Deepwater Asset Management
Minneapolis, MNfiles as DEEPWATER ASSET MANAGEMENT, LLC
$220m in 35 US stocks at the end of 30 June 2026. The top 10 are 43.6% of the money. It changed about 25.0% of the portfolio this quarter.
Value
$220m
Stocks
35
Top 10 share
43.6%
Turnover
25.0%
What changed this quarter
New
Bought for the first time this quarter.
- RobloxRBLX5.8% of the fund
- BlackberryBB4.2% of the fund
- TwilioTWLO3.0% of the fund
- DoorDashDASH0.8% of the fund
Added
Bought more of a stock they already held.
- Axon EnterpriseAXON4.6% of the fund+98%
- AppLovinAPP4.1% of the fund+79%
- ShopifySHOP3.9% of the fund+99%
- Take TWO Interactive SoftwareTTWO3.6% of the fund+35%
- Nu HoldingsNU3.5% of the fund+11%
- RubrikRBRK3.4% of the fund+7%
- Mercury SystemsMRCY3.4% of the fund+8%
- Global-E OnlineGLBE3.3% of the fund+46%
- VistraVST3.3% of the fund+49%
- MercadoLibreMELI3.2% of the fund+47%
- CamecoCCJ3.0% of the fund+48%
- Intuitive SurgicalISRG2.9% of the fund+58%
- AeroVironmentAVAV2.8% of the fund+62%
- AtlassianTEAM2.4% of the fund+12%
Cut
Sold some of their stake.
- Credo Technology Group HoldingCRDO5.5% of the fund-40%
- DatadogDDOG4.3% of the fund-29%
- Lam ResearchLRCX4.1% of the fund-13%
- Vertiv HoldingsVRT3.4% of the fund-8%
- Marvell TechnologyMRVL3.2% of the fund-57%
- RedditRDDT3.1% of the fund-40%
- Sterling InfrastructureSTRL2.9% of the fund-63%
- RambusRMBS2.7% of the fund-23%
- ASML Holding NVASML1.0% of the fund-72%
- Taiwan Semiconductor ManufacturingTSM0.9% of the fund-7%
- Micron TechnologyMU0.9% of the fund-53%
- AlphabetGOOG0.8% of the fund-8%
- CloudflareNET0.7% of the fund-11%
- BroadcomAVGO0.6% of the fund-16%
Sold out
Sold their entire stake.
- Uber TechnologiesUBER-100%
- CoherentCOHR-100%
- Shift4 PaymentsFOUR-100%
- Amazon.comAMZN-100%
- NvidiaNVDA-100%
- Procore TechnologiesPCOR-100%
- ToastTOST-100%
- CoreWeaveCRWV-100%
Holdings
- CamecoCCJ
- Share
- 3.0%
- Value
- $7m
- Shares
- 64,357
+48%
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| RobloxRBLX | 5.8% | $13m | 232,870 | New |
| Credo Technology Group HoldingCRDO | 5.5% | $12m | 44,316 | -40% |
| Axon EnterpriseAXON | 4.6% | $10m | 17,933 | +98% |
| DatadogDDOG | 4.3% | $9m | 36,316 | -29% |
| BlackberryBB | 4.2% | $9m | 730,450 | New |
| Lam ResearchLRCX | 4.1% | $9m | 20,915 | -13% |
| AppLovinAPP | 4.1% | $9m | 17,474 | +79% |
| ShopifySHOP | 3.9% | $9m | 75,511 | +99% |
| Take TWO Interactive SoftwareTTWO | 3.6% | $8m | 31,925 | +35% |
| Nu HoldingsNU | 3.5% | $8m | 584,989 | +11% |
| RubrikRBRK | 3.4% | $8m | 94,601 | +7% |
| Vertiv HoldingsVRT | 3.4% | $8m | 22,576 | -8% |
| Mercury SystemsMRCY | 3.4% | $7m | 61,166 | +8% |
| Global-E OnlineGLBE | 3.3% | $7m | 211,067 | +46% |
| VistraVST | 3.3% | $7m | 46,192 | +49% |
| SnowflakeSNOW | 3.3% | $7m | 28,221 | Held |
| MercadoLibreMELI | 3.2% | $7m | 4,208 | +47% |
| Marvell TechnologyMRVL | 3.2% | $7m | 23,492 | -57% |
| RedditRDDT | 3.1% | $7m | 39,653 | -40% |
| TwilioTWLO | 3.0% | $7m | 31,926 | New |
| CamecoCCJ | 3.0% | $7m | 64,357 | +48% |
| Intuitive SurgicalISRG | 2.9% | $6m | 16,209 | +58% |
| Sterling InfrastructureSTRL | 2.9% | $6m | 7,607 | -63% |
| AeroVironmentAVAV | 2.8% | $6m | 36,742 | +62% |
| RambusRMBS | 2.7% | $6m | 44,634 | -23% |
| AtlassianTEAM | 2.4% | $5m | 69,319 | +12% |
| ASML Holding NVASML | 1.0% | $2m | 1,053 | -72% |
| Taiwan Semiconductor ManufacturingTSM | 0.9% | $2m | 4,025 | -7% |
| Micron TechnologyMU | 0.9% | $2m | 1,629 | -53% |
| AlphabetGOOG | 0.8% | $2m | 4,754 | -8% |
| DoorDashDASH | 0.8% | $2m | 9,025 | New |
| CloudflareNET | 0.7% | $2m | 6,625 | -11% |
| SynopsysSNPS | 0.7% | $2m | 3,551 | Held |
| AppleAAPL | 0.7% | $2m | 5,409 | Held |
| BroadcomAVGO | 0.6% | $1m | 3,668 | -16% |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is down 12.8% since 30 June 2025.
Where the money is
Technology60.3%
Industrials14.6%
Media & telecom11.6%
Financial services3.5%
Utilities3.3%
Materials3.0%
Health care2.9%
Retail & consumer0.8%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.