Breakwater Capital Group

CIK 0001964309 · Q1 2026

13F Equity AUM

$746.8M

+4.2% QoQ

Positions

373

+21 QoQ

AUM Rank

#3,380

Top 27%

Skill Alpha (FF)

-4.8%/yr^ns

No Clear Edge

Rank #7,345 · Top 89%

vs S&P -8.7%/yr (unadj.)

Quarters Tracked

~3 years

Portfolio Concentration

Top 5: 15.2%Top 10: 25.9%Top 20: 38.7%

JQUA3.6%

MGV3.0%

AAPL3.0%

PRF2.9%

IWF2.7%

RSP2.5%

IVV2.3%

BINC2.1%

VTV2.0%

IQLT1.8%

Others (363)74.1%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Financial Services79.3%

Technology7.5%

Industrials3.1%

Healthcare2.4%

Other7.7%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 373Median: 0.10%Avg: 0.27%

0–0.5%

322(39.5%)

0.5–1%

30(20.7%)

1–3%

19(33.1%)

3–5%

2(6.6%)

5%+

0(0.0%)

Count of positions per weight bucket — (%) = combined portfolio weight

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Portfolio Overlap

Shared: 366Unique: 7vs 20 funds

5%Low

373

Fund positions

7,299

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

Most Similar Funds

Top 9 benchmark funds with highest portfolio overlap (Jaccard similarity)

BANK OF AMERICA CORP /DE/

7.5%

6.7%

6.8%

9.5%

5.8%

4.8%

VANGUARD CAPITAL MANAGEMENT LLC

4.2%

GEODE CAPITAL MANAGEMENT, LLC

4.1%

VANGUARD PORTFOLIO MANAGEMENT LLC

4.9%

Jaccard similarity per fund: shared CUSIPs / (fund A + fund B − shared). Higher values indicate more similar portfolios.

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Position Changes This Quarter

New32Increased214Decreased99Exited11

New Positions

DGX0.1%

+5K

ORLY0.1%

+7K

SYSB0.1%

+7K

AVUV0.1%

+5K

AZN0.1%

+3K

ODFL0.1%

+2K

CL0.1%

+5K

MINO0.0%

+7K

AKRE0.0%

+6K

MMSD0.0%

+11K

Increased

FNDX1.1%

+41K(+15%)

NUV0.2%

+36K(+30%)

FESM0.3%

+31K(+115%)

PYLD1.5%

+28K(+7%)

MTBA0.8%

+27K(+31%)

JQUA3.6%

+25K(+6%)

NXP0.1%

+19K(+74%)

FALN1.3%

+18K(+5%)

MYN0.2%

+16K(+15%)

IQLT1.8%

+16K(+6%)

Decreased

XSHQ1.0%

-27,258(-13%)

CLOI0.2%

-13,270(-29%)

JAAA0.2%

-12,505(-29%)

AUR0.0%

-8,076(-14%)

PAAA0.2%

-6,211(-17%)

CLOA0.1%

-3,802(-18%)

SYLD0.7%

-3,311(-4%)

NAN0.0%

-2,984(-19%)

NXJ0.1%

-2,785(-3%)

NNY0.0%

-2,539(-8%)

Exited

AZN

-5,811

-2,461

PLTR

-1,259

-2,442

-356

-1,813

-2,444

-7,510

-907

-20,420

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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