Wernau Asset Management Inc. Long-Term Concentrated

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SPY	SPDR S&P 500 ETF TR	93,200 (+59.6%)	$63,555 (+63.4%)	34.4%	$586.11	—	PUT	78462F103
AAPL	APPLE INC	74,700 (+77.9%)	$20,308 (+89.9%)	11.0%	$234.51	+14.4%	PUT	037833100
GOOGL	ALPHABET INC	10,206 (+3.7%)	$3,195 (+33.5%)	1.7%	$178.07	+60.4%	CAP STK CL A	02079K305
BRK/B	BERKSHIRE HATHAWAY INC DEL	14,468 (+3.0%)	$7,272 (+3.0%)	3.9%	$462.78	+7.5%	CL B NEW	084670702
AMZN	AMAZON COM INC	10,188 (+3.3%)	$2,352 (+8.6%)	1.3%	$205.35	+11.4%	COM	023135106
PG	PROCTER AND GAMBLE CO	13,220 (+1.9%)	$1,895 (-4.9%)	1.0%	$165.38	-11.0%	COM	742718109
GLD	SPDR GOLD TR	2,049 (+1.0%)	$812 (+12.6%)	0.4%	$243.82	—	GOLD SHS	78463V107
VTWO	VANGUARD SCOTTSDALE FDS	22,871 (+2.2%)	$2,276 (+3.9%)	1.2%	$89.55	—	VNG RUS2000IDX	92206C664
SCHF	SCHWAB STRATEGIC TR	46,540 (+2.9%)	$1,119 (+6.2%)	0.6%	$18.65	—	INTL EQTY ETF	808524805
NFLX	NETFLIX INC	2,663 (+961.0%)	$250 (-17.2%)	0.1%	$105.41	+2.3%	COM	64110L106
UTL	UNITIL CORP	43,252 (+1.2%)	$2,095 (+2.5%)	1.1%	$57.67	-15.6%	COM	913259107
SCHD	SCHWAB STRATEGIC TR	32,016 (+2.6%)	$878 (+3.1%)	0.5%	$27.32	—	US DIVIDEND EQ	808524797
VO	VANGUARD INDEX FDS	3,822 (+2.8%)	$1,109 (+1.5%)	0.6%	$264.86	—	MID CAP ETF	922908629
VWO	VANGUARD INTL EQUITY INDEX F	17,712 (+2.2%)	$952 (+1.4%)	0.5%	$44.25	—	FTSE EMR MKT ETF	922042858
KKR	KKR & CO INC	10,773 (+1.2%)	$1,373 (-0.7%)	0.7%	$145.57	-14.6%	COM	48251W104
KMI	KINDER MORGAN INC DEL	15,364 (+1.4%)	$422 (-1.5%)	0.2%	$24.91	+8.0%	COM	49456B101
TIP	ISHARES TR	1,977 (+3.8%)	$217 (+2.6%)	0.1%	$106.67	—	TIPS BD ETF	464287176
SHY	ISHARES TR	3,990 (+1.8%)	$330 (+1.7%)	0.2%	$82.00	—	1 3 YR TREAS BD	464287457
SBUX	STARBUCKS CORP	2,525 (+2.8%)	$213 (+2.3%)	0.1%	$93.67	-10.3%	COM	855244109
ABBV	ABBVIE INC	1,238 (+2.1%)	$283 (+0.8%)	0.2%	$178.46	+27.5%	COM	00287Y109

Decreased Positions (8)

PFE PFIZER INC 0.2%

Value ($000) $311 (-65.1%) Shares 12,500 (-64.3%) Est. Cost $25.09 Unrealized -0.2%

PFE PFIZER INC 1.5%

Value ($000) $2,836 (-8.9%) Shares 113,882 (-6.8%) Est. Cost $25.09 Unrealized -0.2%

BAC BANK AMERICA CORP 2.5%

Value ($000) $4,550 (+5.5%) Shares 82,732 (-1.1%) Est. Cost $42.83 Unrealized +23.0%

SPY SPDR S&P 500 ETF TR 6.3%

Value ($000) $11,557 (+1.0%) Shares 16,948 (-1.3%) Est. Cost $586.11 Unrealized —

VZ VERIZON COMMUNICATIONS INC 0.5%

Value ($000) $879 (-10.7%) Shares 21,589 (-3.6%) Est. Cost $39.40 Unrealized +2.8%

SCHB SCHWAB STRATEGIC TR 0.4%

Value ($000) $664 (-8.4%) Shares 25,320 (-10.2%) Est. Cost $22.70 Unrealized —

VTI VANGUARD INDEX FDS 0.2%

Value ($000) $338 (-5.0%) Shares 1,009 (-6.9%) Est. Cost $328.36 Unrealized —

F FORD MTR CO 0.2%

Value ($000) $304 (-0.8%) Shares 23,184 (-9.6%) Est. Cost $9.87 Unrealized +30.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
PFE	PFIZER INC	12,500 (-64.3%)	$311 (-65.1%)	0.2%	$25.09	-0.2%	PUT	717081103
PFE	PFIZER INC	113,882 (-6.8%)	$2,836 (-8.9%)	1.5%	$25.09	-0.2%	COM	717081103
BAC	BANK AMERICA CORP	82,732 (-1.1%)	$4,550 (+5.5%)	2.5%	$42.83	+23.0%	COM	060505104
SPY	SPDR S&P 500 ETF TR	16,948 (-1.3%)	$11,557 (+1.0%)	6.3%	$586.11	—	TR UNIT	78462F103
VZ	VERIZON COMMUNICATIONS INC	21,589 (-3.6%)	$879 (-10.7%)	0.5%	$39.40	+2.8%	COM	92343V104
SCHB	SCHWAB STRATEGIC TR	25,320 (-10.2%)	$664 (-8.4%)	0.4%	$22.70	—	US BRD MKT ETF	808524102
VTI	VANGUARD INDEX FDS	1,009 (-6.9%)	$338 (-5.0%)	0.2%	$328.36	—	TOTAL STK MKT	922908769
F	FORD MTR CO	23,184 (-9.6%)	$304 (-0.8%)	0.2%	$9.87	+30.0%	COM	345370860

Unchanged Positions (21)

GOOG ALPHABET INC 3.9%

Value ($000) $7,187 Shares 22,902 Est. Cost $175.67 Unrealized +63.0%

AAPL APPLE INC 13.8%

Value ($000) $25,450 Shares 93,615 Est. Cost $234.51 Unrealized +14.4%

MSFT MICROSOFT CORP 3.3%

Value ($000) $6,141 Shares 12,697 Est. Cost $422.35 Unrealized +18.5%

T AT&T INC 1.1%

Value ($000) $2,050 Shares 82,526 Est. Cost $21.51 Unrealized +17.5%

CSCO CISCO SYS INC 0.8%

Value ($000) $1,512 Shares 19,626 Est. Cost $55.37 Unrealized +33.3%

LLY ELI LILLY & CO 0.3%

Value ($000) $469 Shares 436 Est. Cost $820.04 Unrealized +16.5%

JPM JPMORGAN CHASE & CO. 1.7%

Value ($000) $3,090 Shares 9,591 Est. Cost $228.03 Unrealized +35.7%

XOM EXXON MOBIL CORP 0.4%

Value ($000) $658 Shares 5,464 Est. Cost $112.36 Unrealized +2.8%

SAM BOSTON BEER INC 0.3%

Value ($000) $488 Shares 2,500 Est. Cost $301.80 Unrealized -31.7%

IBM INTERNATIONAL BUSINESS MACHS 0.4%

Value ($000) $696 Shares 2,348 Est. Cost $216.31 Unrealized +38.1%

NLY ANNALY CAPITAL MANAGEMENT IN 0.1%

Value ($000) $239 Shares 10,687 Est. Cost $18.30 Unrealized —

PBA PEMBINA PIPELINE CORP 0.1%

Value ($000) $212 Shares 5,572 Est. Cost $39.30 Unrealized -2.1%

DIS DISNEY WALT CO 0.6%

Value ($000) $1,095 Shares 9,625 Est. Cost $103.52 Unrealized +5.8%

IWB ISHARES TR 0.2%

Value ($000) $396 Shares 1,060 Est. Cost $322.16 Unrealized —

EEM ISHARES TR 0.2%

Value ($000) $298 Shares 5,440 Est. Cost $41.82 Unrealized —

ED CONSOLIDATED EDISON INC 0.3%

Value ($000) $515 Shares 5,184 Est. Cost $94.78 Unrealized +4.2%

IWF ISHARES TR 0.3%

Value ($000) $536 Shares 1,132 Est. Cost $401.58 Unrealized —

XLF SELECT SECTOR SPDR TR 0.2%

Value ($000) $335 Shares 6,122 Est. Cost $48.33 Unrealized —

QQQ INVESCO QQQ TR 0.1%

Value ($000) $215 Shares 350 Est. Cost $600.37 Unrealized —

NVDA NVIDIA CORPORATION 0.4%

Value ($000) $708 Shares 3,797 Est. Cost $136.74 Unrealized +36.1%

SCHX SCHWAB STRATEGIC TR 0.1%

Value ($000) $207 Shares 7,692 Est. Cost $26.34 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
GOOG	ALPHABET INC	22,902	$7,187	3.9%	$175.67	+63.0%	CAP STK CL C	02079K107
AAPL	APPLE INC	93,615	$25,450	13.8%	$234.51	+14.4%	COM	037833100
MSFT	MICROSOFT CORP	12,697	$6,141	3.3%	$422.35	+18.5%	COM	594918104
T	AT&T INC	82,526	$2,050	1.1%	$21.51	+17.5%	COM	00206R102
CSCO	CISCO SYS INC	19,626	$1,512	0.8%	$55.37	+33.3%	COM	17275R102
LLY	ELI LILLY & CO	436	$469	0.3%	$820.04	+16.5%	COM	532457108
JPM	JPMORGAN CHASE & CO.	9,591	$3,090	1.7%	$228.03	+35.7%	COM	46625H100
XOM	EXXON MOBIL CORP	5,464	$658	0.4%	$112.36	+2.8%	COM	30231G102
SAM	BOSTON BEER INC	2,500	$488	0.3%	$301.80	-31.7%	CL A	100557107
IBM	INTERNATIONAL BUSINESS MACHS	2,348	$696	0.4%	$216.31	+38.1%	COM	459200101
NLY	ANNALY CAPITAL MANAGEMENT IN	10,687	$239	0.1%	$18.30	—	COM NEW	035710839
PBA	PEMBINA PIPELINE CORP	5,572	$212	0.1%	$39.30	-2.1%	COM	706327103
DIS	DISNEY WALT CO	9,625	$1,095	0.6%	$103.52	+5.8%	COM	254687106
IWB	ISHARES TR	1,060	$396	0.2%	$322.16	—	RUS 1000 ETF	464287622
EEM	ISHARES TR	5,440	$298	0.2%	$41.82	—	MSCI EMG MKT ETF	464287234
ED	CONSOLIDATED EDISON INC	5,184	$515	0.3%	$94.78	+4.2%	COM	209115104
IWF	ISHARES TR	1,132	$536	0.3%	$401.58	—	RUS 1000 GRW ETF	464287614
XLF	SELECT SECTOR SPDR TR	6,122	$335	0.2%	$48.33	—	STATE STREET FIN	81369Y605
QQQ	INVESCO QQQ TR	350	$215	0.1%	$600.37	—	UNIT SER 1	46090E103
NVDA	NVIDIA CORPORATION	3,797	$708	0.4%	$136.74	+36.1%	COM	67066G104
SCHX	SCHWAB STRATEGIC TR	7,692	$207	0.1%	$26.34	—	US LRG CAP ETF	808524201