SEC 13F Intelligence

Managers / Q3 2022 · view latest →

Bristlecone Advisors, LLC

CIK 0001671716 · 10900 NE 4TH STREET, SUITE 1920, BELLEVUE, WA, 98004 · 206-664-2500

Reported Value
$766M
Q3 2022
Positions
242
Filings on Record
28
2019–present window
Filed
Oct 27, 2022
original filing

Summary

Bristlecone Advisors, LLC reported $766M in U.S.-listed holdings across 242 positions for Q3 2022.

Its largest position, MSFT, represents 9.6% of the portfolio.

Compared with Q2 2022, the fund opened 7 new positions and exited 12.

Portfolio Metrics

Turnover
+2.4%
vs prior filed quarter
Top-10 Concentration
+38.1%
share of reported value
Largest Position
+9.6%
Microsoft
New / Exited
7 / 12
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $333MQ4 ’18Q1 ’19: $357MQ2 ’19: $421MQ3 ’19: $411MQ4 ’19: $498MQ4 ’19Q1 ’20: $419MQ2 ’20: $494MQ3 ’20: $548MQ4 ’20: $629MQ4 ’20Q1 ’21: $662MQ2 ’21: $739MQ3 ’21: $764MQ4 ’21: $833MQ4 ’21Q1 ’22: $814MQ2 ’22: $810MQ3 ’22: $766MQ4 ’22: $816MQ4 ’22Q1 ’23: $912MQ2 ’23: $995MQ3 ’23: $890MQ4 ’23: $990MQ4 ’23Q1 ’24: $1.1BQ2 ’24: $1.2BQ3 ’24: $1.2BQ4 ’24: $1.3BQ4 ’24Q1 ’25: $1.2BQ2 ’25: $1.2BQ3 ’25: $1.2Bfilingsflow.com

Portfolio Composition

By security type
ETP: 51.9%Common Stock: 45.5%REIT: 1.0%Other: 1.0%ADR: 0.4%Other: 0.2%
  • ETP · 51.9% · $398M
  • Common Stock · 45.5% · $349M
  • REIT · 1.0% · $8M
  • Other · 1.0% · $7M
  • ADR · 0.4% · $3M
  • Other · 0.2% · $1M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
ISHARES TRNEW+9.2K9.2K+$838,000$838,000
EQREQUITY RESIDENTIALNEW+11.1K11.1K+$745,000$745,000
EQNREQUINOR ASANEW+11.2K11.2K+$371,000$371,000
VANGUARD SCOTTSDALE FDSNEW+4.1K4.1K+$313,000$313,000
VANGUARD WORLD FDNEW+3.3K3.3K+$284,000$284,000
TPGTPG INCNEW+8.0K8.0K+$222,000$222,000
LOWLOWES COS INCNEW+1.1K1.1K+$208,000$208,000
GOOGLALPHABET INCADDED+102.6K107.9K−$1M$10M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q3 2022

37 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1ISHARES TRCORE S&P500 ETF · CORE S&P MCP ETF · CORE US AGGBD ET · RUS MID CAP ETF · CORE S&P SCP ETF · MSCI EAFE ETF11.12%$85M688.8K
2MSFTMICROSOFT CORPhistory →COM10.15%$78M333.9K
3NDQINVESCO QQQ TRhistory →UNIT SER 14.33%$33M124.0K
4AAPLAPPLE INChistory →COM4.09%$31M226.9K
5SCHWAB STRATEGIC TRUS LRG CAP ETF · INTL EQTY ETF3.83%$29M814.2K
6VUGVANGUARD INDEX FDSSMALL CP ETF · GROWTH ETF · S&P 500 ETF SHS · MID CAP ETF3.75%$29M140.5K
7ARK ETF TRINNOVATION ETF3.48%$27M706.6K
8SPDR SER TRPORTFOLIO AGRGTE3.11%$24M955.9K
9J P MORGAN EXCHANGE TRADED FULTRA SHRT INC · ULTRA SHT MUNCPL · EQUITY PREMIUM2.89%$22M439.2K
10SPDR INDEX SHS FDSPORTFOLIO DEVLPD2.54%$19M755.4K
11AMZNAMAZON COM INChistory →COM2.52%$19M170.8K
12SPDR S&P 500 ETF TRTR UNIT2.38%$18M51.1K
13GOLDMAN SACHS ETF TRACES ULTRA SHR2.25%$17M347.4K
14GOOGLALPHABET INCCAP STK CL A · CAP STK CL C2.12%$16M169.8K
15COSTCOSTCO WHSL CORP NEWhistory →COM1.63%$13M26.5K
16WISDOMTREE TRUS LARGECAP DIVD1.57%$12M217.3K
17SELECT SECTOR SPDR TRTECHNOLOGY1.00%$8M64.6K
18NKENIKE INCCL B0.91%$7M84.2K
19UNHUNITEDHEALTH GROUP INCCOM0.78%$6M11.8K
20JNJJOHNSON & JOHNSONCOM0.77%$6M35.9K
21BRK/BBERKSHIRE HATHAWAY INC DELCL B NEW0.75%$6M21.5K
22HDHOME DEPOT INCCOM0.74%$6M20.4K
23VVISA INCCOM CL A0.68%$5M29.3K
24METAMETA PLATFORMS INCCL A0.65%$5M36.9K
25NVDANVIDIA CORPORATIONCOM0.61%$5M38.6K
26DHRDANAHER CORPORATIONCOM0.57%$4M17.0K
27JPMJPMORGAN CHASE & COCOM0.57%$4M41.5K
28FTNTFORTINET INCCOM0.56%$4M87.4K
29SBUXSTARBUCKS CORPCOM0.56%$4M50.5K
30VANGUARD INTL EQUITY INDEX FFTSE EMR MKT ETF0.55%$4M114.9K
31AMGNAMGEN INCCOM0.52%$4M17.6K
32TRVTRAVELERS COMPANIES INCCOM0.48%$4M24.2K
33PCARPACCAR INCCOM0.48%$4M43.8K
34VANGUARD WORLD FDSINF TECH ETF0.46%$4M11.5K
35PEPPEPSICO INCCOM0.45%$3M21.3K
36CITCINTAS CORPCOM0.42%$3M8.3K
37EXMOCEXXON MOBIL CORPCOM0.41%$3M36.3K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q3 2025$1.2B233Oct 24, 202513F-HRchanges · EDGAR ↗
Q2 2025$1.2B296Aug 4, 202513F-HRchanges · EDGAR ↗
Q1 2025$1.2B380May 12, 202513F-HRchanges · EDGAR ↗
Q4 2024$1.3B376Jan 29, 202513F-HRchanges · EDGAR ↗
Q3 2024$1.2B365Oct 24, 202413F-HRchanges · EDGAR ↗
Q2 2024$1.2B291Jul 25, 202413F-HRchanges · EDGAR ↗
Q1 2024$1.1B270Apr 22, 202413F-HRchanges · EDGAR ↗
Q4 2023$990M272Jan 25, 202413F-HRchanges · EDGAR ↗
Q3 2023$890M260Oct 16, 202313F-HRchanges · EDGAR ↗
Q2 2023$995M278Aug 3, 202313F-HRchanges · EDGAR ↗
Q1 2023$912M353May 11, 202313F-HRchanges · EDGAR ↗
Q4 2022$816M256Feb 14, 202313F-HRchanges · EDGAR ↗
Q3 2022$766M242Oct 27, 202213F-HRchanges · EDGAR ↗
Q2 2022$810M248Jul 25, 202213F-HRchanges · EDGAR ↗
Q1 2022$814M234Apr 22, 202213F-HRchanges · EDGAR ↗
Q4 2021$833M236Jan 19, 202213F-HRchanges · EDGAR ↗
Q3 2021$764M221Oct 19, 202113F-HRchanges · EDGAR ↗
Q2 2021$739M220Jul 21, 202113F-HRchanges · EDGAR ↗
Q1 2021$662M214Apr 30, 202113F-HRchanges · EDGAR ↗
Q4 2020$629M201Jan 25, 202113F-HRchanges · EDGAR ↗
Q3 2020$548M201Oct 20, 202013F-HRchanges · EDGAR ↗
Q2 2020$494M165Jul 16, 202013F-HRchanges · EDGAR ↗
Q1 2020$419M151Apr 16, 202013F-HRchanges · EDGAR ↗
Q4 2019$498M200Jan 21, 202013F-HRchanges · EDGAR ↗
Q3 2019$411M144Oct 28, 201913F-HRchanges · EDGAR ↗
Q2 2019$421M178Jul 19, 201913F-HRchanges · EDGAR ↗
Q1 2019$357M98Apr 23, 201913F-HRchanges · EDGAR ↗
Q4 2018$333M142Jan 15, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.