Filed: 2/17/2026ACC: 0000935836-26-000095
📋 What this filing means
WATERSHED ASSET MANAGEMENT, L.L.C. filed this quarterly 13F‑HR report disclosing 118 equity positions with a total reported market value of $107.09M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
118
Positions
$107.09M
Total AUM (reported)
1.87M
Total Shares
Allocation by class
COM$53.30M49.8%
NAS100 EQL WGT$11.94M11.1%
CL A$7.54M7.0%
COM CL A$6.33M5.9%
ALLWRLD EX US$5.57M5.2%
MSCI MEXICO ETF$3.71M3.5%
SHS$3.55M3.3%
Portfolio Concentration
Top 3$22.95M21.4%
4–10$24.19M22.6%
11–25$20.22M18.9%
Rest$39.73M37.1%
Top 3 weight
21.4%
Top 10 weight
44.0%
Voting Authority Distribution
Total shares with voting rights: 1.87M
Sole
Full voting authority
1.87M
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)
Sole118
Shared0
Other0
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings118
Rows:
DIREXION SHS ETF TR
SOLEShares116.70K
TypeSH
Market value$11.94M
11.15%
Sole
116.70K
Shared
0.00
None
0.00
VANGUARD INTL EQUITY INDEX F
SOLEShares75.74K
TypeSH
Market value$5.57M
5.20%
Sole
75.74K
Shared
0.00
None
0.00
VISA INC
SOLEShares15.50K
TypeSH
Market value$5.44M
5.08%
Sole
15.50K
Shared
0.00
None
0.00
MICROSOFT CORP
SOLEShares9.30K
TypeSH
Market value$4.50M
4.20%
Sole
9.30K
Shared
0.00
None
0.00
ISHARES INC
SOLEShares53.50K
TypeSH
Market value$3.71M
3.46%
Sole
53.50K
Shared
0.00
None
0.00
DUTCH BROS INC
SOLEShares57.20K
TypeSH
Market value$3.50M
3.27%
Sole
57.20K
Shared
0.00
None
0.00
S&P GLOBAL INC
SOLEShares6.20K
TypeSH
Market value$3.24M
3.03%
Sole
6.20K
Shared
0.00
None
0.00
THERMO FISHER SCIENTIFIC INC
SOLEShares5.40K
TypeSH
Market value$3.13M
2.92%
Sole
5.40K
Shared
0.00
None
0.00
MONDAY COM LTD
SOLEShares20.75K
TypeSH
Market value$3.06M
2.86%
Sole
20.75K
Shared
0.00
None
0.00
MERCADOLIBRE INC
SOLEShares1.51K
TypeSH
Market value$3.05M
2.85%
Sole
1.51K
Shared
0.00
None
0.00
WESTERN DIGITAL CORP
SOLEShares17.40K
TypeSH
Market value$3.00M
2.80%
Sole
17.40K
Shared
0.00
None
0.00
ISHARES TR
SOLEShares50K
TypeSH
Market value$2.70M
2.52%
Sole
50K
Shared
0.00
None
0.00
SEA LTD
SOLEShares19.48K
TypeSH
Market value$2.49M
2.32%
Sole
19.48K
Shared
0.00
None
0.00
META PLATFORMS INC
SOLEShares3.45K
TypeSH
Market value$2.28M
2.12%
Sole
3.45K
Shared
0.00
None
0.00
GITLAB INC
SOLEShares54K
TypeSH
Market value$2.03M
1.89%
Sole
54K
Shared
0.00
None
0.00
RAYONIER INC
SOLEShares84.14K
TypeSH
Market value$1.82M
1.70%
Sole
84.14K
Shared
0.00
None
0.00
LUMENTUM HLDGS INC
SOLEShares4K
TypeSH
Market value$1.47M
1.38%
Sole
4K
Shared
0.00
None
0.00
WARBY PARKER INC
SOLEShares44K
TypeSH
Market value$958.8K
0.90%
Sole
44K
Shared
0.00
None
0.00
PHINIA INC
SOLEShares8.30K
TypeSH
Market value$520.5K
0.49%
Sole
8.30K
Shared
0.00
None
0.00
PERDOCEO ED CORP
SOLEShares17.16K
TypeSH
Market value$503.4K
0.47%
Sole
17.16K
Shared
0.00
None
0.00
CHEESECAKE FACTORY INC
SOLEShares9.94K
TypeSH
Market value$502.0K
0.47%
Sole
9.94K
Shared
0.00
None
0.00
EL POLLO LOCO HLDGS INC
SOLEShares47.10K
TypeSH
Market value$492.6K
0.46%
Sole
47.10K
Shared
0.00
None
0.00
ZUMIEZ INC
SOLEShares18.72K
TypeSH
Market value$487.6K
0.46%
Sole
18.72K
Shared
0.00
None
0.00
ACCEL ENTERTAINMENT INC
SOLEShares42.53K
TypeSH
Market value$485.3K
0.45%
Sole
42.53K
Shared
0.00
None
0.00
SIGNET JEWELERS LIMITED
SOLEShares5.84K
TypeSH
Market value$483.9K
0.45%
Sole
5.84K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
DIREXION SHS ETF TRSOLE | NAS100 EQL WGT | 116.70K | SH | $11.94M 11.15% | 116.70K | 0.00 | 0.00 |
VANGUARD INTL EQUITY INDEX FSOLE | ALLWRLD EX US | 75.74K | SH | $5.57M 5.20% | 75.74K | 0.00 | 0.00 |
VISA INCSOLE | COM CL A | 15.50K | SH | $5.44M 5.08% | 15.50K | 0.00 | 0.00 |
MICROSOFT CORPSOLE | COM | 9.30K | SH | $4.50M 4.20% | 9.30K | 0.00 | 0.00 |
ISHARES INCSOLE | MSCI MEXICO ETF | 53.50K | SH | $3.71M 3.46% | 53.50K | 0.00 | 0.00 |
DUTCH BROS INCSOLE | CL A | 57.20K | SH | $3.50M 3.27% | 57.20K | 0.00 | 0.00 |
S&P GLOBAL INCSOLE | COM | 6.20K | SH | $3.24M 3.03% | 6.20K | 0.00 | 0.00 |
THERMO FISHER SCIENTIFIC INCSOLE | COM | 5.40K | SH | $3.13M 2.92% | 5.40K | 0.00 | 0.00 |
MONDAY COM LTDSOLE | SHS | 20.75K | SH | $3.06M 2.86% | 20.75K | 0.00 | 0.00 |
MERCADOLIBRE INCSOLE | COM | 1.51K | SH | $3.05M 2.85% | 1.51K | 0.00 | 0.00 |
WESTERN DIGITAL CORPSOLE | COM | 17.40K | SH | $3.00M 2.80% | 17.40K | 0.00 | 0.00 |
ISHARES TRSOLE | MSCI INDIA ETF | 50K | SH | $2.70M 2.52% | 50K | 0.00 | 0.00 |
SEA LTDSOLE | SPONSORD ADS | 19.48K | SH | $2.49M 2.32% | 19.48K | 0.00 | 0.00 |
META PLATFORMS INCSOLE | CL A | 3.45K | SH | $2.28M 2.12% | 3.45K | 0.00 | 0.00 |
GITLAB INCSOLE | CLASS A COM | 54K | SH | $2.03M 1.89% | 54K | 0.00 | 0.00 |
RAYONIER INCSOLE | COM | 84.14K | SH | $1.82M 1.70% | 84.14K | 0.00 | 0.00 |
LUMENTUM HLDGS INCSOLE | COM | 4K | SH | $1.47M 1.38% | 4K | 0.00 | 0.00 |
WARBY PARKER INCSOLE | CL A COM | 44K | SH | $958.8K 0.90% | 44K | 0.00 | 0.00 |
PHINIA INCSOLE | COMMON STOCK | 8.30K | SH | $520.5K 0.49% | 8.30K | 0.00 | 0.00 |
PERDOCEO ED CORPSOLE | COM | 17.16K | SH | $503.4K 0.47% | 17.16K | 0.00 | 0.00 |
CHEESECAKE FACTORY INCSOLE | COM | 9.94K | SH | $502.0K 0.47% | 9.94K | 0.00 | 0.00 |
EL POLLO LOCO HLDGS INCSOLE | COM | 47.10K | SH | $492.6K 0.46% | 47.10K | 0.00 | 0.00 |
ZUMIEZ INCSOLE | COM | 18.72K | SH | $487.6K 0.46% | 18.72K | 0.00 | 0.00 |
ACCEL ENTERTAINMENT INCSOLE | COM CL A1 | 42.53K | SH | $485.3K 0.45% | 42.53K | 0.00 | 0.00 |
SIGNET JEWELERS LIMITEDSOLE | SHS | 5.84K | SH | $483.9K 0.45% | 5.84K | 0.00 | 0.00 |
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