Kitching Partners, LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 18, 2026), Kitching Partners, LLC reported 41 stock positions worth $109.3 million. Its top holding was Vanguard Dividend Apprec ETF (VIG) at 16.0% of the portfolio, followed by Vanguard Ftse Developed ETF (VEA, 12.5%) and Vanguard Ultra Short Bond Et (VUSB, 10.0%). Compared with Q3 2025, it opened 7 new positions, sold out of 5, added to 15 and reduced 12. The biggest buy was Vanguard Mrngstr Val ETF-Aui (VTV, shares +101%) and the biggest sale Vanguard S&P 500 ETF (VOO, shares −29%).
- Most Recent 13F
- Q2 2026
- Location
- CONSHOHOCKEN, PA
- CIK
- 0002010145
- Portfolio Value
- $109.3M (Q4 2025)
- SEC Filing
- 0002010145-26-000001 ↗ filed Feb 18, 2026
Holdings Value
Holdings 41 stocks · $109.3M
| VIG Vanguard Dividend Apprec ETF | 15.99% | 79,571 | $17.5M | Reduce -1.6% |
| VEA Vanguard Ftse Developed ETF | 12.46% | 218,144 | $13.6M | Add +10.3% |
| VUSB Vanguard Ultra Short Bond Et | 10.05% | 220,459 | $11.0M | Add +4.7% |
| SHYG iShares 0-5 YR HY Corp. Bond | 9.47% | 241,648 | $10.4M | Add +4.8% |
| SDY SS SPDR S&P Dividend ETF | 7.77% | 61,085 | $8.5M | Reduce -19.8% |
| IAU iShares Gold Trust | 7.34% | 98,923 | $8.0M | Reduce -7.3% |
| VOO Vanguard S&P 500 ETF | 6.85% | 11,948 | $7.5M | Reduce -28.8% |
| VWOB Vanguard Emerg MKTS Gov BND | 5.01% | 81,268 | $5.5M | Add +18.0% |
| VWO Vanguard Ftse Emerging Marke | 4.89% | 99,455 | $5.3M | Add +13.4% |
| VGLT Vanguard Long-Term Treasury | 4.07% | 79,780 | $4.5M | Add +1.4% |
| VTV Vanguard Mrngstr Val ETF-Aui | 2.93% | 16,780 | $3.2M | Add +101.4% |
| VB Vanguard Most SM-Cap ETF-Usd | 1.52% | 6,430 | $1.7M | Add +292.1% |
| LEMB iShares JP Morgan Em Local C | 1.07% | 28,203 | $1.2M | New |
| NVDA Nvidia Corp. | 0.98% | 5,740 | $1.1M | Reduce -5.4% |
| VGSH Vanguard Short-Term Treasury | 0.82% | 15,309 | $899K | Add +25.0% |
| MSFT Microsoft Corp. | 0.73% | 1,653 | $799K | Add +9.8% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.72% | 1,625 | $793K | Reduce -44.3% |
| AGG iShares Core U.S. Aggregate | 0.69% | 7,568 | $756K | New |
| AMZN Amazon.com Inc. | 0.69% | 3,271 | $755K | No change |
| NN Nextnav Inc. | 0.54% | 35,431 | $590K | Reduce -7.2% |
| AAPL Apple Inc. | 0.41% | 1,640 | $446K | Add +36.4% |
| AXP American Express Co. | 0.40% | 1,191 | $441K | Reduce -14.5% |
| KMLM Kraneshares MT LC MN FT Id S | 0.36% | 15,380 | $399K | Reduce -64.6% |
| CSX CSX Corp. | 0.36% | 10,975 | $398K | Add +0.3% |
| EBC Eastern Bankshares Inc. | 0.34% | 20,362 | $375K | Add +0.7% |
| SILJ Amplify Junior Silver Miners | 0.32% | 12,583 | $348K | No change |
| META Meta Platforms Inc. Class A | 0.31% | 520 | $343K | Reduce -0.2% |
| PM Philip Morris International | 0.30% | 2,039 | $327K | Add +8.3% |
| PHG Koninklijke Philips NVR- NY | 0.28% | 11,259 | $305K | No change |
| GOOGL Alphabet Inc. Class A | 0.27% | 960 | $300K | Reduce -31.5% |
| AVGO Broadcom Inc. | 0.24% | 760 | $263K | Add +11.6% |
| COPX Global X Copper Miners ETF | 0.23% | 3,540 | $254K | No change |
| MP MP Materials Corp. | 0.23% | 5,000 | $253K | New |
| SIL Global X Silver Miners ETF | 0.23% | 2,995 | $250K | No change |
| TSLA Tesla Inc. | 0.21% | 520 | $234K | Reduce -0.6% |
| SLV iShares Silver Trust | 0.21% | 3,555 | $229K | New |
| CPAY Corpay Inc. | 0.19% | 680 | $205K | New |
| BSX Boston Scientific Corp. | 0.18% | 2,122 | $202K | New |
| ORLA Orla Mining Ltd. filed as ORLA MNG LTD NEW | 0.15% | 12,018 | $162K | No change |
| NGD New Gold Inc. | 0.10% | 12,681 | $110K | No change |
| ABTC American Bitcoin Corp. | 0.03% | 21,828 | $37K | New |
Other holdings (1): bonds, preferreds, convertibles and warrants · $220K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| NNAVW Nextnav Inc. | *W EXP 99/99/999 | 30,726 | $220K | New |
Total filed on the 13F, all lines: $109.6M.
Portfolio Sells Q3 2025 → Q4 2025
| VOO Vanguard S&P 500 ETF | Reduce -28.8% | 6.85% | −2.85 |
| SDY SS SPDR S&P Dividend ETF | Reduce -19.8% | 7.77% | −2.30 |
| KMLM Kraneshares MT LC MN FT Id S | Reduce -64.6% | 0.36% | −0.74 |
| VUG Vanguard Mrngstar GR ETF-Sui | Reduce -44.3% | 0.72% | −0.60 |
| VIG Vanguard Dividend Apprec ETF | Reduce -1.6% | 15.99% | −0.49 |
| HDV iShares Core High Dividend E | Sold out | 0.00% | −0.23 |
| SHW The Sherwin-Williams Co. | Sold out | 0.00% | −0.20 |
| APP AppLovin Corp. Class A | Sold out | 0.00% | −0.19 |
| BBAI Bigbear.ai Holdings Inc. | Sold out | 0.00% | −0.13 |
| NVDA Nvidia Corp. | Reduce -5.4% | 0.98% | −0.09 |
| META Meta Platforms Inc. Class A | Reduce -0.2% | 0.31% | −0.05 |
| GOOGL Alphabet Inc. Class A | Reduce -31.5% | 0.27% | −0.05 |
| AXP American Express Co. | Reduce -14.5% | 0.40% | −0.03 |
| RBNE Robin Energy Ltd. | Sold out | 0.00% | −0.03 |
| TSLA Tesla Inc. | Reduce -0.6% | 0.21% | −0.01 |
| IAU iShares Gold Trust | Reduce -7.3% | 7.34% | +0.01 |
| NN Nextnav Inc. | Reduce -7.2% | 0.54% | +0.02 |
Portfolio Buys Q3 2025 → Q4 2025
| VTV Vanguard Mrngstr Val ETF-Aui | Add +101.4% | 2.93% | +1.46 |
| VEA Vanguard Ftse Developed ETF | Add +10.3% | 12.46% | +1.27 |
| VB Vanguard Most SM-Cap ETF-Usd | Add +292.1% | 1.52% | +1.12 |
| LEMB iShares JP Morgan Em Local C | New | 1.07% | +1.07 |
| AGG iShares Core U.S. Aggregate | New | 0.69% | +0.69 |
| VWOB Vanguard Emerg MKTS Gov BND | Add +18.0% | 5.01% | +0.66 |
| VWO Vanguard Ftse Emerging Marke | Add +13.4% | 4.89% | +0.40 |
| MP MP Materials Corp. | New | 0.23% | +0.23 |
| SLV iShares Silver Trust | New | 0.21% | +0.21 |
| CPAY Corpay Inc. | New | 0.19% | +0.19 |
| BSX Boston Scientific Corp. | New | 0.18% | +0.18 |
| VGSH Vanguard Short-Term Treasury | Add +25.0% | 0.82% | +0.14 |
| AAPL Apple Inc. | Add +36.4% | 0.41% | +0.12 |
| VUSB Vanguard Ultra Short Bond Et | Add +4.7% | 10.05% | +0.10 |
| SHYG iShares 0-5 YR HY Corp. Bond | Add +4.8% | 9.47% | +0.04 |
| ABTC American Bitcoin Corp. | New | 0.03% | +0.03 |
| AVGO Broadcom Inc. | Add +11.6% | 0.24% | +0.03 |
| PM Philip Morris International | Add +8.3% | 0.30% | +0.01 |
| CSX CSX Corp. | Add +0.3% | 0.36% | −0.00 |
| EBC Eastern Bankshares Inc. | Add +0.7% | 0.34% | −0.00 |
| MSFT Microsoft Corp. | Add +9.8% | 0.73% | −0.01 |
| VGLT Vanguard Long-Term Treasury | Add +1.4% | 4.07% | −0.15 |
Notes & Other Activity Q3 2025 → Q4 2025
| NNAVW Nextnav Inc. | *W EXP 99/99/999 | New | 30,726 | $220K |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
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 |