Blue Water Asset Management Q4 2025 Filing

Filed February 5, 2026

Portfolio Value

$278.1M

Holdings

104

Report Date

Q4 2025

Filing Type

13F-HR

All Holdings (104 positions)

#	Stock	Shares	Value	% Portfolio
1	PULSPGIM ETF TR	825,480	$40.9M	14.72%
2	JCPBJ P MORGAN EXCHANGE TRADED F	426,891	$20.2M	7.27%
3	UITBVICTORY PORTFOLIOS II	413,808	$19.6M	7.05%
4	SPYMSPDR SERIES TRUST	237,824	$19.1M	6.86%
5	XMHQINVESCO EXCHANGE TRADED FD T	185,326	$19.0M	6.83%
6	USVMVICTORY PORTFOLIOS II	193,786	$17.7M	6.36%
7	RWLINVESCO EXCH TRADED FD TR II	142,675	$16.3M	5.88%
8	JEPIJ P MORGAN EXCHANGE TRADED F	197,446	$11.3M	4.06%
9	HEMIHARTFORD FDS EXCHANGE TRADED	221,588	$8.7M	3.12%
10	GSIEGOLDMAN SACHS ETF TR	173,445	$7.4M	2.68%
11	JPSTJ P MORGAN EXCHANGE TRADED F	141,986	$7.2M	2.58%
12	VRPINVESCO EXCH TRADED FD TR II	279,089	$6.8M	2.44%
13	PJANINNOVATOR ETFS TRUST	129,975	$6.1M	2.20%
14	BRK-BBERKSHIRE HATHAWAY INC DEL	8	$6.0M	2.17%
15	UTESETFIS SER TR I	71,203	$5.6M	2.02%
16	PBJAPGIM ROCK ETF TR	165,085	$5.1M	1.83%
17	JXNJACKSON FINANCIAL INC	37,424	$4.0M	1.44%
18	PBNVPGIM ROCK ETF TR	128,780	$3.8M	1.36%
19	PJULINNOVATOR ETFS TRUST	48,510	$2.3M	0.81%
20	MSFTMICROSOFT CORP	4,622	$2.2M	0.80%
21	PBDEPGIM ROCK ETF TR	70,339	$2.1M	0.75%
22	JANWAIM ETF PRODUCTS TRUST	43,605	$1.6M	0.58%
23	AAPLAPPLE INC	5,694	$1.5M	0.56%
24	VYMVANGUARD WHITEHALL FDS	10,397	$1.5M	0.54%
25	CMSCMS ENERGY CORP	20,039	$1.4M	0.50%
26	ETNEATON CORP PLC	3,996	$1.3M	0.46%
27	FFORD MTR CO	94,077	$1.2M	0.44%
28	POCTINNOVATOR ETFS TRUST	25,778	$1.1M	0.41%
29	EVSDMORGAN STANLEY ETF TRUST	21,922	$1.1M	0.41%
30	PJUNINNOVATOR ETFS TRUST	26,441	$1.1M	0.40%
31	SPSBSPDR SERIES TRUST	35,554	$1.1M	0.39%
32	OCTPPGIM ROCK ETF TR	33,980	$1.0M	0.37%
33	CPSACALAMOS ETF TR	38,021	$1.0M	0.37%
34	SYKSTRYKER CORPORATION	2,716	$954K	0.34%
35	DTEDTE ENERGY CO	7,251	$935K	0.34%
36	PSEPINNOVATOR ETFS TRUST	20,076	$877K	0.32%
37	QQQMINVESCO EXCH TRADED FD TR II	3,469	$877K	0.32%
38	JNJJOHNSON & JOHNSON	4,234	$876K	0.32%
39	PAPRINNOVATOR ETFS TRUST	21,450	$839K	0.30%
40	PBAPPGIM ROCK ETF TR	28,967	$839K	0.30%
41	CPSOCALAMOS ETF TR	30,966	$838K	0.30%
42	FDVVFIDELITY COVINGTON TRUST	14,204	$805K	0.29%
43	CPSJCALAMOS ETF TR	29,178	$784K	0.28%
44	PBJNPGIM ROCK ETF TR	25,355	$758K	0.27%
45	PNOVINNOVATOR ETFS TRUST	17,373	$725K	0.26%
46	CPSDCALAMOS ETF TR	25,089	$652K	0.23%
47	DWDMORGAN STANLEY	3,623	$643K	0.23%
48	CBCHUBB LIMITED	1,972	$615K	0.22%
49	CVXCHEVRON CORP NEW	3,997	$609K	0.22%
50	LRCXLAM RESEARCH CORP	3,459	$592K	0.21%
51	XBJAINNOVATOR ETFS TRUST	18,246	$583K	0.21%
52	PBMRPGIM ROCK ETF TR	17,804	$543K	0.20%
53	PMARINNOVATOR ETFS TRUST	10,970	$493K	0.18%
54	PDECINNOVATOR ETFS TRUST	11,262	$488K	0.18%
55	PAUGINNOVATOR ETFS TRUST	11,099	$480K	0.17%
56	JMUBJ P MORGAN EXCHANGE TRADED F	9,219	$465K	0.17%
57	DECWAIM ETF PRODUCTS TRUST	13,664	$463K	0.17%
58	CPSMCALAMOS ETF TR	15,962	$456K	0.16%
59	SLVISHARES SILVER TR	7,002	$451K	0.16%
60	CPSDCALAMOS ETF TR	16,552	$447K	0.16%
61	KBESPDR SERIES TRUST	7,007	$425K	0.15%
62	FITBFIFTH THIRD BANCORP	8,906	$416K	0.15%
63	DTMDT MIDSTREAM INC	3,406	$407K	0.15%
64	GSLCGOLDMAN SACHS ETF TR	2,969	$392K	0.14%
65	VCITVANGUARD SCOTTSDALE FDS	4,564	$382K	0.14%
66	AONAON PLC	1,071	$378K	0.14%
67	JPMJPMORGAN CHASE & CO.	1,169	$376K	0.14%
68	VCLTVANGUARD SCOTTSDALE FDS	4,872	$369K	0.13%
69	VOVANGUARD INDEX FDS	1,274	$369K	0.13%
70	XBAPINNOVATOR ETFS TRUST	9,247	$357K	0.13%
71	BABOEING CO	1,645	$357K	0.13%
72	PATHUIPATH INC	21,241	$348K	0.13%
73	PBFBPGIM ROCK ETF TR	11,459	$348K	0.13%
74	DDTOINNOVATOR ETFS TRUST	8,503	$346K	0.12%
75	PBJLPGIM ROCK ETF TR	11,182	$335K	0.12%
76	CPSDCALAMOS ETF TR	13,285	$334K	0.12%
77	GSSCGOLDMAN SACHS ETF TR	4,378	$331K	0.12%
78	PINKSIMPLIFY EXCHANGE TRADED FUN	8,713	$318K	0.11%
79	KOCOCA COLA CO	4,528	$316K	0.11%
80	VTIVANGUARD INDEX FDS	940	$315K	0.11%
81	GLDMWORLD GOLD TR	3,696	$315K	0.11%
82	PBAUPGIM ROCK ETF TR	10,483	$314K	0.11%
83	XELXCEL ENERGY INC	4,221	$311K	0.11%
84	IXUSISHARES TR	3,674	$310K	0.11%
85	CLOXSERIES PORTFOLIOS TR	11,967	$305K	0.11%
86	SFLOVICTORY PORTFOLIOS II	10,177	$300K	0.11%
87	OUSAALPS ETF TR	5,183	$299K	0.11%
88	XLFSELECT SECTOR SPDR TR	5,441	$298K	0.11%
89	APRWAIM ETF PRODUCTS TRUST	8,468	$295K	0.11%
90	TAPMOLSON COORS BEVERAGE CO	6,142	$286K	0.10%
91	PBMYPGIM ROCK ETF TR	9,399	$282K	0.10%
92	SPYSPDR S&P 500 ETF TR	394	$268K	0.10%
93	MBWMMERCANTILE BK CORP	5,591	$268K	0.10%
94	GSEWGOLDMAN SACHS ETF TR	3,112	$264K	0.09%
95	IHIISHARES TR	4,030	$250K	0.09%
96	EVLNMORGAN STANLEY ETF TRUST	5,053	$249K	0.09%
97	JOYTJ P MORGAN EXCHANGE TRADED F	4,096	$236K	0.08%
98	NVDANVIDIA CORPORATION	1,234	$230K	0.08%
99	WF2WINTRUST FINL CORP	1,623	$226K	0.08%
100	BACVERIZON COMMUNICATIONS INC	5,462	$222K	0.08%

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