Brightwater Advisory LLC

RIA/Wealth

Brightwater Advisory LLC is a RIA/Wealth based in Tampa, FL led by David Carlen Maddux, reporting $276.6M in AUM as of Q3 2025 with 86% ETF concentration and 52% concentrated in top 10 holdings.

CEODavid Carlen Maddux

Portfolio Value: $145.6M
Positions: 59
Top Holding: SCHF at 8.67%
Last Reported: Q3 2025

Address4613 W. North A St., Tampa, FL, 33609, United States

Top Holdings

Largest long holdings in Brightwater Advisory LLC's portfolio (52.1% of total portfolio)

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GthenH

Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 Schwab International Equity SCHF	ETF ETF	$12.6M	8.67%	+$124.8K Bought	— 542.1K shares	Q4 2023 Held for 1y 11m
2 Schwab U.S. TIPS SCHP	ETF ETF	$9.5M	6.56%	-$315.3K Sold	— 354.3K shares	Q4 2023 Held for 1y 11m
3 SPDR S&P 500 ETF Trust SPY	ETF ETF	$8.6M	5.93%	-$244.5K Sold	— 13.0K shares	Q4 2023 Held for 1y 11m
4 Schwab U.S. Broad Market SCHB	ETF ETF	$8.4M	5.78%	-$386.0K Sold	— 327.2K shares	Q4 2023 Held for 1y 11m
5 Schwab Fundamental U.S. Broad Market FNDB	ETF ETF	$7.3M	5.02%	-$159.4K Sold	— 284.2K shares	Q1 2024 Held for 1y 8m
6 Vanguard Small-Cap ETF VB	ETF ETF	$6.3M	4.32%	-$111.1K Sold	— 24.8K shares	Q4 2023 Held for 1y 11m
7 Vanguard Dividend Appreciation VIG	Unknown Unknown	$6.3M	4.30%	-$205.0K Sold	— 29.0K shares	Q4 2023 Held for 1y 11m
8 iShares Russell 1000 Value IWD	ETF ETF	$5.8M	3.95%	-$142.1K Sold	— 28.2K shares	Q4 2023 Held for 1y 11m
9 iShares TIPS Bond TIP	ETF ETF	$5.7M	3.93%	-$57.5K Sold	— 51.5K shares	Q4 2023 Held for 1y 11m
10 Schwab Emerging Markets Equity SCHE	ETF ETF	$5.3M	3.67%	-$32.4K Sold	— 160.1K shares	Q4 2023 Held for 1y 11m

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GthenH

Changes

Portfolio activity, position movements, and quarter-over-quarter changes in Brightwater Advisory LLC's latest filing

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GthenC

Market Value

$145.6M

Prior: $140.0M

Q/Q Change

+3.99%

+$5.6M

Net Flows % of MV

-2.29%

Turnover Ratio

1.95%

New Purchases

0 stocks

Added To

16 stocks

+$1.2M

Sold Out Of

5 stocks

$1.7M

Reduced Holdings

31 stocks

-$2.9M

Increased Positions

Position	Shares Δ	Change
1 Amazon AMZN	+42.53%	2.1K → 3.0K +$197.6K
2 Alphabet Inc. GOOGL	+14.79%	2.1K → 2.4K +$74.6K
3 Apple AAPL	+6.53%	9.3K → 10.0K +$155.3K
4 CGV Conductor Global Equity Value CGV	+4.8%	215.3K → 225.6K +$151.5K
5 Blueprint Chesapeake Multi-Asset Trend TFPN	+4.37%	192.7K → 201.1K +$209.0K

Decreased Positions

Position	Shares Δ	Change
1 iShares Preferred and Income Securities ETF PFF	Sold	17.7K → 0 −$543.9K
2 Invesco Preferred PGX	Sold	47.7K → 0 −$530.9K
3 Brown & Brown BRO	Sold	2.7K → 0 −$331.2K
4 Cushman & Wakefield CWK	Sold	12.5K → 0 −$138.4K
5 iShares National Muni Bond MUB	Sold	1.0K → 0 −$107.9K