Wernau Asset Management

Gloucester, MAfiles as Wernau Asset Management Inc.

$105m in 48 US stocks at the end of 30 June 2026. The top 10 are 72.4% of the money. It changed about 4.1% of the portfolio this quarter.

Value

$105m

Stocks

Top 10 share

72.4%

Turnover

4.1%

What changed this quarter

New

Bought for the first time this quarter.

Ishares TRIWD
0.2% of the fund
Vanguard Scottsdale FDSVONV
0.2% of the fund

Added

Bought more of a stock they already held.

JPMorgan ChaseJPM
3.1% of the fund
+2%
PfizerPFE
2.7% of the fund
+5%
UnitilUTL
2.2% of the fund
+3%
Schwab Strategic TRSCHF
1.3% of the fund
+3%
Vanguard Index FDSVO
1.1% of the fund
+4%
Schwab Strategic TRSCHD
1.0% of the fund
+3%
NvidiaNVDA
1.0% of the fund
+17%
Spdr Gold TRGLD
0.7% of the fund
+2%
Kinder MorganKMI
0.5% of the fund
+2%
Ishares TRSHY
0.3% of the fund
+3%
AbbVieABBV
0.3% of the fund
+2%
StarbucksSBUX
0.3% of the fund
+5%
Ishares TRTIP
0.2% of the fund
+4%
NetflixNFLX
0.2% of the fund
+18%

Cut

Sold some of their stake.

AppleAAPL
25.0% of the fund
-3%
Cisco SystemsCSCO
2.1% of the fund
-2%
ExxonMobil HoldingsXOM
0.7% of the fund
-4%
International Business MachinesIBM
0.6% of the fund
-8%
Eli LillyLLY
0.5% of the fund
-5%
Ishares TREEM
0.3% of the fund
-2%
Ishares TRIWB
0.2% of the fund
-45%

Sold out

Sold their entire stake.

Ishares TRIJR
-100%

Holdings

AppleAAPL
Share
25.0%
Value
$26m
Shares
91,042
-3%
State STR Spdr S&P 500 ETF TSPY
Share
11.9%
Value
$13m
Shares
16,859
Held
AlphabetGOOG
Share
7.6%
Value
$8m
Shares
22,770
Held
Berkshire HathawayBRK-B
Share
6.9%
Value
$7m
Shares
14,583
Held
MicrosoftMSFT
Share
4.6%
Value
$5m
Shares
12,915
Held
Bank of AmericaBAC
Share
4.5%
Value
$5m
Shares
82,955
Held
AlphabetGOOGL
Share
3.4%
Value
$4m
Shares
10,006
Held
JPMorgan ChaseJPM
Share
3.1%
Value
$3m
Shares
9,835
+2%
Vanguard Scottsdale FDSVTWO
Share
2.7%
Value
$3m
Shares
23,800
Held
PfizerPFE
Share
2.7%
Value
$3m
Shares
119,725
+5%
Amazon.comAMZN
Share
2.3%
Value
$2m
Shares
10,298
Held
UnitilUTL
Share
2.2%
Value
$2m
Shares
44,526
+3%
Cisco SystemsCSCO
Share
2.1%
Value
$2m
Shares
19,207
-2%
Procter & GamblePG
Share
1.9%
Value
$2m
Shares
13,480
Held
AT&TT
Share
1.6%
Value
$2m
Shares
83,453
Held
Schwab Strategic TRSCHF
Share
1.3%
Value
$1m
Shares
49,588
+3%
Vanguard Index FDSVO
Share
1.1%
Value
$1m
Shares
14,981
+4%
Schwab Strategic TRSCHD
Share
1.0%
Value
$1m
Shares
33,994
+3%
Vanguard Intl Equity Index FVWO
Share
1.0%
Value
$1m
Shares
17,816
Held
NvidiaNVDA
Share
1.0%
Value
$1m
Shares
5,295
+17%
KKRKKR
Share
1.0%
Value
$1m
Shares
11,030
Held
Walt DisneyDIS
Share
0.9%
Value
$937,956
Shares
9,745
Held
Verizon CommunicationsVZ
Share
0.9%
Value
$933,429
Shares
22,046
Held
ExxonMobil HoldingsXOM
Share
0.7%
Value
$722,155
Shares
5,282
-4%
Spdr Gold TRGLD
Share
0.7%
Value
$704,075
Shares
1,911
+2%
International Business MachinesIBM
Share
0.6%
Value
$609,101
Shares
2,166
-8%
Schwab Strategic TRSCHB
Share
0.5%
Value
$566,284
Shares
19,554
Held
Consolidated EdisonED
Share
0.5%
Value
$564,656
Shares
5,104
Held
Ishares TRIWF
Share
0.5%
Value
$562,242
Shares
4,528
Held
Kinder MorganKMI
Share
0.5%
Value
$506,257
Shares
15,835
+2%
Eli LillyLLY
Share
0.5%
Value
$496,967
Shares
414
-5%
Boston BeerSAM
Share
0.4%
Value
$442,575
Shares
2,500
Held
Vanguard Index FDSVTI
Share
0.4%
Value
$374,883
Shares
1,013
Held
Ishares TREEM
Share
0.3%
Value
$363,668
Shares
5,316
-2%
Ishares TRSHY
Share
0.3%
Value
$345,448
Shares
4,207
+3%
Ford MotorF
Share
0.3%
Value
$330,890
Shares
23,805
Held
Select Sector Spdr TRXLF
Share
0.3%
Value
$328,200
Shares
6,122
Held
AbbVieABBV
Share
0.3%
Value
$322,854
Shares
1,283
+2%
StarbucksSBUX
Share
0.3%
Value
$284,654
Shares
2,785
+5%
Invesco QQQ TRQQQ
Share
0.2%
Value
$257,740
Shares
350
Held
Pembina PipelinePBA
Share
0.2%
Value
$257,705
Shares
5,572
Held
Annaly Capital ManagementNLY
Share
0.2%
Value
$246,765
Shares
11,036
Held
Ishares TRIWB
Share
0.2%
Value
$237,510
Shares
580
-45%
Ishares TRTIP
Share
0.2%
Value
$236,339
Shares
2,159
+4%
NetflixNFLX
Share
0.2%
Value
$235,911
Shares
3,304
+18%
Johnson & JohnsonJNJ
Share
0.2%
Value
$234,668
Shares
924
Held
Ishares TRIWD
Share
0.2%
Value
$205,338
Shares
847
New
Vanguard Scottsdale FDSVONV
Share
0.2%
Value
$200,394
Shares
1,885
New

Company	Share of fund	Value	Shares	Change
AppleAAPL	25.0%	$26m	91,042	-3%
State STR Spdr S&P 500 ETF TSPY	11.9%	$13m	16,859	Held
AlphabetGOOG	7.6%	$8m	22,770	Held
Berkshire HathawayBRK-B	6.9%	$7m	14,583	Held
MicrosoftMSFT	4.6%	$5m	12,915	Held
Bank of AmericaBAC	4.5%	$5m	82,955	Held
AlphabetGOOGL	3.4%	$4m	10,006	Held
JPMorgan ChaseJPM	3.1%	$3m	9,835	+2%
Vanguard Scottsdale FDSVTWO	2.7%	$3m	23,800	Held
PfizerPFE	2.7%	$3m	119,725	+5%
Amazon.comAMZN	2.3%	$2m	10,298	Held
UnitilUTL	2.2%	$2m	44,526	+3%
Cisco SystemsCSCO	2.1%	$2m	19,207	-2%
Procter & GamblePG	1.9%	$2m	13,480	Held
AT&TT	1.6%	$2m	83,453	Held
Schwab Strategic TRSCHF	1.3%	$1m	49,588	+3%
Vanguard Index FDSVO	1.1%	$1m	14,981	+4%
Schwab Strategic TRSCHD	1.0%	$1m	33,994	+3%
Vanguard Intl Equity Index FVWO	1.0%	$1m	17,816	Held
NvidiaNVDA	1.0%	$1m	5,295	+17%
KKRKKR	1.0%	$1m	11,030	Held
Walt DisneyDIS	0.9%	$937,956	9,745	Held
Verizon CommunicationsVZ	0.9%	$933,429	22,046	Held
ExxonMobil HoldingsXOM	0.7%	$722,155	5,282	-4%
Spdr Gold TRGLD	0.7%	$704,075	1,911	+2%
International Business MachinesIBM	0.6%	$609,101	2,166	-8%
Schwab Strategic TRSCHB	0.5%	$566,284	19,554	Held
Consolidated EdisonED	0.5%	$564,656	5,104	Held
Ishares TRIWF	0.5%	$562,242	4,528	Held
Kinder MorganKMI	0.5%	$506,257	15,835	+2%
Eli LillyLLY	0.5%	$496,967	414	-5%
Boston BeerSAM	0.4%	$442,575	2,500	Held
Vanguard Index FDSVTI	0.4%	$374,883	1,013	Held
Ishares TREEM	0.3%	$363,668	5,316	-2%
Ishares TRSHY	0.3%	$345,448	4,207	+3%
Ford MotorF	0.3%	$330,890	23,805	Held
Select Sector Spdr TRXLF	0.3%	$328,200	6,122	Held
AbbVieABBV	0.3%	$322,854	1,283	+2%
StarbucksSBUX	0.3%	$284,654	2,785	+5%
Invesco QQQ TRQQQ	0.2%	$257,740	350	Held
Pembina PipelinePBA	0.2%	$257,705	5,572	Held
Annaly Capital ManagementNLY	0.2%	$246,765	11,036	Held
Ishares TRIWB	0.2%	$237,510	580	-45%
Ishares TRTIP	0.2%	$236,339	2,159	+4%
NetflixNFLX	0.2%	$235,911	3,304	+18%
Johnson & JohnsonJNJ	0.2%	$234,668	924	Held
Ishares TRIWD	0.2%	$205,338	847	New
Vanguard Scottsdale FDSVONV	0.2%	$200,394	1,885	New

Options (3)

State STR Spdr S&P 500 ETF TSPY
Type
Put
Value
$69m
Contracts
92,700
AppleAAPL
Type
Put
Value
$18m
Contracts
61,000
AlphabetGOOG
Type
Put
Value
$176,665
Contracts
500

Company	Type	Value	Contracts
State STR Spdr S&P 500 ETF TSPY	Put	$69m	92,700
AppleAAPL	Put	$18m	61,000
AlphabetGOOG	Put	$176,665	500

Over time and by industry

Value over time

Jun '25

Dec '25

Jun '26

Value is up 19.3% since 30 June 2025.

Where the money is

Technology33.3%

Financial services15.6%

Media & telecom14.7%

Health care3.7%

Retail & consumer2.9%

Utilities2.8%

Everyday goods2.3%

Energy1.4%

Other23.3%

From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.