Cascades Capital Asset Management, LLC

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), Cascades Capital Asset Management, LLC reported 139 stock positions worth $181.2 million. Its top holding was Vanguard S&P 500 ETF (VOO) at 11.7% of the portfolio, followed by Vanguard Dividend Apprec ETF (VIG, 8.0%) and Vanguard S&P 500 Value ETF (VOOV, 8.0%). Compared with Q4 2024, it opened 41 new positions, sold out of 4, added to 43 and reduced 36. The biggest buy was Vanguard Dividend Apprec ETF (VIG, shares +9%) and the biggest sale Vanguard S&P 500 ETF (VOO, shares −7%).

Most Recent 13F
Q2 2026
Location
GREENSBORO, NC
CIK
0002035512
Portfolio Value
$181.2M (Q1 2025)
SEC Filing
0001398344-25-009590 ↗ filed May 15, 2025

Holdings Value

0$100.0M$200.0M$300.0M Q3 2024: $176.6M Q3 2024 Q4 2024: $182.8M Q4 2024 Q1 2025: $181.2M $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 139 stocks · $181.2M
VOO Vanguard S&P 500 ETF 11.68% 41,192 $21.2M Reduce -7.2%
VIG Vanguard Dividend Apprec ETF 8.01% 74,864 $14.5M Add +9.4%
VOOV Vanguard S&P 500 Value ETF 8.00% 78,753 $14.5M Reduce -9.6%
AAPL Apple Inc. 5.72% 46,658 $10.4M Reduce -0.8%
MSFT Microsoft Corp. 5.70% 27,525 $10.3M Reduce -2.5%
USFR Wisdomtree Floating Rate Tre 3.48% 125,444 $6.3M Add +10.0%
NVDA Nvidia Corp. 3.47% 58,067 $6.3M Reduce -5.1%
VUG Vanguard Mrngstar GR ETF-Sui 2.90% 14,195 $5.3M Reduce -1.0%
DGRW Wisdomtree U.S. Quality Divi 2.90% 65,842 $5.3M Add +8.3%
UNH Unitedhealth Group Inc. 2.31% 8,006 $4.2M Reduce -2.6%
VO Vngrd Mrngstr MD-Cap ETF-Usd 2.27% 15,935 $4.1M Reduce -2.4%
SPY SS SPDR S&P 500 ETF Trust-US 2.12% 6,857 $3.8M Add +0.1%
GOOGL Alphabet Inc. Class A 1.67% 19,522 $3.0M Add +21.1%
IEI iShares 3-7 Year Treasury Bo 1.62% 24,828 $2.9M Add +20.4%
PSFF Pacer Swan Sos Fund of Funds 1.27% 80,840 $2.3M Reduce -3.1%
META Meta Platforms Inc. Class A 1.25% 3,938 $2.3M Reduce -2.9%
MCD McDonald's Corp. 1.21% 7,002 $2.2M Reduce -3.5%
V Visa Inc. Class A 1.20% 6,207 $2.2M Add +0.1%
BRK.B Berkshire Hathaway Inc. Class B 1.17% 3,982 $2.1M Add +25.5%
FNDX Schwab Fndmntl US LRG Co. ETF 1.16% 89,116 $2.1M Add +1.9%
LLY Eli Lilly & Co. 1.16% 2,536 $2.1M Reduce -3.1%
FDS Factset Research Systems Inc. 1.09% 4,336 $2.0M Reduce -1.0%
POWERSHARES 1.01% 3,916 $1.8M Reduce -13.5%
XOM Exxon Mobil Corp. 0.97% 14,786 $1.8M Reduce -2.5%
HD Home Depot Inc. 0.93% 4,617 $1.7M Reduce -1.4%
SCHI Schwab 5-10 Year Corporate B 0.91% 73,220 $1.6M Add +5.0%
FBNC First Bancorp 0.82% 36,974 $1.5M Reduce -1.3%
JPM JPMorgan Chase & Co. 0.71% 5,258 $1.3M Add +3.2%
ABBV Abbvie Inc. 0.66% 5,707 $1.2M Reduce -3.9%
LMT Lockheed Martin Corp. 0.65% 2,652 $1.2M Reduce -1.6%
AMZN Amazon.com Inc. 0.65% 6,189 $1.2M Add +2.7%
USMV iShares MSCI USA Min Vol Fac 0.63% 12,151 $1.1M Add +158.5%
LRGE Clearbridge Large Cap Growth 0.61% 15,821 $1.1M No change
DUK Duke Energy Corp. 0.56% 8,331 $1.0M Add +2.1%
LOW Lowe's Cos Inc. 0.48% 3,744 $873K Add +0.0%
JEPI JPMorgan Equity Premium Inco 0.47% 14,892 $851K Add +62.7%
RTN.A Raytheon Co. Class A 0.45% 6,221 $824K New
DGRO iShares Core Dividend Growth 0.43% 12,662 $782K Reduce -3.6%
CAT Caterpillar Inc. 0.41% 2,255 $744K Add +0.3%
XLE SS Energy Select Sector 0.41% 7,925 $741K Add +2.7%
IGV iShares Expanded Tech-Softwa 0.41% 8,299 $739K Reduce -7.4%
VGT Vanguard Info Tech ETF 0.37% 1,240 $672K Add +0.9%
GDX Market Vectors Semiconductor 0.37% 3,163 $669K Reduce -25.9%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.37% 15,963 $666K Add +13.6%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.37% 5,463 $665K Add +1.3%
AMGN Amgen Inc. 0.36% 2,114 $659K No change
CRWD CrowdStrike Holdings Inc. Class A 0.36% 1,843 $650K Reduce -18.9%
GLD SPDR Gold Shares 0.34% 2,160 $622K Add +140.0%
CRM Salesforce Inc. 0.34% 2,303 $618K Add +0.0%
WM Waste Management Inc. 0.34% 2,660 $616K Add +0.1%
WMT Walmart Inc. 0.31% 6,414 $563K Add +23.4%
RSP Guggenheim S&P 500 Equal Wei 0.30% 3,158 $547K Add +0.4%
JNJ Johnson & Johnson 0.30% 3,247 $538K Add +0.3%
PANW Palo Alto Networks Inc. 0.30% 3,141 $536K Reduce -15.7%
AUB Atlantic Union Bankshares Co. 0.29% 16,772 $522K No change
PH Parker Hannifin Corp. 0.28% 845 $514K No change
TSM Taiwan Semiconductor-SP ADR 0.28% 3,077 $511K Reduce -23.0%
CSCO Cisco Systems Inc. 0.27% 7,811 $482K Reduce -3.0%
PAYX Paychex Inc. 0.25% 2,975 $459K Add +0.6%
SCHD Schwab US DVD Equity ETF 0.25% 16,350 $457K New
FCX Freeport-McMoran Inc. 0.25% 11,856 $449K Add +2.1%
MDT Medtronic Inc 0.24% 4,904 $441K Reduce -4.6%
PEP Pepsico Inc. 0.24% 2,919 $438K Reduce -28.9%
SYK Stryker Corp. 0.23% 1,130 $421K No change
NFLX Netflix Inc. 0.22% 430 $401K Reduce -0.5%
XLF SS Financial Select Sector 0.22% 8,025 $400K New
MKL Markel Group Inc. 0.22% 211 $394K No change
COST Costco Wholesale Corp. 0.21% 404 $382K Add +6.0%
GE General Electric Company 0.21% 1,903 $381K No change
GRMN Garmin Ltd. 0.21% 1,721 $374K No change
ADBE Adobe Inc. 0.20% 962 $369K Add +5.5%
FDX FedEx Corp. 0.20% 1,508 $368K Add +3.0%
TSLA Tesla Inc. 0.20% 1,413 $366K Add +1.5%
CHD Church & Dwight Co. Inc. 0.20% 3,318 $365K No change
XLI SS Industrial Select Sector 0.19% 2,646 $347K Add +32.2%
CMCSA Comcast Corp. Class A 0.19% 9,208 $340K Reduce -2.4%
ROP Roper Technologies Inc. 0.19% 569 $335K No change
PG The Procter & Gamble Co. 0.18% 1,936 $330K Add +0.2%
VCSH Vanguard S/T Corp. Bond ETF 0.18% 4,100 $324K New
MO Altria Group Inc. 0.18% 5,293 $318K Add +8.7%
GMAR FT Vest US Equity Moderate B 0.17% 8,400 $312K New
ORCL Oracle Corp. 0.17% 2,223 $311K Reduce -19.2%
VZ Verizon Communications Inc. 0.17% 6,657 $302K Add +3.1%
CVX Chevron Corp. 0.17% 1,797 $301K Reduce -6.1%
NUE Nucor Corp. 0.16% 2,475 $298K Add +0.0%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.16% 1,177 $293K Add +0.9%
UNP Union Pacific Corp. 0.16% 1,231 $291K Reduce -18.9%
PSCX Pacer Swan Sos Conservative 0.16% 10,600 $288K New
BKNG Booking Holdings Inc. 0.16% 62 $286K No change
COWG Pacer US LRG Cap Cows GR LD 0.16% 9,215 $284K New
INTC Intel Corp. 0.16% 12,407 $282K No change
FISV Fiserv Inc. 0.15% 1,250 $276K No change
TCHP T Rowe Price Blue Chip Growt 0.14% 6,845 $261K No change
GS Goldman Sachs Group Inc. 0.14% 476 $260K New
SLV iShares Silver Trust 0.14% 8,250 $256K New
MRK Merck & Co. Inc. 0.14% 2,843 $255K Reduce -25.9%
TFC Truist Financial Corp. 0.13% 5,929 $244K Add +26.6%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.13% 2,310 $228K Add +0.2%
TSCO Tractor Supply Company 0.12% 4,107 $226K Add +2.2%
ABT Abbott Laboratories 0.12% 1,680 $223K New
SPYD SS SPDR P S&P 500 Hi Div ETF 0.12% 5,000 $221K New
ITW Illinois Tool Works 0.12% 872 $216K No change
ECL Ecolab Inc. 0.12% 843 $214K New
URI United Rentals Inc. 0.11% 325 $204K No change
CNI Canadian Natl Railway Co. 0.11% 2,043 $199K No change
NKE Nike Inc. Class B 0.11% 3,116 $198K Add +0.1%
ACN Accenture PLC Class A 0.10% 604 $188K No change
IDHQ Invesco S&P International DE 0.10% 6,223 $186K New
GLW Corning Inc. 0.10% 4,012 $184K New
D Dominion Energy Inc. 0.10% 3,215 $180K New
NVS Novartis AG-Sponsored ADR 0.09% 1,493 $166K New
CLS Celestica Inc. 0.09% 2,100 $166K New
BA The Boeing Co. 0.09% 948 $162K New
CNC Centene Corp. 0.09% 2,658 $161K New
PROSHARES VIX SHORT-TERM FUT 0.09% 3,200 $161K New
EOG EOG Resources Inc. 0.09% 1,245 $160K New
BADGER DAYLIGHTING LTD 0.09% 5,792 $156K New
NEM Newmont Corp. 0.09% 3,194 $154K New
AVGO Broadcom Inc. 0.08% 916 $153K Reduce -28.0%
LRCX Lam Research Corp. 0.08% 2,086 $152K New
VTV Vanguard Mrngstr Val ETF-Aui 0.08% 866 $150K New
CMI Cummins Inc. 0.08% 462 $145K New
GEV GE Vernova Inc. 0.08% 474 $145K New
KO The Coca-Cola Co. 0.08% 1,939 $139K New
PM Philip Morris International 0.07% 834 $132K New
CCI Crown Castle Intl Corp. Com 0.07% 1,264 $132K New
WFC Wells Fargo & Co. 0.07% 1,825 $131K New
MU Micron Technology Inc. 0.07% 1,503 $131K New
PLTR Palantir Technologies Inc. Class A 0.07% 1,518 $128K Reduce -61.0%
TXN Texas Instruments Inc. 0.07% 704 $127K New
LIN Linde PLC 0.06% 247 $115K New
QQQM Invesco Nasdaq 100 ETF 0.06% 594 $115K New
AMD Advanced Micro Devices 0.06% 1,115 $115K New
RHHBY Roche Holdings Ltd.-Spons ADR 0.06% 2,625 $108K New
C Citigroup Inc. 0.06% 1,455 $103K New
NSRGY Nestle SA-Spons ADR 0.06% 1,019 $103K New
SCHG Schwab US Large-Cap Growth 0.06% 4,114 $103K New
MP MP Materials Corp. 0.06% 4,200 $103K New
CB Chubb Corp. 0.00% 1,184 $358 No change
Other holdings (3): bonds, preferreds, convertibles and warrants · $3.7M (not counted above)
SecurityClassShares / PrincipalValueChange
JPMORGAN CHASE & CO (JPM 6 PERP EE) Common Stock 62,481$1.6MReduce -0.5%
BANK OF AMERICA CORP (BAC 6 PERP GG) PFD 60,337$1.5MReduce -2.6%
US BANCORP (USB 4.5 PERP O) Common Stock 34,807$666KReduce -3.1%

Total filed on the 13F, all lines: $185.0M.

Portfolio Sells Q4 2024 → Q1 2025
VOO Vanguard S&P 500 ETF Reduce -7.2% 11.68% −1.41
NVDA Nvidia Corp. Reduce -5.1% 3.47% −1.02
MSFT Microsoft Corp. Reduce -2.5% 5.70% −0.81
VOOV Vanguard S&P 500 Value ETF Reduce -9.6% 8.00% −0.79
AAPL Apple Inc. Reduce -0.8% 5.72% −0.73
RTX RTX Corp. Sold out 0.00% −0.39
VUG Vanguard Mrngstar GR ETF-Sui Reduce -1.0% 2.90% −0.32
POWERSHARES Reduce -13.5% 1.01% −0.25
Bitcoin Investment Ord Sold out 0.00% −0.21
GDX Market Vectors Semiconductor Reduce -25.9% 0.37% −0.20
LQD Ishr Ibx Usd Invgd CB ETF-Ui Sold out 0.00% −0.15
TSM Taiwan Semiconductor-SP ADR Reduce -23.0% 0.28% −0.15
GOOG Alphabet Inc. Class C Sold out 0.00% −0.14
PEP Pepsico Inc. Reduce -28.9% 0.24% −0.10
PLTR Palantir Technologies Inc. Class A Reduce -61.0% 0.07% −0.09
VO Vngrd Mrngstr MD-Cap ETF-Usd Reduce -2.4% 2.27% −0.09
IGV iShares Expanded Tech-Softwa Reduce -7.4% 0.41% −0.08
FBNC First Bancorp Reduce -1.3% 0.82% −0.08
ORCL Oracle Corp. Reduce -19.2% 0.17% −0.08
AVGO Broadcom Inc. Reduce -28.0% 0.08% −0.08
PANW Palo Alto Networks Inc. Reduce -15.7% 0.30% −0.08
MRK Merck & Co. Inc. Reduce -25.9% 0.14% −0.07
CRWD CrowdStrike Holdings Inc. Class A Reduce -18.9% 0.36% −0.07
PSFF Pacer Swan Sos Fund of Funds Reduce -3.1% 1.27% −0.06
HD Home Depot Inc. Reduce -1.4% 0.93% −0.06
FDS Factset Research Systems Inc. Reduce -1.0% 1.09% −0.06
LMT Lockheed Martin Corp. Reduce -1.6% 0.65% −0.06
META Meta Platforms Inc. Class A Reduce -2.9% 1.25% −0.05
UNP Union Pacific Corp. Reduce -18.9% 0.16% −0.03
DGRO iShares Core Dividend Growth Reduce -3.6% 0.43% −0.01
CMCSA Comcast Corp. Class A Reduce -2.4% 0.19% −0.01
CSCO Cisco Systems Inc. Reduce -3.0% 0.27% +0.01
NFLX Netflix Inc. Reduce -0.5% 0.22% +0.01
CVX Chevron Corp. Reduce -6.1% 0.17% +0.01
MDT Medtronic Inc Reduce -4.6% 0.24% +0.02
UNH Unitedhealth Group Inc. Reduce -2.6% 2.31% +0.04
LLY Eli Lilly & Co. Reduce -3.1% 1.16% +0.05
MCD McDonald's Corp. Reduce -3.5% 1.21% +0.06
XOM Exxon Mobil Corp. Reduce -2.5% 0.97% +0.08
ABBV Abbvie Inc. Reduce -3.9% 0.66% +0.08

Portfolio Buys Q4 2024 → Q1 2025
VIG Vanguard Dividend Apprec ETF Add +9.4% 8.01% +0.68
RTN.A Raytheon Co. Class A New 0.45% +0.45
USMV iShares MSCI USA Min Vol Fac Add +158.5% 0.63% +0.40
BRK.B Berkshire Hathaway Inc. Class B Add +25.5% 1.17% +0.38
USFR Wisdomtree Floating Rate Tre Add +10.0% 3.48% +0.35
IEI iShares 3-7 Year Treasury Bo Add +20.4% 1.62% +0.31
SCHD Schwab US DVD Equity ETF New 0.25% +0.25
GLD SPDR Gold Shares Add +140.0% 0.34% +0.22
XLF SS Financial Select Sector New 0.22% +0.22
DGRW Wisdomtree U.S. Quality Divi Add +8.3% 2.90% +0.21
JEPI JPMorgan Equity Premium Inco Add +62.7% 0.47% +0.18
VCSH Vanguard S/T Corp. Bond ETF New 0.18% +0.18
GMAR FT Vest US Equity Moderate B New 0.17% +0.17
PSCX Pacer Swan Sos Conservative New 0.16% +0.16
COWG Pacer US LRG Cap Cows GR LD New 0.16% +0.16
GS Goldman Sachs Group Inc. New 0.14% +0.14
SLV iShares Silver Trust New 0.14% +0.14
V Visa Inc. Class A Add +0.1% 1.20% +0.13
ABT Abbott Laboratories New 0.12% +0.12
SPYD SS SPDR P S&P 500 Hi Div ETF New 0.12% +0.12
ECL Ecolab Inc. New 0.12% +0.12
IDHQ Invesco S&P International DE New 0.10% +0.10
GLW Corning Inc. New 0.10% +0.10
D Dominion Energy Inc. New 0.10% +0.10
NVS Novartis AG-Sponsored ADR New 0.09% +0.09
CLS Celestica Inc. New 0.09% +0.09
BA The Boeing Co. New 0.09% +0.09
CNC Centene Corp. New 0.09% +0.09
PROSHARES VIX SHORT-TERM FUT New 0.09% +0.09
EOG EOG Resources Inc. New 0.09% +0.09
BADGER DAYLIGHTING LTD New 0.09% +0.09
NEM Newmont Corp. New 0.09% +0.09
LRCX Lam Research Corp. New 0.08% +0.08
VTV Vanguard Mrngstr Val ETF-Aui New 0.08% +0.08
CMI Cummins Inc. New 0.08% +0.08
GEV GE Vernova Inc. New 0.08% +0.08
DUK Duke Energy Corp. Add +2.1% 0.56% +0.08
KO The Coca-Cola Co. New 0.08% +0.08
PM Philip Morris International New 0.07% +0.07
CCI Crown Castle Intl Corp. Com New 0.07% +0.07
WFC Wells Fargo & Co. New 0.07% +0.07
MU Micron Technology Inc. New 0.07% +0.07
TXN Texas Instruments Inc. New 0.07% +0.07
SCHI Schwab 5-10 Year Corporate B Add +5.0% 0.91% +0.07
LIN Linde PLC New 0.06% +0.06
AMD Advanced Micro Devices New 0.06% +0.06
QQQM Invesco Nasdaq 100 ETF New 0.06% +0.06
RHHBY Roche Holdings Ltd.-Spons ADR New 0.06% +0.06
C Citigroup Inc. New 0.06% +0.06
NSRGY Nestle SA-Spons ADR New 0.06% +0.06

Notes & Other Activity Q4 2024 → Q1 2025
JPMORGAN CHASE & CO (JPM 6 PERP EE) Common Stock Reduce -0.5% 62,481 $1.6M
BANK OF AMERICA CORP (BAC 6 PERP GG) PFD Reduce -2.6% 60,337 $1.5M
FIRST CITIZENS BANCSHARE (FCNCA 5.625 PERP C) Equity Sold out 39,675 $890Kbefore exit
US BANCORP (USB 4.5 PERP O) Common Stock Reduce -3.1% 34,807 $666K

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