Cascade Financial Partners, LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 6, 2026), Cascade Financial Partners, LLC reported 271 stock positions worth $986.5 million. Its top holding was Eli Lilly (LLY) at 25.8% of the portfolio, followed by Apple (AAPL, 5.3%) and Vanguard Ftse Developed ETF (VEA, 3.9%). Compared with Q3 2025, it opened 18 new positions, sold out of 8, added to 76 and reduced 109. The biggest buy was iShares -3 Year Internationa (ISHG, shares +183%) and the biggest sale Apple (AAPL, shares −4%).
- Most Recent 13F
- Q2 2026
- Location
- SAN DIEGO, CA
- CIK
- 0002021208
- Portfolio Value
- $986.5M (Q4 2025)
- SEC Filing
- 0002021208-26-000002 ↗ filed Feb 6, 2026
Holdings Value
Holdings 271 stocks · $986.5M
| LLY Eli Lilly & Co. | 25.78% | 236,617 | $254.3M | Reduce -0.0% |
| AAPL Apple Inc. | 5.33% | 193,254 | $52.5M | Reduce -4.4% |
| VEA Vanguard Ftse Developed ETF | 3.88% | 612,549 | $38.3M | Reduce -4.3% |
| IVV iShares Core S&P 500 ETF | 3.17% | 45,666 | $31.3M | Reduce -4.4% |
| PEP Pepsico Inc. | 1.99% | 136,532 | $19.6M | Reduce -7.4% |
| NVDA Nvidia Corp. | 1.70% | 89,836 | $16.8M | Add +1.8% |
| IEMG iShares Core MSCI Emerging | 1.66% | 243,421 | $16.4M | Reduce -4.9% |
| AMZN Amazon.com Inc. | 1.64% | 69,901 | $16.1M | Add +0.5% |
| DOL Wisdomtree TR DVLP Intnl-Usd | 1.62% | 242,761 | $16.0M | Add +8.5% |
| RVTY Revvity Inc. | 1.60% | 162,671 | $15.7M | Reduce -12.9% |
| MGK Vngrd Mrgstr MG CP GR ETF-Ui | 1.56% | 37,278 | $15.4M | Add +8.7% |
| VTI VG Morningstar TS MKT ETF-US | 1.48% | 43,635 | $14.6M | Reduce -12.4% |
| SPMD SS SPDR P S&P 400 Midcap ETF | 1.34% | 228,332 | $13.2M | Add +1.5% |
| SHY iShares 1-3 Year Treasury Bo | 1.33% | 157,949 | $13.1M | Add +56.0% |
| SPDW Ste STR SPDR PT DW Eu ETF | 1.30% | 287,779 | $12.8M | Reduce -0.8% |
| STIP iShares 0-5 Year Tips Bond E | 1.18% | 113,452 | $11.6M | Add +45.7% |
| SPEM State Street SP PTF Em ETF | 1.11% | 234,889 | $11.0M | Add +4.1% |
| MSFT Microsoft Corp. | 1.09% | 22,189 | $10.7M | Reduce -1.8% |
| ISHG iShares -3 Year Internationa | 1.06% | 138,377 | $10.4M | Add +183.4% |
| TSLA Tesla Inc. | 0.95% | 207,999 | $9.4M | Add +866.8% |
| VIG Vanguard Dividend Apprec ETF | 0.95% | 42,550 | $9.4M | Reduce -4.1% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.85% | 16,780 | $8.4M | Reduce -0.1% |
| IEI iShares 3-7 Year Treasury Bo | 0.81% | 66,782 | $8.0M | Add +77.6% |
| DGS Wisdomtree Em Small Cap | 0.80% | 137,119 | $7.8M | Add +1.5% |
| PAVE Global X US Infrastructure | 0.74% | 152,446 | $7.3M | Add +13.5% |
| VYM Vanguard High DVD Yield ETF | 0.72% | 49,475 | $7.1M | Reduce -15.0% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.69% | 23,306 | $6.8M | Reduce -5.6% |
| SHYG iShares 0-5 YR HY Corp. Bond | 0.67% | 154,878 | $6.6M | Add +163.2% |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | 0.67% | 20,958 | $6.6M | Reduce -2.6% |
| BNL Broadstone Net Lease Inc. | 0.64% | 361,456 | $6.3M | Add +1.3% |
| DEM Wisdomtree Emerging Markets | 0.60% | 126,459 | $5.9M | Reduce -2.9% |
| SPSB SS SPDR P St C Corp. ETF | 0.59% | 194,237 | $5.9M | Add +118.8% |
| META Meta Platforms Inc. Class A | 0.59% | 8,843 | $5.8M | Add +19.3% |
| DGRO iShares Core Dividend Growth | 0.58% | 81,751 | $5.7M | Reduce -5.5% |
| GOOGL Alphabet Inc. Class A | 0.57% | 17,842 | $5.6M | Add +0.3% |
| AIRR First Trust Rba American Ind | 0.56% | 56,561 | $5.6M | Add +8.1% |
| VTEB Vanguard Tax-Exempt Bond ETF | 0.56% | 110,221 | $5.5M | Reduce -0.1% |
| VFH Vanguard Financials ETF | 0.55% | 40,949 | $5.5M | Add +19.4% |
| DES Wisdomtree US Smallcap Divid | 0.55% | 161,532 | $5.4M | Reduce -2.1% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.55% | 11,526 | $5.4M | Reduce -4.7% |
| AVUV Avantis US Small Cap Value | 0.55% | 52,802 | $5.4M | Add +9.8% |
| GOOG Alphabet Inc. Class C | 0.54% | 16,935 | $5.3M | Add +1.3% |
| AVES Avantis Emerging Markets Val | 0.52% | 87,457 | $5.1M | Add +11.0% |
| SCZ iShares MSCI Eafe Small-Cap | 0.49% | 62,600 | $4.9M | Reduce -1.7% |
| TSM Taiwan Semiconductor-SP ADR | 0.49% | 15,923 | $4.8M | Reduce -0.9% |
| MLPA Global X MLP ETF | 0.49% | 99,187 | $4.8M | Reduce -0.6% |
| EFA iShares MSCI Eafe ETF | 0.48% | 49,057 | $4.7M | Add +24.0% |
| AIQ Global X Art Intel & Tech | 0.48% | 92,526 | $4.7M | Add +16.4% |
| IDEV iShares Core MSCI Dev MKTS | 0.47% | 56,112 | $4.6M | Reduce -0.9% |
| REGL Prshrs S&P Mid 400 DVD Arist | 0.47% | 54,765 | $4.6M | Add +5.6% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.46% | 6 | $4.5M | No change |
| DON Wisdomtree US Midcap Dividen | 0.45% | 86,716 | $4.5M | Reduce -0.3% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 0.43% | 46,172 | $4.2M | Add +66.0% |
| SUB iShares Short-Term National | 0.43% | 39,353 | $4.2M | Add +31.6% |
| AVLV Avantis US Large Cap Value | 0.40% | 52,442 | $4.0M | Add +22.2% |
| DFAS Dimensional US Small Cap ETF | 0.40% | 56,526 | $3.9M | No change |
| SCHE Schwab Emrg Mrkts Eqty ETF | 0.39% | 118,468 | $3.9M | Reduce -0.3% |
| AVDV Avantis Intl S/C Value ETF | 0.38% | 40,226 | $3.8M | Add +10.4% |
| MUB iShares National Muni Bond E | 0.38% | 35,020 | $3.8M | Reduce -5.4% |
| QQQ Invesco QQQ Trust Series 1 | 0.37% | 5,930 | $3.6M | Add +1.8% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.33% | 4,736 | $3.2M | Reduce -0.8% |
| NYF iShares New York Muni Bond E | 0.32% | 58,225 | $3.1M | No change |
| VOE Vngrd Mrngstr MD-Cap Val ETF | 0.31% | 17,422 | $3.1M | Reduce -2.5% |
| VNQ Vanguard Real Estate ETF | 0.31% | 34,423 | $3.0M | Reduce -3.7% |
| ESGU iShares ESG Aware MSCI USA | 0.28% | 18,500 | $2.8M | Reduce -2.0% |
| AVDE Avantis International Equity | 0.28% | 33,195 | $2.7M | Reduce -9.4% |
| ITOT iShares Core S&P Total U.S. | 0.27% | 17,900 | $2.7M | Reduce -8.2% |
| IDV iShares International Select | 0.26% | 64,477 | $2.5M | Add +4.1% |
| VCIT Vanguard Int-Term Corporate | 0.26% | 30,321 | $2.5M | Reduce -10.8% |
| IWF iShares Russell 1000 Growth | 0.25% | 5,247 | $2.5M | Reduce -0.5% |
| AMLP Alerian MLP ETF | 0.25% | 52,021 | $2.4M | No change |
| DGRW Wisdomtree U.S. Quality Divi | 0.24% | 26,056 | $2.3M | Reduce -5.3% |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 0.23% | 19,711 | $2.3M | New |
| ITW Illinois Tool Works | 0.22% | 8,945 | $2.2M | Reduce -10.2% |
| EWX State Street SPDR S&P Emergi | 0.22% | 33,437 | $2.2M | Reduce -0.1% |
| IEFA iShares Core MSCI Eafe ETF | 0.22% | 24,030 | $2.1M | Reduce -1.4% |
| DVY iShares Select Dividend ETF | 0.22% | 15,183 | $2.1M | Reduce -4.4% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 0.21% | 25,759 | $2.1M | Add +3.0% |
| MOAT Vaneck Morningstar Wide Moat | 0.21% | 19,535 | $2.0M | Reduce -13.0% |
| VWO Vanguard Ftse Emerging Marke | 0.20% | 37,177 | $2.0M | Reduce -2.9% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.20% | 6,689 | $2.0M | Add +3.3% |
| DFAT Dimensional US Target Value | 0.20% | 32,636 | $1.9M | No change |
| GLD SPDR Gold Shares | 0.20% | 4,898 | $1.9M | Reduce -3.0% |
| SCHH Schwab US REIT ETF | 0.19% | 87,647 | $1.8M | Reduce -5.9% |
| BND Vanguard Total Bond Market | 0.19% | 24,695 | $1.8M | Reduce -25.1% |
| FLOT iShares Floating Rate Bond E | 0.18% | 35,727 | $1.8M | Reduce -8.9% |
| VOO Vanguard S&P 500 ETF | 0.18% | 2,847 | $1.8M | Add +0.6% |
| COST Costco Wholesale Corp. | 0.17% | 2,001 | $1.7M | Reduce -0.9% |
| JNJ Johnson & Johnson | 0.17% | 8,276 | $1.7M | Add +4.9% |
| TM Toyota Motor Corp. -Spon ADR | 0.16% | 7,430 | $1.6M | No change |
| NEE Nextera Energy Inc. | 0.16% | 19,435 | $1.6M | Reduce -16.0% |
| MRK Merck & Co. Inc. | 0.16% | 14,737 | $1.6M | Reduce -5.9% |
| STAG Stag Industrial Inc. | 0.15% | 41,301 | $1.5M | Add +39.8% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.15% | 5,880 | $1.5M | No change |
| SPG Simon Property Group Inc. | 0.15% | 7,777 | $1.4M | Add +68.5% |
| DLN Wisdomtree US Largecap Divid | 0.14% | 16,223 | $1.4M | No change |
| AVGO Broadcom Inc. | 0.14% | 4,128 | $1.4M | Add +22.9% |
| EPD Enterprise Products Partners | 0.14% | 44,320 | $1.4M | Add +13.9% |
| AMD Advanced Micro Devices | 0.14% | 6,353 | $1.4M | Add +13.7% |
| MA Mastercard Inc. Class A | 0.14% | 2,356 | $1.3M | No change |
Portfolio Sells Q3 2025 → Q4 2025
| AAPL Apple Inc. | Reduce -4.4% | 5.33% | −0.58 |
| VEA Vanguard Ftse Developed ETF | Reduce -4.3% | 3.88% | −0.52 |
| IVV iShares Core S&P 500 ETF | Reduce -4.4% | 3.17% | −0.49 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -12.4% | 1.48% | −0.39 |
| PEP Pepsico Inc. | Reduce -7.4% | 1.99% | −0.39 |
| RVTY Revvity Inc. | Reduce -12.9% | 1.60% | −0.28 |
| IEMG iShares Core MSCI Emerging | Reduce -4.9% | 1.66% | −0.28 |
| MSFT Microsoft Corp. | Reduce -1.8% | 1.09% | −0.25 |
| VYM Vanguard High DVD Yield ETF | Reduce -15.0% | 0.72% | −0.22 |
| VIG Vanguard Dividend Apprec ETF | Reduce -4.1% | 0.95% | −0.15 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Reduce -5.6% | 0.69% | −0.15 |
| CRWD CrowdStrike Holdings Inc. Class A | Reduce -4.7% | 0.55% | −0.13 |
| SPDW Ste STR SPDR PT DW Eu ETF | Reduce -0.8% | 1.30% | −0.13 |
| PGX Invesco Preferred ETF | Reduce -69.6% | 0.04% | −0.12 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -0.1% | 0.85% | −0.11 |
| DGRO iShares Core Dividend Growth | Reduce -5.5% | 0.58% | −0.10 |
| BND Vanguard Total Bond Market | Reduce -25.1% | 0.19% | −0.10 |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | Reduce -2.6% | 0.67% | −0.09 |
| DES Wisdomtree US Smallcap Divid | Reduce -2.1% | 0.55% | −0.09 |
| DEM Wisdomtree Emerging Markets | Reduce -2.9% | 0.60% | −0.09 |
| ITW Illinois Tool Works | Reduce -10.2% | 0.22% | −0.07 |
| MUB iShares National Muni Bond E | Reduce -5.4% | 0.38% | −0.07 |
| VTEB Vanguard Tax-Exempt Bond ETF | Reduce -0.1% | 0.56% | −0.07 |
| VCIT Vanguard Int-Term Corporate | Reduce -10.8% | 0.26% | −0.07 |
| DON Wisdomtree US Midcap Dividen | Reduce -0.3% | 0.45% | −0.07 |
| SCZ iShares MSCI Eafe Small-Cap | Reduce -1.7% | 0.49% | −0.07 |
| MLPA Global X MLP ETF | Reduce -0.6% | 0.49% | −0.07 |
| VNQ Vanguard Real Estate ETF | Reduce -3.7% | 0.31% | −0.07 |
| SCHE Schwab Emrg Mrkts Eqty ETF | Reduce -0.3% | 0.39% | −0.06 |
| PFF iShares Preferred & Income S | Sold out | 0.00% | −0.06 |
| ITOT iShares Core S&P Total U.S. | Reduce -8.2% | 0.27% | −0.06 |
| AVDE Avantis International Equity | Reduce -9.4% | 0.28% | −0.05 |
| AGG iShares Core U.S. Aggregate | Reduce -23.6% | 0.11% | −0.05 |
| IDEV iShares Core MSCI Dev MKTS | Reduce -0.9% | 0.47% | −0.05 |
| MOAT Vaneck Morningstar Wide Moat | Reduce -13.0% | 0.21% | −0.05 |
| FLOT iShares Floating Rate Bond E | Reduce -8.9% | 0.18% | −0.05 |
| SCHH Schwab US REIT ETF | Reduce -5.9% | 0.19% | −0.04 |
| DGRW Wisdomtree U.S. Quality Divi | Reduce -5.3% | 0.24% | −0.04 |
| VOE Vngrd Mrngstr MD-Cap Val ETF | Reduce -2.5% | 0.31% | −0.04 |
| NEE Nextera Energy Inc. | Reduce -16.0% | 0.16% | −0.04 |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | Reduce -35.9% | 0.05% | −0.04 |
| DVY iShares Select Dividend ETF | Reduce -4.4% | 0.22% | −0.04 |
| CSQ Calamos Strat TTL RTRN FND | Sold out | 0.00% | −0.04 |
| COST Costco Wholesale Corp. | Reduce -0.9% | 0.17% | −0.04 |
| HD Home Depot Inc. | Reduce -2.6% | 0.11% | −0.04 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -0.8% | 0.33% | −0.04 |
| SCHF Schwab Intl Equity ETF | Reduce -21.5% | 0.09% | −0.04 |
| ESGU iShares ESG Aware MSCI USA | Reduce -2.0% | 0.28% | −0.04 |
| EWX State Street SPDR S&P Emergi | Reduce -0.1% | 0.22% | −0.04 |
| VWO Vanguard Ftse Emerging Marke | Reduce -2.9% | 0.20% | −0.04 |
Portfolio Buys Q3 2025 → Q4 2025
| ISHG iShares -3 Year Internationa | Add +183.4% | 1.06% | +0.63 |
| SHYG iShares 0-5 YR HY Corp. Bond | Add +163.2% | 0.67% | +0.38 |
| SHY iShares 1-3 Year Treasury Bo | Add +56.0% | 1.33% | +0.36 |
| IEI iShares 3-7 Year Treasury Bo | Add +77.6% | 0.81% | +0.29 |
| SPSB SS SPDR P St C Corp. ETF | Add +118.8% | 0.59% | +0.29 |
| STIP iShares 0-5 Year Tips Bond E | Add +45.7% | 1.18% | +0.25 |
| BNY Bank of New York Mellon Corp. | New | 0.23% | +0.23 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Add +66.0% | 0.43% | +0.14 |
| GOOG Alphabet Inc. Class C | Add +1.3% | 0.54% | +0.07 |
| XLP SS Consumer Staples Sel Sect | New | 0.07% | +0.07 |
| GOOGL Alphabet Inc. Class A | Add +0.3% | 0.57% | +0.07 |
| SUB iShares Short-Term National | Add +31.6% | 0.43% | +0.06 |
| EFA iShares MSCI Eafe ETF | Add +24.0% | 0.48% | +0.05 |
| AVLV Avantis US Large Cap Value | Add +22.2% | 0.40% | +0.05 |
| SPG Simon Property Group Inc. | Add +68.5% | 0.15% | +0.05 |
| VFH Vanguard Financials ETF | Add +19.4% | 0.55% | +0.04 |
| UMI Uscf Midstream Energy Income | New | 0.03% | +0.03 |
| STAG Stag Industrial Inc. | Add +39.8% | 0.15% | +0.03 |
| AMD Advanced Micro Devices | Add +13.7% | 0.14% | +0.03 |
| WES Western Midstream Partners L | New | 0.03% | +0.03 |
| MU Micron Technology Inc. | New | 0.03% | +0.03 |
| AVB Avalonbay Communities Inc. | New | 0.03% | +0.03 |
| TFC Truist Financial Corp. | New | 0.03% | +0.03 |
| AIQ Global X Art Intel & Tech | Add +16.4% | 0.48% | +0.03 |
| DOL Wisdomtree TR DVLP Intnl-Usd | Add +8.5% | 1.62% | +0.02 |
| MPLX MPLX LP | Add +42.2% | 0.09% | +0.02 |
| ILMN Illumina Inc. | New | 0.02% | +0.02 |
| BX Blackstone Inc. | New | 0.02% | +0.02 |
| GS Goldman Sachs Group Inc. | New | 0.02% | +0.02 |
| WMB Williams Cos Inc. | New | 0.02% | +0.02 |
| GILD Gilead Sciences Inc. | New | 0.02% | +0.02 |
| ES Eversource Energy | New | 0.02% | +0.02 |
| PINS Pinterest Inc. Class A | New | 0.02% | +0.02 |
| MO Altria Group Inc. | Add +60.6% | 0.11% | +0.02 |
| AZN Astrazeneca PLC-Spons ADR | New | 0.02% | +0.02 |
| ARTY iShares Future AI & Tech ETF | New | 0.02% | +0.02 |
| FPE FT-Preferred Secur & Inc. ETF | New | 0.02% | +0.02 |
| AVGO Broadcom Inc. | Add +22.9% | 0.14% | +0.02 |
| PANW Palo Alto Networks Inc. | Add +104.7% | 0.04% | +0.02 |
| CSCO Cisco Systems Inc. | Add +26.1% | 0.08% | +0.02 |
| JEPI JPMorgan Equity Premium Inco | Add +37.0% | 0.07% | +0.01 |
| AMGN Amgen Inc. | Add +36.8% | 0.04% | +0.01 |
| PAA Plains All Amer Pipeline LP | Add +65.0% | 0.04% | +0.01 |
| AVDV Avantis Intl S/C Value ETF | Add +10.4% | 0.38% | +0.01 |
| MORT Vaneck Mortgage REIT Income | Add +38.9% | 0.06% | +0.01 |
| ET Energy Transfer LP | Add +28.5% | 0.10% | +0.01 |
| VMRK Vivmark Residential | Add +24.2% | 0.11% | +0.01 |
| LMT Lockheed Martin Corp. | Add +35.9% | 0.05% | +0.01 |
| NIO Nio Inc. - ADR | New | 0.01% | +0.01 |
| JNJ Johnson & Johnson | Add +4.9% | 0.17% | +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 |