Bellevue Asset Management, LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 23, 2025), Bellevue Asset Management, LLC reported 472 stock positions worth $205.5 million. Its top holding was Microsoft (MSFT) at 33.5% of the portfolio, followed by Apple (AAPL, 5.6%) and Cap Group Growth Equity (CGGR, 5.2%). Compared with Q1 2025, it opened 16 new positions, sold out of 21, added to 128 and reduced 58. The biggest buy was a new position in TCW Flexible Income ETF (FLXR) and the biggest sale First Trust Smith Opportunis (FIXD, shares −93%).
- Most Recent 13F
- Q2 2026
- Location
- BELLEVUE, WA
- CIK
- 0001801619
- Portfolio Value
- $205.5M (Q2 2025)
- SEC Filing
- 0001801619-25-000004 ↗ filed Jul 23, 2025
Holdings Value
Holdings 472 stocks · $205.5M
| MSFT Microsoft Corp. | 33.46% | 138,211 | $68.7M | Reduce -1.0% |
| AAPL Apple Inc. | 5.60% | 56,068 | $11.5M | Reduce -0.6% |
| CGGR Cap Group Growth Equity | 5.17% | 261,199 | $10.6M | Reduce -0.6% |
| RDVY First Trust Rising Dividend | 4.83% | 158,273 | $9.9M | Reduce -0.2% |
| LMBS First Trust Low Duration Opp | 4.24% | 176,778 | $8.7M | Add +1.8% |
| COST Costco Wholesale Corp. | 3.24% | 6,720 | $6.7M | Reduce -0.3% |
| DYNF Ishrs US E F R A ETF-Usd Inc. | 2.48% | 93,599 | $5.1M | Add +0.5% |
| AMZN Amazon.com Inc. | 2.22% | 20,801 | $4.6M | Reduce -0.7% |
| JIRE JPMorgan Int Res Enh Eqty | 2.10% | 60,864 | $4.3M | Reduce -1.2% |
| VGT Vanguard Info Tech ETF | 2.07% | 6,425 | $4.3M | Reduce -0.7% |
| FLXR TCW Flexible Income ETF | 1.97% | 102,568 | $4.0M | New |
| JSCP JPMorgan Short Duration Core | 1.96% | 84,916 | $4.0M | New |
| SBUX Starbucks Corp. | 1.87% | 41,979 | $3.8M | Reduce -0.5% |
| TEK iShares Technology Opp A ETF | 1.55% | 112,842 | $3.2M | Add +0.5% |
| JEPI JPMorgan Equity Premium Inco | 1.51% | 54,401 | $3.1M | Reduce -0.2% |
| FNX First Trust Mid Cap Core Alp | 1.32% | 23,690 | $2.7M | Reduce -1.6% |
| FTSM First Trust Enh Short Mat FD | 1.15% | 39,497 | $2.4M | Add +7.0% |
| PWRD TCW Transform Systems ETF | 1.09% | 24,768 | $2.2M | Reduce -0.2% |
| JEPQ JPM Nasdaq Equity Premium filed as J P MORGAN EXCHANGE TRADED F | 1.05% | 39,521 | $2.1M | Reduce -0.2% |
| ABT Abbott Laboratories | 0.89% | 13,477 | $1.8M | Add +0.0% |
| GOOGL Alphabet Inc. Class A | 0.81% | 9,424 | $1.7M | Reduce -0.2% |
| AMGN Amgen Inc. | 0.69% | 5,076 | $1.4M | No change |
| VCR Vanguard Consumer Discre ETF | 0.65% | 3,660 | $1.3M | Add +0.0% |
| GOOG Alphabet Inc. Class C | 0.63% | 7,344 | $1.3M | No change |
| NVDA Nvidia Corp. | 0.53% | 6,840 | $1.1M | No change |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.52% | 1,736 | $1.1M | Reduce -0.1% |
| WRB WR Berkley Corp. filed as BERKLEY W R CORP | 0.48% | 13,516 | $993K | No change |
| JPM JPMorgan Chase & Co. | 0.48% | 3,416 | $991K | Add +0.3% |
| VHT Vanguard Health Care ETF | 0.46% | 3,798 | $943K | No change |
| SCHD Schwab US DVD Equity ETF | 0.43% | 33,109 | $877K | Add +1.2% |
| SCHG Schwab US Large-Cap Growth | 0.42% | 29,347 | $857K | Add +0.9% |
| FIXD First Trust Smith Opportunis | 0.35% | 16,603 | $729K | Reduce -92.8% |
| VTI VG Morningstar TS MKT ETF-US | 0.35% | 2,349 | $714K | Add +3.5% |
| CSCO Cisco Systems Inc. | 0.34% | 10,175 | $706K | Reduce -0.9% |
| FNDB Schwab Fndmntl US BRD Mr ETF | 0.33% | 28,555 | $685K | No change |
| V Visa Inc. Class A | 0.31% | 1,765 | $627K | No change |
| BRK.B Berkshire Hathaway Inc. Class B | 0.30% | 1,273 | $618K | No change |
| ADBE Adobe Inc. | 0.29% | 1,539 | $595K | Reduce -8.9% |
| HD Home Depot Inc. | 0.28% | 1,575 | $578K | Add +0.2% |
| DVY iShares Select Dividend ETF | 0.27% | 4,214 | $560K | Add +0.3% |
| JPUS JPMorgan Div Ret US Eq ETF | 0.26% | 4,540 | $537K | Reduce -2.2% |
| LRCX Lam Research Corp. | 0.24% | 4,990 | $486K | No change |
| FVD First Trust Value Line DVD | 0.24% | 10,846 | $485K | Reduce -3.1% |
| INTC Intel Corp. | 0.23% | 21,248 | $476K | No change |
| LLY Eli Lilly & Co. | 0.22% | 572 | $446K | Add +0.9% |
| AVGO Broadcom Inc. | 0.22% | 1,605 | $442K | Add +838.6% |
| NFLX Netflix Inc. | 0.21% | 325 | $435K | No change |
| SCHX Schwab US Large-Cap ETF | 0.21% | 17,790 | $435K | Add +0.0% |
| TSLA Tesla Inc. | 0.21% | 1,342 | $426K | No change |
| PM Philip Morris International | 0.20% | 2,279 | $415K | Add +0.0% |
| KLAC KLA Corp. | 0.20% | 455 | $408K | No change |
| LUV Southwest Airlines Co. | 0.19% | 12,200 | $396K | No change |
| PG The Procter & Gamble Co. | 0.19% | 2,452 | $391K | Add +0.1% |
| IYF iShares US Financials ETF | 0.18% | 2,979 | $360K | Add +0.0% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.17% | 7,575 | $358K | Add +0.1% |
| PCAR Paccar Inc. | 0.16% | 3,478 | $331K | Add +10.2% |
| FXR First Trust Indst/Producers | 0.15% | 4,042 | $300K | No change |
| PEP Pepsico Inc. | 0.13% | 2,062 | $272K | Add +0.4% |
| ORCL Oracle Corp. | 0.13% | 1,221 | $267K | Reduce -10.6% |
| DINT Davis Select International | 0.13% | 10,311 | $267K | Reduce -10.5% |
| FISV Fiserv Inc. | 0.13% | 1,540 | $266K | No change |
| JPIN JPM Diversified Ret Intl Eq filed as J P MORGAN EXCHANGE TRADED F | 0.13% | 4,047 | $260K | Add +10.0% |
| QLV NT US Qual Lowvol ETF | 0.12% | 3,617 | $246K | Add +0.8% |
| JNJ Johnson & Johnson | 0.12% | 1,560 | $238K | Add +0.3% |
| VOO Vanguard S&P 500 ETF | 0.11% | 414 | $236K | Add +9.5% |
| VYM Vanguard High DVD Yield ETF | 0.11% | 1,756 | $234K | Add +0.2% |
| NKE Nike Inc. Class B | 0.11% | 3,280 | $233K | No change |
| PPA Invesco Aerospace & Defense | 0.11% | 1,633 | $231K | Add +0.1% |
| IWR iShares Russell Mid-Cap ETF | 0.11% | 2,466 | $227K | Add +3.4% |
| KO The Coca-Cola Co. | 0.11% | 3,103 | $220K | Add +0.4% |
| MO Altria Group Inc. | 0.11% | 3,738 | $219K | Add +1.6% |
| BMY Bristol-Myers Squibb Co. | 0.10% | 4,577 | $212K | Reduce -2.0% |
| TSBK Timberland Bancorp Inc. | 0.10% | 6,400 | $200K | No change |
| FNDA Schwab Fndmntl US SM Co. ETF | 0.09% | 6,741 | $193K | Reduce -0.4% |
| MDLZ Mondelez International Inc. Class A | 0.09% | 2,837 | $191K | No change |
| CVX Chevron Corp. | 0.09% | 1,285 | $184K | Add +0.6% |
| META Meta Platforms Inc. Class A | 0.09% | 248 | $183K | No change |
| FDX FedEx Corp. | 0.09% | 803 | $183K | Add +0.1% |
| IVV iShares Core S&P 500 ETF | 0.09% | 290 | $180K | Reduce -4.0% |
| FDL First Trust Morn DVD Lead Inc. | 0.08% | 4,097 | $172K | Add +0.0% |
| BA The Boeing Co. | 0.08% | 814 | $171K | Reduce -13.8% |
| QCOM Qualcomm Inc. | 0.08% | 1,066 | $170K | Add +0.1% |
| DFUV Dimensional US Marketwide Va | 0.08% | 3,743 | $158K | New |
| XLK SS Technology Select Sector | 0.08% | 620 | $157K | No change |
| AIVL Wisdomtree US AI Enhanced Va | 0.08% | 1,366 | $154K | Add +0.1% |
| ITA iShares U.S. Aerospace & Def | 0.07% | 806 | $152K | No change |
| MCD McDonald's Corp. | 0.07% | 520 | $152K | No change |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.07% | 1,208 | $150K | No change |
| PTF Invesco Dorsey Wright Tech | 0.07% | 2,103 | $144K | No change |
| NOK Nokia Corp.-Spon ADR | 0.07% | 27,047 | $140K | No change |
| EXR Extra Space Storage Inc. | 0.07% | 942 | $139K | Add +0.1% |
| MA Mastercard Inc. Class A | 0.07% | 238 | $134K | No change |
| DFSU Dimensional US Sus CORE1 ETF | 0.06% | 3,292 | $129K | Add +0.2% |
| VIG Vanguard Dividend Apprec ETF | 0.06% | 631 | $129K | Add +0.2% |
| ADPT Adaptive Biotechnologies | 0.06% | 10,335 | $120K | No change |
| EMR Emerson Electric Co. | 0.06% | 900 | $120K | No change |
| FXG First Trust Consumer Staples | 0.06% | 1,895 | $120K | Add +0.2% |
| AMAT Applied Materials Inc. | 0.06% | 654 | $120K | No change |
| ICE Intercontinental Exchange Inc. | 0.06% | 650 | $119K | No change |
| PRN Invesco Dorsey Wright Indus | 0.06% | 746 | $117K | No change |
Portfolio Sells Q1 2025 → Q2 2025
| FIXD First Trust Smith Opportunis | Reduce -92.8% | 0.35% | −5.19 |
| AAPL Apple Inc. | Reduce -0.6% | 5.60% | −1.24 |
| SBUX Starbucks Corp. | Reduce -0.5% | 1.87% | −0.39 |
| UCON First Trust Smith Unconstrai | Sold out | 0.00% | −0.30 |
| COST Costco Wholesale Corp. | Reduce -0.3% | 3.24% | −0.24 |
| RDVY First Trust Rising Dividend | Reduce -0.2% | 4.83% | −0.23 |
| JEPI JPMorgan Equity Premium Inco | Reduce -0.2% | 1.51% | −0.19 |
| NBIS Nebius Group NV | Sold out | 0.00% | −0.12 |
| FNX First Trust Mid Cap Core Alp | Reduce -1.6% | 1.32% | −0.11 |
| JEPQ JPM Nasdaq Equity Premium | Reduce -0.2% | 1.05% | −0.07 |
| ADBE Adobe Inc. | Reduce -8.9% | 0.29% | −0.06 |
| BMY Bristol-Myers Squibb Co. | Reduce -2.0% | 0.10% | −0.05 |
| JWN Nordstrom Inc. | Sold out | 0.00% | −0.05 |
| JIRE JPMorgan Int Res Enh Eqty | Reduce -1.2% | 2.10% | −0.04 |
| FVD First Trust Value Line DVD | Reduce -3.1% | 0.24% | −0.04 |
| UNH Unitedhealth Group Inc. | Reduce -82.0% | 0.00% | −0.03 |
| JPUS JPMorgan Div Ret US Eq ETF | Reduce -2.2% | 0.26% | −0.03 |
| ARW Arrow Electronics Inc. | Sold out | 0.00% | −0.02 |
| GIS General Mills Inc. | Reduce -9.4% | 0.05% | −0.02 |
| DINT Davis Select International | Reduce -10.5% | 0.13% | −0.02 |
| BINC iShares Flex I A ETF-Usd Inc. | Reduce -36.2% | 0.00% | −0.01 |
| COLB Columbia Banking System Inc. | Reduce -9.7% | 0.03% | −0.01 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -0.1% | 0.52% | −0.01 |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | Sold out | 0.00% | −0.01 |
| FNDA Schwab Fndmntl US SM Co. ETF | Reduce -0.4% | 0.09% | −0.01 |
| ARCC Ares Capital Corp. | Reduce -9.6% | 0.03% | −0.01 |
| PGX Invesco Preferred ETF | Reduce -5.3% | 0.03% | −0.01 |
| BA The Boeing Co. | Reduce -13.8% | 0.08% | −0.00 |
| IVV iShares Core S&P 500 ETF | Reduce -4.0% | 0.09% | −0.00 |
| RQI Cohen & Steers Qual Inc. RLTY | Reduce -23.8% | 0.01% | −0.00 |
| EHI Western Asset Global High Inc. | Sold out | 0.00% | −0.00 |
| VXUS Vanguard Total Intl Stock | Reduce -26.3% | 0.01% | −0.00 |
| IWM iShares Russell 2000 ETF | Reduce -16.1% | 0.02% | −0.00 |
| DGRO iShares Core Dividend Growth | Reduce -8.4% | 0.02% | −0.00 |
| JHML John Hancock Multi Fact LRG | Reduce -6.9% | 0.03% | −0.00 |
| PXI Invesco Dorsey Wright Energy | Sold out | 0.00% | −0.00 |
| QUAL iShares MSCI USA Quality Fac | Reduce -7.9% | 0.02% | −0.00 |
| SCHO Schwab Short-Term US Treas | Reduce -3.6% | 0.02% | −0.00 |
| PUI Invesco Dorsey Wright Utilit | Reduce -12.2% | 0.01% | −0.00 |
| MDIV FT Multi-Asset Divers Inc. | Reduce -12.6% | 0.01% | −0.00 |
| XEMDX Western Asset Emrg MRKT DBT | Sold out | 0.00% | −0.00 |
| BECN Beacon Roofing Supply Inc. | Sold out | 0.00% | −0.00 |
| GNW Genworth Financial Inc. | Reduce -6.1% | 0.03% | −0.00 |
| CSCO Cisco Systems Inc. | Reduce -0.9% | 0.34% | −0.00 |
| PYZ Invesco Dorsey Wright Basic | Reduce -10.3% | 0.02% | −0.00 |
| TIP iShares Tips Bond ETF | Sold out | 0.00% | −0.00 |
| IVW iShares S&P 500 Growth ETF | Reduce -13.2% | 0.02% | −0.00 |
| KMX Carmax Inc. | Sold out | 0.00% | −0.00 |
| YYY Amplify Cef High Income ETF | Sold out | 0.00% | −0.00 |
| REXR Rexford Industrial Realty Inc. | Sold out | 0.00% | −0.00 |
Portfolio Buys Q1 2025 → Q2 2025
| FLXR TCW Flexible Income ETF | New | 1.97% | +1.97 |
| JSCP JPMorgan Short Duration Core | New | 1.96% | +1.96 |
| AVGO Broadcom Inc. | Add +838.6% | 0.22% | +0.20 |
| TEK iShares Technology Opp A ETF | Add +0.5% | 1.55% | +0.18 |
| DFUV Dimensional US Marketwide Va | New | 0.08% | +0.08 |
| MBB iShares MBS ETF | Add +2752.6% | 0.05% | +0.05 |
| JPM JPMorgan Chase & Co. | Add +0.3% | 0.48% | +0.03 |
| DFAI Dimensional International Co. | New | 0.02% | +0.02 |
| SCHG Schwab US Large-Cap Growth | Add +0.9% | 0.42% | +0.02 |
| VMBS Vanguard Mortgage-Backed Sec | New | 0.02% | +0.02 |
| JPIN JPM Diversified Ret Intl Eq | Add +10.0% | 0.13% | +0.01 |
| BNDX Vanguard Total Intl Bond ETF | New | 0.01% | +0.01 |
| DFAE Dimensional Emerging Core Eq | New | 0.01% | +0.01 |
| BND Vanguard Total Bond Market | New | 0.01% | +0.01 |
| PPA Invesco Aerospace & Defense | Add +0.1% | 0.11% | +0.01 |
| VOO Vanguard S&P 500 ETF | Add +9.5% | 0.11% | +0.01 |
| SCHE Schwab Emrg Mrkts Eqty ETF | Add +1230.2% | 0.01% | +0.01 |
| VTI VG Morningstar TS MKT ETF-US | Add +3.5% | 0.35% | +0.01 |
| PM Philip Morris International | Add +0.0% | 0.20% | +0.00 |
| VEA Vanguard Ftse Developed ETF | New | 0.00% | +0.00 |
| QQQM Invesco Nasdaq 100 ETF | New | 0.00% | +0.00 |
| DYNF Ishrs US E F R A ETF-Usd Inc. | Add +0.5% | 2.48% | +0.00 |
| GD General Dynamics Corp. | Add +113.6% | 0.01% | +0.00 |
| F Ford Motor Co. | Add +41.4% | 0.01% | +0.00 |
| IDEV iShares Core MSCI Dev MKTS | New | 0.00% | +0.00 |
| TXN Texas Instruments Inc. | Add +6.4% | 0.03% | +0.00 |
| BAC Bank of America Corp. | Add +0.1% | 0.17% | +0.00 |
| NOC Northrop Grumman Corp. | Add +20.0% | 0.02% | +0.00 |
| IBM Intl Business Machines Corp. | Add +1.0% | 0.01% | +0.00 |
| OKLO Oklo Inc. | New | 0.00% | +0.00 |
| QS Quantumscape Corp. | New | 0.00% | +0.00 |
| MU Micron Technology Inc. | Add +2.0% | 0.00% | +0.00 |
| ANET Arista Networks Inc. | New | 0.00% | +0.00 |
| LTBR Lightbridge Corp. | New | 0.00% | +0.00 |
| MCO Moody's Corp. | New | 0.00% | +0.00 |
| SCHW Schwab (charles) Corp. | Add +0.3% | 0.01% | +0.00 |
| AMTM Amentum Holdings Inc. | Add +5.9% | 0.00% | +0.00 |
| BN Brookfield Corp. | Add +4.6% | 0.00% | +0.00 |
| LPLA LPL Financial Holdings Inc. | Add +50.0% | 0.00% | +0.00 |
| FRSH Freshworks Inc. Class A | Add +29.2% | 0.00% | +0.00 |
| KKR KKR & Co. Inc. | Add +6.7% | 0.00% | +0.00 |
| SHOO Steven Madden Ltd. | Add +81.0% | 0.00% | +0.00 |
| VEEV Veeva Systems Inc. Class A | Add +8.3% | 0.00% | +0.00 |
| CFLT Confluent Inc. Class A | Add +21.6% | 0.00% | +0.00 |
| GLW Corning Inc. | Add +0.4% | 0.01% | +0.00 |
| FDD First Trust Stoxx Europe | Add +0.6% | 0.01% | +0.00 |
| TTAN Servicetitan Inc. Class A | Add +13.3% | 0.00% | +0.00 |
| VMC Vulcan Materials Co. | Add +9.5% | 0.00% | +0.00 |
| BIPC Brookfield Infrastructure-A | Add +3.1% | 0.00% | +0.00 |
| BEPC Brookfield Renewable Corp. | Add +4.9% | 0.00% | +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 |