WA

Watershed Asset Management, L.L.C.

Diversified strategyContrarianHigh-turnover trader

Total reported value

$96.5M

Reporting period: 2026-03-31 · Number of holdings: 118

Watershed Asset Management, L.L.C. disclosed 118 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $96.5M and a quarterly turnover rate of 85.2%.

Personality snowflake

Concentration
7.86
Portfolio Stability
85.18
Momentum/Contrarian
0
Sector conviction
80.06
Diversification
100
Sizing Uniformity
88.47

Recent moves

  • Trim QQQE

    -82.7%　-$9.9M

  • Add AMAT

    +411.4%　$2.5M

  • Add META

    +47.6%　$635.1K

  • Trim V

    -9.4%　-$1.2M

  • Add WRBY

    +60.2%　$526.7K

  • Trim GTLB

    +18.5%　-$641.7K

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

#TickerIssuerAsset SubclassWeightWeight ChangeShares Change4Q Trend
1VEUVanguard Ftse All-world Ex-uETF-Other5.89%——
2VVisa Inc-class A SharesStock-Financials4.40%-0.68%-9.35%
3EWWIshares Msci Mexico ETFETF-Other4.17%——
4TMOThermo Fisher Scientific INCStock-Healthcare3.57%—+29.63%
5MCOMoody's CORPStock-Financials3.16%+3.16%NEW
6AMZNAmazon.com INCStock-Consumer Disc3.15%+3.15%NEW
7METAMeta Platforms Inc-class AStock-Comm Services3.02%+0.90%+47.58%
8AMATApplied Materials INCStock-Tech3.01%+2.61%+411.43%
9TERTeradyne INCStock-Tech2.73%+2.73%NEW
10MELIMercadolibre INCStock-Consumer Disc2.71%——
11INDAIshares Msci India ETFETF-Other2.43%——
12KLACKla CORPStock-Tech2.38%+2.38%NEW
13INTCIntel CORPStock-Tech2.09%+2.09%NEW
14TANInvesco Solar ETFETF-Other2.08%+2.08%NEW
15QQQEDirx Nasdaq-100eq Wi Etf-usdETF-Tech2.06%-9.09%-82.69%
16NVDANvidia CORPStock-Tech1.97%+1.97%NEW
17DHRDanaher CORPStock-Healthcare1.85%+1.85%NEW
18LITELumentum Holdings INCStock-Tech1.60%—-45.00%
19WRBYWarby Parker Inc-class AStock-Other1.54%+0.64%+60.23%
20GTLBGitlab Inc-cl AStock-Tech1.44%-0.45%+18.52%
21MANManpowergroup INCStock-Industrials0.53%+0.53%NEW
22KFYKorn FerryStock-Industrials0.53%—+30.73%
23IIINInsteel Industries INCStock-Other0.52%—+10.29%
24DELLDell Technologies -cStock-Tech0.52%—-14.51%
25RRyder System INCStock-Industrials0.51%——
26CRUSCirrus Logic INCStock-Tech0.50%—-11.47%
27ZMZoom Communications INCStock-Tech0.50%—+15.93%
28TAt&t INCStock-Comm Services0.49%——
29INVAInnoviva INCStock-Other0.49%—-11.92%
30HUMHumana INCStock-Healthcare0.49%+0.49%NEW
31SKYWSkywest INCStock-Industrials0.49%—+17.80%
32EBFEnnis INCStock-Other0.49%+0.49%NEW
33AKAMAkamai Technologies INCStock-Tech0.49%—-24.45%
34INGMIngram Micro Holding CORPStock-Other0.49%+0.49%NEW
35TILEInterface INCStock-Other0.49%—+18.57%
36VZVerizon Communications INCStock-Comm Services0.48%—-14.77%
37GTMZoominfo Technologies INCStock-Tech0.48%+0.48%NEW
38ADBEAdobe INCStock-Tech0.48%+0.48%NEW
39✓ Pagaya Technologies LTDStock-Other0.48%+0.48%NEW
40PGCPeapack Gladstone Finl CORPStock-Other0.48%+0.48%NEW
41NTAPNetapp INCStock-Tech0.48%—+10.22%
42DVADavita INCStock-Healthcare0.48%+0.48%NEW
43NWSANews CORP - Class AStock-Comm Services0.48%+0.48%NEW
44BYDBoyd Gaming CORPStock-Consumer Disc0.48%—+17.21%
45DIODDiodes INCStock-Other0.48%—-21.45%
46BBTBeacon Financial CORPStock-Other0.47%——
47WEXWex INCStock-Tech0.47%+0.47%NEW
48AMKRAmkor Technology INCStock-Tech0.47%—-11.72%
49ASOAcademy Sports & Outdoors InStock-Consumer Disc0.47%+0.47%NEW
50IBEXIBEX LimitedStock-Other0.47%+0.47%NEW
1–50 of 118

Holding changes this quarter

Watershed Asset Management, L.L.C.'s most significant position changes for 2026-03-31: Sold out: Microsoft CORP (MSFT); Sold out: Dutch Bros Inc-class A (BROS); Sold out: S&p Global INC (SPGI); Sold out: monday.com Ltd. (MNDY); New buy: Moody's CORP (MCO).

Position changes disclosed by Watershed Asset Management, L.L.C. for the quarter ending 2026-03-31, including ticker, issuer, weight change, shares change, and action
#TickerIssuerWeight ChangeShares ChangeAction
1AMATApplied Materials INC+2.6%+411.43%Add
2METAMeta Platforms Inc-class A+0.9%+47.58%Add
3WRBYWarby Parker Inc-class A+0.6%+60.23%Add
4GTLBGitlab Inc-cl A-0.5%+18.52%Add
5VVisa Inc-class A Shares-0.7%-9.35%Trim
6QQQEDirx Nasdaq-100eq Wi Etf-usd-9.1%-82.69%Trim
7MSFTMicrosoft CORP—EXITSold out
8BROSDutch Bros Inc-class A—EXITSold out
9SPGIS&p Global INC—EXITSold out
10MNDYmonday.com Ltd.—EXITSold out
11MCOMoody's CORP—NEWNew buy
12AMZNAmazon.com INC—NEWNew buy
13WDCWestern Digital CORP—EXITSold out
14TERTeradyne INC—NEWNew buy
15SESea Ltd-adr—EXITSold out
16KLACKla CORP—NEWNew buy
17INTCIntel CORP—NEWNew buy
18TANInvesco Solar ETF—NEWNew buy
19NVDANvidia CORP—NEWNew buy
20RYNRayonier INC—EXITSold out
21DHRDanaher CORP—NEWNew buy
22MANManpowergroup INC—NEWNew buy
23CAKECheesecake Factory Inc/the—EXITSold out
24SIGSignet Jewelers Limited—EXITSold out
25HUMHumana INC—NEWNew buy
26EBFEnnis INC—NEWNew buy
27INGMIngram Micro Holding CORP—NEWNew buy
28GTMZoominfo Technologies INC—NEWNew buy
29TNLTravel + Leisure Co—EXITSold out
30ADBEAdobe INC—NEWNew buy
31✓ Pagaya Technologies LTD—NEWNew buy
32PGCPeapack Gladstone Finl CORP—NEWNew buy
33DVADavita INC—NEWNew buy
34NWSANews CORP - Class A—NEWNew buy
35CPRXCatalyst Pharmaceuticals INC—EXITSold out
36WEXWex INC—NEWNew buy
37SEBSeaboard CORP—EXITSold out
38ASOAcademy Sports & Outdoors In—NEWNew buy
39ZDZiff Davis INC—EXITSold out
40IBEXIBEX Limited—NEWNew buy
41BKEBuckle Inc/the—NEWNew buy
42HNIHni CORP—EXITSold out
43KRKroger Co—EXITSold out
44FSLRFirst Solar INC—NEWNew buy
45FOXAFox CORP - Class A—EXITSold out
46CARGCargurus INC—NEWNew buy
47VITLVital Farms INC—NEWNew buy
48IDTIdt Corp-class B—NEWNew buy
49CXTCrane Nxt Co—EXITSold out
50YELPYelp INC—EXITSold out

FAQ

What is Watershed Asset Management, L.L.C. and what type of investor is it?
Watershed Asset Management, L.L.C. is a investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-03-31), the firm manages a tracked equity portfolio valued at approximately $96.5M, spread across 118 disclosed positions.
What are Watershed Asset Management, L.L.C.'s largest equity positions?
Based on the latest 13F filing, Watershed Asset Management, L.L.C.'s top holdings by market value are: 1. Vanguard Ftse All-world Ex-u (VEU) — $5.7M (5.9%) 2. Visa Inc-class A Shares (V) — $4.2M (4.4%) 3. Ishares Msci Mexico ETF (EWW) — $4.0M (4.2%) 4. Thermo Fisher Scientific INC (TMO) — $3.4M (3.6%) 5. Moody's CORP (MCO) — $3.1M (3.2%)
What changes did Watershed Asset Management, L.L.C. make in its most recent portfolio filing?
In the latest reported quarter, Watershed Asset Management, L.L.C. made 50 notable position adjustments: 26 new positions were initiated, 4 existing holdings were added to, 2 positions were partially reduced, and 18 were completely exited. The largest of these moves: Sold out: Microsoft CORP (MSFT); Sold out: Dutch Bros Inc-class A (BROS); Sold out: S&p Global INC (SPGI); Sold out: monday.com Ltd. (MNDY); New buy: Moody's CORP (MCO)
What sectors does Watershed Asset Management, L.L.C. focus on?
Watershed Asset Management, L.L.C. is concentrated in the following sectors based on its current disclosed equity portfolio: • Information Technology: 45.1% • Financials: 14.7% • Consumer Discretionary: 13.6% • Health Care: 12.2% • Communication Services: 8.5% • Industrials: 3.3%