
What smart money is saying about Waters Corp
2 funds in our archive have pitched Waters Corp — most recently Artisan U.S. Mid-Cap Growth Strategy in December 2025.
Waters Corporation, a specialty measurement company, provides analytical workflow solutions in Asia, the Americas, and Europe. It operates through two segments, Waters and TA. The company designs, manufactures, sells, and services high and ultra-performance liquid chromatography, as well as mass spectrometry (MS) technology systems and support products, including chromatography columns, other consumable products, and post-warranty service plans. It also designs, manufactures, sells, and services thermal analysis, rheometry, and calorimetry instruments; and develops and supplies software-based products that interface with its instruments, as well as other manufacturers' instruments. Its MS technology instruments are used in drug discovery and development comprising clinical trial testing, the analysis of proteins in disease processes, nutritional safety analysis, and environmental testing. The company offers thermal analysis, rheometry, and calorimetry instruments for use in predicting the suitability and stability of fine chemicals, pharmaceuticals, water, polymers, metals, and viscous liquids for various industrial, consumer good, and healthcare products, as well as for life science research. Its products are used by life science, pharmaceutical, biochemical, industrial, nutritional safety, environmental, academic, and governmental customers working in research and development, quality assurance, and other laboratory applications. Waters Corporation was founded in 1958 and is headquartered in Milford, Massachusetts.
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Position history
Between Q1 2025 and Q2 2026, 8 fund letters reported a position in Waters Corp — 5 trimmed or exited.
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q2 2026 | 4 | 0 | 3 | 0 |
| Q1 2026 | 4 | 0 | 2 | 0 |
| Q4 2025 | 0 | 0 | 0 | 1 |
| Q1 2025 | 0 | 0 | 0 | 1 |
Fund activity · 8 positions · 5 moves
- HoldsFindlay Park American FundJune 2026
“West Pharmaceutical Services and Waters benefited from accelerating organic revenue growth and improved guidance.”
Read the letterWaters Corp - ExitedHarris Associates Global StrategyJune 2026
“We eliminated the following position(s) during the period:”
Read the letterWaters Corp - ExitedClearBridge Investments Dividend StrategyJune 2026
“We also exited the small position in Waters we had received following its spinoff from Becton Dickinson in the first quarter.”
Read the letterWaters Corp - ExitedHarris Associates Global All Cap StrategyJune 2026
“We eliminated the following position(s) during the period:”
Read the letterWaters Corp - Exited1578 Partners, LPMarch 2026
“We sold the shares of WAT we received.”
Read the letterWaters Corp - ExitedBrown Advisory Large-Cap Sustainable ValueMarch 2026
“We sold our shares in WAT and used the proceeds to add to our existing position in BDX.”
Read the letterWaters Corp - HoldsHardman Johnston Large Cap EquityMarch 2026
“Vertex Pharmaceuticals Inc. United States 2.4 Biotechnology Waters Corporation United States 0.3 Life Sciences Tools & Services”
Read the letterWaters Corp - HoldsHardman Johnston Select EquityMarch 2026
Listed in Hardman Johnston Select Equity’s reported holdings.
Read the letterWaters Corp
Fund coverage · 2 theses
- Artisan U.S. Mid-Cap Growth StrategyDecember 2025
Waters provides chromatography and mass spectrometry tools with strong recurring revenue and tailwinds from pharma demand, replacement cycles and biologics exposure.
Read the full thesis - Baron Health Care FundMarch 2025
Waters Corporation is a leading provider of analytical instruments with a strong market position in biopharmaceutical quality control, poised for growth driven by various factors, including new regulations and increased demand in multiple sectors.
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