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Asset One Wealth Management LLC — 13F Holdings & Portfolio

CIK 2110759 · latest 13F-HR filed 2026-08-13

Backtest portfolio

Asset One Wealth Management LLC manages $947.7M in 13F-reported U.S. long-equity assets across 347 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are MSFT (4.01%), AAPL (3.57%), OUNZ (3.23%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 31 new positions and exited 21; 139 existing positions rose in reported value and 85 fell.

AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.

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AUM
$947.7M

Long-equity book

Holdings
347

Distinct positions

Period
2026-06-30

Filed 2026-08-13

Q/Q Activity
+31 / −21 / ↑139 / ↓85

vs 2026-03-31

Portfolio charts

Latest quarter's book, what changed, and how the portfolio has evolved across filings.

Portfolio map

Q2 26
MSFT4.0% · +3%AAPL3.6% · +1%OUNZ3.2% · +3%QQQM3.0% · +15%BILS2.7% · +7%VOO2.7% · +4%QQQ2.3% · -14%NVDA2.3% · +1%BIL2.3% · -4%SCHD1.8% · -7%AMZN1.6% · +1%SGDM1.5% · +2%PSLV1.4% · +4%PHYS1.3% · +7%AMD1.3% · +3%META1.2% · +23%IWM1.2% · +9%SIL1.1% · +2%AMAT1.1% · -3%GOOGL1.0% · +2%AVGO1.0% · -0%GOOG1.0% · +2%ASML1.0% · +1%VXUS1.0% · +4%TCAF1.0% · -2%REMX0.9% · +10%VOX0.9% · -0%VGT0.8% · +25%IVW0.8% · -1%CAT0.8% · +1%TSM0.8% · +0%LLY0.8% · +7%CMI0.7% · +1%LNG0.7% · +0%JPM0.7% · +5%GDX0.7% · +6%ANET0.7% · +5%V0.6% · +4%SHV0.6% · -5%JQUA0.6% · -13%XLK0.6% · -4%WM0.6% · +4%SPYD0.6% · +24%GS0.6% · +4%HD0.6% · +31%DCOR0.6% · +1%COST0.6% · +7%TDVG0.6% · -1%ABBV0.5% · +7%FDL0.5% · +29%TEQI0.5% · -1%MCD0.5% · +9%MELI0.5% · +408%SGOV0.5% · +110%FEGE0.5% · +1%NXPI0.5% · +2%DUK0.5% · +7%WMT0.5% · +3%EWBC0.5% · +2%BMY0.5% · +3%

Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.

Sector mix

% of 13F value

Sectors from each company's SIC code; funds and ETFs grouped separately.

Biggest buys and sells

Q1 26 → Q2 26

Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.

13F assets and positions

3 quarters

Total reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.

Top positions over time

reported value

The eight largest current positions, valued at each quarter end.

Concentration

top 10 = 27.8%

Cumulative share of the portfolio held in the largest N positions.

Firm Profile & Key People

As of the firm’s regulatory filing dated Sep 16, 2026.

Assets Under Management
$1.25B
Discretionary
$1.25B
Employees
13
Accounts
2,183
Address
766 VALENCIA STREET
2ND FLOOR
SAN FRANCISCO, CA 94110
Phone
(415) 729-1770
Website
Name Title / Status Ownership Type
COHEN, KEVIN, MICHAEL ControlMANAGING PARTNER AND CHIEF COMPLIANCE OFFICER
since Sep 2015
5–10%Individual
DAVID STEELE FAMILY LIVING TRUST ControlMEMBER
since Mar 2020
25–50%Domestic Entity
SCHMITZ, ALEXANDER, JAMES ControlMANAGING PARTNER AND CHIEF REVENUE OFFICER
since Jan 2025
Less than 5%Individual
STEELE & VILLENA TRUST ControlMEMBER
since Mar 2020
25–50%Domestic Entity
STEELE, DAVID, GERALD ControlFOUNDER AND CHIEF EXECUTIVE OFFICER
since Sep 2015
Less than 5%Individual
STEELE, JONATHAN, EDWARD ControlFOUNDER AND CHIEF INVESTMENT OFFICER
since Sep 2015
Less than 5%Individual
2015 ALEXANDER JAMES SCHMITZ REVOCABLE TRUSTMEMBER
since Mar 2020
10–25%Domestic Entity
STEELE, DAVID, GERALD Control
Indirect owner via DAVID STEELE FAMILY LIVING TRUST
TRUSTEE, MEMBER
since Mar 2020
General partner, trustee or managerIndividual
STEELE, JONATHAN, EDWARD Control
Indirect owner via STEELE & VILLENA TRUST
TRUSTEE, MEMBER
since Mar 2020
General partner, trustee or managerIndividual
SCHMITZ, ALEXANDER, JAMES
Indirect owner via 2015 ALEXANDER JAMES SCHMITZ REVOCABLE TRUST
TRUSTEE, MEMBER
since Mar 2020
General partner, trustee or managerIndividual
VILLENA, JULIE ANNE MARIE, SAMANIEGO
Indirect owner via STEELE & VILLENA TRUST
TRUSTEE, MEMBER
since Mar 2020
General partner, trustee or managerIndividual
Ownership & leadership changes · 9 filings with changes since Apr 3, 2014

From the firm’s regulatory filings, newest first. Dates are filing dates: a filing that no longer lists someone does not say when they left.

Apr 23, 2025 filing
  • Listed againSCHMITZ, ALEXANDER, JAMES · MANAGING PARTNER AND CHIEF REVENUE OFFICER · Less than 5% · control person
Mar 4, 2025 filing
  • ChangedCOHEN, KEVIN, MICHAEL · title MEMBER, CHIEF COMPLIANCE OFFICER → MANAGING PARTNER AND CHIEF COMPLIANCE OFFICER
  • ChangedSTEELE, DAVID, GERALD · title MEMBER → FOUNDER AND CHIEF EXECUTIVE OFFICER
  • ChangedSTEELE, JONATHAN, EDWARD · title MEMBER → FOUNDER AND CHIEF INVESTMENT OFFICER
Mar 5, 2024 filing
  • Changed2015 ALEXANDER JAMES SCHMITZ REVOCABLE TRUST · ownership 5–10% → 10–25%
  • ChangedCOHEN, KEVIN, MICHAEL · title MEMBER → MEMBER, CHIEF COMPLIANCE OFFICER
  • ChangedSTEELE, JONATHAN, EDWARD · title MEMBER / CHIEF COMPLIANCE OFFICER → MEMBER
Mar 14, 2022 filing
  • ChangedCOHEN, KEVIN, MICHAEL · title MEMBER / CHIEF COMPLIANCE OFFICER → MEMBER
  • ChangedSTEELE, JONATHAN, EDWARD · title MEMBER → MEMBER / CHIEF COMPLIANCE OFFICER
Mar 26, 2021 filing
  • ChangedSCHMITZ, ALEXANDER, JAMES · indirect via 2015 ALEXANDER JAMES SCHMITZ REVOCABLE TRUST: title MEMBER → TRUSTEE, MEMBER; ownership 50–75% → General partner, trustee or manager
  • ChangedSTEELE, DAVID, GERALD · indirect via DAVID STEELE FAMILY LIVING TRUST: title MEMBER → TRUSTEE, MEMBER; ownership 50–75% → General partner, trustee or manager
  • ChangedSTEELE, JONATHAN, EDWARD · indirect via STEELE & VILLENA TRUST: title MEMBER → TRUSTEE, MEMBER; ownership 50–75% → General partner, trustee or manager
  • ChangedVILLENA, JULIE ANNE MARIE, SAMANIEGO · indirect via STEELE & VILLENA TRUST: title MEMBER → TRUSTEE, MEMBER; ownership 50–75% → General partner, trustee or manager
Mar 6, 2021 filing
  • No longer listedSCHMITZ, ALEXANDER, JAMES · MEMBER · 5–10% · listed since Sep 2015
  • Added2015 ALEXANDER JAMES SCHMITZ REVOCABLE TRUST · MEMBER · 5–10%
  • AddedDAVID STEELE FAMILY LIVING TRUST · MEMBER · 25–50% · control person
  • AddedSCHMITZ, ALEXANDER, JAMES · MEMBER · 50–75% · indirect via 2015 ALEXANDER JAMES SCHMITZ REVOCABLE TRUST
  • AddedSTEELE & VILLENA TRUST · MEMBER · 25–50% · control person
  • AddedSTEELE, DAVID, GERALD · MEMBER · 50–75% · indirect via DAVID STEELE FAMILY LIVING TRUST · control person
  • AddedSTEELE, JONATHAN, EDWARD · MEMBER · 50–75% · indirect via STEELE & VILLENA TRUST · control person
  • AddedVILLENA, JULIE ANNE MARIE, SAMANIEGO · MEMBER · 50–75% · indirect via STEELE & VILLENA TRUST
  • ChangedCOHEN, KEVIN, MICHAEL · title MEMBER → MEMBER / CHIEF COMPLIANCE OFFICER; now a control person
  • ChangedSTEELE, DAVID, GERALD · ownership 25–50% → Less than 5%
  • ChangedSTEELE, JONATHAN, EDWARD · title MEMBER, CHIEF COMPLIANCE OFFICER → MEMBER; ownership 25–50% → Less than 5%
Feb 21, 2018 filing
  • ChangedSTEELE, JONATHAN, EDWARD · title CHIEF COMPLIANCE OFFICER → MEMBER, CHIEF COMPLIANCE OFFICER
Feb 14, 2017 filing
  • ChangedSCHMITZ, ALEXANDER, JAMES · ownership 10–25% → 5–10%
Sep 4, 2015 filing
  • No longer listedFLOOD, KEITH, OWEN · CHIEF COMPLIANCE OFFICER · Less than 5% · control person · listed since Mar 2014
  • No longer listedINTERIM HOLDINGS, LLC · MEMBER · 75% or more · control person · listed since Mar 2014
  • No longer listedPKS HOLDINGS, LLC · MANAGING MEMBER · 75% or more · indirect via PRO TEM HOLDINGS, LLC · control person · listed since Apr 2013
  • No longer listedPRO TEM HOLDINGS, LLC · MANAGER · Less than 5% · control person · listed since Mar 2014
  • No longer listedPURCELL, JOHN, PETER · MEMBER · 25–50% · indirect via PKS HOLDINGS, LLC · control person · listed since Dec 1995
  • No longer listedSTAFF, MICHAEL, THEODORE · MEMBER · 25–50% · indirect via PKS HOLDINGS, LLC · control person · listed since Dec 1995
  • AddedCOHEN, KEVIN, MICHAEL · MEMBER · 5–10%
  • AddedSCHMITZ, ALEXANDER, JAMES · MEMBER · 10–25%
  • AddedSTEELE, DAVID, GERALD · MEMBER · 25–50% · control person
  • AddedSTEELE, JONATHAN, EDWARD · CHIEF COMPLIANCE OFFICER · 25–50% · control person
Apr 3, 2014 filing (earliest on record)
  • ListedFLOOD, KEITH, OWEN · CHIEF COMPLIANCE OFFICER · Less than 5% · control person
  • ListedINTERIM HOLDINGS, LLC · MEMBER · 75% or more · control person
  • ListedPKS HOLDINGS, LLC · MANAGING MEMBER · 75% or more · indirect via PRO TEM HOLDINGS, LLC · control person
  • ListedPRO TEM HOLDINGS, LLC · MANAGER · Less than 5% · control person
  • ListedPURCELL, JOHN, PETER · MEMBER · 25–50% · indirect via PKS HOLDINGS, LLC · control person
  • ListedSTAFF, MICHAEL, THEODORE · MEMBER · 25–50% · indirect via PKS HOLDINGS, LLC · control person

Quarter-over-quarter changes

Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.

Asset One Wealth Management LLC Holdings (2026-06-30)

Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).

# Issuer Symbol CUSIP Value Weight Shares Type
1 MICROSOFT CORP MSFT 594918104 $38.0M 4.01% 96,016 SH
2 APPLE INC AAPL 037833100 $33.9M 3.57% 103,362 SH
3 VANECK MERK GOLD ETF OUNZ 921078101 $30.7M 3.23% 785,998 SH
4 INVESCO EXCH TRADED FD TR II QQQM 46138G649 $28.5M 3.01% 96,404 SH
5 SPDR SERIES TRUST BILS 78468R523 $25.2M 2.66% 253,471 SH
6 VANGUARD INDEX FDS VOO 922908363 $25.1M 2.65% 36,222 SH
7 INVESCO QQQ TR QQQ 46090E103 $22.0M 2.32% 30,642 SH
8 NVIDIA CORPORATION NVDA 67066G104 $21.9M 2.31% 103,007 SH
9 SPDR SERIES TRUST BIL 78468R663 $21.9M 2.31% 238,945 SH
10 SCHWAB STRATEGIC TR SCHD 808524797 $16.6M 1.75% 513,677 SH
11 AMAZON COM INC AMZN 023135106 $15.1M 1.60% 59,400 SH
12 SPROTT ETF TRUST SGDM 85210B102 $14.7M 1.55% 239,319 SH
13 SPROTT ASSET MANAGEMENT LP PSLV 85207K107 $13.0M 1.37% 700,769 SH
14 SPROTT ASSET MANAGEMENT LP PHYS 85207H104 $12.2M 1.29% 400,299 SH
15 ADVANCED MICRO DEVICES INC AMD 007903107 $12.2M 1.29% 23,072 SH
16 META PLATFORMS INC META 30303M102 $10.9M 1.15% 16,053 SH
17 ISHARES TR IWM 464287655 $10.9M 1.15% 36,961 SH
18 GLOBAL X FDS SIL 37954Y848 $10.8M 1.14% 143,425 SH
19 APPLIED MATLS INC AMAT 038222105 $10.4M 1.10% 17,915 SH
20 ALPHABET INC GOOGL 02079K305 $9.7M 1.02% 26,116 SH
21 BROADCOM INC AVGO 11135F101 $9.5M 1.00% 24,032 SH
22 ALPHABET INC GOOG 02079K107 $9.5M 1.00% 25,568 SH
23 ASML HLDG NV ASML N07059210 $9.3M 0.98% 5,118 SH
24 VANGUARD STAR FDS VXUS 921909768 $9.1M 0.96% 106,817 SH
25 T ROWE PRICE EXCHANGE-TRADED TCAF 87283Q867 $9.0M 0.95% 215,446 SH
26 VANECK ETF TRUST REMX 92189H805 $8.8M 0.93% 114,688 SH
27 VANGUARD WORLD FD VOX 92204A884 $8.3M 0.88% 42,609 SH
28 VANGUARD WORLD FD VGT 92204A702 $8.0M 0.85% 68,877 SH
29 ISHARES TR IVW 464287309 $8.0M 0.84% 57,425 SH
30 CATERPILLAR INC CAT 149123101 $7.7M 0.81% 8,385 SH
31 TAIWAN SEMICONDUCTOR MANUFAC TSM 874039100 $7.3M 0.77% 17,403 SH
32 ELI LILLY & CO LLY 532457108 $7.1M 0.75% 6,149 SH
33 CUMMINS INC CMI 231021106 $7.1M 0.75% 10,617 SH
34 CHENIERE ENERGY INC LNG 16411R208 $6.8M 0.72% 26,669 SH
35 JPMORGAN CHASE & CO JPM 46625H100 $6.7M 0.71% 19,371 SH
36 VANECK ETF TRUST GDX 92189F106 $6.3M 0.66% 85,159 SH
37 ARISTA NETWORKS INC ANET 040413205 $6.2M 0.66% 36,219 SH
38 VISA INC V 92826C839 $6.1M 0.64% 17,201 SH
39 ISHARES TR SHV 464288679 $5.9M 0.62% 53,329 SH
40 J P MORGAN EXCHANGE TRADED F JQUA 46641Q761 $5.7M 0.61% 79,802 SH
41 SELECT SECTOR SPDR TR XLK 81369Y803 $5.7M 0.61% 31,607 SH
42 WASTE MGMT INC DEL WM 94106L109 $5.5M 0.58% 23,681 SH
43 SPDR SERIES TRUST SPYD 78468R788 $5.5M 0.58% 112,959 SH
44 GOLDMAN SACHS GROUP INC GS 38141G104 $5.5M 0.58% 4,760 SH
45 HOME DEPOT INC HD 437076102 $5.4M 0.57% 15,932 SH
46 DIMENSIONAL ETF TRUST DCOR 25434V625 $5.4M 0.57% 65,306 SH
47 COSTCO WHOLESALE CORPORATION COST 22160K105 $5.4M 0.57% 5,876 SH
48 T ROWE PRICE EXCHANGE-TRADED TDVG 87283Q404 $5.2M 0.55% 105,775 SH
49 ABBVIE INC ABBV 00287Y109 $5.2M 0.55% 21,235 SH
50 FIRST TR EXCHANGE-TRADED FD FDL 336917109 $5.0M 0.53% 99,766 SH
Filing History
Period Filed AUM Holdings Accession
2026-06-30 2026-08-13 $947.7M 347 0002110759-26-000003
2026-03-31 2026-05-13 $903.8M 336 0002110759-26-000002
2025-12-31 2026-02-17 $730.1M 275 0002110759-26-000001
Filer Information
Address
11201 SE 8TH STREET
SUITE 105
BELLEVUE, WA 98004
Phone
(425) 504-8200
Filing Manager
Asset One Wealth Management LLC
BELLEVUE, WA
Signatory
Richard Chen
CCO