Waterloo Capital, L.P.
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed July 29, 2026), Waterloo Capital, L.P. reported 552 stock positions worth $1.8 billion. Its top holding was Ste STR SPDR PT S&P 500 ETF (SPYM) at 4.2% of the portfolio, followed by Walmart (WMT, 3.4%) and SS SPDR P S&P 500 Growth ETF (SPYG, 3.1%). Compared with Q1 2026, it opened 120 new positions, sold out of 46, added to 235 and reduced 185. The biggest buy was Ste STR SPDR PT S&P 500 ETF (SPYM, shares +368%) and the biggest sale iShares Core S&P 500 ETF (IVV, shares −67%).
- Most Recent 13F
- Q2 2026
- Location
- AUSTIN, TX
- CIK
- 0001730942
- Portfolio Value
- $1.8B (Q2 2026)
- SEC Filing
- 0001104659-26-087951 ↗ filed Jul 29, 2026
Holdings Value
Holdings 552 stocks · $1.8B
| SPYM Ste STR SPDR PT S&P 500 ETF | 4.22% | 851,658 | $74.8M | Add +368.4% |
| WMT Walmart Inc. | 3.39% | 530,264 | $60.1M | Add +4.5% |
| SPYG SS SPDR P S&P 500 Growth ETF | 3.05% | 454,743 | $54.1M | Add +29.6% |
| AVLV Avantis US Large Cap Value | 2.59% | 502,911 | $45.9M | New |
| AAPL Apple Inc. | 2.34% | 143,351 | $41.5M | Add +16.2% |
| QQQM Invesco Nasdaq 100 ETF | 2.21% | 129,254 | $39.2M | Add +16.8% |
| NVDA Nvidia Corp. | 2.08% | 184,461 | $36.9M | Add +9.6% |
| FENI Fidelity Enhanced Intl ETF | 2.06% | 909,512 | $36.5M | Add +3.5% |
| ACIO Aptus Collared Invest Opp | 1.93% | 742,913 | $34.3M | Reduce -2.5% |
| EMXC iShares MSCI Emr MRK Ex Chna | 1.72% | 297,542 | $30.4M | Add +2.9% |
| RSP Invesco S&P 500 Equal Weight | 1.70% | 141,666 | $30.1M | Reduce -6.8% |
| IDUB Aptus Intl Enhan YLD ETF | 1.48% | 952,040 | $26.2M | Reduce -2.2% |
| JCPB JPMorgan Core Plus Bond ETF | 1.43% | 540,035 | $25.3M | Add +20.0% |
| GBIL Goldman Sachs Access Treasur | 1.33% | 234,945 | $23.5M | Add +1.3% |
| DRSK Aptus Defined Risk ETF | 1.21% | 744,188 | $21.4M | Add +3.6% |
| VEA Vanguard Ftse Developed ETF | 1.20% | 298,504 | $21.3M | Add +0.1% |
| AVGO Broadcom Inc. | 1.17% | 54,944 | $20.8M | Add +19.1% |
| VOO Vanguard S&P 500 ETF | 1.12% | 28,818 | $19.8M | Reduce -11.0% |
| IVV iShares Core S&P 500 ETF | 1.10% | 26,103 | $19.5M | Reduce -67.5% |
| OSCV Opus Small Cap Value ETF | 1.09% | 457,187 | $19.3M | Reduce -1.4% |
| CGSD Cap Group Short Duration | 1.03% | 710,000 | $18.3M | New |
| MSFT Microsoft Corp. | 0.98% | 46,783 | $17.5M | Add +9.7% |
| IEF iShares 7-10 Year Treasury B | 0.95% | 179,061 | $16.9M | Add +111.3% |
| AMZN Amazon.com Inc. | 0.90% | 67,348 | $16.1M | Add +12.2% |
| SMH Vaneck Semiconductor ETF | 0.88% | 23,851 | $15.6M | Reduce -27.3% |
| GOOG Alphabet Inc. Class C | 0.85% | 42,499 | $15.0M | Add +24.6% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.83% | 19,615 | $14.6M | Add +23.9% |
| MUB iShares National Muni Bond E | 0.81% | 133,204 | $14.3M | Reduce -3.4% |
| ADME Aptus Drwdwn MGD Eqty ETF | 0.79% | 250,954 | $14.0M | Reduce -3.0% |
| QQQ Invesco QQQ Trust Series 1 | 0.74% | 17,933 | $13.2M | Add +72.6% |
| ASML ASML Holding NV-NY Reg SHS filed as ASML HLDG NV | 0.73% | 6,498 | $12.9M | Add +330.9% |
| SLQD iShares 0-5 YR Inv GRD Corp. | 0.73% | 256,252 | $12.9M | Add +5.9% |
| DUBS Aptus LRG Cap Enh YLD ETF | 0.72% | 307,808 | $12.8M | Add +42.2% |
| GOOGL Alphabet Inc. Class A | 0.71% | 35,088 | $12.5M | Add +3.6% |
| AMD Advanced Micro Devices | 0.68% | 20,700 | $12.0M | Add +112.9% |
| UPSD Aptus Large Cap Upside ETF | 0.67% | 421,963 | $11.9M | Add +4.2% |
| STX Seagate Technology Holdings | 0.66% | 12,142 | $11.7M | Reduce -5.8% |
| SHYG iShares 0-5 YR HY Corp. Bond | 0.61% | 253,825 | $10.8M | Add +5.0% |
| VWO Vanguard Ftse Emerging Marke | 0.60% | 178,293 | $10.6M | Add +3.5% |
| AGG iShares Core U.S. Aggregate | 0.60% | 107,044 | $10.6M | Add +20.4% |
| IAU iShares Gold Trust | 0.59% | 139,369 | $10.5M | Add +27.8% |
| CTA Simplify Managed Futures St | 0.57% | 387,215 | $10.0M | Add +200.1% |
| IEFA iShares Core MSCI Eafe ETF | 0.53% | 97,062 | $9.4M | Reduce -7.1% |
| EWJ iShares MSCI Japan ETF | 0.52% | 99,472 | $9.3M | Add +9.2% |
| IWD iShares Russell 1000 Value E | 0.51% | 37,287 | $9.0M | Reduce -17.0% |
| SJNK SS SPDR BB St Hi Yield ETF | 0.50% | 354,627 | $8.9M | Add +4.2% |
| CGCP Cap Group Core Plus Income | 0.48% | 384,700 | $8.6M | New |
| SPLV Invesco S&P 500 Low Volatili | 0.48% | 113,513 | $8.5M | Reduce -22.5% |
| GLBE Global-E Online Ltd. | 0.48% | 243,565 | $8.5M | New |
| SPTI SS SPDR P Int Term TSY ETF | 0.48% | 296,877 | $8.4M | Reduce -22.9% |
| JPIE JPMorgan Income ETF | 0.47% | 182,882 | $8.4M | Reduce -23.7% |
| SHOP Shopify Inc. Class A | 0.45% | 70,169 | $8.0M | New |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | 0.45% | 73,041 | $8.0M | Add +9.0% |
| SPYD SS SPDR P S&P 500 Hi Div ETF | 0.44% | 163,735 | $7.8M | Add +4.7% |
| MU Micron Technology Inc. | 0.44% | 6,761 | $7.8M | Add +52.3% |
| TSLA Tesla Inc. | 0.44% | 18,456 | $7.8M | Add +10.2% |
| BSV Vanguard Short-Term Bond ETF | 0.44% | 99,419 | $7.7M | Reduce -39.9% |
| IEMG iShares Core MSCI Emerging | 0.43% | 91,400 | $7.6M | Add +5.1% |
| PM Philip Morris International | 0.42% | 41,589 | $7.5M | Add +0.5% |
| CEG Constellation Energy | 0.41% | 29,567 | $7.3M | Add +493.2% |
| SPG Simon Property Group Inc. | 0.39% | 30,885 | $6.9M | Add +9.4% |
| OHI Omega Healthcare Investors | 0.39% | 143,784 | $6.9M | Add +2.5% |
| SPHY SS SPDR P High Yield ETF | 0.38% | 289,526 | $6.8M | Add +0.1% |
| JPM JPMorgan Chase & Co. | 0.37% | 19,900 | $6.5M | Add +5.6% |
| ACWX iShares MSCI Acwi Ex US ETF | 0.36% | 84,173 | $6.4M | Reduce -3.4% |
| JNJ Johnson & Johnson | 0.35% | 24,785 | $6.3M | Add +5.6% |
| MO Altria Group Inc. | 0.35% | 87,133 | $6.3M | Reduce -6.9% |
| SBRA Sabra Health Care REIT Inc. | 0.34% | 304,684 | $5.9M | Add +2.5% |
| V Visa Inc. Class A | 0.33% | 17,118 | $5.9M | Add +10.7% |
| ABBV Abbvie Inc. | 0.33% | 23,335 | $5.9M | Add +10.8% |
| INFL Horizon Kinetics Infl Benef | 0.33% | 116,730 | $5.8M | Add +19.2% |
| META Meta Platforms Inc. Class A | 0.33% | 10,293 | $5.8M | Add +0.4% |
| BKGI BNY Mellon GLBL Infra Inc. | 0.32% | 127,511 | $5.7M | Reduce -24.4% |
| DGX Quest Diagnostics Inc. | 0.32% | 26,666 | $5.7M | Add +7.4% |
| LLY Eli Lilly & Co. | 0.31% | 4,584 | $5.5M | Add +25.1% |
| UBER Uber Technologies Inc. | 0.31% | 75,722 | $5.5M | Add +252.5% |
| PPA Invesco Aerospace & Defense | 0.30% | 30,564 | $5.4M | Add +20.8% |
| MDGL Madrigal Pharmaceuticals Inc. | 0.30% | 9,926 | $5.3M | New |
| BRK.B Berkshire Hathaway Inc. Class B | 0.30% | 10,476 | $5.2M | Add +21.5% |
| WFC Wells Fargo & Co. | 0.29% | 62,918 | $5.2M | Add +0.6% |
| CWEN Clearway Energy Inc. Class C | 0.29% | 151,034 | $5.2M | New |
| XLK SS Technology Select Sector | 0.28% | 26,438 | $5.0M | Add +91.7% |
| HST Host Hotels & Resorts Inc. | 0.28% | 210,601 | $5.0M | Add +24.4% |
| SPYV SS SPDR P S&P 500 Value ETF | 0.28% | 81,430 | $5.0M | Reduce -2.3% |
| SCHX Schwab US Large-Cap ETF | 0.28% | 167,217 | $4.9M | Reduce -0.1% |
| VTI VG Morningstar TS MKT ETF-US | 0.27% | 13,068 | $4.8M | Add +25.2% |
| DEFR Aptus Deferred Income ETF | 0.27% | 179,736 | $4.8M | Add +11.4% |
| KO The Coca-Cola Co. | 0.27% | 58,888 | $4.8M | Add +8.0% |
| AM Antero Midstream Corp. | 0.26% | 204,399 | $4.7M | Add +3.4% |
| JBHT Hunt (jb) Transprt SVCS Inc. | 0.26% | 15,906 | $4.6M | Add +27.8% |
| KMI Kinder Morgan Inc. | 0.25% | 140,196 | $4.5M | Add +0.1% |
| PWR Quanta Services Inc. | 0.25% | 6,191 | $4.5M | Reduce -10.3% |
| ATO Atmos Energy Corp. | 0.25% | 25,664 | $4.4M | Reduce -10.3% |
| FITB Fifth Third Bancorp | 0.25% | 77,961 | $4.4M | Add +2.9% |
| SCHG Schwab US Large-Cap Growth | 0.24% | 127,251 | $4.3M | Add +118.1% |
| OUT Outfront Media Inc. | 0.24% | 131,288 | $4.3M | Add +26.3% |
| DVA Davita Inc. | 0.23% | 18,423 | $4.1M | New |
| MMM 3M Co. | 0.23% | 24,889 | $4.0M | Add +3.3% |
| JUCY Aptus Enhanced Yield ETF | 0.23% | 183,245 | $4.0M | Reduce -3.5% |
| TNL Travel + Leisure Co. | 0.23% | 52,633 | $4.0M | Reduce -5.0% |
Options reported separately and not counted above: QQQ puts ($1.8M), TLT calls ($1.5M), SMH puts ($386K), HPK calls ($239K), MU calls ($231K).
Other holdings (3): bonds, preferreds, convertibles and warrants · $1.3M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | 504 | $632K | Add +1.2% |
| ORACLE CORP (ORCL 6.5 01/15/29 D) | 6.5 DEP CUM SR D | 7,822 | $352K | New |
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A | 4,710 | $317K | No change |
Total filed on the 13F, all lines: $1.8B.
Portfolio Sells Q1 2026 → Q2 2026
| IVV iShares Core S&P 500 ETF | Reduce -67.5% | 1.10% | −2.58 |
| DFLV Dim US Large Cap Value ETF | Reduce -97.6% | 0.05% | −2.07 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Reduce -93.8% | 0.04% | −0.71 |
| BSV Vanguard Short-Term Bond ETF | Reduce -39.9% | 0.44% | −0.47 |
| XLI SS Industrial Select Sector | Reduce -68.5% | 0.17% | −0.42 |
| XOM Exxon Mobil Corp. | Sold out | 0.00% | −0.41 |
| CWEN.A Clearway Energy Inc. Class A | Sold out | 0.00% | −0.41 |
| RSP Invesco S&P 500 Equal Weight | Reduce -6.8% | 1.70% | −0.35 |
| ACIO Aptus Collared Invest Opp | Reduce -2.5% | 1.93% | −0.31 |
| JPIE JPMorgan Income ETF | Reduce -23.7% | 0.47% | −0.30 |
| SPTI SS SPDR P Int Term TSY ETF | Reduce -22.9% | 0.48% | −0.30 |
| SPLV Invesco S&P 500 Low Volatili | Reduce -22.5% | 0.48% | −0.27 |
| SGOV iShares 0-3 Month Treasury B | Reduce -43.1% | 0.22% | −0.26 |
| VOO Vanguard S&P 500 ETF | Reduce -11.0% | 1.12% | −0.24 |
| MUB iShares National Muni Bond E | Reduce -3.4% | 0.81% | −0.22 |
| IDUB Aptus Intl Enhan YLD ETF | Reduce -2.2% | 1.48% | −0.21 |
| GBDC Golub Capital BDC Inc. | Reduce -53.6% | 0.12% | −0.20 |
| BKGI BNY Mellon GLBL Infra Inc. | Reduce -24.4% | 0.32% | −0.20 |
| OSCV Opus Small Cap Value ETF | Reduce -1.4% | 1.09% | −0.20 |
| IWD iShares Russell 1000 Value E | Reduce -17.0% | 0.51% | −0.16 |
| MCD McDonald's Corp. | Reduce -79.1% | 0.03% | −0.16 |
| IEFA iShares Core MSCI Eafe ETF | Reduce -7.1% | 0.53% | −0.14 |
| LHX L3HARRIS Technologies Inc. | Reduce -81.3% | 0.02% | −0.13 |
| VEU Vanguard Ftse All-World Ex-U | Reduce -80.2% | 0.03% | −0.12 |
| PLTR Palantir Technologies Inc. Class A | Reduce -12.3% | 0.16% | −0.12 |
| ATO Atmos Energy Corp. | Reduce -10.3% | 0.25% | −0.12 |
| NFLX Netflix Inc. | Reduce -12.7% | 0.13% | −0.12 |
| ADME Aptus Drwdwn MGD Eqty ETF | Reduce -3.0% | 0.79% | −0.11 |
| BR Broadridge Financial Solutio | Reduce -82.6% | 0.01% | −0.10 |
| IBIT iShares Bitcoin Trust ETF | Reduce -23.6% | 0.12% | −0.10 |
| XLF SS Financial Select Sector | Reduce -34.2% | 0.13% | −0.09 |
| CSNR C&S Nat Resources Active ETF | Reduce -11.5% | 0.16% | −0.09 |
| SPGI S&P Global Inc. | Reduce -57.5% | 0.04% | −0.09 |
| HCA HCA Healthcare Inc. | Reduce -76.4% | 0.02% | −0.09 |
| PEP Pepsico Inc. | Reduce -45.1% | 0.06% | −0.09 |
| SO The Southern Co. | Reduce -9.8% | 0.22% | −0.09 |
| GLD SPDR Gold Shares | Reduce -29.8% | 0.08% | −0.09 |
| HD Home Depot Inc. | Reduce -49.1% | 0.07% | −0.08 |
| TJX TJX Companies Inc. | Reduce -26.2% | 0.11% | −0.08 |
| MO Altria Group Inc. | Reduce -6.9% | 0.35% | −0.08 |
| ALLE Allegion PLC | Sold out | 0.00% | −0.07 |
| CVX Chevron Corp. | Reduce -16.2% | 0.08% | −0.07 |
| PKG Packaging Corp. of America | Sold out | 0.00% | −0.07 |
| T AT&T Inc. | Reduce -25.2% | 0.05% | −0.07 |
| JUCY Aptus Enhanced Yield ETF | Reduce -3.5% | 0.23% | −0.07 |
| LDOS Leidos Holdings Inc. | Reduce -1.2% | 0.07% | −0.07 |
| FANG Diamondback Energy Inc. | Reduce -1.8% | 0.15% | −0.06 |
| NEE Nextera Energy Inc. | Reduce -4.7% | 0.16% | −0.06 |
| WMB Williams Cos Inc. | Reduce -38.7% | 0.06% | −0.06 |
| ACWX iShares MSCI Acwi Ex US ETF | Reduce -3.4% | 0.36% | −0.06 |
Portfolio Buys Q1 2026 → Q2 2026
| SPYM Ste STR SPDR PT S&P 500 ETF | Add +368.4% | 4.22% | +3.24 |
| AVLV Avantis US Large Cap Value | New | 2.59% | +2.59 |
| CGSD Cap Group Short Duration | New | 1.03% | +1.03 |
| SPYG SS SPDR P S&P 500 Growth ETF | Add +29.6% | 3.05% | +0.64 |
| ASML ASML Holding NV-NY Reg SHS | Add +330.9% | 0.73% | +0.59 |
| AMD Advanced Micro Devices | Add +112.9% | 0.68% | +0.54 |
| CGCP Cap Group Core Plus Income | New | 0.48% | +0.48 |
| GLBE Global-E Online Ltd. | New | 0.48% | +0.48 |
| SHOP Shopify Inc. Class A | New | 0.45% | +0.45 |
| IEF iShares 7-10 Year Treasury B | Add +111.3% | 0.95% | +0.39 |
| QQQM Invesco Nasdaq 100 ETF | Add +16.8% | 2.21% | +0.36 |
| MU Micron Technology Inc. | Add +52.3% | 0.44% | +0.33 |
| QQQ Invesco QQQ Trust Series 1 | Add +72.6% | 0.74% | +0.32 |
| CEG Constellation Energy | Add +493.2% | 0.41% | +0.32 |
| MDGL Madrigal Pharmaceuticals Inc. | New | 0.30% | +0.30 |
| CTA Simplify Managed Futures St | Add +200.1% | 0.57% | +0.29 |
| CWEN Clearway Energy Inc. Class C | New | 0.29% | +0.29 |
| DVA Davita Inc. | New | 0.23% | +0.23 |
| UBER Uber Technologies Inc. | Add +252.5% | 0.31% | +0.20 |
| PONY Pony AI Inc. | New | 0.18% | +0.18 |
| DUBS Aptus LRG Cap Enh YLD ETF | Add +42.2% | 0.72% | +0.17 |
| WRD Weride Inc.-ADR | New | 0.17% | +0.17 |
| WIW Western Asst Infl-LNK Opp | New | 0.17% | +0.17 |
| AVGO Broadcom Inc. | Add +19.1% | 1.17% | +0.17 |
| GOOG Alphabet Inc. Class C | Add +24.6% | 0.85% | +0.16 |
| XLK SS Technology Select Sector | Add +91.7% | 0.28% | +0.16 |
| BXSL Blackstone Secured Lending F | Add +964.3% | 0.17% | +0.15 |
| COIN Coinbase Global Inc. Class A | New | 0.15% | +0.15 |
| IWY iShares Russell Top 200 Grow | New | 0.14% | +0.14 |
| AAPL Apple Inc. | Add +16.2% | 2.34% | +0.14 |
| IWF iShares Russell 1000 Growth | New | 0.14% | +0.14 |
| TTD Trade Desk Inc./the Class A | New | 0.14% | +0.14 |
| MNST Monster Beverage Corp. | Add +191.1% | 0.20% | +0.13 |
| ZIM Zim Integrated Shipping Serv | New | 0.13% | +0.13 |
| SCHG Schwab US Large-Cap Growth | Add +118.1% | 0.24% | +0.12 |
| DLN Wisdomtree US Largecap Divid | New | 0.12% | +0.12 |
| MS Morgan Stanley | Add +280.9% | 0.16% | +0.12 |
| ILCG iShares Morningstar Growth E | New | 0.12% | +0.12 |
| EMXC iShares MSCI Emr MRK Ex Chna | Add +2.9% | 1.72% | +0.12 |
| TOST Toast Inc. Class A | New | 0.10% | +0.10 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +23.9% | 0.83% | +0.10 |
| STLD Steel Dynamics Inc. | Add +275.3% | 0.13% | +0.10 |
| PANW Palo Alto Networks Inc. | Add +15.7% | 0.20% | +0.10 |
| CAT Caterpillar Inc. | Add +65.9% | 0.19% | +0.10 |
| EMO Clearbridge Energy Midstream | New | 0.08% | +0.08 |
| DELL Dell Technologies -C | Add +83.6% | 0.11% | +0.08 |
| IVW iShares S&P 500 Growth ETF | New | 0.08% | +0.08 |
| JBHT Hunt (jb) Transprt SVCS Inc. | Add +27.8% | 0.26% | +0.07 |
| LLY Eli Lilly & Co. | Add +25.1% | 0.31% | +0.07 |
| AMAT Applied Materials Inc. | Add +0.1% | 0.17% | +0.07 |
Options Activity Q1 2026 → Q2 2026
| QQQ Invesco QQQ Trust Series 1 | put | New | 2,500 | $1.8M |
| TLT iShares 20+ Year Treasury BD | call | New | 17,300 | $1.5M |
| SMH Vaneck Semiconductor ETF | put | New | 600 | $386K |
| HPK Highpeak Energy Inc. | call | New | 34,200 | $239K |
| MU Micron Technology Inc. | call | New | 200 | $231K |
| SPDR GOLD TR | call | Sold out | 500 | $215Kbefore exit |
| HIGHPEAK ENERGY INC | call | Sold out | 22,500 | $155Kbefore exit |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q1 2026 → Q2 2026
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | Add +1.2% | 504 | $632K |
| ORACLE CORP (ORCL 6.5 01/15/29 D) | 6.5 DEP CUM SR D | New | 7,822 | $352K |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 552 | $1.8B | SPYM, WMT, SPYG, AVLV, AAPL |
| Q1 2026 | 477 | $1.4B | WMT, IVV, SPYG, FENI, ACIO |
| Q4 2025 | 453 | $1.4B | IVV, WMT, SPYG, AAPL, ACIO |
| Q3 2025 | 452 | $1.3B | IVV, SPYG, WMT, ACIO, AAPL |
| Q2 2025 | 454 | $1.2B | IVV, RSP, SPYG, WMT, ACIO |
| Q1 2025 | 389 | $1.1B | IVV, RSP, GBIL, ACIO, WMT |
| Q4 2024 | 361 | $947.9M | IVV, WMT, SPYG, RSP, ACIO |
| Q3 2024 | 352 | $915.6M | IVV, RSP, IWD, ACIO, SPYG |
| Q2 2024 | 346 | $832.8M | IVV, SPYG, BSV, IWD, QUAL |
| Q1 2024 | 360 | $782.2M | IVV, IWD, QUAL, ACIO, QQQM |