Great Waters Wealth Management
CIK 1964535 · View on SEC EDGAR ↗
- Portfolio value
- $1.1B
- Positions
- 127
- As of
- June 30, 2026
#2,330 of 9,443 by 13F value · top 24.7%
Portfolio value QoQ: +14.2% 13F does not disclose cash
- Top 10 holdings weight
- 86.92%
- Top 25 holdings weight
- 93.73%
- Positions above 1%
- 11
- Effective number of positions
- 8.1
Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)
Turnover Q2 2026: 0.86% Est. buys $54,936,498 · sells $8,665,397
Median holding: 7.0 quarters Tracked Q4 2024–Q2 2026 · 89.4% still held
- New positions
- 7
- Increased
- 51
- Decreased
- 43
- Closed
- 1
On this page
- Sector breakdown How the portfolio splits across market sectors.
- Portfolio Every stock this institution reports holding, from its latest 13F.
- High-conviction bets The holdings this manager is most concentrated in.
- Biggest new bets Brand-new positions opened in the latest quarter.
- Top moves The biggest position increases and decreases this quarter.
- Exited positions Positions the manager fully sold out of last quarter.
Sector breakdown
Technology
2.7%
Health Care
1.4%
Industrials
1.1%
Retail
0.5%
Consumer Discretionary
0.2%
Communication Services
0.2%
Financials
0.2%
Utilities
0.1%
Materials
0.1%
Consumer products
0.1%
Real Estate
0.1%
Consumer Staples
0.1%
Energy
0.1%
Communications
0.0%
Financial Services
0.0%
Diversified Consumer Services
0.0%
Other/Unmapped
93.2%
Full portfolio 127 positions
| Type | Streak | 8Q trend | |||||
|---|---|---|---|---|---|---|---|
| DFUS | $240,466,688 | 22.28% | 2,934,668 | $40,649,160 | Up ×5 | ||
| DFAX | $186,192,266 | 17.25% | 5,054,079 | $20,185,903 | Up ×4 | ||
| DFCF | $161,814,375 | 14.99% | 3,833,555 | $15,249,828 | Up ×5 | ||
| DFAS | $94,701,711 | 8.78% | 1,150,130 | $16,702,419 | Up ×5 | ||
| DFSD | $93,072,932 | 8.62% | 1,949,171 | $7,658,644 | Up ×5 | ||
| DFAT | $62,096,122 | 5.75% | 888,357 | $8,800,718 | Up ×5 | ||
| BND Vanguard Total Bond Market ETF | $28,852,328 | 2.67% | 393,030 | $-1,329,933 | Down ×6 | ||
| DFGR | $27,571,798 | 2.55% | 951,736 | $3,959,011 | Up ×5 | ||
| IWM | $21,887,817 | 2.03% | 72,850 | $2,606,344 | Down ×6 | ||
| DFIC | $21,405,286 | 1.98% | 574,484 | $-659,904 | Down ×6 | ||
| DFAC | $12,869,388 | 1.19% | 290,112 | $1,422,615 | Down ×2 | ||
| AAPL Apple Inc. - Common Stock | $8,910,884 | 0.83% | 30,795 | $1,334,853 | Up ×1 | ||
| DFAE | $8,595,724 | 0.80% | 213,771 | $586,713 | Down ×6 | ||
| UNH UnitedHealth Group Incorporated Common Stock (DE) | $8,570,088 | 0.79% | 20,620 | $3,500,317 | Up ×2 | ||
| NVDA NVIDIA Corporation - Common Stock | $6,870,127 | 0.64% | 34,335 | $870,337 | Down ×3 | ||
| MMM 3M Company Common Stock | $3,951,272 | 0.37% | 24,404 | $388,876 | Down ×1 | ||
| MU Micron Technology, Inc. - Common Stock | $3,829,942 | 0.35% | 3,318 | $2,708,649 | Down ×2 | ||
| VTEB | $2,868,094 | 0.27% | 56,704 | $19,428 | Down ×1 | ||
| SCHB | $2,750,347 | 0.25% | 94,971 | $359,266 | Down ×6 | ||
| DCI Donaldson Company, Inc. Common Stock | $2,712,760 | 0.25% | 30,219 | $148,073 | |||
| SPGM | $2,612,045 | 0.24% | 30,490 | $227,768 | Down ×2 | ||
| IWF | $2,486,123 | 0.23% | 20,022 | $341,807 | Up ×1 | ||
| SCHD | $2,451,779 | 0.23% | 77,319 | $-25,737 | Down ×2 | ||
| EFA | $2,023,139 | 0.19% | 19,476 | $143,806 | Up ×1 | ||
| MSFT Microsoft Corporation - Common Stock | $1,982,032 | 0.18% | 5,313 | $109,460 | Up ×2 | ||
| TER Teradyne, Inc. - Common Stock | $1,941,166 | 0.18% | 4,012 | $751,768 | |||
| IWD | $1,905,118 | 0.18% | 7,858 | $229,822 | Up ×1 | ||
| TSLA Tesla, Inc. - Common Stock | $1,847,275 | 0.17% | 4,392 | $190,757 | Down ×1 | ||
| HON Honeywell International Inc. - Common Stock | $1,826,576 | 0.17% | 8,158 | $-1,945,142 | Down ×5 | ||
| ACWI iShares MSCI ACWI ETF | $1,824,498 | 0.17% | 11,623 | $167,803 | Down ×2 | ||
| SCHF | $1,805,994 | 0.17% | 65,198 | $196,195 | Up ×1 | ||
| AMD Advanced Micro Devices, Inc. - Common Stock | $1,796,755 | 0.17% | 3,093 | $1,167,546 | |||
| CORP | $1,749,350 | 0.16% | 18,053 | $-52,139 | Down ×2 | ||
| AMZN Amazon.com, Inc. - Common Stock | $1,735,146 | 0.16% | 7,280 | $453,842 | Up ×2 | ||
| COST Costco Wholesale Corporation - Common Stock | $1,694,858 | 0.16% | 1,812 | $-9,242 | Up ×1 | ||
| SPLV | $1,693,975 | 0.16% | 22,616 | $-2,542 | Down ×2 | ||
| SCHG | $1,586,256 | 0.15% | 46,875 | $289,801 | Up ×1 | ||
| SRLN | $1,522,424 | 0.14% | 37,787 | $-58,229 | Down ×2 | ||
| SCHA | $1,467,650 | 0.14% | 40,621 | $235,964 | Down ×2 | ||
| SCHO | $1,336,206 | 0.12% | 55,352 | $-75,060 | Down ×2 | ||
| SCHM | $1,312,493 | 0.12% | 35,598 | $178,491 | Down ×2 | ||
| SPY SPY | $1,173,412 | 0.11% | 1,571 | $530,550 | Up ×3 | ||
| VGSH Vanguard Short-Term Treasury ETF | $1,101,579 | 0.10% | 18,927 | $6,127 | Up ×2 | ||
| MDT Medtronic plc. Ordinary Shares | $1,055,082 | 0.10% | 13,487 | $45,963 | Up ×1 | ||
| SCHZ | $1,035,801 | 0.10% | 44,782 | $-16,983 | Down ×4 | ||
| IVV | $1,009,199 | 0.09% | 1,348 | $149,034 | Up ×2 | ||
| LLY Eli Lilly and Company Common Stock | $936,880 | 0.09% | 781 | $248,832 | Up ×1 | ||
| TT Trane Technologies plc | $908,155 | 0.08% | 1,849 | $137,603 | |||
| BRKB | $884,581 | 0.08% | 1,768 | $37,459 | |||
| IFLN | $870,031 | 0.08% | 47,569 | $-615 | Down ×2 | ||
| GOOGL Alphabet Inc. - Class A Common Stock | $840,417 | 0.08% | 2,352 | $171,080 | Up ×1 | ||
| LRCX Lam Research Corporation - Common Stock | $815,121 | 0.08% | 1,881 | $413,232 | |||
| XEL Xcel Energy Inc. - Common Stock | $813,719 | 0.08% | 10,133 | $-17,076 | Down ×2 | ||
| ECL Ecolab Inc. Common Stock | $801,446 | 0.07% | 2,877 | $425,413 | Up ×1 | ||
| FICO Fair Isaac Corporation Common Stock | $761,075 | 0.07% | 637 | $81,052 | |||
| QQQ Invesco QQQ Trust, Series 1 | $759,228 | 0.07% | 1,031 | $164,155 | |||
| MCK McKesson Corporation Common Stock | $741,999 | 0.07% | 982 | $-107,785 | |||
| DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund | $680,226 | 0.06% | 16,652 | $107,673 | Down ×2 | ||
| VGK | $652,096 | 0.06% | 7,365 | $3,967 | Down ×4 | ||
| DAL Delta Air Lines, Inc. Common Stock | $650,375 | 0.06% | 6,944 | $218,091 | Up ×3 | ||
| CL Colgate-Palmolive Company Common Stock | $646,619 | 0.06% | 7,053 | $45,918 | Up ×1 | ||
| GOOG Alphabet Inc. - Class C Capital Stock | $620,531 | 0.06% | 1,756 | $357,771 | Up ×2 | ||
| PFE Pfizer, Inc. Common Stock | $611,120 | 0.06% | 25,379 | $-105,280 | Down ×3 | ||
| MCD McDonald's Corporation Common Stock | $603,228 | 0.06% | 2,232 | $-89,337 | Up ×1 | ||
| VTI | $579,605 | 0.05% | 1,566 | $69,073 | Down ×6 | ||
| JNJ Johnson & Johnson Common Stock | $551,881 | 0.05% | 2,173 | $24,688 | Up ×2 | ||
| CAT Caterpillar, Inc. Common Stock | $546,357 | 0.05% | 513 | $185,003 | Up ×1 | ||
| DIA | $538,249 | 0.05% | 1,030 | Up ×1 | |||
| TSM Taiwan Semiconductor Manufacturing Company Ltd. | $520,551 | 0.05% | 1,090 | $150,158 | Down ×6 | ||
| PCY | $508,553 | 0.05% | 23,490 | $2,608 | Down ×3 | ||
| TTC Toro Company (The) Common Stock | $481,937 | 0.04% | 4,947 | $19,689 | |||
| OHI Omega Healthcare Investors, Inc. Common Stock | $476,800 | 0.04% | 10,000 | $38,600 | |||
| AMAT Applied Materials, Inc. - Common Stock | $474,288 | 0.04% | 656 | $250,416 | Up ×1 | ||
| ITOT | $463,563 | 0.04% | 2,822 | $50,522 | Down ×1 | ||
| CSCO Cisco Systems, Inc. - Common Stock | $453,939 | 0.04% | 3,865 | $155,568 | Up ×1 | ||
| TRV The Travelers Companies, Inc. Common Stock | $453,781 | 0.04% | 1,375 | $42,239 | Down ×1 | ||
| WMT Walmart Inc. - Common Stock | $450,548 | 0.04% | 3,978 | $13,468 | Up ×1 | ||
| MO Altria Group, Inc. | $448,946 | 0.04% | 6,240 | $90,119 | Up ×2 | ||
| SOLV Solventum Corporation Common Stock | $429,571 | 0.04% | 5,568 | $62,520 | Down ×1 | ||
| ENTG Entegris, Inc. - Common Stock | $427,887 | 0.04% | 2,379 | $148,973 | |||
| FITB Fifth Third Bancorp - Common Stock | $426,157 | 0.04% | 7,560 | $74,919 | |||
| PEP PepsiCo, Inc. - Common Stock | $411,666 | 0.04% | 3,040 | $-29,064 | Up ×2 | ||
| GMF | $407,154 | 0.04% | 2,594 | $50,181 | Down ×2 | ||
| HD Home Depot, Inc. (The) Common Stock | $391,561 | 0.04% | 1,110 | $29,142 | Up ×1 | ||
| INTC Intel Corporation - Common Stock | $390,629 | 0.04% | 2,798 | Up ×1 | |||
| VOO | $377,745 | 0.04% | 550 | $95,025 | Up ×4 | ||
| AMP Ameriprise Financial, Inc. Common Stock | $375,578 | 0.03% | 819 | $11,756 | |||
| SOLS Solstice Advanced Materials Inc. - Common Stock | $374,938 | 0.03% | 4,232 | $52,673 | Up ×1 | ||
| ABT Abbott Laboratories Common Stock | $363,868 | 0.03% | 4,010 | $-45,927 | Up ×1 | ||
| ABBV AbbVie Inc. Common Stock | $363,093 | 0.03% | 1,443 | $105,372 | Up ×3 | ||
| AVGO Broadcom Inc. - Common Stock | $360,016 | 0.03% | 953 | $70,934 | Up ×1 | ||
| COR Cencora, Inc. Common Stock | $355,989 | 0.03% | 1,258 | $-39,199 | |||
| GIS General Mills, Inc. Common Stock | $355,830 | 0.03% | 10,225 | $-23,197 | Up ×1 | ||
| ACVF | $348,388 | 0.03% | 6,389 | $28,613 | Down ×1 | ||
| USB U.S. Bancorp Common Stock | $347,465 | 0.03% | 5,753 | $41,069 | Down ×2 | ||
| META Meta Platforms, Inc. - Class A Common Stock | $342,325 | 0.03% | 608 | $-6,478 | Down ×1 | ||
| IGM | $331,740 | 0.03% | 2,028 | $91,402 | |||
| SCHE | $330,696 | 0.03% | 9,120 | $30,820 | Up ×1 | ||
| ROST Ross Stores, Inc. - Common Stock | $330,343 | 0.03% | 1,552 | $-6,083 | Down ×1 | ||
| VEA | $330,030 | 0.03% | 4,632 | $11,937 | Down ×1 | ||
| No matches | |||||||
Conviction holdings
Positions increased for 3+ consecutive quarters.
Share counts are as reported in 13F filings (not split-adjusted)
| Security | Value | % of portfolio | Streak |
|---|---|---|---|
| DFUS | $240,466,688 | 22.28% | up ×5 |
| DFAX | $186,192,266 | 17.25% | up ×4 |
| DFCF | $161,814,375 | 14.99% | up ×5 |
| DFAS | $94,701,711 | 8.78% | up ×5 |
| DFSD | $93,072,932 | 8.62% | up ×5 |
| DFAT | $62,096,122 | 5.75% | up ×5 |
| DFGR | $27,571,798 | 2.55% | up ×5 |
| SPY | $1,173,412 | 0.11% | up ×3 |
| DAL | $650,375 | 0.06% | up ×3 |
| VOO | $377,745 | 0.04% | up ×4 |
| ABBV | $363,093 | 0.03% | up ×3 |
Biggest new bets
New positions opened this quarter, largest first.
Top movers (QoQ)
| Security | Action | Shares Δ | Value Δ |
|---|---|---|---|
| DFUS | Bought more | +117K | +$40.6M |
| DFAX | Bought more | +167K | +$20.2M |
| DFAS | Bought more | +54K | +$16.7M |
| DFCF | Bought more | +362K | +$15.2M |
| DFAT | Bought more | +35K | +$8.8M |
| DFSD | Bought more | +165K | +$7.7M |
| DFGR | Bought more | +63K | +$4.0M |
| UNH | Bought more | +2K | +$3.5M |
| MU | Trimmed | -1 | +$2.7M |
| IWM | Trimmed | -5K | +$2.6M |
Exited positions
Includes corporate events (mergers, delistings) — not all exits are sells
Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.
| Security | Quarter | Shares before | Value before | Price since exit |
|---|---|---|---|---|
| HWKN | March 31, 2025 | 15,609 | $1,914,782 | 16.3% |
| CNI | March 31, 2025 | 4,708 | $477,909 | 30.9% |
| XOM | March 31, 2025 | 4,168 | $448,354 | 40.8% |
| AVGO | March 31, 2025 | 1,780 | $412,677 | 117.5% |
| CMA | March 31, 2026 | 4,051 | $352,153 | No longer tracked |
| DHR | March 31, 2025 | 1,358 | $311,729 | 4.7% |
| RTX | Dec. 31, 2025 | 1,497 | $250,423 | 18.5% |
| V | March 31, 2025 | 775 | $245,003 | 4.9% |
| UNFI | June 30, 2026 | 5,352 | $241,161 | 0.0% |
| IBM | March 31, 2026 | 733 | $217,122 | -2.6% |
| BAC | March 31, 2025 | 4,927 | $216,542 | 50.7% |
| TT | March 31, 2025 | 586 | $216,439 | 34.8% |
| TRI | Sept. 30, 2025 | 1,073 | $215,812 | -31.3% |
| IGM | March 31, 2025 | 2,040 | $208,264 | No longer tracked |
| ENTG | June 30, 2025 | 2,379 | $208,115 | 76.9% |
| VUG | March 31, 2026 | 423 | $206,365 | No longer tracked |
| ADBE | Sept. 30, 2025 | 528 | $204,273 | -22.4% |
| SCHX | March 31, 2025 | 8,780 | $203,532 | No longer tracked |
| MA | March 31, 2025 | 386 | $203,281 | 5.2% |
| OTTR | March 31, 2025 | 2,739 | $202,242 | 14.8% |
| IBM | March 31, 2025 | 919 | $201,942 | -5.1% |
| UNFI | Dec. 31, 2025 | 5,352 | $201,342 | 35.6% |
| GOGL | Sept. 30, 2025 | 10,000 | $73,200 | No longer tracked |