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