# COBBLESTONE CAPITAL ADVISORS LLC /NY/

> Institutional holdings reported to the SEC as of Q3 2025 on Form 13F. CIK 1033505. Source: https://holderbook.com/funds/1033505-cobblestone-capital-advisors-llc-ny/

- Reported value: $2.1B
- Positions: 304
- Weight of the ten largest: 45.9%
- Filed: 2025-11-12

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| ISHARES TR | [IXUS](https://holderbook.com/stocks/IXUS/) | $184.1M | 2,229,835 | 8.8% | 28 |
| ISHARES TR | [ITOT](https://holderbook.com/stocks/ITOT/) | $178.7M | 1,227,179 | 8.6% | 28 |
| ISHARES TR | [GOVT](https://holderbook.com/stocks/GOVT/) | $114.2M | 4,937,659 | 5.5% | 28 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $86.8M | 340,764 | 4.2% | 28 |
| DIMENSIONAL ETF TRUST | [DFAX](https://holderbook.com/stocks/DFAX/) | $86.7M | 2,762,854 | 4.2% | 16 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $65.2M | 125,801 | 3.1% | 28 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $63.9M | 291,136 | 3.1% | 28 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $60.6M | 248,763 | 2.9% | 28 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $58.5M | 313,274 | 2.8% | 22 |
| J P MORGAN EXCHANGE TRADED F | [JVAL](https://holderbook.com/stocks/JVAL/) | $57.3M | 1,206,529 | 2.8% | 19 |
| VANGUARD INDEX FDS | [VXF](https://holderbook.com/stocks/VXF/) | $48.9M | 233,545 | 2.3% | 28 |
| ISHARES INC | [IEMG](https://holderbook.com/stocks/IEMG/) | $47.8M | 724,616 | 2.3% | 28 |
| DOUBLELINE ETF TRUST | [DMBS](https://holderbook.com/stocks/DMBS/) | $47.4M | 954,379 | 2.3% | 5 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $47.1M | 93,729 | 2.3% | 28 |
| ISHARES TR | [IEF](https://holderbook.com/stocks/IEF/) | $44.8M | 464,647 | 2.2% | 3 |
| MARKEL GROUP INC | [MKL](https://holderbook.com/stocks/MKL/) | $38.2M | 19,997 | 1.8% | 28 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $35.9M | 105,182 | 1.7% | 28 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $30.6M | 93,337 | 1.5% | 28 |
| MOODYS CORP | [MCO](https://holderbook.com/stocks/MCO/) | $28.1M | 58,905 | 1.3% | 28 |
| ISHARES TR | [MTUM](https://holderbook.com/stocks/MTUM/) | $24.0M | 93,509 | 1.2% | 28 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $23.1M | 34,642 | 1.1% | 28 |
| BROOKFIELD CORP | [BN](https://holderbook.com/stocks/BN/) | $22.8M | 332,728 | 1.1% | 12 |
| AMERICAN EXPRESS CO | [AXP](https://holderbook.com/stocks/AXP/) | $22.5M | 67,740 | 1.1% | 28 |
| SCHWAB STRATEGIC TR | [SCHB](https://holderbook.com/stocks/SCHB/) | $21.0M | 817,820 | 1.0% | 28 |
| REPUBLIC SVCS INC | [RSG](https://holderbook.com/stocks/RSG/) | $20.2M | 87,956 | 1.0% | 14 |
| COPART INC | [CPRT](https://holderbook.com/stocks/CPRT/) | $18.3M | 406,844 | 0.9% | 12 |
| CANADIAN NATL RY CO | [CNI](https://holderbook.com/stocks/CNI/) | $18.1M | 192,355 | 0.9% | 28 |
| HENRY JACK & ASSOC INC | [JKHY](https://holderbook.com/stocks/JKHY/) | $18.0M | 121,097 | 0.9% | 23 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $17.6M | 72,359 | 0.8% | 28 |
| PROCORE TECHNOLOGIES INC | [PCOR](https://holderbook.com/stocks/PCOR/) | $17.1M | 235,111 | 0.8% | 3 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $16.2M | 115,641 | 0.8% | 28 |
| OREILLY AUTOMOTIVE INC | [ORLY](https://holderbook.com/stocks/ORLY/) | $16.2M | 150,322 | 0.8% | 28 |
| SPDR INDEX SHS FDS | [CWI](https://holderbook.com/stocks/CWI/) | $15.9M | 456,230 | 0.8% | 28 |
| IDEXX LABS INC | [IDXX](https://holderbook.com/stocks/IDXX/) | $15.8M | 24,765 | 0.8% | 28 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $15.1M | 16,294 | 0.7% | 28 |
| TJX COS INC NEW | [TJX](https://holderbook.com/stocks/TJX/) | $14.5M | 100,538 | 0.7% | 28 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $13.8M | 22,478 | 0.7% | 28 |
| BERKSHIRE HATHAWAY INC DEL | [BRKA](https://holderbook.com/stocks/BRKA/) | $13.6M | 18 | 0.7% | 3 |
| BROADSTONE NET LEASE INC | [BNL](https://holderbook.com/stocks/BNL/) | $13.3M | 744,528 | 0.6% | 19 |
| SCHWAB STRATEGIC TR | [SCHX](https://holderbook.com/stocks/SCHX/) | $13.1M | 498,111 | 0.6% | 28 |
| AMERICAN TOWER CORP | [AMT](https://holderbook.com/stocks/AMT/) | $11.7M | 60,589 | 0.6% | 28 |
| DIAGEO PLC | [DEO](https://holderbook.com/stocks/DEO/) | $11.5M | 120,288 | 0.6% | 28 |
| SCHWAB STRATEGIC TR | [FNDX](https://holderbook.com/stocks/FNDX/) | $10.8M | 410,994 | 0.5% | 28 |
| J P MORGAN EXCHANGE TRADED F | [JPST](https://holderbook.com/stocks/JPST/) | $10.7M | 210,276 | 0.5% | 28 |
| GRAHAM CORP | [GHM](https://holderbook.com/stocks/GHM/) | $10.3M | 187,289 | 0.5% | 28 |
| WELLS FARGO & CO | [WFC](https://holderbook.com/stocks/WFC/) | $10.1M | 120,159 | 0.5% | 28 |
| VANGUARD SCOTTSDALE FDS | [VGIT](https://holderbook.com/stocks/VGIT/) | $9.9M | 164,857 | 0.5% | 12 |
| CVS HEALTH CORP | [CVS](https://holderbook.com/stocks/CVS/) | $9.8M | 129,937 | 0.5% | 20 |
| ISHARES TR | [AGG](https://holderbook.com/stocks/AGG/) | $8.5M | 84,352 | 0.4% | 28 |
| ISHARES TR | [IWM](https://holderbook.com/stocks/IWM/) | $7.9M | 32,691 | 0.4% | 28 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $7.9M | 51,407 | 0.4% | 28 |
| PAYCHEX INC | [PAYX](https://holderbook.com/stocks/PAYX/) | $6.3M | 49,767 | 0.3% | 28 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $6.2M | 19,514 | 0.3% | 28 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $5.4M | 48,225 | 0.3% | 28 |
| SPDR SERIES TRUST | [SPTS](https://holderbook.com/stocks/SPTS/) | $5.2M | 178,407 | 0.3% | 11 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $5.1M | 33,028 | 0.2% | 28 |
| ISHARES GOLD TR | [IAU](https://holderbook.com/stocks/IAU/) | $5.1M | 69,642 | 0.2% | 18 |
| SHOPIFY INC | [SHOP](https://holderbook.com/stocks/SHOP/) | $5.1M | 34,047 | 0.2% | 28 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $5.1M | 27,271 | 0.2% | 28 |
| VANGUARD BD INDEX FDS | [BND](https://holderbook.com/stocks/BND/) | $5.0M | 67,765 | 0.2% | 28 |
| NATIONAL FUEL GAS CO | [NFG](https://holderbook.com/stocks/NFG/) | $4.3M | 46,143 | 0.2% | 26 |
| ISHARES TR | [SUSA](https://holderbook.com/stocks/SUSA/) | $4.2M | 30,912 | 0.2% | 28 |
| VANGUARD SCOTTSDALE FDS | [VMBS](https://holderbook.com/stocks/VMBS/) | $3.6M | 77,720 | 0.2% | 12 |
| SCHWAB STRATEGIC TR | [SCHR](https://holderbook.com/stocks/SCHR/) | $3.6M | 144,533 | 0.2% | 28 |
| CORNING INC | [GLW](https://holderbook.com/stocks/GLW/) | $3.2M | 39,507 | 0.2% | 6 |
| SCHWAB STRATEGIC TR | [SCHE](https://holderbook.com/stocks/SCHE/) | $3.2M | 95,921 | 0.2% | 28 |
| ENTERPRISE PRODS PARTNERS L | [EPD](https://holderbook.com/stocks/EPD/) | $3.0M | 96,916 | 0.1% | 26 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $3.0M | 10,609 | 0.1% | 28 |
| INVESCO EXCH TRADED FD TR II | [QVMS](https://holderbook.com/stocks/QVMS/) | $3.0M | 105,588 | 0.1% | 8 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $2.9M | 35,005 | 0.1% | 28 |
| SCHWAB STRATEGIC TR | [SCHA](https://holderbook.com/stocks/SCHA/) | $2.9M | 104,495 | 0.1% | 28 |
| ISHARES TR | [IJR](https://holderbook.com/stocks/IJR/) | $2.8M | 23,144 | 0.1% | 22 |
| BANK OF NY MELLON CORP | [BNY](https://holderbook.com/stocks/BNY/) | $2.7M | 25,180 | 0.1% | 28 |
| ISHARES TR | [IGSB](https://holderbook.com/stocks/IGSB/) | $2.7M | 50,485 | 0.1% | 28 |
| ISHARES TR | [MBB](https://holderbook.com/stocks/MBB/) | $2.6M | 27,616 | 0.1% | 28 |
| ISHARES TR | [IDEV](https://holderbook.com/stocks/IDEV/) | $2.6M | 32,205 | 0.1% | 6 |
| ISHARES TR | [ACWX](https://holderbook.com/stocks/ACWX/) | $2.6M | 39,568 | 0.1% | 28 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $2.6M | 3,813 | 0.1% | 28 |
| WISDOMTREE TR | [USFR](https://holderbook.com/stocks/USFR/) | $2.5M | 50,589 | 0.1% | 12 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $2.5M | 10,598 | 0.1% | 28 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $2.4M | 3,299 | 0.1% | 28 |
| ENERGY TRANSFER L P | [ET](https://holderbook.com/stocks/ET/) | $2.3M | 135,393 | 0.1% | 27 |
| VANGUARD INTL EQUITY INDEX F | [VEU](https://holderbook.com/stocks/VEU/) | $2.3M | 32,294 | 0.1% | 22 |
| PHILLIPS 66 | [PSX](https://holderbook.com/stocks/PSX/) | $2.3M | 16,926 | 0.1% | 16 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $2.2M | 3,940 | 0.1% | 28 |
| SCHWAB STRATEGIC TR | [SCHO](https://holderbook.com/stocks/SCHO/) | $2.2M | 91,230 | 0.1% | 27 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $2.1M | 41,518 | 0.1% | 28 |
| SPDR SERIES TRUST | [SPMB](https://holderbook.com/stocks/SPMB/) | $2.1M | 93,645 | 0.1% | 6 |
| WHEATON PRECIOUS METALS CORP | [WPM](https://holderbook.com/stocks/WPM/) | $2.0M | 18,174 | 0.1% | 28 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $2.0M | 26,847 | 0.1% | 28 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $2.0M | 6,516 | 0.1% | 28 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $2.0M | 29,473 | 0.1% | 28 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $1.9M | 4,062 | 0.1% | 28 |
| EMERSON ELEC CO | [EMR](https://holderbook.com/stocks/EMR/) | $1.9M | 14,364 | 0.1% | 28 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $1.9M | 4,627 | 0.1% | 28 |
| RTX CORPORATION | [RTX](https://holderbook.com/stocks/RTX/) | $1.8M | 10,934 | 0.1% | 22 |
| SPDR SERIES TRUST | [SPBO](https://holderbook.com/stocks/SPBO/) | $1.8M | 61,250 | 0.1% | 6 |
| ISHARES TR | [IWO](https://holderbook.com/stocks/IWO/) | $1.8M | 5,651 | 0.1% | 28 |
| GE AEROSPACE | [GE](https://holderbook.com/stocks/GE/) | $1.7M | 5,802 | 0.1% | 17 |
| VANGUARD INTL EQUITY INDEX F | [VWO](https://holderbook.com/stocks/VWO/) | $1.7M | 31,734 | 0.1% | 24 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q3 2025 | +6.2% | +7.8% | -1.6% | 100% |
| Q2 2025 | +7.1% | +10.5% | -3.4% | 100% |
| Q1 2025 | -1.6% | -4.6% | +3.0% | 100% |
| Q4 2024 | +0.6% | +2.1% | -1.6% | 100% |
| Q3 2024 | +5.4% | +5.4% | -0.1% | 100% |
| Q2 2024 | +1.9% | +4.0% | -2.1% | 100% |
| Q1 2024 | +6.9% | +10.0% | -3.2% | 100% |
| Q4 2023 | +10.7% | +11.2% | -0.4% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q3 2025 | $2.1B | 304 |
| Q2 2025 | $2.0B | 302 |
| Q1 2025 | $1.8B | 293 |
| Q4 2024 | $1.8B | 294 |
| Q3 2024 | $1.8B | 287 |
| Q2 2024 | $1.6B | 279 |
| Q1 2024 | $1.6B | 282 |
| Q4 2023 | $1.5B | 276 |
| Q3 2023 | $1.3B | 268 |
| Q2 2023 | $1.4B | 273 |
| Q1 2023 | $1.3B | 268 |
| Q4 2022 | $1.3B | 273 |