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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 16 of 30  ·  600 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
301 EWS ISHARES INC 73.0 $2K 0.00% $29.62 +16.7%
302 HMC HONDA MOTOR CO LTD Consumer Cyclical 79.0 $2K 0.00% NEW $27.11 +20.5%
303 CMI CUMMINS INC Industrials 3.0 $2K 0.00% +1.0 +50.0% $713.33 -21.4%
304 ETN EATON CORP PLC Industrials 5.0 $2K 0.00% +1.0 +25.0% $426.20 -3.6%
305 APH AMPHENOL CORP Technology 12.0 $2K 0.00% +7.0 +140.0% $176.33 -53.1%
306 EQIX EQUINIX INC Real Estate 2.0 $2K 0.00% NEW $1042.50 -0.6%
307 TE T1 ENERGY INC Industrials 217.0 $2K 0.00% $9.48 -51.5%
308 MRK MERCK & CO INC Healthcare 16.0 $2K 0.00% -93.0 -85.3% $128.50 +17.0%
309 DOCN DIGITALOCEAN HLDGS INC Technology 13.0 $2K 0.00% $157.08 -28.4%
310 GS GOLDMAN SACHS GROUP INC Financial Services 2.0 $2K 0.00% +1.0 +100.0% $1011.50 +2.7%
311 WM WASTE MGMT INC DEL Industrials 9.0 $2K 0.00% NEW $222.89 -1.7%
312 HSBC HSBC HLDGS PLC Financial Services 21.0 $2K 0.00% NEW $95.10 +12.6%
313 FIX COMFORT SYS USA INC Industrials 1.0 $2K 0.00% $1982.00 -18.8%
314 CIGI COLLIERS INTL GROUP INC Real Estate 21.0 $2K 0.00% NEW $93.81 +5.6%
315 TER TERADYNE INC Technology 4.0 $2K 0.00% $484.00 -26.2%
316 ONTO ONTO INNOVATION INC Technology 5.0 $2K 0.00% $378.60 -29.2%
317 NTR NUTRIEN LTD Basic Materials 30.0 $2K 0.00% NEW $62.97 +26.2%
318 VET VERMILION ENERGY INC Energy 194.0 $2K 0.00% NEW $9.37 +37.0%
319 AMGN AMGEN INC Healthcare 5.0 $2K 0.00% +3.0 +150.0% $362.20 +20.7%
320 COF CAPITAL ONE FINL CORP Financial Services 9.0 $2K 0.00% +7.0 +350.0% $200.67 +9.4%
Page 16 of 30  ·  600 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%