Cascades Capital Asset Management, LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), Cascades Capital Asset Management, LLC reported 142 stock positions worth $191.4 million. Its top holding was Vanguard S&P 500 ETF (VOO) at 10.6% of the portfolio, followed by Vanguard Dividend Apprec ETF (VIG, 9.4%) and Microsoft (MSFT, 6.7%). Compared with Q1 2025, it opened 18 new positions, sold out of 15, added to 50 and reduced 40. The biggest buy was iShares MSCI USA Min Vol Fac (USMV, shares +294%) and the biggest sale Wisdomtree U.S. Quality Divi (DGRW, shares −92%).
- Most Recent 13F
- Q2 2026
- Location
- GREENSBORO, NC
- CIK
- 0002035512
- Portfolio Value
- $191.4M (Q2 2025)
- SEC Filing
- 0001398344-25-015501 ↗ filed Aug 14, 2025
Holdings Value
Holdings 142 stocks · $191.4M
| VOO Vanguard S&P 500 ETF | 10.59% | 35,685 | $20.3M | Reduce -13.4% |
| VIG Vanguard Dividend Apprec ETF | 9.44% | 88,225 | $18.1M | Add +17.9% |
| MSFT Microsoft Corp. | 6.74% | 25,927 | $12.9M | Reduce -5.8% |
| VOOV Vanguard S&P 500 Value ETF | 6.47% | 65,663 | $12.4M | Reduce -16.6% |
| AAPL Apple Inc. | 4.72% | 43,999 | $9.0M | Reduce -5.7% |
| NVDA Nvidia Corp. | 4.39% | 53,119 | $8.4M | Reduce -8.5% |
| USFR Wisdomtree Floating Rate Tre | 3.64% | 138,356 | $7.0M | Add +10.3% |
| VUG Vanguard Mrngstar GR ETF-Sui | 3.25% | 14,198 | $6.2M | Add +0.0% |
| USMV iShares MSCI USA Min Vol Fac | 2.35% | 47,934 | $4.5M | Add +294.5% |
| SPY SS SPDR S&P 500 ETF Trust-US | 2.22% | 6,861 | $4.2M | Add +0.1% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 2.17% | 14,868 | $4.2M | Reduce -6.7% |
| IEI iShares 3-7 Year Treasury Bo | 1.67% | 26,869 | $3.2M | Add +8.2% |
| GOOGL Alphabet Inc. Class A | 1.62% | 17,601 | $3.1M | Reduce -9.8% |
| META Meta Platforms Inc. Class A | 1.46% | 3,795 | $2.8M | Reduce -3.6% |
| VIGI Vanguard Int Div App Indx FD | 1.36% | 28,896 | $2.6M | New |
| UNH Unitedhealth Group Inc. | 1.27% | 7,764 | $2.4M | Reduce -3.0% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.25% | 4,936 | $2.4M | Add +24.0% |
| V Visa Inc. Class A | 1.17% | 6,281 | $2.2M | Add +1.2% |
| FNDX Schwab Fndmntl US LRG Co. ETF | 1.17% | 90,875 | $2.2M | Add +2.0% |
| LLY Eli Lilly & Co. | 1.16% | 2,845 | $2.2M | Add +12.2% |
| FDS Factset Research Systems Inc. | 1.01% | 4,336 | $1.9M | No change |
| POWERSHARES | 1.01% | 3,512 | $1.9M | Reduce -10.3% |
| MCD McDonald's Corp. | 1.00% | 6,529 | $1.9M | Reduce -6.8% |
| JPM JPMorgan Chase & Co. | 0.98% | 6,471 | $1.9M | Add +23.1% |
| PSFF Pacer Swan Sos Fund of Funds | 0.93% | 58,315 | $1.8M | Reduce -27.9% |
| HD Home Depot Inc. | 0.84% | 4,380 | $1.6M | Reduce -5.1% |
| XOM Exxon Mobil Corp. | 0.83% | 14,649 | $1.6M | Reduce -0.9% |
| FBNC First Bancorp | 0.82% | 35,575 | $1.6M | Reduce -3.8% |
| AMZN Amazon.com Inc. | 0.78% | 6,837 | $1.5M | Add +10.5% |
| DUK Duke Energy Corp. | 0.74% | 11,954 | $1.4M | Add +43.5% |
| JEPI JPMorgan Equity Premium Inco | 0.72% | 24,232 | $1.4M | Add +62.7% |
| LRGE Clearbridge Large Cap Growth | 0.64% | 15,393 | $1.2M | Reduce -2.7% |
| RSP Guggenheim S&P 500 Equal Wei | 0.64% | 6,704 | $1.2M | Add +112.3% |
| LMT Lockheed Martin Corp. | 0.62% | 2,555 | $1.2M | Reduce -3.7% |
| ABBV Abbvie Inc. | 0.56% | 5,727 | $1.1M | Add +0.3% |
| IGV iShares Expanded Tech-Softwa | 0.55% | 9,585 | $1.0M | Add +15.5% |
| VGT Vanguard Info Tech ETF | 0.50% | 1,451 | $963K | Add +17.0% |
| FLOT iShares Floating Rate Bond E | 0.50% | 18,786 | $958K | New |
| RTX RTX Corp. | 0.49% | 6,365 | $929K | New |
| VZ Verizon Communications Inc. | 0.46% | 20,400 | $883K | Add +206.4% |
| LOW Lowe's Cos Inc. | 0.45% | 3,884 | $862K | Add +3.7% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.44% | 1,669 | $850K | Reduce -9.4% |
| CAT Caterpillar Inc. | 0.44% | 2,159 | $838K | Reduce -4.3% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.44% | 17,686 | $837K | Add +10.8% |
| DGRO iShares Core Dividend Growth | 0.42% | 12,518 | $800K | Reduce -1.1% |
| GDX Market Vectors Semiconductor | 0.38% | 2,606 | $727K | Reduce -17.6% |
| GLD SPDR Gold Shares | 0.36% | 2,285 | $697K | Add +5.8% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.35% | 5,501 | $679K | Add +0.7% |
| WMT Walmart Inc. | 0.35% | 6,821 | $667K | Add +6.3% |
| VCSH Vanguard S/T Corp. Bond ETF | 0.33% | 7,909 | $629K | Add +92.9% |
| CRM Salesforce Inc. | 0.33% | 2,303 | $628K | No change |
| WM Waste Management Inc. | 0.32% | 2,671 | $611K | Add +0.4% |
| AMGN Amgen Inc. | 0.32% | 2,179 | $608K | Add +3.1% |
| PH Parker Hannifin Corp. | 0.31% | 845 | $590K | No change |
| CSCO Cisco Systems Inc. | 0.28% | 7,821 | $543K | Add +0.1% |
| PANW Palo Alto Networks Inc. | 0.28% | 2,583 | $529K | Reduce -17.8% |
| XLE SS Energy Select Sector | 0.27% | 6,085 | $516K | Reduce -23.2% |
| JNJ Johnson & Johnson | 0.27% | 3,374 | $515K | Add +3.9% |
| FCX Freeport-McMoran Inc. | 0.27% | 11,856 | $514K | No change |
| GE General Electric Company | 0.26% | 1,917 | $493K | Add +0.7% |
| NFLX Netflix Inc. | 0.25% | 364 | $487K | Reduce -15.3% |
| QQQE Dirx Nasdaq-100EQ Wi ETF-Usd | 0.25% | 4,794 | $471K | New |
| TSLA Tesla Inc. | 0.24% | 1,437 | $456K | Add +1.7% |
| DGRW Wisdomtree U.S. Quality Divi | 0.23% | 5,360 | $449K | Reduce -91.9% |
| SYK Stryker Corp. | 0.23% | 1,130 | $447K | No change |
| ORCL Oracle Corp. | 0.23% | 2,042 | $446K | Reduce -8.1% |
| MO Altria Group Inc. | 0.23% | 7,584 | $445K | Add +43.3% |
| PAYX Paychex Inc. | 0.23% | 2,996 | $436K | Add +0.7% |
| MDT Medtronic Inc | 0.23% | 4,991 | $435K | Add +1.8% |
| MKL Markel Group Inc. | 0.22% | 211 | $421K | No change |
| COST Costco Wholesale Corp. | 0.20% | 377 | $373K | Reduce -6.7% |
| AVGO Broadcom Inc. | 0.19% | 1,341 | $370K | Add +46.4% |
| ADBE Adobe Inc. | 0.19% | 935 | $362K | Reduce -2.8% |
| BKNG Booking Holdings Inc. | 0.19% | 62 | $359K | No change |
| GRMN Garmin Ltd. | 0.19% | 1,721 | $359K | No change |
| TSM Taiwan Semiconductor-SP ADR | 0.18% | 1,535 | $348K | Reduce -50.1% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.18% | 1,177 | $347K | No change |
| CB Chubb Corp. | 0.18% | 1,184 | $343K | No change |
| FDX FedEx Corp. | 0.17% | 1,424 | $324K | Reduce -5.6% |
| ROP Roper Technologies Inc. | 0.17% | 569 | $323K | No change |
| CHD Church & Dwight Co. Inc. | 0.17% | 3,318 | $319K | No change |
| PEP Pepsico Inc. | 0.16% | 2,383 | $315K | Reduce -18.4% |
| CMCSA Comcast Corp. Class A | 0.16% | 8,738 | $312K | Reduce -5.1% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.16% | 2,461 | $305K | Add +6.5% |
| NUE Nucor Corp. | 0.16% | 2,329 | $302K | Reduce -5.9% |
| INTC Intel Corp. | 0.15% | 12,407 | $278K | No change |
| PLTR Palantir Technologies Inc. Class A | 0.14% | 1,941 | $265K | Add +27.9% |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 0.14% | 3,200 | $261K | New |
| ABT Abbott Laboratories | 0.14% | 1,906 | $259K | Add +13.4% |
| TFC Truist Financial Corp. | 0.13% | 5,968 | $257K | Add +0.7% |
| PG The Procter & Gamble Co. | 0.13% | 1,588 | $253K | Reduce -18.0% |
| TCHP T Rowe Price Blue Chip Growt | 0.13% | 5,573 | $253K | Reduce -18.6% |
| GOOG Alphabet Inc. Class C | 0.13% | 1,417 | $251K | New |
| GEV GE Vernova Inc. | 0.13% | 474 | $251K | No change |
| MU Micron Technology Inc. | 0.13% | 2,006 | $247K | Add +33.5% |
| UNP Union Pacific Corp. | 0.13% | 1,074 | $247K | Reduce -12.8% |
| URI United Rentals Inc. | 0.13% | 325 | $245K | No change |
| IDHQ Invesco S&P International DE | 0.12% | 7,212 | $238K | Add +15.9% |
| ECL Ecolab Inc. | 0.12% | 843 | $227K | No change |
| MRK Merck & Co. Inc. | 0.12% | 2,848 | $225K | Add +0.2% |
Other holdings (2): bonds, preferreds, convertibles and warrants · $3.1M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| JPMORGAN CHASE & CO (JPM 6 PERP EE) | Common Stock | 70,016 | $1.8M | Add +12.1% |
| BANK OF AMERICA CORP (BAC 6 PERP GG) | PFD | 54,273 | $1.4M | Reduce -10.1% |
Total filed on the 13F, all lines: $194.5M.
Portfolio Sells Q1 2025 → Q2 2025
| DGRW Wisdomtree U.S. Quality Divi | Reduce -91.9% | 0.23% | −2.67 |
| VOOV Vanguard S&P 500 Value ETF | Reduce -16.6% | 6.47% | −1.53 |
| VOO Vanguard S&P 500 ETF | Reduce -13.4% | 10.59% | −1.09 |
| UNH Unitedhealth Group Inc. | Reduce -3.0% | 1.27% | −1.05 |
| AAPL Apple Inc. | Reduce -5.7% | 4.72% | −1.00 |
| SCHI Schwab 5-10 Year Corporate B | Sold out | 0.00% | −0.91 |
| RTN.A Raytheon Co. Class A | Sold out | 0.00% | −0.45 |
| PSFF Pacer Swan Sos Fund of Funds | Reduce -27.9% | 0.93% | −0.34 |
| SCHD Schwab US DVD Equity ETF | Sold out | 0.00% | −0.25 |
| XLF SS Financial Select Sector | Sold out | 0.00% | −0.22 |
| MCD McDonald's Corp. | Reduce -6.8% | 1.00% | −0.21 |
| XLI SS Industrial Select Sector | Sold out | 0.00% | −0.19 |
| AUB Atlantic Union Bankshares Co. | Reduce -60.0% | 0.11% | −0.18 |
| GMAR FT Vest US Equity Moderate B | Sold out | 0.00% | −0.17 |
| PSCX Pacer Swan Sos Conservative | Sold out | 0.00% | −0.16 |
| COWG Pacer US LRG Cap Cows GR LD | Sold out | 0.00% | −0.16 |
| XOM Exxon Mobil Corp. | Reduce -0.9% | 0.83% | −0.15 |
| GS Goldman Sachs Group Inc. | Sold out | 0.00% | −0.14 |
| SLV iShares Silver Trust | Sold out | 0.00% | −0.14 |
| XLE SS Energy Select Sector | Reduce -23.2% | 0.27% | −0.14 |
| SPYD SS SPDR P S&P 500 Hi Div ETF | Sold out | 0.00% | −0.12 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -50.1% | 0.18% | −0.10 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Reduce -6.7% | 2.17% | −0.10 |
| HD Home Depot Inc. | Reduce -5.1% | 0.84% | −0.09 |
| CLS Celestica Inc. | Sold out | 0.00% | −0.09 |
| PROSHARES VIX SHORT-TERM FUT | Sold out | 0.00% | −0.09 |
| CVX Chevron Corp. | Reduce -39.3% | 0.08% | −0.08 |
| PEP Pepsico Inc. | Reduce -18.4% | 0.16% | −0.08 |
| LIN Linde PLC | Sold out | 0.00% | −0.06 |
| MP MP Materials Corp. | Sold out | 0.00% | −0.06 |
| PG The Procter & Gamble Co. | Reduce -18.0% | 0.13% | −0.05 |
| GOOGL Alphabet Inc. Class A | Reduce -9.8% | 1.62% | −0.05 |
| LMT Lockheed Martin Corp. | Reduce -3.7% | 0.62% | −0.04 |
| FDX FedEx Corp. | Reduce -5.6% | 0.17% | −0.03 |
| UNP Union Pacific Corp. | Reduce -12.8% | 0.13% | −0.03 |
| CMCSA Comcast Corp. Class A | Reduce -5.1% | 0.16% | −0.02 |
| PANW Palo Alto Networks Inc. | Reduce -17.8% | 0.28% | −0.02 |
| COST Costco Wholesale Corp. | Reduce -6.7% | 0.20% | −0.02 |
| ADBE Adobe Inc. | Reduce -2.8% | 0.19% | −0.01 |
| DGRO iShares Core Dividend Growth | Reduce -1.1% | 0.42% | −0.01 |
| TCHP T Rowe Price Blue Chip Growt | Reduce -18.6% | 0.13% | −0.01 |
| NKE Nike Inc. Class B | Reduce -14.2% | 0.10% | −0.01 |
| NUE Nucor Corp. | Reduce -5.9% | 0.16% | −0.01 |
| POWERSHARES | Reduce -10.3% | 1.01% | −0.00 |
| FBNC First Bancorp | Reduce -3.8% | 0.82% | +0.00 |
| C Citigroup Inc. | Reduce -10.3% | 0.06% | +0.00 |
| GDX Market Vectors Semiconductor | Reduce -17.6% | 0.38% | +0.01 |
| CAT Caterpillar Inc. | Reduce -4.3% | 0.44% | +0.03 |
| LRGE Clearbridge Large Cap Growth | Reduce -2.7% | 0.64% | +0.03 |
| NFLX Netflix Inc. | Reduce -15.3% | 0.25% | +0.03 |
Portfolio Buys Q1 2025 → Q2 2025
| USMV iShares MSCI USA Min Vol Fac | Add +294.5% | 2.35% | +1.72 |
| VIG Vanguard Dividend Apprec ETF | Add +17.9% | 9.44% | +1.42 |
| VIGI Vanguard Int Div App Indx FD | New | 1.36% | +1.36 |
| FLOT iShares Floating Rate Bond E | New | 0.50% | +0.50 |
| RTX RTX Corp. | New | 0.49% | +0.49 |
| VUG Vanguard Mrngstar GR ETF-Sui | Add +0.0% | 3.25% | +0.35 |
| RSP Guggenheim S&P 500 Equal Wei | Add +112.3% | 0.64% | +0.33 |
| VZ Verizon Communications Inc. | Add +206.4% | 0.46% | +0.29 |
| JPM JPMorgan Chase & Co. | Add +23.1% | 0.98% | +0.27 |
| JEPI JPMorgan Equity Premium Inco | Add +62.7% | 0.72% | +0.25 |
| QQQE Dirx Nasdaq-100EQ Wi ETF-Usd | New | 0.25% | +0.25 |
| DUK Duke Energy Corp. | Add +43.5% | 0.74% | +0.18 |
| USFR Wisdomtree Floating Rate Tre | Add +10.3% | 3.64% | +0.15 |
| VCSH Vanguard S/T Corp. Bond ETF | Add +92.9% | 0.33% | +0.15 |
| IGV iShares Expanded Tech-Softwa | Add +15.5% | 0.55% | +0.14 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | New | 0.14% | +0.14 |
| AMZN Amazon.com Inc. | Add +10.5% | 0.78% | +0.13 |
| VGT Vanguard Info Tech ETF | Add +17.0% | 0.50% | +0.13 |
| GOOG Alphabet Inc. Class C | New | 0.13% | +0.13 |
| AVGO Broadcom Inc. | Add +46.4% | 0.19% | +0.11 |
| AMAT Applied Materials Inc. | New | 0.11% | +0.11 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +0.1% | 2.22% | +0.10 |
| AEHR Aehr Test Systems | New | 0.10% | +0.10 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +24.0% | 1.25% | +0.08 |
| Bitcoin Investment Ord | New | 0.07% | +0.07 |
| BAC Bank of America Corp. | Add +10.8% | 0.44% | +0.07 |
| MIST Milestone Pharmaceuticals Inc. | New | 0.07% | +0.07 |
| PLTR Palantir Technologies Inc. Class A | Add +27.9% | 0.14% | +0.07 |
| HZO Marinemax Inc. | New | 0.06% | +0.06 |
| CCL Carnival Corp. | New | 0.06% | +0.06 |
| MO Altria Group Inc. | Add +43.3% | 0.23% | +0.06 |
| MU Micron Technology Inc. | Add +33.5% | 0.13% | +0.06 |
| HBAN Huntington Bancshares Inc. | New | 0.05% | +0.05 |
| IEI iShares 3-7 Year Treasury Bo | Add +8.2% | 1.67% | +0.05 |
| VXUS Vanguard Total Intl Stock | New | 0.05% | +0.05 |
| BLK BlackRock Finance Inc. | New | 0.05% | +0.05 |
| ASML ASML Holding NV-NY Reg SHS | New | 0.05% | +0.05 |
| SHOP Shopify Inc. Class A | New | 0.05% | +0.05 |
| NSC Norfolk Southern Corp. | New | 0.05% | +0.05 |
| GE General Electric Company | Add +0.7% | 0.26% | +0.05 |
| WFC Wells Fargo & Co. | Add +53.0% | 0.12% | +0.04 |
| WMT Walmart Inc. | Add +6.3% | 0.35% | +0.04 |
| TSLA Tesla Inc. | Add +1.7% | 0.24% | +0.04 |
| DIS The Walt Disney Co. | Add +6.5% | 0.16% | +0.03 |
| KO The Coca-Cola Co. | Add +45.8% | 0.10% | +0.03 |
| LRCX Lam Research Corp. | Add +0.4% | 0.11% | +0.02 |
| IDHQ Invesco S&P International DE | Add +15.9% | 0.12% | +0.02 |
| GLD SPDR Gold Shares | Add +5.8% | 0.36% | +0.02 |
| BA The Boeing Co. | Add +4.6% | 0.11% | +0.02 |
| CSCO Cisco Systems Inc. | Add +0.1% | 0.28% | +0.02 |
Notes & Other Activity Q1 2025 → Q2 2025
| JPMORGAN CHASE & CO (JPM 6 PERP EE) | Common Stock | Add +12.1% | 70,016 | $1.8M |
| BANK OF AMERICA CORP (BAC 6 PERP GG) | PFD | Reduce -10.1% | 54,273 | $1.4M |
| US BANCORP (USB 4.5 PERP O) | Common Stock | Sold out | 34,807 | $666Kbefore exit |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 165 | $268.3M | VIG, VOO, VOOV, VTV, AAPL |
| Q1 2026 | 156 | $235.8M | VIG, VOO, VOOV, AAPL, MSFT |
| Q4 2025 | 160 | $234.7M | VIG, VOO, VOOV, MSFT, AAPL |
| Q3 2025 | 151 | $223.7M | VOO, VIG, MSFT, VOOV, AAPL |
| Q2 2025 | 142 | $191.4M | VOO, VIG, MSFT, VOOV, AAPL |
| Q1 2025 | 139 | $181.2M | VOO, VIG, VOOV, AAPL, MSFT |
| Q4 2024 | 102 | $182.8M | VOO, VOOV, VIG, MSFT, AAPL |
| Q3 2024 | 97 | $176.6M | VOO, VOOV, VIG, MSFT, AAPL |