NEARWATER CAPITAL MARKETS LTD
Q1 2026 Form 13-F
DUBLIN 4, DUBLIN
CIK 0001915842
· Institutional investment manager
$4.2B Reported Value Total
Reported value
$4.2B
Quarter over quarter
-2.0%
Holdings
82
Top-10 concentration
40.8%
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 2026 13F record
Q1 2026 13F filing summary
| Period of report | March 31, 2026 |
|---|---|
| Filed | May 15, 2026 |
| Form | 13F-HR |
| Reported value | $4.2B |
| Positions | 82 |
| Change in reported value | -27.5% |
| New positions | 42 |
| Exited positions | 64 |
| Position turnover | 72.6% |
| Top-10 concentration | 40.8% |
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 2026
| # | Holding | Reported value | % of portfolio |
|---|---|---|---|
| 1 | SPDW ST STR SPDR POR DE WO EX US ETF | $275.7M | 6.5% |
| 2 | AAPL APPLE ORD | $256.4M | 6.05% |
| 3 | NVDA NVIDIA ORD | $249.0M | 5.87% |
| 4 | GDXJ VANECK JUNIOR GOLD MINERS ETF | $196.6M | 4.64% |
| 5 | VEA VANGUARD FTSE DEVELOPED MARKETS ETF | $142.7M | 3.37% |
| 6 | AMZN AMAZON COM ORD | $133.3M | 3.14% |
| 7 | SNDK SANDISK ORD | $130.9M | 3.09% |
| 8 | IXUS ISHARES CORE MSCI TOTL INTL STCK ETF | $122.5M | 2.89% |
| 9 | TERN TERNS PHARMACEUTICALS ORD | $113.4M | 2.67% |
| 10 | CAT CATERPILLAR ORD | $107.7M | 2.54% |
| 11 | AVGO BROADCOM ORD | $93.2M | 2.2% |
| 12 | JNJ JOHNSON & JOHNSON ORD | $90.4M | 2.13% |
| 13 | ACWI ISHARES MSCI ACWI ETF | $88.8M | 2.09% |
| 14 | GOOGL ALPHABET CL A ORD | $84.0M | 1.98% |
| 15 | GDX VANECK GOLD MINERS ETF | $83.0M | 1.96% |
| 16 | WFC WELLS FARGO ORD | $79.9M | 1.89% |
| 17 | VPL VANGUARD FTSE PACIFIC ETF | $77.0M | 1.82% |
| 18 | NEM NEWMONT ORD | $76.0M | 1.79% |
| 19 | COPX GLOBAL X COPPER MINERS ETF | $71.3M | 1.68% |
| 20 | KWEB KRANESHARES CSI CHINA INTERNET ETF | $67.7M | 1.6% |
Values as reported on the Q1 2026 Form 13F. Every position is in the holdings table below.