Watershed Asset Management, L.L.C.
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), Watershed Asset Management, L.L.C. reported 118 stock positions worth $107.1 million. Its top holding was Dirx Nasdaq-100EQ Wi ETF-Usd (QQQE) at 11.1% of the portfolio, followed by Vanguard Ftse All-World Ex-U (VEU, 5.2%) and Visa Class A (V, 5.1%).
- Most Recent 13F
- Q2 2026
- Location
- San Francisco, CA
- CIK
- 0001315926
- Portfolio Value
- $107.1M (Q4 2025)
- SEC Filing
- 0000935836-26-000095 ↗ filed Feb 17, 2026
Holdings Value
Holdings 118 stocks · $107.1M
| QQQE Dirx Nasdaq-100EQ Wi ETF-Usd | 11.15% | 116,700 | $11.9M | — |
| VEU Vanguard Ftse All-World Ex-U | 5.20% | 75,739 | $5.6M | — |
| V Visa Inc. Class A | 5.08% | 15,500 | $5.4M | — |
| MSFT Microsoft Corp. | 4.20% | 9,300 | $4.5M | — |
| EWW iShares MSCI Mexico ETF | 3.46% | 53,500 | $3.7M | — |
| BROS Dutch Bros Inc. Class A | 3.27% | 57,200 | $3.5M | — |
| SPGI S&P Global Inc. | 3.03% | 6,200 | $3.2M | — |
| TMO Thermo Fisher Scientific Inc. | 2.92% | 5,400 | $3.1M | — |
| MNDY Monday.com Ltd. | 2.86% | 20,750 | $3.1M | — |
| MELI MercadoLibre Inc. | 2.85% | 1,515 | $3.1M | — |
| WDC Western Digital Corp. | 2.80% | 17,400 | $3.0M | — |
| INDA iShares MSCI India ETF | 2.52% | 50,000 | $2.7M | — |
| SE Sea Ltd.-ADR | 2.32% | 19,480 | $2.5M | — |
| META Meta Platforms Inc. Class A | 2.12% | 3,447 | $2.3M | — |
| GTLB Gitlab Inc. Class A | 1.89% | 54,000 | $2.0M | — |
| RYN Rayonier Inc. | 1.70% | 84,135 | $1.8M | — |
| LITE Lumentum Holdings Inc. | 1.38% | 4,000 | $1.5M | — |
| WRBY Warby Parker Inc. Class A | 0.90% | 44,000 | $959K | — |
| PHIN Phinia Inc. | 0.49% | 8,303 | $521K | — |
| PRDO Perdoceo Education Corp. | 0.47% | 17,163 | $503K | — |
| CAKE The Cheesecake Factory Inc. | 0.47% | 9,944 | $502K | — |
| LOCO El Pollo Loco Holdings Inc. | 0.46% | 47,097 | $493K | — |
| ZUMZ Zumiez Inc. | 0.46% | 18,717 | $488K | — |
| ACEL Accel Entertainment Inc. | 0.45% | 42,535 | $485K | — |
| SIG Signet Jewelers Ltd. | 0.45% | 5,839 | $484K | — |
| EEFT Euronet Worldwide Inc. | 0.44% | 6,250 | $476K | — |
| AKAM Akamai Technologies Inc. | 0.44% | 5,428 | $474K | — |
| MU Micron Technology Inc. | 0.44% | 1,659 | $473K | — |
| QCOM Qualcomm Inc. | 0.44% | 2,740 | $469K | — |
| BDC Belden Inc. | 0.44% | 4,021 | $469K | — |
| VNT Vontier Corp. | 0.43% | 12,529 | $466K | — |
| VMD Viemed Healthcare Inc. | 0.43% | 62,653 | $466K | — |
| TNL Travel + Leisure Co. | 0.43% | 6,585 | $464K | — |
| PRGS Progress Software Corp. | 0.43% | 10,801 | $464K | — |
| GEN Gen Digital Inc. | 0.43% | 17,062 | $464K | — |
| MKSI MKS Inc. | 0.43% | 2,902 | $464K | — |
| R Ryder System Inc. | 0.43% | 2,421 | $463K | — |
| EVER Everquote Inc. Class A | 0.43% | 17,129 | $462K | — |
| PLUS Eplus Inc. | 0.43% | 5,271 | $462K | — |
| INVA Innoviva Inc. | 0.43% | 23,123 | $462K | — |
| CPRX Catalyst Pharmaceuticals Inc. | 0.43% | 19,712 | $460K | — |
| TASK Taskus Inc. Class A | 0.43% | 38,833 | $458K | — |
| CI The Cigna Group | 0.43% | 1,659 | $457K | — |
| SEB Seaboard Corp. | 0.42% | 102 | $453K | — |
| ZD Ziff Davis Inc. | 0.42% | 12,883 | $453K | — |
| HNI Hni Corp. | 0.42% | 10,736 | $451K | — |
| CRUS Cirrus Logic Inc. | 0.42% | 3,802 | $451K | — |
| AMKR Amkor Technology Inc. | 0.42% | 11,402 | $450K | — |
| KR Kroger Co. | 0.42% | 7,202 | $450K | — |
| ARW Arrow Electronics Inc. | 0.42% | 4,083 | $450K | — |
| FOXA Fox Corp. Class A | 0.42% | 6,148 | $449K | — |
| DELL Dell Technologies -C | 0.42% | 3,564 | $449K | — |
| ZM Zoom Communications Inc. | 0.42% | 5,192 | $448K | — |
| THC Tenet Healthcare Corp. | 0.42% | 2,247 | $447K | — |
| FIS Fidelity National Info Serv | 0.42% | 6,713 | $446K | — |
| CXT Crane NXT Co. | 0.42% | 9,471 | $446K | — |
| COLL Collegium Pharmaceutical Inc. | 0.42% | 9,623 | $446K | — |
| YELP Yelp Inc. | 0.42% | 14,630 | $445K | — |
| CON Concentra Group Holdings Par | 0.42% | 22,585 | $444K | — |
| VZ Verizon Communications Inc. | 0.41% | 10,902 | $444K | — |
| DBD Diebold Nixdorf Inc. | 0.41% | 6,535 | $444K | — |
| AVT Avnet Inc. | 0.41% | 9,226 | $444K | — |
| MRK Merck & Co. Inc. | 0.41% | 4,214 | $444K | — |
| TILE Interface Inc. | 0.41% | 15,879 | $443K | — |
| SNX TD Synnex Corp. | 0.41% | 2,945 | $442K | — |
| VRSN Verisign Inc. | 0.41% | 1,819 | $442K | — |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.41% | 3,880 | $441K | — |
| OMC Omnicom Group | 0.41% | 5,460 | $441K | — |
| DG Dollar General Corp. | 0.41% | 3,308 | $439K | — |
| CTSH Cognizant Tech Solutions-A | 0.41% | 5,290 | $439K | — |
| NTAP Netapp Inc. | 0.41% | 4,099 | $439K | — |
| PENG Penguin Solutions Inc. | 0.41% | 22,415 | $438K | — |
| SKYW Skywest Inc. | 0.41% | 4,365 | $438K | — |
| CPAY Corpay Inc. | 0.41% | 1,455 | $438K | — |
| C Citigroup Inc. | 0.41% | 3,744 | $437K | — |
| KRNY Kearny Financial Corp. | 0.41% | 58,916 | $437K | — |
| SNCY Sun Country Airlines Holding filed as SUN CTRY AIRLS HLDGS INC | 0.41% | 30,237 | $435K | — |
| JBL Jabil Inc. | 0.41% | 1,908 | $435K | — |
| UHS Universal Health Services-B | 0.41% | 1,992 | $434K | — |
| JBSS John B. Sanfilippo & Son Inc. filed as SANFILIPPO JOHN B & SON INC | 0.40% | 6,140 | $433K | — |
| CDW CDW Corp. | 0.40% | 3,182 | $433K | — |
| MTCH Match Group Inc. | 0.40% | 13,321 | $430K | — |
| HPQ HP Inc. | 0.40% | 19,250 | $429K | — |
| ACMR Acm Research Inc. Class A | 0.40% | 10,845 | $428K | — |
| IIIN Insteel Industries Inc. | 0.40% | 13,501 | $428K | — |
| ZBRA Zebra Technologies Corp. Class A | 0.40% | 1,759 | $427K | — |
| AMAT Applied Materials Inc. | 0.40% | 1,662 | $427K | — |
| BANC Banc of California Inc. | 0.40% | 22,096 | $426K | — |
| PYPL PayPal Holdings Inc. | 0.40% | 7,300 | $426K | — |
| FNB FNB Corp. | 0.40% | 24,888 | $426K | — |
| FMBH First Mid Bancshares Inc. | 0.40% | 10,907 | $425K | — |
| WSBC Wesbanco Inc. | 0.40% | 12,739 | $423K | — |
| BUSE First Busey Corp. | 0.39% | 17,770 | $423K | — |
| HRMY Harmony Biosciences Holdings | 0.39% | 11,285 | $422K | — |
| DIOD Diodes Inc. | 0.39% | 8,551 | $422K | — |
| PLXS Plexus Corp. | 0.39% | 2,841 | $418K | — |
| PB Prosperity Bancshares Inc. | 0.39% | 5,966 | $412K | — |
| KFY Korn Ferry | 0.38% | 6,229 | $411K | — |
| T AT&T Inc. | 0.38% | 16,472 | $409K | — |
| BYD Boyd Gaming Corp. | 0.38% | 4,766 | $406K | — |
| FLEX Flex Ltd. | 0.38% | 6,709 | $405K | — |
| CFFN Capitol Federal Financial Inc. | 0.38% | 59,415 | $405K | — |
| VLY Valley National Bancorp | 0.38% | 34,619 | $404K | — |
| RNST Renasant Corp. | 0.38% | 11,430 | $403K | — |
| HOPE Hope Bancorp Inc. | 0.38% | 36,654 | $402K | — |
| BBT Beacon Financial Corp. | 0.38% | 15,229 | $402K | — |
| ADT Adt Inc. | 0.37% | 49,250 | $397K | — |
| CNOB Connectone Bancorp Inc. | 0.37% | 15,114 | $396K | — |
| TMUS T-Mobile US Inc. | 0.37% | 1,937 | $393K | — |
| CALM Cal-Maine Foods Inc. | 0.37% | 4,914 | $391K | — |
| IDCC Interdigital Inc. | 0.36% | 1,219 | $388K | — |
| FFIC Flushing Financial Corp. | 0.36% | 25,570 | $388K | — |
| TPR Tapestry Inc. | 0.36% | 3,000 | $383K | — |
| OGE Oge Energy Corp. | 0.32% | 8,135 | $347K | — |
| POR Portland General Electric Co. | 0.32% | 7,176 | $344K | — |
| NFG National Fuel Gas Co. | 0.32% | 4,228 | $338K | — |
| CNXC Concentrix Corp. | 0.29% | 7,432 | $309K | — |
| LFVN Lifevantage Corp. | 0.00% | 600 | $4K | — |
Portfolio Sells Q4 2025
No earlier filing to compare with.
Portfolio Buys Q4 2025
No earlier filing to compare with.