WEATHERLY ASSET MANAGEMENT L P's Q4 2025 13F: 10 new positions, 4 exits

Form 13F-HR for the quarter ended Dec 31, 2025 · filed Jan 16, 2026 · 190 reported positions · accession 0000934745-26-000002

View the filing on SEC.gov

What changed this quarter

Activity Security Weight before Weight now Change Shares Shares %
Reduced ELI LILLY & CO (LLY) 17.9% 22.7% +4.7 pts −11,244 sh −4%
Increased FIDELITY MERRIMACK STR TR (FBND) 3.2% 3.1% −0.1 pts +42,252 sh +5%
Increased J P MORGAN EXCHANGE TRADED F (JMST) 2.9% 2.8% −0.1 pts +25,812 sh +4%
Increased SSGA ACTIVE ETF TR (TOTL) 2.0% 2.0% 0.0 pts +32,121 sh +5%
Reduced APPLE INC (AAPL) 7.0% 6.9% −0.1 pts −4,240 sh −1%
Reduced NETFLIX INC (NFLX) 4.1% 2.9% −1.2 pts −9,409 sh −2%
Increased FIDELITY COVINGTON TRUST (FHLC) 1.6% 1.7% +0.1 pts +11,607 sh +4%
Reduced NVIDIA CORPORATION (NVDA) 2.1% 1.9% −0.2 pts −4,535 sh −3%
Reduced CYBERARK SOFTWARE LTD (CYBR) 2.0% 1.7% −0.3 pts −1,845 sh −4%
Increased WALMART INC (WMT) 0.5% 0.6% +0.1 pts +6,707 sh +11%
Increased VANGUARD WHITEHALL FDS (VIGI) 2.0% 2.0% 0.0 pts +7,232 sh +3%
Reduced MICROSOFT CORP (MSFT) 4.3% 3.7% −0.6 pts −1,334 sh −1%
Increased RTX CORPORATION (RTX) 0.3% 0.4% +0.1 pts +3,474 sh +15%
Increased COCA COLA CO (KO) 0.6% 0.6% 0.0 pts +8,450 sh +8%
Reduced DISNEY WALT CO (DIS) 0.6% 0.5% −0.1 pts −4,742 sh −8%
Reduced STARBUCKS CORP (SBUX) 0.6% 0.5% −0.1 pts −6,203 sh −7%
Increased ZSCALER INC (ZS) 0.5% 0.4% −0.1 pts +2,110 sh +11%
Increased BROADCOM INC (AVGO) 0.4% 0.4% 0.0 pts +1,332 sh +9%
Reduced AMAZON COM INC (AMZN) 4.1% 4.0% −0.1 pts −1,991 sh −1%
Reduced ALPHABET INC (GOOGL) 2.1% 2.5% +0.4 pts −1,455 sh −1%
New PROFESIONALLY MANAGED PORTFO (AKRE)
new — newly listed security (e.g. spin-off)
 — 0.0% 0.0 pts +6,301 sh new
Increased CONOCOPHILLIPS (COP) 0.5% 0.5% 0.0 pts +4,259 sh +7%
Increased CONSTELLATION ENERGY CORP (CEG) 0.3% 0.3% 0.0 pts +1,076 sh +11%
New SCHWAB STRATEGIC TR (FNDX) — 0.0% 0.0 pts +13,142 sh new
New VANGUARD CALIF TAX FREE FDS (VTEC) — 0.0% 0.0 pts +3,432 sh new
Exited PIMCO ETF TR (MINT) 0.0% — 0.0 pts −3,116 sh −100%
Increased VISA INC (V) 1.5% 1.5% 0.0 pts +915 sh +2%
Increased DIGITAL RLTY TR INC (DLR) 0.7% 0.6% −0.1 pts +2,056 sh +4%
Increased SPDR SERIES TRUST (XBI) 1.3% 1.5% +0.2 pts +2,486 sh +2%
New SANDISK CORP (SNDK) — 0.0% 0.0 pts +1,271 sh new
New MICRON TECHNOLOGY INC (MU) — 0.0% 0.0 pts +1,036 sh new
New SCHWAB STRATEGIC TR (SCHX) — 0.0% 0.0 pts +10,645 sh new
Increased META PLATFORMS INC (META) 0.6% 0.5% −0.1 pts +415 sh +4%
Increased CORNING INC (GLW) 0.5% 0.5% 0.0 pts +3,086 sh +4%
Reduced BERKSHIRE HATHAWAY INC DEL (BRK-B) 0.4% 0.4% 0.0 pts −536 sh −5%
Exited MARATHON PETE CORP (MPC) 0.0% — 0.0 pts −1,283 sh −100%
Reduced ALPHABET INC (GOOG) 0.5% 0.6% +0.1 pts −829 sh −3%
Increased NUTRIEN LTD (NTR) 0.2% 0.2% 0.0 pts +4,081 sh +9%
Exited PFIZER INC (PFE) 0.0% — 0.0 pts −9,282 sh −100%
Reduced PAYPAL HLDGS INC (PYPL) 0.2% 0.2% −0.1 pts −4,286 sh −10%
Increased ISHARES TR (ITOT) 1.9% 1.8% −0.1 pts +1,669 sh +1%
New BLUEROCK PVT REAL ESTATE FD (BPRE)
new — newly listed security (e.g. spin-off)
 — 0.0% 0.0 pts +16,387 sh new
Increased J P MORGAN EXCHANGE TRADED F (JPST) 2.1% 2.0% −0.1 pts +4,773 sh +1%
New SCHWAB STRATEGIC TR (SCHF) — 0.0% 0.0 pts +9,861 sh new
New APPLIED MATLS INC (AMAT) — 0.0% 0.0 pts +881 sh new
Reduced INVESCO ACTIVELY MANAGED EXC (GSY) 0.1% 0.1% 0.0 pts −4,465 sh −25%
Exited MONDELEZ INTL INC (MDLZ) 0.0% — 0.0 pts −3,321 sh −100%
Increased INVESCO EXCH TRADED FD TR II (CGW) 2.1% 2.0% −0.2 pts +3,495 sh +1%
Reduced JOHNSON & JOHNSON (JNJ) 0.5% 0.5% 0.0 pts −1,062 sh −4%
Increased DEERE & CO (DE) 0.6% 0.5% 0.0 pts +463 sh +3%

The 50 largest of 167 changes, by size of the trade. Full holdings for this quarter.

Reported by the fund in its Form 13F filed with the SEC; holdings are as of the quarter-end report date and may have changed since. For informational purposes only — not investment advice or a recommendation to buy or sell any security. FilingExplorer is not affiliated with or endorsed by this fund. How this brief is compiled

† Security identifier (CUSIP) changed — read as one continuing position, not an exit and a new position:

  • UNILEVER PLC (UL): 904767704 → 904767803, 17,048 → 15,169 shares (share count changed with the identifier; not shown as a trade)
  • TOTALENERGIES SE (TTE): 89151E109 → F92124100, 59,553 → 58,458 shares (share count changed with the identifier; not shown as a trade)

Top 10 positions — 52.5% of the equity book

Changes in the top 10 this quarter: GOOGL entered · VIGI entered · COST left · CGW left

# Security Weight before Weight now
1 ELI LILLY & CO (LLY) 17.9% 22.7%
2 APPLE INC (AAPL) 7.0% 6.9%
3 AMAZON COM INC (AMZN) 4.1% 4.0%
4 MICROSOFT CORP (MSFT) 4.3% 3.7%
5 FIDELITY MERRIMACK STR TR (FBND) 3.2% 3.1%
6 NETFLIX INC (NFLX) 4.1% 2.9%
7 J P MORGAN EXCHANGE TRADED F (JMST) 2.9% 2.8%
8 ALPHABET INC (GOOGL) 2.1% 2.5% Entered the top 10
9 J P MORGAN EXCHANGE TRADED F (JPST) 2.1% 2.0%
10 VANGUARD WHITEHALL FDS (VIGI) 2.0% 2.0% Entered the top 10
— COSTCO WHSL CORP NEW (COST) 2.1% 1.9% Left the top 10
— INVESCO EXCH TRADED FD TR II (CGW) 2.1% 2.0% Left the top 10

Weights are each position's reported value as a share of the fund's reported equity positions (options and principal-amount holdings excluded).