Bristlecone Advisors, LLC

CIK

1671716

Location

SEATTLE, WA

Portfolio Value

Mid $1,150,101,555

Diversification

Diversified

Filing Date

Global Rank

#2,041 / 8,095 ▼ 102 · as of Sep 2025

Top Industry

Software - Infrastructure 23.6%

3Y Alpha vs SPY

+20.1%

Period ended 11 months ago

Filed Oct 24, 2025 · 11mo

23 quarters · since Mar 2020

Clone Performance

Sep 2023–Apr 2026 · vs SPY

Hypothetical growth of buying every stock this filer reported holding, rebalancing on each filing and indexed to the same start. Option positions cannot be bought this way and are left out.

Cloned portfolio

+131.6%

SPY

+53.8%

Annualised alpha

+20.1%

Max drawdown

−16.7%

Estimate. 13F holdings are quarter-lagged, so the clone rebalances about 45 days after each period end — when the filing becomes public — and it excludes option and short positions. Returns use comparable raw closes and exclude dividends. Captured split ratios restate closes onto one basis; only an unusable ratio can exclude earlier closes for that listing. It tracks 100% of reported value on average across 10 quarters.Bristlecone Advisors, LLC has stopped filing, so the simulation ends in Apr 2026 — where its last reported portfolio went stale — rather than trading that portfolio forward to today. Past performance does not predict future results.

Portfolio Concentration

156 tracked positions · as of Sep 30, 2025 · Δ vs Jun 30, 2025

Top Position

18.9%

+1.5 pts

Top 5

42.4%

−1.9 pts

Top 10

59.0%

−1.4 pts

HHI

619

Diversified−17

Portfolio Trend

23 quarters · across all stocks

Sector Breakdown

As of Sep 30, 2025

Sector	% Portfolio	Value	Positions
Unclassified	52.2%	$599,906,569	40
Technology	21.5%	$247,443,661	23
Financial Services	6.0%	$68,730,110	17
Consumer Cyclical	5.0%	$58,071,422	12
Communication Services	4.7%	$54,255,127	6
Consumer Defensive	3.0%	$34,575,789	8
Healthcare	2.8%	$32,114,484	17
Industrials	2.3%	$26,423,348	17
Energy	0.9%	$9,854,517	4
Basic Materials	0.8%	$9,413,065	6
Real Estate	0.4%	$5,006,067	4
Utilities	0.4%	$4,307,396	2

Last Quarter's Activity

Export CSV

Sep 30, 2025 vs Jun 30, 2025

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
BBAG	JPMorgan BetaBuilders U.S. Aggregate Bond ETF	+68,125	444,427	$22,903,973
AAXJ	iShares MSCI All Country Asia ex Japan ETF	+59,857	1,715,949	$217,510,057
BIV	Vanguard Intermediate-Term Bond ETF	+57,474	303,262	$22,553,594
GBIL	Goldman Sachs Access Treasury 0-1 Year ETF	+30,978	380,834	$18,292,848
BWX	State Street SPDR Bloomberg International Treasury Bond ETF	+26,202	1,125,126	$42,202,086
CWI	State Street SPDR MSCI ACWI ex-US ETF	+24,645	1,080,510	$46,651,646
CAPE	DoubleLine Shiller CAPE U.S. Equities ETF	+21,993	74,663	$3,474,069
BNDW	Vanguard Total World Bond ETF	+21,196	30,562	$1,954,834
VEU	Vanguard FTSE All-World Ex-US ETF	+5,018	164,650	$9,231,899
VEA	Vanguard FTSE Developed Markets ETF	+4,354	264,824	$15,868,254
ORCL	Oracle Corp	+2,632	3,672	$1,032,713
AGRH	iShares Interest Rate Hedged U.S. Aggregate Bond ETF	+2,369	20,699	$1,050,474
ABBV	AbbVie Inc.	+2,033	3,540	$819,651
VXUS	Vanguard Total International Stock ETF	+1,837	34,533	$2,536,794
GLD	Spdr Gold Trust	+1,491	2,571	$913,913
VFMF	Vanguard U.S. Multifactor ETF	+1,475	3,476	$354,291
CVX	Chevron Corp	+1,391	15,257	$2,369,259
IAU	Ishares Gold Trust	+1,381	25,978	$1,890,419
BKF	iShares MSCI BIC ETF	+1,150	4,300	$229,620
DCOR	Dimensional US Core Equity 1 ETF	+965	16,915	$533,329
WMT	Walmart Inc.	+820	5,894	$607,435
LLY	ELI LILLY & Co	+655	2,512	$1,916,656
SPY	Spdr S&P 500 ETF Trust	+580	23,981	$15,975,662
PG	PROCTER & GAMBLE Co	+390	19,880	$3,054,562
SYK	Stryker Corp	+290	1,256	$464,305
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
MSFT	Microsoft Corp	−89,864	226,320	$117,222,444
AGGY	WisdomTree Yield Enhanced U.S. Aggregate Bond Fund	−64,679	392,282	$28,704,309
FNDA	Schwab Fundamental U.S. Small Company ETF	−60,460	2,026,054	$52,423,713
VB	Vanguard Morningstar Small-Cap ETF	−37,182	219,702	$52,463,946
AMZN	Amazon Com Inc	−35,109	122,211	$26,833,869
PFE	Pfizer Inc	−26,177	49,316	$1,256,571
AAPL	Apple Inc.	−20,962	177,528	$45,203,954
WY	Weyerhaeuser Co	−13,708	42,796	$1,060,912
INTC	Intel Corp	−11,753	37,995	$1,274,732
NKE	NIKE, Inc.	−10,095	70,520	$4,917,359
EDV	Vanguard World Funds Extended Duration ETF	−9,899	8,715	$1,017,834
NVO	Novo Nordisk A S	−8,385	6,875	$381,493
TTEK	Tetra Tech Inc	−7,907	54,506	$1,819,410
CMCSA	Comcast Corp	−7,797	44,143	$1,386,970
PYPL	PayPal Holdings, Inc.	−7,166	19,821	$1,329,196
VCRM	Vanguard Core Tax-Exempt Bond ETF	−6,803	87,473	$4,379,773
ALB	Albemarle Corp	−6,526	6,371	$516,560
UPS	United Parcel Service Inc	−4,056	17,313	$1,446,154
UBER	Uber Technologies, Inc	−3,480	26,597	$2,605,708
GOOGL	Alphabet Inc.	−3,385	116,104	$28,230,292
BTC	Grayscale Bitcoin Mini Trust ETF	−2,826	16,046	$812,408
BNDC	FlexShares Core Select Bond Fund	−2,763	18,455	$1,125,016
NVDA	Nvidia Corp	−2,754	259,999	$48,510,613
DIS	Walt Disney Co	−2,462	26,813	$3,070,088
ACLO	TCW AAA CLO ETF	−2,313	9,602	$938,028
No positions match the current search.

New Positions

Positions the filer opened this quarter

14 positions

Ticker	Company	Shares	Value
AAAD	PGIM AAA CLO Aggregate Duration ETF	13,694	$682,372
AVGO	Broadcom Inc.	1,828	$603,075
BNDX	Vanguard Total International Bond ETF	8,425	$416,700
TMO	Thermo Fisher Scientific Inc.	694	$336,603
BMNR	Bitmine Immersion Technologies, Inc.	6,200	$321,966
AAAP	Pacer Barings CLO Market Flex ETF	5,125	$294,533
RKLB	Rocket Lab Corp	5,200	$249,132
PHM	Pultegroup Inc/Mi/	1,792	$236,776
FNV	FRANCO NEVADA Corp	1,000	$222,910
TSCO	Tractor Supply Co /De/	3,700	$210,419
GE	General Electric Co	698	$209,972
PH	Parker-Hannifin Corp	267	$202,426
RGLD	Royal Gold Inc	1,000	$200,580
ETHA	iShares Ethereum Trust ETF	9,000	$0
No positions match the current search.

Sold Out

Positions the filer fully exited

13 positions

Ticker	Company	Shares	Value
FTNT	Fortinet, Inc.	76,451	$8,082,399
RTX	RTX Corp	25,777	$3,763,957
ABI	VictoryShares Pioneer Asset-Based Income ETF	10,741	$561,426
DG	Dollar General Corp	3,512	$401,702
MU	Micron Technology Inc	3,175	$391,318
GLDM	World Gold Trust	5,400	$353,808
TTD	Trade Desk, Inc.	3,683	$265,139
VRSK	Verisk Analytics, Inc.	700	$218,050
SANA	Sana Biotechnology, Inc.	50,000	$136,500
IBB	iShares Biotechnology ETF	786	$99,436
IBRX	ImmunityBio, Inc.	36,000	$95,040
LUMN	Lumen Technologies, Inc.	14,500	$63,510
CVY	Invesco Zacks Multi-Asset Income ETF	391	$15,901
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

156 tracked positions · $1,150,101,555 total · filing declares 233 positions · $1,196,515,645 · as of Sep 30, 2025

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 156 positions by value · page 1 of 4

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
AAXJ	iShares MSCI All Country Asia ex Japan ETF	Added	1,715,949	+59,857	$217,510,057	+8.4%	18.91%
MSFT	Microsoft Corp Technology	Reduced	226,320	-89,864	$117,222,444	−25.5%	10.19%
VB	Vanguard Morningstar Small-Cap ETF	Reduced	219,702	-37,182	$52,463,946	−12.4%	4.56%
FNDA	Schwab Fundamental U.S. Small Company ETF	Reduced	2,026,054	-60,460	$52,423,713	+4.1%	4.56%
NVDA	Nvidia Corp Technology	Reduced	259,999	-2,754	$48,510,613	+16.9%	4.22%
CWI	State Street SPDR MSCI ACWI ex-US ETF	Added	1,080,510	+24,645	$46,651,646	+8.5%	4.06%
AAPL	Apple Inc. Technology	Reduced	177,528	-20,962	$45,203,954	+11.0%	3.93%
BWX	State Street SPDR Bloomberg International Treasury Bond ETF	Added	1,125,126	+26,202	$42,202,086	+7.2%	3.67%
AGGY	WisdomTree Yield Enhanced U.S. Aggregate Bond Fund	Reduced	392,282	-64,679	$28,704,309	−5.4%	2.50%
GOOGL	Alphabet Inc. Communication Services	Reduced	116,104	-3,385	$28,230,292	+34.0%	2.45%
AMZN	Amazon Com Inc Consumer Cyclical	Reduced	122,211	-35,109	$26,833,869	−22.3%	2.33%
COST	Costco Wholesale Corp /New Consumer Defensive	Reduced	26,551	-152	$24,576,402	−7.0%	2.14%
BBAG	JPMorgan BetaBuilders U.S. Aggregate Bond ETF	Added	444,427	+68,125	$22,903,973	+17.9%	1.99%
BIV	Vanguard Intermediate-Term Bond ETF	Added	303,262	+57,474	$22,553,594	+24.6%	1.96%
AJG	Arthur J. Gallagher & Co. Financial Services	Held	67,794	0	$20,998,513	−3.2%	1.83%
GBIL	Goldman Sachs Access Treasury 0-1 Year ETF	Added	380,834	+30,978	$18,292,848	+7.4%	1.59%
SPY	Spdr S&P 500 ETF Trust	Added	23,981	+580	$15,975,662	+10.5%	1.39%
VEA	Vanguard FTSE Developed Markets ETF	Added	264,824	+4,354	$15,868,254	+6.9%	1.38%
META	Meta Platforms, Inc. Communication Services	Added	19,799	+135	$14,539,989	+0.2%	1.26%
XLBI	State Street Materials Select Sector SPDR Premium Income ETF	Reduced	95,291	-49	$12,906,357	+10.5%	1.12%
PLTR	Palantir Technologies Inc. Technology	Reduced	61,746	-256	$11,263,705	+33.3%	0.98%
JPM	Jpmorgan Chase & Co Financial Services	Reduced	34,386	-766	$10,846,375	+6.4%	0.94%
BRK-B	Berkshire Hathaway Inc Financial Services	Reduced	19,841	-402	$9,974,864	−5.6%	0.87%
TSLA	Tesla, Inc. Consumer Cyclical	Reduced	21,823	-1,215	$9,705,124	+32.6%	0.84%
QQQ	Invesco Qqq Trust, Series 1	Reduced	15,558	-94	$9,340,556	+8.2%	0.81%
VEU	Vanguard FTSE All-World Ex-US ETF	Added	164,650	+5,018	$9,231,899	+12.6%	0.80%
V	Visa Inc. Financial Services	Reduced	21,983	-577	$7,504,556	−6.3%	0.65%
JNJ	Johnson & Johnson Healthcare	Reduced	39,236	-1,340	$7,275,139	+17.4%	0.63%
NFLX	Netflix Inc Communication Services	Added	5,650	+192	$6,773,898	−7.3%	0.59%
HD	Home Depot, Inc. Consumer Cyclical	Reduced	16,048	-461	$6,502,489	+7.4%	0.57%
TRV	Travelers Companies, Inc. Financial Services	Reduced	19,177	-666	$5,354,601	+0.9%	0.47%
LRCX	Lam Research Corp Technology	Reduced	39,304	-1,328	$5,262,805	+33.1%	0.46%
NKE	NIKE, Inc. Consumer Cyclical	Reduced	70,520	-10,095	$4,917,359	−14.1%	0.43%
AMGN	Amgen Inc Healthcare	Reduced	16,673	-421	$4,705,120	−1.4%	0.41%
BLK	BlackRock, Inc. Financial Services	Reduced	4,008	-75	$4,672,806	+9.1%	0.41%
SBUX	Starbucks Corp Consumer Cyclical	Reduced	54,747	-1,832	$4,631,596	−10.7%	0.40%
WPM	Wheaton Precious Metals Corp. Basic Materials	Reduced	39,586	-2,188	$4,427,298	+18.0%	0.38%
VCRM	Vanguard Core Tax-Exempt Bond ETF	Reduced	87,473	-6,803	$4,379,773	−5.2%	0.38%
XOM	ExxonMobil Holdings Corp Energy	Added	37,531	+280	$4,231,620	+5.4%	0.37%
CTAS	Cintas Corp Industrials	Reduced	20,475	-927	$4,202,698	−11.9%	0.37%
PEP	Pepsico Inc Consumer Defensive	Reduced	29,691	-410	$4,169,804	+4.9%	0.36%
PCAR	Paccar Inc Industrials	Reduced	41,224	-374	$4,053,143	+2.5%	0.35%
BKNG	Booking Holdings Inc. Consumer Cyclical	Reduced	736	-44	$3,973,862	−12.0%	0.35%
MDY	Spdr S&P Midcap 400 ETF Trust	Added	6,524	+30	$3,888,499	+5.7%	0.34%
ECL	Ecolab Inc. Basic Materials	Reduced	12,688	-589	$3,474,735	−2.9%	0.30%
CAPE	DoubleLine Shiller CAPE U.S. Equities ETF	Added	74,663	+21,993	$3,474,069	+42.6%	0.30%
DHR	Danaher Corp /De/ Healthcare	Reduced	17,439	-360	$3,457,456	−1.7%	0.30%
VEEV	Veeva Systems Inc Healthcare	Reduced	11,100	-316	$3,306,801	+0.6%	0.29%
CB	Chubb Ltd Financial Services	Reduced	11,648	-363	$3,287,648	−5.5%	0.29%
NOC	Northrop Grumman Corp /De/ Industrials	Reduced	5,286	-108	$3,220,865	+19.4%	0.28%

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.