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Asset Manager ← All Institutions

Watershed Asset Management, L.L.C.

601 CALIFORNIA STREET, SUITE 1701, SAN FRANCISCO, CA 94108 • (415) 391-8900

Q1 2026 · Filed 2026-05-06
Market Value
$95M
Holdings
154
+38
New Purchases
38
Added To
30
Closed
39
Reduced
31
Top 10 Concentration
36.3%
Turnover
50.0%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
VEU 5.98% 0.00% +5.98% $6M
V 4.46% 0.00% +4.46% $4M
EWW 4.23% 0.00% +4.23% $4M
TMO 3.62% 0.00% +3.62% $3M
MCO 3.21% 0.00% +3.21% $3M
AMZN 3.20% 0.00% +3.20% $3M
META 3.06% 0.00% +3.06% $3M
AMAT 3.05% 0.00% +3.05% $3M
TER 2.77% 0.00% +2.77% $3M
MELI 2.75% 0.00% +2.75% $3M
INDA 2.46% 0.00% +2.46% $2M
KLAC 2.41% 0.00% +2.41% $2M
INTC 2.11% 0.00% +2.11% $2M
TAN 2.11% 0.00% +2.11% $2M
QQQE 2.09% 0.00% +2.09% $2M

Sector Allocation Over Time

Industry Breakdown

IndustryWeight
Financial Services 31.5%
Technology 30.8%
Healthcare 11.8%
Consumer Cyclical 11.5%
Communication Services 6.4%

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 14 $21M 21.6%
Large Cap 45 $32M 34.0%
Mid Cap 57 $26M 27.4%
Small Cap 37 $16M 16.9%
Micro Cap 1 $0 0.0%

Portfolio Analytics

Avg Market Cap
$125.7B
Median Market Cap
$6.0B
Avg P/E
23.6
Median P/E
16.6
Avg Dividend Yield
0.02%
Avg Beta
1.06
# Stocks
149
# ETFs / Funds
5

Top Holdings (154 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 VEU 5.98% 75,739 $6M $75.10 $117K
2 V 4.46% 14,050 $4M $302.24 -$1M -1,450 -9.3%
3 EWW 4.23% 53,500 $4M $75.23 $316K
4 TMO 3.62% 7,000 $3M $491.53 $312K +1,600 +29.6%
5 MCO 3.21% 7,000 $3M $436.25 +7,000 NEW
6 AMZN 3.20% 14,600 $3M $208.27 +14,600 NEW
7 META 3.06% 5,087 $3M $572.13 $635K +1,640 +47.6%
8 AMAT 3.05% 8,500 $3M $341.79 $2M +6,838 +411.4%
9 TER 2.77% 8,900 $3M $296.46 +8,900 NEW
10 MELI 2.75% 1,515 $3M $1,729.02 -$432K
11 INDA 2.46% 50,000 $2M $46.84 -$360K
12 KLAC 2.41% 1,560 $2M $1,472.41 +1,560 NEW
13 INTC 2.11% 45,600 $2M $44.13 +45,600 NEW
14 TAN 2.11% 36,000 $2M $55.71 +36,000 NEW
15 QQQE 2.09% 20,200 $2M $98.53 -$10M -96,500 -82.7%
16 NVDA 2.00% 10,900 $2M $174.40 +10,900 NEW
17 DHR 1.87% 9,400 $2M $189.60 +9,400 NEW
18 LITE 1.62% 2,200 $2M $702.76 $72K -1,800 -45.0%
19 WRBY 1.56% 70,500 $1M $21.07 $527K +26,500 +60.2%
20 GTLB 1.46% 64,000 $1M $21.64 -$642K +10,000 +18.5%
21 MAN 0.54% 17,458 $514K $29.46 +17,458 NEW
22 KFY 0.54% 8,143 $513K $62.95 $101K +1,914 +30.7%
23 IIIN 0.53% 14,890 $500K $33.61 $73K +1,389 +10.3%
24 DELL 0.53% 3,047 $500K $164.13 $51K -517 -14.5%
25 R 0.52% 2,421 $496K $204.71 $32K
26 CRUS 0.51% 3,366 $487K $144.62 $36K -436 -11.5%
27 ZM 0.51% 6,019 $484K $80.39 $36K +827 +15.9%
28 T 0.50% 16,472 $478K $28.99 $68K
29 INVA 0.50% 20,366 $475K $23.30 $12K -2,757 -11.9%
30 HUM 0.50% 2,735 $474K $173.39 +2,735 NEW
31 SKYW 0.50% 5,142 $472K $91.83 $34K +777 +17.8%
32 EBF 0.50% 22,020 $472K $21.42 +22,020 NEW
33 AKAM 0.49% 4,101 $471K $114.85 -$3K -1,327 -24.4%
34 INGM 0.49% 20,184 $470K $23.31 +20,184 NEW
35 TILE 0.49% 18,828 $469K $24.92 $26K +2,949 +18.6%
36 VZ 0.49% 9,292 $466K $50.20 $22K -1,610 -14.8%
37 ZI 0.49% 77,728 $465K $5.98 +77,728 NEW
38 ADBE 0.49% 1,907 $464K $243.08 +1,907 NEW
39 PGC 0.49% 13,154 $463K $35.21 +13,154 NEW
40 NTAP 0.49% 4,518 $463K $102.39 $24K +419 +10.2%
41 DVA 0.49% 3,003 $462K $153.69 +3,003 NEW
42 NWSA 0.48% 18,478 $461K $24.93 +18,478 NEW
43 BYD 0.48% 5,586 $459K $82.18 $53K +820 +17.2%
44 DIOD 0.48% 6,717 $459K $68.26 $37K -1,834 -21.4%
45 BBT 0.48% 15,229 $457K $30.00 $55K
46 WEX 0.48% 2,967 $454K $153.04 +2,967 NEW
47 AMKR 0.48% 10,066 $453K $45.03 $3K -1,336 -11.7%
48 ASO 0.48% 8,024 $453K $56.45 +8,024 NEW
49 IBEX 0.48% 16,877 $453K $26.82 +16,877 NEW
50 MTCH 0.48% 14,739 $453K $30.71 $22K +1,418 +10.6%
51 BKE 0.47% 8,970 $452K $50.36 +8,970 NEW
52 CTSH 0.47% 7,362 $452K $61.35 $13K +2,072 +39.2%
53 FSLR 0.47% 2,280 $450K $197.26 +2,280 NEW
54 CARG 0.47% 13,191 $449K $34.05 +13,191 NEW
55 BUSE 0.47% 17,770 $449K $25.27 $26K
56 COLL 0.47% 13,578 $449K $33.07 $3K +3,955 +41.1%
57 VITL 0.47% 31,778 $449K $14.12 +31,778 NEW
58 HPQ 0.47% 23,328 $448K $19.21 $19K +4,078 +21.2%
59 JBL 0.47% 1,686 $448K $265.63 $13K -222 -11.6%
60 IDT 0.47% 9,112 $447K $49.10 +9,112 NEW
61 PB 0.47% 6,644 $446K $67.18 $34K +678 +11.4%
62 EEFT 0.47% 6,721 $446K $66.37 -$30K +471 +7.5%
63 SNX 0.47% 2,640 $445K $168.71 $3K -305 -10.4%
64 KRNY 0.47% 58,916 $445K $7.55 $8K
65 DOX 0.47% 6,803 $444K $65.26 +6,803 NEW
66 PHIN 0.47% 6,486 $444K $68.44 -$77K -1,817 -21.9%
67 RIGL 0.47% 16,385 $443K $27.04 +16,385 NEW
68 IMKTA 0.47% 4,928 $443K $89.89 +4,928 NEW
69 LEA 0.47% 3,657 $443K $121.08 +3,657 NEW
70 CI 0.47% 1,659 $443K $266.75 -$14K
71 VMD 0.46% 47,717 $439K $9.21 -$26K -14,936 -23.8%
72 WSBC 0.46% 12,739 $439K $34.49 $16K
73 CNOB 0.46% 16,379 $438K $26.77 $42K +1,265 +8.4%
74 FLEX 0.46% 6,691 $438K $65.46 $33K -18 -0.3%
75 VNT 0.46% 12,335 $438K $35.47 -$28K -194 -1.6%
76 EVER 0.46% 28,241 $435K $15.42 -$27K +11,112 +64.9%
77 PLUS 0.46% 5,784 $435K $75.25 -$27K +513 +9.7%
78 SIRI 0.46% 18,824 $434K $23.08 +18,824 NEW
79 PYPL 0.46% 9,595 $434K $45.23 $8K +2,295 +31.4%
80 PRDO 0.46% 11,662 $434K $37.21 -$69K -5,501 -32.0%
81 CDW 0.45% 3,577 $433K $121.02 -$499 +395 +12.4%
82 AVT 0.45% 7,015 $432K $61.62 -$11K -2,211 -24.0%
83 PLXS 0.45% 2,131 $432K $202.54 $14K -710 -25.0%
84 FRME 0.45% 11,139 $431K $38.73 +11,139 NEW
85 ARW 0.45% 3,006 $431K $143.41 -$19K -1,077 -26.4%
86 CON 0.45% 20,052 $430K $21.45 -$14K -2,533 -11.2%
87 UHS 0.45% 2,395 $429K $178.97 -$6K +403 +20.2%
88 BANC 0.45% 24,355 $428K $17.58 $2K +2,259 +10.2%
89 JBSS 0.45% 5,387 $427K $79.33 -$6K -753 -12.3%
90 GEN 0.45% 22,620 $426K $18.83 -$38K +5,558 +32.6%
91 DV 0.45% 44,781 $425K $9.50 +44,781 NEW
92 BDC 0.45% 3,698 $425K $114.83 -$44K -323 -8.0%
93 MHK 0.45% 4,310 $424K $98.46 +4,310 NEW
94 THC 0.44% 2,237 $422K $188.71 -$24K -10 -0.5%
95 CFFN 0.44% 58,965 $420K $7.13 $16K -450 -0.8%
96 MKSI 0.44% 1,827 $420K $229.81 -$44K -1,075 -37.0%
97 POST 0.44% 4,213 $416K $98.86 +4,213 NEW
98 FNB 0.44% 24,888 $416K $16.72 -$9K
99 ACEL 0.44% 38,046 $415K $10.91 -$70K -4,489 -10.6%
100 FIS 0.43% 8,810 $413K $46.91 -$33K +2,097 +31.2%

New Positions

SymbolValue% Port
MCO $3M 3.21%
AMZN $3M 3.20%
TER $3M 2.77%
KLAC $2M 2.41%
INTC $2M 2.11%
TAN $2M 2.11%
NVDA $2M 2.00%
DHR $2M 1.87%
MAN $514K 0.54%
HUM $474K 0.50%
EBF $472K 0.50%
INGM $470K 0.49%
ZI $465K 0.49%
ADBE $464K 0.49%
PGC $463K 0.49%

Sold Out Positions

SymbolValue% Port
DIS —%
BROS —%
SE —%
YELP —%
RYN —%
TPR —%
SPGI —%
DG —%
CXT —%
OMC —%
SIG —%
HNI —%
ADT —%
MRK —%
KR —%
View SEC EDGAR Filings for Watershed Asset Management, L.L.C. →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms