Bristlecone Advisors, LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 24, 2025), Bristlecone Advisors, LLC reported 233 stock positions worth $1.2 billion. Its top holding was Microsoft (MSFT) at 9.8% of the portfolio, followed by iShares Core S&P 500 ETF (IVV, 5.6%) and Nvidia (NVDA, 4.1%). Compared with Q2 2025, it opened 22 new positions, sold out of 82, added to 71 and reduced 93. The biggest buy was iShares Core S&P 500 ETF (IVV, shares +4%) and the biggest sale Microsoft (MSFT, shares −28%).
- Most Recent 13F
- Q3 2025
- Location
- BELLEVUE, WA
- CIK
- 0001671716
- Portfolio Value
- $1.2B (Q3 2025)
- SEC Filing
- 0001671716-25-000004 ↗ filed Oct 24, 2025
Holdings Value
Holdings 233 stocks · $1.2B
| MSFT Microsoft Corp. | 9.80% | 226,320 | $117.2M | Reduce -28.4% |
| IVV iShares Core S&P 500 ETF | 5.60% | 100,119 | $67.0M | Add +3.7% |
| NVDA Nvidia Corp. | 4.05% | 259,999 | $48.5M | Reduce -1.1% |
| AAPL Apple Inc. | 3.78% | 177,528 | $45.2M | Reduce -10.6% |
| SPDW Ste STR SPDR PT DW Eu ETF | 3.49% | 976,872 | $41.8M | Add +2.5% |
| AGG iShares Core U.S. Aggregate | 3.23% | 385,520 | $38.6M | Reduce -1.1% |
| IJH iShares Core S&P Midcap ETF | 2.72% | 498,272 | $32.5M | Add +1.4% |
| SCHX Schwab US Large-Cap ETF | 2.70% | 1,226,756 | $32.3M | Reduce -0.6% |
| AMZN Amazon.com Inc. | 2.24% | 122,211 | $26.8M | Reduce -22.3% |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | 2.15% | 83,711 | $25.8M | Add +0.2% |
| GOOGL Alphabet Inc. Class A | 2.11% | 104,082 | $25.3M | Reduce -2.0% |
| COST Costco Wholesale Corp. | 2.05% | 26,551 | $24.6M | Reduce -0.6% |
| SPAB SS SPDR P Agg Bond ETF | 1.90% | 877,707 | $22.7M | Reduce -3.0% |
| BND Vanguard Total Bond Market | 1.88% | 303,262 | $22.6M | Add +24.4% |
| XLK SS Technology Select Sector | 1.81% | 77,031 | $21.7M | Add +0.3% |
| AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO | 1.75% | 67,794 | $21.0M | No change |
| DLN Wisdomtree US Largecap Divid | 1.65% | 227,025 | $19.8M | Add +1.4% |
| IJR iShares Core S&P Small-Cap E | 1.62% | 163,270 | $19.4M | Add +5.2% |
| JPST JPMorgan Ultra-Short Income | 1.46% | 344,989 | $17.5M | Add +24.8% |
| VB Vanguard Most SM-Cap ETF-Usd | 1.36% | 64,155 | $16.3M | Add +1.1% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.34% | 23,981 | $16.0M | Add +2.5% |
| VUG Vanguard Mrngstar GR ETF-Sui | 1.33% | 33,251 | $15.9M | Add +0.4% |
| VEA Vanguard Ftse Developed ETF | 1.33% | 264,824 | $15.9M | Add +1.7% |
| IWR iShares Russell Mid-Cap ETF | 1.32% | 163,187 | $15.8M | Add +0.1% |
| META Meta Platforms Inc. Class A | 1.22% | 19,799 | $14.5M | Add +0.7% |
| SCHF Schwab Intl Equity ETF | 1.10% | 565,337 | $13.2M | Reduce -6.1% |
| PLTR Palantir Technologies Inc. Class A | 0.94% | 61,746 | $11.3M | Reduce -0.4% |
| JPM JPMorgan Chase & Co. | 0.91% | 34,386 | $10.8M | Reduce -2.2% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.83% | 19,841 | $10.0M | Reduce -2.0% |
| TSLA Tesla Inc. | 0.81% | 21,823 | $9.7M | Reduce -5.3% |
| QQQ Invesco QQQ Trust Series 1 | 0.78% | 15,558 | $9.3M | Reduce -0.6% |
| SPYG SS SPDR P S&P 500 Growth ETF | 0.71% | 81,587 | $8.5M | Add +9.5% |
| VWO Vanguard Ftse Emerging Marke | 0.71% | 156,532 | $8.5M | Add +3.3% |
| GSST Goldman Sachs Ultra Short Bo | 0.66% | 156,676 | $7.9M | Add +7.1% |
| V Visa Inc. Class A | 0.63% | 21,983 | $7.5M | Reduce -2.6% |
| JNJ Johnson & Johnson | 0.61% | 39,236 | $7.3M | Reduce -3.3% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.60% | 24,476 | $7.2M | Reduce -0.0% |
| EFA iShares MSCI Eafe ETF | 0.58% | 74,292 | $6.9M | Add +0.3% |
| NFLX Netflix Inc. | 0.57% | 5,650 | $6.8M | Add +3.5% |
| GCOR Goldman Sachs Access US Agg | 0.55% | 156,815 | $6.6M | Add +13.6% |
| HD Home Depot Inc. | 0.54% | 16,048 | $6.5M | Reduce -2.8% |
| FORTINET INC | 0.52% | 74,095 | $6.2M | New |
| USFR Wisdomtree Floating Rate Tre | 0.48% | 113,306 | $5.7M | Reduce -32.8% |
| TRV The Travelers Cos Inc. | 0.45% | 19,177 | $5.4M | Reduce -3.4% |
| LRCX Lam Research Corp. | 0.44% | 39,304 | $5.3M | Reduce -3.3% |
| SOXX iShares Semiconductor ETF | 0.44% | 19,213 | $5.2M | Reduce -0.2% |
| ITA iShares U.S. Aerospace & Def | 0.41% | 23,560 | $4.9M | Reduce -0.7% |
| NKE Nike Inc. Class B | 0.41% | 70,520 | $4.9M | Reduce -12.5% |
| SPEM State Street SP PTF Em ETF | 0.41% | 103,638 | $4.9M | Add +0.9% |
| AMGN Amgen Inc. | 0.39% | 16,673 | $4.7M | Reduce -2.5% |
| BLK BlackRock Inc. | 0.39% | 4,008 | $4.7M | Reduce -1.8% |
| SBUX Starbucks Corp. | 0.39% | 54,747 | $4.6M | Reduce -3.2% |
| WPM Wheaton Precious Metals Corp. | 0.37% | 39,586 | $4.4M | Reduce -5.2% |
| VTEB Vanguard Tax-Exempt Bond ETF | 0.37% | 87,473 | $4.4M | Reduce -7.2% |
| RTX CORPORATION | 0.35% | 25,323 | $4.2M | New |
| XOM Exxon Mobil Corp. | 0.35% | 37,531 | $4.2M | Add +0.8% |
| CTAS Cintas Corp. | 0.35% | 20,475 | $4.2M | Reduce -4.3% |
| PEP Pepsico Inc. | 0.35% | 29,691 | $4.2M | Reduce -1.4% |
| VOO Vanguard S&P 500 ETF | 0.34% | 6,739 | $4.1M | Add +0.1% |
| PCAR Paccar Inc. | 0.34% | 41,224 | $4.1M | Reduce -0.9% |
| BKNG Booking Holdings Inc. | 0.33% | 736 | $4.0M | Reduce -5.6% |
| IVW iShares S&P 500 Growth ETF | 0.33% | 32,398 | $3.9M | Add +0.0% |
| MDY State Street SPDR S&P Midcap | 0.33% | 6,524 | $3.9M | Add +0.5% |
| SLYG SS SPDR S&P 600 SC GR ETF | 0.32% | 41,199 | $3.9M | Add +8.1% |
| MBB iShares MBS ETF | 0.32% | 40,475 | $3.9M | Add +26.9% |
| ECL Ecolab Inc. | 0.29% | 12,688 | $3.5M | Reduce -4.4% |
| DBND Doubleline Oppor Cor BND-Usd | 0.29% | 74,663 | $3.5M | Add +41.8% |
| VGT Vanguard Info Tech ETF | 0.29% | 4,636 | $3.5M | Reduce -63.8% |
| DHR Danaher Corp. | 0.29% | 17,439 | $3.5M | Reduce -2.0% |
| VEEV Veeva Systems Inc. Class A | 0.28% | 11,100 | $3.3M | Reduce -2.8% |
| CB Chubb Ltd. | 0.27% | 11,648 | $3.3M | Reduce -3.0% |
| SCHM Schwab US Mid Cap ETF | 0.27% | 109,703 | $3.3M | Reduce -0.4% |
| NOC Northrop Grumman Corp. | 0.27% | 5,286 | $3.2M | Reduce -2.0% |
| JEPI JPMorgan Equity Premium Inco | 0.26% | 54,021 | $3.1M | Reduce -4.9% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.26% | 26,813 | $3.1M | Reduce -8.4% |
| PG The Procter & Gamble Co. | 0.26% | 19,880 | $3.1M | Add +2.0% |
| QUAL iShares MSCI USA Quality Fac | 0.25% | 15,514 | $3.0M | Reduce -0.8% |
| IEMG iShares Core MSCI Emerging | 0.25% | 45,404 | $3.0M | Add +5.5% |
| GOOG Alphabet Inc. Class C | 0.24% | 12,022 | $2.9M | Reduce -9.3% |
| UNH Unitedhealth Group Inc. | 0.24% | 8,388 | $2.9M | Reduce -6.7% |
| NEE Nextera Energy Inc. | 0.23% | 35,912 | $2.7M | Reduce -1.4% |
| HON Honeywell International Inc. | 0.23% | 12,867 | $2.7M | Reduce -1.8% |
| UNP Union Pacific Corp. | 0.22% | 11,257 | $2.7M | Add +0.2% |
| UBER Uber Technologies Inc. | 0.22% | 26,597 | $2.6M | Reduce -11.6% |
| GIGB Goldman Sachs Inv GRD Corp. | 0.22% | 55,139 | $2.6M | Add +12.4% |
| ADBE Adobe Inc. | 0.21% | 7,206 | $2.5M | Reduce -21.9% |
| VXUS Vanguard Total Intl Stock | 0.21% | 34,533 | $2.5M | Add +5.6% |
| EXPD Expeditors Intl Wash Inc. | 0.21% | 20,645 | $2.5M | Reduce -2.7% |
| VLO Valero Energy Corp. | 0.21% | 14,857 | $2.5M | Reduce -5.1% |
| MDYG SS SPDR S&P 400 MC GR ETF | 0.21% | 27,139 | $2.5M | Add +6.3% |
| KLAC KLA Corp. | 0.20% | 2,256 | $2.4M | No change |
| ANET Arista Networks Inc. | 0.20% | 16,435 | $2.4M | Add +0.7% |
| CVX Chevron Corp. | 0.20% | 15,257 | $2.4M | Add +10.0% |
| SCHG Schwab US Large-Cap Growth | 0.20% | 73,325 | $2.3M | Add +0.0% |
| JMST JPM Ultra-Short Muni Income filed as J P MORGAN EXCHANGE TRADED F | 0.19% | 45,417 | $2.3M | Add +5.4% |
| ZTS Zoetis Inc. | 0.18% | 14,658 | $2.1M | Reduce -4.6% |
| SPYV SS SPDR P S&P 500 Value ETF | 0.17% | 36,904 | $2.0M | Add +0.0% |
| PSA Public Storage | 0.17% | 6,846 | $2.0M | Reduce -4.3% |
| VYM Vanguard High DVD Yield ETF | 0.16% | 13,651 | $1.9M | Reduce -8.7% |
| LLY Eli Lilly & Co. | 0.16% | 2,512 | $1.9M | Add +35.3% |
Portfolio Sells Q2 2025 → Q3 2025
| MSFT Microsoft Corp. | Reduce -28.4% | 9.80% | −3.41 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -92.2% | 0.08% | −0.89 |
| FTNT Fortinet Inc. | Sold out | 0.00% | −0.68 |
| AMZN Amazon.com Inc. | Reduce -22.3% | 2.24% | −0.66 |
| VGT Vanguard Info Tech ETF | Reduce -63.8% | 0.29% | −0.42 |
| RTX RTX Corp. | Sold out | 0.00% | −0.32 |
| USFR Wisdomtree Floating Rate Tre | Reduce -32.8% | 0.48% | −0.24 |
| COST Costco Wholesale Corp. | Reduce -0.6% | 2.05% | −0.17 |
| ADBE Adobe Inc. | Reduce -21.9% | 0.21% | −0.09 |
| NKE Nike Inc. Class B | Reduce -12.5% | 0.41% | −0.07 |
| BRK.A Berkshire Hathaway Inc. Class A | Sold out | 0.00% | −0.06 |
| UPS United Parcel Service Class B | Reduce -19.0% | 0.12% | −0.06 |
| PYPL PayPal Holdings Inc. | Reduce -26.6% | 0.11% | −0.06 |
| NVO Novo-Nordisk A/S-Spons ADR | Reduce -55.0% | 0.03% | −0.06 |
| CRM Salesforce Inc. | Reduce -38.4% | 0.06% | −0.06 |
| CTAS Cintas Corp. | Reduce -4.3% | 0.35% | −0.05 |
| SPAB SS SPDR P Agg Bond ETF | Reduce -3.0% | 1.90% | −0.05 |
| PFE Pfizer Inc. | Reduce -34.7% | 0.10% | −0.05 |
| DIS The Walt Disney Co. | Reduce -8.4% | 0.26% | −0.05 |
| SBUX Starbucks Corp. | Reduce -3.2% | 0.39% | −0.05 |
| BKNG Booking Holdings Inc. | Reduce -5.6% | 0.33% | −0.05 |
| V Visa Inc. Class A | Reduce -2.6% | 0.63% | −0.05 |
| CMCSA Comcast Corp. Class A | Reduce -15.0% | 0.12% | −0.04 |
| TTEK Tetra Tech Inc. | Reduce -12.7% | 0.15% | −0.04 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | Sold out | 0.00% | −0.04 |
| DG Dollar General Corp. | Sold out | 0.00% | −0.03 |
| DES Wisdomtree US Smallcap Divid | Reduce -67.2% | 0.02% | −0.03 |
| WY Weyerhaeuser Co. | Reduce -24.3% | 0.09% | −0.03 |
| MU Micron Technology Inc. | Sold out | 0.00% | −0.03 |
| HON Honeywell International Inc. | Reduce -1.8% | 0.23% | −0.03 |
| GLDM SPDR Gold Minishares Trust | Sold out | 0.00% | −0.03 |
| MUB iShares National Muni Bond E | Reduce -34.2% | 0.06% | −0.03 |
| GBIL Goldman Sachs Access Treasur | Reduce -20.6% | 0.10% | −0.03 |
| VOT Vngrd Mrngstr MC GRW ETF-Usd | Sold out | 0.00% | −0.03 |
| ALB Albemarle Corp. | Reduce -50.6% | 0.04% | −0.02 |
| TTD Trade Desk Inc./the Class A | Sold out | 0.00% | −0.02 |
| VTEB Vanguard Tax-Exempt Bond ETF | Reduce -7.2% | 0.37% | −0.02 |
| ZTS Zoetis Inc. | Reduce -4.6% | 0.18% | −0.02 |
| TXN Texas Instruments Inc. | Reduce -0.1% | 0.15% | −0.02 |
| PFF iShares Preferred & Income S | Sold out | 0.00% | −0.02 |
| VRSK Verisk Analytics Inc. | Sold out | 0.00% | −0.02 |
| UBER Uber Technologies Inc. | Reduce -11.6% | 0.22% | −0.02 |
| SCHF Schwab Intl Equity ETF | Reduce -6.1% | 1.10% | −0.02 |
| CB Chubb Ltd. | Reduce -3.0% | 0.27% | −0.02 |
| EFV iShares MSCI Eafe Value ETF | Sold out | 0.00% | −0.02 |
| AGG iShares Core U.S. Aggregate | Reduce -1.1% | 3.23% | −0.02 |
| VIOO Vanguard S&P Small-Cap 600 E | Sold out | 0.00% | −0.01 |
| IWS iShares Russell Mid-Cap Valu | Sold out | 0.00% | −0.01 |
| IHF iShares U.S. Healthcare Prov | Sold out | 0.00% | −0.01 |
| SLNZ TCW Senior Loan ETF | Sold out | 0.00% | −0.01 |
Portfolio Buys Q2 2025 → Q3 2025
| IVV iShares Core S&P 500 ETF | Add +3.7% | 5.60% | +0.57 |
| FORTINET INC | New | 0.52% | +0.52 |
| BND Vanguard Total Bond Market | Add +24.4% | 1.88% | +0.38 |
| RTX CORPORATION | New | 0.35% | +0.35 |
| JPST JPMorgan Ultra-Short Income | Add +24.8% | 1.46% | +0.29 |
| SPDW Ste STR SPDR PT DW Eu ETF | Add +2.5% | 3.49% | +0.25 |
| IJR iShares Core S&P Small-Cap E | Add +5.2% | 1.62% | +0.20 |
| XLK SS Technology Select Sector | Add +0.3% | 1.81% | +0.18 |
| IJH iShares Core S&P Midcap ETF | Add +1.4% | 2.72% | +0.16 |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | Add +0.2% | 2.15% | +0.15 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +2.5% | 1.34% | +0.12 |
| SPYG SS SPDR P S&P 500 Growth ETF | Add +9.5% | 0.71% | +0.12 |
| VUG Vanguard Mrngstar GR ETF-Sui | Add +0.4% | 1.33% | +0.11 |
| DLN Wisdomtree US Largecap Divid | Add +1.4% | 1.65% | +0.11 |
| VB Vanguard Most SM-Cap ETF-Usd | Add +1.1% | 1.36% | +0.10 |
| DBND Doubleline Oppor Cor BND-Usd | Add +41.8% | 0.29% | +0.09 |
| SPMB SS SPDR P Mort Back Bond ETF | New | 0.08% | +0.08 |
| VWO Vanguard Ftse Emerging Marke | Add +3.3% | 0.71% | +0.08 |
| VEA Vanguard Ftse Developed ETF | Add +1.7% | 1.33% | +0.08 |
| USIG iShares Broad Usd Investment | New | 0.08% | +0.08 |
| GOVT iShares US Treasury Bond ETF | New | 0.07% | +0.07 |
| MBB iShares MBS ETF | Add +26.9% | 0.32% | +0.07 |
| GCOR Goldman Sachs Access US Agg | Add +13.6% | 0.55% | +0.07 |
| ORCL Oracle Corp. | Add +253.1% | 0.09% | +0.07 |
| SGOV iShares 0-3 Month Treasury B | Add +146.9% | 0.11% | +0.06 |
| ANET Arista Networks Inc. | Add +0.7% | 0.20% | +0.06 |
| IWR iShares Russell Mid-Cap ETF | Add +0.1% | 1.32% | +0.06 |
| WORLD GOLD TR | New | 0.06% | +0.06 |
| PULS Pgim Ultra Short Bond ETF | New | 0.06% | +0.06 |
| BNDW Vanguard Total World Bond Et | New | 0.05% | +0.05 |
| AVGO Broadcom Inc. | New | 0.05% | +0.05 |
| VMBS Vanguard Mortgage-Backed Sec | New | 0.05% | +0.05 |
| GLD SPDR Gold Shares | Add +138.1% | 0.08% | +0.05 |
| IUSG iShares Core S&P U.S. Growth | Add +915.1% | 0.05% | +0.05 |
| ABBV Abbvie Inc. | Add +134.9% | 0.07% | +0.04 |
| GSST Goldman Sachs Ultra Short Bo | Add +7.1% | 0.66% | +0.04 |
| SLYG SS SPDR S&P 600 SC GR ETF | Add +8.1% | 0.32% | +0.04 |
| LLY Eli Lilly & Co. | Add +35.3% | 0.16% | +0.04 |
| SPEM State Street SP PTF Em ETF | Add +0.9% | 0.41% | +0.04 |
| BNDX Vanguard Total Intl Bond ETF | New | 0.03% | +0.03 |
| IEMG iShares Core MSCI Emerging | Add +5.5% | 0.25% | +0.03 |
| CVX Chevron Corp. | Add +10.0% | 0.20% | +0.03 |
| IAU iShares Gold Trust | Add +5.6% | 0.16% | +0.03 |
| TMO Thermo Fisher Scientific Inc. | New | 0.03% | +0.03 |
| IVW iShares S&P 500 Growth ETF | Add +0.0% | 0.33% | +0.03 |
| BMNR Bitmine Immersion Technologi | New | 0.03% | +0.03 |
| GIGB Goldman Sachs Inv GRD Corp. | Add +12.4% | 0.22% | +0.03 |
| COWZ Pacer US Cash Cows 100 ETF | New | 0.02% | +0.02 |
| EFA iShares MSCI Eafe ETF | Add +0.3% | 0.58% | +0.02 |
| ETHA iShares Ethereum Trust ETF | New | 0.02% | +0.02 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q3 2025 | 233 | $1.2B | MSFT, IVV, NVDA, AAPL, SPDW |
| Q2 2025 | 293 | $1.2B | MSFT, IVV, NVDA, AAPL, AGG |
| Q1 2025 | 377 | $1.2B | MSFT, IVV, AAPL, AGG, AMZN |
| Q4 2024 | 361 | $1.3B | MSFT, AAPL, IVV, NVDA, AMZN |
| Q3 2024 | 364 | $1.2B | MSFT, IVV, AAPL, NVDA, AGG |
| Q2 2024 | 290 | $1.2B | MSFT, IVV, AAPL, NVDA, AMZN |
| Q1 2024 | 270 | $1.1B | MSFT, IVV, AAPL, AGG, SPDW |