WULFF, HANSEN & CO.

Fundamental diversified ★Signal CIK 108634
League rank
#401
in Fundamental diversified · #4530 overall
Long book
$97.9M
Q1 2026
Positions
98
Top-10 weight
32%
concentration
Last quarter
+10.2%
SPY +14.8%
Turnover
8%
of book per quarter

Strategy in plain words

auto-generated from filings

WULFF, HANSEN & CO. is a diversified fundamental manager, running a $97.9M US long book across 98 positions.

The portfolio is moderately concentrated (top 10 ≈ 32% of the book). The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: AMAZON.COM INC, RTX CORP, APPLE INC, JPMORGAN CHASE & CO, MICROSOFT CORP.

Over the last 9 quarters its long book ran on average 0.6pp per quarter behind the S&P 500, beating the index in 4 of 9 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.

Implied long-book return vs S&P 500

methodology: positions priced quarterly, no shorts/options
Fund long book S&P 500
Q1 2024
+1.1%
Q2 2024
+8.3%
Q3 2024
+1.5%
Q4 2024
-3.0%
Q1 2025
+8.5%
Q2 2025
+8.7%
Q3 2025
+1.6%
Q4 2025
-2.3%
Q1 2026
+10.2%

Sector allocation

Industrials
22%
Technology
14%
Consumer discretionary
14%
Financials
10%
Healthcare
8%
Utilities
7%
Consumer staples
5%
Services media
4%

Long book by quarter

$100.2M
Q1 2024
$101.3M
Q2 2024
$110.4M
Q3 2024
$105.7M
Q4 2024
$109.7M
Q1 2025
$116.8M
Q2 2025
$116.2M
Q3 2025
$119.2M
Q4 2025
$97.9M
Q1 2026

What does WULFF, HANSEN own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
AMZN AMAZON.COM INCConsumer discretionary19.7K$4.1M4.2%+1.5%
RTX RTX CORPIndustrials21.2K$4.1M4.2%Held
AAPL APPLE INCTechnology15.0K$3.8M3.9%+0.3%
JPM JPMORGAN CHASE & COFinancials12.1K$3.6M3.6%Held
MSFT MICROSOFT CORPTechnology9.4K$3.5M3.6%+2.3%
PG PROCTER & GAMBLE CO/THEOther19.6K$2.8M2.9%-0.9%
GE GENERAL ELECTRICIndustrials9.2K$2.6M2.7%+0.4%
CSX CSX CORPIndustrials58.3K$2.4M2.4%-1.2%
JNJ JOHNSON & JOHNSONHealthcare9.4K$2.3M2.3%-0.9%
BAC BANK OF AMERICA CORPFinancials44.1K$2.2M2.2%-1.2%
MRK MERCK & CO. INC.Healthcare17.5K$2.1M2.2%Held
COST COSTCO WHOLESALE CORPConsumer discretionary2.0K$2.0M2.1%+1.4%
BN BROOKFIELD CORPReal estate49.2K$2.0M2.0%Held
BRK/B BERKSHIRE HATHAWAY INC-CL BFinancials3.8K$1.8M1.9%+1.6%
PM PHILIP MORRIS INTERNATIONALConsumer staples10.0K$1.7M1.7%-0.6%
GEV GE VERNOVA INCIndustrials1.8K$1.6M1.6%Held
V VISA INC-CLASS A SHARESServices media5.1K$1.5M1.6%+0.2%
CVX CHEVRON CORPEnergy7.4K$1.5M1.6%-1.6%
FCX FREEPORT-MCMORAN INCMaterials25.8K$1.5M1.5%Held
NVDA NVIDIA CORPTechnology8.5K$1.5M1.5%-2.7%
XOM EXXON MOBIL CORPEnergy7.9K$1.3M1.4%Held
WMT WALMART INCConsumer discretionary10.7K$1.3M1.4%Held
HD HOME DEPOT INCConsumer discretionary4.1K$1.3M1.4%Held
AWK AMERICAN WATER WORKS CO INCUtilities9.5K$1.3M1.3%Held
LMT LOCKHEED MARTIN CORPIndustrials2.1K$1.3M1.3%Held
MDLZ MONDELEZ INTERNATIONAL INC-AConsumer staples21.8K$1.3M1.3%-3.3%
CAT CATERPILLAR INCIndustrials1.7K$1.2M1.3%-7.9%
WLDN WILLDAN GROUP INCServices media15.4K$1.2M1.2%-12.1%
GPC GENUINE PARTS COConsumer discretionary10.4K$1.1M1.1%+0.2%
BA BOEING CO/THEIndustrials5.5K$1.1M1.1%0.0%
DUK DUKE ENERGY CORPUtilities8.0K$1.0M1.1%Held
AVGO BROADCOM INCTechnology3.0K$942K1.0%Held
WM WASTE MANAGEMENT INCUtilities3.9K$895K0.9%Held
CWT CALIFORNIA WATER SERVICE GRPUtilities19.4K$878K0.9%-1.3%
MP MP MATERIALS CORPMaterials16.5K$794K0.8%Held
SO SOUTHERN CO/THEUtilities7.4K$713K0.7%-3.5%
HCC WARRIOR MET COAL INCMaterials7.0K$649K0.7%Held
HVT HAVERTY FURNITUREConsumer discretionary30.5K$646K0.7%Held
MSI MOTOROLA SOLUTIONS INCTechnology1.5K$643K0.7%Held
ABBV ABBVIE INCHealthcare2.7K$579K0.6%Held
CP CANADIAN PACIFIC KANSAS CITYIndustrials7.0K$554K0.6%Held
VZ VERIZON COMMUNICATIONS INCCommunications10.7K$536K0.5%Held
INTC INTEL CORPTechnology11.9K$525K0.5%-7.2%
LLY ELI LILLY & COHealthcare555$510K0.5%Held
MA MASTERCARD INC - AServices media980$495K0.5%+12.0%
GIS GENERAL MILLS INCConsumer staples13.1K$489K0.5%Held
HII HUNTINGTON INGALLS INDUSTRIEIndustrials1.2K$464K0.5%Held
ETN EATON CORP PLCIndustrials1.3K$449K0.5%Held
AEP AMERICAN ELECTRIC POWERUtilities3.4K$444K0.5%Held
DE DEERE & COIndustrials785$442K0.5%-3.7%

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 7, 202698$97.9M canonicalSEC ↗
Q4 202513F-HRFeb 3, 2026102$119.2M canonicalSEC ↗
Q3 202513F-HRNov 7, 2025101$116.2M canonicalSEC ↗
Q2 202513F-HRAug 12, 2025100$116.8M canonicalSEC ↗
Q1 202513F-HRMay 14, 202598$109.7M canonicalSEC ↗
Q4 202413F-HRFeb 11, 202596$105.7M canonicalSEC ↗
Q3 202413F-HRNov 12, 202496$110.4M canonicalSEC ↗
Q2 202413F-HR/ARESTATEMENTAug 14, 202491$101.3M canonicalSEC ↗
Q2 202413F-HRAug 9, 202491$101.7M SEC ↗
Q1 202413F-HRMay 2, 202490$100.2M canonicalSEC ↗