# EDGAR Filing Document

**Accession Number:** 0002111343
**File Stem:** 0002111343-26-000001
**Filing Date:** 2026-2
**Character Count:** 12488
**Document Hash:** 4c82f0c4d63332177b969a8d10db7616
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002111343-26-000001.hdr.sgml**: 20260212

**ACCESSION NUMBER**: 0002111343-26-000001

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260212

**DATE AS OF CHANGE**: 20260212

**EFFECTIVENESS DATE**: 20260212

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** SBE LLC DBA CEDAR COVE WEALTH PARTNERS
- **CENTRAL INDEX KEY:** 0002111343

**ORGANIZATION NAME:**
- **EIN:** 800737853
- **STATE OF INCORPORATION:** MN
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-26260
- **FILM NUMBER:** 26625151

**BUSINESS ADDRESS:**
- **STREET 1:** 7900 XERXES AVE. S.
- **STREET 2:** SUITE 1750
- **CITY:** BLOOMINGTON
- **STATE:** MN
- **ZIP:** 55431
- **BUSINESS PHONE:** 952-358-3456

**MAIL ADDRESS:**
- **STREET 1:** 7900 XERXES AVE. S.
- **STREET 2:** SUITE 1750
- **CITY:** BLOOMINGTON
- **STATE:** MN
- **ZIP:** 55431

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2025

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** SBE LLC DBA CEDAR COVE WEALTH PARTNERS<br>**Address:** 7900 XERXES AVE. S.<br>SUITE 1750<br>BLOOMINGTON, MN 55431

**Form 13F File Number:** 028-26260

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** MICHELLE ELDRIDGE<br>**Title:** SR. COMPLIANCE OFFICER<br>**Phone:** 971-371-3446

**Signature, Place, and Date of Signing:**

MICHELLE ELDRIDGE  PORTLAND, OR  02-12-2026<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 88

**Form 13F Information Table Value Total:** $191332513

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| GOLDMAN SACHS ETF TR | JUST US LRG CP | 381430396 |  | 35284729 | 364906 | SH |  | SOLE |  | 0 | 0 | 364906 |
| ISHARES TR | ESG EAFE ETF | 46436E759 |  | 17722036 | 235791 | SH |  | SOLE |  | 0 | 0 | 235791 |
| TOUCHSTONE ETF TRUST | TOUCHSTONE SANDS | 89157W806 |  | 13973978 | 492718 | SH |  | SOLE |  | 0 | 0 | 492718 |
| SPROTT ASSET MANAGEMENT LP | PHYSICAL GOLD AN | 85208R101 |  | 6904886 | 150762 | SH |  | SOLE |  | 0 | 0 | 150762 |
| INVESCO EXCHANGE TRADED FD T | GBL LISTED PVT | 46137V118 |  | 6328877 | 94357 | SH |  | SOLE |  | 0 | 0 | 94357 |
| ISHARES INC | MSCI JAPAN ETF | 46434G822 |  | 5847339 | 72422 | SH |  | SOLE |  | 0 | 0 | 72422 |
| VANECK ETF TRUST | SEMICONDUCTR ETF | 92189F676 |  | 5518600 | 15324 | SH |  | SOLE |  | 220 | 0 | 15104 |
| INVESCO EXCH TRD SLF IDX FD | BULSHS 2026 CB | 46138J791 |  | 5421113 | 276941 | SH |  | SOLE |  | 3449 | 0 | 273492 |
| ALPS ETF TR | SMITH CORE PLUS | 00162Q346 |  | 5331339 | 204501 | SH |  | SOLE |  | 750 | 0 | 203751 |
| VANECK FDS | ONCHAIN ECONOMY | 92107P780 |  | 4983910 | 143339 | SH |  | SOLE |  | 0 | 0 | 143339 |
| DOUBLELINE ETF TRUST | COMMERCIAL REAL | 25861R303 |  | 4505659 | 86814 | SH |  | SOLE |  | 535 | 0 | 86280 |
| SPROTT FDS TR | URANIUM MINERS E | 85208P303 |  | 4308892 | 78500 | SH |  | SOLE |  | 624 | 0 | 77877 |
| J P MORGAN EXCHANGE TRADED F | ULTRA SHRT ETF | 46641Q837 |  | 4009493 | 79255 | SH |  | SOLE |  | 288 | 0 | 78967 |
| ISHARES TR | ESG AW MSCI EAFE | 46435G516 |  | 3963066 | 41677 | SH |  | SOLE |  | 0 | 0 | 41677 |
| SIMPLIFY EXCHANGE TRADED FUN | HEALTH CARE ETF | 82889N772 |  | 3956958 | 108114 | SH |  | SOLE |  | 0 | 0 | 108114 |
| SCHWAB STRATEGIC TR | US LCAP GR ETF | 808524300 |  | 3574526 | 109581 | SH |  | SOLE |  | 0 | 0 | 109581 |
| ISHARES INC | MSCI BRAZIL ETF | 464286400 |  | 3181726 | 100149 | SH |  | SOLE |  | 0 | 0 | 100149 |
| VANECK ETF TRUST | GOLD MINERS ETF | 92189F106 |  | 2825631 | 32944 | SH |  | SOLE |  | 884 | 0 | 32060 |
| NUSHARES ETF TR | NUVEEN ESG SMLCP | 67092P607 |  | 2568580 | 57527 | SH |  | SOLE |  | 0 | 0 | 57527 |
| INVESCO EXCH TRD SLF IDX FD | INVSCO BLSH 26 | 46138J635 |  | 2326824 | 99693 | SH |  | SOLE |  | 1247 | 0 | 98445 |
| TIDAL TRUST III | NOVATIDE FLEXIBL | 45259A779 |  | 2247731 | 113427 | SH |  | SOLE |  | 0 | 0 | 113427 |
| INVESCO EXCH TRD SLF IDX FD | BULSHS 2027 CB | 46138J783 |  | 2123240 | 107560 | SH |  | SOLE |  | 559 | 0 | 107001 |
| NUSHARES ETF TR | NUVEEN ESG LRGCP | 67092P201 |  | 2044289 | 20903 | SH |  | SOLE |  | 0 | 0 | 20903 |
| INVESCO EXCHANGE TRADED FD T | S EQL TEC | 46137V282 |  | 1841538 | 40464 | SH |  | SOLE |  | 0 | 0 | 40464 |
| ISHARES TR | CORE S ETF | 464287200 |  | 1811699 | 2645 | SH |  | SOLE |  | 20 | 0 | 2625 |
| BARINGS BDC INC | COM | 06759L103 |  | 1775522 | 193412 | SH |  | SOLE |  | 56 | 0 | 193356 |
| DBX ETF TR | XTKR EMGRIN MKTS | 233051192 |  | 1764439 | 47709 | SH |  | SOLE |  | 0 | 0 | 47709 |
| RUNWAY GROWTH FINANCE CORP | COM | 78163D100 |  | 1693021 | 189588 | SH |  | SOLE |  | 55 | 0 | 189533 |
| APPLE INC | COM | 037833100 |  | 1644745 | 6050 | SH |  | SOLE |  | 0 | 0 | 6050 |
| GOLDMAN SACHS BDC INC | SHS | 38147U107 |  | 1568456 | 169015 | SH |  | SOLE |  | 35 | 0 | 168980 |
| ISHARES TR | ESG ADVANCED UNI | 46436E619 |  | 1512777 | 34452 | SH |  | SOLE |  | 0 | 0 | 34452 |
| OAKTREE SPECIALTY LENDING CO | COM | 67401P405 |  | 1398136 | 109744 | SH |  | SOLE |  | 39 | 0 | 109705 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 1173653 | 6293 | SH |  | SOLE |  | 0 | 0 | 6293 |
| SCHWAB STRATEGIC TR | US LCAP VA ETF | 808524409 |  | 1136124 | 38370 | SH |  | SOLE |  | 1058 | 0 | 37312 |
| INVESCO EXCH TRD SLF IDX FD | BULETSHS 2027 | 46138J585 |  | 912869 | 40366 | SH |  | SOLE |  | 214 | 0 | 40153 |
| NUSHARES ETF TR | NUVEEN ESG LRGVL | 67092P300 |  | 847072 | 18803 | SH |  | SOLE |  | 0 | 0 | 18803 |
| QUANTA SVCS INC | COM | 74762E102 |  | 841659 | 1994 | SH |  | SOLE |  | 0 | 0 | 1994 |
| ISHARES TR | RUS 1000 VAL ETF | 464287598 |  | 834440 | 3967 | SH |  | SOLE |  | 0 | 0 | 3967 |
| PIMCO ETF TR | ENHANCD SHORT | 72201R643 |  | 822072 | 8340 | SH |  | SOLE |  | 0 | 0 | 8340 |
| ISHARES TR | MSCI ACWI EX US | 464288240 |  | 818300 | 12190 | SH |  | SOLE |  | 0 | 0 | 12190 |
| AMCOR PLC | ORD | G0250X107 |  | 811540 | 97307 | SH |  | SOLE |  | 0 | 0 | 97307 |
| ISHARES TR | RUS 1000 GRW ETF | 464287614 |  | 761153 | 1608 | SH |  | SOLE |  | 229 | 0 | 1379 |
| ORACLE CORP | COM | 68389X105 |  | 731818 | 3755 | SH |  | SOLE |  | 0 | 0 | 3755 |
| ARISTA NETWORKS INC | COM SHS | 040413205 |  | 679729 | 5188 | SH |  | SOLE |  | 0 | 0 | 5188 |
| META PLATFORMS INC | CL A | 30303M102 |  | 644685 | 977 | SH |  | SOLE |  | 0 | 0 | 977 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 641080 | 2048 | SH |  | SOLE |  | 0 | 0 | 2048 |
| AMAZON COM INC | COM | 023135106 |  | 603088 | 2613 | SH |  | SOLE |  | 0 | 0 | 2613 |
| ISHARES TR | ENVIR AWR RL EST | 46436E270 |  | 559569 | 20953 | SH |  | SOLE |  | 0 | 0 | 20953 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 554367 | 643 | SH |  | SOLE |  | 0 | 0 | 643 |
| UNITED RENTALS INC | COM | 911363109 |  | 547609 | 677 | SH |  | SOLE |  | 0 | 0 | 677 |
| SCHWAB CHARLES CORP | COM | 808513105 |  | 546742 | 5472 | SH |  | SOLE |  | 0 | 0 | 5472 |
| BLACKROCK INC | COM | 09290D101 |  | 494335 | 462 | SH |  | SOLE |  | 0 | 0 | 462 |
| NETFLIX INC | COM | 64110L106 |  | 488368 | 5209 | SH |  | SOLE |  | 0 | 0 | 5209 |
| BOSTON SCIENTIFIC CORP | COM | 101137107 |  | 479568 | 5030 | SH |  | SOLE |  | 0 | 0 | 5030 |
| TARGA RES CORP | COM | 87612G101 |  | 477393 | 2587 | SH |  | SOLE |  | 0 | 0 | 2587 |
| VISA INC | COM CL A | 92826C839 |  | 470061 | 1340 | SH |  | SOLE |  | 0 | 0 | 1340 |
| GE AEROSPACE | COM NEW | 369604301 |  | 454122 | 1474 | SH |  | SOLE |  | 0 | 0 | 1474 |
| PALO ALTO NETWORKS INC | COM | 697435105 |  | 437560 | 2375 | SH |  | SOLE |  | 0 | 0 | 2375 |
| CONSTELLATION ENERGY CORP | COM | 21037T109 |  | 427231 | 1209 | SH |  | SOLE |  | 0 | 0 | 1209 |
| S GLOBAL INC | COM | 78409V104 |  | 421302 | 806 | SH |  | SOLE |  | 0 | 0 | 806 |
| APPLIED MATLS INC | COM | 038222105 |  | 420852 | 1638 | SH |  | SOLE |  | 0 | 0 | 1638 |
| SPDR SERIES TRUST | STATE STREET SPD | 78468R853 |  | 415719 | 8872 | SH |  | SOLE |  | 0 | 0 | 8872 |
| TAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADS | 874039100 |  | 415211 | 1366 | SH |  | SOLE |  | 0 | 0 | 1366 |
| WASTE MGMT INC DEL | COM | 94106L109 |  | 392519 | 1787 | SH |  | SOLE |  | 0 | 0 | 1787 |
| AXON ENTERPRISE INC | COM | 05464C101 |  | 389095 | 685 | SH |  | SOLE |  | 0 | 0 | 685 |
| ANALOG DEVICES INC | COM | 032654105 |  | 377510 | 1392 | SH |  | SOLE |  | 0 | 0 | 1392 |
| FIRST TR EXCHANGE-TRADED ALP | COM SHS | 33735K108 |  | 375549 | 2349 | SH |  | SOLE |  | 0 | 0 | 2349 |
| ISHARES TR | RUS MD CP GR ETF | 464287481 |  | 360779 | 2635 | SH |  | SOLE |  | 0 | 0 | 2635 |
| SERVICENOW INC | COM | 81762P102 |  | 344992 | 2252 | SH |  | SOLE |  | 0 | 0 | 2252 |
| ELI LILLY  CO | COM | 532457108 |  | 336110 | 313 | SH |  | SOLE |  | 0 | 0 | 313 |
| DOORDASH INC | CL A | 25809K105 |  | 330208 | 1458 | SH |  | SOLE |  | 0 | 0 | 1458 |
| NIKE INC | CL B | 654106103 |  | 315595 | 4954 | SH |  | SOLE |  | 0 | 0 | 4954 |
| UBER TECHNOLOGIES INC | COM | 90353T100 |  | 314910 | 3854 | SH |  | SOLE |  | 0 | 0 | 3854 |
| ISHARES TR | ESG ADVNCD HY BD | 46435G441 |  | 309450 | 6548 | SH |  | SOLE |  | 0 | 0 | 6548 |
| VANECK ETF TRUST | GREEN BOND ETF | 92189F171 |  | 307795 | 12648 | SH |  | SOLE |  | 0 | 0 | 12648 |
| GALLAGHER ARTHUR J  CO | COM | 363576109 |  | 305850 | 1182 | SH |  | SOLE |  | 0 | 0 | 1182 |
| STRYKER CORPORATION | COM | 863667101 |  | 304838 | 867 | SH |  | SOLE |  | 0 | 0 | 867 |
| MICROSOFT CORP | COM | 594918104 |  | 295002 | 610 | SH |  | SOLE |  | 0 | 0 | 610 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 277123 | 839 | SH |  | SOLE |  | 0 | 0 | 839 |
| TARGET CORP | COM | 87612E106 |  | 275460 | 2818 | SH |  | SOLE |  | 1309 | 0 | 1509 |
| ISHARES TR | ESG MSCI USA ETF | 46436E767 |  | 275013 | 4776 | SH |  | SOLE |  | 0 | 0 | 4776 |
| PIMCO ETF TR | INTER MUN BD ACT | 72201R866 |  | 260409 | 4969 | SH |  | SOLE |  | 0 | 0 | 4969 |
| SCHWAB STRATEGIC TR | US MID-CAP ETF | 808524508 |  | 259293 | 8623 | SH |  | SOLE |  | 0 | 0 | 8623 |
| MCKESSON CORP | COM | 58155Q103 |  | 249368 | 304 | SH |  | SOLE |  | 0 | 0 | 304 |
| AMERICAN EXPRESS CO | COM | 025816109 |  | 225557 | 610 | SH |  | SOLE |  | 0 | 0 | 610 |
| TRANE TECHNOLOGIES PLC | SHS | G8994E103 |  | 207736 | 534 | SH |  | SOLE |  | 0 | 0 | 534 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 206781 | 698 | SH |  | SOLE |  | 0 | 0 | 698 |
| MEDTRONIC PLC | SHS | G5960L103 |  | 202525 | 2108 | SH |  | SOLE |  | 0 | 0 | 2108 |

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