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Cascade Financial Partners, LLC — 13F Holdings & Portfolio

CIK 2021208 · latest 13F-HR filed 2026-08-04

Backtest portfolio

Cascade Financial Partners, LLC manages $1.15B in 13F-reported U.S. long-equity assets across 283 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are LLY (24.54%), AAPL (4.60%), VEA (3.71%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 30 new positions and exited 14; 161 existing positions rose in reported value and 33 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
$1.15B

Long-equity book

Holdings
283

Distinct positions

Period
2026-06-30

Filed 2026-08-04

Q/Q Activity
+30 / −14 / ↑161 / ↓33

vs 2026-03-31

Portfolio charts

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

Portfolio map

Q2 26
LLY24.7% · 0%AAPL4.7% · -1%VEA3.7% · -2%IVV3.2% · +8%DOL2.0% · +14%IEMG1.7% · +1%NVDA1.6% · -1%RVTY1.6% · 0%TIP1.6% · +20%PEP1.5% · -2%ISHG1.5% · +13%SPMD1.5% · +4%MGK1.4% · +413%AMZN1.4% · -1%IEI1.4% · +20%TLH1.3% · +22%SPDW1.3% · -0%SPEM1.2% · +8%VTI1.1% · -0%MBB1.1% · +38%VIG0.9% · -0%PAVE0.9% · +7%DGS0.9% · +5%MUB0.8% · +80%SHYG0.8% · +4%AVUV0.8% · +17%MSFT0.8% · +1%AVES0.8% · +22%TSLA0.7% · +1%BRK.B0.7% · +0%SHY0.7% · +6%SPIB0.7% · +18%CRWD0.7% · -11%VYM0.7% · +0%VO0.7% · +300%TSM0.7% · +1%EFA0.7% · +32%AIRR0.7% · +2%AVLV0.6% · +25%VV0.6% · -1%DEM0.6% · +2%SUB0.6% · +30%DES0.6% · -1%GOOGL0.5% · -2%DGRO0.5% · -0%GOOG0.5% · -3%SCZ0.5% · +3%REGL0.5% · +8%VFH0.5% · +12%VTEB0.5% · -0%AVDV0.5% · +15%META0.4% · -0%IDEV0.4% · -0%MLPA0.4% · -3%DON0.4% · -1%DFAS0.4% · -2%BRK.A0.4% · 0%BNL0.4% · -42%QQQ0.4% · -3%SCHE0.4% · -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

Q1 26 → Q2 26

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

4 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 = 46.2%

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

Firm Profile & Key People

As of the firm’s regulatory filing dated Mar 27, 2026.

Assets Under Management
$1.38B
Discretionary
$1.35B
Employees
9
Accounts
1,093
Address
3579 VALLEY CENTRE DRIVE
SUITE 125
SAN DIEGO, CA 92130
Phone
(858) 379-6701
Website
Name Title / Status Ownership Type
KRAUSE, BRIAN, PETER ControlMANAGING MEMBER / CCO
since Aug 2023
25–50%Individual
MCCULLOCH, JEFFREY, SCOTT ControlMANAGING MEMBER
since Aug 2023
25–50%Individual
ACOSTA, CARLEENPRINCIPAL
since Aug 2023
5–10%Individual
Dewindt, NATALIE, ELIZABETHPRINCIPAL
since Aug 2023
10–25%Individual
Horton, Darien, LeePRINCIPAL
since Aug 2023
10–25%Individual
SUZARA, MONICA, Y.PRINCIPAL
since Aug 2023
5–10%Individual
Ownership & leadership changes · 5 filings with changes since Apr 26, 2023

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 31, 2025 filing
  • ChangedDewindt, NATALIE, ELIZABETH · ownership 5–10% → 10–25%
  • ChangedHorton, Darien, Lee · ownership 5–10% → 10–25%
Sep 29, 2023 filing
  • Listed againACOSTA, CARLEEN · PRINCIPAL · 5–10%
  • Listed againDewindt, NATALIE, ELIZABETH · PRINCIPAL · 5–10%
  • Listed againHorton, Darien, Lee · PRINCIPAL · 5–10%
  • Listed againSUZARA, MONICA, Y. · PRINCIPAL · 5–10%
  • ChangedKRAUSE, BRIAN, PETER · ownership 50–75% → 25–50%
  • ChangedMCCULLOCH, JEFFREY, SCOTT · ownership 50–75% → 25–50%
Aug 25, 2023 filing
  • No longer listedKRAUSE, SHAUNA, MARIE · MANAGING PRINCIPAL / CCO · 75% or more · control person · listed since May 2023
  • Listed againKRAUSE, BRIAN, PETER · MANAGING MEMBER / CCO · 50–75% · control person
  • Listed againMCCULLOCH, JEFFREY, SCOTT · MANAGING MEMBER · 50–75% · control person
Aug 10, 2023 filing
  • No longer listedACOSTA, CARLEEN · PRINCIPAL · 5–10% · listed since Jun 2023
  • No longer listedDewindt, NATALIE, ELIZABETH · PRINCIPAL · 5–10% · listed since Jun 2023
  • No longer listedHorton, Darien, Lee · PRINCIPAL · 5–10% · listed since Jun 2023
  • No longer listedKRAUSE, BRIAN, PETER · MANAGING PRINCIPAL / CCO · 25–50% · control person · listed since Jun 2023
  • No longer listedMCCULLOCH, JEFFREY, SCOTT · MANAGING PRINCIPAL · 25–50% · control person · listed since Apr 2023
  • No longer listedSUZARA, MONICA, Y. · PRINCIPAL · Less than 5% · listed since Jun 2023
  • AddedKRAUSE, SHAUNA, MARIE · MANAGING PRINCIPAL / CCO · 75% or more · control person
Jun 7, 2023 filing
  • AddedACOSTA, CARLEEN · PRINCIPAL · 5–10%
  • AddedSUZARA, MONICA, Y. · PRINCIPAL · Less than 5%
Apr 26, 2023 filing (earliest on record)
  • ListedDewindt, NATALIE, ELIZABETH · PRINCIPAL · 5–10%
  • ListedHorton, Darien, Lee · PRINCIPAL · 5–10%
  • ListedKRAUSE, BRIAN, PETER · MANAGING PRINCIPAL / CCO · 25–50% · control person
  • ListedMCCULLOCH, JEFFREY, SCOTT · MANAGING PRINCIPAL · 25–50% · 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.

Cascade Financial Partners, LLC Holdings (2026-06-30)

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 ELI LILLY & CO LLY 532457108 $282.6M 24.54% 235,637 SH
2 APPLE INC AAPL 037833100 $52.9M 4.60% 182,979 SH
3 VANGUARD TAX-MANAGED FDS VEA 921943858 $42.7M 3.71% 599,843 SH
4 ISHARES TR IVV 464287200 $36.7M 3.19% 49,031 SH
5 WISDOMTREE TR DOL 97717W794 $22.9M 1.99% 307,535 SH
6 ISHARES INC IEMG 46434G103 $19.5M 1.69% 235,252 SH
7 NVIDIA CORPORATION NVDA 67066G104 $18.5M 1.60% 92,277 SH
8 REVVITY INC RVTY 714046109 $18.1M 1.57% 162,671 SH
9 ISHARES TR TIP 464287176 $18.0M 1.56% 164,657 SH
10 PEPSICO INC PEP 713448108 $17.5M 1.52% 129,269 SH
11 ISHARES TR ISHG 464288125 $16.9M 1.46% 227,206 SH
12 SPDR SERIES TRUST SPMD 78464A847 $16.7M 1.45% 247,468 SH
13 VANGUARD WORLD FD MGK 921910816 $16.5M 1.43% 187,887 SH
14 AMAZON COM INC AMZN 023135106 $16.4M 1.43% 68,914 SH
15 ISHARES TR IEI 464288661 $15.7M 1.36% 133,496 SH
16 ISHARES TR TLH 464288653 $15.5M 1.34% 154,327 SH
17 SPDR INDEX SHS FDS SPDW 78463X889 $14.6M 1.27% 289,451 SH
18 SPDR INDEX SHS FDS SPEM 78463X509 $14.0M 1.21% 269,542 SH
19 VANGUARD INDEX FDS VTI 922908769 $13.1M 1.14% 35,458 SH
20 ISHARES TR MBB 464288588 $12.8M 1.11% 134,989 SH
21 VANGUARD SPECIALIZED FUNDS VIG 921908844 $9.9M 0.86% 41,956 SH
22 GLOBAL X FDS PAVE 37954Y673 $9.8M 0.85% 167,112 SH
23 WISDOMTREE TR DGS 97717W281 $9.8M 0.85% 151,624 SH
24 ISHARES TR MUB 464288414 $9.1M 0.79% 84,856 SH
25 ISHARES TR SHYG 46434V407 $9.1M 0.79% 215,130 SH
26 AMERICAN CENTY ETF TR AVUV 025072877 $9.0M 0.78% 72,006 SH
27 AMERICAN CENTY ETF TR AVES 025072372 $8.7M 0.75% 132,338 SH
28 BERKSHIRE HATHAWAY INC DEL BRK.B 084670702 $8.2M 0.71% 16,404 SH
29 ISHARES TR SHY 464287457 $8.2M 0.71% 99,694 SH
30 MICROSOFT CORP MSFT 594918104 $8.1M 0.70% 21,627 SH
31 SPDR SERIES TRUST SPIB 78464A375 $8.0M 0.69% 237,891 SH
32 TESLA INC TSLA 88160R101 $7.9M 0.68% 18,754 SH
33 CROWDSTRIKE HLDGS INC CRWD 22788C105 $7.8M 0.68% 10,222 SH
34 VANGUARD WHITEHALL FDS VYM 921946406 $7.7M 0.67% 48,901 SH
35 VANGUARD INDEX FDS VO 922908629 $7.6M 0.66% 94,784 SH
36 TAIWAN SEMICONDUCTOR MANUFAC TSM 874039100 $7.6M 0.66% 15,963 SH
37 ISHARES TR EFA 464287465 $7.6M 0.66% 72,923 SH
38 FIRST TR EXCHANGE TRADED FD AIRR 33738R704 $7.5M 0.65% 56,594 SH
39 AMERICAN CENTY ETF TR AVLV 025072349 $7.1M 0.62% 78,358 SH
40 VANGUARD INDEX FDS VV 922908637 $7.1M 0.62% 20,716 SH
41 WISDOMTREE TR DEM 97717W315 $7.0M 0.60% 129,281 SH
42 ISHARES TR SUB 464288158 $6.8M 0.59% 63,633 SH
43 WISDOMTREE TR DES 97717W604 $6.4M 0.56% 157,674 SH
44 ALPHABET INC GOOGL 02079K305 $6.3M 0.55% 17,578 SH
45 ISHARES TR DGRO 46434V621 $6.2M 0.54% 81,697 SH
46 ALPHABET INC GOOG 02079K107 $5.7M 0.49% 16,097 SH
47 ISHARES TR SCZ 464288273 $5.7M 0.49% 68,728 SH
48 PROSHARES TR REGL 74347B680 $5.6M 0.49% 61,148 SH
49 VANGUARD WORLD FD VFH 92204A405 $5.6M 0.48% 42,323 SH
50 VANGUARD MUN BD FDS VTEB 922907746 $5.5M 0.48% 108,208 SH
Filing History
Period Filed AUM Holdings Accession
2026-06-30 2026-08-04 $1.15B 283 0002021208-26-000007
2026-03-31 2026-05-12 $970.2M 266 0002021208-26-000004
2025-12-31 2026-02-06 $986.5M 271 0002021208-26-000002
2025-09-30 2025-10-21 $872.3M 264 0002021208-25-000012
Filer Information
Address
3579 VALLEY CENTRE DRIVE
SUITE 125
SAN DIEGO, CA 92130
Phone
(858) 379-6702
Filing Manager
Cascade Financial Partners, LLC
SAN DIEGO, CA
Signatory
Brian Krause
Chief Compliance Officer