Cascade Financial Partners, LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 21, 2025), Cascade Financial Partners, LLC reported 261 stock positions worth $872.3 million. Its top holding was Eli Lilly (LLY) at 20.7% of the portfolio, followed by Apple (AAPL, 5.9%) and Vanguard Ftse Developed ETF (VEA, 4.4%). Compared with Q2 2025, it opened 12 new positions, sold out of 10, added to 80 and reduced 82. The biggest buy was iShares -3 Year Internationa (ISHG, shares +575%) and the biggest sale Vanguard Tax-Exempt Bond ETF (VTEB, shares −25%).
- Most Recent 13F
- Q2 2026
- Location
- SAN DIEGO, CA
- CIK
- 0002021208
- Portfolio Value
- $872.3M (Q3 2025)
- SEC Filing
- 0002021208-25-000012 ↗ filed Oct 21, 2025
Holdings Value
Holdings 261 stocks · $872.3M
| LLY Eli Lilly & Co. | 20.71% | 236,707 | $180.6M | Add +0.3% |
| AAPL Apple Inc. | 5.90% | 202,193 | $51.5M | Reduce -0.5% |
| VEA Vanguard Ftse Developed ETF | 4.40% | 640,380 | $38.4M | Reduce -0.9% |
| IVV iShares Core S&P 500 ETF | 3.66% | 47,760 | $32.0M | Reduce -2.9% |
| PEP Pepsico Inc. | 2.37% | 147,376 | $20.7M | Reduce -1.4% |
| IEMG iShares Core MSCI Emerging | 1.93% | 256,011 | $16.9M | Reduce -1.9% |
| NVDA Nvidia Corp. | 1.89% | 88,265 | $16.5M | Reduce -2.1% |
| RVTY Revvity Inc. | 1.88% | 186,671 | $16.4M | No change |
| VTI VG Morningstar TS MKT ETF-US | 1.87% | 49,789 | $16.3M | Reduce -1.7% |
| AMZN Amazon.com Inc. | 1.75% | 69,540 | $15.3M | Reduce -2.8% |
| DOL Wisdomtree TR DVLP Intnl-Usd | 1.60% | 223,723 | $13.9M | Add +2.8% |
| MGK Vngrd Mrgstr MG CP GR ETF-Ui | 1.58% | 34,291 | $13.8M | Reduce -1.2% |
| SPMD SS SPDR P S&P 400 Midcap ETF | 1.48% | 225,055 | $12.9M | Reduce -0.5% |
| SPDW Ste STR SPDR PT DW Eu ETF | 1.42% | 290,092 | $12.4M | Reduce -0.1% |
| MSFT Microsoft Corp. | 1.34% | 22,590 | $11.7M | Reduce -1.5% |
| SPEM State Street SP PTF Em ETF | 1.21% | 225,704 | $10.6M | Add +2.0% |
| VIG Vanguard Dividend Apprec ETF | 1.10% | 44,367 | $9.6M | Reduce -1.9% |
| TSLA Tesla Inc. | 1.10% | 21,514 | $9.6M | Reduce -1.0% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.97% | 16,789 | $8.4M | Reduce -0.1% |
| SHY iShares 1-3 Year Treasury Bo | 0.96% | 101,242 | $8.4M | Add +5.4% |
| VYM Vanguard High DVD Yield ETF | 0.94% | 58,226 | $8.2M | Reduce -1.0% |
| STIP iShares 0-5 Year Tips Bond E | 0.92% | 77,864 | $8.0M | Add +8.9% |
| DGS Wisdomtree Em Small Cap | 0.88% | 135,047 | $7.7M | Add +1.2% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.83% | 24,697 | $7.3M | Reduce -1.4% |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | 0.76% | 21,519 | $6.6M | Reduce -0.9% |
| PAVE Global X US Infrastructure | 0.73% | 134,313 | $6.4M | Add +6.3% |
| BNL Broadstone Net Lease Inc. | 0.73% | 356,660 | $6.4M | Reduce -3.9% |
| DEM Wisdomtree Emerging Markets | 0.69% | 130,240 | $6.0M | Reduce -9.5% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.68% | 12,088 | $5.9M | Add +1.7% |
| DGRO iShares Core Dividend Growth | 0.67% | 86,476 | $5.9M | Add +1.8% |
| DES Wisdomtree US Smallcap Divid | 0.64% | 165,078 | $5.6M | Reduce -1.8% |
| VTEB Vanguard Tax-Exempt Bond ETF | 0.63% | 110,339 | $5.5M | Reduce -24.7% |
| META Meta Platforms Inc. Class A | 0.62% | 7,412 | $5.4M | Reduce -0.5% |
| AIRR First Trust Rba American Ind | 0.58% | 52,306 | $5.1M | Add +7.9% |
| SCZ iShares MSCI Eafe Small-Cap | 0.56% | 63,657 | $4.9M | Reduce -0.6% |
| MLPA Global X MLP ETF | 0.55% | 99,737 | $4.8M | Reduce -3.8% |
| AVUV Avantis US Small Cap Value | 0.55% | 48,102 | $4.8M | Add +8.2% |
| DON Wisdomtree US Midcap Dividen | 0.52% | 87,001 | $4.6M | Reduce -1.9% |
| IDEV iShares Core MSCI Dev MKTS | 0.52% | 56,602 | $4.5M | Reduce -1.8% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.52% | 6 | $4.5M | No change |
| AVES Avantis Emerging Markets Val | 0.52% | 78,763 | $4.5M | Add +0.8% |
| VFH Vanguard Financials ETF | 0.52% | 34,311 | $4.5M | Add +12.2% |
| IEI iShares 3-7 Year Treasury Bo | 0.52% | 37,612 | $4.5M | Add +7.9% |
| TSM Taiwan Semiconductor-SP ADR | 0.51% | 16,071 | $4.5M | Add +0.1% |
| REGL Prshrs S&P Mid 400 DVD Arist | 0.51% | 51,853 | $4.4M | Reduce -3.1% |
| GOOGL Alphabet Inc. Class A | 0.50% | 17,787 | $4.3M | Reduce -7.7% |
| GOOG Alphabet Inc. Class C | 0.47% | 16,715 | $4.1M | Reduce -4.5% |
| SCHE Schwab Emrg Mrkts Eqty ETF | 0.45% | 118,765 | $4.0M | Reduce -0.3% |
| MUB iShares National Muni Bond E | 0.45% | 37,005 | $3.9M | Add +8.1% |
| AIQ Global X Art Intel & Tech | 0.45% | 79,485 | $3.9M | Add +6.5% |
| DFAS Dimensional US Small Cap ETF | 0.44% | 56,526 | $3.9M | Reduce -0.2% |
| ISHG iShares -3 Year Internationa | 0.43% | 48,823 | $3.7M | Add +575.3% |
| EFA iShares MSCI Eafe ETF | 0.42% | 39,567 | $3.7M | Add +11.0% |
| QQQ Invesco QQQ Trust Series 1 | 0.40% | 5,825 | $3.5M | Reduce -2.8% |
| VNQ Vanguard Real Estate ETF | 0.37% | 35,760 | $3.3M | Reduce -2.4% |
| AVDV Avantis Intl S/C Value ETF | 0.37% | 36,435 | $3.2M | Add +5.7% |
| SUB iShares Short-Term National | 0.37% | 29,902 | $3.2M | Add +3.8% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.36% | 4,776 | $3.2M | Reduce -18.7% |
| VOE Vngrd Mrngstr MD-Cap Val ETF | 0.36% | 17,859 | $3.1M | No change |
| NYF iShares New York Muni Bond E | 0.36% | 58,225 | $3.1M | No change |
| AVLV Avantis US Large Cap Value | 0.36% | 42,909 | $3.1M | Add +12.0% |
| AVDE Avantis International Equity | 0.33% | 36,623 | $2.9M | Reduce -1.9% |
| VCIT Vanguard Int-Term Corporate | 0.33% | 33,972 | $2.9M | Reduce -2.1% |
| ITOT iShares Core S&P Total U.S. | 0.33% | 19,495 | $2.8M | Add +0.1% |
| ESGU iShares ESG Aware MSCI USA | 0.32% | 18,884 | $2.7M | No change |
| SPSB SS SPDR P St C Corp. ETF | 0.31% | 88,785 | $2.7M | Add +23.6% |
| ITW Illinois Tool Works | 0.30% | 9,957 | $2.6M | Reduce -2.8% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 0.29% | 27,822 | $2.6M | Reduce -10.0% |
| SHYG iShares 0-5 YR HY Corp. Bond | 0.29% | 58,838 | $2.5M | Add +13.5% |
| IWF iShares Russell 1000 Growth | 0.28% | 5,272 | $2.5M | Reduce -0.5% |
| BND Vanguard Total Bond Market | 0.28% | 32,984 | $2.5M | Reduce -6.6% |
| DGRW Wisdomtree U.S. Quality Divi | 0.28% | 27,514 | $2.4M | Add +5.0% |
| AMLP Alerian MLP ETF | 0.28% | 52,021 | $2.4M | No change |
| IDV iShares International Select | 0.26% | 61,911 | $2.3M | Reduce -0.0% |
| DVY iShares Select Dividend ETF | 0.26% | 15,883 | $2.3M | No change |
| EWX State Street SPDR S&P Emergi | 0.26% | 33,455 | $2.3M | Reduce -0.6% |
| MOAT Vaneck Morningstar Wide Moat | 0.26% | 22,445 | $2.2M | No change |
| IEFA iShares Core MSCI Eafe ETF | 0.24% | 24,374 | $2.1M | No change |
| VWO Vanguard Ftse Emerging Marke | 0.24% | 38,282 | $2.1M | Reduce -1.4% |
| SCHH Schwab US REIT ETF | 0.23% | 93,151 | $2.0M | Reduce -0.0% |
| FLOT iShares Floating Rate Bond E | 0.23% | 39,219 | $2.0M | Reduce -4.8% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 0.22% | 25,019 | $2.0M | Reduce -0.7% |
| DFAT Dimensional US Target Value | 0.22% | 32,636 | $1.9M | Reduce -7.2% |
| COST Costco Wholesale Corp. | 0.21% | 2,020 | $1.9M | Add +0.1% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.21% | 6,475 | $1.8M | Reduce -1.4% |
| GLD SPDR Gold Shares | 0.21% | 5,051 | $1.8M | Add +17.7% |
| NEE Nextera Energy Inc. | 0.20% | 23,148 | $1.7M | Add +0.3% |
| VOO Vanguard S&P 500 ETF | 0.20% | 2,829 | $1.7M | Add +2.9% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.17% | 5,880 | $1.5M | Reduce -0.2% |
| AFL Aflac Inc. | 0.17% | 13,202 | $1.5M | Add +0.4% |
| PGX Invesco Preferred ETF | 0.17% | 126,565 | $1.5M | Reduce -37.8% |
| JNJ Johnson & Johnson | 0.17% | 7,889 | $1.5M | Reduce -7.7% |
| TM Toyota Motor Corp. -Spon ADR | 0.16% | 7,430 | $1.4M | No change |
| DLN Wisdomtree US Largecap Divid | 0.16% | 16,223 | $1.4M | Reduce -6.6% |
| AGG iShares Core U.S. Aggregate | 0.16% | 13,797 | $1.4M | Add +0.1% |
| MA Mastercard Inc. Class A | 0.15% | 2,356 | $1.3M | No change |
| VXF Vanguard Extended Market ETF | 0.15% | 6,334 | $1.3M | Reduce -5.8% |
| MRK Merck & Co. Inc. | 0.15% | 15,665 | $1.3M | Add +0.6% |
| TXN Texas Instruments Inc. | 0.15% | 6,983 | $1.3M | Reduce -0.7% |
| HD Home Depot Inc. | 0.14% | 3,096 | $1.3M | Reduce -1.0% |
Portfolio Sells Q2 2025 → Q3 2025
| VTEB Vanguard Tax-Exempt Bond ETF | Reduce -24.7% | 0.63% | −0.23 |
| AMZN Amazon.com Inc. | Reduce -2.8% | 1.75% | −0.14 |
| PGX Invesco Preferred ETF | Reduce -37.8% | 0.17% | −0.10 |
| DEM Wisdomtree Emerging Markets | Reduce -9.5% | 0.69% | −0.10 |
| CGBD Carlyle Secured Lending Inc. | Sold out | 0.00% | −0.07 |
| MLPA Global X MLP ETF | Reduce -3.8% | 0.55% | −0.07 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -18.7% | 0.36% | −0.07 |
| IWM iShares Russell 2000 ETF | Reduce -45.0% | 0.08% | −0.06 |
| IHDG Wisdomtree International Hed | Sold out | 0.00% | −0.05 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Reduce -10.0% | 0.29% | −0.05 |
| ACN Accenture PLC Class A | Reduce -23.4% | 0.07% | −0.04 |
| IXP iShares Global Comm Services | Sold out | 0.00% | −0.04 |
| PREF Pri Spe Pre Sec Acti-Usd Inc. | Sold out | 0.00% | −0.04 |
| META Meta Platforms Inc. Class A | Reduce -0.5% | 0.62% | −0.04 |
| DVYE iShares Emerging Markets Div | Reduce -27.5% | 0.08% | −0.03 |
| AVGO Broadcom Inc. | Reduce -29.8% | 0.13% | −0.03 |
| BND Vanguard Total Bond Market | Reduce -6.6% | 0.28% | −0.03 |
| MSFT Microsoft Corp. | Reduce -1.5% | 1.34% | −0.03 |
| VEA Vanguard Ftse Developed ETF | Reduce -0.9% | 4.40% | −0.03 |
| TXN Texas Instruments Inc. | Reduce -0.7% | 0.15% | −0.03 |
| BKNG Booking Holdings Inc. | Sold out | 0.00% | −0.03 |
| EXEL Exelixis Inc. | Sold out | 0.00% | −0.03 |
| ES Eversource Energy | Sold out | 0.00% | −0.03 |
| ILMN Illumina Inc. | Sold out | 0.00% | −0.03 |
| CMCSA Comcast Corp. Class A | Sold out | 0.00% | −0.03 |
| BXSL Blackstone Secured Lending F | Sold out | 0.00% | −0.02 |
| IBM Intl Business Machines Corp. | Reduce -1.4% | 0.21% | −0.02 |
| FLOT iShares Floating Rate Bond E | Reduce -4.8% | 0.23% | −0.02 |
| EPI Wisdomtree India Earnings | Reduce -14.7% | 0.07% | −0.02 |
| PFF iShares Preferred & Income S | Reduce -24.4% | 0.06% | −0.02 |
| VCIT Vanguard Int-Term Corporate | Reduce -2.1% | 0.33% | −0.02 |
| VNQ Vanguard Real Estate ETF | Reduce -2.4% | 0.37% | −0.02 |
| REGL Prshrs S&P Mid 400 DVD Arist | Reduce -3.1% | 0.51% | −0.02 |
| VIG Vanguard Dividend Apprec ETF | Reduce -1.9% | 1.10% | −0.02 |
| PSCH Invesco S&P Smallcap Health | Reduce -18.9% | 0.06% | −0.01 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -0.1% | 0.97% | −0.01 |
| DON Wisdomtree US Midcap Dividen | Reduce -1.9% | 0.52% | −0.01 |
| UPS United Parcel Service Class B | Reduce -15.2% | 0.03% | −0.01 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Reduce -1.4% | 0.83% | −0.01 |
| DFAT Dimensional US Target Value | Reduce -7.2% | 0.22% | −0.01 |
| CR Crane Co. | Reduce -7.1% | 0.06% | −0.01 |
| LMT Lockheed Martin Corp. | Reduce -22.7% | 0.04% | −0.01 |
| DLN Wisdomtree US Largecap Divid | Reduce -6.6% | 0.16% | −0.01 |
| REM iShares Mortgage Real Estate | Reduce -17.2% | 0.04% | −0.01 |
| IVV iShares Core S&P 500 ETF | Reduce -2.9% | 3.66% | −0.01 |
| V Visa Inc. Class A | Reduce -2.1% | 0.06% | −0.01 |
| VGT Vanguard Info Tech ETF | Reduce -21.9% | 0.04% | −0.01 |
| ITW Illinois Tool Works | Reduce -2.8% | 0.30% | −0.01 |
| SCHH Schwab US REIT ETF | Reduce -0.0% | 0.23% | −0.01 |
| IDEV iShares Core MSCI Dev MKTS | Reduce -1.8% | 0.52% | −0.01 |
Portfolio Buys Q2 2025 → Q3 2025
| ISHG iShares -3 Year Internationa | Add +575.3% | 0.43% | +0.36 |
| AIRR First Trust Rba American Ind | Add +7.9% | 0.58% | +0.11 |
| TSM Taiwan Semiconductor-SP ADR | Add +0.1% | 0.51% | +0.08 |
| SPEM State Street SP PTF Em ETF | Add +2.0% | 1.21% | +0.07 |
| PAVE Global X US Infrastructure | Add +6.3% | 0.73% | +0.07 |
| AVUV Avantis US Small Cap Value | Add +8.2% | 0.55% | +0.06 |
| AIQ Global X Art Intel & Tech | Add +6.5% | 0.45% | +0.06 |
| UNH Unitedhealth Group Inc. | Add +148.5% | 0.08% | +0.05 |
| GLD SPDR Gold Shares | Add +17.7% | 0.21% | +0.05 |
| COIN Coinbase Global Inc. Class A | New | 0.05% | +0.05 |
| VFH Vanguard Financials ETF | Add +12.2% | 0.52% | +0.05 |
| SPSB SS SPDR P St C Corp. ETF | Add +23.6% | 0.31% | +0.05 |
| AVDV Avantis Intl S/C Value ETF | Add +5.7% | 0.37% | +0.04 |
| AVLV Avantis US Large Cap Value | Add +12.0% | 0.36% | +0.04 |
| EFA iShares MSCI Eafe ETF | Add +11.0% | 0.42% | +0.04 |
| STIP iShares 0-5 Year Tips Bond E | Add +8.9% | 0.92% | +0.04 |
| DOL Wisdomtree TR DVLP Intnl-Usd | Add +2.8% | 1.60% | +0.04 |
| PLTR Palantir Technologies Inc. Class A | Add +11.0% | 0.13% | +0.04 |
| DOCU Docusign Inc. | New | 0.03% | +0.03 |
| CVX Chevron Corp. | New | 0.03% | +0.03 |
| INTC Intel Corp. | New | 0.03% | +0.03 |
| QCOM Qualcomm Inc. | New | 0.03% | +0.03 |
| LOW Lowe's Cos Inc. | New | 0.03% | +0.03 |
| TJX TJX Companies Inc. | New | 0.03% | +0.03 |
| BABA Alibaba Group Holding-SP ADR | New | 0.03% | +0.03 |
| SKYY First Trust Cloud Computing | New | 0.02% | +0.02 |
| C Citigroup Inc. | New | 0.02% | +0.02 |
| SHYG iShares 0-5 YR HY Corp. Bond | Add +13.5% | 0.29% | +0.02 |
| AMOM Qraft AI-Enh US LRG Cap MTM | New | 0.02% | +0.02 |
| DGRO iShares Core Dividend Growth | Add +1.8% | 0.67% | +0.02 |
| MUB iShares National Muni Bond E | Add +8.1% | 0.45% | +0.02 |
| GDX Vaneck Gold Miners ETF | Add +6.5% | 0.06% | +0.02 |
| SHLD Global X Defense Tech ETF | Add +6.9% | 0.11% | +0.02 |
| DGRW Wisdomtree U.S. Quality Divi | Add +5.0% | 0.28% | +0.02 |
| IEI iShares 3-7 Year Treasury Bo | Add +7.9% | 0.52% | +0.02 |
| ORCL Oracle Corp. | Add +26.4% | 0.05% | +0.02 |
| RTX RTX Corp. | Add +9.2% | 0.10% | +0.02 |
| JPM JPMorgan Chase & Co. | Add +8.3% | 0.14% | +0.02 |
| AVES Avantis Emerging Markets Val | Add +0.8% | 0.52% | +0.02 |
| SPG Simon Property Group Inc. | Add +5.0% | 0.10% | +0.01 |
| VOO Vanguard S&P 500 ETF | Add +2.9% | 0.20% | +0.01 |
| ITOT iShares Core S&P Total U.S. | Add +0.1% | 0.33% | +0.01 |
| PSCT Invesco S&P Smallcap Informa | Add +1.6% | 0.09% | +0.01 |
| NEE Nextera Energy Inc. | Add +0.3% | 0.20% | +0.01 |
| SHY iShares 1-3 Year Treasury Bo | Add +5.4% | 0.96% | +0.01 |
| RSP Invesco S&P 500 Equal Weight | Add +5.9% | 0.12% | +0.01 |
| MO Altria Group Inc. | Add +0.0% | 0.09% | +0.01 |
| BOF Branchout Food Inc. | New | 0.01% | +0.01 |
| O Realty Income Corp. | Add +4.5% | 0.12% | +0.01 |
| SCHM Schwab US Mid Cap ETF | Add +4.2% | 0.11% | +0.01 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 279 | $1.2B | LLY, AAPL, VEA, IVV, DOL |
| Q1 2026 | 263 | $970.2M | LLY, AAPL, VEA, IVV, PEP |
| Q4 2025 | 271 | $986.5M | LLY, AAPL, VEA, IVV, PEP |
| Q3 2025 | 261 | $872.3M | LLY, AAPL, VEA, IVV, PEP |
| Q2 2025 | 259 | $831.9M | LLY, AAPL, VEA, IVV, PEP |
| Q1 2025 | 241 | $793.2M | LLY, AAPL, VEA, IVV, PEP |
| Q4 2024 | 247 | $767.4M | LLY, AAPL, VEA, IVV, PEP |
| Q3 2024 | 238 | $797.9M | LLY, AAPL, VEA, IVV, PEP |
| Q2 2024 | 233 | $760.6M | LLY, AAPL, VEA, IVV, PEP |
| Q1 2024 | 224 | $694.1M | LLY, AAPL, VEA, IVV, PEP |