Bristlecone Value Partners, LLC
Sector Allocation
- Other68.2%$84.8M
- Financials14.6%$18.1M
- Industrials4.8%$5.9M
- Consumer Discretionary4.5%$5.7M
- Technology2.4%$3.0M
- Consumer Staples1.6%$2.0M
- Healthcare1.3%$1.6M
- Materials1.1%$1.4M
- Communication Services0.5%$642,587
- Utilities0.5%$568,173
AUM History
13fpro.ai/research/fund/bristlecone-value-partners-llc-1313998
Conviction and streaks
Stable · top 10 = 57.5%From the fund's last 12 quarters of 13F filings: positions held longest at size, and names it added to or trimmed several quarters running.
Largest positions — Q2 2026
- VANGUARD$16.7M
- SCHWAB$11.6M
- VANGUARD$10.5M
WT
$7.7M- VANGUARD$4.8M
- VANGUARD$4.6M
- ISHARES$4.4M
- AVANTIS$4.3M
- ISHARES$3.5M
- VANGUARD$3.5M
- VANGUARD$3.3M
- STATE$3.3M
- CAPITAL$2.6M
IVZ
$2.3M- SCHWAB$2.2M
INTC
$2.1MBAC
$2.0MJCI
$1.7M- VANGUARD$1.6M
- VANGUARD$1.4M
Top 20 stock positions. Options are left out: 13F reports them at the underlying's value.
13fpro.ai/research/fund/bristlecone-value-partners-llc-1313998
Bristlecone Value Partners, LLC 13F holdings — Q2 2026
$124.3M portfolio (+9.4% QoQ) · 70 holdings · Q2 2026 13F · top 10 are 58% of the stock portfolio
- 1
VANGUARD FTSE DEVELOPED MARKETS ETF - VAN FTSE DEV MKT
$16.7M
13.4% of stocks
+0.1%This quarter—Since filed—HeldAIQuality—Est. buy— - 2
SCHWAB FUNDAMENTAL U.S. LARGE COMPANY ETF - FUNDAMENTAL US L
$11.6M
9.3% of stocks
-0.9%This quarter—Since filed—HeldAIQuality—Est. buy— - 3
VANGUARD DIVIDEND APPRECIATION ETF - DIV APP ETF
$10.5M
8.4% of stocks
+0.4%This quarter—Since filed—HeldAIQuality—Est. buy— $7.7M
6.2% of stocks
-1%This quarter-8.0%Since filed3+ qtrsHeld- 5
VANGUARD INTERNATIONAL DIVIDEND APPRECIATION ETF - INTL DVD ETF
$4.8M
3.9% of stocks
+0.0%This quarter—Since filed—HeldAIQuality—Est. buy— - 6
VANGUARD S&P 500 ETF - S&P 500 ETF SHS
$4.6M
3.7% of stocks
+3%This quarter—Since filed—HeldAIQuality—Est. buy— - 7
ISHARES CORE S&P SMALL CAP ETF - CORE S&P SCP ETF
$4.4M
3.6% of stocks
+0.4%This quarter—Since filed—HeldAIQuality—Est. buy— - 8
AVANTIS INTERNATIONAL SMALL CAP VALUE ETF - INTL SMCP VLU
$4.3M
3.4% of stocks
+0.1%This quarter—Since filed—HeldAIQuality—Est. buy— - 9
ISHARES GLOBAL REIT ETF - GLOBAL REIT ETF
$3.5M
2.8% of stocks
+5%This quarter—Since filed—HeldAIQuality—Est. buy— - 10
VANGUARD TOTAL BOND MARKET ETF - TOTAL BND MRKT
$3.5M
2.8% of stocks
No changeThis quarter—Since filed—HeldAIQuality—Est. buy—
| # | Company | Value | Weight | This quarter | Since filed | Held | AI quality | Est. buy | |
|---|---|---|---|---|---|---|---|---|---|
| 1 | VANGUARD FTSE DEVELOPED MARKETS ETF - VAN FTSE DEV MKT | $16.7M | 13.4% | +0.1% | — | — | — | — | |
| 2 | SCHWAB FUNDAMENTAL U.S. LARGE COMPANY ETF - FUNDAMENTAL US L | $11.6M | 9.3% | -0.9% | — | — | — | — | |
| 3 | VANGUARD DIVIDEND APPRECIATION ETF - DIV APP ETF | $10.5M | 8.4% | +0.4% | — | — | — | — | |
| 4 | $7.7M | 6.2% | -1% | -8.0% | 3+ qtrs | 61.4#787 | Estimated buy price is Pro: unlock with a free trial | ||
| 5 | VANGUARD INTERNATIONAL DIVIDEND APPRECIATION ETF - INTL DVD ETF | $4.8M | 3.9% | +0.0% | — | — | — | — | |
| 6 | VANGUARD S&P 500 ETF - S&P 500 ETF SHS | $4.6M | 3.7% | +3% | — | — | — | — | |
| 7 | ISHARES CORE S&P SMALL CAP ETF - CORE S&P SCP ETF | $4.4M | 3.6% | +0.4% | — | — | — | — | |
| 8 | AVANTIS INTERNATIONAL SMALL CAP VALUE ETF - INTL SMCP VLU | $4.3M | 3.4% | +0.1% | — | — | — | — | |
| 9 | ISHARES GLOBAL REIT ETF - GLOBAL REIT ETF | $3.5M | 2.8% | +5% | — | — | — | — | |
| 10 | VANGUARD TOTAL BOND MARKET ETF - TOTAL BND MRKT | $3.5M | 2.8% | No change | — | — | — | — |
All holdings — Bristlecone Value Partners, LLC (Q2 2026)
70 disclosed positions from the Form 13F-HR on SEC EDGAR, with quarter-over-quarter share changes. Largest by value first; the ten above are not repeated.
| # | Company | Held | Source | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 11 | — | VANGUARD ULTRA-SHORT BOND ETF - VANGUARD ULTRAnote | — | $3.3M | 2.6% | 66K | +13% | — | — | 13F |
| 12 | — | STATE STREET SPDR S&P GLOBAL NATURAL RESOURCES ETF - ST STR NAT ETFetf/fund | — | $3.3M | 2.6% | 48K | -1% | — | — | 13F |
| 13 | — | CAPITAL GROUP CORE PLUS INCOME ETF - CORE PLUS INCMetf/fund | — | $2.6M | 2.1% | 118K | +8% | — | — | 13F |
| 14 | Invesco Ltd.note | Financials | $2.3M | 1.9% | 101K | +9% | 3+ qtrsAdded 2 qtrs in a row | — | 13F | |
| 15 | — | SCHWAB FUNDAMENTAL INTERNATIONAL EQUITY ETF - FUNDAMENTAL INTLetf/fund | — | $2.2M | 1.8% | 42K | +0.3% | — | — | 13F |
| 16 | INTEL CORP | Technology | $2.1M | 1.7% | 15K | -0.3% | 3+ qtrs | 45.6 | 13F | |
| 17 | BANK OF AMERICA CORP /DE/ | Financials | $2.0M | 1.6% | 34K | -0.0% | 3+ qtrs | 68.6 | 13F | |
| 18 | Johnson Controls International plc | Industrials | $1.7M | 1.4% | 12K | -0.5% | 3+ qtrs | — | 13F | |
| 19 | — | VANGUARD MID-CAP VALUE ETF - MCAP VL IDXVIPetf/fund | — | $1.6M | 1.3% | 8,121 | +1% | — | — | 13F |
| 20 | — | VANGUARD SHORT TERM INFL-PROTECTED - STRM INFPROIDXetf/fund | — | $1.4M | 1.1% | 28K | -35% | — | — | 13F |
| 21 | — | FIRST TRUST DOW JONES SELECT MICROCAP INDEX FUND - COM SHS ANNUAL | — | $1.4M | 1.1% | 15K | -6% | — | — | 13F |
| 22 | LOWES COMPANIES INC | Consumer Discretionary | $1.3M | 1.1% | 6,075 | -0.2% | 2 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 23 | BERKSHIRE HATHAWAY INC | Financials | $1.3M | 1.1% | 2,669 | -0.1% | 2 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 24 | VALMONT INDUSTRIES INC | Industrials | $1.3M | 1.1% | 2,291 | — | 2 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 25 | MARKEL GROUP INC. | Financials | $1.3M | 1.0% | 654 | +0.8% | 2 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 26 | $AXP | AMERICAN EXPRESS CO | Financials | $1.2M | 0.9% | 3,484 | — | |||
| 27 | — | JPMORGAN ULTRA-SHORT MUNICIPAL INCOME ETF - ULTRA SHT MUNCPL | — | $1.2M | 0.9% | 23K | -0.3% | |||
| 28 | $PEP | PEPSICO INC | Consumer Staples | $1.0M | 0.8% | 7,608 | — | |||
| 29 | — | VANGUARD TAX-EXEMPT BOND ETF - TAX EXEMPT BD | — | $1.0M | 0.8% | 20K | +6% | |||
| 30 | $BUD | Anheuser-Busch InBev SA/NV | Consumer Staples | $977K | 0.8% | 12K | — | |||
| 31 | $IVZ | Invesco Ltd. | Financials | $944K | 0.8% | 39K | +6% | |||
| 32 | — | SCHWAB FUNDAMENTAL INTERNATIONAL SMALL EQUITY ETF - FUNDAMENTAL INTL | — | $839K | 0.7% | 17K | -0.3% | |||
| 33 | $GHC | Graham Holdings Co | Consumer Discretionary | $773K | 0.6% | 677 | — | |||
| 34 | $AMGN | AMGEN INC | Healthcare | $727K | 0.6% | 2,008 | — | |||
| 35 | $HGTY | Hagerty, Inc. | Financials | $716K | 0.6% | 60K | — | |||
| 36 | — | SCHWAB FUNDAMENTAL U.S. SMALL COMPANY ETF - FUNDAMENTAL US S | — | $656K | 0.5% | 17K | -15% | |||
| 37 | $UHAL | U-Haul Holding Co /NV/ | Consumer Discretionary | $609K | 0.5% | 11K | — | |||
| 38 | $AGCO | AGCO CORP /DE | Industrials | $602K | 0.5% | 5,031 | — | |||
| 39 | — | SPDR INTERNATIONAL GOVERNMENT TIPS ETF - ST STR FTSE ETF | — | $586K | 0.5% | 15K | +23% | |||
| 40 | $NRG | NRG ENERGY, INC. | Utilities | $568K | 0.5% | 3,890 | — | |||
| 41 | $RLGT | RADIANT LOGISTICS, INC | Industrials | $553K | 0.4% | 58K | — | |||
| 42 | $KMX | CARMAX INC | Consumer Discretionary | $514K | 0.4% | 9,711 | +0.8% | |||
| 43 | $AAPL | Apple Inc. | Technology | $492K | 0.4% | 1,700 | -0.1% | |||
| 44 | $KOP | Koppers Holdings Inc. | Industrials | $478K | 0.4% | 11K | — | |||
| 45 | $CX | CEMEX SAB DE CV | Materials | $476K | 0.4% | 40K | — | |||
| 46 | $CMT | CORE MOLDING TECHNOLOGIES INC | Materials | $472K | 0.4% | 20K | — | |||
| 47 | $META | Meta Platforms, Inc. | Technology | $465K | 0.4% | 825 | -0.1% | |||
| 48 | — | ISHARES SHORT-TERM CALIFORNIA MUNI ACTIVE ETF - ISHA SH TERM ETF | — | $461K | 0.4% | 9,132 | +17% | |||
| 49 | $NKE | NIKE, Inc. | Consumer Discretionary | $456K | 0.4% | 11K | +29% | |||
| 50 | $MCFT | MasterCraft Boat Holdings, Inc. | Industrials | $439K | 0.3% | 17K | — | |||
| 51 | $WT | WisdomTree, Inc. | Financials | $437K | 0.3% | 8,683 | +28% | |||
| 52 | $NTR | Nutrien Ltd. | Materials | $421K | 0.3% | 6,687 | — | |||
| 53 | — | VANGUARD GROWTH ETF - GROWTH ETF | — | $415K | 0.3% | 4,812 | +500% | |||
| 54 | $YUM | YUM BRANDS INC | Consumer Discretionary | $413K | 0.3% | 2,584 | -0.4% | |||
| 55 | $DIS | Walt Disney Co | Communication Services | $390K | 0.3% | 4,048 | -0.0% | |||
| 56 | $HZO | MARINEMAX INC | Consumer Discretionary | $385K | 0.3% | 11K | — | |||
| 57 | $TITN | Titan Machinery Inc. | Consumer Discretionary | $359K | 0.3% | 17K | — | |||
| 58 | $OXY | OCCIDENTAL PETROLEUM CORP /DE/ | Energy | $342K | 0.3% | 7,037 | — | |||
| 59 | $NVR | NVR INC | Industrials | $341K | 0.3% | 50 | -4% | |||
| 60 | $CHCI | Comstock Holding Companies, Inc. | Real Estate | $331K | 0.3% | 21K | — | |||
| 61 | $MDT | Medtronic plc | Healthcare | $318K | 0.3% | 4,060 | — | |||
| 62 | $GIL | Gildan Activewear Inc. | Consumer Discretionary | $315K | 0.3% | 6,109 | — | |||
| 63 | $LH | LABCORP HOLDINGS INC. | Healthcare | $306K | 0.3% | 1,093 | — | |||
| 64 | $CFFI | C & F FINANCIAL CORP | Financials | $284K | 0.2% | 3,556 | — | |||
| 65 | $SGC | SUPERIOR GROUP OF COMPANIES, INC. | Consumer Discretionary | $256K | 0.2% | 20K | — | |||
| 66 | $QUAD | Quad/Graphics, Inc. | Communication Services | $253K | 0.2% | 30K | — | |||
| 67 | $EML | EASTERN CO | Industrials | $251K | 0.2% | 9,000 | New | |||
| 68 | $NVS | NOVARTIS AG | Healthcare | $236K | 0.2% | 1,505 | -16% | |||
| 69 | $FSTR | FOSTER L B CO | Consumer Discretionary | $235K | 0.2% | 5,194 | New | |||
| 70 | $PII | Polaris Inc. | Industrials | $206K | 0.2% | 3,003 | New |
What changed in Q2 2026
Against the previous quarter's 13F: 3 new, 21 added to, 19 trimmed, 1 sold out. Share-count changes; largest moves by dollar size first.
New positions (3)
Added to (21)
- VANGUARD ULTRA-SHORT BOND ETF - VANGUARD ULTRA+13%
now $3.3M
- VANGUARD GROWTH ETF - GROWTH ETF+500%
now $415K
- CAPITAL GROUP CORE PLUS INCOME ETF - CORE PLUS INCM+8%
now $2.6M
now $2.3M · held 3+ qtrs, 2 adds in a row
- ISHARES GLOBAL REIT ETF - GLOBAL REIT ETF+5%
now $3.5M
- VANGUARD S&P 500 ETF - S&P 500 ETF SHS+3%
now $4.6M
+15 more in the Excel export
Trimmed (19)
- VANGUARD SHORT TERM INFL-PROTECTED - STRM INFPROIDX-35%
now $1.4M
- SCHWAB FUNDAMENTAL U.S. SMALL COMPANY ETF - FUNDAMENTAL US S-15%
now $656K
- SCHWAB FUNDAMENTAL U.S. LARGE COMPANY ETF - FUNDAMENTAL US L-0.9%
now $11.6M
- FIRST TRUST DOW JONES SELECT MICROCAP INDEX FUND - COM SHS ANNUAL-6%
now $1.4M
now $7.7M · held 3+ qtrs
$NVSNOVARTIS AG-16%
now $236K · held 2 qtrs
+13 more in the Excel export
Sold out (1)
- VANGUARD 0-3 MONTH TREASURY BILL ETFwas $259K
Holdings by quarter
Every 13F Bristlecone Value Partners, LLC has filed, 2 earlier quarters. Pick one to see what it held then.
Is it too late to follow Bristlecone Value Partners?
Q2 2026 13F filed with the SEC on Aug 14, 2026. Prices are closing prices as of Oct 26, 2026.
Average quality of Bristlecone Value Partners's top 20 holdings: 61/100 (our AI quality score, weighted by position size; 17 of the 20 are scored)
Top 10 since filing
-9.7%
Value-weighted move of the 10 largest stock positions
Turnover
1%
Last quarter
Top 10 weight
58%
Share of the stock portfolio in its 10 largest positions
Held 4+ quarters
0%
Share of portfolio value in positions held a year or more
Highest-quality names it owns(among its 100 largest positions)
The 8 highest-scoring companies in this portfolio are a Pro feature.
How these are measured
- Moves since the quarter-end and since the filing date use our own daily closing prices, from the close on (or just before) each date to the latest close.
- Turnover is the lesser of shares bought or sold in a quarter, valued at the quarter-end prices in the 13F, divided by the average of the two quarters' stock portfolio values.
- Quarters held and add/trim streaks count back only through quarters whose filed holdings add up to the filing's own cover-page total (back to Q4 2025 for this fund). A change counts as an add or a trim when the split-adjusted share count moves by more than 1%.
- Estimate, not the fund's reported cost. For each quarter in the current holding period in which the fund's share count rose (split-adjusted), we take that quarter's average daily close and weight it by the shares added; sales do not change an average cost. Quarters where the stock's price history and the 13F's own implied price disagree by more than 2x are left out.
- Put and call option rows report the value of the underlying shares, not a position the fund paid for, so they are left out of all of the above.
Portfolio Overview
Bristlecone Value Partners, LLC disclosed 70 positions worth $124.3M in its Form 13F-HR for Q2 2026. During the quarter the fund opened 3 new positions and exited 1 — including a new stake in $EML. The portfolio is most concentrated in Other (68.2% of disclosed assets). All figures are sourced directly from Bristlecone Value Partners, LLC’s Form 13F-HR filing with the SEC under CIK 1313998.
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AI-Powered Hedge Fund Analysis: Bristlecone Value Partners, LLC
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