Cairn Investment Group, Inc.

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 28, 2025), Cairn Investment Group, Inc. reported 70 stock positions worth $219.4 million. Its top holding was Vanguard Total Intl Stock (VXUS) at 10.3% of the portfolio, followed by Vanguard Ftse Emerging Marke (VWO, 5.4%) and Vaneck Gold Miners ETF (GDX, 5.3%). Compared with Q2 2025, it opened 3 new positions, sold out of 1, added to 10 and reduced 34. The biggest buy was a new position in iShares MSCI Malaysia ETF (EWM) and the biggest sale an exit from Columbia Sportswear (COLM).

Most Recent 13F
Q2 2026
Location
VANCOUVER, WA
CIK
0001800358
Portfolio Value
$219.4M (Q3 2025)
SEC Filing
0001800358-25-000007 ↗ filed Oct 28, 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 Q2 2025 Q3 2025: $219.4M $219.4M Q3 2025 Q4 2025: $210.7M Q4 2025 Q1 2026: $201.2M Q1 2026 Q2 2026: $226.7M Q2 2026

Holdings 70 stocks · $219.4M
VXUS Vanguard Total Intl Stock 10.27% 306,694 $22.5M Reduce -0.5%
VWO Vanguard Ftse Emerging Marke 5.39% 218,209 $11.8M Reduce -4.2%
GDX Vaneck Gold Miners ETF 5.30% 152,200 $11.6M Reduce -2.9%
CAH Cardinal Health Inc. 5.30% 1,825 $11.6M Reduce -85.0%
AAPL Apple Inc. 4.38% 37,739 $9.6M Reduce -12.7%
EWZ iShares MSCI Brazil ETF 4.03% 285,470 $8.8M Add +0.3%
AYI Acuity Inc. 3.61% 22,968 $7.9M Reduce -1.9%
GS Goldman Sachs Group Inc. 3.35% 9,222 $7.3M Reduce -9.1%
BorgWarner Inc 3.21% 160,080 $7.0M Reduce -0.9%
EWM iShares MSCI Malaysia ETF 3.11% 263,000 $6.8M New
QCOM Qualcomm Inc. 2.62% 34,523 $5.7M Reduce -0.5%
BKNG Booking Holdings Inc. 2.52% 1,025 $5.5M Reduce -4.3%
EXPD Expeditors Intl Wash Inc. 2.50% 44,710 $5.5M Add +0.7%
SYY Sysco Corp 2.45% 65,260 $5.4M Reduce -0.7%
PEP Pepsico Inc. 2.27% 35,485 $5.0M Reduce -0.2%
FFIV F5 Inc. 2.26% 15,376 $5.0M Reduce -2.3%
SBUX Starbucks Corp. 2.24% 58,215 $4.9M Reduce -0.9%
MRK Merck & Co. Inc. 2.10% 55,005 $4.6M Add +0.8%
FISV Fiserv Inc. 2.08% 35,410 $4.6M New
CI The Cigna Group 1.97% 15,026 $4.3M Add +2.9%
KR Kroger Co. 1.78% 57,977 $3.9M Reduce -1.6%
CTSH Cognizant Tech Solutions-A 1.72% 56,325 $3.8M Add +1.4%
COST Costco Wholesale Corp. 1.67% 3,961 $3.7M Reduce -1.3%
CMCSA Comcast Corp. Class A 1.62% 113,245 $3.6M Add +4.5%
PCAR Paccar Inc. 1.56% 34,824 $3.4M Add +6.1%
OMC Omnicom Group 1.54% 41,501 $3.4M Reduce -1.1%
EOG EOG Resources Inc. 1.52% 29,721 $3.3M Add +2.3%
GOOGL Alphabet Inc. Class A 1.33% 11,984 $2.9M Reduce -1.1%
META Meta Platforms Inc. Class A 1.31% 3,913 $2.9M Reduce -0.4%
MCK McKesson Corp. 1.27% 3,600 $2.8M Reduce -1.4%
GILD Gilead Sciences Inc. 1.10% 21,778 $2.4M Reduce -2.3%
LLY Eli Lilly & Co. 1.04% 2,985 $2.3M No change
VONV Vanguard Russell 1000 Value 0.93% 22,952 $2.1M Reduce -5.8%
BRK.B Berkshire Hathaway Inc. Class B 0.87% 3,787 $1.9M No change
VZ Verizon Communications Inc. 0.84% 42,072 $1.8M Reduce -1.0%
CSCO Cisco Systems Inc. 0.75% 24,016 $1.6M Reduce -4.3%
MSFT Microsoft Corp. 0.69% 2,923 $1.5M Reduce -0.8%
EW Edwards Lifesciences Corp. 0.63% 17,800 $1.4M No change
USB US Bancorp 0.61% 27,538 $1.3M Reduce -5.7%
BIIB Biogen Inc. 0.52% 8,204 $1.1M Reduce -0.8%
JPMorgan Chase & Co 0.51% 3,557 $1.1M No change
GBIL Goldman Sachs Access Treasur 0.37% 8,000 $802K Reduce -10.6%
V Visa Inc. Class A 0.32% 2,050 $700K Add +21.9%
AXP American Express Co. 0.29% 1,900 $631K No change
COWZ Pacer US Cash Cows 100 ETF 0.27% 10,400 $598K Add +34.7%
NVO Novo-Nordisk A/S-Spons ADR 0.26% 10,328 $573K No change
XOM Exxon Mobil Corp. 0.25% 4,784 $539K No change
MMM 3M Co. 0.24% 3,370 $523K No change
AMZN Amazon.com Inc. 0.22% 2,185 $480K Reduce -34.8%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.20% 3,810 $436K Reduce -1.9%
CTAS Cintas Corp. 0.19% 2,077 $426K No change
EMR Emerson Electric Co. 0.19% 3,200 $420K No change
SHV iShares 0-1 Year Treasury Bo 0.18% 3,625 $401K Reduce -1.4%
AMP Ameriprise Financial Inc. 0.18% 814 $400K No change
VIG Vanguard Dividend Apprec ETF 0.17% 1,752 $378K No change
IEFA iShares Core MSCI Eafe ETF 0.17% 4,211 $368K Reduce -12.5%
F Ford Motor Co. filed as FORD MTR CO 0.16% 28,485 $341K Reduce -26.1%
CVX Chevron Corp. 0.15% 2,165 $336K No change
IVV iShares Core S&P 500 ETF 0.14% 475 $318K Reduce -13.6%
BA The Boeing Co. 0.14% 1,380 $298K No change
UNH Unitedhealth Group Inc. 0.13% 841 $290K No change
UNP Union Pacific Corp. 0.12% 1,110 $262K No change
TDY Teledyne Technologies Inc. 0.12% 446 $261K No change
KLAC KLA Corp. 0.11% 232 $250K No change
ABT Abbott Laboratories 0.11% 1,849 $248K No change
DVY iShares Select Dividend ETF 0.11% 1,742 $248K No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.11% 4,768 $246K No change
COR Cencora Inc. 0.11% 780 $244K No change
ABBV Abbvie Inc. 0.10% 973 $225K New
SPGI S&P Global Inc. 0.09% 414 $201K No change

Portfolio Sells Q2 2025 → Q3 2025
COLM Columbia Sportswear Co. Sold out 0.00% −1.41
VXUS Vanguard Total Intl Stock Reduce -0.5% 10.27% −0.85
BKNG Booking Holdings Inc. Reduce -4.3% 2.52% −0.72
SBUX Starbucks Corp. Reduce -0.9% 2.24% −0.57
VWO Vanguard Ftse Emerging Marke Reduce -4.2% 5.39% −0.49
KR Kroger Co. Reduce -1.6% 1.78% −0.43
GS Goldman Sachs Group Inc. Reduce -9.1% 3.35% −0.40
COST Costco Wholesale Corp. Reduce -1.3% 1.67% −0.40
QCOM Qualcomm Inc. Reduce -0.5% 2.62% −0.27
AAPL Apple Inc. Reduce -12.7% 4.38% −0.25
META Meta Platforms Inc. Class A Reduce -0.4% 1.31% −0.20
GILD Gilead Sciences Inc. Reduce -2.3% 1.10% −0.19
PEP Pepsico Inc. Reduce -0.2% 2.27% −0.18
AMZN Amazon.com Inc. Reduce -34.8% 0.22% −0.17
CSCO Cisco Systems Inc. Reduce -4.3% 0.75% −0.16
FFIV F5 Inc. Reduce -2.3% 2.26% −0.15
SYY Sysco Corp Reduce -0.7% 2.45% −0.15
VONV Vanguard Russell 1000 Value Reduce -5.8% 0.93% −0.15
MCK McKesson Corp. Reduce -1.4% 1.27% −0.13
VZ Verizon Communications Inc. Reduce -1.0% 0.84% −0.12
GBIL Goldman Sachs Access Treasur Reduce -10.6% 0.37% −0.10
USB US Bancorp Reduce -5.7% 0.61% −0.08
MSFT Microsoft Corp. Reduce -0.8% 0.69% −0.08
F Ford Motor Co. Reduce -26.1% 0.16% −0.06
DIS The Walt Disney Co. Reduce -1.9% 0.20% −0.05
IEFA iShares Core MSCI Eafe ETF Reduce -12.5% 0.17% −0.04
AYI Acuity Inc. Reduce -1.9% 3.61% −0.04
OMC Omnicom Group Reduce -1.1% 1.54% −0.03
IVV iShares Core S&P 500 ETF Reduce -13.6% 0.14% −0.03
SHV iShares 0-1 Year Treasury Bo Reduce -1.4% 0.18% −0.03
BIIB Biogen Inc. Reduce -0.8% 0.52% −0.02
GOOGL Alphabet Inc. Class A Reduce -1.1% 1.33% +0.21
BorgWarner Inc Reduce -0.9% 3.21% +0.38
GDX Vaneck Gold Miners ETF Reduce -2.9% 5.30% +1.04
CAH Cardinal Health Inc. Reduce -85.0% 5.30% +4.23

Portfolio Buys Q2 2025 → Q3 2025
EWM iShares MSCI Malaysia ETF New 3.11% +3.11
FISV Fiserv Inc. New 2.08% +2.08
ABBV Abbvie Inc. New 0.10% +0.10
COWZ Pacer US Cash Cows 100 ETF Add +34.7% 0.27% +0.05
V Visa Inc. Class A Add +21.9% 0.32% +0.01
PCAR Paccar Inc. Add +6.1% 1.56% −0.07
EXPD Expeditors Intl Wash Inc. Add +0.7% 2.50% −0.15
MRK Merck & Co. Inc. Add +0.8% 2.10% −0.15
EWZ iShares MSCI Brazil ETF Add +0.3% 4.03% −0.26
EOG EOG Resources Inc. Add +2.3% 1.52% −0.30
CMCSA Comcast Corp. Class A Add +4.5% 1.62% −0.40
CTSH Cognizant Tech Solutions-A Add +1.4% 1.72% −0.54
CI The Cigna Group Add +2.9% 1.97% −0.55

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