Cobblestone Asset Management LLC
Long book
$222.4M
Q1 2026
Positions
73
Top-10 weight
55%
concentration
Last quarter
+11.2%
SPY +14.8%
Turnover
28%
of book per quarter
Strategy in plain words
auto-generated from filingsCobblestone Asset Management LLC is a wealth-management firm allocating client money, running a $222.4M US long book across 73 positions.
The portfolio is concentrated: the top 10 names carry 55% of the portfolio. The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: JPMORGAN ULTRA-SHORT INCOME, ISHARES CORE S&P 500 ETF, SS SPDR P S&P 500 VALUE ETF, SS SPDR P S&P 500 GROWTH ETF, ISHRS US E F R A ETF-USD INC.
Over the last 9 quarters its long book ran on average 0.8pp per quarter behind the S&P 500, beating the index in 2 of 9 quarters. Its holdings are mechanical (indexing / client flows), so position changes carry no stock-picking signal.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+2.3%
Q2 2024
+5.6%
Q3 2024
+0.7%
Q4 2024
-1.2%
Q1 2025
+9.1%
Q2 2025
+6.7%
Q3 2025
+1.2%
Q4 2025
-2.3%
Q1 2026
+11.2%
Sector allocation
Technology 46%
Industrials 15%
Consumer staples 13%
Financials 9%
Other 7%
Healthcare 5%
Consumer discretionary 3%
Utilities 2%
Long book by quarter
What does Cobblestone Asset own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| PANW PALO ALTO NETWORKS INC | Technology | 14.1K | $2.3M | 1.0% | New |
| AAPL APPLE INC | Technology | 8.7K | $2.2M | 1.0% | +3.1% |
| CRWD CROWDSTRIKE HOLDINGS INC - A | Technology | 5.1K | $2.0M | 0.9% | New |
| PM PHILIP MORRIS INTERNATIONAL | Consumer staples | 11.2K | $1.9M | 0.8% | Held |
| CSX CSX CORP | Industrials | 34.8K | $1.4M | 0.6% | +0.4% |
| COIN COINBASE GLOBAL INC -CLASS A | Financials | 7.5K | $1.3M | 0.6% | -14.6% |
| NEU NEWMARKET CORP | Other | 2.0K | $1.3M | 0.6% | Held |
| BMY BRISTOL-MYERS SQUIBB CO | Healthcare | 14.9K | $906K | 0.4% | -30.4% |
| MO ALTRIA GROUP INC | Consumer staples | 11.3K | $746K | 0.3% | +2.0% |
| MSFT MICROSOFT CORP | Technology | 2.0K | $740K | 0.3% | +15.0% |
| INTC INTEL CORP | Technology | 14.3K | $632K | 0.3% | -4.1% |
| JOBY JOBY AVIATION INC | Industrials | 74.9K | $619K | 0.3% | +15.6% |
| TSLA TESLA INC | Industrials | 1.1K | $404K | 0.2% | Held |
| AMZN AMAZON.COM INC | Consumer discretionary | 1.5K | $303K | 0.1% | +16.9% |
| D DOMINION ENERGY INC | Utilities | 4.8K | $294K | 0.1% | -5.2% |
| PLTR PALANTIR TECHNOLOGIES INC-A | Technology | 1.9K | $282K | 0.1% | -9.8% |
| PLUG PLUG POWER INC | Industrials | 121.3K | $274K | 0.1% | +1.5% |
| TFC TRUIST FINANCIAL CORP | Financials | 5.5K | $255K | 0.1% | New |
| NVDA NVIDIA CORP | Technology | 1.5K | $254K | 0.1% | -21.1% |
| IBM INTL BUSINESS MACHINES CORP | Technology | 1.0K | $242K | 0.1% | Held |
| GOOG ALPHABET INC-CL C | Technology | 837 | $240K | 0.1% | New |
| MCK MCKESSON CORP | Consumer discretionary | 276 | $239K | 0.1% | Held |
| JPM JPMORGAN CHASE & CO | Financials | 804 | $237K | 0.1% | Held |
| BE BLOOM ENERGY CORP- A | Industrials | 1.6K | $210K | 0.1% | New |
| ACB AURORA CANNABIS INC | Materials | 27.6K | $90K | 0.0% | +8.6% |
| QS QUANTUMSCAPE CORP | Technology | 10.6K | $68K | 0.0% | New |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 28, 2026 | 73 | $222.4M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 15, 2026 | 70 | $222.8M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 20, 2025 | 74 | $218.7M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 14, 2025 | 69 | $190.1M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 22, 2025 | 61 | $171.2M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 22, 2025 | 52 | $153.3M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 18, 2024 | 45 | $166.3M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 17, 2024 | 44 | $154.4M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Apr 18, 2024 | 44 | $147.4M | canonical | SEC ↗ |