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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 12 of 25  ·  497 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
221 BBJP J P MORGAN EXCHANGE TRADED F 183.0 $12K 0.00% $65.91 +11.5%
222 MRK MERCK & CO INC Healthcare 109.0 $11K 0.00% -650.0 -85.6% $105.27 +6.9%
223 SCHA SCHWAB STRATEGIC TR 402.0 $11K 0.00% -1K -71.4% $28.48 +12.6%
224 MBB ISHARES TR 119.0 $11K 0.00% $95.23 -2.3%
225 VLTO VERALTO CORP Industrials 113.0 $11K 0.00% -5.0 -4.2% $99.79 -13.1%
226 NEE NEXTERA ENERGY INC Utilities 135.0 $11K 0.00% $80.28 +16.3%
227 BKNG BOOKING HOLDINGS INC Consumer Cyclical 2.0 $11K 0.00% $5355.50 -97.1%
228 IBB ISHARES TR 63.0 $11K 0.00% $168.78 -2.7%
229 SCHJ SCHWAB STRATEGIC TR 406.0 $10K 0.00% $24.90 -1.4%
230 PBW INVESCO EXCHANGE TRADED FD T 331.0 $10K 0.00% $30.54 +24.4%
231 SPTI SPDR SERIES TRUST 335.0 $10K 0.00% $28.84 -2.4%
232 BHP BHP GROUP LTD Basic Materials 160.0 $10K 0.00% $60.38 +35.6%
233 BBCA J P MORGAN EXCHANGE TRADED F 102.0 $9K 0.00% $93.00 +6.2%
234 SPYG SPDR SERIES TRUST 88.0 $9K 0.00% $106.70 +9.1%
235 RIVN RIVIAN AUTOMOTIVE INC Consumer Cyclical 456.0 $9K 0.00% $19.71 -32.3%
236 GOVT ISHARES TR 380.0 $9K 0.00% NEW $23.03 -2.3%
237 CMCSA COMCAST CORP NEW Communication Services 287.0 $9K 0.00% +20.0 +7.5% $29.89 -17.0%
238 VIOO VANGUARD ADMIRAL FDS INC 76.0 $8K 0.00% NEW $110.96 +10.9%
239 EWD ISHARES INC 169.0 $8K 0.00% $49.23 +1.7%
240 SCHG SCHWAB STRATEGIC TR 252.0 $8K 0.00% $32.62 +3.9%
Page 12 of 25  ·  497 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%