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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 5  ·  91 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
21 LULU LULULEMON ATHLETICA INC Consumer Cyclical 3.0 $624.0 NEW $208.00 -42.2%
22 MAR MARRIOTT INTL INC NEW Consumer Cyclical 2.0 $621.0 NEW $310.50 +15.7%
23 STRL STERLING INFRASTRUCTURE INC Industrials 2.0 $613.0 NEW $306.50 +151.5%
24 UPS UNITED PARCEL SERVICE INC Industrials 6.0 $596.0 NEW $99.33 -3.8%
25 FTAI AVIATION LTD 3.0 $591.0 NEW $197.00
26 TGT TARGET CORP Consumer Defensive 6.0 $587.0 NEW $97.83 +26.1%
27 KRMN KARMAN HLDGS INC Industrials 8.0 $586.0 NEW $73.25 -9.6%
28 FOXA FOX CORP Communication Services 8.0 $585.0 NEW $73.12 -9.9%
29 FDS FACTSET RESH SYS INC Financial Services 2.0 $581.0 NEW $290.50 -22.8%
30 APOS APOLLO GLOBAL MGMT INC Financial Services 4.0 $580.0 NEW $145.00 -82.2%
31 FDX FEDEX CORP Industrials 2.0 $578.0 NEW $289.00 +27.9%
32 COOPER COS INC 7.0 $574.0 NEW $82.00
33 ERIE ERIE INDTY CO Financial Services 2.0 $574.0 NEW $287.00 -22.8%
34 HBAN HUNTINGTON BANCSHARES INC Financial Services 33.0 $573.0 NEW $17.36 -10.3%
35 SOLV SOLVENTUM CORP Healthcare 7.0 $555.0 NEW $79.29 -4.0%
36 CMG CHIPOTLE MEXICAN GRILL INC Consumer Cyclical 15.0 $555.0 NEW $37.00 -10.7%
37 CTRA COTERRA ENERGY INC Energy 21.0 $553.0 NEW $26.33 +23.6%
38 CME CME GROUP INC Financial Services 2.0 $547.0 NEW $273.50 +10.6%
39 ROIV ROIVANT SCIENCES LTD Healthcare 25.0 $543.0 NEW $21.72 +31.4%
40 IFF INTERNATIONAL FLAVORS&FRAGRA Basic Materials 8.0 $540.0 NEW $67.50 +9.2%
Page 2 of 5  ·  91 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%