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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 5 of 5  ·  91 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
81 VRSK VERISK ANALYTICS INC Industrials 2.0 $448.0 NEW $224.00 -23.4%
82 ROP ROPER TECHNOLOGIES INC Industrials 1.0 $446.0 NEW $446.00 -25.8%
83 INGR INGREDION INC Consumer Defensive 4.0 $442.0 NEW $110.50 -8.2%
84 ADPT ADAPTIVE BIOTECHNOLOGIES COR Healthcare 27.0 $439.0 NEW $16.26 -20.3%
85 MORN MORNINGSTAR INC Financial Services 2.0 $435.0 NEW $217.50 -18.6%
86 OKLO OKLO INC Utilities 6.0 $431.0 NEW $71.83 -18.5%
87 PWR QUANTA SVCS INC Industrials 1.0 $423.0 NEW $423.00 +70.9%
88 CHTR CHARTER COMMUNICATIONS INC N Communication Services 2.0 $418.0 NEW $209.00 -31.8%
89 DPZ DOMINOS PIZZA INC Consumer Cyclical 1.0 $417.0 NEW $417.00 -26.1%
90 WAT WATERS CORP Healthcare 1.0 $380.0 NEW $380.00 -12.6%
91 CORT CORCEPT THERAPEUTICS INC Healthcare 6.0 $209.0 NEW $34.83 +58.2%
Page 5 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%