Bristlecone Advisors, LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 12, 2025), Bristlecone Advisors, LLC reported 377 stock positions worth $1.2 billion. Its top holding was Microsoft (MSFT) at 10.1% of the portfolio, followed by iShares Core S&P 500 ETF (IVV, 4.3%) and Apple (AAPL, 3.7%). Compared with Q4 2024, it opened 29 new positions, sold out of 13, added to 108 and reduced 138. The biggest buy was Ste STR SPDR PT DW Eu ETF (SPDW, shares +1%) and the biggest sale Microsoft (MSFT, shares −1%).
- Most Recent 13F
- Q3 2025
- Location
- BELLEVUE, WA
- CIK
- 0001671716
- Portfolio Value
- $1.2B (Q1 2025)
- SEC Filing
- 0001398344-25-009163 ↗ filed May 12, 2025
Holdings Value
Holdings 377 stocks · $1.2B
| MSFT Microsoft Corp. | 10.07% | 328,304 | $123.2M | Reduce -0.6% |
| IVV iShares Core S&P 500 ETF | 4.28% | 93,198 | $52.4M | Add +3.9% |
| AAPL Apple Inc. | 3.70% | 203,838 | $45.3M | Reduce -5.7% |
| AGG iShares Core U.S. Aggregate | 3.35% | 413,983 | $41.0M | Add +2.3% |
| AMZN Amazon.com Inc. | 2.88% | 185,557 | $35.3M | Reduce -1.1% |
| SPDW Ste STR SPDR PT DW Eu ETF | 2.75% | 923,929 | $33.6M | Add +0.7% |
| NVDA Nvidia Corp. | 2.66% | 300,525 | $32.6M | Reduce -3.0% |
| IJH iShares Core S&P Midcap ETF | 2.36% | 494,031 | $28.8M | Add +0.5% |
| SCHX Schwab US Large-Cap ETF | 2.27% | 1,260,901 | $27.8M | Reduce -1.1% |
| COST Costco Wholesale Corp. | 2.21% | 28,609 | $27.1M | Add +4.6% |
| USFR Wisdomtree Floating Rate Tre | 2.09% | 508,609 | $25.6M | Add +3.4% |
| SPAB SS SPDR P Agg Bond ETF | 1.93% | 926,699 | $23.7M | Reduce -6.0% |
| AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO | 1.93% | 68,294 | $23.6M | Reduce -0.7% |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | 1.79% | 85,336 | $21.9M | Reduce -12.4% |
| GOOGL Alphabet Inc. Class A | 1.58% | 125,305 | $19.4M | Add +0.1% |
| BND Vanguard Total Bond Market | 1.47% | 245,127 | $18.0M | Add +14.0% |
| DLN Wisdomtree US Largecap Divid | 1.42% | 219,464 | $17.4M | Reduce -4.5% |
| XLK SS Technology Select Sector | 1.31% | 77,376 | $16.0M | Reduce -0.4% |
| IJR iShares Core S&P Small-Cap E | 1.30% | 152,363 | $15.9M | Add +2.6% |
| IWR iShares Russell Mid-Cap ETF | 1.23% | 176,731 | $15.0M | Reduce -0.8% |
| VB Vanguard Most SM-Cap ETF-Usd | 1.16% | 63,789 | $14.1M | Reduce -1.3% |
| META Meta Platforms Inc. Class A | 1.14% | 24,214 | $14.0M | Add +0.1% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.11% | 24,241 | $13.6M | Add +0.7% |
| VEA Vanguard Ftse Developed ETF | 1.03% | 247,862 | $12.6M | Add +1.4% |
| VUG Vanguard Mrngstar GR ETF-Sui | 1.02% | 33,633 | $12.5M | Reduce -1.0% |
| SCHF Schwab Intl Equity ETF | 0.97% | 599,648 | $11.9M | Reduce -6.8% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.92% | 21,194 | $11.3M | Reduce -2.1% |
| JPST JPMorgan Ultra-Short Income | 0.88% | 212,407 | $10.8M | Add +26.7% |
| VTI VG Morningstar TS MKT ETF-US | 0.84% | 37,441 | $10.3M | Reduce -14.9% |
| JPM JPMorgan Chase & Co. | 0.77% | 38,598 | $9.5M | Reduce -0.2% |
| GOOG Alphabet Inc. Class C | 0.74% | 57,909 | $9.0M | Reduce -9.9% |
| QQQ Invesco QQQ Trust Series 1 | 0.71% | 18,462 | $8.7M | Reduce -4.3% |
| V Visa Inc. Class A | 0.68% | 23,907 | $8.4M | Reduce -2.4% |
| PLTR Palantir Technologies Inc. Class A | 0.68% | 99,062 | $8.4M | Reduce -16.7% |
| FTNT Fortinet Inc. | 0.66% | 84,358 | $8.1M | Reduce -2.5% |
| JNJ Johnson & Johnson | 0.64% | 47,122 | $7.8M | Add +1.3% |
| VGT Vanguard Info Tech ETF | 0.62% | 13,946 | $7.6M | Add +0.1% |
| TSLA Tesla Inc. | 0.59% | 27,930 | $7.2M | Add +0.1% |
| SBUX Starbucks Corp. | 0.59% | 73,540 | $7.2M | Reduce -2.6% |
| VWO Vanguard Ftse Emerging Marke | 0.56% | 150,297 | $6.8M | Reduce -1.2% |
| GSST Goldman Sachs Ultra Short Bo | 0.55% | 132,447 | $6.7M | Add +18.4% |
| NKE Nike Inc. Class B | 0.54% | 104,790 | $6.7M | Add +1.7% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.54% | 25,716 | $6.7M | Reduce -1.3% |
| HD Home Depot Inc. | 0.54% | 18,039 | $6.6M | Reduce -1.2% |
| VTEB Vanguard Tax-Exempt Bond ETF | 0.52% | 129,476 | $6.4M | Add +6.0% |
| EFA iShares MSCI Eafe ETF | 0.49% | 73,896 | $6.0M | Reduce -7.0% |
| SPYG SS SPDR P S&P 500 Growth ETF | 0.48% | 72,462 | $5.8M | Add +10.7% |
| NFLX Netflix Inc. | 0.48% | 6,237 | $5.8M | Reduce -10.8% |
| GCOR Goldman Sachs Access US Agg | 0.46% | 137,398 | $5.7M | Reduce -15.6% |
| AMGN Amgen Inc. | 0.45% | 17,758 | $5.5M | Add +0.8% |
| TRV The Travelers Cos Inc. | 0.45% | 20,821 | $5.5M | Reduce -5.2% |
| UNH Unitedhealth Group Inc. | 0.44% | 10,395 | $5.4M | Reduce -2.9% |
| PEP Pepsico Inc. | 0.43% | 35,443 | $5.3M | Add +35.5% |
| PFE Pfizer Inc. | 0.42% | 201,465 | $5.1M | Add +20.7% |
| WPM Wheaton Precious Metals Corp. | 0.40% | 63,747 | $4.9M | Add +3.8% |
| ADBE Adobe Inc. | 0.40% | 12,674 | $4.9M | Add +22.6% |
| CTAS Cintas Corp. | 0.38% | 22,437 | $4.6M | Reduce -3.6% |
| XOM Exxon Mobil Corp. | 0.37% | 38,518 | $4.6M | Reduce -0.5% |
| VEEV Veeva Systems Inc. Class A | 0.37% | 19,381 | $4.5M | Reduce -11.0% |
| CMCSA Comcast Corp. Class A | 0.35% | 114,666 | $4.2M | Add +7.2% |
| PCAR Paccar Inc. | 0.34% | 43,271 | $4.2M | Reduce -57.8% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.34% | 41,986 | $4.1M | Reduce -1.6% |
| BLK BlackRock Inc. | 0.33% | 4,319 | $4.1M | Reduce -2.1% |
| UPS United Parcel Service Class B | 0.32% | 35,590 | $3.9M | Add +13.0% |
| SPEM State Street SP PTF Em ETF | 0.32% | 98,614 | $3.9M | Add +2.0% |
| BKNG Booking Holdings Inc. | 0.31% | 835 | $3.8M | Reduce -4.9% |
| LRCX Lam Research Corp. | 0.31% | 52,453 | $3.8M | Reduce -1.6% |
| DHR Danaher Corp. | 0.31% | 18,231 | $3.7M | Reduce -0.1% |
| CB Chubb Ltd. | 0.30% | 12,362 | $3.7M | Reduce -3.9% |
| ITA iShares U.S. Aerospace & Def | 0.30% | 24,066 | $3.7M | Add +8.2% |
| SOXX iShares Semiconductor ETF | 0.30% | 19,379 | $3.6M | Add +2.9% |
| RTX RTX Corp. | 0.29% | 26,838 | $3.6M | Reduce -8.9% |
| K Kellanova | 0.28% | 42,286 | $3.5M | Reduce -23.2% |
| MDY State Street SPDR S&P Midcap | 0.28% | 6,514 | $3.5M | Reduce -3.2% |
| ECL Ecolab Inc. | 0.28% | 13,650 | $3.5M | Reduce -2.3% |
| PYPL PayPal Holdings Inc. | 0.28% | 52,880 | $3.5M | Add +5.5% |
| VOO Vanguard S&P 500 ETF | 0.28% | 6,703 | $3.4M | Reduce -2.9% |
| SLYG SS SPDR S&P 600 SC GR ETF | 0.28% | 40,900 | $3.4M | Add +19.6% |
| PG The Procter & Gamble Co. | 0.27% | 19,587 | $3.3M | Add +2.3% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.26% | 4 | $3.2M | New |
| JEPI JPMorgan Equity Premium Inco | 0.25% | 54,395 | $3.1M | Reduce -1.7% |
| IVW iShares S&P 500 Growth ETF | 0.25% | 33,168 | $3.1M | No change |
| HON Honeywell International Inc. | 0.24% | 14,017 | $3.0M | Reduce -4.4% |
| MRK Merck & Co. Inc. | 0.24% | 33,046 | $3.0M | Add +33.1% |
| NOC Northrop Grumman Corp. | 0.24% | 5,779 | $3.0M | Reduce -7.4% |
| SCHM Schwab US Mid Cap ETF | 0.24% | 112,933 | $3.0M | Reduce -0.2% |
| UNP Union Pacific Corp. | 0.24% | 12,289 | $2.9M | Reduce -3.2% |
| CRM Salesforce Inc. | 0.24% | 10,742 | $2.9M | Add +49.7% |
| ALB Albemarle Corp. | 0.23% | 39,714 | $2.9M | Add +37.8% |
| CVX Chevron Corp. | 0.23% | 16,686 | $2.8M | Add +8.5% |
| IEMG iShares Core MSCI Emerging | 0.23% | 51,551 | $2.8M | Reduce -1.0% |
| QUAL iShares MSCI USA Quality Fac | 0.22% | 15,839 | $2.7M | Reduce -8.0% |
| EXPD Expeditors Intl Wash Inc. | 0.22% | 22,057 | $2.7M | Reduce -1.0% |
| NEE Nextera Energy Inc. | 0.21% | 36,978 | $2.6M | Reduce -0.9% |
| INTC Intel Corp. | 0.21% | 115,421 | $2.6M | Reduce -1.2% |
| ZTS Zoetis Inc. | 0.21% | 15,901 | $2.6M | Reduce -1.3% |
| PSA Public Storage | 0.20% | 8,031 | $2.4M | Add +1.7% |
| IWM iShares Russell 2000 ETF | 0.19% | 11,847 | $2.4M | Reduce -3.6% |
| MDYG SS SPDR S&P 400 MC GR ETF | 0.19% | 28,986 | $2.3M | Add +30.9% |
| GIGB Goldman Sachs Inv GRD Corp. | 0.18% | 48,374 | $2.2M | Reduce -8.3% |
Portfolio Sells Q4 2024 → Q1 2025
| MSFT Microsoft Corp. | Reduce -0.6% | 10.07% | −0.81 |
| NVDA Nvidia Corp. | Reduce -3.0% | 2.66% | −0.59 |
| AAPL Apple Inc. | Reduce -5.7% | 3.70% | −0.53 |
| PCAR Paccar Inc. | Reduce -57.8% | 0.34% | −0.49 |
| AMZN Amazon.com Inc. | Reduce -1.1% | 2.88% | −0.33 |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | Reduce -12.4% | 1.79% | −0.26 |
| GOOG Alphabet Inc. Class C | Reduce -9.9% | 0.74% | −0.22 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -14.9% | 0.84% | −0.16 |
| RH RH | Sold out | 0.00% | −0.14 |
| UBER Uber Technologies Inc. | Reduce -54.5% | 0.18% | −0.13 |
| XLK SS Technology Select Sector | Reduce -0.4% | 1.31% | −0.11 |
| VUG Vanguard Mrngstar GR ETF-Sui | Reduce -1.0% | 1.02% | −0.07 |
| IIPR Innovative Industrial Proper | Sold out | 0.00% | −0.07 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -4.3% | 0.71% | −0.06 |
| K Kellanova | Reduce -23.2% | 0.28% | −0.06 |
| TTEK Tetra Tech Inc. | Reduce -4.5% | 0.17% | −0.06 |
| VB Vanguard Most SM-Cap ETF-Usd | Reduce -1.3% | 1.16% | −0.06 |
| GCOR Goldman Sachs Access US Agg | Reduce -15.6% | 0.46% | −0.05 |
| ANET Arista Networks Inc. | Reduce -4.3% | 0.11% | −0.05 |
| SGOV iShares 0-3 Month Treasury B | Reduce -54.9% | 0.04% | −0.04 |
| SHOP Shopify Inc. Class A | Reduce -14.3% | 0.16% | −0.04 |
| NOW ServiceNow Inc. | Reduce -3.5% | 0.12% | −0.04 |
| SCHX Schwab US Large-Cap ETF | Reduce -1.1% | 2.27% | −0.03 |
| DIS The Walt Disney Co. | Reduce -1.6% | 0.34% | −0.03 |
| SLNZ TCW Senior Loan ETF | Reduce -64.3% | 0.02% | −0.03 |
| NBIX Neurocrine Biosciences Inc. | Sold out | 0.00% | −0.03 |
| LAND Gladstone Land Corp. | Sold out | 0.00% | −0.03 |
| TXN Texas Instruments Inc. | Reduce -16.3% | 0.15% | −0.03 |
| JMST JPM Ultra-Short Muni Income | Reduce -21.5% | 0.13% | −0.03 |
| BKNG Booking Holdings Inc. | Reduce -4.9% | 0.31% | −0.03 |
| EEMV iShares MSCI Emg MKT Min Vol | Sold out | 0.00% | −0.02 |
| USB US Bancorp | Reduce -5.6% | 0.15% | −0.02 |
| DHR Danaher Corp. | Reduce -0.1% | 0.31% | −0.02 |
| IRM Iron Mountain Inc. | Sold out | 0.00% | −0.02 |
| PLTR Palantir Technologies Inc. Class A | Reduce -16.7% | 0.68% | −0.02 |
| BLK BlackRock Inc. | Reduce -2.1% | 0.33% | −0.02 |
| IWM iShares Russell 2000 ETF | Reduce -3.6% | 0.19% | −0.02 |
| DLR Digital Realty Trust Inc. | Sold out | 0.00% | −0.02 |
| LEN Lennar Corp. Class A | Sold out | 0.00% | −0.02 |
| QUAL iShares MSCI USA Quality Fac | Reduce -8.0% | 0.22% | −0.02 |
| QLYS Qualys Inc. | Sold out | 0.00% | −0.02 |
| EQIX Equinix Inc. | Reduce -1.5% | 0.14% | −0.02 |
| UPWK Upwork Inc. | Reduce -4.2% | 0.07% | −0.02 |
| GQRE NT GLBL Qual Re ETF | Reduce -18.4% | 0.11% | −0.02 |
| IDXX Idexx Laboratories Inc. | Sold out | 0.00% | −0.02 |
| HON Honeywell International Inc. | Reduce -4.4% | 0.24% | −0.02 |
| MRSH Marsh & McLennan Cos | Sold out | 0.00% | −0.02 |
| PNC PNC Financial Services Group | Reduce -26.4% | 0.04% | −0.02 |
| MDY State Street SPDR S&P Midcap | Reduce -3.2% | 0.28% | −0.02 |
| HD Home Depot Inc. | Reduce -1.2% | 0.54% | −0.01 |
Portfolio Buys Q4 2024 → Q1 2025
| SPDW Ste STR SPDR PT DW Eu ETF | Add +0.7% | 2.75% | +0.30 |
| AGG iShares Core U.S. Aggregate | Add +2.3% | 3.35% | +0.28 |
| BND Vanguard Total Bond Market | Add +14.0% | 1.47% | +0.26 |
| BRK.A Berkshire Hathaway Inc. Class A | New | 0.26% | +0.26 |
| COST Costco Wholesale Corp. | Add +4.6% | 2.21% | +0.25 |
| JPST JPMorgan Ultra-Short Income | Add +26.7% | 0.88% | +0.22 |
| USFR Wisdomtree Floating Rate Tre | Add +3.4% | 2.09% | +0.16 |
| IVV iShares Core S&P 500 ETF | Add +3.9% | 4.28% | +0.15 |
| WPM Wheaton Precious Metals Corp. | Add +3.8% | 0.40% | +0.13 |
| PEP Pepsico Inc. | Add +35.5% | 0.43% | +0.12 |
| VEA Vanguard Ftse Developed ETF | Add +1.4% | 1.03% | +0.12 |
| KR Kroger Co. | Add +168.8% | 0.17% | +0.12 |
| JNJ Johnson & Johnson | Add +1.3% | 0.64% | +0.11 |
| GSST Goldman Sachs Ultra Short Bo | Add +18.4% | 0.55% | +0.11 |
| DBND Doubleline Oppor Cor BND-Usd | Add +152.0% | 0.16% | +0.10 |
| AMGN Amgen Inc. | Add +0.8% | 0.45% | +0.09 |
| PFE Pfizer Inc. | Add +20.7% | 0.42% | +0.07 |
| DG Dollar General Corp. | Add +28.4% | 0.18% | +0.06 |
| NVO Novo-Nordisk A/S-Spons ADR | Add +102.3% | 0.14% | +0.06 |
| CVX Chevron Corp. | Add +8.5% | 0.23% | +0.05 |
| IEFA iShares Core MSCI Eafe ETF | Add +48.0% | 0.13% | +0.05 |
| MRK Merck & Co. Inc. | Add +33.1% | 0.24% | +0.05 |
| MBB iShares MBS ETF | Add +31.8% | 0.17% | +0.05 |
| ITA iShares U.S. Aerospace & Def | Add +8.2% | 0.30% | +0.05 |
| CRM Salesforce Inc. | Add +49.7% | 0.24% | +0.05 |
| IBM Intl Business Machines Corp. | New | 0.05% | +0.05 |
| VTEB Vanguard Tax-Exempt Bond ETF | Add +6.0% | 0.52% | +0.05 |
| LYB Lyondellbasell Indu Class A | Add +135.6% | 0.08% | +0.04 |
| TSN Tyson Foods Inc. Class A | Add +14.4% | 0.17% | +0.04 |
| ALB Albemarle Corp. | Add +37.8% | 0.23% | +0.04 |
| CROX Crocs Inc. | New | 0.04% | +0.04 |
| ADBE Adobe Inc. | Add +22.6% | 0.40% | +0.04 |
| MDYG SS SPDR S&P 400 MC GR ETF | Add +30.9% | 0.19% | +0.04 |
| SLYG SS SPDR S&P 600 SC GR ETF | Add +19.6% | 0.28% | +0.04 |
| META Meta Platforms Inc. Class A | Add +0.1% | 1.14% | +0.03 |
| CMCSA Comcast Corp. Class A | Add +7.2% | 0.35% | +0.03 |
| IAU iShares Gold Trust | Add +2.3% | 0.15% | +0.03 |
| VTV Vanguard Mrngstr Val ETF-Aui | Add +43.7% | 0.08% | +0.03 |
| YELP Yelp Inc. | Add +30.4% | 0.12% | +0.03 |
| BXP BXP Inc. | Add +35.2% | 0.13% | +0.03 |
| SPEM State Street SP PTF Em ETF | Add +2.0% | 0.32% | +0.03 |
| SPYG SS SPDR P S&P 500 Growth ETF | Add +10.7% | 0.48% | +0.03 |
| SHM SS SPDR N Ice St Muni ETF | Add +54.2% | 0.07% | +0.03 |
| XBI SS SPDR S&P Biotech ETF | Add +25.5% | 0.16% | +0.02 |
| CMF iShares California Muni Bond | Add +36.8% | 0.08% | +0.02 |
| KO The Coca-Cola Co. | New | 0.02% | +0.02 |
| GS Goldman Sachs Group Inc. | Add +113.6% | 0.04% | +0.02 |
| PG The Procter & Gamble Co. | Add +2.3% | 0.27% | +0.02 |
| VRTX Vertex Pharmaceuticals Inc. | Add +4.7% | 0.09% | +0.02 |
| TFI SS SPDR N Ice Muni Bond ETF | Add +85.7% | 0.04% | +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 |