Returns–Not enough quarters yet
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| VEAVanguard Ftse Developed Markets Etf | $16.7M | 13.4% | |
| FNDXSchwab Fundamental U.s. Large Company Etf | $11.6M | 9.3% | |
| VIGVanguard Dividend Appreciation Etf | $10.5M | 8.4% | |
| DGSWisdomtree Emerging Markets Smallcap Dividend Etf | $7.7M | 6.2% | −1.0% |
| VIGIVanguard International Dividend Appreciation Etf | $4.8M | 3.9% | |
| VOOVanguard S&p 500 Etf | $4.6M | 3.7% | +3.2% |
| IJRIshares Core S&p Small Cap Etf | $4.4M | 3.6% | |
| AVDVAvantis International Small Cap Value Etf | $4.3M | 3.4% | |
| REETIshares Global Reit Etf | $3.5M | 2.8% | +4.8% |
| BNDVanguard Total Bond Market Etf | $3.5M | 2.8% | |
| VUSBVanguard Ultra-short Bond Etf | $3.3M | 2.6% | +12.7% |
| GNRState Street Spdr S&p Global Natural Resources Etf | $3.3M | 2.6% | −1.2% |
| CGCPCapital Group Core Plus Income Etf | $2.6M | 2.1% | +8.1% |
| PICBPowershares International Corp Bond Etf | $2.3M | 1.9% | +9.0% |
| FNDFSchwab Fundamental International Equity Etf | $2.2M | 1.8% | |
| INTCIntel Corp Com | $2.1M | 1.7% | |
| BACBank Of Amer Corp Com | $2.0M | 1.6% | |
| Johnson Ctls Intl PLC ShsCUSIP G51502105 | $1.7M | 1.4% | |
| VOEVanguard Mid-cap Value Etf | $1.6M | 1.3% | +1.3% |
| VTIPVanguard Short Term Infl-protected | $1.4M | 1.1% | −34.9% |
| FDMFirst Trust Dow Jones Select Microcap Index Fund | $1.4M | 1.1% | −5.8% |
| LOWLowes Cos Inc Com | $1.3M | 1.1% | |
| BRK/BBerkshire Hathaway Inc Del Cl B New | $1.3M | 1.1% | |
| VMIValmont Inds Inc Com | $1.3M | 1.1% | |
| MKLMarkel Corp Holding Co | $1.3M | 1.0% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| VMIValmont Inds Inc Com | March 31, 2026 | +44.6% | $1.3M |
| BUDAnheuser Busch Inbev Sa Nv Sponsored Adr | December 31, 2025 | +28.7% | $977K |
| UHAL/BU Haul Holding Company Com Ser N | December 31, 2025 | +23.4% | $609K |
| IJRIshares Core S&p Small Cap Etf | December 31, 2025 | +23.4% | $4.4M |
| Johnson Ctls Intl PLC ShsCUSIP G51502105 | December 31, 2025 | +22.0% | $1.7M |
| FNDASchwab Fundamental U.s. Small Company Etf | December 31, 2025 | +20.8% | $656K |
| FDMFirst Trust Dow Jones Select Microcap Index Fund | December 31, 2025 | +16.9% | $1.4M |
| FNDFSchwab Fundamental International Equity Etf | December 31, 2025 | +16.7% | $2.2M |
| VOOVanguard S&p 500 Etf | March 31, 2026 | +14.9% | $4.6M |
| FNDXSchwab Fundamental U.s. Large Company Etf | December 31, 2025 | +14.3% | $11.6M |
Sold off last quarter
- VBILVanguard 0-3 Month Treasury Bill Etf was $259K
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +7.5% | +14.8% |
| March 31, 2026 | +2.4% | −4.6% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Bristlecone Value Partners, LLC Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1313998&type=13F-HR&dateb=&owner=include&count=40CIK 1313998
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1313998/000131399826000009/Filed August 14, 2026 · accession 0001313998-26-000009