Instuitional Investor - Breakwater Investment Management

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Vanguard Index Fds		112,814	$41,745,701	14.21%
2.	Schwab Strategic Trust	SCHD	856,304	$24,798,559	8.44%
3.	Vanguard Star Fds		224,508	$19,193,184	6.53%
4.	Spdr Series Trust	KRE	114,601	$10,404,625	3.54%
5.	Microsoft Corp	MSFT	24,486	$9,133,768	3.11%