WILLNER & HELLER, LLC

Registered adviser

CIK

1927796

Location

ENCINO, CA

Portfolio Value

Small $159,714,315

Diversification

Diversified

Filing Date

Global Rank

#7,219 / 8,818 ▲ 147

Top Industry

Semiconductors 22.9%

Period ended 4 months ago

Filed Jul 7, 2026 · 4mo

16 quarters · since Dec 2021

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Registered adviser

Form ADV roster, Oct 1, 2026

Form ADV adviser

CRD 135406

Roster of Oct 1, 2026

Regulatory AUM

$193,073,919

Main clients

Individuals and high net worth (97% of AUM)

Form ADV history

Monthly rosters from Dec 2019; each row is a run with the same figures, newest first.

Rosters	Regulatory AUM	Main clients
Mar 2026 to Oct 2026	$193,073,919	Individuals and high net worth (97%)
Mar 2025 to Feb 2026	$163,962,199	Individuals and high net worth (98%)
Apr 2024 to Feb 2025	$136,862,876	Individuals and high net worth (99%)
May 2023 to Mar 2024	$118,727,474	Individuals and high net worth (99%)
Apr 2023	$118,727,474	Individuals and high net worth (99%)
Apr 2022 to Mar 2023	$130,000,000	Individuals and high net worth (98%)

3 earlier changes not shown.

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2026, never from the firm's own description.

Style

Diversified active

Top 10 weight 37.9%, 42.1 effective positions, active share 56.7% against every 13F filer's combined book; it meets none of the index-like, systematic-like or concentrated tests

Turnover

Low turnover

15.7% over the last four quarters (under 30%)

Horizon

Medium horizon

Value-weighted holding period 9.8 quarters (4 to under 12)

Closest benchmark: every 13F filer's combined book, active share 56.7%; sector active share 26.9% against the combined 13F book's sector weights.

Over time 16 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

View clone backtest

Portfolio Concentration

165 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

8.7%

+0.0 pts

Top 5

25.0%

−0.9 pts

Top 10

37.9%

+0.5 pts

HHI

238

Diversified+2

Portfolio Trend

16 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Unclassified	38.7%	$61,838,751	69
Technology	29.8%	$47,590,686	27
Financial Services	10.0%	$15,965,911	18
Healthcare	6.1%	$9,755,027	15
Communication Services	4.5%	$7,227,137	7
Industrials	4.2%	$6,703,522	13
Consumer Cyclical	3.7%	$5,986,388	8
Consumer Defensive	1.7%	$2,709,472	4
Utilities	0.7%	$1,043,732	2
Basic Materials	0.3%	$484,428	1
Energy	0.3%	$409,261	1

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
IWF	iShares Russell 1000 Growth ETF	+29,268	39,027	$4,845,982
MGK	VANGUARD MEGA CAP GROWTH INDEX FUND	+18,276	22,816	$2,005,754
VUG	VANGUARD GROWTH INDEX FUND	+10,020	12,022	$1,035,575
FTSM	First Trust Enhanced Short Maturity ETF	+4,951	40,632	$2,426,949
AIS	VistaShares Artificial Intelligence Supercycle ETF	+4,529	10,941	$933,376
PIZ	Invesco Ltd.	+3,872	8,992	$502,652
VOOG	VANGUARD S&P 500 GROWTH INDEX FUND	+3,380	4,056	$335,106
BKNG	Booking Holdings Inc.	+1,692	1,744	$310,850
GDX	VanEck Gold Miners ETF	+912	4,474	$337,563
CEG	Constellation Energy Corp	+825	2,635	$654,454
MSFT	Microsoft Corp	+621	9,813	$3,660,445
PAVE	Global X U.S. Infrastructure Development ETF	+429	17,513	$1,031,865
WMT	Walmart Inc.	+274	8,785	$994,989
AIRR	First Trust Exchange-Traded Fund VI	+208	6,453	$859,862
AIQ	Global X Artificial Intelligence & Technology ETF	+185	10,887	$714,296
AUSF	Global X Adaptive U.S. Factor ETF	+180	5,811	$283,925
KO	Coca Cola Co	+180	4,043	$328,574
EME	EMCOR Group, Inc.	+155	609	$505,396
PLTR	Palantir Technologies Inc.	+143	11,553	$1,347,888
WELD		+135	4,662	$293,099
ISRG	Intuitive Surgical Inc	+125	3,510	$1,395,856
PWV	Invesco Large Cap Value ETF	+120	22,289	$1,688,837
LMT	Lockheed Martin Corp	+110	1,098	$559,387
RTX	RTX Corp	+106	1,189	$225,588
MRK	Merck & Co., Inc.	+103	7,737	$994,204
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
ABT	Abbott Laboratories	−3,810	2,368	$214,872
ARM	Arm Holdings PLC	−3,392	9,021	$3,198,575
AMD	Advanced Micro Devices Inc	−1,741	8,327	$4,837,237
NVDA	Nvidia Corp	−1,444	43,052	$8,614,274
LRCX	Lam Research Corp	−1,412	8,951	$3,878,736
NFLX	Netflix Inc	−1,210	3,892	$277,888
JSML	Janus Henderson Small Cap Growth Alpha ETF	−1,173	13,073	$1,216,508
SPYI	NEOS S&P 500(R) High Income ETF	−921	3,836	$203,653
AMAT	Applied Materials Inc	−849	4,593	$3,320,739
BALI		−846	6,397	$216,410
AXON	Axon Enterprise, Inc.	−834	478	$267,971
WCMI	First Trust WCM International Equity ETF	−745	31,491	$616,278
FVD	First Trust Value Line Dividend Index Fund	−697	11,034	$531,618
AAPL	Apple Inc.	−518	18,794	$5,438,231
BRK-B	Berkshire Hathaway Inc	−421	4,328	$2,165,687
CSX	Csx Corp	−384	9,244	$439,367
CZA	Invesco Zacks Mid-Cap ETF	−380	5,464	$669,995
MU	Micron Technology Inc	−364	788	$909,580
ORCL	Oracle Corp	−337	2,670	$391,288
—		−333	11,477	$1,680,347
T	At&T Inc.	−300	24,087	$498,600
WFC	Wells Fargo & Company	−295	4,838	$399,812
AMZN	Amazon Com Inc	−266	13,611	$3,244,045
BBSI	Barrett Business Services Inc	−237	37,666	$1,337,896
VRT	Vertiv Holdings Co	−218	2,595	$868,857
No positions match the current search.

New Positions

Positions the filer opened this quarter

11 positions

Ticker	Company	Shares	Value
VST	Vistra Corp.	2,454	$389,278
—		8,547	$358,033
STX	Seagate Technology Holdings plc	292	$281,780
LITE	Lumentum Holdings Inc.	324	$278,011
MRVL	Marvell Technology, Inc.	820	$244,269
CDNS	Cadence Design Systems Inc	647	$242,832
—		749	$217,674
TXN	Texas Instruments Inc	709	$211,331
SPY	Spdr S&P 500 ETF Trust	280	$209,095
ANET	Arista Networks, Inc.	1,230	$208,952
XBI	State Street(R) SPDR(R) S&P(R) Biotech ETF	1,284	$203,193
No positions match the current search.

Sold Out

Positions the filer fully exited

7 positions

Ticker	Company	Shares	Value
NOW	ServiceNow, Inc.	9,770	$1,021,453
CRM	Salesforce, Inc.	2,039	$380,620
MELI	Mercadolibre Inc	192	$331,971
XOM	ExxonMobil Holdings Corp	1,725	$292,663
REGN	Regeneron Pharmaceuticals, Inc.	311	$240,291
QLYS	Qualys, Inc.	2,400	$210,840
EQT	EQT Corp	3,144	$200,084
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

165 tracked positions · $159,714,315 total · filing declares 165 positions · $159,713,407 · as of Jun 30, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Technology Utilities

Showing 1–50 of 165 positions by value · page 1 of 4

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
NVDA	Nvidia Corp Technology	Reduced	43,052	-1,444	$8,614,274	+11.0%	11	before history	5.39%
RDVY	First Trust Rising Dividend Achievers ETF	Reduced	67,620	-158	$5,481,277	+18.4%	11	before history	3.43%
AAPL	Apple Inc. Technology	Reduced	18,794	-518	$5,438,231	+11.0%	11	before history	3.40%
IWF	iShares Russell 1000 Growth ETF	Added	39,027	+29,268	$4,845,982	+16.5%	11	before history	3.03%
AMD	Advanced Micro Devices Inc Technology	Reduced	8,327	-1,741	$4,837,237	+136.2%	11	before history	3.03%
LRCX	Lam Research Corp Technology	Reduced	8,951	-1,412	$3,878,736	+75.2%	7	unpriced	2.43%
MSFT	Microsoft Corp Technology	Added	9,813	+621	$3,660,445	+7.6%	11	before history	2.29%
GOOGL	Alphabet Inc. Communication Services	Reduced	10,222	-102	$3,653,036	+23.0%	11	before history	2.29%
AMAT	Applied Materials Inc Technology	Reduced	4,593	-849	$3,320,739	+78.5%	11	before history	2.08%
AMZN	Amazon Com Inc Consumer Cyclical	Reduced	13,611	-266	$3,244,045	+12.2%	11	before history	2.03%
ARM	Arm Holdings PLC Technology	Reduced	9,021	-3,392	$3,198,575	+70.3%	9	$134.32	2.00%
CATY	Cathay General Bancorp Financial Services	Added	42,004	+31	$2,603,827	+24.4%	11	before history	1.63%
FTSM	First Trust Enhanced Short Maturity ETF	Added	40,632	+4,951	$2,426,949	+13.8%	11	before history	1.52%
GS	Goldman Sachs Group Inc Financial Services	Added	2,323	+5	$2,349,412	+19.8%	11	before history	1.47%
AVGO	Broadcom Inc. Technology	Reduced	6,070	-152	$2,292,942	+19.1%	11	before history	1.44%
BRK-B	Berkshire Hathaway Inc Financial Services	Reduced	4,328	-421	$2,165,687	−4.8%	11	before history	1.36%
QQQ	Invesco Qqq Trust, Series 1	Reduced	2,731	-33	$2,011,108	+26.1%	11	before history	1.26%
MGK	VANGUARD MEGA CAP GROWTH INDEX FUND	Added	22,816	+18,276	$2,005,754	—	11	before history	1.26%
JPM	Jpmorgan Chase & Co Financial Services	Added	5,762	+35	$1,886,075	+12.0%	11	before history	1.18%
ASML	Asml Holding NV Technology	Reduced	940	-22	$1,870,073	+47.2%	11	before history	1.17%
PWV	Invesco Large Cap Value ETF	Added	22,289	+120	$1,688,837	+9.3%	11	before history	1.06%
		Reduced	11,477	-333	$1,680,347	+11.1%	11	before history	1.05%
IYW	iShares, Inc.	Reduced	6,372	-118	$1,607,209	+36.5%	11	before history	1.01%
IJT	iShares S&P Small-Cap 600 Growth ETF	Added	8,982	+14	$1,604,185	+23.6%	11	before history	1.00%
SLYG	State Street(R) SPDR(R) S & P 600(TM) Small Cap Growth ETF	Added	13,173	+26	$1,569,299	+23.5%	3	$94.56	0.98%
FTNT	Fortinet, Inc. Technology	Reduced	9,940	-150	$1,526,982	+85.2%	11	before history	0.96%
ABBV	AbbVie Inc. Healthcare	Added	5,852	+43	$1,472,597	+16.6%	11	before history	0.92%
ISRG	Intuitive Surgical Inc Healthcare	Added	3,510	+125	$1,395,856	−10.5%	11	before history	0.87%
VBK	VANGUARD SMALL-CAP GROWTH INDEX FUND	Added	3,769	+3	$1,378,323	+21.1%	11	before history	0.86%
PLTR	Palantir Technologies Inc. Technology	Added	11,553	+143	$1,347,888	−19.2%	8	$85.53	0.84%
BBSI	Barrett Business Services Inc Industrials	Reduced	37,666	-237	$1,337,896	+21.0%	11	before history	0.84%
DFAT	Dimensional U.S. Targeted Value ETF	Added	18,910	+41	$1,321,809	+12.2%	6	$56.03	0.83%
V	Visa Inc. Financial Services	Reduced	3,846	-45	$1,319,524	+12.2%	11	before history	0.83%
FAD	First Trust Multi Cap Growth AlphaDEX Fund	Reduced	6,502	-21	$1,300,204	+25.4%	11	before history	0.81%
IJH	iShares Core S&P Mid-Cap ETF	Added	15,912	+38	$1,226,974	+14.5%	11	before history	0.77%
CRWD	CrowdStrike Holdings, Inc. Technology	Reduced	1,605	-128	$1,224,839	+81.0%	11	before history	0.77%
JSML	Janus Henderson Small Cap Growth Alpha ETF	Reduced	13,073	-1,173	$1,216,508	+21.9%	11	before history	0.76%
FYC	First Trust Small Cap Growth AlphaDEX Fund	Reduced	9,093	-124	$1,157,902	+29.5%	11	before history	0.72%
TSM	Taiwan Semiconductor Manufacturing Co Ltd Technology	Added	2,373	+3	$1,133,273	+41.5%	9	$168.81	0.71%
LLY	ELI LILLY & Co Healthcare	Added	917	+9	$1,099,877	+31.7%	11	before history	0.69%
VOE	VANGUARD MID-CAP VALUE INDEX FUND	Added	5,491	+15	$1,085,021	+7.5%	11	before history	0.68%
VUG	VANGUARD GROWTH INDEX FUND	Added	12,022	+10,020	$1,035,575	+18.4%	11	before history	0.65%
PAVE	Global X U.S. Infrastructure Development ETF	Added	17,513	+429	$1,031,865	+18.9%	11	before history	0.65%
VUSE	Vident U.S. Equity Strategy ETF	Added	13,897	+13	$1,004,975	+15.2%	9	$57.27	0.63%
WMT	Walmart Inc. Consumer Defensive	Added	8,785	+274	$994,989	−5.9%	11	before history	0.62%
MRK	Merck & Co., Inc. Healthcare	Added	7,737	+103	$994,204	+8.3%	11	before history	0.62%
APP	AppLovin Corp Communication Services	Reduced	1,878	-6	$967,601	+29.0%	5	$450.27	0.61%
IMCG	iShares Morningstar Mid-Cap Growth ETF	Added	9,805	+11	$963,831	+24.9%	11	before history	0.60%
SPYG	State Street(R) SPDR(R) Portfolio S&P 500(R) Growth ETF	Reduced	8,084	-90	$961,915	+20.2%	11	before history	0.60%
VIG	Vanguard Specialized Funds	Reduced	4,011	-133	$949,082	+6.5%	11	before history	0.59%

Showing the top 50 of 165 positions. Create a free account to see every position, past quarters, search, filters and CSV export.

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.