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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 30  ·  600 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
61 PIT VANECK ETF TRUST 11,281.0 $745K 0.25% -939.0 -7.7% $66.01 +21.8%
62 VTC VANGUARD SCOTTSDALE FDS 9,525.0 $732K 0.25% -3K -25.5% $76.80 -2.6%
63 MUB ISHARES TR 6,026.0 $649K 0.22% -2K -27.2% $107.62 -3.4%
64 GOVT ISHARES TR 25,932.0 $591K 0.20% +26K +6724.2% $22.78 -1.9%
65 VIOO VANGUARD ADMIRAL FDS INC 4,179.0 $575K 0.20% +4K +5398.7% $137.54 -2.3%
66 VGT VANGUARD WORLD FD 4,776.0 $571K 0.19% +4K +700.0% $119.52 +1.1%
67 SCHC SCHWAB STRATEGIC TR 11,618.0 $559K 0.19% +11K +1524.9% $48.12 +7.0%
68 IVV ISHARES TR 738.0 $552K 0.19% +289.0 +64.4% $748.63 +3.8%
69 AAXJ ISHARES TR 4,547.0 $543K 0.18% -214.0 -4.5% $119.33 -1.8%
70 JIVE J P MORGAN EXCHANGE TRADED F 5,589.0 $514K 0.17% +196.0 +3.6% $91.95 +8.6%
71 BSV VANGUARD BD INDEX FDS 6,579.0 $513K 0.17% -85.0 -1.3% $77.91 -0.9%
72 TFI SPDR SERIES TRUST 10,613.0 $486K 0.17% +10K +892.8% $45.80 -3.5%
73 SPSB SPDR SERIES TRUST 15,857.0 $476K 0.16% $30.01 -0.7%
74 BIV VANGUARD BD INDEX FDS 6,151.0 $472K 0.16% -350.0 -5.4% $76.70 -2.3%
75 AAPL APPLE INC Technology 1,627.0 $471K 0.16% +43.0 +2.7% $289.36 +13.4%
76 IWM ISHARES TR 1,504.0 $452K 0.15% $300.45 -1.8%
77 GOOG ALPHABET INC 1,237.0 $437K 0.15% $353.33
78 STPZ PIMCO ETF TR 8,126.0 $433K 0.15% -93.0 -1.1% $53.34 -1.4%
79 SPBO SPDR SERIES TRUST 13,089.0 $380K 0.13% +757.0 +6.1% $29.04 -2.7%
80 EMB ISHARES TR 3,147.0 $303K 0.10% -35.0 -1.1% $96.44 -2.1%
Page 4 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%