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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 6  ·  110 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
61 REET ISHARES TR 4,186.0 $116K 0.04% -693.0 -14.2% $27.62 -0.3%
62 CSCO CISCO SYS INC Technology 890.0 $105K 0.04% -604.0 -40.4% $117.46 -7.5%
63 IXJ ISHARES TR 1,036.0 $102K 0.04% -442.0 -29.9% $98.38 +7.8%
64 IAU ISHARES GOLD TR Financial Services 1,339.0 $101K 0.03% -141.0 -9.5% $75.51 +11.4%
65 VANGUARD CALIF TAX FREE FDS 851.0 $86K 0.03% -66.0 -7.2% $100.60
66 MA MASTERCARD INCORPORATED Financial Services 163.0 $84K 0.03% -15.0 -8.4% $513.60 +14.0%
67 TJX TJX COS INC NEW Consumer Cyclical 514.0 $78K 0.03% -10.0 -1.9% $151.50 -12.7%
68 LOW LOWES COS INC Consumer Cyclical 343.0 $76K 0.03% -12.0 -3.4% $220.49 -8.4%
69 SCHR SCHWAB STRATEGIC TR 3,032.0 $75K 0.03% -894.0 -22.8% $24.66 -1.7%
70 COST COSTCO WHOLESALE CORPORATION Consumer Defensive 68.0 $64K 0.02% -15.0 -18.1% $935.47 -1.1%
71 ICE INTERCONTINENTAL EXCHANGE IN Financial Services 480.0 $59K 0.02% -3.0 -0.6% $123.11 +33.7%
72 PG PROCTER & GAMBLE CO Consumer Defensive 370.0 $54K 0.02% -2.0 -0.5% $146.64 +0.2%
73 VBK VANGUARD INDEX FDS 143.0 $52K 0.02% -33.0 -18.8% $365.15 -4.3%
74 DHR DANAHER CORP DEL Healthcare 273.0 $52K 0.02% -70.0 -20.4% $190.48 +10.7%
75 BWX SPDR SERIES TRUST 2,318.0 $50K 0.02% -2K -45.4% $21.68 +1.2%
76 SHY ISHARES TR 553.0 $45K 0.01% -229.0 -29.3% $82.11 -0.5%
77 LMT LOCKHEED MARTIN CORP Industrials 85.0 $43K 0.01% -16.0 -15.8% $509.47 +4.6%
78 JNJ JOHNSON & JOHNSON Healthcare 169.0 $43K 0.01% -52.0 -23.5% $253.97 +9.6%
79 IJH ISHARES TR 460.0 $35K 0.01% -435.0 -48.6% $77.12 -1.8%
80 CAT CATERPILLAR INC Industrials 24.0 $26K 0.01% -8.0 -25.0% $1064.92 -24.9%
Page 4 of 6  ·  110 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%