Coldstream Capital Management Inc.
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 9, 2026), Coldstream Capital Management Inc. reported 1,160 stock positions worth $7.7 billion. Its top holding was iShares Core S&P 500 ETF (IVV) at 7.0% of the portfolio, followed by Dimensional International (DFAI, 5.4%) and Microsoft (MSFT, 5.0%). Compared with Q3 2025, it opened 64 new positions, sold out of 120, added to 429 and reduced 620. The biggest buy was Microsoft (MSFT, shares +54%) and the biggest sale Berkshire Hathaway Class A (BRK.A, shares −46%).
- Most Recent 13F
- Q2 2026
- Location
- BELLEVUE, WA
- CIK
- 0001082339
- Portfolio Value
- $7.7B (Q4 2025)
- SEC Filing
- 0001082339-26-000002 ↗ filed Feb 9, 2026
Holdings Value
Holdings 1,160 stocks · $7.7B
| IVV iShares Core S&P 500 ETF | 6.96% | 781,814 | $535.5M | Add +4.2% |
| DFAI Dimensional International Co. | 5.45% | 11,001,558 | $419.3M | Reduce -0.7% |
| MSFT Microsoft Corp. | 4.96% | 789,112 | $381.6M | Add +54.0% |
| VTV Vanguard Mrngstr Val ETF-Aui | 4.29% | 1,729,977 | $330.4M | Add +2.3% |
| VUG Vanguard Mrngstar GR ETF-Sui | 3.96% | 625,220 | $305.0M | Reduce -3.0% |
| HEFA Isha Curr Hedged MSCI Eafe | 3.04% | 5,656,741 | $234.0M | Add +2.7% |
| VOO Vanguard S&P 500 ETF | 2.96% | 363,127 | $227.7M | Add +0.9% |
| QUAL iShares MSCI USA Quality Fac | 2.78% | 1,076,830 | $213.9M | Add +3.1% |
| IEF iShares 7-10 Year Treasury B | 2.48% | 1,983,958 | $190.8M | Reduce -1.3% |
| REGL Prshrs S&P Mid 400 DVD Arist | 2.30% | 2,100,534 | $176.9M | Reduce -6.9% |
| AAPL Apple Inc. | 2.25% | 636,854 | $173.1M | Add +6.3% |
| VEA Vanguard Ftse Developed ETF | 2.08% | 2,562,638 | $160.1M | Reduce -2.9% |
| DFLV Dim US Large Cap Value ETF | 1.97% | 4,440,601 | $151.9M | Add +4.4% |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | 1.85% | 452,584 | $142.5M | Reduce -1.2% |
| NVDA Nvidia Corp. | 1.82% | 752,943 | $140.4M | Add +4.7% |
| DFAE Dimensional Emerging Core Eq | 1.82% | 4,293,101 | $139.8M | Reduce -4.3% |
| AGG iShares Core U.S. Aggregate | 1.65% | 1,274,200 | $127.3M | Reduce -1.1% |
| AMZN Amazon.com Inc. | 1.30% | 432,823 | $99.9M | Add +8.8% |
| VGIT Vanguard Intermediate-Term T | 1.11% | 1,423,400 | $85.3M | Add +1.4% |
| VGSH Vanguard Short-Term Treasury | 1.07% | 1,400,031 | $82.2M | Add +27.8% |
| VB Vanguard Most SM-Cap ETF-Usd | 1.05% | 313,309 | $80.8M | Add +0.7% |
| IJH iShares Core S&P Midcap ETF | 1.01% | 1,173,446 | $77.4M | Add +9.5% |
| IWB iShares Russell 1000 ETF | 0.97% | 200,295 | $74.8M | Reduce -2.8% |
| DFSV Dimensional US Small Cap Val | 0.94% | 2,194,002 | $72.2M | Reduce -2.9% |
| SMMD iShares Russell 2500 ETF | 0.83% | 847,846 | $63.5M | Reduce -7.4% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.79% | 81 | $61.1M | Reduce -46.4% |
| MUB iShares National Muni Bond E | 0.76% | 544,186 | $58.3M | Add +1.4% |
| GOOGL Alphabet Inc. Class A | 0.68% | 167,485 | $52.4M | Add +0.1% |
| VTI VG Morningstar TS MKT ETF-US | 0.67% | 154,872 | $51.9M | Add +10.6% |
| GOOG Alphabet Inc. Class C | 0.67% | 164,788 | $51.7M | Add +5.4% |
| AVGO Broadcom Inc. | 0.62% | 138,077 | $47.8M | Add +0.6% |
| META Meta Platforms Inc. Class A | 0.62% | 72,030 | $47.5M | Add +0.8% |
| LLY Eli Lilly & Co. | 0.61% | 43,571 | $46.8M | Add +2.7% |
| SDY SS SPDR S&P Dividend ETF | 0.59% | 325,101 | $45.2M | Add +45.4% |
| IEFA iShares Core MSCI Eafe ETF | 0.56% | 481,323 | $43.1M | Add +3.0% |
| VXF Vanguard Extended Market ETF | 0.53% | 196,301 | $41.1M | Reduce -17.6% |
| LRCX Lam Research Corp. | 0.49% | 219,496 | $37.6M | Reduce -11.8% |
| BNDX Vanguard Total Intl Bond ETF | 0.48% | 766,885 | $37.1M | Add +1.1% |
| SGOV iShares 0-3 Month Treasury B | 0.47% | 362,246 | $36.4M | Add +2.0% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.46% | 69,948 | $35.2M | Reduce -6.0% |
| TSLA Tesla Inc. | 0.44% | 74,630 | $33.6M | Add +12.5% |
| VWO Vanguard Ftse Emerging Marke | 0.43% | 622,027 | $33.4M | Add +1.9% |
| JPM JPMorgan Chase & Co. | 0.42% | 100,526 | $32.4M | Add +1.3% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.39% | 43,586 | $29.7M | Add +44.6% |
| IWR iShares Russell Mid-Cap ETF | 0.35% | 282,567 | $27.2M | Reduce -2.5% |
| VT Vanguard Tot World STK ETF | 0.35% | 188,351 | $26.6M | Add +0.4% |
| DON Wisdomtree US Midcap Dividen | 0.33% | 490,747 | $25.3M | Reduce -3.4% |
| IDEV iShares Core MSCI Dev MKTS | 0.33% | 306,813 | $25.3M | Reduce -1.3% |
| HAWX iShares Cur HDG MSCI Acwi-X | 0.32% | 620,339 | $24.5M | Reduce -1.6% |
| VIG Vanguard Dividend Apprec ETF | 0.31% | 109,008 | $24.0M | Reduce -2.4% |
| EEM iShares MSCI Emerging Market | 0.30% | 426,436 | $23.3M | Add +13.9% |
| COST Costco Wholesale Corp. | 0.30% | 26,963 | $23.3M | Add +19.8% |
| V Visa Inc. Class A | 0.30% | 65,203 | $22.9M | Reduce -1.8% |
| STIP iShares 0-5 Year Tips Bond E | 0.30% | 222,052 | $22.7M | Add +871.0% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.29% | 77,971 | $22.6M | Reduce -9.4% |
| XOM Exxon Mobil Corp. | 0.27% | 173,115 | $20.8M | Add +2.2% |
| IEMG iShares Core MSCI Emerging | 0.27% | 309,301 | $20.8M | Add +3.3% |
| ORCL Oracle Corp. | 0.26% | 103,674 | $20.2M | Reduce -3.3% |
| JNJ Johnson & Johnson | 0.26% | 97,170 | $20.1M | Add +1.6% |
| IEI iShares 3-7 Year Treasury Bo | 0.26% | 164,672 | $19.7M | Add +40.9% |
| SCHX Schwab US Large-Cap ETF | 0.24% | 688,992 | $18.5M | Reduce -4.0% |
| CAT Caterpillar Inc. | 0.23% | 31,050 | $17.8M | Add +2.4% |
| WMT Walmart Inc. | 0.22% | 154,558 | $17.2M | Add +1.7% |
| NFLX Netflix Inc. | 0.22% | 179,680 | $16.8M | Add +29.9% |
| ABBV Abbvie Inc. | 0.22% | 73,490 | $16.8M | Add +2.8% |
| MA Mastercard Inc. Class A | 0.22% | 29,286 | $16.7M | Reduce -2.1% |
| SBUX Starbucks Corp. | 0.22% | 196,710 | $16.6M | Reduce -3.9% |
| VEU Vanguard Ftse All-World Ex-U | 0.21% | 222,300 | $16.4M | Reduce -3.8% |
| CSCO Cisco Systems Inc. | 0.21% | 210,980 | $16.3M | Reduce -3.4% |
| IXUS iShares Core Intl Stock ETF | 0.21% | 187,728 | $15.9M | Add +14.1% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.20% | 52,338 | $15.5M | Reduce -2.5% |
| SPMD SS SPDR P S&P 400 Midcap ETF | 0.20% | 263,580 | $15.3M | Reduce -1.6% |
| QQQ Invesco QQQ Trust Series 1 | 0.19% | 24,092 | $14.8M | Add +23.6% |
| HD Home Depot Inc. | 0.19% | 41,832 | $14.4M | Reduce -4.6% |
| HDEF Xtrackers MSCI Eafe High Div | 0.19% | 462,730 | $14.3M | Add +4.6% |
| PG The Procter & Gamble Co. | 0.18% | 97,719 | $14.0M | Reduce -4.9% |
| RTX RTX Corp. | 0.18% | 75,119 | $13.8M | Reduce -0.3% |
| MRK Merck & Co. Inc. | 0.17% | 121,842 | $12.8M | Reduce -1.2% |
| CRM Salesforce Inc. | 0.16% | 46,183 | $12.2M | Add +6.1% |
| VSS Vanguard Ftse All Wo X-US SC | 0.16% | 84,697 | $12.1M | Reduce -2.6% |
| IWF iShares Russell 1000 Growth | 0.16% | 25,624 | $12.1M | Add +2.4% |
| MS Morgan Stanley | 0.16% | 68,306 | $12.1M | Reduce -5.9% |
| GOVT iShares US Treasury Bond ETF | 0.16% | 524,342 | $12.1M | Reduce -12.5% |
| EFA iShares MSCI Eafe ETF | 0.15% | 119,959 | $11.5M | Add +13.4% |
| NULG Nuveen ESG LRG-Cap GRW ETF | 0.15% | 115,525 | $11.3M | Reduce -2.4% |
| IVW iShares S&P 500 Growth ETF | 0.15% | 91,581 | $11.3M | Add +6.6% |
| ABT Abbott Laboratories | 0.14% | 88,941 | $11.1M | Reduce -4.6% |
| CVX Chevron Corp. | 0.14% | 71,876 | $11.0M | Reduce -7.5% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.14% | 70,045 | $10.8M | Reduce -5.3% |
| SCHG Schwab US Large-Cap Growth | 0.14% | 328,346 | $10.7M | Reduce -0.8% |
| KO The Coca-Cola Co. | 0.14% | 151,618 | $10.6M | Reduce -0.1% |
| HEEM iShares Crncy Hedgd MSCI Em | 0.14% | 303,871 | $10.6M | Add +0.4% |
| VONE Vanguard Russell 1000 | 0.13% | 33,160 | $10.2M | Reduce -1.2% |
| KLAC KLA Corp. | 0.13% | 8,132 | $9.9M | Reduce -4.3% |
| T AT&T Inc. | 0.13% | 393,665 | $9.8M | Reduce -8.6% |
| NKE Nike Inc. Class B | 0.12% | 148,770 | $9.5M | Add +11.6% |
| MCD McDonald's Corp. | 0.12% | 30,901 | $9.4M | Reduce -1.4% |
| NEE Nextera Energy Inc. | 0.12% | 113,878 | $9.1M | Add +0.6% |
| AMD Advanced Micro Devices | 0.12% | 41,686 | $8.9M | Add +3.5% |
| IWM iShares Russell 2000 ETF | 0.11% | 35,219 | $8.7M | Add +24.1% |
Other holdings (2): bonds, preferreds, convertibles and warrants · $59.9M (not counted above)
Total filed on the 13F, all lines: $7.8B.
Portfolio Sells Q3 2025 → Q4 2025
| BRK.A Berkshire Hathaway Inc. Class A | Reduce -46.4% | 0.79% | −0.74 |
| REGL Prshrs S&P Mid 400 DVD Arist | Reduce -6.9% | 2.30% | −0.29 |
| VUG Vanguard Mrngstar GR ETF-Sui | Reduce -3.0% | 3.96% | −0.20 |
| ORCL Oracle Corp. | Reduce -3.3% | 0.26% | −0.14 |
| VXF Vanguard Extended Market ETF | Reduce -17.6% | 0.53% | −0.14 |
| IEF iShares 7-10 Year Treasury B | Reduce -1.3% | 2.48% | −0.13 |
| DFAE Dimensional Emerging Core Eq | Reduce -4.3% | 1.82% | −0.09 |
| AGG iShares Core U.S. Aggregate | Reduce -1.1% | 1.65% | −0.09 |
| SMMD iShares Russell 2500 ETF | Reduce -7.4% | 0.83% | −0.08 |
| ZTS Zoetis Inc. | Reduce -83.4% | 0.01% | −0.06 |
| VMRK Vivmark Residential | Reduce -95.0% | 0.00% | −0.05 |
| TLH iShares 10-20 Year Treasury | Reduce -77.9% | 0.01% | −0.05 |
| HD Home Depot Inc. | Reduce -4.6% | 0.19% | −0.05 |
| VEA Vanguard Ftse Developed ETF | Reduce -2.9% | 2.08% | −0.05 |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | Reduce -1.2% | 1.85% | −0.05 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Reduce -32.1% | 0.09% | −0.05 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -6.0% | 0.46% | −0.05 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Reduce -9.4% | 0.29% | −0.05 |
| CL Colgate-Palmolive Co. | Reduce -73.7% | 0.01% | −0.04 |
| IWB iShares Russell 1000 ETF | Reduce -2.8% | 0.97% | −0.04 |
| T AT&T Inc. | Reduce -8.6% | 0.13% | −0.04 |
| DFSV Dimensional US Small Cap Val | Reduce -2.9% | 0.94% | −0.03 |
| PG The Procter & Gamble Co. | Reduce -4.9% | 0.18% | −0.03 |
| GOVT iShares US Treasury Bond ETF | Reduce -12.5% | 0.16% | −0.03 |
| DON Wisdomtree US Midcap Dividen | Reduce -3.4% | 0.33% | −0.03 |
| MOS The Mosaic Co. | Sold out | 0.00% | −0.03 |
| IBDQ iShares Ibonds Dec 2025 Term | Sold out | 0.00% | −0.03 |
| CLX Clorox Company | Reduce -83.5% | 0.00% | −0.03 |
| POOL Pool Corp. | Reduce -75.2% | 0.01% | −0.02 |
| FISV Fiserv Inc. | Reduce -38.3% | 0.01% | −0.02 |
| VZ Verizon Communications Inc. | Reduce -9.8% | 0.10% | −0.02 |
| LIN Linde PLC | Reduce -8.3% | 0.09% | −0.02 |
| ABT Abbott Laboratories | Reduce -4.6% | 0.14% | −0.02 |
| IWR iShares Russell Mid-Cap ETF | Reduce -2.5% | 0.35% | −0.02 |
| ETN Eaton Corp. PLC | Reduce -16.4% | 0.05% | −0.02 |
| IBMN iShares Ibonds Dec 2025 Term | Sold out | 0.00% | −0.02 |
| CVX Chevron Corp. | Reduce -7.5% | 0.14% | −0.02 |
| BLK BlackRock Inc. | Reduce -3.6% | 0.11% | −0.02 |
| SBUX Starbucks Corp. | Reduce -3.9% | 0.22% | −0.02 |
| BABA Alibaba Group Holding-SP ADR | Reduce -48.6% | 0.01% | −0.02 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -18.5% | 0.09% | −0.02 |
| AMT American Tower Corp. | Reduce -8.6% | 0.06% | −0.02 |
| CDE Coeur Mining Inc. | Reduce -81.8% | 0.00% | −0.02 |
| ADP Automatic Data Processing | Reduce -21.4% | 0.03% | −0.01 |
| SAP Sap SE-Sponsored ADR | Reduce -21.1% | 0.03% | −0.01 |
| PGR Progressive Corp. | Reduce -15.4% | 0.04% | −0.01 |
| TXN Texas Instruments Inc. | Reduce -7.3% | 0.08% | −0.01 |
| SCHX Schwab US Large-Cap ETF | Reduce -4.0% | 0.24% | −0.01 |
| VIG Vanguard Dividend Apprec ETF | Reduce -2.4% | 0.31% | −0.01 |
| UNH Unitedhealth Group Inc. | Reduce -5.4% | 0.09% | −0.01 |
Portfolio Buys Q3 2025 → Q4 2025
| MSFT Microsoft Corp. | Add +54.0% | 4.96% | +1.38 |
| STIP iShares 0-5 Year Tips Bond E | Add +871.0% | 0.30% | +0.26 |
| VGSH Vanguard Short-Term Treasury | Add +27.8% | 1.07% | +0.20 |
| AAPL Apple Inc. | Add +6.3% | 2.25% | +0.20 |
| IVV iShares Core S&P 500 ETF | Add +4.2% | 6.96% | +0.19 |
| LLY Eli Lilly & Co. | Add +2.7% | 0.61% | +0.17 |
| SDY SS SPDR S&P Dividend ETF | Add +45.4% | 0.59% | +0.17 |
| GOOG Alphabet Inc. Class C | Add +5.4% | 0.67% | +0.16 |
| GOOGL Alphabet Inc. Class A | Add +0.1% | 0.68% | +0.13 |
| AMZN Amazon.com Inc. | Add +8.8% | 1.30% | +0.12 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +44.6% | 0.39% | +0.12 |
| HEFA Isha Curr Hedged MSCI Eafe | Add +2.7% | 3.04% | +0.10 |
| DFLV Dim US Large Cap Value ETF | Add +4.4% | 1.97% | +0.09 |
| IEI iShares 3-7 Year Treasury Bo | Add +40.9% | 0.26% | +0.07 |
| IJH iShares Core S&P Midcap ETF | Add +9.5% | 1.01% | +0.06 |
| GLD SPDR Gold Shares | Add +123.4% | 0.10% | +0.06 |
| VTI VG Morningstar TS MKT ETF-US | Add +10.6% | 0.67% | +0.06 |
| PEP Pepsico Inc. | Add +79.6% | 0.11% | +0.05 |
| PLD Prologis Inc. | Add +163.1% | 0.07% | +0.05 |
| QUAL iShares MSCI USA Quality Fac | Add +3.1% | 2.78% | +0.04 |
| TSLA Tesla Inc. | Add +12.5% | 0.44% | +0.04 |
| CAT Caterpillar Inc. | Add +2.4% | 0.23% | +0.04 |
| VTV Vanguard Mrngstr Val ETF-Aui | Add +2.3% | 4.29% | +0.04 |
| QQQ Invesco QQQ Trust Series 1 | Add +23.6% | 0.19% | +0.03 |
| BOXX Alpha Architect 1-3 MNTH Box | New | 0.03% | +0.03 |
| EEM iShares MSCI Emerging Market | Add +13.9% | 0.30% | +0.03 |
| PFE Pfizer Inc. | Add +76.5% | 0.08% | +0.03 |
| MU Micron Technology Inc. | Add +0.2% | 0.08% | +0.03 |
| AMD Advanced Micro Devices | Add +3.5% | 0.12% | +0.03 |
| HRL Hormel Foods Corp. | New | 0.03% | +0.03 |
| IXUS iShares Core Intl Stock ETF | Add +14.1% | 0.21% | +0.02 |
| DHR Danaher Corp. | Add +39.4% | 0.06% | +0.02 |
| JNJ Johnson & Johnson | Add +1.6% | 0.26% | +0.02 |
| IBMT iShares Ibonds Dec 2031 Muni | Add +631.9% | 0.03% | +0.02 |
| COST Costco Wholesale Corp. | Add +19.8% | 0.30% | +0.02 |
| IWM iShares Russell 2000 ETF | Add +24.1% | 0.11% | +0.02 |
| CRM Salesforce Inc. | Add +6.1% | 0.16% | +0.02 |
| NEM Newmont Corp. | Add +58.2% | 0.04% | +0.02 |
| YUM Yum! Brands Inc. | Add +98.8% | 0.04% | +0.02 |
| SHOP Shopify Inc. Class A | Add +174.1% | 0.03% | +0.02 |
| EFA iShares MSCI Eafe ETF | Add +13.4% | 0.15% | +0.02 |
| NVDA Nvidia Corp. | Add +4.7% | 1.82% | +0.02 |
| CF CF Industries Holdings Inc. | Add +589.2% | 0.02% | +0.01 |
| VOOG Vanguard S&P 500 Growth ETF | New | 0.01% | +0.01 |
| XOM Exxon Mobil Corp. | Add +2.2% | 0.27% | +0.01 |
| WMT Walmart Inc. | Add +1.7% | 0.22% | +0.01 |
| WFC Wells Fargo & Co. | Add +8.2% | 0.09% | +0.01 |
| ACN Accenture PLC Class A | Add +8.0% | 0.10% | +0.01 |
| AVGO Broadcom Inc. | Add +0.6% | 0.62% | +0.01 |
| HDEF Xtrackers MSCI Eafe High Div | Add +4.6% | 0.19% | +0.01 |
Notes & Other Activity Q3 2025 → Q4 2025
| SPY SS SPDR S&P 500 ETF Trust-US | TR UNIT · principal | New | 82,400 | $56.2M |
| QQQ Invesco QQQ Trust Series 1 | UNIT SER 1 · principal | New | 6,100 | $3.7M |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 1,219 | $7.9B | IVV, MSFT, VOO, VTV, DFAI |
| Q1 2026 | 1,190 | $8.1B | IVV, MSFT, DFAI, VTV, VUG |
| Q4 2025 | 1,160 | $7.7B | IVV, DFAI, MSFT, VTV, VUG |
| Q3 2025 | 1,214 | $7.4B | IVV, DFAI, VTV, VUG, MSFT |
| Q2 2025 | 1,105 | $6.1B | IVV, MSFT, VUG, HEFA, VOO |
| Q1 2025 | 3,534 | $4.7B | IVV, MSFT, REGL, HEFA, IEF |
| Q4 2024 | 1,063 | $4.7B | IVV, MSFT, REGL, VOO, HEFA |
| Q3 2024Amended | 1,081 | $4.6B | IVV, MSFT, REGL, HEFA, VOO |
| Q2 2024 | 985 | $4.1B | IVV, MSFT, REGL, HEFA, VOO |
| Q1 2024 | 998 | $3.9B | IVV, MSFT, REGL, HEFA, VOO |