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Portfolio (Quarterly) Guide ↗

Breakwater Investment Management

· CIK 0002025925
13F Portfolio $294M AUM 600 positions Filed Aug 6, 2026 EDGAR ↗ ← All Funds
Q2 2026 Q4 2025 · All 173 New 104 Added 110 Reduced 70 Exited
Page 2 of 9  ·  173 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
21 WM WASTE MGMT INC DEL Industrials 9.0 $2K 0.00% NEW $222.89 -0.5%
22 HSBC HSBC HLDGS PLC Financial Services 21.0 $2K 0.00% NEW $95.10 +12.0%
23 CIGI COLLIERS INTL GROUP INC Real Estate 21.0 $2K 0.00% NEW $93.81 +7.4%
24 NTR NUTRIEN LTD Basic Materials 30.0 $2K 0.00% NEW $62.97 +28.2%
25 VET VERMILION ENERGY INC Energy 194.0 $2K 0.00% NEW $9.37 +38.9%
26 RGLD ROYAL GOLD INC Basic Materials 9.0 $2K 0.00% NEW $199.67 +32.6%
27 CRWD CROWDSTRIKE HLDGS INC Technology 2.0 $2K 0.00% NEW $190.88 +12.6%
28 BBVA BANCO BILBAO VIZCAYA ARGENTA Financial Services 60.0 $2K 0.00% NEW $25.07 +18.2%
29 MRVL MARVELL TECHNOLOGY INC Technology 5.0 $1K 0.00% NEW $298.00 -29.9%
30 ERIC TELEFONAKTIEBOLAGET LM ERICS Technology 132.0 $1K 0.00% NEW $11.15 -9.2%
31 NOW SERVICENOW INC Technology 14.0 $1K NEW $99.29 +46.6%
32 ADP AUTOMATIC DATA PROCESSING IN Industrials 6.0 $1K NEW $224.00 +26.6%
33 TDG TRANSDIGM GROUP INC Industrials 1.0 $1K NEW $1333.00 -13.1%
34 DLTR DOLLAR TREE INC Consumer Defensive 11.0 $1K NEW $121.00 +8.3%
35 UNILEVER PLC 22.0 $1K NEW $60.14
36 BCS BARCLAYS PLC Financial Services 49.0 $1K NEW $26.88 +0.1%
37 GIS GENERAL MILLS INC Consumer Defensive 36.0 $1K NEW $34.81 +12.8%
38 SMFG SUMITOMO MITSUI FIN GRP INC Financial Services 53.0 $1K NEW $23.58 +16.9%
39 SAP SAP SE Technology 8.0 $1K NEW $154.12 +40.8%
40 MET METLIFE INC Financial Services 14.0 $1K NEW $84.64 +17.2%
Page 2 of 9  ·  173 positions

Period Price is the implied market price on the last day of the reporting period, calculated as reported value ÷ shares held. It is not the fund's purchase price or cost basis — the fund may have initiated or added to the position at any point during the quarter at a different price. Since Period shows the price change from that quarter-end snapshot to today's last price — it reflects stock movement after the report date, not the fund's actual return.

Sector Allocation
Technology 37.5%
Financial Services 30.5%
Consumer Cyclical 18.7%
Communication Services 5.8%
Healthcare 2.6%
Industrials 1.8%
Consumer Defensive 1.4%
Energy 1.0%
Basic Materials 0.4%
Utilities 0.2%