Cobblestone Asset Management LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 15, 2026), Cobblestone Asset Management LLC reported 70 stock positions worth $222.8 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, 6.6%) and SS SPDR P S&P 500 Value ETF (SPYV, 6.2%). Compared with Q3 2025, it opened 3 new positions, sold out of 7, added to 37 and reduced 21. The biggest buy was SS SPDR P S&P 500 Value ETF (SPYV, shares +44%) and the biggest sale JPMorgan US Quality Factor (JQUA, shares −47%).
- Most Recent 13F
- Q2 2026
- Location
- RICHMOND, VA
- CIK
- 0001994512
- Portfolio Value
- $222.8M (Q4 2025)
- SEC Filing
- 0001994512-26-000001 ↗ filed Jan 15, 2026
Holdings Value
Holdings 70 stocks · $222.8M
| JPST JPMorgan Ultra-Short Income | 13.97% | 615,378 | $31.1M | Add +1.7% |
| IVV iShares Core S&P 500 ETF | 6.57% | 21,359 | $14.6M | Add +0.7% |
| SPYV SS SPDR P S&P 500 Value ETF | 6.20% | 243,084 | $13.8M | Add +44.0% |
| DYNF Ishrs US E F R A ETF-Usd Inc. | 5.78% | 211,765 | $12.9M | Reduce -0.0% |
| SPYG SS SPDR P S&P 500 Growth ETF | 4.87% | 101,718 | $10.9M | Add +1.3% |
| SPEM State Street SP PTF Em ETF | 4.87% | 231,738 | $10.8M | Add +25.8% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 4.21% | 116,867 | $9.4M | Reduce -1.4% |
| OEF iShares S&P 100 ETF | 4.13% | 26,806 | $9.2M | Reduce -0.2% |
| JBND JPMorgan Active Bond ETF | 4.12% | 169,557 | $9.2M | Reduce -0.1% |
| IVLU iShares MSCI International V | 3.74% | 218,868 | $8.3M | Reduce -15.6% |
| TLH iShares 10-20 Year Treasury | 2.93% | 64,235 | $6.5M | Reduce -1.6% |
| MBB iShares MBS ETF | 2.61% | 61,084 | $5.8M | Add +4.8% |
| BAI Ishrs AI in and Tech Act ETF | 2.32% | 155,372 | $5.2M | Add +5.9% |
| JQUA JPMorgan US Quality Factor | 2.29% | 80,813 | $5.1M | Reduce -47.2% |
| SPMO Invesco S&P 500 Momentum ETF | 2.28% | 42,621 | $5.1M | Add +64.2% |
| IBIT iShares Bitcoin Trust ETF | 2.21% | 99,332 | $4.9M | Add +4.0% |
| THRO iShares U.S. Thematic Rotati | 2.13% | 123,212 | $4.8M | Add +1.7% |
| BINC iShares Flex I A ETF-Usd Inc. | 1.94% | 81,703 | $4.3M | Add +4.5% |
| IAGG iShares Intl Aggregate Bond | 1.83% | 81,447 | $4.1M | Add +3.2% |
| IAU iShares Gold Trust | 1.73% | 47,356 | $3.8M | Reduce -7.2% |
| AAPL Apple Inc. | 1.03% | 8,470 | $2.3M | Add +7.0% |
| ITA iShares U.S. Aerospace & Def | 0.93% | 9,682 | $2.1M | Reduce -0.8% |
| EZA iShares MSCI South Africa Et | 0.92% | 29,920 | $2.1M | Add +41.6% |
| COIN Coinbase Global Inc. Class A | 0.89% | 8,804 | $2.0M | Add +22.6% |
| PSLV Sprott Physical Silver Trust | 0.88% | 82,565 | $2.0M | Reduce -0.9% |
| PM Philip Morris International | 0.81% | 11,191 | $1.8M | No change |
| ETHA iShares Ethereum Trust ETF | 0.79% | 78,398 | $1.8M | Add +1.6% |
| VWOB Vanguard Emerg MKTS Gov BND | 0.66% | 21,775 | $1.5M | Add +3.5% |
| ECH iShares MSCI Chile ETF | 0.65% | 35,721 | $1.4M | Reduce -6.5% |
| EPOL iShares MSCI Poland ETF | 0.63% | 40,079 | $1.4M | Add +0.8% |
| NEU Newmarket Corp. | 0.62% | 2,000 | $1.4M | No change |
| EWZ iShares MSCI Brazil ETF | 0.58% | 40,505 | $1.3M | Reduce -36.0% |
| JVAL JPMorgan US Value Factor ETF | 0.57% | 25,747 | $1.3M | Add +2.0% |
| CSX CSX Corp. | 0.56% | 34,714 | $1.3M | Add +0.3% |
| JGRO JPMorgan Active Growth ETF | 0.54% | 12,974 | $1.2M | Add +16.4% |
| BMY Bristol-Myers Squibb Co. | 0.52% | 21,472 | $1.2M | Reduce -5.4% |
| GOVT iShares US Treasury Bond ETF | 0.44% | 43,037 | $991K | Add +3.6% |
| BBAG JPMorgan Betabuilders US Agg | 0.41% | 19,543 | $907K | Add +5.4% |
| BKLN Invesco Senior Loan ETF | 0.39% | 41,030 | $862K | Add +72.8% |
| JOBY Joby Aviation Inc. | 0.38% | 64,810 | $855K | Add +0.6% |
| MSFT Microsoft Corp. | 0.38% | 1,739 | $841K | Add +6.4% |
| JPIE JPMorgan Income ETF | 0.36% | 17,122 | $793K | Add +86.8% |
| EWM iShares MSCI Malaysia ETF | 0.31% | 25,224 | $690K | Add +0.1% |
| EWI iShares MSCI Italy ETF | 0.31% | 12,698 | $690K | Add +2.5% |
| EWW iShares MSCI Mexico ETF | 0.31% | 9,851 | $683K | Add +1.7% |
| EWQ iShares MSCI France ETF | 0.30% | 15,026 | $676K | New |
| EWJ iShares MSCI Japan ETF | 0.29% | 8,136 | $657K | New |
| INDA iShares MSCI India ETF | 0.29% | 12,115 | $655K | Add +1.7% |
| MO Altria Group Inc. | 0.29% | 11,091 | $639K | Add +3.8% |
| SYSB iShares Systematic Bond ETF | 0.28% | 6,938 | $623K | New |
| PHYS Sprott Physical Gold Trust | 0.26% | 17,230 | $569K | Reduce -1.7% |
| INTC Intel Corp. | 0.25% | 14,941 | $551K | No change |
| TSLA Tesla Inc. | 0.22% | 1,087 | $489K | Add +0.1% |
| BBIN JPM Betabuilders Intl Eqty filed as J P MORGAN EXCHANGE TRADED F | 0.22% | 6,706 | $485K | Reduce -12.0% |
| NIO Nio Inc. - ADR | 0.21% | 90,748 | $463K | Add +1.3% |
| GNL Global Net Lease Inc. | 0.17% | 44,945 | $387K | No change |
| PLTR Palantir Technologies Inc. Class A | 0.17% | 2,135 | $379K | Reduce -5.1% |
| NVDA Nvidia Corp. | 0.15% | 1,846 | $344K | Reduce -9.5% |
| ICVT iShares Convertible Bond ETF | 0.14% | 3,127 | $308K | Add +33.5% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.13% | 1,000 | $296K | No change |
| D Dominion Energy Inc. | 0.13% | 5,021 | $294K | Reduce -24.2% |
| AMZN Amazon.com Inc. | 0.13% | 1,246 | $288K | Reduce -31.3% |
| JPM JPMorgan Chase & Co. | 0.12% | 804 | $259K | No change |
| B Barrick Mining Corp. | 0.11% | 5,835 | $254K | Reduce -5.7% |
| PLUG Plug Power Inc. | 0.11% | 119,479 | $235K | Add +3.5% |
| GLD SPDR Gold Shares | 0.10% | 579 | $229K | No change |
| MCK McKesson Corp. | 0.10% | 276 | $226K | No change |
| FBTC Fidelity Wise Origin Bitcoin | 0.09% | 2,704 | $206K | No change |
| MP MP Materials Corp. | 0.09% | 3,970 | $201K | Reduce -5.5% |
| ACB Aurora Cannabis Inc. | 0.05% | 25,450 | $107K | Add +18.6% |
Portfolio Sells Q3 2025 → Q4 2025
| JQUA JPMorgan US Quality Factor | Reduce -47.2% | 2.29% | −2.11 |
| IVLU iShares MSCI International V | Reduce -15.6% | 3.74% | −0.47 |
| VTIP Vanguard Short-Term Tips | Sold out | 0.00% | −0.36 |
| EWZ iShares MSCI Brazil ETF | Reduce -36.0% | 0.58% | −0.32 |
| EWN iShares MSCI Netherlands ETF | Sold out | 0.00% | −0.31 |
| EWY iShares MSCI South Korea ETF | Sold out | 0.00% | −0.29 |
| EFG iShares MSCI Eafe Growth ETF | Sold out | 0.00% | −0.15 |
| TLH iShares 10-20 Year Treasury | Reduce -1.6% | 2.93% | −0.14 |
| BE Bloom Energy Corp. Class A | Sold out | 0.00% | −0.12 |
| KO The Coca-Cola Co. | Sold out | 0.00% | −0.12 |
| JBND JPMorgan Active Bond ETF | Reduce -0.1% | 4.12% | −0.09 |
| D Dominion Energy Inc. | Reduce -24.2% | 0.13% | −0.05 |
| AMZN Amazon.com Inc. | Reduce -31.3% | 0.13% | −0.05 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Reduce -1.4% | 4.21% | −0.04 |
| MP MP Materials Corp. | Reduce -5.5% | 0.09% | −0.04 |
| POLESTAR AUTOMOTIVE HLDG UK | Sold out | 0.00% | −0.03 |
| BBIN JPM Betabuilders Intl Eqty | Reduce -12.0% | 0.22% | −0.03 |
| NVDA Nvidia Corp. | Reduce -9.5% | 0.15% | −0.02 |
| PLTR Palantir Technologies Inc. Class A | Reduce -5.1% | 0.17% | −0.02 |
| ITA iShares U.S. Aerospace & Def | Reduce -0.8% | 0.93% | −0.00 |
| PHYS Sprott Physical Gold Trust | Reduce -1.7% | 0.26% | +0.02 |
| B Barrick Mining Corp. | Reduce -5.7% | 0.11% | +0.02 |
| IAU iShares Gold Trust | Reduce -7.2% | 1.73% | +0.03 |
| OEF iShares S&P 100 ETF | Reduce -0.2% | 4.13% | +0.04 |
| DYNF Ishrs US E F R A ETF-Usd Inc. | Reduce -0.0% | 5.78% | +0.05 |
| BMY Bristol-Myers Squibb Co. | Reduce -5.4% | 0.52% | +0.05 |
| ECH iShares MSCI Chile ETF | Reduce -6.5% | 0.65% | +0.07 |
| PSLV Sprott Physical Silver Trust | Reduce -0.9% | 0.88% | +0.28 |
Portfolio Buys Q3 2025 → Q4 2025
| SPYV SS SPDR P S&P 500 Value ETF | Add +44.0% | 6.20% | +1.93 |
| SPEM State Street SP PTF Em ETF | Add +25.8% | 4.87% | +0.93 |
| SPMO Invesco S&P 500 Momentum ETF | Add +64.2% | 2.28% | +0.85 |
| EZA iShares MSCI South Africa Et | Add +41.6% | 0.92% | +0.30 |
| EWQ iShares MSCI France ETF | New | 0.30% | +0.30 |
| EWJ iShares MSCI Japan ETF | New | 0.29% | +0.29 |
| SYSB iShares Systematic Bond ETF | New | 0.28% | +0.28 |
| JPIE JPMorgan Income ETF | Add +86.8% | 0.36% | +0.16 |
| BKLN Invesco Senior Loan ETF | Add +72.8% | 0.39% | +0.16 |
| AAPL Apple Inc. | Add +7.0% | 1.03% | +0.11 |
| MBB iShares MBS ETF | Add +4.8% | 2.61% | +0.07 |
| SPYG SS SPDR P S&P 500 Growth ETF | Add +1.3% | 4.87% | +0.07 |
| IVV iShares Core S&P 500 ETF | Add +0.7% | 6.57% | +0.07 |
| JGRO JPMorgan Active Growth ETF | Add +16.4% | 0.54% | +0.06 |
| EPOL iShares MSCI Poland ETF | Add +0.8% | 0.63% | +0.05 |
| THRO iShares U.S. Thematic Rotati | Add +1.7% | 2.13% | +0.03 |
| BINC iShares Flex I A ETF-Usd Inc. | Add +4.5% | 1.94% | +0.03 |
| ICVT iShares Convertible Bond ETF | Add +33.5% | 0.14% | +0.03 |
| BAI Ishrs AI in and Tech Act ETF | Add +5.9% | 2.32% | +0.03 |
| JVAL JPMorgan US Value Factor ETF | Add +2.0% | 0.57% | +0.02 |
| EWI iShares MSCI Italy ETF | Add +2.5% | 0.31% | +0.02 |
| VWOB Vanguard Emerg MKTS Gov BND | Add +3.5% | 0.66% | +0.02 |
| BBAG JPMorgan Betabuilders US Agg | Add +5.4% | 0.41% | +0.01 |
| EWM iShares MSCI Malaysia ETF | Add +0.1% | 0.31% | +0.01 |
| INDA iShares MSCI India ETF | Add +1.7% | 0.29% | +0.01 |
| GOVT iShares US Treasury Bond ETF | Add +3.6% | 0.44% | +0.01 |
| EWW iShares MSCI Mexico ETF | Add +1.7% | 0.31% | +0.00 |
| CSX CSX Corp. | Add +0.3% | 0.56% | +0.00 |
| TSLA Tesla Inc. | Add +0.1% | 0.22% | −0.00 |
| MSFT Microsoft Corp. | Add +6.4% | 0.38% | −0.01 |
| ACB Aurora Cannabis Inc. | Add +18.6% | 0.05% | −0.01 |
| PLUG Plug Power Inc. | Add +3.5% | 0.11% | −0.02 |
| IAGG iShares Intl Aggregate Bond | Add +3.2% | 1.83% | −0.02 |
| MO Altria Group Inc. | Add +3.8% | 0.29% | −0.04 |
| JPST JPMorgan Ultra-Short Income | Add +1.7% | 13.97% | −0.06 |
| JOBY Joby Aviation Inc. | Add +0.6% | 0.38% | −0.09 |
| NIO Nio Inc. - ADR | Add +1.3% | 0.21% | −0.10 |
| COIN Coinbase Global Inc. Class A | Add +22.6% | 0.89% | −0.21 |
| ETHA iShares Ethereum Trust ETF | Add +1.6% | 0.79% | −0.32 |
| IBIT iShares Bitcoin Trust ETF | Add +4.0% | 2.21% | −0.62 |
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 |