# Breakwater Capital Group

> Institutional holdings reported to the SEC as of Q3 2026 on Form 13F. CIK 1964309. Source: https://holderbook.com/funds/1964309-breakwater-capital-group/

- Reported value: $844.1M
- Positions: 389
- Weight of the ten largest: 26.4%
- Filed: 2026-10-09

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| J P MORGAN EXCHANGE TRADED F | [JQUA](https://holderbook.com/stocks/JQUA/) | $33.4M | 452,494 | 4.0% | 16 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $27.0M | 80,130 | 3.2% | 16 |
| VANGUARD WORLD FD | [MGV](https://holderbook.com/stocks/MGV/) | $26.5M | 164,589 | 3.1% | 12 |
| ISHARES TR | [IWF](https://holderbook.com/stocks/IWF/) | $24.5M | 195,640 | 2.9% | 16 |
| INVESCO EXCHANGE TRADED FD T | [PRF](https://holderbook.com/stocks/PRF/) | $24.0M | 440,276 | 2.8% | 16 |
| INVESCO EXCHANGE TRADED FD T | [RSP](https://holderbook.com/stocks/RSP/) | $20.4M | 98,246 | 2.4% | 16 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $19.6M | 25,609 | 2.3% | 16 |
| VANGUARD INDEX FDS | [VTV](https://holderbook.com/stocks/VTV/) | $16.3M | 75,541 | 1.9% | 16 |
| ISHARES TR | [IQLT](https://holderbook.com/stocks/IQLT/) | $16.1M | 324,762 | 1.9% | 13 |
| ISHARES TR | [IWD](https://holderbook.com/stocks/IWD/) | $14.9M | 60,249 | 1.8% | 16 |
| BLACKROCK ETF TRUST II | [BINC](https://holderbook.com/stocks/BINC/) | $13.2M | 259,389 | 1.6% | 10 |
| PIMCO ETF TR | [PYLD](https://holderbook.com/stocks/PYLD/) | $13.0M | 512,052 | 1.5% | 10 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $12.4M | 23,504 | 1.5% | 16 |
| SCHWAB STRATEGIC TR | [FNDX](https://holderbook.com/stocks/FNDX/) | $11.6M | 368,368 | 1.4% | 9 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $11.2M | 15,963 | 1.3% | 16 |
| SPDR SERIES TRUST | [SPYG](https://holderbook.com/stocks/SPYG/) | $11.1M | 89,907 | 1.3% | 16 |
| INVESCO EXCH TRADED FD TR II | [PXF](https://holderbook.com/stocks/PXF/) | $10.0M | 130,622 | 1.2% | 16 |
| ISHARES TR | [FALN](https://holderbook.com/stocks/FALN/) | $9.9M | 379,907 | 1.2% | 16 |
| SCHWAB STRATEGIC TR | [FNDC](https://holderbook.com/stocks/FNDC/) | $9.8M | 196,307 | 1.2% | 16 |
| INVESCO EXCH TRADED FD TR II | [IPKW](https://holderbook.com/stocks/IPKW/) | $9.5M | 160,008 | 1.1% | 8 |
| TCW ETF TRUST | [FLXR](https://holderbook.com/stocks/FLXR/) | $8.5M | 225,392 | 1.0% | 2 |
| ISHARES TR | [IWB](https://holderbook.com/stocks/IWB/) | $8.2M | 19,645 | 1.0% | 16 |
| COLUMBIA ETF TR II | [XCEM](https://holderbook.com/stocks/XCEM/) | $8.1M | 158,266 | 1.0% | 16 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $7.4M | 30,546 | 0.9% | 16 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $7.4M | 29,656 | 0.9% | 16 |
| VANGUARD MALVERN FDS | [VTIP](https://holderbook.com/stocks/VTIP/) | $7.3M | 148,807 | 0.9% | 15 |
| DIMENSIONAL ETF TRUST | [DFEV](https://holderbook.com/stocks/DFEV/) | $6.8M | 159,781 | 0.8% | 16 |
| ISHARES TR | [QUAL](https://holderbook.com/stocks/QUAL/) | $6.6M | 29,547 | 0.8% | 16 |
| SPDR SERIES TRUST | [SPIB](https://holderbook.com/stocks/SPIB/) | $6.5M | 201,557 | 0.8% | 13 |
| AMERICAN CENTY ETF TR | [AVEM](https://holderbook.com/stocks/AVEM/) | $6.5M | 69,083 | 0.8% | 10 |
| ISHARES TR | [DIVB](https://holderbook.com/stocks/DIVB/) | $6.4M | 99,250 | 0.8% | 16 |
| INVESCO EXCH TRADED FD TR II | [XSHQ](https://holderbook.com/stocks/XSHQ/) | $6.3M | 140,087 | 0.7% | 14 |
| FIDELITY COVINGTON TRUST | [FESM](https://holderbook.com/stocks/FESM/) | $6.2M | 137,686 | 0.7% | 4 |
| DIMENSIONAL ETF TRUST | [DFAI](https://holderbook.com/stocks/DFAI/) | $6.1M | 146,411 | 0.7% | 10 |
| WISDOMTREE TR | [EZM](https://holderbook.com/stocks/EZM/) | $5.8M | 81,381 | 0.7% | 16 |
| TRANE TECHNOLOGIES PLC | [TT](https://holderbook.com/stocks/TT/) | $5.8M | 12,848 | 0.7% | 16 |
| DIMENSIONAL ETF TRUST | [DFIV](https://holderbook.com/stocks/DFIV/) | $5.6M | 100,137 | 0.7% | 16 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $5.5M | 16,091 | 0.6% | 16 |
| CAMBRIA ETF TR | [SYLD](https://holderbook.com/stocks/SYLD/) | $5.4M | 66,500 | 0.6% | 16 |
| ISHARES TR | [EFG](https://holderbook.com/stocks/EFG/) | $5.2M | 43,543 | 0.6% | 16 |
| ISHARES TR | [IJH](https://holderbook.com/stocks/IJH/) | $5.1M | 71,389 | 0.6% | 16 |
| VANGUARD WORLD FD | [MGK](https://holderbook.com/stocks/MGK/) | $5.1M | 54,840 | 0.6% | 16 |
| INVESCO EXCHANGE TRADED FD T | [XMMO](https://holderbook.com/stocks/XMMO/) | $4.9M | 33,316 | 0.6% | 7 |
| ISHARES TR | [IUSV](https://holderbook.com/stocks/IUSV/) | $4.9M | 44,153 | 0.6% | 16 |
| STATE STR SPDR S&P MIDCAP 40 | [MDY](https://holderbook.com/stocks/MDY/) | $4.8M | 7,339 | 0.6% | 16 |
| ISHARES TR | [IVW](https://holderbook.com/stocks/IVW/) | $4.6M | 32,352 | 0.5% | 16 |
| JANUS DETROIT STR TR | [JAAA](https://holderbook.com/stocks/JAAA/) | $4.6M | 90,953 | 0.5% | 10 |
| ISHARES TR | [IGIB](https://holderbook.com/stocks/IGIB/) | $4.3M | 86,310 | 0.5% | 15 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $4.3M | 5,678 | 0.5% | 16 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $4.2M | 12,797 | 0.5% | 16 |
| VANGUARD SCOTTSDALE FDS | [VCIT](https://holderbook.com/stocks/VCIT/) | $3.9M | 49,966 | 0.5% | 16 |
| ISHARES TR | [IJR](https://holderbook.com/stocks/IJR/) | $3.9M | 28,513 | 0.5% | 16 |
| DIMENSIONAL ETF TRUST | [DFAE](https://holderbook.com/stocks/DFAE/) | $3.7M | 94,948 | 0.4% | 16 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $3.6M | 7,302 | 0.4% | 16 |
| VANECK ETF TRUST | [ANGL](https://holderbook.com/stocks/ANGL/) | $3.6M | 130,176 | 0.4% | 13 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $3.6M | 25,984 | 0.4% | 16 |
| SPDR SERIES TRUST | [SPSM](https://holderbook.com/stocks/SPSM/) | $3.5M | 66,117 | 0.4% | 16 |
| SPDR SERIES TRUST | [SPMD](https://holderbook.com/stocks/SPMD/) | $3.5M | 54,838 | 0.4% | 9 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $3.3M | 9,702 | 0.4% | 16 |
| ISHARES TR | [STIP](https://holderbook.com/stocks/STIP/) | $3.3M | 33,157 | 0.4% | 16 |
| SCHWAB STRATEGIC TR | [FNDA](https://holderbook.com/stocks/FNDA/) | $3.3M | 93,706 | 0.4% | 7 |
| SPDR SERIES TRUST | [XBI](https://holderbook.com/stocks/XBI/) | $3.2M | 20,157 | 0.4% | 11 |
| JANUS DETROIT STR TR | [JSMD](https://holderbook.com/stocks/JSMD/) | $3.1M | 34,842 | 0.4% | 16 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $3.1M | 2,683 | 0.4% | 16 |
| INVESCO EXCHANGE TRADED FD T | [PRFZ](https://holderbook.com/stocks/PRFZ/) | $3.1M | 59,025 | 0.4% | 6 |
| BLACKROCK MUNIHLDGS NJ QLTY | [MUJ](https://holderbook.com/stocks/MUJ/) | $3.1M | 270,992 | 0.4% | 13 |
| PGIM ETF TR | [PAAA](https://holderbook.com/stocks/PAAA/) | $2.9M | 57,050 | 0.3% | 6 |
| INVESCO EXCHANGE TRADED FD T | [PKW](https://holderbook.com/stocks/PKW/) | $2.9M | 20,395 | 0.3% | 14 |
| ISHARES TR | [SCZ](https://holderbook.com/stocks/SCZ/) | $2.9M | 33,898 | 0.3% | 16 |
| ISHARES TR | [IGEB](https://holderbook.com/stocks/IGEB/) | $2.9M | 66,869 | 0.3% | 10 |
| PUTNAM ETF TRUST | [PVAL](https://holderbook.com/stocks/PVAL/) | $2.9M | 54,360 | 0.3% | 5 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $2.8M | 3,761 | 0.3% | 16 |
| INVESCO EXCH TRADED FD TR II | [IDHQ](https://holderbook.com/stocks/IDHQ/) | $2.8M | 64,368 | 0.3% | 16 |
| SPDR SERIES TRUST | [SPYV](https://holderbook.com/stocks/SPYV/) | $2.8M | 45,158 | 0.3% | 16 |
| INVESCO EXCHANGE TRADED FD T | [SPGP](https://holderbook.com/stocks/SPGP/) | $2.7M | 23,108 | 0.3% | 16 |
| VANGUARD WHITEHALL FDS | [VIGI](https://holderbook.com/stocks/VIGI/) | $2.7M | 28,990 | 0.3% | 16 |
| ANGEL OAK FUNDS TRUST | [AOHY](https://holderbook.com/stocks/AOHY/) | $2.6M | 246,528 | 0.3% | 2 |
| FIDELITY COVINGTON TRUST | [FENI](https://holderbook.com/stocks/FENI/) | $2.5M | 63,883 | 0.3% | 12 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $2.5M | 3,502 | 0.3% | 15 |
| ISHARES INC | [EWJ](https://holderbook.com/stocks/EWJ/) | $2.5M | 25,808 | 0.3% | 13 |
| VANECK ETF TRUST | [CLOI](https://holderbook.com/stocks/CLOI/) | $2.4M | 45,530 | 0.3% | 6 |
| ISHARES TR | [EFV](https://holderbook.com/stocks/EFV/) | $2.4M | 29,905 | 0.3% | 16 |
| ISHARES TR | [IJJ](https://holderbook.com/stocks/IJJ/) | $2.3M | 16,463 | 0.3% | 16 |
| MARVELL TECHNOLOGY INC | [MRVL](https://holderbook.com/stocks/MRVL/) | $2.2M | 8,458 | 0.3% | 13 |
| J P MORGAN EXCHANGE TRADED F | [JMUB](https://holderbook.com/stocks/JMUB/) | $2.2M | 46,734 | 0.3% | 8 |
| DIMENSIONAL ETF TRUST | [DFEM](https://holderbook.com/stocks/DFEM/) | $2.2M | 55,631 | 0.3% | 6 |
| ISHARES TR | [IVLU](https://holderbook.com/stocks/IVLU/) | $2.2M | 50,966 | 0.3% | 9 |
| AMERICAN CENTY ETF TR | [AVDV](https://holderbook.com/stocks/AVDV/) | $2.2M | 19,914 | 0.3% | 9 |
| CITIGROUP INC | [C](https://holderbook.com/stocks/C/) | $2.2M | 16,757 | 0.3% | 16 |
| GE AEROSPACE | [GE](https://holderbook.com/stocks/GE/) | $2.1M | 6,851 | 0.3% | 16 |
| PROSHARES TR | [NOBL](https://holderbook.com/stocks/NOBL/) | $2.1M | 39,513 | 0.3% | 16 |
| VANGUARD INDEX FDS | [VUG](https://holderbook.com/stocks/VUG/) | $2.1M | 23,475 | 0.3% | 16 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $2.1M | 29,878 | 0.2% | 16 |
| WISDOMTREE TR | [DNL](https://holderbook.com/stocks/DNL/) | $2.1M | 46,993 | 0.2% | 16 |
| VANGUARD BD INDEX FDS | [BIV](https://holderbook.com/stocks/BIV/) | $2.1M | 28,293 | 0.2% | 13 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $2.0M | 37,608 | 0.2% | 16 |
| INVESCO EXCHANGE TRADED FD T | [RPV](https://holderbook.com/stocks/RPV/) | $2.0M | 17,567 | 0.2% | 15 |
| J P MORGAN EXCHANGE TRADED F | [JPIE](https://holderbook.com/stocks/JPIE/) | $2.0M | 43,912 | 0.2% | 5 |
| VANGUARD INDEX FDS | [VBR](https://holderbook.com/stocks/VBR/) | $2.0M | 8,481 | 0.2% | 16 |
| INVESCO EXCH TRD SLF IDX FD | [IUS](https://holderbook.com/stocks/IUS/) | $2.0M | 28,865 | 0.2% | 8 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +11.1% | +14.8% | -3.8% | 100% |
| Q1 2026 | -1.1% | -4.6% | +3.5% | 100% |
| Q4 2025 | +1.7% | +2.4% | -0.7% | 100% |
| Q3 2025 | +6.3% | +7.8% | -1.6% | 100% |
| Q2 2025 | +6.8% | +10.5% | -3.7% | 100% |
| Q1 2025 | -2.0% | -4.6% | +2.6% | 100% |
| Q4 2024 | -1.5% | +2.1% | -3.6% | 100% |
| Q3 2024 | +6.2% | +5.4% | +0.7% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q3 2026 | $844.1M | 389 |
| Q2 2026 | $833.3M | 374 |
| Q1 2026 | $746.8M | 373 |
| Q4 2025 | $716.6M | 352 |
| Q3 2025 | $677.2M | 352 |
| Q2 2025 | $613.6M | 340 |
| Q1 2025 | $561.2M | 326 |
| Q4 2024 | $502.3M | 284 |
| Q3 2024 | $496.3M | 286 |
| Q2 2024 | $440.7M | 276 |
| Q1 2024 | $397.7M | 260 |
| Q4 2023 | $353.7M | 247 |