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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 4  ·  66 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
61 ADI ANALOG DEVICES INC Technology 2.0 $543.0 -4.0 -66.7% $271.50 +52.6%
62 T AT&T INC Communication Services 21.0 $522.0 -14.0 -40.0% $24.86 -1.7%
63 EW EDWARDS LIFESCIENCES CORP Healthcare 6.0 $512.0 -8.0 -57.1% $85.33 -3.4%
64 IT GARTNER INC Technology 2.0 $505.0 -1.0 -33.3% $252.50 -38.4%
65 ABT ABBOTT LABS Healthcare 4.0 $502.0 -4.0 -50.0% $125.50 -29.2%
66 ALL ALLSTATE CORP Financial Services 2.0 $417.0 -1.0 -33.3% $208.50 +7.7%
Page 4 of 4  ·  66 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%