Cairn Investment Group, Inc.

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 17, 2025), Cairn Investment Group, Inc. reported 68 stock positions worth $191.5 million. Its top holding was Vanguard Total Intl Stock (VXUS) at 11.1% of the portfolio, followed by Vanguard Ftse Emerging Marke (VWO, 5.9%) and Apple (AAPL, 4.6%). Compared with Q1 2025, it opened 5 new positions, sold out of 3, added to 25 and reduced 23. The biggest buy was Pepsico (PEP, shares +904%) and the biggest sale an exit from Lyondellbasell Indu Class A (LYB).

Most Recent 13F
Q2 2026
Location
VANCOUVER, WA
CIK
0001800358
Portfolio Value
$191.5M (Q2 2025)
SEC Filing
0001800358-25-000003 ↗ filed Jul 17, 2025

Holdings Value

0$50.0M$100.0M$150.0M$200.0M$250.0M Q1 2024: $174.2M Q1 2024 Q2 2024: $171.4M Q2 2024 Q3 2024: $181.0M Q3 2024 Q4 2024: $170.2M Q4 2024 Q1 2025: $177.0M Q1 2025 Q2 2025: $191.5M $191.5M Q2 2025 Q3 2025: $219.4M Q3 2025 Q4 2025: $210.7M Q4 2025 Q1 2026: $201.2M Q1 2026 Q2 2026: $226.7M Q2 2026

Holdings 68 stocks · $191.5M

VXUS Vanguard Total Intl Stock 11.12% 308,109 $21.3M Add +3.2%
VWO Vanguard Ftse Emerging Marke 5.88% 227,668 $11.3M Reduce -1.2%
AAPL Apple Inc. 4.63% 43,227 $8.9M Reduce -1.5%
EWZ iShares MSCI Brazil ETF 4.29% 284,705 $8.2M Add +1.3%
GDX Vaneck Gold Miners ETF 4.26% 156,755 $8.2M Reduce -1.9%
GS Goldman Sachs Group Inc. 3.75% 10,147 $7.2M Reduce -1.4%
AYI Acuity Inc. 3.65% 23,402 $7.0M Reduce -0.1%
BKNG Booking Holdings Inc. 3.24% 1,071 $6.2M Reduce -2.9%
QCOM Qualcomm Inc. 2.88% 34,678 $5.5M Add +0.6%
BorgWarner Inc 2.82% 161,475 $5.4M Add +1.1%
SBUX Starbucks Corp. 2.81% 58,775 $5.4M Add +1.1%
EXPD Expeditors Intl Wash Inc. 2.65% 44,420 $5.1M Add +0.9%
SYY Sysco Corp 2.60% 65,735 $5.0M Add +1.1%
CI The Cigna Group 2.52% 14,604 $4.8M Add +1.3%
PEP Pepsico Inc. 2.45% 35,555 $4.7M Add +904.4%
FFIV F5 Inc. 2.42% 15,731 $4.6M Reduce -1.0%
CTSH Cognizant Tech Solutions-A 2.26% 55,530 $4.3M Add +1.4%
MRK Merck & Co. Inc. 2.26% 54,585 $4.3M Add +1459.6%
KR Kroger Co. 2.21% 58,902 $4.2M Add +0.3%
COST Costco Wholesale Corp. 2.07% 4,011 $4.0M Add +3.9%
CMCSA Comcast Corp. Class A 2.02% 108,315 $3.9M Add +1.8%
EOG EOG Resources Inc. 1.82% 29,066 $3.5M Add +1.7%
PCAR Paccar Inc. 1.63% 32,812 $3.1M Reduce -0.5%
OMC Omnicom Group 1.58% 41,956 $3.0M Reduce -2.9%
META Meta Platforms Inc. Class A 1.51% 3,928 $2.9M Reduce -49.2%
COLM Columbia Sportswear Co. 1.41% 44,189 $2.7M Reduce -0.5%
MCK McKesson Corp. 1.40% 3,650 $2.7M Reduce -0.9%
GILD Gilead Sciences Inc. 1.29% 22,283 $2.5M Add +0.7%
LLY Eli Lilly & Co. 1.22% 2,985 $2.3M No change
GOOGL Alphabet Inc. Class A 1.12% 12,124 $2.1M Reduce -0.9%
VONV Vanguard Russell 1000 Value 1.08% 24,357 $2.1M Reduce -3.4%
CAH Cardinal Health Inc. 1.07% 12,192 $2.0M Add +1.9%
BRK.B Berkshire Hathaway Inc. Class B 0.96% 3,787 $1.8M Add +31.6%
VZ Verizon Communications Inc. 0.96% 42,502 $1.8M Add +9.1%
CSCO Cisco Systems Inc. 0.91% 25,102 $1.7M Add +1.2%
MSFT Microsoft Corp. 0.77% 2,948 $1.5M Reduce -2.7%
EW Edwards Lifesciences Corp. 0.73% 17,800 $1.4M Add +16.3%
USB US Bancorp 0.69% 29,188 $1.3M Add +12.1%
BIIB Biogen Inc. 0.54% 8,274 $1.0M Reduce -1.0%
JPMorgan Chase & Co 0.54% 3,557 $1.0M No change
GBIL Goldman Sachs Access Treasur 0.47% 8,950 $896K Reduce -17.1%
AMZN Amazon.com Inc. 0.38% 3,350 $735K Add +36.7%
NVO Novo-Nordisk A/S-Spons ADR 0.37% 10,328 $713K Add +4.5%
AXP American Express Co. 0.32% 1,900 $606K No change
V Visa Inc. Class A 0.31% 1,682 $597K Reduce -10.6%
XOM Exxon Mobil Corp. 0.27% 4,784 $516K Reduce -53.4%
MMM 3M Co. 0.27% 3,370 $513K No change
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.25% 3,885 $482K No change
CTAS Cintas Corp. 0.24% 2,077 $463K Reduce -3.7%
AMP Ameriprise Financial Inc. 0.23% 814 $434K No change
EMR Emerson Electric Co. 0.22% 3,200 $427K No change
COWZ Pacer US Cash Cows 100 ETF 0.22% 7,720 $425K Add +46.2%
F Ford Motor Co. filed as FORD MTR CO 0.22% 38,525 $418K Reduce -2.3%
SHV iShares 0-1 Year Treasury Bo 0.21% 3,675 $406K New
IEFA iShares Core MSCI Eafe ETF 0.21% 4,811 $402K No change
VIG Vanguard Dividend Apprec ETF 0.19% 1,752 $359K No change
IVV iShares Core S&P 500 ETF 0.18% 550 $341K Reduce -8.3%
CVX Chevron Corp. 0.16% 2,165 $310K Reduce -34.1%
BA The Boeing Co. 0.15% 1,380 $289K New
UNH Unitedhealth Group Inc. 0.14% 841 $262K No change
UNP Union Pacific Corp. 0.13% 1,110 $255K No change
ABT Abbott Laboratories 0.13% 1,849 $251K No change
COR Cencora Inc. 0.12% 780 $234K New
DVY iShares Select Dividend ETF 0.12% 1,742 $231K No change
TDY Teledyne Technologies Inc. 0.12% 446 $228K No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.12% 4,768 $226K New
SPGI S&P Global Inc. 0.11% 414 $218K No change
KLAC KLA Corp. 0.11% 232 $208K New

Portfolio Sells Q1 2025 → Q2 2025

LYB Lyondellbasell Indu Class A Sold out 0.00% −1.67
META Meta Platforms Inc. Class A Reduce -49.2% 1.51% −1.00
AAPL Apple Inc. Reduce -1.5% 4.63% −0.88
COLM Columbia Sportswear Co. Reduce -0.5% 1.41% −0.49
OMC Omnicom Group Reduce -2.9% 1.58% −0.45
XOM Exxon Mobil Corp. Reduce -53.4% 0.27% −0.42
PCAR Paccar Inc. Reduce -0.5% 1.63% −0.19
CVX Chevron Corp. Reduce -34.1% 0.16% −0.15
GBIL Goldman Sachs Access Treasur Reduce -17.1% 0.47% −0.14
Nordstrom Inc Sold out 0.00% −0.13
AbbVie Inc Sold out 0.00% −0.12
BIIB Biogen Inc. Reduce -1.0% 0.54% −0.10
VONV Vanguard Russell 1000 Value Reduce -3.4% 1.08% −0.09
V Visa Inc. Class A Reduce -10.6% 0.31% −0.06
IVV iShares Core S&P 500 ETF Reduce -8.3% 0.18% −0.01
VWO Vanguard Ftse Emerging Marke Reduce -1.2% 5.88% −0.01
CTAS Cintas Corp. Reduce -3.7% 0.24% −0.01
F Ford Motor Co. Reduce -2.3% 0.22% −0.00
MCK McKesson Corp. Reduce -0.9% 1.40% −0.00
FFIV F5 Inc. Reduce -1.0% 2.42% +0.03
GOOGL Alphabet Inc. Class A Reduce -0.9% 1.12% +0.05
GDX Vaneck Gold Miners ETF Reduce -1.9% 4.26% +0.11
MSFT Microsoft Corp. Reduce -2.7% 0.77% +0.12
AYI Acuity Inc. Reduce -0.1% 3.65% +0.16
BKNG Booking Holdings Inc. Reduce -2.9% 3.24% +0.37
GS Goldman Sachs Group Inc. Reduce -1.4% 3.75% +0.57

Portfolio Buys Q1 2025 → Q2 2025

PEP Pepsico Inc. Add +904.4% 2.45% +2.15
MRK Merck & Co. Inc. Add +1459.6% 2.26% +2.08
VXUS Vanguard Total Intl Stock Add +3.2% 11.12% +0.64
BorgWarner Inc Add +1.1% 2.82% +0.24
SHV iShares 0-1 Year Treasury Bo New 0.21% +0.21
EWZ iShares MSCI Brazil ETF Add +1.3% 4.29% +0.18
BA The Boeing Co. New 0.15% +0.15
CAH Cardinal Health Inc. Add +1.9% 1.07% +0.14
COR Cencora Inc. New 0.12% +0.12
AMZN Amazon.com Inc. Add +36.7% 0.38% +0.12
BAC Bank of America Corp. New 0.12% +0.12
KLAC KLA Corp. New 0.11% +0.11
EW Edwards Lifesciences Corp. Add +16.3% 0.73% +0.10
BRK.B Berkshire Hathaway Inc. Class B Add +31.6% 0.96% +0.09
USB US Bancorp Add +12.1% 0.69% +0.07
COWZ Pacer US Cash Cows 100 ETF Add +46.2% 0.22% +0.06
CSCO Cisco Systems Inc. Add +1.2% 0.91% +0.04
COST Costco Wholesale Corp. Add +3.9% 2.07% +0.01
NVO Novo-Nordisk A/S-Spons ADR Add +4.5% 0.37% −0.02
VZ Verizon Communications Inc. Add +9.1% 0.96% −0.04
KR Kroger Co. Add +0.3% 2.21% −0.04
CTSH Cognizant Tech Solutions-A Add +1.4% 2.26% −0.10
QCOM Qualcomm Inc. Add +0.6% 2.88% −0.11
GILD Gilead Sciences Inc. Add +0.7% 1.29% −0.11
SYY Sysco Corp Add +1.1% 2.60% −0.16
CI The Cigna Group Add +1.3% 2.52% −0.16
CMCSA Comcast Corp. Class A Add +1.8% 2.02% −0.20
EOG EOG Resources Inc. Add +1.7% 1.82% −0.25
EXPD Expeditors Intl Wash Inc. Add +0.9% 2.65% −0.34
SBUX Starbucks Corp. Add +1.1% 2.81% −0.41

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 65$226.7MVXUS, VWO, BIL, EWZ, XLV
Q1 2026 63$201.2MVXUS, VWO, EWZ, BIL, AAPL
Q4 2025 66$210.7MVXUS, VWO, AAPL, EWZ, GDX
Q3 2025 70$219.4MVXUS, VWO, GDX, CAH, AAPL
Q2 2025 68$191.5MVXUS, VWO, AAPL, EWZ, GDX
Q1 2025 66$177.0MVXUS, VWO, AAPL, GDX, EWZ
Q4 2024 68$170.2MVXUS, AAPL, VWO, AYI, GS
Q3 2024 67$181.0MVXUS, AAPL, VWO, AYI, GDX
Q2 2024 65$171.4MVXUS, AAPL, VWO, QCOM, AYI
Q1 2024 65$174.2MVXUS, AAPL, VWO, EWZ, AYI