Q2 2026 13F · SEC CIK 2036346
Headwater Capital Co Ltd
Asset managerFiled 2026-08-14 for Q2 2026. Open the filing ↗ · All SEC filings ↗
- Reported 13F value
- $493.4M
- Reported positions
- 14
- Holdings vs S&P 500, 3 yrs
- —
- Average holding period
- 1.3 yrs
Headwater Capital Co Ltd is an asset manager that reported 14 positions worth $493.4M in its Q2 2026 13F, filed 2026-08-14. Its largest holdings were Taiwan Semiconductor Manufac (TSM, 20.3%), Meta Platforms Inc (META, 18.0%), Alphabet Inc (GOOG, 15.3%).
Headwater Capital Co Ltd holdings all 14 positions.
Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.
| Stock | % of 13F value | Share change | Reported value |
|---|---|---|---|
| TSMTaiwan Semiconductor Manufac | 20.3% | -37.5% | $100.3M |
| METAMeta Platforms Inc | 18.0% | -16.7% | $88.7M |
| GOOGAlphabet Inc | 15.3% | -27.8% | $75.3M |
| AMZNAmazon Com Inc | 6.3% | — | $31.0M |
| FUTUFutu Holdings Ltd | 6.0% | +215.0% | $29.5M |
| GOOGLAlphabet Inc | 5.1% | -69.6% | $25.0M |
| MUMicron Technology Inc | 4.9% | -80.4% | $24.2M |
| TCOMTrip Com Group Ltd | 4.9% | -8.3% | $24.1M |
| VVisa Inc | 4.9% | — | $24.0M |
| HOODRobinhood Mkts Inc | 4.3% | -42.8% | $21.1M |
| RBLXRoblox Corp | 3.5% | +57.5% | $17.1M |
| BWXTBwx Technologies Inc | 3.2% | — | $15.6M |
| APPApplovin Corp | 2.1% | — | $10.3M |
| PAYPPaypay Corp | 1.5% | — | $7.2M |
What Headwater Capital Co Ltd bought and sold in Q2 2026, against Q1 2026.
New positions
- AMZN Amazon Com Inc6.3% of 13F
- V Visa Inc4.9% of 13F
- BWXT Bwx Technologies Inc3.2% of 13F
- APP Applovin Corp2.1% of 13F
- PAYP Paypay Corp1.5% of 13F
Added to
- FUTU Futu Holdings Ltd+215.0% shares
- RBLX Roblox Corp+57.5% shares
Reduced
- MU Micron Technology Inc-80.4% shares
- GOOGL Alphabet Inc-69.6% shares
- HOOD Robinhood Mkts Inc-42.8% shares
- TSM Taiwan Semiconductor Manufac-37.5% shares
- GOOG Alphabet Inc-27.8% shares
- META Meta Platforms Inc-16.7% shares
- TCOM Trip Com Group Ltd-8.3% shares
Sold out
- NVDA Nvidia Corporationwas 8.8%
- DASH Doordash Incwas 5.1%
- PDD Pdd Holdings Incwas 2.5%
- LITE Lumentum Hldgs Incwas 2.3%
- ONON On Hldg AGwas 1.6%
- BZ Kanzhun Limitedwas 0.6%
Share counts compared with the Q1 2026 13F; a split also changes share counts.
How the holdings did against the S&P 500.
- 1 year
- +35.2% /yr
- S&P 500 +20.1%
- 3 years
- —
- 5 years
- —
A portfolio of the filer's 20 largest 13F positions, weighted by value, bought the trading day after each 13F was filed and held until the next one was: what copying this filer could have earned. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.
Reported 13F value by quarter.
| Quarter | 13F value | Positions |
|---|---|---|
| Q2 2026 | $493.4M | 14 |
| Q1 2026 | $622.0M | 15 |
| Q4 2025 | $480.9M | 17 |
| Q3 2025 | $408.8M | 17 |
| Q2 2025 | $285.7M | 12 |
| Q1 2025 | $220.0M | 9 |
| Q4 2024 | $187.6M | 10 |
Questions about Headwater Capital Co Ltd's portfolio
What stocks does Headwater Capital Co Ltd own?
Headwater Capital Co Ltd's latest 13F, for Q2 2026 and filed Aug 14, 2026, lists 14 positions worth $493.4M. The largest are Taiwan Semiconductor Manufac (TSM) at 20.3%, Meta Platforms Inc (META) at 18.0%, Alphabet Inc (GOOG) at 15.3%, Amazon Com Inc (AMZN) at 6.3% and Futu Holdings Ltd (FUTU) at 6.0%.
What did Headwater Capital Co Ltd buy last quarter?
In Q2 2026, Headwater Capital Co Ltd added a new position in Amazon Com Inc (AMZN), a new position in Visa Inc (V), a new position in Bwx Technologies Inc (BWXT), a new position in Applovin Corp (APP), a new position in Paypay Corp (PAYP), Futu Holdings Ltd (FUTU) (+215.0% shares) and Roblox Corp (RBLX) (+57.5% shares), compared with its Q1 2026 filing.
What did Headwater Capital Co Ltd sell last quarter?
In Q2 2026, Headwater Capital Co Ltd sold all of Nvidia Corporation (NVDA), sold all of Doordash Inc (DASH), sold all of Pdd Holdings Inc (PDD), sold all of Lumentum Hldgs Inc (LITE), sold all of On Hldg AG (ONON), Micron Technology Inc (MU) (-80.4% shares), Alphabet Inc (GOOGL) (-69.6% shares) and Robinhood Mkts Inc (HOOD) (-42.8% shares), compared with its Q1 2026 filing.
When is Headwater Capital Co Ltd's next 13F filing due?
13F filings are due 45 days after each quarter ends. Headwater Capital Co Ltd's filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.