Institutional Manager · CIK 0002034566

Brightwater Advisory LLC

TAMPA, FL · File #028-24365

Latest AUM

$148.0M

Positions

Top-10 Concentration

53.1%

Filings

Portfolio Value Over Time

2024-09

2024-12

2025-03

2025-06

2025-09

2025-12

Biggest QoQ Changes

Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.

Action	Issuer	Ticker / CUSIP	Δ Shares	Flow ($)	Price Effect
REDUCE	AFLAC INC	AFL	-6,600	-$727,782	-$38,312
NEW	BERKSHIRE HATHAWAY INC DEL	BRK-A	+802	+$403,125	$0
ADD	SCHWAB STRATEGIC TR	808524870	+11,809	+$312,820	-$162,989
REDUCE	APPLE INC	AAPL	-987	-$268,326	+$171,238
EXITED	VANGUARD BD INDEX FDS	921937819	-2,988	-$233,355	$0
NEW	VISA INC	V	+573	+$200,957	$0
ADD	VANGUARD SCOTTSDALE FDS	92206C714	+1,650	+$152,295	+$50,209
ADD	SCHWAB STRATEGIC TR	808524755	+2,611	+$118,043	+$171,818
REDUCE	SCHWAB STRATEGIC TR	808524789	-4,106	-$109,096	+$235,875
ADD	ISHARES TR	464287507	+1,569	+$103,554	+$30,003

Sector Allocation

Financials

4.8%$7.1M

Technology

3.4%$5.1M

Consumer Discretionary

0.8%$1.2M

0.5%$756,609

0.5%$678,718

0.2%$357,729

0.2%$350,627

0.2%$299,580

Filing History

Feb 12, 202613F HOLDINGS REPORTQ/E Dec 202559 pos · $148.0M
Nov 7, 202513F HOLDINGS REPORTQ/E Sep 202559 pos · $145.6M
Aug 12, 202513F HOLDINGS REPORT (Amended)Q/E Jun 202561 pos · $139.1M
Jul 25, 202513F HOLDINGS REPORTQ/E Jun 202561 pos · $126.5M
May 12, 202513F HOLDINGS REPORT (Amended)Q/E Mar 202561 pos · $126.4M
May 12, 202513F HOLDINGS REPORTQ/E Mar 202561 pos · $126.4M
Feb 5, 202513F HOLDINGS REPORTQ/E Dec 202458 pos · $127.6M
Dec 3, 202413F HOLDINGS REPORTQ/E Dec 202454 pos · $118.4M
Oct 8, 202413F HOLDINGS REPORTQ/E Sep 202461 pos · $135.9M
Oct 3, 202413F HOLDINGS REPORTQ/E Sep 202457 pos · $124.5M
Sep 10, 202413F HOLDINGS REPORTQ/E Sep 202463 pos · $129.5M

Top 20 Holdings — Dec 2025

#	Issuer	Ticker	Shares	Value	% of Portfolio
1	SCHWAB STRATEGIC TR	808524805	546,043	$13.1M	9.04%
2	SCHWAB STRATEGIC TR	808524870	366,094	$9.7M	6.68%
3	SPDR S&P 500 ETF TR	SPY	12,842	$8.8M	6.03%
4	SCHWAB STRATEGIC TR	808524102	326,449	$8.6M	5.90%
5	SCHWAB STRATEGIC TR	808524789	280,115	$7.4M	5.12%
6	VANGUARD INDEX FDS	922908751	24,719	$6.4M	4.39%
7	VANGUARD SPECIALIZED FUNDS	921908844	28,983	$6.4M	4.39%
8	ISHARES TR	464287598	28,246	$5.9M	4.09%
9	ISHARES TR	464287176	51,505	$5.7M	3.90%
10	SCHWAB STRATEGIC TR	808524706	160,459	$5.3M	3.62%
11	TIDAL TRUST II	88636J873	204,553	$5.3M	3.62%
12	ISHARES TR	464287606	46,138	$4.5M	3.08%
13	ISHARES TR	464287705	32,989	$4.3M	2.99%
14	SCHWAB STRATEGIC TR	808524763	136,881	$4.3M	2.97%
15	ISHARES TR	464287614	7,958	$3.8M	2.59%
16	SCHWAB STRATEGIC TR	808524755	78,974	$3.6M	2.46%
17	TWO RDS SHARED TR	90214Q584	232,121	$3.4M	2.35%
18	ISHARES TR	464288240	48,593	$3.3M	2.25%
19	VANGUARD INTL EQUITY INDEX F	922042858	57,740	$3.1M	2.14%
20	INVESCO EXCHANGE TRADED FD T	IVZ	16,149	$3.1M	2.13%