Blue Water Asset Management

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 5, 2026), Blue Water Asset Management reported 103 stock positions worth $289.4 million. Its top holding was Pgim Ultra Short Bond ETF (PULS) at 11.7% of the portfolio, followed by JPMorgan Core Plus Bond ETF (JCPB, 7.4%) and Victoryshares Core Intermedi (UITB, 7.1%). Compared with Q4 2025, it opened 4 new positions, sold out of 5, added to 52 and reduced 30. The biggest buy was Eaton Vance SHRT Dur (EVSD, shares +1402%) and the biggest sale Pgim Ultra Short Bond ETF (PULS, shares −17%).

Most Recent 13F
Q2 2026
Location
GRAND RAPIDS, MI
CIK
0002033384
Portfolio Value
$289.4M (Q1 2026)
SEC Filing
0001765380-26-000157 ↗ filed May 5, 2026

Holdings Value

0$100.0M$200.0M$300.0M$400.0M Q4 2025: $278.1M Q4 2025 Q1 2026: $289.4M $289.4M Q1 2026 Q2 2026: $309.8M Q2 2026

Holdings 103 stocks · $289.4M
PULS Pgim Ultra Short Bond ETF 11.71% 684,685 $33.9M Reduce -17.1%
JCPB JPMorgan Core Plus Bond ETF 7.37% 453,035 $21.3M Add +6.1%
UITB Victoryshares Core Intermedi 7.13% 438,763 $20.6M Add +6.0%
XMHQ Invesco S&P Midcap Qual ETF 6.96% 194,843 $20.1M Add +5.1%
SPYM Ste STR SPDR PT S&P 500 ETF 6.40% 241,897 $18.5M Add +1.7%
USVM Victoryshares US Small Mid C 6.25% 191,096 $18.1M Reduce -1.4%
EVSD Eaton Vance SHRT Dur Inc. 5.79% 329,166 $16.8M Add +1401.5%
RWL Invesco S&P 500 Revenue ETF 5.59% 140,791 $16.2M Reduce -1.3%
HMOP Hartford Municipal Opp ETF 3.00% 223,764 $8.7M Add +1.0%
GSIE Goldman Sachs Activebeta Int 2.43% 162,905 $7.0M Reduce -6.1%
VRP Invesco Variable Rate Prefer 2.42% 291,785 $7.0M Add +4.5%
JEPI JPMorgan Equity Premium Inco 2.29% 117,113 $6.6M Reduce -40.7%
JPST JPMorgan Ultra-Short Income 2.14% 122,289 $6.2M Reduce -13.9%
UTES Virtus Reaves Utilities ETF 2.07% 75,038 $6.0M Add +5.4%
PJAN Innovator U.S. Equity Power 2.01% 126,115 $5.8M Reduce -3.0%
BRK.A Berkshire Hathaway Inc. Class A 1.99% 8 $5.7M No change
PAPI Parametric Equity Prem Inco 1.84% 194,162 $5.3M New
PBJA Pgim S&P 500 Buffer 20-Jan 1.68% 159,830 $4.9M Reduce -3.2%
JXN Jackson Financial Inc. Class A 1.36% 37,173 $3.9M Reduce -0.7%
PBNV Pgim S&P 500 Buffer 20-Nov 1.29% 128,780 $3.7M No change
PFEB Innovator U.S. Equity Power 0.86% 62,171 $2.5M Add +631.2%
PAPR Innovator U.S. Equity Power 0.74% 53,803 $2.1M Add +150.8%
PBDE Pgim S&P 500 Buffer 20-Dec 0.70% 70,321 $2.0M Reduce -0.0%
JANW Alianzim US Eq BFR20 Jan-Usd 0.56% 44,490 $1.6M Add +2.0%
MSFT Microsoft Corp. 0.55% 4,325 $1.6M Reduce -6.4%
PMAR Innovator U.S. Equity Power 0.54% 35,052 $1.6M Add +219.5%
CMS CMS Energy Corp. 0.54% 20,073 $1.6M Add +0.2%
ETN Eaton Corp. PLC 0.51% 4,091 $1.5M Add +2.4%
AAPL Apple Inc. 0.50% 5,704 $1.4M Add +0.2%
VYM Vanguard High DVD Yield ETF 0.41% 7,982 $1.2M Reduce -23.2%
PBAP Pgim S&P 500 Buffer 20-Apr 0.40% 39,619 $1.2M Add +36.8%
PJUN Innovator U.S. Equity Power 0.38% 26,441 $1.1M No change
DTE DTE Energy Company 0.37% 7,325 $1.1M Add +1.0%
SPSB SS SPDR P St C Corp. ETF 0.36% 34,866 $1.0M Reduce -1.9%
F Ford Motor Co. filed as FORD MTR CO 0.36% 90,711 $1.0M Reduce -3.6%
JNJ Johnson & Johnson 0.36% 4,242 $1.0M Add +0.2%
CPSA Calamos SP500 Strct Alt-Aug 0.35% 38,021 $1.0M No change
SYK Stryker Corp. 0.31% 2,695 $886K Reduce -0.8%
CPSO Calamos S&P 500 Alt Prot Oct 0.29% 30,803 $832K Reduce -0.5%
QQQM Invesco Nasdaq 100 ETF 0.29% 3,491 $830K Add +0.6%
PBFB Pgim S&P 500 Buffer 20-Feb 0.28% 26,957 $810K Add +135.3%
FDVV Fidelity High Dividend ETF 0.27% 14,368 $794K Add +1.1%
CPSJ Calamos S&P 500 Sap ETF July 0.27% 29,178 $784K No change
CVX Chevron Corp. 0.26% 3,672 $760K Reduce -8.1%
PBJN Pgim S&P 500 Buffer 20-Jun 0.26% 25,355 $757K No change
LRCX Lam Research Corp. 0.26% 3,459 $739K No change
OCTP Pgim S&P 500 Buffer 12-Oct 0.25% 24,890 $737K Reduce -26.8%
SLV iShares Silver Trust 0.23% 9,656 $658K Add +37.9%
CPSD CLMS S&P STR Alt Dec 0.22% 24,974 $647K Reduce -0.5%
CB Chubb Ltd. 0.22% 1,978 $645K Add +0.3%
MS Morgan Stanley 0.21% 3,642 $599K Add +0.5%
XBJA Innovator US Eq Ac 9 Buff-J 0.20% 18,246 $571K No change
PBMR Pgim S&P 500 Buffer 20-Mar 0.17% 15,826 $480K Reduce -11.1%
POCT Innovator U.S. Equity Power 0.17% 11,073 $477K Reduce -57.0%
EVLN Eaton Vance Floating-Rate 0.16% 9,698 $467K Add +91.9%
PDEC Innovator U.S. Equity Power 0.16% 10,950 $465K Reduce -2.8%
JMUB JPMorgan Municipal ETF 0.16% 9,301 $465K Add +0.9%
CPSM Calamos SP500 STR Alt Promay 0.16% 15,962 $461K No change
JPM JPMorgan Chase & Co. 0.16% 1,566 $461K Add +34.0%
DECW Alianzim US Eq BFR20 Dec-Usd 0.16% 13,664 $457K No change
FITB Fifth Third Bancorp 0.16% 9,765 $454K Add +9.7%
DTM DT Midstream Inc. 0.16% 3,353 $451K Reduce -1.6%
CPST Calamos S&P 500 Alt Sept 0.15% 16,552 $446K No change
PSEP Innovator U.S. Equity Power 0.15% 10,223 $440K Reduce -49.1%
CPSR Cal S&P 500 St Alt P ETF - M 0.15% 16,665 $421K Add +25.4%
KBE SS SPDR S&P Bank ETF 0.14% 7,015 $418K Add +0.1%
VCIT Vanguard Int-Term Corporate 0.13% 4,598 $380K Add +0.7%
GSLC Goldman Activebeta US LC ETF 0.13% 2,969 $371K No change
VCLT Vanguard Long-Term Corp. Bond 0.13% 4,915 $367K Add +0.9%
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.13% 1,277 $367K Add +0.2%
XBAP Innovator US Eqy Accel 9 Buf 0.13% 9,247 $362K No change
AON Aon PLC Class A 0.12% 1,073 $346K Add +0.2%
GLDM SPDR Gold Minishares Trust 0.12% 3,736 $346K Add +1.1%
XEL Xcel Energy Inc. 0.12% 4,346 $345K Add +3.0%
BA The Boeing Co. 0.11% 1,648 $328K Add +0.2%
PJUL Innovator U.S. Equity Power 0.11% 7,120 $327K Reduce -85.3%
GSSC Goldman Sachs Activebeta US 0.11% 4,387 $327K Add +0.2%
IXUS iShares Core Intl Stock ETF 0.11% 3,675 $318K Add +0.0%
VTI VG Morningstar TS MKT ETF-US 0.11% 985 $316K Add +4.8%
TAP Molson Coors Beverage Co. Class B 0.11% 7,253 $312K Add +18.1%
PBAU Pgim S&P 500 Buffer 20-Aug 0.11% 10,483 $311K No change
CLOX Eldridge Aaa Clo ETF 0.11% 12,108 $310K Add +1.2%
SFLO VS SM Cap Free Cash Flow ETF filed as VICTORY PORTFOLIOS II 0.11% 10,191 $306K Add +0.1%
KO The Coca-Cola Co. 0.10% 3,982 $303K Reduce -12.1%
APRW Allinzim US Eq BFR20 Apr-Usd 0.10% 8,468 $300K No change
MBWM Mercantile Bank Corp. 0.10% 5,826 $294K Add +4.2%
PINK Simplify Health Care ETF 0.10% 8,728 $294K Add +0.2%
VZ Verizon Communications Inc. 0.10% 5,782 $290K Add +5.9%
OUSA Alps Oshares US Quality Divi 0.10% 5,183 $289K No change
AMZN Amazon.com Inc. 0.09% 1,316 $274K New
PBJL Pgim S&P 500 Buffer 20-Jul 0.09% 9,098 $270K Reduce -18.6%
XLF SS Financial Select Sector 0.09% 5,469 $270K Add +0.5%
XEXGX Eaton Vance Tax-Managed Glob 0.09% 30,938 $268K Add +54.6%
SPY SS SPDR S&P 500 ETF Trust-US 0.09% 410 $266K Add +4.1%
GSEW Goldman Sachs Eql WGHT Large 0.09% 3,108 $263K Reduce -0.1%
SMH Vaneck Semiconductor ETF 0.08% 629 $241K New
PBMY Pgim S&P 500 Buffer 20-May 0.08% 7,569 $229K Reduce -19.5%
JDOC JPMorgan Healthcare Lead ETF 0.08% 4,096 $228K No change
WTFC Wintrust Financial Corp. 0.08% 1,631 $227K Add +0.5%
NVDA Nvidia Corp. 0.08% 1,286 $224K Add +4.2%
CWT California Water Service Grp 0.08% 4,871 $221K Add +0.7%
IHI iShares U.S. Medical Devices 0.07% 4,019 $214K Reduce -0.3%
MDLZ Mondelez International Inc. Class A 0.07% 3,615 $208K New

Portfolio Sells Q4 2025 → Q1 2026
PULS Pgim Ultra Short Bond ETF Reduce -17.1% 11.71% −3.01
JEPI JPMorgan Equity Premium Inco Reduce -40.7% 2.29% −1.77
PJUL Innovator U.S. Equity Power Reduce -85.3% 0.11% −0.70
JPST JPMorgan Ultra-Short Income Reduce -13.9% 2.14% −0.44
RWL Invesco S&P 500 Revenue ETF Reduce -1.3% 5.59% −0.28
PNOV Innovator U.S. Equity Power Sold out 0.00% −0.26
GSIE Goldman Sachs Activebeta Int Reduce -6.1% 2.43% −0.25
MSFT Microsoft Corp. Reduce -6.4% 0.55% −0.25
POCT Innovator U.S. Equity Power Reduce -57.0% 0.17% −0.24
PJAN Innovator U.S. Equity Power Reduce -3.0% 2.01% −0.19
PAUG Innovator U.S. Equity Power Sold out 0.00% −0.17
PSEP Innovator U.S. Equity Power Reduce -49.1% 0.15% −0.16
PBJA Pgim S&P 500 Buffer 20-Jan Reduce -3.2% 1.68% −0.15
VYM Vanguard High DVD Yield ETF Reduce -23.2% 0.41% −0.13
PATH Uipath Inc. Class A Sold out 0.00% −0.13
OCTP Pgim S&P 500 Buffer 12-Oct Reduce -26.8% 0.25% −0.12
USVM Victoryshares US Small Mid C Reduce -1.4% 6.25% −0.11
F Ford Motor Co. Reduce -3.6% 0.36% −0.08
JXN Jackson Financial Inc. Class A Reduce -0.7% 1.36% −0.08
MCD McDonald's Corp. Sold out 0.00% −0.07
PBDE Pgim S&P 500 Buffer 20-Dec Reduce -0.0% 0.70% −0.04
SYK Stryker Corp. Reduce -0.8% 0.31% −0.04
ETW Eaton Vance T/M GLBL Buy-WR Sold out 0.00% −0.04
PBMR Pgim S&P 500 Buffer 20-Mar Reduce -11.1% 0.17% −0.03
PBJL Pgim S&P 500 Buffer 20-Jul Reduce -18.6% 0.09% −0.03
SPSB SS SPDR P St C Corp. ETF Reduce -1.9% 0.36% −0.02
PBMY Pgim S&P 500 Buffer 20-May Reduce -19.5% 0.08% −0.02
IHI iShares U.S. Medical Devices Reduce -0.3% 0.07% −0.02
PDEC Innovator U.S. Equity Power Reduce -2.8% 0.16% −0.01
CPSO Calamos S&P 500 Alt Prot Oct Reduce -0.5% 0.29% −0.01
CPSD CLMS S&P STR Alt Dec Reduce -0.5% 0.22% −0.01
KO The Coca-Cola Co. Reduce -12.1% 0.10% −0.01
GSEW Goldman Sachs Eql WGHT Large Reduce -0.1% 0.09% −0.00
DTM DT Midstream Inc. Reduce -1.6% 0.16% +0.01
CVX Chevron Corp. Reduce -8.1% 0.26% +0.04

Portfolio Buys Q4 2025 → Q1 2026
EVSD Eaton Vance SHRT Dur Inc. Add +1401.5% 5.79% +5.39
PAPI Parametric Equity Prem Inco New 1.84% +1.84
PFEB Innovator U.S. Equity Power Add +631.2% 0.86% +0.74
PAPR Innovator U.S. Equity Power Add +150.8% 0.74% +0.44
PMAR Innovator U.S. Equity Power Add +219.5% 0.54% +0.36
PBFB Pgim S&P 500 Buffer 20-Feb Add +135.3% 0.28% +0.15
XMHQ Invesco S&P Midcap Qual ETF Add +5.1% 6.96% +0.13
JCPB JPMorgan Core Plus Bond ETF Add +6.1% 7.37% +0.10
PBAP Pgim S&P 500 Buffer 20-Apr Add +36.8% 0.40% +0.10
AMZN Amazon.com Inc. New 0.09% +0.09
SMH Vaneck Semiconductor ETF New 0.08% +0.08
UITB Victoryshares Core Intermedi Add +6.0% 7.13% +0.08
MDLZ Mondelez International Inc. Class A New 0.07% +0.07
EVLN Eaton Vance Floating-Rate Add +91.9% 0.16% +0.07
SLV iShares Silver Trust Add +37.9% 0.23% +0.07
UTES Virtus Reaves Utilities ETF Add +5.4% 2.07% +0.05
ETN Eaton Corp. PLC Add +2.4% 0.51% +0.05
JNJ Johnson & Johnson Add +0.2% 0.36% +0.04
CMS CMS Energy Corp. Add +0.2% 0.54% +0.03
DTE DTE Energy Company Add +1.0% 0.37% +0.03
CPSR Cal S&P 500 St Alt P ETF - M Add +25.4% 0.15% +0.03
XEXGX Eaton Vance Tax-Managed Glob Add +54.6% 0.09% +0.02
JPM JPMorgan Chase & Co. Add +34.0% 0.16% +0.02
VZ Verizon Communications Inc. Add +5.9% 0.10% +0.02
XEL Xcel Energy Inc. Add +3.0% 0.12% +0.01
FITB Fifth Third Bancorp Add +9.7% 0.16% +0.01
GLDM SPDR Gold Minishares Trust Add +1.1% 0.12% +0.01
MBWM Mercantile Bank Corp. Add +4.2% 0.10% +0.00
TAP Molson Coors Beverage Co. Class B Add +18.1% 0.11% +0.00
CB Chubb Ltd. Add +0.3% 0.22% +0.00
CWT California Water Service Grp Add +0.7% 0.08% +0.00
IXUS iShares Core Intl Stock ETF Add +0.0% 0.11% −0.00
SFLO VS SM Cap Free Cash Flow ETF Add +0.1% 0.11% −0.00
CLOX Eldridge Aaa Clo ETF Add +1.2% 0.11% −0.00
WTFC Wintrust Financial Corp. Add +0.5% 0.08% −0.00
VTI VG Morningstar TS MKT ETF-US Add +4.8% 0.11% −0.00
SPY SS SPDR S&P 500 ETF Trust-US Add +4.1% 0.09% −0.00
NVDA Nvidia Corp. Add +4.2% 0.08% −0.01
VCLT Vanguard Long-Term Corp. Bond Add +0.9% 0.13% −0.01
VCIT Vanguard Int-Term Corporate Add +0.7% 0.13% −0.01
GSSC Goldman Sachs Activebeta US Add +0.2% 0.11% −0.01
VO Vngrd Mrngstr MD-Cap ETF-Usd Add +0.2% 0.13% −0.01
JMUB JPMorgan Municipal ETF Add +0.9% 0.16% −0.01
KBE SS SPDR S&P Bank ETF Add +0.1% 0.14% −0.01
PINK Simplify Health Care ETF Add +0.2% 0.10% −0.01
XLF SS Financial Select Sector Add +0.5% 0.09% −0.01
BA The Boeing Co. Add +0.2% 0.11% −0.02
FDVV Fidelity High Dividend ETF Add +1.1% 0.27% −0.02
AON Aon PLC Class A Add +0.2% 0.12% −0.02
JANW Alianzim US Eq BFR20 Jan-Usd Add +2.0% 0.56% −0.02

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 108$309.8MPULS, XMHQ, JCPB, SPYM, USVM
Q1 2026 103$289.4MPULS, JCPB, UITB, XMHQ, SPYM
Q4 2025 104$278.1MPULS, JCPB, UITB, SPYM, XMHQ