Crabel Capital Management, LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 13, 2025), Crabel Capital Management, LLC reported 48 stock positions worth $163.3 million. Its top holding was Ishr Ibx Usd Hiyld CB ETF-Ui (HYG) at 10.1% of the portfolio, followed by SS SPDR BB High Yield Bond (JNK, 8.3%) and Vanguard Int-Term Corporate (VCIT, 7.0%). Compared with Q1 2025, it opened 8 new positions, sold out of 4, added to 33 and reduced 6. The biggest buy was Ishr Ibx Usd Hiyld CB ETF-Ui (HYG, shares +222%) and the biggest sale St Sr Utl SL SE SPDR ETF-Usd (XLU, shares −42%).
- Most Recent 13F
- Q2 2026
- Location
- MILWAUKEE, WI
- CIK
- 0001536557
- Portfolio Value
- $163.3M (Q2 2025)
- SEC Filing
- 0001104659-25-077063 ↗ filed Aug 13, 2025
Holdings Value
Holdings 48 stocks · $163.3M
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | 10.14% | 205,222 | $16.6M | Add +222.3% |
| JNK SS SPDR BB High Yield Bond | 8.31% | 139,561 | $13.6M | Add +211.3% |
| VCIT Vanguard Int-Term Corporate | 6.98% | 137,497 | $11.4M | Add +109.0% |
| TIP iShares Tips Bond ETF | 5.47% | 81,177 | $8.9M | Add +56.6% |
| EMB iShares JP Morgan Usd Emergi | 5.46% | 96,269 | $8.9M | Add +90.2% |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | 5.41% | 80,582 | $8.8M | Add +116.6% |
| BND Vanguard Total Bond Market | 5.36% | 118,900 | $8.8M | Add +89.0% |
| AGG iShares Core U.S. Aggregate | 5.32% | 87,581 | $8.7M | Add +45.4% |
| SJNK SS SPDR BB St Hi Yield ETF | 4.32% | 276,892 | $7.1M | Add +152.9% |
| GOVT iShares US Treasury Bond ETF | 4.14% | 294,155 | $6.8M | Add +18.0% |
| IEI iShares 3-7 Year Treasury Bo | 3.59% | 49,154 | $5.9M | Add +116.4% |
| BKLN Invesco Senior Loan ETF | 3.34% | 260,418 | $5.4M | Add +149.8% |
| IEF iShares 7-10 Year Treasury B | 3.22% | 54,858 | $5.3M | Add +38.9% |
| PFF iShares Preferred & Income S | 2.94% | 156,490 | $4.8M | Add +73.4% |
| EMLC Vaneck JPM Em Local Curr BND | 2.30% | 148,221 | $3.8M | Add +33.0% |
| MBB iShares MBS ETF | 1.83% | 31,769 | $3.0M | Add +61.1% |
| MUB iShares National Muni Bond E | 1.80% | 28,063 | $2.9M | New |
| SHYG iShares 0-5 YR HY Corp. Bond | 1.61% | 61,075 | $2.6M | Add +127.0% |
| BNDX Vanguard Total Intl Bond ETF | 1.61% | 53,138 | $2.6M | Reduce -16.9% |
| TLT iShares 20+ Year Treasury BD | 1.60% | 29,672 | $2.6M | Add +18.1% |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 1.58% | 31,691 | $2.6M | Reduce -41.9% |
| FLOT iShares Floating Rate Bond E | 1.24% | 39,561 | $2.0M | Add +101.3% |
| GDX Vaneck Gold Miners ETF | 1.21% | 37,843 | $2.0M | Reduce -35.1% |
| VTIP Vanguard Short-Term Tips | 1.16% | 37,787 | $1.9M | Add +25.5% |
| SPAB SS SPDR P Agg Bond ETF | 1.06% | 67,302 | $1.7M | Add +27.8% |
| VCSH Vanguard S/T Corp. Bond ETF | 0.89% | 18,372 | $1.5M | Add +85.5% |
| VMBS Vanguard Mortgage-Backed Sec | 0.89% | 31,465 | $1.5M | Add +58.9% |
| VTEB Vanguard Tax-Exempt Bond ETF | 0.78% | 26,079 | $1.3M | Add +204.4% |
| SCHZ Schwab US Aggregate Bond ETF | 0.78% | 54,831 | $1.3M | Add +30.4% |
| GDXJ Vaneck Junior Gold Miners | 0.74% | 17,794 | $1.2M | Reduce -60.6% |
| FLRN SS SPDR BB Ig Float RT ETF | 0.51% | 27,199 | $839K | Add +32.2% |
| HYD Vaneck High Yield Muni ETF | 0.48% | 15,465 | $776K | New |
| BSV Vanguard Short-Term Bond ETF | 0.45% | 9,314 | $733K | Add +122.6% |
| EEM iShares MSCI Emerging Market | 0.42% | 14,325 | $691K | Add +6.9% |
| VTI VG Morningstar TS MKT ETF-US | 0.38% | 2,064 | $627K | Add +1.4% |
| TFI SS SPDR N Ice Muni Bond ETF | 0.38% | 13,893 | $621K | New |
| USMV iShares MSCI USA Min Vol Fac | 0.29% | 5,000 | $469K | No change |
| PCY Invesco Emerging Markets Sov | 0.26% | 21,023 | $430K | New |
| SHV iShares 0-1 Year Treasury Bo | 0.22% | 3,298 | $364K | Reduce -7.6% |
| PGX Invesco Preferred ETF | 0.22% | 31,691 | $353K | New |
| SHY iShares 1-3 Year Treasury Bo | 0.17% | 3,425 | $284K | Add +15.5% |
| PEP Pepsico Inc. | 0.17% | 2,083 | $275K | Add +13.8% |
| VZ Verizon Communications Inc. | 0.17% | 6,348 | $275K | Add +3.3% |
| KO The Coca-Cola Co. | 0.17% | 3,847 | $272K | Reduce -0.7% |
| PG The Procter & Gamble Co. | 0.16% | 1,684 | $268K | Add +2.8% |
| JNJ Johnson & Johnson | 0.16% | 1,752 | $268K | New |
| VGSH Vanguard Short-Term Treasury | 0.16% | 4,546 | $267K | New |
| ICSH iShares Ultra Short Duration | 0.13% | 4,087 | $207K | New |
Portfolio Sells Q1 2025 → Q2 2025
| XLU St Sr Utl SL SE SPDR ETF-Usd | Reduce -41.9% | 1.58% | −3.06 |
| GDXJ Vaneck Junior Gold Miners | Reduce -60.6% | 0.74% | −2.05 |
| BNDX Vanguard Total Intl Bond ETF | Reduce -16.9% | 1.61% | −1.76 |
| GDX Vaneck Gold Miners ETF | Reduce -35.1% | 1.21% | −1.69 |
| MINT PIMCO Enhanced Short Maturit | Sold out | 0.00% | −0.41 |
| MRK Merck & Co. Inc. | Sold out | 0.00% | −0.29 |
| INTC Intel Corp. | Sold out | 0.00% | −0.29 |
| MSFT Microsoft Corp. | Sold out | 0.00% | −0.29 |
| SHV iShares 0-1 Year Treasury Bo | Reduce -7.6% | 0.22% | −0.20 |
| KO The Coca-Cola Co. | Reduce -0.7% | 0.17% | −0.13 |
Portfolio Buys Q1 2025 → Q2 2025
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | Add +222.3% | 10.14% | +4.71 |
| JNK SS SPDR BB High Yield Bond | Add +211.3% | 8.31% | +3.70 |
| MUB iShares National Muni Bond E | New | 1.80% | +1.80 |
| SJNK SS SPDR BB St Hi Yield ETF | Add +152.9% | 4.32% | +1.35 |
| VCIT Vanguard Int-Term Corporate | Add +109.0% | 6.98% | +1.17 |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | Add +116.6% | 5.41% | +1.04 |
| BKLN Invesco Senior Loan ETF | Add +149.8% | 3.34% | +1.01 |
| IEI iShares 3-7 Year Treasury Bo | Add +116.4% | 3.59% | +0.69 |
| EMB iShares JP Morgan Usd Emergi | Add +90.2% | 5.46% | +0.51 |
| HYD Vaneck High Yield Muni ETF | New | 0.48% | +0.48 |
| TFI SS SPDR N Ice Muni Bond ETF | New | 0.38% | +0.38 |
| SHYG iShares 0-5 YR HY Corp. Bond | Add +127.0% | 1.61% | +0.38 |
| BND Vanguard Total Bond Market | Add +89.0% | 5.36% | +0.37 |
| VTEB Vanguard Tax-Exempt Bond ETF | Add +204.4% | 0.78% | +0.32 |
| PCY Invesco Emerging Markets Sov | New | 0.26% | +0.26 |
| PGX Invesco Preferred ETF | New | 0.22% | +0.22 |
| JNJ Johnson & Johnson | New | 0.16% | +0.16 |
| VGSH Vanguard Short-Term Treasury | New | 0.16% | +0.16 |
| FLOT iShares Floating Rate Bond E | Add +101.3% | 1.24% | +0.15 |
| ICSH iShares Ultra Short Duration | New | 0.13% | +0.13 |
| BSV Vanguard Short-Term Bond ETF | Add +122.6% | 0.45% | +0.10 |
| VCSH Vanguard S/T Corp. Bond ETF | Add +85.5% | 0.89% | +0.05 |
| PFF iShares Preferred & Income S | Add +73.4% | 2.94% | −0.05 |
| SHY iShares 1-3 Year Treasury Bo | Add +15.5% | 0.17% | −0.09 |
| VMBS Vanguard Mortgage-Backed Sec | Add +58.9% | 0.89% | −0.10 |
| PEP Pepsico Inc. | Add +13.8% | 0.17% | −0.13 |
| VZ Verizon Communications Inc. | Add +3.3% | 0.17% | −0.13 |
| PG The Procter & Gamble Co. | Add +2.8% | 0.16% | −0.14 |
| MBB iShares MBS ETF | Add +61.1% | 1.83% | −0.17 |
| FLRN SS SPDR BB Ig Float RT ETF | Add +32.2% | 0.51% | −0.17 |
| EEM iShares MSCI Emerging Market | Add +6.9% | 0.42% | −0.21 |
| VTI VG Morningstar TS MKT ETF-US | Add +1.4% | 0.38% | −0.22 |
| SCHZ Schwab US Aggregate Bond ETF | Add +30.4% | 0.78% | −0.27 |
| SPAB SS SPDR P Agg Bond ETF | Add +27.8% | 1.06% | −0.40 |
| VTIP Vanguard Short-Term Tips | Add +25.5% | 1.16% | −0.46 |
| EMLC Vaneck JPM Em Local Curr BND | Add +33.0% | 2.30% | −0.57 |
| TIP iShares Tips Bond ETF | Add +56.6% | 5.47% | −0.75 |
| IEF iShares 7-10 Year Treasury B | Add +38.9% | 3.22% | −0.85 |
| TLT iShares 20+ Year Treasury BD | Add +18.1% | 1.60% | −0.87 |
| AGG iShares Core U.S. Aggregate | Add +45.4% | 5.32% | −1.12 |
| GOVT iShares US Treasury Bond ETF | Add +18.0% | 4.14% | −2.05 |
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 |