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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 20 of 25  ·  497 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
381 SPG SIMON PPTY GROUP INC NEW Real Estate 3.0 $556.0 $185.33 +8.1%
382 CMG CHIPOTLE MEXICAN GRILL INC Consumer Cyclical 15.0 $555.0 NEW $37.00 -10.7%
383 SOLV SOLVENTUM CORP Healthcare 7.0 $555.0 NEW $79.29 -4.0%
384 CTRA COTERRA ENERGY INC Energy 21.0 $553.0 NEW $26.33 +23.6%
385 AFL AFLAC INC Financial Services 5.0 $552.0 $110.40 +7.3%
386 WST WEST PHARMACEUTICAL SVSC INC Healthcare 2.0 $551.0 $275.50 +10.5%
387 DVN DEVON ENERGY CORP NEW Energy 15.0 $550.0 +1.0 +7.1% $36.67 +35.5%
388 CME CME GROUP INC Financial Services 2.0 $547.0 NEW $273.50 +10.6%
389 A AGILENT TECHNOLOGIES INC Healthcare 4.0 $545.0 $136.25 -18.8%
390 XYL XYLEM INC Industrials 4.0 $545.0 $136.25 -20.5%
391 AVB AVALONBAY CMNTYS INC Real Estate 3.0 $544.0 $181.33 +2.1%
392 ADI ANALOG DEVICES INC Technology 2.0 $543.0 -4.0 -66.7% $271.50 +52.6%
393 ROIV ROIVANT SCIENCES LTD Healthcare 25.0 $543.0 NEW $21.72 +31.4%
394 LEIDOS HOLDINGS INC 3.0 $542.0 $180.67
395 ROL ROLLINS INC Consumer Cyclical 9.0 $541.0 $60.11 -9.2%
396 IFF INTERNATIONAL FLAVORS&FRAGRA Basic Materials 8.0 $540.0 NEW $67.50 +9.2%
397 CDZI CADIZ INC Utilities 96.0 $539.0 NEW $5.61 -22.9%
398 CTVA CORTEVA INC Basic Materials 8.0 $537.0 +1.0 +14.3% $67.12 +20.8%
399 NTAP NETAPP INC Technology 5.0 $536.0 $107.20 +12.5%
400 KVUE KENVUE INC Consumer Defensive 31.0 $535.0 NEW $17.26 -0.5%
Page 20 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%