Bear Mountain Capital, Inc.

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 12, 2025), Bear Mountain Capital, Inc. reported 322 stock positions worth $298.6 million. Its top holding was Vngrd Mrngstr MD-Cap ETF-Usd (VO) at 15.2% of the portfolio, followed by Vanguard S&P 500 ETF (VOO, 12.0%) and iShares National Muni Bond E (MUB, 9.0%). Compared with Q2 2025, it opened 144 new positions, sold out of 3, added to 61 and reduced 24. The biggest buy was iShares National Muni Bond E (MUB, shares +11%) and the biggest sale iShares MSCI Eafe Small-Cap (SCZ, shares −0%).

Most Recent 13F
Q2 2026
Location
SEATTLE, WA
CIK
0002009419
Portfolio Value
$298.6M (Q3 2025)
SEC Filing
0002009419-25-000008 ↗ filed Nov 12, 2025

Holdings Value

0$100.0M$200.0M$300.0M$400.0M Q1 2024: $232.0M Q1 2024 Q2 2024: $245.8M Q2 2024 Q3 2024: $253.3M Q3 2024 Q4 2024: $256.9M Q4 2024 Q1 2025: $258.7M Q1 2025 Q2 2025: $279.1M Q2 2025 Q3 2025: $298.6M $298.6M Q3 2025 Q4 2025: $309.8M Q4 2025 Q1 2026: $332.6M Q1 2026 Q2 2026: $345.2M Q2 2026

Holdings 322 stocks · $298.6M
VO Vngrd Mrngstr MD-Cap ETF-Usd 15.20% 154,626 $45.4M Add +2.0%
VOO Vanguard S&P 500 ETF 11.95% 57,828 $35.7M Reduce -0.3%
MUB iShares National Muni Bond E 8.98% 249,255 $26.8M Add +11.3%
VEA Vanguard Ftse Developed ETF 8.18% 402,510 $24.4M Add +0.2%
SCZ iShares MSCI Eafe Small-Cap 8.15% 319,306 $24.4M Reduce -0.2%
VCSH Vanguard S/T Corp. Bond ETF 6.95% 259,181 $20.8M Add +1.1%
BND Vanguard Total Bond Market 6.08% 241,758 $18.1M Add +12.2%
VWO Vanguard Ftse Emerging Marke 5.67% 310,623 $16.9M Reduce -1.5%
VB Vanguard Most SM-Cap ETF-Usd 4.01% 46,539 $12.0M Add +3.3%
VNQ Vanguard Real Estate ETF 3.06% 99,381 $9.1M Add +3.5%
BNDX Vanguard Total Intl Bond ETF 2.59% 155,029 $7.7M Add +9.9%
IVV iShares Core S&P 500 ETF 1.84% 8,128 $5.5M No change
SUSA iShares ESG Optimized MSCI U 1.72% 37,393 $5.1M Reduce -1.3%
VTI VG Morningstar TS MKT ETF-US 1.50% 13,531 $4.5M Add +0.0%
SUSB iShares ESG Aware 1-5 Year U 1.25% 147,427 $3.7M Reduce -6.0%
AMZN Amazon.com Inc. 1.12% 15,125 $3.4M Reduce -0.1%
EAGG iShares ESG Aware US Aggrega 1.09% 67,355 $3.3M Add +7.6%
VSS Vanguard Ftse All Wo X-US SC 1.09% 22,955 $3.3M Reduce -1.8%
IWB iShares Russell 1000 ETF 1.02% 8,296 $3.1M No change
VSGX Vanguard ESG Intl Stock ETF 1.00% 42,411 $3.0M Reduce -1.6%
VNQI Vanguard GLBL Ex-US Real Est 0.76% 47,386 $2.3M Add +0.2%
ESGE iShares Inc. iShares ESG Awar 0.67% 45,680 $2.0M Reduce -6.6%
NVDA Nvidia Corp. 0.58% 9,566 $1.7M Add +0.2%
MSFT Microsoft Corp. 0.55% 3,157 $1.6M Reduce -0.1%
SPY SS SPDR S&P 500 ETF Trust-US 0.43% 1,926 $1.3M No change
IEFA iShares Core MSCI Eafe ETF 0.42% 14,223 $1.3M Reduce -1.5%
MDY State Street SPDR S&P Midcap 0.40% 2,019 $1.2M No change
EEM iShares MSCI Emerging Market 0.36% 20,022 $1.1M Reduce -13.6%
VTEB Vanguard Tax-Exempt Bond ETF 0.34% 19,784 $1.0M Add +0.4%
COST Costco Wholesale Corp. 0.31% 1,000 $938K Add +0.1%
IGSB iShares 1-5Y Inv Grade Corp. 0.31% 17,211 $915K Reduce -5.6%
IAGG iShares Intl Aggregate Bond 0.26% 15,157 $785K Reduce -7.5%
NFLX Netflix Inc. 0.25% 607 $753K Reduce -1.1%
IWR iShares Russell Mid-Cap ETF 0.22% 6,784 $657K No change
AAPL Apple Inc. 0.14% 1,578 $415K Add +0.5%
BRK.B Berkshire Hathaway Inc. Class B 0.11% 675 $332K No change
NTES Netease Inc.-ADR 0.09% 1,801 $273K Add +0.4%
GOOG Alphabet Inc. Class C 0.08% 968 $243K Add +0.1%
CAT Caterpillar Inc. 0.06% 346 $182K Add +0.3%
PLTR Palantir Technologies Inc. Class A 0.06% 987 $179K Add +0.3%
IYR iShares US Real Estate ETF 0.06% 1,768 $173K Reduce -3.8%
IYF iShares US Financials ETF 0.05% 1,200 $147K No change
RWX State Street SPDR Dow Jones 0.04% 4,734 $132K Reduce -11.7%
META Meta Platforms Inc. Class A 0.04% 163 $120K Add +1.9%
ADP Automatic Data Processing 0.04% 400 $114K No change
TSLA Tesla Inc. 0.03% 233 $103K Reduce -7.2%
AMD Advanced Micro Devices 0.03% 400 $95K No change
VEU Vanguard Ftse All-World Ex-U 0.03% 1,240 $90K No change
INTC Intel Corp. 0.03% 2,308 $88K Add +18.1%
NUEM Nuveen ESG Emerging Markets 0.03% 2,166 $79K Reduce -12.8%
BABA Alibaba Group Holding-SP ADR 0.03% 469 $78K No change
BKNG Booking Holdings Inc. 0.02% 14 $74K No change
AVB Avalonbay Communities Inc. 0.02% 369 $69K No change
BA The Boeing Co. 0.02% 316 $69K Add +0.3%
IJR iShares Core S&P Small-Cap E 0.02% 533 $64K No change
QQQ Invesco QQQ Trust Series 1 0.02% 103 $63K No change
VUG Vanguard Mrngstar GR ETF-Sui 0.02% 129 $62K No change
JPM JPMorgan Chase & Co. 0.02% 208 $62K Add +3.0%
JEPQ JPM Nasdaq Equity Premium filed as J P MORGAN EXCHANGE TRADED F 0.02% 1,046 $61K No change
IWF iShares Russell 1000 Growth 0.02% 126 $60K Reduce -0.8%
ESS Essex Property Trust Inc. 0.02% 221 $58K No change
MA Mastercard Inc. Class A 0.02% 100 $57K No change
SBUX Starbucks Corp. 0.02% 664 $57K Add +0.6%
VMRK Vivmark Residential filed as EQUITY RESIDENTIAL 0.02% 890 $56K No change
GBTC Grayscale Bitcoin Trust ETF 0.02% 637 $56K Add +21.1%
VTV Vanguard Mrngstr Val ETF-Aui 0.02% 283 $53K No change
IWD iShares Russell 1000 Value E 0.02% 257 $53K Reduce -0.8%
RTX RTX Corp. 0.02% 295 $51K No change
ABBV Abbvie Inc. 0.02% 210 $49K Add +0.5%
OKLO Oklo Inc. 0.01% 300 $42K Reduce -14.3%
GD General Dynamics Corp. 0.01% 122 $42K No change
RIVN Rivian Automotive Inc. Class A 0.01% 2,861 $38K No change
VOOG Vanguard S&P 500 Growth ETF 0.01% 84 $37K No change
IJK iShares S&P Mid-Cap 400 Grow 0.01% 352 $34K No change
IJJ iShares S&P Mid-Cap 400 Valu 0.01% 258 $34K No change
SHY iShares 1-3 Year Treasury Bo 0.01% 378 $31K Reduce -64.9%
AGG iShares Core U.S. Aggregate 0.01% 309 $31K Reduce -1.9%
JNJ Johnson & Johnson 0.01% 161 $31K Add +1.9%
IWO iShares Russell 2000 Growth 0.01% 91 $30K No change
BOX Box Inc. Class A 0.01% 871 $29K Add +0.5%
IWN iShares Russell 2000 Value E 0.01% 157 $28K No change
VRT Vertiv Holdings Co. Class A 0.01% 160 $28K Add +45.5%
ITW Illinois Tool Works 0.01% 100 $26K No change
IVT Inventrust Properties Corp. 0.01% 830 $24K Add +0.8%
CVX Chevron Corp. 0.01% 148 $23K No change
CCJ Cameco Corp. 0.01% 250 $21K Add +25.0%
VTWV Vanguard Russell 2000 Value 0.01% 126 $20K No change
HDV iShares Core High Dividend E 0.01% 153 $19K Add +0.7%
WMT Walmart Inc. 0.01% 173 $18K Add +1.2%
MCD McDonald's Corp. 0.01% 58 $18K No change
KR Kroger Co. 0.01% 236 $16K Add +5.4%
EA Electronic Arts Inc. 0.01% 76 $15K No change
SDY SS SPDR S&P Dividend ETF 0.00% 102 $14K Add +1.0%
TEM Tempus AI Inc. Class A 0.00% 158 $14K No change
PHAT Phathom Pharmaceuticals Inc. 0.00% 1,000 $14K No change
ARM Arm Holdings PLC-ADR 0.00% 78 $13K Add +4.0%
QQQM Invesco Nasdaq 100 ETF 0.00% 51 $13K No change
NTRS Northern Trust Corp. 0.00% 100 $13K No change
UL Unilever PLC 0.00% 197 $12K Add +3.7%
TRMB Trimble Inc. 0.00% 152 $12K Add +1.3%

Show all 322 holdings

Other holdings (1): bonds, preferreds, convertibles and warrants · $2K (not counted above)
SecurityClassShares / PrincipalValueChange
BOEING CO/THE (BA 6 10/15/27) DEP CONV PFD A 22$2KAdd +10.0%

Total filed on the 13F, all lines: $298.6M.

Portfolio Sells Q2 2025 → Q3 2025
SCZ iShares MSCI Eafe Small-Cap Reduce -0.2% 8.15% −0.17
SUSB iShares ESG Aware 1-5 Year U Reduce -6.0% 1.25% −0.16
AMZN Amazon.com Inc. Reduce -0.1% 1.12% −0.10
VSS Vanguard Ftse All Wo X-US SC Reduce -1.8% 1.09% −0.04
EEM iShares MSCI Emerging Market Reduce -13.6% 0.36% −0.04
IGSB iShares 1-5Y Inv Grade Corp. Reduce -5.6% 0.31% −0.04
IAGG iShares Intl Aggregate Bond Reduce -7.5% 0.26% −0.04
VOO Vanguard S&P 500 ETF Reduce -0.3% 11.95% −0.03
VWO Vanguard Ftse Emerging Marke Reduce -1.5% 5.67% −0.03
MSFT Microsoft Corp. Reduce -0.1% 0.55% −0.03
ESGE iShares Inc. iShares ESG Awar Reduce -6.6% 0.67% −0.03
SHY iShares 1-3 Year Treasury Bo Reduce -64.9% 0.01% −0.02
SUSA iShares ESG Optimized MSCI U Reduce -1.3% 1.72% −0.02
NFLX Netflix Inc. Reduce -1.1% 0.25% −0.01
VSGX Vanguard ESG Intl Stock ETF Reduce -1.6% 1.00% −0.01
IEFA iShares Core MSCI Eafe ETF Reduce -1.5% 0.42% −0.01
RWX State Street SPDR Dow Jones Reduce -11.7% 0.04% −0.01
IYR iShares US Real Estate ETF Reduce -3.8% 0.06% −0.01
NUEM Nuveen ESG Emerging Markets Reduce -12.8% 0.03% −0.00
AGG iShares Core U.S. Aggregate Reduce -1.9% 0.01% −0.00
IWD iShares Russell 1000 Value E Reduce -0.8% 0.02% −0.00
KLG WK Kellogg Co. Sold out 0.00% −0.00
WBA Walgreens Boots Alliance Inc. Sold out 0.00% −0.00
PARAA Paramount Global Class B Sold out 0.00% 0.00
IWF iShares Russell 1000 Growth Reduce -0.8% 0.02% +0.00
TSLA Tesla Inc. Reduce -7.2% 0.03% +0.01
OKLO Oklo Inc. Reduce -14.3% 0.01% +0.01

Portfolio Buys Q2 2025 → Q3 2025
MUB iShares National Muni Bond E Add +11.3% 8.98% +0.70
BND Vanguard Total Bond Market Add +12.2% 6.08% +0.45
BNDX Vanguard Total Intl Bond ETF Add +9.9% 2.59% +0.10
VB Vanguard Most SM-Cap ETF-Usd Add +3.3% 4.01% +0.08
EAGG iShares ESG Aware US Aggrega Add +7.6% 1.09% +0.04
VEA Vanguard Ftse Developed ETF Add +0.2% 8.18% +0.03
AAPL Apple Inc. Add +0.5% 0.14% +0.02
GOOG Alphabet Inc. Class C Add +0.1% 0.08% +0.02
INTC Intel Corp. Add +18.1% 0.03% +0.01
CAT Caterpillar Inc. Add +0.3% 0.06% +0.01
PLTR Palantir Technologies Inc. Class A Add +0.3% 0.06% +0.01
VRT Vertiv Holdings Co. Class A Add +45.5% 0.01% +0.00
NTES Netease Inc.-ADR Add +0.4% 0.09% +0.00
BCI Abrdn Bloomberg All Commodit New 0.00% +0.00
SGOV iShares 0-3 Month Treasury B New 0.00% +0.00
KTOS Kratos Defense & Security New 0.00% +0.00
BMNR Bitmine Immersion Technologi New 0.00% +0.00
ABBV Abbvie Inc. Add +0.5% 0.02% +0.00
IBIT iShares Bitcoin Trust ETF Add +1580.0% 0.00% +0.00
IAU iShares Gold Trust New 0.00% +0.00
USRT iShares Core US REIT ETF New 0.00% +0.00
CCJ Cameco Corp. Add +25.0% 0.01% +0.00
GBTC Grayscale Bitcoin Trust ETF Add +21.1% 0.02% +0.00
JNJ Johnson & Johnson Add +1.9% 0.01% +0.00
VTI VG Morningstar TS MKT ETF-US Add +0.0% 1.50% +0.00
VCIT Vanguard Int-Term Corporate New 0.00% +0.00
VMBS Vanguard Mortgage-Backed Sec New 0.00% +0.00
SHOP Shopify Inc. Class A Add +8.0% 0.00% +0.00
GOOGL Alphabet Inc. Class A New 0.00% +0.00
AXP American Express Co. Add +40.0% 0.00% +0.00
USHY iShares Broad Usd High Yield New 0.00% +0.00
LRCX Lam Research Corp. New 0.00% +0.00
BAC Bank of America Corp. New 0.00% +0.00
GE General Electric Add +6.9% 0.00% +0.00
COMB Graniteshares Bcom Broad STR New 0.00% +0.00
HD Home Depot Inc. Add +21.4% 0.00% +0.00
SAP Sap SE-Sponsored ADR New 0.00% +0.00
SCHP Schwab U.S. Tips ETF New 0.00% +0.00
SONY Sony Group Corp. - SP ADR Add +4.3% 0.00% +0.00
MMM 3M Co. New 0.00% +0.00
CRUS Cirrus Logic Inc. New 0.00% +0.00
DE Deere & Co. New 0.00% +0.00
LLY Eli Lilly & Co. New 0.00% +0.00
NVS Novartis AG-Sponsored ADR New 0.00% +0.00
QCOM Qualcomm Inc. New 0.00% +0.00
TFI SS SPDR N Ice Muni Bond ETF New 0.00% +0.00
PATH Uipath Inc. Class A Add +7.0% 0.00% +0.00
WMT Walmart Inc. Add +1.2% 0.01% +0.00
WFC Wells Fargo & Co. New 0.00% +0.00
MDT Medtronic PLC New 0.00% +0.00

Notes & Other Activity Q2 2025 → Q3 2025
BOEING CO/THE (BA 6 10/15/27) DEP CONV PFD A Add +10.0% 22 $2K

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 212$345.2MVO, VOO, SUB, VEA, SCZ
Q1 2026 196$332.6MVO, VOO, VEA, SCZ, SUB
Q4 2025 198$309.8MVO, VOO, VEA, SCZ, MUB
Q3 2025 322$298.6MVO, VOO, MUB, VEA, SCZ
Q2 2025 181$279.1MVO, VOO, SCZ, MUB, VEA
Q1 2025 343$258.7MVO, VOO, MUB, SCZ, VEA
Q4 2024 174$256.9MVO, VOO, MUB, VCSH, SCZ
Q3 2024 175$253.3MVO, VOO, MUB, VCSH, SCZ
Q2 2024 182$245.8MVO, VOO, MUB, VCSH, SCZ
Q1 2024 224$232.0MVO, VOO, MUB, VCSH, SCZ