CIK: 0002110106
Total reported value
$164.7M
Reporting period: 2026-03-31 · Number of holdings: 60
BITTERROOT CAPITAL ADVISORS LLC disclosed 60 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $164.7M and a quarterly turnover rate of 17.5%.
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Bitterroot Capital Advisors LLC's disclosed holdings carry a Herfindahl concentration index of 0.170 — mathematically equivalent to about 6 equally-sized positions, well below its 60 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 3.06), with a handful of outsized bets alongside many smaller positions.
Recent activity leans toward adding more aggressively to already-large existing positions than to newly initiated ones (a 4.8 percentage-point tilt) — a pattern consistent with a momentum-following approach.
Sector classification currently covers about 5% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Add SGOV
+54.5% $19.5M
Trim QUAL
+0.1% -$912.2K
Trim IWF
+0.1% -$1.5M
Trim IQLT
+0.1% $303.8K
Trim IWD
+0.2% $268.5K
Trim SPY
+0.2% -$270.7K
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | SGOV | Ishares 0-3 Month Treasury B | ETF-Gov Bonds | 33.41% | +9.08% | +54.51% | |
| 2 | QUAL | Ishares Msci USA Quality Fac | ETF-Other | 16.25% | -2.70% | +0.12% | |
| 3 | IQLT | Ishares Msci International Q | ETF-Other | 10.61% | -1.15% | +0.06% | |
| 4 | IWD | Ishares Russell 1000 Value E | ETF-Other | 9.40% | -1.02% | +0.18% | |
| 5 | IWF | Ishares Russell 1000 Growth | ETF-Other | 8.33% | -2.08% | +0.15% | |
| 6 | IEFA | Ishares Core Msci Eafe ETF | ETF-Other | 5.35% | -0.60% | +0.14% | |
| 7 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 3.51% | -0.64% | +0.17% | |
| 8 | TSLA | Tesla INC | Stock-Consumer Disc | 1.80% | -0.63% | +0.95% | |
| 9 | VIG | Vanguard Dividend Apprec ETF | ETF-Other | 1.30% | -0.19% | +0.13% | |
| 10 | MSCI | Msci INC | Stock-Financials | 1.20% | +1.20% | NEW | |
| 11 | MDY | State Street Spdr S&p Midcap | ETF-Other | 1.10% | -0.11% | — | |
| 12 | EFA | Ishares Msci Eafe ETF | ETF-Other | 1.00% | -0.11% | — | |
| 13 | IVV | Ishares Core S&p 500 ETF | ETF-Large Cap & Growth | 0.64% | -0.11% | +0.19% | |
| 14 | DIA | Ss Spdr Dow Jones Indus Avg | ETF-Large Cap & Growth | 0.62% | -0.11% | — | |
| 15 | PAGP | Plains Gp Holdings Lp-cl A | Stock-Energy | 0.61% | +0.08% | +1.95% | |
| 16 | EEM | Ishares Msci Emerging Market | ETF-Emerging Markets | 0.55% | -0.05% | — | |
| 17 | EPD | Enterprise Products Partners | Stock-Energy | 0.54% | +0.03% | +1.50% | |
| 18 | ACWI | Ishares Msci Acwi ETF | ETF-Other | 0.46% | -0.07% | — | |
| 19 | MPLX | Mplx LP | Stock-Energy | 0.33% | -0.01% | +1.88% | |
| 20 | WES | Western Midstream Partners L | Stock-Energy | 0.33% | -0.02% | +2.11% | |
| 21 | NVDA | Nvidia CORP | Stock-Tech | 0.30% | -0.06% | +0.71% | |
| 22 | TOTL | Ss Doubleline Tr Tact ETF | ETF-Other | 0.24% | -0.04% | +0.61% | |
| 23 | GLD | Spdr Gold Shares | ETF-Commodities | 0.23% | -0.01% | — | |
| 24 | BSCT | Invesco Bulletshares 2029 Cb | ETF-Other | 0.23% | -0.03% | +0.57% | |
| 25 | IBIT | Ishares Bitcoin Trust ETF | ETF-Crypto | 0.22% | -0.10% | — | |
| 26 | FBTC | Fidelity Wise Origin Bitcoin | ETF-Crypto | 0.22% | -0.10% | — | |
| 27 | BSCU | Invesco Bulletshares 2030 Cb | ETF-Other | 0.17% | -0.09% | -25.86% | |
| 28 | SCHO | Schwab Short-term US Treas | ETF-Other | 0.12% | — | — | |
| 29 | IEMG | Ishares Core Msci Emerging | ETF-Emerging Markets | 0.11% | -0.01% | — | |
| 30 | SHV | Ishares 0-1 Year Treasury Bo | ETF-Gov Bonds | 0.06% | — | — | |
| 31 | HYFI | AB High Yield ETF | ETF-High Yield | 0.06% | — | +1.79% | |
| 32 | VTEB | Vanguard Tax-exempt Bond ETF | ETF-Other | 0.06% | — | — | |
| 33 | HON | Honeywell International INC | Stock-Industrials | 0.06% | — | — | |
| 34 | VWO | Vanguard Ftse Emerging Marke | ETF-Emerging Markets | 0.06% | — | — | |
| 35 | VOO | Vanguard S&p 500 ETF | ETF-Large Cap & Growth | 0.06% | -0.01% | — | |
| 36 | BSJT | Invesco Bulletshares 2029 Hy | ETF-Other | 0.05% | -0.06% | -46.16% | |
| 37 | EWC | Ishares Msci Canada ETF | ETF-Other | 0.05% | -0.01% | — | |
| 38 | HYG | Ishr Ibx Usd Hiyld Cb Etf-ui | ETF-High Yield | 0.05% | -0.01% | — | |
| 39 | AMZN | Amazon.com INC | Stock-Consumer Disc | 0.05% | -0.01% | — | |
| 40 | CBSH | Commerce Bancshares INC | Stock-Financials | 0.04% | -0.01% | — | |
| 41 | DBEF | Xtrackers Msci Eafe Hedged E | ETF-Other | 0.03% | -0.01% | — | |
| 42 | SCZ | Ishares Msci Eafe Small-cap | ETF-Other | 0.03% | — | — | |
| 43 | UNH | Unitedhealth Group INC | Stock-Healthcare | 0.02% | +0.02% | NEW | |
| 44 | MSFT | Microsoft CORP | Stock-Tech | 0.02% | +0.02% | NEW | |
| 45 | SOC | Sable Offshore CORP | Stock-Other | 0.02% | -0.08% | -90.63% | |
| 46 | BSJU | Invesco Bulletshares 2030 Hy | ETF-Other | 0.01% | -0.12% | -86.79% | |
| 47 | BN | Brookfield CORP | Stock-Financials | 0.01% | +0.01% | NEW | |
| 48 | MU | Micron Technology INC | Stock-Tech | 0.01% | — | +18.18% | |
| 49 | PYPL | Paypal Holdings INC | Stock-Financials | 0.01% | +0.01% | NEW | |
| 50 | SPGI | S&p Global INC | Stock-Financials | 0.01% | +0.01% | NEW |
Performance for Q3 2026
+4.5%
Performance Last 4 Quarters
+6.6%
Based on 5 months of available history
Based on 51% of reported portfolio value with available pricing
Bitterroot Capital Advisors LLC's most significant position changes for 2026-03-31: New buy: Msci INC (MSCI); Sold out: Select Water Solutions INC (WTTR); New buy: Unitedhealth Group INC (UNH); New buy: Microsoft CORP (MSFT); New buy: Brookfield CORP (BN).
| Period | Filed | Type | EDGAR |
|---|---|---|---|
| 2026-03-31 | 2026-05-12 | 13F-HR | View on EDGAR |
| 2025-12-31 | 2026-02-17 | 13F-HR | View on EDGAR |
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