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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 4 of 9  ·  173 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
61 FSBC FIVE STAR BANCORP Financial Services 19.0 $926.0 NEW $48.74 -4.8%
62 KNF KNIFE RIVER CORP Basic Materials 11.0 $921.0 NEW $83.73 -25.8%
63 SYY SYSCO CORP Consumer Defensive 11.0 $920.0 NEW $83.64 -3.1%
64 NMR NOMURA HLDGS INC Financial Services 104.0 $914.0 NEW $8.79 +20.8%
65 BUD ANHEUSER BUSCH INBEV SA NV Consumer Defensive 11.0 $907.0 NEW $82.45 -2.7%
66 CCEP COCA-COLA EUROPACIFIC PARTNE Consumer Defensive 9.0 $901.0 NEW $100.11 +9.0%
67 DEO DIAGEO PLC Consumer Defensive 11.0 $885.0 NEW $80.45 +12.7%
68 JBHT HUNT J B TRANS SVCS INC Industrials 3.0 $869.0 NEW $289.67 -8.1%
69 DELL DELL TECHNOLOGIES INC Technology 2.0 $863.0 NEW $431.50 +19.4%
70 ENERFLEX LTD 35.0 $858.0 NEW $24.51
71 NOV NOV INC Energy 46.0 $854.0 NEW $18.57 +15.8%
72 WWD WOODWARD INC Industrials 2.0 $851.0 NEW $425.50 -19.5%
73 CVLT COMMVAULT SYS INC Technology 6.0 $851.0 NEW $141.83 -3.3%
74 SONY SONY GROUP CORP Technology 42.0 $843.0 NEW $20.07 +24.4%
75 SM SM ENERGY COMPANY Energy 32.0 $836.0 NEW $26.12 +43.9%
76 RBCAA REPUBLIC BANCORP INC KY Financial Services 9.0 $814.0 NEW $90.44 +5.6%
77 HWM HOWMET AEROSPACE INC Industrials 3.0 $807.0 NEW $269.00 -3.2%
78 NATWEST GROUP PLC 45.0 $794.0 NEW $17.64
79 CURB CURBLINE PPTYS CORP Real Estate 26.0 $791.0 NEW $30.42 -3.3%
80 PFGC PERFORMANCE FOOD GROUP CO Consumer Defensive 7.0 $783.0 NEW $111.86 -11.4%
Page 4 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%