Breakwater Investment Management
Long book
$268.9M
Q1 2026
Positions
506
Top-10 weight
49%
concentration
Last quarter
+9.1%
SPY +14.8%
Turnover
26%
of book per quarter
Strategy in plain words
auto-generated from filingsBreakwater Investment Management is a wealth-management firm allocating client money, running a $268.9M US long book across 506 positions.
The portfolio is moderately concentrated (top 10 ≈ 49% of the book). The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: VANGUARD TOTAL STOCK MKT ETF, SCHWAB US BROAD MARKET ETF, VANGUARD TOTAL INTL STOCK, VANGUARD TOTAL BOND MARKET, MICROSOFT CORP.
Over the last 9 quarters its long book ran on average 1.1pp per quarter behind the S&P 500, beating the index in 3 of 9 quarters. Its holdings are mechanical (indexing / client flows), so position changes carry no stock-picking signal.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+2.1%
Q2 2024
+5.8%
Q3 2024
-0.9%
Q4 2024
-0.8%
Q1 2025
+8.9%
Q2 2025
+5.8%
Q3 2025
+2.2%
Q4 2025
-1.9%
Q1 2026
+9.1%
Sector allocation
Technology 62%
Consumer discretionary 25%
Healthcare 3%
Industrials 2%
Financials 2%
Other 2%
Energy 2%
Services media 1%
Long book by quarter
What does Breakwater Investment own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| MSFT MICROSOFT CORP | Technology | 25.0K | $9.2M | 3.4% | -1.2% |
| AMZN AMAZON.COM INC | Consumer discretionary | 20.7K | $4.3M | 1.6% | -2.5% |
| GOOGL ALPHABET INC-CL A | Technology | 4.2K | $1.2M | 0.4% | Held |
| AAPL APPLE INC | Technology | 1.6K | $402K | 0.1% | Held |
| GOOG ALPHABET INC-CL C | Technology | 1.2K | $353K | 0.1% | Held |
| PLTR PALANTIR TECHNOLOGIES INC-A | Technology | 2.1K | $305K | 0.1% | -0.4% |
| WMT WALMART INC | Consumer discretionary | 2.0K | $244K | 0.1% | Held |
| XOM EXXON MOBIL CORP | Energy | 1.4K | $241K | 0.1% | -2.7% |
| ISRG INTUITIVE SURGICAL INC | Healthcare | 452 | $208K | 0.1% | +0.2% |
| NVDA NVIDIA CORP | Technology | 1.2K | $205K | 0.1% | -6.5% |
| GRMN GARMIN LTD | Technology | 792 | $184K | 0.1% | +0.3% |
| OMER OMEROS CORP | Healthcare | 17.0K | $180K | 0.1% | Held |
| TMO THERMO FISHER SCIENTIFIC INC | Other | 357 | $175K | 0.1% | -0.6% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 506 | $268.9M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 2, 2026 | 497 | $276.4M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 3, 2025 | 530 | $271.2M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 9, 2025 | 310 | $258.5M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 17, 2025 | 315 | $234.2M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR/ARESTATEMENT | Jan 16, 2025 | 309 | $235.2M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 14, 2025 | 317 | $223.6M | SEC ↗ | |
| Q3 2024 | 13F-HR/ARESTATEMENT | Jan 16, 2025 | 310 | $239.5M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 5, 2024 | 317 | $223.6M | SEC ↗ | |
| Q2 2024 | 13F-HR | Aug 8, 2024 | 317 | $223.6M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Jun 14, 2024 | 314 | $217.3M | canonical | SEC ↗ |