Cobblestone Asset Management LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 14, 2025), Cobblestone Asset Management LLC reported 69 stock positions worth $190.1 million. Its top holding was JPMorgan Ultra-Short Income (JPST) at 14.6% of the portfolio, followed by iShares Core S&P 500 ETF (IVV, 6.3%) and JPMorgan US Quality Factor (JQUA, 6.0%). Compared with Q1 2025, it opened 17 new positions, sold out of 9, added to 24 and reduced 23. The biggest buy was JPMorgan Ultra-Short Income (JPST, shares +569%) and the biggest sale iShares Core S&P 500 ETF (IVV, shares −53%).
- Most Recent 13F
- Q2 2026
- Location
- RICHMOND, VA
- CIK
- 0001994512
- Portfolio Value
- $190.1M (Q2 2025)
- SEC Filing
- 0001994512-25-000004 ↗ filed Jul 14, 2025
Holdings Value
Holdings 69 stocks · $190.1M
| JPST JPMorgan Ultra-Short Income | 14.55% | 545,964 | $27.7M | Add +569.0% |
| IVV iShares Core S&P 500 ETF | 6.29% | 19,275 | $12.0M | Reduce -52.5% |
| JQUA JPMorgan US Quality Factor | 5.98% | 189,239 | $11.4M | Reduce -4.0% |
| JBND JPMorgan Active Bond ETF | 5.52% | 195,775 | $10.5M | Reduce -11.5% |
| EFV iShares MSCI Eafe Value ETF | 5.42% | 162,204 | $10.3M | Add +41.7% |
| SPYG SS SPDR P S&P 500 Growth ETF | 5.18% | 103,271 | $9.8M | Reduce -18.1% |
| DYNF Ishrs US E F R A ETF-Usd Inc. | 5.03% | 175,512 | $9.6M | Reduce -6.0% |
| SPYV SS SPDR P S&P 500 Value ETF | 4.47% | 162,352 | $8.5M | Add +5.0% |
| SPEM State Street SP PTF Em ETF | 3.69% | 164,055 | $7.0M | Add +78.3% |
| IBIT iShares Bitcoin Trust ETF | 2.97% | 92,315 | $5.7M | Add +1.8% |
| TLH iShares 10-20 Year Treasury | 2.84% | 53,133 | $5.4M | Add +34.5% |
| MBB iShares MBS ETF | 2.77% | 56,133 | $5.3M | Reduce -2.9% |
| EFG iShares MSCI Eafe Growth ETF | 2.25% | 38,119 | $4.3M | Reduce -10.5% |
| THRO iShares U.S. Thematic Rotati | 2.24% | 119,874 | $4.3M | New |
| OEF iShares S&P 100 ETF | 2.22% | 13,893 | $4.2M | Add +38.9% |
| BINC iShares Flex I A ETF-Usd Inc. | 2.06% | 74,286 | $3.9M | Reduce -2.8% |
| IAGG iShares Intl Aggregate Bond | 1.95% | 72,707 | $3.7M | New |
| IYW iShares Ustechnology ETF | 1.72% | 18,903 | $3.3M | Reduce -19.1% |
| COIN Coinbase Global Inc. Class A | 1.59% | 8,614 | $3.0M | New |
| SPMO Invesco S&P 500 Momentum ETF | 1.57% | 26,627 | $3.0M | Reduce -10.3% |
| PM Philip Morris International | 1.07% | 11,191 | $2.0M | No change |
| IAU iShares Gold Trust | 0.99% | 30,178 | $1.9M | Reduce -38.3% |
| EWZ iShares MSCI Brazil ETF | 0.98% | 64,389 | $1.9M | New |
| BAI Ishrs AI in and Tech Act ETF | 0.85% | 55,763 | $1.6M | New |
| AAPL Apple Inc. | 0.84% | 7,798 | $1.6M | Reduce -2.9% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 0.84% | 22,007 | $1.6M | Reduce -11.5% |
| NEU Newmarket Corp. | 0.76% | 2,100 | $1.5M | No change |
| ETHA iShares Ethereum Trust ETF | 0.76% | 76,020 | $1.4M | Add +30.6% |
| VWOB Vanguard Emerg MKTS Gov BND | 0.71% | 20,716 | $1.4M | Reduce -3.3% |
| EPOL iShares MSCI Poland ETF | 0.64% | 37,592 | $1.2M | New |
| ECH iShares MSCI Chile ETF | 0.63% | 38,214 | $1.2M | New |
| CSX CSX Corp. | 0.59% | 34,456 | $1.1M | Add +0.4% |
| BMY Bristol-Myers Squibb Co. | 0.58% | 23,881 | $1.1M | Add +0.1% |
| JVAL JPMorgan US Value Factor ETF | 0.57% | 24,621 | $1.1M | Add +15.6% |
| PSLV Sprott Physical Silver Trust | 0.54% | 84,303 | $1.0M | Reduce -0.3% |
| JGRO JPMorgan Active Growth ETF | 0.50% | 11,019 | $948K | Add +6.7% |
| BBAG JPMorgan Betabuilders US Agg | 0.50% | 20,405 | $942K | Reduce -1.1% |
| GOVT iShares US Treasury Bond ETF | 0.46% | 38,254 | $879K | Reduce -1.6% |
| EZA iShares MSCI South Africa Et | 0.45% | 15,809 | $850K | New |
| MSFT Microsoft Corp. | 0.43% | 1,645 | $818K | Add +6.3% |
| BBIN JPM Betabuilders Intl Eqty filed as J P MORGAN EXCHANGE TRADED F | 0.41% | 11,659 | $787K | Add +23.8% |
| STIP iShares 0-5 Year Tips Bond E | 0.39% | 7,239 | $745K | New |
| JOBY Joby Aviation Inc. | 0.36% | 64,250 | $678K | Add +4.6% |
| EWI iShares MSCI Italy ETF | 0.32% | 12,661 | $610K | New |
| EWW iShares MSCI Mexico ETF | 0.32% | 10,057 | $609K | New |
| EWM iShares MSCI Malaysia ETF | 0.32% | 24,845 | $605K | New |
| EWN iShares MSCI Netherlands ETF | 0.32% | 11,087 | $604K | New |
| MO Altria Group Inc. | 0.32% | 10,216 | $599K | Add +0.3% |
| INDA iShares MSCI India ETF | 0.31% | 10,743 | $598K | New |
| BKLN Invesco Senior Loan ETF | 0.27% | 24,584 | $514K | Reduce -9.7% |
| PHYS Sprott Physical Gold Trust | 0.24% | 17,653 | $448K | No change |
| JPIE JPMorgan Income ETF | 0.22% | 9,134 | $423K | Reduce -10.2% |
| D Dominion Energy Inc. | 0.20% | 6,620 | $374K | Add +3.2% |
| AMZN Amazon.com Inc. | 0.19% | 1,673 | $367K | Add +3.1% |
| TSLA Tesla Inc. | 0.18% | 1,086 | $345K | Reduce -20.8% |
| GNL Global Net Lease Inc. | 0.18% | 44,945 | $339K | Add +0.3% |
| PLTR Palantir Technologies Inc. Class A | 0.18% | 2,450 | $334K | Reduce -35.5% |
| INTC Intel Corp. | 0.17% | 14,841 | $332K | Reduce -6.3% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.15% | 1,000 | $295K | No change |
| NIO Nio Inc. - ADR | 0.15% | 83,950 | $288K | Add +0.1% |
| KO The Coca-Cola Co. | 0.14% | 3,729 | $264K | No change |
| FBTC Fidelity Wise Origin Bitcoin | 0.13% | 2,704 | $254K | New |
| JPM JPMorgan Chase & Co. | 0.12% | 804 | $233K | New |
| NVDA Nvidia Corp. | 0.12% | 1,450 | $229K | Reduce -23.3% |
| MCK McKesson Corp. | 0.11% | 276 | $202K | New |
| PLUG Plug Power Inc. | 0.07% | 95,500 | $142K | Add +4.4% |
| POLESTAR AUTOMOTIVE HLDG UK | 0.04% | 73,600 | $79K | Add +5.8% |
| ACB Aurora Cannabis Inc. | 0.04% | 16,350 | $69K | Add +7.6% |
| CHPT Chargepoint Holdings Inc. | 0.01% | 29,200 | $21K | Add +11.4% |
Portfolio Sells Q1 2025 → Q2 2025
| IVV iShares Core S&P 500 ETF | Reduce -52.5% | 6.29% | −7.03 |
| JEPI JPMorgan Equity Premium Inco | Sold out | 0.00% | −4.37 |
| SCHA Schwab US Small-Cap ETF | Sold out | 0.00% | −2.92 |
| JEPQ JPM Nasdaq Equity Premium | Sold out | 0.00% | −2.81 |
| EMXC iShares MSCI Emr MRK Ex Chna | Sold out | 0.00% | −1.93 |
| XSMO Invesco S&P Smallcap Momentu | Sold out | 0.00% | −1.50 |
| IWN iShares Russell 2000 Value E | Sold out | 0.00% | −1.46 |
| JBND JPMorgan Active Bond ETF | Reduce -11.5% | 5.52% | −1.40 |
| HEFA Isha Curr Hedged MSCI Eafe | Sold out | 0.00% | −0.78 |
| SPYG SS SPDR P S&P 500 Growth ETF | Reduce -18.1% | 5.18% | −0.74 |
| IAU iShares Gold Trust | Reduce -38.3% | 0.99% | −0.69 |
| JQUA JPMorgan US Quality Factor | Reduce -4.0% | 5.98% | −0.53 |
| MBB iShares MBS ETF | Reduce -2.9% | 2.77% | −0.39 |
| DYNF Ishrs US E F R A ETF-Usd Inc. | Reduce -6.0% | 5.03% | −0.29 |
| BINC iShares Flex I A ETF-Usd Inc. | Reduce -2.8% | 2.06% | −0.27 |
| EFG iShares MSCI Eafe Growth ETF | Reduce -10.5% | 2.25% | −0.24 |
| ICVT iShares Convertible Bond ETF | Sold out | 0.00% | −0.20 |
| AAPL Apple Inc. | Reduce -2.9% | 0.84% | −0.20 |
| IYW iShares Ustechnology ETF | Reduce -19.1% | 1.72% | −0.19 |
| HYDB iShares High Yield Systemati | Sold out | 0.00% | −0.19 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Reduce -11.5% | 0.84% | −0.11 |
| VWOB Vanguard Emerg MKTS Gov BND | Reduce -3.3% | 0.71% | −0.09 |
| BBAG JPMorgan Betabuilders US Agg | Reduce -1.1% | 0.50% | −0.06 |
| GOVT iShares US Treasury Bond ETF | Reduce -1.6% | 0.46% | −0.06 |
| BKLN Invesco Senior Loan ETF | Reduce -9.7% | 0.27% | −0.06 |
| JPIE JPMorgan Income ETF | Reduce -10.2% | 0.22% | −0.05 |
| INTC Intel Corp. | Reduce -6.3% | 0.17% | −0.04 |
| PSLV Sprott Physical Silver Trust | Reduce -0.3% | 0.54% | −0.03 |
| SPMO Invesco S&P 500 Momentum ETF | Reduce -10.3% | 1.57% | −0.03 |
| TSLA Tesla Inc. | Reduce -20.8% | 0.18% | −0.03 |
| PLTR Palantir Technologies Inc. Class A | Reduce -35.5% | 0.18% | −0.01 |
| NVDA Nvidia Corp. | Reduce -23.3% | 0.12% | +0.00 |
Portfolio Buys Q1 2025 → Q2 2025
| JPST JPMorgan Ultra-Short Income | Add +569.0% | 14.55% | +12.14 |
| THRO iShares U.S. Thematic Rotati | New | 2.24% | +2.24 |
| IAGG iShares Intl Aggregate Bond | New | 1.95% | +1.95 |
| COIN Coinbase Global Inc. Class A | New | 1.59% | +1.59 |
| SPEM State Street SP PTF Em ETF | Add +78.3% | 3.69% | +1.57 |
| EFV iShares MSCI Eafe Value ETF | Add +41.7% | 5.42% | +1.47 |
| EWZ iShares MSCI Brazil ETF | New | 0.98% | +0.98 |
| BAI Ishrs AI in and Tech Act ETF | New | 0.85% | +0.85 |
| OEF iShares S&P 100 ETF | Add +38.9% | 2.22% | +0.64 |
| EPOL iShares MSCI Poland ETF | New | 0.64% | +0.64 |
| ECH iShares MSCI Chile ETF | New | 0.63% | +0.63 |
| IBIT iShares Bitcoin Trust ETF | Add +1.8% | 2.97% | +0.49 |
| EZA iShares MSCI South Africa Et | New | 0.45% | +0.45 |
| TLH iShares 10-20 Year Treasury | Add +34.5% | 2.84% | +0.45 |
| STIP iShares 0-5 Year Tips Bond E | New | 0.39% | +0.39 |
| EWI iShares MSCI Italy ETF | New | 0.32% | +0.32 |
| EWW iShares MSCI Mexico ETF | New | 0.32% | +0.32 |
| EWM iShares MSCI Malaysia ETF | New | 0.32% | +0.32 |
| EWN iShares MSCI Netherlands ETF | New | 0.32% | +0.32 |
| INDA iShares MSCI India ETF | New | 0.31% | +0.31 |
| ETHA iShares Ethereum Trust ETF | Add +30.6% | 0.76% | +0.29 |
| JOBY Joby Aviation Inc. | Add +4.6% | 0.36% | +0.14 |
| FBTC Fidelity Wise Origin Bitcoin | New | 0.13% | +0.13 |
| JPM JPMorgan Chase & Co. | New | 0.12% | +0.12 |
| MCK McKesson Corp. | New | 0.11% | +0.11 |
| MSFT Microsoft Corp. | Add +6.3% | 0.43% | +0.09 |
| BBIN JPM Betabuilders Intl Eqty | Add +23.8% | 0.41% | +0.08 |
| JVAL JPMorgan US Value Factor ETF | Add +15.6% | 0.57% | +0.06 |
| JGRO JPMorgan Active Growth ETF | Add +6.7% | 0.50% | +0.05 |
| AMZN Amazon.com Inc. | Add +3.1% | 0.19% | +0.01 |
| PLUG Plug Power Inc. | Add +4.4% | 0.07% | +0.00 |
| CSX CSX Corp. | Add +0.4% | 0.59% | +0.00 |
| CHPT Chargepoint Holdings Inc. | Add +11.4% | 0.01% | +0.00 |
| POLESTAR AUTOMOTIVE HLDG UK | Add +5.8% | 0.04% | −0.00 |
| ACB Aurora Cannabis Inc. | Add +7.6% | 0.04% | −0.00 |
| D Dominion Energy Inc. | Add +3.2% | 0.20% | −0.01 |
| GNL Global Net Lease Inc. | Add +0.3% | 0.18% | −0.03 |
| NIO Nio Inc. - ADR | Add +0.1% | 0.15% | −0.04 |
| MO Altria Group Inc. | Add +0.3% | 0.32% | −0.04 |
| SPYV SS SPDR P S&P 500 Value ETF | Add +5.0% | 4.47% | −0.14 |
| BMY Bristol-Myers Squibb Co. | Add +0.1% | 0.58% | −0.27 |
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 |