Watershed Asset Management, L.L.C.

San Francisco, CA · CIK 1315926 · 13F filing filed 2026-08-14

No investment adviser registration (Form ADV) found for this filer. It may be a parent company whose subsidiaries are the registered advisers, a bank or insurer, or a manager based outside the US.

Others nearbySan Francisco, CA

$111.8m reported value +15.9% vs Q1 2026

116positions

36.6%in top 10

27 new 36 added 32 reduced 29 sold out vs Q1 2026

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	VISA INC COM CL A V	V	15,600	$5.4m4.79%	4.79%	Added +1.6k	+1,550 11.0%
2	VANGUARD INTL EQUITY INDEX F ALLWRLD EX US VEU	VEU	63,091	$5.3m4.73%	4.73%	Reduced -12.6k	-12,648 -16.7%
3	THERMO FISHER SCIENTIFIC INC COM TMO	TMO	9,150	$4.6m4.10%	4.10%	Added +2.1k	+2,150 30.7%
4	AMAZON COM INC COM AMZN	AMZN	18,800	$4.5m4.01%	4.01%	Added +4.2k	+4,200 28.8%
5	MOODYS CORP COM MCO	MCO	9,250	$4.2m3.75%	3.75%	Added +2.2k	+2,250 32.1%
6	ISHARES INC MSCI MEXICO ETF EWW	EWW	53,500	$4.0m3.60%	3.60%	Unchanged
7	META PLATFORMS INC CL A META	META	6,387	$3.6m3.22%	3.22%	Added +1.3k	+1,300 25.6%
8	TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS TSM	TSM	7,400	$3.5m3.16%	3.16%	New
9	INVESCO EXCH TRADED FD TR II SOLAR ETF TAN	TAN	54,000	$3.2m2.86%	2.86%	Added +18.0k	+18,000 50.0%
10	SEA LTD SPONSORD ADS SE	SE	28,300	$2.7m2.43%	2.43%	New
11	APPLIED MATLS INC COM AMAT	AMAT	3,750	$2.7m2.43%	2.43%	Reduced -4.8k	-4,750 -55.9%
12	REPLIGEN CORP COM RGEN	RGEN	18,800	$2.6m2.29%	2.29%	New
13	ISHARES TR MSCI INDIA ETF INDA	INDA	50,000	$2.5m2.21%	2.21%	Unchanged
14	DOORDASH INC CL A DASH	DASH	13,100	$2.4m2.16%	2.16%	New
15	ANALOG DEVICES INC COM ADI	ADI	6,000	$2.4m2.13%	2.13%	New
16	SHOPIFY INC CL A SUB VTG SHS SHOP	SHOP	20,100	$2.3m2.05%	2.05%	New
17	KLA CORP COM NEW KLAC	KLAC	7,400	$2.2m2.00%	2.00%	Reduced -8.2k	-8,200 -52.6%
18	WARBY PARKER INC CL A COM WRBY	WRBY	70,500	$2.1m1.91%	1.91%	Unchanged
19	TERADYNE INC COM TER	TER	4,350	$2.1m1.88%	1.88%	Reduced -4.5k	-4,550 -51.1%
20	CRANE NXT CO COM CXT	CXT	12,218	$625.1k0.56%	0.56%	New
21	QUALYS INC COM QLYS	QLYS	4,366	$600.3k0.54%	0.54%	New
22	PAGAYA TECHNOLOGIES LTD CL A NEW PGY	PGY	32,800	$598.6k0.54%	0.54%	Reduced -7.0k	-6,962 -17.5%
23	INSIGHT ENTERPRISES INC COM NSIT	NSIT	4,899	$596.7k0.53%	0.53%	New
24	RINGCENTRAL INC CL A RNG	RNG	15,297	$596.3k0.53%	0.53%	New
25	CONSENSUS CLOUD SOLUTIONS IN COM CCSI	CCSI	15,592	$594.8k0.53%	0.53%	New
26	CDW CORP COM CDW	CDW	4,160	$585.1k0.52%	0.52%	Added +583	+583 16.3%
27	EURONET WORLDWIDE INC COM EEFT	EEFT	7,950	$581.9k0.52%	0.52%	Added +1.2k	+1,229 18.3%
28	GODADDY INC CL A GDDY	GDDY	6,848	$581.3k0.52%	0.52%	New
29	FIVE9 INC COM FIVN	FIVN	27,171	$579.3k0.52%	0.52%	New
30	AMKOR TECHNOLOGY INC COM AMKR	AMKR	6,716	$579.1k0.52%	0.52%	Reduced -3.4k	-3,350 -33.3%
31	DAVITA INC COM DVA	DVA	2,590	$576.2k0.52%	0.52%	Reduced -413	-413 -13.8%
32	BLACKBAUD INC COM BLKB	BLKB	19,392	$574.4k0.51%	0.51%	New
33	WEX INC COM WEX	WEX	4,043	$570.4k0.51%	0.51%	Added +1.1k	+1,076 36.3%
34	CARGURUS INC COM CL A CARG	CARG	16,686	$568.8k0.51%	0.51%	Added +3.5k	+3,495 26.5%
35	ADOBE INC COM ADBE	ADBE	2,759	$565.6k0.51%	0.51%	Added +852	+852 44.7%
36	JABIL INC COM JBL	JBL	1,464	$564.3k0.50%	0.50%	Reduced -222	-222 -13.2%
37	VIEMED HEALTHCARE INC COM VMD	VMD	49,487	$564.2k0.50%	0.50%	Added +1.8k	+1,770 3.7%
38	PHOTRONICS INC COM PLAB	PLAB	17,320	$563.4k0.50%	0.50%	New
39	PC CONNECTION INC COM CNXN	CNXN	7,680	$560.6k0.50%	0.50%	New
40	DIEBOLD NIXDORF INC COM SHS DBD	DBD	6,572	$558.8k0.50%	0.50%	Added +836	+836 14.6%
41	EPLUS INC COM PLUS	PLUS	6,699	$557.6k0.50%	0.50%	Added +915	+915 15.8%
42	KEARNY FINL CORP MD COM KRNY	KRNY	58,916	$557.3k0.50%	0.50%	Unchanged
43	CASS INFORMATION SYS INC COM CASS	CASS	10,807	$554.6k0.50%	0.50%	New
44	CORPAY INC COM SHS CPAY	CPAY	1,660	$553.2k0.49%	0.49%	Added +129	+129 8.4%
45	IBEX LTD SHS NEW IBEX	IBEX	18,017	$547.2k0.49%	0.49%	Added +1.1k	+1,140 6.8%
46	BELDEN INC COM BDC	BDC	4,559	$546.7k0.49%	0.49%	Added +861	+861 23.3%
47	SALESFORCE INC COM CRM	CRM	3,488	$546.4k0.49%	0.49%	New
48	SKYWEST INC COM SKYW	SKYW	5,492	$545.5k0.49%	0.49%	Added +350	+350 6.8%
49	OSI SYSTEMS INC COM OSIS	OSIS	2,485	$543.5k0.49%	0.49%	New
50	COLLEGIUM PHARMACEUTICAL INC COM COLL	COLL	14,970	$541.9k0.48%	0.48%	Added +1.4k	+1,392 10.2%
51	EPAM SYS INC COM EPAM	EPAM	6,794	$539.1k0.48%	0.48%	New
52	CARS COM INC COM CARS	CARS	48,984	$535.9k0.48%	0.48%	New
53	ZOOM COMMUNICATIONS INC CL A ZM	ZM	6,205	$535.6k0.48%	0.48%	Added +186	+186 3.1%
54	CIRRUS LOGIC INC COM CRUS	CRUS	3,598	$534.4k0.48%	0.48%	Added +232	+232 6.9%
55	GEN DIGITAL INC COM GEN	GEN	21,418	$533.1k0.48%	0.48%	Reduced -1.2k	-1,202 -5.3%
56	AVNET INC COM AVT	AVT	5,994	$532.4k0.48%	0.48%	Reduced -1.0k	-1,021 -14.6%
57	ENNIS INC COM EBF	EBF	25,020	$531.7k0.48%	0.48%	Added +3.0k	+3,000 13.6%
58	NETAPP INC COM NTAP	NTAP	3,425	$530.1k0.47%	0.47%	Reduced -1.1k	-1,093 -24.2%
59	IDT CORP CL B NEW IDT	IDT	9,112	$530.0k0.47%	0.47%	Unchanged
60	INTERFACE INC COM TILE	TILE	14,744	$528.4k0.47%	0.47%	Reduced -4.1k	-4,084 -21.7%
61	RYDER SYS INC COM R	R	1,999	$527.3k0.47%	0.47%	Reduced -422	-422 -17.4%
62	FIRST BUSEY CORP COM NEW BUSE	BUSE	17,770	$524.2k0.47%	0.47%	Unchanged
63	VONTIER CORPORATION COM VNT	VNT	18,020	$522.6k0.47%	0.47%	Added +5.7k	+5,685 46.1%
64	ANI PHARMACEUTICALS INC COM ANIP	ANIP	6,275	$519.4k0.46%	0.46%	New
65	TD SYNNEX CORPORATION COM SNX	SNX	1,943	$519.4k0.46%	0.46%	Reduced -697	-697 -26.4%
66	INGRAM MICRO HLDG CORP COM INGM	INGM	18,880	$517.9k0.46%	0.46%	Reduced -1.3k	-1,304 -6.5%
67	CONCENTRA GROUP HOLDINGS PAR COMMON STOCK CON	CON	17,285	$514.2k0.46%	0.46%	Reduced -2.8k	-2,767 -13.8%
68	TENET HEALTHCARE CORP COM NEW THC	THC	2,748	$514.1k0.46%	0.46%	Added +511	+511 22.8%
69	MANPOWERGROUP INC WIS COM MAN	MAN	15,211	$513.7k0.46%	0.46%	Reduced -2.2k	-2,247 -12.9%
70	UNIVERSAL HLTH SVCS INC CL B UHS	UHS	3,448	$512.7k0.46%	0.46%	Added +1.1k	+1,053 44.0%
71	PAYCOM SOFTWARE INC COM PAYC	PAYC	4,067	$511.1k0.46%	0.46%	New
72	WEIS MKTS INC COM WMK	WMK	6,523	$510.8k0.46%	0.46%	New
73	MATCH GROUP INC NEW COM MTCH	MTCH	13,406	$510.1k0.46%	0.46%	Reduced -1.3k	-1,333 -9.0%
74	INGLES MKTS INC CL A IMKTA	IMKTA	5,745	$508.9k0.46%	0.46%	Added +817	+817 16.6%
75	ARROW ELECTRS INC COM ARW	ARW	2,380	$507.9k0.45%	0.45%	Reduced -626	-626 -20.8%
76	NATURAL GROCERS BY VITAMIN C COM NGVC	NGVC	16,303	$505.7k0.45%	0.45%	Added +1.2k	+1,223 8.1%
77	THE CIGNA GROUP COM CI	CI	1,823	$502.6k0.45%	0.45%	Added +164	+164 9.9%
78	CAPITOL FED FINL INC COM CFFN	CFFN	58,965	$501.8k0.45%	0.45%	Unchanged
79	SIRIUSXM HOLDINGS INC COMMON STOCK SIRI	SIRI	16,982	$501.6k0.45%	0.45%	Reduced -1.8k	-1,842 -9.8%
80	HOPE BANCORP INC COM HOPE	HOPE	36,654	$501.4k0.45%	0.45%	Unchanged
81	CONNECTONE BANCORP INC COM CNOB	CNOB	14,902	$498.3k0.45%	0.45%	Reduced -1.5k	-1,477 -9.0%
82	BANC OF CALIFORNIA INC COM BANC	BANC	24,355	$497.6k0.45%	0.45%	Unchanged
83	WESBANCO INC COM WSBC	WSBC	12,739	$497.2k0.44%	0.44%	Unchanged
84	BERKSHIRE HILLS BANCORP INC COM BBT	BBT	16,319	$496.9k0.44%	0.44%	Added +1.1k	+1,090 7.2%
85	DOUBLEVERIFY HLDGS INC COM DV	DV	45,053	$488.4k0.44%	0.44%	Added +272	+272 0.6%
86	VALLEY NATL BANCORP COM VLY	VLY	33,334	$488.3k0.44%	0.44%	Unchanged
87	NATURES SUNSHINE PRODS INC COM NATR	NATR	22,376	$487.8k0.44%	0.44%	Added +6.1k	+6,100 37.5%
88	KORN FERRY COM NEW KFY	KFY	7,310	$486.7k0.44%	0.44%	Reduced -833	-833 -10.2%
89	FIRST MERCHANTS CORP COM FRME	FRME	11,139	$486.7k0.44%	0.44%	Unchanged
90	RENASANT CORP COM RNST	RNST	11,430	$486.2k0.43%	0.43%	Unchanged
91	PROSPERITY BANCSHARES INC COM PB	PB	6,644	$485.2k0.43%	0.43%	Unchanged
92	EL POLLO LOCO HLDGS INC COM LOCO	LOCO	28,598	$485.0k0.43%	0.43%	Reduced -843	-843 -2.9%
93	EVERQUOTE INC COM CL A EVER	EVER	20,316	$483.3k0.43%	0.43%	Reduced -7.9k	-7,925 -28.1%
94	ACCEL ENTERTAINMENT INC COM CL A1 ACEL	ACEL	38,046	$479.8k0.43%	0.43%	Unchanged
95	HP INC COM HPQ	HPQ	21,703	$476.2k0.43%	0.43%	Reduced -1.6k	-1,625 -7.0%
96	F N B CORP COM FNB	FNB	24,888	$474.9k0.42%	0.42%	Unchanged
97	AMDOCS LTD SHS DOX	DOX	9,183	$464.1k0.42%	0.42%	Added +2.4k	+2,380 35.0%
98	INNOVIVA INC COM INVA	INVA	20,366	$462.5k0.41%	0.41%	Unchanged
99	VERIZON COMMUNICATIONS INC COM VZ	VZ	10,917	$462.2k0.41%	0.41%	Added +1.6k	+1,625 17.5%
100	DELUXE CORP COM DLX	DLX	19,341	$461.9k0.41%	0.41%	New

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
MERCADOLIBRE INC MELI	MELI	1,515	$2.6m1.5k shares
INTEL CORP INTC	INTC	45,600	$2.0m45.6k shares
DIREXION SHS ETF TR QQQE	QQQE	20,200	$2.0m20.2k shares
NVIDIA CORPORATION NVDA	NVDA	10,900	$1.9m10.9k shares
DANAHER CORPORATION DHR	DHR	9,400	$1.8m9.4k shares
LUMENTUM HLDGS INC LITE	LITE	2,200	$1.5m2.2k shares
GITLAB INC GTLB	GTLB	64,000	$1.4m64.0k shares
INSTEEL INDS INC IIIN	IIIN	14,890	$500.5k14.9k shares
DELL TECHNOLOGIES INC DELL	DELL	3,047	$500.1k3.0k shares
AT&T INC T	T	16,472	$477.5k16.5k shares
HUMANA INC HUM	HUM	2,735	$474.2k2.7k shares
AKAMAI TECHNOLOGIES INC AKAM	AKAM	4,101	$471.0k4.1k shares
ZOOMINFO TECHNOLOGIES INC GTM	GTM	77,728	$464.8k77.7k shares
PEAPACK-GLADSTONE FINL CORP PGC	PGC	13,154	$463.2k13.2k shares
DIODES INC DIOD	DIOD	6,717	$458.5k6.7k shares
COGNIZANT TECHNOLOGY SOLUTIO CTSH	CTSH	7,362	$451.7k7.4k shares
VITAL FARMS INC VITL	VITL	31,778	$448.7k31.8k shares
RIGEL PHARMACEUTICALS INC RIGL	RIGL	16,385	$443.1k16.4k shares
FLEX LTD FLEX	FLEX	6,691	$438.0k6.7k shares
PAYPAL HLDGS INC PYPL	PYPL	9,595	$434.0k9.6k shares
PLEXUS CORP PLXS	PLXS	2,131	$431.6k2.1k shares
SANFILIPPO JOHN B & SON INC JBSS	JBSS	5,387	$427.4k5.4k shares
MKS INC. MKSI	MKSI	1,827	$419.9k1.8k shares
FIDELITY NATL INFORMATION SV FIS	FIS	8,810	$413.3k8.8k shares
QUALCOMM INC QCOM	QCOM	3,161	$407.1k3.2k shares