BITTERROOT CAPITAL ADVISORS LLC

CIK

2110106

Location

BOZEMAN, MT

Portfolio Value

Micro $18,624,495

Diversification

Moderately concentrated

Filing Date

Global Rank

#7,769 / 8,603 ▲ 145 · as of Mar 2026

Top Industry

Oil & Gas Midstream 33.4%

3Y Alpha vs SPY

-11.1%

Period ended 3 months ago

Filed May 12, 2026 · 58d

2 quarters · since Dec 2025

Clone Performance

Feb 2026–Jul 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+5.9%

SPY

+9.6%

Annualised alpha

-10.5%

Max drawdown

−6.8%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

31 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

31.1%

−3.9 pts

Top 5

72.9%

−3.4 pts

Top 10

91.5%

−0.6 pts

HHI

1,545

Moderately concentrated−324

Portfolio Trend

2 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Unclassified	52.3%	$9,731,331	6
Consumer Cyclical	16.3%	$3,045,102	3
Energy	16.2%	$3,009,201	6
Financial Services	11.4%	$2,114,540	6
Technology	3.0%	$555,841	3
Industrials	0.6%	$105,014	1
Healthcare	0.2%	$37,882	1
Consumer Defensive	0.1%	$10,274	2
Basic Materials	0.0%	$8,377	1
Communication Services	0.0%	$6,933	2

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

8 positions

Ticker	Company	Δ Shares	Shares	Value
PAGP	Plains Gp Holdings LP	+792	41,354	$1,004,075
EPD	Enterprise Products Partners L.P.	+347	23,416	$886,061
WES	Western Midstream Partners, LP	+270	13,038	$536,774
MPLX	Mplx LP	+176	9,518	$543,192
TSLA	Tesla, Inc.	+75	7,975	$2,964,706
NVDA	Nvidia Corp	+20	2,849	$496,865
SPY	Spdr S&P 500 ETF Trust	+15	8,900	$5,788,026
MU	Micron Technology Inc	+10	65	$21,959
No positions match the current search.

Trimmed

Positions the filer reduced

1 positions

Ticker	Company	Δ Shares	Shares	Value	Open
SOC	Sable Offshore Corp.	−14,500	1,500	$24,780
No positions match the current search.

New Positions

Positions the filer opened this quarter

10 positions

Ticker	Company	Shares	Value
MSCI	MSCI Inc.	3,681	$1,984,095
UNH	Unitedhealth Group Inc	140	$37,882
MSFT	Microsoft Corp	100	$37,017
BN	BROOKFIELD Corp /ON/	600	$24,282
PYPL	PayPal Holdings, Inc.	450	$20,353
EQT	EQT Corp	225	$14,319
SPGI	S&P Global Inc.	35	$14,084
KHC	Kraft Heinz Co	250	$5,622
GIS	General Mills Inc	125	$4,652
SKM	Sk Telecom Co Ltd	100	$2,929
No positions match the current search.

Sold Out

Positions the filer fully exited

1 positions

Ticker	Company	Shares	Value	Open
WTTR	Select Water Solutions, Inc.	11,565	$121,663
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

31 positions · $18,624,495 total · as of Mar 31, 2026

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

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
SPY	Spdr S&P 500 ETF Trust	Added	8,900	+15	$5,788,026	−4.5%	31.08%
TSLA	Tesla, Inc. Consumer Cyclical	Added	7,975	+75	$2,964,706	−16.6%	15.92%
MSCI	MSCI Inc. Financial Services	NEW	3,681	NEW	$1,984,095	NEW	10.65%
MDY	Spdr S&P Midcap 400 ETF Trust	Held	2,929	0	$1,806,490	+2.2%	9.70%
DIA	Spdr Dow Jones Industrial Average ETF Trust	Held	2,219	0	$1,027,818	−3.6%	5.52%
PAGP	Plains Gp Holdings LP Energy	Added	41,354	+792	$1,004,075	+29.3%	5.39%
EPD	Enterprise Products Partners L.P. Energy	Added	23,416	+347	$886,061	+19.8%	4.76%
MPLX	Mplx LP Energy	Added	9,518	+176	$543,192	+8.9%	2.92%
WES	Western Midstream Partners, LP Energy	Added	13,038	+270	$536,774	+6.4%	2.88%
NVDA	Nvidia Corp Technology	Added	2,849	+20	$496,865	−5.8%	2.67%
GLD	Spdr Gold Trust	Held	883	0	$379,946	+8.6%	2.04%
IBIT	iShares Bitcoin Trust ETF	Held	9,496	0	$364,836	−22.6%	1.96%
FBTC	Fidelity Wise Origin Bitcoin Fund	Held	6,170	0	$364,215	−22.6%	1.96%
HON	Honeywell International Inc Industrials	Held	443	0	$105,014	+15.9%	0.56%
AMZN	Amazon Com Inc Consumer Cyclical	Held	380	0	$79,142	−9.8%	0.42%
CBSH	Commerce Bancshares Inc /Mo/ Financial Services	Held	1,338	0	$65,829	−6.0%	0.35%
UNH	Unitedhealth Group Inc Healthcare	NEW	140	NEW	$37,882	NEW	0.20%
MSFT	Microsoft Corp Technology	NEW	100	NEW	$37,017	NEW	0.20%
SOC	Sable Offshore Corp. Energy	Reduced	1,500	-14,500	$24,780	−82.8%	0.13%
BN	BROOKFIELD Corp /ON/ Financial Services	NEW	600	NEW	$24,282	NEW	0.13%
MU	Micron Technology Inc Technology	Added	65	+10	$21,959	+39.9%	0.12%
PYPL	PayPal Holdings, Inc. Financial Services	NEW	450	NEW	$20,353	NEW	0.11%
EQT	EQT Corp Energy	NEW	225	NEW	$14,319	NEW	0.08%
SPGI	S&P Global Inc. Financial Services	NEW	35	NEW	$14,084	NEW	0.08%
SOLS	Solstice Advanced Materials Inc. Basic Materials	Held	110	0	$8,377	+56.8%	0.04%
C	Citigroup Inc Financial Services	Held	52	0	$5,897	−2.8%	0.03%
KHC	Kraft Heinz Co Consumer Defensive	NEW	250	NEW	$5,622	NEW	0.03%
GIS	General Mills Inc Consumer Defensive	NEW	125	NEW	$4,652	NEW	0.02%
META	Meta Platforms, Inc. Communication Services	Held	7	0	$4,004	−13.3%	0.02%
SKM	Sk Telecom Co Ltd Communication Services	NEW	100	NEW	$2,929	NEW	0.02%
BABA	Alibaba Group Holding Ltd Consumer Cyclical	Held	10	0	$1,254	−14.4%	0.01%