BLUE WATER ASSET MANAGEMENT

Filed: 2/5/2026ACC: 0002033384-26-000001

📋 What this filing means

BLUE WATER ASSET MANAGEMENT filed this quarterly 13F‑HR report disclosing 104 equity positions with a total reported market value of $278.05M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

104

Positions

$278.05M

Total AUM (reported)

5.11M

Total Shares

Allocation by class

PGIM ULTRA SH BD$40.94M14.7%

STATE STREET SPD$20.58M7.4%

CORE PLUS BD ETF$20.21M7.3%

CORE INTERMEDIAT$19.60M7.0%

S&P MDCP QUALITY$18.98M6.8%

USAA MSCI USA SM$17.69M6.4%

S&P 500 REVENUE$16.34M5.9%

Portfolio Concentration

Top 3$80.74M29.0%

4–10$99.51M35.8%

11–25$57.23M20.6%

Rest$40.57M14.6%

Top 3 weight

29.0%

Top 10 weight

64.8%

Voting Authority Distribution

Total shares with voting rights: 5.11M

Sole

Full voting authority

5.10M

% of voting shares99.9%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

6.95K

% of voting shares0.1%

Investment Discretion (by position count)

Sole104

Shared0

Other0

Dominant voting typeSole · 99.9% of voting shares

Institutional Holdings104

Rows:

PGIM ETF TR

SOLE

PGIM ULTRA SH BD

Shares825.48K

TypeSH

Market value$40.94M

14.72%

Sole

823.97K

Shared

0.00

None

1.51K

J P MORGAN EXCHANGE TRADED F

SOLE

CORE PLUS BD ETF

Shares426.89K

TypeSH

Market value$20.21M

7.27%

Sole

426.25K

Shared

0.00

None

641.00

VICTORY PORTFOLIOS II

SOLE

CORE INTERMEDIAT

Shares413.81K

TypeSH

Market value$19.60M

7.05%

Sole

413.16K

Shared

0.00

None

649.00

SPDR SERIES TRUST

SOLE

STATE STREET SPD

Shares237.82K

TypeSH

Market value$19.08M

6.86%

Sole

237.22K

Shared

0.00

None

604.00

INVESCO EXCHANGE TRADED FD T

SOLE

S&P MDCP QUALITY

Shares185.33K

TypeSH

Market value$18.98M

6.83%

Sole

184.88K

Shared

0.00

None

441.00

VICTORY PORTFOLIOS II

SOLE

USAA MSCI USA SM

Shares193.79K

TypeSH

Market value$17.69M

6.36%

Sole

193.30K

Shared

0.00

None

485.00

INVESCO EXCH TRADED FD TR II

SOLE

S&P 500 REVENUE

Shares142.68K

TypeSH

Market value$16.34M

5.88%

Sole

142.33K

Shared

0.00

None

344.00

J P MORGAN EXCHANGE TRADED F

SOLE

EQUITY PREMIUM

Shares197.45K

TypeSH

Market value$11.30M

4.06%

Sole

197.36K

Shared

0.00

None

89.00

HARTFORD FDS EXCHANGE TRADED

SOLE

MUN OPORTUNITE

Shares221.59K

TypeSH

Market value$8.67M

3.12%

Sole

221.59K

Shared

0.00

None

0.00

GOLDMAN SACHS ETF TR

SOLE

ACTIVEBETA INT

Shares173.44K

TypeSH

Market value$7.45M

2.68%

Sole

172.50K

Shared

0.00

None

944.00

J P MORGAN EXCHANGE TRADED F

SOLE

ULTRA SHRT ETF

Shares141.99K

TypeSH

Market value$7.18M

2.58%

Sole

141.09K

Shared

0.00

None

894.00

INVESCO EXCH TRADED FD TR II

SOLE

VAR RATE PFD

Shares279.09K

TypeSH

Market value$6.79M

2.44%

Sole

278.98K

Shared

0.00

None

114.00

INNOVATOR ETFS TRUST

SOLE

US EQTY PWR BUF

Shares129.97K

TypeSH

Market value$6.11M

2.20%

Sole

129.97K

Shared

0.00

None

0.00

BERKSHIRE HATHAWAY INC DEL

SOLE

CL A

Shares8.00

TypeSH

Market value$6.04M

2.17%

Sole

8.00

Shared

0.00

None

0.00

ETFIS SER TR I

SOLE

VIRTUS REAVES UT

Shares71.20K

TypeSH

Market value$5.62M

2.02%

Sole

71.13K

Shared

0.00

None

73.00

PGIM ROCK ETF TR

SOLE

S&P 500 BUFFER

Shares165.09K

TypeSH

Market value$5.10M

1.83%

Sole

165.09K

Shared

0.00

None

0.00

JACKSON FINANCIAL INC

SOLE

COM CL A

Shares37.42K

TypeSH

Market value$3.99M

1.44%

Sole

37.42K

Shared

0.00

None

0.00

PGIM ROCK ETF TR

SOLE

S&P 500 BUFFER

Shares128.78K

TypeSH

Market value$3.78M

1.36%

Sole

128.78K

Shared

0.00

None

0.00

INNOVATOR ETFS TRUST

SOLE

US EQTY PWR BUF

Shares48.51K

TypeSH

Market value$2.25M

0.81%

Sole

48.51K

Shared

0.00

None

0.00

MICROSOFT CORP

SOLE

COM

Shares4.62K

TypeSH

Market value$2.24M

0.80%

Sole

4.62K

Shared

0.00

None

0.00

PGIM ROCK ETF TR

SOLE

S&P 500 BUFFER

Shares70.34K

TypeSH

Market value$2.07M

0.75%

Sole

70.34K

Shared

0.00

None

0.00

AIM ETF PRODUCTS TRUST

SOLE

ALLIANZIM US EQU

Shares43.60K

TypeSH

Market value$1.61M

0.58%

Sole

43.60K

Shared

0.00

None

0.00

APPLE INC

SOLE

COM

Shares5.69K

TypeSH

Market value$1.55M

0.56%

Sole

5.69K

Shared

0.00

None

0.00

VANGUARD WHITEHALL FDS

SOLE

HIGH DIV YLD

Shares10.40K

TypeSH

Market value$1.49M

0.54%

Sole

10.40K

Shared

0.00

None

0.00

CMS ENERGY CORP

SOLE

COM

Shares20.04K

TypeSH

Market value$1.40M

0.50%

Sole

20.04K

Shared

0.00

None

0.00

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole	None
PGIM ETF TRSOLE	PGIM ULTRA SH BD	825.48K	SH	$40.94M 14.72%	823.97K	1.51K
J P MORGAN EXCHANGE TRADED FSOLE	CORE PLUS BD ETF	426.89K	SH	$20.21M 7.27%	426.25K	641.00
VICTORY PORTFOLIOS IISOLE	CORE INTERMEDIAT	413.81K	SH	$19.60M 7.05%	413.16K	649.00
SPDR SERIES TRUSTSOLE	STATE STREET SPD	237.82K	SH	$19.08M 6.86%	237.22K	604.00
INVESCO EXCHANGE TRADED FD TSOLE	S&P MDCP QUALITY	185.33K	SH	$18.98M 6.83%	184.88K	441.00
VICTORY PORTFOLIOS IISOLE	USAA MSCI USA SM	193.79K	SH	$17.69M 6.36%	193.30K	485.00
INVESCO EXCH TRADED FD TR IISOLE	S&P 500 REVENUE	142.68K	SH	$16.34M 5.88%	142.33K	344.00
J P MORGAN EXCHANGE TRADED FSOLE	EQUITY PREMIUM	197.45K	SH	$11.30M 4.06%	197.36K	89.00
HARTFORD FDS EXCHANGE TRADEDSOLE	MUN OPORTUNITE	221.59K	SH	$8.67M 3.12%	221.59K	0.00
GOLDMAN SACHS ETF TRSOLE	ACTIVEBETA INT	173.44K	SH	$7.45M 2.68%	172.50K	944.00
J P MORGAN EXCHANGE TRADED FSOLE	ULTRA SHRT ETF	141.99K	SH	$7.18M 2.58%	141.09K	894.00
INVESCO EXCH TRADED FD TR IISOLE	VAR RATE PFD	279.09K	SH	$6.79M 2.44%	278.98K	114.00
INNOVATOR ETFS TRUSTSOLE	US EQTY PWR BUF	129.97K	SH	$6.11M 2.20%	129.97K	0.00
BERKSHIRE HATHAWAY INC DELSOLE	CL A	8.00	SH	$6.04M 2.17%	8.00	0.00
ETFIS SER TR ISOLE	VIRTUS REAVES UT	71.20K	SH	$5.62M 2.02%	71.13K	73.00
PGIM ROCK ETF TRSOLE	S&P 500 BUFFER	165.09K	SH	$5.10M 1.83%	165.09K	0.00
JACKSON FINANCIAL INCSOLE	COM CL A	37.42K	SH	$3.99M 1.44%	37.42K	0.00
PGIM ROCK ETF TRSOLE	S&P 500 BUFFER	128.78K	SH	$3.78M 1.36%	128.78K	0.00
INNOVATOR ETFS TRUSTSOLE	US EQTY PWR BUF	48.51K	SH	$2.25M 0.81%	48.51K	0.00
MICROSOFT CORPSOLE	COM	4.62K	SH	$2.24M 0.80%	4.62K	0.00
PGIM ROCK ETF TRSOLE	S&P 500 BUFFER	70.34K	SH	$2.07M 0.75%	70.34K	0.00
AIM ETF PRODUCTS TRUSTSOLE	ALLIANZIM US EQU	43.60K	SH	$1.61M 0.58%	43.60K	0.00
APPLE INCSOLE	COM	5.69K	SH	$1.55M 0.56%	5.69K	0.00
VANGUARD WHITEHALL FDSSOLE	HIGH DIV YLD	10.40K	SH	$1.49M 0.54%	10.40K	0.00
CMS ENERGY CORPSOLE	COM	20.04K	SH	$1.40M 0.50%	20.04K	0.00

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