Shearwater Capital LLC
CIK 1905665 · View on SEC EDGAR ↗
- Portfolio value
- $209.4M
- Positions
- 65
- As of
- June 30, 2026
#6,309 of 9,443 by 13F value · top 66.8%
Portfolio value QoQ: +9.8% 13F does not disclose cash
- Top 10 holdings weight
- 77.14%
- Top 25 holdings weight
- 90.02%
- Positions above 1%
- 13
- Effective number of positions
- 5.8
Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)
Turnover Q2 2026: 1.48% Est. buys $2,966,567 · sells $3,769,476
Median holding: 7.0 quarters Tracked Q4 2024–Q2 2026 · 89.0% still held
- New positions
- 2
- Increased
- 14
- Decreased
- 19
- Closed
- 8
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
4.3%
Retail
1.6%
Consumer Discretionary
1.1%
Materials
0.8%
Communication Services
0.5%
Health Care
0.5%
Financial Services
0.5%
Industrials
0.5%
Financials
0.2%
Energy
0.1%
Other/Unmapped
89.8%
Full portfolio 65 positions
| Type | Streak | 8Q trend | |||||
|---|---|---|---|---|---|---|---|
| DFAC | $76,004,491 | 36.29% | 1,713,356 | $9,790,195 | Up ×2 | ||
| DFAX | $33,921,149 | 16.20% | 920,770 | $3,224,279 | Up ×6 | ||
| DFIV | $18,500,650 | 8.83% | 342,478 | $424,673 | |||
| DFUV | $6,779,491 | 3.24% | 123,241 | $331,303 | Down ×4 | ||
| DFAT | $5,739,528 | 2.74% | 82,111 | $611,724 | |||
| BRKB | $5,237,582 | 2.50% | 10,467 | $221,796 | |||
| DOCU DocuSign, Inc. - Common Stock | $5,038,472 | 2.41% | 113,428 | $-339,149 | |||
| DFEM | $3,830,773 | 1.83% | 94,261 | $943,075 | Up ×2 | ||
| AMZN Amazon.com, Inc. - Common Stock | $3,427,091 | 1.64% | 14,379 | $396,554 | Down ×1 | ||
| DFAI | $3,071,867 | 1.47% | 74,469 | $170,774 | Up ×1 | ||
| DFUS | $2,830,453 | 1.35% | 34,543 | $-68,849 | Down ×1 | ||
| IVV | $2,668,942 | 1.27% | 3,564 | $265,204 | Down ×1 | ||
| SCHX | $2,275,849 | 1.09% | 77,331 | $293,084 | |||
| DFAS | $1,932,643 | 0.92% | 23,472 | $263,115 | |||
| DFNM | $1,923,274 | 0.92% | 39,791 | $-191,182 | Down ×2 | ||
| TSLA Tesla, Inc. - Common Stock | $1,901,533 | 0.91% | 4,521 | $217,134 | Down ×1 | ||
| DISV | $1,684,222 | 0.80% | 41,969 | $462,905 | Up ×6 | ||
| STLD Steel Dynamics, Inc. - Common Stock | $1,672,938 | 0.80% | 7,291 | $360,601 | |||
| DFIP | $1,635,603 | 0.78% | 39,646 | $-139,120 | Down ×1 | ||
| GLD | $1,575,930 | 0.75% | 4,278 | $-264,851 | |||
| DFCF | $1,434,642 | 0.69% | 33,988 | $-6,507 | Down ×3 | ||
| SCHA | $1,434,478 | 0.68% | 39,703 | $279,908 | |||
| DFAE | $1,365,944 | 0.65% | 33,970 | $216,037 | Up ×2 | ||
| SCHM | $1,337,446 | 0.64% | 36,275 | $214,383 | |||
| DFSV | $1,299,576 | 0.62% | 33,503 | $232,237 | Up ×2 | ||
| NVDA NVIDIA Corporation - Common Stock | $1,294,790 | 0.62% | 6,471 | $82,701 | Down ×1 | ||
| SCHD | $1,265,561 | 0.60% | 39,910 | $41,107 | |||
| GOOG Alphabet Inc. - Class C Capital Stock | $1,073,107 | 0.51% | 3,037 | $196,717 | Down ×1 | ||
| DFGP Dimensional Global Core Plus Fixed Income ETF | $1,033,446 | 0.49% | 18,976 | $106,292 | Up ×4 | ||
| SCHZ | $966,570 | 0.46% | 41,789 | $-3,761 | |||
| DFGR | $806,662 | 0.39% | 27,845 | $147,071 | Up ×6 | ||
| VOO | $789,138 | 0.38% | 1,149 | $103,930 | Up ×2 | ||
| BRKA | $748,850 | 0.36% | 1 | $30,710 | |||
| AAPL Apple Inc. - Common Stock | $713,272 | 0.34% | 2,465 | $8,642 | Down ×1 | ||
| DUHP | $691,633 | 0.33% | 16,574 | $82,373 | |||
| AI C3.ai, Inc. Class A Common Stock | $643,808 | 0.31% | 70,826 | $77,344 | Up ×1 | ||
| HUM Humana Inc. Common Stock | $630,556 | 0.30% | 1,587 | $355,313 | |||
| VTI | $574,414 | 0.27% | 1,552 | $77,146 | Up ×2 | ||
| AFRM Affirm Holdings, Inc. - Class A Common Stock | $570,850 | 0.27% | 7,000 | $250,110 | |||
| SCHP | $564,180 | 0.27% | 21,290 | $-2,342 | |||
| IVW | $526,740 | 0.25% | 3,830 | $93,529 | |||
| JPM JP Morgan Chase & Co. Common Stock | $454,661 | 0.22% | 1,389 | $41,955 | Down ×1 | ||
| DE Deere & Company Common Stock | $438,750 | 0.21% | 692 | $49,130 | |||
| MCO Moody's Corporation Common Stock | $436,704 | 0.21% | 964 | $16,073 | |||
| DFIS | $428,732 | 0.20% | 12,239 | Up ×1 | |||
| ORCL Oracle Corporation Common Stock | $422,786 | 0.20% | 2,885 | $41,929 | Up ×2 | ||
| ADBE Adobe Inc. - Common Stock | $413,320 | 0.20% | 2,016 | $-77,215 | Down ×1 | ||
| MAR Marriott International - Class A Common Stock | $408,390 | 0.19% | 1,102 | $47,305 | Down ×1 | ||
| QQQ Invesco QQQ Trust, Series 1 | $381,455 | 0.18% | 518 | $82,476 | |||
| SCHF | $369,174 | 0.18% | 13,328 | $39,317 | |||
| STE STERIS plc (Ireland) Ordinary Shares | $356,758 | 0.17% | 1,694 | $-17,892 | |||
| CMI Cummins Inc. Common Stock | $356,605 | 0.17% | 500 | $87,595 | |||
| XLI XLI | $351,196 | 0.17% | 1,896 | $44,556 | |||
| SCHV | $347,821 | 0.17% | 9,992 | $43,065 | |||
| DFSD | $338,566 | 0.16% | 7,090 | $-68,169 | Down ×1 | ||
| DFAU | $321,770 | 0.15% | 6,225 | $40,898 | |||
| AVGO Broadcom Inc. - Common Stock | $321,088 | 0.15% | 850 | $53,052 | Down ×1 | ||
| NET Cloudflare, Inc. Class A Common Stock | $255,091 | 0.12% | 1,040 | $39,878 | Down ×1 | ||
| BA Boeing Company (The) Common Stock | $251,105 | 0.12% | 1,160 | $-79,484 | Down ×1 | ||
| DIHP | $238,124 | 0.11% | 6,978 | $13,293 | |||
| XOM Exxon Mobil Corporation Common Stock | $236,662 | 0.11% | 1,731 | $-57,019 | |||
| DFCA | $236,298 | 0.11% | 4,709 | $27,626 | Up ×1 | ||
| DFEV | $226,733 | 0.11% | 5,314 | $-22,546 | Down ×1 | ||
| EFV | $221,842 | 0.11% | 2,898 | $6,376 | |||
| SCHE | $204,149 | 0.10% | 5,630 | Up ×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 |
|---|---|---|---|
| DFAX | $33,921,149 | 16.20% | up ×6 |
| DISV | $1,684,222 | 0.80% | up ×6 |
| DFGP | $1,033,446 | 0.49% | up ×4 |
| DFGR | $806,662 | 0.39% | up ×6 |
Biggest new bets
New positions opened this quarter, largest first.
| Security | Value | Shares | % of portfolio |
|---|---|---|---|
| DFIS | $428,732 | 12,239 | 0.20% |
| SCHE | $204,149 | 5,630 | 0.10% |
Top movers (QoQ)
| Security | Action | Shares Δ | Value Δ |
|---|---|---|---|
| DFAC | Bought more | +9K | +$9.8M |
| DFAX | Bought more | +17K | +$3.2M |
| DFEM | Bought more | +11K | +$943K |
| DFAT | Price move only | +0 | +$612K |
| DISV | Bought more | +11K | +$463K |
| DFIV | Price move only | +0 | +$425K |
| AMZN | Trimmed | -172 | +$397K |
| STLD | Price move only | +0 | +$361K |
| HUM | Price move only | +0 | +$355K |
| DOCU | Price move only | +0 | -$339K |
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 |
|---|---|---|---|---|
| DUHP | March 31, 2025 | 12,042 | $406,899 | No longer tracked |
| DFGP | March 31, 2025 | 5,803 | $306,572 | |
| BLK | June 30, 2026 | 281 | $270,341 | 20.3% |
| LMT | June 30, 2026 | 409 | $247,196 | 11.6% |
| VO | June 30, 2026 | 774 | $222,300 | No longer tracked |
| V | June 30, 2026 | 723 | $218,563 | 7.2% |
| MGK | June 30, 2026 | 592 | $217,601 | No longer tracked |
| VUG | June 30, 2026 | 477 | $208,371 | No longer tracked |
| FANG | June 30, 2026 | 1,042 | $206,037 | 20.4% |
| XOM | June 30, 2025 | 1,731 | $205,868 | 54.4% |
| MSFT | June 30, 2026 | 545 | $201,577 | 29.2% |