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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 15 of 25  ·  497 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
281 NSC NORFOLK SOUTHN CORP Industrials 7.0 $2K 0.00% $288.86 +10.8%
282 EWS ISHARES INC 73.0 $2K 0.00% $27.52 +6.2%
283 C CITIGROUP INC Financial Services 17.0 $2K 0.00% $116.71 +2.8%
284 AXP AMERICAN EXPRESS CO Financial Services 5.0 $2K 0.00% +2.0 +66.7% $370.00 -16.4%
285 PGR PROGRESSIVE CORP Financial Services 8.0 $2K 0.00% -5.0 -38.5% $227.75 -10.4%
286 CRM SALESFORCE INC Technology 6.0 $2K 0.00% +2.0 +50.0% $265.00 -32.3%
287 SPYV SPDR SERIES TRUST 26.0 $1K 0.00% $56.85 +5.7%
288 TE T1 ENERGY INC Industrials 217.0 $1K 0.00% -86.0 -28.4% $6.68 +4.8%
289 ETN EATON CORP PLC Industrials 4.0 $1K -6.0 -60.0% $318.75 +19.8%
290 GE GE AEROSPACE Industrials 4.0 $1K $308.25 -7.2%
291 WDC WESTERN DIGITAL CORP Technology 7.0 $1K $172.29 +166.2%
292 IBM INTERNATIONAL BUSINESS MACHS Technology 4.0 $1K $296.25 -24.8%
293 MU MICRON TECHNOLOGY INC Technology 4.0 $1K $285.50 +138.7%
294 MRSH MARSH & MCLENNAN COS INC Financial Services 6.0 $1K +4.0 +200.0% $185.67 -10.6%
295 SHV ISHARES TR 10.0 $1K $110.20 +0.1%
296 CTSH COGNIZANT TECHNOLOGY SOLUTIO Technology 13.0 $1K NEW $83.00 -38.1%
297 RVMD REVOLUTION MEDICINES INC Healthcare 13.0 $1K $79.69 +81.2%
298 CMI CUMMINS INC Industrials 2.0 $1K +1.0 +100.0% $510.50 +29.2%
299 VLO VALERO ENERGY CORP Energy 6.0 $977.0 +3.0 +100.0% $162.83 +58.8%
300 FORM FORMFACTOR INC Technology 17.0 $949.0 $55.82 +110.3%
Page 15 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%