DEEPWATER ASSET MANAGEMENT, LLC

Minneapolis, MN · CIK 1964171 · 13F filing filed 2026-08-06

SEC-registered investment adviser since 2022 · limited liability company

Assets managed$566.5m
Staff9 · 5 in investment roles
Main clients (by assets)Private funds 59%, Mutual funds and ETFs 41%
Private funds10 (2 hedge) · $314.2m gross assets
Form ADV · 2026-08-12SEC adviser record

Kindhedge funds, venture
Others nearbyMinneapolis, MN

As an employer

Offices in1 country
Private fundsventure capital 8, hedge 2

$220.2m reported value +39.5% vs Q1 2026

35positions

43.6%in top 10

4 new 15 added 14 reduced 8 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	ROBLOX CORP CL A RBLX	RBLX	232,870	$12.7m5.75%	5.75%	New
2	CREDO TECHNOLOGY GROUP HOLDI ORDINARY SHARES CRDO	CRDO	44,316	$12.1m5.47%	5.47%	Reduced -29.1k	-29,117 -39.6%
3	AXON ENTERPRISE INC COM AXON	AXON	17,933	$10.1m4.57%	4.57%	Added +8.9k	+8,882 98.1%
4	DATADOG INC CL A COM DDOG	DDOG	36,316	$9.5m4.29%	4.29%	Reduced -14.7k	-14,707 -28.8%
5	BLACKBERRY LTD COM BB	BB	730,450	$9.2m4.20%	4.20%	New
6	LAM RESEARCH CORP COM NEW LRCX	LRCX	20,915	$9.1m4.12%	4.12%	Reduced -3.0k	-3,048 -12.7%
7	APPLOVIN CORP COM CL A APP	APP	17,474	$9.0m4.09%	4.09%	Added +7.7k	+7,691 78.6%
8	SHOPIFY INC CL A SUB VTG SHS SHOP	SHOP	75,511	$8.6m3.92%	3.92%	Added +37.6k	+37,609 99.2%
9	TAKE-TWO INTERACTIVE SOFTWAR COM TTWO	TTWO	31,925	$8.0m3.62%	3.62%	Added +8.3k	+8,350 35.4%
10	NU HLDGS LTD ORD SHS CL A NU	NU	584,989	$7.8m3.55%	3.55%	Added +58.4k	+58,423 11.1%
11	RUBRIK INC. CL A RBRK	RBRK	94,601	$7.6m3.45%	3.45%	Added +6.1k	+6,095 6.9%
12	VERTIV HOLDINGS CO COM CL A VRT	VRT	22,576	$7.6m3.43%	3.43%	Reduced -2.1k	-2,094 -8.5%
13	MERCURY SYS INC COM MRCY	MRCY	61,166	$7.5m3.40%	3.40%	Added +4.5k	+4,542 8.0%
14	GLOBAL E ONLINE LTD SHS GLBE	GLBE	211,067	$7.3m3.33%	3.33%	Added +66.9k	+66,868 46.4%
15	VISTRA CORP COM VST	VST	46,192	$7.3m3.33%	3.33%	Added +15.3k	+15,267 49.4%
16	SNOWFLAKE INC CL A SNOW	SNOW	28,221	$7.2m3.26%	3.26%	Added +547	+547 2.0%
17	MERCADOLIBRE INC COM MELI	MELI	4,208	$7.1m3.24%	3.24%	Added +1.3k	+1,348 47.1%
18	MARVELL TECHNOLOGY INC COM MRVL	MRVL	23,492	$7.0m3.18%	3.18%	Reduced -31.1k	-31,120 -57.0%
19	REDDIT INC CL A RDDT	RDDT	39,653	$6.9m3.13%	3.13%	Reduced -26.1k	-26,066 -39.7%
20	TWILIO INC CL A TWLO	TWLO	31,926	$6.6m2.99%	2.99%	New
21	CAMECO CORP COM CCJ	CCJ	64,357	$6.6m2.98%	2.98%	Added +20.8k	+20,789 47.7%
22	INTUITIVE SURGICAL INC COM NEW ISRG	ISRG	16,209	$6.4m2.93%	2.93%	Added +6.0k	+5,957 58.1%
23	STERLING INFRASTRUCTURE INC COM STRL	STRL	7,607	$6.4m2.90%	2.90%	Reduced -13.1k	-13,088 -63.2%
24	AEROVIRONMENT INC COM AVAV	AVAV	36,742	$6.1m2.75%	2.75%	Added +14.1k	+14,102 62.3%
25	RAMBUS INC DEL COM RMBS	RMBS	44,634	$5.9m2.69%	2.69%	Reduced -13.4k	-13,402 -23.1%
26	ATLASSIAN CORPORATION CL A TEAM	TEAM	69,319	$5.4m2.45%	2.45%	Added +7.6k	+7,643 12.4%
27	ASML HOLDING N V N Y REGISTRY SHS ASML	ASML	1,053	$2.1m0.95%	0.95%	Reduced -2.7k	-2,742 -72.2%
28	TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS TSM	TSM	4,025	$1.9m0.87%	0.87%	Reduced -297	-297 -6.9%
29	MICRON TECHNOLOGY INC COM MU	MU	1,629	$1.9m0.85%	0.85%	Reduced -1.8k	-1,825 -52.8%
30	ALPHABET INC CAP STK CL C GOOG	GOOG	4,754	$1.7m0.76%	0.76%	Reduced -401	-401 -7.8%
31	DOORDASH INC CL A DASH	DASH	9,025	$1.7m0.76%	0.76%	New
32	CLOUDFLARE INC CL A COM NET	NET	6,625	$1.6m0.74%	0.74%	Reduced -800	-800 -10.8%
33	SYNOPSYS INC COM SNPS	SNPS	3,551	$1.6m0.72%	0.72%	Unchanged
34	APPLE INC COM AAPL	AAPL	5,409	$1.6m0.71%	0.71%	Unchanged
35	BROADCOM INC COM AVGO	AVGO	3,668	$1.4m0.63%	0.63%	Reduced -674	-674 -15.5%

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
UBER TECHNOLOGIES INC UBER	UBER	86,754	$6.2m86.8k shares
COHERENT CORP COHR	COHR	20,053	$4.8m20.1k shares
SHIFT4 PMTS INC FOUR	FOUR	107,110	$4.7m107.1k shares
AMAZON COM INC AMZN	AMZN	6,951	$1.4m7.0k shares
NVIDIA CORPORATION NVDA	NVDA	7,716	$1.3m7.7k shares
PROCORE TECHNOLOGIES INC PCOR	PCOR	22,771	$1.3m22.8k shares
TOAST INC TOST	TOST	46,180	$1.2m46.2k shares
COREWEAVE INC CRWV	CRWV	15,614	$1.2m15.6k shares