Watershed Asset Management, L.L.C.

CIK 1315926 · View on SEC EDGAR ↗

Portfolio value
$111.8M
#8,173 of 9,443 by 13F value · top 86.6%
Positions
116
As of
June 30, 2026

Portfolio value QoQ: +15.9% 13F does not disclose cash

Top 10 holdings weight
36.64%
Top 25 holdings weight
58.94%
Positions above 1%
19
Effective number of positions
49.8

Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)

Turnover Q2 2026: 30.83% Est. buys $36,800,508 · sells $32,109,279

New positions
27
Increased
37
Decreased
31
Closed
29
On this page

Sector breakdown

Technology
23.5%
Retail
11.1%
Financial Services
10.6%
Health Care
10.6%
Industrials
10.6%
Communication Services
6.8%
Financials
5.8%
Consumer Discretionary
4.2%
Utilities
1.0%
Telecommunication
0.9%
Consumer products
0.8%
Diversified Consumer Services
0.4%
Consumer Staples
0.3%
Other/Unmapped
13.4%

Full portfolio 116 positions

Type Streak 8Q trend
V Visa Inc. $5,352,204 4.79% 15,600 $1,105,732 Up ×1
VEU $5,283,871 4.73% 63,091 $-404,128 Down ×1
TMO Thermo Fisher Scientific Inc Common Stock $4,587,444 4.10% 9,150 $1,146,734 Up ×2
AMZN Amazon.com, Inc. - Common Stock $4,480,792 4.01% 18,800 $1,440,050 Up ×1
MCO Moody's Corporation Common Stock $4,189,510 3.75% 9,250 $1,135,760 Up ×1
EWW $4,026,945 3.60% 53,500 $2,140
META Meta Platforms, Inc. - Class A Common Stock $3,597,733 3.22% 6,387 $687,308 Up ×2
TSM Taiwan Semiconductor Manufacturing Company Ltd. $3,534,018 3.16% 7,400 Up ×1
TAN $3,194,100 2.86% 54,000 $1,188,540 Up ×1
SE Sea Limited American Depositary Shares, each representing one Class A Ordinary Share $2,711,989 2.43% 28,300
AMAT Applied Materials, Inc. - Common Stock $2,711,250 2.43% 3,750 $-193,965 Down ×1
RGEN Repligen Corporation - Common Stock $2,565,072 2.29% 18,800 Up ×1
INDA $2,469,500 2.21% 50,000 $127,500
DASH DoorDash, Inc. - Common Stock $2,417,343 2.16% 13,100 Up ×1
ADI Analog Devices, Inc. - Common Stock $2,383,020 2.13% 6,000 Up ×1
SHOP Shopify Inc. - Class A Subordinate Voting Shares $2,295,018 2.05% 20,100 Up ×1
KLAC KLA Corporation - Common Stock $2,232,654 2.00% 7,400 $-64,306 Up ×1
WRBY Warby Parker Inc. Class A Common Stock $2,138,970 1.91% 70,500 $653,535
TER Teradyne, Inc. - Common Stock $2,104,704 1.88% 4,350 $-533,790 Down ×1
CXT Crane NXT, Co. Common Stock $625,073 0.56% 12,218
QLYS Qualys, Inc. - Common Stock $600,281 0.54% 4,366 Up ×1
PGY Pagaya Technologies Ltd. - Class A Ordinary Shares $598,600 0.54% 32,800 $135,373 Down ×1
NSIT Insight Enterprises, Inc. - Common Stock $596,698 0.53% 4,899 Up ×1
RNG RingCentral, Inc. Class A Common Stock $596,277 0.53% 15,297 Up ×1
CCSI Consensus Cloud Solutions, Inc. - Common Stock $594,835 0.53% 15,592 Up ×1
CDW CDW Corporation - Common Stock $585,062 0.52% 4,160 $152,173 Up ×2
EEFT Euronet Worldwide, Inc. - Common Stock $581,861 0.52% 7,950 $135,788 Up ×2
GDDY GoDaddy Inc. Class A Common Stock $581,258 0.52% 6,848 Up ×1
FIVN Five9, Inc. - Common Stock $579,286 0.52% 27,171 Up ×1
AMKR Amkor Technology, Inc. - Common Stock $579,121 0.52% 6,716 $125,849 Down ×2
DVA DaVita Inc. Common Stock $576,223 0.52% 2,590 $114,692 Down ×1
BLKB Blackbaud, Inc. - Common Stock $574,391 0.51% 19,392 Up ×1
WEX WEX Inc. common stock $570,427 0.51% 4,043 $116,357 Up ×1
CARG CarGurus, Inc. - Class A Common Stock $568,826 0.51% 16,686 $119,672 Up ×1
ADBE Adobe Inc. - Common Stock $565,650 0.51% 2,759 $102,096 Up ×1
JBL Jabil Inc. Common Stock $564,343 0.50% 1,464 $116,491 Down ×2
VMD Viemed Healthcare, Inc. - Common Shares $564,152 0.50% 49,487 $124,678 Up ×1
PLAB Photronics, Inc. - Common Stock $563,420 0.50% 17,320 Up ×1
CNXN PC Connection, Inc. - Common Stock $560,563 0.50% 7,680 Up ×1
DBD Diebold Nixdorf Incorporated Common stock $558,751 0.50% 6,572 $126,027 Up ×1
PLUS ePlus inc. - Common Stock $557,558 0.50% 6,699 $122,312 Up ×2
KRNY Kearny Financial - Common Stock $557,345 0.50% 58,916 $112,529
CASS Cass Information Systems, Inc - Common Stock $554,615 0.50% 10,807 Up ×1
CPAY Corpay, Inc. Common Stock $553,228 0.49% 1,660 $107,722 Up ×2
IBEX IBEX Limited - Common Share $547,176 0.49% 18,017 $94,535 Up ×1
BDC Belden Inc Common Stock $546,670 0.49% 4,559 $122,029 Up ×1
CRM Salesforce, Inc. Common Stock $546,430 0.49% 3,488 Up ×1
SKYW SkyWest, Inc. - Common Stock $545,520 0.49% 5,492 $73,330 Up ×2
OSIS OSI Systems, Inc. - Common Stock $543,470 0.49% 2,485 Up ×1
COLL Collegium Pharmaceutical, Inc. - Common Stock $541,914 0.48% 14,970 $92,890 Up ×2
EPAM EPAM Systems, Inc. Common Stock $539,104 0.48% 6,794 Up ×1
CARS Cars.com Inc. Common Stock $535,885 0.48% 48,984 Up ×1
ZM Zoom Communications, Inc. - Class A Common Stock $535,554 0.48% 6,205 $51,687 Up ×2
CRUS Cirrus Logic, Inc. - Common Stock $534,411 0.48% 3,598 $47,620 Up ×1
GEN Gen Digital Inc. - Common Stock $533,094 0.48% 21,418 $107,159 Down ×1
AVT Avnet, Inc. - Common Stock $532,387 0.48% 5,994 $100,123 Down ×2
EBF Ennis, Inc. Common Stock $531,675 0.48% 25,020 $60,007 Up ×1
NTAP NetApp, Inc. - Common Stock $530,053 0.47% 3,425 $67,455 Down ×1
IDT IDT Corporation Class B Common Stock $529,954 0.47% 9,112 $82,555
TILE Interface, Inc. - Common Stock $528,425 0.47% 14,744 $59,231 Down ×1
R Ryder System, Inc. Common Stock $527,276 0.47% 1,999 $31,673 Down ×1
BUSE First Busey Corporation - Common Stock $524,215 0.47% 17,770 $75,167
VNT Vontier Corporation Common Stock $522,580 0.47% 18,020 $85,058 Up ×1
ANIP ANI Pharmaceuticals, Inc. - Common Stock $519,445 0.46% 6,275 Up ×1
SNX TD SYNNEX Corporation Common Stock $519,442 0.46% 1,943 $74,048 Down ×2
INGM Ingram Micro Holding Corporation Common Stock $517,878 0.46% 18,880 $47,389 Down ×1
CON Concentra Group Holdings Parent, Inc. Common Stock $514,229 0.46% 17,285 $84,114 Down ×2
THC Tenet Healthcare Corporation Common Stock $514,096 0.46% 2,748 $91,952 Up ×1
MAN ManpowerGroup Common Stock $513,675 0.46% 15,211 $-638 Down ×1
UHS Universal Health Services, Inc. Common Stock $512,683 0.46% 3,448 $84,050 Up ×2
PAYC Paycom Software, Inc. Common Stock $511,141 0.46% 4,067 Up ×1
WMK Weis Markets, Inc. Common Stock $510,816 0.46% 6,523 Up ×1
MTCH Match Group, Inc. - Common Stock $510,098 0.46% 13,406 $57,463 Down ×1
IMKTA Ingles Markets, Incorporated - Class A Common Stock $508,892 0.46% 5,745 $65,914 Up ×1
ARW Arrow Electronics, Inc. Common Stock $507,916 0.45% 2,380 $76,826 Down ×2
NGVC Natural Grocers by Vitamin Cottage, Inc. Common Stock $505,719 0.45% 16,303 $115,901 Up ×1
CI The Cigna Group Common Stock $502,565 0.45% 1,823 $60,027 Up ×1
CFFN Capitol Federal Financial, Inc. - Common Stock $501,792 0.45% 58,965 $81,372
SIRI SiriusXM Holdings Inc. - Common Stock $501,648 0.45% 16,982 $67,190 Down ×1
HOPE Hope Bancorp, Inc. - Common Stock $501,427 0.45% 36,654 $92,002
CNOB ConnectOne Bancorp, Inc. - Common Stock $498,323 0.45% 14,902 $59,857 Down ×1
BANC Banc of California, Inc. Common Stock $497,573 0.45% 24,355 $69,412
WSBC WesBanco, Inc. - Common Stock $497,203 0.44% 12,739 $57,835
BBT Beacon Financial Corporation Common stock $496,914 0.44% 16,319 $40,044 Up ×1
DV DoubleVerify Holdings, Inc. Common Stock $488,375 0.44% 45,053 $62,955 Up ×1
VLY Valley National Bancorp - Common Stock $488,343 0.44% 33,334 $79,001
NATR Nature's Sunshine Products, Inc. - Common Stock $487,797 0.44% 22,376 $97,336 Up ×1
KFY Korn Ferry Common Stock $486,700 0.44% 7,310 $-25,902 Down ×1
FRME First Merchants Corporation - Common Stock $486,663 0.44% 11,139 $55,250
RNST Renasant Corporation Common Stock $486,232 0.43% 11,430 $73,266
PB Prosperity Bancshares, Inc. Common Stock $485,211 0.43% 6,644 $38,867
LOCO El Pollo Loco Holdings, Inc. - Common Stock $485,022 0.43% 28,598 $76,970 Down ×2
EVER EverQuote, Inc. - Class A Common Stock $483,318 0.43% 20,316 $47,842 Down ×1
ACEL Accel Entertainment, Inc. $479,760 0.43% 38,046 $64,678
HPQ HP Inc. Common Stock $476,164 0.43% 21,703 $28,033 Down ×1
FNB F.N.B. Corporation Common Stock $474,863 0.42% 24,888 $58,736
DOX Amdocs Limited - Ordinary Shares $464,109 0.42% 9,183 $20,145 Up ×1
INVA Innoviva, Inc. - Common Stock $462,512 0.41% 20,366 $-12,016
VZ Verizon Communications Inc. Common Stock $462,226 0.41% 10,917 $-4,232 Up ×1
DLX Deluxe Corporation Common Stock $461,863 0.41% 19,341 Up ×1

Biggest new bets

New positions opened this quarter, largest first.

Security Value Shares % of portfolio
TSM $3,534,018 7,400 3.16%
SE $2,711,989 28,300 2.43%
RGEN $2,565,072 18,800 2.29%
DASH $2,417,343 13,100 2.16%
ADI $2,383,020 6,000 2.13%
SHOP $2,295,018 20,100 2.05%
CXT $625,073 12,218 0.56%
QLYS $600,281 4,366 0.54%
NSIT $596,698 4,899 0.53%
RNG $596,277 15,297 0.53%
CCSI $594,835 15,592 0.53%
GDDY $581,258 6,848 0.52%
FIVN $579,286 27,171 0.52%
BLKB $574,391 19,392 0.51%
PLAB $563,420 17,320 0.50%

Top movers (QoQ)

Security Action Shares Δ Value Δ
AMZN Bought more +4K +$1.4M
TAN Bought more +18K +$1.2M
TMO Bought more +2K +$1.1M
MCO Bought more +2K +$1.1M
V Bought more +2K +$1.1M
META Bought more +1K +$687K
WRBY Price move only +0 +$654K
TER Trimmed -5K -$534K
VEU Trimmed -13K -$404K
AMAT Trimmed -5K -$194K

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.

SecurityQuarter Shares before Value before Price since exit
MSFT March 31, 2026 9,300 $4,497,666 30.2%
BROS March 31, 2026 57,200 $3,501,784 -2.9%
SPGI March 31, 2026 6,200 $3,240,058 2.0%
MNDY March 31, 2026 20,750 $3,061,870 28.1%
WDC March 31, 2026 17,400 $2,997,498 73.9%
MELI June 30, 2026 1,515 $2,619,465 14.1%
SE March 31, 2026 19,480 $2,485,064 41.0%
INTC June 30, 2026 45,600 $2,012,328 -34.2%
QQQE June 30, 2026 20,200 $1,990,306
NVDA June 30, 2026 10,900 $1,900,960 8.4%
RYN March 31, 2026 84,135 $1,821,523 3.8%
DHR June 30, 2026 9,400 $1,782,240 12.4%
LITE June 30, 2026 2,200 $1,546,072 7.3%
GTLB June 30, 2026 64,000 $1,384,960 33.9%
CAKE March 31, 2026 9,944 $501,973 96.7%
IIIN June 30, 2026 14,890 $500,453 1.7%
DELL June 30, 2026 3,047 $500,104 1.8%
SIG March 31, 2026 5,839 $483,936 -3.0%
T June 30, 2026 16,472 $477,523 22.6%
HUM June 30, 2026 2,735 $474,222 -3.3%
AKAM June 30, 2026 4,101 $471,000 -7.0%
GTM June 30, 2026 77,728 $464,813 32.3%
TNL March 31, 2026 6,585 $464,440 4.1%
PGC June 30, 2026 13,154 $463,152 -4.1%
CPRX March 31, 2026 19,712 $460,078 No longer tracked
DIOD June 30, 2026 6,717 $458,502 -16.8%
SEB March 31, 2026 102 $453,372 No longer tracked
ZD March 31, 2026 12,883 $452,837 31.3%
CTSH June 30, 2026 7,362 $451,659 57.2%
HNI March 31, 2026 10,736 $451,341 44.8%
KR March 31, 2026 7,202 $449,981 -21.2%
FOXA March 31, 2026 6,148 $449,234 16.9%
VITL June 30, 2026 31,778 $448,705 -8.0%
CXT March 31, 2026 9,471 $445,800 23.8%
YELP March 31, 2026 14,630 $444,606 -6.2%
MRK March 31, 2026 4,214 $443,566 26.1%
RIGL June 30, 2026 16,385 $443,050 16.7%
VRSN March 31, 2026 1,819 $441,926 11.6%
DIS March 31, 2026 3,880 $441,428 11.2%
OMC March 31, 2026 5,460 $440,895 14.6%
DG March 31, 2026 3,308 $439,203 2.6%
PENG March 31, 2026 22,415 $438,437 191.8%
FLEX June 30, 2026 6,691 $437,993 -31.2%
C March 31, 2026 3,744 $436,887 16.2%
SNCY March 31, 2026 30,237 $435,110 No longer tracked
PYPL June 30, 2026 9,595 $433,982 44.1%
PLXS June 30, 2026 2,131 $431,613 -18.8%
ACMR March 31, 2026 10,845 $427,835 99.3%
JBSS June 30, 2026 5,387 $427,351 -13.0%
ZBRA March 31, 2026 1,759 $427,120 72.1%
FMBH March 31, 2026 10,907 $425,373 22.8%
HRMY March 31, 2026 11,285 $422,285 37.5%
MKSI June 30, 2026 1,827 $419,863 -36.3%
FIS June 30, 2026 8,810 $413,277 4.9%
QCOM June 30, 2026 3,161 $407,074 -12.9%
ADT March 31, 2026 49,250 $397,448 12.4%
PRGS June 30, 2026 15,335 $393,343 27.4%
TMUS March 31, 2026 1,937 $393,288 -12.9%
CALM March 31, 2026 4,914 $391,007 4.9%
IDCC March 31, 2026 1,219 $388,105 13.6%
FFIC March 31, 2026 25,570 $387,897 No longer tracked
TPR March 31, 2026 3,000 $383,310 -7.4%
POR June 30, 2026 7,176 $378,678 -2.8%
MU June 30, 2026 1,086 $366,894 -14.7%
OGE March 31, 2026 8,135 $347,365 -2.9%
TASK June 30, 2026 46,422 $311,492 65.0%
CNXC March 31, 2026 7,432 $309,023 -7.3%
LFVN March 31, 2026 600 $3,696 57.4%