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Nearwater Capital Markets, LTD

CIK:0001915842
Asset Manager
$6B AUM
103 holdings
New York, NY, United States
Founded:2022
Latest filing:Jun 30, 2025

Nearwater Capital Markets, Ltd is an institutional investment manager based in New York, NY. Specializing in providing security-based swap dealer counterparties with exposure to securities via total return swap transactions, the firm is a registered institutional manager conducting large public securities transactions. The firm is subject to SEC oversight and focuses on sophisticated markets and counterparties. Employee count is not publicly stated, and the firm’s founding year is not available in public documents.

Investment Strategy

Nearwater Capital Markets, Ltd primarily operates as a security-based swap dealer, providing institutional counterparties with synthetic exposure to securities through total return swap agreements. The firm earns fees by entering into these transactions and focuses its portfolio on large-cap equities and other liquid securities, as evidenced by its reported holdings in major stocks and ETFs such as IVV, NVDA, META, and AVGO. The strategy is market-neutral and tailored for institutional clients requiring efficient, customizable exposure to broad equity indices and large-cap names.

Latest 13F Filing Activity

Nearwater Capital Markets, LTD filed their most recent 13F report on Jun 30, 2025 disclosing 101 equity positions with a total 13F market value of $6B. The fund increased holdings in Nvidia Corporation, Meta Platforms, Inc., Microsoft Corporation among other positions. Nearwater Capital Markets, LTD reduced exposure to SPDR S&P 500 Etf TR, Mastercard Incorporated, American Airlines Group Inc. among others.

Top Buys
N
NVDANVIDIA Corporation
+$497.1M
M
METAMeta Platforms, Inc
+$305.0M
M
MSFTMicrosoft Corporation
+$231.1M
I
IVViShares Core S&P 500 ETF
+$214.2M
A
AAPLApple Inc.
+$205.6M
Top Sells
S
SPYSPDR S&P 500 ETF TR
-$279.7M
M
MAMastercard Incorporated
-$55.9M
A
AALAMERICAN AIRLINES GROUP inc
-$29.0M
A
ACNAccenture plc
-$28.1M
R
RTXRaytheon Technologies Corporation
-$25.8M

Top Holdings

I
IVViShares Core S&P 500 ETF
+12.4%$776.1M
N
NVDANVIDIA Corporation
+10.7%$666.1M
M
METAMeta Platforms, Inc
+6.8%$425.5M
A
AVGOBROADCOM Inc
+6.0%$374.4M
M
MSFTMicrosoft Corporation
+5.7%$356.4M

Equity Positions (101)

TickerSecurityWeightMarket ValueSharesAvg CostPriceChange (QoQ)
iShares Core S&P 500 ETF12.42%$776.1M1,250,000$595.12$620.90+$214.2M
NVIDIA Corporation10.66%$666.1M4,216,300$149.22$157.99+$497.1M
Meta Platforms, Inc6.81%$425.5M576,500$681.09$738.09+$305.0M
BROADCOM Inc5.99%$374.4M1,358,274$242.87$275.65+$204.3M
Microsoft Corporation5.70%$356.4M716,575$455.37$497.41+$231.1M

Industry Allocation

SEMICONDUCTORS & RELATED DEVICES
+17.4%
SERVICES-PREPACKAGED SOFTWARE
+10.9%
SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC.
+9.6%
SECURITY BROKERS, DEALERS & FLOTATION COMPANIES
+6.9%
ELECTRONIC COMPUTERS
+4.7%