Bear Mountain Capital, Inc.
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 22, 2026), Bear Mountain Capital, Inc. reported 198 stock positions worth $309.8 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 Vanguard Ftse Developed ETF (VEA, 8.5%). Compared with Q3 2025, it opened 6 new positions, sold out of 130, added to 47 and reduced 56. The biggest buy was Vanguard Tax-Exempt Bond ETF (VTEB, shares +418%) and the biggest sale iShares National Muni Bond E (MUB, shares −10%).
- Most Recent 13F
- Q2 2026
- Location
- SEATTLE, WA
- CIK
- 0002009419
- Portfolio Value
- $309.8M (Q4 2025)
- SEC Filing
- 0002009419-26-000001 ↗ filed Jan 22, 2026
Holdings Value
Holdings 198 stocks · $309.8M
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 15.22% | 156,527 | $47.2M | Add +1.2% |
| VOO Vanguard S&P 500 ETF | 11.98% | 58,303 | $37.1M | Add +0.8% |
| VEA Vanguard Ftse Developed ETF | 8.53% | 407,057 | $26.4M | Add +1.1% |
| SCZ iShares MSCI Eafe Small-Cap | 8.45% | 325,320 | $26.2M | Add +1.9% |
| MUB iShares National Muni Bond E | 7.77% | 223,423 | $24.1M | Reduce -10.4% |
| VCSH Vanguard S/T Corp. Bond ETF | 6.71% | 260,660 | $20.8M | Add +0.6% |
| BND Vanguard Total Bond Market | 5.86% | 244,100 | $18.1M | Add +1.0% |
| VWO Vanguard Ftse Emerging Marke | 5.75% | 316,272 | $17.8M | Add +1.8% |
| VB Vanguard Most SM-Cap ETF-Usd | 4.13% | 46,422 | $12.8M | Reduce -0.3% |
| VNQ Vanguard Real Estate ETF | 2.94% | 99,490 | $9.1M | Add +0.1% |
| BNDX Vanguard Total Intl Bond ETF | 2.36% | 150,520 | $7.3M | Reduce -2.9% |
| IVV iShares Core S&P 500 ETF | 1.82% | 8,128 | $5.7M | No change |
| SUSA iShares ESG Optimized MSCI U | 1.72% | 37,505 | $5.3M | Add +0.3% |
| VTEB Vanguard Tax-Exempt Bond ETF | 1.68% | 102,548 | $5.2M | Add +418.3% |
| VTI VG Morningstar TS MKT ETF-US | 1.49% | 13,456 | $4.6M | Reduce -0.6% |
| SUSB iShares ESG Aware 1-5 Year U | 1.22% | 149,407 | $3.8M | Add +1.3% |
| EAGG iShares ESG Aware US Aggrega | 1.11% | 71,711 | $3.4M | Add +6.5% |
| VSS Vanguard Ftse All Wo X-US SC | 1.10% | 22,833 | $3.4M | Reduce -0.5% |
| AMZN Amazon.com Inc. | 1.05% | 13,688 | $3.3M | Reduce -9.5% |
| VSGX Vanguard ESG Intl Stock ETF | 1.03% | 42,626 | $3.2M | Add +0.5% |
| IWB iShares Russell 1000 ETF | 1.02% | 8,296 | $3.1M | No change |
| VNQI Vanguard GLBL Ex-US Real Est | 0.76% | 49,586 | $2.3M | Add +4.6% |
| ESGE iShares Inc. iShares ESG Awar | 0.69% | 45,930 | $2.2M | Add +0.6% |
| NVDA Nvidia Corp. | 0.54% | 9,018 | $1.7M | Reduce -5.7% |
| MSFT Microsoft Corp. | 0.45% | 3,021 | $1.4M | Reduce -4.3% |
| 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% | 14,204 | $1.3M | Reduce -0.1% |
| MDY State Street SPDR S&P Midcap | 0.42% | 2,019 | $1.3M | No change |
| IAGG iShares Intl Aggregate Bond | 0.38% | 23,617 | $1.2M | Add +55.8% |
| EEM iShares MSCI Emerging Market | 0.38% | 20,056 | $1.2M | Add +0.2% |
| IGSB iShares 1-5Y Inv Grade Corp. | 0.35% | 20,236 | $1.1M | Add +17.6% |
| COST Costco Wholesale Corp. | 0.31% | 1,002 | $958K | Add +0.2% |
| IWR iShares Russell Mid-Cap ETF | 0.22% | 6,756 | $683K | Reduce -0.4% |
| NFLX Netflix Inc. | 0.17% | 6,070 | $534K | No change |
| AAPL Apple Inc. | 0.13% | 1,573 | $406K | Reduce -0.3% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.11% | 675 | $333K | No change |
| IYR iShares US Real Estate ETF | 0.09% | 2,751 | $267K | Add +55.6% |
| NTES Netease Inc.-ADR | 0.08% | 1,778 | $242K | Reduce -1.3% |
| GOOG Alphabet Inc. Class C | 0.08% | 700 | $233K | Reduce -27.7% |
| CAT Caterpillar Inc. | 0.06% | 298 | $193K | Reduce -13.9% |
| PLTR Palantir Technologies Inc. Class A | 0.05% | 883 | $156K | Reduce -10.5% |
| IYF iShares US Financials ETF | 0.05% | 1,200 | $156K | No change |
| RWX State Street SPDR Dow Jones | 0.04% | 4,833 | $139K | Add +2.1% |
| INTC Intel Corp. | 0.03% | 2,230 | $108K | Reduce -3.4% |
| ADP Automatic Data Processing | 0.03% | 400 | $104K | No change |
| TSLA Tesla Inc. | 0.03% | 232 | $102K | Reduce -0.4% |
| VEU Vanguard Ftse All-World Ex-U | 0.03% | 1,240 | $95K | No change |
| AMD Advanced Micro Devices | 0.03% | 400 | $91K | No change |
| BABA Alibaba Group Holding-SP ADR | 0.03% | 469 | $80K | No change |
| BA The Boeing Co. | 0.03% | 317 | $78K | Add +0.3% |
| NUEM Nuveen ESG Emerging Markets | 0.02% | 1,968 | $74K | Reduce -9.1% |
| BKNG Booking Holdings Inc. | 0.02% | 14 | $73K | No change |
| IJR iShares Core S&P Small-Cap E | 0.02% | 533 | $69K | No change |
| META Meta Platforms Inc. Class A | 0.02% | 110 | $68K | Reduce -32.5% |
| AVB Avalonbay Communities Inc. | 0.02% | 369 | $67K | No change |
| QQQ Invesco QQQ Trust Series 1 | 0.02% | 103 | $64K | No change |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.02% | 129 | $63K | No change |
| JPM JPMorgan Chase & Co. | 0.02% | 202 | $62K | Reduce -2.9% |
| SBUX Starbucks Corp. | 0.02% | 668 | $62K | Add +0.6% |
| IWF iShares Russell 1000 Growth | 0.02% | 126 | $59K | No change |
| RTX RTX Corp. | 0.02% | 295 | $59K | No change |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.02% | 283 | $56K | No change |
| IWD iShares Russell 1000 Value E | 0.02% | 256 | $56K | Reduce -0.4% |
| ESS Essex Property Trust Inc. | 0.02% | 221 | $56K | No change |
| VMRK Vivmark Residential filed as EQUITY RESIDENTIAL | 0.02% | 890 | $54K | No change |
| RIVN Rivian Automotive Inc. Class A | 0.02% | 2,861 | $49K | No change |
| GBTC Grayscale Bitcoin Trust ETF | 0.02% | 640 | $48K | Add +0.5% |
| GD General Dynamics Corp. | 0.01% | 122 | $45K | No change |
| SHY iShares 1-3 Year Treasury Bo | 0.01% | 464 | $38K | Add +22.8% |
| VOOG Vanguard S&P 500 Growth ETF | 0.01% | 84 | $37K | No change |
| IJK iShares S&P Mid-Cap 400 Grow | 0.01% | 347 | $36K | Reduce -1.4% |
| IJJ iShares S&P Mid-Cap 400 Valu | 0.01% | 256 | $36K | Reduce -0.8% |
| JNJ Johnson & Johnson | 0.01% | 160 | $35K | Reduce -0.6% |
| JEPQ JPM Nasdaq Equity Premium filed as J P MORGAN EXCHANGE TRADED F | 0.01% | 546 | $32K | Reduce -47.8% |
| IWO iShares Russell 2000 Growth | 0.01% | 91 | $32K | No change |
| AGG iShares Core U.S. Aggregate | 0.01% | 311 | $31K | Add +0.7% |
| VRT Vertiv Holdings Co. Class A | 0.01% | 180 | $31K | Add +12.5% |
| IWN iShares Russell 2000 Value E | 0.01% | 157 | $31K | No change |
| CCJ Cameco Corp. | 0.01% | 250 | $28K | No change |
| OKLO Oklo Inc. | 0.01% | 300 | $27K | No change |
| MA Mastercard Inc. Class A | 0.01% | 50 | $27K | Reduce -50.0% |
| CVX Chevron Corp. | 0.01% | 148 | $25K | No change |
| ABBV Abbvie Inc. | 0.01% | 113 | $24K | Reduce -46.2% |
| IVT Inventrust Properties Corp. | 0.01% | 837 | $24K | Add +0.8% |
| BOX Box Inc. Class A | 0.01% | 867 | $23K | Reduce -0.5% |
| VTWV Vanguard Russell 2000 Value | 0.01% | 126 | $22K | No change |
| HDV iShares Core High Dividend E | 0.01% | 155 | $20K | Add +1.3% |
| KTOS Kratos Defense & Security | 0.01% | 150 | $19K | Add +50.0% |
| WMT Walmart Inc. | 0.01% | 151 | $18K | Reduce -12.7% |
| APLD Applied Digital Corp. | 0.01% | 500 | $18K | New |
| UEC Uranium Energy Corp. | 0.01% | 900 | $16K | New |
| EA Electronic Arts Inc. | 0.01% | 76 | $16K | No change |
| SDY SS SPDR S&P Dividend ETF | 0.00% | 103 | $15K | Add +1.0% |
| KR Kroger Co. | 0.00% | 224 | $14K | Reduce -5.1% |
| QQQM Invesco Nasdaq 100 ETF | 0.00% | 52 | $13K | Add +2.0% |
| MCD McDonald's Corp. | 0.00% | 40 | $12K | Reduce -31.0% |
| TRMB Trimble Inc. | 0.00% | 154 | $12K | Add +1.3% |
| SMR Nuscale Power Corp. | 0.00% | 600 | $11K | Add +100.0% |
| TEM Tempus AI Inc. Class A | 0.00% | 158 | $11K | No change |
| ALK Alaska Air Group Inc. | 0.00% | 202 | $10K | Add +2.0% |
Other holdings (1): bonds, preferreds, convertibles and warrants · $2K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A | 25 | $2K | Add +13.6% |
Total filed on the 13F, all lines: $309.8M.
Portfolio Sells Q3 2025 → Q4 2025
| MUB iShares National Muni Bond E | Reduce -10.4% | 7.77% | −1.21 |
| BNDX Vanguard Total Intl Bond ETF | Reduce -2.9% | 2.36% | −0.23 |
| MSFT Microsoft Corp. | Reduce -4.3% | 0.45% | −0.10 |
| AMZN Amazon.com Inc. | Reduce -9.5% | 1.05% | −0.07 |
| NVDA Nvidia Corp. | Reduce -5.7% | 0.54% | −0.04 |
| META Meta Platforms Inc. Class A | Reduce -32.5% | 0.02% | −0.02 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -0.6% | 1.49% | −0.01 |
| NTES Netease Inc.-ADR | Reduce -1.3% | 0.08% | −0.01 |
| MA Mastercard Inc. Class A | Reduce -50.0% | 0.01% | −0.01 |
| JEPQ JPM Nasdaq Equity Premium | Reduce -47.8% | 0.01% | −0.01 |
| PLTR Palantir Technologies Inc. Class A | Reduce -10.5% | 0.05% | −0.01 |
| ITW Illinois Tool Works | Sold out | 0.00% | −0.01 |
| ABBV Abbvie Inc. | Reduce -46.2% | 0.01% | −0.01 |
| AAPL Apple Inc. | Reduce -0.3% | 0.13% | −0.01 |
| GOOG Alphabet Inc. Class C | Reduce -27.7% | 0.08% | −0.01 |
| PHAT Phathom Pharmaceuticals Inc. | Sold out | 0.00% | −0.00 |
| NTRS Northern Trust Corp. | Sold out | 0.00% | −0.00 |
| UL Unilever PLC | Sold out | 0.00% | −0.00 |
| SGOV iShares 0-3 Month Treasury B | Sold out | 0.00% | −0.00 |
| SNY Sanofi-ADR | Sold out | 0.00% | −0.00 |
| BCI Abrdn Bloomberg All Commodit | Reduce -89.3% | 0.00% | −0.00 |
| MRK Merck & Co. Inc. | Reduce -95.2% | 0.00% | −0.00 |
| CROX Crocs Inc. | Sold out | 0.00% | −0.00 |
| NUEM Nuveen ESG Emerging Markets | Reduce -9.1% | 0.02% | −0.00 |
| RC Ready Capital Corp. | Reduce -64.9% | 0.00% | −0.00 |
| BOX Box Inc. Class A | Reduce -0.5% | 0.01% | −0.00 |
| SHEL Shell PLC-ADR | Sold out | 0.00% | −0.00 |
| MCD McDonald's Corp. | Reduce -31.0% | 0.00% | −0.00 |
| ARM Arm Holdings PLC-ADR | Reduce -3.9% | 0.00% | −0.00 |
| XOM Exxon Mobil Corp. | Sold out | 0.00% | −0.00 |
| PFE Pfizer Inc. | Reduce -90.6% | 0.00% | −0.00 |
| TSLA Tesla Inc. | Reduce -0.4% | 0.03% | −0.00 |
| BALL Ball Corp. | Sold out | 0.00% | −0.00 |
| VMC Vulcan Materials Co. | Sold out | 0.00% | −0.00 |
| TGT Target Corp. | Sold out | 0.00% | −0.00 |
| GE General Electric | Reduce -45.2% | 0.00% | −0.00 |
| USRT iShares Core US REIT ETF | Reduce -94.7% | 0.00% | −0.00 |
| WLYB Wiley (john) & Sons Class B | Sold out | 0.00% | −0.00 |
| DIS The Walt Disney Co. | Reduce -55.6% | 0.00% | −0.00 |
| LWAY Lifeway Foods Inc. | Sold out | 0.00% | −0.00 |
| VCIT Vanguard Int-Term Corporate | Reduce -96.9% | 0.00% | −0.00 |
| KR Kroger Co. | Reduce -5.1% | 0.00% | −0.00 |
| VMBS Vanguard Mortgage-Backed Sec | Reduce -96.2% | 0.00% | −0.00 |
| ERIC Ericsson (lm) Tel-SP ADR | Sold out | 0.00% | −0.00 |
| SONY Sony Group Corp. - SP ADR | Reduce -4.1% | 0.00% | −0.00 |
| GOOGL Alphabet Inc. Class A | Reduce -85.7% | 0.00% | −0.00 |
| GEV GE Vernova Inc. | Reduce -42.9% | 0.00% | −0.00 |
| HD Home Depot Inc. | Reduce -17.6% | 0.00% | −0.00 |
| USHY iShares Broad Usd High Yield | Reduce -92.7% | 0.00% | −0.00 |
| JPM JPMorgan Chase & Co. | Reduce -2.9% | 0.02% | −0.00 |
Portfolio Buys Q3 2025 → Q4 2025
| VTEB Vanguard Tax-Exempt Bond ETF | Add +418.3% | 1.68% | +1.34 |
| VEA Vanguard Ftse Developed ETF | Add +1.1% | 8.53% | +0.35 |
| SCZ iShares MSCI Eafe Small-Cap | Add +1.9% | 8.45% | +0.29 |
| IAGG iShares Intl Aggregate Bond | Add +55.8% | 0.38% | +0.12 |
| VWO Vanguard Ftse Emerging Marke | Add +1.8% | 5.75% | +0.08 |
| IGSB iShares 1-5Y Inv Grade Corp. | Add +17.6% | 0.35% | +0.04 |
| VOO Vanguard S&P 500 ETF | Add +0.8% | 11.98% | +0.03 |
| IYR iShares US Real Estate ETF | Add +55.6% | 0.09% | +0.03 |
| VSGX Vanguard ESG Intl Stock ETF | Add +0.5% | 1.03% | +0.03 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Add +1.2% | 15.22% | +0.02 |
| ESGE iShares Inc. iShares ESG Awar | Add +0.6% | 0.69% | +0.02 |
| EAGG iShares ESG Aware US Aggrega | Add +6.5% | 1.11% | +0.02 |
| EEM iShares MSCI Emerging Market | Add +0.2% | 0.38% | +0.01 |
| APLD Applied Digital Corp. | New | 0.01% | +0.01 |
| UEC Uranium Energy Corp. | New | 0.01% | +0.01 |
| KTOS Kratos Defense & Security | Add +50.0% | 0.01% | +0.00 |
| NXE Nexgen Energy Ltd. | New | 0.00% | +0.00 |
| AVAV Aerovironment Inc. | New | 0.00% | +0.00 |
| BA The Boeing Co. | Add +0.3% | 0.03% | +0.00 |
| SHY iShares 1-3 Year Treasury Bo | Add +22.8% | 0.01% | +0.00 |
| LPTH Lightpath Technologies Inc. Class A | New | 0.00% | +0.00 |
| ONDS Ondas Inc. | New | 0.00% | +0.00 |
| SBUX Starbucks Corp. | Add +0.6% | 0.02% | +0.00 |
| VRT Vertiv Holdings Co. Class A | Add +12.5% | 0.01% | +0.00 |
| RWX State Street SPDR Dow Jones | Add +2.1% | 0.04% | +0.00 |
| ARE Alexandria Real Estate Equit | Add +525.0% | 0.00% | +0.00 |
| F Ford Motor Co. | Add +7.2% | 0.00% | +0.00 |
| SUSA iShares ESG Optimized MSCI U | Add +0.3% | 1.72% | +0.00 |
| HDV iShares Core High Dividend E | Add +1.3% | 0.01% | +0.00 |
| SDY SS SPDR S&P Dividend ETF | Add +1.0% | 0.00% | +0.00 |
| ALK Alaska Air Group Inc. | Add +2.0% | 0.00% | 0.00 |
| ABEV Ambev SA-ADR | Add +3.2% | 0.00% | 0.00 |
| ICLN iShares Global Clean Energy | Add +0.8% | 0.00% | 0.00 |
| PCOR Procore Technologies Inc. | Add +13.6% | 0.00% | 0.00 |
| SYM Symbotic Inc. | Add +15.0% | 0.00% | 0.00 |
| BBAI Bigbear.ai Holdings Inc. | Add +7.5% | 0.00% | −0.00 |
| BMNR Bitmine Immersion Technologi | Add +66.7% | 0.00% | −0.00 |
| AI C3.AI Inc. Class A | Add +9.3% | 0.00% | −0.00 |
| QQQM Invesco Nasdaq 100 ETF | Add +2.0% | 0.00% | −0.00 |
| S Sentinelone Inc. Class A | Add +9.2% | 0.00% | −0.00 |
| SMCI Super Micro Computer Inc. | Add +26.7% | 0.00% | −0.00 |
| TRMB Trimble Inc. | Add +1.3% | 0.00% | −0.00 |
| PATH Uipath Inc. Class A | Add +4.7% | 0.00% | −0.00 |
| IVT Inventrust Properties Corp. | Add +0.8% | 0.01% | −0.00 |
| SMR Nuscale Power Corp. | Add +100.0% | 0.00% | −0.00 |
| AGG iShares Core U.S. Aggregate | Add +0.7% | 0.01% | −0.00 |
| VNQI Vanguard GLBL Ex-US Real Est | Add +4.6% | 0.76% | −0.00 |
| GBTC Grayscale Bitcoin Trust ETF | Add +0.5% | 0.02% | −0.00 |
| COST Costco Wholesale Corp. | Add +0.2% | 0.31% | −0.00 |
| SUSB iShares ESG Aware 1-5 Year U | Add +1.3% | 1.22% | −0.03 |
Notes & Other Activity Q3 2025 → Q4 2025
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A | Add +13.6% | 25 | $2K |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 212 | $345.2M | VO, VOO, SUB, VEA, SCZ |
| Q1 2026 | 196 | $332.6M | VO, VOO, VEA, SCZ, SUB |
| Q4 2025 | 198 | $309.8M | VO, VOO, VEA, SCZ, MUB |
| Q3 2025 | 322 | $298.6M | VO, VOO, MUB, VEA, SCZ |
| Q2 2025 | 181 | $279.1M | VO, VOO, SCZ, MUB, VEA |
| Q1 2025 | 343 | $258.7M | VO, VOO, MUB, SCZ, VEA |
| Q4 2024 | 174 | $256.9M | VO, VOO, MUB, VCSH, SCZ |
| Q3 2024 | 175 | $253.3M | VO, VOO, MUB, VCSH, SCZ |
| Q2 2024 | 182 | $245.8M | VO, VOO, MUB, VCSH, SCZ |
| Q1 2024 | 224 | $232.0M | VO, VOO, MUB, VCSH, SCZ |