# Cobblestone Asset Management LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1994512. Source: https://holderbook.com/funds/1994512-cobblestone-asset-management-llc/

- Reported value: $239.8M
- Positions: 74
- Weight of the ten largest: 62.2%
- Filed: 2026-07-21

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 |
|---|---|---|---|---|---|
| J P MORGAN EXCHANGE TRADED F | [JPST](https://holderbook.com/stocks/JPST/) | $36.3M | 716,865 | 15.1% | 12 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $32.9M | 43,966 | 13.7% | 12 |
| J P MORGAN EXCHANGE TRADED F | [JBND](https://holderbook.com/stocks/JBND/) | $12.3M | 230,251 | 5.1% | 7 |
| SPDR SERIES TRUST | [SPYG](https://holderbook.com/stocks/SPYG/) | $11.8M | 99,439 | 4.9% | 12 |
| BLACKROCK ETF TRUST | [DYNF](https://holderbook.com/stocks/DYNF/) | $11.4M | 167,493 | 4.8% | 10 |
| SPDR INDEX SHS FDS | [SPEM](https://holderbook.com/stocks/SPEM/) | $11.2M | 215,928 | 4.7% | 10 |
| SPDR SERIES TRUST | [SPYM](https://holderbook.com/stocks/SPYM/) | $10.2M | 116,376 | 4.3% | 12 |
| SPDR SERIES TRUST | [SPYV](https://holderbook.com/stocks/SPYV/) | $10.2M | 167,149 | 4.2% | 10 |
| ISHARES TR | [GOVT](https://holderbook.com/stocks/GOVT/) | $6.6M | 288,832 | 2.7% | 12 |
| ISHARES TR | [MBB](https://holderbook.com/stocks/MBB/) | $6.4M | 67,315 | 2.7% | 12 |
| BLACKROCK ETF TRUST | [BAI](https://holderbook.com/stocks/BAI/) | $6.1M | 116,084 | 2.6% | 5 |
| SCHWAB STRATEGIC TR | [SCHF](https://holderbook.com/stocks/SCHF/) | $6.0M | 218,373 | 2.5% | 1 |
| INVESCO EXCH TRADED FD TR II | [SPMO](https://holderbook.com/stocks/SPMO/) | $5.0M | 31,197 | 2.1% | 6 |
| ISHARES TR | [TLH](https://holderbook.com/stocks/TLH/) | $5.0M | 49,589 | 2.1% | 6 |
| BLACKROCK ETF TRUST | [BLCR](https://holderbook.com/stocks/BLCR/) | $4.7M | 93,163 | 2.0% | 2 |
| BLACKROCK ETF TRUST | [IALT](https://holderbook.com/stocks/IALT/) | $4.6M | 164,290 | 1.9% | 1 |
| BLACKROCK ETF TRUST | [IDEF](https://holderbook.com/stocks/IDEF/) | $3.9M | 123,418 | 1.6% | 2 |
| BLACKROCK ETF TRUST II | [GGOV](https://holderbook.com/stocks/GGOV/) | $3.7M | 73,744 | 1.5% | 1 |
| BLACKROCK ETF TRUST | [THRO](https://holderbook.com/stocks/THRO/) | $3.3M | 76,018 | 1.4% | 5 |
| ISHARES TR | [IVLU](https://holderbook.com/stocks/IVLU/) | $3.2M | 76,445 | 1.3% | 4 |
| ISHARES BITCOIN TRUST ETF | [IBIT](https://holderbook.com/stocks/IBIT/) | $2.7M | 80,762 | 1.1% | 9 |
| ISHARES INC | [ECH](https://holderbook.com/stocks/ECH/) | $2.0M | 51,049 | 0.8% | 5 |
| PHILIP MORRIS INTL INC | [PM](https://holderbook.com/stocks/PM/) | $2.0M | 11,191 | 0.8% | 12 |
| CSX CORP | [CSX](https://holderbook.com/stocks/CSX/) | $1.7M | 34,941 | 0.7% | 12 |
| SPROTT ASSET MANAGEMENT LP | [PSLV](https://holderbook.com/stocks/PSLV/) | $1.6M | 87,426 | 0.7% | 12 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $1.6M | 11,401 | 0.7% | 6 |
| NEWMARKET CORP | [NEU](https://holderbook.com/stocks/NEU/) | $1.6M | 2,000 | 0.7% | 12 |
| ISHARES ETHEREUM TR | [ETHA](https://holderbook.com/stocks/ETHA/) | $1.6M | 130,830 | 0.6% | 8 |
| ISHARES GOLD TR | [IAU](https://holderbook.com/stocks/IAU/) | $1.5M | 19,520 | 0.6% | 7 |
| ISHARES INC | [EWZ](https://holderbook.com/stocks/EWZ/) | $1.4M | 39,172 | 0.6% | 5 |
| COINBASE GLOBAL INC | [COIN](https://holderbook.com/stocks/COIN/) | $1.3M | 9,111 | 0.6% | 5 |
| ISHARES TR | [EPOL](https://holderbook.com/stocks/EPOL/) | $1.3M | 34,065 | 0.5% | 5 |
| ISHARES INC | [EWY](https://holderbook.com/stocks/EWY/) | $1.3M | 6,483 | 0.5% | 2 |
| ISHARES INC | [EWW](https://holderbook.com/stocks/EWW/) | $1.3M | 17,315 | 0.5% | 5 |
| ISHARES INC | [EZA](https://holderbook.com/stocks/EZA/) | $1.3M | 20,245 | 0.5% | 5 |
| J P MORGAN EXCHANGE TRADED F | [JGRO](https://holderbook.com/stocks/JGRO/) | $1.1M | 11,486 | 0.5% | 10 |
| GRAYSCALE SOLANA STAKING ETF | [GSOL](https://holderbook.com/stocks/GSOL/) | $1.1M | 194,604 | 0.4% | 2 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $1.1M | 3,644 | 0.4% | 12 |
| INVESCO EXCH TRADED FD TR II | [BKLN](https://holderbook.com/stocks/BKLN/) | $1.1M | 51,738 | 0.4% | 11 |
| J P MORGAN EXCHANGE TRADED F | [JPIE](https://holderbook.com/stocks/JPIE/) | $986.7K | 21,427 | 0.4% | 6 |
| J P MORGAN EXCHANGE TRADED F | [BBAG](https://holderbook.com/stocks/BBAG/) | $959.4K | 20,879 | 0.4% | 11 |
| BLACKROCK ETF TRUST II | [BINC](https://holderbook.com/stocks/BINC/) | $843.4K | 16,113 | 0.4% | 10 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $815.1K | 1,629 | 0.3% | 1 |
| ALTRIA GROUP INC | [MO](https://holderbook.com/stocks/MO/) | $813.9K | 11,312 | 0.3% | 12 |
| J P MORGAN EXCHANGE TRADED F | [JVAL](https://holderbook.com/stocks/JVAL/) | $756.7K | 12,904 | 0.3% | 10 |
| BRISTOL-MYERS SQUIBB CO | [BMY](https://holderbook.com/stocks/BMY/) | $735.9K | 12,772 | 0.3% | 12 |
| JOBY AVIATION INC | [JOBY](https://holderbook.com/stocks/JOBY/) | $704.7K | 79,000 | 0.3% | 6 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $680.4K | 1,824 | 0.3% | 11 |
| ISHARES TR | [SYSB](https://holderbook.com/stocks/SYSB/) | $664.7K | 7,492 | 0.3% | 3 |
| SPROTT ASSET MANAGEMENT LP | [PHYS](https://holderbook.com/stocks/PHYS/) | $659.1K | 21,845 | 0.3% | 12 |
| ISHARES INC | [EWG](https://holderbook.com/stocks/EWG/) | $638.1K | 15,425 | 0.3% | 1 |
| ISHARES INC | [EWP](https://holderbook.com/stocks/EWP/) | $504.5K | 8,494 | 0.2% | 1 |
| NIO INC | [NIO](https://holderbook.com/stocks/NIO/) | $497.1K | 98,248 | 0.2% | 6 |
| J P MORGAN EXCHANGE TRADED F | [BBIN](https://holderbook.com/stocks/BBIN/) | $472.4K | 6,050 | 0.2% | 10 |
| BLOOM ENERGY CORP | [BE](https://holderbook.com/stocks/BE/) | $423.8K | 1,400 | 0.2% | 2 |
| GLOBAL NET LEASE INC | [GNL](https://holderbook.com/stocks/GNL/) | $401.8K | 44,945 | 0.2% | 12 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $400.0K | 951 | 0.2% | 6 |
| J P MORGAN EXCHANGE TRADED F | [JEPI](https://holderbook.com/stocks/JEPI/) | $356.1K | 6,306 | 0.1% | 1 |
| PLUG PWR INC | [PLUG](https://holderbook.com/stocks/PLUG/) | $341.6K | 126,040 | 0.1% | 6 |
| MARKEL GROUP INC | [MKL](https://holderbook.com/stocks/MKL/) | $335.9K | 172 | 0.1% | 1 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $333.0K | 1,397 | 0.1% | 7 |
| DOMINION ENERGY INC | [D](https://holderbook.com/stocks/D/) | $307.2K | 4,499 | 0.1% | 12 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $306.9K | 1,534 | 0.1% | 6 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $295.7K | 837 | 0.1% | 2 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $287.0K | 601 | 0.1% | 2 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $281.2K | 1,000 | 0.1% | 8 |
| TRUIST FINL CORP | [TFC](https://holderbook.com/stocks/TFC/) | $276.0K | 5,539 | 0.1% | 2 |
| J P MORGAN EXCHANGE TRADED F | [JEPQ](https://holderbook.com/stocks/JEPQ/) | $274.2K | 4,461 | 0.1% | 1 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $263.3K | 804 | 0.1% | 5 |
| BLOCK INC | [XYZ](https://holderbook.com/stocks/XYZ/) | $225.7K | 2,970 | 0.1% | 1 |
| SPDR GOLD TR | [GLD](https://holderbook.com/stocks/GLD/) | $215.9K | 586 | 0.1% | 4 |
| CALAMOS ETF TR | [CAIE](https://holderbook.com/stocks/CAIE/) | $207.5K | 7,626 | 0.1% | 2 |
| QUANTUMSCAPE CORP | [QS](https://holderbook.com/stocks/QS/) | $132.9K | 17,586 | 0.1% | 2 |
| AURORA CANNABIS INC | [ACB](https://holderbook.com/stocks/ACB/) | $78.0K | 27,950 | 0.0% | 6 |

## 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 |
|---|---|---|---|---|
| Q2 2026 | +11.2% | +14.8% | -3.6% | 100% |
| Q1 2026 | -2.6% | -4.6% | +2.0% | 100% |
| Q4 2025 | +0.2% | +2.4% | -2.1% | 100% |
| Q3 2025 | +6.4% | +7.8% | -1.5% | 100% |
| Q2 2025 | +8.2% | +10.5% | -2.2% | 100% |
| Q1 2025 | -1.7% | -4.6% | +2.9% | 100% |
| Q4 2024 | -0.4% | +2.1% | -2.5% | 100% |
| Q3 2024 | +4.9% | +5.4% | -0.5% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $239.8M | 74 |
| Q1 2026 | $222.4M | 73 |
| Q4 2025 | $222.8M | 70 |
| Q3 2025 | $218.7M | 74 |
| Q2 2025 | $190.1M | 69 |
| Q1 2025 | $171.2M | 61 |
| Q4 2024 | $153.3M | 52 |
| Q3 2024 | $166.3M | 45 |
| Q2 2024 | $154.4M | 44 |
| Q1 2024 | $147.4M | 44 |
| Q4 2023 | $135.6M | 40 |
| Q3 2023 | $121.6M | 42 |