Stembrook Asset Management, LLC

Portfolio Overview

Stembrook Asset Management, LLC disclosed 51 positions worth $115.8M in its Form 13F-HR for Q2 2026, led by $AAPL (Apple Inc.) at 34.9% of the equity portfolio, followed by $SPY. During the quarter the fund opened 4 new positions and exited 1 and a full exit from $GERN. The portfolio is most concentrated in Other (49.3% of disclosed assets). All figures are sourced directly from Stembrook Asset Management, LLC’s Form 13F-HR filing with the SEC under CIK 2109734.

• 

  Apple Inc.

  $AAPL

  76.4#84

  Quality

  $40.4M139,603 sh
• 

  SPDR S&P 500 ETF TRUST

  $SPY

  —

  Quality

  $19.3M25,873 sh

• VANGUARD TAX-MANAGED FDS - VAN FTSE DEV MKT

  —

  Quality

  $10.1M141,696 sh

• VANGUARD BD INDEX FDS - TOTAL BND MRKT

  —

  Quality

  $8.6M116,839 sh

• VANGUARD MUN BD FDS - TAX EXEMPT BD

  —

  Quality

  $6.9M136,900 sh

• VANGUARD INDEX FDS - EXTEND MKT ETF

  —

  Quality

  $3.5M14,222 sh
• 

  INVESCO QQQ TRUST, SERIES 1

  $QQQ

  —

  Quality

  $2.7M3,619 sh
• 

  Alphabet Inc.

  $GOOG

  78.2

  Quality

  $2.1M5,810 sh

• BAILLIE GIFFORD ETF TR - LNG TRM GLBL GRW

  —

  Quality

  $1.8M49,811 sh

• VANGUARD INDEX FDS - SM CP VAL ETF

  —

  Quality

  $1.5M6,047 sh

Company	Quality	Value	Shares
Apple Inc.$AAPL	76.4#84	$40.4M	139,603
SPDR S&P 500 ETF TRUST$SPY	—	$19.3M	25,873
VANGUARD TAX-MANAGED FDS - VAN FTSE DEV MKT	—	$10.1M	141,696
VANGUARD BD INDEX FDS - TOTAL BND MRKT	—	$8.6M	116,839
VANGUARD MUN BD FDS - TAX EXEMPT BD	—	$6.9M	136,900
VANGUARD INDEX FDS - EXTEND MKT ETF	—	$3.5M	14,222
INVESCO QQQ TRUST, SERIES 1$QQQ	—	$2.7M	3,619
Alphabet Inc.$GOOG	78.2	$2.1M	5,810
BAILLIE GIFFORD ETF TR - LNG TRM GLBL GRW	—	$1.8M	49,811
VANGUARD INDEX FDS - SM CP VAL ETF	—	$1.5M	6,047

Showing top 10 of 51 holdings.

Full Holdings — Stembrook Asset Management, LLC (Q2 2026)

All 51 disclosed positions from the latest Form 13F-HR, with quarter-over-quarter share changes and 13F Pro quality scores. Sourced from SEC EDGAR.

#	Ticker	Company	Value	Weight	QoQ	Quality
1	$AAPL	Apple Inc.	$40.4M	34.9%	-0%	76.4
2	$SPY	SPDR S&P 500 ETF TRUST	$19.3M	16.7%	-1%	—
3	—	VANGUARD TAX-MANAGED FDS - VAN FTSE DEV MKT	$10.1M	8.7%	-4%	—
4	—	VANGUARD BD INDEX FDS - TOTAL BND MRKT	$8.6M	7.4%	+2%	—
5	—	VANGUARD MUN BD FDS - TAX EXEMPT BD	$6.9M	6.0%	-3%	—
6	—	VANGUARD INDEX FDS - EXTEND MKT ETF	$3.5M	3.0%	-2%	—
7	$QQQ	INVESCO QQQ TRUST, SERIES 1	$2.7M	2.3%	-8%	—
8	$GOOG	Alphabet Inc.	$2.1M	1.8%	+0%	78.2
9	—	BAILLIE GIFFORD ETF TR - LNG TRM GLBL GRW	$1.8M	1.5%	NEW	—
10	—	VANGUARD INDEX FDS - SM CP VAL ETF	$1.5M	1.3%	-5%	—
11	$BRK.B	BERKSHIRE HATHAWAY INC	$1.4M	1.2%	-1%	73.8
12	—	VANGUARD INTL EQUITY INDEX F - FTSE EMR MKT ETF	$1.4M	1.2%	-2%	—
13	$MSFT	MICROSOFT CORP	$936,281	0.8%	+0%	79.8
14	$AMD	ADVANCED MICRO DEVICES INC	$780,744	0.7%	+0%	79.8
15	$INTC	INTEL CORP	$731,522	0.6%	+0%	45.6
16	$COF	CAPITAL ONE FINANCIAL CORP	$702,170	0.6%	+0%	62.4
17	$MPC	Marathon Petroleum Corp	$653,493	0.6%	+0%	61
18	—	SCHWAB STRATEGIC TR - US LRG CAP ETF	$641,633	0.6%	+0%	—
19	$CSCO	CISCO SYSTEMS, INC.	$621,716	0.5%	+0%	70.3
20	$UMBF	UMB FINANCIAL CORP	$609,443	0.5%	+0%	77.3
21	$AMZN	AMAZON COM INC	$604,669	0.5%	+0%	68.7
22	$JNJ	JOHNSON & JOHNSON	$599,116	0.5%	+0%	69
23	$JPM	JPMORGAN CHASE & CO	$490,995	0.4%	+0%	70.7
24	$WMT	Walmart Inc.	$482,148	0.4%	+0%	60.2
25	$LLY	ELI LILLY & Co	$480,972	0.4%	+0%	87.5
26	$GD	GENERAL DYNAMICS CORP	$436,778	0.4%	+0%	68.7
27	$XOM.R34088	EXXON MOBIL CORP	$433,950	0.4%	+2%	57.9
28	$UNP	UNION PACIFIC CORP	$422,416	0.4%	+0%	69.7
29	—	SCHWAB STRATEGIC TR - INTL EQTY ETF	$419,018	0.4%	-0%	—
30	$NVDA	NVIDIA CORP	$359,562	0.3%	+0%	85.9
31	$ABBV	AbbVie Inc.	$356,574	0.3%	+0%	72.6
32	$ORCL	ORACLE CORP	$352,307	0.3%	+0%	66.2
33	$AXP	AMERICAN EXPRESS CO	$347,721	0.3%	+0%	69.4
34	$LMT	LOCKHEED MARTIN CORP	$339,301	0.3%	+0%	65.6
35	$PH	Parker-Hannifin Corp	$322,780	0.3%	+0%	65.8
36	$LOW	LOWES COMPANIES INC	$318,388	0.3%	+0%	60.8
37	$SPGI	S&P Global Inc.	$311,962	0.3%	+0%	76.1
38	$SBUX	STARBUCKS CORP	$306,570	0.3%	+0%	58.2
39	—	SCHWAB STRATEGIC TR - US SML CAP ETF	$277,262	0.2%	-4%	—
40	$RTX	RTX Corp	$268,468	0.2%	+0%	73.2
41	$MRK	Merck & Co., Inc.	$262,140	0.2%	+0%	59.9
42	$PM	Philip Morris International Inc.	$257,978	0.2%	+0%	75.9
43	$KO	COCA COLA CO	$248,768	0.2%	+0%	69.5
44	$PGR	PROGRESSIVE CORP/OH/	$246,864	0.2%	+0%	80.1
45	$PFE	PFIZER INC	$245,400	0.2%	+0%	62
46	$CMI	CUMMINS INC	$242,492	0.2%	NEW	58.1
47	$PG	PROCTER & GAMBLE Co	$226,999	0.2%	+0%	64.6
48	$ADP	AUTOMATIC DATA PROCESSING INC	$226,862	0.2%	+0%	69.8
49	$CVX	CHEVRON CORP	$220,793	0.2%	+0%	62.8
50	$GWW	W.W. GRAINGER, INC.	$217,664	0.2%	NEW	61.8
51	$VLO	VALERO ENERGY CORP/TX	$205,748	0.2%	NEW	57.8