SEC 13F Intelligence

Managers / Q1 2026

BLUESTEM FINANCIAL ADVISORS, LLC

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

Reported Value
$259M
Q1 2026
Positions
33
Filings on Record
28
2019–present window
Filed
Apr 29, 2026
original filing

Summary

Bluestem Financial Advisors, LLC reported $259M in U.S.-listed holdings across 33 positions for Q1 2026.

The portfolio is heavily concentrated: Ishares Tr alone accounts for 20.7% of reported value.

Compared with Q4 2025, the fund opened 4 new positions and exited 1.

Portfolio Metrics

Turnover
+2.2%
vs prior filed quarter
Top-10 Concentration
+83.2%
share of reported value
Largest Position
+20.7%
Ishares Tr
New / Exited
4 / 1
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
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: 99.3%Common Stock: 0.7%
  • ETP · 99.3% · $257M
  • Common Stock · 0.7% · $2M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
VANGUARD MUN BD FDSNEW+30.1K30.1K+$2M$2M
ISHARES TRNEW+5.8K5.8K+$821,665$821,665
APHAMPHENOL CORPNEW+1.9K1.9K+$239,433$239,433
BRK/BBERKSHIRE HATHAWAY INC DELNEW+478478+$229,058$229,058
VUGVANGUARD INDEX FDSSOLD OUT−1.2K0−$570,910$0
STATE STR SPDR S&P 500 ETF TADDED+2871.1K+$161,952$697,941
ISHARES TRTRIMMED−12.3K94.2K−$625,974$5M
SPDR SERIES TRUSTTRIMMED−4.2K45.6K−$508,481$3M

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

Holdings — Q1 2026

16 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1ISHARES TRCORE S&P500 ETF · ESG AWR US AGRGT · ESG MSCI LEADR · ESG AWARE MSCI · CORE 1 5 YR USD · CORE US AGGBD ET · CORE S&P SCP ETF · ESG OPTIMIZED · CORE S&P TTL STK · CORE S&P MCP ETF32.75%$85M552.5K
2VANGUARD BD INDEX FDSTOTAL BND MRKT · SHORT TRM BOND23.15%$60M808.7K
3VANGUARD INDEX FDSSMALL CP ETF · REAL ESTATE ETF · TOTAL STK MKT · S&P 500 ETF SHS · LARGE CAP ETF · MID CAP ETF22.58%$58M314.5K
4VANGUARD INTL EQUITY INDEX FALLWRLD EX US12.65%$33M436.0K
5VANGUARD TAX-MANAGED FDSVAN FTSE DEV MKT2.15%$6M86.8K
6VANGUARD WORLD FDESG INTL STK ETF · ESG US STK ETF1.73%$4M61.1K
7SPDR SERIES TRUSTSTATE STREET SPD1.35%$3M45.6K
8SCHWAB STRATEGIC TRUS SML CAP ETF · US REIT ETF1.08%$3M102.5K
9VANGUARD STAR FDSVG TL INTL STK F0.94%$2M31.7K
10VANGUARD MUN BD FDSTAX EXEMPT BD0.58%$2M30.1K
11AAPLAPPLE INCCOM0.27%$701,2762.8K
12STATE STR SPDR S&P 500 ETF TTR UNIT0.27%$697,9411.1K
13MSFTMICROSOFT CORPCOM0.23%$606,3401.6K
14DBX ETF TRXTRACKERS MSCI0.10%$255,7294.3K
15APHAMPHENOL CORPCL A0.09%$239,4331.9K
16BRK/BBERKSHIRE HATHAWAY INC DELCL B NEW0.09%$229,058478

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 ↗.