BLUESTEM FINANCIAL ADVISORS, LLC

Portfolio Overview

BLUESTEM FINANCIAL ADVISORS, LLC disclosed 34 positions worth $285.5M in its Form 13F-HR for Q2 2026. During the quarter the fund opened 2 new positions and exited 1 — including a new stake in $RVMD. The portfolio is most concentrated in Other (97.0% of disclosed assets). All figures are sourced directly from BLUESTEM FINANCIAL ADVISORS, LLC’s Form 13F-HR filing with the SEC under CIK 1820680.

• VANGUARD BD INDEX FDS - TOTAL BND MRKT

  —

  Quality

  $59.8M814,283 sh

• ISHARES TR - CORE S&P500 ETF

  —

  Quality

  $58.5M78,119 sh

• VANGUARD INDEX FDS - SMALL CP ETF

  —

  Quality

  $36.7M120,996 sh

• VANGUARD INTL EQUITY INDEX F - ALLWRLD EX US

  —

  Quality

  $35.7M425,716 sh

• VANGUARD INDEX FDS - REAL ESTATE ETF

  —

  Quality

  $15.0M155,978 sh

• ISHARES TR - ESG AWR US AGRGT

  —

  Quality

  $7.3M154,210 sh

• ISHARES TR - ESG MSCI LEADR

  —

  Quality

  $6.7M50,128 sh

• VANGUARD TAX-MANAGED FDS - VAN FTSE DEV MKT

  —

  Quality

  $6.3M88,670 sh
• 

  Meta Platforms, Inc.

  $META

  79.6

  Quality

  $6.3M80,452 sh

• ISHARES TR - ESG AWARE MSCI

  —

  Quality

  $5.7M101,057 sh

Company	Quality	Value	Shares
VANGUARD BD INDEX FDS - TOTAL BND MRKT	—	$59.8M	814,283
ISHARES TR - CORE S&P500 ETF	—	$58.5M	78,119
VANGUARD INDEX FDS - SMALL CP ETF	—	$36.7M	120,996
VANGUARD INTL EQUITY INDEX F - ALLWRLD EX US	—	$35.7M	425,716
VANGUARD INDEX FDS - REAL ESTATE ETF	—	$15.0M	155,978
ISHARES TR - ESG AWR US AGRGT	—	$7.3M	154,210
ISHARES TR - ESG MSCI LEADR	—	$6.7M	50,128
VANGUARD TAX-MANAGED FDS - VAN FTSE DEV MKT	—	$6.3M	88,670
Meta Platforms, Inc.$META	79.6	$6.3M	80,452
ISHARES TR - ESG AWARE MSCI	—	$5.7M	101,057

Showing top 10 of 34 holdings.

Full Holdings — BLUESTEM FINANCIAL ADVISORS, LLC (Q2 2026)

All 34 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 BD INDEX FDS - TOTAL BND MRKT	$59.8M	20.9%	+12%	—
2	—	ISHARES TR - CORE S&P500 ETF	$58.5M	20.5%	-5%	—
3	—	VANGUARD INDEX FDS - SMALL CP ETF	$36.7M	12.8%	-2%	—
4	—	VANGUARD INTL EQUITY INDEX F - ALLWRLD EX US	$35.7M	12.5%	-2%	—
5	—	VANGUARD INDEX FDS - REAL ESTATE ETF	$15.0M	5.3%	-1%	—
6	—	ISHARES TR - ESG AWR US AGRGT	$7.3M	2.6%	+11%	—
7	—	ISHARES TR - ESG MSCI LEADR	$6.7M	2.3%	+2%	—
8	—	VANGUARD TAX-MANAGED FDS - VAN FTSE DEV MKT	$6.3M	2.2%	+2%	—
9	$META	Meta Platforms, Inc.	$6.3M	2.2%	-3%	79.6
10	—	ISHARES TR - ESG AWARE MSCI	$5.7M	2.0%	+2%	—
11	—	VANGUARD INDEX FDS - TOTAL STK MKT	$5.4M	1.9%	-11%	—
12	—	VANGUARD WORLD FD - ESG INTL STK ETF	$5.0M	1.8%	+4%	—
13	—	ISHARES TR - CORE 1 5 YR USD	$4.4M	1.6%	-2%	—
14	—	ISHARES TR - CORE US AGGBD ET	$4.2M	1.5%	-2%	—
15	—	VANGUARD INDEX FDS - S&P 500 ETF SHS	$4.2M	1.5%	+8%	—
16	—	SPDR SERIES TRUST - ST STR P500ETF	$3.9M	1.4%	-3%	—
17	—	ISHARES TR - CORE S&P SCP ETF	$3.5M	1.2%	+1%	—
18	—	SCHWAB STRATEGIC TR - US SML CAP ETF	$2.7M	1.0%	-2%	—
19	—	VANGUARD INDEX FDS - LARGE CAP ETF	$2.6M	0.9%	-8%	—
20	—	VANGUARD STAR FDS - VG TL INTL STK F	$2.6M	0.9%	-5%	—
21	—	VANGUARD MUN BD FDS - TAX EXEMPT BD	$1.7M	0.6%	+13%	—
22	—	ISHARES TR - ESG OPTIMIZED	$1.7M	0.6%	+0%	—
23	—	VANGUARD INDEX FDS - MID CAP ETF	$1.2M	0.4%	+277%	—
24	$AAPL	Apple Inc.	$794,092	0.3%	-1%	76.3
25	$MSFT	MICROSOFT CORP	$600,944	0.2%	-2%	79.7
26	$SPY	SPDR S&P 500 ETF TRUST	$590,695	0.2%	-26%	—
27	—	SCHWAB STRATEGIC TR - US REIT ETF	$578,699	0.2%	-1%	—
28	—	ISHARES TR - CORE S&P MCP ETF	$411,922	0.1%	+7%	—
29	$APH	AMPHENOL CORP /DE/	$335,938	0.1%	+1%	79.1
30	—	VANGUARD WORLD FD - ESG US STK ETF	$310,643	0.1%	-4%	—
31	$BRK.B	BERKSHIRE HATHAWAY INC	$242,156	0.1%	+1%	73.6
32	$RVMD	Revolution Medicines, Inc.	$224,317	0.1%	NEW	—
33	—	DBX ETF TR - XTRACKERS MSCI	$217,965	0.1%	-27%	—
34	$CAT	CATERPILLAR INC	$213,554	0.1%	NEW	66.3