Fund detail
Headwater Capital (Paul Wu)
china, value, concentrated, active, paul-wu
Quarters
6
2025-06-30
$288.2M
Positions
13
Price is the latest implied close from the selected quarter's 13F (value ÷ shares). Est. Cost is a running average that assumes each quarter's trades cleared near the midpoint of consecutive 13F closes (or yfinance VWAP when available). Most accurate for slow accumulators, least accurate for activists who build positions in a few days.
| # | Issuer | Value ↑ | Weight | Shares | Share Δ | Share Δ % | Prev Weight | First Held | Price | Est. Cost | Unrealized % | Status |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | FUTU HLDGS LTD | $0 | 0 | -100,000 | -100.00% | 4.60% | ||||||
| 2 | HIMAX TECHNOLOGIES INC | $0 | 0 | -500,000 | -100.00% | 1.65% | ||||||
| 3 | INTEL CORP | $0 | 0 | -300,000 | -100.00% | 3.06% | ||||||
| 4 | NVIDIA CORPORATION | $0 | 0 | -100,000 | -100.00% | 4.87% | ||||||
| 5 | OPERA LTD OPRA | $945K | 0.33% | 50,000 | +50,000 | 2025-06-30 | $19 | ~$19 | +0.00% | |||
| 6 | INVESCO QQQ TR | $2.5M | 0.86% | 2,520 | +1,520 | +152.00% | 1.06% | 2025-03-31 | $987 | ~$1,940 | -49.12% | |
| 7 | CANADA GOOSE HLDGS INC GOOS | $7.4M | 2.56% | 660,000 | +660,000 | 2025-06-30 | $11 | ~$11 | +0.00% | |||
| 8 | KE HLDGS INC BEKE | $8.9M | 3.08% | 500,000 | +0 | +0.00% | 4.52% | 2024-12-31 | $18 | ~$18 | -3.69% | |
| 9 | YUM CHINA HLDGS INC YUMC | $9.8M | 3.41% | 219,550 | +219,550 | 2025-06-30 | $45 | ~$45 | +0.00% | |||
| 10 | LULULEMON ATHLETICA INC LULU | $12.6M | 4.37% | 53,000 | +53,000 | 2025-06-30 | $238 | ~$238 | +0.00% | |||
| 11 | ALPHABET INC GOOG | $17.7M | 6.16% | 100,000 | +100,000 | 2024-12-31 | $177 | ~$190 | -6.85% | |||
| 12 | PDD HOLDINGS INC PDD | $20.9M | 7.26% | 200,000 | +0 | +0.00% | 10.64% | 2024-12-31 | $105 | ~$102 | +2.28% | |
| 13 | MARRIOTT INTL INC NEW MAR | $21.9M | 7.58% | 80,000 | +80,000 | 2025-06-30 | $273 | ~$273 | +0.00% | |||
| 14 | TRIP COM GROUP LTD TCOM | $23.5M | 8.14% | 400,000 | -100,000 | -20.00% | 14.29% | 2024-12-31 | $59 | ~$67 | -12.65% | |
| 15 | MICROSOFT CORP MSFT | $24.9M | 8.63% | 50,000 | +50,000 | 2024-12-31 | $497 | ~$431 | +15.51% | |||
| 16 | TAIWAN SEMICONDUCTOR MFG LTD TSM | $63.4M | 22.01% | 280,000 | +60,000 | +27.27% | 16.42% | 2024-12-31 | $226 | ~$197 | +14.84% | |
| 17 | META PLATFORMS INC META | $73.8M | 25.61% | 100,000 | -50,000 | -33.33% | 38.87% | 2024-12-31 | $738 | ~$582 | +26.80% |