Kitching Partners, LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 14, 2025), Kitching Partners, LLC reported 34 stock positions worth $86.7 million. Its top holding was Vanguard Dividend Apprec ETF (VIG) at 16.8% of the portfolio, followed by SS SPDR S&P Dividend ETF (SDY, 11.2%) and Vanguard Ultra Short Bond Et (VUSB, 11.1%). Compared with Q4 2024, it opened 7 new positions, sold out of 4, added to 16 and reduced 6. The biggest buy was Vanguard S&P 500 ETF (VOO, shares +49%) and the biggest sale iShares 0-5 YR HY Corp. Bond (SHYG, shares −0%).
- Most Recent 13F
- Q2 2026
- Location
- CONSHOHOCKEN, PA
- CIK
- 0002010145
- Portfolio Value
- $86.7M (Q1 2025)
- SEC Filing
- 0002010145-25-000002 ↗ filed May 14, 2025
Holdings Value
Holdings 34 stocks · $86.7M
| VIG Vanguard Dividend Apprec ETF | 16.77% | 74,984 | $14.5M | Add +9.4% |
| SDY SS SPDR S&P Dividend ETF | 11.24% | 71,834 | $9.7M | Add +11.7% |
| VUSB Vanguard Ultra Short Bond Et | 11.13% | 193,677 | $9.7M | Add +0.6% |
| SHYG iShares 0-5 YR HY Corp. Bond | 10.52% | 214,639 | $9.1M | Reduce -0.3% |
| VEA Vanguard Ftse Developed ETF | 9.42% | 160,783 | $8.2M | Add +13.0% |
| VOO Vanguard S&P 500 ETF | 8.50% | 14,339 | $7.4M | Add +49.1% |
| IAU iShares Gold Trust | 6.93% | 101,963 | $6.0M | Add +8.4% |
| VGLT Vanguard Long-Term Treasury | 5.03% | 75,661 | $4.4M | Add +0.8% |
| VWOB Vanguard Emerg MKTS Gov BND | 4.96% | 67,065 | $4.3M | Add +0.9% |
| VWO Vanguard Ftse Emerging Marke | 4.13% | 79,202 | $3.6M | Add +16.8% |
| VUG Vanguard Mrngstar GR ETF-Sui | 1.30% | 3,029 | $1.1M | Add +100.5% |
| KMLM Kraneshares MT LC MN FT Id S | 1.21% | 38,545 | $1.1M | Reduce -10.7% |
| VTV Vanguard Mrngstr Val ETF-Aui | 1.08% | 5,439 | $939K | Add +11.7% |
| AMZN Amazon.com Inc. | 0.92% | 4,179 | $795K | Reduce -2.0% |
| NVDA Nvidia Corp. | 0.76% | 6,067 | $658K | Add +11.5% |
| MSFT Microsoft Corp. | 0.60% | 1,391 | $522K | Reduce -7.0% |
| NN Nextnav Inc. | 0.56% | 40,193 | $489K | No change |
| AAPL Apple Inc. | 0.47% | 1,820 | $404K | No change |
| VB Vanguard Most SM-Cap ETF-Usd | 0.42% | 1,635 | $362K | Add +0.4% |
| HDV iShares Core High Dividend E | 0.38% | 2,701 | $327K | Reduce -0.3% |
| EBC Eastern Bankshares Inc. | 0.38% | 19,902 | $326K | Add +0.8% |
| CSX CSX Corp. | 0.37% | 10,850 | $319K | Add +0.4% |
| PM Philip Morris International | 0.33% | 1,817 | $288K | Reduce -13.6% |
| FISV Fiserv Inc. | 0.32% | 1,253 | $277K | No change |
| PHG Koninklijke Philips NVR- NY | 0.32% | 10,802 | $274K | No change |
| UNH Unitedhealth Group Inc. | 0.29% | 485 | $254K | New |
| SCHW Schwab (charles) Corp. | 0.27% | 2,987 | $234K | New |
| SHW The Sherwin-Williams Co. | 0.26% | 647 | $226K | New |
| AXP American Express Co. | 0.26% | 828 | $223K | New |
| VGSH Vanguard Short-Term Treasury | 0.25% | 3,752 | $220K | Add +0.7% |
| AVGO Broadcom Inc. | 0.25% | 1,292 | $216K | New |
| SILJ Amplify Junior Silver Miners | 0.18% | 12,583 | $153K | New |
| ORLA Orla Mining Ltd. filed as ORLA MNG LTD NEW | 0.13% | 12,018 | $112K | No change |
| BBAI Bigbear.ai Holdings Inc. | 0.07% | 20,410 | $58K | New |
Other holdings (1): bonds, preferreds, convertibles and warrants · $205K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| NNAVW Nextnav Inc. | *W EXP 99/99/999 | 46,649 | $205K | No change |
Total filed on the 13F, all lines: $86.9M.
Portfolio Sells Q4 2024 → Q1 2025
| SHYG iShares 0-5 YR HY Corp. Bond | Reduce -0.3% | 10.52% | −1.25 |
| KMLM Kraneshares MT LC MN FT Id S | Reduce -10.7% | 1.21% | −0.34 |
| GOOGL Alphabet Inc. Class A | Sold out | 0.00% | −0.33 |
| APLD Applied Digital Corp. | Sold out | 0.00% | −0.30 |
| AMZN Amazon.com Inc. | Reduce -2.0% | 0.92% | −0.28 |
| CRM Salesforce Inc. | Sold out | 0.00% | −0.28 |
| MSFT Microsoft Corp. | Reduce -7.0% | 0.60% | −0.21 |
| NVAX Novavax Inc. | Sold out | 0.00% | −0.11 |
| HDV iShares Core High Dividend E | Reduce -0.3% | 0.38% | −0.01 |
| PM Philip Morris International | Reduce -13.6% | 0.33% | +0.01 |
Portfolio Buys Q4 2024 → Q1 2025
| VOO Vanguard S&P 500 ETF | Add +49.1% | 8.50% | +1.85 |
| IAU iShares Gold Trust | Add +8.4% | 6.93% | +0.95 |
| VEA Vanguard Ftse Developed ETF | Add +13.0% | 9.42% | +0.69 |
| VUG Vanguard Mrngstar GR ETF-Sui | Add +100.5% | 1.30% | +0.50 |
| SDY SS SPDR S&P Dividend ETF | Add +11.7% | 11.24% | +0.33 |
| VWO Vanguard Ftse Emerging Marke | Add +16.8% | 4.13% | +0.30 |
| UNH Unitedhealth Group Inc. | New | 0.29% | +0.29 |
| SCHW Schwab (charles) Corp. | New | 0.27% | +0.27 |
| SHW The Sherwin-Williams Co. | New | 0.26% | +0.26 |
| AXP American Express Co. | New | 0.26% | +0.26 |
| AVGO Broadcom Inc. | New | 0.25% | +0.25 |
| SILJ Amplify Junior Silver Miners | New | 0.18% | +0.18 |
| BBAI Bigbear.ai Holdings Inc. | New | 0.07% | +0.07 |
| VTV Vanguard Mrngstr Val ETF-Aui | Add +11.7% | 1.08% | +0.03 |
| VGSH Vanguard Short-Term Treasury | Add +0.7% | 0.25% | −0.02 |
| EBC Eastern Bankshares Inc. | Add +0.8% | 0.38% | −0.06 |
| CSX CSX Corp. | Add +0.4% | 0.37% | −0.08 |
| VB Vanguard Most SM-Cap ETF-Usd | Add +0.4% | 0.42% | −0.08 |
| NVDA Nvidia Corp. | Add +11.5% | 0.76% | −0.18 |
| VGLT Vanguard Long-Term Treasury | Add +0.8% | 5.03% | −0.31 |
| VWOB Vanguard Emerg MKTS Gov BND | Add +0.9% | 4.96% | −0.42 |
| VIG Vanguard Dividend Apprec ETF | Add +9.4% | 16.77% | −0.46 |
| VUSB Vanguard Ultra Short Bond Et | Add +0.6% | 11.13% | −1.13 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 40 | $116.4M | VIG, VEA, VUSB, SDY, SHYG |
| Q1 2026 | 39 | $108.5M | VIG, VEA, VUSB, SHYG, SDY |
| Q4 2025 | 41 | $109.3M | VIG, VEA, VUSB, SHYG, SDY |
| Q3 2025 | 39 | $105.9M | VIG, VEA, SDY, VUSB, VOO |
| Q2 2025 | 34 | $98.2M | VIG, VEA, VUSB, SDY, SHYG |
| Q1 2025 | 34 | $86.7M | VIG, SDY, VUSB, SHYG, VEA |
| Q4 2024 | 31 | $77.9M | VIG, VUSB, SHYG, SDY, VEA |
| Q3 2024 | 27 | $74.5M | VIG, VUSB, SHYG, SDY, VEA |
| Q2 2024 | 20 | $55.0M | VIG, VEA, SHYG, SDY, VGLT |
| Q1 2024 | 18 | $52.7M | VIG, VEA, SHYG, SDY, VGLT |