Cascades Capital Asset Management, LLC

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 13, 2025), Cascades Capital Asset Management, LLC reported 102 stock positions worth $182.8 million. Its top holding was Vanguard S&P 500 ETF (VOO) at 13.1% of the portfolio, followed by Vanguard S&P 500 Value ETF (VOOV, 8.8%) and Vanguard Dividend Apprec ETF (VIG, 7.3%). Compared with Q3 2024, it opened 11 new positions, sold out of 6, added to 41 and reduced 27. The biggest buy was Wisdomtree Floating Rate Tre (USFR, shares +21%) and the biggest sale an exit from Schwab US DVD Equity ETF (SCHD).

Most Recent 13F
Q2 2026
Location
GREENSBORO, NC
CIK
0002035512
Portfolio Value
$182.8M (Q4 2024)
SEC Filing
0001398344-25-002603 ↗ filed Feb 13, 2025

Holdings Value

0$100.0M$200.0M$300.0M Q3 2024: $176.6M Q3 2024 Q4 2024: $182.8M $182.8M Q4 2024 Q1 2025: $181.2M Q1 2025 Q2 2025: $191.4M Q2 2025 Q3 2025: $223.7M Q3 2025 Q4 2025: $234.7M Q4 2025 Q1 2026: $235.8M Q1 2026 Q2 2026: $268.3M Q2 2026

Holdings 102 stocks · $182.8M
VOO Vanguard S&P 500 ETF 13.09% 44,387 $23.9M Reduce -2.6%
VOOV Vanguard S&P 500 Value ETF 8.79% 87,097 $16.1M Add +0.2%
VIG Vanguard Dividend Apprec ETF 7.33% 68,429 $13.4M Add +11.3%
MSFT Microsoft Corp. 6.51% 28,234 $11.9M Add +1.2%
AAPL Apple Inc. 6.45% 47,044 $11.8M Reduce -0.5%
NVDA Nvidia Corp. 4.50% 61,187 $8.2M Reduce -3.3%
VUG Vanguard Mrngstar GR ETF-Sui 3.22% 14,336 $5.9M Add +7.4%
USFR Wisdomtree Floating Rate Tre 3.14% 113,994 $5.7M Add +21.4%
DGRW Wisdomtree U.S. Quality Divi 2.69% 60,776 $4.9M Add +12.6%
VO Vngrd Mrngstr MD-Cap ETF-Usd 2.36% 16,333 $4.3M Add +13.2%
UNH Unitedhealth Group Inc. 2.27% 8,217 $4.2M Add +0.2%
SPY SS SPDR S&P 500 ETF Trust-US 2.20% 6,852 $4.0M Add +0.1%
GOOGL Alphabet Inc. Class A 1.67% 16,114 $3.1M Add +0.6%
PSFF Pacer Swan Sos Fund of Funds 1.34% 83,470 $2.4M Reduce -6.8%
IEI iShares 3-7 Year Treasury Bo 1.30% 20,617 $2.4M Add +22.4%
META Meta Platforms Inc. Class A 1.30% 4,056 $2.4M Add +2.3%
POWERSHARES 1.27% 4,527 $2.3M Add +6.8%
MCD McDonald's Corp. 1.15% 7,257 $2.1M Reduce -0.3%
FDS Factset Research Systems Inc. 1.15% 4,379 $2.1M No change
FNDX Schwab Fndmntl US LRG Co. ETF 1.13% 87,497 $2.1M Add +39.8%
LLY Eli Lilly & Co. 1.11% 2,618 $2.0M Reduce -1.6%
V Visa Inc. Class A 1.07% 6,198 $2.0M Reduce -0.3%
HD Home Depot Inc. 1.00% 4,685 $1.8M Reduce -2.1%
FBNC First Bancorp 0.90% 37,441 $1.6M Reduce -2.6%
XOM Exxon Mobil Corp. 0.89% 15,162 $1.6M Add +0.5%
SCHI Schwab 5-10 Year Corporate B 0.84% 69,699 $1.5M Add +68.6%
BRK.B Berkshire Hathaway Inc. Class B 0.79% 3,174 $1.4M Add +11.7%
AMZN Amazon.com Inc. 0.72% 6,025 $1.3M Reduce -2.5%
LMT Lockheed Martin Corp. 0.72% 2,695 $1.3M Reduce -2.3%
JPM JPMorgan Chase & Co. 0.67% 5,097 $1.2M Add +0.2%
LRGE Clearbridge Large Cap Growth 0.65% 15,821 $1.2M Reduce -5.5%
ABBV Abbvie Inc. 0.58% 5,937 $1.1M Reduce -0.4%
GDX Market Vectors Semiconductor 0.57% 4,266 $1.0M Add +0.3%
LOW Lowe's Cos Inc. 0.51% 3,743 $924K Reduce -0.6%
IGV iShares Expanded Tech-Softwa 0.49% 8,962 $897K Add +20.0%
DUK Duke Energy Corp. 0.48% 8,159 $879K Add +0.1%
CAT Caterpillar Inc. 0.45% 2,249 $816K Add +0.3%
DGRO iShares Core Dividend Growth 0.44% 13,129 $805K Reduce -1.0%
TSM Taiwan Semiconductor-SP ADR 0.43% 3,997 $789K Add +9.6%
CRWD CrowdStrike Holdings Inc. Class A 0.43% 2,273 $778K Reduce -4.9%
CRM Salesforce Inc. 0.42% 2,302 $770K No change
VGT Vanguard Info Tech ETF 0.42% 1,229 $764K New
RTX RTX Corp. 0.39% 6,210 $719K Add +3.1%
PANW Palo Alto Networks Inc. 0.37% 3,726 $678K No change
XLE SS Energy Select Sector 0.36% 7,717 $661K New
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.36% 5,391 $651K Add +0.0%
AUB Atlantic Union Bankshares Co. 0.35% 16,772 $635K Reduce -13.8%
PEP Pepsico Inc. 0.34% 4,106 $624K Reduce -8.7%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.34% 14,047 $617K Add +11.8%
TSLA Tesla Inc. 0.31% 1,392 $562K Add +3.7%
RSP Guggenheim S&P 500 Equal Wei 0.30% 3,146 $551K Add +0.3%
AMGN Amgen Inc. 0.30% 2,114 $551K No change
PH Parker Hannifin Corp. 0.29% 845 $537K No change
WM Waste Management Inc. 0.29% 2,657 $536K Add +0.1%
JEPI JPMorgan Equity Premium Inco 0.29% 9,153 $527K Reduce -16.4%
CSCO Cisco Systems Inc. 0.26% 8,055 $477K Add +0.1%
WMT Walmart Inc. 0.26% 5,200 $470K Add +1.0%
JNJ Johnson & Johnson 0.26% 3,236 $468K Reduce -8.6%
ORCL Oracle Corp. 0.25% 2,751 $459K Add +23.0%
FCX Freeport-McMoran Inc. 0.24% 11,606 $442K No change
USMV iShares MSCI USA Min Vol Fac 0.23% 4,701 $417K No change
PAYX Paychex Inc. 0.23% 2,956 $415K Add +0.7%
FDX FedEx Corp. 0.23% 1,464 $412K Reduce -2.1%
MDT Medtronic Inc 0.22% 5,139 $411K No change
SYK Stryker Corp. 0.22% 1,130 $407K No change
ADBE Adobe Inc. 0.22% 912 $406K Reduce -14.1%
Bitcoin Investment Ord 0.21% 5,244 $388K New
NFLX Netflix Inc. 0.21% 432 $385K Add +25.2%
MRK Merck & Co. Inc. 0.21% 3,835 $382K Reduce -58.0%
MKL Markel Group Inc. 0.20% 211 $364K No change
GRMN Garmin Ltd. 0.19% 1,721 $355K No change
CMCSA Comcast Corp. Class A 0.19% 9,433 $354K Reduce -5.2%
COST Costco Wholesale Corp. 0.19% 381 $349K Add +0.3%
CHD Church & Dwight Co. Inc. 0.19% 3,318 $347K No change
UNP Union Pacific Corp. 0.19% 1,518 $346K Add +6.2%
CB Chubb Corp. 0.18% 1,184 $327K No change
PG The Procter & Gamble Co. 0.18% 1,933 $324K Add +0.2%
GE General Electric Company 0.17% 1,903 $317K No change
BKNG Booking Holdings Inc. 0.17% 62 $308K No change
ROP Roper Technologies Inc. 0.16% 569 $296K No change
AVGO Broadcom Inc. 0.16% 1,272 $295K New
PLTR Palantir Technologies Inc. Class A 0.16% 3,889 $294K New
NUE Nucor Corp. 0.16% 2,474 $289K Reduce -1.8%
TCHP T Rowe Price Blue Chip Growt 0.16% 6,845 $288K No change
CVX Chevron Corp. 0.15% 1,914 $277K New
LQD Ishr Ibx Usd Invgd CB ETF-Ui 0.15% 2,575 $275K New
XLI SS Industrial Select Sector 0.14% 2,001 $264K New
VZ Verizon Communications Inc. 0.14% 6,457 $258K Reduce -32.9%
GOOG Alphabet Inc. Class C 0.14% 1,351 $257K No change
FISV Fiserv Inc. 0.14% 1,250 $257K No change
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.14% 2,305 $257K Reduce -0.5%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.14% 1,166 $256K Add +0.2%
MO Altria Group Inc. 0.14% 4,870 $255K New
INTC Intel Corp. 0.14% 12,407 $249K Add +0.3%
NKE Nike Inc. Class B 0.13% 3,114 $236K Add +0.1%
URI United Rentals Inc. 0.13% 325 $229K No change
ITW Illinois Tool Works 0.12% 872 $221K No change
GLD SPDR Gold Shares 0.12% 900 $218K New
TSCO Tractor Supply Company 0.12% 4,020 $213K Add +0.4%
ACN Accenture PLC Class A 0.12% 604 $212K No change

Show all 102 holdings

Other holdings (4): bonds, preferreds, convertibles and warrants · $4.8M (not counted above)
SecurityClassShares / PrincipalValueChange
JPMORGAN CHASE & CO (JPM 6 PERP EE) Common Stock 62,775$1.6MReduce -2.4%
BANK OF AMERICA CORP (BAC 6 PERP GG) PFD 61,937$1.6MReduce -1.5%
FIRST CITIZENS BANCSHARE (FCNCA 5.625 PERP C) Equity 39,675$890KAdd +1.1%
US BANCORP (USB 4.5 PERP O) Common Stock 35,929$724KAdd +3.5%

Total filed on the 13F, all lines: $187.5M.

Portfolio Sells Q3 2024 → Q4 2024
SCHD Schwab US DVD Equity ETF Sold out 0.00% −0.89
VOO Vanguard S&P 500 ETF Reduce -2.6% 13.09% −0.53
MRK Merck & Co. Inc. Reduce -58.0% 0.21% −0.38
LLY Eli Lilly & Co. Reduce -1.6% 1.11% −0.23
LMT Lockheed Martin Corp. Reduce -2.3% 0.72% −0.20
BX Blackstone Inc. Sold out 0.00% −0.14
AMD Advanced Micro Devices Sold out 0.00% −0.13
ECL Ecolab Inc. Sold out 0.00% −0.12
PSFF Pacer Swan Sos Fund of Funds Reduce -6.8% 1.34% −0.12
MU Micron Technology Inc. Sold out 0.00% −0.12
CNC Centene Corp. Sold out 0.00% −0.11
MCD McDonald's Corp. Reduce -0.3% 1.15% −0.10
VZ Verizon Communications Inc. Reduce -32.9% 0.14% −0.10
HD Home Depot Inc. Reduce -2.1% 1.00% −0.10
PEP Pepsico Inc. Reduce -8.7% 0.34% −0.09
ABBV Abbvie Inc. Reduce -0.4% 0.58% −0.09
ADBE Adobe Inc. Reduce -14.1% 0.22% −0.09
JEPI JPMorgan Equity Premium Inco Reduce -16.4% 0.29% −0.08
LOW Lowe's Cos Inc. Reduce -0.6% 0.51% −0.07
JNJ Johnson & Johnson Reduce -8.6% 0.26% −0.07
AUB Atlantic Union Bankshares Co. Reduce -13.8% 0.35% −0.07
NUE Nucor Corp. Reduce -1.8% 0.16% −0.06
CMCSA Comcast Corp. Class A Reduce -5.2% 0.19% −0.04
LRGE Clearbridge Large Cap Growth Reduce -5.5% 0.65% −0.04
DGRO iShares Core Dividend Growth Reduce -1.0% 0.44% −0.03
FDX FedEx Corp. Reduce -2.1% 0.23% −0.01
FBNC First Bancorp Reduce -2.6% 0.90% −0.00
DIS The Walt Disney Co. Reduce -0.5% 0.14% +0.01
CRWD CrowdStrike Holdings Inc. Class A Reduce -4.9% 0.43% +0.05
AMZN Amazon.com Inc. Reduce -2.5% 0.72% +0.07
V Visa Inc. Class A Reduce -0.3% 1.07% +0.10
NVDA Nvidia Corp. Reduce -3.3% 4.50% +0.15
AAPL Apple Inc. Reduce -0.5% 6.45% +0.21

Portfolio Buys Q3 2024 → Q4 2024
USFR Wisdomtree Floating Rate Tre Add +21.4% 3.14% +0.47
VIG Vanguard Dividend Apprec ETF Add +11.3% 7.33% +0.44
VGT Vanguard Info Tech ETF New 0.42% +0.42
XLE SS Energy Select Sector New 0.36% +0.36
VUG Vanguard Mrngstar GR ETF-Sui Add +7.4% 3.22% +0.32
SCHI Schwab 5-10 Year Corporate B Add +68.6% 0.84% +0.30
FNDX Schwab Fndmntl US LRG Co. ETF Add +39.8% 1.13% +0.29
Bitcoin Investment Ord New 0.21% +0.21
VO Vngrd Mrngstr MD-Cap ETF-Usd Add +13.2% 2.36% +0.21
GOOGL Alphabet Inc. Class A Add +0.6% 1.67% +0.17
IEI iShares 3-7 Year Treasury Bo Add +22.4% 1.30% +0.16
AVGO Broadcom Inc. New 0.16% +0.16
PLTR Palantir Technologies Inc. Class A New 0.16% +0.16
CVX Chevron Corp. New 0.15% +0.15
LQD Ishr Ibx Usd Invgd CB ETF-Ui New 0.15% +0.15
DGRW Wisdomtree U.S. Quality Divi Add +12.6% 2.69% +0.15
XLI SS Industrial Select Sector New 0.14% +0.14
MO Altria Group Inc. New 0.14% +0.14
GLD SPDR Gold Shares New 0.12% +0.12
IGV iShares Expanded Tech-Softwa Add +20.0% 0.49% +0.11
TFC Truist Financial Corp. New 0.11% +0.11
TSLA Tesla Inc. Add +3.7% 0.31% +0.11
POWERSHARES Add +6.8% 1.27% +0.10
TSM Taiwan Semiconductor-SP ADR Add +9.6% 0.43% +0.07
NFLX Netflix Inc. Add +25.2% 0.21% +0.07
JPM JPMorgan Chase & Co. Add +0.2% 0.67% +0.06
BAC Bank of America Corp. Add +11.8% 0.34% +0.06
BRK.B Berkshire Hathaway Inc. Class B Add +11.7% 0.79% +0.05
ORCL Oracle Corp. Add +23.0% 0.25% +0.04
WMT Walmart Inc. Add +1.0% 0.26% +0.02
CSCO Cisco Systems Inc. Add +0.1% 0.26% +0.02
META Meta Platforms Inc. Class A Add +2.3% 1.30% +0.01
PAYX Paychex Inc. Add +0.7% 0.23% +0.00
COST Costco Wholesale Corp. Add +0.3% 0.19% −0.00
TJX TJX Companies Inc. Add +0.0% 0.36% −0.00
IBM Intl Business Machines Corp. Add +0.2% 0.14% −0.01
UNP Union Pacific Corp. Add +6.2% 0.19% −0.01
PG The Procter & Gamble Co. Add +0.2% 0.18% −0.01
TSCO Tractor Supply Company Add +0.4% 0.12% −0.02
RSP Guggenheim S&P 500 Equal Wei Add +0.3% 0.30% −0.02
WM Waste Management Inc. Add +0.1% 0.29% −0.02
RTX RTX Corp. Add +3.1% 0.39% −0.02
GDX Market Vectors Semiconductor Add +0.3% 0.57% −0.03
NKE Nike Inc. Class B Add +0.1% 0.13% −0.03
SPY SS SPDR S&P 500 ETF Trust-US Add +0.1% 2.20% −0.03
INTC Intel Corp. Add +0.3% 0.14% −0.03
CAT Caterpillar Inc. Add +0.3% 0.45% −0.05
DUK Duke Energy Corp. Add +0.1% 0.48% −0.05
XOM Exxon Mobil Corp. Add +0.5% 0.89% −0.11
MSFT Microsoft Corp. Add +1.2% 6.51% −0.29

Notes & Other Activity Q3 2024 → Q4 2024
JPMORGAN CHASE & CO (JPM 6 PERP EE) Common Stock Reduce -2.4% 62,775 $1.6M
BANK OF AMERICA CORP (BAC 6 PERP GG) PFD Reduce -1.5% 61,937 $1.6M
FIRST CITIZENS BANCSHARE (FCNCA 5.625 PERP C) Equity Add +1.1% 39,675 $890K
US BANCORP (USB 4.5 PERP O) Common Stock Add +3.5% 35,929 $724K

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 165$268.3MVIG, VOO, VOOV, VTV, AAPL
Q1 2026 156$235.8MVIG, VOO, VOOV, AAPL, MSFT
Q4 2025 160$234.7MVIG, VOO, VOOV, MSFT, AAPL
Q3 2025 151$223.7MVOO, VIG, MSFT, VOOV, AAPL
Q2 2025 142$191.4MVOO, VIG, MSFT, VOOV, AAPL
Q1 2025 139$181.2MVOO, VIG, VOOV, AAPL, MSFT
Q4 2024 102$182.8MVOO, VOOV, VIG, MSFT, AAPL
Q3 2024 97$176.6MVOO, VOOV, VIG, MSFT, AAPL