inc. 0.37% 2,776 $705K Add +34.8%
VOO Vanguard S&P 500 ETF 0.36% 1,147 $685K Add +233.4%
DFGR Dim Global Real Estate ETF 0.35% 24,815 $660K Add +5.4%
DUHP Dimensional US High Profi Et 0.32% 16,574 $609K No change
SCHP Schwab U.S. Tips ETF 0.30% 21,290 $567K No change
AI C3.AI Inc. Class A 0.30% 67,276 $566K No change
VTI VG Morningstar TS MKT ETF-US 0.26% 1,550 $497K Add +107.5%
ADBE Adobe Inc. 0.26% 2,018 $491K Add +5.1%
IVW iShares S&P 500 Growth ETF 0.23% 3,830 $433K No change
MCO Moody's Corp. 0.22% 964 $421K No change
JPM JPMorgan Chase & Co. 0.22% 1,403 $413K New
DFSD Dimensional Short Duration 0.21% 8,495 $407K Add +0.0%
DE Deere & Co. 0.20% 692 $390K No change
ORCL Oracle Corp. 0.20% 2,589 $381K Add +0.1%
STE Steris PLC 0.20% 1,694 $375K No change
MAR Marriott International Class A 0.19% 1,104 $361K Add +0.2%
BA The Boeing Co. 0.17% 1,661 $331K New
SCHF Schwab Intl Equity ETF 0.17% 13,328 $330K No change
AFRM Affirm Holdings Inc. 0.17% 7,000 $321K No change
XLI SS Industrial Select Sector 0.16% 1,896 $307K New
SCHV Schwab US Large-Cap Value 0.16% 9,992 $305K No change
QQQ Invesco QQQ Trust Series 1 0.16% 518 $299K Reduce -2.3%
XOM Exxon Mobil Corp. 0.15% 1,731 $294K No change
DFAU Dimensional US Core Equity M 0.15% 6,225 $281K No change
HUM Humana Inc. 0.14% 1,587 $275K No change
BLK BlackRock Inc. 0.14% 281 $270K New
CMI Cummins Inc. 0.14% 500 $269K New
AVGO Broadcom Inc. 0.14% 866 $268K Add +1.9%
DFEV Dimensional Emrg MRKT Val 0.13% 6,967 $249K No change
LMT Lockheed Martin Corp. 0.13% 409 $247K New
DIHP Dimensional International Hi 0.12% 6,978 $225K No change
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.12% 774 $222K New
V Visa Inc. Class A 0.11% 723 $219K New
MGK Vngrd Mrgstr MG CP GR ETF-Ui 0.11% 592 $218K New
EFV iShares MSCI Eafe Value ETF 0.11% 2,898 $215K No change
NET Cloudflare Inc. Class A 0.11% 1,043 $215K Add +0.3%
DFCA Dimensional Calfornia MB ETF 0.11% 4,186 $209K New
VUG Vanguard Mrngstar GR ETF-Sui 0.11% 477 $208K New
FANG Diamondback Energy Inc. 0.11% 1,042 $206K New
MSFT Microsoft Corp. 0.11% 545 $202K New

Portfolio Sells Q4 2025 → Q1 2026
DOCU Docusign Inc. Reduce -0.9% 2.82% −1.67
DFIV Dimensional International Va Reduce -0.1% 9.48% −0.34
DFUV Dimensional US Marketwide Va Reduce -1.0% 3.38% −0.21
DFAT Dimensional US Target Value Reduce -0.4% 2.69% −0.13
DFNM Dimensional National Muni BD Reduce -1.3% 1.11% −0.13
DFAI Dimensional International Co. Reduce -0.3% 1.52% −0.11
DFCF Dimensional Core Fixed Inc. Reduce -0.5% 0.76% −0.08
QQQ Invesco QQQ Trust Series 1 Reduce -2.3% 0.16% −0.03

Portfolio Buys Q4 2025 → Q1 2026
BRK.B Berkshire Hathaway Inc. Class B Add +1003.0% 2.63% +2.36
SCHX Schwab US Large-Cap ETF New 1.04% +1.04
SCHD Schwab US DVD Equity ETF New 0.64% +0.64
SCHA Schwab US Small-Cap ETF New 0.61% +0.61
SCHM Schwab US Mid Cap ETF New 0.59% +0.59
IVV iShares Core S&P 500 ETF Add +104.4% 1.26% +0.55
BRK.A Berkshire Hathaway Inc. Class A New 0.38% +0.38
VOO Vanguard S&P 500 ETF Add +233.4% 0.36% +0.24
JPM JPMorgan Chase & Co. New 0.22% +0.22
BA The Boeing Co. New 0.17% +0.17
XLI SS Industrial Select Sector New 0.16% +0.16
DFSV Dimensional US Small Cap Val Add +43.5% 0.56% +0.16
BLK BlackRock Inc. New 0.14% +0.14
CMI Cummins Inc. New 0.14% +0.14
LMT Lockheed Martin Corp. New 0.13% +0.13
VTI VG Morningstar TS MKT ETF-US Add +107.5% 0.26% +0.12
VO Vngrd Mrngstr MD-Cap ETF-Usd New 0.12% +0.12
V Visa Inc. Class A New 0.11% +0.11
MGK Vngrd Mrgstr MG CP GR ETF-Ui New 0.11% +0.11
DFCA Dimensional Calfornia MB ETF New 0.11% +0.11
VUG Vanguard Mrngstar GR ETF-Sui New 0.11% +0.11
FANG Diamondback Energy Inc. New 0.11% +0.11
MSFT Microsoft Corp. New 0.11% +0.11
DFEM Dimensional Emrg MRKT Core Add +11.1% 1.51% +0.09
DISV Dimensional International SM Add +14.4% 0.64% +0.05
AAPL Apple Inc. Add +34.8% 0.37% +0.05
DFAX Dimensional World Ex US Core Add +5.8% 16.10% +0.04
NET Cloudflare Inc. Class A Add +0.3% 0.11% −0.00
MAR Marriott International Class A Add +0.2% 0.19% −0.01
DFGR Dim Global Real Estate ETF Add +5.4% 0.35% −0.01
DFSD Dimensional Short Duration Add +0.0% 0.21% −0.02
DFGP Dimensional GLBL Core PL Fix Add +4.8% 0.49% −0.02
AVGO Broadcom Inc. Add +1.9% 0.14% −0.03
DFAE Dimensional Emerging Core Eq Add +0.0% 0.60% −0.03
NVDA Nvidia Corp. Add +7.5% 0.64% −0.06
DFIP Dimensional Inflation-Protec Add +1.1% 0.93% −0.07
GOOG Alphabet Inc. Class C Add +0.4% 0.46% −0.09
ORCL Oracle Corp. Add +0.1% 0.20% −0.09
ADBE Adobe Inc. Add +5.1% 0.26% −0.13
DFUS Dimensional US Eq MKT ETF Add +0.1% 1.52% −0.22
TSLA Tesla Inc. Add +0.2% 0.88% −0.28
AMZN Amazon.com Inc. Add +1.2% 1.59% −0.32
DFAC Dimensional US Core Equity 2 Add +0.7% 34.72% −3.74

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