Stocks/Funds/CIK 1315926

Watershed Asset Management, L.L.C.

microcap filer
Quarterly 13F filings · Latest period 2026-03-31 · CIK 1315926
Assets
$96M
+19.5% YoY
Holdings
118
Lifetime alpha vs market
+8.74% annual
Average hold time
0.8 yr
median 0.5 yr

Quarterly history

Cum return +28% vs S&P +6% · α +22% lifetimeAUM $96M · peak $111MFlow $-9M (-9%)2015-122016-092022-062023-032023-122026-03
AUM ($B)fundS&P 500(gap = α)/ Flow in/out

Behavior signals (lifetime)

Dip response
+0.46%
adds when stocks drop
when a holding falls −10%+
Middle response
+5.47%
steady accumulation
Rally response
-11.81%
trims into rallies
when a holding rises +10%+

Top positions · 30

Ticker$ value% portYoYHold time
VEUVanguard FTSE All-World $6M5.9%2.3 yr
VVisa Inc.$4M4.4%+29.9%2.3 yr
EWWiShares MSCI Mexico ETF$4M4.2%0.5 yr
TMOThermo Fisher Scientific$3M3.6%-5.0%0.5 yr
MCOMoody's Corporation$3M3.2%+28.3%0.3 yr
AMZNAmazon.com, Inc.$3M3.2%+59.8%1.5 yr
METAMeta Platforms, Inc.$3M3.0%+100.9%1.5 yr
AMATApplied Materials, Inc.$3M3.0%+142.0%0.5 yr
TERTeradyne, Inc.$3M2.7%+169.3%0.3 yr
MELIMercadoLibre, Inc.$3M2.7%+46.0%2.3 yr
INDAiShares MSCI India ETF$2M2.4%1.5 yr
KLACKLA Corporation$2M2.4%+211.0%0.5 yr
INTCIntel Corporation$2M2.1%+34.7%0.5 yr
TANInvesco Solar ETF$2M2.1%0.3 yr
QQQEDirexion NASDAQ-100 Equa$2M2.1%0.5 yr

Portfolio composition (YoY)

Industry mix
Asset Management17.1%-24.3pp$17M
Semiconductors14.4%+12.2pp$14M
Specialty Retail6.3%+4.3pp$6M
Banks - Regional5.8%+2.2pp$6M
Medical - Diagnostics & Research5.4%+2.8pp$5M
Financial - Credit Services4.9%-2.9pp$5M
Software - Application4.2%+3.8pp$4M
Internet Content & Information3.9%+2.2pp$4M
Financial - Data & Stock Exchanges3.2%$3M
Information Technology Services2.6%$3M
Country
US95.4%-2.5pp
UY2.7%+1.0pp
Unknown1.4%
SG0.5%+0.1pp
Top 5: 21.2% · Top 10: 35.8% · Top 25: 57.9%

Winners

TickerPrev $PnLYoY %
V$3M+0.00B29.9%
MELI$1M+0.00B46.0%
KLAC$0M+0.00B211.0%
META$0M+0.00B100.9%
HUM$0M-0.00B-60.1%

Losers

TickerPrev $PnLYoY %
DHR$2M-0.00B-9.7%
HUM$0M-0.00B-60.1%

Top buys this quarter · 15

MCO Moody's Corporationnew+$3M
TER Teradyne, Inc.new+$3M
AMAT Applied Materials, Inc.+$2M
NVDA NVIDIA Corporationnew+$2M
KLAC KLA Corporation+$1M
META Meta Platforms, Inc.+$1M
TMO Thermo Fisher Scientific Inc.+$1M
WRBY Warby Parker Inc.+$1M
MAN ManpowerGroup Inc.new+$1M
INGM Ingram Micro Holding Corporatinew+$0M

Top sells this quarter · 15

WDC Western Digital Corporationexit$5M
MSFT Microsoft Corporationexit$3M
BROS Dutch Bros Inc.exit$3M
SPGI S&P Global Inc.exit$3M
RYN Rayonier Inc.exit$2M
SE Sea Limitedexit$2M
MNDY monday.com Ltd.exit$1M
DHR Danaher Corporation$1M
LITE Lumentum Holdings Inc.$1M
SEB Seaboard Corporationexit$1M

Quarterly history (TTM returns)

PeriodAUM# PosReturn (1yr)SPY (1yr)Alpha (1yr)Flow
2026-03-31$96M118+31.86%+6.07%+25.78%-0.01B
2025-12-31$107M118+39.32%+20.55%+18.77%-0.00B
2023-12-31$86M116+19.35%+26.18%-6.83%-0.01B
2023-09-30$84M119+18.04%+21.57%-3.53%+0.00B
2023-06-30$81M116+14.81%+19.42%-4.61%-0.01B
2023-03-31$82M117-6.95%-7.82%+0.87%-0.00B
2022-12-31$79M115+7.52%+7.56%-0.04%-0.00B
2022-09-30$77M120-5.35%-4.93%-0.42%+0.00B
2022-06-30$81M118-15.24%-16.11%+0.87%-0.00B
2022-03-31$99M123-0.01B
2021-12-31$111M122+0.11B
2016-09-30$0M1-0.00B
2016-06-30$5M2-0.00B
2016-03-31$5M2+0.00B
2015-12-31$5M2