UNITED STATES
                      SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C.  20549

                                  FORM 13F

                            FORM 13F COVER PAGE

Report for the Calendar Year or Quarter Ended: September 30, 2009

Check here if Amendment [  ]; Amendment Number:
This amendment (Check only one.): [ ] is a restatement.
                                  [ ] adds new holdings entries.

Institutional Investment Manager Filing this Report:
Name:     Shorewater Advisors LLC
Address:  7825 Washington Avenue South Suite 625
          Minneapolis , Minnesota 55439

13 File Number: 028-13066

The institutional investment manager filing this report and the
person by whom it is signed hereby represent that the person
signing the report is authorized to submit it, that all
information contained herein is true, correct, and complete, and
and that it is understood that all required items, statements,
schedules, lists, and tables, are considered integral parts of
this form


Person Signing this Report on Behalf of Reporting Manager:

Name:    Charles Marais
Title:   CEO
Phone:  952-828-9300
Signature, Place and Date of Signing:

/s/ Charles Marais             Minneapolis, Minnesota          October 28, 2009
- ------------------             ---------------------          ----------------
   [Signature]                      [City, State]                  [Date]



Report Type (Check only one.):
[ X]        13F HOLDINGS REPORT.
[  ]        13F NOTICE.
[  ]        13F COMBINATION REPORT.


I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE
ACT OF 1934

                           FORM 13F SUMMARY PAGE


Report Summary:

Number of Other Included Managers:         0

Form 13F Information Table Entry Total:    21

Form 13F Information Table Value Total:    84013




               
                                                                FORM 13F INFORMATION TABLE
                                                              VALUE   SHARES/ SH/ PUT/ INVSTMT   OTHER        VOTING AUTHORITY
           NAME OF ISSUER        TITLE OF CLASS     CUSIP   x($1000) PRN AMT  PRN CALL DISCRETN MANAGERS   SOLE    SHARED    NONE
  ------------------------------ ---------------- --------- -------- -------- --- ---- -------- --------- -------- -------- --------
D BJ SVCS CO  COM STK            COMMON STOCK     055482103     3012   155000 SH       SOLE                 155000        0        0
D CANDELA CORP  COM STK          COMMON STOCK     136907102      577   174960 SH       SOLE                 174960        0        0
D D&E COMMUNICATIONS I NCORPORAT COMMON STOCK     232860106     1701   148058 SH       SOLE                 148058        0        0
D HLTH CORPORATION  COM STK      COMMON STOCK     40422Y101      314    21483 SH       SOLE                  21483        0        0
D METAVNT TECH                   COMMON STOCK     591407101     4958   143804 SH       SOLE                 143804        0        0
D MSC SOFTWARE CORP  COM STK     COMMON STOCK     553531104     3011   358003 SH       SOLE                 358003        0        0
D NATCO GROUP INC  COM STK       COMMON STOCK     63227W203     9592   216627 SH       SOLE                 216627        0        0
D NYFIX INC COM STK              COMMON STOCK     670712108     2290  1387620 SH       SOLE                1387620        0        0
D OMNITURE INC  COM STK          COMMON STOCK     68212S109      429    20000 SH       SOLE                  20000        0        0
D ON2 TECHNOLOGIES INC  COM STK  COMMON STOCK     68338A107     3135  5313966 SH       SOLE                5313966        0        0
D OSG AMERICA                    COMMON STOCK     671028108      397    39100 SH       SOLE                  39100        0        0
D PEPSI BOTTLING GROUP  INC COM  COMMON STOCK     713409100     5955   163413 SH       SOLE                 163413        0        0
D PEPSIAMERICAS INC COM STK      COMMON STOCK     71343P200     2823    98834 SH       SOLE                  98834        0        0
D PEROT SYSTEMS CORPOR ATION COM COMMON STOCK     714265105     2373    79900 SH       SOLE                  79900        0        0
D SCHERING PLOUGH CORP  COM STK  COMMON STOCK     806605101    11267   398800 SH       SOLE                 398800        0        0
D SEPRACOR INC  COM STK          COMMON STOCK     817315104     4669   203877 SH       SOLE                 203877        0        0
D SUN MICROSYSTEMS INC  COM STK  COMMON STOCK     866810203     3909   430000 SH       SOLE                 430000        0        0
D TEPPCO PARTNERS L P  COM STK   COMMON STOCK     872384102     3642   104890 SH       SOLE                 104890        0        0
D TWEEN BRANDS INC  COM STK      COMMON STOCK     901166108     2197   261872 SH       SOLE                 261872        0        0
D VARIAN INC  COM STK            COMMON STOCK     922206107     6288   123156 SH       SOLE                 123156        0        0
D WYETH SHS                      COMMON STOCK     983024100    11474   236194 SH       SOLE                 236194        0        0
S REPORT SUMMARY                 21 DATA RECORDS               84013  0 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED