von Borstel & Associates, Inc. — 13F Portfolio

von Borstel & Associates, Inc. is a Portland, Oregon–based wealth management firm registered with the U.S. Securities and Exchange Commission as an investment adviser. The practice operates as a planning-led registered investment advisor (RIA), providing discretionary portfolio management and comprehensive financial-planning services to individuals, families, business owners, retirement plans, and selected smaller institutions. Client assets are typically managed through separately managed accounts, allowing portfolios to be aligned with each household’s objectives, tax profile, liquidity needs, and estate or legacy considerations. The firm appears in U.S. regulatory records as an institutional investment manager under CIK #0002041065 and files quarterly Form 13F reports with the SEC. These filings aggregate the reportable long U.S. equity and certain equity-linked holdings over which von Borstel & Associates, Inc. exercises investment discretion. The 13F dataset therefore captures only the U.S. listed-equity sleeve of client portfolios—primarily individual stocks and exchange-traded funds (ETFs)—and does not include fixed income, cash, non-U.S. securities, or smaller non-reportable positions that often play a meaningful role in overall asset allocation. When organized into a multi-period 13F History, however, the disclosures provide a consistent, regulator-defined view of how the firm has implemented its U.S. equity exposure over time.

von Borstel & Associates, Inc. is first and foremost a multi-asset, goals-based wealth manager. Asset allocation is determined account by account, typically combining equities with investment-grade bonds and cash to balance long-term capital growth, income objectives, and capital preservation. The U.S. equity component visible in Form 13F is the primary source of long-horizon growth within these allocations and is designed to integrate smoothly with fixed income and other holdings that are not visible in 13F filings. Within this framework, the firm’s U.S. equity implementation can be characterized as a fundamental, core-blend approach: - Portfolios generally hold diversified exposure to large- and mid-cap U.S. issuers across technology, healthcare, financials, industrials, and consumer sectors, with selective exposure to other industries where fundamentals and valuation are attractive. - Security selection emphasizes understandable business models, recurring earnings and cash-flow profiles, solid balance sheets, and management teams with a demonstrated record of prudent capital allocation. Highly speculative growth names, distressed issuers, and very illiquid micro-caps are typically avoided. - Valuation discipline and income characteristics are important inputs, especially for pre- and post-retirement clients. The firm often favors companies and ETFs that combine sustainable dividends or clearly visible cash-flow generation with reasonable earnings-growth prospects, to support long-term withdrawal and spending plans. ETFs and other pooled vehicles are commonly used where they provide efficient access to broad markets, sectors, or style factors—particularly in smaller accounts or where diversification and tax considerations favor pooled exposure over long single-stock lists. Over successive quarters, changes in the firm’s 13F Portfolio Composition—issuer counts, sector allocation, capitalization mix, and the balance between direct stocks and ETFs—offer a practical way to observe how its planning-led, quality- and valuation-aware philosophy is expressed in U.S. listed equities.

Viewed through its SEC filings under CIK #0002041065, von Borstel & Associates, Inc. presents as a planning-led, fundamentally oriented RIA implementing diversified, long-only U.S. equity sleeves within broader balanced client portfolios. The 13F record points to multi-sector holdings tilted toward established large- and mid-cap issuers, restrained use of speculative names, and low to moderate turnover—features consistent with mandates focused on capital preservation, income support, and steady long-term compounding for private clients and smaller institutions. For institutional analysts and oversight teams, organizing the firm’s disclosures into a structured 13F History and examining them via a Portfolio Simulator or similar Backtesting Service enables a disciplined, holdings-based review of implementation quality. Patterns in 13F Portfolio Composition, together with a reconstructed equity Volatility Profile, Historical Track Record, and implied Sharpe Ratio, can help clarify how the firm’s U.S. equity sleeve has behaved through equity and rate cycles, style rotations between growth and value, and periods of elevated market stress, and how that realized behavior compares with broad benchmarks. Because Form 13F captures only the long U.S. equity subset of von Borstel & Associates, Inc.’s activity, these holdings-based diagnostics are best interpreted as a secondary lens alongside full client-portfolio information—including fixed income and cash allocations, non-U.S. exposures, and client-specific constraints. As equity, interest-rate, and factor regimes continue to evolve, a central question for allocators is how sensitive the firm’s quality- and income-aware core equity implementation will be to future shifts in market leadership and volatility, and how that regime sensitivity should inform its role within a diversified, multi-manager portfolio.

Risk for von Borstel & Associates, Inc. clients is managed primarily at the total-portfolio level. Equities sit alongside bonds and cash in allocations calibrated to each client’s tolerance for volatility, required income, and time horizon. Those fixed-income and liquidity sleeves—central to moderating drawdowns and funding cash flows—are not captured in Form 13F. The 13F dataset therefore isolates only the long U.S. equity and equity-linked portion of the firm’s activity. Within that U.S. equity sleeve, risk characteristics are those of a diversified, long-only, benchmark-aware but actively managed core allocation: - Portfolios are materially exposed to broad U.S. equity-market movements. A holdings-based reconstruction will show significant drawdowns during major market selloffs and participation in subsequent recoveries, consistent with their role as the growth engine within multi-asset portfolios. - Style and factor tilts arise from a structural preference for higher-quality, reasonably valued issuers with sustainable cash flows, and from a balanced mix of growth and value characteristics, often with a modest income component. This typically implies exposure to quality and core-value factors and an underweight to highly leveraged or speculative segments, which can lag in momentum-driven rallies but offer relative resilience when fundamentals and valuation dominate returns. - Sector risk reflects active but measured allocations in technology, healthcare, financials, industrials, and consumer franchises, with the blend of more defensive and more cyclical holdings shaping sensitivity to economic and interest-rate cycles and to sector rotations. Portfolios inferred from 13F filings typically contain a moderate number of positions and/or broad-based ETFs diversified across sectors, limiting extreme single-name risk while maintaining sufficient concentration for stock selection and sector tilts to affect outcomes. Turnover is generally low to moderate, consistent with a multi-year investment horizon and a tax-aware, fundamentals-first process rather than high-frequency or event-driven trading. Using the firm’s historical 13F data, allocators can estimate an indicative equity Volatility Profile by mapping reported holdings to their price histories and replaying those portfolios through time. When this reconstructed equity sleeve is run in a Portfolio Simulator or Backtesting Service—normalized to a user-defined starting notional—it yields a proxy Historical Track Record for von Borstel & Associates, Inc.’s reportable long-equity component. From that capital trajectory, one can derive drawdown depth and duration, downside capture in major stress periods, and an implied Sharpe Ratio as a summary measure of risk-adjusted outcomes for the visible U.S. equity allocations.