SEC 13F Intelligence

Managers / Q1 2026

DEEPWATER ASSET MANAGEMENT, LLC

CIK 0001964171 · 21 N. THIRD STREET, #250, MINNEAPOLIS, MN, 55401 · 3302777888

Reported Value
$158M
Q1 2026
Positions
39
Filings on Record
14
2019–present window
Filed
May 14, 2026
original filing

Summary

Deepwater Asset Management, LLC reported $158M in U.S.-listed holdings across 39 positions for Q1 2026.

Its largest position, RDDT, represents 5.6% of the portfolio.

Compared with Q4 2025, the fund opened 7 new positions and exited 14.

Portfolio Metrics

Turnover
+13.5%
vs prior filed quarter
Top-10 Concentration
+41.6%
share of reported value
Largest Position
+5.6%
Reddit
New / Exited
7 / 14
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’22: $176MQ4 ’22Q1 ’23: $211MQ2 ’23: $235MQ2 ’23Q3 ’23: $218MQ4 ’23: $252MQ4 ’23Q1 ’24: $265MQ2 ’24: $275MQ2 ’24Q3 ’24: $285MQ4 ’24: $306MQ4 ’24Q1 ’25: $236MQ2 ’25: $253MQ2 ’25Q3 ’25: $251MQ4 ’25: $343MQ4 ’25Q1 ’26: $158Mfilingsflow.com

Portfolio Composition

By security type
Common Stock: 83.9%Other: 15.2%ADR: 0.9%
  • Common Stock · 83.9% · $132M
  • Other · 15.2% · $24M
  • ADR · 0.9% · $1M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
CREDO TECHNOLOGY GROUP HOLDINEW+73.4K73.4K+$7M$7M
MRVLMARVELL TECHNOLOGY INCNEW+54.6K54.6K+$5M$5M
RMBS*RAMBUS INC DELNEW+58.0K58.0K+$5M$5M
SHOPSHOPIFY INCNEW+37.9K37.9K+$4M$4M
NETCLOUDFLARE INCNEW+7.4K7.4K+$2M$2M
PCORPROCORE TECHNOLOGIES INCNEW+22.8K22.8K+$1M$1M
TOSTTOAST INCNEW+46.2K46.2K+$1M$1M
AMZNAMAZON COM INCADDED+3.8K7.0K+$723,372$1M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q1 2026

39 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1RDDTREDDIT INChistory →CL A5.61%$9M65.7K
2UAOSTERLING INFRASTRUCTURE INChistory →COM5.34%$8M20.7K
3NU HLDGS LTDORD SHS CL A4.79%$8M526.6K
4CREDO TECHNOLOGY GROUP HOLDIORDINARY SHARES4.37%$7M73.4K
5UBERUBER TECHNOLOGIES INChistory →COM3.95%$6M86.8K
6VRTVERTIV HOLDINGS COhistory →COM CL A3.92%$6M24.7K
7DDOGDATADOG INChistory →CL A COM3.82%$6M51.0K
8MRVLMARVELL TECHNOLOGY INChistory →COM3.43%$5M54.6K
9LRCXLAM RESEARCH CORPhistory →COM NEW3.24%$5M24.0K
10ASML HLDG NVN Y REGISTRY SHS3.18%$5M3.8K
11RMBS*RAMBUS INC DELhistory →COM3.16%$5M58.0K
12MLB1MERCADOLIBRE INChistory →COM3.13%$5M2.9K
13COHRCOHERENT CORPhistory →COM3.03%$5M20.1K
14CCOCAMECO CORPhistory →COM3.00%$5M43.6K
15ISRGINTUITIVE SURGICAL INChistory →COM NEW2.99%$5M10.3K
16FOURSHIFT4 PMTS INChistory →CL A2.97%$5M107.1K
17TTWOTAKE-TWO INTERACTIVE SOFTWARhistory →COM2.95%$5M23.6K
18VSTVISTRA CORPhistory →COM2.95%$5M30.9K
19SHOPSHOPIFY INChistory →CL A SUB VTG SHS2.85%$4M37.9K
20GLOBAL E ONLINE LTDSHS2.82%$4M144.2K
21RBRKRUBRIK INC.history →CL A2.75%$4M88.5K
22TEAM1EURATLASSIAN CORPORATIONhistory →CL A2.67%$4M61.7K
23SNOWSNOWFLAKE INChistory →COM SHS2.64%$4M27.7K
24JPXAEROVIRONMENT INChistory →COM2.63%$4M22.6K
25MRCYMERCURY SYS INChistory →COM2.62%$4M56.6K
26APPAPPLOVIN CORPhistory →COM CL A2.47%$4M9.8K
27AXONAXON ENTERPRISE INChistory →COM2.44%$4M9.1K
28NETCLOUDFLARE INCCL A COM0.97%$2M7.4K
29GOOGALPHABET INCCAP STK CL C0.94%$1M5.2K
30TSMTAIWAN SEMICONDUCTOR MANUFACSPONSORED ADS0.93%$1M4.3K
31AMZNAMAZON COM INCCOM0.92%$1M7.0K
32SNPSSYNOPSYS INCCOM0.89%$1M3.6K
33AAPLAPPLE INCCOM0.87%$1M5.4K
34NVDANVIDIA CORPORATIONCOM0.85%$1M7.7K
35AVGOBROADCOM INCCOM0.85%$1M4.3K
36PCORPROCORE TECHNOLOGIES INCCOM0.82%$1M22.8K
37TOSTTOAST INCCL A0.78%$1M46.2K
38CRWVCOREWEAVE INCCOM CL A0.77%$1M15.6K
39MUMICRON TECHNOLOGY INCCOM0.74%$1M3.5K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$158M39May 14, 202613F-HRchanges · EDGAR ↗
Q4 2025$343M46Feb 11, 202613F-HRchanges · EDGAR ↗
Q3 2025$251M31Nov 12, 202513F-HRchanges · EDGAR ↗
Q2 2025$253M20Aug 14, 202513F-HRchanges · EDGAR ↗
Q1 2025$236M21May 13, 202513F-HRchanges · EDGAR ↗
Q4 2024$306M23Jan 24, 202513F-HRchanges · EDGAR ↗
Q3 2024$285M23Oct 24, 202413F-HRchanges · EDGAR ↗
Q2 2024$275M23Aug 13, 202413F-HRchanges · EDGAR ↗
Q1 2024$265M26Apr 18, 202413F-HRchanges · EDGAR ↗
Q4 2023$252M29Jan 17, 202413F-HRchanges · EDGAR ↗
Q3 2023$218M31Oct 26, 202313F-HRchanges · EDGAR ↗
Q2 2023$235M31Jul 18, 202313F-HRchanges · EDGAR ↗
Q1 2023$211M27May 2, 202313F-HRchanges · EDGAR ↗
Q4 2022$176M25Feb 3, 202313F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.