Cascades Capital Asset Management, LLC

RIA/Wealth

Cascades Capital Asset Management, LLC is a RIA/Wealth based in Denver, CO led by Matthew David Hickey, managing $222.0M across 146 long positions as of Q3 2025 with 44% ETF concentration and 53% concentrated in top 10 holdings.

Managing PartnerMatthew David Hickey

Portfolio Value: $222.0M
Positions: 146
Top Holding: VOO at 10.24%
Last Reported: Q3 2025

Address1800 Glenarm Place, Suite 703, Denver, CO, 80202, United States

Top Holdings

Largest long holdings in Cascades Capital Asset Management, LLC's portfolio (52.6% of total portfolio)

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Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 Vanguard S&P 500 ETF VOO	ETF ETF	$22.7M	10.24%	+$871.4K Bought	— 37.1K shares	Q3 2024 Held for 1y 2m
2 Vanguard Dividend Appreciation VIG	Unknown Unknown	$21.6M	9.73%	+$2.6M Bought	— 100.0K shares	Q3 2024 Held for 1y 2m
3 Microsoft MSFT	Software - Infrastructure Technology	$13.8M	6.24%	+$415.9K Bought	0.00% 26.7K shares	Q3 2024 Held for 1y 2m
4 VOOV Vanguard S&P 500 Value VOOV	ETF ETF	$13.2M	5.96%	+$141.8K Bought	— 66.4K shares	Q3 2024 Held for 1y 2m
5 Apple AAPL	Consumer Electronics Technology	$11.2M	5.06%	+$21.1K Bought	0.00% 44.1K shares	Q3 2024 Held for 1y 2m
6 Nvidia NVDA	Semiconductors Technology	$10.4M	4.69%	+$494.2K Bought	0.00% 55.8K shares	Q3 2024 Held for 1y 2m
7 Vanguard Growth VUG	ETF ETF	$6.8M	3.06%	-$14.4K Sold	— 14.2K shares	Q3 2024 Held for 1y 2m
8 WisdomTree Floating Rate Treasury Fund USFR	ETF ETF	$6.7M	3.00%	-$293.9K Sold	— 132.5K shares	Q3 2024 Held for 1y 2m
9 Vanguard Mid-Cap Fund VO	ETF ETF	$5.3M	2.38%	+$909.4K Bought	— 18.0K shares	Q3 2024 Held for 1y 2m
10 Alphabet Inc. GOOGL	Internet Content & Information Communication Services	$5.1M	2.28%	+$784.3K Bought	0.00% 20.8K shares	Q3 2024 Held for 1y 2m

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Changes

Portfolio activity, position movements, and quarter-over-quarter changes in Cascades Capital Asset Management, LLC's latest filing

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Market Value

$222.0M

Prior: $190.6M

Q/Q Change

+16.45%

+$31.4M

Net Flows % of MV

+6.58%

Turnover Ratio

6.43%

New Purchases

14 stocks

$4.0M

Added To

66 stocks

+$15.9M

Sold Out Of

11 stocks

$3.0M

Reduced Holdings

42 stocks

-$2.4M

Increased Positions

Position	Shares Δ	Change
1 iShares 7-10 Year Treasury Bond IEF	New	0 → 10.1K +$977.4K
2 Astoria Inflation Sensitive ETF PPI	New	0 → 41.4K +$758.7K
3 iShares Bitcoin Trust IBIT	New	0 → 5.9K +$380.6K
4 Marvell Technology, Inc. MRVL	New	0 → 4.5K +$380.6K
5 BlackRock Flexible Income BINC	New	0 → 4.3K +$230.8K

Decreased Positions

Position	Shares Δ	Change
1 Raytheon Technologies RTX	Sold	6.4K → 0 −$929.3K
2 Energy Select Sector SPDR Fund XLE	Sold	6.1K → 0 −$516.1K
3 Alphabet Inc. GOOG	Sold	1.4K → 0 −$251.3K
4 Invesco S&P International Developed Quality IDHQ	Sold	7.2K → 0 −$237.8K
5 Fiserv FI	Sold	1.3K → 0 −$215.5K

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Analytics

Portfolio insights and performance metrics for Cascades Capital Asset Management, LLC

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Sector Allocation

ETF

44.30%

Technology

19.90%

Financial Services

5.70%

Communication Services

4.40%

Healthcare

4.10%

Consumer Cyclical

3.90%

Industrials

3.00%

Consumer Defensive

1.30%

Utilities

1.00%

Energy

0.90%

Basic Materials

0.70%

Real Estate

0.10%

Market Cap Distribution

Mega Cap (> $200B)

33.25%

Large Cap ($10B - $200B)

10.29%

Mid Cap ($2B - $10B)

1.10%

Micro Cap ($50M - $300M)

0.07%

N/A (ETF or Unknown)

55.29%

Portfolio Concentration

Top 10 Holdings %

52.63%

Top 20 Holdings %

67.24%

Top 50 Holdings %

85.78%

Top 100 Holdings %

96.37%