Cascades Capital Asset Management, LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 4, 2026), Cascades Capital Asset Management, LLC reported 160 stock positions worth $234.7 million. Its top holding was Vanguard Dividend Apprec ETF (VIG) at 10.5% of the portfolio, followed by Vanguard S&P 500 ETF (VOO, 9.9%) and Vanguard S&P 500 Value ETF (VOOV, 5.7%). Compared with Q3 2025, it opened 17 new positions, sold out of 8, added to 55 and reduced 56. The biggest buy was Vanguard Mrngstr Val ETF-Aui (VTV, shares +81%) and the biggest sale iShares MSCI USA Min Vol Fac (USMV, shares −91%).
- Most Recent 13F
- Q2 2026
- Location
- GREENSBORO, NC
- CIK
- 0002035512
- Portfolio Value
- $234.7M (Q4 2025)
- SEC Filing
- 0001398344-26-002198 ↗ filed Feb 4, 2026
Holdings Value
Holdings 160 stocks · $234.7M
| VIG Vanguard Dividend Apprec ETF | 10.45% | 111,622 | $24.5M | Add +11.6% |
| VOO Vanguard S&P 500 ETF | 9.91% | 37,102 | $23.3M | Reduce -0.0% |
| VOOV Vanguard S&P 500 Value ETF | 5.74% | 65,783 | $13.5M | Reduce -0.9% |
| MSFT Microsoft Corp. | 5.58% | 27,063 | $13.1M | Add +1.3% |
| AAPL Apple Inc. | 5.04% | 43,533 | $11.8M | Reduce -1.3% |
| NVDA Nvidia Corp. | 4.39% | 55,195 | $10.3M | Reduce -1.0% |
| VUG Vanguard Mrngstar GR ETF-Sui | 3.25% | 15,629 | $7.6M | Add +10.3% |
| VTV Vanguard Mrngstr Val ETF-Aui | 2.78% | 34,202 | $6.5M | Add +81.3% |
| GOOGL Alphabet Inc. Class A | 2.58% | 19,314 | $6.0M | Reduce -7.3% |
| USFR Wisdomtree Floating Rate Tre | 2.54% | 118,582 | $6.0M | Reduce -10.5% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 2.46% | 19,904 | $5.8M | Add +10.8% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.96% | 6,729 | $4.6M | Add +0.1% |
| IEI iShares 3-7 Year Treasury Bo | 1.76% | 34,588 | $4.1M | Add +11.9% |
| VIGI Vanguard Int Div App Indx FD | 1.47% | 37,616 | $3.4M | Reduce -11.6% |
| LLY Eli Lilly & Co. | 1.28% | 2,799 | $3.0M | Reduce -3.6% |
| META Meta Platforms Inc. Class A | 1.22% | 4,349 | $2.9M | Add +14.3% |
| FNDX Schwab Fndmntl US LRG Co. ETF | 1.19% | 102,794 | $2.8M | Add +5.4% |
| POWERSHARES | 1.19% | 4,531 | $2.8M | Add +1.1% |
| UNH Unitedhealth Group Inc. | 1.09% | 7,747 | $2.6M | Add +0.0% |
| SCHI Schwab 5-10 Year Corporate B | 1.00% | 102,106 | $2.3M | Add +112.5% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.97% | 4,521 | $2.3M | Reduce -8.2% |
| JPM JPMorgan Chase & Co. | 0.95% | 6,924 | $2.2M | Add +6.9% |
| V Visa Inc. Class A | 0.93% | 6,222 | $2.2M | Reduce -1.2% |
| MCD McDonald's Corp. | 0.82% | 6,274 | $1.9M | Reduce -3.9% |
| FBNC First Bancorp | 0.75% | 34,828 | $1.8M | Reduce -0.7% |
| FLOT iShares Floating Rate Bond E | 0.72% | 33,161 | $1.7M | Add +34.9% |
| VGT Vanguard Info Tech ETF | 0.68% | 2,117 | $1.6M | Add +32.1% |
| XOM Exxon Mobil Corp. | 0.68% | 13,214 | $1.6M | Reduce -15.6% |
| PSFF Pacer Swan Sos Fund of Funds | 0.67% | 48,840 | $1.6M | Reduce -7.2% |
| AMZN Amazon.com Inc. | 0.66% | 6,760 | $1.6M | Reduce -5.1% |
| GLD SPDR Gold Shares | 0.63% | 3,749 | $1.5M | Add +63.7% |
| IEF iShares 7-10 Year Treasury B | 0.61% | 14,786 | $1.4M | Add +45.9% |
| DUK Duke Energy Corp. | 0.57% | 11,347 | $1.3M | Reduce -10.6% |
| HD Home Depot Inc. | 0.56% | 3,836 | $1.3M | Reduce -17.5% |
| ABBV Abbvie Inc. | 0.56% | 5,760 | $1.3M | Add +0.3% |
| OAKM Oakmark US Large Cap ETF | 0.54% | 44,325 | $1.3M | Add +60.3% |
| LMT Lockheed Martin Corp. | 0.52% | 2,510 | $1.2M | Reduce -4.0% |
| CAT Caterpillar Inc. | 0.51% | 2,088 | $1.2M | Reduce -2.4% |
| LRGE Clearbridge Large Cap Growth | 0.50% | 14,387 | $1.2M | Reduce -6.5% |
| FDS Factset Research Systems Inc. | 0.50% | 4,041 | $1.2M | Reduce -6.8% |
| RSP Guggenheim S&P 500 Equal Wei | 0.49% | 6,022 | $1.2M | Reduce -43.7% |
| RTN.A Raytheon Co. Class A filed as RTX CORPORATION | 0.49% | 6,282 | $1.2M | Add +0.2% |
| PPI Astoria Real Assets ETF | 0.49% | 61,723 | $1.1M | Add +49.1% |
| JEPI JPMorgan Equity Premium Inco | 0.46% | 18,772 | $1.1M | Reduce -14.9% |
| DGRO iShares Core Dividend Growth | 0.44% | 14,985 | $1.0M | Add +10.4% |
| GDX Market Vectors Semiconductor | 0.43% | 2,793 | $1.0M | Reduce -0.4% |
| XLI SS Industrial Select Sector | 0.42% | 6,420 | $996K | Add +32.0% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.40% | 17,238 | $948K | Reduce -3.8% |
| LOW Lowe's Cos Inc. | 0.39% | 3,773 | $910K | Reduce -1.3% |
| MU Micron Technology Inc. | 0.38% | 3,085 | $880K | Add +12.5% |
| TSM Taiwan Semiconductor-SP ADR | 0.36% | 2,797 | $850K | Add +55.8% |
| VCSH Vanguard S/T Corp. Bond ETF | 0.36% | 10,468 | $835K | Reduce -5.4% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.35% | 5,360 | $823K | Add +0.1% |
| AVGO Broadcom Inc. | 0.34% | 2,283 | $790K | Add +19.3% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.33% | 1,667 | $781K | Reduce -4.4% |
| IGV iShares Expanded Tech-Softwa | 0.33% | 7,315 | $773K | Reduce -9.5% |
| WMT Walmart Inc. | 0.32% | 6,842 | $762K | Reduce -2.0% |
| PH Parker Hannifin Corp. | 0.31% | 818 | $719K | No change |
| AMGN Amgen Inc. | 0.30% | 2,146 | $702K | Add +0.4% |
| JNJ Johnson & Johnson | 0.30% | 3,378 | $699K | Add +0.3% |
| TSLA Tesla Inc. | 0.29% | 1,508 | $678K | Add +2.5% |
| FEZ State Street SPDR Euro Stoxx | 0.27% | 10,000 | $644K | New |
| FCX Freeport-McMoran Inc. | 0.27% | 12,396 | $630K | Reduce -2.4% |
| CRM Salesforce Inc. | 0.26% | 2,331 | $618K | Add +39.8% |
| VZ Verizon Communications Inc. | 0.26% | 14,918 | $608K | Reduce -33.3% |
| CSCO Cisco Systems Inc. | 0.26% | 7,838 | $604K | Reduce -1.4% |
| GE General Electric Company filed as GE Aerospace | 0.25% | 1,917 | $590K | No change |
| XLV SS Health Care Select Sector | 0.25% | 3,785 | $586K | New |
| WM Waste Management Inc. | 0.24% | 2,552 | $561K | Reduce -4.6% |
| WFC Wells Fargo & Co. | 0.23% | 5,876 | $548K | Add +15.4% |
| QQQE Dirx Nasdaq-100EQ Wi ETF-Usd | 0.23% | 5,228 | $535K | Reduce -40.0% |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 0.22% | 12,300 | $525K | Add +65.1% |
| PANW Palo Alto Networks Inc. | 0.21% | 2,721 | $501K | Reduce -3.0% |
| MO Altria Group Inc. | 0.20% | 8,145 | $470K | Reduce -8.1% |
| BINC iShares Flex I A ETF-Usd Inc. | 0.20% | 8,685 | $458K | Add +100.3% |
| MDT Medtronic Inc | 0.19% | 4,753 | $457K | Reduce -4.8% |
| MKL Markel Group Inc. | 0.19% | 211 | $454K | No change |
| PLTR Palantir Technologies Inc. Class A | 0.19% | 2,524 | $449K | Add +13.2% |
| INTC Intel Corp. | 0.19% | 12,090 | $446K | No change |
| SGOV iShares 0-3 Month Treasury B | 0.19% | 4,400 | $442K | New |
| NUE Nucor Corp. | 0.18% | 2,580 | $421K | No change |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.18% | 1,398 | $414K | Add +0.9% |
| ORCL Oracle Corp. | 0.17% | 2,054 | $400K | Reduce -11.4% |
| SYK Stryker Corp. | 0.17% | 1,130 | $397K | No change |
| COST Costco Wholesale Corp. | 0.16% | 423 | $365K | Reduce -8.8% |
| GLW Corning Inc. | 0.15% | 4,012 | $351K | No change |
| CB Chubb Corp. | 0.15% | 1,123 | $351K | No change |
| GRMN Garmin Ltd. | 0.15% | 1,721 | $349K | No change |
| NFLX Netflix Inc. | 0.15% | 3,715 | $348K | Add +2.9% |
| USMV iShares MSCI USA Min Vol Fac | 0.15% | 3,687 | $347K | Reduce -90.6% |
| Invesco S&P Int. Developed Quality | 0.15% | 9,852 | $346K | Add +20.9% |
| GEV GE Vernova Inc. | 0.15% | 529 | $346K | Add +11.6% |
| FDX FedEx Corp. | 0.14% | 1,167 | $337K | Reduce -11.9% |
| PEP Pepsico Inc. | 0.14% | 2,336 | $335K | No change |
| AKRE Akre Focus ETF filed as PROFESIONALLY MANAGED PORTFO | 0.14% | 5,093 | $334K | New |
| PAYX Paychex Inc. | 0.14% | 2,948 | $331K | Reduce -2.4% |
| NEM Newmont Corp. | 0.14% | 3,194 | $319K | No change |
| MRK Merck & Co. Inc. | 0.13% | 3,008 | $317K | Add +0.2% |
| MS Morgan Stanley | 0.13% | 1,756 | $312K | New |
| BADGER DAYLIGHTING LTD | 0.13% | 5,792 | $308K | No change |
Other holdings (5): bonds, preferreds, convertibles and warrants · $4.2M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| JPMORGAN CHASE & CO (JPM 6 PERP EE) | Common Stock | 72,201 | $1.8M | Reduce -1.4% |
| BANK OF AMERICA CORP (BAC 6 PERP GG) | PFD | 61,374 | $1.5M | Add +8.1% |
| DUKE ENERGY CORP (DUK 5.75 PERP A) | Common Stock | 18,468 | $461K | Add +66.8% |
| WELLS FARGO & COMPANY (WFC 4.7 PERP AA) | Common Stock | 16,125 | $312K | New |
| US BANCORP (USB 4.5 PERP O) | Common Stock | 5,520 | $100K | New |
Total filed on the 13F, all lines: $238.9M.
Portfolio Sells Q3 2025 → Q4 2025
| USMV iShares MSCI USA Min Vol Fac | Reduce -90.6% | 0.15% | −1.52 |
| USFR Wisdomtree Floating Rate Tre | Reduce -10.5% | 2.54% | −0.44 |
| RSP Guggenheim S&P 500 Equal Wei | Reduce -43.7% | 0.49% | −0.42 |
| HD Home Depot Inc. | Reduce -17.5% | 0.56% | −0.28 |
| NVDA Nvidia Corp. | Reduce -1.0% | 4.39% | −0.27 |
| VOO Vanguard S&P 500 ETF | Reduce -0.0% | 9.91% | −0.25 |
| VIGI Vanguard Int Div App Indx FD | Reduce -11.6% | 1.47% | −0.24 |
| VZ Verizon Communications Inc. | Reduce -33.3% | 0.26% | −0.18 |
| VOOV Vanguard S&P 500 Value ETF | Reduce -0.9% | 5.74% | −0.18 |
| IBIT iShares Bitcoin Trust ETF | Sold out | 0.00% | −0.17 |
| MRVL Marvell Technology Group Ltd. | Sold out | 0.00% | −0.17 |
| QQQE Dirx Nasdaq-100EQ Wi ETF-Usd | Reduce -40.0% | 0.23% | −0.17 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -8.2% | 0.97% | −0.14 |
| DUK Duke Energy Corp. | Reduce -10.6% | 0.57% | −0.14 |
| LRCX Lam Research Corp. | Sold out | 0.00% | −0.13 |
| BX Blackstone Inc. | Sold out | 0.00% | −0.12 |
| ORCL Oracle Corp. | Reduce -11.4% | 0.17% | −0.12 |
| AMAT Applied Materials Inc. | Sold out | 0.00% | −0.12 |
| XOM Exxon Mobil Corp. | Reduce -15.6% | 0.68% | −0.11 |
| JEPI JPMorgan Equity Premium Inco | Reduce -14.9% | 0.46% | −0.11 |
| IGV iShares Expanded Tech-Softwa | Reduce -9.5% | 0.33% | −0.09 |
| FBNC First Bancorp | Reduce -0.7% | 0.75% | −0.08 |
| FISV Fiserv Inc. | Sold out | 0.00% | −0.07 |
| PSFF Pacer Swan Sos Fund of Funds | Reduce -7.2% | 0.67% | −0.07 |
| MCD McDonald's Corp. | Reduce -3.9% | 0.82% | −0.07 |
| LRGE Clearbridge Large Cap Growth | Reduce -6.5% | 0.50% | −0.07 |
| LMT Lockheed Martin Corp. | Reduce -4.0% | 0.52% | −0.07 |
| DGRW Wisdomtree U.S. Quality Divi | Reduce -32.9% | 0.12% | −0.06 |
| MO Altria Group Inc. | Reduce -8.1% | 0.20% | −0.06 |
| RGTI Rigetti Computing Inc. | Sold out | 0.00% | −0.06 |
| FDS Factset Research Systems Inc. | Reduce -6.8% | 0.50% | −0.06 |
| CRWD CrowdStrike Holdings Inc. Class A | Reduce -4.4% | 0.33% | −0.05 |
| RHHBY Roche Holdings Ltd.-Spons ADR | Sold out | 0.00% | −0.04 |
| BKNG Booking Holdings Inc. | Reduce -24.2% | 0.11% | −0.04 |
| LOW Lowe's Cos Inc. | Reduce -1.3% | 0.39% | −0.04 |
| PANW Palo Alto Networks Inc. | Reduce -3.0% | 0.21% | −0.04 |
| VCSH Vanguard S/T Corp. Bond ETF | Reduce -5.4% | 0.36% | −0.04 |
| Bitcoin Investment Ord | Reduce -23.6% | 0.05% | −0.04 |
| AUB Atlantic Union Bankshares Co. | Reduce -38.3% | 0.05% | −0.04 |
| COST Costco Wholesale Corp. | Reduce -8.8% | 0.16% | −0.04 |
| AMZN Amazon.com Inc. | Reduce -5.1% | 0.66% | −0.03 |
| CEG Constellation Energy | Reduce -36.7% | 0.06% | −0.03 |
| V Visa Inc. Class A | Reduce -1.2% | 0.93% | −0.03 |
| PAYX Paychex Inc. | Reduce -2.4% | 0.14% | −0.03 |
| UNP Union Pacific Corp. | Reduce -21.1% | 0.08% | −0.03 |
| WM Waste Management Inc. | Reduce -4.6% | 0.24% | −0.03 |
| ADBE Adobe Inc. | Reduce -11.3% | 0.12% | −0.02 |
| CHD Church & Dwight Co. Inc. | Reduce -6.2% | 0.11% | −0.02 |
| MDT Medtronic Inc | Reduce -4.8% | 0.19% | −0.02 |
| ABT Abbott Laboratories | Reduce -1.1% | 0.10% | −0.01 |
Portfolio Buys Q3 2025 → Q4 2025
| VTV Vanguard Mrngstr Val ETF-Aui | Add +81.3% | 2.78% | +1.21 |
| VIG Vanguard Dividend Apprec ETF | Add +11.6% | 10.45% | +0.80 |
| SCHI Schwab 5-10 Year Corporate B | Add +112.5% | 1.00% | +0.50 |
| FEZ State Street SPDR Euro Stoxx | New | 0.27% | +0.27 |
| GLD SPDR Gold Shares | Add +63.7% | 0.63% | +0.27 |
| XLV SS Health Care Select Sector | New | 0.25% | +0.25 |
| VUG Vanguard Mrngstar GR ETF-Sui | Add +10.3% | 3.25% | +0.21 |
| OAKM Oakmark US Large Cap ETF | Add +60.3% | 0.54% | +0.20 |
| SGOV iShares 0-3 Month Treasury B | New | 0.19% | +0.19 |
| MU Micron Technology Inc. | Add +12.5% | 0.38% | +0.17 |
| IEF iShares 7-10 Year Treasury B | Add +45.9% | 0.61% | +0.17 |
| FLOT iShares Floating Rate Bond E | Add +34.9% | 0.72% | +0.16 |
| PPI Astoria Real Assets ETF | Add +49.1% | 0.49% | +0.15 |
| VGT Vanguard Info Tech ETF | Add +32.1% | 0.68% | +0.15 |
| AKRE Akre Focus ETF | New | 0.14% | +0.14 |
| TSM Taiwan Semiconductor-SP ADR | Add +55.8% | 0.36% | +0.14 |
| MS Morgan Stanley | New | 0.13% | +0.13 |
| VEA Vanguard Ftse Developed ETF | New | 0.12% | +0.12 |
| IEI iShares 3-7 Year Treasury Bo | Add +11.9% | 1.76% | +0.11 |
| AOR iShares Core 60/40 Balanced | New | 0.10% | +0.10 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Add +10.8% | 2.46% | +0.10 |
| BINC iShares Flex I A ETF-Usd Inc. | Add +100.3% | 0.20% | +0.09 |
| XLI SS Industrial Select Sector | Add +32.0% | 0.42% | +0.09 |
| CRM Salesforce Inc. | Add +39.8% | 0.26% | +0.09 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Add +65.1% | 0.22% | +0.08 |
| MP MP Materials Corp. | New | 0.07% | +0.07 |
| STRL Sterling Infrastructure Inc. | New | 0.07% | +0.07 |
| SMNEY Siemens Energy AG-Unsp ADR | New | 0.06% | +0.06 |
| MOD Modine Manufacturing Co. | New | 0.06% | +0.06 |
| WTPI Wisdomtree Equity Premium Inc. | New | 0.06% | +0.06 |
| AMD Advanced Micro Devices | New | 0.06% | +0.06 |
| AVGO Broadcom Inc. | Add +19.3% | 0.34% | +0.05 |
| IVES Dan Wedbush AI Rev ETF | New | 0.05% | +0.05 |
| CNC Centene Corp. | New | 0.05% | +0.05 |
| FNDX Schwab Fndmntl US LRG Co. ETF | Add +5.4% | 1.19% | +0.04 |
| CGBL Cap Group Core Balanced | New | 0.04% | +0.04 |
| NSRGY Nestle SA-Spons ADR | New | 0.04% | +0.04 |
| WFC Wells Fargo & Co. | Add +15.4% | 0.23% | +0.04 |
| JPM JPMorgan Chase & Co. | Add +6.9% | 0.95% | +0.04 |
| DGRO iShares Core Dividend Growth | Add +10.4% | 0.44% | +0.03 |
| AMGN Amgen Inc. | Add +0.4% | 0.30% | +0.03 |
| Invesco S&P Int. Developed Quality | Add +20.9% | 0.15% | +0.03 |
| QQQM Invesco Nasdaq 100 ETF | Add +37.3% | 0.09% | +0.02 |
| MRK Merck & Co. Inc. | Add +0.2% | 0.13% | +0.02 |
| RTN.A Raytheon Co. Class A | Add +0.2% | 0.49% | +0.02 |
| BA The Boeing Co. | Add +25.0% | 0.13% | +0.02 |
| JNJ Johnson & Johnson | Add +0.3% | 0.30% | +0.02 |
| GEV GE Vernova Inc. | Add +11.6% | 0.15% | +0.02 |
| PLTR Palantir Technologies Inc. Class A | Add +13.2% | 0.19% | +0.01 |
| TJX TJX Companies Inc. | Add +0.1% | 0.35% | +0.00 |
Notes & Other Activity Q3 2025 → Q4 2025
| JPMORGAN CHASE & CO (JPM 6 PERP EE) | Common Stock | Reduce -1.4% | 72,201 | $1.8M |
| BANK OF AMERICA CORP (BAC 6 PERP GG) | PFD | Add +8.1% | 61,374 | $1.5M |
| DUKE ENERGY CORP (DUK 5.75 PERP A) | Common Stock | Add +66.8% | 18,468 | $461K |
| WELLS FARGO & COMPANY (WFC 4.7 PERP AA) | Common Stock | New | 16,125 | $312K |
| US BANCORP (USB 4.5 PERP O) | Common Stock | New | 5,520 | $100K |
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 |