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Deepwater Asset Management, LLC

CIK:0001964171
Investment Adviser
$458M AUM
20 holdings
Minneapolis, MN, United States
Founded:2022
11 employees
Latest filing:Jun 30, 2025

Deepwater Asset Management, LLC is an SEC-registered investment advisory firm headquartered in Minneapolis, MN. Founded in 2022, the firm manages concentrated portfolios primarily for pooled investment vehicles and institutional clients, focusing on equity investments in technology and growth sectors. Deepwater was spun out of Loup Funds, LLC and operates under both brand names. The firm employs approximately 11 professionals who serve a wide range of clients, including high-net-worth individuals and private funds.

Investment Strategy

Deepwater Asset Management employs a long-term, growth-oriented investment strategy focused on innovative companies in the technology sector. The firm seeks to identify disruptive businesses with sustainable competitive advantages and strong future growth prospects, building concentrated portfolios of high-conviction positions. Deepwater’s research-driven approach emphasizes deeply analyzing companies' fundamentals, management quality, and market trends, aiming for significant capital appreciation while mitigating risk through diversification and active portfolio management.

Latest 13F Filing Activity

Deepwater Asset Management, LLC filed their most recent 13F report on Jun 30, 2025 disclosing 19 equity positions with a total 13F market value of $253M. The fund increased holdings in Vertiv Holdings Co., Broadcom Inc., Arista Networks Inc. among other positions. Deepwater Asset Management, LLC reduced exposure to Onto Innovation Inc., Lululemon Athletica Inc., First Watch Restaurant Group among others.

Top Buys
V
VRTVERTIV HOLDINGS CO
+$5.5M
A
AVGOBROADCOM INC
+$3.5M
A
ANETARISTA NETWORKS INC
+$3.2M
M
MUMICRON TECHNOLOGY INC
+$2.9M
T
TSMTAIWAN SEMICONDUCTOR MFG LTD
+$2.9M
Top Sells
O
ONTOONTO INNOVATION INC
-$12.8M
L
LULULULULEMON ATHLETICA INC
-$10.1M
F
FOURSHIFT4 PMTS INC
+$1.8M
B
BOXBOX INC
+$1.5M
F
FWRGFIRST WATCH RESTAURANT GROUP
-$1.2M

Top Holdings

V
VRTVERTIV HOLDINGS CO
+6.8%$17.1M
T
TSMTAIWAN SEMICONDUCTOR MFG LTD
+6.5%$16.5M
M
MUMICRON TECHNOLOGY INC
+6.4%$16.1M
M
METAMETA PLATFORMS INC
+6.2%$15.6M
N
NVDANVIDIA CORPORATION
+6.2%$15.6M

Equity Positions (19)

TickerSecurityWeightMarket ValueSharesAvg CostPriceChange (QoQ)
VERTIV HOLDINGS CO6.76%$17.1M132,925$83.35$128.41+$5.5M
TAIWAN SEMICONDUCTOR MFG LTD6.53%$16.5M72,806$162.53$226.49+$2.9M
MICRON TECHNOLOGY INC6.39%$16.1M131,022$119.54$123.25+$2.9M
META PLATFORMS INC6.17%$15.6M21,109$120.34$738.09+$2.6M
NVIDIA CORPORATION6.16%$15.6M98,482$120.69$157.99+$2.0M

Industry Allocation

SERVICES-BUSINESS SERVICES, NEC
+19.9%
SERVICES-PREPACKAGED SOFTWARE
+15.6%
SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC.
+12.4%
SEMICONDUCTORS & RELATED DEVICES
+8.2%
FINANCE SERVICES
+5.7%