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Bluestem Financial Advisors, LLC 13F Holdings & Recent Stock Buys (Q3 2026)
Bluestem Financial Advisors, LLCCIK: 0001820680
Sector-focusedMomentum followerQuality / disciplined sizing
Total reported value
$286.4M
Reporting period: 2026-09-30 · Number of holdings: 34
BLUESTEM FINANCIAL ADVISORS, LLC disclosed 34 holdings in its latest 13F filing for the period ending 2026-09-30, with total reported value of $286.4M and a quarterly turnover rate of 8.0%.
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Personality snowflake
- Concentration
- 47.26
- Portfolio Stability
- 7.95
- Momentum
- 100
- Sector conviction
- 100
- Diversification
- 68
- Sizing Uniformity
- 82.37
Bluestem Financial Advisors, LLC's disclosed holdings carry a Herfindahl concentration index of 0.118 — mathematically equivalent to about 8 equally-sized positions, well below its 34 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 1.76), 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 2.3 percentage-point tilt) — a pattern consistent with a momentum-following approach.
Sector classification currently covers about 1% 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.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govAdd AGG
+196.7% $7.8M
Trim BND
-4.8% -$5.4M
Trim VB
+1.7% -$1.7M
Add SUSL
+21.5% $1.6M
Trim VNQ
-0.4% -$1.1M
Add IVV
-0.8% $867.7K
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | IVV | Ishares Core S&p 500 ETF | ETF-Large Cap & Growth | 20.73% | +0.24% | -0.76% | |
| 2 | BND | Vanguard Total Bond Market | ETF-Other | 18.99% | -1.95% | -4.83% | |
| 3 | VEU | Vanguard Ftse All-world Ex-u | ETF-Other | 12.46% | -0.03% | +1.02% | |
| 4 | VB | Vanguard Small-cap ETF | ETF-Other | 12.23% | -0.62% | +1.73% | |
| 5 | VNQ | Vanguard Real Estate ETF | ETF-Other | 4.86% | -0.41% | -0.36% | |
| 6 | AGG | Ishares Core U.s. Aggregate | ETF-Other | 4.18% | +2.70% | +196.73% | |
| 7 | SUSL | Ishares Esg Msci USA Leaders | ETF-Other | 2.90% | +0.57% | +21.50% | |
| 8 | EAGG | Ishares Esg Aware US Aggrega | ETF-Other | 2.67% | +0.11% | +9.51% | |
| 9 | VEA | Vanguard Ftse Developed ETF | ETF-Other | 2.09% | -0.12% | -4.55% | |
| 10 | BSV | Vanguard Short-term Bond ETF | ETF-Other | 2.01% | -0.19% | -6.38% | |
| 11 | ESML | Ishares Esg Aware Msci USA S | ETF-Other | 1.92% | -0.06% | +4.41% | |
| 12 | VSGX | Vanguard Esg Intl Stock ETF | ETF-Other | 1.84% | +0.09% | +6.98% | |
| 13 | VTI | Vanguard Total Stock Mkt ETF | ETF-Other | 1.81% | -0.08% | -5.12% | |
| 14 | ISTB | Ishares Core 1-5 Year Usd Bo | ETF-Other | 1.57% | +0.01% | +3.36% | |
| 15 | SPYM | Ste Str Spdr Pt S&p 500 ETF | ETF-Large Cap & Growth | 1.38% | +0.03% | -0.05% | |
| 16 | VOO | Vanguard S&p 500 ETF | ETF-Large Cap & Growth | 1.36% | -0.11% | -8.65% | |
| 17 | IJR | Ishares Core S&p Small-cap E | ETF-Small Cap | 1.08% | -0.15% | -4.49% | |
| 18 | VV | Vanguard Large-cap ETF | ETF-Other | 0.93% | +0.02% | — | |
| 19 | VXUS | Vanguard Total Intl Stock | ETF-Other | 0.90% | — | +0.68% | |
| 20 | SCHA | Schwab US Small-cap ETF | ETF-Other | 0.88% | -0.08% | +1.93% | |
| 21 | VTEB | Vanguard Tax-exempt Bond ETF | ETF-Other | 0.56% | -0.04% | — | |
| 22 | SUSA | Ishares Esg Optimized Msci U | ETF-Other | 0.50% | -0.09% | -15.48% | |
| 23 | VO | Vanguard Mid-cap ETF | ETF-Other | 0.40% | -0.01% | -0.84% | |
| 24 | AAPL | Apple Inc | Stock-Tech | 0.36% | +0.08% | +12.86% | |
| 25 | MSFT | Microsoft CORP | Stock-Tech | 0.35% | +0.14% | +21.17% | |
| 26 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 0.21% | — | — | |
| 27 | SCHH | Schwab US Reit ETF | ETF-Other | 0.19% | -0.01% | +0.81% | |
| 28 | APH | Amphenol Corp-cl A | Stock-Tech | 0.11% | -0.01% | +99.58% | |
| 29 | ESGV | Vanguard Esg US Stock ETF | ETF-Other | 0.11% | — | +0.04% | |
| 30 | IJH | Ishares Core S&p Midcap ETF | ETF-Other | 0.09% | -0.05% | -29.90% | |
| 31 | RVMD | Revolution Medicines Inc | Stock-Healthcare | 0.09% | +0.01% | +4.84% | |
| 32 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 0.08% | — | — | |
| 33 | USSG | Xtrackers Msci USA Sele Eqty | ETF-Other | 0.08% | — | — | |
| 34 | CAT | Caterpillar Inc | Stock-Industrials | 0.07% | — | +24.38% |
Portfolio Performance
Performance for Q4 2026
-0.3%
Performance Last 4 Quarters
+9.4%
- Stdev
- +9.4%
- Beta
- +0.7
- Alpha
- -0.3%
- Max Drawdown
- -4.7%
- Annualized Perf
- +16%
- Batting Avg vs S&P
- +38.9%
- Sortino
- +3.24
- Stutzer
- +0.47
- Treynor
- +0.22
- Sterling
- +1.12
- Calmar
- +3.41
- Information Ratio
- -1.3
- Tracking Error
- +5.3%
- Stdev Down
- +4.7%
- Winning Months %
- +72.2%
- Losing Months %
- +27.8%
- Best 12 Months
- +25.2%
- Worst 12 Months
- +5.2%
- Efficiency Ratio
- +0.64
- Sharpe
- +1.63
- Stdev Sectors
- +35.6%
- Skewness
- -0.18
- Kurtosis
- -0.02
- Upside Potential
- +4.72
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q3 | 34 | $286.4M | 8 | ||
| 2026 Q2 | 34 | $285.5M | 11 | ||
| 2026 Q1 | 33 | $258.9M | 4 | ||
| 2025 Q4 | 30 | $258.9M | 2 | ||
| 2025 Q3 | 29 | $255.5M | 18 | ||
| 2025 Q2 | 29 | $233.3M | 0 | ||
| 2025 Q1 | 28 | $213.8M | 100 | ||
| 2024 Q4 | 27 | $212.5M | 0 | ||
| 2024 Q3 | 27 | $214.3M | 0 | ||
| 2024 Q2 | 27 | $197.9M | 0 | ||
| 2024 Q1 | 28 | $193.5M | 0 | ||
| 2023 Q4 | 26 | $172.0M | 0 | ||
| 2023 Q3 | 25 | $163.9M | 0 | ||
| 2023 Q2 | 25 | $165.4M | 0 | ||
| 2023 Q1 | 26 | $162.4M | 0 | ||
| 2022 Q4 | 26 | $152.1M | 0 | ||
| 2022 Q3 | 27 | $141.3M | 0 | ||
| 2022 Q2 | 27 | $143.8M | 0 | ||
| 2022 Q1 | 28 | $159.4M | 0 | ||
| 2021 Q4 | 24 | $160.9M | 0 | ||
| 2021 Q3 | 27 | $153.1M | 0 | ||
| 2021 Q2 | 27 | $148.4M | 97 | ||
| 2021 Q1 | 27 | $140.5M | 4 | ||
| 2020 Q4 | 27 | $136.5M | 14 | ||
| 2020 Q3 | 26 | $118.8M | 9 | ||
| 2020 Q2 | 24 | $109.3M | 17 | ||
| 2020 Q1 | 19 | $92.9M | 20 | ||
| 2019 Q4 | 19 | $110.1M | 0 |
Holding changes this quarter
Bluestem Financial Advisors, LLC's most significant position changes for 2026-09-30: Add: Ishares Core U.s. Aggregate (AGG) — shares +196.73%; Trim: Vanguard Total Bond Market (BND) — shares -4.83%; Add: Vanguard Small-cap ETF (VB) — shares +1.73%; Add: Ishares Esg Msci USA Leaders (SUSL) — shares +21.50%; Trim: Vanguard Real Estate ETF (VNQ) — shares -0.36%.
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | AGG | Ishares Core U.s. Aggregate | +2.7% | +196.73% | Add |
| 2 | SUSL | Ishares Esg Msci USA Leaders | +0.6% | +21.50% | Add |
| 3 | IVV | Ishares Core S&p 500 ETF | +0.2% | -0.76% | Trim |
| 4 | MSFT | Microsoft CORP | +0.1% | +21.17% | Add |
| 5 | EAGG | Ishares Esg Aware US Aggrega | +0.1% | +9.51% | Add |
| 6 | VSGX | Vanguard Esg Intl Stock ETF | +0.1% | +6.98% | Add |
| 7 | AAPL | Apple Inc | +0.1% | +12.86% | Add |
| 8 | SPYM | Ste Str Spdr Pt S&p 500 ETF | 0% | -0.05% | Trim |
| 9 | VV | Vanguard Large-cap ETF | 0% | — | Unchanged |
| 10 | ISTB | Ishares Core 1-5 Year Usd Bo | 0% | +3.36% | Add |
| 11 | RVMD | Revolution Medicines Inc | 0% | +4.84% | Add |
| 12 | SPY | Ss Spdr S&p 500 ETF Trust-us | — | — | Unchanged |
| 13 | CAT | Caterpillar Inc | — | +24.38% | Add |
| 14 | ESGV | Vanguard Esg US Stock ETF | — | +0.04% | Add |
| 15 | USSG | Xtrackers Msci USA Sele Eqty | — | — | Unchanged |
| 16 | VXUS | Vanguard Total Intl Stock | — | +0.68% | Add |
| 17 | BRK-B | Berkshire Hathaway Inc-cl B | — | — | Unchanged |
| 18 | VO | Vanguard Mid-cap ETF | 0% | -0.84% | Trim |
| 19 | SCHH | Schwab US Reit ETF | 0% | +0.81% | Add |
| 20 | APH | Amphenol Corp-cl A | 0% | +99.58% | Add |
| 21 | VEU | Vanguard Ftse All-world Ex-u | 0% | +1.02% | Add |
| 22 | VTEB | Vanguard Tax-exempt Bond ETF | 0% | — | Unchanged |
| 23 | IJH | Ishares Core S&p Midcap ETF | -0.1% | -29.90% | Trim |
| 24 | ESML | Ishares Esg Aware Msci USA S | -0.1% | +4.41% | Add |
| 25 | SCHA | Schwab US Small-cap ETF | -0.1% | +1.93% | Add |
| 26 | VTI | Vanguard Total Stock Mkt ETF | -0.1% | -5.12% | Trim |
| 27 | SUSA | Ishares Esg Optimized Msci U | -0.1% | -15.48% | Trim |
| 28 | VOO | Vanguard S&p 500 ETF | -0.1% | -8.65% | Trim |
| 29 | VEA | Vanguard Ftse Developed ETF | -0.1% | -4.55% | Trim |
| 30 | IJR | Ishares Core S&p Small-cap E | -0.2% | -4.49% | Trim |
| 31 | BSV | Vanguard Short-term Bond ETF | -0.2% | -6.38% | Trim |
| 32 | VNQ | Vanguard Real Estate ETF | -0.4% | -0.36% | Trim |
| 33 | VB | Vanguard Small-cap ETF | -0.6% | +1.73% | Add |
| 34 | BND | Vanguard Total Bond Market | -2% | -4.83% | Trim |
Filing History
FAQ
What is Bluestem Financial Advisors, LLC and what type of investor is it?
Bluestem Financial Advisors, LLC is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-09-30), the firm manages a tracked equity portfolio valued at approximately $286.4M, spread across 34 disclosed positions.
What are Bluestem Financial Advisors, LLC's largest equity positions?
Based on the latest 13F filing, Bluestem Financial Advisors, LLC's top holdings by market value are:
1. Ishares Core S&p 500 ETF (IVV) — $59.4M (20.7%)
2. Vanguard Total Bond Market (BND) — $54.4M (19.0%)
3. Vanguard Ftse All-world Ex-u (VEU) — $35.7M (12.5%)
4. Vanguard Small-cap ETF (VB) — $35.0M (12.2%)
5. Vanguard Real Estate ETF (VNQ) — $13.9M (4.9%)
What changes did Bluestem Financial Advisors, LLC make in its most recent portfolio filing?
In the latest reported quarter, Bluestem Financial Advisors, LLC made 29 notable position adjustments: 0 new positions were initiated, 17 existing holdings were added to, 12 positions were partially reduced, and 0 were completely exited. The largest of these moves: Add: Ishares Core U.s. Aggregate (AGG) — shares +196.73%; Trim: Vanguard Total Bond Market (BND) — shares -4.83%; Add: Vanguard Small-cap ETF (VB) — shares +1.73%; Add: Ishares Esg Msci USA Leaders (SUSL) — shares +21.50%; Trim: Vanguard Real Estate ETF (VNQ) — shares -0.36%
What sectors does Bluestem Financial Advisors, LLC focus on?
Bluestem Financial Advisors, LLC is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 83.6%
• Health Care: 9.2%
• Industrials: 7.2%
* This report is exclusively curated by the AlphaSMO team. AlphaSMO is the web's most authoritative 13F / Inside Trader database, delivering precise insider trading and institutional holdings insights.
Investment Profile
Bluestem Financial Advisors, LLC returned an annualized 16.0% over the trailing 36 months — underperforming the S&P 500 by 0.3 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.70 (less volatile than the market) and a 39% quarterly batting average against the index.
Its portfolio is moderately concentrated and long-term-holding, with 83.6% of the portfolio concentrated in Information Technology.
It has added to its IVV position over the past two quarters (+$5.9M, now $59.4M), while trimming BSV over the same stretch (-$731.4K, still holding $5.8M).
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Developer Access
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