Breakwater Capital Group
- SEC CIK
- 0001964309
- Latest filing
- Jul 8, 2026
The latest 13F from Breakwater Capital Group covers Q2 2026 (filed Jul 8, 2026): 374 long positions worth $832.9M. The top 10 holdings make up 26.3% of the portfolio, and the largest is J P Morgan Exchange Traded F at 3.9%. Livermore has 15 filings on Form 13F from this institution, going back to Q4 2022.
What changed in Q2 2026
Share counts compared with Q1 2026: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.
- New
- 19
- Est. +$6.74M
- Added
- 168
- Est. +$30.8M
- Reduced
- 163
- Est. −$26.4M
- Sold out
- 18
- Est. −$7.55M
Top 5 holdings
Share of this quarter's portfolio value
- J P Morgan Exchange Traded F46641Q7613.9%$32.1M
- Vanguard World FD9219108403.1%$26.0M
- Invesco Exchange Traded FD T46137V6132.9%$24.1M
- AAPLApple Inc.
- iShares Russell 1000 Growth ETF4642876142.8%$23.5M
Biggest buys
New and added positions, by estimated amount bought
- Fidelity Covington Trust31609A206+$2.88MAdded
- Janus Detroit STR Tr47103U845+$2.51MAdded
- State Street SPDR Portfolio Intermediate Term Corporate Bond ETF78464A375+$2.38MAdded
- iShares Flexible Income Active ETF092528603+$1.70MAdded
- VanEck ETF Trust92189F437+$1.66MAdded
Largest weight increases
New and added positions, by percentage points of the portfolio gained
- Fidelity Covington Trust31609A206+0.39 pp0.3% → 0.7%
- Janus Detroit STR Tr47103U845+0.28 pp0.2% → 0.5%
- J P Morgan Exchange Traded F46641Q761+0.25 pp3.6% → 3.9%
- State Street SPDR Portfolio Intermediate Term Corporate Bond ETF78464A375+0.24 pp0.4% → 0.6%
- VanEck ETF Trust92189F437+0.18 pp0.3% → 0.4%
Biggest sells
Reduced and sold-out positions, by estimated amount sold
- SPDR Series Trust78464A144−$2.09MReduced
- MSFTMicrosoft Corp
- iShares Tr46435G219−$1.86MReduced
- Invesco Exch Traded FD Tr II46138G300−$1.80MReduced
- Pgim ETF Tr69344A206−$1.41MReduced
Largest weight decreases
Reduced and sold-out positions, by percentage points of the portfolio lost
- MSFTMicrosoft Corp
- SPDR Series Trust78464A144−0.34 pp0.8% → 0.5%
- iShares Tr46435G219−0.33 pp1.1% → 0.7%
- Pgim ETF Tr69344A206−0.22 pp0.6% → 0.3%
- Invesco Exch Traded FD Tr II46138G300−0.19 pp1.0% → 0.8%
Metrics
13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.
- Portfolio value
- $832.9M
- +$86.1M (+11.5%) vs. prior quarter
- Positions
- 374
- +1 vs. prior quarter
- Top 10 concentration
- 26.3%
- Top 10 as share of value
- Turnover
- 4.3%
- Q2 2026, one quarter
- Average holding period
- 12.6 quarters
- Weighted by value
How these are calculated
- Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
- Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
- Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
- Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q4 2022), so positions held before then are understated.
13F filings by quarter
15 quarters, going back to Q4 2022. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.
Peak $832.9M (Q2 2026)
| Quarter | Filed | Positions | Value | Top 3 holdings | Changes | Filing |
|---|---|---|---|---|---|---|
| Q2 2026 | Jul 8, 2026 | 374 | $832.9M | J P Morgan Exchange Traded FVanguard World FDInvesco Exchange Traded FD T | vs. Q1 2026 | SEC |
| Q1 2026 | Apr 20, 2026 | 373 | $746.8M | J P Morgan Exchange Traded FVanguard World FDAAPL | vs. Q4 2025 | SEC |
| Q4 2025 | Jan 9, 2026 | 352 | $716.6M | J P Morgan Exchange Traded FAAPLInvesco Exchange Traded FD T | vs. Q3 2025 | SEC |
| Q3 2025 | Nov 6, 2025 | 352 | $677.2M | J P Morgan Exchange Traded FInvesco Exchange Traded FD TAAPL | vs. Q2 2025 | SEC |
| Q2 2025 | Jul 9, 2025 | 340 | $613.6M | J P Morgan Exchange Traded FInvesco Exchange Traded FD TAAPL | vs. Q1 2025 | SEC |
| Q1 2025 | Apr 10, 2025 | 326 | $561.2M | Invesco Exchange Traded FD TAAPLJ P Morgan Exchange Traded F | vs. Q4 2024 | SEC |
| Q4 2024 | Jan 14, 2025 | 284 | $502.3M | AAPLInvesco Exchange Traded FD TJ P Morgan Exchange Traded F | vs. Q3 2024 | SEC |
| Q3 2024 | Oct 4, 2024 | 286 | $496.3M | AAPLInvesco Exchange Traded FD TJ P Morgan Exchange Traded F | vs. Q2 2024 | SEC |
| Q2 2024 | Jul 26, 2024 | 276 | $440.7M | AAPLInvesco Exchange Traded FD TJ P Morgan Exchange Traded F | vs. Q1 2024 | SEC |
| Q1 2024 | Apr 18, 2024 | 260 | $397.7M | Invesco Exchange Traded FD TInvesco Exchange Traded FD TAAPL | vs. Q4 2023 | SEC |
| Q4 2023 | Jan 24, 2024 | 247 | $353.7M | AAPLInvesco Exchange Traded FD TInvesco Exchange Traded FD T | vs. Q3 2023 | SEC |
| Q3 2023 | Nov 6, 2023 | 218 | $290.3M | AAPLInvesco Exchange Traded FD TInvesco Exchange Traded FD T | vs. Q2 2023 | SEC |
| Q2 2023 | Jul 24, 2023 | 198 | $273.7M | AAPLInvesco Exchange Traded FD TInvesco Exchange Traded FD T | vs. Q1 2023 | SEC |
| Q1 2023 | Apr 27, 2023 | 185 | $238.3M | AAPLInvesco Exchange Traded FD TiShares Russell 1000 Value ETF | vs. Q4 2022 | SEC |
| Q4 2022 | Feb 2, 2023 | 168 | $191.1M | AAPLiShares Russell 1000 Value ETFInvesco Exchange Traded FD T | – | SEC |