13F HOLDINGS REPORT

Blue Water Asset Management

Quarter ended Q4 2025 · Filed February 5, 2026 · Accession 0002033384-26-000001

Total Value

$278.1M

Positions

104

Other Managers

Confidential Omitted

View on SEC.gov

Holdings (104)

#	Issuer	Ticker / CUSIP	Shares	Value	% of Filing
1	PGIM ETF TR	69344A107	825,480	$40.9M	14.72%
2	J P MORGAN EXCHANGE TRADED F	46641Q670	426,891	$20.2M	7.27%
3	VICTORY PORTFOLIOS II	92647N527	413,808	$19.6M	7.05%
4	SPDR SERIES TRUST	78464A854	237,824	$19.1M	6.86%
5	INVESCO EXCHANGE TRADED FD T	IVZ	185,326	$19.0M	6.83%
6	VICTORY PORTFOLIOS II	92647N568	193,786	$17.7M	6.36%
7	INVESCO EXCH TRADED FD TR II	IVZ	142,675	$16.3M	5.88%
8	J P MORGAN EXCHANGE TRADED F	46641Q332	197,446	$11.3M	4.06%
9	HARTFORD FDS EXCHANGE TRADED	41653L503	221,588	$8.7M	3.12%
10	GOLDMAN SACHS ETF TR	NVGLF	173,445	$7.4M	2.68%
11	J P MORGAN EXCHANGE TRADED F	46641Q837	141,986	$7.2M	2.58%
12	INVESCO EXCH TRADED FD TR II	IVZ	279,089	$6.8M	2.44%
13	INNOVATOR ETFS TRUST	INHD	129,975	$6.1M	2.20%
14	BERKSHIRE HATHAWAY INC DEL	BRK-A	8	$6.0M	2.17%
15	ETFIS SER TR I	26923G806	71,203	$5.6M	2.02%
16	PGIM ROCK ETF TR	69420N205	165,085	$5.1M	1.83%
17	JACKSON FINANCIAL INC	JXN-PA	37,424	$4.0M	1.44%
18	PGIM ROCK ETF TR	69420N767	128,780	$3.8M	1.36%
19	INNOVATOR ETFS TRUST	INHD	48,510	$2.3M	0.81%
20	MICROSOFT CORP	MSFT	4,622	$2.2M	0.80%
21	PGIM ROCK ETF TR	69420N759	70,339	$2.1M	0.75%
22	AIM ETF PRODUCTS TRUST	00888H802	43,605	$1.6M	0.58%
23	APPLE INC	AAPL	5,694	$1.5M	0.56%
24	VANGUARD WHITEHALL FDS	921946406	10,397	$1.5M	0.54%
25	CMS ENERGY CORP	CMS-PC	20,039	$1.4M	0.50%
26	EATON CORP PLC	ETN	3,996	$1.3M	0.46%
27	FORD MTR CO	345370860	94,077	$1.2M	0.44%
28	INNOVATOR ETFS TRUST	INHD	25,778	$1.1M	0.41%
29	MORGAN STANLEY ETF TRUST	MS-PQ	21,922	$1.1M	0.41%
30	INNOVATOR ETFS TRUST	INHD	26,441	$1.1M	0.40%
31	SPDR SERIES TRUST	78464A474	35,554	$1.1M	0.39%
32	PGIM ROCK ETF TR	69420N742	33,980	$1.0M	0.37%
33	CALAMOS ETF TR	12811T704	38,021	$1.0M	0.37%
34	STRYKER CORPORATION	SYK	2,716	$954,537	0.34%
35	DTE ENERGY CO	DTK	7,251	$935,285	0.34%
36	INNOVATOR ETFS TRUST	INHD	20,076	$877,691	0.32%
37	INVESCO EXCH TRADED FD TR II	IVZ	3,469	$877,328	0.32%
38	JOHNSON & JOHNSON	JNJ	4,234	$876,131	0.32%
39	PGIM ROCK ETF TR	69420N809	28,967	$839,319	0.30%
40	INNOVATOR ETFS TRUST	INHD	21,450	$839,124	0.30%
41	CALAMOS ETF TR	12811T829	30,966	$838,076	0.30%
42	FIDELITY COVINGTON TRUST	316092840	14,204	$805,227	0.29%
43	CALAMOS ETF TR	12811T803	29,178	$784,451	0.28%
44	PGIM ROCK ETF TR	69420N858	25,355	$758,495	0.27%
45	INNOVATOR ETFS TRUST	INHD	17,373	$725,844	0.26%
46	CALAMOS ETF TR	12811T795	25,089	$652,941	0.23%
47	MORGAN STANLEY	MS-PQ	3,623	$643,250	0.23%
48	CHUBB LIMITED	CB	1,972	$615,614	0.22%
49	CHEVRON CORP NEW	CVX	3,997	$609,253	0.22%
50	LAM RESEARCH CORP	LRCX	3,459	$592,039	0.21%
51	INNOVATOR ETFS TRUST	INHD	18,246	$583,328	0.21%
52	PGIM ROCK ETF TR	69420N601	17,804	$543,022	0.20%
53	INNOVATOR ETFS TRUST	INHD	10,970	$493,012	0.18%
54	INNOVATOR ETFS TRUST	INHD	11,262	$488,546	0.18%
55	INNOVATOR ETFS TRUST	INHD	11,099	$480,032	0.17%
56	J P MORGAN EXCHANGE TRADED F	46641Q647	9,219	$465,535	0.17%
57	AIM ETF PRODUCTS TRUST	00888H794	13,664	$463,752	0.17%
58	CALAMOS ETF TR	12811T605	15,962	$456,912	0.16%
59	ISHARES SILVER TR	SLV	7,002	$451,069	0.16%
60	CALAMOS ETF TR	12811T886	16,552	$447,306	0.16%
61	SPDR SERIES TRUST	78464A797	7,007	$425,238	0.15%
62	FIFTH THIRD BANCORP	FITBM	8,906	$416,888	0.15%
63	DT MIDSTREAM INC	DTM	3,406	$407,686	0.15%
64	GOLDMAN SACHS ETF TR	NVGLF	2,969	$392,980	0.14%
65	VANGUARD SCOTTSDALE FDS	92206C870	4,564	$382,198	0.14%
66	AON PLC	AON	1,071	$378,096	0.14%
67	JPMORGAN CHASE & CO.	VYLD	1,169	$376,673	0.14%
68	VANGUARD INDEX FDS	922908629	1,274	$369,762	0.13%
69	VANGUARD SCOTTSDALE FDS	92206C813	4,872	$369,540	0.13%
70	INNOVATOR ETFS TRUST	INHD	9,247	$357,576	0.13%
71	BOEING CO	BA-PA	1,645	$357,111	0.13%
72	PGIM ROCK ETF TR	69420N403	11,459	$348,835	0.13%
73	UIPATH INC	PATH	21,241	$348,140	0.13%
74	INNOVATOR ETFS TRUST	INHD	8,503	$346,233	0.12%
75	PGIM ROCK ETF TR	69420N833	11,182	$335,097	0.12%
76	CALAMOS ETF TR	12811T761	13,285	$334,716	0.12%
77	GOLDMAN SACHS ETF TR	NVGLF	4,378	$331,125	0.12%
78	SIMPLIFY EXCHANGE TRADED FUN	82889N772	8,713	$318,881	0.11%
79	COCA COLA CO	KO	4,528	$316,537	0.11%
80	WORLD GOLD TR	GLDW	3,696	$315,528	0.11%
81	VANGUARD INDEX FDS	922908769	940	$315,040	0.11%
82	PGIM ROCK ETF TR	69420N817	10,483	$314,061	0.11%
83	XCEL ENERGY INC	XELLL	4,221	$311,760	0.11%
84	ISHARES TR	46432F834	3,674	$310,995	0.11%
85	SERIES PORTFOLIOS TR	81752T486	11,967	$305,280	0.11%
86	VICTORY PORTFOLIOS II	92647X822	10,177	$300,083	0.11%
87	ALPS ETF TR	00162Q387	5,183	$299,083	0.11%
88	SELECT SECTOR SPDR TR	81369Y605	5,441	$298,017	0.11%
89	AIM ETF PRODUCTS TRUST	00888H208	8,468	$295,195	0.11%
90	MOLSON COORS BEVERAGE CO	TAP-A	6,142	$286,722	0.10%
91	PGIM ROCK ETF TR	69420N874	9,399	$282,111	0.10%
92	MERCANTILE BK CORP	587376104	5,591	$268,950	0.10%
93	SPDR S&P 500 ETF TR	SPY	394	$268,735	0.10%
94	GOLDMAN SACHS ETF TR	NVGLF	3,112	$264,887	0.10%
95	ISHARES TR	464288810	4,030	$250,475	0.09%
96	MORGAN STANLEY ETF TRUST	MS-PQ	5,053	$249,984	0.09%
97	J P MORGAN EXCHANGE TRADED F	46654Q765	4,096	$236,982	0.09%
98	NVIDIA CORPORATION	NVDA	1,234	$230,192	0.08%
99	WINTRUST FINL CORP	97650W108	1,623	$226,868	0.08%
100	VERIZON COMMUNICATIONS INC	VZ	5,462	$222,470	0.08%
101	CALIFORNIA WTR SVC GROUP	130788102	4,835	$209,521	0.08%
102	MCDONALDS CORP	MCD	657	$200,703	0.07%
103	EATON VANCE TAX-MANAGED GLOB	ETN	20,007	$190,669	0.07%
104	EATON VANCE TAX-MANAGED GLOB	ETN	11,017	$101,573	0.04%