Bristlecone Advisors

BELLEVUE, WAfiles as Bristlecone Advisors, LLC

$1.2bn in 233 US stocks at the end of 30 September 2025. The top 10 are 39.8% of the money. It changed about 8.8% of the portfolio this quarter.

Value

$1.2bn

Stocks

233

Top 10 share

39.8%

Turnover

8.8%

What changed this quarter

New

Bought for the first time this quarter.

Fortinet
0.5% of the fund
RTX
0.4% of the fund
Spdr Series TrustSPMB
<0.1% of the fund
Ishares TRUSIG
<0.1% of the fund
Ishares TRGOVT
<0.1% of the fund
World Gold TR
<0.1% of the fund
Pgim ETF TRPULS
<0.1% of the fund
Vanguard Scottsdale FDSBNDW
<0.1% of the fund
BroadcomAVGO
<0.1% of the fund
Vanguard Scottsdale FDSVMBS
<0.1% of the fund
Vanguard Charlotte FDSBNDX
<0.1% of the fund
Thermo Fisher ScientificTMO
<0.1% of the fund
Bitmine Immersion TechnologiesBMNR
<0.1% of the fund
Pacer FDS TRCOWZ
<0.1% of the fund
Ishares Ethereum TRETHA
<0.1% of the fund
Rocket LabRKLB
<0.1% of the fund
PultegroupPHM
<0.1% of the fund
Franco NevadaFNV
<0.1% of the fund
Tractor SupplyTSCO
<0.1% of the fund
General ElectricGE
<0.1% of the fund
Parker-HannifinPH
<0.1% of the fund
Royal GoldRGLD
<0.1% of the fund

Added

Bought more of a stock they already held.

Ishares TRIVV
5.6% of the fund
+4%
Spdr Index SHS FDSSPDW
3.5% of the fund
+3%
Vanguard BD Index FDSBND
1.9% of the fund
+24%
Ishares TRIJR
1.6% of the fund
+5%
J P Morgan Exchange Traded FJPST
1.5% of the fund
+25%
State STR Spdr S&P 500 ETF TSPY
1.3% of the fund
+2%
Spdr Series TrustSPYG
0.7% of the fund
+9%
Vanguard Intl Equity Index FVWO
0.7% of the fund
+3%
Goldman Sachs ETF TRGSST
0.7% of the fund
+7%
NetflixNFLX
0.6% of the fund
+4%
Goldman Sachs ETF TRGCOR
0.5% of the fund
+14%
Spdr Series TrustSLYG
0.3% of the fund
+8%
Ishares TRMBB
0.3% of the fund
+27%
Doubleline ETF TrustDBND
0.3% of the fund
+42%
Procter & GamblePG
0.3% of the fund
+2%
IsharesIEMG
0.3% of the fund
+5%
Goldman Sachs ETF TRGIGB
0.2% of the fund
+12%
Vanguard Star FDSVXUS
0.2% of the fund
+6%
Spdr Series TrustMDYG
0.2% of the fund
+6%
ChevronCVX
0.2% of the fund
+10%
J P Morgan Exchange Traded FJMST
0.2% of the fund
+5%
Eli LillyLLY
0.2% of the fund
+35%
Wisdomtree TRDLS
0.2% of the fund
+9%
Ishares Gold TRIAU
0.2% of the fund
+6%
Ishares TRIVE
0.1% of the fund
+13%

Cut

Sold some of their stake.

MicrosoftMSFT
9.8% of the fund
-28%
AppleAAPL
3.8% of the fund
-11%
Amazon.comAMZN
2.2% of the fund
-22%
AlphabetGOOGL
2.1% of the fund
-2%
Spdr Series TrustSPAB
1.9% of the fund
-3%
Schwab Strategic TRSCHF
1.1% of the fund
-6%
JPMorgan ChaseJPM
0.9% of the fund
-2%
TeslaTSLA
0.8% of the fund
-5%
VisaV
0.6% of the fund
-3%
Johnson & JohnsonJNJ
0.6% of the fund
-3%
Home DepotHD
0.5% of the fund
-3%
Wisdomtree TRUSFR
0.5% of the fund
-33%
Travelers CompaniesTRV
0.4% of the fund
-3%
Lam ResearchLRCX
0.4% of the fund
-3%
NikeNKE
0.4% of the fund
-13%
AmgenAMGN
0.4% of the fund
-2%
StarbucksSBUX
0.4% of the fund
-3%
Wheaton Precious MetalsWPM
0.4% of the fund
-5%
Vanguard MUN BD FDSVTEB
0.4% of the fund
-7%
CintasCTAS
0.4% of the fund
-4%
Booking HoldingsBKNG
0.3% of the fund
-6%
EcolabECL
0.3% of the fund
-4%
Vanguard World FDVGT
0.3% of the fund
-64%
DanaherDHR
0.3% of the fund
-2%
Veeva SystemsVEEV
0.3% of the fund
-3%

Sold out

Sold their entire stake.

FortinetFTNT
-100%
RTXRTX
-100%
Berkshire Hathaway INC DELBRK-A
-100%
Vanguard Index FDSVBR
-100%
Dollar GeneralDG
-100%
Micron TechnologyMU
-100%
World Gold TRGLDM
-100%
Vanguard Index FDSVOT
-100%
Trade DeskTTD
-100%
Ishares TRPFF
-100%
Verisk AnalyticsVRSK
-100%
Ishares TREFV
-100%
Vanguard Admiral FDSVIOO
-100%
Ishares TRIWS
-100%
Ishares TRIHF
-100%
TCW ETF TrustSLNZ
-100%
Invesco Exchange Traded FD TRSP
-100%
Goldman Sachs ETF TRGSLC
-100%
Sana BiotechnologySANA
-100%
Invesco Exchange Traded FD TPWB
-100%
Ishares TRSCZ
-100%
Invesco Exchange Traded FD TPEY
-100%
Spdr Series TrustSDY
-100%
Vanguard BD Index FDSBIV
-100%
Ishares TRIBB
-100%

Holdings

MicrosoftMSFT
Share
9.8%
Value
$117m
Shares
226,320
-28%
Ishares TRIVV
Share
5.6%
Value
$67m
Shares
100,119
+4%
NvidiaNVDA
Share
4.1%
Value
$49m
Shares
259,999
Held
AppleAAPL
Share
3.8%
Value
$45m
Shares
177,528
-11%
Spdr Index SHS FDSSPDW
Share
3.5%
Value
$42m
Shares
976,872
+3%
Ishares TRAGG
Share
3.2%
Value
$39m
Shares
385,520
Held
Ishares TRIJH
Share
2.7%
Value
$33m
Shares
498,272
Held
Schwab Strategic TRSCHX
Share
2.7%
Value
$32m
Shares
1,226,756
Held
Amazon.comAMZN
Share
2.2%
Value
$27m
Shares
122,211
-22%
Vanguard Index FDSVV
Share
2.2%
Value
$26m
Shares
83,711
Held
AlphabetGOOGL
Share
2.1%
Value
$25m
Shares
104,082
-2%
Costco WholesaleCOST
Share
2.1%
Value
$25m
Shares
26,551
Held
Spdr Series TrustSPAB
Share
1.9%
Value
$23m
Shares
877,707
-3%
Vanguard BD Index FDSBND
Share
1.9%
Value
$23m
Shares
303,262
+24%
Select Sector Spdr TRXLK
Share
1.8%
Value
$22m
Shares
77,031
Held
Arthur J. GallagherAJG
Share
1.8%
Value
$21m
Shares
67,794
Held
Wisdomtree TRDLN
Share
1.7%
Value
$20m
Shares
227,025
Held
Ishares TRIJR
Share
1.6%
Value
$19m
Shares
163,270
+5%
J P Morgan Exchange Traded FJPST
Share
1.5%
Value
$18m
Shares
344,989
+25%
Vanguard Index FDSVB
Share
1.4%
Value
$16m
Shares
64,155
Held
State STR Spdr S&P 500 ETF TSPY
Share
1.3%
Value
$16m
Shares
23,981
+2%
Vanguard Index FDSVUG
Share
1.3%
Value
$16m
Shares
33,251
Held
Vanguard Tax-Managed FDSVEA
Share
1.3%
Value
$16m
Shares
264,824
Held
Ishares TRIWR
Share
1.3%
Value
$16m
Shares
163,187
Held
Meta PlatformsMETA
Share
1.2%
Value
$15m
Shares
19,799
Held
Schwab Strategic TRSCHF
Share
1.1%
Value
$13m
Shares
565,337
-6%
Palantir TechnologiesPLTR
Share
0.9%
Value
$11m
Shares
61,746
Held
JPMorgan ChaseJPM
Share
0.9%
Value
$11m
Shares
34,386
-2%
Berkshire HathawayBRK-B
Share
0.8%
Value
$10m
Shares
19,841
Held
TeslaTSLA
Share
0.8%
Value
$10m
Shares
21,823
-5%
Invesco QQQ TRQQQ
Share
0.8%
Value
$9m
Shares
15,558
Held
Spdr Series TrustSPYG
Share
0.7%
Value
$9m
Shares
81,587
+9%
Vanguard Intl Equity Index FVWO
Share
0.7%
Value
$8m
Shares
156,532
+3%
Goldman Sachs ETF TRGSST
Share
0.7%
Value
$8m
Shares
156,676
+7%
VisaV
Share
0.6%
Value
$8m
Shares
21,983
-3%
Johnson & JohnsonJNJ
Share
0.6%
Value
$7m
Shares
39,236
-3%
Vanguard Index FDSVO
Share
0.6%
Value
$7m
Shares
24,476
Held
Ishares TREFA
Share
0.6%
Value
$7m
Shares
74,292
Held
NetflixNFLX
Share
0.6%
Value
$7m
Shares
5,650
+4%
Goldman Sachs ETF TRGCOR
Share
0.5%
Value
$7m
Shares
156,815
+14%
Home DepotHD
Share
0.5%
Value
$7m
Shares
16,048
-3%
Fortinet
Share
0.5%
Value
$6m
Shares
74,095
New
Wisdomtree TRUSFR
Share
0.5%
Value
$6m
Shares
113,306
-33%
Travelers CompaniesTRV
Share
0.4%
Value
$5m
Shares
19,177
-3%
Lam ResearchLRCX
Share
0.4%
Value
$5m
Shares
39,304
-3%
Ishares TRSOXX
Share
0.4%
Value
$5m
Shares
19,213
Held
Ishares TRITA
Share
0.4%
Value
$5m
Shares
23,560
Held
NikeNKE
Share
0.4%
Value
$5m
Shares
70,520
-13%
Spdr Index SHS FDSSPEM
Share
0.4%
Value
$5m
Shares
103,638
Held
AmgenAMGN
Share
0.4%
Value
$5m
Shares
16,673
-2%
BlackRockBLK
Share
0.4%
Value
$5m
Shares
4,008
Held
StarbucksSBUX
Share
0.4%
Value
$5m
Shares
54,747
-3%
Wheaton Precious MetalsWPM
Share
0.4%
Value
$4m
Shares
39,586
-5%
Vanguard MUN BD FDSVTEB
Share
0.4%
Value
$4m
Shares
87,473
-7%
RTX
Share
0.4%
Value
$4m
Shares
25,323
New
ExxonMobil HoldingsXOM
Share
0.4%
Value
$4m
Shares
37,531
Held
CintasCTAS
Share
0.4%
Value
$4m
Shares
20,475
-4%
PepsiCoPEP
Share
0.3%
Value
$4m
Shares
29,691
Held
Vanguard Index FDSVOO
Share
0.3%
Value
$4m
Shares
6,739
Held
PaccarPCAR
Share
0.3%
Value
$4m
Shares
41,224
Held
Booking HoldingsBKNG
Share
0.3%
Value
$4m
Shares
736
-6%
Ishares TRIVW
Share
0.3%
Value
$4m
Shares
32,398
Held
State STR Spdr S&P Midcap 40MDY
Share
0.3%
Value
$4m
Shares
6,524
Held
Spdr Series TrustSLYG
Share
0.3%
Value
$4m
Shares
41,199
+8%
Ishares TRMBB
Share
0.3%
Value
$4m
Shares
40,475
+27%
EcolabECL
Share
0.3%
Value
$3m
Shares
12,688
-4%
Doubleline ETF TrustDBND
Share
0.3%
Value
$3m
Shares
74,663
+42%
Vanguard World FDVGT
Share
0.3%
Value
$3m
Shares
4,636
-64%
DanaherDHR
Share
0.3%
Value
$3m
Shares
17,439
-2%
Veeva SystemsVEEV
Share
0.3%
Value
$3m
Shares
11,100
-3%
ChubbCB
Share
0.3%
Value
$3m
Shares
11,648
-3%
Schwab Strategic TRSCHM
Share
0.3%
Value
$3m
Shares
109,703
Held
Northrop GrummanNOC
Share
0.3%
Value
$3m
Shares
5,286
-2%
J P Morgan Exchange Traded FJEPI
Share
0.3%
Value
$3m
Shares
54,021
-5%
Walt DisneyDIS
Share
0.3%
Value
$3m
Shares
26,813
-8%
Procter & GamblePG
Share
0.3%
Value
$3m
Shares
19,880
+2%
Ishares TRQUAL
Share
0.3%
Value
$3m
Shares
15,514
Held
IsharesIEMG
Share
0.3%
Value
$3m
Shares
45,404
+5%
AlphabetGOOG
Share
0.2%
Value
$3m
Shares
12,022
-9%
UnitedHealth GroupUNH
Share
0.2%
Value
$3m
Shares
8,388
-7%
NextEra EnergyNEE
Share
0.2%
Value
$3m
Shares
35,912
Held
Honeywell InternationalHON
Share
0.2%
Value
$3m
Shares
12,867
Held
Union PacificUNP
Share
0.2%
Value
$3m
Shares
11,257
Held
Uber TechnologiesUBER
Share
0.2%
Value
$3m
Shares
26,597
-12%
Goldman Sachs ETF TRGIGB
Share
0.2%
Value
$3m
Shares
55,139
+12%
AdobeADBE
Share
0.2%
Value
$3m
Shares
7,206
-22%
Vanguard Star FDSVXUS
Share
0.2%
Value
$3m
Shares
34,533
+6%
Expeditors International of WashingtonEXPD
Share
0.2%
Value
$3m
Shares
20,645
-3%
Valero EnergyVLO
Share
0.2%
Value
$3m
Shares
14,857
-5%
Spdr Series TrustMDYG
Share
0.2%
Value
$2m
Shares
27,139
+6%
KLAKLAC
Share
0.2%
Value
$2m
Shares
2,256
Held
Arista NetworksANET
Share
0.2%
Value
$2m
Shares
16,435
Held
ChevronCVX
Share
0.2%
Value
$2m
Shares
15,257
+10%
Schwab Strategic TRSCHG
Share
0.2%
Value
$2m
Shares
73,325
Held
J P Morgan Exchange Traded FJMST
Share
0.2%
Value
$2m
Shares
45,417
+5%
ZoetisZTS
Share
0.2%
Value
$2m
Shares
14,658
-5%
Spdr Series TrustSPYV
Share
0.2%
Value
$2m
Shares
36,904
Held
Public StoragePSA
Share
0.2%
Value
$2m
Shares
6,846
-4%
Vanguard Whitehall FDSVYM
Share
0.2%
Value
$2m
Shares
13,651
-9%
Eli LillyLLY
Share
0.2%
Value
$2m
Shares
2,512
+35%

Company	Share of fund	Value	Shares	Change
MicrosoftMSFT	9.8%	$117m	226,320	-28%
Ishares TRIVV	5.6%	$67m	100,119	+4%
NvidiaNVDA	4.1%	$49m	259,999	Held
AppleAAPL	3.8%	$45m	177,528	-11%
Spdr Index SHS FDSSPDW	3.5%	$42m	976,872	+3%
Ishares TRAGG	3.2%	$39m	385,520	Held
Ishares TRIJH	2.7%	$33m	498,272	Held
Schwab Strategic TRSCHX	2.7%	$32m	1,226,756	Held
Amazon.comAMZN	2.2%	$27m	122,211	-22%
Vanguard Index FDSVV	2.2%	$26m	83,711	Held
AlphabetGOOGL	2.1%	$25m	104,082	-2%
Costco WholesaleCOST	2.1%	$25m	26,551	Held
Spdr Series TrustSPAB	1.9%	$23m	877,707	-3%
Vanguard BD Index FDSBND	1.9%	$23m	303,262	+24%
Select Sector Spdr TRXLK	1.8%	$22m	77,031	Held
Arthur J. GallagherAJG	1.8%	$21m	67,794	Held
Wisdomtree TRDLN	1.7%	$20m	227,025	Held
Ishares TRIJR	1.6%	$19m	163,270	+5%
J P Morgan Exchange Traded FJPST	1.5%	$18m	344,989	+25%
Vanguard Index FDSVB	1.4%	$16m	64,155	Held
State STR Spdr S&P 500 ETF TSPY	1.3%	$16m	23,981	+2%
Vanguard Index FDSVUG	1.3%	$16m	33,251	Held
Vanguard Tax-Managed FDSVEA	1.3%	$16m	264,824	Held
Ishares TRIWR	1.3%	$16m	163,187	Held
Meta PlatformsMETA	1.2%	$15m	19,799	Held
Schwab Strategic TRSCHF	1.1%	$13m	565,337	-6%
Palantir TechnologiesPLTR	0.9%	$11m	61,746	Held
JPMorgan ChaseJPM	0.9%	$11m	34,386	-2%
Berkshire HathawayBRK-B	0.8%	$10m	19,841	Held
TeslaTSLA	0.8%	$10m	21,823	-5%
Invesco QQQ TRQQQ	0.8%	$9m	15,558	Held
Spdr Series TrustSPYG	0.7%	$9m	81,587	+9%
Vanguard Intl Equity Index FVWO	0.7%	$8m	156,532	+3%
Goldman Sachs ETF TRGSST	0.7%	$8m	156,676	+7%
VisaV	0.6%	$8m	21,983	-3%
Johnson & JohnsonJNJ	0.6%	$7m	39,236	-3%
Vanguard Index FDSVO	0.6%	$7m	24,476	Held
Ishares TREFA	0.6%	$7m	74,292	Held
NetflixNFLX	0.6%	$7m	5,650	+4%
Goldman Sachs ETF TRGCOR	0.5%	$7m	156,815	+14%
Home DepotHD	0.5%	$7m	16,048	-3%
Fortinet	0.5%	$6m	74,095	New
Wisdomtree TRUSFR	0.5%	$6m	113,306	-33%
Travelers CompaniesTRV	0.4%	$5m	19,177	-3%
Lam ResearchLRCX	0.4%	$5m	39,304	-3%
Ishares TRSOXX	0.4%	$5m	19,213	Held
Ishares TRITA	0.4%	$5m	23,560	Held
NikeNKE	0.4%	$5m	70,520	-13%
Spdr Index SHS FDSSPEM	0.4%	$5m	103,638	Held
AmgenAMGN	0.4%	$5m	16,673	-2%
BlackRockBLK	0.4%	$5m	4,008	Held
StarbucksSBUX	0.4%	$5m	54,747	-3%
Wheaton Precious MetalsWPM	0.4%	$4m	39,586	-5%
Vanguard MUN BD FDSVTEB	0.4%	$4m	87,473	-7%
RTX	0.4%	$4m	25,323	New
ExxonMobil HoldingsXOM	0.4%	$4m	37,531	Held
CintasCTAS	0.4%	$4m	20,475	-4%
PepsiCoPEP	0.3%	$4m	29,691	Held
Vanguard Index FDSVOO	0.3%	$4m	6,739	Held
PaccarPCAR	0.3%	$4m	41,224	Held
Booking HoldingsBKNG	0.3%	$4m	736	-6%
Ishares TRIVW	0.3%	$4m	32,398	Held
State STR Spdr S&P Midcap 40MDY	0.3%	$4m	6,524	Held
Spdr Series TrustSLYG	0.3%	$4m	41,199	+8%
Ishares TRMBB	0.3%	$4m	40,475	+27%
EcolabECL	0.3%	$3m	12,688	-4%
Doubleline ETF TrustDBND	0.3%	$3m	74,663	+42%
Vanguard World FDVGT	0.3%	$3m	4,636	-64%
DanaherDHR	0.3%	$3m	17,439	-2%
Veeva SystemsVEEV	0.3%	$3m	11,100	-3%
ChubbCB	0.3%	$3m	11,648	-3%
Schwab Strategic TRSCHM	0.3%	$3m	109,703	Held
Northrop GrummanNOC	0.3%	$3m	5,286	-2%
J P Morgan Exchange Traded FJEPI	0.3%	$3m	54,021	-5%
Walt DisneyDIS	0.3%	$3m	26,813	-8%
Procter & GamblePG	0.3%	$3m	19,880	+2%
Ishares TRQUAL	0.3%	$3m	15,514	Held
IsharesIEMG	0.3%	$3m	45,404	+5%
AlphabetGOOG	0.2%	$3m	12,022	-9%
UnitedHealth GroupUNH	0.2%	$3m	8,388	-7%
NextEra EnergyNEE	0.2%	$3m	35,912	Held
Honeywell InternationalHON	0.2%	$3m	12,867	Held
Union PacificUNP	0.2%	$3m	11,257	Held
Uber TechnologiesUBER	0.2%	$3m	26,597	-12%
Goldman Sachs ETF TRGIGB	0.2%	$3m	55,139	+12%
AdobeADBE	0.2%	$3m	7,206	-22%
Vanguard Star FDSVXUS	0.2%	$3m	34,533	+6%
Expeditors International of WashingtonEXPD	0.2%	$3m	20,645	-3%
Valero EnergyVLO	0.2%	$3m	14,857	-5%
Spdr Series TrustMDYG	0.2%	$2m	27,139	+6%
KLAKLAC	0.2%	$2m	2,256	Held
Arista NetworksANET	0.2%	$2m	16,435	Held
ChevronCVX	0.2%	$2m	15,257	+10%
Schwab Strategic TRSCHG	0.2%	$2m	73,325	Held
J P Morgan Exchange Traded FJMST	0.2%	$2m	45,417	+5%
ZoetisZTS	0.2%	$2m	14,658	-5%
Spdr Series TrustSPYV	0.2%	$2m	36,904	Held
Public StoragePSA	0.2%	$2m	6,846	-4%
Vanguard Whitehall FDSVYM	0.2%	$2m	13,651	-9%
Eli LillyLLY	0.2%	$2m	2,512	+35%

Showing the largest 100 of 233.

Over time and by industry

Value over time

Sep '25

Value is up 0.5% since 30 June 2025.

Where the money is

Technology20.5%

Financial services5.7%

Retail & consumer4.9%

Media & telecom4.5%

Everyday goods2.9%

Health care2.7%

Industrials2.4%

Energy0.8%

Materials0.8%

Real estate0.4%

Utilities0.4%

Other54.0%

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.