Watershed Asset Management, L.L.C.

Q4 2022 13F Holdings Report, Stock Holdings

Signature - Title: Meridee Moore - Senior Managing Member
Location: San Francisco, CA
Holdings as of: December 31, 2022
Value $: $78.9M
Num holdings: 115
Date filed: 2/3/2023, 06:05 AM
Form type: 13F-HR
Description: All US holdings of this investor are reported in this report. Top holdings included VEU, SPY, IEF, MA, and MSFT.
Previous filing: Q3 2022 - Nov 14, 2022
Next filing: Q1 2023 - May 5, 2023
SEC: View on sec.gov

Sym	Weight	Trade Impact	Company	Class	Shares Change	Activity	Value Change $	Value $	* Price $	Shares	Principal
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Filing 2022 Q4 compared to 2022 Q3 by default.

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* Reported Price is the price of the security as of the portfolio date. This value is significant in that it is the last known price at which the security was still held.
An asterisk sign (*) next to the price indicates that the price is likely invalid.

Person Signing this Report on Behalf of Reporting Manager:

Name	Title	City, State	Date
Meridee Moore	Senior Managing Member	San Francisco, California	2/3/2023