NEARWATER CAPITAL MARKETS LTD
Q1 2025 Form 13-F
DUBLIN 4, DUBLIN
CIK 0001915842
· Institutional investment manager
$3.5B Reported Value Total
Reported value
$3.5B
Quarter over quarter
-5.6%
Holdings
89
Top-10 concentration
51.1%
Key People
Named on the latest Form 13-F filing — not necessarily an owner
Ursula Clay
Chief Compliance Officer
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13F Metrics
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Q1 2025 13F record
Q1 2025 13F filing summary
| Period of report | March 31, 2025 |
|---|---|
| Filed | May 15, 2025 |
| Form | 13F-HR |
| Reported value | $3.5B |
| Positions | 89 |
| Change in reported value | +0.3% |
| New positions | 22 |
| Exited positions | 11 |
| Position turnover | 33.0% |
| Top-10 concentration | 51.1% |
13F filings by quarter
| Quarter | Positions | Value |
|---|---|---|
|
Q2 2026 13F
Filed Aug 14, 2026
|
100 | $5.8B |
|
Q1 2026 13F
Filed May 15, 2026
|
82 | $4.2B |
|
Q4 2025 13F
Filed Feb 17, 2026
|
104 | $5.8B |
|
Q3 2025 13F
Filed Nov 13, 2025
|
144 | $7.5B |
|
Q2 2025 13F
Filed Aug 13, 2025
|
103 | $6.3B |
|
Q1 2025 13F
Filed May 15, 2025
|
89 | $3.5B |
|
Q4 2024 13F
Filed Feb 14, 2025
|
78 | $3.5B |
Top 20 holdings · Q1 2025
| # | Holding | Reported value | % of portfolio |
|---|---|---|---|
| 1 | IVV iShares Core S&P 500 ETF | $561.9M | 15.99% |
| 2 | SPY SPDR S&P 500 ETF TR | $279.7M | 7.96% |
| 3 | AVGO BROADCOM Inc | $170.2M | 4.84% |
| 4 | NVDA NVIDIA Corporation | $169.1M | 4.81% |
| 5 | MSFT Microsoft Corporation | $125.3M | 3.57% |
| 6 | META Meta Platforms, Inc | $120.5M | 3.43% |
| 7 | MA Mastercard Incorporated | $112.1M | 3.19% |
| 8 | GOOGL Alphabet Inc. | $99.1M | 2.82% |
| 9 | AMZN Amazon.com, Inc. | $83.7M | 2.38% |
| 10 | JPM JPMorgan Chase & Co | $75.6M | 2.15% |
| 11 | MCD McDonald's Corporation | $59.4M | 1.69% |
| 12 | FXI ISHARES TR | $58.8M | 1.67% |
| 13 | AAPL Apple Inc. | $56.6M | 1.61% |
| 14 | DIS Walt Disney Co | $56.3M | 1.6% |
| 15 | WFC Wells Fargo & Company | $48.5M | 1.38% |
| 16 | GDXJ VANECK ETF TRUST | $42.9M | 1.22% |
| 17 | WMT Walmart Inc. | $41.7M | 1.19% |
| 18 | ABBV AbbVie Inc | $41.3M | 1.17% |
| 19 | BAC Bank of America Corporation | $40.5M | 1.15% |
| 20 | RTX Raytheon Technologies Corporation | $40.4M | 1.15% |
Values as reported on the Q1 2025 Form 13F. Every position is in the holdings table below.