Cascades Capital Asset Management, LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), Cascades Capital Asset Management, LLC reported 151 stock positions worth $223.7 million. Its top holding was Vanguard S&P 500 ETF (VOO) at 10.2% of the portfolio, followed by Vanguard Dividend Apprec ETF (VIG, 9.7%) and Microsoft (MSFT, 6.2%). Compared with Q2 2025, it opened 20 new positions, sold out of 11, added to 66 and reduced 44. The biggest buy was Vanguard Mrngstr Val ETF-Aui (VTV, shares +1960%) and the biggest sale iShares MSCI USA Min Vol Fac (USMV, shares −18%).
- Most Recent 13F
- Q2 2026
- Location
- GREENSBORO, NC
- CIK
- 0002035512
- Portfolio Value
- $223.7M (Q3 2025)
- SEC Filing
- 0001398344-25-020975 ↗ filed Nov 14, 2025
Holdings Value
Holdings 151 stocks · $223.7M
| VOO Vanguard S&P 500 ETF | 10.16% | 37,108 | $22.7M | Add +4.0% |
| VIG Vanguard Dividend Apprec ETF | 9.65% | 100,047 | $21.6M | Add +13.4% |
| MSFT Microsoft Corp. | 6.19% | 26,730 | $13.8M | Add +3.1% |
| VOOV Vanguard S&P 500 Value ETF | 5.92% | 66,374 | $13.2M | Add +1.1% |
| AAPL Apple Inc. | 5.02% | 44,082 | $11.2M | Add +0.2% |
| NVDA Nvidia Corp. | 4.65% | 55,768 | $10.4M | Add +5.0% |
| VUG Vanguard Mrngstar GR ETF-Sui | 3.04% | 14,168 | $6.8M | Reduce -0.2% |
| USFR Wisdomtree Floating Rate Tre | 2.98% | 132,510 | $6.7M | Reduce -4.2% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 2.36% | 17,964 | $5.3M | Add +20.8% |
| GOOGL Alphabet Inc. Class A | 2.26% | 20,827 | $5.1M | Add +18.3% |
| SPY SS SPDR S&P 500 ETF Trust-US | 2.00% | 6,725 | $4.5M | Reduce -2.0% |
| VIGI Vanguard Int Div App Indx FD | 1.70% | 42,544 | $3.8M | Add +47.2% |
| USMV iShares MSCI USA Min Vol Fac | 1.66% | 39,098 | $3.7M | Reduce -18.4% |
| IEI iShares 3-7 Year Treasury Bo | 1.65% | 30,917 | $3.7M | Add +15.1% |
| VTV Vanguard Mrngstr Val ETF-Aui | 1.57% | 18,870 | $3.5M | Add +1960.0% |
| META Meta Platforms Inc. Class A | 1.25% | 3,806 | $2.8M | Add +0.3% |
| POWERSHARES | 1.20% | 4,483 | $2.7M | Add +27.6% |
| UNH Unitedhealth Group Inc. | 1.20% | 7,746 | $2.7M | Reduce -0.2% |
| FNDX Schwab Fndmntl US LRG Co. ETF | 1.15% | 97,559 | $2.6M | Add +7.4% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.11% | 4,925 | $2.5M | Reduce -0.2% |
| LLY Eli Lilly & Co. | 0.99% | 2,904 | $2.2M | Add +2.1% |
| V Visa Inc. Class A | 0.96% | 6,300 | $2.2M | Add +0.3% |
| JPM JPMorgan Chase & Co. | 0.91% | 6,477 | $2.0M | Add +0.1% |
| RSP Guggenheim S&P 500 Equal Wei | 0.91% | 10,691 | $2.0M | Add +59.5% |
| MCD McDonald's Corp. | 0.89% | 6,527 | $2.0M | Reduce -0.0% |
| HD Home Depot Inc. | 0.84% | 4,649 | $1.9M | Add +6.1% |
| FBNC First Bancorp | 0.83% | 35,077 | $1.9M | Reduce -1.4% |
| XOM Exxon Mobil Corp. | 0.79% | 15,650 | $1.8M | Add +6.8% |
| PSFF Pacer Swan Sos Fund of Funds | 0.74% | 52,617 | $1.7M | Reduce -9.8% |
| DUK Duke Energy Corp. | 0.70% | 12,690 | $1.6M | Add +6.2% |
| AMZN Amazon.com Inc. | 0.70% | 7,126 | $1.6M | Add +4.2% |
| ABBV Abbvie Inc. | 0.59% | 5,744 | $1.3M | Add +0.3% |
| LMT Lockheed Martin Corp. | 0.58% | 2,614 | $1.3M | Add +2.3% |
| LRGE Clearbridge Large Cap Growth | 0.57% | 15,393 | $1.3M | No change |
| JEPI JPMorgan Equity Premium Inco | 0.56% | 22,068 | $1.3M | Reduce -8.9% |
| FLOT iShares Floating Rate Bond E | 0.56% | 24,586 | $1.3M | Add +30.9% |
| FDS Factset Research Systems Inc. | 0.56% | 4,337 | $1.2M | Add +0.0% |
| VGT Vanguard Info Tech ETF | 0.53% | 1,602 | $1.2M | Add +10.4% |
| SCHI Schwab 5-10 Year Corporate B | 0.50% | 48,050 | $1.1M | New |
| RTN.A Raytheon Co. Class A | 0.47% | 6,272 | $1.0M | New |
| CAT Caterpillar Inc. | 0.46% | 2,139 | $1.0M | Reduce -0.9% |
| VZ Verizon Communications Inc. | 0.44% | 22,368 | $983K | Add +9.7% |
| IEF iShares 7-10 Year Treasury B | 0.44% | 10,133 | $977K | New |
| LOW Lowe's Cos Inc. | 0.43% | 3,824 | $961K | Reduce -1.5% |
| IGV iShares Expanded Tech-Softwa | 0.42% | 8,085 | $930K | Reduce -15.7% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.41% | 17,918 | $924K | Add +1.3% |
| DGRO iShares Core Dividend Growth | 0.41% | 13,569 | $924K | Add +8.4% |
| GDX Market Vectors Semiconductor | 0.41% | 2,804 | $915K | Add +7.6% |
| QQQE Dirx Nasdaq-100EQ Wi ETF-Usd | 0.40% | 8,720 | $886K | Add +81.9% |
| VCSH Vanguard S/T Corp. Bond ETF | 0.40% | 11,068 | $885K | Add +39.9% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.38% | 1,744 | $855K | Add +4.5% |
| GLD SPDR Gold Shares | 0.36% | 2,290 | $814K | Add +0.2% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.35% | 5,357 | $774K | Reduce -2.6% |
| PPI Astoria Real Assets ETF | 0.34% | 41,400 | $759K | New |
| XLI SS Industrial Select Sector | 0.34% | 4,865 | $750K | New |
| OAKM Oakmark US Large Cap ETF | 0.33% | 27,660 | $741K | New |
| WMT Walmart Inc. | 0.32% | 6,983 | $720K | Add +2.4% |
| TSLA Tesla Inc. | 0.29% | 1,472 | $655K | Add +2.4% |
| ORCL Oracle Corp. | 0.29% | 2,318 | $652K | Add +13.5% |
| AVGO Broadcom Inc. | 0.28% | 1,913 | $631K | Add +42.6% |
| JNJ Johnson & Johnson | 0.28% | 3,368 | $625K | Reduce -0.2% |
| PH Parker Hannifin Corp. | 0.28% | 818 | $620K | Reduce -3.2% |
| AMGN Amgen Inc. | 0.27% | 2,138 | $603K | Reduce -1.9% |
| WM Waste Management Inc. | 0.26% | 2,674 | $591K | Add +0.1% |
| MO Altria Group Inc. | 0.26% | 8,866 | $586K | Add +16.9% |
| GE General Electric Company | 0.26% | 1,917 | $577K | No change |
| PANW Palo Alto Networks Inc. | 0.26% | 2,805 | $571K | Add +8.6% |
| CSCO Cisco Systems Inc. | 0.24% | 7,945 | $544K | Add +1.6% |
| TSM Taiwan Semiconductor-SP ADR | 0.22% | 1,795 | $501K | Add +16.9% |
| FCX Freeport-McMoran Inc. | 0.22% | 12,696 | $498K | Add +7.1% |
| MDT Medtronic Inc | 0.21% | 4,991 | $475K | No change |
| MU Micron Technology Inc. | 0.21% | 2,743 | $459K | Add +36.7% |
| NFLX Netflix Inc. | 0.19% | 361 | $433K | Reduce -0.8% |
| COST Costco Wholesale Corp. | 0.19% | 464 | $429K | Add +23.1% |
| WFC Wells Fargo & Co. | 0.19% | 5,093 | $427K | Add +82.3% |
| GRMN Garmin Ltd. | 0.19% | 1,721 | $424K | No change |
| SYK Stryker Corp. | 0.19% | 1,130 | $418K | No change |
| PLTR Palantir Technologies Inc. Class A | 0.18% | 2,229 | $407K | Add +14.8% |
| DGRW Wisdomtree U.S. Quality Divi | 0.18% | 4,560 | $406K | Reduce -14.9% |
| INTC Intel Corp. | 0.18% | 12,090 | $406K | Reduce -2.6% |
| MKL Markel Group Inc. | 0.18% | 211 | $403K | No change |
| CRM Salesforce Inc. | 0.18% | 1,668 | $395K | Reduce -27.6% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.17% | 1,385 | $391K | Add +17.7% |
| PAYX Paychex Inc. | 0.17% | 3,019 | $383K | Add +0.8% |
| IBIT iShares Bitcoin Trust ETF | 0.17% | 5,855 | $381K | New |
| MRVL Marvell Technology Group Ltd. | 0.17% | 4,527 | $381K | New |
| NUE Nucor Corp. | 0.16% | 2,580 | $349K | Add +10.8% |
| BKNG Booking Holdings Inc. | 0.15% | 62 | $335K | No change |
| GLW Corning Inc. | 0.15% | 4,012 | $329K | No change |
| PEP Pepsico Inc. | 0.15% | 2,336 | $328K | Reduce -2.0% |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 0.15% | 3,725 | $325K | Add +16.4% |
| CB Chubb Corp. | 0.14% | 1,123 | $317K | Reduce -5.2% |
| FDX FedEx Corp. | 0.14% | 1,325 | $312K | Reduce -7.0% |
| ADBE Adobe Inc. | 0.14% | 882 | $311K | Reduce -5.7% |
| URI United Rentals Inc. | 0.14% | 325 | $310K | No change |
| TCHP T Rowe Price Blue Chip Growt | 0.13% | 5,986 | $293K | Add +7.4% |
| GEV GE Vernova Inc. | 0.13% | 474 | $291K | No change |
| CHD Church & Dwight Co. Inc. | 0.13% | 3,230 | $283K | Reduce -2.6% |
| LRCX Lam Research Corp. | 0.13% | 2,098 | $281K | Add +0.2% |
| CMCSA Comcast Corp. Class A | 0.12% | 8,738 | $275K | No change |
Other holdings (3): bonds, preferreds, convertibles and warrants · $3.6M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| JPMORGAN CHASE & CO (JPM 6 PERP EE) | Common Stock | 73,221 | $1.9M | Add +4.6% |
| BANK OF AMERICA CORP (BAC 6 PERP GG) | PFD | 56,798 | $1.4M | Add +4.7% |
| DUKE ENERGY CORP (DUK 5.75 PERP A) | Common Stock | 11,075 | $277K | New |
Total filed on the 13F, all lines: $227.2M.
Portfolio Sells Q2 2025 → Q3 2025
| USMV iShares MSCI USA Min Vol Fac | Reduce -18.4% | 1.66% | −0.69 |
| USFR Wisdomtree Floating Rate Tre | Reduce -4.2% | 2.98% | −0.66 |
| RTX RTX Corp. | Sold out | 0.00% | −0.49 |
| XLE SS Energy Select Sector | Sold out | 0.00% | −0.27 |
| VUG Vanguard Mrngstar GR ETF-Sui | Reduce -0.2% | 3.04% | −0.21 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -2.0% | 2.00% | −0.21 |
| PSFF Pacer Swan Sos Fund of Funds | Reduce -9.8% | 0.74% | −0.19 |
| JEPI JPMorgan Equity Premium Inco | Reduce -8.9% | 0.56% | −0.16 |
| CRM Salesforce Inc. | Reduce -27.6% | 0.18% | −0.15 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -0.2% | 1.11% | −0.15 |
| IGV iShares Expanded Tech-Softwa | Reduce -15.7% | 0.42% | −0.13 |
| GOOG Alphabet Inc. Class C | Sold out | 0.00% | −0.13 |
| IDHQ Invesco S&P International DE | Sold out | 0.00% | −0.12 |
| MCD McDonald's Corp. | Reduce -0.0% | 0.89% | −0.11 |
| AEHR Aehr Test Systems | Sold out | 0.00% | −0.10 |
| AMD Advanced Micro Devices | Sold out | 0.00% | −0.08 |
| CNC Centene Corp. | Sold out | 0.00% | −0.08 |
| UNH Unitedhealth Group Inc. | Reduce -0.2% | 1.20% | −0.07 |
| NFLX Netflix Inc. | Reduce -0.8% | 0.19% | −0.06 |
| HZO Marinemax Inc. | Sold out | 0.00% | −0.06 |
| CCL Carnival Corp. | Sold out | 0.00% | −0.06 |
| DGRW Wisdomtree U.S. Quality Divi | Reduce -14.9% | 0.18% | −0.05 |
| ASML ASML Holding NV-NY Reg SHS | Sold out | 0.00% | −0.05 |
| NSRGY Nestle SA-Spons ADR | Sold out | 0.00% | −0.05 |
| ROP Roper Technologies Inc. | Reduce -6.8% | 0.12% | −0.05 |
| ADBE Adobe Inc. | Reduce -5.7% | 0.14% | −0.05 |
| AMGN Amgen Inc. | Reduce -1.9% | 0.27% | −0.05 |
| DIS The Walt Disney Co. | Reduce -11.3% | 0.11% | −0.05 |
| CHD Church & Dwight Co. Inc. | Reduce -2.6% | 0.13% | −0.04 |
| PG The Procter & Gamble Co. | Reduce -13.3% | 0.09% | −0.04 |
| CB Chubb Corp. | Reduce -5.2% | 0.14% | −0.04 |
| ACN Accenture PLC Class A | Reduce -6.0% | 0.06% | −0.03 |
| CNI Canadian Natl Railway Co. | Reduce -7.3% | 0.08% | −0.03 |
| PH Parker Hannifin Corp. | Reduce -3.2% | 0.28% | −0.03 |
| FDX FedEx Corp. | Reduce -7.0% | 0.14% | −0.03 |
| TXN Texas Instruments Inc. | Reduce -9.2% | 0.05% | −0.02 |
| ECL Ecolab Inc. | Reduce -7.8% | 0.10% | −0.02 |
| ABT Abbott Laboratories | Reduce -1.0% | 0.11% | −0.02 |
| PM Philip Morris International | Reduce -3.7% | 0.06% | −0.02 |
| LOW Lowe's Cos Inc. | Reduce -1.5% | 0.43% | −0.02 |
| AUB Atlantic Union Bankshares Co. | Reduce -14.9% | 0.09% | −0.02 |
| NKE Nike Inc. Class B | Reduce -3.0% | 0.08% | −0.02 |
| EOG EOG Resources Inc. | Reduce -3.8% | 0.06% | −0.02 |
| PEP Pepsico Inc. | Reduce -2.0% | 0.15% | −0.02 |
| CCI Crown Castle Intl Corp. Com | Reduce -7.0% | 0.05% | −0.02 |
| CVX Chevron Corp. | Reduce -11.2% | 0.07% | −0.01 |
| TFC Truist Financial Corp. | Reduce -1.1% | 0.12% | −0.01 |
| NVS Novartis AG-Sponsored ADR | Reduce -4.5% | 0.08% | −0.01 |
| RHHBY Roche Holdings Ltd.-Spons ADR | Reduce -8.8% | 0.04% | −0.01 |
| TJX TJX Companies Inc. | Reduce -2.6% | 0.35% | −0.01 |
Portfolio Buys Q2 2025 → Q3 2025
| VTV Vanguard Mrngstr Val ETF-Aui | Add +1960.0% | 1.57% | +1.49 |
| GOOGL Alphabet Inc. Class A | Add +18.3% | 2.26% | +0.64 |
| SCHI Schwab 5-10 Year Corporate B | New | 0.50% | +0.50 |
| RTN.A Raytheon Co. Class A | New | 0.47% | +0.47 |
| IEF iShares 7-10 Year Treasury B | New | 0.44% | +0.44 |
| VIGI Vanguard Int Div App Indx FD | Add +47.2% | 1.70% | +0.34 |
| PPI Astoria Real Assets ETF | New | 0.34% | +0.34 |
| XLI SS Industrial Select Sector | New | 0.34% | +0.34 |
| OAKM Oakmark US Large Cap ETF | New | 0.33% | +0.33 |
| AAPL Apple Inc. | Add +0.2% | 5.02% | +0.30 |
| RSP Guggenheim S&P 500 Equal Wei | Add +59.5% | 0.91% | +0.27 |
| NVDA Nvidia Corp. | Add +5.0% | 4.65% | +0.27 |
| VIG Vanguard Dividend Apprec ETF | Add +13.4% | 9.65% | +0.22 |
| POWERSHARES | Add +27.6% | 1.20% | +0.19 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Add +20.8% | 2.36% | +0.19 |
| IBIT iShares Bitcoin Trust ETF | New | 0.17% | +0.17 |
| MRVL Marvell Technology Group Ltd. | New | 0.17% | +0.17 |
| QQQE Dirx Nasdaq-100EQ Wi ETF-Usd | Add +81.9% | 0.40% | +0.15 |
| Invesco S&P Int. Developed Quality | New | 0.12% | +0.12 |
| BX Blackstone Inc. | New | 0.12% | +0.12 |
| BINC iShares Flex I A ETF-Usd Inc. | New | 0.10% | +0.10 |
| NOW ServiceNow Inc. | New | 0.10% | +0.10 |
| CEG Constellation Energy | New | 0.09% | +0.09 |
| AVGO Broadcom Inc. | Add +42.6% | 0.28% | +0.09 |
| MU Micron Technology Inc. | Add +36.7% | 0.21% | +0.08 |
| WFC Wells Fargo & Co. | Add +82.3% | 0.19% | +0.07 |
| VCSH Vanguard S/T Corp. Bond ETF | Add +39.9% | 0.40% | +0.07 |
| FLOT iShares Floating Rate Bond E | Add +30.9% | 0.56% | +0.06 |
| RGTI Rigetti Computing Inc. | New | 0.06% | +0.06 |
| ORCL Oracle Corp. | Add +13.5% | 0.29% | +0.06 |
| QBTS D-Wave Quantum Inc. | New | 0.06% | +0.06 |
| CLF Cleveland-Cliffs Inc. | New | 0.05% | +0.05 |
| TSLA Tesla Inc. | Add +2.4% | 0.29% | +0.05 |
| VYM Vanguard High DVD Yield ETF | New | 0.05% | +0.05 |
| GS Goldman Sachs Group Inc. | New | 0.05% | +0.05 |
| QCOM Qualcomm Inc. | New | 0.05% | +0.05 |
| SCHE Schwab Emrg Mrkts Eqty ETF | New | 0.04% | +0.04 |
| PLTR Palantir Technologies Inc. Class A | Add +14.8% | 0.18% | +0.04 |
| TSM Taiwan Semiconductor-SP ADR | Add +16.9% | 0.22% | +0.04 |
| ABBV Abbvie Inc. | Add +0.3% | 0.59% | +0.04 |
| VGT Vanguard Info Tech ETF | Add +10.4% | 0.53% | +0.03 |
| MO Altria Group Inc. | Add +16.9% | 0.26% | +0.03 |
| GDX Market Vectors Semiconductor | Add +7.6% | 0.41% | +0.03 |
| LRCX Lam Research Corp. | Add +0.2% | 0.13% | +0.02 |
| Bitcoin Investment Ord | Add +30.6% | 0.09% | +0.01 |
| C Citigroup Inc. | Add +15.3% | 0.07% | +0.01 |
| AMAT Applied Materials Inc. | Add +14.5% | 0.12% | +0.01 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Add +16.4% | 0.15% | +0.01 |
| HD Home Depot Inc. | Add +6.1% | 0.84% | +0.00 |
| MIST Milestone Pharmaceuticals Inc. | Add +15.2% | 0.07% | +0.00 |
Notes & Other Activity Q2 2025 → Q3 2025
| JPMORGAN CHASE & CO (JPM 6 PERP EE) | Common Stock | Add +4.6% | 73,221 | $1.9M |
| BANK OF AMERICA CORP (BAC 6 PERP GG) | PFD | Add +4.7% | 56,798 | $1.4M |
| DUKE ENERGY CORP (DUK 5.75 PERP A) | Common Stock | New | 11,075 | $277K |
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 |