Bellevue Asset Management, LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 23, 2026), Bellevue Asset Management, LLC reported 489 stock positions worth $309.3 million. Its top holding was First Trust Rising Dividend (RDVY) at 33.1% of the portfolio, followed by Microsoft (MSFT, 21.2%) and Apple (AAPL, 4.8%). Compared with Q3 2025, it opened 24 new positions, sold out of 22, added to 144 and reduced 58. The biggest buy was First Trust Rising Dividend (RDVY, shares +1%) and the biggest sale Microsoft (MSFT, shares −1%).
- Most Recent 13F
- Q2 2026
- Location
- BELLEVUE, WA
- CIK
- 0001801619
- Portfolio Value
- $309.3M (Q4 2025)
- SEC Filing
- 0001801619-26-000001 ↗ filed Jan 23, 2026
Holdings Value
Holdings 489 stocks · $309.3M
| RDVY First Trust Rising Dividend | 33.07% | 147,860 | $102.3M | Add +1.4% |
| MSFT Microsoft Corp. | 21.19% | 135,538 | $65.5M | Reduce -1.0% |
| AAPL Apple Inc. | 4.79% | 54,442 | $14.8M | Reduce -0.7% |
| CGGR Cap Group Growth Equity | 3.33% | 231,802 | $10.3M | Add +2.7% |
| LMBS First Trust Low Duration Opp | 3.09% | 191,267 | $9.6M | Reduce -0.7% |
| AMZN Amazon.com Inc. | 2.02% | 27,100 | $6.3M | Add +5.1% |
| COST Costco Wholesale Corp. | 1.86% | 6,680 | $5.8M | Reduce -0.1% |
| JIRE JPMorgan Int Res Enh Eqty | 1.81% | 74,581 | $5.6M | Add +3.6% |
| DYNF Ishrs US E F R A ETF-Usd Inc. | 1.64% | 83,290 | $5.1M | Add +0.2% |
| VGT Vanguard Info Tech ETF | 1.58% | 6,480 | $4.9M | Add +0.5% |
| FLXR TCW Flexible Income ETF | 1.47% | 114,516 | $4.5M | Add +1.2% |
| JSCP JPMorgan Short Duration Core | 1.43% | 93,160 | $4.4M | Reduce -0.3% |
| FTSM First Trust Enh Short Mat FD | 1.36% | 70,339 | $4.2M | Add +17.8% |
| SBUX Starbucks Corp. | 1.05% | 38,482 | $3.2M | Reduce -3.4% |
| JEPI JPMorgan Equity Premium Inco | 0.98% | 52,737 | $3.0M | Add +1.4% |
| GOOGL Alphabet Inc. Class A | 0.95% | 9,409 | $2.9M | No change |
| TEK iShares Technology Opp A ETF | 0.95% | 97,537 | $2.9M | Add +0.5% |
| FNX First Trust Mid Cap Core Alp | 0.87% | 21,388 | $2.7M | Add +1.7% |
| GOOG Alphabet Inc. Class C | 0.75% | 7,345 | $2.3M | No change |
| JEPQ JPM Nasdaq Equity Premium filed as J P MORGAN EXCHANGE TRADED F | 0.69% | 36,691 | $2.1M | Add +0.8% |
| PWRD TCW Transform Systems ETF | 0.66% | 21,332 | $2.0M | Add +2.4% |
| ABT Abbott Laboratories | 0.55% | 13,480 | $1.7M | Add +0.0% |
| AMGN Amgen Inc. | 0.54% | 5,076 | $1.7M | No change |
| VCR Vanguard Consumer Discre ETF | 0.47% | 3,655 | $1.4M | Reduce -0.2% |
| NVDA Nvidia Corp. | 0.44% | 7,370 | $1.4M | Add +7.3% |
| FEP First Trust Europe | 0.40% | 23,209 | $1.2M | Add +0.2% |
| SCHG Schwab US Large-Cap Growth | 0.36% | 34,192 | $1.1M | Add +7.3% |
| JPM JPMorgan Chase & Co. | 0.36% | 3,436 | $1.1M | Add +0.3% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.35% | 1,597 | $1.1M | Reduce -8.1% |
| VHT Vanguard Health Care ETF | 0.34% | 3,602 | $1.0M | Reduce -2.6% |
| WRB WR Berkley Corp. filed as BERKLEY W R CORP | 0.31% | 13,509 | $947K | Reduce -0.1% |
| SCHD Schwab US DVD Equity ETF | 0.28% | 32,008 | $878K | Add +0.4% |
| LRCX Lam Research Corp. | 0.28% | 4,990 | $854K | No change |
| INTC Intel Corp. | 0.25% | 21,098 | $779K | No change |
| CSCO Cisco Systems Inc. | 0.25% | 10,079 | $777K | Add +0.0% |
| VTI VG Morningstar TS MKT ETF-US | 0.24% | 2,239 | $751K | Add +0.5% |
| FNDB Schwab Fndmntl US BRD Mr ETF | 0.24% | 27,740 | $737K | Reduce -0.7% |
| BPRE Bluerock Private Real Estate | 0.22% | 45,466 | $681K | New |
| BRK.B Berkshire Hathaway Inc. Class B | 0.20% | 1,255 | $631K | No change |
| V Visa Inc. Class A | 0.20% | 1,765 | $620K | No change |
| LLY Eli Lilly & Co. | 0.20% | 572 | $615K | No change |
| DVY iShares Select Dividend ETF | 0.19% | 4,251 | $600K | Add +0.5% |
| TSLA Tesla Inc. | 0.18% | 1,252 | $563K | No change |
| KLAC KLA Corp. | 0.18% | 456 | $554K | No change |
| FIXD First Trust Smith Opportunis | 0.18% | 12,319 | $546K | Reduce -16.6% |
| ADBE Adobe Inc. | 0.17% | 1,539 | $539K | No change |
| JPUS JPMorgan Div Ret US Eq ETF | 0.17% | 4,215 | $523K | Reduce -6.8% |
| LUV Southwest Airlines Co. | 0.16% | 12,071 | $499K | No change |
| AVGO Broadcom Inc. | 0.16% | 1,440 | $498K | Reduce -45.5% |
| SCHX Schwab US Large-Cap ETF | 0.15% | 17,812 | $479K | Add +0.0% |
| HD Home Depot Inc. | 0.15% | 1,382 | $476K | Add +0.1% |
| VOO Vanguard S&P 500 ETF | 0.15% | 722 | $453K | Add +32.0% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.13% | 7,582 | $417K | Add +0.0% |
| FVD First Trust Value Line DVD | 0.13% | 8,496 | $391K | Reduce -21.7% |
| IYF iShares US Financials ETF | 0.12% | 2,959 | $381K | Reduce -0.7% |
| PCAR Paccar Inc. | 0.12% | 3,483 | $381K | Add +0.1% |
| PG The Procter & Gamble Co. | 0.11% | 2,459 | $353K | Add +0.2% |
| DINT Davis Select International | 0.11% | 11,891 | $339K | Reduce -4.0% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.11% | 669 | $327K | Add +234.5% |
| JNJ Johnson & Johnson | 0.10% | 1,567 | $324K | Add +0.3% |
| FXR First Trust Indst/Producers | 0.10% | 4,002 | $320K | No change |
| NFLX Netflix Inc. | 0.10% | 3,382 | $317K | Add +5.7% |
| PEP Pepsico Inc. | 0.10% | 2,131 | $306K | No change |
| PM Philip Morris International | 0.08% | 1,627 | $261K | Add +0.1% |
| PPA Invesco Aerospace & Defense | 0.08% | 1,634 | $256K | No change |
| VYM Vanguard High DVD Yield ETF | 0.08% | 1,764 | $253K | Add +0.2% |
| ORCL Oracle Corp. | 0.08% | 1,221 | $238K | No change |
| BMY Bristol-Myers Squibb Co. | 0.08% | 4,390 | $237K | Add +0.1% |
| FDX FedEx Corp. | 0.08% | 804 | $232K | No change |
| IWR iShares Russell Mid-Cap ETF | 0.07% | 2,406 | $232K | Reduce -3.6% |
| TSBK Timberland Bancorp Inc. | 0.07% | 6,400 | $229K | No change |
| MO Altria Group Inc. | 0.07% | 3,751 | $216K | Add +0.2% |
| FNDA Schwab Fndmntl US SM Co. ETF | 0.07% | 6,786 | $214K | Add +0.4% |
| QLV NT US Qual Lowvol ETF | 0.07% | 2,848 | $205K | Reduce -21.3% |
| CVX Chevron Corp. | 0.06% | 1,297 | $198K | Add +0.5% |
| JPIN JPM Diversified Ret Intl Eq filed as J P MORGAN EXCHANGE TRADED F | 0.06% | 2,900 | $198K | Reduce -27.5% |
| IVV iShares Core S&P 500 ETF | 0.06% | 286 | $196K | Add +0.3% |
| QQQ Invesco QQQ Trust Series 1 | 0.06% | 315 | $194K | Add +40.0% |
| QCOM Qualcomm Inc. | 0.06% | 1,068 | $183K | Add +0.1% |
| FDL First Trust Morn DVD Lead Inc. | 0.06% | 4,098 | $182K | No change |
| XLK SS Technology Select Sector | 0.06% | 1,240 | $179K | No change |
| NKE Nike Inc. Class B | 0.06% | 2,800 | $178K | No change |
| NOK Nokia Corp.-Spon ADR | 0.06% | 27,047 | $175K | No change |
| ITA iShares U.S. Aerospace & Def | 0.06% | 808 | $174K | No change |
| KO The Coca-Cola Co. | 0.06% | 2,430 | $170K | Add +0.7% |
| AMAT Applied Materials Inc. | 0.05% | 654 | $168K | No change |
| ADPT Adaptive Biotechnologies | 0.05% | 10,335 | $168K | No change |
| META Meta Platforms Inc. Class A | 0.05% | 248 | $164K | No change |
| PTF Invesco Dorsey Wright Tech | 0.05% | 2,103 | $161K | No change |
| MCD McDonald's Corp. | 0.05% | 521 | $159K | No change |
| MDLZ Mondelez International Inc. Class A | 0.05% | 2,837 | $153K | No change |
| AIVL Wisdomtree US AI Enhanced Va | 0.05% | 1,270 | $146K | Reduce -7.2% |
| BA The Boeing Co. | 0.05% | 672 | $146K | Reduce -1.0% |
| DFSU Dimensional US Sus CORE1 ETF | 0.05% | 3,307 | $144K | Add +0.2% |
| VIG Vanguard Dividend Apprec ETF | 0.04% | 632 | $139K | Add +0.2% |
| MA Mastercard Inc. Class A | 0.04% | 238 | $136K | No change |
| GS Goldman Sachs Group Inc. | 0.04% | 150 | $132K | No change |
| PRN Invesco Dorsey Wright Indus | 0.04% | 746 | $130K | No change |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.04% | 1,092 | $124K | No change |
| EXR Extra Space Storage Inc. | 0.04% | 942 | $123K | No change |
Portfolio Sells Q3 2025 → Q4 2025
| MSFT Microsoft Corp. | Reduce -1.0% | 21.19% | −11.42 |
| AAPL Apple Inc. | Reduce -0.7% | 4.79% | −1.64 |
| LMBS First Trust Low Duration Opp | Reduce -0.7% | 3.09% | −1.32 |
| COST Costco Wholesale Corp. | Reduce -0.1% | 1.86% | −0.99 |
| JSCP JPMorgan Short Duration Core | Reduce -0.3% | 1.43% | −0.61 |
| SBUX Starbucks Corp. | Reduce -3.4% | 1.05% | −0.50 |
| AVGO Broadcom Inc. | Reduce -45.5% | 0.16% | −0.24 |
| VCR Vanguard Consumer Discre ETF | Reduce -0.2% | 0.47% | −0.20 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -8.1% | 0.35% | −0.18 |
| WRB WR Berkley Corp. | Reduce -0.1% | 0.31% | −0.17 |
| FIXD First Trust Smith Opportunis | Reduce -16.6% | 0.18% | −0.13 |
| VHT Vanguard Health Care ETF | Reduce -2.6% | 0.34% | −0.11 |
| FVD First Trust Value Line DVD | Reduce -21.7% | 0.13% | −0.10 |
| FNDB Schwab Fndmntl US BRD Mr ETF | Reduce -0.7% | 0.24% | −0.09 |
| JPUS JPMorgan Div Ret US Eq ETF | Reduce -6.8% | 0.17% | −0.09 |
| JPIN JPM Diversified Ret Intl Eq | Reduce -27.5% | 0.06% | −0.06 |
| QLV NT US Qual Lowvol ETF | Reduce -21.3% | 0.07% | −0.05 |
| IYF iShares US Financials ETF | Reduce -0.7% | 0.12% | −0.05 |
| DINT Davis Select International | Reduce -4.0% | 0.11% | −0.05 |
| IWR iShares Russell Mid-Cap ETF | Reduce -3.6% | 0.07% | −0.04 |
| AIVL Wisdomtree US AI Enhanced Va | Reduce -7.2% | 0.05% | −0.02 |
| JHMM John Hancock Multi Fact Mid | Sold out | 0.00% | −0.02 |
| BA The Boeing Co. | Reduce -1.0% | 0.05% | −0.02 |
| VMBS Vanguard Mortgage-Backed Sec | Sold out | 0.00% | −0.02 |
| GIS General Mills Inc. | Reduce -10.5% | 0.02% | −0.02 |
| IYE iShares U.S. Energy ETF | Reduce -2.5% | 0.03% | −0.02 |
| IJR iShares Core S&P Small-Cap E | Reduce -59.5% | 0.01% | −0.02 |
| PSA Public Storage | Reduce -13.9% | 0.02% | −0.02 |
| IWM iShares Russell 2000 ETF | Reduce -61.5% | 0.00% | −0.01 |
| WY Weyerhaeuser Co. | Reduce -27.9% | 0.01% | −0.01 |
| DFAI Dimensional International Co. | Sold out | 0.00% | −0.01 |
| VZ Verizon Communications Inc. | Reduce -11.2% | 0.01% | −0.01 |
| PFE Pfizer Inc. | Reduce -14.8% | 0.01% | −0.01 |
| UPS United Parcel Service Class B | Reduce -4.0% | 0.03% | −0.01 |
| KARS Kraneshares Electric Vehicle | Reduce -25.9% | 0.01% | −0.01 |
| SCHE Schwab Emrg Mrkts Eqty ETF | Reduce -92.4% | 0.00% | −0.01 |
| SJM The JM Smucker Co. | Reduce -62.5% | 0.00% | −0.00 |
| F Ford Motor Co. | Reduce -23.5% | 0.01% | −0.00 |
| RQI Cohen & Steers Qual Inc. RLTY | Reduce -42.2% | 0.00% | −0.00 |
| DFAE Dimensional Emerging Core Eq | Sold out | 0.00% | −0.00 |
| VEA Vanguard Ftse Developed ETF | Sold out | 0.00% | −0.00 |
| CPB The Campbell's Company | Sold out | 0.00% | −0.00 |
| PFF iShares Preferred & Income S | Sold out | 0.00% | −0.00 |
| MRUS Merus NV | Sold out | 0.00% | −0.00 |
| BWXT BWX Technologies Inc. | Reduce -14.6% | 0.00% | −0.00 |
| BN Brookfield Corp. | Reduce -16.7% | 0.00% | −0.00 |
| CFLT Confluent Inc. Class A | Sold out | 0.00% | −0.00 |
| HEI.A Heico Corp. Class A | Reduce -3.0% | 0.00% | −0.00 |
| RRR Red Rock Resorts Inc. Class A | Reduce -37.8% | 0.00% | −0.00 |
| QURE Uniqure NV | Sold out | 0.00% | −0.00 |
Portfolio Buys Q3 2025 → Q4 2025
| RDVY First Trust Rising Dividend | Add +1.4% | 33.07% | +28.56 |
| BPRE Bluerock Private Real Estate | New | 0.22% | +0.22 |
| VUG Vanguard Mrngstar GR ETF-Sui | Add +234.5% | 0.11% | +0.06 |
| AYTU Aytu Biopharma Inc. | New | 0.02% | +0.02 |
| CRCL Circle Internet Group Inc. | New | 0.01% | +0.01 |
| FIG Figma Inc. Class A | New | 0.00% | +0.00 |
| NVO Novo-Nordisk A/S-Spons ADR | New | 0.00% | +0.00 |
| ANDG Andersen Group Inc. Class A | New | 0.00% | +0.00 |
| NTSK Netskope Inc. Class A | New | 0.00% | +0.00 |
| WHD Cactus Inc. Class A | New | 0.00% | +0.00 |
| ENSG The Ensign Group Inc. | New | 0.00% | +0.00 |
| INR Infinity Natural Resour Class A | New | 0.00% | +0.00 |
| PRAX Praxis Precision Medicines I | New | 0.00% | +0.00 |
| TERN Terns Pharmaceuticals Inc. | New | 0.00% | +0.00 |
| JAZZ Jazz Pharmaceuticals PLC | New | 0.00% | +0.00 |
| QQQ Invesco QQQ Trust Series 1 | Add +40.0% | 0.06% | +0.00 |
| MIR Mirion Technologies Inc. | New | 0.00% | +0.00 |
| RGEN Repligen Corp. | Add +100.0% | 0.00% | +0.00 |
| SLNO Soleno Therapeutics Inc. | New | 0.00% | +0.00 |
| CBLL Ceribell Inc. | New | 0.00% | +0.00 |
| CWAN Clearwater Analytics HDS-A | New | 0.00% | +0.00 |
| WAT Waters Corp. | New | 0.00% | +0.00 |
| KMTS Kestra Medical Technologies | New | 0.00% | +0.00 |
| BCAX Bicara Therapeutics Inc. | New | 0.00% | +0.00 |
| BBIO Bridgebio Pharma Inc. | Add +28.9% | 0.00% | +0.00 |
| INTA Intapp Inc. | Add +54.0% | 0.00% | +0.00 |
| KVYO Klaviyo Inc. Class A | Add +56.8% | 0.00% | +0.00 |
| FWONA Liberty Media Corp. Class A | New | 0.00% | +0.00 |
| MCO Moody's Corp. | New | 0.00% | +0.00 |
| ROST Ross Stores Inc. | New | 0.00% | +0.00 |
| GPCR Structure Therapeutics Inc. | New | 0.00% | +0.00 |
| BMI Badger Meter Inc. | Add +87.5% | 0.00% | +0.00 |
| HRI Herc Holdings Inc. | Add +40.0% | 0.00% | +0.00 |
| TTAN Servicetitan Inc. Class A | Add +50.0% | 0.00% | +0.00 |
| VICI Vici Properties Inc. | Add +100.0% | 0.00% | +0.00 |
| FBK FB Financial Corp. | Add +61.5% | 0.00% | +0.00 |
| FRPT Freshpet Inc. | Add +42.9% | 0.00% | +0.00 |
| AME Ametek Inc. | Add +16.7% | 0.00% | −0.00 |
| CVS CVS Health Corp. | Add +33.3% | 0.01% | −0.00 |
| NCNO Ncino Inc. | Add +38.5% | 0.00% | −0.00 |
| PFGC Performance Food Group Co. | Add +48.1% | 0.00% | −0.00 |
| TPH Tri Pointe Homes Inc. | Add +35.7% | 0.00% | −0.00 |
| ARES Ares Management Corp. Class A | Add +7.7% | 0.00% | −0.00 |
| BAM Brookfield Asset Mgmt-A | Add +13.0% | 0.00% | −0.00 |
| ICSH iShares Ultra Short Duration | Add +2.8% | 0.00% | −0.00 |
| CRDO Credo Technology Group Holdi | Add +26.1% | 0.00% | −0.00 |
| IGSB iShares 1-5Y Inv Grade Corp. | Add +2.4% | 0.00% | −0.00 |
| PAY Paymentus Holdings Inc. Class A | Add +14.4% | 0.00% | −0.00 |
| BIPC Brookfield Infrastructure-A | Add +2.0% | 0.00% | −0.00 |
| MLM Martin Marietta Materials | Add +14.3% | 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 |