Watershed Asset Management, L.L.C.

All Holdings — 2026 Q1

AI Portfolio Summary
In 2026 Q1, Watershed Asset Management, L.L.C. maintained a portfolio of 157 distinct positions. The most significant new addition to the portfolio was MOODYS CORP, which now represents 3.16% of the total fund value. They heavily accumulated shares in THERMO FISHER SCIENT, increasing their position by 29.6%. The fund also reduced its exposure to DIREXION SHARES ETF by 82.7%.
PCA Score Concentration Risk
Risk ENB
Total Positions
157
Quarter
2026 Q1
Top Holding
VEU (5.9%)
Top 10 Concentration
35.8%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
Showing 1-50 of 157
Stock History Sector / Type Port % Prev % Rank / Prev Conviction Change % Change Influence Shares Mkt Value Avg Cost Price Held 1st Owned Source Source Date Date Reported
VEU
VANGUARD INTL E...
ETF 5.89% 5.20% #1 1
Prev: #2
5.4 no change no change
P
S
75,739 $5,687,999 2021 Q4 13F Filing 2026-03-31 2026-05-06
V
VISA INC
Financial Services 4.40% 5.08% #2 1
Prev: #3
3.8 -1,450 -9.4%
P
S
14,050 $4,246,472 2021 Q4 13F Filing 2026-03-31 2026-05-06
EWW
ISHARES INC
ETF 4.17% 3.46% #3 2
Prev: #5
3.7 no change no change
P
S
53,500 $4,024,805 2025 Q4 13F Filing 2026-03-31 2026-05-06
TMO
THERMO FISHER S...
Healthcare 3.57% 2.92% #4 4
Prev: #8
4.4 1,600 29.6%
P
S
7,000 $3,440,710 2025 Q4 13F Filing 2026-03-31 2026-05-06
MCO
MOODYS CORP
Financial Services 3.16% #5
Prev: #—
5.3 7,000 no change
NEW
7,000 $3,053,750 2026 Q1 13F Filing 2026-03-31 2026-05-06
AMZN
AMAZON COM INC
Consumer Cyclical 3.15% #6
Prev: #—
4.8 14,600 no change
NEW
14,600 $3,040,742 2021 Q4 13F Filing 2026-03-31 2026-05-06
META
META PLATFORMS ...
Communication Services 3.02% 2.12% #7 7
Prev: #14
3.7 1,640 47.6%
P
S
5,087 $2,910,425 2022 Q1 13F Filing 2026-03-31 2026-05-06
AMAT
APPLIED MATLS I...
Technology 3.01% 0.40% #8 79
Prev: #87
4.2 6,838 411.4%
P
S
8,500 $2,905,215 2025 Q4 13F Filing 2026-03-31 2026-05-06
TER
TERADYNE INC
Technology 2.73% #9
Prev: #—
4.6 8,900 no change
NEW
8,900 $2,638,494 2026 Q1 13F Filing 2026-03-31 2026-05-06
MELI
MERCADOLIBRE IN...
Consumer Cyclical 2.71% 2.85% #10
Prev: #10
2.1 no change no change
P
S
1,515 $2,619,465 2021 Q4 13F Filing 2026-03-31 2026-05-06
INDA
ISHARES TR
ETF 2.43% 2.52% #11 1
Prev: #12
2.0 no change no change
P
S
50,000 $2,342,000 2021 Q4 13F Filing 2026-03-31 2026-05-06
KLAC
KLA CORP
Technology 2.38% #12
Prev: #—
4.5 1,560 no change
NEW
1,560 $2,296,960 2023 Q2 13F Filing 2026-03-31 2026-05-06
INTC
INTEL CORP
Technology 2.09% #13
Prev: #—
4.3 45,600 no change
NEW
45,600 $2,012,328 2022 Q1 13F Filing 2026-03-31 2026-05-06
TAN
INVESCO EXCH TR...
ETF 2.08% #14
Prev: #—
4.3 36,000 no change
NEW
36,000 $2,005,560 2026 Q1 13F Filing 2026-03-31 2026-05-06
QQQE
DIREXION SHARES...
Warrant 2.06% 11.15% #15 14
Prev: #1
0.8 -96,500 -82.7%
P
S
20,200 $1,990,306 2025 Q4 13F Filing 2026-03-31 2026-05-06
NVDA
NVIDIA CORPORAT...
Technology 1.97% #16
Prev: #—
4.3 10,900 no change
NEW
10,900 $1,900,960 2026 Q1 13F Filing 2026-03-31 2026-05-06
DHR
DANAHER CORP DE...
Healthcare 1.85% #17
Prev: #—
4.2 9,400 no change
NEW
9,400 $1,782,240 2023 Q2 13F Filing 2026-03-31 2026-05-06
LITE
LUMENTUM HLDGS ...
Technology 1.60% 1.38% #18 1
Prev: #17
0.6 -1,800 -45.0%
P
S
2,200 $1,546,072 2021 Q4 13F Filing 2026-03-31 2026-05-06
WRBY
WARBY PARKER IN...
Healthcare 1.54% 0.90% #19 1
Prev: #18
3.6 26,500 60.2%
P
S
70,500 $1,485,435 2025 Q4 13F Filing 2026-03-31 2026-05-06
GTLB
GITLAB INC
Technology 1.44% 1.89% #20 5
Prev: #15
2.6 10,000 18.5%
P
S
64,000 $1,384,960 2025 Q4 13F Filing 2026-03-31 2026-05-06
MAN
MANPOWERGROUP I...
Industrials 0.53% #21
Prev: #—
3.7 17,458 no change
NEW
17,458 $514,313 2026 Q1 13F Filing 2026-03-31 2026-05-06
KFY
KORN FERRY
Industrials 0.53% 0.38% #22 76
Prev: #98
2.7 1,914 30.7%
P
S
8,143 $512,602 2025 Q4 13F Filing 2026-03-31 2026-05-06
IIIN
INSTEEL INDS IN...
Industrials 0.52% 0.40% #23 62
Prev: #85
2.2 1,389 10.3%
P
S
14,890 $500,453 2022 Q3 13F Filing 2026-03-31 2026-05-06
DELL
DELL TECHNOLOGI...
Technology 0.52% 0.42% #24 28
Prev: #52
0.7 -517 -14.5%
P
S
3,047 $500,104 2021 Q4 13F Filing 2026-03-31 2026-05-06
R
RYDER SYS INC
Industrials 0.51% 0.43% #25 12
Prev: #37
1.2 no change no change
P
S
2,421 $495,603 2021 Q4 13F Filing 2026-03-31 2026-05-06
CRUS
CIRRUS LOGIC IN...
Technology 0.50% 0.42% #26 21
Prev: #47
0.7 -436 -11.5%
P
S
3,366 $486,791 2025 Q4 13F Filing 2026-03-31 2026-05-06
ZM
ZOOM COMMUNICAT...
Technology 0.50% 0.42% #27 26
Prev: #53
2.2 827 15.9%
P
S
6,019 $483,867 2025 Q4 13F Filing 2026-03-31 2026-05-06
T
AT&T INC
Communication Services 0.49% 0.38% #28 71
Prev: #99
1.2 no change no change
P
S
16,472 $477,523 2025 Q4 13F Filing 2026-03-31 2026-05-06
INVA
INNOVIVA INC
Healthcare 0.49% 0.43% #29 11
Prev: #40
0.7 -2,757 -11.9%
P
S
20,366 $474,528 2021 Q4 13F Filing 2026-03-31 2026-05-06
HUM
HUMANA INC
Healthcare 0.49% #30
Prev: #—
3.7 2,735 no change
NEW
2,735 $474,222 2023 Q1 13F Filing 2026-03-31 2026-05-06
SKYW
SKYWEST INC
Industrials 0.49% 0.41% #31 42
Prev: #73
2.2 777 17.8%
P
S
5,142 $472,190 2025 Q4 13F Filing 2026-03-31 2026-05-06
EBF
ENNIS INC
Industrials 0.49% #32
Prev: #—
3.7 22,020 no change
NEW
22,020 $471,668 2023 Q1 13F Filing 2026-03-31 2026-05-06
AKAM
AKAMAI TECHNOLO...
Technology 0.49% 0.44% #33 6
Prev: #27
0.2 -1,327 -24.4%
P
S
4,101 $471,000 2023 Q4 13F Filing 2026-03-31 2026-05-06
INGM
INGRAM MICRO HL...
Technology 0.49% #34
Prev: #—
3.7 20,184 no change
NEW
20,184 $470,489 2026 Q1 13F Filing 2026-03-31 2026-05-06
TILE
INTERFACE INC
Consumer Cyclical 0.49% 0.41% #35 29
Prev: #64
2.2 2,949 18.6%
P
S
18,828 $469,194 2025 Q4 13F Filing 2026-03-31 2026-05-06
VZ
VERIZON COMMUNI...
Communication Services 0.48% 0.41% #36 24
Prev: #60
0.7 -1,610 -14.8%
P
S
9,292 $466,458 2021 Q4 13F Filing 2026-03-31 2026-05-06
GTM
ZOOMINFO TECHNO...
Technology 0.48% #37
Prev: #—
3.7 77,728 no change
NEW
77,728 $464,813 2026 Q1 13F Filing 2026-03-31 2026-05-06
ADBE
ADOBE INC
Technology 0.48% #38
Prev: #—
3.7 1,907 no change
NEW
1,907 $463,554 2026 Q1 13F Filing 2026-03-31 2026-05-06
PGY
PAGAYA TECHNOLO...
Technology 0.48% #39
Prev: #—
3.7 39,762 no change
NEW
39,762 $463,227 2026 Q1 13F Filing 2026-03-31 2026-05-06
PGC
PEAPACK-GLADSTO...
Financial Services 0.48% #40
Prev: #—
3.7 13,154 no change
NEW
13,154 $463,152 2026 Q1 13F Filing 2026-03-31 2026-05-06
NTAP
NETAPP INC
Technology 0.48% 0.41% #41 30
Prev: #71
2.2 419 10.2%
P
S
4,518 $462,598 2025 Q4 13F Filing 2026-03-31 2026-05-06
DVA
DAVITA INC
Healthcare 0.48% #42
Prev: #—
3.7 3,003 no change
NEW
3,003 $461,531 2026 Q1 13F Filing 2026-03-31 2026-05-06
NWSA
NEWS CORP NEW
Communication Services 0.48% #43
Prev: #—
3.7 18,478 no change
NEW
18,478 $460,657 2022 Q2 13F Filing 2026-03-31 2026-05-06
BYD
BOYD GAMING COR...
Consumer Cyclical 0.48% 0.38% #44 56
Prev: #100
2.2 820 17.2%
P
S
5,586 $459,057 2005 Q3 13F Filing 2026-03-31 2026-05-06
DIOD
DIODES INC
Technology 0.48% 0.39% #45 50
Prev: #95
0.2 -1,834 -21.4%
P
S
6,717 $458,502 2022 Q3 13F Filing 2026-03-31 2026-05-06
BHLB
BEACON FINANCIA...
Unknown 0.47% 0.38% #46 60
Prev: #106
1.2 no change no change
P
S
15,229 $456,870 2025 Q4 13F Filing 2026-03-31 2026-05-06
WEX
WEX INC
Technology 0.47% #47
Prev: #—
3.7 2,967 no change
NEW
2,967 $454,070 2022 Q3 13F Filing 2026-03-31 2026-05-06
AMKR
AMKOR TECHNOLOG...
Technology 0.47% 0.42% #48
Prev: #48
0.7 -1,336 -11.7%
P
S
10,066 $453,272 2021 Q4 13F Filing 2026-03-31 2026-05-06
ASO
ACADEMY SPORTS ...
Consumer Cyclical 0.47% #49
Prev: #—
3.7 8,024 no change
NEW
8,024 $452,955 2026 Q1 13F Filing 2026-03-31 2026-05-06
IBEX
IBEX LTD
Technology 0.47% #50
Prev: #—
3.7 16,877 no change
NEW
16,877 $452,641 2026 Q1 13F Filing 2026-03-31 2026-05-06
Showing 1-50 of 157 holdings

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