Cobblestone Asset Management LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 20, 2025), Cobblestone Asset Management LLC reported 74 stock positions worth $218.7 million. Its top holding was JPMorgan Ultra-Short Income (JPST) at 14.0% of the portfolio, followed by iShares Core S&P 500 ETF (IVV, 6.5%) and Ishrs US E F R A ETF-Usd (DYNF, 5.7%). Compared with Q2 2025, it opened 9 new positions, sold out of 4, added to 39 and reduced 18. The biggest buy was a new position in iShares MSCI International V (IVLU) and the biggest sale an exit from iShares MSCI Eafe Value ETF (EFV).
- Most Recent 13F
- Q2 2026
- Location
- RICHMOND, VA
- CIK
- 0001994512
- Portfolio Value
- $218.7M (Q3 2025)
- SEC Filing
- 0001994512-25-000006 ↗ filed Oct 20, 2025
Holdings Value
Holdings 74 stocks · $218.7M
| JPST JPMorgan Ultra-Short Income | 14.03% | 604,854 | $30.7M | Add +10.8% |
| IVV iShares Core S&P 500 ETF | 6.49% | 21,216 | $14.2M | Add +10.1% |
| DYNF Ishrs US E F R A ETF-Usd Inc. | 5.73% | 211,789 | $12.5M | Add +20.7% |
| SPYG SS SPDR P S&P 500 Growth ETF | 4.80% | 100,379 | $10.5M | Reduce -2.8% |
| JQUA JPMorgan US Quality Factor | 4.40% | 152,986 | $9.6M | Reduce -19.2% |
| SPYV SS SPDR P S&P 500 Value ETF | 4.27% | 168,816 | $9.3M | Add +4.0% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 4.25% | 118,569 | $9.3M | Add +438.8% |
| IVLU iShares MSCI International V | 4.21% | 259,237 | $9.2M | New |
| JBND JPMorgan Active Bond ETF | 4.21% | 169,802 | $9.2M | Reduce -13.3% |
| OEF iShares S&P 100 ETF | 4.09% | 26,859 | $8.9M | Add +93.3% |
| SPEM State Street SP PTF Em ETF | 3.94% | 184,173 | $8.6M | Add +12.3% |
| TLH iShares 10-20 Year Treasury | 3.08% | 65,303 | $6.7M | Add +22.9% |
| IBIT iShares Bitcoin Trust ETF | 2.84% | 95,486 | $6.2M | Add +3.4% |
| MBB iShares MBS ETF | 2.54% | 58,291 | $5.5M | Add +3.8% |
| BAI Ishrs AI in and Tech Act ETF | 2.29% | 146,713 | $5.0M | Add +163.1% |
| THRO iShares U.S. Thematic Rotati | 2.10% | 121,166 | $4.6M | Add +1.1% |
| BINC iShares Flex I A ETF-Usd Inc. | 1.90% | 78,161 | $4.2M | Add +5.2% |
| IAGG iShares Intl Aggregate Bond | 1.85% | 78,919 | $4.0M | Add +8.5% |
| IAU iShares Gold Trust | 1.70% | 51,038 | $3.7M | Add +69.1% |
| SPMO Invesco S&P 500 Momentum ETF | 1.44% | 25,965 | $3.1M | Reduce -2.5% |
| ETHA iShares Ethereum Trust ETF | 1.11% | 77,177 | $2.4M | Add +1.5% |
| COIN Coinbase Global Inc. Class A | 1.11% | 7,181 | $2.4M | Reduce -16.6% |
| ITA iShares U.S. Aerospace & Def | 0.93% | 9,755 | $2.0M | New |
| AAPL Apple Inc. | 0.92% | 7,915 | $2.0M | Add +1.5% |
| EWZ iShares MSCI Brazil ETF | 0.90% | 63,251 | $2.0M | Reduce -1.8% |
| PM Philip Morris International | 0.83% | 11,191 | $1.8M | No change |
| NEU Newmarket Corp. | 0.76% | 2,000 | $1.7M | Reduce -4.8% |
| VWOB Vanguard Emerg MKTS Gov BND | 0.64% | 21,043 | $1.4M | Add +1.6% |
| EZA iShares MSCI South Africa Et | 0.62% | 21,129 | $1.4M | Add +33.6% |
| PSLV Sprott Physical Silver Trust | 0.60% | 83,348 | $1.3M | Reduce -1.1% |
| EPOL iShares MSCI Poland ETF | 0.59% | 39,766 | $1.3M | Add +5.8% |
| ECH iShares MSCI Chile ETF | 0.58% | 38,215 | $1.3M | Add +0.0% |
| CSX CSX Corp. | 0.56% | 34,593 | $1.2M | Add +0.4% |
| JVAL JPMorgan US Value Factor ETF | 0.55% | 25,232 | $1.2M | Add +2.5% |
| JGRO JPMorgan Active Growth ETF | 0.48% | 11,151 | $1.0M | Add +1.2% |
| JOBY Joby Aviation Inc. | 0.48% | 64,450 | $1.0M | Add +0.3% |
| BMY Bristol-Myers Squibb Co. | 0.47% | 22,688 | $1.0M | Reduce -5.0% |
| GOVT iShares US Treasury Bond ETF | 0.44% | 41,558 | $961K | Add +8.6% |
| BBAG JPMorgan Betabuilders US Agg | 0.40% | 18,549 | $866K | Reduce -9.1% |
| MSFT Microsoft Corp. | 0.39% | 1,635 | $847K | Reduce -0.6% |
| VTIP Vanguard Short-Term Tips | 0.36% | 15,541 | $787K | New |
| MO Altria Group Inc. | 0.32% | 10,688 | $706K | Add +4.6% |
| NIO Nio Inc. - ADR | 0.31% | 89,548 | $682K | Add +6.7% |
| EWN iShares MSCI Netherlands ETF | 0.31% | 11,568 | $671K | Add +4.3% |
| EWW iShares MSCI Mexico ETF | 0.30% | 9,686 | $661K | Reduce -3.7% |
| EWM iShares MSCI Malaysia ETF | 0.30% | 25,196 | $653K | Add +1.4% |
| EWY iShares MSCI South Korea ETF | 0.29% | 8,045 | $644K | New |
| EWI iShares MSCI Italy ETF | 0.29% | 12,383 | $643K | Reduce -2.2% |
| INDA iShares MSCI India ETF | 0.28% | 11,909 | $620K | Add +10.8% |
| BBIN JPM Betabuilders Intl Eqty filed as J P MORGAN EXCHANGE TRADED F | 0.24% | 7,619 | $534K | Reduce -34.6% |
| PHYS Sprott Physical Gold Trust | 0.24% | 17,535 | $519K | Reduce -0.7% |
| INTC Intel Corp. | 0.23% | 14,941 | $501K | Add +0.7% |
| BKLN Invesco Senior Loan ETF | 0.23% | 23,741 | $497K | Reduce -3.4% |
| TSLA Tesla Inc. | 0.22% | 1,086 | $483K | No change |
| JPIE JPMorgan Income ETF | 0.19% | 9,167 | $425K | Add +0.4% |
| PLTR Palantir Technologies Inc. Class A | 0.19% | 2,250 | $410K | Reduce -8.2% |
| D Dominion Energy Inc. | 0.19% | 6,626 | $405K | Add +0.1% |
| AMZN Amazon.com Inc. | 0.18% | 1,813 | $398K | Add +8.4% |
| NVDA Nvidia Corp. | 0.17% | 2,040 | $381K | Add +40.7% |
| GNL Global Net Lease Inc. | 0.17% | 44,945 | $365K | No change |
| EFG iShares MSCI Eafe Growth ETF | 0.15% | 2,811 | $320K | Reduce -92.6% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.13% | 1,000 | $282K | No change |
| MP MP Materials Corp. | 0.13% | 4,200 | $282K | New |
| FBTC Fidelity Wise Origin Bitcoin | 0.12% | 2,704 | $270K | No change |
| PLUG Plug Power Inc. | 0.12% | 115,470 | $269K | Add +20.9% |
| BE Bloom Energy Corp. Class A | 0.12% | 3,050 | $258K | New |
| KO The Coca-Cola Co. | 0.12% | 3,854 | $256K | Add +3.4% |
| JPM JPMorgan Chase & Co. | 0.12% | 804 | $254K | No change |
| ICVT iShares Convertible Bond ETF | 0.11% | 2,343 | $234K | New |
| MCK McKesson Corp. | 0.10% | 276 | $213K | No change |
| GLD SPDR Gold Shares | 0.09% | 579 | $206K | New |
| B Barrick Mining Corp. | 0.09% | 6,185 | $203K | New |
| ACB Aurora Cannabis Inc. | 0.06% | 21,450 | $128K | Add +31.2% |
| POLESTAR AUTOMOTIVE HLDG UK | 0.03% | 73,600 | $69K | No change |
Portfolio Sells Q2 2025 → Q3 2025
| EFV iShares MSCI Eafe Value ETF | Sold out | 0.00% | −5.42 |
| EFG iShares MSCI Eafe Growth ETF | Reduce -92.6% | 0.15% | −2.10 |
| IYW iShares Ustechnology ETF | Sold out | 0.00% | −1.72 |
| JQUA JPMorgan US Quality Factor | Reduce -19.2% | 4.40% | −1.57 |
| JBND JPMorgan Active Bond ETF | Reduce -13.3% | 4.21% | −1.31 |
| COIN Coinbase Global Inc. Class A | Reduce -16.6% | 1.11% | −0.48 |
| STIP iShares 0-5 Year Tips Bond E | Sold out | 0.00% | −0.39 |
| SPYG SS SPDR P S&P 500 Growth ETF | Reduce -2.8% | 4.80% | −0.38 |
| BBIN JPM Betabuilders Intl Eqty | Reduce -34.6% | 0.24% | −0.17 |
| SPMO Invesco S&P 500 Momentum ETF | Reduce -2.5% | 1.44% | −0.14 |
| BMY Bristol-Myers Squibb Co. | Reduce -5.0% | 0.47% | −0.11 |
| BBAG JPMorgan Betabuilders US Agg | Reduce -9.1% | 0.40% | −0.10 |
| EWZ iShares MSCI Brazil ETF | Reduce -1.8% | 0.90% | −0.08 |
| BKLN Invesco Senior Loan ETF | Reduce -3.4% | 0.23% | −0.04 |
| MSFT Microsoft Corp. | Reduce -0.6% | 0.39% | −0.04 |
| EWI iShares MSCI Italy ETF | Reduce -2.2% | 0.29% | −0.03 |
| EWW iShares MSCI Mexico ETF | Reduce -3.7% | 0.30% | −0.02 |
| CHPT Chargepoint Holdings Inc. | Sold out | 0.00% | −0.01 |
| NEU Newmarket Corp. | Reduce -4.8% | 0.76% | −0.01 |
| PHYS Sprott Physical Gold Trust | Reduce -0.7% | 0.24% | +0.00 |
| PLTR Palantir Technologies Inc. Class A | Reduce -8.2% | 0.19% | +0.01 |
| PSLV Sprott Physical Silver Trust | Reduce -1.1% | 0.60% | +0.06 |
Portfolio Buys Q2 2025 → Q3 2025
| IVLU iShares MSCI International V | New | 4.21% | +4.21 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Add +438.8% | 4.25% | +3.41 |
| OEF iShares S&P 100 ETF | Add +93.3% | 4.09% | +1.86 |
| BAI Ishrs AI in and Tech Act ETF | Add +163.1% | 2.29% | +1.45 |
| ITA iShares U.S. Aerospace & Def | New | 0.93% | +0.93 |
| IAU iShares Gold Trust | Add +69.1% | 1.70% | +0.71 |
| DYNF Ishrs US E F R A ETF-Usd Inc. | Add +20.7% | 5.73% | +0.71 |
| VTIP Vanguard Short-Term Tips | New | 0.36% | +0.36 |
| ETHA iShares Ethereum Trust ETF | Add +1.5% | 1.11% | +0.35 |
| EWY iShares MSCI South Korea ETF | New | 0.29% | +0.29 |
| SPEM State Street SP PTF Em ETF | Add +12.3% | 3.94% | +0.26 |
| TLH iShares 10-20 Year Treasury | Add +22.9% | 3.08% | +0.24 |
| IVV iShares Core S&P 500 ETF | Add +10.1% | 6.49% | +0.20 |
| EZA iShares MSCI South Africa Et | Add +33.6% | 0.62% | +0.17 |
| NIO Nio Inc. - ADR | Add +6.7% | 0.31% | +0.16 |
| MP MP Materials Corp. | New | 0.13% | +0.13 |
| JOBY Joby Aviation Inc. | Add +0.3% | 0.48% | +0.12 |
| BE Bloom Energy Corp. Class A | New | 0.12% | +0.12 |
| ICVT iShares Convertible Bond ETF | New | 0.11% | +0.11 |
| GLD SPDR Gold Shares | New | 0.09% | +0.09 |
| B Barrick Mining Corp. | New | 0.09% | +0.09 |
| AAPL Apple Inc. | Add +1.5% | 0.92% | +0.08 |
| INTC Intel Corp. | Add +0.7% | 0.23% | +0.05 |
| NVDA Nvidia Corp. | Add +40.7% | 0.17% | +0.05 |
| PLUG Plug Power Inc. | Add +20.9% | 0.12% | +0.05 |
| ACB Aurora Cannabis Inc. | Add +31.2% | 0.06% | +0.02 |
| MO Altria Group Inc. | Add +4.6% | 0.32% | +0.01 |
| EWN iShares MSCI Netherlands ETF | Add +4.3% | 0.31% | −0.01 |
| AMZN Amazon.com Inc. | Add +8.4% | 0.18% | −0.01 |
| D Dominion Energy Inc. | Add +0.1% | 0.19% | −0.01 |
| EWM iShares MSCI Malaysia ETF | Add +1.4% | 0.30% | −0.02 |
| JGRO JPMorgan Active Growth ETF | Add +1.2% | 0.48% | −0.02 |
| KO The Coca-Cola Co. | Add +3.4% | 0.12% | −0.02 |
| GOVT iShares US Treasury Bond ETF | Add +8.6% | 0.44% | −0.02 |
| JVAL JPMorgan US Value Factor ETF | Add +2.5% | 0.55% | −0.02 |
| JPIE JPMorgan Income ETF | Add +0.4% | 0.19% | −0.03 |
| CSX CSX Corp. | Add +0.4% | 0.56% | −0.03 |
| INDA iShares MSCI India ETF | Add +10.8% | 0.28% | −0.03 |
| EPOL iShares MSCI Poland ETF | Add +5.8% | 0.59% | −0.05 |
| ECH iShares MSCI Chile ETF | Add +0.0% | 0.58% | −0.06 |
| VWOB Vanguard Emerg MKTS Gov BND | Add +1.6% | 0.64% | −0.07 |
| IAGG iShares Intl Aggregate Bond | Add +8.5% | 1.85% | −0.10 |
| IBIT iShares Bitcoin Trust ETF | Add +3.4% | 2.84% | −0.13 |
| THRO iShares U.S. Thematic Rotati | Add +1.1% | 2.10% | −0.15 |
| BINC iShares Flex I A ETF-Usd Inc. | Add +5.2% | 1.90% | −0.16 |
| SPYV SS SPDR P S&P 500 Value ETF | Add +4.0% | 4.27% | −0.20 |
| MBB iShares MBS ETF | Add +3.8% | 2.54% | −0.24 |
| JPST JPMorgan Ultra-Short Income | Add +10.8% | 14.03% | −0.52 |
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 |