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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 3 of 9  ·  173 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
41 TM TOYOTA MOTOR CORP Consumer Cyclical 7.0 $1K NEW $168.43 +18.7%
42 SHOP SHOPIFY INC Technology 10.0 $1K NEW $114.20 +27.7%
43 FLEX FLEX LTD Technology 7.0 $1K NEW $162.14 -33.5%
44 CI THE CIGNA GROUP Healthcare 4.0 $1K NEW $275.75 +3.8%
45 MFG MIZUHO FINANCIAL GROUP INC Financial Services 115.0 $1K NEW $9.58 +18.1%
46 FORTINET INC 7.0 $1K NEW $153.71
47 HEI HEICO CORP NEW Industrials 3.0 $1K NEW $356.33 -8.6%
48 SABR SABRE CORP Consumer Cyclical 511.0 $1K NEW $2.09 -1.4%
49 NVO NOVO-NORDISK A S Healthcare 22.0 $1K NEW $47.95 -0.9%
50 DDOG DATADOG INC Technology 4.0 $1K NEW $260.50 -17.6%
51 IHG INTERCONTINENTAL HOTELS GROU Consumer Cyclical 6.0 $1K NEW $173.17 -7.2%
52 SFM SPROUTS FMRS MKT INC Consumer Defensive 12.0 $1K NEW $84.58 -6.4%
53 DUK DUKE ENERGY CORP NEW Utilities 8.0 $1K NEW $126.62 -4.1%
54 PARR PAR PAC HOLDINGS INC Energy 18.0 $1K NEW $56.11 +46.1%
55 LYG LLOYDS BANKING GROUP PLC Financial Services 167.0 $974.0 NEW $5.83 +4.6%
56 BLK BLACKROCK INC Financial Services 1.0 $962.0 NEW $962.00 +17.1%
57 LIBERTY MEDIA CORP DEL 10.0 $952.0 NEW $95.20
58 GSK GSK PLC Healthcare 18.0 $944.0 NEW $52.44 -3.0%
59 KNX KNIGHT-SWIFT TRANSN HLDGS IN Industrials 12.0 $935.0 NEW $77.92 -10.7%
60 ARGX ARGENX SE Healthcare 1.0 $928.0 NEW $928.00 +13.5%
Page 3 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%