Instuitional Investor - Breakwater Investment Management

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Vanguard Index Fds		120,315	$34,868,491	14.82%
2.	Schwab Strategic Trust	FNDF	945,384	$21,460,217	9.12%
3.	Vanguard Star Fds		235,531	$13,879,846	5.9%
4.	Vanguard Bond Index Funds	BND	177,767	$12,783,225	5.43%
5.	Microsoft Corp	MSFT	27,541	$11,608,532	4.93%