Breakwater Investment Management Q1 2025 Filing

Filed April 17, 2025

Portfolio Value

$234.2M

Holdings

315

Report Date

Q1 2025

Filing Type

13F-HR

All Holdings (315 positions)

#	Stock	Shares	Value	% Portfolio
1	VTIVANGUARD INDEX FDS	120,969	$33.2M	14.20%
2	SCHBSCHWAB STRATEGIC TR	946,272	$20.4M	8.70%
3	VXUSVANGUARD STAR FDS	234,990	$14.6M	6.23%
4	BNDVANGUARD BD INDEX FDS	179,815	$13.2M	5.64%
5	BNDXVANGUARD CHARLOTTE FDS	223,837	$10.9M	4.67%
6	MSFTMICROSOFT CORP	27,565	$10.3M	4.42%
7	SPTMSPDR SER TR	99,324	$6.8M	2.88%
8	VEUVANGUARD INTL EQUITY INDEX F	96,824	$5.9M	2.51%
9	VYMVANGUARD WHITEHALL FDS	42,383	$5.5M	2.33%
10	VTVANGUARD INTL EQUITY INDEX F	45,088	$5.2M	2.23%
11	VWOVANGUARD INTL EQUITY INDEX F	109,670	$5.0M	2.12%
12	SPYSPDR S&P 500 ETF TR	8,695	$4.9M	2.08%
13	SCHFSCHWAB STRATEGIC TR	241,070	$4.8M	2.04%
14	VIGVANGUARD SPECIALIZED FUNDS	24,229	$4.7M	2.01%
15	SCHDSCHWAB STRATEGIC TR	154,040	$4.3M	1.84%
16	SCHZSCHWAB STRATEGIC TR	185,795	$4.3M	1.84%
17	MGVVANGUARD WORLD FD	32,877	$4.2M	1.81%
18	MGKVANGUARD WORLD FD	13,569	$4.2M	1.79%
19	VGSHVANGUARD SCOTTSDALE FDS	63,526	$3.7M	1.59%
20	SCHOSCHWAB STRATEGIC TR	132,356	$3.2M	1.38%
21	IAGGISHARES TR	58,970	$2.9M	1.26%
22	SPABSPDR SER TR	104,287	$2.7M	1.14%
23	VYMIVANGUARD WHITEHALL FDS	31,582	$2.3M	0.99%
24	SCHESCHWAB STRATEGIC TR	80,040	$2.2M	0.94%
25	SPDWSPDR INDEX SHS FDS	58,317	$2.1M	0.91%
26	SCHPSCHWAB STRATEGIC TR	76,633	$2.1M	0.88%
27	VNQVANGUARD INDEX FDS	22,677	$2.1M	0.88%
28	GIISPDR INDEX SHS FDS	31,500	$2.0M	0.83%
29	VWOBVANGUARD WHITEHALL FDS	29,845	$1.9M	0.82%
30	SCHXSCHWAB STRATEGIC TR	79,280	$1.8M	0.75%
31	EUHYISHARES INC	33,858	$1.7M	0.71%
32	VGITVANGUARD SCOTTSDALE FDS	26,808	$1.6M	0.68%
33	VTIPVANGUARD MALVERN FDS	29,492	$1.5M	0.63%
34	MGCVANGUARD WORLD FD	6,970	$1.4M	0.60%
35	MUBISHARES TR	11,952	$1.3M	0.54%
36	STIPISHARES TR	12,003	$1.2M	0.53%
37	VIGIVANGUARD WHITEHALL FDS	14,788	$1.2M	0.52%
38	VUGVANGUARD INDEX FDS	3,284	$1.2M	0.52%
39	SCHHSCHWAB STRATEGIC TR	55,820	$1.2M	0.51%
40	BBEUJ P MORGAN EXCHANGE TRADED F	18,893	$1.2M	0.50%
41	VTCVANGUARD SCOTTSDALE FDS	14,918	$1.1M	0.49%
42	VCRBVANGUARD MALVERN FDS	14,412	$1.1M	0.48%
43	AMZNAMAZON COM INC	5,814	$1.1M	0.47%
44	VEAVANGUARD TAX-MANAGED FDS	19,899	$1.0M	0.43%
45	VNQIVANGUARD INTL EQUITY INDEX F	24,820	$1.0M	0.43%
46	SPTSSPDR SER TR	26,724	$781K	0.33%
47	VVVANGUARD INDEX FDS	3,021	$776K	0.33%
48	VOTETCW ETF TRUST	11,387	$745K	0.32%
49	GQ9SPDR GOLD TR	2,490	$717K	0.31%
50	VTEBVANGUARD MUN BD FDS	13,614	$676K	0.29%
51	GOOGLALPHABET INC	4,187	$647K	0.28%
52	PLTRPALANTIR TECHNOLOGIES INC	7,246	$612K	0.26%
53	VTVVANGUARD INDEX FDS	3,422	$591K	0.25%
54	VGKVANGUARD INTL EQUITY INDEX F	8,416	$591K	0.25%
55	BSVVANGUARD BD INDEX FDS	6,664	$522K	0.22%
56	BIVVANGUARD BD INDEX FDS	6,501	$498K	0.21%
57	AAXJISHARES TR	6,625	$490K	0.21%
58	STPZPIMCO ETF TR	8,924	$482K	0.21%
59	SPSBSPDR SER TR	15,857	$477K	0.20%
60	XLKSELECT SECTOR SPDR TR	2,273	$469K	0.20%
61	GSGISHARES S&P GSCI COMMODITY-	19,885	$453K	0.19%
62	SPBOSPDR SER TR	13,046	$379K	0.16%
63	WOODISHARES TR	4,841	$365K	0.16%
64	AAPLAPPLE INC	1,555	$345K	0.15%
65	VGTVANGUARD WORLD FD	597	$324K	0.14%
66	IWMISHARES TR	1,504	$300K	0.13%
67	VCSHVANGUARD SCOTTSDALE FDS	3,346	$264K	0.11%
68	VCITVANGUARD SCOTTSDALE FDS	3,227	$264K	0.11%
69	IVVISHARES TR	449	$252K	0.11%
70	METAMETA PLATFORMS INC	421	$243K	0.10%
71	VPLVANGUARD INTL EQUITY INDEX F	3,157	$229K	0.10%
72	PRFINVESCO EXCHANGE TRADED FD T	5,600	$226K	0.10%
73	ISRGINTUITIVE SURGICAL INC	451	$223K	0.10%
74	MRKMERCK & CO INC	2,461	$221K	0.09%
75	EMBISHARES TR	2,380	$216K	0.09%
76	VBVANGUARD INDEX FDS	951	$211K	0.09%
77	AQLTISHARES TR	1,558	$209K	0.09%
78	FNDBSCHWAB STRATEGIC TR	8,943	$206K	0.09%
79	MDYSPDR S&P MIDCAP 400 ETF TR	380	$203K	0.09%
80	SPEMSPDR INDEX SHS FDS	4,883	$192K	0.08%
81	IOOISHARES TR	1,990	$192K	0.08%
82	SPYMSPDR SER TR	2,887	$190K	0.08%
83	GOOGALPHABET INC	1,200	$187K	0.08%
84	CSCOCISCO SYS INC	2,992	$185K	0.08%
85	DGRWWISDOMTREE TR	2,267	$181K	0.08%
86	VISVANGUARD WORLD FD	731	$181K	0.08%
87	TMOTHERMO FISHER SCIENTIFIC INC	358	$178K	0.08%
88	PITVANECK ETF TRUST	3,486	$178K	0.08%
89	IXJISHARES TR	1,948	$178K	0.08%
90	GRMNGARMIN LTD	790	$172K	0.07%
91	WMTWALMART INC	1,946	$171K	0.07%
92	XOMEXXON MOBIL CORP	1,403	$167K	0.07%
93	XHBSPDR SER TR	1,720	$167K	0.07%
94	VGLTVANGUARD SCOTTSDALE FDS	2,830	$163K	0.07%
95	EEMISHARES TR	3,601	$157K	0.07%
96	VOVANGUARD INDEX FDS	563	$146K	0.06%
97	SCHASCHWAB STRATEGIC TR	6,108	$143K	0.06%
98	OMEROMEROS CORP	17,048	$140K	0.06%
99	SBUXSTARBUCKS CORP	1,416	$139K	0.06%
100	AGGYWISDOMTREE TR	3,061	$133K	0.06%

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