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Bristlecone Value Partners, LLC — 13F Holdings & Portfolio

CIK 1313998 · latest 13F-HR filed 2026-08-14

Backtest portfolio

Bristlecone Value Partners, LLC manages $124.3M in 13F-reported U.S. long-equity assets across 70 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are VEA (13.45%), FNDX (9.30%), VIG (8.41%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 3 new positions, exited 1, added to 40, and trimmed 10.

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.

Filer Information
Address
12301 WILSHIRE BOULEVARD
SUITE 320
LOS ANGELES, CA 90025
Phone
(310) 806-4141
Filing Manager
Bristlecone Value Partners, LLC
LOS ANGELES, CA
Signatory
Jean-Luc Nouzille
CCO
Loading holdings…
AUM

$124.3M

Long-equity book

Holdings

70

Distinct positions

Period

2026-06-30

Filed 2026-08-14

Q/Q Activity

+3 / −1 / ↑40 / ↓10

vs 2026-03-31

Firm Profile & Key People
Name Title / Status Ownership Type

Top Adds (vs prior quarter)

  • VANGUARD FTSE DEVELOPED MARKETS ETF$1.7M +11.3%
  • INTEL CORP COM$1.4M +215.3%
  • SCHWAB FUNDAMENTAL U.S. LARGE COMPANY ETF$1.1M +10.7%
  • VANGUARD DIVIDEND APPRECIATION ETF$989.2K +10.4%
  • ISHARES CORE S&P SMALL CAP ETF$731.4K +19.8%
Show all 40 →

Top Trims

  • VANGUARD SHORT TERM INFL-PROTECTED-$750.5K -34.5%
  • STATE STREET SPDR S&P GLOBAL NATURAL RESOURCES ETF-$399.8K -10.9%
  • PEPSICO INC COM-$151.3K -12.8%
  • OCCIDENTAL PETE CORP COM-$115.6K -25.3%
  • LOWES COS INC COM-$98.3K -6.8%
Show all 10 →

New Positions

  • EASTERN CO COM$250.7K
  • FOSTER L B CO COM$234.6K
  • POLARIS INC COM$205.5K
Show all 3 →

Exited Positions

  • VANGUARD 0-3 MONTH TREASURY BILL ETF$259.3K
Show all 1 →
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 $16.7M 13.45% 234,679 SH
2 SCHWAB FUNDAMENTAL U.S. LARGE COMPANY ETF FNDX 808524771 $11.6M 9.30% 371,784 SH
3 VANGUARD DIVIDEND APPRECIATION ETF VIG 921908844 $10.5M 8.41% 44,193 SH
4 WISDOMTREE EMERGING MARKETS SMALLCAP DIVIDEND ETF DGS 97717W281 $7.7M 6.18% 118,729 SH
5 VANGUARD INTERNATIONAL DIVIDEND APPRECIATION ETF VIGI 921946810 $4.8M 3.87% 51,562 SH
6 VANGUARD S&P 500 ETF VOO 922908363 $4.6M 3.70% 6,697 SH
7 ISHARES CORE S&P SMALL CAP ETF IJR 464287804 $4.4M 3.56% 29,802 SH
8 AVANTIS INTERNATIONAL SMALL CAP VALUE ETF AVDV 025072802 $4.3M 3.44% 41,546 SH
9 ISHARES GLOBAL REIT ETF REET 46434V647 $3.5M 2.81% 126,409 SH
10 VANGUARD TOTAL BOND MARKET ETF BND 921937835 $3.5M 2.79% 47,276 SH
11 VANGUARD ULTRA-SHORT BOND ETF VUSB 92203C303 $3.3M 2.64% 66,007 SH
12 STATE STREET SPDR S&P GLOBAL NATURAL RESOURCES ETF GNR 78463X541 $3.3M 2.62% 48,469 SH
13 CAPITAL GROUP CORE PLUS INCOME ETF CGCP 14020Y102 $2.6M 2.11% 117,825 SH
14 POWERSHARES INTERNATIONAL CORP BOND ETF PICB 46138E636 $2.3M 1.88% 100,865 SH
15 SCHWAB FUNDAMENTAL INTERNATIONAL EQUITY ETF FNDF 808524755 $2.2M 1.80% 42,398 SH
16 INTEL CORP COM INTC 458140100 $2.1M 1.66% 14,743 SH
17 BANK OF AMER CORP COM BAC 060505104 $2.0M 1.57% 34,234 SH
18 JOHNSON CTLS INTL PLC SHS JCI G51502105 $1.7M 1.38% 11,757 SH
19 VANGUARD MID-CAP VALUE ETF VOE 922908512 $1.6M 1.29% 8,121 SH
20 VANGUARD SHORT TERM INFL-PROTECTED VTIP 922020805 $1.4M 1.14% 28,328 SH
21 FIRST TRUST DOW JONES SELECT MICROCAP INDEX FUND FDM 33718M105 $1.4M 1.09% 14,565 SH
22 LOWES COS INC COM LOW 548661107 $1.3M 1.08% 6,075 SH
23 BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B 084670702 $1.3M 1.07% 2,669 SH
24 VALMONT INDS INC COM VMI 920253101 $1.3M 1.06% 2,291 SH
25 MARKEL CORP HOLDING CO MKL 570535104 $1.3M 1.03% 654 SH
26 AMERICAN EXPRESS CO COM AXP 025816109 $1.2M 0.95% 3,484 SH
27 JPMORGAN ULTRA-SHORT MUNICIPAL INCOME ETF JMST 46641Q654 $1.2M 0.94% 22,795 SH
28 PEPSICO INC COM PEP 713448108 $1.0M 0.83% 7,608 SH
29 VANGUARD TAX-EXEMPT BOND ETF VTEB 922907746 $1.0M 0.82% 20,188 SH
30 ANHEUSER BUSCH INBEV SA NV SPONSORED ADR BUD 03524A108 $977.2K 0.79% 11,859 SH
31 INVESCO VARIABLE RATE PREFERRED ETF VRP 46138G870 $944.0K 0.76% 38,832 SH
32 SCHWAB FUNDAMENTAL INTERNATIONAL SMALL EQUITY ETF FNDC 808524748 $838.6K 0.67% 17,269 SH
33 GRAHAM HLDGS CO COM CL B GHC 384637104 $772.7K 0.62% 677 SH
34 AMGEN INC AMGN 031162100 $727.1K 0.58% 2,008 SH
35 HAGERTY INC CL A COM HGTY 405166109 $716.3K 0.58% 60,093 SH
36 SCHWAB FUNDAMENTAL U.S. SMALL COMPANY ETF FNDA 808524763 $655.9K 0.53% 17,232 SH
37 U HAUL HOLDING COMPANY COM SER N UHAL.B 023586506 $609.4K 0.49% 10,561 SH
38 AGCO CORP AGCO 001084102 $602.2K 0.48% 5,031 SH
39 SPDR INTERNATIONAL GOVERNMENT TIPS ETF WIP 78464A490 $585.8K 0.47% 14,871 SH
40 NRG ENERGY INC NEW NRG 629377508 $568.2K 0.46% 3,890 SH
41 RADIANT LOGISTICS INC COM RLGT 75025X100 $552.7K 0.44% 58,430 SH
42 CARMAX INC COM KMX 143130102 $513.6K 0.41% 9,711 SH
43 APPLE INC COM AAPL 037833100 $492.1K 0.40% 1,700 SH
44 KOPPERS HOLDINGS INC COM KOP 50060P106 $478.2K 0.38% 10,650 SH
45 CEMEX S.A.B. DE C.V. CX 151290889 $476.2K 0.38% 39,680 SH
46 CORE MOLDING TECHNOLOGIES INC COM CMT 218683100 $472.0K 0.38% 20,000 SH
47 META PLATFORMS INC CL A META 30303M102 $465.1K 0.37% 825 SH
48 ISHARES SHORT-TERM CALIFORNIA MUNI ACTIVE ETF CALI 092528884 $461.5K 0.37% 9,132 SH
49 NIKE INC CL B NKE 654106103 $456.5K 0.37% 11,120 SH
50 MASTERCRAFT BOAT HLDGS INC COM MCFT 57637H103 $438.9K 0.35% 17,000 SH
Filing History
Period Filed AUM Holdings Accession
2026-06-30 2026-08-14 $124.3M 70 0001313998-26-000009
2026-03-31 2026-05-08 $113.6M 68 0001313998-26-000007
2025-12-31 2026-02-13 $86.7M 36 0001313998-26-000005