Breakwater Investment Management — 13F Holdings & Portfolio
CIK 2025925 · latest 13F-HR filed 2026-05-15
AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.
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AUM
$268.9M
Long-equity book
Holdings
506
Distinct positions
Period
2026-03-31
Filed 2026-05-15
Q/Q Activity
+78 / −69 / ↑147 / ↓123
vs 2025-12-31
Firm Profile & Key People
| Name | Title / Status | Ownership | Type |
|---|
Top Adds (vs prior quarter)
- SPDR SERIES TRUST$1.7M +1448.0%
- SCHWAB STRATEGIC TR$1.0M +20.1%
- SPDR SERIES TRUST$852.3K +727.1%
- ISHARES TR$846.0K +18.8%
- SPDR SERIES TRUST$754.6K +44.2%
Top Trims
- MICROSOFT CORP-$3.0M -24.4%
- VANGUARD INDEX FDS-$2.7M -6.6%
- VANGUARD CHARLOTTE FDS-$2.3M -20.0%
- SCHWAB STRATEGIC TR-$1.3M -5.8%
- VANGUARD BD INDEX FDS-$968.2K -8.6%
New Positions
- BUNGE GLOBAL SA$15.9K
- BP PLC$14.1K
- ENBRIDGE INC$8.1K
- ISHARES TR$6.3K
- DOW HLDGS INC$5.2K
Exited Positions
- SELECT SECTOR SPDR TR$654.3K
- L3HARRIS TECHNOLOGIES INC$2.9K
- ALNYLAM PHARMACEUTICALS INC$796
- APTIV PLC$761
- INGERSOLL RAND INC$713
All Holdings
Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).
| # | Issuer | Symbol | CUSIP | Value | Weight | Shares | Type |
|---|---|---|---|---|---|---|---|
| 1 | VANGUARD INDEX FDS | VTI | 922908769 | $37.7M | 14.01% | 117,486 | SH |
| 2 | SCHWAB STRATEGIC TR | SCHB | 808524102 | $21.5M | 8.01% | 858,181 | SH |
| 3 | VANGUARD STAR FDS | VXUS | 921909768 | $17.7M | 6.59% | 229,707 | SH |
| 4 | VANGUARD BD INDEX FDS | BND | 921937835 | $10.3M | 3.84% | 140,199 | SH |
| 5 | MICROSOFT CORP | MSFT | 594918104 | $9.2M | 3.44% | 24,974 | SH |
| 6 | VANGUARD CHARLOTTE FDS | BNDX | 92203J407 | $9.2M | 3.43% | 192,129 | SH |
| 7 | SPDR SERIES TRUST | SPTM | 78464A805 | $7.3M | 2.73% | 92,755 | SH |
| 8 | VANGUARD INTL EQUITY INDEX F | VEU | 922042775 | $7.1M | 2.63% | 94,192 | SH |
| 9 | VANGUARD MALVERN FDS | VCRB | 922020748 | $6.6M | 2.45% | 85,096 | SH |
| 10 | SCHWAB STRATEGIC TR | SCCR | 808524599 | $6.2M | 2.30% | 241,006 | SH |
| 11 | VANGUARD INTL EQUITY INDEX F | VT | 922042742 | $5.9M | 2.19% | 42,547 | SH |
| 12 | VANGUARD WHITEHALL FDS | VYM | 921946406 | $5.7M | 2.13% | 38,648 | SH |
| 13 | STATE STR SPDR S&P 500 ETF T | SPY | 78462F103 | $5.6M | 2.09% | 8,654 | SH |
| 14 | VANGUARD INTL EQUITY INDEX F | VWO | 922042858 | $5.6M | 2.09% | 103,851 | SH |
| 15 | ISHARES TR | IAGG | 46435G672 | $5.4M | 1.99% | 107,033 | SH |
| 16 | SCHWAB STRATEGIC TR | SCHF | 808524805 | $5.3M | 1.95% | 212,433 | SH |
| 17 | VANGUARD SPECIALIZED FUNDS | VIG | 921908844 | $5.1M | 1.89% | 23,619 | SH |
| 18 | VANGUARD WORLD FD | MGK | 921910816 | $4.5M | 1.66% | 12,122 | SH |
| 19 | SCHWAB STRATEGIC TR | SCHD | 808524797 | $4.4M | 1.65% | 144,304 | SH |
| 20 | VANGUARD WORLD FD | MGV | 921910840 | $4.4M | 1.63% | 30,151 | SH |
| 21 | AMAZON COM INC | AMZN | 023135106 | $4.3M | 1.60% | 20,711 | SH |
| 22 | VANGUARD SCOTTSDALE FDS | VGSH | 92206C102 | $3.8M | 1.43% | 65,766 | SH |
| 23 | VANGUARD WHITEHALL FDS | VYMI | 921946794 | $3.3M | 1.24% | 35,491 | SH |
| 24 | SCHWAB STRATEGIC TR | SCHZ | 808524839 | $3.2M | 1.19% | 138,219 | SH |
| 25 | SCHWAB STRATEGIC TR | SCHO | 808524862 | $2.8M | 1.04% | 115,683 | SH |
| 26 | SPDR INDEX SHS FDS | SPDW | 78463X889 | $2.7M | 1.01% | 59,550 | SH |
| 27 | SPDR SERIES TRUST | SPAB | 78464A649 | $2.5M | 0.91% | 96,049 | SH |
| 28 | SPDR INDEX SHS FDS | GII | 78463X855 | $2.3M | 0.87% | 30,607 | SH |
| 29 | SCHWAB STRATEGIC TR | SCHE | 808524706 | $2.1M | 0.78% | 63,897 | SH |
| 30 | VANGUARD WHITEHALL FDS | VWOB | 921946885 | $2.0M | 0.73% | 29,691 | SH |
| 31 | SCHWAB STRATEGIC TR | SCHP | 808524870 | $1.9M | 0.72% | 72,575 | SH |
| 32 | SCHWAB STRATEGIC TR | SCMB | 808524649 | $1.9M | 0.70% | 73,509 | SH |
| 33 | SPDR SERIES TRUST | EMHC | 78468R515 | $1.8M | 0.66% | 71,769 | SH |
| 34 | VANGUARD INDEX FDS | VNQ | 922908553 | $1.6M | 0.59% | 18,014 | SH |
| 35 | VANGUARD INTL EQUITY INDEX F | VGK | 922042874 | $1.5M | 0.57% | 18,538 | SH |
| 36 | ISHARES INC | EUHY | 464286210 | $1.5M | 0.54% | 27,896 | SH |
| 37 | VANGUARD MALVERN FDS | VTIP | 922020805 | $1.4M | 0.54% | 28,816 | SH |
| 38 | VANGUARD MUN BD FDS | VTEB | 922907746 | $1.4M | 0.51% | 27,617 | SH |
| 39 | SCHWAB STRATEGIC TR | SCHX | 808524201 | $1.4M | 0.51% | 53,631 | SH |
| 40 | VANGUARD INDEX FDS | VUG | 922908736 | $1.4M | 0.51% | 3,147 | SH |
| 41 | SCHWAB STRATEGIC TR | SCHH | 808524847 | $1.3M | 0.49% | 61,899 | SH |
| 42 | VANGUARD WHITEHALL FDS | VIGI | 921946810 | $1.3M | 0.49% | 14,788 | SH |
| 43 | SPDR GOLD TR | GLD | 78463V107 | $1.3M | 0.48% | 3,031 | SH |
| 44 | J P MORGAN EXCHANGE TRADED F | BBEU | 46641Q191 | $1.3M | 0.48% | 17,718 | SH |
| 45 | VANGUARD TAX-MANAGED FDS | VEA | 921943858 | $1.3M | 0.47% | 19,745 | SH |
| 46 | ISHARES TR | STIP | 46429B747 | $1.2M | 0.46% | 12,010 | SH |
| 47 | VANGUARD INDEX FDS | VTV | 922908744 | $1.2M | 0.46% | 6,272 | SH |
| 48 | VANGUARD SCOTTSDALE FDS | VGIT | 92206C706 | $1.2M | 0.45% | 20,334 | SH |
| 49 | ALPHABET INC | GOOGL | 02079K305 | $1.2M | 0.45% | 4,202 | SH |
| 50 | VANGUARD WORLD FD | MGC | 921910873 | $1.2M | 0.43% | 4,905 | SH |
Filing History
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-03-31 | 2026-05-15 | $268.9M | 506 | 0002025925-26-000004 |
| 2025-12-31 | 2026-02-02 | $276.4M | 497 | 0002025925-26-000002 |
| 2025-09-30 | 2025-10-03 | $271.2M | 530 | 0002025925-25-000007 |