Wulff, Hansen & Co.

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 12, 2024), Wulff, Hansen & Co. reported 96 stock positions worth $110.4 million. Its top holding was Blackstone (BX) at 7.7% of the portfolio, followed by Vanguard Info Tech ETF (VGT, 4.9%) and Microsoft (MSFT, 4.2%). Compared with Q2 2024, it opened 6 new positions, sold out of 1, added to 19 and reduced 46. The biggest buy was a new position in Broadcom (AVGO) and the biggest sale Alphabet Class A (GOOGL, shares −2%).

Most Recent 13F
Q2 2026
Location
SAN RAFAEL, CA
CIK
0000108634
Portfolio Value
$110.4M (Q3 2024)
SEC Filing
0000108634-24-000014 ↗ filed Nov 12, 2024

Holdings Value

0$50.0M$100.0M$150.0M Q1 2024: $100.2M Q1 2024 Q2 2024: $101.3M Q2 2024 Q3 2024: $110.4M $110.4M Q3 2024 Q4 2024: $105.7M Q4 2024 Q1 2025: $109.7M Q1 2025 Q2 2025: $116.8M Q2 2025 Q3 2025: $116.2M Q3 2025 Q4 2025: $119.2M Q4 2025 Q1 2026: $97.9M Q1 2026 Q2 2026: $130.5M Q2 2026

Holdings 96 stocks · $110.4M
BX Blackstone Inc. 7.75% 55,851 $8.6M Reduce -5.8%
VGT Vanguard Info Tech ETF 4.88% 9,177 $5.4M Reduce -0.9%
MSFT Microsoft Corp. 4.24% 10,874 $4.7M Add +0.5%
GOOGL Alphabet Inc. Class A 3.60% 23,939 $4.0M Reduce -1.7%
BIPC Brookfield Infrastructure-A 3.60% 9,141 $4.0M No change
AMAZON COM INC 3.43% 20,350 $3.8M Add +1.2%
PG The Procter & Gamble Co. 3.31% 21,074 $3.7M Reduce -5.5%
JPM JPMorgan Chase & Co. 2.45% 12,851 $2.7M Reduce -7.2%
RTX RTX Corp. 2.39% 21,813 $2.6M Add +0.7%
AAPL Apple Inc. 2.29% 10,844 $2.5M No change
BRK.B Berkshire Hathaway Inc. Class B 1.96% 4,697 $2.2M Reduce -19.3%
MRK Merck & Co. Inc. 1.91% 18,520 $2.1M Reduce -8.1%
CSX CSX Corp. 1.89% 60,285 $2.1M Reduce -8.0%
BIP Brookfield Infrastructure Pa 1.84% 58,062 $2.0M Reduce -1.4%
COST Costco Wholesale Corp. 1.77% 2,200 $2.0M Add +26.8%
BAC Bank of America Corp. filed as BANK AMERICA CORP 1.74% 48,398 $1.9M Reduce -5.0%
GE General Electric filed as GE AEROSPACE 1.71% 10,033 $1.9M Reduce -1.2%
V Visa Inc. Class A 1.69% 6,795 $1.9M Add +12.3%
MDLZ Mondelez International Inc. Class A 1.62% 24,265 $1.8M Reduce -9.3%
BN Brookfield Corp. 1.62% 33,631 $1.8M Reduce -9.4%
JNJ Johnson & Johnson 1.51% 10,280 $1.7M Reduce -7.5%
HD Home Depot Inc. 1.49% 4,068 $1.6M Reduce -5.3%
GPC Genuine Parts Co. 1.43% 11,300 $1.6M Reduce -0.2%
XLY SS Consumer Disc Select Sect 1.35% 7,460 $1.5M Reduce -8.9%
SCHD Schwab US DVD Equity ETF 1.34% 17,445 $1.5M Reduce -6.8%
AWK American Water Works Co. Inc. 1.30% 9,850 $1.4M Reduce -13.1%
VCSH Vanguard S/T Corp. Bond ETF 1.23% 17,160 $1.4M Reduce -9.8%
LMT Lockheed Martin Corp. 1.20% 2,261 $1.3M Add +3.4%
FCX Freeport-McMoran Inc. 1.14% 25,099 $1.3M Add +1.8%
PM Philip Morris International 1.12% 10,180 $1.2M Reduce -0.8%
IGSB iShares 1-5Y Inv Grade Corp. 1.03% 21,550 $1.1M Reduce -8.9%
CWT California Water Service Grp 1.02% 20,700 $1.1M Reduce -4.7%
WMT Walmart Inc. 0.97% 13,221 $1.1M Reduce -5.1%
CVX Chevron Corp. 0.96% 7,206 $1.1M Reduce -4.1%
CP Canadian Pacific Kansas City 0.96% 12,364 $1.1M Add +3.2%
FLMI Franklin Dynamic Municipal B 0.93% 41,187 $1.0M No change
GIS General Mills Inc. 0.93% 13,865 $1.0M Reduce -7.2%
XOM Exxon Mobil Corp. 0.85% 8,025 $941K Reduce -2.1%
WLDN Willdan Group Inc. 0.83% 22,451 $919K Reduce -3.1%
DUK Duke Energy Corp. 0.80% 7,675 $885K No change
SPSM SS SPDR P S&P 600 Small Cap 0.74% 18,010 $820K Add +1.5%
WM Waste Management Inc. 0.73% 3,908 $811K Reduce -4.0%
DLR Digital Realty Trust Inc. 0.73% 4,961 $803K Reduce -5.2%
CPB The Campbell's Company filed as CAMPBELL SOUP CO 0.72% 16,210 $793K No change
MSI Motorola Solutions Inc. 0.69% 2,352 $761K Add +30.4%
NVDA Nvidia Corp. 0.69% 6,255 $760K Add +1.5%
BA The Boeing Co. 0.66% 4,805 $731K Reduce -9.6%
LLY Eli Lilly & Co. 0.63% 785 $695K Reduce -24.1%
INTC Intel Corp. 0.62% 29,026 $681K Reduce -4.9%
SO The Southern Co. 0.60% 7,363 $664K No change
HVT Haverty Furniture 0.60% 24,076 $661K Add +6.2%
KMB Kimberly-Clark Corp. 0.60% 4,642 $660K No change
ABBV Abbvie Inc. 0.50% 2,770 $547K No change
CLX Clorox Company 0.48% 3,225 $525K No change
ETN Eaton Corp. PLC 0.46% 1,525 $505K No change
PLTR Palantir Technologies Inc. Class A 0.46% 13,565 $505K No change
XLE SS Energy Select Sector 0.45% 5,650 $496K No change
MA Mastercard Inc. Class A 0.44% 980 $484K Add +28.1%
VZ Verizon Communications Inc. 0.43% 10,671 $479K Reduce -3.0%
ESS Essex Property Trust Inc. 0.42% 1,564 $462K No change
GEV GE Vernova Inc. 0.42% 1,801 $459K Reduce -2.4%
PFF iShares Preferred & Income S 0.41% 13,770 $458K Reduce -3.3%
HCC Warrior Met Coal Inc. 0.40% 6,909 $441K Add +30.8%
NKE Nike Inc. Class B 0.39% 4,890 $432K Reduce -11.6%
XLI SS Industrial Select Sector 0.38% 3,105 $421K No change
VB Vanguard Most SM-Cap ETF-Usd 0.35% 1,640 $389K No change
BSCO Invesco Bulletshares 2024 CB 0.34% 17,725 $374K No change
HON Honeywell International Inc. 0.34% 1,810 $374K Reduce -12.8%
RDS.B Shell PLC-Spon ADR-B filed as DUTCH SHELL PLC 0.32% 5,350 $353K Reduce -0.3%
AEP American Electric Power 0.32% 3,425 $351K No change
NVS Novartis AG-Sponsored ADR 0.32% 3,045 $350K No change
FMS Fresenius Medical Care-ADR 0.31% 16,302 $347K Reduce -9.4%
CL Colgate-Palmolive Co. 0.31% 3,310 $344K No change
AVGO Broadcom Inc. 0.31% 1,990 $343K New
CMCSA Comcast Corp. Class A 0.31% 8,164 $341K Reduce -42.7%
XAR SS SPDR S&P Aerospace Def 0.31% 2,273 $340K Add +1.3%
HPQ HP Inc. 0.30% 9,081 $326K Add +5.2%
BN Brookfield Asset Mgmt Inc. 0.29% 6,855 $324K Reduce -22.4%
MCO Moody's Corp. 0.29% 665 $316K No change
MP MP Materials Corp. 0.28% 17,806 $314K Add +22.4%
VANGUARD WORLD FDS 0.28% 1,190 $309K No change
PFE Pfizer Inc. 0.27% 10,214 $296K Add +6.2%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.27% 1,327 $293K Reduce -21.1%
IYF iShares US Financials ETF 0.26% 2,775 $288K No change
META Meta Platforms Inc. Class A 0.26% 493 $282K No change
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.25% 2,865 $276K No change
CRM Salesforce Inc. 0.25% 1,000 $274K New
TSLA Tesla Inc. 0.24% 1,030 $269K Reduce -14.9%
HPE Hewlett Packard Enterprise 0.23% 12,666 $259K Add +13.6%
SCHX Schwab US Large-Cap ETF 0.23% 2,405 $251K New
MMM 3M Co. 0.20% 1,635 $224K Reduce -20.6%
T AT&T Inc. 0.20% 9,797 $216K Reduce -13.5%
IBKR Interactive Brokers Gro Class A 0.19% 1,495 $208K New
XLF SS Financial Select Sector 0.19% 4,515 $205K New
GBTG Global Business Travel Group 0.15% 21,475 $165K New
RWT Redwood Trust Inc. 0.14% 19,794 $153K No change

Portfolio Sells Q2 2024 → Q3 2024
GOOGL Alphabet Inc. Class A Reduce -1.7% 3.60% −0.78
MRK Merck & Co. Inc. Reduce -8.1% 1.91% −0.56
IRM Iron Mountain Inc. Sold out 0.00% −0.40
VGT Vanguard Info Tech ETF Reduce -0.9% 4.88% −0.40
BRK.B Berkshire Hathaway Inc. Class B Reduce -19.3% 1.96% −0.38
PG The Procter & Gamble Co. Reduce -5.5% 3.31% −0.32
INTC Intel Corp. Reduce -4.9% 0.62% −0.32
JPM JPMorgan Chase & Co. Reduce -7.2% 2.45% −0.31
LLY Eli Lilly & Co. Reduce -24.1% 0.63% −0.30
BA The Boeing Co. Reduce -9.6% 0.66% −0.29
CSX CSX Corp. Reduce -8.0% 1.89% −0.28
BAC Bank of America Corp. Reduce -5.0% 1.74% −0.26
CMCSA Comcast Corp. Class A Reduce -42.7% 0.31% −0.24
VCSH Vanguard S/T Corp. Bond ETF Reduce -9.8% 1.23% −0.22
CVX Chevron Corp. Reduce -4.1% 0.96% −0.20
IGSB iShares 1-5Y Inv Grade Corp. Reduce -8.9% 1.03% −0.17
AWK American Water Works Co. Inc. Reduce -13.1% 1.30% −0.14
WM Waste Management Inc. Reduce -4.0% 0.73% −0.12
XLY SS Consumer Disc Select Sect Reduce -8.9% 1.35% −0.12
GPC Genuine Parts Co. Reduce -0.2% 1.43% −0.12
MDLZ Mondelez International Inc. Class A Reduce -9.3% 1.62% −0.11
SCHD Schwab US DVD Equity ETF Reduce -6.8% 1.34% −0.10
JNJ Johnson & Johnson Reduce -7.5% 1.51% −0.10
XOM Exxon Mobil Corp. Reduce -2.1% 0.85% −0.08
RDS.B Shell PLC-Spon ADR-B Reduce -0.3% 0.32% −0.06
DLR Digital Realty Trust Inc. Reduce -5.2% 0.73% −0.06
BN Brookfield Asset Mgmt Inc. Reduce -22.4% 0.29% −0.04
PFF iShares Preferred & Income S Reduce -3.3% 0.41% −0.03
FMS Fresenius Medical Care-ADR Reduce -9.4% 0.31% −0.02
CWT California Water Service Grp Reduce -4.7% 1.02% −0.02
IBM Intl Business Machines Corp. Reduce -21.1% 0.27% −0.02
NKE Nike Inc. Class B Reduce -11.6% 0.39% −0.02
T AT&T Inc. Reduce -13.5% 0.20% −0.02
VZ Verizon Communications Inc. Reduce -3.0% 0.43% −0.01
GIS General Mills Inc. Reduce -7.2% 0.93% −0.01
MMM 3M Co. Reduce -20.6% 0.20% −0.01
TSLA Tesla Inc. Reduce -14.9% 0.24% +0.01
HD Home Depot Inc. Reduce -5.3% 1.49% +0.03
WMT Walmart Inc. Reduce -5.1% 0.97% +0.04
PM Philip Morris International Reduce -0.8% 1.12% +0.09
BN Brookfield Corp. Reduce -9.4% 1.62% +0.10
GEV GE Vernova Inc. Reduce -2.4% 0.42% +0.10
GE General Electric Reduce -1.2% 1.71% +0.12
WLDN Willdan Group Inc. Reduce -3.1% 0.83% +0.17
BIP Brookfield Infrastructure Pa Reduce -1.4% 1.84% +0.25
HON Honeywell International Inc. Reduce -12.8% 0.34% +0.30
BX Blackstone Inc. Reduce -5.8% 7.75% +0.50

Portfolio Buys Q2 2024 → Q3 2024
AVGO Broadcom Inc. New 0.31% +0.31
COST Costco Wholesale Corp. Add +26.8% 1.77% +0.31
CRM Salesforce Inc. New 0.25% +0.25
RTX RTX Corp. Add +0.7% 2.39% +0.25
SCHX Schwab US Large-Cap ETF New 0.23% +0.23
LMT Lockheed Martin Corp. Add +3.4% 1.20% +0.19
IBKR Interactive Brokers Gro Class A New 0.19% +0.19
XLF SS Financial Select Sector New 0.19% +0.19
GBTG Global Business Travel Group New 0.15% +0.15
V Visa Inc. Class A Add +12.3% 1.69% +0.12
MA Mastercard Inc. Class A Add +28.1% 0.44% +0.11
MP MP Materials Corp. Add +22.4% 0.28% +0.10
HCC Warrior Met Coal Inc. Add +30.8% 0.40% +0.07
HVT Haverty Furniture Add +6.2% 0.60% +0.03
CP Canadian Pacific Kansas City Add +3.2% 0.96% +0.03
XAR SS SPDR S&P Aerospace Def Add +1.3% 0.31% +0.02
SPSM SS SPDR P S&P 600 Small Cap Add +1.5% 0.74% +0.01
PFE Pfizer Inc. Add +6.2% 0.27% +0.00
HPE Hewlett Packard Enterprise Add +13.6% 0.23% +0.00
MSI Motorola Solutions Inc. Add +30.4% 0.69% +0.00
HPQ HP Inc. Add +5.2% 0.30% −0.00
FCX Freeport-McMoran Inc. Add +1.8% 1.14% −0.05
NVDA Nvidia Corp. Add +1.5% 0.69% −0.06
AMAZON COM INC Add +1.2% 3.43% −0.40
MSFT Microsoft Corp. Add +0.5% 4.24% −0.53

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 109$130.5MVGT, GOOGL, BX, AMZN, AAPL
Q1 2026 98$97.9MAMZN, RTX, AAPL, JPM, MSFT
Q4 2025 102$119.2MBX, VGT, GOOGL, AMZN, MSFT
Q3 2025 101$116.2MBX, VGT, MSFT, GOOGL, JPM
Q2 2025 100$116.8MBX, VGT, AMAZON COM INC, MSFT, COST
Q1 2025 98$109.7MBX, VGT, AMAZON COM INC, GOOGL, MSFT
Q4 2024 96$105.7MBX, VGT, GOOGL, MSFT, AMAZON COM INC
Q3 2024 96$110.4MBX, VGT, MSFT, GOOGL, BIPC
Q2 2024Amended 91$101.3MBX, VGT, MSFT, GOOGL, AMAZON COM INC
Q1 2024 89$100.2MBX, VGT, MSFT, PG, GOOGL