# Blue Water Asset Management

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 2033384. Source: https://holderbook.com/funds/2033384-blue-water-asset-management/

- Reported value: $309.8M
- Positions: 108
- Weight of the ten largest: 62.2%
- Filed: 2026-08-03

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 |
|---|---|---|---|---|---|
| PGIM ETF TR | [PULS](https://holderbook.com/stocks/PULS/) | $32.8M | 662,688 | 10.6% | 3 |
| INVESCO EXCHANGE TRADED FD T | [XMHQ](https://holderbook.com/stocks/XMHQ/) | $22.4M | 198,483 | 7.2% | 3 |
| J P MORGAN EXCHANGE TRADED F | [JCPB](https://holderbook.com/stocks/JCPB/) | $21.8M | 465,341 | 7.1% | 3 |
| SPDR SERIES TRUST | [SPYM](https://holderbook.com/stocks/SPYM/) | $21.6M | 246,155 | 7.0% | 3 |
| VICTORY PORTFOLIOS II | [USVM](https://holderbook.com/stocks/USVM/) | $21.2M | 193,408 | 6.9% | 3 |
| VICTORY PORTFOLIOS II | [UITB](https://holderbook.com/stocks/UITB/) | $21.1M | 450,385 | 6.8% | 3 |
| INVESCO EXCH TRADED FD TR II | [RWL](https://holderbook.com/stocks/RWL/) | $18.2M | 142,509 | 5.9% | 3 |
| MORGAN STANLEY ETF TRUST | [EVSD](https://holderbook.com/stocks/EVSD/) | $17.7M | 348,359 | 5.7% | 3 |
| HARTFORD FDS EXCHANGE TRADED | [HMOP](https://holderbook.com/stocks/HMOP/) | $8.1M | 206,678 | 2.6% | 3 |
| GOLDMAN SACHS ETF TR | [GSIE](https://holderbook.com/stocks/GSIE/) | $7.5M | 165,031 | 2.4% | 3 |
| INVESCO EXCH TRADED FD TR II | [VRP](https://holderbook.com/stocks/VRP/) | $7.3M | 298,914 | 2.3% | 3 |
| ETFIS SER TR I | [UTES](https://holderbook.com/stocks/UTES/) | $6.4M | 78,357 | 2.1% | 3 |
| INNOVATOR ETFS TRUST | [PJAN](https://holderbook.com/stocks/PJAN/) | $6.2M | 126,053 | 2.0% | 3 |
| J P MORGAN EXCHANGE TRADED F | [JEPI](https://holderbook.com/stocks/JEPI/) | $6.1M | 107,520 | 2.0% | 3 |
| BERKSHIRE HATHAWAY INC DEL | [BRKA](https://holderbook.com/stocks/BRKA/) | $6.0M | 8 | 1.9% | 3 |
| MORGAN STANLEY ETF TRUST | [PAPI](https://holderbook.com/stocks/PAPI/) | $5.7M | 213,607 | 1.8% | 2 |
| J P MORGAN EXCHANGE TRADED F | [JPST](https://holderbook.com/stocks/JPST/) | $5.7M | 111,837 | 1.8% | 3 |
| PGIM ROCK ETF TR | [PBJA](https://holderbook.com/stocks/PBJA/) | $5.2M | 159,830 | 1.7% | 3 |
| JACKSON FINANCIAL INC | [JXN](https://holderbook.com/stocks/JXN/) | $3.8M | 37,169 | 1.2% | 3 |
| PGIM ROCK ETF TR | [PBNV](https://holderbook.com/stocks/PBNV/) | $3.5M | 114,178 | 1.1% | 3 |
| INNOVATOR ETFS TRUST | [PFEB](https://holderbook.com/stocks/PFEB/) | $2.5M | 58,772 | 0.8% | 3 |
| INNOVATOR ETFS TRUST | [PAPR](https://holderbook.com/stocks/PAPR/) | $2.3M | 53,683 | 0.7% | 3 |
| PGIM ROCK ETF TR | [PBDE](https://holderbook.com/stocks/PBDE/) | $2.1M | 69,013 | 0.7% | 3 |
| EATON CORP PLC | [ETN](https://holderbook.com/stocks/ETN/) | $1.7M | 4,095 | 0.6% | 3 |
| AIM ETF PRODUCTS TRUST | [JANW](https://holderbook.com/stocks/JANW/) | $1.7M | 44,490 | 0.6% | 3 |
| INNOVATOR ETFS TRUST | [PMAR](https://holderbook.com/stocks/PMAR/) | $1.7M | 35,319 | 0.5% | 3 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $1.7M | 5,827 | 0.5% | 3 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $1.6M | 4,378 | 0.5% | 3 |
| CMS ENERGY CORP | [CMS](https://holderbook.com/stocks/CMS/) | $1.6M | 20,777 | 0.5% | 3 |
| PGIM ROCK ETF TR | [PBAP](https://holderbook.com/stocks/PBAP/) | $1.5M | 48,873 | 0.5% | 3 |
| LAM RESEARCH CORP | [LRCX](https://holderbook.com/stocks/LRCX/) | $1.5M | 3,471 | 0.5% | 3 |
| INVESCO EXCH TRADED FD TR II | [QQQM](https://holderbook.com/stocks/QQQM/) | $1.4M | 4,509 | 0.4% | 3 |
| FORD MTR CO | [F](https://holderbook.com/stocks/F/) | $1.3M | 91,522 | 0.4% | 3 |
| VANGUARD WHITEHALL FDS | [VYM](https://holderbook.com/stocks/VYM/) | $1.2M | 7,808 | 0.4% | 3 |
| PGIM ROCK ETF TR | [PBJL](https://holderbook.com/stocks/PBJL/) | $1.2M | 39,232 | 0.4% | 3 |
| SPDR SERIES TRUST | [SPSB](https://holderbook.com/stocks/SPSB/) | $1.2M | 40,337 | 0.4% | 3 |
| INNOVATOR ETFS TRUST | [PJUN](https://holderbook.com/stocks/PJUN/) | $1.2M | 27,097 | 0.4% | 3 |
| DTE ENERGY CO | [DTE](https://holderbook.com/stocks/DTE/) | $1.1M | 7,420 | 0.4% | 3 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $1.1M | 4,243 | 0.3% | 3 |
| CALAMOS ETF TR | [CPSA](https://holderbook.com/stocks/CPSA/) | $1.1M | 37,962 | 0.3% | 3 |
| PGIM ROCK ETF TR | [PBJN](https://holderbook.com/stocks/PBJN/) | $1.0M | 33,441 | 0.3% | 3 |
| FIDELITY COVINGTON TRUST | [FDVV](https://holderbook.com/stocks/FDVV/) | $857.9K | 14,230 | 0.3% | 3 |
| STRYKER CORPORATION | [SYK](https://holderbook.com/stocks/SYK/) | $834.1K | 2,649 | 0.3% | 3 |
| PGIM ROCK ETF TR | [PBFB](https://holderbook.com/stocks/PBFB/) | $828.7K | 25,963 | 0.3% | 3 |
| CALAMOS ETF TR | [CPSJ](https://holderbook.com/stocks/CPSJ/) | $807.2K | 29,178 | 0.3% | 3 |
| PGIM ROCK ETF TR | [OCTP](https://holderbook.com/stocks/OCTP/) | $789.7K | 24,433 | 0.3% | 3 |
| MORGAN STANLEY | [MS](https://holderbook.com/stocks/MS/) | $767.0K | 3,669 | 0.2% | 3 |
| PGIM ROCK ETF TR | [PBMY](https://holderbook.com/stocks/PBMY/) | $749.7K | 24,045 | 0.2% | 3 |
| SIMPLIFY EXCHANGE TRADED FUN | [PINK](https://holderbook.com/stocks/PINK/) | $738.5K | 18,864 | 0.2% | 3 |
| CHUBB LIMITED | [CB](https://holderbook.com/stocks/CB/) | $674.8K | 1,980 | 0.2% | 3 |
| CALAMOS ETF TR | [CPSD](https://holderbook.com/stocks/CPSD/) | $666.7K | 24,974 | 0.2% | 3 |
| INNOVATOR ETFS TRUST | [XBJA](https://holderbook.com/stocks/XBJA/) | $616.8K | 18,246 | 0.2% | 3 |
| CALAMOS ETF TR | [CPSO](https://holderbook.com/stocks/CPSO/) | $570.2K | 20,481 | 0.2% | 3 |
| FIFTH THIRD BANCORP | [FITB](https://holderbook.com/stocks/FITB/) | $555.7K | 9,858 | 0.2% | 3 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $522.3K | 3,151 | 0.2% | 3 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $520.3K | 1,589 | 0.2% | 3 |
| J P MORGAN EXCHANGE TRADED F | [JMUB](https://holderbook.com/stocks/JMUB/) | $515.5K | 10,176 | 0.2% | 3 |
| INNOVATOR ETFS TRUST | [PJUL](https://holderbook.com/stocks/PJUL/) | $507.5K | 10,398 | 0.2% | 3 |
| INNOVATOR ETFS TRUST | [PDEC](https://holderbook.com/stocks/PDEC/) | $502.5K | 10,950 | 0.2% | 3 |
| ISHARES SILVER TR | [SLV](https://holderbook.com/stocks/SLV/) | $494.9K | 9,256 | 0.2% | 3 |
| DT MIDSTREAM INC | [DTM](https://holderbook.com/stocks/DTM/) | $492.9K | 3,359 | 0.2% | 3 |
| PGIM ROCK ETF TR | [PBMR](https://holderbook.com/stocks/PBMR/) | $490.9K | 15,296 | 0.2% | 3 |
| AIM ETF PRODUCTS TRUST | [DECW](https://holderbook.com/stocks/DECW/) | $487.1K | 13,664 | 0.2% | 3 |
| SPDR SERIES TRUST | [KBE](https://holderbook.com/stocks/KBE/) | $479.1K | 7,023 | 0.2% | 3 |
| MORGAN STANLEY ETF TRUST | [EVLN](https://holderbook.com/stocks/EVLN/) | $478.2K | 9,860 | 0.2% | 3 |
| INNOVATOR ETFS TRUST | [PSEP](https://holderbook.com/stocks/PSEP/) | $470.8K | 10,223 | 0.2% | 3 |
| CALAMOS ETF TR | [CPSM](https://holderbook.com/stocks/CPSM/) | $467.0K | 15,962 | 0.2% | 3 |
| CALAMOS ETF TR | [CPST](https://holderbook.com/stocks/CPST/) | $450.2K | 16,190 | 0.1% | 3 |
| SERIES PORTFOLIOS TR | [CLOX](https://holderbook.com/stocks/CLOX/) | $444.4K | 17,351 | 0.1% | 3 |
| VANGUARD SCOTTSDALE FDS | [VCIT](https://holderbook.com/stocks/VCIT/) | $431.0K | 5,215 | 0.1% | 3 |
| CALAMOS ETF TR | [CPSR](https://holderbook.com/stocks/CPSR/) | $430.7K | 16,665 | 0.1% | 3 |
| VANGUARD INDEX FDS | [VO](https://holderbook.com/stocks/VO/) | $418.4K | 5,193 | 0.1% | 3 |
| GOLDMAN SACHS ETF TR | [GSSC](https://holderbook.com/stocks/GSSC/) | $396.9K | 4,349 | 0.1% | 3 |
| VANECK ETF TRUST | [SMH](https://holderbook.com/stocks/SMH/) | $390.8K | 596 | 0.1% | 2 |
| INNOVATOR ETFS TRUST | [POCT](https://holderbook.com/stocks/POCT/) | $387.8K | 8,356 | 0.1% | 3 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $386.5K | 535 | 0.1% | 1 |
| VANGUARD SCOTTSDALE FDS | [VCLT](https://holderbook.com/stocks/VCLT/) | $375.0K | 4,983 | 0.1% | 3 |
| BOEING CO | [BA](https://holderbook.com/stocks/BA/) | $361.0K | 1,668 | 0.1% | 3 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $360.3K | 1,800 | 0.1% | 3 |
| AON PLC | [AON](https://holderbook.com/stocks/AON/) | $357.1K | 1,076 | 0.1% | 3 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $357.0K | 965 | 0.1% | 3 |
| ISHARES TR | [IXUS](https://holderbook.com/stocks/IXUS/) | $355.3K | 3,723 | 0.1% | 3 |
| INNOVATOR ETFS TRUST | [XBAP](https://holderbook.com/stocks/XBAP/) | $350.0K | 8,343 | 0.1% | 3 |
| VICTORY PORTFOLIOS II | [SFLO](https://holderbook.com/stocks/SFLO/) | $349.4K | 10,217 | 0.1% | 3 |
| XCEL ENERGY INC | [XEL](https://holderbook.com/stocks/XEL/) | $349.0K | 4,346 | 0.1% | 3 |
| GOLDMAN SACHS ETF TR | [GSLC](https://holderbook.com/stocks/GSLC/) | $345.3K | 2,434 | 0.1% | 3 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $339.2K | 1,423 | 0.1% | 2 |
| MERCANTILE BK CORP | [MBWM](https://holderbook.com/stocks/MBWM/) | $336.7K | 5,865 | 0.1% | 3 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $329.5K | 567 | 0.1% | 1 |
| PGIM ROCK ETF TR | [PBAU](https://holderbook.com/stocks/PBAU/) | $329.4K | 10,483 | 0.1% | 3 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $325.8K | 4,009 | 0.1% | 3 |
| SSGA ACTIVE TR | [TEKX](https://holderbook.com/stocks/TEKX/) | $318.5K | 4,538 | 0.1% | 1 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $313.0K | 294 | 0.1% | 1 |
| EATON VANCE TAX-MANAGED GLOB | [EXG](https://holderbook.com/stocks/EXG/) | $309.8K | 31,578 | 0.1% | 3 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $307.0K | 411 | 0.1% | 3 |
| GOLDMAN SACHS ETF TR | [GSEW](https://holderbook.com/stocks/GSEW/) | $303.1K | 3,210 | 0.1% | 3 |
| ALPS ETF TR | [OUSA](https://holderbook.com/stocks/OUSA/) | $302.3K | 5,183 | 0.1% | 3 |
| AIM ETF PRODUCTS TRUST | [APRW](https://holderbook.com/stocks/APRW/) | $299.2K | 8,056 | 0.1% | 3 |
| MOLSON COORS BEVERAGE CO | [TAP](https://holderbook.com/stocks/TAP/) | $295.9K | 7,596 | 0.1% | 3 |
| SELECT SECTOR SPDR TR | [XLF](https://holderbook.com/stocks/XLF/) | $294.2K | 5,488 | 0.1% | 3 |

## 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 | +5.2% | +14.8% | -9.6% | 100% |
| Q1 2026 | -0.5% | -4.6% | +4.1% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $309.8M | 108 |
| Q1 2026 | $289.4M | 103 |
| Q4 2025 | $278.1M | 104 |