Bellevue Asset Management, LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 28, 2025), Bellevue Asset Management, LLC reported 477 stock positions worth $183.3 million. Its top holding was Microsoft (MSFT) at 28.6% of the portfolio, followed by Apple (AAPL, 6.8%) and First Trust Smith Opportunis (FIXD, 5.5%). Compared with Q4 2024, it opened 20 new positions, sold out of 33, added to 107 and reduced 70. The biggest buy was Ishrs US E F R A ETF-Usd (DYNF, shares +14922%) and the biggest sale First Trust Mid Cap Core Alp (FNX, shares −66%).
- Most Recent 13F
- Q2 2026
- Location
- BELLEVUE, WA
- CIK
- 0001801619
- Portfolio Value
- $183.3M (Q1 2025)
- SEC Filing
- 0001801619-25-000002 ↗ filed Apr 28, 2025
Holdings Value
Holdings 477 stocks · $183.3M
| MSFT Microsoft Corp. | 28.60% | 139,644 | $52.4M | Reduce -1.5% |
| AAPL Apple Inc. | 6.83% | 56,396 | $12.5M | Reduce -0.9% |
| FIXD First Trust Smith Opportunis | 5.54% | 231,743 | $10.2M | Add +11.1% |
| RDVY First Trust Rising Dividend | 5.06% | 158,537 | $9.3M | Add +23.1% |
| CGGR Cap Group Growth Equity | 4.91% | 262,689 | $9.0M | Add +14.8% |
| LMBS First Trust Low Duration Opp | 4.66% | 173,647 | $8.5M | Add +6.4% |
| COST Costco Wholesale Corp. | 3.48% | 6,743 | $6.4M | Reduce -2.9% |
| DYNF Ishrs US E F R A ETF-Usd Inc. | 2.48% | 93,136 | $4.5M | Add +14921.9% |
| SBUX Starbucks Corp. | 2.26% | 42,189 | $4.1M | Reduce -27.0% |
| AMZN Amazon.com Inc. | 2.18% | 20,957 | $4.0M | Reduce -9.7% |
| JIRE JPMorgan Int Res Enh Eqty | 2.14% | 61,582 | $3.9M | Reduce -10.2% |
| VGT Vanguard Info Tech ETF | 1.91% | 6,467 | $3.5M | Add +1.3% |
| JEPI JPMorgan Equity Premium Inco | 1.70% | 54,513 | $3.1M | Add +1.8% |
| FNX First Trust Mid Cap Core Alp | 1.43% | 24,073 | $2.6M | Reduce -66.0% |
| TEK iShares Technology Opp A ETF | 1.37% | 112,284 | $2.5M | New |
| FTSM First Trust Enh Short Mat FD | 1.20% | 36,901 | $2.2M | Add +25.9% |
| JEPQ JPM Nasdaq Equity Premium filed as J P MORGAN EXCHANGE TRADED F | 1.12% | 39,586 | $2.0M | Reduce -0.6% |
| ABT Abbott Laboratories | 0.98% | 13,476 | $1.8M | Add +0.0% |
| PWRD TCW Transform Systems ETF | 0.94% | 24,811 | $1.7M | Add +18.6% |
| AMGN Amgen Inc. | 0.86% | 5,076 | $1.6M | No change |
| GOOGL Alphabet Inc. Class A | 0.80% | 9,439 | $1.5M | Reduce -0.6% |
| VCR Vanguard Consumer Discre ETF | 0.65% | 3,659 | $1.2M | Add +0.0% |
| GOOG Alphabet Inc. Class C | 0.63% | 7,344 | $1.1M | Reduce -0.9% |
| VHT Vanguard Health Care ETF | 0.55% | 3,798 | $1.0M | Add +0.0% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.53% | 1,738 | $973K | Reduce -5.8% |
| WRB WR Berkley Corp. filed as BERKLEY W R CORP | 0.52% | 13,516 | $962K | Reduce -0.9% |
| SCHD Schwab US DVD Equity ETF | 0.50% | 32,720 | $915K | Reduce -0.8% |
| JPM JPMorgan Chase & Co. | 0.46% | 3,405 | $835K | Reduce -36.9% |
| NVDA Nvidia Corp. | 0.40% | 6,840 | $741K | Add +18.5% |
| SCHG Schwab US Large-Cap Growth | 0.40% | 29,087 | $728K | Add +39.7% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.37% | 1,273 | $678K | No change |
| FNDB Schwab Fndmntl US BRD Mr ETF | 0.36% | 28,555 | $657K | Reduce -8.1% |
| ADBE Adobe Inc. | 0.35% | 1,689 | $648K | Reduce -31.4% |
| CSCO Cisco Systems Inc. | 0.35% | 10,273 | $634K | Reduce -8.8% |
| VTI VG Morningstar TS MKT ETF-US | 0.34% | 2,269 | $624K | Reduce -0.0% |
| V Visa Inc. Class A | 0.34% | 1,765 | $619K | Reduce -24.1% |
| HD Home Depot Inc. | 0.31% | 1,572 | $576K | Add +0.2% |
| DVY iShares Select Dividend ETF | 0.31% | 4,202 | $564K | Add +16.0% |
| UCON First Trust Smith Unconstrai | 0.30% | 22,567 | $559K | Reduce -44.9% |
| JPUS JPMorgan Div Ret US Eq ETF | 0.29% | 4,641 | $535K | Reduce -14.7% |
| FVD First Trust Value Line DVD | 0.27% | 11,192 | $499K | Reduce -0.2% |
| INTC Intel Corp. | 0.26% | 21,248 | $483K | No change |
| LLY Eli Lilly & Co. | 0.26% | 567 | $468K | No change |
| PG The Procter & Gamble Co. | 0.23% | 2,449 | $417K | Add +0.1% |
| LUV Southwest Airlines Co. | 0.22% | 12,200 | $410K | No change |
| SCHX Schwab US Large-Cap ETF | 0.21% | 17,786 | $393K | No change |
| LRCX Lam Research Corp. | 0.20% | 4,990 | $363K | No change |
| PM Philip Morris International | 0.20% | 2,278 | $362K | Add +0.0% |
| TSLA Tesla Inc. | 0.19% | 1,342 | $348K | Reduce -45.0% |
| FISV Fiserv Inc. | 0.19% | 1,540 | $340K | No change |
| IYF iShares US Financials ETF | 0.18% | 2,978 | $336K | Add +0.1% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.17% | 7,571 | $316K | Add +0.0% |
| KLAC KLA Corp. | 0.17% | 455 | $310K | No change |
| PEP Pepsico Inc. | 0.17% | 2,054 | $308K | Add +0.4% |
| PCAR Paccar Inc. | 0.17% | 3,156 | $307K | Add +0.0% |
| NFLX Netflix Inc. | 0.17% | 325 | $303K | Reduce -3.0% |
| BMY Bristol-Myers Squibb Co. | 0.16% | 4,672 | $285K | Reduce -4.0% |
| FXR First Trust Indst/Producers | 0.15% | 4,042 | $281K | Add +0.0% |
| DINT Davis Select International | 0.15% | 11,515 | $266K | Reduce -58.7% |
| JNJ Johnson & Johnson | 0.14% | 1,555 | $258K | Add +0.3% |
| QLV NT US Qual Lowvol ETF | 0.13% | 3,590 | $237K | Reduce -0.2% |
| VYM Vanguard High DVD Yield ETF | 0.12% | 1,753 | $226K | Add +0.1% |
| KO The Coca-Cola Co. | 0.12% | 3,092 | $222K | No change |
| MO Altria Group Inc. | 0.12% | 3,681 | $221K | Add +0.9% |
| CVX Chevron Corp. | 0.12% | 1,277 | $214K | Add +0.5% |
| NBIS Nebius Group NV | 0.12% | 10,000 | $211K | New |
| JPIN JPM Diversified Ret Intl Eq filed as J P MORGAN EXCHANGE TRADED F | 0.11% | 3,678 | $210K | Reduce -14.1% |
| NKE Nike Inc. Class B | 0.11% | 3,280 | $208K | Reduce -2.0% |
| IWR iShares Russell Mid-Cap ETF | 0.11% | 2,384 | $203K | Add +22.0% |
| FDX FedEx Corp. | 0.11% | 802 | $196K | No change |
| VOO Vanguard S&P 500 ETF | 0.11% | 378 | $194K | Add +133.3% |
| TSBK Timberland Bancorp Inc. | 0.11% | 6,400 | $193K | No change |
| MDLZ Mondelez International Inc. Class A | 0.10% | 2,837 | $192K | No change |
| ORCL Oracle Corp. | 0.10% | 1,366 | $191K | Reduce -5.2% |
| PPA Invesco Aerospace & Defense | 0.10% | 1,632 | $190K | No change |
| FNDA Schwab Fndmntl US SM Co. ETF | 0.10% | 6,768 | $185K | Add +18.9% |
| FDL First Trust Morn DVD Lead Inc. | 0.10% | 4,096 | $178K | Add +0.0% |
| IVV iShares Core S&P 500 ETF | 0.09% | 302 | $170K | No change |
| QCOM Qualcomm Inc. | 0.09% | 1,065 | $164K | No change |
| MCD McDonald's Corp. | 0.09% | 520 | $163K | No change |
| BA The Boeing Co. | 0.09% | 944 | $161K | Reduce -6.1% |
| AIVL Wisdomtree US AI Enhanced Va | 0.08% | 1,365 | $150K | No change |
| META Meta Platforms Inc. Class A | 0.08% | 248 | $143K | No change |
| NOK Nokia Corp.-Spon ADR | 0.08% | 27,047 | $143K | No change |
| EXR Extra Space Storage Inc. | 0.08% | 941 | $140K | Add +0.1% |
| MA Mastercard Inc. Class A | 0.07% | 238 | $131K | No change |
| XLK SS Technology Select Sector | 0.07% | 620 | $128K | No change |
| PTF Invesco Dorsey Wright Tech | 0.07% | 2,103 | $124K | No change |
| FXG First Trust Consumer Staples | 0.07% | 1,892 | $124K | Add +0.1% |
| ITA iShares U.S. Aerospace & Def | 0.07% | 806 | $123K | Add +0.1% |
| VIG Vanguard Dividend Apprec ETF | 0.07% | 630 | $122K | No change |
| GIS General Mills Inc. | 0.07% | 2,016 | $121K | Add +0.4% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.07% | 1,208 | $119K | No change |
| DFSU Dimensional US Sus CORE1 ETF | 0.06% | 3,284 | $118K | Add +0.2% |
| UPS United Parcel Service Class B | 0.06% | 1,054 | $116K | Add +0.3% |
| IYE iShares U.S. Energy ETF | 0.06% | 2,301 | $113K | Add +6.0% |
| LOW Lowe's Cos Inc. | 0.06% | 484 | $113K | No change |
| ICE Intercontinental Exchange Inc. | 0.06% | 650 | $112K | No change |
| TOTL SS Doubleline TR Tact ETF | 0.06% | 2,602 | $105K | Reduce -2.1% |
| PRN Invesco Dorsey Wright Indus | 0.06% | 746 | $103K | No change |
Portfolio Sells Q4 2024 → Q1 2025
| FNX First Trust Mid Cap Core Alp | Reduce -66.0% | 1.43% | −2.79 |
| MSFT Microsoft Corp. | Reduce -1.5% | 28.60% | −2.25 |
| PLTR Palantir Technologies Inc. Class A | Reduce -99.9% | 0.00% | −0.78 |
| AAPL Apple Inc. | Reduce -0.9% | 6.83% | −0.52 |
| SBUX Starbucks Corp. | Reduce -27.0% | 2.26% | −0.46 |
| AMZN Amazon.com Inc. | Reduce -9.7% | 2.18% | −0.45 |
| TSLA Tesla Inc. | Reduce -45.0% | 0.19% | −0.32 |
| UCON First Trust Smith Unconstrai | Reduce -44.9% | 0.30% | −0.22 |
| BABA Alibaba Group Holding-SP ADR | Reduce -98.0% | 0.01% | −0.22 |
| JPM JPMorgan Chase & Co. | Reduce -36.9% | 0.46% | −0.21 |
| ADBE Adobe Inc. | Reduce -31.4% | 0.35% | −0.21 |
| DINT Davis Select International | Reduce -58.7% | 0.15% | −0.17 |
| GOOGL Alphabet Inc. Class A | Reduce -0.6% | 0.80% | −0.13 |
| GOOG Alphabet Inc. Class C | Reduce -0.9% | 0.63% | −0.10 |
| DHR Danaher Corp. | Reduce -84.3% | 0.01% | −0.06 |
| V Visa Inc. Class A | Reduce -24.1% | 0.34% | −0.04 |
| JEPQ JPM Nasdaq Equity Premium | Reduce -0.6% | 1.12% | −0.04 |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | Reduce -85.2% | 0.01% | −0.04 |
| JPUS JPMorgan Div Ret US Eq ETF | Reduce -14.7% | 0.29% | −0.03 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -5.8% | 0.53% | −0.03 |
| TMO Thermo Fisher Scientific Inc. | Sold out | 0.00% | −0.03 |
| ORCL Oracle Corp. | Reduce -5.2% | 0.10% | −0.02 |
| NKE Nike Inc. Class B | Reduce -2.0% | 0.11% | −0.02 |
| FNDB Schwab Fndmntl US BRD Mr ETF | Reduce -8.1% | 0.36% | −0.01 |
| NCDL Nuveen Churchill Direct Lend | Sold out | 0.00% | −0.01 |
| IWS iShares Russell Mid-Cap Valu | Reduce -49.0% | 0.01% | −0.01 |
| NSA National Storage Affiliates | Reduce -70.0% | 0.01% | −0.01 |
| DOW Dow Inc. | Sold out | 0.00% | −0.01 |
| MBB iShares MBS ETF | Reduce -85.0% | 0.00% | −0.01 |
| TIP iShares Tips Bond ETF | Reduce -82.0% | 0.00% | −0.01 |
| EMN Eastman Chemical Co. | Sold out | 0.00% | −0.01 |
| XEMDX Western Asset Emrg MRKT DBT | Reduce -70.0% | 0.00% | −0.01 |
| ACN Accenture PLC Class A | Reduce -5.4% | 0.04% | −0.01 |
| SCZ iShares MSCI Eafe Small-Cap | Sold out | 0.00% | −0.01 |
| YYY Amplify Cef High Income ETF | Reduce -81.1% | 0.00% | −0.00 |
| COLB Columbia Banking System Inc. | Reduce -8.8% | 0.04% | −0.00 |
| IWP iShares Russell Mid-Cap Grow | Sold out | 0.00% | −0.00 |
| IWO iShares Russell 2000 Growth | Sold out | 0.00% | −0.00 |
| ALL Allstate Corp. | Sold out | 0.00% | −0.00 |
| EPD Enterprise Products Partners | Reduce -28.7% | 0.02% | −0.00 |
| BA The Boeing Co. | Reduce -6.1% | 0.09% | −0.00 |
| EMB iShares JP Morgan Usd Emergi | Reduce -88.0% | 0.00% | −0.00 |
| JPIN JPM Diversified Ret Intl Eq | Reduce -14.1% | 0.11% | −0.00 |
| FTV Fortive Corp. | Sold out | 0.00% | −0.00 |
| IWN iShares Russell 2000 Value E | Sold out | 0.00% | −0.00 |
| TRV The Travelers Cos Inc. | Sold out | 0.00% | −0.00 |
| PGX Invesco Preferred ETF | Reduce -10.9% | 0.03% | −0.00 |
| ACGL Arch Capital Group Ltd. | Reduce -70.1% | 0.00% | −0.00 |
| DGRO iShares Core Dividend Growth | Reduce -16.4% | 0.02% | −0.00 |
| NTAP Netapp Inc. | Sold out | 0.00% | −0.00 |
Portfolio Buys Q4 2024 → Q1 2025
| DYNF Ishrs US E F R A ETF-Usd Inc. | Add +14921.9% | 2.48% | +2.46 |
| TEK iShares Technology Opp A ETF | New | 1.37% | +1.37 |
| RDVY First Trust Rising Dividend | Add +23.1% | 5.06% | +1.13 |
| FIXD First Trust Smith Opportunis | Add +11.1% | 5.54% | +0.91 |
| LMBS First Trust Low Duration Opp | Add +6.4% | 4.66% | +0.56 |
| CGGR Cap Group Growth Equity | Add +14.8% | 4.91% | +0.52 |
| FTSM First Trust Enh Short Mat FD | Add +25.9% | 1.20% | +0.30 |
| ABT Abbott Laboratories | Add +0.0% | 0.98% | +0.19 |
| PWRD TCW Transform Systems ETF | Add +18.6% | 0.94% | +0.16 |
| NBIS Nebius Group NV | New | 0.12% | +0.12 |
| JEPI JPMorgan Equity Premium Inco | Add +1.8% | 1.70% | +0.11 |
| SCHG Schwab US Large-Cap Growth | Add +39.7% | 0.40% | +0.10 |
| DVY iShares Select Dividend ETF | Add +16.0% | 0.31% | +0.06 |
| VOO Vanguard S&P 500 ETF | Add +133.3% | 0.11% | +0.06 |
| PM Philip Morris International | Add +0.0% | 0.20% | +0.06 |
| VHT Vanguard Health Care ETF | Add +0.0% | 0.55% | +0.05 |
| QQQ Invesco QQQ Trust Series 1 | New | 0.04% | +0.04 |
| JNJ Johnson & Johnson | Add +0.3% | 0.14% | +0.02 |
| MO Altria Group Inc. | Add +0.9% | 0.12% | +0.02 |
| CVX Chevron Corp. | Add +0.5% | 0.12% | +0.02 |
| IWR iShares Russell Mid-Cap ETF | Add +22.0% | 0.11% | +0.02 |
| PG The Procter & Gamble Co. | Add +0.1% | 0.23% | +0.02 |
| FNDA Schwab Fndmntl US SM Co. ETF | Add +18.9% | 0.10% | +0.01 |
| IYF iShares US Financials ETF | Add +0.1% | 0.18% | +0.01 |
| FDL First Trust Morn DVD Lead Inc. | Add +0.0% | 0.10% | +0.01 |
| IYE iShares U.S. Energy ETF | Add +6.0% | 0.06% | +0.01 |
| VXUS Vanguard Total Intl Stock | Add +171.5% | 0.02% | +0.01 |
| GILD Gilead Sciences Inc. | Add +0.3% | 0.04% | +0.01 |
| BINC iShares Flex I A ETF-Usd Inc. | Add +36.2% | 0.01% | +0.01 |
| VYM Vanguard High DVD Yield ETF | Add +0.1% | 0.12% | +0.01 |
| PEP Pepsico Inc. | Add +0.4% | 0.17% | +0.01 |
| ITA iShares U.S. Aerospace & Def | Add +0.1% | 0.07% | +0.01 |
| DUK Duke Energy Corp. | Add +0.2% | 0.04% | +0.01 |
| FXG First Trust Consumer Staples | Add +0.1% | 0.07% | +0.00 |
| VPU Vanguard Utilities ETF | Add +0.2% | 0.05% | +0.00 |
| GBTC Grayscale Bitcoin Trust ETF | Add +400.0% | 0.01% | +0.00 |
| NVDA Nvidia Corp. | Add +18.5% | 0.40% | +0.00 |
| XOM Exxon Mobil Corp. | Add +0.5% | 0.03% | +0.00 |
| SPHD Invesco S&P 500 High Dividen | Add +0.5% | 0.04% | +0.00 |
| O Realty Income Corp. | Add +0.1% | 0.03% | +0.00 |
| EXR Extra Space Storage Inc. | Add +0.1% | 0.08% | +0.00 |
| WELL Welltower Inc. | Add +0.6% | 0.01% | +0.00 |
| WY Weyerhaeuser Co. | Add +0.2% | 0.03% | +0.00 |
| CL Colgate-Palmolive Co. | Add +0.1% | 0.04% | +0.00 |
| HSY The Hershey Co. | Add +0.2% | 0.04% | +0.00 |
| PXF Invesco Rafi Developed Marke | Add +0.6% | 0.02% | +0.00 |
| DDWM Wisdomtree DY Inter Eq FD-US | Add +0.1% | 0.02% | +0.00 |
| SPYD SS SPDR P S&P 500 Hi Div ETF | Add +1.0% | 0.02% | +0.00 |
| BIPC Brookfield Infrastructure-A | New | 0.00% | +0.00 |
| FDD First Trust Stoxx Europe | Add +0.2% | 0.01% | +0.00 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 578 | $216.7M | MSFT, AAPL, CGGR, RDVY, LMBS |
| Q1 2026 | 369 | $199.8M | MSFT, AAPL, CGGR, RDVY, LMBS |
| Q4 2025 | 489 | $309.3M | RDVY, MSFT, AAPL, CGGR, LMBS |
| Q3 2025 | 487 | $217.3M | MSFT, AAPL, CGGR, RDVY, LMBS |
| Q2 2025 | 472 | $205.5M | MSFT, AAPL, CGGR, RDVY, LMBS |
| Q1 2025 | 477 | $183.3M | MSFT, AAPL, FIXD, RDVY, CGGR |
| Q4 2024 | 489 | $193.7M | MSFT, AAPL, FIXD, CGGR, FNX |
| Q3 2024 | 459 | $194.7M | MSFT, AAPL, FIXD, LMBS, FNX |
| Q2 2024 | 462 | $181.1M | MSFT, AAPL, FIXD, FNX, CGGR |
| Q1 2024 | 457 | $176.2M | MSFT, AAPL, FIXD, FNX, CGGR |