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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 6 of 6  ·  110 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
101 VLO VALERO ENERGY CORP Energy 3.0 $782.0 -3.0 -50.0% $260.67 +42.2%
102 BSX BOSTON SCIENTIFIC CORP Healthcare 18.0 $769.0 -6.0 -25.0% $42.72 +9.9%
103 VZ VERIZON COMMUNICATIONS INC Communication Services 16.0 $678.0 -36.0 -69.2% $42.38 +19.4%
104 TRV TRAVELERS COMPANIES INC Financial Services 2.0 $661.0 -7.0 -77.8% $330.50 +13.3%
105 PGR PROGRESSIVE CORP Financial Services 3.0 $656.0 -5.0 -62.5% $218.67 +2.4%
106 STZ CONSTELLATION BRANDS INC Consumer Defensive 4.0 $557.0 -15.0 -79.0% $139.25 -7.3%
107 WCN WASTE CONNECTIONS INC Industrials 3.0 $501.0 -9.0 -75.0% $167.00 -0.1%
108 AJG GALLAGHER ARTHUR J & CO Financial Services 2.0 $460.0 -6.0 -75.0% $230.00 +15.9%
109 CTSH COGNIZANT TECHNOLOGY SOLUTIO Technology 10.0 $388.0 -3.0 -23.1% $38.80 +66.6%
110 HBAN HUNTINGTON BANCSHARES INC Financial Services 1.0 $18.0 -32.0 -97.0% $18.00 -5.2%
Page 6 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%