Breakwater Investment Management

Q4 2025 13F-HR Holdings

Location
Seattle, WA
Holdings as of
12/31/2025
Date filed
2/2/2026
Form type
13F-HR
Num holdings
497
Total value ($000)
$276,397
Net value change ($000)
+5,182 (1.9%)
New positions
91
Sold out positions
124
Turnover %
0.2%
Sector allocation + QoQ delta (equities-only)
Prev filing: 10/3/2025 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q3 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
VTI 995 2.5%
SCMB 729 71.1%
IAGG 663 17.2%
VGSH 598 18.0%
GOOGL 287 27.9%
VYMI 257 8.7%
SCHD 254 6.7%
VXUS 253 1.4%
AMZN 234 5.0%
OMER 223 318.6%
Top Reduces (Value $000, Stocks/ETFs)
MSFT -2,083 -14.6%
BNDX -381 -3.2%
VNQ -223 -11.0%
VWO -209 -3.6%
VGLT -161 -100.0%
VTC -151 -13.2%
SCHE -148 -5.9%
BND -144 -1.3%
SPTM -113 -1.5%
RSP -89 -93.7%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
Filter:
Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type