Bitterroot Capital Advisors
BOZEMAN, MTfiles as BITTERROOT CAPITAL ADVISORS LLC
$166m in 53 US stocks at the end of 30 June 2026. The top 10 are 90.5% of the money. It changed about 7.7% of the portfolio this quarter.
Value
$166m
Stocks
53
Top 10 share
90.5%
Turnover
7.7%
What changed this quarter
New
Bought for the first time this quarter.
- Mayfair GoldMINE0.1% of the fund
- Altria GroupMO<0.1% of the fund
Added
Bought more of a stock they already held.
- State STR Spdr S&P 500 ETF TSPY4.1% of the fund+3%
- Ishares TREEM0.7% of the fund+13%
- Western Midstream Partners LWES0.4% of the fund+10%
- Sable OffshoreSOC<0.1% of the fund+3100%
Cut
Sold some of their stake.
- Ishares TRSGOV26.1% of the fund-21%
- NvidiaNVDA0.3% of the fund-20%
- Invesco Exch TRD SLF IDX FDBSCU0.2% of the fund-8%
- Invesco Exch TRD SLF IDX FDBSCT0.1% of the fund-47%
- Micron TechnologyMU<0.1% of the fund-15%
- UnitedHealth GroupUNH<0.1% of the fund-21%
Sold out
Sold their entire stake.
- Honeywell InternationalHON-100%
- MicrosoftMSFT-100%
- BrookfieldBN-100%
- PayPal HoldingsPYPL-100%
- S&P GlobalSPGI-100%
- EQTEQT-100%
- Kraft HeinzKHC-100%
- General MillsGIS-100%
- SK TelecomSKM-100%
Holdings
- Ishares TRSGOV
- Share
- 26.1%
- Value
- $43m
- Shares
- 430,117
-21%
- Ishares TRQUAL
- Share
- 18.4%
- Value
- $31m
- Shares
- 139,525
Held
- Ishares TRIQLT
- Share
- 11.3%
- Value
- $19m
- Shares
- 379,823
Held
- Ishares TRIWD
- Share
- 10.6%
- Value
- $18m
- Shares
- 72,440
Held
- Ishares TRIWF
- Share
- 9.6%
- Value
- $16m
- Shares
- 128,692
Held
- Ishares TRIEFA
- Share
- 5.7%
- Value
- $9m
- Shares
- 97,395
Held
- State STR Spdr S&P 500 ETF TSPY
- Share
- 4.1%
- Value
- $7m
- Shares
- 9,134
+3%
- Vanguard Specialized FundsVIG
- Share
- 1.4%
- Value
- $2m
- Shares
- 9,940
Held
- State STR Spdr S&P Midcap 40MDY
- Share
- 1.2%
- Value
- $2m
- Shares
- 2,929
Held
- Ishares TREFA
- Share
- 1.1%
- Value
- $2m
- Shares
- 16,882
Held
- Ishares TREEM
- Share
- 0.7%
- Value
- $1m
- Shares
- 18,102
+13%
- Ishares TRIVV
- Share
- 0.7%
- Value
- $1m
- Shares
- 1,611
Held
- State STR Spdr DOW Jones INDDIA
- Share
- 0.7%
- Value
- $1m
- Shares
- 2,219
Held
- Ishares TRACWI
- Share
- 0.5%
- Value
- $863,492
- Shares
- 5,501
Held
- Western Midstream Partners LWES
- Share
- 0.4%
- Value
- $625,666
- Shares
- 14,298
+10%
- Mplx LPMPLX
- Share
- 0.3%
- Value
- $546,574
- Shares
- 9,703
Held
- Ssga Active ETF TRTOTL
- Share
- 0.2%
- Value
- $403,185
- Shares
- 10,215
Held
- Spdr Gold TRGLD
- Share
- 0.2%
- Value
- $325,280
- Shares
- 883
Held
- Ishares Bitcoin Trust ETFIBIT
- Share
- 0.2%
- Value
- $316,122
- Shares
- 9,496
Held
- Fidelity Wise Origin BitcoinFBTC
- Share
- 0.2%
- Value
- $314,978
- Shares
- 6,170
Held
- Invesco Exch TRD SLF IDX FDBSCU
- Share
- 0.2%
- Value
- $252,087
- Shares
- 15,145
-8%
- Mayfair GoldMINE
- Share
- 0.1%
- Value
- $245,844
- Shares
- 100,000
New
- IsharesIEMG
- Share
- 0.1%
- Value
- $219,392
- Shares
- 2,648
Held
- Invesco Exch TRD SLF IDX FDBSCT
- Share
- 0.1%
- Value
- $198,354
- Shares
- 10,679
-47%
- Schwab Strategic TRSCHO
- Share
- 0.1%
- Value
- $190,368
- Shares
- 7,886
Held
- Vanguard Index FDSVOO
- Share
- <0.1%
- Value
- $110,576
- Shares
- 161
Held
- Vanguard Intl Equity Index FVWO
- Share
- <0.1%
- Value
- $110,128
- Shares
- 1,845
Held
- AB Active EtfsHYFI
- Share
- <0.1%
- Value
- $103,830
- Shares
- 2,781
Held
- Vanguard MUN BD FDSVTEB
- Share
- <0.1%
- Value
- $102,930
- Shares
- 2,035
Held
- Ishares TRSHV
- Share
- <0.1%
- Value
- $101,782
- Shares
- 922
Held
- Invesco Exch TRD SLF IDX FDBSJT
- Share
- <0.1%
- Value
- $87,440
- Shares
- 4,138
Held
- IsharesEWC
- Share
- <0.1%
- Value
- $86,287
- Shares
- 1,497
Held
- Ishares TRHYG
- Share
- <0.1%
- Value
- $81,010
- Shares
- 1,013
Held
- DBX ETF TRDBEF
- Share
- <0.1%
- Value
- $61,295
- Shares
- 1,122
Held
- Ishares TRSCZ
- Share
- <0.1%
- Value
- $53,146
- Shares
- 646
Held
- Invesco Exch TRD SLF IDX FDBSJU
- Share
- <0.1%
- Value
- $25,046
- Shares
- 970
Held
- Spdr Series TrustBIL
- Share
- <0.1%
- Value
- $1,897
- Shares
- 21
Held
- Alibaba Group HldgBABA
- Share
- <0.1%
- Value
- $960
- Shares
- 10
Held
- Advisorshares TRYOLO
- Share
- <0.1%
- Value
- $781
- Shares
- 270
Held
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| Ishares TRSGOV | 26.1% | $43m | 430,117 | -21% |
| Ishares TRQUAL | 18.4% | $31m | 139,525 | Held |
| Ishares TRIQLT | 11.3% | $19m | 379,823 | Held |
| Ishares TRIWD | 10.6% | $18m | 72,440 | Held |
| Ishares TRIWF | 9.6% | $16m | 128,692 | Held |
| Ishares TRIEFA | 5.7% | $9m | 97,395 | Held |
| State STR Spdr S&P 500 ETF TSPY | 4.1% | $7m | 9,134 | +3% |
| TeslaTSLA | 2.0% | $3m | 7,900 | Held |
| Vanguard Specialized FundsVIG | 1.4% | $2m | 9,940 | Held |
| MsciMSCI | 1.2% | $2m | 3,691 | Held |
| State STR Spdr S&P Midcap 40MDY | 1.2% | $2m | 2,929 | Held |
| Ishares TREFA | 1.1% | $2m | 16,882 | Held |
| Ishares TREEM | 0.7% | $1m | 18,102 | +13% |
| Ishares TRIVV | 0.7% | $1m | 1,611 | Held |
| State STR Spdr DOW Jones INDDIA | 0.7% | $1m | 2,219 | Held |
| Plains GP Holdings LPPAGP | 0.6% | $1m | 42,059 | Held |
| Enterprise Products Partners L.P.EPD | 0.5% | $872,914 | 23,746 | Held |
| Ishares TRACWI | 0.5% | $863,492 | 5,501 | Held |
| Western Midstream Partners LWES | 0.4% | $625,666 | 14,298 | +10% |
| Mplx LPMPLX | 0.3% | $546,574 | 9,703 | Held |
| NvidiaNVDA | 0.3% | $456,005 | 2,279 | -20% |
| Ssga Active ETF TRTOTL | 0.2% | $403,185 | 10,215 | Held |
| Spdr Gold TRGLD | 0.2% | $325,280 | 883 | Held |
| Ishares Bitcoin Trust ETFIBIT | 0.2% | $316,122 | 9,496 | Held |
| Fidelity Wise Origin BitcoinFBTC | 0.2% | $314,978 | 6,170 | Held |
| Invesco Exch TRD SLF IDX FDBSCU | 0.2% | $252,087 | 15,145 | -8% |
| Mayfair GoldMINE | 0.1% | $245,844 | 100,000 | New |
| IsharesIEMG | 0.1% | $219,392 | 2,648 | Held |
| Invesco Exch TRD SLF IDX FDBSCT | 0.1% | $198,354 | 10,679 | -47% |
| Schwab Strategic TRSCHO | 0.1% | $190,368 | 7,886 | Held |
| Sable OffshoreSOC | <0.1% | $147,840 | 48,000 | +3100% |
| Vanguard Index FDSVOO | <0.1% | $110,576 | 161 | Held |
| Vanguard Intl Equity Index FVWO | <0.1% | $110,128 | 1,845 | Held |
| AB Active EtfsHYFI | <0.1% | $103,830 | 2,781 | Held |
| Vanguard MUN BD FDSVTEB | <0.1% | $102,930 | 2,035 | Held |
| Ishares TRSHV | <0.1% | $101,782 | 922 | Held |
| Amazon.comAMZN | <0.1% | $90,569 | 380 | Held |
| Invesco Exch TRD SLF IDX FDBSJT | <0.1% | $87,440 | 4,138 | Held |
| IsharesEWC | <0.1% | $86,287 | 1,497 | Held |
| Ishares TRHYG | <0.1% | $81,010 | 1,013 | Held |
| Commerce BancsharesCBSH | <0.1% | $77,270 | 1,338 | Held |
| Altria GroupMO | <0.1% | $71,950 | 1,000 | New |
| Micron TechnologyMU | <0.1% | $63,486 | 55 | -15% |
| DBX ETF TRDBEF | <0.1% | $61,295 | 1,122 | Held |
| Ishares TRSCZ | <0.1% | $53,146 | 646 | Held |
| UnitedHealth GroupUNH | <0.1% | $45,719 | 110 | -21% |
| Invesco Exch TRD SLF IDX FDBSJU | <0.1% | $25,046 | 970 | Held |
| Solstice Advanced MaterialsSOLS | <0.1% | $9,746 | 110 | Held |
| CitigroupC | <0.1% | $7,294 | 52 | Held |
| Meta PlatformsMETA | <0.1% | $3,943 | 7 | Held |
| Spdr Series TrustBIL | <0.1% | $1,897 | 21 | Held |
| Alibaba Group HldgBABA | <0.1% | $960 | 10 | Held |
| Advisorshares TRYOLO | <0.1% | $781 | 270 | Held |
Over time and by industry
Value over time
Dec '25
Jun '26
Value is up 13.7% since 31 December 2025.
Where the money is
Retail & consumer2.1%
Financial services1.3%
Energy0.7%
Utilities0.5%
Technology0.3%
Materials0.2%
Everyday goods0.0%
Health care0.0%
Media & telecom0.0%
Other94.9%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.