Wernau Asset Management Inc.
Wernau Asset Management Inc. is an independent investment adviser headquartered in Gloucester, Massachusetts, United States. Founded in 2004 by Peter C. Wernau, the firm manages portfolios using a value and GARP (growth at a reasonable price) methodology for individuals, high-net-worth clients, and charitable organizations. With 2 employees, the firm provides discretionary and non-discretionary investment advice, portfolio management, and research-driven equity and fixed-income allocations. The founder, Peter Wernau, has additional experience in the family office and venture investing space, and the firm is notably active in its local community.
Investment Strategy
Wernau Asset Management employs a combination of value and growth-at-a-reasonable-price (GARP) investment strategies, focusing on fundamental research to determine the intrinsic value and price targets of potential equity investments by forecasting future earnings and free cash flow, seeking to invest in securities trading below their estimated discounted valuations. The firm also incorporates cyclical and technical analysis, and evaluates debt instruments for repayment and interest risk, utilizing a broad array of research sources. Portfolio management is customized to client objectives, allocating assets among mutual funds, ETFs, individual stocks, bonds, and options, and utilizing both discretionary and non-discretionary mandates.
Top Holdings
Equity Positions (43)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
A AAPL | APPLE INC | 13.58% | $19.5M | 95,228 | $250.42 | $205.17 | -$3.2M |
S SPY | SPDR S&P 500 ETF TR | 7.47% | $10.8M | 17,408 | $586.08 | $617.85 | +$760.9K |
B BRK-B | BERKSHIRE HATHAWAY INC DEL | 4.90% | $7.0M | 14,504 | $453.28 | $485.77 | -$1.9M |
M MSFT | MICROSOFT CORP | 4.42% | $6.4M | 12,797 | $421.50 | $497.41 | +$1.2M |
G GOOG | ALPHABET INC | 2.99% | $4.3M | 24,224 | $190.44 | $177.39 | -$451.5K |
Options Positions (3)
| Ticker | Security | Action | Type | Notional Value | Contracts | Underlying Price | Premium Paid | Change (Contracts) | Change (Value) |
|---|---|---|---|---|---|---|---|---|---|
S SPY | SPDR S&P 500 ETF TR | Bought | Put | $38.9M | 629 | $617.85 | $598.52 | +269 | +$18.7M |
A AAPL | APPLE INC | Bought | Put | $16.1M | 786 | $205.17 | $231.93 | +293 | +$5.2M |
P PFE | PFIZER INC | Bought | Put | $484.8K | 200 | $24.24 | $25.09 | +100 | +$231.4K |