Q3 2026 13F · SEC CIK 1905665

Shearwater Capital LLC

Wealth managerFiled 2026-10-13 for Q3 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $211.2M
Reported positions: 71
Top holdings a year, 3 yrs: +19.6%
Assets under management: $427.3M

Shearwater Capital LLC is a wealth manager that reported 71 positions worth $211.2M in its Q3 2026 13F, filed 2026-10-13. Its largest holdings were Dimensional ETF Trust (DFAC, 35.2%), Dimensional ETF Trust (DFAX, 15.7%), Dimensional ETF Trust (DFIV, 9.0%). A portfolio copying its top holdings returned 19.6% a year over the last 3 years, against 22.3% for the S&P 500.

Shearwater Capital LLC holdings largest 50 of 71 positions.

Weights are shares of the filer's total reported 13F value, compared with Q2 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.

Shearwater Capital LLC 13F holdings
Stock	% of 13F value	Q2 2026	Shares	Share change	Reported value
DFACDimensional ETF Trust	35.2%	36.3%	1,674,031	-2.3%	$74.4M
DFAXDimensional ETF Trust	15.7%	16.2%	892,777	-3.0%	$33.1M
DFIVDimensional ETF Trust	9.0%	8.8%	341,011	-0.4%	$19.0M
DOCUDocusign Inc	3.6%	2.4%	113,428	+0.0%	$7.6M
DFUVDimensional ETF Trust	3.2%	3.2%	122,194	-0.8%	$6.7M
DFATDimensional ETF Trust	2.5%	2.7%	80,954	-1.4%	$5.4M
BRK-BBerkshire Hathaway Inc Del	2.5%	2.5%	10,499	+0.3%	$5.2M
DFEMDimensional ETF Trust	2.0%	1.8%	106,343	+12.8%	$4.2M
AMZNAmazon Com Inc	1.7%	1.6%	14,379	+0.0%	$3.6M
DFAIDimensional ETF Trust	1.4%	1.5%	73,897	-0.8%	$3.1M
DFUSDimensional ETF Trust	1.4%	1.4%	34,549	+0.0%	$2.9M
IVVIshares Tr	1.3%	1.3%	3,567	+0.1%	$2.7M
SCHXSchwab Strategic Tr	1.1%	1.1%	77,331	+0.0%	$2.3M
DISVDimensional ETF Trust	0.9%	0.8%	44,287	+5.5%	$1.9M
DFASDimensional ETF Trust	0.9%	0.9%	23,473	+0.0%	$1.8M
DFNMDimensional ETF Trust	0.8%	0.9%	35,899	-9.8%	$1.7M
GLDSpdr Gold Tr	0.8%	0.8%	4,278	+0.0%	$1.6M
STLDSteel Dynamics Inc	0.8%	0.8%	7,291	+0.0%	$1.6M
TSLATesla Inc	0.8%	0.9%	4,521	+0.0%	$1.6M
DFIPDimensional ETF Trust	0.7%	0.8%	40,188	+1.4%	$1.6M
NVDANvidia Corporation	0.7%	0.6%	6,471	+0.0%	$1.5M
DFCFDimensional ETF Trust	0.6%	0.7%	32,921	-3.1%	$1.3M
DFAEDimensional ETF Trust	0.6%	0.7%	33,343	-1.8%	$1.3M
DFSVDfa Invt Dimensions Group in	0.6%	—	34,777	—	$1.3M
SCHDSchwab Strategic Tr	0.6%	0.6%	39,910	+0.0%	$1.3M
SCHASchwab Strategic Tr	0.6%	0.7%	39,703	+0.0%	$1.3M
SCHMSchwab Strategic Tr	0.6%	0.6%	36,275	+0.0%	$1.2M
DFGPDimensional ETF Trust	0.5%	0.5%	20,457	+7.8%	$1.1M
GOOGAlphabet Inc	0.5%	0.5%	3,037	+0.0%	$1.0M
AAPLApple Inc	0.4%	0.3%	2,465	+0.0%	$821K
DFGRDimensional ETF Trust	0.4%	0.4%	29,973	+7.6%	$811K
VOOVanguard Index Fds	0.4%	0.4%	1,151	+0.2%	$807K
AIC3 Ai Inc	0.4%	0.3%	70,826	+0.0%	$778K
BRK-ABerkshire Hathaway Inc Del	0.4%	0.4%	1	+0.0%	$747K
SCHZSchwab Strategic Tr	0.3%	0.5%	31,168	-25.4%	$689K
DUHPDfa Invt Dimensions Group in	0.3%	—	16,091	—	$674K
HUMHumana Inc	0.3%	0.3%	1,587	+0.0%	$606K
VTIVanguard Index Fds	0.3%	0.3%	1,527	-1.6%	$572K
IVWIshares Tr	0.3%	0.3%	3,830	+0.0%	$545K
SCHPSchwab Strategic Tr	0.3%	0.3%	21,290	+0.0%	$535K
AFRMAffirm Hldgs Inc	0.2%	0.3%	7,000	+0.0%	$485K
DEDeere & Co	0.2%	0.2%	692	+0.0%	$464K
ADBEAdobe Inc	0.2%	0.2%	1,920	-4.8%	$461K
JPMJpmorgan Chase & Co	0.2%	0.2%	1,389	+0.0%	$460K
DFISDimensional ETF Trust	0.2%	0.2%	12,356	+1.0%	$448K
MCOMoodys Corp	0.2%	0.2%	964	+0.0%	$438K
ORCLOracle Corp	0.2%	0.2%	3,048	+5.6%	$418K
VTEBVanguard Mun Bd Fds	0.2%	—	8,739	—	$414K
MARMarriott Intl Inc New	0.2%	0.2%	1,102	+0.0%	$392K
QQQInvesco Qqq Tr	0.2%	0.2%	518	+0.0%	$383K

What Shearwater Capital LLC bought and sold in Q3 2026, against Q2 2026.

New positions

Q2 2026's filing was too long to tell new positions apart.

Added to

Reduced

SCHZ Schwab Strategic Tr-25.4% shares
DFNM Dimensional ETF Trust-9.8% shares

Left the top 50

Share counts compared with the Q2 2026 13F; a split also changes share counts. The latest filing lists more than 50 positions, so a position that left the top 50 may still be held.

How the holdings did against the S&P 500.

1 year: +14.6% /yr; S&P 500 +11.7%
3 years: +19.6% /yr; S&P 500 +22.3%
5 years: +8.1% /yr; S&P 500 +12.6%

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.

13F value by quarter
Quarter	13F value	Positions
Q3 2026	$211.2M	71
Q2 2026	$209.4M	65
Q1 2026	$190.7M	71
Q4 2025	$174.2M	53
Q3 2025	$168.5M	50
Q2 2025	$159.0M	50
Q1 2025	$142.3M	45
Q4 2024	$147.4M	45
Q3 2024	$145.0M	47
Q2 2024	$136.1M	43
Q1 2024	$135.7M	43
Q4 2023	$125.9M	42

Questions about Shearwater Capital LLC's portfolio

What stocks does Shearwater Capital LLC own?

Shearwater Capital LLC's latest 13F, for Q3 2026 and filed Oct 13, 2026, lists 71 positions worth $211.2M. The largest are Dimensional ETF Trust (DFAC) at 35.2%, Dimensional ETF Trust (DFAX) at 15.7%, Dimensional ETF Trust (DFIV) at 9.0%, Docusign Inc (DOCU) at 3.6% and Dimensional ETF Trust (DFUV) at 3.2%.

What did Shearwater Capital LLC buy last quarter?

In Q3 2026, Shearwater Capital LLC added Dimensional ETF Trust (DFEM) (+12.8% shares), Dimensional ETF Trust (DFGP) (+7.8% shares) and Dimensional ETF Trust (DFGR) (+7.6% shares), compared with its Q2 2026 filing.

What did Shearwater Capital LLC sell last quarter?

In Q3 2026, Shearwater Capital LLC cut from its top 50 Dimensional US Small Cap (DFSV), cut from its top 50 Dimensional ETF Trust (DUHP), cut from its top 50 Schwab Strategic Tr (SCHF), Schwab Strategic Tr (SCHZ) (-25.4% shares) and Dimensional ETF Trust (DFNM) (-9.8% shares), compared with its Q2 2026 filing.

How has Shearwater Capital LLC's portfolio performed?

A portfolio copying Shearwater Capital LLC's 20 largest 13F holdings each quarter, from the day each filing was public, returned +19.6% a year over the last 3 years, against +22.3% for the S&P 500. Over 1 year: +14.6% against +11.7%. Over 5 years: +8.1% a year against +12.6%.

When is Shearwater Capital LLC's next 13F filing due?

13F filings are due 45 days after each quarter ends. Shearwater Capital LLC's filing for the quarter ending Dec 31, 2026 is due by Feb 14, 2027; this page updates the day after it is published.

How much money does Shearwater Capital LLC manage?

Shearwater Capital LLC reported $427.3M of regulatory assets under management on its latest SEC Form ADV. Its 13F, which covers only US-listed stocks and options, totals $211.2M.