Cairn Investment Group, Inc.

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 2, 2026), Cairn Investment Group, Inc. reported 66 stock positions worth $210.7 million. Its top holding was Vanguard Total Intl Stock (VXUS) at 11.1% of the portfolio, followed by Vanguard Ftse Emerging Marke (VWO, 5.6%) and Apple (AAPL, 4.9%). Compared with Q3 2025, it opened 1 new position, sold out of 5, added to 17 and reduced 25. The biggest buy was a new position in SS SPDR BB 1-3M T-Bill ETF (BIL) and the biggest sale an exit from Starbucks (SBUX).

Most Recent 13F
Q2 2026
Location
VANCOUVER, WA
CIK
0001800358
Portfolio Value
$210.7M (Q4 2025)
SEC Filing
0001800358-26-000001 ↗ filed Feb 2, 2026

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 Q3 2025 Q4 2025: $210.7M $210.7M Q4 2025 Q1 2026: $201.2M Q1 2026 Q2 2026: $226.7M Q2 2026

Holdings 66 stocks · $210.7M
VXUS Vanguard Total Intl Stock 11.09% 309,879 $23.4M Add +1.0%
VWO Vanguard Ftse Emerging Marke 5.59% 219,297 $11.8M Add +0.5%
AAPL Apple Inc. 4.87% 37,780 $10.3M Add +0.1%
EWZ iShares MSCI Brazil ETF 4.33% 286,860 $9.1M Add +0.5%
GDX Vaneck Gold Miners ETF 4.16% 102,285 $8.8M Reduce -32.8%
AYI Acuity Inc. 3.91% 22,882 $8.2M Reduce -0.4%
GS Goldman Sachs Group Inc. 3.82% 9,166 $8.1M Reduce -0.6%
BIL SS SPDR BB 1-3M T-Bill ETF 3.51% 80,825 $7.4M New
EWM iShares MSCI Malaysia ETF 3.45% 265,700 $7.3M Add +1.0%
BorgWarner Inc 3.42% 159,740 $7.2M Reduce -0.2%
EXPD Expeditors Intl Wash Inc. 3.18% 45,038 $6.7M Add +0.7%
QCOM Qualcomm Inc. 2.82% 34,733 $5.9M Add +0.6%
MRK Merck & Co. Inc. 2.75% 54,955 $5.8M Reduce -0.1%
BKNG Booking Holdings Inc. 2.60% 1,022 $5.5M Reduce -0.3%
PEP Pepsico Inc. 2.45% 35,930 $5.2M Add +1.3%
SYY Sysco Corp 2.33% 66,725 $4.9M Add +2.2%
CTSH Cognizant Tech Solutions-A 2.25% 57,135 $4.7M Add +1.4%
CI The Cigna Group 1.98% 15,188 $4.2M Add +1.1%
FFIV F5 Inc. 1.86% 15,358 $3.9M Reduce -0.1%
GOOGL Alphabet Inc. Class A 1.77% 11,934 $3.7M Reduce -0.4%
KR Kroger Co. 1.72% 57,877 $3.6M Reduce -0.2%
PCAR Paccar Inc. 1.69% 32,536 $3.6M Reduce -6.6%
COST Costco Wholesale Corp. 1.60% 3,911 $3.4M Reduce -1.3%
OMC Omnicom Group 1.59% 41,489 $3.4M Reduce -0.0%
CMCSA Comcast Corp. Class A 1.57% 11,570 $3.3M Reduce -89.8%
EOG EOG Resources Inc. 1.52% 30,556 $3.2M Add +2.8%
LLY Eli Lilly & Co. 1.52% 2,985 $3.2M No change
FISV Fiserv Inc. 1.48% 46,440 $3.1M Add +31.1%
MCK McKesson Corp. 1.40% 3,585 $2.9M Reduce -0.4%
GILD Gilead Sciences Inc. 1.27% 21,748 $2.7M Reduce -0.1%
CAH Cardinal Health Inc. 1.12% 11,437 $2.4M Add +526.7%
VONV Vanguard Russell 1000 Value 0.99% 22,587 $2.1M Reduce -1.6%
BRK.B Berkshire Hathaway Inc. Class B 0.90% 3,787 $1.9M No change
CSCO Cisco Systems Inc. 0.88% 24,146 $1.9M Add +0.5%
EW Edwards Lifesciences Corp. 0.72% 17,800 $1.5M No change
BIIB Biogen Inc. 0.68% 8,096 $1.4M Reduce -1.3%
USB US Bancorp 0.67% 26,538 $1.4M Reduce -3.6%
MSFT Microsoft Corp. 0.66% 2,873 $1.4M Reduce -1.7%
JPMorgan Chase & Co 0.54% 3,557 $1.1M No change
GBIL Goldman Sachs Access Treasur 0.38% 7,920 $792K Reduce -1.0%
AXP American Express Co. 0.33% 1,900 $703K No change
COWZ Pacer US Cash Cows 100 ETF 0.32% 11,340 $682K Add +9.0%
V Visa Inc. Class A 0.31% 1,880 $659K Reduce -8.3%
META Meta Platforms Inc. Class A 0.29% 925 $611K Reduce -76.4%
XOM Exxon Mobil Corp. 0.27% 4,784 $576K No change
MMM 3M Co. 0.26% 3,370 $540K No change
NVO Novo-Nordisk A/S-Spons ADR 0.25% 10,328 $525K No change
AMZN Amazon.com Inc. 0.24% 2,185 $504K No change
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.21% 3,810 $433K No change
EMR Emerson Electric Co. 0.20% 3,160 $419K Reduce -1.3%
AMP Ameriprise Financial Inc. 0.19% 814 $399K No change
CTAS Cintas Corp. 0.19% 2,077 $391K No change
VIG Vanguard Dividend Apprec ETF 0.18% 1,752 $385K No change
IEFA iShares Core MSCI Eafe ETF 0.18% 4,211 $377K No change
F Ford Motor Co. filed as FORD MTR CO 0.16% 26,255 $344K Reduce -7.8%
SHV iShares 0-1 Year Treasury Bo 0.16% 2,975 $328K Reduce -17.9%
IVV iShares Core S&P 500 ETF 0.15% 475 $325K No change
BA The Boeing Co. 0.14% 1,381 $300K Add +0.1%
UNH Unitedhealth Group Inc. 0.13% 841 $278K No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.12% 4,768 $262K No change
UNP Union Pacific Corp. 0.12% 1,110 $257K No change
DVY iShares Select Dividend ETF 0.12% 1,742 $246K No change
ABT Abbott Laboratories 0.11% 1,849 $232K No change
TDY Teledyne Technologies Inc. 0.11% 446 $228K No change
ABBV Abbvie Inc. 0.11% 973 $222K No change
SPGI S&P Global Inc. 0.10% 414 $216K No change

Portfolio Sells Q3 2025 → Q4 2025
SBUX Starbucks Corp. Sold out 0.00% −2.24
GDX Vaneck Gold Miners ETF Reduce -32.8% 4.16% −1.14
META Meta Platforms Inc. Class A Reduce -76.4% 0.29% −1.02
VZ Verizon Communications Inc. Sold out 0.00% −0.84
FFIV F5 Inc. Reduce -0.1% 1.86% −0.40
CVX Chevron Corp. Sold out 0.00% −0.15
KLAC KLA Corp. Sold out 0.00% −0.11
COR Cencora Inc. Sold out 0.00% −0.11
COST Costco Wholesale Corp. Reduce -1.3% 1.60% −0.07
KR Kroger Co. Reduce -0.2% 1.72% −0.07
CMCSA Comcast Corp. Class A Reduce -89.8% 1.57% −0.05
MSFT Microsoft Corp. Reduce -1.7% 0.66% −0.03
SHV iShares 0-1 Year Treasury Bo Reduce -17.9% 0.16% −0.03
V Visa Inc. Class A Reduce -8.3% 0.31% −0.01
EMR Emerson Electric Co. Reduce -1.3% 0.20% +0.01
F Ford Motor Co. Reduce -7.8% 0.16% +0.01
GBIL Goldman Sachs Access Treasur Reduce -1.0% 0.38% +0.01
OMC Omnicom Group Reduce -0.0% 1.59% +0.05
VONV Vanguard Russell 1000 Value Reduce -1.6% 0.99% +0.05
USB US Bancorp Reduce -3.6% 0.67% +0.07
BKNG Booking Holdings Inc. Reduce -0.3% 2.60% +0.08
MCK McKesson Corp. Reduce -0.4% 1.40% +0.13
PCAR Paccar Inc. Reduce -6.6% 1.69% +0.13
BIIB Biogen Inc. Reduce -1.3% 0.68% +0.15
GILD Gilead Sciences Inc. Reduce -0.1% 1.27% +0.17
BorgWarner Inc Reduce -0.2% 3.42% +0.21
AYI Acuity Inc. Reduce -0.4% 3.91% +0.30
GOOGL Alphabet Inc. Class A Reduce -0.4% 1.77% +0.44
GS Goldman Sachs Group Inc. Reduce -0.6% 3.82% +0.48
MRK Merck & Co. Inc. Reduce -0.1% 2.75% +0.64

Portfolio Buys Q3 2025 → Q4 2025
BIL SS SPDR BB 1-3M T-Bill ETF New 3.51% +3.51
VXUS Vanguard Total Intl Stock Add +1.0% 11.09% +0.83
EXPD Expeditors Intl Wash Inc. Add +0.7% 3.18% +0.69
CTSH Cognizant Tech Solutions-A Add +1.4% 2.25% +0.53
AAPL Apple Inc. Add +0.1% 4.87% +0.49
EWM iShares MSCI Malaysia ETF Add +1.0% 3.45% +0.34
EWZ iShares MSCI Brazil ETF Add +0.5% 4.33% +0.29
VWO Vanguard Ftse Emerging Marke Add +0.5% 5.59% +0.21
QCOM Qualcomm Inc. Add +0.6% 2.82% +0.20
PEP Pepsico Inc. Add +1.3% 2.45% +0.18
CSCO Cisco Systems Inc. Add +0.5% 0.88% +0.13
COWZ Pacer US Cash Cows 100 ETF Add +9.0% 0.32% +0.05
CI The Cigna Group Add +1.1% 1.98% +0.01
BA The Boeing Co. Add +0.1% 0.14% +0.01
EOG EOG Resources Inc. Add +2.8% 1.52% +0.00
SYY Sysco Corp Add +2.2% 2.33% −0.12
FISV Fiserv Inc. Add +31.1% 1.48% −0.60
CAH Cardinal Health Inc. Add +526.7% 1.12% −4.18

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