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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 4 of 5  ·  91 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
61 VRSN VERISIGN INC Technology 2.0 $486.0 NEW $243.00 +25.6%
62 ARES ARES MANAGEMENT CORPORATION Financial Services 3.0 $485.0 NEW $161.67 -25.1%
63 AVAV AEROVIRONMENT INC Industrials 2.0 $484.0 NEW $242.00 -33.8%
64 BOX BOX INC Technology 16.0 $479.0 NEW $29.94 -14.2%
65 HNRG HALLADOR ENERGY COMPANY Energy 25.0 $476.0 NEW $19.04 -3.9%
66 CL COLGATE PALMOLIVE CO Consumer Defensive 6.0 $475.0 NEW $79.17 +13.7%
67 LGN LEGENCE CORP Industrials 11.0 $474.0 NEW $43.09 +93.3%
68 DBX DROPBOX INC Technology 17.0 $473.0 NEW $27.82 +0.6%
69 ODFL OLD DOMINION FREIGHT LINE IN Industrials 3.0 $471.0 NEW $157.00 +30.0%
70 SNPS SYNOPSYS INC Technology 1.0 $470.0 NEW $470.00 +6.0%
71 DE DEERE & CO Industrials 1.0 $466.0 NEW $466.00 +21.1%
72 BWMN BOWMAN CONSULTING GROUP LTD Industrials 14.0 $463.0 NEW $33.07 -7.3%
73 TEL TE CONNECTIVITY PLC Technology 2.0 $456.0 NEW $228.00 -12.1%
74 MSTR STRATEGY INC Technology 3.0 $456.0 NEW $152.00 +9.6%
75 TYL TYLER TECHNOLOGIES INC Technology 1.0 $454.0 NEW $454.00 -29.3%
76 VRTX VERTEX PHARMACEUTICALS INC Healthcare 1.0 $454.0 NEW $454.00 -3.8%
77 IQVIA HLDGS INC 2.0 $451.0 NEW $225.50
78 DLB DOLBY LABORATORIES INC Technology 7.0 $450.0 NEW $64.29 -15.4%
79 PAHC PHIBRO ANIMAL HEALTH CORP Healthcare 12.0 $449.0 NEW $37.42 -8.7%
80 PAYX PAYCHEX INC Industrials 4.0 $449.0 NEW $112.25 -15.8%
Page 4 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%