Waterloo Capital, L.P.

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CIK 1730942

13F portfolio (2026-Q1)

$1.4B

Positions

479

Implied 1Y CAGR

modeled · as filed

Long positions in SEC Section 13(f) securities (US-listed stocks, ADRs and ETFs), largest first · Δ vs 2025-Q4. A lagged quarterly snapshot (filed ≤45 days after quarter-end); excludes shorts, options, cash, and shares listed only on non-US exchanges — foreign companies held via a US listing or ADR (e.g. Alibaba, TSMC) ARE included.

Implied return what this book implies · modeled, not advice methodology →

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As filed = each book applied at its quarter-end (what the reported book did) · As copyable = applied at its statutory 45-day filing deadline (what a 13F follower could have earned).

Computing…

Hypothetical modeled performance constructed with hindsight — not actual results, and not indicative of future results. See the Disclaimer.

Exposures · what this manager owns, by sector & size (2026-Q1)

Holdings

479

Top 5

15.1%

Top 10

25.3%

Effective N

87.8

HHI

0.011

This quarter

77 new · 0 exit →

By sector

Unclassified58.8%

Information Technology9.9%

Consumer Discretionary7.8%

Financials4.0%

Real Estate3.8%

Utilities3.3%

Industrials3.1%

Communication Services2.5%

Other6.8%

By market cap

Unknown59.7%

Mega (>$200B)20.9%

Large ($10–200B)16.4%

Mid ($2–10B)2.7%

Small ($300M–2B)0.3%

Micro (<$300M)0.0%

By region

Other58.8%

North America40.9%

Europe0.1%

Asia-Pacific0.1%

By industry group GICS — finer than sector

Industry group	Weight	Names
Unclassified	59.13%	164
Specialty Retail	6.40%	13
Semiconductors & Semiconductor Equipment	4.06%	13
Equity Real Estate Investment Trusts (REITs)	3.71%	25
Utilities	3.31%	23
Technology Hardware & Equipment	3.24%	16
Software & IT Services	2.03%	7
Banks	1.94%	20
Software	1.91%	13
Pharmaceuticals & Biotechnology	1.57%	13
Oil, Gas & Consumable Fuels	1.26%	17
Commercial Services & Supplies	1.16%	14
Tobacco	0.91%	2
Insurance	0.82%	11
Chemicals	0.79%	13
Machinery	0.78%	14
Health Care Providers & Services	0.56%	3
Aerospace & Defense	0.56%	9
Beverages	0.52%	5
Automobiles & Components	0.50%	3
Capital Markets	0.49%	7
Hotels, Restaurants & Leisure	0.48%	3
Health Care Equipment & Supplies	0.45%	7
Diversified Telecommunication Services	0.41%	3
Metals & Mining	0.37%	11
Distributors	0.36%	7
Construction & Engineering	0.36%	4
Food Products	0.32%	6
Electrical Equipment & Components	0.31%	3
Media & Entertainment	0.29%	3
Road & Rail	0.26%	4
Communications Equipment	0.12%	5
Food & Staples Retailing	0.11%	2
Paper & Forest Products	0.07%	1
Textiles, Apparel & Luxury Goods	0.07%	1
Transportation Infrastructure	0.06%	2
Airlines	0.06%	2
Construction Materials	0.05%	2
Real Estate Management & Development	0.05%	1
Marine	0.04%	2
Life Sciences Tools & Services	0.04%	2
Agricultural Products	0.03%	1
Entertainment	0.03%	1
Household Durables	0.02%	1

Top holdings

#	Ticker	Name	Sector	Weight
1	WMT	Walmart Inc.	Consumer Discretionary	4.43%
2	IVV	ISHARES TR	Unclassified	3.68%
3	SPYG	SPDR SERIES TRUST STATE STREET SPD	Unclassified	2.41%
4	FENI	FIDELITY COVINGTON TRUST	Unclassified	2.30%
5	ACIO	ETF SER SOLUTIONS	Unclassified	2.25%
6	AAPL	Apple Inc.	Information Technology	2.20%
7	DFLV	DIMENSIONAL ETF TRUST	Unclassified	2.11%
8	NVDA	NVIDIA CORP	Information Technology	2.06%
9	RSP	INVESCO EXCHANGE TRADED FD T	Unclassified	2.05%
10	QQQM	INVESCO EXCH TRADED FD TR II	Unclassified	1.85%

316/479 names classified · sector 41.2% of weight · industry 40.9% · mkt cap 40.3%; unclassified names shown, never dropped.

Sector allocation over time · how the GICS mix & top names shifted quarter by quarter

top 5/sector, rest → “Other” · 14 quarters

Information TechnologyAAPL, MSFT, NVDA, AVGO, INTC · other

Consumer DiscretionaryWMT, AMZN, HD, MCD, SBUX · other

FinancialsBX, V, JPM, UNH, BLK · other

Real EstateRITM, SBRA, OHI, AMT, WPC · other

IndustrialsBR, URI, MMM, WM, MSCI · other

Communication ServicesGOOGL, GOOG, META, NFLX, TMUS · other

UtilitiesCWEN, KMI, OKE, SO, ATO · other

Consumer StaplesPEP, PM, MO, KO, CVS · other

Health CareABBV, JNJ, CHE, DGX, LLY · other

EnergyXOM, FANG, CVX, VLO, COP · other

MaterialsPG, DOW, PKG, LIN, LYB · other

UnclassifiedACIO, DRSK, BSV, ADME, AOA · other

Sector is classified on each name's CURRENT fundamentals, not point-in-time — apparent sector drift can reflect the market re-rating a holding, not a manager trade. 13F is a lagged quarterly snapshot of long positions in US-listed securities only — foreign companies held via a US listing or ADR ARE included, but shares listed only on non-US exchanges (plus shorts, options and cash) are not. Latest quarter: 41.2% of the book is sector-classified (unclassified names shown, never dropped).

Style box · size × value-growth placement of the reported book (2026-Q1), classified on current fundamentals (not point-in-time) — load it into PORT to overlay your own portfolio

Only 39% of book weight classified — the grid is NOT representative of the whole book.

holdings, colored by sector (286 classified)Waterloo Capital, L.P. centroid (Large Core)

Information TechnologyConsumer DiscretionaryFinancialsReal EstateIndustrialsUtilitiesCommunication ServicesHealth CareConsumer StaplesMaterialsEnergy

Style box summary for Waterloo Capital, L.P.: centroid Large Core. Heaviest cells: Large Growth 17.6%, Large Core 5.9%, Large Value 5.0%.

Classified: 39.3% of book weight (286/477 names) · unclassified 60.7%: IVV, SPYG, FENI, ACIO, DFLV, RSP, QQQM, IDUB, GBIL, EMXC +181 more. Size: cap 70/20/10 bands; style: value/growth composite on our own metrics — not Morningstar's model.

Contribution holdings-based, any period

No contribution data for this period.

Holdings· 479 positions (2026-Q1) · largest first · Δ vs 2025-Q4

#	Security	Shares	Value	Weight	Δ QoQ
1	WMTWALMART INC	507,239	$63M	4.4%	ADD 17%
2	IVVISHARES TR	80,219	$52M	3.7%	HOLD
3	SPYGSPDR SERIES TRUST STATE STREET SPD	351,013	$34M	2.4%	TRIM −11%
4	FENIFIDELITY COVINGTON TRUST	878,848	$33M	2.3%	ADD 29%
5	ACIOETF SER SOLUTIONS	762,012	$32M	2.2%	HOLD
6	AAPLAPPLE INC	123,320	$31M	2.2%	TRIM −12%
7	DFLVDIMENSIONAL ETF TRUST	843,190	$30M	2.1%	NEW
8	NVDANVIDIA CORPORATION	168,374	$29M	2.1%	HOLD
9	RSPINVESCO EXCHANGE TRADED FD T	151,987	$29M	2.0%	HOLD
10	QQQMINVESCO EXCH TRADED FD TR II	110,646	$26M	1.8%	TRIM −13%
11	IDUBETF SER SOLUTIONS	973,021	$24M	1.7%	HOLD
12	GBILGOLDMAN SACHS ETF TR	231,921	$23M	1.6%	ADD 20%
13	EMXCISHARES INC	289,177	$23M	1.6%	ADD 247%
14	JCPBJ P MORGAN EXCHANGE TRADED F	449,902	$21M	1.5%	HOLD
15	DRSKETF SER SOLUTIONS	718,009	$20M	1.4%	ADD 6%
16	VOOVANGUARD INDEX FDS	32,396	$19M	1.4%	HOLD
17	VEAVANGUARD TAX-MANAGED FDS	298,169	$19M	1.3%	HOLD
18	OSCVETF SER SOLUTIONS	463,754	$18M	1.3%	HOLD
19	MSFTMICROSOFT CORP	42,638	$16M	1.1%	TRIM −7%
20	MUBISHARES TR	137,938	$15M	1.0%	HOLD
21	AVGOBROADCOM INC	46,117	$14M	1.0%	TRIM −5%
22	SPYMSPDR SERIES TRUST	181,838	$14M	1.0%	TRIM −6%
23	BSVVANGUARD BD INDEX FDS	165,432	$13M	0.9%	ADD 74%
24	ADMEETF SER SOLUTIONS	258,743	$13M	0.9%	HOLD
25	SMHVANECK ETF TRUST	32,797	$13M	0.9%	ADD 69%
26	AMZNAMAZON COM INC	60,024	$13M	0.9%	HOLD
27	SLQDISHARES TR	241,981	$12M	0.9%	ADD 17%
28	JPIEJ P MORGAN EXCHANGE TRADED F	239,785	$11M	0.8%	ADD 29%
29	SPTISPDR SERIES TRUST	385,062	$11M	0.8%	ADD 7%
30	SPLVINVESCO EXCH TRADED FD TR II	146,450	$11M	0.8%	ADD 938%
31	BILSPDR SERIES TRUST	115,508	$11M	0.7%	ADD 1432%
32	UPSDETF SER SOLUTIONS	405,018	$10M	0.7%	HOLD
33	SPYSTATE STR SPDR S&P 500 ETF T	15,829	$10M	0.7%	TRIM −5%
34	SHYGISHARES TR	241,652	$10M	0.7%	TRIM −8%
35	GOOGALPHABET INC	34,103	$10M	0.7%	TRIM −10%
36	GOOGLALPHABET INC	33,857	$10M	0.7%	ADD 25%
37	IAUISHARES GOLD TR	109,094	$10M	0.7%	ADD 27%
38	IWDISHARES TR	44,912	$10M	0.7%	TRIM −70%
39	IEFAISHARES TR	104,499	$9M	0.7%	TRIM −11%
40	VWOVANGUARD INTL EQUITY INDEX F	172,320	$9M	0.7%	HOLD
41	AGGISHARES TR	88,921	$9M	0.6%	ADD 43%
42	SJNKSPDR SERIES TRUST	340,418	$9M	0.6%	TRIM −10%
43	XLISELECT SECTOR SPDR TR	51,754	$8M	0.6%	ADD 1002%
44	IEFISHARES TR	84,744	$8M	0.6%	TRIM −38%
45	DUBSETF SER SOLUTIONS	216,432	$8M	0.5%	HOLD
46	EWJISHARES INC	91,065	$8M	0.5%	HOLD
47	BKGIBNY MELLON ETF TRUST	168,663	$8M	0.5%	ADD 148%
48	LQDISHARES TR	67,015	$7M	0.5%	ADD 17%
49	SPYDSPDR SERIES TRUST	156,327	$7M	0.5%	ADD 5%
50	PMPHILIP MORRIS INTL INC	41,374	$7M	0.5%	HOLD
51	SGOVISHARES TR	67,543	$7M	0.5%	ADD 452%
52	SPHYSPDR SERIES TRUST	289,286	$7M	0.5%	TRIM −30%
53	TSLATESLA INC	16,753	$6M	0.4%	TRIM −2%
54	MOALTRIA GROUP INC	93,629	$6M	0.4%	ADD 7%
55	OHIOMEGA HEALTHCARE INVS INC	140,304	$6M	0.4%	ADD 7%
56	IEMGISHARES INC	86,966	$6M	0.4%	TRIM −68%
57	QQQINVESCO QQQ TR	10,392	$6M	0.4%	ADD 6%
58	ACWXISHARES TR	87,100	$6M	0.4%	HOLD
59	METAMETA PLATFORMS INC	10,250	$6M	0.4%	TRIM −6%
60	XOMEXXON MOBIL CORP	34,170	$6M	0.4%	TRIM −4%
61	CWENCLEARWAY ENERGY INC	147,151	$6M	0.4%	HOLD
62	JNJJOHNSON & JOHNSON	23,463	$6M	0.4%	HOLD
63	SBRASABRA HEALTH CARE REIT INC	297,136	$6M	0.4%	ADD 12%
64	JPMJPMORGAN CHASE & CO	18,850	$6M	0.4%	HOLD
65	ATOATMOS ENERGY CORP	28,594	$5M	0.4%	HOLD
66	SPGSIMON PPTY GROUP INC NEW	28,237	$5M	0.4%	ADD 24%
67	INFLLISTED FDS TR	97,940	$5M	0.4%	TRIM −2%
68	STXSEAGATE TECHNOLOGY HLDNGS PL	12,891	$5M	0.4%	TRIM −39%
69	WFCWELLS FARGO CO NEW	62,561	$5M	0.3%	TRIM −7%
70	DGXQUEST DIAGNOSTICS INC	24,819	$5M	0.3%	TRIM −6%
71	SPYVSPDR SERIES TRUST	83,313	$5M	0.3%	HOLD
72	KMIKINDER MORGAN INC DEL	140,012	$5M	0.3%	HOLD
73	GBDCGOLUB CAP BDC INC	370,410	$5M	0.3%	ADD 145%
74	VVISA INC	15,470	$5M	0.3%	TRIM −4%
75	ABBVABBVIE INC	21,054	$5M	0.3%	TRIM −6%
76	AMANTERO MIDSTREAM CORP	197,654	$5M	0.3%	HOLD
77	SOSOUTHERN CO	45,995	$4M	0.3%	ADD 5%
78	SCHXSCHWAB U.S. LARGE-CAP ETF	167,463	$4M	0.3%	TRIM −5%
79	DEFRAPTUS DEFERRED INCOME ETF	161,399	$4M	0.3%	HOLD
80	JUCYETF SER SOLUTIONS	189,835	$4M	0.3%	ADD 24%
81	PPAINVESCO EXCHANGE TRADED FD T	25,310	$4M	0.3%	NEW
82	KOCOCA COLA CO	54,537	$4M	0.3%	HOLD
83	BRK.BBERKSHIRE HATHAWAY INC DEL	8,624	$4M	0.3%	TRIM −15%
84	PLTRPALANTIR TECHNOLOGIES INC	27,474	$4M	0.3%	ADD 5%
85	CTASIMPLIFY EXCHANGE TRADED FUN	129,051	$4M	0.3%	NEW
86	RITMRITHM CAPITAL CORP	406,236	$4M	0.3%	HOLD
87	TNLTRAVEL PLUS LEISURE CO	55,433	$4M	0.3%	HOLD
88	PWRQUANTA SVCS INC	6,901	$4M	0.3%	TRIM −5%
89	OKEONEOK INC NEW	41,193	$4M	0.3%	ADD 31%
90	NFLXNETFLIX INC	37,560	$4M	0.3%	HOLD
91	CSNRCOHEN & STEERS ETF TRUST	95,380	$4M	0.3%	NEW
92	FTCSFIRST TR EXCHANGE-TRADED FD	37,975	$4M	0.2%	HOLD
93	FITBFIFTH THIRD BANCORP	75,749	$4M	0.2%	HOLD
94	MMM3M CO	24,096	$3M	0.2%	HOLD
95	LNCLINCOLN NATL CORP IND	97,764	$3M	0.2%	HOLD
96	MGVVANGUARD WORLD FD	23,730	$3M	0.2%	ADD 682%
97	LLYELI LILLY & CO	3,663	$3M	0.2%	TRIM −12%
98	STWDSTARWOOD PPTY TR INC	195,300	$3M	0.2%	HOLD
99	VTIVANGUARD INDEX FDS	10,436	$3M	0.2%	HOLD
100	MRKMERCK & CO INC	27,070	$3M	0.2%	ADD 3%
101	HSTHOST HOTELS & RESORTS INC	169,230	$3M	0.2%	HOLD
102	IBITISHARES BITCOIN TRUST ETF	82,263	$3M	0.2%	ADD 14%
103	XLFSELECT SECTOR SPDR TR	63,450	$3M	0.2%	TRIM −73%
104	BOXXEA SERIES TRUST	26,482	$3M	0.2%	NEW
105	NEENEXTERA ENERGY INC	33,108	$3M	0.2%	TRIM −8%
106	LADRLADDER CAP CORP	310,748	$3M	0.2%	HOLD
107	AGNCAGNC Investment Corp	301,937	$3M	0.2%	HOLD
108	VZVERIZON COMMUNICATIONS INC	59,955	$3M	0.2%	TRIM −6%
109	BACBANK AMERICA CORP	61,682	$3M	0.2%	TRIM −21%
110	FANGDIAMONDBACK ENERGY INC	15,072	$3M	0.2%	ADD 14%
111	CASYCASEYS GEN STORES INC	4,093	$3M	0.2%	ADD 17%
112	FEFIRSTENERGY CORP	58,634	$3M	0.2%	ADD 3%
113	LYBLYONDELLBASELL INDUSTRIES N	35,730	$3M	0.2%	NEW
114	ARCCARES CAPITAL CORP	157,677	$3M	0.2%	HOLD
115	QUALISHARES TR	14,559	$3M	0.2%	TRIM −55%
116	COSTCOSTCO WHSL CORP NEW	2,773	$3M	0.2%	ADD 5%
117	HTGCHERCULES CAPITAL INC	186,760	$3M	0.2%	HOLD
118	OUTOUTFRONT MEDIA INC	103,916	$3M	0.2%	TRIM −4%
119	UGIUGI CORP NEW	74,708	$3M	0.2%	HOLD
120	TJXTJX COS INC NEW	16,922	$3M	0.2%	TRIM −18%
121	EMLCVANECK ETF TRUST	106,967	$3M	0.2%	TRIM −51%
122	LTCLTC PPTYS INC	71,483	$3M	0.2%	ADD 3%
123	JBHTHUNT J B TRANS SVCS INC	12,447	$3M	0.2%	ADD 41%
124	MCDMCDONALDS CORP	8,356	$3M	0.2%	TRIM −2%
125	TSLXSIXTH STREET SPECIALTY LENDI	140,877	$3M	0.2%	HOLD
126	VICIVICI PPTYS INC	90,562	$2M	0.2%	NEW
127	HFXINEW YORK LIFE INVESTMENTS ET	73,550	$2M	0.2%	HOLD
128	TSNTYSON FOODS INC	38,131	$2M	0.2%	HOLD
129	IYEISHARES TR	37,534	$2M	0.2%	HOLD
130	GLDSPDR GOLD TR	5,611	$2M	0.2%	ADD 65%
131	APHAMPHENOL CORP	18,124	$2M	0.2%	ADD 26%
132	BXBLACKSTONE INC	18,914	$2M	0.2%	TRIM −37%
133	CVXCHEVRON CORP NEW	10,489	$2M	0.2%	ADD 17%
134	VEUVANGUARD INTL EQUITY INDEX F	28,681	$2M	0.2%	ADD 106%
135	PGRPROGRESSIVE CORP	10,826	$2M	0.2%	ADD 8%
136	HDHOME DEPOT INC	6,517	$2M	0.2%	TRIM −15%
137	BLKBLACKROCK INC	2,156	$2M	0.1%	TRIM −11%
138	XLCSELECT SECTOR SPDR TR	18,685	$2M	0.1%	TRIM −65%
139	LHXL3HARRIS TECHNOLOGIES INC	5,933	$2M	0.1%	TRIM −21%
140	AMTAMERICAN TOWER CORP	11,820	$2M	0.1%	ADD 36%
141	PEPPEPSICO INC	13,122	$2M	0.1%	ADD 57%
142	FFINFIRST FINL BANKSHARES INC	68,955	$2M	0.1%	HOLD
143	LDOSLEIDOS HOLDINGS INC	13,030	$2M	0.1%	HOLD
144	GDXVANECK ETF TRUST GOLD MINERS ETF	22,009	$2M	0.1%	NEW
145	ASMLASML HOLDING N V	1,508	$2M	0.1%	TRIM −24%
146	AMDADVANCED MICRO DEVICES INC	9,724	$2M	0.1%	ADD 45%
147	CINFCINCINNATI FINL CORP	12,362	$2M	0.1%	TRIM −18%
148	SPGIS&P GLOBAL INC	4,565	$2M	0.1%	TRIM −15%
149	WELLWELLTOWER INC	9,540	$2M	0.1%	TRIM −9%
150	EMREMERSON ELEC CO	14,094	$2M	0.1%	TRIM −17%
151	VRTVERTIV HOLDINGS CO	7,368	$2M	0.1%	TRIM −15%
152	PGPROCTER AND GAMBLE CO	12,744	$2M	0.1%	ADD 11%
153	XLKSELECT SECTOR SPDR TR	13,790	$2M	0.1%	TRIM −4%
154	IYJISHARES TR	12,047	$2M	0.1%	HOLD
155	DLRDIGITAL RLTY TR INC	9,682	$2M	0.1%	TRIM −11%
156	TAT&T INC	59,785	$2M	0.1%	HOLD
157	CCICROWN CASTLE INC	21,140	$2M	0.1%	HOLD
158	BTCGRAYSCALE BITCOIN MINI TR ET	57,269	$2M	0.1%	NEW
159	SCHGSCHWAB U.S. LARGE-CAP GROWTH ETF	58,347	$2M	0.1%	TRIM −7%
160	FVDFIRST TR EXCHANGE-TRADED FD	36,039	$2M	0.1%	HOLD
161	WMBWILLIAMS COS INC	23,168	$2M	0.1%	ADD 38%
162	BRBROADRIDGE FINL SOLUTIONS IN	10,348	$2M	0.1%	ADD 3%
163	IBMINTERNATIONAL BUSINESS MACHS	6,901	$2M	0.1%	TRIM −22%
164	CHECHEMED CORP NEW	4,370	$2M	0.1%	ADD 27%
165	CORCENCORA INC	5,173	$2M	0.1%	TRIM −13%
166	ORCLORACLE CORP	10,971	$2M	0.1%	TRIM −10%
167	CPRTCOPART INC	48,568	$2M	0.1%	ADD 20%
168	UBERUBER TECHNOLOGIES INC	21,482	$2M	0.1%	TRIM −13%
169	RAAXVANECK ETF TRUST	37,514	$2M	0.1%	NEW
170	NOWSERVICENOW INC	14,460	$2M	0.1%	TRIM −28%
171	HCAHCA HEALTHCARE INC	3,189	$2M	0.1%	ADD 7%
172	MUMICRON TECHNOLOGY INC	4,438	$1M	0.1%	ADD 13%
173	AMATAPPLIED MATLS INC	4,205	$1M	0.1%	ADD 55%
174	CCITIGROUP INC	12,534	$1M	0.1%	ADD 5%
175	LINLINDE PLC	2,867	$1M	0.1%	ADD 37%
176	PANWPALO ALTO NETWORKS INC	8,802	$1M	0.1%	TRIM −19%
177	AOKISHARES TR	35,302	$1M	0.1%	TRIM −2%
178	RFREGIONS FINANCIAL CORP NEW	53,835	$1M	0.1%	TRIM −60%
179	ROSTROSS STORES INC	6,470	$1M	0.1%	ADD 13%
180	CEGCONSTELLATION ENERGY CORP	4,984	$1M	0.1%	TRIM −13%
181	VRTXVERTEX PHARMACEUTICALS INC	3,068	$1M	0.1%	TRIM −22%
182	CATCATERPILLAR INC	1,916	$1M	0.1%	TRIM −4%
183	OUNZVanEck Merk Gold Trust	29,118	$1M	0.1%	NEW
184	NEMNEWMONT CORP	12,070	$1M	0.1%	TRIM −16%
185	TSMTAIWAN SEMICONDUCTOR MFG LTD	3,861	$1M	0.1%	ADD 4%
186	IYKISHARES TR	18,622	$1M	0.1%	HOLD
187	LRCXLAM RESEARCH CORP	6,096	$1M	0.1%	ADD 14%
188	GEVGE VERNOVA INC	1,485	$1M	0.1%	ADD 72%
189	GLDMWORLD GOLD TR	13,967	$1M	0.1%	HOLD
190	WLFCWILLIS LEASE FIN CORP	7,589	$1M	0.1%	NEW
191	GEGE AEROSPACE	4,543	$1M	0.1%	TRIM −17%
192	JBLJabil Circuit, Inc.	4,848	$1M	0.1%	NEW
193	MAMASTERCARD INCORPORATED	2,550	$1M	0.1%	TRIM −4%
194	ETNEATON CORP PLC	3,463	$1M	0.1%	ADD 11%
195	VONGVANGUARD SCOTTSDALE FDS	11,214	$1M	0.1%	TRIM −27%
196	JHMMJOHN HANCOCK EXCHANGE TRADED	18,012	$1M	0.1%	HOLD
197	LNGCheniere Energy, Inc	4,224	$1M	0.1%	NEW
198	IJRISHARES TR	9,267	$1M	0.1%	HOLD
199	TMOTHERMO FISHER SCIENTIFIC INC	2,333	$1M	0.1%	TRIM −21%
200	KTOSKRATOS DEFENSE & SEC SOLUTIO	16,260	$1M	0.1%	TRIM −34%

showing the top 200 by weight

Position trends· top 15 holdings · shares held over 6 quarters

green added · red trimmed

Security

2024-Q4

2025-Q1

2025-Q2

2025-Q3

2025-Q4

2026-Q1

Latest value

WMTWALMART INC

305K

310K

358K

404K

435K

507K

$63M

IVVISHARES TR

56K

63K

74K

75K

79K

80K

$52M

SPYGSPDR SERIES TRUST STATE STREET SPD

297K

316K

377K

410K

395K

351K

$34M

FENIFIDELITY COVINGTON TRUST

—

681K

879K

$33M

ACIOETF SER SOLUTIONS

612K

771K

840K

841K

759K

762K

$32M

AAPLAPPLE INC

78K

108K

112K

132K

140K

123K

$31M

DFLVDIMENSIONAL ETF TRUST

—

843K

$30M

NVDANVIDIA CORPORATION

88K

120K

148K

167K

170K

168K

$29M

RSPINVESCO EXCHANGE TRADED FD T

148K

179K

216K

148K

150K

152K

$29M

QQQMINVESCO EXCH TRADED FD TR II

109K

125K

110K

127K

111K

$26M

IDUBETF SER SOLUTIONS

767K

859K

923K

934K

977K

973K

$24M

GBILGOLDMAN SACHS ETF TR

114K

305K

328K

231K

193K

232K

$23M

EMXCISHARES INC

—

83K

289K

$23M

JCPBJ P MORGAN EXCHANGE TRADED F

104K

187K

356K

445K

452K

450K

$21M

DRSKETF SER SOLUTIONS

563K

633K

697K

706K

679K

718K

$20M

Shares reported each quarter by the largest current holdings. Green = added vs the prior filing of that name, red = trimmed, grey = roughly held; a dash is a quarter with no 13F on file (a gap is skipped, not read as an exit). 13F is filed up to 45 days after quarter-end. Up to 40 quarters (10 years) available — use the selector above.

☆Waterloo Capital, L.P.

Implied return what this book implies · modeled, not advice methodology →

Exposures · what this manager owns, by sector & size (2026-Q1)

By sector

By market cap

By region

By industry group GICS — finer than sector

Top holdings

Sector allocation over time · how the GICS mix & top names shifted quarter by quarter

Style box · size × value-growth placement of the reported book (2026-Q1), classified on current fundamentals (not point-in-time) — load it into PORT to overlay your own portfolio

Contribution holdings-based, any period

Holdings· 479 positions (2026-Q1) · largest first · Δ vs 2025-Q4

Position trends· top 15 holdings · shares held over 6 quarters

Related· where to look next

Waterloo Capital, L.P.