Shepherd Kaplan Krochuk, LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), Shepherd Kaplan Krochuk, LLC reported 57 stock positions worth $115.1 million. Its top holding was Vaneck Fallen Angel High YLD (ANGL) at 7.6% of the portfolio, followed by iShares MSCI USA Min Vol Fac (USMV, 6.2%) and Apple (AAPL, 5.4%). Compared with Q1 2025, it opened 2 new positions, sold out of 3, added to 19 and reduced 28. The biggest buy was VG Morningstar TS MKT ETF-US (VTI, shares +43%) and the biggest sale Campbell's (CPB, shares −3%).
- Most Recent 13F
- Q2 2026
- Location
- Boston, MA
- CIK
- 0001218583
- Portfolio Value
- $115.1M (Q2 2025)
- SEC Filing
- 0000919574-25-004649 ↗ filed Aug 14, 2025
Holdings Value
Holdings 57 stocks · $115.1M
| ANGL Vaneck Fallen Angel High YLD | 7.60% | 298,616 | $8.7M | Reduce -3.3% |
| USMV iShares MSCI USA Min Vol Fac | 6.18% | 75,749 | $7.1M | Add +4.0% |
| AAPL Apple Inc. | 5.41% | 30,323 | $6.2M | Add +0.0% |
| VTI VG Morningstar TS MKT ETF-US | 5.26% | 19,922 | $6.1M | Add +42.7% |
| SCHV Schwab US Large-Cap Value | 4.79% | 199,296 | $5.5M | Reduce -1.5% |
| JQUA JPMorgan US Quality Factor | 4.39% | 84,065 | $5.0M | Reduce -1.9% |
| MTUM iShares MSCI USA Momentum Fa | 3.86% | 18,501 | $4.4M | Reduce -12.6% |
| JMBS Janus Henderson Mortg Backed | 3.72% | 94,966 | $4.3M | Add +32.6% |
| ET Energy Transfer LP | 3.54% | 224,768 | $4.1M | Reduce -2.3% |
| CPB The Campbell's Company | 3.46% | 129,993 | $4.0M | Reduce -3.3% |
| IJR iShares Core S&P Small-Cap E | 3.13% | 33,015 | $3.6M | Add +12.7% |
| ACWI iShares MSCI Acwi ETF | 3.05% | 27,318 | $3.5M | Add +0.0% |
| CORP PIMCO Inv Grade Corp. BD ETF | 2.79% | 33,056 | $3.2M | Add +0.4% |
| ZROZ PIMCO 25+ YR Zero CPN US Tif | 2.79% | 47,814 | $3.2M | Add +36.0% |
| SHV iShares 0-1 Year Treasury Bo | 2.77% | 28,885 | $3.2M | Reduce -3.1% |
| HDEF Xtrackers MSCI Eafe High Div | 2.58% | 102,716 | $3.0M | Add +22.2% |
| BRK.B Berkshire Hathaway Inc. Class B | 2.46% | 5,827 | $2.8M | Reduce -13.6% |
| SCHD Schwab US DVD Equity ETF | 2.34% | 101,559 | $2.7M | Reduce -20.2% |
| SPDN Dir DLY SP 500 BR 1X ETF-Usi | 2.00% | 223,145 | $2.3M | Reduce -16.3% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 1.94% | 7,977 | $2.2M | Reduce -0.1% |
| JEPI JPMorgan Equity Premium Inco | 1.94% | 39,200 | $2.2M | Reduce -21.4% |
| VNQ Vanguard Real Estate ETF | 1.82% | 23,458 | $2.1M | Reduce -7.8% |
| KMI Kinder Morgan Inc. | 1.76% | 68,985 | $2.0M | Reduce -0.1% |
| PGX Invesco Preferred ETF | 1.47% | 152,164 | $1.7M | Add +4.6% |
| SSPY Stratified Largecp Index ETF | 1.22% | 17,039 | $1.4M | Reduce -36.3% |
| SGOV iShares 0-3 Month Treasury B | 1.16% | 13,220 | $1.3M | Reduce -24.8% |
| VIOO Vanguard S&P Small-Cap 600 E | 0.98% | 11,135 | $1.1M | No change |
| DUK Duke Energy Corp. | 0.81% | 7,950 | $938K | Reduce -1.5% |
| PFE Pfizer Inc. | 0.79% | 37,699 | $914K | Reduce -0.7% |
| JPEM JPM Diversified Ret Em Equit filed as J P MORGAN EXCHANGE TRADED F | 0.77% | 15,692 | $885K | Reduce -11.3% |
| IVW iShares S&P 500 Growth ETF | 0.76% | 7,938 | $874K | Reduce -0.1% |
| MGA Magna International Inc. | 0.75% | 22,272 | $860K | Add +12.1% |
| GILD Gilead Sciences Inc. | 0.73% | 7,552 | $837K | Reduce -0.1% |
| IVV iShares Core S&P 500 ETF | 0.72% | 1,331 | $827K | Add +1.4% |
| IBIT iShares Bitcoin Trust ETF | 0.70% | 13,160 | $806K | Add +0.1% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.67% | 2,618 | $772K | Reduce -11.3% |
| VTEB Vanguard Tax-Exempt Bond ETF | 0.67% | 15,724 | $771K | No change |
| DOW Dow Inc. | 0.65% | 28,459 | $754K | Add +19.3% |
| EPD Enterprise Products Partners | 0.61% | 22,538 | $699K | No change |
| GSIE Goldman Sachs Activebeta Int | 0.59% | 17,264 | $685K | Reduce -13.5% |
| BEN Franklin Templeton Inc. | 0.58% | 27,836 | $664K | Reduce -0.3% |
| NEM Newmont Corp. | 0.55% | 10,921 | $636K | No change |
| BIV Vanguard Intermediate-Term B | 0.53% | 7,896 | $611K | Add +1.0% |
| PNC PNC Financial Services Group | 0.51% | 3,147 | $587K | Add +9.9% |
| NUV Nuveen Municipal Value | 0.46% | 61,432 | $534K | No change |
| VZ Verizon Communications Inc. | 0.45% | 12,027 | $520K | Reduce -0.1% |
| AMLP Alerian MLP ETF | 0.45% | 10,629 | $519K | Add +23.1% |
| QQQ Invesco QQQ Trust Series 1 | 0.44% | 919 | $507K | New |
| CMCSA Comcast Corp. Class A | 0.40% | 12,918 | $461K | No change |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.40% | 1,042 | $457K | No change |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.32% | 593 | $366K | Add +0.3% |
| OSEA Harbor Intl Compounders ETF | 0.30% | 11,657 | $341K | No change |
| T AT&T Inc. | 0.27% | 10,714 | $310K | Reduce -23.9% |
| GLD SPDR Gold Shares | 0.25% | 959 | $292K | Reduce -3.3% |
| VOO Vanguard S&P 500 ETF | 0.25% | 508 | $289K | Reduce -56.1% |
| MSFT Microsoft Corp. | 0.18% | 411 | $204K | New |
| NRGV Energy Vault Holdings Inc. | 0.05% | 72,657 | $52K | Add +1.5% |
Portfolio Sells Q1 2025 → Q2 2025
| CPB The Campbell's Company | Reduce -3.3% | 3.46% | −1.13 |
| GDX Vaneck Gold Miners ETF | Sold out | 0.00% | −1.01 |
| SCHD Schwab US DVD Equity ETF | Reduce -20.2% | 2.34% | −0.71 |
| TBF Proshares Short 20+ Treasury | Sold out | 0.00% | −0.71 |
| SPDN Dir DLY SP 500 BR 1X ETF-Usi | Reduce -16.3% | 2.00% | −0.65 |
| SHUS Stratified Largecap HDGD ETF | Sold out | 0.00% | −0.63 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -13.6% | 2.46% | −0.61 |
| SSPY Stratified Largecp Index ETF | Reduce -36.3% | 1.22% | −0.57 |
| JEPI JPMorgan Equity Premium Inco | Reduce -21.4% | 1.94% | −0.50 |
| SGOV iShares 0-3 Month Treasury B | Reduce -24.8% | 1.16% | −0.36 |
| VOO Vanguard S&P 500 ETF | Reduce -56.1% | 0.25% | −0.26 |
| VNQ Vanguard Real Estate ETF | Reduce -7.8% | 1.82% | −0.16 |
| ET Energy Transfer LP | Reduce -2.3% | 3.54% | −0.12 |
| T AT&T Inc. | Reduce -23.9% | 0.27% | −0.07 |
| SHV iShares 0-1 Year Treasury Bo | Reduce -3.1% | 2.77% | −0.05 |
| ANGL Vaneck Fallen Angel High YLD | Reduce -3.3% | 7.60% | −0.04 |
| PFE Pfizer Inc. | Reduce -0.7% | 0.79% | −0.03 |
| JPEM JPM Diversified Ret Em Equit | Reduce -11.3% | 0.77% | −0.03 |
| DUK Duke Energy Corp. | Reduce -1.5% | 0.81% | −0.03 |
| VZ Verizon Communications Inc. | Reduce -0.1% | 0.45% | −0.02 |
| GSIE Goldman Sachs Activebeta Int | Reduce -13.5% | 0.59% | −0.01 |
| GILD Gilead Sciences Inc. | Reduce -0.1% | 0.73% | +0.00 |
| GLD SPDR Gold Shares | Reduce -3.3% | 0.25% | +0.01 |
| IBM Intl Business Machines Corp. | Reduce -11.3% | 0.67% | +0.04 |
| KMI Kinder Morgan Inc. | Reduce -0.1% | 1.76% | +0.07 |
| BEN Franklin Templeton Inc. | Reduce -0.3% | 0.58% | +0.12 |
| IVW iShares S&P 500 Growth ETF | Reduce -0.1% | 0.76% | +0.13 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Reduce -0.1% | 1.94% | +0.17 |
| SCHV Schwab US Large-Cap Value | Reduce -1.5% | 4.79% | +0.19 |
| MTUM iShares MSCI USA Momentum Fa | Reduce -12.6% | 3.86% | +0.20 |
| JQUA JPMorgan US Quality Factor | Reduce -1.9% | 4.39% | +0.24 |
Portfolio Buys Q1 2025 → Q2 2025
| VTI VG Morningstar TS MKT ETF-US | Add +42.7% | 5.26% | +1.97 |
| JMBS Janus Henderson Mortg Backed | Add +32.6% | 3.72% | +0.94 |
| ZROZ PIMCO 25+ YR Zero CPN US Tif | Add +36.0% | 2.79% | +0.63 |
| HDEF Xtrackers MSCI Eafe High Div | Add +22.2% | 2.58% | +0.62 |
| IJR iShares Core S&P Small-Cap E | Add +12.7% | 3.13% | +0.51 |
| QQQ Invesco QQQ Trust Series 1 | New | 0.44% | +0.44 |
| USMV iShares MSCI USA Min Vol Fac | Add +4.0% | 6.18% | +0.34 |
| ACWI iShares MSCI Acwi ETF | Add +0.0% | 3.05% | +0.33 |
| MSFT Microsoft Corp. | New | 0.18% | +0.18 |
| IBIT iShares Bitcoin Trust ETF | Add +0.1% | 0.70% | +0.17 |
| MGA Magna International Inc. | Add +12.1% | 0.75% | +0.17 |
| IVV iShares Core S&P 500 ETF | Add +1.4% | 0.72% | +0.09 |
| PNC PNC Financial Services Group | Add +9.9% | 0.51% | +0.08 |
| PGX Invesco Preferred ETF | Add +4.6% | 1.47% | +0.07 |
| AMLP Alerian MLP ETF | Add +23.1% | 0.45% | +0.07 |
| CORP PIMCO Inv Grade Corp. BD ETF | Add +0.4% | 2.79% | +0.07 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +0.3% | 0.32% | +0.04 |
| BIV Vanguard Intermediate-Term B | Add +1.0% | 0.53% | +0.02 |
| NRGV Energy Vault Holdings Inc. | Add +1.5% | 0.05% | +0.00 |
| DOW Dow Inc. | Add +19.3% | 0.65% | −0.06 |
| AAPL Apple Inc. | Add +0.0% | 5.41% | −0.36 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 62 | $125.9M | VTI, AAPL, USMV, ANGL, SCHV |
| Q1 2026 | 61 | $119.0M | VTI, ANGL, AAPL, USMV, SCHV |
| Q4 2025 | 64 | $121.1M | VTI, ANGL, AAPL, USMV, SCHV |
| Q3 2025 | 61 | $121.8M | ANGL, VTI, AAPL, USMV, MTUM |
| Q2 2025 | 57 | $115.1M | ANGL, USMV, AAPL, VTI, SCHV |
| Q1 2025 | 58 | $116.8M | ANGL, USMV, AAPL, SCHV, CPB |
| Q4 2024 | 51 | $119.6M | SHV, ANGL, AAPL, USMV, CPB |
| Q3 2024 | 55 | $132.6M | AAPL, ANGL, USMV, CPB, SCHV |
| Q2 2024 | 57 | $126.6M | AAPL, USMV, CPB, ANGL, SCHV |
| Q1 2024 | 55 | $125.3M | AAPL, USMV, ANGL, CPB, SHV |