Breakwater Investment Management quarter change: USA ETF, Sold out
In exchange-traded fund shares (known by the fund name on the filing) (listed in the US), from the quarter ended 2026-03-31 to 2026-06-30, Breakwater Investment Management opened 39 positions, added to 15, reduced 58, sold out of 37 and left 93 unchanged. The largest increase in value was SPTM (+$10,404,625); the largest decrease was SPTM (-$7,333,211).
- SPTM: Country of operation —; Class STATE STREET SPD; Shares 2026-03-31 92,755; Shares 2026-06-30 0.
- SPDW: Country of operation —; Class STATE STREET SPD; Shares 2026-03-31 59,550; Shares 2026-06-30 0.
- SPAB: Country of operation —; Class STATE STREET SPD; Shares 2026-03-31 96,049; Shares 2026-06-30 0.
- GII: Country of operation —; Class STATE STREET SPD; Shares 2026-03-31 30,607; Shares 2026-06-30 0.
Two Form 13F-HR filings compared (SEC CIK 2025925): 2026-03-31 (filed 2026-05-15) and 2026-06-30 (filed 2026-08-06). Rows for the same security, class and put/call are added together. Value change is the filed value at each quarter end, so it includes the price move; share change is the position change.
| Stock | Country of operation | Class | Shares 2026-03-31 | Shares 2026-06-30 | Share change | Value 2026-03-31 | Value 2026-06-30 | Value change |
|---|
SPTM
SPDR SERIES TRUST | | STATE STREET SPD | 92,755 | 0 | -92,755 | $7,333,211 | $0 | -$7,333,211 |
|---|
SPDW
SPDR INDEX SHS FDS | | STATE STREET SPD | 59,550 | 0 | -59,550 | $2,718,458 | $0 | -$2,718,458 |
|---|
SPAB
SPDR SERIES TRUST | | STATE STREET SPD | 96,049 | 0 | -96,049 | $2,460,776 | $0 | -$2,460,776 |
|---|
GII
SPDR INDEX SHS FDS | | STATE STREET SPD | 30,607 | 0 | -30,607 | $2,326,745 | $0 | -$2,326,745 |
|---|
EMHC
SPDR SERIES TRUST | | STATE STREET SPD | 71,769 | 0 | -71,769 | $1,779,872 | $0 | -$1,779,872 |
|---|
BBEU
J P MORGAN EXCHANGE TRADED F | | BETABUILDERS EUR | 17,718 | 0 | -17,718 | $1,282,961 | $0 | -$1,282,961 |
|---|
EBND
SPDR SERIES TRUST | | BLOOMBERG EMERGI | 46,972 | 0 | -46,972 | $969,503 | $0 | -$969,503 |
|---|
SPTS
SPDR SERIES TRUST | | STATE STREET SPD | 30,007 | 0 | -30,007 | $875,605 | $0 | -$875,605 |
|---|
SPSB
SPDR SERIES TRUST | | STATE STREET SPD | 15,857 | 0 | -15,857 | $476,820 | $0 | -$476,820 |
|---|
SPEM
SPDR INDEX SHS FDS | | STATE STREET SPD | 9,199 | 0 | -9,199 | $431,526 | $0 | -$431,526 |
|---|
SPBO
SPDR SERIES TRUST | | STATE STREET SPD | 13,966 | 0 | -13,966 | $405,433 | $0 | -$405,433 |
|---|
SPYM
SPDR SERIES TRUST | United States | STATE STREET SPD | 2,887 | 0 | -2,887 | $220,971 | $0 | -$220,971 |
|---|
HYBL
SSGA ACTIVE TR | | STATE STREET BLA | 7,790 | 0 | -7,790 | $216,874 | $0 | -$216,874 |
|---|
RLY
SSGA ACTIVE ETF TR | | STATE STREET MUL | 5,268 | 0 | -5,268 | $190,439 | $0 | -$190,439 |
|---|
XHB
SPDR SERIES TRUST | | STATE STREET SPD | 1,720 | 0 | -1,720 | $169,799 | $0 | -$169,799 |
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SPTB
SPDR SERIES TRUST | | STATE STREET SPD | 3,183 | 0 | -3,183 | $96,334 | $0 | -$96,334 |
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SCYB
SCHWAB STRATEGIC TR | | HIGH YIELD BD ET | 3,503 | 0 | -3,503 | $91,078 | $0 | -$91,078 |
|---|
FNDE
SCHWAB STRATEGIC TR | | FUNDAMENTAL EMER | 2,236 | 0 | -2,236 | $85,550 | $0 | -$85,550 |
|---|
ARTY
ISHARES TR | | FUTURE AI & TECH | 1,591 | 0 | -1,591 | $74,030 | $0 | -$74,030 |
|---|
BWX
SPDR SERIES TRUST | | BLOOMBERG INTL T | 3,372 | 0 | -3,372 | $74,016 | $0 | -$74,016 |
|---|
XLV
SELECT SECTOR SPDR TR | | STATE STREET HEA | 369 | 0 | -369 | $54,100 | $0 | -$54,100 |
|---|
TFI
SPDR SERIES TRUST | | STATE STREET SPD | 1,069 | 0 | -1,069 | $48,469 | $0 | -$48,469 |
|---|
RWX
SPDR INDEX SHS FDS | | STATE STREET SPD | 429 | 0 | -429 | $11,420 | $0 | -$11,420 |
|---|
SPTI
SPDR SERIES TRUST | | STATE STREET SPD | 335 | 0 | -335 | $9,602 | $0 | -$9,602 |
|---|
BBCA
J P MORGAN EXCHANGE TRADED F | | BETABUILDERS CDA | 102 | 0 | -102 | $9,595 | $0 | -$9,595 |
|---|
SPYG
SPDR SERIES TRUST | | STATE STREET SPD | 88 | 0 | -88 | $8,617 | $0 | -$8,617 |
|---|
DWX
SPDR INDEX SHS FDS | | STATE STREET SPD | 170 | 0 | -170 | $7,753 | $0 | -$7,753 |
|---|
IBND
SPDR SERIES TRUST | | BLOOMBERG INTL | 248 | 0 | -248 | $7,708 | $0 | -$7,708 |
|---|
BBAX
J P MORGAN EXCHANGE TRADED F | | BETABUILDERS DEV | 92 | 0 | -92 | $5,470 | $0 | -$5,470 |
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SPMD
SPDR SERIES TRUST | | STATE STREET SPD | 90 | 0 | -90 | $5,330 | $0 | -$5,330 |
|---|
GWX
SPDR INDEX SHS FDS | | STATE STREET SPD | 122 | 0 | -122 | $5,153 | $0 | -$5,153 |
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SPSM
SPDR SERIES TRUST | | STATE STREET SPD | 85 | 0 | -85 | $4,108 | $0 | -$4,108 |
|---|
XLRE
SELECT SECTOR SPDR TR | | STATE STREET REA | 82 | 0 | -82 | $3,349 | $0 | -$3,349 |
|---|
SUSL
ISHARES TR | | ESG MSCI LEADR | 29 | 0 | -29 | $3,295 | $0 | -$3,295 |
|---|
SPYV
SPDR SERIES TRUST | | STATE STREET SPD | 26 | 0 | -26 | $1,472 | $0 | -$1,472 |
|---|
XLU
SELECT SECTOR SPDR TR | | STATE STREET UTI | 16 | 0 | -16 | $735 | $0 | -$735 |
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WIP
SPDR SERIES TRUST | | FTSE INT GVT ETF | 5 | 0 | -5 | $198 | $0 | -$198 |
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