Institutional Manager · CIK 0001994512

Cobblestone Asset Management LLC

RICHMOND, VA · File #028-23399

Latest AUM

$222.8M

Positions

Top-10 Concentration

60.2%

Filings

Portfolio Value Over Time

2024-03

2024-06

2024-09

2024-12

2025-03

2025-06

2025-09

2025-12

Biggest QoQ Changes

Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.

Action	Issuer	Ticker / CUSIP	Δ Shares	Flow ($)	Price Effect
REDUCE	J P MORGAN EXCHANGE TRADED F	46641Q761	-72,173	-$4.6M	+$41,306
ADD	SPDR SERIES TRUST	78464A508	+74,268	+$4.2M	+$249,848
ADD	SPDR INDEX SHS FDS	78463X509	+47,565	+$2.2M	-$23
ADD	INVESCO EXCH TRADED FD TR II	IVZ	+16,656	+$2.0M	-$45,179
REDUCE	ISHARES TR	46435G409	-40,369	-$1.5M	+$666,238
EXITED	VANGUARD MALVERN FDS	922020805	-15,541	-$786,841	$0
REDUCE	ISHARES INC	464286400	-22,746	-$722,641	+$48,704
NEW	ISHARES INC	464286707	+15,026	+$676,020	$0
EXITED	ISHARES INC	464286814	-11,568	-$671,060	$0
NEW	ISHARES INC	46434G822	+8,136	+$656,901	$0

Sector Allocation

17.0%$37.9M

2.0%$4.4M

0.7%$1.6M

0.7%$1.5M

Consumer Discretionary

0.3%$776,448

Consumer Staples

0.3%$639,489

Healthcare

0.1%$333,799

Utilities

0.1%$294,178

Filing History

Jan 15, 202613F HOLDINGS REPORTQ/E Dec 202570 pos · $222.8M
Oct 20, 202513F HOLDINGS REPORTQ/E Sep 202574 pos · $218.7M
Jul 14, 202513F HOLDINGS REPORTQ/E Jun 202569 pos · $190.1M
Apr 22, 202513F HOLDINGS REPORTQ/E Mar 202561 pos · $171.2M
Jan 22, 202513F HOLDINGS REPORTQ/E Dec 202452 pos · $153.3M
Oct 18, 202413F HOLDINGS REPORTQ/E Sep 202445 pos · $166.3M
Jul 17, 202413F HOLDINGS REPORTQ/E Jun 202444 pos · $154.4M
Apr 18, 202413F HOLDINGS REPORTQ/E Mar 202444 pos · $147.4M
Oct 19, 202313F HOLDINGS REPORTQ/E Dec 202342 pos · $121.6M

Top 20 Holdings — Dec 2025

#	Issuer	Ticker	Shares	Value	% of Portfolio
1	J P MORGAN EXCHANGE TRADED F	46641Q837	615,378	$31.1M	14.40%
2	ISHARES TR	464287200	21,359	$14.6M	6.77%
3	SPDR SERIES TRUST	78464A508	243,084	$13.8M	6.39%
4	BLACKROCK ETF TRUST	BLK	211,765	$12.9M	5.96%
5	SPDR SERIES TRUST	78464A409	101,718	$10.9M	5.02%
6	SPDR INDEX SHS FDS	78463X509	231,738	$10.8M	5.02%
7	SPDR SERIES TRUST	78464A854	116,867	$9.4M	4.34%
8	ISHARES TR	464287101	26,806	$9.2M	4.25%
9	J P MORGAN EXCHANGE TRADED F	46654Q716	169,557	$9.2M	4.24%
10	ISHARES TR	46435G409	218,868	$8.3M	3.85%
11	ISHARES TR	464288653	64,235	$6.5M	3.02%
12	ISHARES TR	464288588	61,084	$5.8M	2.69%
13	BLACKROCK ETF TRUST	BLK	155,372	$5.2M	2.39%
14	J P MORGAN EXCHANGE TRADED F	46641Q761	80,813	$5.1M	2.36%
15	INVESCO EXCH TRADED FD TR II	IVZ	42,621	$5.1M	2.35%
16	ISHARES BITCOIN TRUST ETF	IBIT	99,332	$4.9M	2.28%
17	BLACKROCK ETF TRUST	BLK	123,212	$4.8M	2.20%
18	BLACKROCK ETF TRUST II	BLK	81,703	$4.3M	1.99%
19	ISHARES TR	46435G672	81,447	$4.1M	1.88%
20	ISHARES GOLD TR	IAU	47,356	$3.8M	1.78%