Breakwater Investment Management

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed January 16, 2025), Breakwater Investment Management reported 307 stock positions worth $235.2 million. Its top holding was VG Morningstar TS MKT ETF-US (VTI) at 14.8% of the portfolio, followed by Schwab US Broad Market ETF (SCHB, 9.1%) and Vanguard Total Intl Stock (VXUS, 5.9%). Compared with Q3 2024, it opened 9 new positions, sold out of 10, added to 48 and reduced 36. The biggest buy was VG Morningstar TS MKT ETF-US (VTI, shares +2%) and the biggest sale an exit from Perficient (PRFT).

Most Recent 13F
Q2 2026
Location
SEATTLE, WA
CIK
0002025925
Portfolio Value
$235.2M (Q4 2024)
SEC Filing
0002025925-25-000003 ↗ 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 Q3 2024 Q4 2024: $235.2M $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 307 stocks · $235.2M
VTI VG Morningstar TS MKT ETF-US 14.82% 120,315 $34.9M Add +1.7%
SCHB Schwab US Broad Market ETF 9.12% 945,384 $21.5M Reduce -1.1%
VXUS Vanguard Total Intl Stock 5.90% 235,531 $13.9M Add +5.4%
BND Vanguard Total Bond Market 5.43% 177,767 $12.8M Reduce -1.2%
MSFT Microsoft Corp. 4.93% 27,541 $11.6M Reduce -0.0%
BNDX Vanguard Total Intl Bond ETF 4.87% 233,365 $11.4M Add +3.4%
SPTM SS SPDR P S&P 1500 Comp ETF 3.01% 99,161 $7.1M Add +10.9%
VEU Vanguard Ftse All-World Ex-U 2.35% 96,403 $5.5M Reduce -5.1%
VT Vanguard Tot World STK ETF 2.33% 46,750 $5.5M Add +0.0%
VYM Vanguard High DVD Yield ETF 2.29% 42,253 $5.4M Add +12.5%
SPY SS SPDR S&P 500 ETF Trust-US 2.17% 8,695 $5.1M Reduce -1.6%
VWO Vanguard Ftse Emerging Marke 2.06% 109,942 $4.8M Add +1.9%
VIG Vanguard Dividend Apprec ETF 2.02% 24,272 $4.8M Reduce -0.0%
MGK Vngrd Mrgstr MG CP GR ETF-Ui 1.97% 13,511 $4.6M Reduce -5.0%
SCHF Schwab Intl Equity ETF 1.92% 243,522 $4.5M Reduce -1.7%
SCHD Schwab US DVD Equity ETF 1.87% 161,099 $4.4M Reduce -3.0%
MGV Vngrd Mrgstr MG CP VL ETF-Ui 1.76% 33,120 $4.1M Reduce -2.8%
SCHZ Schwab US Aggregate Bond ETF 1.70% 176,609 $4.0M Reduce -4.0%
VGSH Vanguard Short-Term Treasury 1.55% 62,541 $3.6M Reduce -3.1%
SCHO Schwab Short-Term US Treas 1.35% 132,221 $3.2M Reduce -20.6%
IAGG iShares Intl Aggregate Bond 1.17% 55,060 $2.7M Reduce -5.6%
SPAB SS SPDR P Agg Bond ETF 1.10% 103,776 $2.6M Add +11.0%
VYMI Vanguard Int High DVD YLD Inc. 0.89% 30,843 $2.1M Add +6.9%
SCHE Schwab Emrg Mrkts Eqty ETF 0.88% 77,935 $2.1M Reduce -4.8%
VNQ Vanguard Real Estate ETF 0.86% 22,653 $2.0M Reduce -1.1%
SPDW Ste STR SPDR PT DW Eu ETF 0.82% 56,332 $1.9M Reduce -10.5%
GII State Street SPDR S&P Global 0.80% 31,641 $1.9M Add +5.9%
SCHX Schwab US Large-Cap ETF 0.78% 79,062 $1.8M Add +5.6%
VWOB Vanguard Emerg MKTS Gov BND 0.77% 28,746 $1.8M Reduce -1.6%
EUHY iShares Euro High Yield Corp. 0.69% 34,296 $1.6M Add +13.8%
VGIT Vanguard Intermediate-Term T 0.66% 26,808 $1.6M Add +18.7%
MGC Vngrd Mrngstr MG Cap ETF-Usd 0.63% 6,934 $1.5M Add +19.6%
SCHP Schwab U.S. Tips ETF 0.62% 56,202 $1.5M Add +0.6%
VTIP Vanguard Short-Term Tips 0.58% 28,036 $1.4M Reduce -6.9%
AMZN Amazon.com Inc. 0.56% 6,014 $1.3M No change
VUG Vanguard Mrngstar GR ETF-Sui 0.54% 3,108 $1.3M No change
SCHH Schwab US REIT ETF 0.51% 57,087 $1.2M Add +4.6%
STIP iShares 0-5 Year Tips Bond E 0.51% 11,893 $1.2M Add +12.3%
VIGI Vanguard Int Div App Indx FD 0.50% 14,788 $1.2M Add +0.0%
VTC Vanguard Total Corporate BND 0.48% 15,046 $1.1M Add +48.9%
BBEU JPMorgan Betabuilders Europe 0.46% 19,672 $1.1M Add +61.5%
MUB iShares National Muni Bond E 0.45% 9,973 $1.1M Add +94.5%
VEA Vanguard Ftse Developed ETF 0.39% 19,413 $928K Reduce -3.8%
VNQI Vanguard GLBL Ex-US Real Est 0.39% 23,356 $924K Add +5.5%
VV Vngrd Mrgstr LRG-Cap ETF-Usd 0.35% 3,078 $830K Add +0.0%
GOOGL Alphabet Inc. Class A 0.34% 4,271 $809K No change
VOTE TCW Transform 500 ETF 0.33% 11,344 $780K Add +3.9%
SPTS SS SPDR P St Term TSY ETF 0.33% 26,724 $775K Reduce -6.8%
VTEB Vanguard Tax-Exempt Bond ETF 0.29% 13,614 $682K No change
GSG iShares S&P Gsci Commodity I 0.25% 26,929 $586K Add +14.4%
VGK Vanguard Ftse Europe ETF 0.23% 8,416 $534K No change
PLTR Palantir Technologies Inc. Class A 0.23% 7,032 $532K Add +10.7%
XLK SS Technology Select Sector 0.22% 2,273 $528K No change
VTV Vanguard Mrngstr Val ETF-Aui 0.22% 3,077 $521K Add +1.2%
GLD SPDR Gold Shares 0.22% 2,142 $519K Add +21.2%
BSV Vanguard Short-Term Bond ETF 0.22% 6,664 $515K No change
BIV Vanguard Intermediate-Term B 0.21% 6,501 $486K Add +18.5%
AAXJ iShares MSCI All Country Asi 0.20% 6,637 $479K Reduce -2.3%
SPSB SS SPDR P St C Corp. ETF 0.20% 15,857 $473K No change
VCRB Vanguard Core Bond ETF 0.20% 6,108 $463K New
STPZ PIMCO 1-5 Year US Tips Index 0.19% 8,739 $457K No change
AAPL Apple Inc. 0.17% 1,566 $392K Reduce -14.7%
VGT Vanguard Info Tech ETF 0.16% 597 $371K Reduce -13.2%
WOOD iShares Global Timber & Fore 0.16% 4,841 $370K No change
SPBO SS SPDR P Corp. Bond ETF 0.15% 12,303 $352K Add +7.8%
IWM iShares Russell 2000 ETF 0.14% 1,504 $332K No change
IVV iShares Core S&P 500 ETF 0.11% 449 $264K No change
VCSH Vanguard S/T Corp. Bond ETF 0.11% 3,346 $261K Add +67.1%
VCIT Vanguard Int-Term Corporate 0.11% 3,199 $257K Add +36.6%
META Meta Platforms Inc. Class A 0.10% 421 $247K No change
MRK Merck & Co. Inc. 0.10% 2,461 $245K No change
GOOG Alphabet Inc. Class C 0.10% 1,284 $245K No change
ISRG Intuitive Surgical Inc. 0.10% 451 $235K No change
VB Vanguard Most SM-Cap ETF-Usd 0.10% 951 $229K No change
PRF Invesco Rafi US 1000 ETF 0.10% 5,600 $226K No change
VPL Vanguard Ftse Pacific ETF 0.10% 3,157 $224K No change
KO The Coca-Cola Co. 0.09% 3,536 $220K No change
MDY State Street SPDR S&P Midcap 0.09% 380 $216K No change
FNDB Schwab Fndmntl US BRD Mr ETF 0.09% 9,087 $211K No change
DVY iShares Select Dividend ETF 0.09% 1,558 $205K Reduce -25.2%
EMB iShares JP Morgan Usd Emergi 0.09% 2,268 $202K Add +9.6%
IOO iShares Global 100 ETF 0.09% 1,990 $201K No change
SPYM Ste STR SPDR PT S&P 500 ETF 0.08% 2,887 $199K Add +4.5%
GEV GE Vernova Inc. 0.08% 600 $197K New
SPEM State Street SP PTF Em ETF 0.08% 4,883 $187K Reduce -8.8%
TMO Thermo Fisher Scientific Inc. 0.08% 358 $186K No change
VIS Vanguard Industrials ETF 0.08% 731 $186K No change
SCHA Schwab US Small-Cap ETF 0.08% 7,094 $183K Add +124.6%
XHB SS SPDR S&P Homebldrs ETF 0.08% 1,751 $183K No change
CSCO Cisco Systems Inc. 0.08% 2,992 $177K No change
WMT Walmart Inc. 0.07% 1,946 $176K No change
OMER Omeros Corp. 0.07% 17,048 $168K No change
IXJ iShares Global Healthcare Et 0.07% 1,948 $167K Reduce -7.2%
GRMN Garmin Ltd. 0.07% 790 $163K No change
VGLT Vanguard Long-Term Treasury 0.07% 2,830 $157K No change
NVDA Nvidia Corp. 0.06% 1,130 $152K Reduce -78.0%
XOM Exxon Mobil Corp. 0.06% 1,403 $151K No change
EEM iShares MSCI Emerging Market 0.06% 3,601 $151K No change
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.06% 563 $149K No change
AMP Ameriprise Financial Inc. 0.06% 261 $139K No change
FLR Fluor Corp. 0.06% 2,700 $133K No change
AGGY Wisdomtree Yield Enhanced US 0.06% 3,061 $131K Reduce -2.1%
INDY iShares India 50 ETF 0.06% 2,565 $130K No change
SBUX Starbucks Corp. 0.05% 1,416 $129K Reduce -1.8%
FNDX Schwab Fndmntl US LRG Co. ETF 0.05% 5,388 $128K No change
ADBE Adobe Inc. 0.05% 278 $124K Reduce -24.3%
REET iShares Global REIT ETF 0.05% 5,095 $122K Add +12.1%
VOO Vanguard S&P 500 ETF 0.05% 225 $121K Reduce -22.9%
IWB iShares Russell 1000 ETF 0.05% 363 $117K No change
DGRW Wisdomtree U.S. Quality Divi 0.05% 1,420 $115K Add +89.8%
PIT Vaneck Commodity Strat ETF 0.05% 2,275 $108K No change
QQQ Invesco QQQ Trust Series 1 0.05% 208 $106K Reduce -23.5%
SCHR Schwab Intermediate-Term US 0.04% 4,354 $106K No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.04% 2,319 $102K No change
HD Home Depot Inc. 0.04% 260 $101K No change
HLT Hilton Worldwide Holdings Inc. 0.04% 387 $96K No change
SPTB SS SPDR P Treasury ETF 0.04% 3,183 $95K No change
PCY Invesco Emerging Markets Sov 0.04% 4,735 $94K No change
EBND State Street SPDR Bloomberg 0.04% 4,660 $91K No change
MA Mastercard Inc. Class A 0.04% 170 $90K No change
SCYB Schwab High Yield Bond ETF 0.04% 3,394 $89K Add +100.0%
LOW Lowe's Cos Inc. 0.04% 351 $87K No change
RSP Invesco S&P 500 Equal Weight 0.04% 473 $83K Add +11.0%
ACN Accenture PLC Class A 0.03% 232 $82K No change
AGG iShares Core U.S. Aggregate 0.03% 842 $82K Add +2.1%
DHR Danaher Corp. 0.03% 341 $78K No change
XLV SS Health Care Select Sector 0.03% 551 $76K No change
COST Costco Wholesale Corp. 0.03% 81 $74K No change
ACWX iShares MSCI Acwi Ex US ETF 0.03% 1,407 $73K No change
ICE Intercontinental Exchange Inc. 0.03% 480 $72K No change
SCHM Schwab US Mid Cap ETF 0.03% 2,550 $71K No change
EFA iShares MSCI Eafe ETF 0.03% 929 $70K No change
TIP iShares Tips Bond ETF 0.03% 654 $70K No change
CRM Salesforce Inc. 0.03% 200 $67K No change
ARTY iShares Future AI & Tech ETF 0.03% 1,802 $67K No change
CVX Chevron Corp. 0.03% 453 $66K No change
FNDE Schwab Fndmntl Em MRK Eq ETF 0.03% 2,236 $65K No change
ROK Rockwell Automation Inc. 0.03% 226 $65K No change
SHY iShares 1-3 Year Treasury Bo 0.03% 782 $64K No change
BA The Boeing Co. 0.03% 349 $62K No change
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.03% 511 $62K No change
PG The Procter & Gamble Co. 0.03% 361 $61K No change
IXUS iShares Core Intl Stock ETF 0.03% 910 $60K No change
BWX SS SPDR BB Intl Treasury BD 0.03% 2,807 $60K Add +47.5%
FNDF Schwab Fndmn Intl LRG Co. ETF 0.03% 1,783 $59K Add +112.5%
IJJ iShares S&P Mid-Cap 400 Valu 0.02% 463 $58K No change
ITOT iShares Core S&P Total U.S. 0.02% 442 $57K New
ECL Ecolab Inc. 0.02% 231 $54K No change
HON Honeywell International Inc. 0.02% 226 $51K No change
LMT Lockheed Martin Corp. 0.02% 100 $49K No change
EWT iShares MSCI Taiwan ETF 0.02% 935 $48K No change
EWY iShares MSCI South Korea ETF 0.02% 922 $47K No change
SONO Sonos Inc. 0.02% 3,000 $45K No change
ORCL Oracle Corp. 0.02% 269 $45K No change
SMH Vaneck Semiconductor ETF 0.02% 185 $45K No change
EPP iShares MSCI Pacific Ex Japa 0.02% 1,005 $44K No change
IVOG Vanguard S&P Mid-Cap 400 Gro 0.02% 355 $40K No change
AVGO Broadcom Inc. 0.02% 160 $37K No change
IEFA iShares Core MSCI Eafe ETF 0.02% 519 $36K New
ICF iShares Select U.S. REIT ETF 0.01% 570 $34K No change
IWR iShares Russell Mid-Cap ETF 0.01% 388 $34K No change
IUSG iShares Core S&P U.S. Growth 0.01% 245 $34K No change
SCHK Schwab 1000 Index ETF 0.01% 1,174 $33K No change
ARKW ARK Next Generation Technolo 0.01% 300 $32K No change
JNJ Johnson & Johnson 0.01% 221 $32K No change
ITW Illinois Tool Works 0.01% 124 $31K No change
EWJ iShares MSCI Japan ETF 0.01% 464 $31K No change
JPM JPMorgan Chase & Co. 0.01% 127 $30K No change
PIO Invesco Global Water ETF 0.01% 774 $30K No change
TUR iShares MSCI Turkey ETF 0.01% 838 $30K No change
EPI Wisdomtree India Earnings 0.01% 621 $28K No change
PHO Invesco Water Resources ETF 0.01% 424 $28K No change
IWV iShares Russell 3000 ETF 0.01% 83 $28K No change
ACWI iShares MSCI Acwi ETF 0.01% 232 $27K No change
EZU iShares MSCI Eurozone ETF 0.01% 577 $27K No change
LLY Eli Lilly & Co. 0.01% 33 $25K No change
RTX RTX Corp. 0.01% 220 $25K No change
ILF iShares Latin America 40 ETF 0.01% 1,205 $25K No change
EWL iShares MSCI Switzerland ETF 0.01% 546 $25K No change
ESGV Vanguard ESG US Stock ETF 0.01% 237 $25K No change
SCHY Schwab International DVD ETF 0.01% 1,064 $25K No change
VDC Vanguard Consumer Staple ETF 0.01% 115 $24K No change
IAU iShares Gold Trust 0.01% 460 $23K No change
ARKK ARK Innovation ETF 0.01% 400 $23K No change
CMCSA Comcast Corp. Class A 0.01% 586 $22K No change
VOE Vngrd Mrngstr MD-Cap Val ETF 0.01% 135 $22K Add +28.6%
FXI iShares China Large-Cap ETF 0.01% 708 $22K No change
PEP Pepsico Inc. 0.01% 134 $20K No change
IEO iShares U.S. Oil & Gas Explo 0.01% 226 $20K No change
WFC Wells Fargo & Co. 0.01% 288 $20K No change
BDX Becton Dickinson and Co. 0.01% 89 $20K No change
IXC iShares Global Energy ETF 0.01% 513 $20K No change
IXP iShares Global Comm Services 0.01% 201 $19K No change
VBR Vngrd Mrngst SL-CP Val ETF-U 0.01% 94 $19K Add +28.8%
MCD McDonald's Corp. 0.01% 64 $19K No change
IEI iShares 3-7 Year Treasury Bo 0.01% 152 $18K No change
V Visa Inc. Class A 0.01% 54 $17K No change
FDN First Trust DJ Internet Ind 0.01% 68 $17K No change
ADM Archer-Daniels-Midland Co. 0.01% 324 $16K No change
GIS General Mills Inc. 0.01% 253 $16K No change
IJR iShares Core S&P Small-Cap E 0.01% 140 $16K No change
RWX State Street SPDR Dow Jones 0.01% 683 $16K No change
DTE DTE Energy Company 0.01% 128 $15K No change
EWZ iShares MSCI Brazil ETF 0.01% 671 $15K No change
IEMG iShares Core MSCI Emerging 0.01% 281 $15K Add +869.0%
IBIT iShares Bitcoin Trust ETF 0.01% 253 $13K No change
OEF iShares S&P 100 ETF 0.01% 45 $13K No change
INDA iShares MSCI India ETF 0.01% 235 $12K No change
EWN iShares MSCI Netherlands ETF 0.01% 275 $12K No change
VAW Vanguard Materials ETF 0.01% 65 $12K No change
TXN Texas Instruments Inc. 0.01% 64 $12K No change
ABBV Abbvie Inc. 0.00% 65 $12K No change
VLTO Veralto Corp. 0.00% 113 $12K No change
EIRL iShares MSCI Ireland ETF 0.00% 191 $11K No change
MBB iShares MBS ETF 0.00% 119 $11K No change
IGE iShares North American Natur 0.00% 255 $11K No change
CAT Caterpillar Inc. 0.00% 30 $11K No change
JPXN iShares JPX-Nikkei 400 ETF 0.00% 146 $10K No change
CARR Carrier Global Corp. 0.00% 145 $10K No change
SCHJ Schwab 1-5 YR Corp. BND ETF 0.00% 406 $10K No change
EWC iShares MSCI Canada ETF 0.00% 242 $10K No change
SPTI SS SPDR P Int Term TSY ETF 0.00% 335 $9K New
EWP iShares MSCI Spain ETF 0.00% 300 $9K No change
NEE Nextera Energy Inc. 0.00% 128 $9K No change
ICLN iShares Global Clean Energy 0.00% 766 $9K No change
IBB iShares Biotechnology ETF 0.00% 63 $8K No change
ALK Alaska Air Group Inc. 0.00% 128 $8K No change
SPIB SS SPDR P Int C Corp. ETF 0.00% 245 $8K No change
BHP BHP Group Ltd.-Spon ADR 0.00% 160 $8K No change
SPYG SS SPDR P S&P 500 Growth ETF 0.00% 88 $8K No change
JNPR Juniper Networks Inc. 0.00% 203 $8K No change
EWG iShares MSCI Germany ETF 0.00% 230 $7K No change
IWS iShares Russell Mid-Cap Valu 0.00% 55 $7K New
WY Weyerhaeuser Co. 0.00% 250 $7K No change
IBND SS SPDR BB Intl Corp. BD ETF 0.00% 248 $7K No change
SCHG Schwab US Large-Cap Growth 0.00% 252 $7K Add +142.3%
DWMF Wisdomtree International Mul 0.00% 260 $7K New
OTIS Otis Worldwide Corp. 0.00% 72 $7K No change
PBW Invesco Wilderhill Clean Ene 0.00% 331 $7K Reduce -62.2%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.00% 59 $7K Reduce -10.6%
DTM DT Midstream Inc. 0.00% 64 $6K No change
EWD iShares MSCI Sweden ETF 0.00% 169 $6K No change
SHEL Shell PLC-ADR 0.00% 96 $6K No change
DWX State Street SPDR S&P Intern 0.00% 170 $6K No change
MDLZ Mondelez International Inc. Class A 0.00% 96 $6K No change
PFE Pfizer Inc. 0.00% 194 $5K No change
FISV Fiserv Inc. 0.00% 25 $5K No change
IWN iShares Russell 2000 Value E 0.00% 31 $5K New
SPMD SS SPDR P S&P 400 Midcap ETF 0.00% 90 $5K Add +462.5%
F Ford Motor Co. filed as FORD MTR CO 0.00% 470 $5K No change
WOR Worthington Enterprises Inc. 0.00% 108 $4K No change
SPSM SS SPDR P S&P 600 Small Cap 0.00% 85 $4K Add +466.7%
WS Worthington Steel Inc. 0.00% 108 $3K No change
XLRE SS Real Estate Select Sector 0.00% 82 $3K No change
STZ Constellation Brands Inc. Class A 0.00% 15 $3K No change
JWN Nordstrom Inc. 0.00% 128 $3K No change
EZA iShares MSCI South Africa Et 0.00% 72 $3K No change
CB Chubb Ltd. 0.00% 10 $3K No change
GEM Goldman Sachs Activebeta Em 0.00% 75 $2K No change
NOW ServiceNow Inc. 0.00% 2 $2K No change
LHX L3HARRIS Technologies Inc. 0.00% 10 $2K No change
EWI iShares MSCI Italy ETF 0.00% 50 $2K No change
TRV The Travelers Cos Inc. 0.00% 7 $2K No change
ETN Eaton Corp. PLC 0.00% 5 $2K No change
VZ Verizon Communications Inc. 0.00% 40 $2K No change
EWS iShares MSCI Singapore ETF 0.00% 73 $2K No change
UNH Unitedhealth Group Inc. 0.00% 3 $2K No change
AMAT Applied Materials Inc. 0.00% 9 $1K No change
SPYV SS SPDR P S&P 500 Value ETF 0.00% 26 $1K New
INTU Intuit Inc. 0.00% 2 $1K No change
IBKR Interactive Brokers Gro Class A 0.00% 7 $1K No change
TSLA Tesla Inc. 0.00% 3 $1K No change
ORLY O'reilly Automotive Inc. 0.00% 1 $1K No change
SHV iShares 0-1 Year Treasury Bo 0.00% 10 $1K No change
KHC The Kraft Heinz Co. 0.00% 32 $983 No change
IJH iShares Core S&P Midcap ETF 0.00% 15 $935 No change
WDS Woodside Energy Group-ADR 0.00% 58 $905 No change
GHYB Goldman Sachs Access HY Corp. 0.00% 20 $890 No change
LNG Cheniere Energy Inc. 0.00% 4 $860 No change
ADI Analog Devices Inc. 0.00% 4 $850 No change
RACE Ferrari NV 0.00% 2 $850 No change
C Citigroup Inc. 0.00% 12 $845 No change
GD General Dynamics Corp. 0.00% 3 $791 No change
PGR Progressive Corp. 0.00% 3 $719 No change
WU Western Union Co. 0.00% 64 $679 No change
PARAA Paramount Global Class B 0.00% 64 $670 No change
TMUS T-Mobile US Inc. 0.00% 3 $663 No change
XLU St Sr Utl SL SE SPDR ETF-Usd 0.00% 8 $606 No change
APTV Aptiv PLC 0.00% 10 $605 No change
DIV Global X Superdividend Use 0.00% 33 $596 No change
EW Edwards Lifesciences Corp. 0.00% 8 $593 No change
ADSK Autodesk Inc. 0.00% 2 $592 No change
BMRN Biomarin Pharmaceutical Inc. 0.00% 9 $592 No change
IT Gartner Inc. 0.00% 1 $485 No change
LIN Linde PLC 0.00% 1 $419 No change
HES Hess Corp. 0.00% 3 $400 No change
CORP PIMCO Inv Grade Corp. BD ETF 0.00% 4 $381 No change
AMT American Tower Corp. 0.00% 2 $367 No change
ZTS Zoetis Inc. 0.00% 2 $326 No change
VTRS Viatris Inc. 0.00% 24 $299 No change
EPAM Epam Systems Inc. 0.00% 1 $234 No change
MOS The Mosaic Co. 0.00% 8 $197 No change
WIP State Street SPDR Ftse Inter 0.00% 5 $181 Reduce -98.9%
PARAA Paramount Global Class A 0.00% 8 $179 No change
EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC 0.00% 1 $75 No change
NATL NCR Atleos Corp. 0.00% 1 $34 No change
LUMN Lumen Technologies Inc. 0.00% 3 $16 No change
Other holdings (1): bonds, preferreds, convertibles and warrants · $28 (not counted above)
SecurityClassShares / PrincipalValueChange
OXY.WS Occidental Petroleum-CW27 *W EXP 08/03/202 1$28No change
Lines left out (1) · $7 — a value with no share or principal amount
SecurityClassSharesValue
LUV Southwest Airlines Co. COM0$7

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: $235.2M.

Portfolio Sells Q3 2024 → Q4 2024
PRFT Perficient Inc. Sold out 0.00% −1.24
SCHO Schwab Short-Term US Treas Reduce -20.6% 1.35% −0.35
VEU Vanguard Ftse All-World Ex-U Reduce -5.1% 2.35% −0.32
SCHF Schwab Intl Equity ETF Reduce -1.7% 1.92% −0.21
BND Vanguard Total Bond Market Reduce -1.2% 5.43% −0.21
NVDA Nvidia Corp. Reduce -78.0% 0.06% −0.20
SPDW Ste STR SPDR PT DW Eu ETF Reduce -10.5% 0.82% −0.17
SCHZ Schwab US Aggregate Bond ETF Reduce -4.0% 1.70% −0.12
SCHE Schwab Emrg Mrkts Eqty ETF Reduce -4.8% 0.88% −0.11
IAGG iShares Intl Aggregate Bond Reduce -5.6% 1.17% −0.09
SCHD Schwab US DVD Equity ETF Reduce -3.0% 1.87% −0.08
VNQ Vanguard Real Estate ETF Reduce -1.1% 0.86% −0.07
MGV Vngrd Mrgstr MG CP VL ETF-Ui Reduce -2.8% 1.76% −0.07
VEA Vanguard Ftse Developed ETF Reduce -3.8% 0.39% −0.05
VGSH Vanguard Short-Term Treasury Reduce -3.1% 1.55% −0.04
VTIP Vanguard Short-Term Tips Reduce -6.9% 0.58% −0.04
VWOB Vanguard Emerg MKTS Gov BND Reduce -1.6% 0.77% −0.04
DVY iShares Select Dividend ETF Reduce -25.2% 0.09% −0.03
ADBE Adobe Inc. Reduce -24.3% 0.05% −0.03
SPTS SS SPDR P St Term TSY ETF Reduce -6.8% 0.33% −0.02
IWF iShares Russell 1000 Growth Sold out 0.00% −0.02
AAXJ iShares MSCI All Country Asi Reduce -2.3% 0.20% −0.02
IVW iShares S&P 500 Growth ETF Sold out 0.00% −0.02
MDT Medtronic PLC Sold out 0.00% −0.01
IXJ iShares Global Healthcare Et Reduce -7.2% 0.07% −0.01
MSFT Microsoft Corp. Reduce -0.0% 4.93% −0.01
VOO Vanguard S&P 500 ETF Reduce -22.9% 0.05% −0.01
SPEM State Street SP PTF Em ETF Reduce -8.8% 0.08% −0.01
AAPL Apple Inc. Reduce -14.7% 0.17% −0.01
VGT Vanguard Info Tech ETF Reduce -13.2% 0.16% −0.01
QQQ Invesco QQQ Trust Series 1 Reduce -23.5% 0.05% −0.01
WIP State Street SPDR Ftse Inter Reduce -98.9% 0.00% −0.01
PBW Invesco Wilderhill Clean Ene Reduce -62.2% 0.00% −0.00
SBUX Starbucks Corp. Reduce -1.8% 0.05% −0.00
INTC Intel Corp. Sold out 0.00% −0.00
LQD Ishr Ibx Usd Invgd CB ETF-Ui Sold out 0.00% −0.00
AGGY Wisdomtree Yield Enhanced US Reduce -2.1% 0.06% −0.00
IGSB iShares 1-5Y Inv Grade Corp. Sold out 0.00% −0.00
NUV Nuveen Municipal Value Sold out 0.00% −0.00
BB Blackberry Ltd. Sold out 0.00% −0.00
TDC Teradata Corp. Sold out 0.00% 0.00
DIS The Walt Disney Co. Reduce -10.6% 0.00% +0.00
VIG Vanguard Dividend Apprec ETF Reduce -0.0% 2.02% +0.01
SPY SS SPDR S&P 500 ETF Trust-US Reduce -1.6% 2.17% +0.05
MGK Vngrd Mrgstr MG CP GR ETF-Ui Reduce -5.0% 1.97% +0.06
SCHB Schwab US Broad Market ETF Reduce -1.1% 9.12% +0.28

Portfolio Buys Q3 2024 → Q4 2024
VTI VG Morningstar TS MKT ETF-US Add +1.7% 14.82% +0.84
SPTM SS SPDR P S&P 1500 Comp ETF Add +10.9% 3.01% +0.40
VYM Vanguard High DVD Yield ETF Add +12.5% 2.29% +0.28
MUB iShares National Muni Bond E Add +94.5% 0.45% +0.22
VCRB Vanguard Core Bond ETF New 0.20% +0.20
VTC Vanguard Total Corporate BND Add +48.9% 0.48% +0.15
BBEU JPMorgan Betabuilders Europe Add +61.5% 0.46% +0.15
PLTR Palantir Technologies Inc. Class A Add +10.7% 0.23% +0.13
MGC Vngrd Mrngstr MG Cap ETF-Usd Add +19.6% 0.63% +0.13
BNDX Vanguard Total Intl Bond ETF Add +3.4% 4.87% +0.13
VGIT Vanguard Intermediate-Term T Add +18.7% 0.66% +0.09
GEV GE Vernova Inc. New 0.08% +0.08
SPAB SS SPDR P Agg Bond ETF Add +11.0% 1.10% +0.08
SCHX Schwab US Large-Cap ETF Add +5.6% 0.78% +0.07
STIP iShares 0-5 Year Tips Bond E Add +12.3% 0.51% +0.06
VCSH Vanguard S/T Corp. Bond ETF Add +67.1% 0.11% +0.04
SCHA Schwab US Small-Cap ETF Add +124.6% 0.08% +0.04
GSG iShares S&P Gsci Commodity I Add +14.4% 0.25% +0.04
GLD SPDR Gold Shares Add +21.2% 0.22% +0.04
VCIT Vanguard Int-Term Corporate Add +36.6% 0.11% +0.03
BIV Vanguard Intermediate-Term B Add +18.5% 0.21% +0.03
GII State Street SPDR S&P Global Add +5.9% 0.80% +0.03
EUHY iShares Euro High Yield Corp. Add +13.8% 0.69% +0.03
VOTE TCW Transform 500 ETF Add +3.9% 0.33% +0.03
ITOT iShares Core S&P Total U.S. New 0.02% +0.02
DGRW Wisdomtree U.S. Quality Divi Add +89.8% 0.05% +0.02
IEFA iShares Core MSCI Eafe ETF New 0.02% +0.02
VV Vngrd Mrgstr LRG-Cap ETF-Usd Add +0.0% 0.35% +0.01
FNDF Schwab Fndmn Intl LRG Co. ETF Add +112.5% 0.03% +0.01
BWX SS SPDR BB Intl Treasury BD Add +47.5% 0.03% +0.01
SPBO SS SPDR P Corp. Bond ETF Add +7.8% 0.15% +0.01
SPYM Ste STR SPDR PT S&P 500 ETF Add +4.5% 0.08% +0.01
VYMI Vanguard Int High DVD YLD Inc. Add +6.9% 0.89% +0.01
IEMG iShares Core MSCI Emerging Add +869.0% 0.01% +0.01
EMB iShares JP Morgan Usd Emergi Add +9.6% 0.09% +0.01
SPTI SS SPDR P Int Term TSY ETF New 0.00% +0.00
RSP Invesco S&P 500 Equal Weight Add +11.0% 0.04% +0.00
IWS iShares Russell Mid-Cap Valu New 0.00% +0.00
DWMF Wisdomtree International Mul New 0.00% +0.00
IWN iShares Russell 2000 Value E New 0.00% +0.00
SCHG Schwab US Large-Cap Growth Add +142.3% 0.00% +0.00
VOE Vngrd Mrngstr MD-Cap Val ETF Add +28.6% 0.01% +0.00
VBR Vngrd Mrngst SL-CP Val ETF-U Add +28.8% 0.01% +0.00
SPMD SS SPDR P S&P 400 Midcap ETF Add +462.5% 0.00% +0.00
REET iShares Global REIT ETF Add +12.1% 0.05% +0.00
SPSM SS SPDR P S&P 600 Small Cap Add +466.7% 0.00% +0.00
SPYV SS SPDR P S&P 500 Value ETF New 0.00% +0.00
AGG iShares Core U.S. Aggregate Add +2.1% 0.03% −0.00
SCYB Schwab High Yield Bond ETF Add +100.0% 0.04% −0.00
VTV Vanguard Mrngstr Val ETF-Aui Add +1.2% 0.22% −0.00

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