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

0$100.0M$200.0M$300.0M Q3 2024: $176.6M Q3 2024 Q4 2024: $182.8M Q4 2024 Q1 2025: $181.2M Q1 2025 Q2 2025: $191.4M $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 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%
WFC Wells Fargo & Co. 0.12% 2,793 $224K Add +53.0%
TSCO Tractor Supply Company 0.11% 4,125 $218K Add +0.4%
ITW Illinois Tool Works 0.11% 872 $216K No change
FISV Fiserv Inc. 0.11% 1,250 $216K No change
CNI Canadian Natl Railway Co. 0.11% 2,043 $213K No change
GLW Corning Inc. 0.11% 4,012 $211K No change
AUB Atlantic Union Bankshares Co. 0.11% 6,715 $210K Reduce -60.0%
BA The Boeing Co. 0.11% 992 $208K Add +4.6%
LRCX Lam Research Corp. 0.11% 2,094 $204K Add +0.4%
AMAT Applied Materials Inc. 0.11% 1,109 $203K New
BADGER DAYLIGHTING LTD 0.11% 5,792 $202K No change
KO The Coca-Cola Co. 0.10% 2,826 $200K Add +45.8%
NKE Nike Inc. Class B 0.10% 2,674 $190K Reduce -14.2%
NEM Newmont Corp. 0.10% 3,194 $186K No change
AEHR Aehr Test Systems 0.10% 14,100 $182K New
D Dominion Energy Inc. 0.10% 3,215 $182K No change
NVS Novartis AG-Sponsored ADR 0.09% 1,493 $181K No change
ACN Accenture PLC Class A 0.09% 604 $181K No change
VTV Vanguard Mrngstr Val ETF-Aui 0.08% 916 $162K Add +5.8%
AMD Advanced Micro Devices 0.08% 1,115 $158K No change
CVX Chevron Corp. 0.08% 1,090 $156K Reduce -39.3%
PM Philip Morris International 0.08% 841 $153K Add +0.8%
CMI Cummins Inc. 0.08% 462 $151K No change
EOG EOG Resources Inc. 0.08% 1,245 $149K No change
TXN Texas Instruments Inc. 0.08% 704 $146K No change
CNC Centene Corp. 0.08% 2,658 $144K No change
Bitcoin Investment Ord 0.07% 1,682 $143K New
QQQM Invesco Nasdaq 100 ETF 0.07% 605 $138K Add +1.9%
MIST Milestone Pharmaceuticals Inc. 0.07% 67,135 $130K New
CCI Crown Castle Intl Corp. Com 0.07% 1,264 $130K No change
SCHG Schwab US Large-Cap Growth 0.06% 4,114 $120K No change
HZO Marinemax Inc. 0.06% 4,525 $114K New
C Citigroup Inc. 0.06% 1,305 $111K Reduce -10.3%
CCL Carnival Corp. 0.06% 3,905 $110K New
RHHBY Roche Holdings Ltd.-Spons ADR 0.06% 2,625 $107K No change
HBAN Huntington Bancshares Inc. 0.05% 6,158 $103K New
VXUS Vanguard Total Intl Stock 0.05% 1,479 $102K New
BLK BlackRock Finance Inc. 0.05% 97 $102K New
ASML ASML Holding NV-NY Reg SHS 0.05% 127 $102K New
SHOP Shopify Inc. Class A 0.05% 879 $101K New
NSRGY Nestle SA-Spons ADR 0.05% 1,019 $101K No change
NSC Norfolk Southern Corp. 0.05% 394 $101K New
Other holdings (2): bonds, preferreds, convertibles and warrants · $3.1M (not counted above)
SecurityClassShares / PrincipalValueChange
JPMORGAN CHASE & CO (JPM 6 PERP EE) Common Stock 70,016$1.8MAdd +12.1%
BANK OF AMERICA CORP (BAC 6 PERP GG) PFD 54,273$1.4MReduce -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

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