Headwater Capital Co Ltd
Headwater Capital Co Ltd reported 14 US-listed holdings worth $493.4 million in its 13F for the quarter ended 30 June 2026, filed 14 August 2026. Its largest: Taiwan Semiconductor Manufacturing Company Limited (20.3%), Meta Platforms, Inc. (18.0%) and Alphabet Inc. (15.3%). Against the quarter before, it opened 5 positions, added to 2, trimmed 7 and sold out of 6.
The 14 largest of its 14 positions, each sized by its share of the reported holdings, coloured by the change in shares against Q1 2026.
What the fund reported holding at each quarter's end; hover a bar for the number of positions
What its reported holdings returned
Held through each quarter, the holdings it reported returned +80.1% over the 6 quarters to 30 June 2026, against +27.4% for the S&P 500.
Not the fund's own return: each 13F's holdings are kept unchanged until the next one, so trades inside a quarter, dividends, cash and fees are left out. A rough guide to how its picks have done over time.
What it did on the quarter
Its positions against its 13F for the quarter to 31 March 2026; a change under 0.1% of a position counts as held
Opened 5
- Amazon.com Inc. AMZN$31.0 million
- Visa Inc. V$24.0 million
- BWX Technologies, Inc. BWXT$15.6 million
- AppLovin Corp. APP$10.3 million
- Paypay Corp. PAYP$7.2 million
Added to 2
- Futu Hldgs Ltd FUTU+215,000 shares · +215%
- Roblox Corp. RBLX+115,000 shares · +57%
Trimmed 7
- Micron Technology Inc. MU-86,000 shares · -80%
- Taiwan Semiconductor Manufacturing Company Limited TSM-126,000 shares · -38%
- Alphabet Inc. GOOGL-160,000 shares · -70%
- Alphabet Inc. GOOG-82,000 shares · -28%
- Meta Platforms, Inc. META-31,500 shares · -17%
- Robinhood Markets, Inc. HOOD-157,000 shares · -43%
- Trip.com Group Limited TCOM-55,000 shares · -8%
Sold out of 6
- NVIDIA Corp. NVDA$54.9 million last quarter
- DoorDash, Inc. DASH$31.5 million last quarter
- PDD Holdings Inc. PDD$15.3 million last quarter
- Lumentum Holdings Inc. LITE$14.1 million last quarter
- On Holding AG ONON$10.2 million last quarter
- Kanzhun Limited BZ$4.0 million last quarter
What it holds
| Company | Shares | Value | Of its book | Change in shares |
|---|---|---|---|---|
| Taiwan Semiconductor Manufacturing Company Limited TSM | 210.0K | $100.3 million | 20.33% | -126.0K |
| Meta Platforms, Inc. META | 157.5K | $88.7 million | 17.98% | -31.5K |
| Alphabet Inc. GOOG | 213.0K | $75.3 million | 15.25% | -82.0K |
| Amazon.com Inc. AMZN | 130.0K | $31.0 million | 6.28% | new |
| Futu Hldgs Ltd FUTU | 315.0K | $29.5 million | 5.98% | +215.0K |
| Alphabet Inc. GOOGL | 70.0K | $25.0 million | 5.07% | -160.0K |
| Micron Technology Inc. MU | 21.0K | $24.2 million | 4.91% | -86.0K |
| Trip.com Group Limited TCOM | 605.0K | $24.1 million | 4.89% | -55.0K |
| Visa Inc. V | 70.0K | $24.0 million | 4.87% | new |
| Robinhood Markets, Inc. HOOD | 210.0K | $21.1 million | 4.27% | -157.0K |
| Roblox Corp. RBLX | 315.0K | $17.1 million | 3.47% | +115.0K |
| BWX Technologies, Inc. BWXT | 80.0K | $15.6 million | 3.16% | new |
| AppLovin Corp. APP | 20.0K | $10.3 million | 2.09% | new |
| Paypay Corp. PAYP | 500.0K | $7.2 million | 1.45% | new |
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Change is shares against its 13F for the quarter before; the 6 it sold out of are in the box above.Options it reported
| Company | Option | Shares under the options | Value of those shares |
|---|---|---|---|
| Invesco QQQ Trust QQQ | Puts | 630.0K | $7.0 million |
1 option lines. A 13F lists calls and puts by the shares they cover and what those shares were worth at the quarter's end, not what the options cost; they are not counted in the holdings above.