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Millstone Evans Group, LLC — 13F Holdings & Portfolio

CIK 2041943 · latest 13F-HR filed 2026-08-11

Backtest portfolio

Millstone Evans Group, LLC manages $184.8M in 13F-reported U.S. long-equity assets across 877 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are NVDA (8.67%), AAPL (8.25%), BLDX (5.68%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 62 new positions and exited 41; 461 existing positions rose in reported value and 171 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
$184.8M

Long-equity book

Holdings
877

Distinct positions

Period
2026-06-30

Filed 2026-08-11

Q/Q Activity
+62 / −41 / ↑461 / ↓171

vs 2026-03-31

Portfolio charts

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

Portfolio map

Q2 26
NVDA8.7% · +0%AAPL8.2% · -7%BLDX5.7% · newMSFT3.5% · +0%BRK.B2.9% · -0%GOOG2.1% · -13%JPM2.0% · -1%IMCV1.8% · -4%IWS1.8% · -12%ORCL1.7% · -3%GOOGL1.6% · -6%RJF1.6% · -2%JNJ1.3% · -6%AMZN1.2% · -6%LECO1.1% · -2%VOO1.1% · -0%EMLP1.0% · -7%PWRD1.0% · +21%IBM1.0% · -2%LLY0.9% · +19%MDY0.8% · -18%VYMI0.8% · -19%SPY0.8% · +6%GLW0.7% · +0%MRK0.7% · -22%GE0.7% · -35%FLEX0.7% · 0%SBUX0.7% · -1%CSCO0.7% · +0%SCHD0.6% · +1%TMO0.6% · -24%NSC0.6% · +0%DFAC0.5% · -4%GEV0.5% · -36%PG0.5% · -2%IWM0.5% · -4%FNDX0.5% · -27%VYM0.5% · -0%WAT0.5% · -24%ESGV0.5% · -9%V0.5% · +2%MMM0.5% · +0%PNC0.4% · +1%AXP0.4% · 0%TSM0.4% · +3%AMD0.4% · +3%INTC0.4% · +1%COST0.4% · -20%IWF0.4% · +300%COWZ0.3% · -15%ABBV0.3% · -19%FNDF0.3% · -6%UBSI0.3% · 0%XOM0.3% · -10%RSP0.3% · -0%SYK0.3% · 0%CVX0.3% · -20%CWS0.3% · -3%CALF0.3% · -29%WMT0.3% · -12%

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

3 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 = 38.3%

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

Firm Profile & Key People

As of the firm’s regulatory filing dated Jul 8, 2026.

Assets Under Management
$893.3M
Discretionary
$893.3M
Employees
8
Accounts
2,677
Address
4940 PEARL EAST CIRCLE
SUITE 302
BOULDER, CO 80301
Phone
(720) 728-2801
Website
Name Title / Status Ownership Type
MILLSTONE, SACHA ControlPREISDENT
since May 2020
75% or moreIndividual
TODOROVA, ANNA ControlDIRECTOR OF OPERATIONS
since Apr 2026
Less than 5%Individual
Wilson, Byron, Keith ControlCHIEF COMPLIANCE OFFICER
since Mar 2025
Less than 5%Individual
Ownership & leadership changes · 7 filings with changes since Oct 29, 2020

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.

Jul 8, 2026 filing
  • No longer listedKERN, RYAN, ALBERT RUDOLPH · CHIEF OPERATING OFFICER · Less than 5% · control person · listed since Apr 2026
May 6, 2026 filing
  • AddedTODOROVA, ANNA · DIRECTOR OF OPERATIONS · Less than 5% · control person
Apr 27, 2026 filing
  • No longer listedDUVALL, MICHELE, RENEE · VICE PRESIDENT HUMAN RESOURCES & ADMINISTRATION · Less than 5% · listed since Mar 2025
  • AddedKERN, RYAN, ALBERT RUDOLPH · CHIEF OPERATING OFFICER · Less than 5% · control person
Mar 23, 2026 filing
  • ChangedMILLSTONE, SACHA · title OWNER, ELECTED MANAGER → PREISDENT
Feb 12, 2026 filing
  • No longer listedEVANS, GREGORY, BLAIR · OWNER · 25–50% · control person · listed since May 2020
  • ChangedMILLSTONE, SACHA · ownership 50–75% → 75% or more
Mar 28, 2025 filing
  • AddedWilson, Byron, Keith · CHIEF COMPLIANCE OFFICER · Less than 5% · control person
  • ChangedDUVALL, MICHELE, RENEE · title CHIEF COMPLIANCE OFFICER → VICE PRESIDENT HUMAN RESOURCES & ADMINISTRATION
Nov 28, 2023 filing
  • No longer listedTHOUBBORON, RILEY, JOHN · CHIEF COMPLIANCE OFFICER · Less than 5% · control person · listed since Oct 2020
  • AddedDUVALL, MICHELE, RENEE · CHIEF COMPLIANCE OFFICER · Less than 5%
Oct 29, 2020 filing (earliest on record)
  • ListedEVANS, GREGORY, BLAIR · OWNER · 25–50% · control person
  • ListedMILLSTONE, SACHA · OWNER, ELECTED MANAGER · 50–75% · control person
  • ListedTHOUBBORON, RILEY, JOHN · CHIEF COMPLIANCE OFFICER · 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.

Millstone Evans Group, 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 NVIDIA CORPORATION NVDA 67066G104 $16.0M 8.67% 80,112 SH
2 APPLE INCORPORATED AAPL 037833100 $15.2M 8.25% 52,690 SH
3 IMPAX GLOBAL SUSTAINABLE INFRASTRUCTURE ETF BLDX 704223387 $10.5M 5.68% 403,194 SH
4 MICROSOFT CORPORATION MSFT 594918104 $6.5M 3.50% 17,326 SH
5 BERKSHIRE HATHAWAY INCORPORATED DEL CLASS B NEW BRK.B 084670702 $5.3M 2.87% 10,611 SH
6 ALPHABET INCORPORATED CAP STK CLASS C GOOG 02079K107 $3.9M 2.12% 11,065 SH
7 JPMORGAN CHASE & COMPANY JPM 46625H100 $3.7M 1.99% 11,258 SH
8 ISHARES TR MRGSTR MD CP VAL IMCV 464288406 $3.4M 1.82% 36,762 SH
9 ISHARES TR RUS MDCP VAL ETF IWS 464287473 $3.3M 1.76% 19,763 SH
10 ORACLE CORPORATION ORCL 68389X105 $3.1M 1.65% 20,872 SH
11 ALPHABET INCORPORATED CAP STK CLASS A GOOGL 02079K305 $2.9M 1.57% 8,141 SH
12 RAYMOND JAMES FINL INCORPORATED RJF 754730109 $2.9M 1.57% 19,055 SH
13 JOHNSON & JOHNSON JNJ 478160104 $2.4M 1.32% 9,613 SH
14 AMAZON COM INCORPORATED AMZN 023135106 $2.2M 1.20% 9,320 SH
15 LINCOLN ELEC HLDGS INCORPORATED LECO 533900106 $2.1M 1.14% 7,911 SH
16 VANGUARD INDEX FUNDS S&P 500 ETF SHS NEW VOO 922908363 $2.0M 1.06% 2,865 SH
17 FIRST TRUST NORTH AMERICAN ENERGY INFRASTRUCTURE FUND EMLP 33738D101 $1.9M 1.02% 43,478 SH
18 TCW TRANSFORM SYSTEMS ETF PWRD 29287L205 $1.8M 0.98% 14,734 SH
19 INTERNATIONAL BUSINESS MACHINES IBM 459200101 $1.8M 0.97% 6,407 SH
20 ELI LILLY & COMPANY LLY 532457108 $1.7M 0.90% 1,385 SH
21 STATE STREET SPDR S&P MIDCAP 400 ETF TRUST MDY 78467Y107 $1.6M 0.84% 2,218 SH
22 VANGUARD INTERNATIONAL HIGH DIVIDEND YIELD ETF VYMI 921946794 $1.5M 0.80% 15,100 SH
23 STATE STREET SPDR S&P 500 ETF TRUST SPY 78462F103 $1.5M 0.80% 1,975 SH
24 CORNING INCORPORATED GLW 219350105 $1.4M 0.75% 5,405 SH
25 MERCK & COMPANY INCORPORATED MRK 58933Y105 $1.4M 0.73% 10,569 SH
26 GE AEROSPACE COM NEW GE 369604301 $1.3M 0.69% 3,433 SH
27 FLEX LIMITED ORD (SINGAPORE) FLEX Y2573F102 $1.2M 0.67% 7,625 SH
28 STARBUCKS CORPORATION SBUX 855244109 $1.2M 0.65% 11,823 SH
29 CISCO SYSTEMS INCORPORATED CSCO 17275R102 $1.2M 0.65% 10,267 SH
30 SCHWAB US DIVIDEND EQUITY ETF SCHD 808524797 $1.2M 0.64% 37,221 SH
31 THERMO FISHER SCIENTIFIC INCORPORATED TMO 883556102 $1.1M 0.61% 2,267 SH
32 NORFOLK SOUTHN CORPORATION NSC 655844108 $1.0M 0.57% 3,332 SH
33 DIMENSIONAL U.S. CORE EQUITY 2 ETF DFAC 25434V708 $998.5K 0.54% 22,510 SH
34 GE VERNOVA INCORPORATED GEV 36828A101 $993.9K 0.54% 846 SH
35 PROCTER & GAMBLE COMPANY PG 742718109 $993.0K 0.54% 6,772 SH
36 ISHARES TR RUSSELL 2000 ETF IWM 464287655 $993.0K 0.54% 3,305 SH
37 SCHWAB FUNDAMENTAL U.S. LARGE COMPANY ETF FNDX 808524771 $944.9K 0.51% 30,384 SH
38 VANGUARD HIGH DIVIDEND YIELD ETF VYM 921946406 $922.4K 0.50% 5,837 SH
39 WATERS CORPORATION WAT 941848103 $895.6K 0.48% 2,388 SH
40 VANGUARD ESG U.S. STOCK ETF ESGV 921910733 $847.5K 0.46% 6,409 SH
41 VISA INCORPORATED COM CLASS A V 92826C839 $847.4K 0.46% 2,470 SH
42 3M COMPANY MMM 88579Y101 $839.8K 0.45% 5,187 SH
43 PNC FINL SVCS GROUP INCORPORATED PNC 693475105 $792.3K 0.43% 3,218 SH
44 AMERICAN EXPRESS COMPANY AXP 025816109 $792.2K 0.43% 2,342 SH
45 TAIWAN SEMICONDUCTOR MANUFACT SPONSORED ADS (TAIWAN) TSM 874039100 $782.3K 0.42% 1,638 SH
46 ADVANCED MICRO DEVICES INCORPORATED AMD 007903107 $771.4K 0.42% 1,328 SH
47 INTEL CORPORATION INTC 458140100 $747.3K 0.40% 5,352 SH
48 COSTCO WHOLESALE CORPORATION COST 22160K105 $692.2K 0.37% 740 SH
49 ISHARES TR RUS 1000 GRW ETF IWF 464287614 $687.9K 0.37% 5,540 SH
50 PACER US CASH COWS 100 ETF COWZ 69374H881 $630.7K 0.34% 10,139 SH
Filing History
Period Filed AUM Holdings Accession
2026-06-30 2026-08-11 $184.8M 877 0002041943-26-000003
2026-03-31 2026-04-30 $166.6M 856 0002041943-26-000002
2025-12-31 2026-02-02 $170.0M 857 0002041943-26-000001
Filer Information
Address
4940 PEARL EAST CIRCLE
SUITE 202
BOULDER, CO 80301
Phone
(720) 728-2801
Filing Manager
Millstone Evans Group, LLC
BOULDER, CO
Signatory
Byron Wilson
Chief Compliance Officer