MARINO, STRAM & ASSOCIATES LLC
Long book
$556.6M
Q1 2026
Positions
185
Top-10 weight
58%
concentration
Last quarter
+11.8%
SPY +14.8%
Turnover
8%
of book per quarter
Strategy in plain words
auto-generated from filingsMARINO, STRAM & ASSOCIATES LLC is a wealth-management firm allocating client money, running a $556.6M US long book across 185 positions.
The portfolio is concentrated: the top 10 names carry 58% of the portfolio. The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: VANGUARD HIGH DVD YIELD ETF, ISHARES CORE S&P 500 ETF, VANGUARD GROWTH ETF, SS SPDR S&P DIVIDEND ETF, VANGUARD VALUE ETF.
Over the last 9 quarters its long book ran on average 0.6pp per quarter behind the S&P 500, beating the index in 3 of 9 quarters. Its holdings are mechanical (indexing / client flows), so position changes carry no stock-picking signal.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+0.8%
Q2 2024
+7.8%
Q3 2024
-0.4%
Q4 2024
-0.7%
Q1 2025
+6.1%
Q2 2025
+7.1%
Q3 2025
+2.3%
Q4 2025
-0.1%
Q1 2026
+11.8%
Sector allocation
Technology 25%
Financials 18%
Healthcare 12%
Consumer discretionary 9%
Energy 8%
Utilities 8%
Consumer staples 7%
Industrials 4%
Long book by quarter
What does MARINO, STRAM own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| AAPL APPLE INC | Technology | 46.1K | $11.7M | 2.1% | -1.4% |
| JPM JPMORGAN CHASE & CO | Financials | 28.6K | $8.4M | 1.5% | +0.1% |
| MSFT MICROSOFT CORP | Technology | 20.0K | $7.4M | 1.3% | +1.1% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 12.1K | $5.8M | 1.0% | +0.5% |
| AMZN AMAZON.COM INC | Consumer discretionary | 20.3K | $4.2M | 0.8% | -1.4% |
| LMT LOCKHEED MARTIN CORP | Industrials | 6.6K | $4.0M | 0.7% | 0.0% |
| XOM EXXON MOBIL CORP | Energy | 22.0K | $3.7M | 0.7% | -0.3% |
| JNJ JOHNSON & JOHNSON | Healthcare | 14.7K | $3.6M | 0.6% | -0.4% |
| BLK BLACKROCK INC | Financials | 3.7K | $3.5M | 0.6% | +0.5% |
| KO COCA-COLA CO/THE | Consumer staples | 43.3K | $3.3M | 0.6% | +0.2% |
| GOOG ALPHABET INC-CL C | Technology | 11.4K | $3.3M | 0.6% | +0.5% |
| GOOGL ALPHABET INC-CL A | Technology | 10.4K | $3.0M | 0.5% | -1.7% |
| MRK MERCK & CO. INC. | Healthcare | 25.0K | $3.0M | 0.5% | +1.0% |
| ABBV ABBVIE INC | Healthcare | 13.7K | $3.0M | 0.5% | +1.1% |
| VZ VERIZON COMMUNICATIONS INC | Communications | 59.4K | $3.0M | 0.5% | -2.8% |
| MCD MCDONALD'S CORP | Consumer discretionary | 9.3K | $2.9M | 0.5% | -2.6% |
| LLY ELI LILLY & CO | Healthcare | 3.1K | $2.9M | 0.5% | +0.3% |
| MPC MARATHON PETROLEUM CORP | Energy | 11.6K | $2.8M | 0.5% | +1.8% |
| PG PROCTER & GAMBLE CO/THE | Other | 18.5K | $2.7M | 0.5% | -0.1% |
| AVGO BROADCOM INC | Technology | 8.3K | $2.6M | 0.5% | +6.8% |
| DUK DUKE ENERGY CORP | Utilities | 18.1K | $2.4M | 0.4% | +0.2% |
| VLO VALERO ENERGY CORP | Energy | 9.0K | $2.2M | 0.4% | +0.6% |
| ED CONSOLIDATED EDISON INC | Utilities | 19.3K | $2.2M | 0.4% | 0.0% |
| WMT WALMART INC | Consumer discretionary | 17.5K | $2.2M | 0.4% | -0.1% |
| PM PHILIP MORRIS INTERNATIONAL | Consumer staples | 12.7K | $2.1M | 0.4% | +0.1% |
| MO ALTRIA GROUP INC | Consumer staples | 30.2K | $2.0M | 0.4% | +0.1% |
| AMGN AMGEN INC | Healthcare | 5.5K | $1.9M | 0.3% | +1.1% |
| CVX CHEVRON CORP | Energy | 9.0K | $1.9M | 0.3% | +0.3% |
| NVDA NVIDIA CORP | Technology | 10.3K | $1.8M | 0.3% | +5.2% |
| WMB WILLIAMS COS INC | Utilities | 24.1K | $1.8M | 0.3% | 0.0% |
| PEP PEPSICO INC | Consumer staples | 10.8K | $1.7M | 0.3% | -3.4% |
| AEP AMERICAN ELECTRIC POWER | Utilities | 12.5K | $1.6M | 0.3% | 0.0% |
| ETR ENTERGY CORP | Utilities | 13.1K | $1.5M | 0.3% | +0.3% |
| FAST FASTENAL CO | Consumer discretionary | 29.1K | $1.4M | 0.2% | 0.0% |
| ENB ENBRIDGE INC | Energy | 24.4K | $1.3M | 0.2% | +0.1% |
| META META PLATFORMS INC-CLASS A | Technology | 2.2K | $1.3M | 0.2% | -2.3% |
| SO SOUTHERN CO/THE | Utilities | 12.9K | $1.2M | 0.2% | +0.3% |
| V VISA INC-CLASS A SHARES | Services media | 4.0K | $1.2M | 0.2% | -1.4% |
| TFC TRUIST FINANCIAL CORP | Financials | 23.9K | $1.1M | 0.2% | -0.9% |
| MA MASTERCARD INC - A | Services media | 1.9K | $963K | 0.2% | -3.6% |
| PFE PFIZER INC | Healthcare | 32.8K | $921K | 0.2% | +0.1% |
| OKE ONEOK INC | Utilities | 10.1K | $914K | 0.2% | +0.5% |
| TMO THERMO FISHER SCIENTIFIC INC | Other | 1.7K | $851K | 0.2% | +0.1% |
| CSCO CISCO SYSTEMS INC | Technology | 10.9K | $844K | 0.2% | +2.6% |
| PGR PROGRESSIVE CORP | Financials | 4.2K | $840K | 0.2% | +1.8% |
| RTX RTX CORP | Industrials | 4.2K | $814K | 0.1% | +1.8% |
| AXP AMERICAN EXPRESS CO | Financials | 2.6K | $796K | 0.1% | +1.9% |
| PANW PALO ALTO NETWORKS INC | Technology | 4.9K | $781K | 0.1% | -0.8% |
| C CITIGROUP INC | Financials | 6.7K | $765K | 0.1% | 0.0% |
| MDLZ MONDELEZ INTERNATIONAL INC-A | Consumer staples | 13.1K | $757K | 0.1% | -10.2% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 29, 2026 | 185 | $556.6M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 16, 2026 | 185 | $553.4M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 3, 2025 | 191 | $556.0M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 18, 2025 | 174 | $495.6M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 21, 2025 | 166 | $450.4M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 17, 2025 | 171 | $451.9M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 21, 2024 | 168 | $448.1M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 18, 2024 | 164 | $409.3M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Apr 24, 2024 | 170 | $422.3M | canonical | SEC ↗ |