Millstone Evans Group, LLC

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed April 30, 2026), Millstone Evans Group, LLC reported 854 stock positions worth $166.6 million. Its top holding was Apple (AAPL) at 8.6% of the portfolio, followed by Nvidia (NVDA, 8.4%) and Microsoft (MSFT, 3.8%). Compared with Q4 2025, it opened 26 new positions, sold out of 28, added to 113 and reduced 93. The biggest buy was Schwab US DVD Equity ETF (SCHD, shares +152%) and the biggest sale Microsoft (MSFT, shares −0%).

Most Recent 13F
Q2 2026
Location
BOULDER, CO
CIK
0002041943
Portfolio Value
$166.6M (Q1 2026)
SEC Filing
0002041943-26-000002 ↗ filed Apr 30, 2026

Holdings Value

0$50.0M$100.0M$150.0M$200.0M Q4 2024: $146.7M Q4 2024 Q1 2025: $147.4M Q1 2025 Q2 2025: $146.7M Q2 2025 Q3 2025: $157.4M Q3 2025 Q4 2025: $170.0M Q4 2025 Q1 2026: $166.6M $166.6M Q1 2026 Q2 2026: $184.8M Q2 2026

Holdings 854 stocks · $166.6M
AAPL Apple Inc. 8.65% 56,782 $14.4M Reduce 0.0%
NVDA Nvidia Corp. 8.35% 79,792 $13.9M Reduce -1.2%
MSFT Microsoft Corp. 3.85% 17,316 $6.4M Reduce -0.0%
BRK.B Berkshire Hathaway Inc. Class B 3.05% 10,614 $5.1M Reduce -0.5%
GOOG Alphabet Inc. Class C 2.18% 12,692 $3.6M Add +0.2%
JPM JPMorgan Chase & Co. 2.00% 11,355 $3.3M Add +0.5%
IWS iShares Russell Mid-Cap Valu 1.96% 22,353 $3.3M Reduce -1.9%
IMCV iShares Morningstar Mid-Cap 1.95% 38,313 $3.2M Reduce -0.2%
ORCL Oracle Corp. 1.90% 21,552 $3.2M Reduce -0.2%
RJF Raymond James Financial Inc. 1.68% 19,339 $2.8M Add +1.8%
JNJ Johnson & Johnson 1.50% 10,250 $2.5M Add +0.3%
GOOGL Alphabet Inc. Class A 1.49% 8,642 $2.5M Reduce -0.7%
AMZN Amazon.com Inc. 1.25% 9,965 $2.1M Reduce -10.4%
EMLP First Trust North American E 1.23% 46,956 $2.1M Reduce -0.2%
LECO Lincoln Electric Holdings 1.20% 8,057 $2.0M Add +0.0%
VYMI Vanguard Int High DVD YLD Inc. 1.06% 18,725 $1.8M Add +38.2%
VOO Vanguard S&P 500 ETF 1.03% 2,878 $1.7M Add +1.6%
MDY State Street SPDR S&P Midcap 1.00% 2,712 $1.7M No change
MRK Merck & Co. Inc. 0.98% 13,586 $1.6M No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.96% 6,567 $1.6M Add +0.5%
GE General Electric filed as GE AEROSPACE 0.90% 5,281 $1.5M No change
TMO Thermo Fisher Scientific Inc. 0.89% 3,002 $1.5M No change
SPY SS SPDR S&P 500 ETF Trust-US 0.73% 1,869 $1.2M Reduce -0.7%
PWRD TCW Transform Systems ETF 0.71% 12,162 $1.2M Add +11.7%
FNDX Schwab Fndmntl US LRG Co. ETF 0.70% 41,591 $1.2M Reduce -2.4%
GEV GE Vernova Inc. 0.69% 1,315 $1.1M No change
SCHD Schwab US DVD Equity ETF 0.68% 36,943 $1.1M Add +152.3%
LLY Eli Lilly & Co. 0.64% 1,165 $1.1M Add +5.8%
SBUX Starbucks Corp. 0.64% 11,895 $1.1M Add +0.5%
PG The Procter & Gamble Co. 0.60% 6,942 $1.0M Add +1.1%
NSC Norfolk Southern Corp. 0.57% 3,327 $955K No change
WAT Waters Corp. 0.56% 3,133 $933K Add +0.8%
COST Costco Wholesale Corp. 0.55% 928 $925K No change
DFAC Dimensional US Core Equity 2 0.55% 23,443 $911K Add +0.1%
CVX Chevron Corp. 0.52% 4,202 $869K Add +1.6%
VYM Vanguard High DVD Yield ETF 0.52% 5,860 $868K Add +13.1%
IWM iShares Russell 2000 ETF 0.51% 3,448 $855K No change
XOM Exxon Mobil Corp. 0.48% 4,748 $806K Reduce -1.8%
FNDE Schwab Fndmntl Em MRK Eq ETF 0.48% 20,932 $801K Add +533.7%
CSCO Cisco Systems Inc. 0.48% 10,225 $793K Add +0.4%
PEP Pepsico Inc. 0.47% 5,084 $789K No change
ESGV Vanguard ESG US Stock ETF 0.47% 7,019 $788K Add +47.4%
VXUS Vanguard Total Intl Stock 0.46% 9,872 $761K Add +72.3%
ADP Automatic Data Processing 0.45% 3,727 $757K No change
MMM 3M Co. 0.45% 5,180 $752K No change
COWZ Pacer US Cash Cows 100 ETF 0.45% 11,929 $746K Reduce -2.1%
V Visa Inc. Class A 0.44% 2,431 $735K Reduce -2.3%
GLW Corning Inc. 0.44% 5,393 $733K Add +1.3%
AXP American Express Co. 0.43% 2,342 $708K No change
GLDM SPDR Gold Minishares Trust 0.42% 7,499 $695K Add +15.4%
T AT&T Inc. 0.41% 23,694 $687K Add +2.3%
ABBV Abbvie Inc. 0.40% 3,083 $671K Add +1.6%
PNC PNC Financial Services Group 0.40% 3,190 $664K Add +1.2%
CALF PCR US SM CP CSH CWS ETF-Usd 0.39% 14,532 $652K Reduce -0.6%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.38% 13,152 $641K Reduce -1.4%
WMT Walmart Inc. 0.38% 5,071 $630K No change
FNDF Schwab Fndmn Intl LRG Co. ETF 0.36% 12,397 $607K Add +72.4%
IWF iShares Russell 1000 Growth 0.35% 1,385 $591K No change
SYK Stryker Corp. 0.35% 1,792 $589K No change
UBSI United Bankshares Inc. 0.33% 13,328 $552K No change
TSM Taiwan Semiconductor-SP ADR 0.32% 1,592 $538K No change
VZ Verizon Communications Inc. 0.32% 10,580 $531K Reduce -6.5%
RSP Invesco S&P 500 Equal Weight 0.31% 2,731 $524K Reduce -0.6%
CWS Advisorshares Equity Focused 0.31% 8,083 $523K Reduce -1.7%
OAKM Oakmark US Large Cap ETF 0.31% 18,896 $521K Add +120.3%
FLEX Flex Ltd. filed as FLEXTRONICS INTL LTD 0.30% 7,625 $499K No change
MCD McDonald's Corp. 0.29% 1,532 $476K Add +2.5%
RDVY First Trust Rising Dividend 0.29% 6,959 $475K Reduce -8.5%
NVS Novartis AG-Sponsored ADR 0.28% 3,102 $474K No change
CRM Salesforce Inc. 0.28% 2,468 $461K No change
XLV SS Health Care Select Sector 0.27% 3,094 $454K No change
JCI Johnson Controls Internation 0.27% 3,427 $449K No change
KVUE Kenvue Inc. 0.26% 25,047 $432K No change
JPST JPMorgan Ultra-Short Income 0.26% 8,462 $428K No change
IJH iShares Core S&P Midcap ETF 0.26% 6,316 $427K Reduce -2.1%
VB Vanguard Most SM-Cap ETF-Usd 0.26% 1,624 $425K Add +7.8%
DFIC Dimensional International Co. 0.25% 11,948 $425K Add +0.3%
DCOR Dimensional US Core Eq 1 ETF 0.25% 5,887 $424K Reduce -0.2%
DE Deere & Co. 0.25% 752 $424K Add +1.8%
VUG Vanguard Mrngstar GR ETF-Sui 0.25% 955 $417K Add +30.5%
TGT Target Corp. 0.25% 3,416 $414K No change
HD Home Depot Inc. 0.24% 1,233 $406K Add +1.8%
VIG Vanguard Dividend Apprec ETF 0.24% 1,883 $405K No change
MDT Medtronic PLC 0.24% 4,568 $396K Reduce -4.4%
EMR Emerson Electric Co. 0.24% 2,995 $392K Reduce -1.4%
UNP Union Pacific Corp. 0.23% 1,575 $382K Add +1.7%
CMCSA Comcast Corp. Class A 0.22% 13,013 $374K Reduce -0.4%
VWO Vanguard Ftse Emerging Marke 0.22% 6,796 $367K Add +12.8%
BMY Bristol-Myers Squibb Co. 0.21% 5,743 $348K No change
APD Air Products & Chemicals Inc. 0.21% 1,195 $347K No change
IEFA iShares Core MSCI Eafe ETF 0.20% 3,772 $341K Add +6.6%
VXF Vanguard Extended Market ETF 0.20% 1,658 $341K New
BUSE First Busey Corp. 0.20% 13,350 $337K No change
ETN Eaton Corp. PLC 0.20% 927 $332K Add +4.4%
ADI Analog Devices Inc. 0.20% 1,031 $328K Add +3.6%
MA Mastercard Inc. Class A 0.20% 651 $325K No change
SHW The Sherwin-Williams Co. 0.19% 987 $316K No change
SUPP TCW Transform Supply Chain E 0.19% 4,397 $309K Add +2.6%
XLF SS Financial Select Sector 0.18% 6,114 $302K Add +0.0%
AGG iShares Core U.S. Aggregate 0.18% 3,025 $300K No change

Show all 854 holdings

Other holdings (2): bonds, preferreds, convertibles and warrants · $8K (not counted above)
SecurityClassShares / PrincipalValueChange
NEXTERA ENERGY INC (NEE 7.234 11/01/27) UNIT 11/01/2027 135$7KAdd +80.0%
HP ENTERPRISE CO (HPE 7.625 09/01/27) 7.625 MAND CONV 12$774No change

Total filed on the 13F, all lines: $166.6M.

Portfolio Sells Q4 2025 → Q1 2026
MSFT Microsoft Corp. Reduce -0.0% 3.85% −1.08
ORCL Oracle Corp. Reduce -0.2% 1.90% −0.57
NVDA Nvidia Corp. Reduce -1.2% 8.35% −0.51
AAPL Apple Inc. Reduce 0.0% 8.65% −0.43
WRN Western Copper and Gold Corp. Sold out 0.00% −0.41
SCHP Schwab U.S. Tips ETF Sold out 0.00% −0.28
AMZN Amazon.com Inc. Reduce -10.4% 1.25% −0.26
DIVP Cullen Enhanced Eqt Incm ETF Sold out 0.00% −0.11
GOOGL Alphabet Inc. Class A Reduce -0.7% 1.49% −0.11
BRK.B Berkshire Hathaway Inc. Class B Reduce -0.5% 3.05% −0.10
V Visa Inc. Class A Reduce -2.3% 0.44% −0.07
MCY Mercury General Corp. Sold out 0.00% −0.05
BAC Bank of America Corp. Reduce -1.4% 0.38% −0.05
BABA Alibaba Group Holding-SP ADR Reduce -13.3% 0.14% −0.05
BX Blackstone Inc. Reduce -39.8% 0.03% −0.04
SNV Synovus Financial Corp. Sold out 0.00% −0.03
MDT Medtronic PLC Reduce -4.4% 0.24% −0.03
VGK Vanguard Ftse Europe ETF Reduce -23.1% 0.10% −0.03
DIS The Walt Disney Co. Reduce -1.0% 0.18% −0.03
VPL Vanguard Ftse Pacific ETF Reduce -62.9% 0.02% −0.03
RDVY First Trust Rising Dividend Reduce -8.5% 0.29% −0.03
SPY SS SPDR S&P 500 ETF Trust-US Reduce -0.7% 0.73% −0.03
SPGI S&P Global Inc. Reduce -0.4% 0.12% −0.02
PMAR Innovator U.S. Equity Power Reduce -19.5% 0.09% −0.02
CWS Advisorshares Equity Focused Reduce -1.7% 0.31% −0.02
WCMI FT WCM International ETF Reduce -46.5% 0.02% −0.01
NULV Nuveen ESG Large-Cap Val ETF Reduce -29.5% 0.04% −0.01
DLTR Dollar Tree Inc. Sold out 0.00% −0.01
EXAS Exact Sciences Corp. Sold out 0.00% −0.01
QQQ Invesco QQQ Trust Series 1 Reduce -14.4% 0.06% −0.01
CWB SS SPDR BB Conv Sec ETF Sold out 0.00% −0.01
DAR Darling Ingredients Inc. Sold out 0.00% −0.01
DNP DNP Select Income Fund Inc. Sold out 0.00% −0.01
EFA iShares MSCI Eafe ETF Reduce -18.9% 0.05% −0.01
DVY iShares Select Dividend ETF Reduce -28.1% 0.03% −0.01
VOTE TCW Transform 500 ETF Reduce -6.2% 0.09% −0.01
NOW ServiceNow Inc. Reduce -30.3% 0.01% −0.01
UL Unilever PLC-Sponsored ADR Reduce -3.0% 0.04% −0.01
ALEX Alexander & Baldwin Inc. Sold out 0.00% −0.01
SCHW Schwab (charles) Corp. Reduce -5.4% 0.06% −0.01
CCI Crown Castle Inc. Reduce -0.4% 0.08% −0.01
CMCSA Comcast Corp. Class A Reduce -0.4% 0.22% −0.01
ADBE Adobe Inc. Reduce -1.1% 0.01% −0.01
DEO Diageo PLC-Sponsored ADR Reduce -66.7% 0.00% −0.01
SCHB Schwab US Broad Market ETF Reduce -24.2% 0.01% −0.01
ISCG iShares Morningstar Small-Ca Reduce -33.9% 0.01% −0.00
OXY Occidental Petroleum Corp. Reduce -49.9% 0.02% −0.00
FVD First Trust Value Line DVD Sold out 0.00% −0.00
MTUM iShares MSCI USA Momentum Fa Reduce -24.1% 0.01% −0.00
XCHYX Calamos Convert & High Inc. Sold out 0.00% −0.00

Portfolio Buys Q4 2025 → Q1 2026
SCHD Schwab US DVD Equity ETF Add +152.3% 0.68% +0.44
FNDE Schwab Fndmntl Em MRK Eq ETF Add +533.7% 0.48% +0.41
VYMI Vanguard Int High DVD YLD Inc. Add +38.2% 1.06% +0.34
JNJ Johnson & Johnson Add +0.3% 1.50% +0.26
VXF Vanguard Extended Market ETF New 0.20% +0.20
VXUS Vanguard Total Intl Stock Add +72.3% 0.46% +0.20
FNDF Schwab Fndmn Intl LRG Co. ETF Add +72.4% 0.36% +0.17
OAKM Oakmark US Large Cap ETF Add +120.3% 0.31% +0.17
GLW Corning Inc. Add +1.3% 0.44% +0.17
CVX Chevron Corp. Add +1.6% 0.52% +0.15
ESGV Vanguard ESG US Stock ETF Add +47.4% 0.47% +0.13
PWRD TCW Transform Systems ETF Add +11.7% 0.71% +0.10
GLDM SPDR Gold Minishares Trust Add +15.4% 0.42% +0.09
VYM Vanguard High DVD Yield ETF Add +13.1% 0.52% +0.08
T AT&T Inc. Add +2.3% 0.41% +0.07
LECO Lincoln Electric Holdings Add +0.0% 1.20% +0.07
QQQM Invesco Nasdaq 100 ETF Add +60.7% 0.17% +0.06
SBUX Starbucks Corp. Add +0.5% 0.64% +0.05
SIVR Abrdn Physical Silver Shares New 0.05% +0.05
DE Deere & Co. Add +1.8% 0.25% +0.05
FLSW Franklin Ftse Switzerland Add +115.8% 0.10% +0.05
VUG Vanguard Mrngstar GR ETF-Sui Add +30.5% 0.25% +0.04
ADI Analog Devices Inc. Add +3.6% 0.20% +0.04
ETN Eaton Corp. PLC Add +4.4% 0.20% +0.03
SJNK SS SPDR BB St Hi Yield ETF Add +206.8% 0.04% +0.03
VWO Vanguard Ftse Emerging Marke Add +12.8% 0.22% +0.03
VB Vanguard Most SM-Cap ETF-Usd Add +7.8% 0.26% +0.03
NEE Nextera Energy Inc. Add +4.8% 0.13% +0.03
PG The Procter & Gamble Co. Add +1.1% 0.60% +0.02
EQIX Equinix Inc. Add +5.5% 0.08% +0.02
KO The Coca-Cola Co. Add +8.0% 0.13% +0.02
IEFA iShares Core MSCI Eafe ETF Add +6.6% 0.20% +0.02
UNP Union Pacific Corp. Add +1.7% 0.23% +0.02
LRCX Lam Research Corp. Add +4.3% 0.07% +0.02
BC Brunswick Corp. New 0.02% +0.02
DVYE iShares Emerging Markets Div New 0.02% +0.02
MCD McDonald's Corp. Add +2.5% 0.29% +0.02
UPS United Parcel Service Class B Add +129.9% 0.03% +0.02
ALSN Allison Transmission Holding New 0.02% +0.02
WMB Williams Cos Inc. Add +40.4% 0.03% +0.01
CSCO Cisco Systems Inc. Add +0.4% 0.48% +0.01
ENTG Entegris Inc. Add +191.3% 0.02% +0.01
ONTO Onto Innovation Inc. Add +147.8% 0.02% +0.01
TXN Texas Instruments Inc. Add +7.1% 0.08% +0.01
TECH Bio-Techne Corp. New 0.01% +0.01
WHD Cactus Inc. Class A New 0.01% +0.01
DFIC Dimensional International Co. Add +0.3% 0.25% +0.01
RGA Reinsurance Group of America Add +77.0% 0.03% +0.01
WSM Williams-Sonoma Inc. Add +229.4% 0.02% +0.01
PBH Prestige Consumer Healthcare New 0.01% +0.01

Notes & Other Activity Q4 2025 → Q1 2026
NEXTERA ENERGY INC (NEE 7.234 11/01/27) UNIT 11/01/2027 Add +80.0% 135 $7K

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 874$184.8MNVDA, AAPL, BLDX, MSFT, BRK.B
Q1 2026 854$166.6MAAPL, NVDA, MSFT, BRK.B, GOOG
Q4 2025 855$170.0MAAPL, NVDA, MSFT, BRK.B, ORCL
Q3 2025 832$157.4MNVDA, AAPL, MSFT, ORCL, BRK.B
Q2 2025 762$146.7MNVDA, AAPL, MSFT, BRK.B, ORCL
Q1 2025 796$147.4MAAPL, NVDA, MSFT, BRK.B, DFAC
Q4 2024 732$146.7MAAPL, NVDA, MSFT, DFAC, BRK.B