Filed: 2/17/2026ACC: 0001915842-26-000003
📋 What this filing means
NEARWATER CAPITAL MARKETS, LTD filed this quarterly 13F‑HR report disclosing 104 equity positions with a total reported market value of $5.85B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
104
Positions
$5.85B
Total AUM (reported)
55.58M
Total Shares
Allocation by class
COM$3.50B59.9%
CAP STK CL A$409.72M7.0%
CL A$366.65M6.3%
VAN FTSE DEV MKT$294.54M5.0%
COM NEW$269.51M4.6%
JUNIOR GOLD MINE$186.60M3.2%
CHINA LG-CAP ETF$106.64M1.8%
Portfolio Concentration
Top 3$1.12B19.1%
4–10$1.62B27.7%
11–25$1.41B24.1%
Rest$1.70B29.2%
Top 3 weight
19.1%
Top 10 weight
46.8%
Voting Authority Distribution
Total shares with voting rights: 55.58M
Sole
Full voting authority
55.58M
shares
% of voting shares100.0%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
0.00
shares
% of voting shares0.0%
Investment Discretion (by position count)
Sole104
Shared0
Other0
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings104
Rows:
ALPHABET INC
SOLEShares1.31M
TypeSH
Market value$409.72M
7.01%
Sole
1.31M
Shared
0.00
None
0.00
MICROSOFT CORP
SOLEShares741K
TypeSH
Market value$358.36M
6.13%
Sole
741K
Shared
0.00
None
0.00
NVIDIA CORPORATION
SOLEShares1.86M
TypeSH
Market value$347.26M
5.94%
Sole
1.86M
Shared
0.00
None
0.00
VANGUARD TAX-MANAGED FDS
SOLEShares4.71M
TypeSH
Market value$294.54M
5.04%
Sole
4.71M
Shared
0.00
None
0.00
BROADCOM INC
SOLEShares804K
TypeSH
Market value$278.26M
4.76%
Sole
804K
Shared
0.00
None
0.00
META PLATFORMS INC
SOLEShares410K
TypeSH
Market value$270.64M
4.63%
Sole
410K
Shared
0.00
None
0.00
APPLE ORD
SOLEShares766K
TypeSH
Market value$208.24M
3.56%
Sole
766K
Shared
0.00
None
0.00
MICRON TECHNOLOGY INC
SOLEShares690K
TypeSH
Market value$196.93M
3.37%
Sole
690K
Shared
0.00
None
0.00
VANECK ETF TRUST
SOLEShares1.64M
TypeSH
Market value$186.60M
3.19%
Sole
1.64M
Shared
0.00
None
0.00
WALMART INC
SOLEShares1.66M
TypeSH
Market value$185.05M
3.16%
Sole
1.66M
Shared
0.00
None
0.00
LAM RESEARCH CORP
SOLEShares820K
TypeSH
Market value$140.37M
2.40%
Sole
820K
Shared
0.00
None
0.00
TESLA INC
SOLEShares285.50K
TypeSH
Market value$128.40M
2.20%
Sole
285.50K
Shared
0.00
None
0.00
MARVELL TECHNOLOGY INC
SOLEShares1.50M
TypeSH
Market value$127.05M
2.17%
Sole
1.50M
Shared
0.00
None
0.00
GILEAD SCIENCES INC
SOLEShares1.01M
TypeSH
Market value$124.34M
2.13%
Sole
1.01M
Shared
0.00
None
0.00
SOUTHWEST AIRLS CO
SOLEShares2.80M
TypeSH
Market value$115.72M
1.98%
Sole
2.80M
Shared
0.00
None
0.00
ISHARES TR
SOLEShares2.79M
TypeSH
Market value$106.64M
1.82%
Sole
2.79M
Shared
0.00
None
0.00
INSMED INC
SOLEShares500K
TypeSH
Market value$87.02M
1.49%
Sole
500K
Shared
0.00
None
0.00
BANK AMERICA CORP
SOLEShares1.55M
TypeSH
Market value$85.25M
1.46%
Sole
1.55M
Shared
0.00
None
0.00
VANGUARD INTL EQUITY INDEX FUND
SOLEShares527.50K
TypeSH
Market value$74.41M
1.27%
Sole
527.50K
Shared
0.00
None
0.00
SCHWAB CHARLES CORP
SOLEShares722K
TypeSH
Market value$72.14M
1.23%
Sole
722K
Shared
0.00
None
0.00
MCDONALDS CORP
SOLEShares230K
TypeSH
Market value$70.29M
1.20%
Sole
230K
Shared
0.00
None
0.00
COSTCO WHSL CORP NEW
SOLEShares81K
TypeSH
Market value$69.85M
1.19%
Sole
81K
Shared
0.00
None
0.00
TERNS PHARMACEUTICALS INC
SOLEShares1.70M
TypeSH
Market value$68.87M
1.18%
Sole
1.70M
Shared
0.00
None
0.00
ISHARES BITCOIN TRUST ETF
SOLEShares1.38M
TypeSH
Market value$68.76M
1.18%
Sole
1.38M
Shared
0.00
None
0.00
TJX COS INC NEW
SOLEShares440K
TypeSH
Market value$67.59M
1.16%
Sole
440K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
ALPHABET INCSOLE | CAP STK CL A | 1.31M | SH | $409.72M 7.01% | 1.31M | 0.00 | 0.00 |
MICROSOFT CORPSOLE | COM | 741K | SH | $358.36M 6.13% | 741K | 0.00 | 0.00 |
NVIDIA CORPORATIONSOLE | COM | 1.86M | SH | $347.26M 5.94% | 1.86M | 0.00 | 0.00 |
VANGUARD TAX-MANAGED FDSSOLE | VAN FTSE DEV MKT | 4.71M | SH | $294.54M 5.04% | 4.71M | 0.00 | 0.00 |
BROADCOM INCSOLE | COM | 804K | SH | $278.26M 4.76% | 804K | 0.00 | 0.00 |
META PLATFORMS INCSOLE | CL A | 410K | SH | $270.64M 4.63% | 410K | 0.00 | 0.00 |
APPLE ORDSOLE | COM | 766K | SH | $208.24M 3.56% | 766K | 0.00 | 0.00 |
MICRON TECHNOLOGY INCSOLE | COM | 690K | SH | $196.93M 3.37% | 690K | 0.00 | 0.00 |
VANECK ETF TRUSTSOLE | JUNIOR GOLD MINE | 1.64M | SH | $186.60M 3.19% | 1.64M | 0.00 | 0.00 |
WALMART INCSOLE | COM | 1.66M | SH | $185.05M 3.16% | 1.66M | 0.00 | 0.00 |
LAM RESEARCH CORPSOLE | COM NEW | 820K | SH | $140.37M 2.40% | 820K | 0.00 | 0.00 |
TESLA INCSOLE | COM | 285.50K | SH | $128.40M 2.20% | 285.50K | 0.00 | 0.00 |
MARVELL TECHNOLOGY INCSOLE | COM | 1.50M | SH | $127.05M 2.17% | 1.50M | 0.00 | 0.00 |
GILEAD SCIENCES INCSOLE | COM | 1.01M | SH | $124.34M 2.13% | 1.01M | 0.00 | 0.00 |
SOUTHWEST AIRLS COSOLE | COM | 2.80M | SH | $115.72M 1.98% | 2.80M | 0.00 | 0.00 |
ISHARES TRSOLE | CHINA LG-CAP ETF | 2.79M | SH | $106.64M 1.82% | 2.79M | 0.00 | 0.00 |
INSMED INCSOLE | COM PAR $.01 | 500K | SH | $87.02M 1.49% | 500K | 0.00 | 0.00 |
BANK AMERICA CORPSOLE | COM | 1.55M | SH | $85.25M 1.46% | 1.55M | 0.00 | 0.00 |
VANGUARD INTL EQUITY INDEX FUNDSOLE | TT WRLD ST ETF | 527.50K | SH | $74.41M 1.27% | 527.50K | 0.00 | 0.00 |
SCHWAB CHARLES CORPSOLE | COM | 722K | SH | $72.14M 1.23% | 722K | 0.00 | 0.00 |
MCDONALDS CORPSOLE | COM | 230K | SH | $70.29M 1.20% | 230K | 0.00 | 0.00 |
COSTCO WHSL CORP NEWSOLE | COM | 81K | SH | $69.85M 1.19% | 81K | 0.00 | 0.00 |
TERNS PHARMACEUTICALS INCSOLE | COM | 1.70M | SH | $68.87M 1.18% | 1.70M | 0.00 | 0.00 |
ISHARES BITCOIN TRUST ETFSOLE | SHS BEN INT | 1.38M | SH | $68.76M 1.18% | 1.38M | 0.00 | 0.00 |
TJX COS INC NEWSOLE | COM | 440K | SH | $67.59M 1.16% | 440K | 0.00 | 0.00 |
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