Wulff, Hansen & Co.

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 3, 2026), Wulff, Hansen & Co. reported 102 stock positions worth $119.2 million. Its top holding was Blackstone (BX) at 6.7% of the portfolio, followed by Vanguard Info Tech ETF (VGT, 5.5%) and Alphabet Class A (GOOGL, 5.1%). Compared with Q3 2025, it opened 5 new positions, sold out of 4, added to 3 and reduced 49. The biggest buy was a new position in Amazon.com (AMZN) and the biggest sale Blackstone (BX, shares −1%).

Most Recent 13F
Q2 2026
Location
SAN RAFAEL, CA
CIK
0000108634
Portfolio Value
$119.2M (Q4 2025)
SEC Filing
0000108634-26-000002 ↗ filed Feb 3, 2026

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 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 $119.2M Q4 2025 Q1 2026: $97.9M Q1 2026 Q2 2026: $130.5M Q2 2026

Holdings 102 stocks · $119.2M
BX Blackstone Inc. 6.74% 52,149 $8.0M Reduce -1.0%
VGT Vanguard Info Tech ETF 5.54% 8,764 $6.6M Reduce -0.7%
GOOGL Alphabet Inc. Class A 5.11% 19,445 $6.1M Reduce -1.2%
AMZN Amazon.com Inc. 3.76% 19,420 $4.5M New
MSFT Microsoft Corp. 3.73% 9,201 $4.4M Reduce -3.0%
AAPL Apple Inc. 3.40% 14,918 $4.1M Reduce -1.2%
JPM JPMorgan Chase & Co. 3.27% 12,101 $3.9M Reduce -1.1%
RTX RTX Corp. 3.27% 21,227 $3.9M Reduce -0.7%
PG The Procter & Gamble Co. 2.38% 19,804 $2.8M Reduce -3.2%
GE General Electric filed as GE AEROSPACE 2.36% 9,140 $2.8M Reduce -2.6%
BAC Bank of America Corp. filed as BANK AMERICA CORP 2.06% 44,648 $2.5M Reduce -1.3%
BN Brookfield Corp. 1.89% 49,190 $2.3M No change
CSX CSX Corp. 1.80% 59,040 $2.1M Reduce -0.2%
JNJ Johnson & Johnson 1.65% 9,475 $2.0M Reduce -0.5%
BRK.B Berkshire Hathaway Inc. Class B 1.59% 3,762 $1.9M Reduce -1.8%
MRK Merck & Co. Inc. 1.55% 17,525 $1.8M Reduce -1.1%
WLDN Willdan Group Inc. 1.52% 17,505 $1.8M No change
BIP Brookfield Infrastructure Pa 1.49% 51,106 $1.8M Reduce -1.5%
V Visa Inc. Class A 1.49% 5,055 $1.8M No change
COST Costco Wholesale Corp. 1.46% 2,019 $1.7M Reduce -0.7%
XLY SS Consumer Disc Select Sect 1.41% 14,098 $1.7M Reduce -0.6%
NVDA Nvidia Corp. 1.37% 8,755 $1.6M Reduce -8.8%
PM Philip Morris International 1.36% 10,090 $1.6M Reduce -8.2%
SCHD Schwab US DVD Equity ETF 1.19% 51,670 $1.4M Add +0.2%
HD Home Depot Inc. 1.17% 4,054 $1.4M No change
FCX Freeport-McMoran Inc. 1.10% 25,799 $1.3M No change
GPC Genuine Parts Co. 1.07% 10,335 $1.3M Reduce -2.6%
AWK American Water Works Co. Inc. 1.04% 9,475 $1.2M Reduce -0.4%
MDLZ Mondelez International Inc. Class A 1.02% 22,530 $1.2M Reduce -5.4%
VOO Vanguard S&P 500 ETF 1.02% 1,931 $1.2M Reduce -4.0%
WMT Walmart Inc. 1.00% 10,733 $1.2M Reduce -0.0%
BA The Boeing Co. 0.99% 5,451 $1.2M Reduce -2.7%
GEV GE Vernova Inc. 0.98% 1,784 $1.2M Reduce -2.8%
CVX Chevron Corp. 0.96% 7,475 $1.1M Reduce -8.8%
VCSH Vanguard S/T Corp. Bond ETF 0.93% 13,945 $1.1M Reduce -4.1%
CAT Caterpillar Inc. 0.91% 1,895 $1.1M No change
AVGO Broadcom Inc. 0.88% 3,045 $1.1M Reduce -0.5%
FLMI Franklin Dynamic Municipal B 0.86% 41,187 $1.0M No change
LMT Lockheed Martin Corp. 0.86% 2,112 $1.0M Reduce -9.6%
XOM Exxon Mobil Corp. 0.80% 7,895 $950K Reduce -19.1%
DUK Duke Energy Corp. 0.78% 7,950 $932K No change
SPSM SS SPDR P S&P 600 Small Cap 0.73% 18,455 $865K Reduce -8.6%
WM Waste Management Inc. 0.72% 3,893 $855K No change
CWT California Water Service Grp 0.71% 19,625 $850K Reduce -7.5%
IGSB iShares 1-5Y Inv Grade Corp. 0.70% 15,795 $835K Reduce -6.2%
MP MP Materials Corp. 0.70% 16,451 $831K No change
QQQ Invesco QQQ Trust Series 1 0.69% 1,335 $820K No change
DLR Digital Realty Trust Inc. 0.64% 4,961 $768K No change
HVT Haverty Furniture 0.60% 30,522 $713K No change
SO The Southern Co. 0.56% 7,648 $667K Reduce -13.1%
HCC Warrior Met Coal Inc. 0.52% 6,963 $614K No change
GIS General Mills Inc. 0.51% 13,140 $611K No change
ABBV Abbvie Inc. 0.51% 2,660 $608K Reduce -3.1%
LLY Eli Lilly & Co. 0.50% 555 $596K No change
MSI Motorola Solutions Inc. 0.48% 1,481 $568K No change
CP Canadian Pacific Kansas City 0.43% 7,039 $518K No change
ITA iShares U.S. Aerospace & Def 0.42% 2,337 $502K No change
MA Mastercard Inc. Class A 0.42% 875 $500K No change
INTC Intel Corp. 0.40% 12,816 $473K Reduce -32.3%
XLE SS Energy Select Sector 0.40% 10,540 $471K Reduce -6.7%
XLI SS Industrial Select Sector 0.39% 3,010 $467K No change
TSLA Tesla Inc. 0.39% 1,030 $463K No change
VZ Verizon Communications Inc. 0.36% 10,671 $435K No change
CPB The Campbell's Company 0.36% 15,580 $434K No change
SCHG Schwab US Large-Cap Growth 0.36% 13,270 $433K Add +0.7%
HII Huntington Ingalls Industrie 0.35% 1,222 $416K Add +11.6%
SHEL Shell PLC-ADR 0.35% 5,611 $412K No change
BAM Brookfield Asset Mgmt-A 0.34% 7,830 $410K No change
IEFA iShares Core MSCI Eafe ETF 0.34% 4,585 $410K No change
ESS Essex Property Trust Inc. 0.34% 1,564 $409K Reduce -8.9%
ETN Eaton Corp. PLC 0.34% 1,255 $400K No change
NVS Novartis AG-Sponsored ADR 0.33% 2,865 $395K Reduce -2.0%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.33% 1,327 $393K No change
AEP American Electric Power 0.33% 3,390 $391K Reduce -11.7%
IEMG iShares Core MSCI Emerging 0.33% 5,804 $390K New
DE Deere & Co. 0.32% 815 $379K Reduce -4.1%
HON Honeywell International Inc. 0.31% 1,900 $371K Reduce -3.3%
PFF iShares Preferred & Income S 0.31% 11,800 $365K Reduce -1.6%
IYF iShares US Financials ETF 0.30% 2,775 $358K No change
VIS Vanguard Industrials ETF 0.30% 1,190 $355K No change
BIPC Brookfield Infrastructure-A 0.28% 7,455 $338K Reduce -2.7%
MCO Moody's Corp. 0.28% 645 $329K Reduce -6.5%
EWC iShares MSCI Canada ETF 0.27% 6,052 $326K No change
LIN Linde PLC 0.27% 764 $326K Reduce -5.5%
GH Guardant Health Inc. 0.27% 3,185 $325K New
CLX Clorox Company 0.27% 3,185 $321K No change
VB Vanguard Most SM-Cap ETF-Usd 0.27% 1,225 $316K Reduce -0.8%
PFE Pfizer Inc. 0.24% 11,475 $286K No change
XLF SS Financial Select Sector 0.22% 4,855 $266K No change
MMM 3M Co. 0.22% 1,635 $262K No change
CL Colgate-Palmolive Co. 0.22% 3,310 $262K No change
AXP American Express Co. 0.21% 686 $254K No change
CMCSA Comcast Corp. Class A 0.20% 8,164 $244K No change
GSL Global Ship Lease Inc. Class A 0.20% 6,805 $238K New
DHR Danaher Corp. 0.20% 1,020 $233K Reduce -18.3%
GWW WW Grainger Inc. 0.19% 230 $232K No change
BMRC Bank of Marin Bancorp filed as BANK MARIN BANCORP 0.19% 8,542 $222K No change
META Meta Platforms Inc. Class A 0.18% 320 $211K No change
FISV Fiserv Inc. 0.17% 3,015 $203K New
HPQ HP Inc. 0.17% 9,081 $202K No change

Show all 102 holdings

Portfolio Sells Q3 2025 → Q4 2025
BX Blackstone Inc. Reduce -1.0% 6.74% −1.00
KMB Kimberly-Clark Corp. Sold out 0.00% −0.50
MSFT Microsoft Corp. Reduce -3.0% 3.73% −0.49
PG The Procter & Gamble Co. Reduce -3.2% 2.38% −0.32
DIS The Walt Disney Co. Sold out 0.00% −0.31
MDLZ Mondelez International Inc. Class A Reduce -5.4% 1.02% −0.26
NKE Nike Inc. Class B Sold out 0.00% −0.26
GPC Genuine Parts Co. Reduce -2.6% 1.07% −0.20
EFX Equifax Inc. Sold out 0.00% −0.18
PM Philip Morris International Reduce -8.2% 1.36% −0.18
NVDA Nvidia Corp. Reduce -8.8% 1.37% −0.17
COST Costco Wholesale Corp. Reduce -0.7% 1.46% −0.16
SO The Southern Co. Reduce -13.1% 0.56% −0.16
XOM Exxon Mobil Corp. Reduce -19.1% 0.80% −0.15
INTC Intel Corp. Reduce -32.3% 0.40% −0.15
LMT Lockheed Martin Corp. Reduce -9.6% 0.86% −0.15
CVX Chevron Corp. Reduce -8.8% 0.96% −0.14
VGT Vanguard Info Tech ETF Reduce -0.7% 5.54% −0.13
CWT California Water Service Grp Reduce -7.5% 0.71% −0.13
AWK American Water Works Co. Inc. Reduce -0.4% 1.04% −0.10
SPSM SS SPDR P S&P 600 Small Cap Reduce -8.6% 0.73% −0.08
BRK.B Berkshire Hathaway Inc. Class B Reduce -1.8% 1.59% −0.07
IGSB iShares 1-5Y Inv Grade Corp. Reduce -6.2% 0.70% −0.07
VCSH Vanguard S/T Corp. Bond ETF Reduce -4.1% 0.93% −0.07
GE General Electric Reduce -2.6% 2.36% −0.07
LIN Linde PLC Reduce -5.5% 0.27% −0.06
ESS Essex Property Trust Inc. Reduce -8.9% 0.34% −0.05
XLY SS Consumer Disc Select Sect Reduce -0.6% 1.41% −0.05
JPM JPMorgan Chase & Co. Reduce -1.1% 3.27% −0.05
BA The Boeing Co. Reduce -2.7% 0.99% −0.05
HON Honeywell International Inc. Reduce -3.3% 0.31% −0.05
VOO Vanguard S&P 500 ETF Reduce -4.0% 1.02% −0.04
AEP American Electric Power Reduce -11.7% 0.33% −0.04
XLE SS Energy Select Sector Reduce -6.7% 0.40% −0.04
ABBV Abbvie Inc. Reduce -3.1% 0.51% −0.04
PFF iShares Preferred & Income S Reduce -1.6% 0.31% −0.02
DHR Danaher Corp. Reduce -18.3% 0.20% −0.02
DE Deere & Co. Reduce -4.1% 0.32% −0.02
CSX CSX Corp. Reduce -0.2% 1.80% −0.01
MCO Moody's Corp. Reduce -6.5% 0.28% −0.01
VB Vanguard Most SM-Cap ETF-Usd Reduce -0.8% 0.27% −0.01
GEV GE Vernova Inc. Reduce -2.8% 0.98% +0.01
NVS Novartis AG-Sponsored ADR Reduce -2.0% 0.33% +0.01
BIPC Brookfield Infrastructure-A Reduce -2.7% 0.28% +0.01
AVGO Broadcom Inc. Reduce -0.5% 0.88% +0.02
BIP Brookfield Infrastructure Pa Reduce -1.5% 1.49% +0.02
BAC Bank of America Corp. Reduce -1.3% 2.06% +0.05
WMT Walmart Inc. Reduce -0.0% 1.00% +0.05
AAPL Apple Inc. Reduce -1.2% 3.40% +0.09
JNJ Johnson & Johnson Reduce -0.5% 1.65% +0.12

Portfolio Buys Q3 2025 → Q4 2025
AMZN Amazon.com Inc. New 3.76% +3.76
IEMG iShares Core MSCI Emerging New 0.33% +0.33
GH Guardant Health Inc. New 0.27% +0.27
GSL Global Ship Lease Inc. Class A New 0.20% +0.20
FISV Fiserv Inc. New 0.17% +0.17
HII Huntington Ingalls Industrie Add +11.6% 0.35% +0.08
SCHG Schwab US Large-Cap Growth Add +0.7% 0.36% +0.00
SCHD Schwab US DVD Equity ETF Add +0.2% 1.19% −0.02

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