Blue Water Asset Management

GRAND RAPIDS, MI

$310m in 108 US stocks at the end of 30 June 2026. The top 10 are 62.2% of the money. It changed about 4.1% of the portfolio this quarter.

Value

$310m

Stocks

108

Top 10 share

62.2%

Turnover

4.1%

What changed this quarter

New

Bought for the first time this quarter.

Applied MaterialsAMAT
0.1% of the fund
Advanced Micro DevicesAMD
0.1% of the fund
Ssga Active TRTEKX
0.1% of the fund
CaterpillarCAT
0.1% of the fund
J P Morgan Exchange Traded FJTEK
<0.1% of the fund
Ishares TRICVT
<0.1% of the fund
Innovator Etfs TrustBDEC
<0.1% of the fund

Added

Bought more of a stock they already held.

J P Morgan Exchange Traded FJCPB
7.1% of the fund
+3%
Victory Portfolios IIUITB
6.8% of the fund
+3%
Morgan Stanley ETF TrustEVSD
5.7% of the fund
+6%
Invesco Exch Traded FD TR IIVRP
2.3% of the fund
+2%
Etfis SER TR IUTES
2.1% of the fund
+4%
Morgan Stanley ETF TrustPAPI
1.8% of the fund
+10%
AppleAAPL
0.5% of the fund
+2%
CMS EnergyCMS
0.5% of the fund
+4%
Pgim Rock ETF TRPBAP
0.5% of the fund
+23%
Invesco Exch Traded FD TR IIQQQM
0.4% of the fund
+29%
Pgim Rock ETF TRPBJL
0.4% of the fund
+331%
Spdr Series TrustSPSB
0.4% of the fund
+16%
Innovator Etfs TrustPJUN
0.4% of the fund
+2%
Pgim Rock ETF TRPBJN
0.3% of the fund
+32%
Pgim Rock ETF TRPBMY
0.2% of the fund
+218%
Simplify Exchange Traded FUNPINK
0.2% of the fund
+116%
J P Morgan Exchange Traded FJMUB
0.2% of the fund
+9%
Innovator Etfs TrustPJUL
0.2% of the fund
+46%
Series Portfolios TRCLOX
0.1% of the fund
+43%
Vanguard Scottsdale FDSVCIT
0.1% of the fund
+13%
NvidiaNVDA
0.1% of the fund
+40%
Amazon.comAMZN
0.1% of the fund
+8%
Eaton Vance Tax-Managed GlobXEXGX
<0.1% of the fund
+2%
Goldman Sachs ETF TRGSEW
<0.1% of the fund
+3%
Molson Coors BeverageTAP
<0.1% of the fund
+5%

Cut

Sold some of their stake.

Pgim ETF TRPULS
10.6% of the fund
-3%
Hartford FDS Exchange TradedHMOP
2.6% of the fund
-8%
J P Morgan Exchange Traded FJEPI
2.0% of the fund
-8%
J P Morgan Exchange Traded FJPST
1.8% of the fund
-9%
Pgim Rock ETF TRPBNV
1.1% of the fund
-11%
Innovator Etfs TrustPFEB
0.8% of the fund
-5%
Vanguard Whitehall FDSVYM
0.4% of the fund
-2%
Pgim Rock ETF TRPBFB
0.3% of the fund
-4%
Calamos ETF TRCPSO
0.2% of the fund
-34%
ChevronCVX
0.2% of the fund
-14%
Ishares Silver TRSLV
0.2% of the fund
-4%
Pgim Rock ETF TRPBMR
0.2% of the fund
-3%
Calamos ETF TRCPST
0.1% of the fund
-2%
Vaneck ETF TrustSMH
0.1% of the fund
-5%
Innovator Etfs TrustPOCT
0.1% of the fund
-25%
Vanguard Index FDSVTI
0.1% of the fund
-2%
Innovator Etfs TrustXBAP
0.1% of the fund
-10%
Goldman Sachs ETF TRGSLC
0.1% of the fund
-18%
AIM ETF Products TrustAPRW
<0.1% of the fund
-5%

Sold out

Sold their entire stake.

J P Morgan Exchange Traded FJDOC
-100%
Ishares TRIHI
-100%

Holdings

Pgim ETF TRPULS
Share
10.6%
Value
$33m
Shares
662,688
-3%
Invesco Exchange Traded FD TXMHQ
Share
7.2%
Value
$22m
Shares
198,483
Held
J P Morgan Exchange Traded FJCPB
Share
7.1%
Value
$22m
Shares
465,341
+3%
Spdr Series TrustSPYM
Share
7.0%
Value
$22m
Shares
246,155
Held
Victory Portfolios IIUSVM
Share
6.9%
Value
$21m
Shares
193,408
Held
Victory Portfolios IIUITB
Share
6.8%
Value
$21m
Shares
450,385
+3%
Invesco Exch Traded FD TR IIRWL
Share
5.9%
Value
$18m
Shares
142,509
Held
Morgan Stanley ETF TrustEVSD
Share
5.7%
Value
$18m
Shares
348,359
+6%
Hartford FDS Exchange TradedHMOP
Share
2.6%
Value
$8m
Shares
206,678
-8%
Goldman Sachs ETF TRGSIE
Share
2.4%
Value
$8m
Shares
165,031
Held
Invesco Exch Traded FD TR IIVRP
Share
2.3%
Value
$7m
Shares
298,914
+2%
Etfis SER TR IUTES
Share
2.1%
Value
$6m
Shares
78,357
+4%
Innovator Etfs TrustPJAN
Share
2.0%
Value
$6m
Shares
126,053
Held
J P Morgan Exchange Traded FJEPI
Share
2.0%
Value
$6m
Shares
107,520
-8%
Berkshire Hathaway INC DELBRK-A
Share
1.9%
Value
$6m
Shares
8
Held
Morgan Stanley ETF TrustPAPI
Share
1.8%
Value
$6m
Shares
213,607
+10%
J P Morgan Exchange Traded FJPST
Share
1.8%
Value
$6m
Shares
111,837
-9%
Pgim Rock ETF TRPBJA
Share
1.7%
Value
$5m
Shares
159,830
Held
Jackson FinancialJXN
Share
1.2%
Value
$4m
Shares
37,169
Held
Pgim Rock ETF TRPBNV
Share
1.1%
Value
$4m
Shares
114,178
-11%
Innovator Etfs TrustPFEB
Share
0.8%
Value
$3m
Shares
58,772
-5%
Innovator Etfs TrustPAPR
Share
0.7%
Value
$2m
Shares
53,683
Held
Pgim Rock ETF TRPBDE
Share
0.7%
Value
$2m
Shares
69,013
Held
EatonETN
Share
0.6%
Value
$2m
Shares
4,095
Held
AIM ETF Products TrustJANW
Share
0.6%
Value
$2m
Shares
44,490
Held
Innovator Etfs TrustPMAR
Share
0.5%
Value
$2m
Shares
35,319
Held
AppleAAPL
Share
0.5%
Value
$2m
Shares
5,827
+2%
MicrosoftMSFT
Share
0.5%
Value
$2m
Shares
4,378
Held
CMS EnergyCMS
Share
0.5%
Value
$2m
Shares
20,777
+4%
Pgim Rock ETF TRPBAP
Share
0.5%
Value
$2m
Shares
48,873
+23%
Lam ResearchLRCX
Share
0.5%
Value
$2m
Shares
3,471
Held
Invesco Exch Traded FD TR IIQQQM
Share
0.4%
Value
$1m
Shares
4,509
+29%
Ford MotorF
Share
0.4%
Value
$1m
Shares
91,522
Held
Vanguard Whitehall FDSVYM
Share
0.4%
Value
$1m
Shares
7,808
-2%
Pgim Rock ETF TRPBJL
Share
0.4%
Value
$1m
Shares
39,232
+331%
Spdr Series TrustSPSB
Share
0.4%
Value
$1m
Shares
40,337
+16%
Innovator Etfs TrustPJUN
Share
0.4%
Value
$1m
Shares
27,097
+2%
DTE EnergyDTE
Share
0.4%
Value
$1m
Shares
7,420
Held
Johnson & JohnsonJNJ
Share
0.3%
Value
$1m
Shares
4,243
Held
Calamos ETF TRCPSA
Share
0.3%
Value
$1m
Shares
37,962
Held
Pgim Rock ETF TRPBJN
Share
0.3%
Value
$1m
Shares
33,441
+32%
Fidelity Covington TrustFDVV
Share
0.3%
Value
$857,921
Shares
14,230
Held
StrykerSYK
Share
0.3%
Value
$834,078
Shares
2,649
Held
Pgim Rock ETF TRPBFB
Share
0.3%
Value
$828,671
Shares
25,963
-4%
Calamos ETF TRCPSJ
Share
0.3%
Value
$807,209
Shares
29,178
Held
Pgim Rock ETF TROCTP
Share
0.3%
Value
$789,736
Shares
24,433
Held
Morgan StanleyMS
Share
0.2%
Value
$766,966
Shares
3,669
Held
Pgim Rock ETF TRPBMY
Share
0.2%
Value
$749,674
Shares
24,045
+218%
Simplify Exchange Traded FUNPINK
Share
0.2%
Value
$738,506
Shares
18,864
+116%
ChubbCB
Share
0.2%
Value
$674,789
Shares
1,980
Held
Calamos ETF TRCPSD
Share
0.2%
Value
$666,681
Shares
24,974
Held
Innovator Etfs TrustXBJA
Share
0.2%
Value
$616,806
Shares
18,246
Held
Calamos ETF TRCPSO
Share
0.2%
Value
$570,191
Shares
20,481
-34%
Fifth Third BancorpFITB
Share
0.2%
Value
$555,694
Shares
9,858
Held
ChevronCVX
Share
0.2%
Value
$522,319
Shares
3,151
-14%
JPMorgan ChaseJPM
Share
0.2%
Value
$520,287
Shares
1,589
Held
J P Morgan Exchange Traded FJMUB
Share
0.2%
Value
$515,466
Shares
10,176
+9%
Innovator Etfs TrustPJUL
Share
0.2%
Value
$507,526
Shares
10,398
+46%
Innovator Etfs TrustPDEC
Share
0.2%
Value
$502,496
Shares
10,950
Held
Ishares Silver TRSLV
Share
0.2%
Value
$494,918
Shares
9,256
-4%
DT MidstreamDTM
Share
0.2%
Value
$492,937
Shares
3,359
Held
Pgim Rock ETF TRPBMR
Share
0.2%
Value
$490,901
Shares
15,296
-3%
AIM ETF Products TrustDECW
Share
0.2%
Value
$487,119
Shares
13,664
Held
Spdr Series TrustKBE
Share
0.2%
Value
$479,140
Shares
7,023
Held
Morgan Stanley ETF TrustEVLN
Share
0.2%
Value
$478,248
Shares
9,860
Held
Innovator Etfs TrustPSEP
Share
0.2%
Value
$470,769
Shares
10,223
Held
Calamos ETF TRCPSM
Share
0.2%
Value
$467,016
Shares
15,962
Held
Calamos ETF TRCPST
Share
0.1%
Value
$450,244
Shares
16,190
-2%
Series Portfolios TRCLOX
Share
0.1%
Value
$444,446
Shares
17,351
+43%
Vanguard Scottsdale FDSVCIT
Share
0.1%
Value
$431,038
Shares
5,215
+13%
Calamos ETF TRCPSR
Share
0.1%
Value
$430,705
Shares
16,665
Held
Vanguard Index FDSVO
Share
0.1%
Value
$418,388
Shares
5,193
Held
Goldman Sachs ETF TRGSSC
Share
0.1%
Value
$396,875
Shares
4,349
Held
Vaneck ETF TrustSMH
Share
0.1%
Value
$390,766
Shares
596
-5%
Innovator Etfs TrustPOCT
Share
0.1%
Value
$387,802
Shares
8,356
-25%
Applied MaterialsAMAT
Share
0.1%
Value
$386,539
Shares
535
New
Vanguard Scottsdale FDSVCLT
Share
0.1%
Value
$374,982
Shares
4,983
Held
BoeingBA
Share
0.1%
Value
$361,021
Shares
1,668
Held
NvidiaNVDA
Share
0.1%
Value
$360,252
Shares
1,800
+40%
AonAON
Share
0.1%
Value
$357,051
Shares
1,076
Held
Vanguard Index FDSVTI
Share
0.1%
Value
$357,032
Shares
965
-2%
Ishares TRIXUS
Share
0.1%
Value
$355,339
Shares
3,723
Held
Innovator Etfs TrustXBAP
Share
0.1%
Value
$349,959
Shares
8,343
-10%
Victory Portfolios IISFLO
Share
0.1%
Value
$349,428
Shares
10,217
Held
Xcel EnergyXEL
Share
0.1%
Value
$348,981
Shares
4,346
Held
Goldman Sachs ETF TRGSLC
Share
0.1%
Value
$345,332
Shares
2,434
-18%
Amazon.comAMZN
Share
0.1%
Value
$339,158
Shares
1,423
+8%
Mercantile BankMBWM
Share
0.1%
Value
$336,749
Shares
5,865
Held
Advanced Micro DevicesAMD
Share
0.1%
Value
$329,468
Shares
567
New
Pgim Rock ETF TRPBAU
Share
0.1%
Value
$329,375
Shares
10,483
Held
Coca-ColaKO
Share
0.1%
Value
$325,844
Shares
4,009
Held
Ssga Active TRTEKX
Share
0.1%
Value
$318,535
Shares
4,538
New
CaterpillarCAT
Share
0.1%
Value
$312,971
Shares
294
New
Eaton Vance Tax-Managed GlobXEXGX
Share
<0.1%
Value
$309,784
Shares
31,578
+2%
State STR Spdr S&P 500 ETF TSPY
Share
<0.1%
Value
$307,013
Shares
411
Held
Goldman Sachs ETF TRGSEW
Share
<0.1%
Value
$303,085
Shares
3,210
+3%
Alps ETF TROUSA
Share
<0.1%
Value
$302,348
Shares
5,183
Held
AIM ETF Products TrustAPRW
Share
<0.1%
Value
$299,198
Shares
8,056
-5%
Molson Coors BeverageTAP
Share
<0.1%
Value
$295,944
Shares
7,596
+5%
Select Sector Spdr TRXLF
Share
<0.1%
Value
$294,211
Shares
5,488
Held

Company	Share of fund	Value	Shares	Change
Pgim ETF TRPULS	10.6%	$33m	662,688	-3%
Invesco Exchange Traded FD TXMHQ	7.2%	$22m	198,483	Held
J P Morgan Exchange Traded FJCPB	7.1%	$22m	465,341	+3%
Spdr Series TrustSPYM	7.0%	$22m	246,155	Held
Victory Portfolios IIUSVM	6.9%	$21m	193,408	Held
Victory Portfolios IIUITB	6.8%	$21m	450,385	+3%
Invesco Exch Traded FD TR IIRWL	5.9%	$18m	142,509	Held
Morgan Stanley ETF TrustEVSD	5.7%	$18m	348,359	+6%
Hartford FDS Exchange TradedHMOP	2.6%	$8m	206,678	-8%
Goldman Sachs ETF TRGSIE	2.4%	$8m	165,031	Held
Invesco Exch Traded FD TR IIVRP	2.3%	$7m	298,914	+2%
Etfis SER TR IUTES	2.1%	$6m	78,357	+4%
Innovator Etfs TrustPJAN	2.0%	$6m	126,053	Held
J P Morgan Exchange Traded FJEPI	2.0%	$6m	107,520	-8%
Berkshire Hathaway INC DELBRK-A	1.9%	$6m	8	Held
Morgan Stanley ETF TrustPAPI	1.8%	$6m	213,607	+10%
J P Morgan Exchange Traded FJPST	1.8%	$6m	111,837	-9%
Pgim Rock ETF TRPBJA	1.7%	$5m	159,830	Held
Jackson FinancialJXN	1.2%	$4m	37,169	Held
Pgim Rock ETF TRPBNV	1.1%	$4m	114,178	-11%
Innovator Etfs TrustPFEB	0.8%	$3m	58,772	-5%
Innovator Etfs TrustPAPR	0.7%	$2m	53,683	Held
Pgim Rock ETF TRPBDE	0.7%	$2m	69,013	Held
EatonETN	0.6%	$2m	4,095	Held
AIM ETF Products TrustJANW	0.6%	$2m	44,490	Held
Innovator Etfs TrustPMAR	0.5%	$2m	35,319	Held
AppleAAPL	0.5%	$2m	5,827	+2%
MicrosoftMSFT	0.5%	$2m	4,378	Held
CMS EnergyCMS	0.5%	$2m	20,777	+4%
Pgim Rock ETF TRPBAP	0.5%	$2m	48,873	+23%
Lam ResearchLRCX	0.5%	$2m	3,471	Held
Invesco Exch Traded FD TR IIQQQM	0.4%	$1m	4,509	+29%
Ford MotorF	0.4%	$1m	91,522	Held
Vanguard Whitehall FDSVYM	0.4%	$1m	7,808	-2%
Pgim Rock ETF TRPBJL	0.4%	$1m	39,232	+331%
Spdr Series TrustSPSB	0.4%	$1m	40,337	+16%
Innovator Etfs TrustPJUN	0.4%	$1m	27,097	+2%
DTE EnergyDTE	0.4%	$1m	7,420	Held
Johnson & JohnsonJNJ	0.3%	$1m	4,243	Held
Calamos ETF TRCPSA	0.3%	$1m	37,962	Held
Pgim Rock ETF TRPBJN	0.3%	$1m	33,441	+32%
Fidelity Covington TrustFDVV	0.3%	$857,921	14,230	Held
StrykerSYK	0.3%	$834,078	2,649	Held
Pgim Rock ETF TRPBFB	0.3%	$828,671	25,963	-4%
Calamos ETF TRCPSJ	0.3%	$807,209	29,178	Held
Pgim Rock ETF TROCTP	0.3%	$789,736	24,433	Held
Morgan StanleyMS	0.2%	$766,966	3,669	Held
Pgim Rock ETF TRPBMY	0.2%	$749,674	24,045	+218%
Simplify Exchange Traded FUNPINK	0.2%	$738,506	18,864	+116%
ChubbCB	0.2%	$674,789	1,980	Held
Calamos ETF TRCPSD	0.2%	$666,681	24,974	Held
Innovator Etfs TrustXBJA	0.2%	$616,806	18,246	Held
Calamos ETF TRCPSO	0.2%	$570,191	20,481	-34%
Fifth Third BancorpFITB	0.2%	$555,694	9,858	Held
ChevronCVX	0.2%	$522,319	3,151	-14%
JPMorgan ChaseJPM	0.2%	$520,287	1,589	Held
J P Morgan Exchange Traded FJMUB	0.2%	$515,466	10,176	+9%
Innovator Etfs TrustPJUL	0.2%	$507,526	10,398	+46%
Innovator Etfs TrustPDEC	0.2%	$502,496	10,950	Held
Ishares Silver TRSLV	0.2%	$494,918	9,256	-4%
DT MidstreamDTM	0.2%	$492,937	3,359	Held
Pgim Rock ETF TRPBMR	0.2%	$490,901	15,296	-3%
AIM ETF Products TrustDECW	0.2%	$487,119	13,664	Held
Spdr Series TrustKBE	0.2%	$479,140	7,023	Held
Morgan Stanley ETF TrustEVLN	0.2%	$478,248	9,860	Held
Innovator Etfs TrustPSEP	0.2%	$470,769	10,223	Held
Calamos ETF TRCPSM	0.2%	$467,016	15,962	Held
Calamos ETF TRCPST	0.1%	$450,244	16,190	-2%
Series Portfolios TRCLOX	0.1%	$444,446	17,351	+43%
Vanguard Scottsdale FDSVCIT	0.1%	$431,038	5,215	+13%
Calamos ETF TRCPSR	0.1%	$430,705	16,665	Held
Vanguard Index FDSVO	0.1%	$418,388	5,193	Held
Goldman Sachs ETF TRGSSC	0.1%	$396,875	4,349	Held
Vaneck ETF TrustSMH	0.1%	$390,766	596	-5%
Innovator Etfs TrustPOCT	0.1%	$387,802	8,356	-25%
Applied MaterialsAMAT	0.1%	$386,539	535	New
Vanguard Scottsdale FDSVCLT	0.1%	$374,982	4,983	Held
BoeingBA	0.1%	$361,021	1,668	Held
NvidiaNVDA	0.1%	$360,252	1,800	+40%
AonAON	0.1%	$357,051	1,076	Held
Vanguard Index FDSVTI	0.1%	$357,032	965	-2%
Ishares TRIXUS	0.1%	$355,339	3,723	Held
Innovator Etfs TrustXBAP	0.1%	$349,959	8,343	-10%
Victory Portfolios IISFLO	0.1%	$349,428	10,217	Held
Xcel EnergyXEL	0.1%	$348,981	4,346	Held
Goldman Sachs ETF TRGSLC	0.1%	$345,332	2,434	-18%
Amazon.comAMZN	0.1%	$339,158	1,423	+8%
Mercantile BankMBWM	0.1%	$336,749	5,865	Held
Advanced Micro DevicesAMD	0.1%	$329,468	567	New
Pgim Rock ETF TRPBAU	0.1%	$329,375	10,483	Held
Coca-ColaKO	0.1%	$325,844	4,009	Held
Ssga Active TRTEKX	0.1%	$318,535	4,538	New
CaterpillarCAT	0.1%	$312,971	294	New
Eaton Vance Tax-Managed GlobXEXGX	<0.1%	$309,784	31,578	+2%
State STR Spdr S&P 500 ETF TSPY	<0.1%	$307,013	411	Held
Goldman Sachs ETF TRGSEW	<0.1%	$303,085	3,210	+3%
Alps ETF TROUSA	<0.1%	$302,348	5,183	Held
AIM ETF Products TrustAPRW	<0.1%	$299,198	8,056	-5%
Molson Coors BeverageTAP	<0.1%	$295,944	7,596	+5%
Select Sector Spdr TRXLF	<0.1%	$294,211	5,488	Held

Showing the largest 100 of 108.

Over time and by industry

Value over time

Dec '25

Jun '26

Value is up 11.4% since 31 December 2025.

Where the money is

Financial services2.4%

Technology1.9%

Utilities1.1%

Industrials0.8%

Health care0.6%

Retail & consumer0.5%

Energy0.3%

Everyday goods0.3%

Media & telecom0.1%

Other92.1%

From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.