13F HOLDINGS REPORT

Bristlecone Advisors, LLC

Quarter ended Q3 2025 · Filed October 24, 2025 · Accession 0001671716-25-000004

Total Value

$1.20B

Positions

233

Other Managers

Confidential Omitted

View on SEC.gov

Holdings (233)

#	Issuer	Ticker / CUSIP	Shares	Value	% of Filing
1	MICROSOFT CORP	MSFT	226,320	$117.2M	9.80%
2	ISHARES TR	464287200	100,119	$67.0M	5.60%
3	NVIDIA CORPORATION	NVDA	259,999	$48.5M	4.05%
4	APPLE INC	AAPL	177,528	$45.2M	3.78%
5	SPDR INDEX SHS FDS	78463X889	976,872	$41.8M	3.49%
6	ISHARES TR	464287226	385,520	$38.6M	3.23%
7	ISHARES TR	464287507	498,272	$32.5M	2.72%
8	SCHWAB STRATEGIC TR	808524201	1,226,756	$32.3M	2.70%
9	AMAZON COM INC	AMZN	122,211	$26.8M	2.24%
10	VANGUARD INDEX FDS	922908637	83,711	$25.8M	2.15%
11	ALPHABET INC	GOOG	104,082	$25.3M	2.11%
12	COSTCO WHSL CORP NEW	22160K105	26,551	$24.6M	2.05%
13	SPDR SERIES TRUST	78464A649	877,707	$22.7M	1.90%
14	VANGUARD BD INDEX FDS	921937835	303,262	$22.6M	1.88%
15	SELECT SECTOR SPDR TR	81369Y803	77,031	$21.7M	1.81%
16	GALLAGHER ARTHUR J & CO	363576109	67,794	$21.0M	1.75%
17	WISDOMTREE TR	WT	227,025	$19.8M	1.65%
18	ISHARES TR	464287804	163,270	$19.4M	1.62%
19	J P MORGAN EXCHANGE TRADED F	46641Q837	344,989	$17.5M	1.46%
20	VANGUARD INDEX FDS	922908751	64,155	$16.3M	1.36%
21	SPDR S&P 500 ETF TR	SPY	23,981	$16.0M	1.34%
22	VANGUARD INDEX FDS	922908736	33,251	$15.9M	1.33%
23	VANGUARD TAX-MANAGED FDS	921943858	264,824	$15.9M	1.33%
24	ISHARES TR	464287499	163,187	$15.8M	1.32%
25	META PLATFORMS INC	META	19,799	$14.5M	1.22%
26	SCHWAB STRATEGIC TR	808524805	565,337	$13.2M	1.10%
27	PALANTIR TECHNOLOGIES INC	PLTR	61,746	$11.3M	0.94%
28	JPMORGAN CHASE & CO.	VYLD	34,386	$10.8M	0.91%
29	BERKSHIRE HATHAWAY INC DEL	BRK-A	19,841	$10.0M	0.83%
30	TESLA INC	TSLA	21,823	$9.7M	0.81%
31	INVESCO QQQ TR	IVZ	15,558	$9.3M	0.78%
32	SPDR SERIES TRUST	78464A409	81,587	$8.5M	0.71%
33	VANGUARD INTL EQUITY INDEX F	922042858	156,532	$8.5M	0.71%
34	GOLDMAN SACHS ETF TR	NVGLF	156,676	$7.9M	0.66%
35	VISA INC	V	21,983	$7.5M	0.63%
36	JOHNSON & JOHNSON	JNJ	39,236	$7.3M	0.61%
37	VANGUARD INDEX FDS	922908629	24,476	$7.2M	0.60%
38	ISHARES TR	464287465	74,292	$6.9M	0.58%
39	NETFLIX INC	NFLX	5,650	$6.8M	0.57%
40	GOLDMAN SACHS ETF TR	NVGLF	156,815	$6.6M	0.55%
41	HOME DEPOT INC	HD	16,048	$6.5M	0.54%
42	FORTINET INC	FTNT	74,095	$6.2M	0.52%
43	WISDOMTREE TR	WT	113,306	$5.7M	0.48%
44	TRAVELERS COMPANIES INC	TRV	19,177	$5.4M	0.45%
45	LAM RESEARCH CORP	LRCX	39,304	$5.3M	0.44%
46	ISHARES TR	464287523	19,213	$5.2M	0.44%
47	ISHARES TR	464288760	23,560	$4.9M	0.41%
48	NIKE INC	NKE	70,520	$4.9M	0.41%
49	SPDR INDEX SHS FDS	78463X509	103,638	$4.9M	0.41%
50	AMGEN INC	AMGN	16,673	$4.7M	0.39%
51	BLACKROCK INC	BLK	4,008	$4.7M	0.39%
52	STARBUCKS CORP	SBUX	54,747	$4.6M	0.39%
53	WHEATON PRECIOUS METALS CORP	WPM	39,586	$4.4M	0.37%
54	VANGUARD MUN BD FDS	922907746	87,473	$4.4M	0.37%
55	RTX CORPORATION	RTX	25,323	$4.2M	0.35%
56	EXXON MOBIL CORP	XOM	37,531	$4.2M	0.35%
57	CINTAS CORP	CTAS	20,475	$4.2M	0.35%
58	PEPSICO INC	PEP	29,691	$4.2M	0.35%
59	VANGUARD INDEX FDS	922908363	6,739	$4.1M	0.34%
60	PACCAR INC	PCAR	41,224	$4.1M	0.34%
61	BOOKING HOLDINGS INC	BKNG	736	$4.0M	0.33%
62	ISHARES TR	464287309	32,398	$3.9M	0.33%
63	SPDR S&P MIDCAP 400 ETF TR	MDY	6,524	$3.9M	0.32%
64	SPDR SERIES TRUST	78464A201	41,199	$3.9M	0.32%
65	ISHARES TR	464288588	40,475	$3.9M	0.32%
66	ECOLAB INC	ECL	12,688	$3.5M	0.29%
67	DOUBLELINE ETF TRUST	25861R105	74,663	$3.5M	0.29%
68	VANGUARD WORLD FD	92204A702	4,636	$3.5M	0.29%
69	DANAHER CORPORATION	235851102	17,439	$3.5M	0.29%
70	VEEVA SYS INC	VEEV	11,100	$3.3M	0.28%
71	CHUBB LIMITED	CB	11,648	$3.3M	0.27%
72	SCHWAB STRATEGIC TR	808524508	109,703	$3.3M	0.27%
73	NORTHROP GRUMMAN CORP	NOC	5,286	$3.2M	0.27%
74	J P MORGAN EXCHANGE TRADED F	46641Q332	54,021	$3.1M	0.26%
75	DISNEY WALT CO	254687106	26,813	$3.1M	0.26%
76	PROCTER AND GAMBLE CO	742718109	19,880	$3.1M	0.26%
77	ISHARES TR	46432F339	15,514	$3.0M	0.25%
78	ISHARES INC	46434G103	45,404	$3.0M	0.25%
79	ALPHABET INC	GOOG	12,022	$2.9M	0.24%
80	UNITEDHEALTH GROUP INC	UNH	8,388	$2.9M	0.24%
81	NEXTERA ENERGY INC	NEE-PW	35,912	$2.7M	0.23%
82	HONEYWELL INTL INC	438516106	12,867	$2.7M	0.23%
83	UNION PAC CORP	UNP	11,257	$2.7M	0.22%
84	UBER TECHNOLOGIES INC	UBER	26,597	$2.6M	0.22%
85	GOLDMAN SACHS ETF TR	NVGLF	55,139	$2.6M	0.22%
86	ADOBE INC	ADBE	7,206	$2.5M	0.21%
87	VANGUARD STAR FDS	921909768	34,533	$2.5M	0.21%
88	EXPEDITORS INTL WASH INC	302130109	20,645	$2.5M	0.21%
89	VALERO ENERGY CORP	VLO	14,857	$2.5M	0.21%
90	SPDR SERIES TRUST	78464A821	27,139	$2.5M	0.21%
91	KLA CORP	KLAC	2,256	$2.4M	0.20%
92	ARISTA NETWORKS INC	ANET	16,435	$2.4M	0.20%
93	CHEVRON CORP NEW	CVX	15,257	$2.4M	0.20%
94	SCHWAB STRATEGIC TR	808524300	73,325	$2.3M	0.20%
95	J P MORGAN EXCHANGE TRADED F	46641Q654	45,417	$2.3M	0.19%
96	ZOETIS INC	ZTS	14,658	$2.1M	0.18%
97	SPDR SERIES TRUST	78464A508	36,904	$2.0M	0.17%
98	PUBLIC STORAGE OPER CO	PSA-PS	6,846	$2.0M	0.17%
99	VANGUARD WHITEHALL FDS	921946406	13,651	$1.9M	0.16%
100	ELI LILLY & CO	LLY	2,512	$1.9M	0.16%
101	WISDOMTREE TR	WT	23,899	$1.9M	0.16%
102	ISHARES GOLD TR	IAU	25,978	$1.9M	0.16%
103	TEXAS INSTRS INC	882508104	9,979	$1.8M	0.15%
104	TETRA TECH INC NEW	TTEK	54,506	$1.8M	0.15%
105	US BANCORP DEL	USB-PS	34,879	$1.7M	0.14%
106	ISHARES TR	464287655	6,883	$1.7M	0.14%
107	ISHARES TR	464287408	7,950	$1.6M	0.14%
108	SOUTHERN CO	SOMN	16,845	$1.6M	0.13%
109	SPDR SERIES TRUST	78464A870	15,623	$1.6M	0.13%
110	EQUINIX INC	EQIX	1,947	$1.5M	0.13%
111	UNITED PARCEL SERVICE INC	UPS	17,313	$1.4M	0.12%
112	COMCAST CORP NEW	CCZ	44,143	$1.4M	0.12%
113	PAYPAL HLDGS INC	PYPL	19,821	$1.3M	0.11%
114	MCKESSON CORP	MCK	1,699	$1.3M	0.11%
115	ISHARES TR	46436E718	12,703	$1.3M	0.11%
116	INTEL CORP	INTC	37,995	$1.3M	0.11%
117	PFIZER INC	PFE	49,316	$1.3M	0.11%
118	GOLDMAN SACHS ETF TR	NVGLF	12,204	$1.2M	0.10%
119	SELECT SECTOR SPDR TR	81369Y407	4,996	$1.2M	0.10%
120	WISDOMTREE TR	WT	21,774	$1.1M	0.10%
121	FLEXSHARES TR	FLEX	18,455	$1.1M	0.09%
122	BOEING CO	BA-PA	5,081	$1.1M	0.09%
123	MERCK & CO INC	MRK	12,701	$1.1M	0.09%
124	WEYERHAEUSER CO MTN BE	WY	42,796	$1.1M	0.09%
125	SCHWAB STRATEGIC TR	808524607	37,964	$1.1M	0.09%
126	ISHARES TR	46432F842	12,079	$1.1M	0.09%
127	ISHARES TR	46434V878	20,699	$1.1M	0.09%
128	ORACLE CORP	ORCL-PD	3,672	$1.0M	0.09%
129	SPDR SERIES TRUST	78464A383	44,967	$1.0M	0.08%
130	SELECT SECTOR SPDR TR	81369Y209	7,109	$989,360	0.08%
131	VANGUARD INDEX FDS	922908769	2,984	$979,262	0.08%
132	TCW ETF TRUST	29287L205	9,602	$938,029	0.08%
133	SPDR GOLD TR	GLD	2,571	$913,914	0.08%
134	ISHARES TR	464288620	17,287	$902,728	0.08%
135	ISHARES TR	464288356	15,704	$895,757	0.07%
136	ISHARES TR	46429B267	36,600	$846,192	0.07%
137	ISHARES TR	464287614	1,764	$826,276	0.07%
138	ABBVIE INC	ABBV	3,540	$819,652	0.07%
139	VANGUARD INDEX FDS	922908744	4,386	$817,881	0.07%
140	GRAYSCALE BITCOIN MINI TR ET	389930207	16,046	$812,409	0.07%
141	ISHARES BITCOIN TRUST ETF	IBIT	12,250	$796,250	0.07%
142	GOLDMAN SACHS GROUP INC	GSCE	993	$790,776	0.07%
143	SYSCO CORP	SYY	9,599	$790,423	0.07%
144	KELLANOVA	BEKE	9,568	$784,768	0.07%
145	KROGER CO	KR	11,500	$775,215	0.06%
146	ADVANCED MICRO DEVICES INC	AMD	4,721	$763,829	0.06%
147	SALESFORCE INC	CRM	3,194	$756,978	0.06%
148	PURE STORAGE INC	74624M102	9,000	$754,290	0.06%
149	VANGUARD ADMIRAL FDS INC	921932778	7,800	$742,716	0.06%
150	CONOCOPHILLIPS	COP	7,655	$724,084	0.06%
151	WORLD GOLD TR	GLDW	9,000	$688,050	0.06%
152	PGIM ETF TR	69344A107	13,694	$682,373	0.06%
153	INTERNATIONAL BUSINESS MACHS	INTR	2,387	$673,565	0.06%
154	VANGUARD SPECIALIZED FUNDS	921908844	3,078	$664,304	0.06%
155	ISHARES TR	464288414	6,206	$660,877	0.06%
156	ISHARES TR	464287150	4,515	$657,610	0.05%
157	VANGUARD SCOTTSDALE FDS	92206C565	9,068	$631,711	0.05%
158	ISHARES TR	464287671	3,756	$618,013	0.05%
159	WALMART INC	WMT	5,894	$607,481	0.05%
160	BROADCOM INC	AVGO	1,828	$603,076	0.05%
161	VANGUARD SCOTTSDALE FDS	92206C771	12,583	$590,898	0.05%
162	ISHARES TR	464287598	2,865	$583,286	0.05%
163	SHERWIN WILLIAMS CO	SHW	1,649	$570,983	0.05%
164	TYLER TECHNOLOGIES INC	TYL	1,037	$542,517	0.05%
165	DIMENSIONAL ETF TRUST	25434V302	16,915	$533,330	0.04%
166	ALBEMARLE CORP	ALB-PA	6,371	$516,561	0.04%
167	ISHARES TR	464287739	5,134	$498,409	0.04%
168	SELECT SECTOR SPDR TR	81369Y100	5,560	$498,288	0.04%
169	LOCKHEED MARTIN CORP	LMT	982	$490,225	0.04%
170	VANGUARD ADMIRAL FDS INC	921932703	2,426	$483,915	0.04%
171	CSX CORP	CSX	13,541	$480,841	0.04%
172	ASTRONICS CORP	ATROB	10,280	$468,871	0.04%
173	STRYKER CORPORATION	SYK	1,256	$464,306	0.04%
174	PALO ALTO NETWORKS INC	PANW	2,208	$449,593	0.04%
175	AMERICAN TOWER CORP NEW	03027X100	2,302	$442,721	0.04%
176	SPDR SERIES TRUST	78468R739	8,689	$418,984	0.04%
177	VANGUARD CHARLOTTE FDS	92203J407	8,425	$416,701	0.03%
178	CISCO SYS INC	CSCO	5,962	$407,948	0.03%
179	VANGUARD INTL EQUITY INDEX F	922042775	5,707	$407,278	0.03%
180	VANGUARD SCOTTSDALE FDS	92206C870	4,786	$402,527	0.03%
181	SELECT SECTOR SPDR TR	81369Y506	4,444	$397,069	0.03%
182	PNC FINL SVCS GROUP INC	693475105	1,956	$392,939	0.03%
183	NOVO-NORDISK A S	NONOF	6,875	$381,494	0.03%
184	PHILIP MORRIS INTL INC	718172109	2,320	$376,304	0.03%
185	ISHARES TR	464288885	3,287	$374,324	0.03%
186	INTERCONTINENTAL EXCHANGE IN	45866F104	2,202	$370,993	0.03%
187	ISHARES SILVER TR	SLV	8,406	$356,163	0.03%
188	VANGUARD WELLINGTON FD	921935870	3,476	$354,292	0.03%
189	AMERICAN EXPRESS CO	AXP	1,051	$349,101	0.03%
190	VANGUARD INTL EQUITY INDEX F	922042718	2,411	$343,690	0.03%
191	ISHARES TR	464287622	930	$339,875	0.03%
192	THERMO FISHER SCIENTIFIC INC	TMO	694	$336,604	0.03%
193	SHOPIFY INC	SHOP	2,225	$330,658	0.03%
194	VANGUARD SCOTTSDALE FDS	92206C409	4,125	$329,712	0.03%
195	BITMINE IMMERSION TECNOLOGIE	09175A206	6,200	$321,966	0.03%
196	WORKDAY INC	WDAY	1,330	$320,171	0.03%
197	ISHARES TR	464287762	5,450	$320,024	0.03%
198	BANK AMERICA CORP	060505104	5,999	$309,498	0.03%
199	VANGUARD WORLD FD	921910733	2,544	$301,312	0.03%
200	CATERPILLAR INC	CAT	629	$300,316	0.03%
201	SCHWAB STRATEGIC TR	808524698	12,969	$299,322	0.03%
202	ABBOTT LABS	ABLZF	2,221	$297,481	0.02%
203	PACER FDS TR	69374H881	5,125	$294,534	0.02%
204	ISHARES TR	464288521	5,000	$293,600	0.02%
205	TJX COS INC NEW	872540109	2,017	$291,538	0.02%
206	LOWES COS INC	548661107	1,139	$286,243	0.02%
207	ISHARES ETHEREUM TR	46438R105	9,000	$283,590	0.02%
208	FASTENAL CO	FAST	5,764	$282,667	0.02%
209	SELECT SECTOR SPDR TR	81369Y605	5,178	$278,939	0.02%
210	VANGUARD INDEX FDS	922908553	2,986	$272,981	0.02%
211	SELECT SECTOR SPDR TR	81369Y704	1,711	$263,888	0.02%
212	ISHARES TR	464287168	1,842	$261,749	0.02%
213	BLACKSTONE INC	BX	1,531	$261,572	0.02%
214	APPLIED MATLS INC	038222105	1,275	$261,044	0.02%
215	VANGUARD WORLD FD	921910816	640	$257,549	0.02%
216	IDEXX LABS INC	45168D104	401	$256,195	0.02%
217	WARNER BROS DISCOVERY INC	WBD	13,000	$253,890	0.02%
218	ROCKET LAB CORP	RKLB	5,200	$249,132	0.02%
219	MCDONALDS CORP	MCD	796	$241,897	0.02%
220	AUTOZONE INC	AZO	56	$240,254	0.02%
221	PULTE GROUP INC	745867101	1,792	$236,777	0.02%
222	VANGUARD WORLD FD	92204A504	895	$232,342	0.02%
223	ISHARES TR	464287234	4,300	$229,620	0.02%
224	ISHARES TR	46435U549	4,770	$229,104	0.02%
225	VANGUARD ADMIRAL FDS INC	921932885	2,058	$227,163	0.02%
226	COCA COLA CO	KO	3,403	$225,687	0.02%
227	FRANCO NEV CORP	FNV	1,000	$222,910	0.02%
228	NOVARTIS AG	NVSEF	1,726	$221,343	0.02%
229	WISDOMTREE TR	WT	6,278	$211,444	0.02%
230	TRACTOR SUPPLY CO	TSCO	3,700	$210,419	0.02%
231	GE AEROSPACE	369604301	698	$209,984	0.02%
232	PARKER-HANNIFIN CORP	PH	267	$202,427	0.02%
233	ROYAL GOLD INC	RGLD	1,000	$200,580	0.02%