Bristlecone Advisors, LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 4, 2025), Bristlecone Advisors, LLC reported 293 stock positions worth $1.2 billion. Its top holding was Microsoft (MSFT) at 13.2% of the portfolio, followed by iShares Core S&P 500 ETF (IVV, 5.0%) and Nvidia (NVDA, 3.5%). Compared with Q1 2025, it opened 8 new positions, sold out of 92, added to 50 and reduced 163. The biggest buy was iShares Core S&P 500 ETF (IVV, shares +4%) and the biggest sale Wisdomtree Floating Rate Tre (USFR, shares −67%).
- Most Recent 13F
- Q3 2025
- Location
- BELLEVUE, WA
- CIK
- 0001671716
- Portfolio Value
- $1.2B (Q2 2025)
- SEC Filing
- 0001398344-25-014361 ↗ filed Aug 4, 2025
Holdings Value
Holdings 293 stocks · $1.2B
| MSFT Microsoft Corp. | 13.21% | 316,184 | $157.3M | Reduce -3.7% |
| IVV iShares Core S&P 500 ETF | 5.03% | 96,559 | $60.0M | Add +3.6% |
| NVDA Nvidia Corp. | 3.49% | 262,753 | $41.5M | Reduce -12.6% |
| AAPL Apple Inc. | 3.42% | 198,490 | $40.7M | Reduce -2.6% |
| AGG iShares Core U.S. Aggregate | 3.25% | 389,736 | $38.7M | Reduce -5.9% |
| SPDW Ste STR SPDR PT DW Eu ETF | 3.24% | 953,060 | $38.6M | Add +3.1% |
| AMZN Amazon.com Inc. | 2.90% | 157,320 | $34.5M | Reduce -15.2% |
| IJH iShares Core S&P Midcap ETF | 2.56% | 491,535 | $30.5M | Reduce -0.5% |
| SCHX Schwab US Large-Cap ETF | 2.53% | 1,233,593 | $30.1M | Reduce -2.2% |
| COST Costco Wholesale Corp. | 2.22% | 26,703 | $26.4M | Reduce -6.7% |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | 2.00% | 83,545 | $23.8M | Reduce -2.1% |
| SPAB SS SPDR P Agg Bond ETF | 1.95% | 904,947 | $23.2M | Reduce -2.4% |
| AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO | 1.82% | 67,794 | $21.7M | Reduce -0.7% |
| XLK SS Technology Select Sector | 1.63% | 76,835 | $19.5M | Reduce -0.7% |
| GOOGL Alphabet Inc. Class A | 1.57% | 106,228 | $18.7M | Reduce -15.2% |
| DLN Wisdomtree US Largecap Divid | 1.54% | 223,864 | $18.4M | Add +2.0% |
| BND Vanguard Total Bond Market | 1.51% | 243,881 | $18.0M | Reduce -0.5% |
| IJR iShares Core S&P Small-Cap E | 1.43% | 155,274 | $17.0M | Add +1.9% |
| VB Vanguard Most SM-Cap ETF-Usd | 1.26% | 63,441 | $15.0M | Reduce -0.6% |
| IWR iShares Russell Mid-Cap ETF | 1.26% | 163,022 | $15.0M | Reduce -7.8% |
| VEA Vanguard Ftse Developed ETF | 1.25% | 260,470 | $14.8M | Add +5.1% |
| VUG Vanguard Mrngstar GR ETF-Sui | 1.22% | 33,127 | $14.5M | Reduce -1.5% |
| META Meta Platforms Inc. Class A | 1.22% | 19,664 | $14.5M | Reduce -18.8% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.21% | 23,401 | $14.5M | Reduce -3.5% |
| JPST JPMorgan Ultra-Short Income | 1.18% | 276,427 | $14.0M | Add +30.1% |
| SCHF Schwab Intl Equity ETF | 1.12% | 602,267 | $13.3M | Add +0.4% |
| VTI VG Morningstar TS MKT ETF-US | 0.97% | 38,144 | $11.6M | Add +1.9% |
| JPM JPMorgan Chase & Co. | 0.86% | 35,152 | $10.2M | Reduce -8.9% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.83% | 20,242 | $9.8M | Reduce -4.5% |
| QQQ Invesco QQQ Trust Series 1 | 0.73% | 15,652 | $8.6M | Reduce -15.2% |
| VGT Vanguard Info Tech ETF | 0.71% | 12,804 | $8.5M | Reduce -8.2% |
| USFR Wisdomtree Floating Rate Tre | 0.71% | 168,677 | $8.5M | Reduce -66.8% |
| PLTR Palantir Technologies Inc. Class A | 0.71% | 62,002 | $8.5M | Reduce -37.4% |
| FTNT Fortinet Inc. | 0.68% | 76,451 | $8.1M | Reduce -9.4% |
| V Visa Inc. Class A | 0.67% | 22,560 | $8.0M | Reduce -5.6% |
| VWO Vanguard Ftse Emerging Marke | 0.63% | 151,514 | $7.5M | Add +0.8% |
| GSST Goldman Sachs Ultra Short Bo | 0.62% | 146,254 | $7.4M | Add +10.4% |
| TSLA Tesla Inc. | 0.61% | 23,038 | $7.3M | Reduce -17.5% |
| NFLX Netflix Inc. | 0.61% | 5,458 | $7.3M | Reduce -12.5% |
| SPYG SS SPDR P S&P 500 Growth ETF | 0.60% | 74,537 | $7.1M | Add +2.9% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.58% | 24,485 | $6.9M | Reduce -4.8% |
| EFA iShares MSCI Eafe ETF | 0.56% | 74,058 | $6.6M | Add +0.2% |
| JNJ Johnson & Johnson | 0.52% | 40,576 | $6.2M | Reduce -13.9% |
| HD Home Depot Inc. | 0.51% | 16,509 | $6.1M | Reduce -8.5% |
| NKE Nike Inc. Class B | 0.48% | 80,615 | $5.7M | Reduce -23.1% |
| GCOR Goldman Sachs Access US Agg | 0.48% | 138,055 | $5.7M | Add +0.5% |
| TRV The Travelers Cos Inc. | 0.45% | 19,843 | $5.3M | Reduce -4.7% |
| SBUX Starbucks Corp. | 0.44% | 56,579 | $5.2M | Reduce -23.1% |
| AMGN Amgen Inc. | 0.40% | 17,094 | $4.8M | Reduce -3.7% |
| CTAS Cintas Corp. | 0.40% | 21,402 | $4.8M | Reduce -4.6% |
| VTEB Vanguard Tax-Exempt Bond ETF | 0.39% | 94,276 | $4.6M | Reduce -27.2% |
| SOXX iShares Semiconductor ETF | 0.39% | 19,260 | $4.6M | Reduce -0.6% |
| BKNG Booking Holdings Inc. | 0.38% | 780 | $4.5M | Reduce -6.6% |
| ITA iShares U.S. Aerospace & Def | 0.38% | 23,718 | $4.5M | Reduce -1.4% |
| SPEM State Street SP PTF Em ETF | 0.37% | 102,753 | $4.4M | Add +4.2% |
| BLK BlackRock Inc. | 0.36% | 4,083 | $4.3M | Reduce -5.5% |
| XOM Exxon Mobil Corp. | 0.34% | 37,251 | $4.0M | Reduce -3.3% |
| PEP Pepsico Inc. | 0.33% | 30,101 | $4.0M | Reduce -15.1% |
| LRCX Lam Research Corp. | 0.33% | 40,632 | $4.0M | Reduce -22.5% |
| PCAR Paccar Inc. | 0.33% | 41,598 | $4.0M | Reduce -3.9% |
| VOO Vanguard S&P 500 ETF | 0.32% | 6,735 | $3.8M | Add +0.5% |
| RTX RTX Corp. | 0.32% | 25,777 | $3.8M | Reduce -4.0% |
| WPM Wheaton Precious Metals Corp. | 0.32% | 41,774 | $3.8M | Reduce -34.5% |
| MDY State Street SPDR S&P Midcap | 0.31% | 6,494 | $3.7M | Reduce -0.3% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.30% | 29,275 | $3.6M | Reduce -30.3% |
| ECL Ecolab Inc. | 0.30% | 13,277 | $3.6M | Reduce -2.7% |
| ADBE Adobe Inc. | 0.30% | 9,222 | $3.6M | Reduce -27.2% |
| IVW iShares S&P 500 Growth ETF | 0.30% | 32,388 | $3.6M | Reduce -2.4% |
| DHR Danaher Corp. | 0.30% | 17,799 | $3.5M | Reduce -2.4% |
| CB Chubb Ltd. | 0.29% | 12,011 | $3.5M | Reduce -2.8% |
| SLYG SS SPDR S&P 600 SC GR ETF | 0.28% | 38,097 | $3.4M | Reduce -6.8% |
| VEEV Veeva Systems Inc. Class A | 0.28% | 11,416 | $3.3M | Reduce -41.1% |
| JEPI JPMorgan Equity Premium Inco | 0.27% | 56,778 | $3.2M | Add +4.4% |
| PG The Procter & Gamble Co. | 0.26% | 19,490 | $3.1M | Reduce -0.5% |
| SCHM Schwab US Mid Cap ETF | 0.26% | 110,106 | $3.1M | Reduce -2.5% |
| HON Honeywell International Inc. | 0.26% | 13,102 | $3.1M | Reduce -6.5% |
| MBB iShares MBS ETF | 0.25% | 31,883 | $3.0M | Add +44.7% |
| QUAL iShares MSCI USA Quality Fac | 0.24% | 15,631 | $2.9M | Reduce -1.3% |
| UBER Uber Technologies Inc. | 0.24% | 30,077 | $2.8M | Reduce -0.0% |
| UNH Unitedhealth Group Inc. | 0.24% | 8,992 | $2.8M | Reduce -13.5% |
| NOC Northrop Grumman Corp. | 0.23% | 5,394 | $2.7M | Reduce -6.7% |
| IEMG iShares Core MSCI Emerging | 0.22% | 43,059 | $2.6M | Reduce -16.5% |
| UNP Union Pacific Corp. | 0.22% | 11,231 | $2.6M | Reduce -8.6% |
| NEE Nextera Energy Inc. | 0.21% | 36,419 | $2.5M | Reduce -1.5% |
| DBND Doubleline Oppor Cor BND-Usd | 0.20% | 52,670 | $2.4M | Add +20.4% |
| EXPD Expeditors Intl Wash Inc. | 0.20% | 21,224 | $2.4M | Reduce -3.8% |
| ZTS Zoetis Inc. | 0.20% | 15,362 | $2.4M | Reduce -3.4% |
| GOOG Alphabet Inc. Class C | 0.20% | 13,261 | $2.4M | Reduce -77.1% |
| VXUS Vanguard Total Intl Stock | 0.19% | 32,696 | $2.3M | Add +4.9% |
| GIGB Goldman Sachs Inv GRD Corp. | 0.19% | 49,033 | $2.3M | Add +1.4% |
| TTEK Tetra Tech Inc. | 0.19% | 62,413 | $2.2M | Reduce -9.9% |
| MDYG SS SPDR S&P 400 MC GR ETF | 0.19% | 25,531 | $2.2M | Reduce -11.9% |
| JMST JPM Ultra-Short Muni Income filed as J P MORGAN EXCHANGE TRADED F | 0.18% | 43,097 | $2.2M | Add +42.7% |
| UPS United Parcel Service Class B | 0.18% | 21,369 | $2.2M | Reduce -40.0% |
| SCHG Schwab US Large-Cap Growth | 0.18% | 73,300 | $2.1M | Add +0.0% |
| VLO Valero Energy Corp. | 0.18% | 15,655 | $2.1M | Add +0.2% |
| PSA Public Storage | 0.18% | 7,150 | $2.1M | Reduce -11.0% |
| TXN Texas Instruments Inc. | 0.17% | 9,992 | $2.1M | Reduce -2.9% |
| KLAC KLA Corp. | 0.17% | 2,256 | $2.0M | Reduce -12.7% |
| PYPL PayPal Holdings Inc. | 0.17% | 26,987 | $2.0M | Reduce -49.0% |
Portfolio Sells Q1 2025 → Q2 2025
| USFR Wisdomtree Floating Rate Tre | Reduce -66.8% | 0.71% | −1.38 |
| GOOG Alphabet Inc. Class C | Reduce -77.1% | 0.20% | −0.54 |
| AAPL Apple Inc. | Reduce -2.6% | 3.42% | −0.28 |
| PFE Pfizer Inc. | Reduce -62.5% | 0.15% | −0.26 |
| K Kellanova | Reduce -73.6% | 0.07% | −0.21 |
| UNH Unitedhealth Group Inc. | Reduce -13.5% | 0.24% | −0.21 |
| BRK.A Berkshire Hathaway Inc. Class A | Reduce -75.0% | 0.06% | −0.20 |
| CMCSA Comcast Corp. Class A | Reduce -54.7% | 0.16% | −0.19 |
| TSN Tyson Foods Inc. Class A | Sold out | 0.00% | −0.17 |
| ALB Albemarle Corp. | Reduce -67.5% | 0.07% | −0.17 |
| SBUX Starbucks Corp. | Reduce -23.1% | 0.44% | −0.15 |
| TTD Trade Desk Inc./the Class A | Reduce -90.5% | 0.02% | −0.15 |
| MRK Merck & Co. Inc. | Reduce -57.4% | 0.09% | −0.15 |
| DG Dollar General Corp. | Reduce -85.9% | 0.03% | −0.14 |
| SHOP Shopify Inc. Class A | Reduce -89.4% | 0.02% | −0.14 |
| UPS United Parcel Service Class B | Reduce -40.0% | 0.18% | −0.14 |
| VTEB Vanguard Tax-Exempt Bond ETF | Reduce -27.2% | 0.39% | −0.14 |
| BXP BXP Inc. | Sold out | 0.00% | −0.13 |
| YELP Yelp Inc. | Sold out | 0.00% | −0.12 |
| INTC Intel Corp. | Reduce -56.9% | 0.09% | −0.12 |
| JNJ Johnson & Johnson | Reduce -13.9% | 0.52% | −0.12 |
| NOW ServiceNow Inc. | Sold out | 0.00% | −0.12 |
| CRM Salesforce Inc. | Reduce -51.8% | 0.12% | −0.12 |
| PYPL PayPal Holdings Inc. | Reduce -49.0% | 0.17% | −0.11 |
| SFM Sprouts Farmers Market Inc. | Sold out | 0.00% | −0.11 |
| AJG Arthur J Gallagher & Co. | Reduce -0.7% | 1.82% | −0.10 |
| KR Kroger Co. | Reduce -62.8% | 0.07% | −0.10 |
| PEP Pepsico Inc. | Reduce -15.1% | 0.33% | −0.10 |
| AGG iShares Core U.S. Aggregate | Reduce -5.9% | 3.25% | −0.10 |
| ADBE Adobe Inc. | Reduce -27.2% | 0.30% | −0.10 |
| SUI Sun Communities Inc. | Sold out | 0.00% | −0.10 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -4.5% | 0.83% | −0.10 |
| ETSY Etsy Inc. | Sold out | 0.00% | −0.10 |
| EPAM Epam Systems Inc. | Sold out | 0.00% | −0.09 |
| VEEV Veeva Systems Inc. Class A | Reduce -41.1% | 0.28% | −0.09 |
| WPM Wheaton Precious Metals Corp. | Reduce -34.5% | 0.32% | −0.09 |
| VRTX Vertex Pharmaceuticals Inc. | Sold out | 0.00% | −0.09 |
| HTGC Hercules Capital Inc. | Sold out | 0.00% | −0.09 |
| C Citigroup Inc. | Sold out | 0.00% | −0.08 |
| ZS Zscaler Inc. | Sold out | 0.00% | −0.08 |
| LYB Lyondellbasell Indu Class A | Sold out | 0.00% | −0.08 |
| LAD Lithia Motors Inc. | Sold out | 0.00% | −0.07 |
| LULU Lululemon Athletica Inc. | Sold out | 0.00% | −0.07 |
| OKE Oneok Inc. | Sold out | 0.00% | −0.07 |
| UPWK Upwork Inc. | Sold out | 0.00% | −0.07 |
| NKE Nike Inc. Class B | Reduce -23.1% | 0.48% | −0.06 |
| BSM Black Stone Minerals LP | Sold out | 0.00% | −0.06 |
| CVX Chevron Corp. | Reduce -16.9% | 0.17% | −0.06 |
| CVS CVS Health Corp. | Sold out | 0.00% | −0.06 |
| OKTA Okta Inc. | Sold out | 0.00% | −0.06 |
Portfolio Buys Q1 2025 → Q2 2025
| IVV iShares Core S&P 500 ETF | Add +3.6% | 5.03% | +0.76 |
| SPDW Ste STR SPDR PT DW Eu ETF | Add +3.1% | 3.24% | +0.49 |
| JPST JPMorgan Ultra-Short Income | Add +30.1% | 1.18% | +0.30 |
| VEA Vanguard Ftse Developed ETF | Add +5.1% | 1.25% | +0.22 |
| SCHF Schwab Intl Equity ETF | Add +0.4% | 1.12% | +0.15 |
| VTI VG Morningstar TS MKT ETF-US | Add +1.9% | 0.97% | +0.13 |
| IJR iShares Core S&P Small-Cap E | Add +1.9% | 1.43% | +0.12 |
| DLN Wisdomtree US Largecap Divid | Add +2.0% | 1.54% | +0.12 |
| SPYG SS SPDR P S&P 500 Growth ETF | Add +2.9% | 0.60% | +0.12 |
| MBB iShares MBS ETF | Add +44.7% | 0.25% | +0.08 |
| BTC Grayscale Bitcoin Mini ETF | New | 0.08% | +0.08 |
| GSST Goldman Sachs Ultra Short Bo | Add +10.4% | 0.62% | +0.07 |
| VWO Vanguard Ftse Emerging Marke | Add +0.8% | 0.63% | +0.07 |
| EFA iShares MSCI Eafe ETF | Add +0.2% | 0.56% | +0.06 |
| JMST JPM Ultra-Short Muni Income | Add +42.7% | 0.18% | +0.06 |
| SPEM State Street SP PTF Em ETF | Add +4.2% | 0.37% | +0.05 |
| VOO Vanguard S&P 500 ETF | Add +0.5% | 0.32% | +0.04 |
| DBND Doubleline Oppor Cor BND-Usd | Add +20.4% | 0.20% | +0.04 |
| VXUS Vanguard Total Intl Stock | Add +4.9% | 0.19% | +0.03 |
| SCHG Schwab US Large-Cap Growth | Add +0.0% | 0.18% | +0.03 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | Add +290.4% | 0.04% | +0.03 |
| VOT Vngrd Mrngstr MC GRW ETF-Usd | Add +4682.6% | 0.03% | +0.03 |
| AMD Advanced Micro Devices | Add +19.8% | 0.06% | +0.02 |
| DLS Wisdomtree Intl S/C DVD Fund | Add +3.3% | 0.14% | +0.02 |
| BA The Boeing Co. | Add +5.8% | 0.09% | +0.02 |
| GBIL Goldman Sachs Access Treasur | Add +16.8% | 0.13% | +0.02 |
| ORCL Oracle Corp. | New | 0.02% | +0.02 |
| IDXX Idexx Laboratories Inc. | New | 0.02% | +0.02 |
| NVS Novartis AG-Sponsored ADR | New | 0.02% | +0.02 |
| JEPI JPMorgan Equity Premium Inco | Add +4.4% | 0.27% | +0.02 |
| VTES Vanguard SH Term Tax-Ex Bond | New | 0.02% | +0.02 |
| GCOR Goldman Sachs Access US Agg | Add +0.5% | 0.48% | +0.02 |
| IBM Intl Business Machines Corp. | Add +3.1% | 0.06% | +0.01 |
| GLDM SPDR Gold Minishares Trust | Add +44.4% | 0.03% | +0.01 |
| VYM Vanguard High DVD Yield ETF | Add +0.1% | 0.17% | +0.01 |
| GLD SPDR Gold Shares | Add +36.0% | 0.03% | +0.01 |
| GIGB Goldman Sachs Inv GRD Corp. | Add +1.4% | 0.19% | +0.01 |
| VLO Valero Energy Corp. | Add +0.2% | 0.18% | +0.01 |
| HYGV NT HY Val-SCRD BD ETF | New | 0.01% | +0.01 |
| SGOV iShares 0-3 Month Treasury B | Add +13.5% | 0.04% | +0.01 |
| IUSG iShares Core S&P U.S. Growth | New | 0.00% | +0.00 |
| VEU Vanguard Ftse All-World Ex-U | Add +0.6% | 0.03% | +0.00 |
| ESGV Vanguard ESG US Stock ETF | Add +0.6% | 0.02% | +0.00 |
| EEM iShares MSCI Emerging Market | Add +15.8% | 0.01% | +0.00 |
| VCIT Vanguard Int-Term Corporate | Add +1.2% | 0.03% | +0.00 |
| SCHI Schwab 5-10 Year Corporate B | Add +1.3% | 0.02% | +0.00 |
| SCHE Schwab Emrg Mrkts Eqty ETF | Add +0.1% | 0.01% | +0.00 |
| PRF Invesco Rafi US 1000 ETF | Add +0.5% | 0.00% | +0.00 |
| IEI iShares 3-7 Year Treasury Bo | Add +1.0% | 0.01% | +0.00 |
| FNDF Schwab Fndmn Intl LRG Co. ETF | Add +0.5% | 0.00% | +0.00 |
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 |