Bristlecone Value Partners, LLC

Portfolio Overview

Bristlecone Value Partners, LLC disclosed 68 positions worth $113.6M in its Form 13F-HR for Q1 2026. During the quarter the fund opened 31 new positions and exited 0. The portfolio is most concentrated in Other (69.3% of disclosed assets). All figures are sourced directly from Bristlecone Value Partners, LLC’s Form 13F-HR filing with the SEC under CIK 1313998.

• VANGUARD FTSE DEVELOPED MARKETS ETF

  —

  Quality

  $15.0M234,483 sh

• SCHWAB FUNDAMENTAL U.S. LARGE COMPANY ETF

  —

  Quality

  $10.4M375,200 sh

• VANGUARD DIVIDEND APPRECIATION ETF

  —

  Quality

  $9.5M44,024 sh
• 

  WisdomTree, Inc.

  $WT

  62.9

  Quality

  $7.2M119,987 sh

• VANGUARD INTERNATIONAL DIVIDEND APPRECIATION ETF

  —

  Quality

  $4.6M51,553 sh

• AVANTIS INTERNATIONAL SMALL CAP VALUE ETF

  —

  Quality

  $4.1M41,509 sh

• VANGUARD S&P 500 ETF

  —

  Quality

  $3.9M6,487 sh

• ISHARES CORE S&P SMALL CAP ETF

  —

  Quality

  $3.7M29,672 sh

• STATE STREET SPDR S&P GLOBAL NATURAL RESOURCES ETF

  —

  Quality

  $3.7M49,046 sh

• VANGUARD TOTAL BOND MARKET ETF

  —

  Quality

  $3.5M47,276 sh

Company	Quality	Value	Shares
VANGUARD FTSE DEVELOPED MARKETS ETF	—	$15.0M	234,483
SCHWAB FUNDAMENTAL U.S. LARGE COMPANY ETF	—	$10.4M	375,200
VANGUARD DIVIDEND APPRECIATION ETF	—	$9.5M	44,024
WisdomTree, Inc.$WT	62.9	$7.2M	119,987
VANGUARD INTERNATIONAL DIVIDEND APPRECIATION ETF	—	$4.6M	51,553
AVANTIS INTERNATIONAL SMALL CAP VALUE ETF	—	$4.1M	41,509
VANGUARD S&P 500 ETF	—	$3.9M	6,487
ISHARES CORE S&P SMALL CAP ETF	—	$3.7M	29,672
STATE STREET SPDR S&P GLOBAL NATURAL RESOURCES ETF	—	$3.7M	49,046
VANGUARD TOTAL BOND MARKET ETF	—	$3.5M	47,276

Showing top 10 of 68 holdings.

Full Holdings — Bristlecone Value Partners, LLC (Q1 2026)

All 68 disclosed positions from the latest Form 13F-HR, with quarter-over-quarter share changes and 13F Pro quality scores. Sourced from SEC EDGAR.

#	Ticker	Company	Value	Weight	QoQ	Quality
1	—	VANGUARD FTSE DEVELOPED MARKETS ETF	$15.0M	13.2%	-1%	—
2	—	SCHWAB FUNDAMENTAL U.S. LARGE COMPANY ETF	$10.4M	9.2%	+4%	—
3	—	VANGUARD DIVIDEND APPRECIATION ETF	$9.5M	8.3%	+10%	—
4	$WT	WisdomTree, Inc.	$7.2M	6.3%	-0%	62.9
5	—	VANGUARD INTERNATIONAL DIVIDEND APPRECIATION ETF	$4.6M	4.0%	+4%	—
6	—	AVANTIS INTERNATIONAL SMALL CAP VALUE ETF	$4.1M	3.6%	+4%	—
7	—	VANGUARD S&P 500 ETF	$3.9M	3.4%	NEW	—
8	—	ISHARES CORE S&P SMALL CAP ETF	$3.7M	3.3%	+3%	—
9	—	STATE STREET SPDR S&P GLOBAL NATURAL RESOURCES ETF	$3.7M	3.2%	-3%	—
10	—	VANGUARD TOTAL BOND MARKET ETF	$3.5M	3.1%	+0%	—
11	—	ISHARES GLOBAL REIT ETF	$3.0M	2.7%	+6%	—
12	—	VANGUARD ULTRA-SHORT BOND ETF	$2.9M	2.6%	+13%	—
13	—	CAPITAL GROUP CORE PLUS INCOME ETF	$2.4M	2.1%	+23%	—
14	—	VANGUARD SHORT TERM INFL-PROTECTED	$2.2M	1.9%	+9%	—
15	$IVZ	Invesco Ltd.	$2.1M	1.9%	+10%	—
16	—	SCHWAB FUNDAMENTAL INTERNATIONAL EQUITY ETF	$2.1M	1.8%	+3%	—
17	$BAC	BANK OF AMERICA CORP /DE/	$1.7M	1.5%	-1%	68.4
18	$JCI	Johnson Controls International plc	$1.5M	1.4%	-1%	—
19	—	VANGUARD MID-CAP VALUE ETF	$1.5M	1.3%	NEW	—
20	$LOW	LOWES COMPANIES INC	$1.4M	1.3%	NEW	63.5
21	$BRK.B	BERKSHIRE HATHAWAY INC	$1.3M	1.1%	NEW	64.5
22	—	FIRST TRUST DOW JONES SELECT MICROCAP INDEX FUND	$1.3M	1.1%	-4%	—
23	$MKL	MARKEL GROUP INC.	$1.2M	1.1%	NEW	68.2
24	$PEP	PEPSICO INC	$1.2M	1.0%	NEW	62.7
25	—	JPMORGAN ULTRA-SHORT MUNICIPAL INCOME ETF	$1.2M	1.0%	-3%	—
26	$AXP	AMERICAN EXPRESS CO	$1.1M	0.9%	NEW	73.2
27	—	VANGUARD TAX-EXEMPT BOND ETF	$953,298	0.8%	-2%	—
28	$VMI	VALMONT INDUSTRIES INC	$915,415	0.8%	NEW	60.1
29	$IVZ	Invesco Ltd.	$880,313	0.8%	-2%	—
30	$BUD	Anheuser-Busch InBev SA/NV	$822,659	0.7%	-4%	—
31	—	SCHWAB FUNDAMENTAL INTERNATIONAL SMALL EQUITY ETF	$802,909	0.7%	-2%	—
32	$GHC	Graham Holdings Co	$715,765	0.6%	NEW	62
33	$AMGN	AMGEN INC	$706,515	0.6%	NEW	79.5
34	—	SCHWAB FUNDAMENTAL U.S. SMALL COMPANY ETF	$654,763	0.6%	+0%	—
35	$INTC	INTEL CORP	$652,815	0.6%	-1%	41.5
36	$HGTY	Hagerty, Inc.	$632,779	0.6%	+4%	68.2
37	$AGCO	AGCO CORP /DE	$582,942	0.5%	NEW	50.7
38	$NRG	NRG ENERGY, INC.	$568,485	0.5%	NEW	59.5
39	$NTR	Nutrien Ltd.	$504,601	0.4%	NEW	—
40	—	SPDR INTERNATIONAL GOVERNMENT TIPS ETF	$476,863	0.4%	+6%	—
41	$META	Meta Platforms, Inc.	$472,360	0.4%	NEW	80.9
42	$UHAL	U-Haul Holding Co /NV/	$471,760	0.4%	-4%	28.1
43	$OXY	OCCIDENTAL PETROLEUM CORP /DE/	$457,405	0.4%	NEW	66.3
44	$NKE	NIKE, Inc.	$454,041	0.4%	NEW	53.4
45	$CX	CEMEX SAB DE CV	$453,939	0.4%	-1%	—
46	$CMT	CORE MOLDING TECHNOLOGIES INC	$448,000	0.4%	+0%	34.9
47	$AAPL	Apple Inc.	$431,645	0.4%	NEW	76.1
48	$KOP	Koppers Holdings Inc.	$411,942	0.4%	+0%	39
49	$RLGT	RADIANT LOGISTICS, INC	$411,932	0.4%	+0%	58.1
50	$YUM	YUM BRANDS INC	$403,315	0.3%	NEW	71.7
51	$KMX	CARMAX INC	$400,457	0.3%	NEW	54.1
52	—	ISHARES SHORT-TERM CALIFORNIA MUNI ACTIVE ETF	$393,707	0.3%	NEW	—
53	$CHCI	Comstock Holding Companies, Inc.	$391,679	0.3%	+0%	42
54	$DIS	Walt Disney Co	$390,213	0.3%	NEW	68.9
55	$MDT	Medtronic plc	$351,799	0.3%	NEW	—
56	—	VANGUARD GROWTH ETF	$350,306	0.3%	NEW	—
57	$MCFT	MasterCraft Boat Holdings, Inc.	$348,670	0.3%	+20%	32.6
58	$NVR	NVR INC	$342,671	0.3%	NEW	62.3
59	$WT	WisdomTree, Inc.	$341,205	0.3%	NEW	62.9
60	$GIL	Gildan Activewear Inc.	$339,966	0.3%	NEW	—
61	$LH	LABCORP HOLDINGS INC.	$291,623	0.3%	NEW	54.8
62	$TITN	Titan Machinery Inc.	$284,240	0.3%	+0%	38.4
63	$HZO	MARINEMAX INC	$284,130	0.3%	+0%	36.5
64	$NVS	NOVARTIS AG	$274,034	0.2%	NEW	—
65	$CFFI	C & F FINANCIAL CORP	$259,375	0.2%	NEW	54.5
66	—	VANGUARD 0-3 MONTH TREASURY BILL ETF	$259,298	0.2%	NEW	—
67	$SGC	SUPERIOR GROUP OF COMPANIES, INC.	$198,547	0.2%	NEW	38.5
68	$QUAD	Quad/Graphics, Inc.	$198,300	0.2%	NEW	40.1