Waterloo Capital, L.P.
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 14, 2024), Waterloo Capital, L.P. reported 360 stock positions worth $782.2 million. Its top holding was iShares Core S&P 500 ETF (IVV) at 3.9% of the portfolio, followed by iShares Russell 1000 Value E (IWD, 3.2%) and iShares MSCI USA Quality Fac (QUAL, 3.2%). Compared with Q4 2023, it opened 35 new positions, sold out of 45, added to 187 and reduced 124. The biggest buy was iShares Russell 1000 Value E (IWD, shares +102%) and the biggest sale iShares Core 80/20 Aggressiv (AOA, shares −57%).
- Most Recent 13F
- Q2 2026
- Location
- AUSTIN, TX
- CIK
- 0001730942
- Portfolio Value
- $782.2M (Q1 2024)
- SEC Filing
- 0001104659-24-060772 ↗ filed May 14, 2024
Holdings Value
Holdings 360 stocks · $782.2M
| IVV iShares Core S&P 500 ETF | 3.93% | 58,421 | $30.7M | Add +46.7% |
| IWD iShares Russell 1000 Value E | 3.25% | 141,730 | $25.4M | Add +102.4% |
| QUAL iShares MSCI USA Quality Fac | 3.17% | 150,846 | $24.8M | Add +64.8% |
| ACIO Aptus Collared Invest Opp | 2.62% | 568,431 | $20.5M | Add +3.5% |
| QQQM Invesco Nasdaq 100 ETF | 2.55% | 109,112 | $19.9M | Add +74.1% |
| SPYG SS SPDR P S&P 500 Growth ETF | 2.34% | 249,938 | $18.3M | Add +72.6% |
| BSV Vanguard Short-Term Bond ETF | 2.11% | 215,287 | $16.5M | Add +27.9% |
| RSP Invesco S&P 500 Equal Weight | 2.06% | 95,082 | $16.1M | Add +60.2% |
| DRSK Aptus Defined Risk ETF | 1.77% | 520,667 | $13.9M | Add +28.2% |
| IDUB Aptus Intl Enhan YLD ETF | 1.73% | 649,881 | $13.5M | Add +11.6% |
| MSFT Microsoft Corp. | 1.59% | 29,501 | $12.4M | Add +14.2% |
| AGG iShares Core U.S. Aggregate | 1.49% | 119,367 | $11.7M | Add +27.5% |
| SPTI SS SPDR P Int Term TSY ETF | 1.48% | 411,120 | $11.6M | Add +22.8% |
| OSCV Opus Small Cap Value ETF | 1.44% | 312,216 | $11.2M | Add +14.7% |
| VEA Vanguard Ftse Developed ETF | 1.41% | 220,584 | $11.1M | Add +12.2% |
| SPLV Invesco S&P 500 Low Volatili | 1.41% | 167,493 | $11.0M | Add +61.5% |
| VOO Vanguard S&P 500 ETF | 1.36% | 22,096 | $10.6M | Add +0.9% |
| AAPL Apple Inc. | 1.36% | 61,842 | $10.6M | Add +9.4% |
| WMT Walmart Inc. | 1.32% | 171,910 | $10.3M | Add +47.1% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.16% | 17,390 | $9.1M | Reduce -10.9% |
| ADME Aptus Drwdwn MGD Eqty ETF | 1.14% | 212,738 | $8.9M | Reduce -2.5% |
| DUBS Aptus LRG Cap Enh YLD ETF | 1.12% | 300,765 | $8.8M | Reduce -7.1% |
| DXJ Wisdomtree Japan Hedged Eq | 1.12% | 80,476 | $8.7M | Add +151.5% |
| USIG iShares Broad Usd Investment | 1.11% | 171,144 | $8.7M | Add +49.1% |
| XLC SS Comm Select Sector SPDR | 1.07% | 102,300 | $8.4M | Add +129.3% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 1.04% | 132,596 | $8.2M | Add +27.4% |
| INDA iShares MSCI India ETF | 0.99% | 150,358 | $7.8M | Add +136.6% |
| AOA iShares Core 80/20 Aggressiv | 0.99% | 105,495 | $7.7M | Reduce -56.7% |
| SHYG iShares 0-5 YR HY Corp. Bond | 0.96% | 176,882 | $7.5M | Add +45.9% |
| AVGO Broadcom Inc. | 0.94% | 5,570 | $7.4M | Add +1.6% |
| IWR iShares Russell Mid-Cap ETF | 0.93% | 86,828 | $7.3M | Add +76.0% |
| SJNK SS SPDR BB St Hi Yield ETF | 0.87% | 269,725 | $6.8M | Add +23.2% |
| IEFA iShares Core MSCI Eafe ETF | 0.86% | 90,604 | $6.7M | Add +366.2% |
| JEPI JPMorgan Equity Premium Inco | 0.76% | 103,130 | $6.0M | Add +360.4% |
| NVDA Nvidia Corp. | 0.75% | 6,471 | $5.8M | Add +38.9% |
| SPHY SS SPDR P High Yield ETF | 0.75% | 249,049 | $5.8M | Add +209.5% |
| JUCY Aptus Enhanced Yield ETF | 0.72% | 239,809 | $5.6M | Reduce -35.9% |
| AMZN Amazon.com Inc. | 0.67% | 29,153 | $5.3M | Reduce -1.4% |
| VWO Vanguard Ftse Emerging Marke | 0.66% | 123,894 | $5.2M | Add +15.2% |
| QQQ Invesco QQQ Trust Series 1 | 0.65% | 11,384 | $5.1M | Add +2.8% |
| BX Blackstone Inc. | 0.64% | 38,194 | $5.0M | Add +11.3% |
| FTCS First Trust Capital Strength | 0.61% | 55,799 | $4.8M | Reduce -0.5% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 0.60% | 51,138 | $4.7M | Reduce -23.4% |
| PEP Pepsico Inc. | 0.54% | 23,936 | $4.2M | Add +0.5% |
| RITM Rithm Capital Corp. | 0.53% | 373,399 | $4.2M | Add +22.3% |
| GOOGL Alphabet Inc. Class A | 0.51% | 26,416 | $4.0M | Add +16.9% |
| GBIL Goldman Sachs Access Treasur | 0.49% | 37,909 | $3.8M | Add +54.4% |
| V Visa Inc. Class A | 0.48% | 13,508 | $3.8M | Add +9.5% |
| SCHX Schwab US Large-Cap ETF | 0.48% | 60,641 | $3.8M | Reduce -2.3% |
| VTI VG Morningstar TS MKT ETF-US | 0.47% | 14,057 | $3.7M | Reduce -20.5% |
| STX Seagate Technology Holdings | 0.45% | 37,814 | $3.5M | Add +28.4% |
| WFC Wells Fargo & Co. | 0.45% | 60,647 | $3.5M | Add +20.7% |
| URI United Rentals Inc. | 0.44% | 4,790 | $3.5M | Add +3.7% |
| UNH Unitedhealth Group Inc. | 0.44% | 6,959 | $3.4M | Add +31.0% |
| JPM JPMorgan Chase & Co. | 0.44% | 17,167 | $3.4M | Add +2.2% |
| SBRA Sabra Health Care REIT Inc. | 0.43% | 229,868 | $3.4M | Add +41.4% |
| CVS CVS Health Corp. | 0.43% | 42,156 | $3.4M | Add +32.1% |
| CGDV Cap Group Dividend Value filed as CAPITAL GROUP DIVIDEND VALUE | 0.43% | 102,474 | $3.3M | Add +7.0% |
| VNO Vornado Realty Trust | 0.42% | 115,126 | $3.3M | Add +34.9% |
| DOW Dow Inc. | 0.42% | 56,635 | $3.3M | Add +22.1% |
| FLOT iShares Floating Rate Bond E | 0.41% | 62,888 | $3.2M | Add +41.5% |
| LNC Lincoln National Corp. | 0.41% | 99,837 | $3.2M | Add +41.5% |
| GOOG Alphabet Inc. Class C | 0.40% | 20,444 | $3.1M | Add +21.8% |
| SPG Simon Property Group Inc. | 0.40% | 19,821 | $3.1M | Add +18.4% |
| TNL Travel + Leisure Co. | 0.39% | 62,891 | $3.1M | Add +18.1% |
| OHI Omega Healthcare Investors | 0.38% | 93,459 | $3.0M | Add +20.4% |
| FSK FS KKR Capital Corp. | 0.37% | 151,051 | $2.9M | Add +8.8% |
| FITB Fifth Third Bancorp | 0.37% | 77,278 | $2.9M | Add +28.2% |
| PM Philip Morris International | 0.35% | 30,158 | $2.8M | Add +54.6% |
| HFXI Nylim Ftse Intr Eq CN ETF-Ui | 0.35% | 101,618 | $2.7M | Reduce -14.7% |
| BKLN Invesco Senior Loan ETF | 0.35% | 128,152 | $2.7M | Add +28.1% |
| BXSL Blackstone Secured Lending F | 0.34% | 86,503 | $2.7M | Add +34.6% |
| TLT iShares 20+ Year Treasury BD | 0.34% | 28,380 | $2.7M | Add +425.1% |
| HTGC Hercules Capital Inc. | 0.34% | 144,347 | $2.7M | Add +33.4% |
| MO Altria Group Inc. | 0.34% | 60,295 | $2.6M | Add +64.1% |
| ARCC Ares Capital Corp. | 0.33% | 124,623 | $2.6M | Add +6.8% |
| HD Home Depot Inc. | 0.32% | 6,582 | $2.5M | Add +37.9% |
| OKE Oneok Inc. | 0.32% | 31,476 | $2.5M | Add +21.6% |
| M D C HLDGS INC | 0.32% | 39,725 | $2.5M | Reduce -24.4% |
| LADR Ladder Capital Corp.-REIT | 0.32% | 223,753 | $2.5M | Add +38.6% |
| STWD Starwood Property Trust Inc. | 0.31% | 121,181 | $2.5M | Add +22.9% |
| FVD First Trust Value Line DVD | 0.31% | 58,174 | $2.5M | Reduce -3.6% |
| GBDC Golub Capital BDC Inc. | 0.30% | 142,330 | $2.4M | Add +64.8% |
| WHR Whirlpool Corp. | 0.29% | 19,204 | $2.3M | Add +25.7% |
| AY Atlantica Sustainable Infras | 0.29% | 123,371 | $2.3M | Add +32.9% |
| KMI Kinder Morgan Inc. | 0.29% | 123,314 | $2.3M | Add +5.7% |
| ABBV Abbvie Inc. | 0.28% | 12,237 | $2.2M | Add +0.8% |
| PGR Progressive Corp. | 0.28% | 10,635 | $2.2M | Add +12.2% |
| SPYV SS SPDR P S&P 500 Value ETF | 0.28% | 43,194 | $2.2M | Add +54.8% |
| BEPC Brookfield Renewable Cor-A | 0.28% | 87,567 | $2.2M | Add +65.1% |
| CWEN.A Clearway Energy Inc. Class A | 0.27% | 96,553 | $2.1M | Add +41.3% |
| TSLX Sixth Street Specialty Lendi | 0.26% | 96,268 | $2.1M | Add +21.8% |
| BKAG BNY Mellon Core Bond ETF | 0.26% | 47,732 | $2.0M | Add +7.7% |
| ADBE Adobe Inc. | 0.25% | 3,860 | $1.9M | Add +15.3% |
| XOM Exxon Mobil Corp. | 0.25% | 16,684 | $1.9M | Add +74.0% |
| BXMT Blackstone Mortgage Tru Class A | 0.25% | 96,844 | $1.9M | Add +39.0% |
| IYE iShares U.S. Energy ETF | 0.24% | 37,531 | $1.9M | Reduce -46.8% |
| AMD Advanced Micro Devices | 0.23% | 10,094 | $1.8M | Add +25.1% |
| JHMM John Hancock Multi Fact Mid | 0.23% | 31,453 | $1.8M | Reduce -10.5% |
| META Meta Platforms Inc. Class A | 0.23% | 3,683 | $1.8M | Add +8.7% |
Other holdings (1): bonds, preferreds, convertibles and warrants · $554K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | 464 | $554K | Reduce -5.1% |
Total filed on the 13F, all lines: $782.8M.
Portfolio Sells Q4 2023 → Q1 2024
| AOA iShares Core 80/20 Aggressiv | Reduce -56.7% | 0.99% | −1.73 |
| JUCY Aptus Enhanced Yield ETF | Reduce -35.9% | 0.72% | −0.72 |
| IWB iShares Russell 1000 ETF | Reduce -95.6% | 0.03% | −0.70 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Reduce -23.4% | 0.60% | −0.39 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -10.9% | 1.16% | −0.34 |
| DUBS Aptus LRG Cap Enh YLD ETF | Reduce -7.1% | 1.12% | −0.28 |
| IYE iShares U.S. Energy ETF | Reduce -46.8% | 0.24% | −0.27 |
| EWW iShares MSCI Mexico ETF | Reduce -78.9% | 0.05% | −0.27 |
| AOR iShares Core 60/40 Balanced | Reduce -81.0% | 0.04% | −0.24 |
| IYJ iShares U.S. Industrials ETF | Reduce -48.7% | 0.19% | −0.24 |
| ADME Aptus Drwdwn MGD Eqty ETF | Reduce -2.5% | 1.14% | −0.22 |
| IYK iShares US Consumer Staples | Reduce -48.0% | 0.16% | −0.21 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -20.5% | 0.47% | −0.21 |
| M D C HLDGS INC | Reduce -24.4% | 0.32% | −0.15 |
| HFXI Nylim Ftse Intr Eq CN ETF-Ui | Reduce -14.7% | 0.35% | −0.13 |
| VGT Vanguard Info Tech ETF | Reduce -78.4% | 0.03% | −0.13 |
| SCHA Schwab US Small-Cap ETF | Reduce -54.0% | 0.07% | −0.12 |
| FTCS First Trust Capital Strength | Reduce -0.5% | 0.61% | −0.12 |
| IGRO iShares Intl Div Growth ETF | Sold out | 0.00% | −0.11 |
| AM Antero Midstream Corp. | Reduce -24.9% | 0.20% | −0.10 |
| IJR iShares Core S&P Small-Cap E | Reduce -23.8% | 0.16% | −0.10 |
| IXUS iShares Core Intl Stock ETF | Reduce -52.2% | 0.06% | −0.10 |
| SCHX Schwab US Large-Cap ETF | Reduce -2.3% | 0.48% | −0.09 |
| SHY iShares 1-3 Year Treasury Bo | Reduce -68.7% | 0.03% | −0.08 |
| XLF SS Financial Select Sector | Reduce -39.0% | 0.10% | −0.08 |
| FVD First Trust Value Line DVD | Reduce -3.6% | 0.31% | −0.08 |
| IQSU Nylim Cndrim US LC Eq ETF-Ui | Reduce -25.5% | 0.13% | −0.08 |
| SHV iShares 0-1 Year Treasury Bo | Sold out | 0.00% | −0.08 |
| BEP Brookfield Renewable Partner | Sold out | 0.00% | −0.08 |
| BILS SS Spdrb B 3-12M T-Bill ETF | Reduce -48.1% | 0.05% | −0.08 |
| FPE FT-Preferred Secur & Inc. ETF | Reduce -22.9% | 0.13% | −0.08 |
| IJH iShares Core S&P Midcap ETF | Reduce -40.2% | 0.08% | −0.07 |
| JHEM John Hancock Multi Em MRK Et | Reduce -15.5% | 0.16% | −0.07 |
| KBWD Invesco KBW High Dividend Yi | Reduce -15.0% | 0.13% | −0.07 |
| GOVT iShares US Treasury Bond ETF | Reduce -16.6% | 0.13% | −0.07 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | Sold out | 0.00% | −0.07 |
| JHMM John Hancock Multi Fact Mid | Reduce -10.5% | 0.23% | −0.07 |
| XLK SS Technology Select Sector | Reduce -14.8% | 0.18% | −0.07 |
| OUT Outfront Media Inc. | Reduce -33.5% | 0.12% | −0.07 |
| MAIN Main Street Capital Corp. | Sold out | 0.00% | −0.07 |
| TOTL SS Doubleline TR Tact ETF | Reduce -32.0% | 0.08% | −0.07 |
| DAR Darling Ingredients Inc. | Sold out | 0.00% | −0.07 |
| FTAI Ftai Aviation Ltd. | Reduce -56.9% | 0.07% | −0.07 |
| OCSL Oaktree Specialty Lending Co. | Sold out | 0.00% | −0.06 |
| VCR Vanguard Consumer Discre ETF | Sold out | 0.00% | −0.06 |
| MCD McDonald's Corp. | Reduce -50.6% | 0.04% | −0.06 |
| VFH Vanguard Financials ETF | Sold out | 0.00% | −0.06 |
| IWM iShares Russell 2000 ETF | Reduce -41.1% | 0.06% | −0.06 |
| CAT Caterpillar Inc. | Sold out | 0.00% | −0.06 |
| VOX Vanguard Communication Servi | Sold out | 0.00% | −0.06 |
Portfolio Buys Q4 2023 → Q1 2024
| IWD iShares Russell 1000 Value E | Add +102.4% | 3.25% | +1.37 |
| QUAL iShares MSCI USA Quality Fac | Add +64.8% | 3.17% | +0.99 |
| IVV iShares Core S&P 500 ETF | Add +46.7% | 3.93% | +0.84 |
| QQQM Invesco Nasdaq 100 ETF | Add +74.1% | 2.55% | +0.84 |
| SPYG SS SPDR P S&P 500 Growth ETF | Add +72.6% | 2.34% | +0.81 |
| DXJ Wisdomtree Japan Hedged Eq | Add +151.5% | 1.12% | +0.66 |
| IEFA iShares Core MSCI Eafe ETF | Add +366.2% | 0.86% | +0.64 |
| JEPI JPMorgan Equity Premium Inco | Add +360.4% | 0.76% | +0.56 |
| XLC SS Comm Select Sector SPDR | Add +129.3% | 1.07% | +0.54 |
| RSP Invesco S&P 500 Equal Weight | Add +60.2% | 2.06% | +0.54 |
| INDA iShares MSCI India ETF | Add +136.6% | 0.99% | +0.49 |
| SPHY SS SPDR P High Yield ETF | Add +209.5% | 0.75% | +0.44 |
| NVDA Nvidia Corp. | Add +38.9% | 0.75% | +0.37 |
| SPLV Invesco S&P 500 Low Volatili | Add +61.5% | 1.41% | +0.36 |
| WMT Walmart Inc. | Add +47.1% | 1.32% | +0.33 |
| IWR iShares Russell Mid-Cap ETF | Add +76.0% | 0.93% | +0.31 |
| TLT iShares 20+ Year Treasury BD | Add +425.1% | 0.34% | +0.26 |
| MUB iShares National Muni Bond E | New | 0.17% | +0.17 |
| USIG iShares Broad Usd Investment | Add +49.1% | 1.11% | +0.16 |
| SHYG iShares 0-5 YR HY Corp. Bond | Add +45.9% | 0.96% | +0.13 |
| SLQD iShares 0-5 YR Inv GRD Corp. | New | 0.13% | +0.13 |
| DRSK Aptus Defined Risk ETF | Add +28.2% | 1.77% | +0.12 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Add +27.4% | 1.04% | +0.10 |
| LNC Lincoln National Corp. | Add +41.5% | 0.41% | +0.10 |
| MO Altria Group Inc. | Add +64.1% | 0.34% | +0.10 |
| ETRN Equitrans Midstream Corp. | Add +77.8% | 0.23% | +0.10 |
| KNTK Kinetik Holdings Inc. | New | 0.09% | +0.09 |
| XOM Exxon Mobil Corp. | Add +74.0% | 0.25% | +0.09 |
| GBIL Goldman Sachs Access Treasur | Add +54.4% | 0.49% | +0.09 |
| GBDC Golub Capital BDC Inc. | Add +64.8% | 0.30% | +0.09 |
| TGT Target Corp. | Add +181.3% | 0.14% | +0.09 |
| NFLX Netflix Inc. | Add +115.3% | 0.17% | +0.09 |
| DPZ Domino's Pizza Inc. | New | 0.09% | +0.09 |
| XIFR XPLR Infrastructure LP | New | 0.08% | +0.08 |
| CINF Cincinnati Financial Corp. | New | 0.08% | +0.08 |
| BRK.A Berkshire Hathaway Inc. Class A | New | 0.08% | +0.08 |
| SYK Stryker Corp. | New | 0.07% | +0.07 |
| SPYV SS SPDR P S&P 500 Value ETF | Add +54.8% | 0.28% | +0.07 |
| EFA iShares MSCI Eafe ETF | New | 0.06% | +0.06 |
| XLB SS Materials Select Sector | New | 0.06% | +0.06 |
| SBRA Sabra Health Care REIT Inc. | Add +41.4% | 0.43% | +0.06 |
| BXSL Blackstone Secured Lending F | Add +34.6% | 0.34% | +0.06 |
| TNL Travel + Leisure Co. | Add +18.1% | 0.39% | +0.06 |
| PM Philip Morris International | Add +54.6% | 0.35% | +0.06 |
| HD Home Depot Inc. | Add +37.9% | 0.32% | +0.05 |
| IAU iShares Gold Trust | New | 0.05% | +0.05 |
| KHC The Kraft Heinz Co. | New | 0.05% | +0.05 |
| IMTM iShares MSCI Intl Momentum F | Add +93.2% | 0.12% | +0.05 |
| WFC Wells Fargo & Co. | Add +20.7% | 0.45% | +0.05 |
| HTGC Hercules Capital Inc. | Add +33.4% | 0.34% | +0.05 |
Notes & Other Activity Q4 2023 → Q1 2024
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | Reduce -5.1% | 464 | $554K |
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 |