Watershed Asset Management, L.L.C. Hedge Fund

Location: San Francisco, CA

CIK: 0001315926 · Show all filings

Period: Q2 2026 (← Previous)

Filing Date: Aug 14, 2026

Total Value: $112M (100.0% shares, 0.0% debt)

Holdings (116)

New Positions (27)

TSM TAIWAN SEMICONDUCTOR MANUFAC 3.2%
Value $3.534M Shares 7,400 Est. Cost Unrealized
SE SEA LTD 2.4%
Value $2.712M Shares 28,300 Est. Cost Unrealized
RGEN REPLIGEN CORP 2.3%
Value $2.565M Shares 18,800 Est. Cost Unrealized
DASH DOORDASH INC 2.2%
Value $2.417M Shares 13,100 Est. Cost Unrealized
ADI ANALOG DEVICES INC 2.1%
Value $2.383M Shares 6,000 Est. Cost Unrealized
SHOP SHOPIFY INC 2.1%
Value $2.295M Shares 20,100 Est. Cost Unrealized
CXT CRANE NXT CO 0.6%
Value $625K Shares 12,218 Est. Cost Unrealized
QLYS QUALYS INC 0.5%
Value $600K Shares 4,366 Est. Cost Unrealized
NSIT INSIGHT ENTERPRISES INC 0.5%
Value $597K Shares 4,899 Est. Cost Unrealized
RNG RINGCENTRAL INC 0.5%
Value $596K Shares 15,297 Est. Cost Unrealized
CCSI CONSENSUS CLOUD SOLUTIONS IN 0.5%
Value $595K Shares 15,592 Est. Cost Unrealized
GDDY GODADDY INC 0.5%
Value $581K Shares 6,848 Est. Cost Unrealized
FIVN FIVE9 INC 0.5%
Value $579K Shares 27,171 Est. Cost Unrealized
BLKB BLACKBAUD INC 0.5%
Value $574K Shares 19,392 Est. Cost Unrealized
PLAB PHOTRONICS INC 0.5%
Value $563K Shares 17,320 Est. Cost Unrealized
CNXN PC CONNECTION INC 0.5%
Value $561K Shares 7,680 Est. Cost Unrealized
CASS CASS INFORMATION SYS INC 0.5%
Value $555K Shares 10,807 Est. Cost Unrealized
CRM SALESFORCE INC 0.5%
Value $546K Shares 3,488 Est. Cost Unrealized
OSIS OSI SYSTEMS INC 0.5%
Value $543K Shares 2,485 Est. Cost Unrealized
EPAM EPAM SYS INC 0.5%
Value $539K Shares 6,794 Est. Cost Unrealized
CARS CARS COM INC 0.5%
Value $536K Shares 48,984 Est. Cost Unrealized
ANIP ANI PHARMACEUTICALS INC 0.5%
Value $519K Shares 6,275 Est. Cost Unrealized
PAYC PAYCOM SOFTWARE INC 0.5%
Value $511K Shares 4,067 Est. Cost Unrealized
WMK WEIS MKTS INC 0.5%
Value $511K Shares 6,523 Est. Cost Unrealized
DLX DELUXE CORP MEDIUM TERM NTS 0.4%
Value $462K Shares 19,341 Est. Cost Unrealized
MCS MARCUS CORP DEL 0.4%
Value $460K Shares 19,627 Est. Cost Unrealized
PCG PG&E CORP 0.4%
Value $439K Shares 26,117 Est. Cost Unrealized

Increased Positions (36)

AMZN AMAZON COM INC 4.0%
Value $4.481M (+47.4%) Shares 18,800 (+28.8%) Est. Cost Unrealized
TAN INVESCO EXCH TRADED FD TR II 2.9%
Value $3.194M (+59.3%) Shares 54,000 (+50.0%) Est. Cost Unrealized
TMO THERMO FISHER SCIENTIFIC INC 4.1%
Value $4.587M (+33.3%) Shares 9,150 (+30.7%) Est. Cost Unrealized
MCO MOODYS CORP 3.7%
Value $4.19M (+37.2%) Shares 9,250 (+32.1%) Est. Cost Unrealized
V VISA INC 4.8%
Value $5.352M (+26.0%) Shares 15,600 (+11.0%) Est. Cost Unrealized
META META PLATFORMS INC 3.2%
Value $3.598M (+23.6%) Shares 6,387 (+25.6%) Est. Cost Unrealized
CDW CDW CORP 0.5%
Value $585K (+35.2%) Shares 4,160 (+16.3%) Est. Cost Unrealized
EEFT EURONET WORLDWIDE INC 0.5%
Value $582K (+30.4%) Shares 7,950 (+18.3%) Est. Cost Unrealized
DBD DIEBOLD NIXDORF INC 0.5%
Value $559K (+29.1%) Shares 6,572 (+14.6%) Est. Cost Unrealized
VMD VIEMED HEALTHCARE INC 0.5%
Value $564K (+28.4%) Shares 49,487 (+3.7%) Est. Cost Unrealized
PLUS EPLUS INC 0.5%
Value $558K (+28.1%) Shares 6,699 (+15.8%) Est. Cost Unrealized
BDC BELDEN INC 0.5%
Value $547K (+28.7%) Shares 4,559 (+23.3%) Est. Cost Unrealized
CARG CARGURUS INC 0.5%
Value $569K (+26.6%) Shares 16,686 (+26.5%) Est. Cost Unrealized
WEX WEX INC 0.5%
Value $570K (+25.6%) Shares 4,043 (+36.3%) Est. Cost Unrealized
NGVC NATURAL GROCERS BY VITAMIN 0.5%
Value $506K (+29.7%) Shares 16,303 (+8.1%) Est. Cost Unrealized
CPAY CORPAY INC 0.5%
Value $553K (+24.2%) Shares 1,660 (+8.4%) Est. Cost Unrealized
ADBE ADOBE INC 0.5%
Value $566K (+22.0%) Shares 2,759 (+44.7%) Est. Cost Unrealized
NATR NATURES SUNSHINE PRODS INC 0.4%
Value $488K (+24.9%) Shares 22,376 (+37.5%) Est. Cost Unrealized
IBEX IBEX LTD 0.5%
Value $547K (+20.9%) Shares 18,017 (+6.8%) Est. Cost Unrealized
COLL COLLEGIUM PHARMACEUTICAL INC 0.5%
Value $542K (+20.7%) Shares 14,970 (+10.3%) Est. Cost Unrealized
THC TENET HEALTHCARE CORP 0.5%
Value $514K (+21.8%) Shares 2,748 (+22.8%) Est. Cost Unrealized
VNT VONTIER CORPORATION 0.5%
Value $523K (+19.4%) Shares 18,020 (+46.1%) Est. Cost Unrealized
UHS UNIVERSAL HLTH SVCS INC 0.5%
Value $513K (+19.6%) Shares 3,448 (+44.0%) Est. Cost Unrealized
SKYW SKYWEST INC 0.5%
Value $546K (+15.5%) Shares 5,492 (+6.8%) Est. Cost Unrealized
IMKTA INGLES MKTS INC 0.5%
Value $509K (+14.9%) Shares 5,745 (+16.6%) Est. Cost Unrealized
KLAC KLA CORP 2.0%
Value $2.233M (-2.8%) Shares 7,400 (+374.4%) Est. Cost Unrealized
CI THE CIGNA GROUP 0.4%
Value $503K (+13.6%) Shares 1,823 (+9.9%) Est. Cost Unrealized
EBF ENNIS INC 0.5%
Value $532K (+12.7%) Shares 25,020 (+13.6%) Est. Cost Unrealized
ZM ZOOM COMMUNICATIONS INC 0.5%
Value $536K (+10.7%) Shares 6,205 (+3.1%) Est. Cost Unrealized
CRUS CIRRUS LOGIC INC 0.5%
Value $534K (+9.8%) Shares 3,598 (+6.9%) Est. Cost Unrealized
BBT BEACON FINANCIAL CORP. 0.4%
Value $497K (+8.8%) Shares 16,319 (+7.2%) Est. Cost Unrealized
ASO ACADEMY SPORTS & OUTDOORS IN 0.4%
Value $413K (-8.8%) Shares 8,762 (+9.2%) Est. Cost Unrealized
NFG NATIONAL FUEL GAS CO 0.3%
Value $361K (-9.2%) Shares 4,672 (+10.5%) Est. Cost Unrealized
DOX AMDOCS LTD 0.4%
Value $464K (+4.5%) Shares 9,183 (+35.0%) Est. Cost Unrealized
PRDO PERDOCEO ED CORP 0.4%
Value $419K (-3.5%) Shares 13,087 (+12.2%) Est. Cost Unrealized
VZ VERIZON COMMUNICATIONS INC 0.4%
Value $462K (-0.9%) Shares 10,917 (+17.5%) Est. Cost Unrealized

Exited Positions (29)

MELI MERCADOLIBRE INC 2.3%
Value $2.619M Shares 1,515 Est. Cost Unrealized
INTC INTEL CORP 1.8%
Value $2.012M Shares 45,600 Est. Cost Unrealized
QQQE DIREXION SHARES ETF TRUST 1.8%
Value $1.99M Shares 20,200 Est. Cost Unrealized
NVDA NVIDIA CORPORATION 1.7%
Value $1.901M Shares 10,900 Est. Cost Unrealized
DHR DANAHER CORP DEL 1.6%
Value $1.782M Shares 9,400 Est. Cost Unrealized
LITE LUMENTUM HLDGS INC 1.4%
Value $1.546M Shares 2,200 Est. Cost Unrealized
GTLB GITLAB INC 1.2%
Value $1.385M Shares 64,000 Est. Cost Unrealized
IIIN INSTEEL INDS INC 0.4%
Value $500K Shares 14,890 Est. Cost Unrealized
DELL DELL TECHNOLOGIES INC 0.4%
Value $500K Shares 3,047 Est. Cost Unrealized
T AT&T INC 0.4%
Value $478K Shares 16,472 Est. Cost Unrealized
HUM HUMANA INC 0.4%
Value $474K Shares 2,735 Est. Cost Unrealized
AKAM AKAMAI TECHNOLOGIES INC 0.4%
Value $471K Shares 4,101 Est. Cost Unrealized
GTM ZOOMINFO TECHNOLOGIES INC 0.4%
Value $465K Shares 77,728 Est. Cost Unrealized
PGC PEAPACK-GLADSTONE FINL CORP 0.4%
Value $463K Shares 13,154 Est. Cost Unrealized
DIOD DIODES INC 0.4%
Value $459K Shares 6,717 Est. Cost Unrealized
CTSH COGNIZANT TECHNOLOGY SOLUTIO 0.4%
Value $452K Shares 7,362 Est. Cost Unrealized
VITL VITAL FARMS INC 0.4%
Value $449K Shares 31,778 Est. Cost Unrealized
RIGL RIGEL PHARMACEUTICALS INC 0.4%
Value $443K Shares 16,385 Est. Cost Unrealized
FLEX FLEXTRONICS INTL LTD 0.4%
Value $438K Shares 6,691 Est. Cost Unrealized
PYPL PAYPAL HLDGS INC 0.4%
Value $434K Shares 9,595 Est. Cost Unrealized
PLXS PLEXUS CORP 0.4%
Value $432K Shares 2,131 Est. Cost Unrealized
JBSS SANFILIPPO JOHN B & SON INC 0.4%
Value $427K Shares 5,387 Est. Cost Unrealized
MKSI MKS INC. 0.4%
Value $420K Shares 1,827 Est. Cost Unrealized
FIS FIDELITY NATL INFORMATION SV 0.4%
Value $413K Shares 8,810 Est. Cost Unrealized
QCOM QUALCOMM INC 0.4%
Value $407K Shares 3,161 Est. Cost Unrealized
PRGS PROGRESS SOFTWARE CORP 0.4%
Value $393K Shares 15,335 Est. Cost Unrealized
POR PORTLAND GEN ELEC CO 0.3%
Value $379K Shares 7,176 Est. Cost Unrealized
MU MICRON TECHNOLOGY INC 0.3%
Value $367K Shares 1,086 Est. Cost Unrealized
TASK TASKUS INC 0.3%
Value $311K Shares 46,422 Est. Cost Unrealized

Decreased Positions (31)

TER TERADYNE INC 1.9%
Value $2.105M (-20.2%) Shares 4,350 (-51.1%) Est. Cost Unrealized
VEU VANGUARD INTL EQUITY INDEX F 4.7%
Value $5.284M (-7.1%) Shares 63,091 (-16.7%) Est. Cost Unrealized
AMAT APPLIED MATLS INC 2.4%
Value $2.711M (-6.7%) Shares 3,750 (-55.9%) Est. Cost Unrealized
PGY PAGAYA TECHNOLOGIES LTD 0.5%
Value $599K (+29.2%) Shares 32,800 (-17.5%) Est. Cost Unrealized
AMKR AMKOR TECHNOLOGY INC 0.5%
Value $579K (+27.8%) Shares 6,716 (-33.3%) Est. Cost Unrealized
JBL JABIL INC 0.5%
Value $564K (+26.0%) Shares 1,464 (-13.2%) Est. Cost Unrealized
DVA DAVITA INC 0.5%
Value $576K (+24.9%) Shares 2,590 (-13.8%) Est. Cost Unrealized
GEN GEN DIGITAL INC 0.5%
Value $533K (+25.2%) Shares 21,418 (-5.3%) Est. Cost Unrealized
AVT AVNET INC 0.5%
Value $532K (+23.2%) Shares 5,994 (-14.6%) Est. Cost Unrealized
CON CONCENTRA GROUP HOLDINGS PAR 0.5%
Value $514K (+19.6%) Shares 17,285 (-13.8%) Est. Cost Unrealized
LOCO EL POLLO LOCO HLDGS INC 0.4%
Value $485K (+18.9%) Shares 28,598 (-2.9%) Est. Cost Unrealized
ARW ARROW ELECTRS INC 0.5%
Value $508K (+17.8%) Shares 2,380 (-20.8%) Est. Cost Unrealized
SNX TD SYNNEX CORPORATION 0.5%
Value $519K (+16.6%) Shares 1,943 (-26.4%) Est. Cost Unrealized
NTAP NETAPP INC 0.5%
Value $530K (+14.6%) Shares 3,425 (-24.2%) Est. Cost Unrealized
SIRI SIRIUSXM HOLDINGS INC 0.4%
Value $502K (+15.5%) Shares 16,982 (-9.8%) Est. Cost Unrealized
CNOB CONNECTONE BANCORP INC 0.4%
Value $498K (+13.7%) Shares 14,902 (-9.0%) Est. Cost Unrealized
TILE INTERFACE INC 0.5%
Value $528K (+12.6%) Shares 14,744 (-21.7%) Est. Cost Unrealized
MTCH MATCH GROUP INC NEW 0.5%
Value $510K (+12.7%) Shares 13,406 (-9.0%) Est. Cost Unrealized
ES EVERSOURCE ENERGY 0.3%
Value $355K (-12.5%) Shares 4,907 (-16.1%) Est. Cost Unrealized
EVER EVERQUOTE INC 0.4%
Value $483K (+11.0%) Shares 20,316 (-28.1%) Est. Cost Unrealized
HVT HAVERTY FURNITURE COS INC 0.4%
Value $454K (+11.7%) Shares 17,777 (-7.4%) Est. Cost Unrealized
INGM INGRAM MICRO HLDG CORP 0.5%
Value $518K (+10.1%) Shares 18,880 (-6.5%) Est. Cost Unrealized
R RYDER SYS INC 0.5%
Value $527K (+6.4%) Shares 1,999 (-17.4%) Est. Cost Unrealized
HPQ HP INC 0.4%
Value $476K (+6.3%) Shares 21,703 (-7.0%) Est. Cost Unrealized
KFY KORN FERRY 0.4%
Value $487K (-5.1%) Shares 7,310 (-10.2%) Est. Cost Unrealized
LEA LEAR CORP 0.4%
Value $418K (-5.6%) Shares 3,119 (-14.7%) Est. Cost Unrealized
MHK MOHAWK INDS INC 0.4%
Value $449K (+5.7%) Shares 3,697 (-14.2%) Est. Cost Unrealized
BYD BOYD GAMING CORP 0.4%
Value $442K (-3.7%) Shares 5,006 (-10.4%) Est. Cost Unrealized
FSLR FIRST SOLAR INC 0.4%
Value $437K (-2.9%) Shares 1,850 (-18.9%) Est. Cost Unrealized
PHIN PHINIA INC 0.4%
Value $437K (-1.5%) Shares 5,310 (-18.1%) Est. Cost Unrealized
MAN MANPOWERGROUP INC WIS 0.5%
Value $514K (-0.1%) Shares 15,211 (-12.9%) Est. Cost Unrealized

Unchanged Positions (22)

WRBY WARBY PARKER INC 1.9%
Value $2.139M Shares 70,500 Est. Cost Unrealized
INDA ISHARES TR 2.2%
Value $2.47M Shares 50,000 Est. Cost Unrealized
KRNY KEARNY FINL CORP MD 0.5%
Value $557K Shares 58,916 Est. Cost Unrealized
HOPE HOPE BANCORP INC 0.4%
Value $501K Shares 36,654 Est. Cost Unrealized
IDT IDT CORP 0.5%
Value $530K Shares 9,112 Est. Cost Unrealized
CFFN CAPITOL FED FINL INC 0.4%
Value $502K Shares 58,965 Est. Cost Unrealized
VLY VALLEY NATL BANCORP 0.4%
Value $488K Shares 33,334 Est. Cost Unrealized
ZUMZ ZUMIEZ INC 0.3%
Value $321K Shares 18,054 Est. Cost Unrealized
BUSE FIRST BUSEY CORP 0.5%
Value $524K Shares 17,770 Est. Cost Unrealized
RNST RENASANT CORP 0.4%
Value $486K Shares 11,430 Est. Cost Unrealized
BKE BUCKLE INC 0.3%
Value $379K Shares 8,970 Est. Cost Unrealized
BANC BANC OF CALIFORNIA INC 0.4%
Value $498K Shares 24,355 Est. Cost Unrealized
ACEL ACCEL ENTERTAINMENT INC 0.4%
Value $480K Shares 38,046 Est. Cost Unrealized
DV DOUBLEVERIFY HLDGS INC 0.4%
Value $488K Shares 45,053 Est. Cost Unrealized
FNB F N B CORP 0.4%
Value $475K Shares 24,888 Est. Cost Unrealized
WSBC WESBANCO INC 0.4%
Value $497K Shares 12,739 Est. Cost Unrealized
FRME FIRST MERCHANTS CORP 0.4%
Value $487K Shares 11,139 Est. Cost Unrealized
POST POST HLDGS INC 0.3%
Value $372K Shares 4,213 Est. Cost Unrealized
PB PROSPERITY BANCSHARES INC 0.4%
Value $485K Shares 6,644 Est. Cost Unrealized
INVA INNOVIVA INC 0.4%
Value $463K Shares 20,366 Est. Cost Unrealized
EWW ISHARES INC 3.6%
Value $4.027M Shares 53,500 Est. Cost Unrealized
NWSA NEWS CORP NEW 0.4%
Value $459K Shares 18,478 Est. Cost Unrealized