Cobblestone Asset Management LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 22, 2025), Cobblestone Asset Management LLC reported 61 stock positions worth $171.2 million. Its top holding was iShares Core S&P 500 ETF (IVV) at 13.3% of the portfolio, followed by JPMorgan Active Bond ETF (JBND, 6.9%) and JPMorgan US Quality Factor (JQUA, 6.5%). Compared with Q4 2024, it opened 15 new positions, sold out of 6, added to 34 and reduced 8. The biggest buy was a new position in iShares 10-20 Year Treasury (TLH) and the biggest sale iShares MSCI Eafe Growth ETF (EFG, shares −44%).
- Most Recent 13F
- Q2 2026
- Location
- RICHMOND, VA
- CIK
- 0001994512
- Portfolio Value
- $171.2M (Q1 2025)
- SEC Filing
- 0001994512-25-000003 ↗ filed Apr 22, 2025
Holdings Value
Holdings 61 stocks · $171.2M
| IVV iShares Core S&P 500 ETF | 13.32% | 40,607 | $22.8M | Reduce -0.4% |
| JBND JPMorgan Active Bond ETF | 6.92% | 221,290 | $11.8M | Add +13.1% |
| JQUA JPMorgan US Quality Factor | 6.50% | 197,207 | $11.1M | Add +28.4% |
| SPYG SS SPDR P S&P 500 Growth ETF | 5.92% | 126,047 | $10.1M | Add +15.2% |
| DYNF Ishrs US E F R A ETF-Usd Inc. | 5.31% | 186,620 | $9.1M | Add +13.5% |
| SPYV SS SPDR P S&P 500 Value ETF | 4.61% | 154,581 | $7.9M | Add +54.2% |
| JEPI JPMorgan Equity Premium Inco | 4.37% | 131,095 | $7.5M | Add +12.8% |
| EFV iShares MSCI Eafe Value ETF | 3.94% | 114,502 | $6.7M | Reduce -21.1% |
| MBB iShares MBS ETF | 3.17% | 57,822 | $5.4M | Reduce -6.6% |
| SCHA Schwab US Small-Cap ETF | 2.92% | 213,194 | $5.0M | Add +16.6% |
| JEPQ JPM Nasdaq Equity Premium filed as J P MORGAN EXCHANGE TRADED F | 2.81% | 92,802 | $4.8M | Add +17.7% |
| EFG iShares MSCI Eafe Growth ETF | 2.49% | 42,584 | $4.3M | Reduce -44.3% |
| IBIT iShares Bitcoin Trust ETF | 2.48% | 90,691 | $4.2M | Add +6.4% |
| JPST JPMorgan Ultra-Short Income | 2.41% | 81,613 | $4.1M | Add +13.0% |
| TLH iShares 10-20 Year Treasury | 2.39% | 39,503 | $4.1M | New |
| BINC iShares Flex I A ETF-Usd Inc. | 2.34% | 76,446 | $4.0M | Add +17.6% |
| SPEM State Street SP PTF Em ETF | 2.12% | 92,026 | $3.6M | Add +87.5% |
| EMXC iShares MSCI Emr MRK Ex Chna | 1.93% | 60,111 | $3.3M | Reduce -12.5% |
| IYW iShares Ustechnology ETF | 1.92% | 23,373 | $3.3M | Add +16.4% |
| IAU iShares Gold Trust | 1.68% | 48,877 | $2.9M | Add +104.0% |
| SPMO Invesco S&P 500 Momentum ETF | 1.60% | 29,681 | $2.7M | New |
| OEF iShares S&P 100 ETF | 1.58% | 10,003 | $2.7M | New |
| XSMO Invesco S&P Smallcap Momentu | 1.50% | 40,987 | $2.6M | Add +15.0% |
| IWN iShares Russell 2000 Value E | 1.46% | 16,595 | $2.5M | Add +15.6% |
| AAPL Apple Inc. | 1.04% | 8,027 | $1.8M | Add +35.0% |
| PM Philip Morris International | 1.04% | 11,191 | $1.8M | No change |
| SPYM Ste STR SPDR PT S&P 500 ETF | 0.95% | 24,869 | $1.6M | Add +29.9% |
| BMY Bristol-Myers Squibb Co. | 0.85% | 23,866 | $1.5M | No change |
| VWOB Vanguard Emerg MKTS Gov BND | 0.80% | 21,431 | $1.4M | Add +65.0% |
| HEFA Isha Curr Hedged MSCI Eafe | 0.78% | 36,807 | $1.3M | New |
| NEU Newmarket Corp. | 0.69% | 2,100 | $1.2M | Add +110.0% |
| CSX CSX Corp. | 0.59% | 34,318 | $1.0M | Add +0.4% |
| PSLV Sprott Physical Silver Trust | 0.57% | 84,520 | $980K | Reduce -0.2% |
| BBAG JPMorgan Betabuilders US Agg | 0.56% | 20,641 | $952K | Add +54.5% |
| GOVT iShares US Treasury Bond ETF | 0.52% | 38,877 | $894K | Add +59.0% |
| JVAL JPMorgan US Value Factor ETF | 0.52% | 21,302 | $882K | Add +70.7% |
| ETHA iShares Ethereum Trust ETF | 0.47% | 58,222 | $805K | Add +21.5% |
| JGRO JPMorgan Active Growth ETF | 0.45% | 10,329 | $762K | Add +34.8% |
| MO Altria Group Inc. | 0.36% | 10,191 | $612K | Add +4.1% |
| MSFT Microsoft Corp. | 0.34% | 1,547 | $581K | Add +186.5% |
| BBIN JPM Betabuilders Intl Eqty filed as J P MORGAN EXCHANGE TRADED F | 0.34% | 9,419 | $579K | Reduce -7.8% |
| BKLN Invesco Senior Loan ETF | 0.33% | 27,225 | $564K | Add +104.0% |
| JPIE JPMorgan Income ETF | 0.27% | 10,175 | $469K | New |
| PHYS Sprott Physical Gold Trust | 0.25% | 17,653 | $425K | Reduce -3.4% |
| JOBY Joby Aviation Inc. | 0.22% | 61,400 | $370K | New |
| GNL Global Net Lease Inc. | 0.21% | 44,833 | $360K | Add +0.4% |
| INTC Intel Corp. | 0.21% | 15,841 | $360K | New |
| D Dominion Energy Inc. | 0.21% | 6,414 | $360K | Add +15.1% |
| TSLA Tesla Inc. | 0.21% | 1,371 | $355K | New |
| ICVT iShares Convertible Bond ETF | 0.20% | 4,186 | $350K | Add +49.1% |
| HYDB iShares High Yield Systemati | 0.19% | 6,897 | $325K | Add +39.6% |
| PLTR Palantir Technologies Inc. Class A | 0.19% | 3,800 | $321K | New |
| NIO Nio Inc. - ADR | 0.19% | 83,850 | $319K | New |
| AMZN Amazon.com Inc. | 0.18% | 1,623 | $309K | Add +72.1% |
| KO The Coca-Cola Co. | 0.16% | 3,729 | $267K | No change |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.15% | 1,000 | $249K | No change |
| NVDA Nvidia Corp. | 0.12% | 1,890 | $205K | New |
| PLUG Plug Power Inc. | 0.07% | 91,500 | $124K | New |
| POLESTAR AUTOMOTIVE HLDG UK | 0.04% | 69,600 | $73K | New |
| ACB Aurora Cannabis Inc. | 0.04% | 15,200 | $67K | New |
| CHPT Chargepoint Holdings Inc. | 0.01% | 26,200 | $16K | New |
Portfolio Sells Q4 2024 → Q1 2025
| EFG iShares MSCI Eafe Growth ETF | Reduce -44.3% | 2.49% | −2.34 |
| IVV iShares Core S&P 500 ETF | Reduce -0.4% | 13.32% | −2.33 |
| MTUM iShares MSCI USA Momentum Fa | Sold out | 0.00% | −1.73 |
| VGLT Vanguard Long-Term Treasury | Sold out | 0.00% | −1.59 |
| AHR American Healthcare REIT Inc. | Sold out | 0.00% | −1.06 |
| EFV iShares MSCI Eafe Value ETF | Reduce -21.1% | 3.94% | −1.02 |
| PAVE Global X US Infrastructure | Sold out | 0.00% | −0.62 |
| EMXC iShares MSCI Emr MRK Ex Chna | Reduce -12.5% | 1.93% | −0.55 |
| MBB iShares MBS ETF | Reduce -6.6% | 3.17% | −0.54 |
| MDLZ Mondelez International Inc. Class A | Sold out | 0.00% | −0.19 |
| FBTC Fidelity Wise Origin Bitcoin | Sold out | 0.00% | −0.14 |
| BBIN JPM Betabuilders Intl Eqty | Reduce -7.8% | 0.34% | −0.04 |
| PHYS Sprott Physical Gold Trust | Reduce -3.4% | 0.25% | +0.01 |
| PSLV Sprott Physical Silver Trust | Reduce -0.2% | 0.57% | +0.04 |
Portfolio Buys Q4 2024 → Q1 2025
| TLH iShares 10-20 Year Treasury | New | 2.39% | +2.39 |
| SPMO Invesco S&P 500 Momentum ETF | New | 1.60% | +1.60 |
| OEF iShares S&P 100 ETF | New | 1.58% | +1.58 |
| SPYV SS SPDR P S&P 500 Value ETF | Add +54.2% | 4.61% | +1.26 |
| IAU iShares Gold Trust | Add +104.0% | 1.68% | +0.91 |
| SPEM State Street SP PTF Em ETF | Add +87.5% | 2.12% | +0.89 |
| HEFA Isha Curr Hedged MSCI Eafe | New | 0.78% | +0.78 |
| JQUA JPMorgan US Quality Factor | Add +28.4% | 6.50% | +0.77 |
| NEU Newmarket Corp. | Add +110.0% | 0.69% | +0.35 |
| JPIE JPMorgan Income ETF | New | 0.27% | +0.27 |
| VWOB Vanguard Emerg MKTS Gov BND | Add +65.0% | 0.80% | +0.27 |
| JBND JPMorgan Active Bond ETF | Add +13.1% | 6.92% | +0.25 |
| JOBY Joby Aviation Inc. | New | 0.22% | +0.22 |
| INTC Intel Corp. | New | 0.21% | +0.21 |
| TSLA Tesla Inc. | New | 0.21% | +0.21 |
| MSFT Microsoft Corp. | Add +186.5% | 0.34% | +0.19 |
| PLTR Palantir Technologies Inc. Class A | New | 0.19% | +0.19 |
| NIO Nio Inc. - ADR | New | 0.19% | +0.19 |
| JVAL JPMorgan US Value Factor ETF | Add +70.7% | 0.52% | +0.16 |
| BBAG JPMorgan Betabuilders US Agg | Add +54.5% | 0.56% | +0.16 |
| GOVT iShares US Treasury Bond ETF | Add +59.0% | 0.52% | +0.16 |
| BKLN Invesco Senior Loan ETF | Add +104.0% | 0.33% | +0.15 |
| BINC iShares Flex I A ETF-Usd Inc. | Add +17.6% | 2.34% | +0.13 |
| NVDA Nvidia Corp. | New | 0.12% | +0.12 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Add +29.9% | 0.95% | +0.09 |
| PLUG Plug Power Inc. | New | 0.07% | +0.07 |
| AAPL Apple Inc. | Add +35.0% | 1.04% | +0.07 |
| ICVT iShares Convertible Bond ETF | Add +49.1% | 0.20% | +0.05 |
| AMZN Amazon.com Inc. | Add +72.1% | 0.18% | +0.05 |
| POLESTAR AUTOMOTIVE HLDG UK | New | 0.04% | +0.04 |
| JPST JPMorgan Ultra-Short Income | Add +13.0% | 2.41% | +0.04 |
| JGRO JPMorgan Active Growth ETF | Add +34.8% | 0.45% | +0.04 |
| ACB Aurora Cannabis Inc. | New | 0.04% | +0.04 |
| HYDB iShares High Yield Systemati | Add +39.6% | 0.19% | +0.04 |
| MO Altria Group Inc. | Add +4.1% | 0.36% | +0.02 |
| D Dominion Energy Inc. | Add +15.1% | 0.21% | +0.01 |
| JEPI JPMorgan Equity Premium Inco | Add +12.8% | 4.37% | +0.01 |
| CHPT Chargepoint Holdings Inc. | New | 0.01% | +0.01 |
| GNL Global Net Lease Inc. | Add +0.4% | 0.21% | −0.00 |
| XSMO Invesco S&P Smallcap Momentu | Add +15.0% | 1.50% | −0.03 |
| IWN iShares Russell 2000 Value E | Add +15.6% | 1.46% | −0.07 |
| JEPQ JPM Nasdaq Equity Premium | Add +17.7% | 2.81% | −0.10 |
| CSX CSX Corp. | Add +0.4% | 0.59% | −0.13 |
| SCHA Schwab US Small-Cap ETF | Add +16.6% | 2.92% | −0.17 |
| IYW iShares Ustechnology ETF | Add +16.4% | 1.92% | −0.17 |
| DYNF Ishrs US E F R A ETF-Usd Inc. | Add +13.5% | 5.31% | −0.18 |
| ETHA iShares Ethereum Trust ETF | Add +21.5% | 0.47% | −0.32 |
| SPYG SS SPDR P S&P 500 Growth ETF | Add +15.2% | 5.92% | −0.36 |
| IBIT iShares Bitcoin Trust ETF | Add +6.4% | 2.48% | −0.47 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 74 | $239.8M | JPST, IVV, JBND, SPYG, DYNF |
| Q1 2026 | 73 | $222.4M | JPST, IVV, SPYV, SPYG, DYNF |
| Q4 2025 | 70 | $222.8M | JPST, IVV, SPYV, DYNF, SPYG |
| Q3 2025 | 74 | $218.7M | JPST, IVV, DYNF, SPYG, JQUA |
| Q2 2025 | 69 | $190.1M | JPST, IVV, JQUA, JBND, EFV |
| Q1 2025 | 61 | $171.2M | IVV, JBND, JQUA, SPYG, DYNF |
| Q4 2024 | 52 | $153.3M | IVV, JBND, SPYG, JQUA, DYNF |
| Q3 2024 | 45 | $166.3M | BND, IVV, SPYG, JPST, JQUA |
| Q2 2024 | 44 | $154.4M | IVV, BND, JPST, SPYG, JQUA |
| Q1 2024 | 44 | $147.4M | IVV, BND, JQUA, DYNF, SPYG |