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CASCADE INVESTMENT GROUP, INC. — 13F Holdings & Portfolio

CIK 919447 · latest 13F-HR filed 2026-10-13

Backtest portfolio

CASCADE INVESTMENT GROUP, INC. manages $180.5M in 13F-reported U.S. long-equity assets across 160 reported positions as of its 2026-09-30 13F-HR filing. Its largest disclosed positions are VTI (14.72%), SPTM (5.10%), AAPL (5.01%). Quarter over quarter (versus its 2026-06-30 filing) the fund opened 15 new positions and exited 11; 35 existing positions rose in reported value and 57 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
$180.5M

Long-equity book

Holdings
160

Distinct positions

Period
2026-09-30

Filed 2026-10-13

Q/Q Activity
+15 / −11 / ↑35 / ↓57

vs 2026-06-30

Portfolio charts

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

Portfolio map

Q3 26
VTI14.7% · -0%SPTM5.1% · -0%AAPL5.0% · -1%CIBR3.0% · -5%VXUS2.9% · +6%AMZN1.9% · -1%MSFT1.8% · -0%SKYY1.7% · -4%CVX1.7% · 0%GOOG1.5% · -1%ARTY1.5% · -1%SPG1.4% · -1%PBA1.3% · -3%GOOGL1.3% · +12%V1.3% · -0%JPM1.1% · +1%NVDA1.1% · -1%GLP1.0% · -1%SPYI1.0% · +3%TXUE1.0% · +27%IRM1.0% · -4%ET1.0% · -0%MO0.9% · -1%BIZD0.9% · +12%FTGC0.9% · +1%ABBV0.9% · -4%OHI0.9% · -4%FTNT0.9% · -2%PWR0.9% · -3%AM0.9% · -0%SUN0.9% · -1%RAAX0.9% · +6%IBM0.8% · -10%JNJ0.8% · -1%DTCR0.8% · +10%JEPI0.8% · -3%SPYD0.8% · +0%AVGO0.7% · 0%BRK.B0.6% · -4%OKE0.6% · +1%FV0.6% · -1%HASI0.6% · 0%ARCC0.6% · -2%OUNZ0.6% · 0%FLTR0.6% · newAMAT0.6% · -4%GS0.6% · +15%PANW0.6% · +1%GLW0.6% · -5%BND0.6% · -18%SPY0.5% · -1%BUFR0.5% · +7%CRWD0.5% · +286%BOTZ0.5% · +4%COST0.5% · -5%DAUG0.4% · newGPIX0.4% · -1%KEYS0.4% · -12%EXR0.4% · -4%SMH0.4% · -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

Q2 26 → Q3 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

5 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 = 39.3%

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 INVESTMENT GROUP, INC. Holdings (2026-09-30)

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 VANGUARD INDEX FDS VTI 922908769 $26.6M 14.72% 70,982 SH
2 SPDR SERIES TRUST SPTM 78464A805 $9.2M 5.10% 99,991 SH
3 APPLE INC AAPL 037833100 $9.0M 5.01% 27,162 SH
4 FIRST TR EXCHANGE-TRADED FD CIBR 33734X846 $5.5M 3.02% 52,889 SH
5 VANGUARD STAR FDS VXUS 921909768 $5.1M 2.85% 60,601 SH
6 AMAZON COM INC AMZN 023135106 $3.4M 1.87% 13,537 SH
7 MICROSOFT CORP MSFT 594918104 $3.2M 1.79% 6,300 SH
8 FIRST TR EXCHANGE-TRADED FD SKYY 33734X192 $3.1M 1.74% 19,142 SH
9 CHEVRON CORPORATION CVX 166764100 $3.0M 1.66% 14,657 SH
10 ALPHABET INC GOOG 02079K107 $2.7M 1.50% 7,945 SH
11 ISHARES TR ARTY 46435U556 $2.7M 1.48% 34,134 SH
12 SIMON PPTY GROUP INC NEW SPG 828806109 $2.5M 1.38% 12,367 SH
13 PEMBINA PIPELINE CORP PBA 706327103 $2.4M 1.33% 53,881 SH
14 ALPHABET INC GOOGL 02079K305 $2.3M 1.27% 6,668 SH
15 VISA INC V 92826C839 $2.3M 1.27% 6,370 SH
16 JPMORGAN CHASE & CO JPM 46625H100 $2.0M 1.11% 6,043 SH
17 NVIDIA CORPORATION NVDA 67066G104 $1.9M 1.07% 8,471 SH
18 GLOBAL PARTNERS LP GLP 37946R109 $1.9M 1.04% 40,550 SH
19 NEOS ETF TRUST SPYI 78433H303 $1.8M 1.02% 34,718 SH
20 THORNBURG ETF TR TXUE 88521L306 $1.8M 1.02% 53,123 SH
21 IRON MTN INC DEL IRM 46284V101 $1.8M 0.98% 16,006 SH
22 ENERGY TRANSFER L P ET 29273V100 $1.7M 0.96% 87,654 SH
23 ALTRIA GROUP INC MO 02209S103 $1.7M 0.94% 25,247 SH
24 VANECK ETF TRUST BIZD 92189F411 $1.7M 0.93% 129,950 SH
25 FIRST TR EXCHANGE TRAD FD VI FTGC 33739H101 $1.7M 0.92% 54,491 SH
26 ABBVIE INC ABBV 00287Y109 $1.6M 0.90% 6,221 SH
27 OMEGA HEALTHCARE INVS INC OHI 681936100 $1.6M 0.90% 35,048 SH
28 FORTINET INC FTNT 34959E109 $1.6M 0.90% 9,075 SH
29 QUANTA SVCS INC PWR 74762E102 $1.6M 0.88% 2,467 SH
30 ANTERO MIDSTREAM CORP AM 03676B102 $1.6M 0.88% 78,607 SH
31 SUNOCO LP/SUNOCO FIN CORP SUN 86765K109 $1.6M 0.87% 21,430 SH
32 VANECK ETF TRUST RAAX 92189F130 $1.5M 0.86% 38,831 SH
33 INTERNATIONAL BUSINESS MACHS IBM 459200101 $1.5M 0.82% 6,732 SH
34 JOHNSON & JOHNSON JNJ 478160104 $1.5M 0.81% 5,511 SH
35 GLOBAL X FDS DTCR 37954Y236 $1.4M 0.79% 52,479 SH
36 J P MORGAN EXCHANGE TRADED F JEPI 46641Q332 $1.4M 0.77% 24,643 SH
37 SPDR SERIES TRUST SPYD 78468R788 $1.4M 0.76% 30,281 SH
38 BROADCOM INC AVGO 11135F101 $1.2M 0.68% 3,496 SH
39 BERKSHIRE HATHAWAY INC DEL BRK.B 084670702 $1.2M 0.64% 2,323 SH
40 ONEOK INC NEW OKE 30609A109 $1.1M 0.63% 13,234 SH
41 FIRST TR EXCHANGE TRADED FD FV 33738R605 $1.1M 0.61% 15,093 SH
42 HA SUSTAINABLE INFRA CAP INC HASI 41068X100 $1.1M 0.61% 30,650 SH
43 ARES CAPITAL CORP ARCC 04010L103 $1.1M 0.61% 57,183 SH
44 VANECK MERK GOLD ETF OUNZ 921078101 $1.1M 0.60% 27,210 SH
45 VANECK ETF TRUST FLTR 92189F486 $1.1M 0.60% 42,100 SH
46 APPLIED MATLS INC AMAT 038222105 $1.1M 0.59% 2,099 SH
47 GOLDMAN SACHS GROUP INC GS 38141G104 $1.1M 0.59% 1,180 SH
48 PALO ALTO NETWORKS INC PANW 697435105 $1.0M 0.58% 2,630 SH
49 CORNING INC GLW 219350105 $1.0M 0.57% 6,645 SH
50 VANGUARD BD INDEX FDS BND 921937835 $997.0K 0.55% 14,213 SH
Filing History
Period Filed AUM Holdings Accession
2026-09-30 2026-10-13 $180.5M 160 0001172661-26-004496
2026-06-30 2026-07-23 $178.3M 156 0001172661-26-002766
2026-03-31 2026-05-13 $151.9M 147 0001172661-26-001767
2025-12-31 2026-01-22 $149.8M 143 0001172661-26-000257
2025-09-30 2025-10-29 $151.1M 146 0001172661-25-004485
Filer Information
Address
444 E. PIKES PEAK AVENUE
SUITE 200
COLORADO SPRINGS, CO 80903
Phone
(719) 632-0818
Filing Manager
CASCADE INVESTMENT GROUP, INC.
Colorado Springs, CO
Signatory
Scott Rethi
Chief Compliance Officer