SEC 13F Intelligence

Managers / Q4 2023 · view latest →

BLUESTEM FINANCIAL ADVISORS, LLC

CIK 0001820680 · 1809 WOODFIELD DRIVE, SUITE A, SAVOY, IL, 61874 · (217) 352-0000

Reported Value
$172M
Q4 2023
Positions
26
Filings on Record
28
2019–present window
Filed
Feb 14, 2024
original filing

Summary

Bluestem Financial Advisors, LLC reported $172M in U.S.-listed holdings across 26 positions for Q4 2023.

The portfolio is heavily concentrated: Ishares Tr alone accounts for 21.1% of reported value.

Compared with Q3 2023, the fund opened 1 new position and exited 0.

Portfolio Metrics

Turnover
+0.4%
vs prior filed quarter
Top-10 Concentration
+85.9%
share of reported value
Largest Position
+21.1%
Ishares Tr

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
Q2 ’20: $109MQ2 ’20Q3 ’20: $119MQ4 ’20: $136MQ1 ’21: $140MQ1 ’21Q2 ’21: $148MQ3 ’21: $153MQ4 ’21: $161MQ4 ’21Q1 ’22: $159MQ2 ’22: $9MQ3 ’22: $144MQ3 ’22Q4 ’22: $152MQ1 ’23: $162MQ2 ’23: $165MQ2 ’23Q3 ’23: $164MQ4 ’23: $172MQ1 ’24: $194MQ1 ’24Q2 ’24: $198MQ3 ’24: $214MQ4 ’24: $212MQ4 ’24Q1 ’25: $214MQ2 ’25: $233MQ3 ’25: $256MQ3 ’25Q4 ’25: $259MQ1 ’26: $259Mfilingsflow.com

Portfolio Composition

By security type
ETP: 99.7%Common Stock: 0.3%
  • ETP · 99.7% · $171M
  • Common Stock · 0.3% · $589,142

Quarter-over-Quarter Changes full breakdown →

vs Q3 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
SCHWAB STRATEGIC TRNEW+10.1K10.1K+$475,896$475,896
SCHWAB STRATEGIC TRADDED+5.7K20.7K+$161,720$428,787
ISHARES TRTRIMMED−8.0K29.6K−$599,341$3M
ISHARES TRADDED+4.1K38.7K+$281,437$2M
VANGUARD WORLD FDTRIMMED−3873.2K+$2,610$273,970
VANGUARD TAX-MANAGED FDSTRIMMED−8.1K96.4K+$50,792$5M
SPDR S&P 500 ETF TRTRIMMED−66895+$14,594$425,402
ISHARES TRTRIMMED−5.6K76.1K+$1M$36M

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

Holdings — Q4 2023

11 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1ISHARES TRCORE S&P500 ETF · CORE 1 5 YR USD · ESG MSCI LEADR · ESG AWARE MSCI · CORE US AGGBD ET · CORE S&P SCP ETF · ESG AWR US AGRGT · MSCI USA ESG SLC · CORE S&P MCP ETF34.72%$60M470.6K
2VANGUARD BD INDEX FDSSHORT TRM BOND · TOTAL BND MRKT24.05%$41M547.7K
3VANGUARD INDEX FDSSMALL CP ETF · REAL ESTATE ETF · TOTAL STK MKT · LARGE CAP ETF · MID CAP ETF22.93%$39M255.9K
4VANGUARD INTL EQUITY INDEX FALLWRLD EX US10.41%$18M318.9K
5VANGUARD TAX-MANAGED FDSVAN FTSE DEV MKT2.68%$5M96.4K
6VANGUARD WORLD FDESG INTL STK ETF · ESG US STK ETF1.85%$3M55.9K
7SPDR SER TRPORTFOLIO S&P5001.76%$3M54.2K
8SCHWAB STRATEGIC TRUS SML CAP ETF · US REIT ETF0.53%$904,68330.8K
9VANGUARD STAR FDSVG TL INTL STK F0.47%$814,33814.1K
10AAPLAPPLE INCCOM0.34%$589,1423.1K
11SPDR S&P 500 ETF TRTR UNIT0.25%$425,402895

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$259M33Apr 29, 202613F-HRchanges · EDGAR ↗
Q4 2025$259M30Jan 21, 202613F-HRchanges · EDGAR ↗
Q3 2025$256M29Oct 8, 202513F-HRchanges · EDGAR ↗
Q2 2025$233M29Jul 23, 202513F-HRchanges · EDGAR ↗
Q1 2025$214M28May 5, 202513F-HRchanges · EDGAR ↗
Q4 2024$212M27Jan 30, 202513F-HRchanges · EDGAR ↗
Q3 2024$214M27Nov 14, 202413F-HRchanges · EDGAR ↗
Q2 2024$198M27Aug 6, 202413F-HRchanges · EDGAR ↗
Q1 2024$194M28Apr 17, 202413F-HRchanges · EDGAR ↗
Q4 2023$172M26Feb 14, 202413F-HRchanges · EDGAR ↗
Q3 2023$164M25Nov 13, 202313F-HRchanges · EDGAR ↗
Q2 2023$165M25Jul 13, 202313F-HRchanges · EDGAR ↗
Q1 2023$162M26Apr 20, 202313F-HRchanges · EDGAR ↗
Q4 2022$152M26Jan 11, 202313F-HRchanges · EDGAR ↗
Q3 2022$144M27Nov 1, 2022RESTATEMENTchanges · EDGAR ↗
Q2 2022$9M64Aug 12, 202213F-HRchanges · EDGAR ↗
Q1 2022$159M28Apr 26, 2022RESTATEMENTchanges · EDGAR ↗
Q4 2021$161M24Jan 13, 202213F-HRchanges · EDGAR ↗
Q3 2021$153M27Oct 19, 202113F-HRchanges · EDGAR ↗
Q2 2021$148M27Aug 11, 202113F-HRchanges · EDGAR ↗
Q1 2021$140M27Apr 28, 202113F-HRchanges · EDGAR ↗
Q4 2020$136M27Jan 12, 202113F-HRchanges · EDGAR ↗
Q3 2020$119M26Oct 16, 202013F-HRchanges · EDGAR ↗
Q2 2020$109M24Aug 11, 202013F-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 ↗.