Fund detail
Headwater Capital (Paul Wu)
china, value, concentrated, active, paul-wu
Quarters
7
2026-06-30
$500.4M
Positions
15
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. PUT/CALL rows are option exposure and are marked separately.
| # | Issuer | Value ↑ | Weight | Shares | Share Δ | Share Δ % | Prev Weight | First Held | Price | Est. Cost | Unrealized % | Status |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | DOORDASH INC | $0 | 0 | -210,000 | -100.00% | 5.07% | ||||||
| 2 | KANZHUN LTD | $0 | 0 | -300,000 | -100.00% | 0.65% | ||||||
| 3 | LUMENTUM HOLDINGS INC | $0 | 0 | -20,000 | -100.00% | 2.26% | ||||||
| 4 | NVIDIA CORP | $0 | 0 | -315,000 | -100.00% | 8.83% | ||||||
| 5 | ON HLDG AG | $0 | 0 | -300,000 | -100.00% | 1.64% | ||||||
| 6 | PDD HOLDINGS INC | $0 | 0 | -150,000 | -100.00% | 2.46% | ||||||
| 7 | INVESCO QQQ TR QQQ PUT | $7.0M | 1.40% | 630,000 | +630,000 | 2026-06-30 | ||||||
| 8 | PAYPAY CORP PAYP | $7.2M | 1.43% | 500,000 | +500,000 | 2026-06-30 | $14 | ~$14 | +0.00% | |||
| 9 | APPLOVIN CORP APP | $10.3M | 2.06% | 20,000 | +20,000 | 2026-06-30 | $515 | ~$515 | +0.00% | |||
| 10 | BWX TECHNOLOGIES INC BWXT | $15.6M | 3.11% | 80,000 | +80,000 | 2026-06-30 | $195 | ~$195 | +0.00% | |||
| 11 | ROBLOX CORP RBLX | $17.1M | 3.42% | 315,000 | +115,000 | +57.50% | 1.82% | 2026-03-31 | $54 | ~$64 | -14.55% | |
| 12 | ROBINHOOD MKTS INC HOOD | $21.1M | 4.21% | 210,000 | -157,000 | -42.78% | 4.09% | 2026-03-31 | $100 | ~$85 | +17.51% | |
| 13 | VISA INC V | $24.0M | 4.80% | 70,000 | +70,000 | 2026-06-30 | $343 | ~$343 | +0.00% | |||
| 14 | TRIP COM GROUP LTD TCOM | $24.1M | 4.82% | 605,000 | -55,000 | -8.33% | 5.28% | 2024-12-31 | $40 | ~$63 | -36.31% | |
| 15 | MICRON TECHNOLOGY INC MU | $24.2M | 4.84% | 21,000 | -86,000 | -80.37% | 5.81% | 2025-09-30 | $1,154 | ~$228 | +405.84% | |
| 16 | ALPHABET INC GOOGL | $25.0M | 5.00% | 70,000 | -160,000 | -69.57% | 10.63% | 2025-12-31 | $357 | ~$314 | +13.89% | |
| 17 | FUTU HLDGS LTD FUTU | $29.5M | 5.90% | 315,000 | +215,000 | +215.00% | 2.20% | 2025-03-31 | $94 | ~$111 | -15.67% | |
| 18 | AMAZON COM INC AMZN | $31.0M | 6.19% | 130,000 | +130,000 | 2024-12-31 | $238 | ~$216 | +10.10% | |||
| 19 | ALPHABET INC GOOG | $75.3M | 15.04% | 213,000 | -82,000 | -27.80% | 13.61% | 2024-12-31 | $353 | ~$227 | +55.86% | |
| 20 | META PLATFORMS INC META | $88.7M | 17.73% | 157,500 | -31,500 | -16.67% | 17.39% | 2024-12-31 | $563 | ~$638 | -11.72% | |
| 21 | TAIWAN SEMICONDUCTOR MANUFAC TSM | $100.3M | 20.04% | 210,000 | -126,000 | -37.50% | 18.26% | 2024-12-31 | $478 | ~$210 | +127.40% |