CIK: 0001313998
Total reported value
$113.6M
Reporting period: 2026-03-31 · Number of holdings: 68
Bristlecone Value Partners, LLC disclosed 68 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $113.6M and a quarterly turnover rate of 28.0%.
Browse other institutions with $100M to $1B AUMBrowse other institutions starting with "B"
Bristlecone Value Partners, LLC's disclosed holdings carry a Herfindahl concentration index of 0.049 — mathematically equivalent to about 20 equally-sized positions, well below its 68 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 1.54), 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 2.9 percentage-point tilt) — a pattern consistent with a momentum-following approach.
Sector classification currently covers about 17% 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.
Trim VEA
-1.2% $202.7K
Trim FNDX
+4.1% $642.6K
Trim VIG
+10.3% $696.4K
Trim DGS
-0.0% $342.8K
Trim IJR
+2.5% $211.0K
Trim BAC
-0.6% -$226.2K
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | VEA | Vanguard Ftse Developed ETF | ETF-Other | 13.22% | -3.89% | -1.18% | |
| 2 | FNDX | Schwab Fndmntl US Lrg Co ETF | ETF-Other | 9.19% | -2.13% | +4.10% | |
| 3 | VIG | Vanguard Dividend Apprec ETF | ETF-Other | 8.33% | -1.79% | +10.31% | |
| 4 | DGS | Wisdomtree Em Small Cap | ETF-Small Cap | 6.35% | -1.58% | -0.01% | |
| 5 | VIGI | Vanguard Int Div App Indx Fd | ETF-Other | 4.01% | — | +4.20% | |
| 6 | AVDV | Avantis Intl S/c Value ETF | ETF-Other | 3.65% | -0.67% | +4.31% | |
| 7 | VOO | Vanguard S&p 500 ETF | ETF-Large Cap & Growth | 3.41% | +3.41% | NEW | |
| 8 | IJR | Ishares Core S&p Small-cap E | ETF-Small Cap | 3.25% | -0.76% | +2.54% | |
| 9 | GNR | State Street Spdr S&p Global | ETF-Other | 3.22% | -0.39% | -2.63% | |
| 10 | BND | Vanguard Total Bond Market | ETF-Other | 3.06% | — | — | |
| 11 | REET | Ishares Global Reit ETF | ETF-Other | 2.67% | -0.62% | +5.66% | |
| 12 | VUSB | Vanguard Ultra Short Bond Et | ETF-Other | 2.57% | -0.42% | +12.65% | |
| 13 | CGCP | Cap Group Core Plus Income | ETF-Other | 2.14% | -0.18% | +22.75% | |
| 14 | VTIP | Vanguard Short-term Tips | ETF-Other | 1.91% | -0.36% | +9.20% | |
| 15 | PICB | Invesco International Corpor | ETF-Other | 1.88% | -0.44% | +9.85% | |
| 16 | FNDF | Schwab Fndmn Intl Lrg Co ETF | ETF-Other | 1.82% | -0.32% | +3.14% | |
| 17 | BAC | Bank Of America CORP | Stock-Financials | 1.47% | -0.72% | -0.64% | |
| 18 | JNJ | Johnson & Johnson | Stock-Healthcare | 1.36% | -0.28% | -0.54% | |
| 19 | VOE | Vanguard Mid-cap Value ETF | ETF-Other | 1.30% | +1.30% | NEW | |
| 20 | LOW | Lowe's Cos INC | Stock-Consumer Disc | 1.27% | +1.27% | NEW | |
| 21 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 1.13% | +1.13% | NEW | |
| 22 | FDM | First Trust Dow J Select Mic | ETF-Other | 1.12% | — | -3.68% | |
| 23 | MKL | Markel Group INC | Stock-Financials | 1.09% | +1.09% | NEW | |
| 24 | PEP | Pepsico INC | Stock-Consumer Staples | 1.04% | +1.04% | NEW | |
| 25 | JMST | JPM Ultra-short Muni Income | ETF-Other | 1.03% | — | -2.91% | |
| 26 | AXP | American Express Co | Stock-Financials | 0.93% | +0.93% | NEW | |
| 27 | VTEB | Vanguard Tax-exempt Bond ETF | ETF-Other | 0.84% | — | -1.69% | |
| 28 | VMI | Valmont Industries | Stock-Industrials | 0.81% | +0.81% | NEW | |
| 29 | VRP | Invesco Variable Rate Prefer | ETF-Other | 0.77% | — | -1.68% | |
| 30 | BUD | Anheuser-busch Inbev-spn Adr | Stock-Consumer Staples | 0.72% | — | -4.07% | |
| 31 | FNDC | Schwab Fndmnt Intl Sm Eq ETF | ETF-Other | 0.71% | — | -2.12% | |
| 32 | GHC | Graham Holdings Co-class B | Stock-Industrials | 0.63% | +0.63% | NEW | |
| 33 | AMGN | Amgen INC | Stock-Healthcare | 0.62% | +0.62% | NEW | |
| 34 | FNDA | Schwab Fndmntl US Sm Co ETF | ETF-Other | 0.58% | — | — | |
| 35 | INTC | Intel CORP | Stock-Tech | 0.57% | — | -0.84% | |
| 36 | HGTY | Hagerty Inc-a | Stock-Other | 0.56% | -0.34% | +3.67% | |
| 37 | AGCO | Agco CORP | Stock-Industrials | 0.51% | +0.51% | NEW | |
| 38 | NRG | Nrg Energy INC | Stock-Utilities | 0.50% | +0.50% | NEW | |
| 39 | NTR | Nutrien LTD | Stock-Materials | 0.44% | +0.44% | NEW | |
| 40 | WIP | State Street Spdr Ftse Inter | ETF-Other | 0.42% | — | +5.79% | |
| 41 | META | Meta Platforms Inc-class A | Stock-Comm Services | 0.42% | +0.42% | NEW | |
| 42 | UHAL-B | U-haul Holding Co-non Voting | Stock-Other | 0.42% | — | -3.66% | |
| 43 | OXY | Occidental Petroleum CORP | Stock-Energy | 0.40% | +0.40% | NEW | |
| 44 | NKE | Nike INC -cl B | Stock-Consumer Disc | 0.40% | +0.40% | NEW | |
| 45 | CX | Cemex Sab-spons Adr Part Cer | Stock-Other | 0.40% | — | -1.24% | |
| 46 | CMT | Core Molding Technologies In | Stock-Other | 0.39% | — | — | |
| 47 | AAPL | Apple INC | Stock-Tech | 0.38% | +0.38% | NEW | |
| 48 | KOP | Koppers Holdings INC | Stock-Other | 0.36% | +0.03% | — | |
| 49 | RLGT | Radiant Logistics INC | Stock-Other | 0.36% | — | — | |
| 50 | YUM | Yum! Brands INC | Stock-Consumer Disc | 0.35% | +0.35% | NEW |
Performance for Q3 2026
+3.2%
Performance Last 4 Quarters
+4.7%
Based on 5 months of available history
Based on 80% of reported portfolio value with available pricing
Bristlecone Value Partners, LLC's most significant position changes for 2026-03-31: New buy: Vanguard S&p 500 ETF (VOO); New buy: Vanguard Mid-cap Value ETF (VOE); New buy: Lowe's Cos INC (LOW); New buy: Berkshire Hathaway Inc-cl B (BRK-B); New buy: Markel Group INC (MKL).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | CHCI | Comstock Holding Companies | +0.1% | +0.04% | Add |
| 2 | KOP | Koppers Holdings INC | 0% | — | Unchanged |
| 3 | CGCP | Cap Group Core Plus Income | -0.2% | +22.75% | Add |
| 4 | JNJ | Johnson & Johnson | -0.3% | -0.54% | Trim |
| 5 | FNDF | Schwab Fndmn Intl Lrg Co ETF | -0.3% | +3.14% | Add |
| 6 | HGTY | Hagerty Inc-a | -0.3% | +3.67% | Add |
| 7 | VTIP | Vanguard Short-term Tips | -0.4% | +9.20% | Add |
| 8 | GNR | State Street Spdr S&p Global | -0.4% | -2.63% | Trim |
| 9 | VUSB | Vanguard Ultra Short Bond Et | -0.4% | +12.65% | Add |
| 10 | PICB | Invesco International Corpor | -0.4% | +9.85% | Add |
| 11 | REET | Ishares Global Reit ETF | -0.6% | +5.66% | Add |
| 12 | AVDV | Avantis Intl S/c Value ETF | -0.7% | +4.31% | Add |
| 13 | BAC | Bank Of America CORP | -0.7% | -0.64% | Trim |
| 14 | IJR | Ishares Core S&p Small-cap E | -0.8% | +2.54% | Add |
| 15 | DGS | Wisdomtree Em Small Cap | -1.6% | -0.01% | Trim |
| 16 | VIG | Vanguard Dividend Apprec ETF | -1.8% | +10.31% | Add |
| 17 | FNDX | Schwab Fndmntl US Lrg Co ETF | -2.1% | +4.10% | Add |
| 18 | VEA | Vanguard Ftse Developed ETF | -3.9% | -1.18% | Trim |
| 19 | VOO | Vanguard S&p 500 ETF | — | NEW | New buy |
| 20 | VOE | Vanguard Mid-cap Value ETF | — | NEW | New buy |
| 21 | LOW | Lowe's Cos INC | — | NEW | New buy |
| 22 | BRK-B | Berkshire Hathaway Inc-cl B | — | NEW | New buy |
| 23 | MKL | Markel Group INC | — | NEW | New buy |
| 24 | PEP | Pepsico INC | — | NEW | New buy |
| 25 | AXP | American Express Co | — | NEW | New buy |
| 26 | VMI | Valmont Industries | — | NEW | New buy |
| 27 | GHC | Graham Holdings Co-class B | — | NEW | New buy |
| 28 | AMGN | Amgen INC | — | NEW | New buy |
| 29 | AGCO | Agco CORP | — | NEW | New buy |
| 30 | NRG | Nrg Energy INC | — | NEW | New buy |
| 31 | NTR | Nutrien LTD | — | NEW | New buy |
| 32 | META | Meta Platforms Inc-class A | — | NEW | New buy |
| 33 | OXY | Occidental Petroleum CORP | — | NEW | New buy |
| 34 | NKE | Nike INC -cl B | — | NEW | New buy |
| 35 | AAPL | Apple INC | — | NEW | New buy |
| 36 | YUM | Yum! Brands INC | — | NEW | New buy |
| 37 | KMX | Carmax INC | — | NEW | New buy |
| 38 | CALI | Ishrs Sh-trm Ca Muni Act ETF | — | NEW | New buy |
| 39 | DIS | Walt Disney Co/the | — | NEW | New buy |
| 40 | MDT | Medtronic plc | — | NEW | New buy |
| 41 | VUG | Vanguard Growth ETF | — | NEW | New buy |
| 42 | NVR | Nvr INC | — | NEW | New buy |
| 43 | USFR | Wisdomtree Floating Rate Tre | — | NEW | New buy |
| 44 | GIL | Gildan Activewear INC | — | NEW | New buy |
| 45 | LH | Labcorp Holdings INC | — | NEW | New buy |
| 46 | NVS | Novartis Ag-sponsored Adr | — | NEW | New buy |
| 47 | CFFI | C & F Financial CORP | — | NEW | New buy |
| 48 | VBIL | Vanguard 0-3m T-bill ETF | — | NEW | New buy |
| 49 | SGC | Superior Group Of Cos INC | — | NEW | New buy |
| 50 | QUAD | Quad Graphics INC | — | NEW | New buy |
| Period | Filed | Type | EDGAR |
|---|---|---|---|
| 2026-03-31 | 2026-05-08 | 13F-HR | View on EDGAR |
| 2025-12-31 | 2026-02-13 | 13F-HR | View on EDGAR |
Institutions with a similar AUM
CIK 0002066260
Total reported value
$113.6M
52 stks
2026-03-31
AUM within 0.0% of this institution
CIK 0000049096
Total reported value
$113.6M
427 stks
2024-12-31
Stale — no recent filing
AUM within 0.0% of this institution
CIK 0002095709
Total reported value
$113.6M
78 stks
2026-06-30
AUM within 0.1% of this institution
Institutions with overlapping top holdings
CIK 0001028874
Total reported value
$436.0M
125 stks
2026-03-31
2 of the top 5 holdings overlap, including Vanguard Ftse Developed ETF
CIK 0001342396
Total reported value
$1.8B
530 stks
2026-03-31
2 of the top 5 holdings overlap, including Vanguard Dividend Apprec ETF
CIK 0001542143
Total reported value
$8.3B
635 stks
2026-03-31
2 of the top 5 holdings overlap, including Vanguard Dividend Apprec ETF