Wernau Asset Management Inc.

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 7, 2025), Wernau Asset Management Inc. reported 46 stock positions worth $96.7 million. Its top holding was Apple (AAPL) at 23.5% of the portfolio, followed by SS SPDR S&P 500 ETF Trust-US (SPY, 10.3%) and Berkshire Hathaway Class B (BRK.B, 9.2%). Compared with Q4 2024, it sold out of 1, added to 4 and reduced 24. The biggest buy was Pfizer (PFE, shares +8%) and the biggest sale Apple (AAPL, shares −3%).

Most Recent 13F
Q2 2026
Location
Gloucester, MA
CIK
0002053236
Portfolio Value
$96.7M (Q1 2025)
SEC Filing
0001172661-25-001592 ↗ filed May 7, 2025

Holdings Value

0$50.0M$100.0M$150.0M Q4 2024: $103.3M Q4 2024 Q1 2025: $96.7M $96.7M Q1 2025 Q2 2025: $88.4M Q2 2025 Q3 2025: $96.6M Q3 2025 Q4 2025: $100.7M Q4 2025 Q1 2026: $96.1M Q1 2026 Q2 2026: $105.5M Q2 2026

Holdings 46 stocks · $96.7M
AAPL Apple Inc. 23.53% 102,383 $22.7M Reduce -3.0%
SPY SS SPDR S&P 500 ETF Trust-US 10.34% 17,867 $10.0M Reduce -1.0%
BRK.B Berkshire Hathaway Inc. Class B 9.24% 16,774 $8.9M Reduce -0.1%
MSFT Microsoft Corp. 5.35% 13,781 $5.2M Reduce -0.3%
GOOG Alphabet Inc. Class C 4.91% 30,395 $4.7M Reduce -0.1%
PFE Pfizer Inc. 4.34% 165,644 $4.2M Add +7.9%
BAC Bank of America Corp. filed as BANK AMERICA CORP 4.24% 98,171 $4.1M Reduce -0.3%
T AT&T Inc. 3.65% 124,892 $3.5M Reduce -0.3%
UTL Unitil Corp. 2.95% 49,363 $2.8M Add +0.1%
JPM JPMorgan Chase & Co. 2.93% 11,558 $2.8M Reduce -0.3%
PG The Procter & Gamble Co. 2.60% 14,723 $2.5M Reduce -0.3%
AMZN Amazon.com Inc. 2.23% 11,318 $2.2M Reduce -0.3%
VTWO Vanguard Russell 2000 ETF 1.93% 23,177 $1.9M No change
GOOGL Alphabet Inc. Class A 1.62% 10,116 $1.6M No change
DIS The Walt Disney Co. filed as DISNEY WALT CO 1.60% 15,689 $1.5M Reduce -0.5%
CSCO Cisco Systems Inc. 1.59% 24,837 $1.5M Reduce -0.9%
KKR KKR & Co. Inc. 1.52% 12,674 $1.5M Reduce -0.0%
VZ Verizon Communications Inc. 1.18% 25,204 $1.1M Reduce -0.2%
VO Vngrd Mrngstr MD-Cap ETF-Usd 1.06% 3,960 $1.0M No change
SCHF Schwab Intl Equity ETF 0.93% 45,246 $895K No change
VWO Vanguard Ftse Emerging Marke 0.92% 19,546 $885K No change
SCHD Schwab US DVD Equity ETF 0.90% 31,209 $873K No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.69% 2,664 $662K No change
KMI Kinder Morgan Inc. 0.68% 23,165 $661K Reduce -1.7%
SNOW Snowflake Inc. 0.68% 4,519 $661K Reduce -0.6%
XOM Exxon Mobil Corp. 0.66% 5,373 $639K Add +0.3%
SCHB Schwab US Broad Market ETF 0.63% 28,194 $607K No change
ED Consolidated Edison Inc. 0.62% 5,447 $602K No change
SAM Boston Beer Company Inc. Class A 0.62% 2,500 $597K No change
GLD SPDR Gold Shares 0.61% 2,045 $590K No change
NVDA Nvidia Corp. 0.54% 4,785 $519K Add +10.5%
IWF iShares Russell 1000 Growth 0.42% 1,132 $409K No change
XLF SS Financial Select Sector 0.38% 7,313 $364K No change
LLY Eli Lilly & Co. 0.36% 426 $352K No change
NFLX Netflix Inc. 0.36% 373 $348K Reduce -3.1%
SHY iShares 1-3 Year Treasury Bo 0.35% 4,136 $342K Reduce -5.9%
F Ford Motor Co. filed as FORD MTR CO 0.35% 33,851 $340K Reduce -2.6%
IWB iShares Russell 1000 ETF 0.34% 1,060 $325K No change
EEM iShares MSCI Emerging Market 0.34% 7,440 $325K Reduce -14.7%
QQQ Invesco QQQ Trust Series 1 0.33% 690 $324K No change
ABBV Abbvie Inc. 0.32% 1,473 $309K Reduce -1.0%
SBUX Starbucks Corp. 0.28% 2,763 $271K Reduce -2.4%
PBA Pembina Pipeline Corp. 0.26% 6,301 $252K No change
NLY Annaly Capital Management Inc. 0.24% 11,516 $234K Reduce -8.0%
TIP iShares Tips Bond ETF 0.22% 1,904 $212K No change
WBD Warner Bros Discovery Inc. 0.16% 14,516 $156K Reduce -24.1%

Options reported separately and not counted above: SPY puts ($20.1M), AAPL puts ($11.0M), PFE puts ($253K).

Portfolio Sells Q4 2024 → Q1 2025
AAPL Apple Inc. Reduce -3.0% 23.53% −2.04
TSLA Tesla Inc. Sold out 0.00% −1.56
GOOG Alphabet Inc. Class C Reduce -0.1% 4.91% −0.70
KKR KKR & Co. Inc. Reduce -0.0% 1.52% −0.30
MSFT Microsoft Corp. Reduce -0.3% 5.35% −0.29
AMZN Amazon.com Inc. Reduce -0.3% 2.23% −0.18
DIS The Walt Disney Co. Reduce -0.5% 1.60% −0.10
WBD Warner Bros Discovery Inc. Reduce -24.1% 0.16% −0.03
EEM iShares MSCI Emerging Market Reduce -14.7% 0.34% −0.02
SNOW Snowflake Inc. Reduce -0.6% 0.68% +0.00
SHY iShares 1-3 Year Treasury Bo Reduce -5.9% 0.35% +0.01
F Ford Motor Co. Reduce -2.6% 0.35% +0.02
NLY Annaly Capital Management Inc. Reduce -8.0% 0.24% +0.02
NFLX Netflix Inc. Reduce -3.1% 0.36% +0.03
SBUX Starbucks Corp. Reduce -2.4% 0.28% +0.03
BAC Bank of America Corp. Reduce -0.3% 4.24% +0.05
KMI Kinder Morgan Inc. Reduce -1.7% 0.68% +0.06
ABBV Abbvie Inc. Reduce -1.0% 0.32% +0.06
SPY SS SPDR S&P 500 ETF Trust-US Reduce -1.0% 10.34% +0.10
CSCO Cisco Systems Inc. Reduce -0.9% 1.59% +0.15
PG The Procter & Gamble Co. Reduce -0.3% 2.60% +0.20
VZ Verizon Communications Inc. Reduce -0.2% 1.18% +0.20
JPM JPMorgan Chase & Co. Reduce -0.3% 2.93% +0.24
T AT&T Inc. Reduce -0.3% 3.65% +0.89
BRK.B Berkshire Hathaway Inc. Class B Reduce -0.1% 9.24% +1.87

Portfolio Buys Q4 2024 → Q1 2025
PFE Pfizer Inc. Add +7.9% 4.34% +0.40
UTL Unitil Corp. Add +0.1% 2.95% +0.36
XOM Exxon Mobil Corp. Add +0.3% 0.66% +0.10
NVDA Nvidia Corp. Add +10.5% 0.54% −0.03

Options Activity Q4 2024 → Q1 2025
SPY SS SPDR S&P 500 ETF Trust-US put Add +8.1% 36,000 $20.1M
AAPL Apple Inc. put Add +10.0% 49,300 $11.0M
PFE Pfizer Inc. put Add +100.0% 10,000 $253K

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 48$105.5MAAPL, SPY, GOOG, BRK.B, MSFT
Q1 2026 47$96.1MAAPL, SPY, BRK.B, GOOG, MSFT
Q4 2025 46$100.7MAAPL, SPY, BRK.B, GOOG, MSFT
Q3 2025 46$96.6MAAPL, SPY, BRK.B, MSFT, GOOG
Q2 2025 43$88.4MAAPL, SPY, BRK.B, MSFT, GOOG
Q1 2025 46$96.7MAAPL, SPY, BRK.B, MSFT, GOOG
Q4 2024 47$103.3MAAPL, SPY, BRK.B, MSFT, GOOG