Cobblestone Capital Advisors LLC

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 12, 2025), Cobblestone Capital Advisors LLC reported 303 stock positions worth $2.1 billion. Its top holding was iShares Core Intl Stock ETF (IXUS) at 8.8% of the portfolio, followed by iShares Core S&P Total U.S. (ITOT, 8.6%) and iShares US Treasury Bond ETF (GOVT, 5.5%). Compared with Q2 2025, it opened 10 new positions, sold out of 8, added to 106 and reduced 110. The biggest buy was iShares Core S&P Total U.S. (ITOT, shares +2%) and the biggest sale iShares US Treasury Bond ETF (GOVT, shares −2%).

Most Recent 13F
Q3 2025
Location
ROCHESTER, NY
CIK
0001033505
Portfolio Value
$2.1B (Q3 2025)
SEC Filing
0001033505-25-000018 ↗ filed Nov 12, 2025

Holdings Value

0$500.0M$1.0B$1.5B$2.0B$2.5B Q1 2024: $1.6B Q1 2024 Q2 2024: $1.6B Q2 2024 Q3 2024: $1.8B Q3 2024 Q4 2024: $1.8B Q4 2024 Q1 2025: $1.8B Q1 2025 Q2 2025: $2.0B Q2 2025 Q3 2025: $2.1B $2.1B Q3 2025

Holdings 303 stocks · $2.1B

IXUS iShares Core Intl Stock ETF 8.84% 2,229,835 $184.1M Add +0.8%
ITOT iShares Core S&P Total U.S. 8.58% 1,227,179 $178.7M Add +1.9%
GOVT iShares US Treasury Bond ETF 5.48% 4,937,659 $114.2M Reduce -2.1%
AAPL Apple Inc. 4.17% 340,764 $86.8M Reduce -1.4%
DFAX Dimensional World Ex US Core 4.16% 2,762,854 $86.7M Add +0.4%
MSFT Microsoft Corp. 3.13% 125,801 $65.2M Reduce -0.8%
AMZN Amazon.com Inc. 3.07% 291,136 $63.9M Reduce -1.6%
GOOG Alphabet Inc. Class C 2.91% 248,763 $60.6M Reduce -1.1%
NVDA Nvidia Corp. 2.81% 313,274 $58.5M Reduce -0.6%
JVAL JPMorgan US Value Factor ETF 2.75% 1,206,529 $57.3M Add +1.4%
VXF Vanguard Extended Market ETF 2.35% 233,545 $48.9M Add +0.7%
IEMG iShares Core MSCI Emerging 2.29% 724,616 $47.8M Add +1.0%
DMBS Doubleline Mortgage ETF 2.28% 954,379 $47.4M Add +0.4%
BRK.B Berkshire Hathaway Inc. Class B 2.26% 93,729 $47.1M Add +0.4%
IEF iShares 7-10 Year Treasury B 2.15% 464,647 $44.8M Add +0.1%
MKL Markel Group Inc. 1.84% 19,997 $38.2M Reduce -0.0%
V Visa Inc. Class A 1.72% 105,182 $35.9M Reduce -0.0%
VTI VG Morningstar TS MKT ETF-US 1.47% 93,337 $30.6M Reduce -1.0%
MCO Moody's Corp. 1.35% 58,905 $28.1M Reduce -0.1%
MTUM iShares MSCI USA Momentum Fa 1.15% 93,509 $24.0M Reduce -0.6%
SPY SS SPDR S&P 500 ETF Trust-US 1.11% 34,642 $23.1M Reduce -0.3%
BN Brookfield Corp. 1.10% 332,728 $22.8M Reduce -0.9%
AXP American Express Co. 1.08% 67,740 $22.5M Reduce -0.5%
SCHB Schwab US Broad Market ETF 1.01% 817,820 $21.0M Reduce -0.5%
RSG Republic Services Inc. 0.97% 87,956 $20.2M Add +0.4%
CPRT Copart Inc. 0.88% 406,844 $18.3M Reduce -0.6%
CNI Canadian Natl Railway Co. 0.87% 192,355 $18.1M Add +0.3%
JKHY Jack Henry & Associates Inc. filed as HENRY JACK & ASSOC INC 0.87% 121,097 $18.0M Reduce -2.7%
GOOGL Alphabet Inc. Class A 0.84% 72,359 $17.6M Reduce -0.8%
PCOR Procore Technologies Inc. 0.82% 235,111 $17.1M Add +0.7%
PEP Pepsico Inc. 0.78% 115,641 $16.2M Reduce -0.3%
ORLY O'reilly Automotive Inc. 0.78% 150,322 $16.2M Add +0.4%
CWI State Street SPDR MSCI Acwi 0.77% 456,230 $15.9M Reduce -1.7%
IDXX Idexx Laboratories Inc. 0.76% 24,765 $15.8M Reduce -0.2%
COST Costco Wholesale Corp. 0.72% 16,294 $15.1M Reduce -0.5%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.70% 100,538 $14.5M Add +0.1%
VOO Vanguard S&P 500 ETF 0.66% 22,478 $13.8M Reduce -2.7%
BRK.A Berkshire Hathaway Inc. Class A 0.65% 18 $13.6M No change
BNL Broadstone Net Lease Inc. 0.64% 744,528 $13.3M Add +5.5%
SCHX Schwab US Large-Cap ETF 0.63% 498,111 $13.1M Reduce -1.6%
AMT American Tower Corp. 0.56% 60,589 $11.7M Reduce -0.4%
DEO Diageo PLC-Sponsored ADR 0.55% 120,288 $11.5M Reduce -5.6%
FNDX Schwab Fndmntl US LRG Co. ETF 0.52% 410,994 $10.8M Reduce -1.4%
JPST JPMorgan Ultra-Short Income 0.51% 210,276 $10.7M Reduce -2.9%
GHM Graham Corp. 0.49% 187,289 $10.3M No change
WFC Wells Fargo & Co. 0.48% 120,159 $10.1M Reduce -4.6%
VGIT Vanguard Intermediate-Term T 0.48% 164,857 $9.9M Add +54.1%
CVS CVS Health Corp. 0.47% 129,937 $9.8M Add +0.4%
AGG iShares Core U.S. Aggregate 0.41% 84,352 $8.5M Add +45.9%
IWM iShares Russell 2000 ETF 0.38% 32,691 $7.9M Add +22.5%
PG The Procter & Gamble Co. 0.38% 51,407 $7.9M Reduce -0.5%
PAYX Paychex Inc. 0.30% 49,767 $6.3M Reduce -1.7%
JPM JPMorgan Chase & Co. 0.30% 19,514 $6.2M Add +0.8%
XOM Exxon Mobil Corp. 0.26% 48,225 $5.4M Add +0.3%
SPTS SS SPDR P St Term TSY ETF 0.25% 178,407 $5.2M Add +1.5%
CVX Chevron Corp. 0.25% 33,028 $5.1M Add +0.8%
IAU iShares Gold Trust 0.24% 69,642 $5.1M No change
SHOP Shopify Inc. Class A 0.24% 34,047 $5.1M Reduce -11.3%
JNJ Johnson & Johnson 0.24% 27,271 $5.1M Reduce -0.3%
BND Vanguard Total Bond Market 0.24% 67,765 $5.0M Add +1.3%
NFG National Fuel Gas Co. 0.20% 46,143 $4.3M No change
SUSA iShares ESG Optimized MSCI U 0.20% 30,912 $4.2M Reduce -0.2%
VMBS Vanguard Mortgage-Backed Sec 0.18% 77,720 $3.6M Add +125.9%
SCHR Schwab Intermediate-Term US 0.17% 144,533 $3.6M Add +0.9%
GLW Corning Inc. 0.16% 39,507 $3.2M Reduce -2.1%
SCHE Schwab Emrg Mrkts Eqty ETF 0.15% 95,921 $3.2M Reduce -2.5%
EPD Enterprise Products Partners 0.15% 96,916 $3.0M Add +0.0%
ORCL Oracle Corp. 0.14% 10,609 $3.0M Reduce -6.1%
QVMS Invesco S&P Smallcap 600 QVM 0.14% 105,588 $3.0M Add +1.6%
MRK Merck & Co. Inc. 0.14% 35,005 $2.9M Add +0.3%
SCHA Schwab US Small-Cap ETF 0.14% 104,495 $2.9M Add +0.2%
IJR iShares Core S&P Small-Cap E 0.13% 23,144 $2.8M Add +3.7%
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.13% 25,180 $2.7M Add +0.9%
IGSB iShares 1-5Y Inv Grade Corp. 0.13% 50,485 $2.7M Add +14.0%
MBB iShares MBS ETF 0.13% 27,616 $2.6M Add +9.1%
IDEV iShares Core MSCI Dev MKTS 0.12% 32,205 $2.6M No change
ACWX iShares MSCI Acwi Ex US ETF 0.12% 39,568 $2.6M Reduce -1.3%
IVV iShares Core S&P 500 ETF 0.12% 3,813 $2.6M Reduce -7.2%
USFR Wisdomtree Floating Rate Tre 0.12% 50,589 $2.5M Add +2.1%
ABBV Abbvie Inc. 0.12% 10,598 $2.5M No change
META Meta Platforms Inc. Class A 0.12% 3,299 $2.4M Reduce -1.2%
ET Energy Transfer LP 0.11% 135,393 $2.3M No change
VEU Vanguard Ftse All-World Ex-U 0.11% 32,294 $2.3M No change
PSX Phillips 66 0.11% 16,926 $2.3M Add +0.5%
MA Mastercard Inc. Class A 0.11% 3,940 $2.2M Add +2.9%
SCHO Schwab Short-Term US Treas 0.11% 91,230 $2.2M Reduce -8.3%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.10% 41,518 $2.1M Add +1.0%
SPMB SS SPDR P Mort Back Bond ETF 0.10% 93,645 $2.1M Add +3.9%
WPM Wheaton Precious Metals Corp. 0.10% 18,174 $2.0M Add +1.2%
NEE Nextera Energy Inc. 0.10% 26,847 $2.0M Reduce -0.8%
MCD McDonald's Corp. 0.10% 6,516 $2.0M Add +0.3%
KO The Coca-Cola Co. 0.09% 29,473 $2.0M Add +2.7%
CAT Caterpillar Inc. 0.09% 4,062 $1.9M No change
EMR Emerson Electric Co. 0.09% 14,364 $1.9M No change
HD Home Depot Inc. 0.09% 4,627 $1.9M Reduce -1.4%
RTX RTX Corp. 0.09% 10,934 $1.8M Reduce -0.4%
SPBO SS SPDR P Corp. Bond ETF 0.09% 61,250 $1.8M No change
IWO iShares Russell 2000 Growth 0.09% 5,651 $1.8M No change
GE General Electric filed as GE AEROSPACE 0.08% 5,802 $1.7M Add +0.5%
VWO Vanguard Ftse Emerging Marke 0.08% 31,734 $1.7M Add +0.6%

Show all 303 holdings

Other holdings (1): bonds, preferreds, convertibles and warrants · $352 (not counted above)
SecurityClassShares / PrincipalValueChange
SLXNW Biomotion Sciences-CW29 *W EXP 08/15/202 10,000$352No change

Total filed on the 13F, all lines: $2.1B.

Portfolio Sells Q2 2025 → Q3 2025

GOVT iShares US Treasury Bond ETF Reduce -2.1% 5.48% −0.45
JKHY Jack Henry & Associates Inc. Reduce -2.7% 0.87% −0.28
AMZN Amazon.com Inc. Reduce -1.6% 3.07% −0.25
MKL Markel Group Inc. Reduce -0.0% 1.84% −0.21
V Visa Inc. Class A Reduce -0.0% 1.72% −0.19
MCO Moody's Corp. Reduce -0.1% 1.35% −0.17
CPRT Copart Inc. Reduce -0.6% 0.88% −0.15
AMT American Tower Corp. Reduce -0.4% 0.56% −0.13
DEO Diageo PLC-Sponsored ADR Reduce -5.6% 0.55% −0.11
COST Costco Wholesale Corp. Reduce -0.5% 0.72% −0.11
MSFT Microsoft Corp. Reduce -0.8% 3.13% −0.10
PAYX Paychex Inc. Reduce -1.7% 0.30% −0.07
JPST JPMorgan Ultra-Short Income Reduce -2.9% 0.51% −0.05
PG The Procter & Gamble Co. Reduce -0.5% 0.38% −0.04
WFC Wells Fargo & Co. Reduce -4.6% 0.48% −0.03
AXP American Express Co. Reduce -0.5% 1.08% −0.03
IYY iShares Dow Jones U.S. ETF Sold out 0.00% −0.02
SCHO Schwab Short-Term US Treas Reduce -8.3% 0.11% −0.02
STZ Constellation Brands Inc. Class A Reduce -4.4% 0.04% −0.01
NVO Novo-Nordisk A/S-Spons ADR Sold out 0.00% −0.01
SDY SS SPDR S&P Dividend ETF Sold out 0.00% −0.01
CMCSA Comcast Corp. Class A Reduce -0.9% 0.06% −0.01
FISV Fiserv Inc. Sold out 0.00% −0.01
SCHZ Schwab US Aggregate Bond ETF Sold out 0.00% −0.01
CWI State Street SPDR MSCI Acwi Reduce -1.7% 0.77% −0.01
SYK Stryker Corp. Reduce -0.3% 0.08% −0.01
UPS United Parcel Service Class B Sold out 0.00% −0.01
AMP Ameriprise Financial Inc. Sold out 0.00% −0.01
VOO Vanguard S&P 500 ETF Reduce -2.7% 0.66% −0.01
DIS The Walt Disney Co. Reduce -1.8% 0.06% −0.01
CAH Cardinal Health Inc. Sold out 0.00% −0.01
INTU Intuit Inc. Reduce -17.4% 0.02% −0.01
META Meta Platforms Inc. Class A Reduce -1.2% 0.12% −0.01
ADBE Adobe Inc. Reduce -5.7% 0.04% −0.01
ACN Accenture PLC Class A Reduce -0.8% 0.03% −0.01
LLY Eli Lilly & Co. Reduce -6.0% 0.06% −0.01
IVV iShares Core S&P 500 ETF Reduce -7.2% 0.12% −0.01
PM Philip Morris International Reduce -0.6% 0.04% −0.01
CB Chubb Ltd. Reduce -20.0% 0.02% −0.01
TOTL SS Doubleline TR Tact ETF Reduce -5.6% 0.06% −0.01
MINT PIMCO Enhanced Short Maturit Reduce -3.7% 0.06% −0.01
MTUM iShares MSCI USA Momentum Fa Reduce -0.6% 1.15% −0.01
CCK Crown Holdings Inc. Reduce -0.2% 0.04% −0.01
FNDX Schwab Fndmntl US LRG Co. ETF Reduce -1.4% 0.52% −0.00
NKE Nike Inc. Class B Reduce -1.0% 0.05% −0.00
UNH Unitedhealth Group Inc. Reduce -12.4% 0.05% −0.00
PEP Pepsico Inc. Reduce -0.3% 0.78% −0.00
PFE Pfizer Inc. Reduce -5.7% 0.05% −0.00
WEN The Wendy's Co. Reduce -4.8% 0.01% −0.00
VXUS Vanguard Total Intl Stock Reduce -5.5% 0.06% −0.00

Portfolio Buys Q2 2025 → Q3 2025

ITOT iShares Core S&P Total U.S. Add +1.9% 8.58% +0.26
VGIT Vanguard Intermediate-Term T Add +54.1% 0.48% +0.15
AGG iShares Core U.S. Aggregate Add +45.9% 0.41% +0.11
VMBS Vanguard Mortgage-Backed Sec Add +125.9% 0.18% +0.09
IEMG iShares Core MSCI Emerging Add +1.0% 2.29% +0.09
ORLY O'reilly Automotive Inc. Add +0.4% 0.78% +0.09
IWM iShares Russell 2000 ETF Add +22.5% 0.38% +0.09
IXUS iShares Core Intl Stock ETF Add +0.8% 8.84% +0.08
TJX TJX Companies Inc. Add +0.1% 0.70% +0.06
TFC Truist Financial Corp. New 0.06% +0.06
VXF Vanguard Extended Market ETF Add +0.7% 2.35% +0.06
BNL Broadstone Net Lease Inc. Add +5.5% 0.64% +0.06
JVAL JPMorgan US Value Factor ETF Add +1.4% 2.75% +0.06
JMUB JPMorgan Municipal ETF New 0.03% +0.03
DFAX Dimensional World Ex US Core Add +0.4% 4.16% +0.02
BE Bloom Energy Corp. Class A New 0.02% +0.02
NEM Newmont Corp. New 0.02% +0.02
BNY Bank of New York Mellon Corp. Add +0.9% 0.13% +0.02
WPM Wheaton Precious Metals Corp. Add +1.2% 0.10% +0.02
CVS CVS Health Corp. Add +0.4% 0.47% +0.01
IONQ Ionq Inc. New 0.01% +0.01
NYF iShares New York Muni Bond E New 0.01% +0.01
SYY Sysco Corp. New 0.01% +0.01
IWS iShares Russell Mid-Cap Valu New 0.01% +0.01
TRP TC Energy Corp. New 0.01% +0.01
VFQY Vanguard U.S. Quality Factor New 0.01% +0.01
IGSB iShares 1-5Y Inv Grade Corp. Add +14.0% 0.13% +0.01
JPM JPMorgan Chase & Co. Add +0.8% 0.30% +0.01
GE General Electric Add +0.5% 0.08% +0.01
PSX Phillips 66 Add +0.5% 0.11% +0.01
IJR iShares Core S&P Small-Cap E Add +3.7% 0.13% +0.01
INTC Intel Corp. Add +5.8% 0.02% +0.01
TMO Thermo Fisher Scientific Inc. Add +2.6% 0.05% +0.01
XLP SS Consumer Staples Sel Sect Add +64.2% 0.02% +0.01
TSM Taiwan Semiconductor-SP ADR Add +5.3% 0.04% +0.01
CVX Chevron Corp. Add +0.8% 0.25% +0.01
SLV iShares Silver Trust Add +7.3% 0.03% +0.01
CRH CRH PLC Add +0.1% 0.03% +0.01
PCOR Procore Technologies Inc. Add +0.7% 0.82% +0.01
LHX L3HARRIS Technologies Inc. Add +3.0% 0.04% +0.01
QVMS Invesco S&P Smallcap 600 QVM Add +1.6% 0.14% +0.00
SCHA Schwab US Small-Cap ETF Add +0.2% 0.14% +0.00
MBB iShares MBS ETF Add +9.1% 0.13% +0.00
BLK BlackRock Inc. Add +4.5% 0.05% +0.00
GD General Dynamics Corp. Add +20.6% 0.02% +0.00
BAC Bank of America Corp. Add +1.0% 0.10% +0.00
VWO Vanguard Ftse Emerging Marke Add +0.6% 0.08% +0.00
SBUX Starbucks Corp. Add +29.7% 0.02% +0.00
NSC Norfolk Southern Corp. Add +1.9% 0.02% +0.00
ESGE iShares Inc. iShares ESG Awar Add +0.5% 0.04% +0.00

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q3 2025 303$2.1BIXUS, ITOT, GOVT, AAPL, DFAX
Q2 2025 301$2.0BIXUS, ITOT, GOVT, DFAX, AAPL
Q1 2025 292$1.8BIXUS, ITOT, GOVT, AAPL, DFAX
Q4 2024 293$1.8BITOT, IXUS, GOVT, AAPL, AMZN
Q3 2024 286$1.8BIXUS, ITOT, GOVT, AAPL, DFAX
Q2 2024 277$1.6BIXUS, ITOT, GOVT, AAPL, DFAX
Q1 2024 280$1.6BIXUS, ITOT, GOVT, DFAX, AAPL