NEARWATER CAPITAL MARKETS LTD
Q3 2025 Form 13-F
DUBLIN 4, DUBLIN
CIK 0001915842
· Institutional investment manager
$7.5B Reported Value Total
Reported value
$7.5B
Quarter over quarter
+11.9%
Holdings
144
Top-10 concentration
48.9%
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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Q3 2025 13F record
Q3 2025 13F filing summary
| Period of report | September 30, 2025 |
|---|---|
| Filed | November 13, 2025 |
| Form | 13F-HR |
| Reported value | $7.5B |
| Positions | 144 |
| Change in reported value | +19.7% |
| New positions | 59 |
| Exited positions | 18 |
| Position turnover | 47.5% |
| Top-10 concentration | 48.9% |
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 · Q3 2025
| # | Holding | Reported value | % of portfolio |
|---|---|---|---|
| 1 | IVV ISHARES CORE S&P 500 ETF | $836.6M | 11.19% |
| 2 | NVDA NVIDIA ORD | $770.6M | 10.3% |
| 3 | MSFT MICROSOFT ORD | $486.2M | 6.5% |
| 4 | AAPL APPLE ORD | $348.6M | 4.66% |
| 5 | AVGO BROADCOM ORD | $278.4M | 3.72% |
| 6 | GOOGL ALPHABET CL A ORD | $242.6M | 3.24% |
| 7 | GS GOLDMAN SACHS GROUP ORD | $210.2M | 2.81% |
| 8 | META META PLATFORMS CL A ORD | $169.6M | 2.27% |
| 9 | PLTR PALANTIR TECHNOLOGIES CL A ORD | $162.4M | 2.17% |
| 10 | AMZN AMAZON COM ORD | $154.4M | 2.06% |
| 11 | TSLA TESLA ORD | $151.2M | 2.02% |
| 12 | MS MORGAN STANLEY ORD | $145.7M | 1.95% |
| 13 | GOOG ALPHABET CL C ORD | $138.0M | 1.84% |
| 14 | BAC BANK OF AMERICA ORD | $136.7M | 1.83% |
| 15 | SCHW CHARLES SCHWAB ORD | $136.0M | 1.82% |
| 16 | FISV FISERV ORD | $128.3M | 1.72% |
| 17 | RY ROYAL BANK OF CANADA ORD | $108.8M | 1.45% |
| 18 | AMD ADVANCED MICRO DEVICES ORD | $103.5M | 1.38% |
| 19 | BRK-B BERKSHIRE HATHAWAY CL B ORD | $92.9M | 1.24% |
| 20 | GDXJ VANECK JUNIOR GOLD MINERS ETF | $85.2M | 1.14% |
Values as reported on the Q3 2025 Form 13F. Every position is in the holdings table below.