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COBBLESTONE CAPITAL ADVISORS LLC /NY/ — 13F Holdings & Portfolio

CIK 1033505 · latest 13F-HR filed 2025-11-12

Backtest portfolio

COBBLESTONE CAPITAL ADVISORS LLC /NY/ manages $2.08B in 13F-reported U.S. long-equity assets across 304 reported positions as of its 2025-09-30 13F-HR filing. Its largest disclosed positions are IXUS (8.84%), ITOT (8.58%), GOVT (5.48%). Quarter over quarter (versus its 2025-06-30 filing) the fund opened 10 new positions and exited 8; 152 existing positions rose in reported value and 43 fell.

AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.

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AUM
$2.08B

Long-equity book

Holdings
304

Distinct positions

Period
2025-09-30

Filed 2025-11-12

Q/Q Activity
+10 / −8 / ↑152 / ↓43

vs 2025-06-30

Portfolio charts

Latest quarter's book, what changed, and how the portfolio has evolved across filings.

Portfolio map

Q3 25
IXUS8.8% · +1%ITOT8.6% · +2%GOVT5.5% · -2%AAPL4.2% · -1%DFAX4.2% · +0%MSFT3.1% · -1%AMZN3.1% · -2%GOOG2.9% · -1%NVDA2.8% · -1%JVAL2.8% · +1%VXF2.3% · +1%IEMG2.3% · +1%DMBS2.3% · +0%BRK.B2.3% · +0%IEF2.2% · +0%MKL1.8% · -0%V1.7% · -0%VTI1.5% · -1%MCO1.3% · -0%MTUM1.2% · -1%SPY1.1% · -0%BN1.1% · -1%AXP1.1% · -0%SCHB1.0% · -0%RSG1.0% · +0%CPRT0.9% · -1%CNI0.9% · +0%JKHY0.9% · -3%GOOGL0.8% · -1%PCOR0.8% · +1%PEP0.8% · -0%ORLY0.8% · +0%XCNY0.8% · -2%IDXX0.8% · -0%COST0.7% · -0%TJX0.7% · +0%VOO0.7% · -3%BRK.A0.7% · 0%BNL0.6% · +5%SCHX0.6% · -2%AMT0.6% · -0%DEO0.6% · -6%FNDX0.5% · -2%JPST0.5% · -3%GHM0.5% · 0%WFC0.5% · -5%VGIT0.5% · +54%CVS0.5% · +0%AGG0.4% · +46%IWM0.4% · +22%PG0.4% · -0%PAYX0.3% · -2%JPM0.3% · +1%XOM0.3% · +0%SPTS0.3% · +2%CVX0.2% · +1%IAU0.2% · 0%SHOP0.2% · -11%JNJ0.2% · -0%BND0.2% · +1%

Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.

Sector mix

% of 13F value

Sectors from each company's SIC code; funds and ETFs grouped separately.

Biggest buys and sells

Q2 25 → Q3 25

Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.

13F assets and positions

2 quarters

Total reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.

Top positions over time

reported value

The eight largest current positions, valued at each quarter end.

Concentration

top 10 = 45.9%

Cumulative share of the portfolio held in the largest N positions.

Firm Profile & Key People

As of the firm’s regulatory filing dated Dec 19, 2025.

Assets Under Management
$2.93B
Discretionary
$2.92B
Employees
43
Accounts
3,387
Address
500 LINDEN OAKS
SUITE 210
ROCHESTER, NY 14625
Phone
(585) 473-3333
Website
Name Title / Status Ownership Type
BARTLETT, THOMAS, MARTIN ControlMEMBER
since Mar 1998
5–10%Individual
DIPASQUALE, JOHN, THOMAS ControlMEMBER, CEO
since Jan 2015
25–50%Individual
E. PHILIP SAUNDERS REVOCABLE TRUST ControlMEMBER
since Dec 2020
10–25%Domestic Entity
GARLOCK, JASON, SCOTT ControlMEMBER, MANAGING DIRECTOR, CHIEF INVESTMENT OFFICER, CHIEF COMPLIANCE OFFICER
since Jan 2017
10–25%Individual
MOONEY, CHRISTOPHER, MARTIN ControlMEMBER, MANAGING DIRECTOR - BUSINESS DEVELOPMENT
since Jan 2019
10–25%Individual
ECKL, JAMES, JOSEPHMEMBER
since Jan 2011
5–10%Individual
GREAVES-TUNNELL, PETER, HUNTINGTONMEMBER
since Mar 1998
5–10%Individual
SHANAHAN, TIMOTHY, JOSEPHMEMBER
since Apr 2011
5–10%Individual
SAUNDERS, EARL, PHILIP Control
Indirect owner via E. PHILIP SAUNDERS REVOCABLE TRUST
TRUSTEE
since Mar 2019
General partner, trustee or managerIndividual
Ownership & leadership changes · 4 filings with changes since Mar 27, 2012

From the firm’s regulatory filings, newest first. Dates are filing dates: a filing that no longer lists someone does not say when they left.

Mar 22, 2021 filing
  • AddedE. PHILIP SAUNDERS REVOCABLE TRUST · MEMBER · 10–25% · control person
  • AddedECKL, JAMES, JOSEPH · MEMBER · 5–10%
  • AddedSAUNDERS, EARL, PHILIP · TRUSTEE · General partner, trustee or manager · indirect via E. PHILIP SAUNDERS REVOCABLE TRUST · control person
  • AddedSHANAHAN, TIMOTHY, JOSEPH · MEMBER · 5–10%
  • ChangedBARTLETT, THOMAS, MARTIN · title MEMBER/CHIEF COMPLIANCE OFFICER → MEMBER; ownership 25–50% → 5–10%
  • ChangedDIPASQUALE, JOHN, THOMAS · title MANAGING MEMBER → MEMBER, CEO
  • ChangedGARLOCK, JASON, SCOTT · title MEMBER, CHIEF INVESTMENT OFFICER → MEMBER, MANAGING DIRECTOR, CHIEF INVESTMENT OFFICER, CHIEF COMPLIANCE OFFICER; ownership 5–10% → 10–25%; now a control person
  • ChangedGREAVES-TUNNELL, PETER, HUNTINGTON · ownership 25–50% → 5–10%; no longer a control person
  • ChangedMOONEY, CHRISTOPHER, MARTIN · title MEMBER, DIRECTOR OF CLIENT SERVICE → MEMBER, MANAGING DIRECTOR - BUSINESS DEVELOPMENT; ownership 5–10% → 10–25%; now a control person
Mar 26, 2019 filing
  • AddedGARLOCK, JASON, SCOTT · MEMBER, CHIEF INVESTMENT OFFICER · 5–10%
  • AddedMOONEY, CHRISTOPHER, MARTIN · MEMBER, DIRECTOR OF CLIENT SERVICE · 5–10%
Mar 19, 2015 filing
  • No longer listedGOODWIN, DANIEL, ROBERT · MEMBER · 25–50% · control person · listed since Mar 1998
  • ChangedBARTLETT, THOMAS, MARTIN · title MANAGING MEMBER/CHIEF COMPLIANCE OFFICER → MEMBER/CHIEF COMPLIANCE OFFICER
  • ChangedDIPASQUALE, JOHN, THOMAS · title MEMBER → MANAGING MEMBER; ownership 10–25% → 25–50%
Mar 26, 2013 filing
  • No longer listedMILLARD, WALTER, WOODWORTH · MEMBER · Less than 5% · control person · listed since Jan 2006
Mar 27, 2012 filing (earliest on record)
  • ListedBARTLETT, THOMAS, MARTIN · MANAGING MEMBER/CHIEF COMPLIANCE OFFICER · 25–50% · control person
  • ListedDIPASQUALE, JOHN, THOMAS · MEMBER · 10–25% · control person
  • ListedGOODWIN, DANIEL, ROBERT · MEMBER · 25–50% · control person
  • ListedGREAVES-TUNNELL, PETER, HUNTINGTON · MEMBER · 25–50% · control person
  • ListedMILLARD, WALTER, WOODWORTH · MEMBER · Less than 5% · control person

Quarter-over-quarter changes

Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.

Top Adds (vs prior quarter)

Show all 152 →

Top Trims

Show all 43 →

New Positions

Show all 10 →

Exited Positions

Show all 8 →

COBBLESTONE CAPITAL ADVISORS LLC /NY/ Holdings (2025-09-30)

Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).

# Issuer Symbol CUSIP Value Weight Shares Type
1 ISHARES TR IXUS 46432F834 $184.1M 8.84% 2,229,835 SH
2 ISHARES TR ITOT 464287150 $178.7M 8.58% 1,227,179 SH
3 ISHARES TR GOVT 46429B267 $114.2M 5.48% 4,937,659 SH
4 APPLE INC AAPL 037833100 $86.8M 4.17% 340,764 SH
5 DIMENSIONAL ETF TRUST DFAX 25434V880 $86.7M 4.16% 2,762,854 SH
6 MICROSOFT CORP MSFT 594918104 $65.2M 3.13% 125,801 SH
7 AMAZON COM INC AMZN 023135106 $63.9M 3.07% 291,136 SH
8 ALPHABET INC GOOG 02079K107 $60.6M 2.91% 248,763 SH
9 NVIDIA CORPORATION NVDA 67066G104 $58.5M 2.81% 313,274 SH
10 J P MORGAN EXCHANGE TRADED F JVAL 46641Q753 $57.3M 2.75% 1,206,529 SH
11 VANGUARD INDEX FDS VXF 922908652 $48.9M 2.35% 233,545 SH
12 ISHARES INC IEMG 46434G103 $47.8M 2.29% 724,616 SH
13 DOUBLELINE ETF TRUST DMBS 25861R402 $47.4M 2.28% 954,379 SH
14 BERKSHIRE HATHAWAY INC DEL BRK.B 084670702 $47.1M 2.26% 93,729 SH
15 ISHARES TR IEF 464287440 $44.8M 2.15% 464,647 SH
16 MARKEL GROUP INC MKL 570535104 $38.2M 1.84% 19,997 SH
17 VISA INC V 92826C839 $35.9M 1.72% 105,182 SH
18 VANGUARD INDEX FDS VTI 922908769 $30.6M 1.47% 93,337 SH
19 MOODYS CORP MCO 615369105 $28.1M 1.35% 58,905 SH
20 ISHARES TR MTUM 46432F396 $24.0M 1.15% 93,509 SH
21 SPDR S&P 500 ETF TR SPY 78462F103 $23.1M 1.11% 34,642 SH
22 BROOKFIELD CORP BN 11271J107 $22.8M 1.10% 332,728 SH
23 AMERICAN EXPRESS CO AXP 025816109 $22.5M 1.08% 67,740 SH
24 SCHWAB STRATEGIC TR SCHB 808524102 $21.0M 1.01% 817,820 SH
25 REPUBLIC SVCS INC RSG 760759100 $20.2M 0.97% 87,956 SH
26 COPART INC CPRT 217204106 $18.3M 0.88% 406,844 SH
27 CANADIAN NATL RY CO CNI 136375102 $18.1M 0.87% 192,355 SH
28 HENRY JACK & ASSOC INC JKHY 426281101 $18.0M 0.87% 121,097 SH
29 ALPHABET INC GOOGL 02079K305 $17.6M 0.84% 72,359 SH
30 PROCORE TECHNOLOGIES INC PCOR 74275K108 $17.1M 0.82% 235,111 SH
31 PEPSICO INC PEP 713448108 $16.2M 0.78% 115,641 SH
32 OREILLY AUTOMOTIVE INC ORLY 67103H107 $16.2M 0.78% 150,322 SH
33 SPDR INDEX SHS FDS XCNY 78463X848 $15.9M 0.77% 456,230 SH
34 IDEXX LABS INC IDXX 45168D104 $15.8M 0.76% 24,765 SH
35 COSTCO WHSL CORP NEW COST 22160K105 $15.1M 0.72% 16,294 SH
36 TJX COS INC NEW TJX 872540109 $14.5M 0.70% 100,538 SH
37 VANGUARD INDEX FDS VOO 922908363 $13.8M 0.66% 22,478 SH
38 BERKSHIRE HATHAWAY INC DEL BRK.A 084670108 $13.6M 0.65% 18 SH
39 BROADSTONE NET LEASE INC BNL 11135E203 $13.3M 0.64% 744,528 SH
40 SCHWAB STRATEGIC TR SCHX 808524201 $13.1M 0.63% 498,111 SH
41 AMERICAN TOWER CORP NEW AMT 03027X100 $11.7M 0.56% 60,589 SH
42 DIAGEO PLC DEO 25243Q205 $11.5M 0.55% 120,288 SH
43 SCHWAB STRATEGIC TR FNDX 808524771 $10.8M 0.52% 410,994 SH
44 J P MORGAN EXCHANGE TRADED F JPST 46641Q837 $10.7M 0.51% 210,276 SH
45 GRAHAM CORP GHM 384556106 $10.3M 0.49% 187,289 SH
46 WELLS FARGO CO NEW WFC 949746101 $10.1M 0.48% 120,159 SH
47 VANGUARD SCOTTSDALE FDS VGIT 92206C706 $9.9M 0.48% 164,857 SH
48 CVS HEALTH CORP CVS 126650100 $9.8M 0.47% 129,937 SH
49 ISHARES TR AGG 464287226 $8.5M 0.41% 84,352 SH
50 ISHARES TR IWM 464287655 $7.9M 0.38% 32,691 SH
Filing History
Period Filed AUM Holdings Accession
2025-09-30 2025-11-12 $2.08B 304 0001033505-25-000018
2025-06-30 2025-08-01 $1.95B 302 0001033505-25-000004