Waterloo Capital, L.P.
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 13, 2025), Waterloo Capital, L.P. reported 361 stock positions worth $947.9 million. Its top holding was iShares Core S&P 500 ETF (IVV) at 3.5% of the portfolio, followed by Walmart (WMT, 2.9%) and SS SPDR P S&P 500 Growth ETF (SPYG, 2.8%). Compared with Q3 2024, it opened 40 new positions, sold out of 31, added to 157 and reduced 149. The biggest buy was a new position in Invesco S&P 500 Top 50 ETF (XLG) and the biggest sale iShares MSCI India ETF (INDA, shares −73%).
- Most Recent 13F
- Q2 2026
- Location
- AUSTIN, TX
- CIK
- 0001730942
- Portfolio Value
- $947.9M (Q4 2024)
- SEC Filing
- 0001104659-25-012588 ↗ filed Feb 13, 2025
Holdings Value
Holdings 361 stocks · $947.9M
| IVV iShares Core S&P 500 ETF | 3.47% | 55,914 | $32.9M | Add +0.1% |
| WMT Walmart Inc. | 2.91% | 304,843 | $27.5M | Add +18.3% |
| SPYG SS SPDR P S&P 500 Growth ETF | 2.75% | 296,905 | $26.1M | Add +8.8% |
| RSP Invesco S&P 500 Equal Weight | 2.73% | 147,766 | $25.9M | Add +5.7% |
| ACIO Aptus Collared Invest Opp | 2.60% | 611,906 | $24.6M | Add +3.0% |
| IWD iShares Russell 1000 Value E | 2.50% | 128,120 | $23.7M | Add +2.8% |
| QQQM Invesco Nasdaq 100 ETF | 2.43% | 109,260 | $23.0M | Add +6.9% |
| AAPL Apple Inc. | 2.05% | 77,754 | $19.5M | Add +3.5% |
| AGG iShares Core U.S. Aggregate | 1.63% | 159,407 | $15.4M | Reduce -18.5% |
| DRSK Aptus Defined Risk ETF | 1.63% | 562,802 | $15.4M | Add +5.2% |
| IDUB Aptus Intl Enhan YLD ETF | 1.62% | 766,592 | $15.4M | Add +7.4% |
| QUAL iShares MSCI USA Quality Fac | 1.54% | 81,740 | $14.6M | Reduce -19.6% |
| VOO Vanguard S&P 500 ETF | 1.45% | 25,473 | $13.7M | Add +6.0% |
| MSFT Microsoft Corp. | 1.41% | 31,721 | $13.4M | Add +4.8% |
| OSCV Opus Small Cap Value ETF | 1.39% | 356,883 | $13.2M | Add +3.3% |
| SPYD SS SPDR P S&P 500 Hi Div ETF | 1.37% | 301,229 | $13.0M | Add +9.4% |
| VEA Vanguard Ftse Developed ETF | 1.28% | 254,234 | $12.2M | Add +3.2% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 1.28% | 175,341 | $12.1M | Add +9.2% |
| NVDA Nvidia Corp. | 1.24% | 87,571 | $11.8M | Add +11.4% |
| IEFA iShares Core MSCI Eafe ETF | 1.23% | 165,973 | $11.7M | Add +7.0% |
| GBIL Goldman Sachs Access Treasur | 1.20% | 113,953 | $11.4M | Add +64.4% |
| AVGO Broadcom Inc. | 1.14% | 46,470 | $10.8M | Reduce -5.0% |
| ADME Aptus Drwdwn MGD Eqty ETF | 1.12% | 226,422 | $10.6M | Add +2.4% |
| DUBS Aptus LRG Cap Enh YLD ETF | 1.10% | 323,456 | $10.4M | Add +1.1% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.07% | 17,286 | $10.1M | Add +12.6% |
| SLQD iShares 0-5 YR Inv GRD Corp. | 1.05% | 200,634 | $10.0M | Add +15.3% |
| SPHY SS SPDR P High Yield ETF | 1.01% | 409,043 | $9.6M | Add +3.6% |
| SHYG iShares 0-5 YR HY Corp. Bond | 0.97% | 215,053 | $9.2M | Add +13.3% |
| BSV Vanguard Short-Term Bond ETF | 0.96% | 117,369 | $9.1M | Reduce -35.4% |
| AMZN Amazon.com Inc. | 0.95% | 40,873 | $9.0M | Add +10.6% |
| IEMG iShares Core MSCI Emerging | 0.88% | 159,080 | $8.3M | Add +27.7% |
| IWR iShares Russell Mid-Cap ETF | 0.87% | 93,108 | $8.2M | Add +25.9% |
| XLC SS Comm Select Sector SPDR | 0.84% | 82,717 | $8.0M | Add +4.7% |
| SPTI SS SPDR P Int Term TSY ETF | 0.83% | 283,482 | $7.9M | Reduce -40.6% |
| SPLV Invesco S&P 500 Low Volatili | 0.82% | 111,397 | $7.8M | Add +6.0% |
| USIG iShares Broad Usd Investment | 0.80% | 149,980 | $7.5M | Add +4.6% |
| XLG Invesco S&P 500 Top 50 ETF | 0.79% | 150,453 | $7.5M | New |
| SJNK SS SPDR BB St Hi Yield ETF | 0.77% | 288,376 | $7.3M | Add +8.9% |
| MUB iShares National Muni Bond E | 0.76% | 67,269 | $7.2M | Add +61.5% |
| XLF SS Financial Select Sector | 0.74% | 144,299 | $7.0M | Add +11.7% |
| VWO Vanguard Ftse Emerging Marke | 0.67% | 143,905 | $6.3M | Add +2.2% |
| BX Blackstone Inc. | 0.60% | 32,714 | $5.6M | Reduce -5.0% |
| FLOT iShares Floating Rate Bond E | 0.58% | 107,930 | $5.5M | Reduce -11.1% |
| JEPI JPMorgan Equity Premium Inco | 0.58% | 94,894 | $5.5M | Reduce -8.4% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 0.54% | 56,433 | $5.2M | Add +211.6% |
| BINC iShares Flex I A ETF-Usd Inc. | 0.53% | 95,923 | $5.0M | New |
| QQQ Invesco QQQ Trust Series 1 | 0.52% | 9,583 | $4.9M | Add +1.8% |
| META Meta Platforms Inc. Class A | 0.51% | 8,259 | $4.8M | Add +8.2% |
| JCPB JPMorgan Core Plus Bond ETF | 0.51% | 104,262 | $4.8M | New |
| GOOG Alphabet Inc. Class C | 0.48% | 24,001 | $4.6M | Add +14.7% |
| JUCY Aptus Enhanced Yield ETF | 0.48% | 200,591 | $4.6M | Reduce -11.3% |
| TSLA Tesla Inc. | 0.47% | 10,984 | $4.4M | Add +7.8% |
| PM Philip Morris International | 0.46% | 36,533 | $4.4M | Add +20.4% |
| EWJ iShares MSCI Japan ETF | 0.45% | 63,596 | $4.3M | Reduce -6.4% |
| SCHX Schwab US Large-Cap ETF | 0.43% | 175,964 | $4.1M | Add +0.1% |
| MO Altria Group Inc. | 0.43% | 77,677 | $4.1M | Add +3.9% |
| FSK FS KKR Capital Corp. | 0.42% | 184,628 | $4.0M | Add +48.9% |
| CGDV Cap Group Dividend Value filed as CAPITAL GROUP DIVIDEND VALUE | 0.42% | 113,432 | $4.0M | Add +2.4% |
| V Visa Inc. Class A | 0.42% | 12,642 | $4.0M | Add +24.9% |
| FTCS First Trust Capital Strength | 0.42% | 45,467 | $4.0M | Reduce -3.7% |
| WFC Wells Fargo & Co. | 0.42% | 56,028 | $3.9M | Reduce -8.8% |
| JPM JPMorgan Chase & Co. | 0.41% | 16,193 | $3.9M | Reduce -4.3% |
| SBRA Sabra Health Care REIT Inc. | 0.40% | 220,717 | $3.8M | Add +0.2% |
| SPG Simon Property Group Inc. | 0.40% | 21,989 | $3.8M | Add +0.5% |
| VTI VG Morningstar TS MKT ETF-US | 0.40% | 13,064 | $3.8M | Reduce -2.6% |
| OKE Oneok Inc. | 0.40% | 37,556 | $3.8M | Reduce -2.1% |
| UNH Unitedhealth Group Inc. | 0.40% | 7,443 | $3.8M | Reduce -1.8% |
| OHI Omega Healthcare Investors | 0.39% | 98,438 | $3.7M | Add +1.2% |
| GOOGL Alphabet Inc. Class A | 0.39% | 19,627 | $3.7M | Add +5.6% |
| PEP Pepsico Inc. | 0.39% | 24,303 | $3.7M | Reduce -0.3% |
| RITM Rithm Capital Corp. | 0.39% | 341,218 | $3.7M | Add +5.8% |
| BXSL Blackstone Secured Lending F | 0.38% | 112,356 | $3.6M | Add +9.8% |
| JEPQ JPM Nasdaq Equity Premium filed as J P MORGAN EXCHANGE TRADED F | 0.38% | 63,236 | $3.6M | Reduce -0.7% |
| TMUS T-Mobile US Inc. | 0.37% | 15,903 | $3.5M | Reduce -3.3% |
| NFLX Netflix Inc. | 0.36% | 3,866 | $3.4M | Add +21.9% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.34% | 7,211 | $3.3M | Add +17.4% |
| LNC Lincoln National Corp. | 0.34% | 102,679 | $3.3M | Add +5.4% |
| KMI Kinder Morgan Inc. | 0.34% | 117,348 | $3.2M | Reduce -8.4% |
| FITB Fifth Third Bancorp | 0.34% | 75,646 | $3.2M | Reduce -0.4% |
| DLR Digital Realty Trust Inc. | 0.34% | 17,997 | $3.2M | Add +7.0% |
| URI United Rentals Inc. | 0.33% | 4,439 | $3.1M | Reduce -0.7% |
| STX Seagate Technology Holdings | 0.32% | 35,409 | $3.1M | Add +3.1% |
| ARCC Ares Capital Corp. | 0.32% | 138,599 | $3.0M | Add +7.1% |
| CWEN.A Clearway Energy Inc. Class A | 0.32% | 122,221 | $3.0M | Add +11.4% |
| HTGC Hercules Capital Inc. | 0.30% | 143,000 | $2.9M | Add +6.5% |
| STWD Starwood Property Trust Inc. | 0.30% | 148,865 | $2.8M | Add +7.8% |
| SO The Southern Co. | 0.29% | 33,435 | $2.8M | Reduce -1.3% |
| ABBV Abbvie Inc. | 0.29% | 15,375 | $2.7M | Add +2.0% |
| TNL Travel + Leisure Co. | 0.29% | 54,145 | $2.7M | Reduce -0.5% |
| VNO Vornado Realty Trust | 0.28% | 63,811 | $2.7M | Add +2.8% |
| MMM 3M Co. | 0.28% | 20,732 | $2.7M | Add +10.3% |
| DGX Quest Diagnostics Inc. | 0.28% | 17,348 | $2.6M | Add +9.7% |
| ISRG Intuitive Surgical Inc. | 0.27% | 4,865 | $2.5M | Add +11.6% |
| PG The Procter & Gamble Co. | 0.27% | 15,016 | $2.5M | Reduce -2.3% |
| NOW ServiceNow Inc. | 0.26% | 2,354 | $2.5M | Add +2.6% |
| KO The Coca-Cola Co. | 0.26% | 39,415 | $2.5M | Add +11.7% |
| IEF iShares 7-10 Year Treasury B | 0.25% | 25,817 | $2.4M | Add +312.4% |
| JNJ Johnson & Johnson | 0.25% | 16,098 | $2.3M | Add +11.7% |
| HD Home Depot Inc. | 0.24% | 5,839 | $2.3M | Reduce -7.3% |
| ATO Atmos Energy Corp. | 0.24% | 16,259 | $2.3M | Add +14.6% |
Other holdings (2): bonds, preferreds, convertibles and warrants · $1.0M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | 447 | $545K | No change |
| LUNRW Intuitive Machines Inc.-CW | *W EXP 99/99/999 | 59,606 | $471K | Reduce -11.4% |
Total filed on the 13F, all lines: $948.9M.
Portfolio Sells Q3 2024 → Q4 2024
| INDA iShares MSCI India ETF | Reduce -73.4% | 0.22% | −0.72 |
| SPTI SS SPDR P Int Term TSY ETF | Reduce -40.6% | 0.83% | −0.68 |
| BSV Vanguard Short-Term Bond ETF | Reduce -35.4% | 0.96% | −0.60 |
| XHB SS SPDR S&P Homebldrs ETF | Sold out | 0.00% | −0.58 |
| AGG iShares Core U.S. Aggregate | Reduce -18.5% | 1.63% | −0.53 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Reduce -95.4% | 0.02% | −0.53 |
| QUAL iShares MSCI USA Quality Fac | Reduce -19.6% | 1.54% | −0.46 |
| AY Atlantica Sustainable Infras | Sold out | 0.00% | −0.26 |
| DOW Dow Inc. | Reduce -75.9% | 0.05% | −0.25 |
| AMT American Tower Corp. | Reduce -45.3% | 0.15% | −0.21 |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | Reduce -73.1% | 0.04% | −0.12 |
| JEPI JPMorgan Equity Premium Inco | Reduce -8.4% | 0.58% | −0.10 |
| FLOT iShares Floating Rate Bond E | Reduce -11.1% | 0.58% | −0.10 |
| A Agilent Technologies Inc. | Reduce -76.8% | 0.02% | −0.09 |
| JUCY Aptus Enhanced Yield ETF | Reduce -11.3% | 0.48% | −0.09 |
| UNH Unitedhealth Group Inc. | Reduce -1.8% | 0.40% | −0.09 |
| EWJ iShares MSCI Japan ETF | Reduce -6.4% | 0.45% | −0.08 |
| DHR Danaher Corp. | Reduce -32.4% | 0.09% | −0.08 |
| GOVT iShares US Treasury Bond ETF | Reduce -32.3% | 0.13% | −0.07 |
| URI United Rentals Inc. | Reduce -0.7% | 0.33% | −0.07 |
| PEP Pepsico Inc. | Reduce -0.3% | 0.39% | −0.06 |
| IJH iShares Core S&P Midcap ETF | Reduce -43.0% | 0.07% | −0.06 |
| KDP Keurig Dr Pepper Inc. | Reduce -58.9% | 0.03% | −0.06 |
| KMB Kimberly-Clark Corp. | Sold out | 0.00% | −0.06 |
| LLY Eli Lilly & Co. | Reduce -8.6% | 0.19% | −0.06 |
| SPYV SS SPDR P S&P 500 Value ETF | Reduce -15.2% | 0.21% | −0.05 |
| MAA Mid-America Apartment Comm | Sold out | 0.00% | −0.05 |
| QUS SS SPDR MSCI U Stratfact ETF | Reduce -34.1% | 0.09% | −0.05 |
| FDV Fed Hermes US Strat Div ETF | Sold out | 0.00% | −0.05 |
| TMO Thermo Fisher Scientific Inc. | Reduce -16.8% | 0.10% | −0.05 |
| FTCS First Trust Capital Strength | Reduce -3.7% | 0.42% | −0.05 |
| GD General Dynamics Corp. | Reduce -45.9% | 0.04% | −0.05 |
| AOA iShares Core 80/20 Aggressiv | Reduce -29.6% | 0.09% | −0.04 |
| SO The Southern Co. | Reduce -1.3% | 0.29% | −0.04 |
| HCA HCA Healthcare Inc. | Sold out | 0.00% | −0.04 |
| DOC Healthpeak Properties Inc. | Reduce -3.4% | 0.20% | −0.04 |
| VZ Verizon Communications Inc. | Reduce -9.1% | 0.15% | −0.04 |
| TOTL SS Doubleline TR Tact ETF | Reduce -47.2% | 0.04% | −0.04 |
| AOK iShares Core 30/70 Conservat | Reduce -45.2% | 0.04% | −0.04 |
| IBM Intl Business Machines Corp. | Reduce -26.3% | 0.10% | −0.04 |
| FPE FT-Preferred Secur & Inc. ETF | Reduce -57.4% | 0.03% | −0.04 |
| HD Home Depot Inc. | Reduce -7.3% | 0.24% | −0.04 |
| LMT Lockheed Martin Corp. | Reduce -15.1% | 0.08% | −0.04 |
| UBER Uber Technologies Inc. | Sold out | 0.00% | −0.04 |
| CL Colgate-Palmolive Co. | Sold out | 0.00% | −0.04 |
| ELV Elevance Health Inc. | Sold out | 0.00% | −0.04 |
| JHEM John Hancock Multi Em MRK Et | Reduce -23.1% | 0.07% | −0.03 |
| PGR Progressive Corp. | Reduce -4.0% | 0.24% | −0.03 |
| JPST JPMorgan Ultra-Short Income | Reduce -38.8% | 0.05% | −0.03 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Reduce -35.1% | 0.05% | −0.03 |
Portfolio Buys Q3 2024 → Q4 2024
| XLG Invesco S&P 500 Top 50 ETF | New | 0.79% | +0.79 |
| WMT Walmart Inc. | Add +18.3% | 2.91% | +0.63 |
| BINC iShares Flex I A ETF-Usd Inc. | New | 0.53% | +0.53 |
| JCPB JPMorgan Core Plus Bond ETF | New | 0.51% | +0.51 |
| GBIL Goldman Sachs Access Treasur | Add +64.4% | 1.20% | +0.44 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Add +211.6% | 0.54% | +0.36 |
| SPYG SS SPDR P S&P 500 Growth ETF | Add +8.8% | 2.75% | +0.28 |
| MUB iShares National Muni Bond E | Add +61.5% | 0.76% | +0.26 |
| NVDA Nvidia Corp. | Add +11.4% | 1.24% | +0.20 |
| HST Host Hotels & Resorts Inc. | New | 0.20% | +0.20 |
| AMZN Amazon.com Inc. | Add +10.6% | 0.95% | +0.19 |
| IEF iShares 7-10 Year Treasury B | Add +312.4% | 0.25% | +0.18 |
| QQQM Invesco Nasdaq 100 ETF | Add +6.9% | 2.43% | +0.18 |
| TSLA Tesla Inc. | Add +7.8% | 0.47% | +0.18 |
| BMY Bristol-Myers Squibb Co. | Add +672.2% | 0.18% | +0.16 |
| IWR iShares Russell Mid-Cap ETF | Add +25.9% | 0.87% | +0.16 |
| FSK FS KKR Capital Corp. | Add +48.9% | 0.42% | +0.16 |
| UGI Ugi Corp. | New | 0.15% | +0.15 |
| AAPL Apple Inc. | Add +3.5% | 2.05% | +0.14 |
| NFLX Netflix Inc. | Add +21.9% | 0.36% | +0.12 |
| V Visa Inc. Class A | Add +24.9% | 0.42% | +0.12 |
| SHY iShares 1-3 Year Treasury Bo | New | 0.12% | +0.12 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +12.6% | 1.07% | +0.11 |
| GOOG Alphabet Inc. Class C | Add +14.7% | 0.48% | +0.10 |
| XLF SS Financial Select Sector | Add +11.7% | 0.74% | +0.10 |
| IEMG iShares Core MSCI Emerging | Add +27.7% | 0.88% | +0.10 |
| SLQD iShares 0-5 YR Inv GRD Corp. | Add +15.3% | 1.05% | +0.09 |
| GLD SPDR Gold Shares | New | 0.09% | +0.09 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Add +9.2% | 1.28% | +0.09 |
| CRM Salesforce Inc. | Add +102.4% | 0.14% | +0.08 |
| VUG Vanguard Mrngstar GR ETF-Sui | Add +278.8% | 0.10% | +0.07 |
| WINN Harbor Long-Term Growers ETF | Add +59.8% | 0.18% | +0.07 |
| COR Cencora Inc. | New | 0.07% | +0.07 |
| SHYG iShares 0-5 YR HY Corp. Bond | Add +13.3% | 0.97% | +0.07 |
| XLC SS Comm Select Sector SPDR | Add +4.7% | 0.84% | +0.06 |
| VOO Vanguard S&P 500 ETF | Add +6.0% | 1.45% | +0.06 |
| ETN Eaton Corp. PLC | Add +97.1% | 0.13% | +0.06 |
| PM Philip Morris International | Add +20.4% | 0.46% | +0.06 |
| BXSL Blackstone Secured Lending F | Add +9.8% | 0.38% | +0.06 |
| GOOGL Alphabet Inc. Class A | Add +5.6% | 0.39% | +0.06 |
| PNOV Innovator U.S. Equity Power | New | 0.05% | +0.05 |
| BA The Boeing Co. | New | 0.05% | +0.05 |
| AGNC AGNC Investment Corp. | Add +63.5% | 0.17% | +0.05 |
| JBHT Hunt (jb) Transprt SVCS Inc. | Add +70.3% | 0.11% | +0.04 |
| PYPL PayPal Holdings Inc. | New | 0.04% | +0.04 |
| POCT Innovator U.S. Equity Power | New | 0.04% | +0.04 |
| GEV GE Vernova Inc. | New | 0.04% | +0.04 |
| DLR Digital Realty Trust Inc. | Add +7.0% | 0.34% | +0.04 |
| NOW ServiceNow Inc. | Add +2.6% | 0.26% | +0.04 |
| ITW Illinois Tool Works | New | 0.04% | +0.04 |
Notes & Other Activity Q3 2024 → Q4 2024
| LUNRW Intuitive Machines Inc.-CW | *W EXP 99/99/999 | Reduce -11.4% | 59,606 | $471K |
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 |