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Breakwater Investment Management — 13F Holdings & Portfolio

CIK 2025925 · latest 13F-HR filed 2026-08-06

Backtest portfolio

Breakwater Investment Management manages $293.7M in 13F-reported U.S. long-equity assets across 600 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are VTI (14.21%), SCHB (8.44%), VXUS (6.53%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 157 new positions, exited 63, added to 242, and trimmed 94.

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.

Filer Information
Address
2033 6TH AVE
SUITE 101
SEATTLE, WA 98121
Phone
(206) 621-8832
Filing Manager
Breakwater Investment Management
SEATTLE, WA
Signatory
Beth Steinhaus
Business Owner/CCO
Loading holdings…
AUM

$293.7M

Long-equity book

Holdings

600

Distinct positions

Period

2026-06-30

Filed 2026-08-06

Q/Q Activity

+157 / −63 / ↑242 / ↓94

vs 2026-03-31

Firm Profile & Key People
Name Title / Status Ownership Type

Top Adds (vs prior quarter)

  • VANGUARD INDEX FDS$4.1M +10.8%
  • SCHWAB STRATEGIC TR$3.3M +15.1%
  • SPDR SERIES TRUST$3.1M +41.9%
  • SSGA ACTIVE TR$1.9M +947.4%
  • SCHWAB STRATEGIC TR$1.8M +28.7%
Show all 242 →

Top Trims

  • VANGUARD BD INDEX FDS-$1.8M -17.0%
  • VANGUARD CHARLOTTE FDS-$1.5M -16.2%
  • ISHARES TR-$891.6K -16.6%
  • VANGUARD SCOTTSDALE FDS-$796.3K -20.7%
  • SCHWAB STRATEGIC TR-$780.8K -27.8%
Show all 94 →

New Positions

  • ISHARES TR$67.7K
  • VANGUARD INTL EQUITY INDEX F$58.3K
  • HONEYWELL INTL INC$25.5K
  • HONEYWELL AEROSPACE INC$25.0K
  • ISHARES INC$13.3K
Show all 157 →

Exited Positions

  • HONEYWELL INTL INC$51.5K
  • BUNGE GLOBAL SA$15.9K
  • BP PLC$14.1K
  • EXPEDIA GROUP INC$11.5K
  • ENBRIDGE INC$8.1K
Show all 63 →
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 $41.7M 14.21% 112,814 SH
2 SCHWAB STRATEGIC TR SCHB 808524102 $24.8M 8.44% 856,304 SH
3 VANGUARD STAR FDS VXUS 921909768 $19.2M 6.53% 224,508 SH
4 SPDR SERIES TRUST SPTM 78464A805 $10.4M 3.54% 114,601 SH
5 MICROSOFT CORP MSFT 594918104 $9.1M 3.11% 24,486 SH
6 VANGUARD BD INDEX FDS BND 921937835 $8.6M 2.92% 116,759 SH
7 SCHWAB STRATEGIC TR SCCR 808524599 $8.0M 2.72% 311,868 SH
8 VANGUARD INTL EQUITY INDEX F VEU 922042775 $7.8M 2.67% 93,654 SH
9 VANGUARD CHARLOTTE FDS BNDX 92203J407 $7.7M 2.63% 159,751 SH
10 SCHWAB STRATEGIC TR SCHF 808524805 $6.9M 2.34% 247,633 SH
11 VANGUARD INTL EQUITY INDEX F VT 922042742 $6.6M 2.24% 41,885 SH
12 STATE STR SPDR S&P 500 ETF T SPY 78462F103 $6.4M 2.19% 8,632 SH
13 VANGUARD MALVERN FDS VCRB 922020748 $6.4M 2.17% 82,465 SH
14 VANGUARD WHITEHALL FDS VYM 921946406 $5.8M 1.99% 37,017 SH
15 VANGUARD INTL EQUITY INDEX F VWO 922042858 $5.8M 1.98% 97,327 SH
16 VANGUARD WORLD FD MGK 921910816 $5.2M 1.75% 58,624 SH
17 VANGUARD SPECIALIZED FUNDS VIG 921908844 $5.0M 1.71% 21,278 SH
18 AMAZON COM INC AMZN 023135106 $4.8M 1.62% 20,004 SH
19 ISHARES TR IAGG 46435G672 $4.5M 1.52% 88,227 SH
20 SCHWAB STRATEGIC TR SCHD 808524797 $4.3M 1.48% 137,098 SH
21 VANGUARD WORLD FD MGV 921910840 $4.0M 1.37% 24,599 SH
22 VANGUARD WHITEHALL FDS VYMI 921946794 $3.4M 1.17% 35,041 SH
23 SPDR INDEX SHS FDS SPDW 78463X889 $3.2M 1.11% 64,453 SH
24 SPDR SERIES TRUST SPAB 78464A649 $3.1M 1.07% 123,141 SH
25 SCHWAB STRATEGIC TR SCHZ 808524839 $3.1M 1.06% 134,779 SH
26 SPDR SERIES TRUST EMHC 78468R515 $3.1M 1.05% 121,718 SH
27 VANGUARD SCOTTSDALE FDS VGSH 92206C102 $3.1M 1.04% 52,468 SH
28 SCHWAB STRATEGIC TR SCHE 808524706 $2.3M 0.78% 63,014 SH
29 SPDR INDEX SHS FDS GII 78463X855 $2.2M 0.75% 28,941 SH
30 SSGA ACTIVE TR ALLW 78470P630 $2.1M 0.72% 72,459 SH
31 SCHWAB STRATEGIC TR SCHO 808524862 $2.0M 0.69% 83,963 SH
32 SCHWAB STRATEGIC TR SCMB 808524649 $1.9M 0.66% 75,456 SH
33 VANGUARD WHITEHALL FDS VWOB 921946885 $1.9M 0.66% 28,663 SH
34 SCHWAB STRATEGIC TR SCHP 808524870 $1.8M 0.60% 66,492 SH
35 SPDR SERIES TRUST EBND 78464A391 $1.8M 0.60% 84,220 SH
36 VANGUARD INDEX FDS VNQ 922908553 $1.6M 0.56% 17,017 SH
37 VANGUARD INDEX FDS VUG 922908736 $1.6M 0.55% 18,881 SH
38 VANGUARD INTL EQUITY INDEX F VGK 922042874 $1.6M 0.55% 18,140 SH
39 ALPHABET INC GOOGL 02079K305 $1.5M 0.51% 4,226 SH
40 VANGUARD MUN BD FDS VTEB 922907746 $1.5M 0.50% 29,214 SH
41 ISHARES INC EUHY 464286210 $1.4M 0.49% 26,647 SH
42 VANGUARD MALVERN FDS VTIP 922020805 $1.4M 0.49% 28,433 SH
43 SCHWAB STRATEGIC TR SCHX 808524201 $1.4M 0.48% 47,561 SH
44 SCHWAB STRATEGIC TR SCHH 808524847 $1.4M 0.47% 58,738 SH
45 VANGUARD WHITEHALL FDS VIGI 921946810 $1.4M 0.47% 14,788 SH
46 J P MORGAN EXCHANGE TRADED F BBEU 46641Q191 $1.4M 0.47% 17,600 SH
47 VANGUARD TAX-MANAGED FDS VEA 921943858 $1.4M 0.47% 19,209 SH
48 VANGUARD INDEX FDS VTV 922908744 $1.4M 0.46% 6,198 SH
49 SPDR SERIES TRUST SPTS 78468R101 $1.3M 0.46% 46,325 SH
50 VANGUARD WORLD FD MGC 921910873 $1.3M 0.45% 4,880 SH
Filing History
Period Filed AUM Holdings Accession
2026-06-30 2026-08-06 $293.7M 600 0002025925-26-000006
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