Q4 2025 · 13F-HR
Headwater Capital Co Ltdholdings as filed
Filed 2026-02-10 · accession 0002036346-26-000002
$408.8M
Reported value
17
Positions
2025-12-31
Period end
The Brief · Headwater Capital Co Ltd · Q4 2025
AI · grounded in 13F
Headwater Capital Co Ltd established a new position in TSM valued at $87.1M. The fund also initiated new stakes in GOOG for $81.1M and META for $36.7M. Additional new positions include TCOM, AMZN, and BABA. The fund ended the period with 17 positions and total AUM of $408.8M.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 874039100 | TSM | TAIWAN SEMICONDUCTOR MFG LTD | $87.1M | 21.3% | 312,000 | Common | SOLE |
| 02079K107 | GOOG | ALPHABET INC | $81.1M | 19.8% | 333,000 | Common | SOLE |
| 30303M102 | META | META PLATFORMS INC | $36.7M | 8.98% | 50,000 | Common | SOLE |
| 89677Q107 | TCOM | TRIP COM GROUP LTD | $27.8M | 6.81% | 370,000 | Common | SOLE |
| 023135106 | AMZN | AMAZON COM INC | $22.0M | 5.37% | 100,000 | Common | SOLE |
| 01609W102 | BABA | ALIBABA GROUP HLDG LTD | $21.4M | 5.25% | 120,000 | Common | SOLE |
| 55024U109 | LITE | LUMENTUM HLDGS INC | $20.3M | 4.98% | 125,000 | Common | SOLE |
| 595112103 | MU | MICRON TECHNOLOGY INC | $20.1M | 4.91% | 120,000 | Common | SOLE |
| 722304102 | PDD | PDD HOLDINGS INC | $19.8M | 4.85% | 150,000 | Common | SOLE |
| 67066G104 | NVDA | NVIDIA CORPORATION | $18.7M | 4.56% | 100,000 | Common | SOLE |
| 896945201 | TRIP | TRIPADVISOR INC | $15.0M | 3.66% | 920,000 | Common | SOLE |
| 571903202 | MAR | MARRIOTT INTL INC NEW | $13.0M | 3.19% | 50,000 | Common | SOLE |
| 44332N106 | HTHT | H WORLD GROUP LTD | $9.8M | 2.39% | 250,000 | Common | SOLE |
| 04965M106 | ATAT | ATOUR LIFESTYLE HLDGS LTD | $6.8M | 1.66% | 180,000 | Common | SOLE |
| 98850P109 | YUMC | YUM CHINA HLDGS INC | $5.1M | 1.26% | 119,700 | Common | SOLE |
| 68373M107 | OPRA | OPERA LTD | $2.1M | 0.50% | 100,000 | Common | SOLE |
| 46090E953 | QQQ | INVESCO QQQ TR | $1.9M | 0.48% | 3,300 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.