SEC 13F Intelligence

Managers / Q1 2025 · view latest →

Bristlecone Advisors, LLC

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

Reported Value
$1.2B
Q1 2025
Positions
380
Filings on Record
28
2019–present window
Filed
May 12, 2025
original filing

Summary

Bristlecone Advisors, LLC reported $1.2B in U.S.-listed holdings across 380 positions for Q1 2025.

Its largest position, MSFT, represents 10.1% of the portfolio.

Compared with Q4 2024, the fund opened 29 new positions and exited 13.

Portfolio Metrics

Turnover
+4.2%
vs prior filed quarter
Top-10 Concentration
+36.5%
share of reported value
Largest Position
+10.1%
Microsoft
New / Exited
29 / 13
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
Common Stock: 50.7%ETP: 47.8%REIT: 0.8%Other: 0.4%ADR: 0.2%Other: 0.1%
  • Common Stock · 50.7% · $620M
  • ETP · 47.8% · $585M
  • REIT · 0.8% · $10M
  • Other · 0.4% · $5M
  • ADR · 0.2% · $3M
  • Other · 0.1% · $1M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2024 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
BRK/ABERKSHIRE HATHAWAY INC DELNEW+44+$3M$3M
IBMINTERNATIONAL BUSINESS MACHSNEW+2.3K2.3K+$575,400$575,400
CROXCROCS INCNEW+4.5K4.5K+$473,865$473,865
KOCOCA COLA CONEW+3.8K3.8K+$275,236$275,236
AZOAUTOZONE INCNEW+6464+$244,018$244,018
WORLD GOLD TRNEW+3.7K3.7K+$231,469$231,469
GQ9SPDR GOLD TRNEW+794794+$228,784$228,784
TSCOTRACTOR SUPPLY CONEW+3.7K3.7K+$203,870$203,870

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

Holdings — Q1 2025

36 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1ISHARES TRCORE S&P500 ETF · CORE US AGGBD ET · CORE S&P MCP ETF · CORE S&P SCP ETF · RUS MID CAP ETF · MSCI EAFE ETF13.00%$159M1.40M
2MSFTMICROSOFT CORPhistory →COM10.06%$123M327.9K
3VUGVANGUARD INDEX FDShistory →LARGE CAP ETF · SMALL CP ETF · GROWTH ETF · TOTAL STK MKT · MID CAP ETF5.35%$65M245.9K
4AAPLAPPLE INChistory →COM3.70%$45M203.8K
5WISDOMTREE TRFLOATNG RAT TREA · US LARGECAP DIVD3.51%$43M728.1K
6SCHWAB STRATEGIC TRUS LRG CAP ETF · INTL EQTY ETF3.24%$40M1.86M
7AMZNAMAZON COM INChistory →COM2.88%$35M185.6K
8SPDR INDEX SHS FDSPORTFOLIO DEVLPD2.75%$34M923.9K
9NVDANVIDIA CORPORATIONhistory →COM2.66%$33M300.5K
10SPDR SER TRPORTFOLIO AGRGTE · PRTFLO S&P500 GW2.41%$29M999.2K
11GOOGLALPHABET INChistory →CAP STK CL A · CAP STK CL C2.32%$28M183.2K
12COSTCOSTCO WHSL CORP NEWhistory →COM2.21%$27M28.6K
13AJGGALLAGHER ARTHUR J & COhistory →COM1.93%$24M68.3K
14VANGUARD BD INDEX FDSTOTAL BND MRKT1.47%$18M245.1K
15SELECT SECTOR SPDR TRTECHNOLOGY1.31%$16M77.4K
16METAMETA PLATFORMS INChistory →CL A1.14%$14M24.2K
17SPDR S&P 500 ETF TRTR UNIT1.11%$14M24.2K
18VANGUARD TAX-MANAGED FDSVAN FTSE DEV MKT1.03%$13M247.9K
19GOLDMAN SACHS ETF TRULTRA SHORT BOND · ACCESS US AGRAT1.01%$12M269.8K
20BRK/BBERKSHIRE HATHAWAY INC DELhistory →CL B NEW0.92%$11M21.2K
21J P MORGAN EXCHANGE TRADED FULTRA SHRT ETF0.88%$11M212.4K
22JPMJPMORGAN CHASE & CO.COM0.77%$9M38.5K
23NDQINVESCO QQQ TRUNIT SER 10.71%$9M18.5K
24VVISA INCCOM CL A0.68%$8M23.9K
25PLTRPALANTIR TECHNOLOGIES INCCL A0.68%$8M99.1K
26FTNTFORTINET INCCOM0.66%$8M84.4K
27JNJJOHNSON & JOHNSONCOM0.64%$8M47.1K
28VANGUARD WORLD FDINF TECH ETF0.62%$8M13.9K
29TSLATESLA INCCOM0.59%$7M27.9K
30SBUXSTARBUCKS CORPCOM0.59%$7M73.5K
31VANGUARD INTL EQUITY INDEX FFTSE EMR MKT ETF0.56%$7M150.3K
32NKENIKE INCCL B0.54%$7M104.8K
33HDHOME DEPOT INCCOM0.54%$7M18.0K
34VANGUARD MUN BD FDSTAX EXEMPT BD0.52%$6M129.5K
35NFLXNETFLIX INCCOM0.48%$6M6.2K
36AMGNAMGEN INCCOM0.45%$6M17.8K

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 ↗.