Bristlecone Value Partners, LLC — 13F Holdings & Portfolio
CIK 1313998 · latest 13F-HR filed 2026-05-08
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
$113.6M
Long-equity book
Holdings
68
Distinct positions
Period
2026-03-31
Filed 2026-05-08
Q/Q Activity
+32 / −0 / ↑21 / ↓3
vs 2025-12-31
Firm Profile & Key People
| Name | Title / Status | Ownership | Type |
|---|
Top Adds (vs prior quarter)
- VANGUARD DIVIDEND APPRECIATION ETF$696.4K +7.9%
- SCHWAB FUNDAMENTAL U.S. LARGE COMPANY ETF$642.6K +6.6%
- STATE STREET SPDR S&P GLOBAL NATURAL RESOURCES ETF$532.3K +17.0%
- CAPITAL GROUP CORE PLUS INCOME ETF$424.6K +21.1%
- AVANTIS INTERNATIONAL SMALL CAP VALUE ETF$405.7K +10.8%
Top Trims
- BANK OF AMER CORP COM-$226.2K -11.9%
- HAGERTY INC CL A COM-$146.3K -18.8%
- U HAUL HOLDING COMPANY COM SER N-$40.6K -7.9%
New Positions
- VANGUARD S&P 500 ETF$3.9M
- VANGUARD MID-CAP VALUE ETF$1.5M
- LOWES COS INC COM$1.4M
- BERKSHIRE HATHAWAY INC DEL CL B NEW$1.3M
- MARKEL CORP HOLDING CO$1.2M
All Holdings
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 | VANGUARD FTSE DEVELOPED MARKETS ETF | VEA | 921943858 | $15.0M | 13.22% | 234,483 | SH |
| 2 | SCHWAB FUNDAMENTAL U.S. LARGE COMPANY ETF | FNDX | 808524771 | $10.4M | 9.19% | 375,200 | SH |
| 3 | VANGUARD DIVIDEND APPRECIATION ETF | VIG | 921908844 | $9.5M | 8.33% | 44,024 | SH |
| 4 | WISDOMTREE EMERGING MARKETS SMALLCAP DIVIDEND ETF | DGS | 97717W281 | $7.2M | 6.35% | 119,987 | SH |
| 5 | VANGUARD INTERNATIONAL DIVIDEND APPRECIATION ETF | VIGI | 921946810 | $4.6M | 4.01% | 51,553 | SH |
| 6 | AVANTIS INTERNATIONAL SMALL CAP VALUE ETF | AVDV | 025072802 | $4.1M | 3.65% | 41,509 | SH |
| 7 | VANGUARD S&P 500 ETF | VOO | 922908363 | $3.9M | 3.41% | 6,487 | SH |
| 8 | ISHARES CORE S&P SMALL CAP ETF | IJR | 464287804 | $3.7M | 3.25% | 29,672 | SH |
| 9 | STATE STREET SPDR S&P GLOBAL NATURAL RESOURCES ETF | GNR | 78463X541 | $3.7M | 3.22% | 49,046 | SH |
| 10 | VANGUARD TOTAL BOND MARKET ETF | BND | 921937835 | $3.5M | 3.06% | 47,276 | SH |
| 11 | ISHARES GLOBAL REIT ETF | REET | 46434V647 | $3.0M | 2.67% | 120,655 | SH |
| 12 | VANGUARD ULTRA-SHORT BOND ETF | VUSB | 92203C303 | $2.9M | 2.57% | 58,580 | SH |
| 13 | CAPITAL GROUP CORE PLUS INCOME ETF | CGCP | 14020Y102 | $2.4M | 2.14% | 108,967 | SH |
| 14 | VANGUARD SHORT TERM INFL-PROTECTED | VTIP | 922020805 | $2.2M | 1.91% | 43,513 | SH |
| 15 | POWERSHARES INTERNATIONAL CORP BOND ETF | PDBC | 46138E636 | $2.1M | 1.88% | 92,532 | SH |
| 16 | SCHWAB FUNDAMENTAL INTERNATIONAL EQUITY ETF | FNDF | 808524755 | $2.1M | 1.82% | 42,288 | SH |
| 17 | BANK OF AMER CORP COM | BAC | 060505104 | $1.7M | 1.47% | 34,235 | SH |
| 18 | JOHNSON CTLS INTL PLC SHS | JCI | G51502105 | $1.5M | 1.36% | 11,817 | SH |
| 19 | VANGUARD MID-CAP VALUE ETF | VOE | 922908512 | $1.5M | 1.30% | 8,019 | SH |
| 20 | LOWES COS INC COM | LOW | 548661107 | $1.4M | 1.27% | 6,085 | SH |
| 21 | BERKSHIRE HATHAWAY INC DEL CL B NEW | BRK.B | 084670702 | $1.3M | 1.13% | 2,671 | SH |
| 22 | FIRST TRUST DOW JONES SELECT MICROCAP INDEX FUND | FDM | 33718M105 | $1.3M | 1.12% | 15,458 | SH |
| 23 | MARKEL CORP HOLDING CO | MKL | 570535104 | $1.2M | 1.09% | 649 | SH |
| 24 | PEPSICO INC COM | PEP | 713448108 | $1.2M | 1.04% | 7,608 | SH |
| 25 | JPMORGAN ULTRA-SHORT MUNICIPAL INCOME ETF | JMST | 46641Q654 | $1.2M | 1.03% | 22,875 | SH |
| 26 | AMERICAN EXPRESS CO COM | AXP | 025816109 | $1.1M | 0.93% | 3,484 | SH |
| 27 | VANGUARD TAX-EXEMPT BOND ETF | VTEB | 922907746 | $953.3K | 0.84% | 19,108 | SH |
| 28 | VALMONT INDS INC COM | VMI | 920253101 | $915.4K | 0.81% | 2,291 | SH |
| 29 | INVESCO VARIABLE RATE PREFERRED ETF | VRP | 46138G870 | $880.3K | 0.77% | 36,710 | SH |
| 30 | ANHEUSER BUSCH INBEV SA NV SPONSORED ADR | BUD | 03524A108 | $822.7K | 0.72% | 11,859 | SH |
| 31 | SCHWAB FUNDAMENTAL INTERNATIONAL SMALL EQUITY ETF | FNDC | 808524748 | $802.9K | 0.71% | 17,319 | SH |
| 32 | GRAHAM HLDGS CO COM CL B | GHC | 384637104 | $715.8K | 0.63% | 677 | SH |
| 33 | AMGEN INC | AMGN | 031162100 | $706.5K | 0.62% | 2,008 | SH |
| 34 | SCHWAB FUNDAMENTAL U.S. SMALL COMPANY ETF | FNDA | 808524763 | $654.8K | 0.58% | 20,190 | SH |
| 35 | INTEL CORP COM | INTC | 458140100 | $652.8K | 0.57% | 14,793 | SH |
| 36 | HAGERTY INC CL A COM | HGTY | 405166109 | $632.8K | 0.56% | 60,093 | SH |
| 37 | AGCO CORP | AGCO | 001084102 | $582.9K | 0.51% | 5,031 | SH |
| 38 | NRG ENERGY INC NEW | NRG | 629377508 | $568.5K | 0.50% | 3,890 | SH |
| 39 | NUTRIEN LTD COM | NTR | 67077M108 | $504.6K | 0.44% | 6,687 | SH |
| 40 | SPDR INTERNATIONAL GOVERNMENT TIPS ETF | WIP | 78464A490 | $476.9K | 0.42% | 12,042 | SH |
| 41 | META PLATFORMS INC CL A | META | 30303M102 | $472.4K | 0.42% | 826 | SH |
| 42 | U HAUL HOLDING COMPANY COM SER N | UHAL.B | 023586506 | $471.8K | 0.42% | 10,561 | SH |
| 43 | OCCIDENTAL PETE CORP COM | OXY | 674599105 | $457.4K | 0.40% | 7,037 | SH |
| 44 | NIKE INC CL B | NKE | 654106103 | $454.0K | 0.40% | 8,596 | SH |
| 45 | CEMEX S.A.B. DE C.V. | CX | 151290889 | $453.9K | 0.40% | 39,680 | SH |
| 46 | CORE MOLDING TECHNOLOGIES INC COM | CMT | 218683100 | $448.0K | 0.39% | 20,000 | SH |
| 47 | APPLE INC COM | AAPL | 037833100 | $431.6K | 0.38% | 1,701 | SH |
| 48 | KOPPERS HOLDINGS INC COM | KOP | 50060P106 | $411.9K | 0.36% | 10,650 | SH |
| 49 | RADIANT LOGISTICS INC COM | RLGT | 75025X100 | $411.9K | 0.36% | 58,430 | SH |
| 50 | YUM! BRANDS INC | YUM | 988498101 | $403.3K | 0.35% | 2,594 | SH |
Filing History
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-03-31 | 2026-05-08 | $113.6M | 68 | 0001313998-26-000007 |
| 2025-12-31 | 2026-02-13 | $86.7M | 36 | 0001313998-26-000005 |