Crabel Capital Management, LLC
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), Crabel Capital Management, LLC reported 37 stock positions worth $30.8 million. Its top holding was Ishr Ibx Usd Hiyld CB ETF-Ui (HYG) at 10.7% of the portfolio, followed by SS SPDR BB High Yield Bond (JNK, 9.4%) and iShares JP Morgan Usd Emergi (EMB, 8.6%). Compared with Q3 2024, it opened 8 new positions, sold out of 19, added to 3 and reduced 26. The biggest buy was iShares MSCI Emerging Market (EEM, shares +64%) and the biggest sale iShares Core U.S. Aggregate (AGG, shares −93%).
- Most Recent 13F
- Q2 2026
- Location
- MILWAUKEE, WI
- CIK
- 0001536557
- Portfolio Value
- $30.8M (Q4 2024)
- SEC Filing
- 0001104659-25-013551 ↗ filed Feb 14, 2025
Holdings Value
Holdings 37 stocks · $30.8M
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | 10.68% | 41,796 | $3.3M | Reduce -57.8% |
| JNK SS SPDR BB High Yield Bond | 9.40% | 30,303 | $2.9M | Reduce -66.1% |
| EMB iShares JP Morgan Usd Emergi | 8.65% | 29,898 | $2.7M | Reduce -57.8% |
| BKLN Invesco Senior Loan ETF | 6.75% | 98,700 | $2.1M | Reduce -25.3% |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | 5.25% | 15,131 | $1.6M | Reduce -70.0% |
| MUB iShares National Muni Bond E | 5.22% | 15,081 | $1.6M | Reduce -44.0% |
| SJNK SS SPDR BB St Hi Yield ETF | 5.14% | 62,696 | $1.6M | Reduce -81.6% |
| TIP iShares Tips Bond ETF | 3.91% | 11,305 | $1.2M | Reduce -85.6% |
| FLOT iShares Floating Rate Bond E | 3.53% | 21,351 | $1.1M | Reduce -20.2% |
| VCIT Vanguard Int-Term Corporate | 3.23% | 12,379 | $994K | Reduce -84.2% |
| VTEB Vanguard Tax-Exempt Bond ETF | 2.97% | 18,224 | $914K | Reduce -54.2% |
| VTI VG Morningstar TS MKT ETF-US | 1.96% | 2,085 | $604K | Reduce -0.8% |
| AGG iShares Core U.S. Aggregate | 1.85% | 5,892 | $571K | Reduce -92.9% |
| TLT iShares 20+ Year Treasury BD | 1.79% | 6,299 | $550K | Reduce -82.4% |
| EEM iShares MSCI Emerging Market | 1.76% | 12,985 | $543K | Add +64.0% |
| HYD Vaneck High Yield Muni ETF | 1.66% | 9,843 | $511K | Reduce -69.2% |
| GDXJ Vaneck Junior Gold Miners | 1.61% | 11,609 | $496K | Reduce -61.5% |
| EMLC Vaneck JPM Em Local Curr BND | 1.61% | 21,432 | $495K | Reduce -81.8% |
| SHYG iShares 0-5 YR HY Corp. Bond | 1.57% | 11,370 | $484K | Reduce -74.5% |
| VZ Verizon Communications Inc. | 1.45% | 11,183 | $447K | New |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 1.44% | 10,118 | $445K | New |
| WMT Walmart Inc. | 1.44% | 4,918 | $444K | New |
| ADBE Adobe Inc. | 1.44% | 999 | $444K | Add +92.9% |
| HD Home Depot Inc. | 1.44% | 1,141 | $444K | New |
| MSFT Microsoft Corp. | 1.43% | 1,048 | $442K | New |
| BND Vanguard Total Bond Market | 1.43% | 6,114 | $440K | Reduce -93.9% |
| BNDX Vanguard Total Intl Bond ETF | 1.41% | 8,834 | $433K | Reduce -86.9% |
| IEI iShares 3-7 Year Treasury Bo | 1.30% | 3,464 | $400K | Reduce -87.5% |
| IEF iShares 7-10 Year Treasury B | 1.28% | 4,268 | $395K | Reduce -90.0% |
| GOVT iShares US Treasury Bond ETF | 1.26% | 16,833 | $387K | Reduce -93.4% |
| PFF iShares Preferred & Income S | 1.05% | 10,239 | $322K | Reduce -94.7% |
| PEP Pepsico Inc. | 0.87% | 1,761 | $268K | Reduce -62.6% |
| PG The Procter & Gamble Co. | 0.87% | 1,595 | $267K | Add +3.3% |
| WFC Wells Fargo & Co. | 0.87% | 3,798 | $267K | New |
| C Citigroup Inc. | 0.87% | 3,786 | $266K | New |
| AMZN Amazon.com Inc. | 0.86% | 1,208 | $265K | New |
| FLRN SS SPDR BB Ig Float RT ETF | 0.74% | 7,426 | $228K | Reduce -44.4% |
Portfolio Sells Q3 2024 → Q4 2024
| AGG iShares Core U.S. Aggregate | Reduce -92.9% | 1.85% | −4.05 |
| BND Vanguard Total Bond Market | Reduce -93.9% | 1.43% | −3.90 |
| WTPI Wisdomtree Equity Premium Inc. | Sold out | 0.00% | −3.56 |
| PFF iShares Preferred & Income S | Reduce -94.7% | 1.05% | −3.45 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Sold out | 0.00% | −3.23 |
| GOVT iShares US Treasury Bond ETF | Reduce -93.4% | 1.26% | −2.93 |
| TIP iShares Tips Bond ETF | Reduce -85.6% | 3.91% | −2.18 |
| MBB iShares MBS ETF | Sold out | 0.00% | −1.74 |
| IEF iShares 7-10 Year Treasury B | Reduce -90.0% | 1.28% | −1.67 |
| VTIP Vanguard Short-Term Tips | Sold out | 0.00% | −1.40 |
| VCIT Vanguard Int-Term Corporate | Reduce -84.2% | 3.23% | −1.39 |
| SCHZ Schwab US Aggregate Bond ETF | Sold out | 0.00% | −1.30 |
| GDX Vaneck Gold Miners ETF | Sold out | 0.00% | −1.29 |
| SPAB SS SPDR P Agg Bond ETF | Sold out | 0.00% | −1.22 |
| IEI iShares 3-7 Year Treasury Bo | Reduce -87.5% | 1.30% | −1.02 |
| SJNK SS SPDR BB St Hi Yield ETF | Reduce -81.6% | 5.14% | −1.02 |
| BNDX Vanguard Total Intl Bond ETF | Reduce -86.9% | 1.41% | −0.97 |
| VCSH Vanguard S/T Corp. Bond ETF | Sold out | 0.00% | −0.92 |
| VMBS Vanguard Mortgage-Backed Sec | Sold out | 0.00% | −0.69 |
| TLT iShares 20+ Year Treasury BD | Reduce -82.4% | 1.79% | −0.69 |
| TFI SS SPDR N Ice Muni Bond ETF | Sold out | 0.00% | −0.57 |
| PGX Invesco Preferred ETF | Sold out | 0.00% | −0.55 |
| BSV Vanguard Short-Term Bond ETF | Sold out | 0.00% | −0.50 |
| EMLC Vaneck JPM Em Local Curr BND | Reduce -81.8% | 1.61% | −0.49 |
| JNJ Johnson & Johnson | Sold out | 0.00% | −0.38 |
| SHV iShares 0-1 Year Treasury Bo | Sold out | 0.00% | −0.27 |
| PCY Invesco Emerging Markets Sov | Sold out | 0.00% | −0.26 |
| MINT PIMCO Enhanced Short Maturit | Sold out | 0.00% | −0.24 |
| SHY iShares 1-3 Year Treasury Bo | Sold out | 0.00% | −0.21 |
| BRK.B Berkshire Hathaway Inc. Class B | Sold out | 0.00% | −0.19 |
| VGSH Vanguard Short-Term Treasury | Sold out | 0.00% | −0.16 |
| SHYG iShares 0-5 YR HY Corp. Bond | Reduce -74.5% | 1.57% | +0.21 |
| PEP Pepsico Inc. | Reduce -62.6% | 0.87% | +0.31 |
| FLRN SS SPDR BB Ig Float RT ETF | Reduce -44.4% | 0.74% | +0.45 |
| HYD Vaneck High Yield Muni ETF | Reduce -69.2% | 1.66% | +0.47 |
| GDXJ Vaneck Junior Gold Miners | Reduce -61.5% | 1.61% | +0.58 |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | Reduce -70.0% | 5.25% | +1.24 |
| VTEB Vanguard Tax-Exempt Bond ETF | Reduce -54.2% | 2.97% | +1.54 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -0.8% | 1.96% | +1.54 |
| FLOT iShares Floating Rate Bond E | Reduce -20.2% | 3.53% | +2.57 |
| MUB iShares National Muni Bond E | Reduce -44.0% | 5.22% | +3.16 |
| JNK SS SPDR BB High Yield Bond | Reduce -66.1% | 9.40% | +3.24 |
| EMB iShares JP Morgan Usd Emergi | Reduce -57.8% | 8.65% | +3.99 |
| BKLN Invesco Senior Loan ETF | Reduce -25.3% | 6.75% | +4.80 |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | Reduce -57.8% | 10.68% | +5.09 |
Portfolio Buys Q3 2024 → Q4 2024
| EEM iShares MSCI Emerging Market | Add +64.0% | 1.76% | +1.51 |
| VZ Verizon Communications Inc. | New | 1.45% | +1.45 |
| BAC Bank of America Corp. | New | 1.44% | +1.44 |
| WMT Walmart Inc. | New | 1.44% | +1.44 |
| HD Home Depot Inc. | New | 1.44% | +1.44 |
| MSFT Microsoft Corp. | New | 1.43% | +1.43 |
| ADBE Adobe Inc. | Add +92.9% | 1.44% | +1.25 |
| WFC Wells Fargo & Co. | New | 0.87% | +0.87 |
| C Citigroup Inc. | New | 0.87% | +0.87 |
| AMZN Amazon.com Inc. | New | 0.86% | +0.86 |
| PG The Procter & Gamble Co. | Add +3.3% | 0.87% | +0.68 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 51 | $136.9M | HYG, JNK, EMB, AGG, VCIT |
| Q1 2026 | 18 | $10.8M | HYG, ORCL, UNH, DIS, MSFT |
| Q4 2025 | 48 | $132.3M | HYG, JNK, SJNK, EMB, AGG |
| Q3 2025 | 53 | $111.7M | HYG, JNK, VCIT, LQD, SJNK |
| Q2 2025 | 48 | $163.3M | HYG, JNK, VCIT, TIP, EMB |
| Q1 2025 | 44 | $92.6M | AGG, TIP, GOVT, VCIT, HYG |
| Q4 2024 | 37 | $30.8M | HYG, JNK, EMB, BKLN, LQD |
| Q3 2024 | 48 | $142.2M | SJNK, JNK, TIP, AGG, HYG |
| Q2 2024 | 36 | $81.4M | WTPI, HYG, JNK, TIP, AGG |
| Q1 2024 | 58 | $115.0M | WTPI, VCSH, JNK, SJNK, EMB |