Breakwater Investment Management
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 6, 2026), Breakwater Investment Management reported 599 stock positions worth $293.7 million. Its top holding was VG Morningstar TS MKT ETF-US (VTI) at 14.2% of the portfolio, followed by Schwab US Broad Market ETF (SCHB, 8.4%) and Vanguard Total Intl Stock (VXUS, 6.5%). Compared with Q1 2026, it opened 154 new positions, sold out of 62, added to 96 and reduced 103. The biggest buy was SS SPDR P S&P 1500 Comp ETF (SPTM, shares +24%) and the biggest sale Vanguard Total Bond Market (BND, shares −17%).
- Most Recent 13F
- Q2 2026
- Location
- SEATTLE, WA
- CIK
- 0002025925
- Portfolio Value
- $293.7M (Q2 2026)
- SEC Filing
- 0002025925-26-000006 ↗ filed Aug 6, 2026
Holdings Value
Holdings 599 stocks · $293.7M
| VTI VG Morningstar TS MKT ETF-US | 14.21% | 112,814 | $41.7M | Reduce -4.0% |
| SCHB Schwab US Broad Market ETF | 8.44% | 856,304 | $24.8M | Reduce -0.2% |
| VXUS Vanguard Total Intl Stock | 6.53% | 224,508 | $19.2M | Reduce -2.3% |
| SPTM SS SPDR P S&P 1500 Comp ETF | 3.54% | 114,601 | $10.4M | Add +23.6% |
| MSFT Microsoft Corp. | 3.11% | 24,486 | $9.1M | Reduce -1.9% |
| BND Vanguard Total Bond Market | 2.92% | 116,759 | $8.6M | Reduce -16.7% |
| SCCR Schwab Core Bond ETF | 2.72% | 311,868 | $8.0M | Add +29.4% |
| VEU Vanguard Ftse All-World Ex-U | 2.67% | 93,654 | $7.8M | Reduce -0.6% |
| BNDX Vanguard Total Intl Bond ETF | 2.63% | 159,751 | $7.7M | Reduce -16.9% |
| SCHF Schwab Intl Equity ETF | 2.34% | 247,633 | $6.9M | Add +16.6% |
| VT Vanguard Tot World STK ETF | 2.24% | 41,885 | $6.6M | Reduce -1.6% |
| SPY SS SPDR S&P 500 ETF Trust-US | 2.19% | 8,632 | $6.4M | Reduce -0.3% |
| VCRB Vanguard Core Bond ETF | 2.17% | 82,465 | $6.4M | Reduce -3.1% |
| VYM Vanguard High DVD Yield ETF | 1.99% | 37,017 | $5.8M | Reduce -4.2% |
| VWO Vanguard Ftse Emerging Marke | 1.98% | 97,327 | $5.8M | Reduce -6.3% |
| MGK Vngrd Mrgstr MG CP GR ETF-Ui | 1.75% | 58,624 | $5.2M | Reduce -3.3% |
| VIG Vanguard Dividend Apprec ETF | 1.71% | 21,278 | $5.0M | Reduce -9.9% |
| AMZN Amazon.com Inc. | 1.62% | 20,004 | $4.8M | Reduce -3.4% |
| IAGG iShares Intl Aggregate Bond | 1.52% | 88,227 | $4.5M | Reduce -17.6% |
| SCHD Schwab US DVD Equity ETF | 1.48% | 137,098 | $4.3M | Reduce -5.0% |
| MGV Vngrd Mrgstr MG CP VL ETF-Ui | 1.37% | 24,599 | $4.0M | Reduce -18.4% |
| VYMI Vanguard Int High DVD YLD Inc. | 1.17% | 35,041 | $3.4M | Reduce -1.3% |
| SPDW Ste STR SPDR PT DW Eu ETF | 1.11% | 64,453 | $3.2M | Add +8.2% |
| SPAB SS SPDR P Agg Bond ETF | 1.07% | 123,141 | $3.1M | Add +28.2% |
| SCHZ Schwab US Aggregate Bond ETF | 1.06% | 134,779 | $3.1M | Reduce -2.5% |
| EMHC SS SPDR BB Em Usd Bond ETF | 1.05% | 121,718 | $3.1M | Add +69.6% |
| VGSH Vanguard Short-Term Treasury | 1.04% | 52,468 | $3.1M | Reduce -20.2% |
| SCHE Schwab Emrg Mrkts Eqty ETF | 0.78% | 63,014 | $2.3M | Reduce -1.4% |
| GII State Street SPDR S&P Global | 0.75% | 28,941 | $2.2M | Reduce -5.4% |
| ALLW State Street Brgwtr All WTHR | 0.72% | 72,459 | $2.1M | Add +932.3% |
| SCHO Schwab Short-Term US Treas | 0.69% | 83,963 | $2.0M | Reduce -27.4% |
| SCMB Schwab Municipal Bond ETF | 0.66% | 75,456 | $1.9M | Add +2.6% |
| VWOB Vanguard Emerg MKTS Gov BND | 0.66% | 28,663 | $1.9M | Reduce -3.5% |
| SCHP Schwab U.S. Tips ETF | 0.60% | 66,492 | $1.8M | Reduce -8.4% |
| EBND State Street SPDR Bloomberg | 0.60% | 84,220 | $1.8M | Add +79.3% |
| VNQ Vanguard Real Estate ETF | 0.56% | 17,017 | $1.6M | Reduce -5.5% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.55% | 18,881 | $1.6M | No change |
| VGK Vanguard Ftse Europe ETF | 0.55% | 18,140 | $1.6M | Reduce -2.1% |
| GOOGL Alphabet Inc. Class A | 0.51% | 4,226 | $1.5M | Add +0.6% |
| VTEB Vanguard Tax-Exempt Bond ETF | 0.50% | 29,214 | $1.5M | Add +5.8% |
| EUHY iShares Euro High Yield Corp. | 0.49% | 26,647 | $1.4M | Reduce -4.5% |
| VTIP Vanguard Short-Term Tips | 0.49% | 28,433 | $1.4M | Reduce -1.3% |
| SCHX Schwab US Large-Cap ETF | 0.48% | 47,561 | $1.4M | Reduce -11.3% |
| SCHH Schwab US REIT ETF | 0.47% | 58,738 | $1.4M | Reduce -5.1% |
| VIGI Vanguard Int Div App Indx FD | 0.47% | 14,788 | $1.4M | No change |
| BBEU JPMorgan Betabuilders Europe | 0.47% | 17,600 | $1.4M | Reduce -0.7% |
| VEA Vanguard Ftse Developed ETF | 0.47% | 19,209 | $1.4M | Reduce -2.7% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.46% | 6,198 | $1.4M | Reduce -1.2% |
| SPTS SS SPDR P St Term TSY ETF | 0.46% | 46,325 | $1.3M | Add +54.4% |
| MGC Vngrd Mrngstr MG Cap ETF-Usd | 0.45% | 4,880 | $1.3M | Reduce -0.5% |
| STIP iShares 0-5 Year Tips Bond E | 0.42% | 12,010 | $1.2M | No change |
| VGIT Vanguard Intermediate-Term T | 0.39% | 19,379 | $1.1M | Reduce -4.7% |
| SPEM State Street SP PTF Em ETF | 0.38% | 21,413 | $1.1M | Add +132.8% |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | 0.38% | 3,220 | $1.1M | Reduce -1.8% |
| GLD SPDR Gold Shares | 0.36% | 2,903 | $1.1M | Reduce -4.2% |
| VNQI Vanguard GLBL Ex-US Real Est | 0.33% | 21,288 | $955K | Reduce -14.8% |
| RLY SS Multi-Asset Real Ret ETF | 0.32% | 27,391 | $945K | Add +419.9% |
| PRIV SS Ig Publ Priv Cred ETF-Usd | 0.31% | 35,835 | $902K | Add +305.6% |
| VOTE TCW Transform 500 ETF | 0.31% | 10,212 | $900K | Reduce -10.4% |
| HYBL SS Blackstone High Inc. ETF | 0.27% | 28,645 | $801K | Add +267.7% |
| PIT Vaneck Commodity Strat ETF | 0.25% | 11,281 | $745K | Reduce -2.9% |
| VTC Vanguard Total Corporate BND | 0.25% | 9,525 | $732K | Reduce -24.1% |
| MUB iShares National Muni Bond E | 0.22% | 6,026 | $649K | Reduce -1.2% |
| GOVT iShares US Treasury Bond ETF | 0.20% | 25,932 | $591K | Add +868.0% |
| VIOO Vanguard S&P Small-Cap 600 E | 0.20% | 4,179 | $575K | Add +385.4% |
| VGT Vanguard Info Tech ETF | 0.19% | 4,776 | $571K | No change |
| SCHC Schwab Intl Small-Cap Equity | 0.19% | 11,618 | $559K | Add +183.7% |
| IVV iShares Core S&P 500 ETF | 0.19% | 738 | $552K | Add +64.4% |
| AAXJ iShares MSCI All Country Asi | 0.18% | 4,547 | $543K | Reduce -4.5% |
| JIVE JPM Interntl Value ETF filed as J P MORGAN EXCHANGE TRADED F | 0.17% | 5,589 | $514K | Reduce -2.5% |
| BSV Vanguard Short-Term Bond ETF | 0.17% | 6,579 | $513K | Reduce -1.3% |
| TFI SS SPDR N Ice Muni Bond ETF | 0.17% | 10,613 | $486K | Add +892.8% |
| SPSB SS SPDR P St C Corp. ETF | 0.16% | 15,857 | $476K | No change |
| BIV Vanguard Intermediate-Term B | 0.16% | 6,151 | $472K | Reduce -5.4% |
| AAPL Apple Inc. | 0.16% | 1,627 | $471K | Add +2.7% |
| IWM iShares Russell 2000 ETF | 0.15% | 1,504 | $452K | No change |
| GOOG Alphabet Inc. Class C | 0.15% | 1,237 | $437K | Add +0.4% |
| STPZ PIMCO 1-5 Year US Tips Index | 0.15% | 8,126 | $433K | Reduce -0.4% |
| SPBO SS SPDR P Corp. Bond ETF | 0.13% | 13,089 | $380K | Reduce -6.3% |
| EMB iShares JP Morgan Usd Emergi | 0.10% | 3,147 | $303K | Reduce -1.1% |
| PRF Invesco Rafi US 1000 ETF | 0.10% | 5,600 | $303K | No change |
| DGRW Wisdomtree U.S. Quality Divi | 0.10% | 3,158 | $302K | Reduce -0.1% |
| WOOD iShares Global Timber & Fore | 0.09% | 4,184 | $277K | Reduce -6.3% |
| FNDB Schwab Fndmntl US BRD Mr ETF | 0.09% | 8,943 | $272K | No change |
| IOO iShares Global 100 ETF | 0.09% | 1,990 | $272K | No change |
| VIS Vanguard Industrials ETF | 0.09% | 731 | $263K | No change |
| NVDA Nvidia Corp. | 0.08% | 1,246 | $249K | Add +6.2% |
| MDY State Street SPDR S&P Midcap | 0.08% | 349 | $245K | No change |
| PLTR Palantir Technologies Inc. Class A | 0.08% | 2,092 | $244K | Add +0.4% |
| DVY iShares Select Dividend ETF | 0.08% | 1,548 | $242K | No change |
| EWY iShares MSCI South Korea ETF | 0.08% | 1,158 | $234K | No change |
| SPYM Ste STR SPDR PT S&P 500 ETF | 0.08% | 2,580 | $227K | Reduce -10.6% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.08% | 744 | $226K | Reduce -1.9% |
| WMT Walmart Inc. | 0.08% | 1,961 | $222K | No change |
| EEM iShares MSCI Emerging Market | 0.07% | 3,148 | $215K | Reduce -7.3% |
| XHB SS SPDR S&P Homebldrs ETF | 0.07% | 1,720 | $199K | No change |
| VPL Vanguard Ftse Pacific ETF | 0.07% | 1,690 | $196K | Reduce -19.5% |
| XOM Exxon Mobil Corp. | 0.07% | 1,423 | $195K | No change |
| GSG iShares S&P Gsci Commodity I | 0.07% | 6,766 | $194K | Reduce -20.0% |
| GRMN Garmin Ltd. | 0.06% | 792 | $188K | No change |
Other holdings (1): bonds, preferreds, convertibles and warrants · $27 (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| OXY.WS Occidental Petroleum-CW27 | *W EXP 08/03/202 | 1 | $27 | No change |
Total filed on the 13F, all lines: $293.7M.
Portfolio Sells Q1 2026 → Q2 2026
| BND Vanguard Total Bond Market | Reduce -16.7% | 2.92% | −0.92 |
| BNDX Vanguard Total Intl Bond ETF | Reduce -16.9% | 2.63% | −0.80 |
| IAGG iShares Intl Aggregate Bond | Reduce -17.6% | 1.52% | −0.47 |
| VGSH Vanguard Short-Term Treasury | Reduce -20.2% | 1.04% | −0.39 |
| SCHO Schwab Short-Term US Treas | Reduce -27.4% | 0.69% | −0.35 |
| MSFT Microsoft Corp. | Reduce -1.9% | 3.11% | −0.33 |
| VCRB Vanguard Core Bond ETF | Reduce -3.1% | 2.17% | −0.28 |
| MGV Vngrd Mrgstr MG CP VL ETF-Ui | Reduce -18.4% | 1.37% | −0.26 |
| VIG Vanguard Dividend Apprec ETF | Reduce -9.9% | 1.71% | −0.17 |
| SCHD Schwab US DVD Equity ETF | Reduce -5.0% | 1.48% | −0.17 |
| VYM Vanguard High DVD Yield ETF | Reduce -4.2% | 1.99% | −0.14 |
| SCHZ Schwab US Aggregate Bond ETF | Reduce -2.5% | 1.06% | −0.13 |
| GLD SPDR Gold Shares | Reduce -4.2% | 0.36% | −0.12 |
| GII State Street SPDR S&P Global | Reduce -5.4% | 0.75% | −0.12 |
| SCHP Schwab U.S. Tips ETF | Reduce -8.4% | 0.60% | −0.12 |
| VWO Vanguard Ftse Emerging Marke | Reduce -6.3% | 1.98% | −0.11 |
| VTC Vanguard Total Corporate BND | Reduce -24.1% | 0.25% | −0.11 |
| VNQI Vanguard GLBL Ex-US Real Est | Reduce -14.8% | 0.33% | −0.09 |
| VYMI Vanguard Int High DVD YLD Inc. | Reduce -1.3% | 1.17% | −0.07 |
| VWOB Vanguard Emerg MKTS Gov BND | Reduce -3.5% | 0.66% | −0.07 |
| VGIT Vanguard Intermediate-Term T | Reduce -4.7% | 0.39% | −0.06 |
| PIT Vaneck Commodity Strat ETF | Reduce -2.9% | 0.25% | −0.06 |
| EUHY iShares Euro High Yield Corp. | Reduce -4.5% | 0.49% | −0.06 |
| VXUS Vanguard Total Intl Stock | Reduce -2.3% | 6.53% | −0.05 |
| VTIP Vanguard Short-Term Tips | Reduce -1.3% | 0.49% | −0.05 |
| GSG iShares S&P Gsci Commodity I | Reduce -20.0% | 0.07% | −0.04 |
| VNQ Vanguard Real Estate ETF | Reduce -5.5% | 0.56% | −0.04 |
| SCHX Schwab US Large-Cap ETF | Reduce -11.3% | 0.48% | −0.03 |
| SCYB Schwab High Yield Bond ETF | Reduce -95.8% | 0.00% | −0.03 |
| BIV Vanguard Intermediate-Term B | Reduce -5.4% | 0.16% | −0.03 |
| WOOD iShares Global Timber & Fore | Reduce -6.3% | 0.09% | −0.02 |
| VGK Vanguard Ftse Europe ETF | Reduce -2.1% | 0.55% | −0.02 |
| SPBO SS SPDR P Corp. Bond ETF | Reduce -6.3% | 0.13% | −0.02 |
| SCHH Schwab US REIT ETF | Reduce -5.1% | 0.47% | −0.02 |
| MUB iShares National Muni Bond E | Reduce -1.2% | 0.22% | −0.02 |
| BSV Vanguard Short-Term Bond ETF | Reduce -1.3% | 0.17% | −0.02 |
| VOTE TCW Transform 500 ETF | Reduce -10.4% | 0.31% | −0.02 |
| STPZ PIMCO 1-5 Year US Tips Index | Reduce -0.4% | 0.15% | −0.02 |
| IAU iShares Gold Trust | Reduce -9.5% | 0.03% | −0.01 |
| AGGY Wisdomtree Yield Enhanced US | Reduce -18.0% | 0.04% | −0.01 |
| BBEU JPMorgan Betabuilders Europe | Reduce -0.7% | 0.47% | −0.01 |
| VCSH Vanguard S/T Corp. Bond ETF | Reduce -9.7% | 0.05% | −0.01 |
| SCHR Schwab Intermediate-Term US | Reduce -22.8% | 0.03% | −0.01 |
| IJH iShares Core S&P Midcap ETF | Reduce -48.6% | 0.01% | −0.01 |
| BWX SS SPDR BB Intl Treasury BD | Reduce -31.3% | 0.02% | −0.01 |
| VPL Vanguard Ftse Pacific ETF | Reduce -19.5% | 0.07% | −0.01 |
| CVX Chevron Corp. | Reduce -0.7% | 0.03% | −0.01 |
| SHY iShares 1-3 Year Treasury Bo | Reduce -29.3% | 0.02% | −0.01 |
| ICE Intercontinental Exchange Inc. | Reduce -0.6% | 0.02% | −0.01 |
| EMB iShares JP Morgan Usd Emergi | Reduce -1.1% | 0.10% | −0.01 |
Portfolio Buys Q1 2026 → Q2 2026
| SPTM SS SPDR P S&P 1500 Comp ETF | Add +23.6% | 3.54% | +0.82 |
| ALLW State Street Brgwtr All WTHR | Add +932.3% | 0.72% | +0.65 |
| SCCR Schwab Core Bond ETF | Add +29.4% | 2.72% | +0.41 |
| EMHC SS SPDR BB Em Usd Bond ETF | Add +69.6% | 1.05% | +0.39 |
| SCHF Schwab Intl Equity ETF | Add +16.6% | 2.34% | +0.38 |
| RLY SS Multi-Asset Real Ret ETF | Add +419.9% | 0.32% | +0.25 |
| EBND State Street SPDR Bloomberg | Add +79.3% | 0.60% | +0.24 |
| PRIV SS Ig Publ Priv Cred ETF-Usd | Add +305.6% | 0.31% | +0.22 |
| SPEM State Street SP PTF Em ETF | Add +132.8% | 0.38% | +0.22 |
| HYBL SS Blackstone High Inc. ETF | Add +267.7% | 0.27% | +0.19 |
| GOVT iShares US Treasury Bond ETF | Add +868.0% | 0.20% | +0.18 |
| VIOO Vanguard S&P Small-Cap 600 E | Add +385.4% | 0.20% | +0.16 |
| SPAB SS SPDR P Agg Bond ETF | Add +28.2% | 1.07% | +0.15 |
| TFI SS SPDR N Ice Muni Bond ETF | Add +892.8% | 0.17% | +0.15 |
| SPTS SS SPDR P St Term TSY ETF | Add +54.4% | 0.46% | +0.13 |
| SCHC Schwab Intl Small-Cap Equity | Add +183.7% | 0.19% | +0.12 |
| SPDW Ste STR SPDR PT DW Eu ETF | Add +8.2% | 1.11% | +0.09 |
| IVV iShares Core S&P 500 ETF | Add +64.4% | 0.19% | +0.08 |
| GOOGL Alphabet Inc. Class A | Add +0.6% | 0.51% | +0.06 |
| IEMG iShares Core MSCI Emerging | Add +1285.9% | 0.06% | +0.05 |
| IGF iShares Global Infrastructur | New | 0.02% | +0.02 |
| VSS Vanguard Ftse All Wo X-US SC | New | 0.02% | +0.02 |
| GOOG Alphabet Inc. Class C | Add +0.4% | 0.15% | +0.02 |
| LLY Eli Lilly & Co. | Add +68.6% | 0.02% | +0.01 |
| AAPL Apple Inc. | Add +2.7% | 0.16% | +0.01 |
| CSCO Cisco Systems Inc. | Add +1.4% | 0.04% | +0.01 |
| NVDA Nvidia Corp. | Add +6.2% | 0.08% | +0.01 |
| ROK Rockwell Automation Inc. | Add +0.4% | 0.04% | +0.01 |
| LEMB iShares JP Morgan Em Local C | New | 0.00% | +0.00 |
| AVGO Broadcom Inc. | Add +8.2% | 0.02% | +0.00 |
| BAC Bank of America Corp. | Add +0.5% | 0.05% | +0.00 |
| CAT Caterpillar Inc. | Add +9.1% | 0.01% | +0.00 |
| MU Micron Technology Inc. | Add +100.0% | 0.00% | +0.00 |
| TXN Texas Instruments Inc. | Add +5.3% | 0.01% | +0.00 |
| AMD Advanced Micro Devices | New | 0.00% | +0.00 |
| ED Consolidated Edison Inc. | New | 0.00% | +0.00 |
| BALT Inn Defined Wealth Shield | New | 0.00% | +0.00 |
| INTC Intel Corp. | Add +62.5% | 0.00% | +0.00 |
| TAK Takeda Pharmaceutic-SP ADR | New | 0.00% | +0.00 |
| ASML ASML Holding NV-NY Reg SHS | New | 0.00% | +0.00 |
| TSLA Tesla Inc. | Add +81.8% | 0.00% | +0.00 |
| WDC Western Digital Corp. | Add +28.6% | 0.00% | +0.00 |
| PANW Palo Alto Networks Inc. | New | 0.00% | +0.00 |
| LRCX Lam Research Corp. | Add +100.0% | 0.00% | +0.00 |
| KLAC KLA Corp. | New | 0.00% | +0.00 |
| UNH Unitedhealth Group Inc. | Add +62.5% | 0.00% | +0.00 |
| LPL LG Display Co. Ltd.-ADR | New | 0.00% | +0.00 |
| STX Seagate Technology Holdings | Add +33.3% | 0.00% | +0.00 |
| GLW Corning Inc. | Add +55.6% | 0.00% | +0.00 |
| SNDK Sandisk Corp. | New | 0.00% | +0.00 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 599 | $293.7M | VTI, SCHB, VXUS, SPTM, MSFT |
| Q1 2026 | 505 | $268.9M | VTI, SCHB, VXUS, BND, MSFT |
| Q4 2025 | 496 | $276.4M | VTI, SCHB, VXUS, MSFT, BNDX |
| Q3 2025 | 529 | $271.2M | VTI, SCHB, VXUS, MSFT, BNDX |
| Q2 2025 | 309 | $258.5M | VTI, SCHB, VXUS, MSFT, BND |
| Q1 2025 | 314 | $234.2M | VTI, SCHB, VXUS, BND, BNDX |
| Q4 2024Amended | 307 | $235.2M | VTI, SCHB, VXUS, BND, MSFT |
| Q3 2024Amended | 308 | $239.5M | VTI, SCHB, VXUS, BND, MSFT |
| Q2 2024 | 315 | $223.6M | VTI, SCHB, VXUS, BND, MSFT |
| Q1 2024 | 312 | $217.3M | VTI, SCHB, VXUS, BND, MSFT |