Watershed Asset Management, L.L.C.
CIK 0001315926
Annualised vol
9.967265%
Beta
0.452066
HHI
200.71426
Top-10 weight
36.636782%
VaR 95%
0.974169%
VaR 99%
1.65891%
Max drawdown
15.745955%
Matched value
64.906856%
Returns of reported holdings
Loading returns…
Position changes vs prior quarter
What the latest 13F shows bought and sold against the quarter before, by share count.
| Ticker | Change | Shares now | Shares before | Share change % | Value now ($) |
|---|---|---|---|---|---|
| V | ADDED | 15,600 | 14,050 | 11.03% | 5,352,204 |
| TMO | ADDED | 9,150 | 7,000 | 30.71% | 4,587,444 |
| AMZN | ADDED | 18,800 | 14,600 | 28.77% | 4,480,792 |
| META | ADDED | 6,387 | 5,087 | 25.56% | 3,597,733 |
| SE | NEW | 28,300 | - | - | 2,711,989 |
| RGEN | NEW | 18,800 | - | - | 2,565,072 |
| DASH | NEW | 13,100 | - | - | 2,417,343 |
| ADI | NEW | 6,000 | - | - | 2,383,020 |
| SHOP | NEW | 20,100 | - | - | 2,295,018 |
| KLAC | ADDED | 7,400 | 1,560 | 374.36% | 2,232,654 |
| WRBY | UNCHANGED | 70,500 | 70,500 | 0.0% | 2,138,970 |
| TER | REDUCED | 4,350 | 8,900 | -51.12% | 2,104,704 |
| CXT | NEW | 12,218 | - | - | 625,073 |
| QLYS | NEW | 4,366 | - | - | 600,281 |
| PGY | REDUCED | 32,800 | 39,762 | -17.51% | 598,600 |
| NSIT | NEW | 4,899 | - | - | 596,698 |
| RNG | NEW | 15,297 | - | - | 596,277 |
| CDW | ADDED | 4,160 | 3,577 | 16.3% | 585,062 |
| EEFT | ADDED | 7,950 | 6,721 | 18.29% | 581,861 |
| GDDY | NEW | 6,848 | - | - | 581,258 |
| FIVN | NEW | 27,171 | - | - | 579,286 |
| AMKR | REDUCED | 6,716 | 10,066 | -33.28% | 579,121 |
| DVA | REDUCED | 2,590 | 3,003 | -13.75% | 576,223 |
| BLKB | NEW | 19,392 | - | - | 574,391 |
| WEX | ADDED | 4,043 | 2,967 | 36.27% | 570,427 |
| CARG | ADDED | 16,686 | 13,191 | 26.5% | 568,826 |
| ADBE | ADDED | 2,759 | 1,907 | 44.68% | 565,650 |
| JBL | REDUCED | 1,464 | 1,686 | -13.17% | 564,343 |
| VMD | ADDED | 49,487 | 47,717 | 3.71% | 564,152 |
| PLAB | NEW | 17,320 | - | - | 563,420 |
| CNXN | NEW | 7,680 | - | - | 560,563 |
| DBD | ADDED | 6,572 | 5,736 | 14.57% | 558,751 |
| PLUS | ADDED | 6,699 | 5,784 | 15.82% | 557,558 |
| CPAY | ADDED | 1,660 | 1,531 | 8.43% | 553,228 |
| IBEX | ADDED | 18,017 | 16,877 | 6.75% | 547,176 |
| BDC | ADDED | 4,559 | 3,698 | 23.28% | 546,670 |
| CRM | NEW | 3,488 | - | - | 546,430 |
| SKYW | ADDED | 5,492 | 5,142 | 6.81% | 545,520 |
| OSIS | NEW | 2,485 | - | - | 543,470 |
| COLL | ADDED | 14,970 | 13,578 | 10.25% | 541,914 |
| CARS | NEW | 48,984 | - | - | 535,885 |
| ZM | ADDED | 6,205 | 6,019 | 3.09% | 535,554 |
| CRUS | ADDED | 3,598 | 3,366 | 6.89% | 534,411 |
| GEN | REDUCED | 21,418 | 22,620 | -5.31% | 533,094 |
| AVT | REDUCED | 5,994 | 7,015 | -14.55% | 532,387 |
| EBF | ADDED | 25,020 | 22,020 | 13.62% | 531,675 |
| NTAP | REDUCED | 3,425 | 4,518 | -24.19% | 530,053 |
| IDT | UNCHANGED | 9,112 | 9,112 | 0.0% | 529,954 |
| TILE | REDUCED | 14,744 | 18,828 | -21.69% | 528,425 |
| BUSE | UNCHANGED | 17,770 | 17,770 | 0.0% | 524,215 |
| VNT | ADDED | 18,020 | 12,335 | 46.09% | 522,580 |
| ANIP | NEW | 6,275 | - | - | 519,445 |
| SNX | REDUCED | 1,943 | 2,640 | -26.4% | 519,442 |
| THC | ADDED | 2,748 | 2,237 | 22.84% | 514,096 |
| PAYC | NEW | 4,067 | - | - | 511,141 |
| MTCH | REDUCED | 13,406 | 14,739 | -9.04% | 510,098 |
| HOPE | UNCHANGED | 36,654 | 36,654 | 0.0% | 501,427 |
| CNOB | REDUCED | 14,902 | 16,379 | -9.02% | 498,323 |
| BANC | UNCHANGED | 24,355 | 24,355 | 0.0% | 497,573 |
| WSBC | UNCHANGED | 12,739 | 12,739 | 0.0% | 497,203 |
| BBT | ADDED | 16,319 | 15,229 | 7.16% | 496,914 |
| KFY | REDUCED | 7,310 | 8,143 | -10.23% | 486,700 |
| FRME | UNCHANGED | 11,139 | 11,139 | 0.0% | 486,663 |
| RNST | UNCHANGED | 11,430 | 11,430 | 0.0% | 486,232 |
| PB | UNCHANGED | 6,644 | 6,644 | 0.0% | 485,211 |
| EVER | REDUCED | 20,316 | 28,241 | -28.06% | 483,318 |
| ACEL | UNCHANGED | 38,046 | 38,046 | 0.0% | 479,760 |
| HPQ | REDUCED | 21,703 | 23,328 | -6.97% | 476,164 |
| DOX | ADDED | 9,183 | 6,803 | 34.98% | 464,109 |
| INVA | UNCHANGED | 20,366 | 20,366 | 0.0% | 462,512 |
| VZ | ADDED | 10,917 | 9,292 | 17.49% | 462,226 |
| NWSA | UNCHANGED | 18,478 | 18,478 | 0.0% | 458,809 |
| BYD | REDUCED | 5,006 | 5,586 | -10.38% | 442,180 |
| PCG | NEW | 26,117 | - | - | 439,288 |
| PHIN | REDUCED | 5,310 | 6,486 | -18.13% | 437,385 |
| FSLR | REDUCED | 1,850 | 2,280 | -18.86% | 436,526 |
| LEA | REDUCED | 3,119 | 3,657 | -14.71% | 418,133 |
| BKE | UNCHANGED | 8,970 | 8,970 | 0.0% | 378,534 |
| NFG | ADDED | 4,672 | 4,228 | 10.5% | 360,725 |
| ES | REDUCED | 4,907 | 5,847 | -16.08% | 354,629 |
| ZUMZ | UNCHANGED | 18,054 | 18,054 | 0.0% | 321,361 |
| GTM | CLOSED OUT | 0 | 77,728 | -100.0% | 0 |
| GTLB | CLOSED OUT | 0 | 64,000 | -100.0% | 0 |
| TASK | CLOSED OUT | 0 | 46,422 | -100.0% | 0 |
| INTC | CLOSED OUT | 0 | 45,600 | -100.0% | 0 |
| VITL | CLOSED OUT | 0 | 31,778 | -100.0% | 0 |
| T | CLOSED OUT | 0 | 16,472 | -100.0% | 0 |
| RIGL | CLOSED OUT | 0 | 16,385 | -100.0% | 0 |
| NVDA | CLOSED OUT | 0 | 10,900 | -100.0% | 0 |
| JBSS | CLOSED OUT | 0 | 5,387 | -100.0% | 0 |
| AKAM | CLOSED OUT | 0 | 4,101 | -100.0% | 0 |
| DELL | CLOSED OUT | 0 | 3,047 | -100.0% | 0 |
| HUM | CLOSED OUT | 0 | 2,735 | -100.0% | 0 |
| PLXS | CLOSED OUT | 0 | 2,131 | -100.0% | 0 |
| MKSI | CLOSED OUT | 0 | 1,827 | -100.0% | 0 |
| MELI | CLOSED OUT | 0 | 1,515 | -100.0% | 0 |
| MU | CLOSED OUT | 0 | 1,086 | -100.0% | 0 |
Holdings (latest quarter)
| Ticker | Change | Issuer | Class | CUSIP | Value ($) | Weight % | Shares |
|---|---|---|---|---|---|---|---|
| V | ADDED | VISA INC | COM CL A | 92826C839 | 5,352,204 | 4.79 | 15600.0 |
| - | VANGUARD INTL EQUITY INDEX F | ALLWRLD EX US | 922042775 | 5,283,871 | 4.73 | 63091.0 | |
| TMO | ADDED | THERMO FISHER SCIENTIFIC INC | COM | 883556102 | 4,587,444 | 4.1 | 9150.0 |
| AMZN | ADDED | AMAZON COM INC | COM | 023135106 | 4,480,792 | 4.01 | 18800.0 |
| - | MOODYS CORP | COM | 615369105 | 4,189,510 | 3.75 | 9250.0 | |
| - | ISHARES INC | MSCI MEXICO ETF | 464286822 | 4,026,945 | 3.6 | 53500.0 | |
| META | ADDED | META PLATFORMS INC | CL A | 30303M102 | 3,597,733 | 3.22 | 6387.0 |
| - | TAIWAN SEMICONDUCTOR MANUFAC | SPONSORED ADS | 874039100 | 3,534,018 | 3.16 | 7400.0 | |
| - | INVESCO EXCH TRADED FD TR II | SOLAR ETF | 46138G706 | 3,194,100 | 2.86 | 54000.0 | |
| SE | NEW | SEA LTD | SPONSORD ADS | 81141R100 | 2,711,989 | 2.43 | 28300.0 |
| - | APPLIED MATLS INC | COM | 038222105 | 2,711,250 | 2.43 | 3750.0 | |
| RGEN | NEW | REPLIGEN CORP | COM | 759916109 | 2,565,072 | 2.29 | 18800.0 |
| - | ISHARES TR | MSCI INDIA ETF | 46429B598 | 2,469,500 | 2.21 | 50000.0 | |
| DASH | NEW | DOORDASH INC | CL A | 25809K105 | 2,417,343 | 2.16 | 13100.0 |
| ADI | NEW | ANALOG DEVICES INC | COM | 032654105 | 2,383,020 | 2.13 | 6000.0 |
| SHOP | NEW | SHOPIFY INC | CL A SUB VTG SHS | 82509L107 | 2,295,018 | 2.05 | 20100.0 |
| KLAC | ADDED | KLA CORP | COM NEW | 482480100 | 2,232,654 | 2.0 | 7400.0 |
| WRBY | UNCHANGED | WARBY PARKER INC | CL A COM | 93403J106 | 2,138,970 | 1.91 | 70500.0 |
| TER | REDUCED | TERADYNE INC | COM | 880770102 | 2,104,704 | 1.88 | 4350.0 |
| CXT | NEW | CRANE NXT CO | COM | 224441105 | 625,073 | 0.56 | 12218.0 |
| QLYS | NEW | QUALYS INC | COM | 74758T303 | 600,281 | 0.54 | 4366.0 |
| PGY | REDUCED | PAGAYA TECHNOLOGIES LTD | CL A NEW | M7S64L123 | 598,600 | 0.54 | 32800.0 |
| NSIT | NEW | INSIGHT ENTERPRISES INC | COM | 45765U103 | 596,698 | 0.53 | 4899.0 |
| RNG | NEW | RINGCENTRAL INC | CL A | 76680R206 | 596,277 | 0.53 | 15297.0 |
| - | CONSENSUS CLOUD SOLUTIONS IN | COM | 20848V105 | 594,835 | 0.53 | 15592.0 | |
| CDW | ADDED | CDW CORP | COM | 12514G108 | 585,062 | 0.52 | 4160.0 |
| EEFT | ADDED | EURONET WORLDWIDE INC | COM | 298736109 | 581,861 | 0.52 | 7950.0 |
| GDDY | NEW | GODADDY INC | CL A | 380237107 | 581,258 | 0.52 | 6848.0 |
| FIVN | NEW | FIVE9 INC | COM | 338307101 | 579,286 | 0.52 | 27171.0 |
| AMKR | REDUCED | AMKOR TECHNOLOGY INC | COM | 031652100 | 579,121 | 0.52 | 6716.0 |
| DVA | REDUCED | DAVITA INC | COM | 23918K108 | 576,223 | 0.52 | 2590.0 |
| BLKB | NEW | BLACKBAUD INC | COM | 09227Q100 | 574,391 | 0.51 | 19392.0 |
| WEX | ADDED | WEX INC | COM | 96208T104 | 570,427 | 0.51 | 4043.0 |
| CARG | ADDED | CARGURUS INC | COM CL A | 141788109 | 568,826 | 0.51 | 16686.0 |
| ADBE | ADDED | ADOBE INC | COM | 00724F101 | 565,650 | 0.51 | 2759.0 |
| JBL | REDUCED | JABIL INC | COM | 466313103 | 564,343 | 0.5 | 1464.0 |
| VMD | ADDED | VIEMED HEALTHCARE INC | COM | 92663R105 | 564,152 | 0.5 | 49487.0 |
| PLAB | NEW | PHOTRONICS INC | COM | 719405102 | 563,420 | 0.5 | 17320.0 |
| CNXN | NEW | PC CONNECTION INC | COM | 69318J100 | 560,563 | 0.5 | 7680.0 |
| DBD | ADDED | DIEBOLD NIXDORF INC | COM SHS | 253651202 | 558,751 | 0.5 | 6572.0 |
| PLUS | ADDED | EPLUS INC | COM | 294268107 | 557,558 | 0.5 | 6699.0 |
| - | KEARNY FINL CORP MD | COM | 48716P108 | 557,345 | 0.5 | 58916.0 | |
| - | CASS INFORMATION SYS INC | COM | 14808P109 | 554,615 | 0.5 | 10807.0 | |
| CPAY | ADDED | CORPAY INC | COM SHS | 219948106 | 553,228 | 0.49 | 1660.0 |
| IBEX | ADDED | IBEX LTD | SHS NEW | G4690M101 | 547,176 | 0.49 | 18017.0 |
| BDC | ADDED | BELDEN INC | COM | 077454106 | 546,670 | 0.49 | 4559.0 |
| CRM | NEW | SALESFORCE INC | COM | 79466L302 | 546,430 | 0.49 | 3488.0 |
| SKYW | ADDED | SKYWEST INC | COM | 830879102 | 545,520 | 0.49 | 5492.0 |
| OSIS | NEW | OSI SYSTEMS INC | COM | 671044105 | 543,470 | 0.49 | 2485.0 |
| COLL | ADDED | COLLEGIUM PHARMACEUTICAL INC | COM | 19459J104 | 541,914 | 0.48 | 14970.0 |
| - | EPAM SYS INC | COM | 29414B104 | 539,104 | 0.48 | 6794.0 | |
| CARS | NEW | CARS COM INC | COM | 14575E105 | 535,885 | 0.48 | 48984.0 |
| ZM | ADDED | ZOOM COMMUNICATIONS INC | CL A | 98980L101 | 535,554 | 0.48 | 6205.0 |
| CRUS | ADDED | CIRRUS LOGIC INC | COM | 172755100 | 534,411 | 0.48 | 3598.0 |
| GEN | REDUCED | GEN DIGITAL INC | COM | 668771108 | 533,094 | 0.48 | 21418.0 |
| AVT | REDUCED | AVNET INC | COM | 053807103 | 532,387 | 0.48 | 5994.0 |
| EBF | ADDED | ENNIS INC | COM | 293389102 | 531,675 | 0.48 | 25020.0 |
| NTAP | REDUCED | NETAPP INC | COM | 64110D104 | 530,053 | 0.47 | 3425.0 |
| IDT | UNCHANGED | IDT CORP | CL B NEW | 448947507 | 529,954 | 0.47 | 9112.0 |
| TILE | REDUCED | INTERFACE INC | COM | 458665304 | 528,425 | 0.47 | 14744.0 |
| - | RYDER SYS INC | COM | 783549108 | 527,276 | 0.47 | 1999.0 | |
| BUSE | UNCHANGED | FIRST BUSEY CORP | COM NEW | 319383204 | 524,215 | 0.47 | 17770.0 |
| VNT | ADDED | VONTIER CORPORATION | COM | 928881101 | 522,580 | 0.47 | 18020.0 |
| ANIP | NEW | ANI PHARMACEUTICALS INC | COM | 00182C103 | 519,445 | 0.46 | 6275.0 |
| SNX | REDUCED | TD SYNNEX CORPORATION | COM | 87162W100 | 519,442 | 0.46 | 1943.0 |
| - | INGRAM MICRO HLDG CORP | COM | 457152106 | 517,878 | 0.46 | 18880.0 | |
| - | CONCENTRA GROUP HOLDINGS PAR | COMMON STOCK | 20603L102 | 514,229 | 0.46 | 17285.0 | |
| THC | ADDED | TENET HEALTHCARE CORP | COM NEW | 88033G407 | 514,096 | 0.46 | 2748.0 |
| - | MANPOWERGROUP INC WIS | COM | 56418H100 | 513,675 | 0.46 | 15211.0 | |
| - | UNIVERSAL HLTH SVCS INC | CL B | 913903100 | 512,683 | 0.46 | 3448.0 | |
| PAYC | NEW | PAYCOM SOFTWARE INC | COM | 70432V102 | 511,141 | 0.46 | 4067.0 |
| - | WEIS MKTS INC | COM | 948849104 | 510,816 | 0.46 | 6523.0 | |
| MTCH | REDUCED | MATCH GROUP INC NEW | COM | 57667L107 | 510,098 | 0.46 | 13406.0 |
| - | INGLES MKTS INC | CL A | 457030104 | 508,892 | 0.46 | 5745.0 | |
| - | ARROW ELECTRS INC | COM | 042735100 | 507,916 | 0.45 | 2380.0 | |
| - | NATURAL GROCERS BY VITAMIN | COM | 63888U108 | 505,719 | 0.45 | 16303.0 | |
| - | THE CIGNA GROUP | COM | 125523100 | 502,565 | 0.45 | 1823.0 | |
| - | CAPITOL FED FINL INC | COM | 14057J101 | 501,792 | 0.45 | 58965.0 | |
| - | SIRIUSXM HOLDINGS INC | COMMON STOCK | 829933100 | 501,648 | 0.45 | 16982.0 | |
| HOPE | UNCHANGED | HOPE BANCORP INC | COM | 43940T109 | 501,427 | 0.45 | 36654.0 |
| CNOB | REDUCED | CONNECTONE BANCORP INC | COM | 20786W107 | 498,323 | 0.45 | 14902.0 |
| BANC | UNCHANGED | BANC OF CALIFORNIA INC | COM | 05990K106 | 497,573 | 0.45 | 24355.0 |
| WSBC | UNCHANGED | WESBANCO INC | COM | 950810101 | 497,203 | 0.44 | 12739.0 |
| BBT | ADDED | BEACON FINANCIAL CORP. | COM | 084680107 | 496,914 | 0.44 | 16319.0 |
| - | DOUBLEVERIFY HLDGS INC | COM | 25862V105 | 488,375 | 0.44 | 45053.0 | |
| - | VALLEY NATL BANCORP | COM | 919794107 | 488,343 | 0.44 | 33334.0 | |
| - | NATURES SUNSHINE PRODS INC | COM | 639027101 | 487,797 | 0.44 | 22376.0 | |
| KFY | REDUCED | KORN FERRY | COM NEW | 500643200 | 486,700 | 0.44 | 7310.0 |
| FRME | UNCHANGED | FIRST MERCHANTS CORP | COM | 320817109 | 486,663 | 0.44 | 11139.0 |
| RNST | UNCHANGED | RENASANT CORP | COM | 75970E107 | 486,232 | 0.43 | 11430.0 |
| PB | UNCHANGED | PROSPERITY BANCSHARES INC | COM | 743606105 | 485,211 | 0.43 | 6644.0 |
| - | EL POLLO LOCO HLDGS INC | COM | 268603107 | 485,022 | 0.43 | 28598.0 | |
| EVER | REDUCED | EVERQUOTE INC | COM CL A | 30041R108 | 483,318 | 0.43 | 20316.0 |
| ACEL | UNCHANGED | ACCEL ENTERTAINMENT INC | COM CL A1 | 00436Q106 | 479,760 | 0.43 | 38046.0 |
| HPQ | REDUCED | HP INC | COM | 40434L105 | 476,164 | 0.43 | 21703.0 |
| - | F N B CORP | COM | 302520101 | 474,863 | 0.42 | 24888.0 | |
| DOX | ADDED | AMDOCS LTD | SHS | G02602103 | 464,109 | 0.42 | 9183.0 |
| INVA | UNCHANGED | INNOVIVA INC | COM | 45781M101 | 462,512 | 0.41 | 20366.0 |
| VZ | ADDED | VERIZON COMMUNICATIONS INC | COM | 92343V104 | 462,226 | 0.41 | 10917.0 |
| - | DELUXE CORP MEDIUM TERM NTS | COM | 248019101 | 461,863 | 0.41 | 19341.0 | |
| - | MARCUS CORP DEL | COM | 566330106 | 460,449 | 0.41 | 19627.0 | |
| NWSA | UNCHANGED | NEWS CORP NEW | CL A | 65249B109 | 458,809 | 0.41 | 18478.0 |
| - | HAVERTY FURNITURE COS INC | COM | 419596101 | 453,847 | 0.41 | 17777.0 | |
| - | MOHAWK INDS INC | COM | 608190104 | 448,557 | 0.4 | 3697.0 | |
| BYD | REDUCED | BOYD GAMING CORP | COM | 103304101 | 442,180 | 0.4 | 5006.0 |
| PCG | NEW | PG&E CORP | COM | 69331C108 | 439,288 | 0.39 | 26117.0 |
| PHIN | REDUCED | PHINIA INC | COMMON STOCK | 71880K101 | 437,385 | 0.39 | 5310.0 |
| FSLR | REDUCED | FIRST SOLAR INC | COM | 336433107 | 436,526 | 0.39 | 1850.0 |
| - | PERDOCEO ED CORP | COM | 71363P106 | 418,784 | 0.37 | 13087.0 | |
| LEA | REDUCED | LEAR CORP | COM NEW | 521865204 | 418,133 | 0.37 | 3119.0 |
| - | ACADEMY SPORTS & OUTDOORS IN | COM | 00402L107 | 412,953 | 0.37 | 8762.0 | |
| BKE | UNCHANGED | BUCKLE INC | COM | 118440106 | 378,534 | 0.34 | 8970.0 |
| - | POST HLDGS INC | COM | 737446104 | 371,839 | 0.33 | 4213.0 | |
| NFG | ADDED | NATIONAL FUEL GAS CO | COM | 636180101 | 360,725 | 0.32 | 4672.0 |
| ES | REDUCED | EVERSOURCE ENERGY | COM | 30040W108 | 354,629 | 0.32 | 4907.0 |
| ZUMZ | UNCHANGED | ZUMIEZ INC | COM | 989817101 | 321,361 | 0.29 | 18054.0 |
Quarterly portfolios
| Period | Filed | Value ($) | Positions | Vol % | Beta | Max DD % |
|---|---|---|---|---|---|---|
| 2026-06-30 | 2026-08-14 | 111,796,406 | 116 | 9.967265 | 0.452066 | 15.745955 |
| 2026-03-31 | 2026-05-06 | 96,497,563 | 118 | 9.759785 | 0.450331 | 15.467439 |
| 2025-12-31 | 2026-02-17 | 107,085,589 | 118 | 8.791335 | 0.396325 | 12.952836 |