Shearwater Capital

DENVER, COfiles as Shearwater Capital LLC

$209m in 65 US stocks at the end of 30 June 2026. The top 10 are 77.1% of the money. It changed about 3.6% of the portfolio this quarter.

Value

$209m

Stocks

Top 10 share

77.1%

Turnover

3.6%

What changed this quarter

New

Bought for the first time this quarter.

Dimensional ETF TrustDFIS
0.2% of the fund
Schwab Strategic TRSCHE
<0.1% of the fund

Added

Bought more of a stock they already held.

Dimensional ETF TrustDFEM
1.8% of the fund
+13%
Dimensional ETF TrustDISV
0.8% of the fund
+36%
Dimensional ETF TrustDFSV
0.6% of the fund
+10%
Dimensional ETF TrustDFGP
0.5% of the fund
+11%
Dimensional ETF TrustDFGR
0.4% of the fund
+12%
C3.aiAI
0.3% of the fund
+5%
OracleORCL
0.2% of the fund
+11%
Dimensional ETF TrustDFCA
0.1% of the fund
+12%

Cut

Sold some of their stake.

Dimensional ETF TrustDFUV
3.2% of the fund
-7%
Dimensional ETF TrustDFUS
1.4% of the fund
-16%
Ishares TRIVV
1.3% of the fund
-3%
Dimensional ETF TrustDFNM
0.9% of the fund
-10%
Dimensional ETF TrustDFIP
0.8% of the fund
-7%
NvidiaNVDA
0.6% of the fund
-7%
AppleAAPL
0.3% of the fund
-11%
Dimensional ETF TrustDFSD
0.2% of the fund
-17%
BoeingBA
0.1% of the fund
-30%
Dimensional ETF TrustDFEV
0.1% of the fund
-24%

Sold out

Sold their entire stake.

BlackRockBLK
-100%
Lockheed MartinLMT
-100%
Vanguard Index FDSVO
-100%
VisaV
-100%
Vanguard World FDMGK
-100%
Vanguard Index FDSVUG
-100%
Diamondback EnergyFANG
-100%
MicrosoftMSFT
-100%

Holdings

Dimensional ETF TrustDFAC
Share
36.3%
Value
$76m
Shares
1,713,356
Held
Dimensional ETF TrustDFAX
Share
16.2%
Value
$34m
Shares
920,770
Held
Dimensional ETF TrustDFIV
Share
8.8%
Value
$19m
Shares
342,478
Held
Dimensional ETF TrustDFUV
Share
3.2%
Value
$7m
Shares
123,241
-7%
Dimensional ETF TrustDFAT
Share
2.7%
Value
$6m
Shares
82,111
Held
Berkshire HathawayBRK-B
Share
2.5%
Value
$5m
Shares
10,467
Held
DocusignDOCU
Share
2.4%
Value
$5m
Shares
113,428
Held
Dimensional ETF TrustDFEM
Share
1.8%
Value
$4m
Shares
94,261
+13%
Amazon.comAMZN
Share
1.6%
Value
$3m
Shares
14,379
Held
Dimensional ETF TrustDFAI
Share
1.5%
Value
$3m
Shares
74,469
Held
Dimensional ETF TrustDFUS
Share
1.4%
Value
$3m
Shares
34,543
-16%
Ishares TRIVV
Share
1.3%
Value
$3m
Shares
3,564
-3%
Schwab Strategic TRSCHX
Share
1.1%
Value
$2m
Shares
77,331
Held
Dimensional ETF TrustDFAS
Share
0.9%
Value
$2m
Shares
23,472
Held
Dimensional ETF TrustDFNM
Share
0.9%
Value
$2m
Shares
39,791
-10%
TeslaTSLA
Share
0.9%
Value
$2m
Shares
4,521
Held
Dimensional ETF TrustDISV
Share
0.8%
Value
$2m
Shares
41,969
+36%
Steel DynamicsSTLD
Share
0.8%
Value
$2m
Shares
7,291
Held
Dimensional ETF TrustDFIP
Share
0.8%
Value
$2m
Shares
39,646
-7%
Spdr Gold TRGLD
Share
0.8%
Value
$2m
Shares
4,278
Held
Dimensional ETF TrustDFCF
Share
0.7%
Value
$1m
Shares
33,988
Held
Schwab Strategic TRSCHA
Share
0.7%
Value
$1m
Shares
39,703
Held
Dimensional ETF TrustDFAE
Share
0.7%
Value
$1m
Shares
33,970
Held
Schwab Strategic TRSCHM
Share
0.6%
Value
$1m
Shares
36,275
Held
Dimensional ETF TrustDFSV
Share
0.6%
Value
$1m
Shares
33,503
+10%
NvidiaNVDA
Share
0.6%
Value
$1m
Shares
6,471
-7%
Schwab Strategic TRSCHD
Share
0.6%
Value
$1m
Shares
39,910
Held
AlphabetGOOG
Share
0.5%
Value
$1m
Shares
3,037
Held
Dimensional ETF TrustDFGP
Share
0.5%
Value
$1m
Shares
18,976
+11%
Schwab Strategic TRSCHZ
Share
0.5%
Value
$966,570
Shares
41,789
Held
Dimensional ETF TrustDFGR
Share
0.4%
Value
$806,662
Shares
27,845
+12%
Vanguard Index FDSVOO
Share
0.4%
Value
$789,138
Shares
1,149
Held
Berkshire Hathaway INC DELBRK-A
Share
0.4%
Value
$748,850
Shares
1
Held
AppleAAPL
Share
0.3%
Value
$713,272
Shares
2,465
-11%
Dimensional ETF TrustDUHP
Share
0.3%
Value
$691,633
Shares
16,574
Held
C3.aiAI
Share
0.3%
Value
$643,808
Shares
70,826
+5%
HumanaHUM
Share
0.3%
Value
$630,556
Shares
1,587
Held
Vanguard Index FDSVTI
Share
0.3%
Value
$574,414
Shares
1,552
Held
Affirm HoldingsAFRM
Share
0.3%
Value
$570,850
Shares
7,000
Held
Schwab Strategic TRSCHP
Share
0.3%
Value
$564,180
Shares
21,290
Held
Ishares TRIVW
Share
0.3%
Value
$526,740
Shares
3,830
Held
JPMorgan ChaseJPM
Share
0.2%
Value
$454,661
Shares
1,389
Held
DeereDE
Share
0.2%
Value
$438,750
Shares
692
Held
Moody'sMCO
Share
0.2%
Value
$436,704
Shares
964
Held
Dimensional ETF TrustDFIS
Share
0.2%
Value
$428,732
Shares
12,239
New
OracleORCL
Share
0.2%
Value
$422,786
Shares
2,885
+11%
AdobeADBE
Share
0.2%
Value
$413,320
Shares
2,016
Held
Marriott InternationalMAR
Share
0.2%
Value
$408,390
Shares
1,102
Held
Invesco QQQ TRQQQ
Share
0.2%
Value
$381,455
Shares
518
Held
Schwab Strategic TRSCHF
Share
0.2%
Value
$369,174
Shares
13,328
Held
SterisSTE
Share
0.2%
Value
$356,758
Shares
1,694
Held
CumminsCMI
Share
0.2%
Value
$356,605
Shares
500
Held
Select Sector Spdr TRXLI
Share
0.2%
Value
$351,196
Shares
1,896
Held
Schwab Strategic TRSCHV
Share
0.2%
Value
$347,821
Shares
9,992
Held
Dimensional ETF TrustDFSD
Share
0.2%
Value
$338,566
Shares
7,090
-17%
Dimensional ETF TrustDFAU
Share
0.2%
Value
$321,770
Shares
6,225
Held
BroadcomAVGO
Share
0.2%
Value
$321,088
Shares
850
Held
CloudflareNET
Share
0.1%
Value
$255,091
Shares
1,040
Held
BoeingBA
Share
0.1%
Value
$251,105
Shares
1,160
-30%
Dimensional ETF TrustDIHP
Share
0.1%
Value
$238,124
Shares
6,978
Held
ExxonMobil HoldingsXOM
Share
0.1%
Value
$236,662
Shares
1,731
Held
Dimensional ETF TrustDFCA
Share
0.1%
Value
$236,298
Shares
4,709
+12%
Dimensional ETF TrustDFEV
Share
0.1%
Value
$226,733
Shares
5,314
-24%
Ishares TREFV
Share
0.1%
Value
$221,842
Shares
2,898
Held
Schwab Strategic TRSCHE
Share
<0.1%
Value
$204,149
Shares
5,630
New

Company	Share of fund	Value	Shares	Change
Dimensional ETF TrustDFAC	36.3%	$76m	1,713,356	Held
Dimensional ETF TrustDFAX	16.2%	$34m	920,770	Held
Dimensional ETF TrustDFIV	8.8%	$19m	342,478	Held
Dimensional ETF TrustDFUV	3.2%	$7m	123,241	-7%
Dimensional ETF TrustDFAT	2.7%	$6m	82,111	Held
Berkshire HathawayBRK-B	2.5%	$5m	10,467	Held
DocusignDOCU	2.4%	$5m	113,428	Held
Dimensional ETF TrustDFEM	1.8%	$4m	94,261	+13%
Amazon.comAMZN	1.6%	$3m	14,379	Held
Dimensional ETF TrustDFAI	1.5%	$3m	74,469	Held
Dimensional ETF TrustDFUS	1.4%	$3m	34,543	-16%
Ishares TRIVV	1.3%	$3m	3,564	-3%
Schwab Strategic TRSCHX	1.1%	$2m	77,331	Held
Dimensional ETF TrustDFAS	0.9%	$2m	23,472	Held
Dimensional ETF TrustDFNM	0.9%	$2m	39,791	-10%
TeslaTSLA	0.9%	$2m	4,521	Held
Dimensional ETF TrustDISV	0.8%	$2m	41,969	+36%
Steel DynamicsSTLD	0.8%	$2m	7,291	Held
Dimensional ETF TrustDFIP	0.8%	$2m	39,646	-7%
Spdr Gold TRGLD	0.8%	$2m	4,278	Held
Dimensional ETF TrustDFCF	0.7%	$1m	33,988	Held
Schwab Strategic TRSCHA	0.7%	$1m	39,703	Held
Dimensional ETF TrustDFAE	0.7%	$1m	33,970	Held
Schwab Strategic TRSCHM	0.6%	$1m	36,275	Held
Dimensional ETF TrustDFSV	0.6%	$1m	33,503	+10%
NvidiaNVDA	0.6%	$1m	6,471	-7%
Schwab Strategic TRSCHD	0.6%	$1m	39,910	Held
AlphabetGOOG	0.5%	$1m	3,037	Held
Dimensional ETF TrustDFGP	0.5%	$1m	18,976	+11%
Schwab Strategic TRSCHZ	0.5%	$966,570	41,789	Held
Dimensional ETF TrustDFGR	0.4%	$806,662	27,845	+12%
Vanguard Index FDSVOO	0.4%	$789,138	1,149	Held
Berkshire Hathaway INC DELBRK-A	0.4%	$748,850	1	Held
AppleAAPL	0.3%	$713,272	2,465	-11%
Dimensional ETF TrustDUHP	0.3%	$691,633	16,574	Held
C3.aiAI	0.3%	$643,808	70,826	+5%
HumanaHUM	0.3%	$630,556	1,587	Held
Vanguard Index FDSVTI	0.3%	$574,414	1,552	Held
Affirm HoldingsAFRM	0.3%	$570,850	7,000	Held
Schwab Strategic TRSCHP	0.3%	$564,180	21,290	Held
Ishares TRIVW	0.3%	$526,740	3,830	Held
JPMorgan ChaseJPM	0.2%	$454,661	1,389	Held
DeereDE	0.2%	$438,750	692	Held
Moody'sMCO	0.2%	$436,704	964	Held
Dimensional ETF TrustDFIS	0.2%	$428,732	12,239	New
OracleORCL	0.2%	$422,786	2,885	+11%
AdobeADBE	0.2%	$413,320	2,016	Held
Marriott InternationalMAR	0.2%	$408,390	1,102	Held
Invesco QQQ TRQQQ	0.2%	$381,455	518	Held
Schwab Strategic TRSCHF	0.2%	$369,174	13,328	Held
SterisSTE	0.2%	$356,758	1,694	Held
CumminsCMI	0.2%	$356,605	500	Held
Select Sector Spdr TRXLI	0.2%	$351,196	1,896	Held
Schwab Strategic TRSCHV	0.2%	$347,821	9,992	Held
Dimensional ETF TrustDFSD	0.2%	$338,566	7,090	-17%
Dimensional ETF TrustDFAU	0.2%	$321,770	6,225	Held
BroadcomAVGO	0.2%	$321,088	850	Held
CloudflareNET	0.1%	$255,091	1,040	Held
BoeingBA	0.1%	$251,105	1,160	-30%
Dimensional ETF TrustDIHP	0.1%	$238,124	6,978	Held
ExxonMobil HoldingsXOM	0.1%	$236,662	1,731	Held
Dimensional ETF TrustDFCA	0.1%	$236,298	4,709	+12%
Dimensional ETF TrustDFEV	0.1%	$226,733	5,314	-24%
Ishares TREFV	0.1%	$221,842	2,898	Held
Schwab Strategic TRSCHE	<0.1%	$204,149	5,630	New

Over time and by industry

Value over time

Jun '25

Dec '25

Jun '26

Value is up 31.7% since 30 June 2025.

Where the money is

Technology4.3%

Financial services3.2%

Retail & consumer2.7%

Materials0.8%

Media & telecom0.5%

Industrials0.5%

Health care0.5%

Energy0.1%

Other87.3%

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.