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 | META PLATFORMS INC META | $73.8M | 25.61% | 100,000 | -50,000 | -33.33% | 38.87% | 2024-12-31 | $738 | ~$582 | +26.80% | |
| 2 | TAIWAN SEMICONDUCTOR MFG LTD TSM | $63.4M | 22.01% | 280,000 | +60,000 | +27.27% | 16.42% | 2024-12-31 | $226 | ~$197 | +14.84% | |
| 3 | MICROSOFT CORP MSFT | $24.9M | 8.63% | 50,000 | +50,000 | 2024-12-31 | $497 | ~$431 | +15.51% | |||
| 4 | TRIP COM GROUP LTD TCOM | $23.5M | 8.14% | 400,000 | -100,000 | -20.00% | 14.29% | 2024-12-31 | $59 | ~$67 | -12.65% | |
| 5 | MARRIOTT INTL INC NEW MAR | $21.9M | 7.58% | 80,000 | +80,000 | 2025-06-30 | $273 | ~$273 | +0.00% | |||
| 6 | PDD HOLDINGS INC PDD | $20.9M | 7.26% | 200,000 | +0 | +0.00% | 10.64% | 2024-12-31 | $105 | ~$102 | +2.28% | |
| 7 | ALPHABET INC GOOG | $17.7M | 6.16% | 100,000 | +100,000 | 2024-12-31 | $177 | ~$190 | -6.85% | |||
| 8 | LULULEMON ATHLETICA INC LULU | $12.6M | 4.37% | 53,000 | +53,000 | 2025-06-30 | $238 | ~$238 | +0.00% | |||
| 9 | YUM CHINA HLDGS INC YUMC | $9.8M | 3.41% | 219,550 | +219,550 | 2025-06-30 | $45 | ~$45 | +0.00% | |||
| 10 | KE HLDGS INC BEKE | $8.9M | 3.08% | 500,000 | +0 | +0.00% | 4.52% | 2024-12-31 | $18 | ~$18 | -3.69% | |
| 11 | CANADA GOOSE HLDGS INC GOOS | $7.4M | 2.56% | 660,000 | +660,000 | 2025-06-30 | $11 | ~$11 | +0.00% | |||
| 12 | INVESCO QQQ TR | $2.5M | 0.86% | 2,520 | +1,520 | +152.00% | 1.06% | 2025-03-31 | $987 | ~$1,940 | -49.12% | |
| 13 | OPERA LTD OPRA | $945K | 0.33% | 50,000 | +50,000 | 2025-06-30 | $19 | ~$19 | +0.00% | |||
| 14 | FUTU HLDGS LTD | $0 | 0 | -100,000 | -100.00% | 4.60% | ||||||
| 15 | HIMAX TECHNOLOGIES INC | $0 | 0 | -500,000 | -100.00% | 1.65% | ||||||
| 16 | INTEL CORP | $0 | 0 | -300,000 | -100.00% | 3.06% | ||||||
| 17 | NVIDIA CORPORATION | $0 | 0 | -100,000 | -100.00% | 4.87% |