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Portfolio (Quarterly) Guide ↗

Breakwater Investment Management

· CIK 0002025925
13F Portfolio $276M AUM 497 positions Filed Feb 2, 2026 EDGAR ↗ ← All Funds
Q4 2025 Q3 2025 · All 91 New 52 Added 66 Reduced 124 Exited
Page 2 of 3  ·  52 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
21 EMB ISHARES TR 3,182.0 $306K 0.11% +155.0 +5.1% $96.28 -2.1%
22 SPEM SPDR INDEX SHS FDS 5,165.0 $242K 0.09% +282.0 +5.8% $46.81 +7.7%
23 XOM EXXON MOBIL CORP Energy 1,462.0 $176K 0.06% +12.0 +0.8% $120.34 +33.4%
24 AGGY WISDOMTREE TR 3,262.0 $144K 0.05% +201.0 +6.6% $44.05 -2.5%
25 BAC BANK AMERICA CORP Financial Services 2,433.0 $134K 0.05% +48.0 +2.0% $55.00 -7.8%
26 EBND SPDR SERIES TRUST 5,485.0 $117K 0.04% +825.0 +17.7% $21.37 -3.7%
27 BWX SPDR SERIES TRUST 4,247.0 $96K 0.04% +1K +51.3% $22.53 -3.5%
28 VANGUARD CALIF TAX FREE FDS 917.0 $92K 0.03% +66.0 +7.8% $100.26
29 ICE INTERCONTINENTAL EXCHANGE IN Financial Services 483.0 $78K 0.03% +3.0 +0.6% $161.96 -3.7%
30 ACN ACCENTURE PLC IRELAND Technology 236.0 $63K 0.02% +2.0 +0.8% $268.30 -34.1%
31 PG PROCTER AND GAMBLE CO Consumer Defensive 372.0 $53K 0.02% +2.0 +0.5% $143.31 -0.6%
32 JPM JPMORGAN CHASE & CO. Financial Services 136.0 $44K 0.02% +5.0 +3.8% $322.22 -6.7%
33 SCHC SCHWAB STRATEGIC TR 715.0 $33K 0.01% +128.0 +21.8% $45.51 +8.4%
34 MCD MCDONALDS CORP Consumer Cyclical 70.0 $21K 0.01% +2.0 +2.9% $305.64 -7.6%
35 V VISA INC Financial Services 59.0 $21K 0.01% +3.0 +5.4% $350.71 -5.2%
36 CMCSA COMCAST CORP NEW Communication Services 287.0 $9K 0.00% +20.0 +7.5% $29.89 -17.0%
37 DIS DISNEY WALT CO Communication Services 68.0 $8K 0.00% +1.0 +1.5% $113.78 -8.6%
38 CB CHUBB LIMITED Financial Services 14.0 $4K 0.00% +2.0 +16.7% $312.14 +5.8%
39 STZ CONSTELLATION BRANDS INC Consumer Defensive 19.0 $3K 0.00% +4.0 +26.7% $138.00 +6.9%
40 AXP AMERICAN EXPRESS CO Financial Services 5.0 $2K 0.00% +2.0 +66.7% $370.00 -16.4%
Page 2 of 3  ·  52 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 43.4%
Financial Services 26.1%
Consumer Cyclical 17.1%
Communication Services 6.3%
Healthcare 3.1%
Industrials 1.5%
Consumer Defensive 1.2%
Energy 0.8%
Basic Materials 0.3%
Utilities 0.1%