Breakwater Investment Management

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed January 16, 2025), Breakwater Investment Management reported 308 stock positions worth $239.5 million. Its top holding was VG Morningstar TS MKT ETF-US (VTI) at 14.0% of the portfolio, followed by Schwab US Broad Market ETF (SCHB, 8.8%) and Vanguard Total Intl Stock (VXUS, 6.0%). Compared with Q2 2024, it opened 8 new positions, sold out of 15, added to 48 and reduced 41. The biggest buy was Vanguard Intermediate-Term T (VGIT, shares +154%) and the biggest sale Vanguard Short-Term Treasury (VGSH, shares −13%).

Most Recent 13F
Q2 2026
Location
SEATTLE, WA
CIK
0002025925
Portfolio Value
$239.5M (Q3 2024)
SEC Filing
0002025925-25-000002 ↗ filed Jan 16, 2025

Holdings Value

0$100.0M$200.0M$300.0M Q1 2024: $217.3M Q1 2024 Q2 2024: $223.6M Q2 2024 Q3 2024: $239.5M $239.5M Q3 2024 Q4 2024: $235.2M Q4 2024 Q1 2025: $234.2M Q1 2025 Q2 2025: $258.5M Q2 2025 Q3 2025: $271.2M Q3 2025 Q4 2025: $276.4M Q4 2025 Q1 2026: $268.9M Q1 2026 Q2 2026: $293.7M Q2 2026

Holdings 308 stocks · $239.5M
VTI VG Morningstar TS MKT ETF-US 13.98% 118,263 $33.5M Add +0.8%
SCHB Schwab US Broad Market ETF 8.85% 318,546 $21.2M Add +0.8%
VXUS Vanguard Total Intl Stock 6.04% 223,457 $14.5M Add +0.4%
BND Vanguard Total Bond Market 5.64% 179,997 $13.5M Add +6.0%
MSFT Microsoft Corp. 4.95% 27,548 $11.9M Add +0.8%
BNDX Vanguard Total Intl Bond ETF 4.74% 225,794 $11.4M Add +1.6%
VEU Vanguard Ftse All-World Ex-U 2.67% 101,608 $6.4M Add +2.2%
SPTM SS SPDR P S&P 1500 Comp ETF 2.62% 89,424 $6.3M Add +7.0%
VT Vanguard Tot World STK ETF 2.34% 46,740 $5.6M Reduce -0.8%
VWO Vanguard Ftse Emerging Marke 2.15% 107,837 $5.2M Reduce -1.8%
SCHF Schwab Intl Equity ETF 2.13% 123,826 $5.1M Add +0.2%
SPY SS SPDR S&P 500 ETF Trust-US 2.12% 8,835 $5.1M No change
VYM Vanguard High DVD Yield ETF 2.01% 37,564 $4.8M Reduce -12.9%
VIG Vanguard Dividend Apprec ETF 2.01% 24,279 $4.8M Add +4.5%
SCHD Schwab US DVD Equity ETF 1.95% 55,377 $4.7M Reduce -0.7%
MGK Vngrd Mrgstr MG CP GR ETF-Ui 1.91% 14,215 $4.6M Reduce -1.1%
MGV Vngrd Mrgstr MG CP VL ETF-Ui 1.83% 34,083 $4.4M Reduce -0.6%
SCHZ Schwab US Aggregate Bond ETF 1.82% 91,983 $4.4M Add +6.0%
SCHO Schwab Short-Term US Treas 1.70% 83,312 $4.1M Reduce -4.3%
VGSH Vanguard Short-Term Treasury 1.59% 64,563 $3.8M Reduce -12.6%
IAGG iShares Intl Aggregate Bond 1.26% 58,307 $3.0M Add +4.3%
PRFT Perficient Inc. 1.24% 39,394 $3.0M No change
SPAB SS SPDR P Agg Bond ETF 1.02% 93,501 $2.4M Reduce -3.0%
SCHE Schwab Emrg Mrkts Eqty ETF 1.00% 81,838 $2.4M Add +4.5%
SPDW Ste STR SPDR PT DW Eu ETF 0.99% 62,953 $2.4M Add +0.4%
VNQ Vanguard Real Estate ETF 0.93% 22,899 $2.2M Reduce -1.1%
VYMI Vanguard Int High DVD YLD Inc. 0.88% 28,848 $2.1M Reduce -0.8%
VWOB Vanguard Emerg MKTS Gov BND 0.81% 29,224 $1.9M Add +3.8%
GII State Street SPDR S&P Global 0.77% 29,867 $1.8M Add +2.7%
SCHX Schwab US Large-Cap ETF 0.71% 24,957 $1.7M Add +1.3%
EUHY iShares Euro High Yield Corp. 0.66% 30,139 $1.6M Add +39.9%
SCHP Schwab U.S. Tips ETF 0.63% 27,941 $1.5M Reduce -1.0%
VTIP Vanguard Short-Term Tips 0.62% 30,111 $1.5M Reduce -3.3%
VGIT Vanguard Intermediate-Term T 0.57% 22,580 $1.4M Add +154.0%
VIGI Vanguard Int Div App Indx FD 0.54% 14,783 $1.3M No change
SCHH Schwab US REIT ETF 0.53% 54,562 $1.3M Add +2.0%
MGC Vngrd Mrngstr MG Cap ETF-Usd 0.50% 5,795 $1.2M Add +43.7%
VUG Vanguard Mrngstar GR ETF-Sui 0.50% 3,108 $1.2M No change
AMZN Amazon.com Inc. 0.47% 6,014 $1.1M No change
STIP iShares 0-5 Year Tips Bond E 0.45% 10,588 $1.1M Add +0.1%
VEA Vanguard Ftse Developed ETF 0.44% 20,169 $1.1M Add +4.8%
VNQI Vanguard GLBL Ex-US Real Est 0.43% 22,141 $1.0M Add +3.9%
SPTS SS SPDR P St Term TSY ETF 0.35% 28,687 $844K Reduce -0.6%
VV Vngrd Mrgstr LRG-Cap ETF-Usd 0.34% 3,077 $810K No change
VTC Vanguard Total Corporate BND 0.33% 10,103 $801K Add +310.0%
BBEU JPMorgan Betabuilders Europe 0.32% 12,184 $760K Add +5.3%
VOTE TCW Transform 500 ETF 0.31% 10,921 $732K Add +0.9%
GOOGL Alphabet Inc. Class A 0.30% 4,271 $708K Add +2.0%
VTEB Vanguard Tax-Exempt Bond ETF 0.29% 13,614 $696K No change
NVDA Nvidia Corp. 0.26% 5,130 $623K Add +1.6%
VGK Vanguard Ftse Europe ETF 0.25% 8,416 $598K Reduce -2.9%
MUB iShares National Muni Bond E 0.23% 5,127 $557K Add +17.2%
AAXJ iShares MSCI All Country Asi 0.22% 6,796 $533K Reduce -0.6%
VTV Vanguard Mrngstr Val ETF-Aui 0.22% 3,041 $531K Add +1.2%
BSV Vanguard Short-Term Bond ETF 0.22% 6,664 $524K Reduce -2.4%
XLK SS Technology Select Sector 0.21% 2,273 $513K No change
GSG iShares S&P Gsci Commodity I 0.21% 23,533 $494K Add +51.6%
SPSB SS SPDR P St C Corp. ETF 0.20% 15,857 $480K No change
STPZ PIMCO 1-5 Year US Tips Index 0.19% 8,739 $462K Reduce -2.4%
BIV Vanguard Intermediate-Term B 0.18% 5,485 $430K New
GLD SPDR Gold Shares 0.18% 1,767 $429K Add +1.9%
AAPL Apple Inc. 0.18% 1,835 $428K Reduce -9.7%
WOOD iShares Global Timber & Fore 0.17% 4,841 $417K No change
VGT Vanguard Info Tech ETF 0.17% 688 $404K No change
SPBO SS SPDR P Corp. Bond ETF 0.14% 11,410 $343K No change
IWM iShares Russell 2000 ETF 0.14% 1,504 $332K No change
DVY iShares Select Dividend ETF 0.12% 2,082 $281K Add +0.5%
MRK Merck & Co. Inc. 0.12% 2,461 $279K No change
IVV iShares Core S&P 500 ETF 0.11% 449 $259K No change
KO The Coca-Cola Co. 0.11% 3,536 $254K No change
VPL Vanguard Ftse Pacific ETF 0.10% 3,157 $247K No change
META Meta Platforms Inc. Class A 0.10% 421 $241K No change
PLTR Palantir Technologies Inc. Class A 0.10% 6,350 $236K Add +6250.0%
PRF Invesco Rafi US 1000 ETF 0.10% 5,600 $228K No change
VB Vanguard Most SM-Cap ETF-Usd 0.09% 951 $226K Reduce -6.4%
ISRG Intuitive Surgical Inc. 0.09% 451 $222K No change
TMO Thermo Fisher Scientific Inc. 0.09% 358 $221K No change
SPEM State Street SP PTF Em ETF 0.09% 5,353 $221K Reduce -4.7%
XHB SS SPDR S&P Homebldrs ETF 0.09% 1,751 $218K Add +1.8%
MDY State Street SPDR S&P Midcap 0.09% 380 $216K No change
GOOG Alphabet Inc. Class C 0.09% 1,284 $215K Add +7.0%
FNDB Schwab Fndmntl US BRD Mr ETF 0.09% 3,029 $213K No change
IXJ iShares Global Healthcare Et 0.09% 2,098 $206K No change
IOO iShares Global 100 ETF 0.08% 1,990 $197K Add +8.9%
VCIT Vanguard Int-Term Corporate 0.08% 2,342 $196K No change
EMB iShares JP Morgan Usd Emergi 0.08% 2,070 $194K Add +140.4%
VIS Vanguard Industrials ETF 0.08% 731 $190K No change
ADBE Adobe Inc. 0.08% 367 $190K No change
SPYM Ste STR SPDR PT S&P 500 ETF 0.08% 2,763 $187K Add +3.4%
VGLT Vanguard Long-Term Treasury 0.07% 2,830 $174K No change
EEM iShares MSCI Emerging Market 0.07% 3,601 $165K No change
XOM Exxon Mobil Corp. 0.07% 1,403 $164K No change
CSCO Cisco Systems Inc. 0.07% 2,992 $159K No change
VCSH Vanguard S/T Corp. Bond ETF 0.07% 2,002 $159K Add +5.7%
WMT Walmart Inc. 0.07% 1,946 $157K No change
VOO Vanguard S&P 500 ETF 0.06% 292 $154K No change
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.06% 563 $149K Add +30.9%
INDY iShares India 50 ETF 0.06% 2,565 $144K No change
SBUX Starbucks Corp. 0.06% 1,442 $141K Reduce -4.7%
AGGY Wisdomtree Yield Enhanced US 0.06% 3,128 $140K No change
GRMN Garmin Ltd. 0.06% 790 $139K No change
QQQ Invesco QQQ Trust Series 1 0.06% 272 $133K No change
FNDX Schwab Fndmntl US LRG Co. ETF 0.05% 1,796 $129K No change
FLR Fluor Corp. 0.05% 2,700 $129K No change
AMP Ameriprise Financial Inc. 0.05% 261 $123K No change
REET iShares Global REIT ETF 0.05% 4,544 $121K No change
IWB iShares Russell 1000 ETF 0.05% 363 $114K No change
SCHR Schwab Intermediate-Term US 0.05% 2,177 $110K No change
PIT Vaneck Commodity Strat ETF 0.05% 2,275 $109K Add +8.8%
HD Home Depot Inc. 0.04% 260 $105K Reduce -62.3%
PCY Invesco Emerging Markets Sov 0.04% 4,735 $102K No change
SPTB SS SPDR P Treasury ETF 0.04% 3,183 $100K No change
EBND State Street SPDR Bloomberg 0.04% 4,660 $99K No change
LOW Lowe's Cos Inc. 0.04% 351 $95K Reduce -5.4%
DHR Danaher Corp. 0.04% 341 $95K No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.04% 2,319 $92K No change
SCYB Schwab High Yield Bond ETF 0.04% 1,697 $91K No change
HLT Hilton Worldwide Holdings Inc. 0.04% 387 $89K No change
XLV SS Health Care Select Sector 0.04% 551 $85K Add +1.5%
MA Mastercard Inc. Class A 0.04% 170 $84K No change
AGG iShares Core U.S. Aggregate 0.03% 825 $84K Reduce -1.3%
ACN Accenture PLC Class A 0.03% 232 $82K No change
SCHA Schwab US Small-Cap ETF 0.03% 1,579 $81K New
ACWX iShares MSCI Acwi Ex US ETF 0.03% 1,407 $81K No change
EFA iShares MSCI Eafe ETF 0.03% 929 $78K No change
ICE Intercontinental Exchange Inc. 0.03% 480 $77K No change
RSP Invesco S&P 500 Equal Weight 0.03% 426 $76K No change
TIP iShares Tips Bond ETF 0.03% 654 $72K No change
FNDE Schwab Fndmntl Em MRK Eq ETF 0.03% 2,236 $72K No change
COST Costco Wholesale Corp. 0.03% 81 $72K No change
SCHM Schwab US Mid Cap ETF 0.03% 850 $71K No change
OMER Omeros Corp. 0.03% 17,048 $68K No change
CVX Chevron Corp. 0.03% 453 $67K No change
IXUS iShares Core Intl Stock ETF 0.03% 910 $66K No change
SHY iShares 1-3 Year Treasury Bo 0.03% 782 $65K No change
PG The Procter & Gamble Co. 0.03% 361 $63K No change
DGRW Wisdomtree U.S. Quality Divi 0.03% 748 $62K No change
ARTY iShares Future AI & Tech ETF 0.03% 1,802 $62K No change
ROK Rockwell Automation Inc. 0.03% 226 $61K No change
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.03% 511 $60K No change
ECL Ecolab Inc. 0.02% 231 $59K No change
EWY iShares MSCI South Korea ETF 0.02% 922 $59K No change
LMT Lockheed Martin Corp. 0.02% 100 $58K No change
IJJ iShares S&P Mid-Cap 400 Valu 0.02% 463 $57K No change
CRM Salesforce Inc. 0.02% 200 $55K No change
BA The Boeing Co. 0.02% 349 $53K No change
EWT iShares MSCI Taiwan ETF 0.02% 935 $50K Add +12.0%
EPP iShares MSCI Pacific Ex Japa 0.02% 1,005 $49K No change
IWF iShares Russell 1000 Growth 0.02% 130 $49K No change
HON Honeywell International Inc. 0.02% 226 $47K No change
ORCL Oracle Corp. 0.02% 269 $46K No change
SMH Vaneck Semiconductor ETF 0.02% 185 $45K No change
BWX SS SPDR BB Intl Treasury BD 0.02% 1,903 $44K No change
IVW iShares S&P 500 Growth ETF 0.02% 460 $44K No change
IVOG Vanguard S&P Mid-Cap 400 Gro 0.02% 355 $41K New
ICF iShares Select U.S. REIT ETF 0.02% 570 $38K No change
SONO Sonos Inc. 0.02% 3,000 $37K No change
MDT Medtronic PLC 0.01% 400 $36K No change
JNJ Johnson & Johnson 0.01% 221 $36K No change
IWR iShares Russell Mid-Cap ETF 0.01% 388 $34K No change
PIO Invesco Global Water ETF 0.01% 774 $33K No change
EWJ iShares MSCI Japan ETF 0.01% 464 $33K No change
ITW Illinois Tool Works 0.01% 124 $32K No change
SCHK Schwab 1000 Index ETF 0.01% 587 $32K No change
IUSG iShares Core S&P U.S. Growth 0.01% 245 $32K No change
FNDF Schwab Fndmn Intl LRG Co. ETF 0.01% 839 $31K No change
EPI Wisdomtree India Earnings 0.01% 621 $31K No change
ILF iShares Latin America 40 ETF 0.01% 1,205 $31K No change
TUR iShares MSCI Turkey ETF 0.01% 838 $30K No change
EZU iShares MSCI Eurozone ETF 0.01% 577 $30K No change
PHO Invesco Water Resources ETF 0.01% 424 $30K No change
LLY Eli Lilly & Co. 0.01% 33 $29K No change
EWL iShares MSCI Switzerland ETF 0.01% 546 $28K No change
SCHY Schwab International DVD ETF 0.01% 1,064 $28K No change
ACWI iShares MSCI Acwi ETF 0.01% 232 $28K No change
AVGO Broadcom Inc. 0.01% 160 $28K No change
IWV iShares Russell 3000 ETF 0.01% 83 $27K No change
JPM JPMorgan Chase & Co. 0.01% 127 $27K Reduce -40.1%
RTX RTX Corp. 0.01% 220 $27K Reduce -17.0%
ARKW ARK Next Generation Technolo 0.01% 300 $26K No change
VDC Vanguard Consumer Staple ETF 0.01% 115 $25K No change
CMCSA Comcast Corp. Class A 0.01% 586 $24K No change
ESGV Vanguard ESG US Stock ETF 0.01% 237 $24K No change
IAU iShares Gold Trust 0.01% 460 $23K No change
PEP Pepsico Inc. 0.01% 134 $23K No change
FXI iShares China Large-Cap ETF 0.01% 708 $23K No change
BDX Becton Dickinson and Co. 0.01% 89 $21K No change
IXC iShares Global Energy ETF 0.01% 513 $21K No change
IEO iShares U.S. Oil & Gas Explo 0.01% 226 $21K No change
EWZ iShares MSCI Brazil ETF 0.01% 671 $20K No change
MCD McDonald's Corp. 0.01% 64 $19K No change
ADM Archer-Daniels-Midland Co. 0.01% 324 $19K No change
ARKK ARK Innovation ETF 0.01% 400 $19K No change
IXP iShares Global Comm Services 0.01% 201 $19K No change
WIP State Street SPDR Ftse Inter 0.01% 468 $19K No change
RWX State Street SPDR Dow Jones 0.01% 683 $19K No change
GIS General Mills Inc. 0.01% 253 $19K No change
IEI iShares 3-7 Year Treasury Bo 0.01% 152 $18K No change
VOE Vngrd Mrngstr MD-Cap Val ETF 0.01% 105 $18K Add +600.0%
PBW Invesco Wilderhill Clean Ene 0.01% 876 $18K No change
DTE DTE Energy Company 0.01% 128 $16K No change
IJR iShares Core S&P Small-Cap E 0.01% 140 $16K No change
WFC Wells Fargo & Co. 0.01% 288 $16K No change
V Visa Inc. Class A 0.01% 54 $15K Reduce -28.9%
VBR Vngrd Mrngst SL-CP Val ETF-U 0.01% 73 $15K Add +630.0%
FDN First Trust DJ Internet Ind 0.01% 68 $14K No change
EWN iShares MSCI Netherlands ETF 0.01% 275 $14K No change
INDA iShares MSCI India ETF 0.01% 235 $14K No change
VAW Vanguard Materials ETF 0.01% 65 $14K No change
TXN Texas Instruments Inc. 0.01% 64 $13K No change
EIRL iShares MSCI Ireland ETF 0.01% 191 $13K No change
ABBV Abbvie Inc. 0.01% 65 $13K Reduce -50.4%
VLTO Veralto Corp. 0.01% 113 $13K No change
OEF iShares S&P 100 ETF 0.01% 45 $12K No change
CAT Caterpillar Inc. 0.00% 30 $12K No change
CARR Carrier Global Corp. 0.00% 145 $12K No change
MBB iShares MBS ETF 0.00% 119 $11K No change
ICLN iShares Global Clean Energy 0.00% 766 $11K No change
IGE iShares North American Natur 0.00% 255 $11K No change
JPXN iShares JPX-Nikkei 400 ETF 0.00% 146 $11K No change
NEE Nextera Energy Inc. 0.00% 128 $11K Reduce -49.8%
EWP iShares MSCI Spain ETF 0.00% 300 $11K No change
SCHJ Schwab 1-5 YR Corp. BND ETF 0.00% 203 $10K No change
EWC iShares MSCI Canada ETF 0.00% 242 $10K No change
BHP BHP Group Ltd.-Spon ADR 0.00% 160 $10K No change
IBB iShares Biotechnology ETF 0.00% 63 $9K No change
IBIT iShares Bitcoin Trust ETF 0.00% 253 $9K Add +44.6%
WY Weyerhaeuser Co. 0.00% 250 $8K No change
SPIB SS SPDR P Int C Corp. ETF 0.00% 245 $8K No change
INTC Intel Corp. 0.00% 351 $8K New
JNPR Juniper Networks Inc. 0.00% 203 $8K No change
EWG iShares MSCI Germany ETF 0.00% 230 $8K No change
IBND SS SPDR BB Intl Corp. BD ETF 0.00% 248 $8K No change
OTIS Otis Worldwide Corp. 0.00% 72 $7K No change
LQD Ishr Ibx Usd Invgd CB ETF-Ui 0.00% 66 $7K No change
EWD iShares MSCI Sweden ETF 0.00% 169 $7K No change
SPYG SS SPDR P S&P 500 Growth ETF 0.00% 88 $7K No change
MDLZ Mondelez International Inc. Class A 0.00% 96 $7K No change
DWX State Street SPDR S&P Intern 0.00% 170 $7K No change
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.00% 66 $6K Reduce -43.1%
SHEL Shell PLC-ADR 0.00% 96 $6K No change
ALK Alaska Air Group Inc. 0.00% 128 $6K No change
PFE Pfizer Inc. 0.00% 194 $6K No change
IGSB iShares 1-5Y Inv Grade Corp. 0.00% 106 $6K No change
DTM DT Midstream Inc. 0.00% 64 $5K No change
F Ford Motor Co. filed as FORD MTR CO 0.00% 470 $5K No change
NUV Nuveen Municipal Value 0.00% 500 $5K Reduce -48.7%
FISV Fiserv Inc. 0.00% 25 $4K Reduce -68.8%
WOR Worthington Enterprises Inc. 0.00% 108 $4K No change
STZ Constellation Brands Inc. Class A 0.00% 15 $4K Reduce -70.0%
WS Worthington Steel Inc. 0.00% 108 $4K No change
XLRE SS Real Estate Select Sector 0.00% 82 $4K No change
EZA iShares MSCI South Africa Et 0.00% 72 $4K No change
CB Chubb Ltd. 0.00% 10 $3K Reduce -88.2%
JWN Nordstrom Inc. 0.00% 128 $3K No change
SCHG Schwab US Large-Cap Growth 0.00% 26 $3K No change
GEM Goldman Sachs Activebeta Em 0.00% 75 $3K Reduce -74.1%
LHX L3HARRIS Technologies Inc. 0.00% 10 $2K Reduce -66.7%
EWI iShares MSCI Italy ETF 0.00% 50 $2K No change
AMAT Applied Materials Inc. 0.00% 9 $2K No change
VZ Verizon Communications Inc. 0.00% 40 $2K Reduce -79.0%
NOW ServiceNow Inc. 0.00% 2 $2K No change
UNH Unitedhealth Group Inc. 0.00% 3 $2K No change
IEMG iShares Core MSCI Emerging 0.00% 29 $2K New
ETN Eaton Corp. PLC 0.00% 5 $2K Reduce -94.0%
TRV The Travelers Cos Inc. 0.00% 7 $2K No change
EWS iShares MSCI Singapore ETF 0.00% 73 $2K No change
INTU Intuit Inc. 0.00% 2 $1K No change
ORLY O'reilly Automotive Inc. 0.00% 1 $1K No change
KHC The Kraft Heinz Co. 0.00% 32 $1K No change
SHV iShares 0-1 Year Treasury Bo 0.00% 10 $1K No change
WDS Woodside Energy Group-ADR 0.00% 58 $1K No change
IBKR Interactive Brokers Gro Class A 0.00% 7 $976 No change
RACE Ferrari NV 0.00% 2 $941 No change
IJH iShares Core S&P Midcap ETF 0.00% 15 $935 No change
ADI Analog Devices Inc. 0.00% 4 $921 No change
GHYB Goldman Sachs Access HY Corp. 0.00% 20 $914 No change
GD General Dynamics Corp. 0.00% 3 $907 No change
SPMD SS SPDR P S&P 400 Midcap ETF 0.00% 16 $875 New
TSLA Tesla Inc. 0.00% 3 $785 No change
WU Western Union Co. 0.00% 64 $764 No change
PGR Progressive Corp. 0.00% 3 $762 No change
C Citigroup Inc. 0.00% 12 $752 No change
APTV Aptiv Irish Holdings Ltd. filed as APTIV PLC 0.00% 10 $721 Reduce -86.7%
LNG Cheniere Energy Inc. 0.00% 4 $720 No change
SPSM SS SPDR P S&P 600 Small Cap 0.00% 15 $683 New
PARAA Paramount Global Class B 0.00% 64 $680 No change
XLU St Sr Utl SL SE SPDR ETF-Usd 0.00% 8 $647 New
BMRN Biomarin Pharmaceutical Inc. 0.00% 9 $633 No change
TMUS T-Mobile US Inc. 0.00% 3 $620 No change
DIV Global X Superdividend Use 0.00% 33 $617 No change
ADSK Autodesk Inc. 0.00% 2 $551 No change
EW Edwards Lifesciences Corp. 0.00% 8 $528 No change
IT Gartner Inc. 0.00% 1 $507 No change
LIN Linde PLC 0.00% 1 $477 No change
AMT American Tower Corp. 0.00% 2 $466 No change
HES Hess Corp. 0.00% 3 $408 No change
CORP PIMCO Inv Grade Corp. BD ETF 0.00% 4 $398 No change
ZTS Zoetis Inc. 0.00% 2 $391 No change
VTRS Viatris Inc. 0.00% 24 $279 Reduce -48.9%
BB Blackberry Ltd. 0.00% 100 $262 No change
MOS The Mosaic Co. 0.00% 8 $215 No change
EPAM Epam Systems Inc. 0.00% 1 $200 No change
PARAA Paramount Global Class A 0.00% 8 $175 No change
EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC 0.00% 1 $100 No change
TDC Teradata Corp. 0.00% 3 $92 No change
NATL NCR Atleos Corp. 0.00% 1 $29 No change
LUMN Lumen Technologies Inc. 0.00% 3 $22 No change
Other holdings (1): bonds, preferreds, convertibles and warrants · $30 (not counted above)
SecurityClassShares / PrincipalValueChange
OXY.WS Occidental Petroleum-CW27 *W EXP 08/03/202 1$30No change
Lines left out (1) · $6 — a value with no share or principal amount
SecurityClassSharesValue
LUV Southwest Airlines Co. COM0$6

Filed with a value but no share or principal amount (a cash line, a holding rounded to 0 shares), so they are kept out of the holdings, totals and percentages.

Total filed on the 13F, all lines: $239.5M.

Portfolio Sells Q2 2024 → Q3 2024
VGSH Vanguard Short-Term Treasury Reduce -12.6% 1.59% −0.32
VYM Vanguard High DVD Yield ETF Reduce -12.9% 2.01% −0.28
SCHO Schwab Short-Term US Treas Reduce -4.3% 1.70% −0.17
MGK Vngrd Mrgstr MG CP GR ETF-Ui Reduce -1.1% 1.91% −0.11
HD Home Depot Inc. Reduce -62.3% 0.04% −0.06
SPAB SS SPDR P Agg Bond ETF Reduce -3.0% 1.02% −0.06
VTIP Vanguard Short-Term Tips Reduce -3.3% 0.62% −0.06
VT Vanguard Tot World STK ETF Reduce -0.8% 2.34% −0.04
SCHP Schwab U.S. Tips ETF Reduce -1.0% 0.63% −0.03
SPTS SS SPDR P St Term TSY ETF Reduce -0.6% 0.35% −0.02
BSV Vanguard Short-Term Bond ETF Reduce -2.4% 0.22% −0.02
STPZ PIMCO 1-5 Year US Tips Index Reduce -2.4% 0.19% −0.01
AAPL Apple Inc. Reduce -9.7% 0.18% −0.01
ETN Eaton Corp. PLC Reduce -94.0% 0.00% −0.01
VGK Vanguard Ftse Europe ETF Reduce -2.9% 0.25% −0.01
CB Chubb Ltd. Reduce -88.2% 0.00% −0.01
JPM JPMorgan Chase & Co. Reduce -40.1% 0.01% −0.01
SPIP SS SPDR P Tips ETF Sold out 0.00% −0.01
VYMI Vanguard Int High DVD YLD Inc. Reduce -0.8% 0.88% −0.01
CME Cme Group Inc. Sold out 0.00% −0.01
TRGP Targa Resources Corp. Sold out 0.00% −0.01
VB Vanguard Most SM-Cap ETF-Usd Reduce -6.4% 0.09% −0.00
ABBV Abbvie Inc. Reduce -50.4% 0.01% −0.00
APD Air Products & Chemicals Inc. Sold out 0.00% −0.00
JBL Jabil Inc. Sold out 0.00% −0.00
STZ Constellation Brands Inc. Class A Reduce -70.0% 0.00% −0.00
JAAA Janus Henderson Aaa Clo ETF Sold out 0.00% −0.00
DOW Dow Inc. Sold out 0.00% −0.00
NEE Nextera Energy Inc. Reduce -49.8% 0.00% −0.00
FISV Fiserv Inc. Reduce -68.8% 0.00% −0.00
UNP Union Pacific Corp. Sold out 0.00% −0.00
GEM Goldman Sachs Activebeta Em Reduce -74.1% 0.00% −0.00
VZ Verizon Communications Inc. Reduce -79.0% 0.00% −0.00
V Visa Inc. Class A Reduce -28.9% 0.01% −0.00
DVN Devon Energy Corp. Sold out 0.00% −0.00
DIS The Walt Disney Co. Reduce -43.1% 0.00% −0.00
HEES H&E Equipment Services Inc. Sold out 0.00% −0.00
FT Franklin Universal Trust Sold out 0.00% −0.00
SPEM State Street SP PTF Em ETF Reduce -4.7% 0.09% −0.00
CRL Charles River Laboratories Sold out 0.00% −0.00
APTV Aptiv Irish Holdings Ltd. Reduce -86.7% 0.00% −0.00
LHX L3HARRIS Technologies Inc. Reduce -66.7% 0.00% −0.00
NUV Nuveen Municipal Value Reduce -48.7% 0.00% −0.00
TRMB Trimble Inc. Sold out 0.00% −0.00
GNRC Generac Holdings Inc. Sold out 0.00% −0.00
AGG iShares Core U.S. Aggregate Reduce -1.3% 0.03% −0.00
RTX RTX Corp. Reduce -17.0% 0.01% −0.00
OGN Organon & Co. Sold out 0.00% −0.00
VTRS Viatris Inc. Reduce -48.9% 0.00% −0.00
AAXJ iShares MSCI All Country Asi Reduce -0.6% 0.22% +0.00

Portfolio Buys Q2 2024 → Q3 2024
VGIT Vanguard Intermediate-Term T Add +154.0% 0.57% +0.34
VTC Vanguard Total Corporate BND Add +310.0% 0.33% +0.25
EUHY iShares Euro High Yield Corp. Add +39.9% 0.66% +0.19
BIV Vanguard Intermediate-Term B New 0.18% +0.18
BND Vanguard Total Bond Market Add +6.0% 5.64% +0.17
MGC Vngrd Mrngstr MG Cap ETF-Usd Add +43.7% 0.50% +0.14
SPTM SS SPDR P S&P 1500 Comp ETF Add +7.0% 2.62% +0.14
VIG Vanguard Dividend Apprec ETF Add +4.5% 2.01% +0.11
PLTR Palantir Technologies Inc. Class A Add +6250.0% 0.10% +0.10
SCHE Schwab Emrg Mrkts Eqty ETF Add +4.5% 1.00% +0.07
VEU Vanguard Ftse All-World Ex-U Add +2.2% 2.67% +0.06
GII State Street SPDR S&P Global Add +2.7% 0.77% +0.06
SCHZ Schwab US Aggregate Bond ETF Add +6.0% 1.82% +0.06
GSG iShares S&P Gsci Commodity I Add +51.6% 0.21% +0.05
SCHH Schwab US REIT ETF Add +2.0% 0.53% +0.05
VNQI Vanguard GLBL Ex-US Real Est Add +3.9% 0.43% +0.05
EMB iShares JP Morgan Usd Emergi Add +140.4% 0.08% +0.05
VXUS Vanguard Total Intl Stock Add +0.4% 6.04% +0.04
SCHA Schwab US Small-Cap ETF New 0.03% +0.03
MUB iShares National Muni Bond E Add +17.2% 0.23% +0.02
VEA Vanguard Ftse Developed ETF Add +4.8% 0.44% +0.02
VWOB Vanguard Emerg MKTS Gov BND Add +3.8% 0.81% +0.02
IVOG Vanguard S&P Mid-Cap 400 Gro New 0.02% +0.02
VO Vngrd Mrngstr MD-Cap ETF-Usd Add +30.9% 0.06% +0.02
XHB SS SPDR S&P Homebldrs ETF Add +1.8% 0.09% +0.01
IAGG iShares Intl Aggregate Bond Add +4.3% 1.26% +0.01
GLD SPDR Gold Shares Add +1.9% 0.18% +0.01
BBEU JPMorgan Betabuilders Europe Add +5.3% 0.32% +0.01
VOE Vngrd Mrngstr MD-Cap Val ETF Add +600.0% 0.01% +0.01
VTV Vanguard Mrngstr Val ETF-Aui Add +1.2% 0.22% +0.01
DVY iShares Select Dividend ETF Add +0.5% 0.12% +0.01
VBR Vngrd Mrngst SL-CP Val ETF-U Add +630.0% 0.01% +0.01
SPDW Ste STR SPDR PT DW Eu ETF Add +0.4% 0.99% +0.00
INTC Intel Corp. New 0.00% +0.00
IOO iShares Global 100 ETF Add +8.9% 0.08% +0.00
SCHF Schwab Intl Equity ETF Add +0.2% 2.13% +0.00
SPYM Ste STR SPDR PT S&P 500 ETF Add +3.4% 0.08% +0.00
IBIT iShares Bitcoin Trust ETF Add +44.6% 0.00% +0.00
VCSH Vanguard S/T Corp. Bond ETF Add +5.7% 0.07% +0.00
EWT iShares MSCI Taiwan ETF Add +12.0% 0.02% +0.00
IEMG iShares Core MSCI Emerging New 0.00% +0.00
SPMD SS SPDR P S&P 400 Midcap ETF New 0.00% +0.00
SPSM SS SPDR P S&P 600 Small Cap New 0.00% +0.00
XLU St Sr Utl SL SE SPDR ETF-Usd New 0.00% +0.00
XLV SS Health Care Select Sector Add +1.5% 0.04% 0.00
PIT Vaneck Commodity Strat ETF Add +8.8% 0.05% −0.00
SCHX Schwab US Large-Cap ETF Add +1.3% 0.71% −0.00
VOTE TCW Transform 500 ETF Add +0.9% 0.31% −0.00
GOOG Alphabet Inc. Class C Add +7.0% 0.09% −0.01
NVDA Nvidia Corp. Add +1.6% 0.26% −0.02

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 599$293.7MVTI, SCHB, VXUS, SPTM, MSFT
Q1 2026 505$268.9MVTI, SCHB, VXUS, BND, MSFT
Q4 2025 496$276.4MVTI, SCHB, VXUS, MSFT, BNDX
Q3 2025 529$271.2MVTI, SCHB, VXUS, MSFT, BNDX
Q2 2025 309$258.5MVTI, SCHB, VXUS, MSFT, BND
Q1 2025 314$234.2MVTI, SCHB, VXUS, BND, BNDX
Q4 2024Amended 307$235.2MVTI, SCHB, VXUS, BND, MSFT
Q3 2024Amended 308$239.5MVTI, SCHB, VXUS, BND, MSFT
Q2 2024 315$223.6MVTI, SCHB, VXUS, BND, MSFT
Q1 2024 312$217.3MVTI, SCHB, VXUS, BND, MSFT