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 7 of 7 · 124 positions

← Prev 1… 5 6 7

#	Ticker	Company	Sector	Shares	Value ↓	% Port	Status
121	PODD	INSULET CORP	Healthcare	1	$309.0	—	SOLD
122	MOS	MOSAIC CO NEW	Basic Materials	8	$278.0	—	SOLD
123	EPAM	EPAM SYS INC	Technology	1	$151.0	—	SOLD
124	EL	LAUDER ESTEE COS INC	Consumer Defensive	1	$89.0	—	SOLD

Page 7 of 7 · 124 positions

← Prev 1… 5 6 7

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%