Shepherd Kaplan Krochuk, LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 13, 2025), Shepherd Kaplan Krochuk, LLC reported 61 stock positions worth $121.8 million. Its top holding was Vaneck Fallen Angel High YLD (ANGL) at 7.9% of the portfolio, followed by VG Morningstar TS MKT ETF-US (VTI, 6.4%) and Apple (AAPL, 6.3%). Compared with Q2 2025, it opened 4 new positions, added to 20 and reduced 28. The biggest buy was VG Morningstar TS MKT ETF-US (VTI, shares +20%) and the biggest sale PIMCO 25+ YR Zero CPN US Tif (ZROZ, shares −37%).
- Most Recent 13F
- Q2 2026
- Location
- Boston, MA
- CIK
- 0001218583
- Portfolio Value
- $121.8M (Q3 2025)
- SEC Filing
- 0000919574-25-006712 ↗ filed Nov 13, 2025
Holdings Value
Holdings 61 stocks · $121.8M
| ANGL Vaneck Fallen Angel High YLD | 7.89% | 323,476 | $9.6M | Add +8.3% |
| VTI VG Morningstar TS MKT ETF-US | 6.41% | 23,814 | $7.8M | Add +19.5% |
| AAPL Apple Inc. | 6.35% | 30,367 | $7.7M | Add +0.1% |
| USMV iShares MSCI USA Min Vol Fac | 5.37% | 68,771 | $6.5M | Reduce -9.2% |
| MTUM iShares MSCI USA Momentum Fa | 4.74% | 22,537 | $5.8M | Add +21.8% |
| SCHV Schwab US Large-Cap Value | 4.53% | 189,779 | $5.5M | Reduce -4.8% |
| JQUA JPMorgan US Quality Factor | 4.27% | 82,746 | $5.2M | Reduce -1.6% |
| ACWI iShares MSCI Acwi ETF | 3.10% | 27,318 | $3.8M | No change |
| ET Energy Transfer LP | 3.06% | 217,531 | $3.7M | Reduce -3.2% |
| JMBS Janus Henderson Mortg Backed | 2.98% | 79,396 | $3.6M | Reduce -16.4% |
| IJR iShares Core S&P Small-Cap E | 2.91% | 29,871 | $3.5M | Reduce -9.5% |
| CPB The Campbell's Company | 2.82% | 108,910 | $3.4M | Reduce -16.2% |
| JEPI JPMorgan Equity Premium Inco | 2.71% | 57,823 | $3.3M | Add +47.5% |
| CORP PIMCO Inv Grade Corp. BD ETF | 2.69% | 33,207 | $3.3M | Add +0.5% |
| SHV iShares 0-1 Year Treasury Bo | 2.47% | 27,218 | $3.0M | Reduce -5.8% |
| BRK.B Berkshire Hathaway Inc. Class B | 2.40% | 5,807 | $2.9M | Reduce -0.3% |
| SCHD Schwab US DVD Equity ETF | 2.30% | 102,763 | $2.8M | Add +1.2% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 2.19% | 9,073 | $2.7M | Add +13.7% |
| SGOV iShares 0-3 Month Treasury B | 1.98% | 23,982 | $2.4M | Add +81.4% |
| SPDN Dir DLY SP 500 BR 1X ETF-Usi | 1.95% | 247,405 | $2.4M | Add +10.9% |
| VNQ Vanguard Real Estate ETF | 1.75% | 23,369 | $2.1M | Reduce -0.4% |
| ZROZ PIMCO 25+ YR Zero CPN US Tif | 1.67% | 29,984 | $2.0M | Reduce -37.3% |
| HDEF Xtrackers MSCI Eafe High Div | 1.63% | 67,650 | $2.0M | Reduce -34.1% |
| KMI Kinder Morgan Inc. | 1.55% | 66,820 | $1.9M | Reduce -3.1% |
| PGX Invesco Preferred ETF | 1.46% | 153,126 | $1.8M | Add +0.6% |
| SSPY Stratified Largecp Index ETF | 1.16% | 16,242 | $1.4M | Reduce -4.7% |
| VIOO Vanguard S&P Small-Cap 600 E | 1.14% | 12,604 | $1.4M | Add +13.2% |
| IVW iShares S&P 500 Growth ETF | 0.79% | 7,938 | $958K | No change |
| PFE Pfizer Inc. | 0.76% | 36,210 | $923K | Reduce -4.0% |
| NEM Newmont Corp. | 0.76% | 10,921 | $921K | No change |
| MGA Magna International Inc. | 0.74% | 19,096 | $905K | Reduce -14.3% |
| IVV iShares Core S&P 500 ETF | 0.74% | 1,344 | $899K | Add +1.0% |
| BIV Vanguard Intermediate-Term B | 0.72% | 11,170 | $872K | Add +41.5% |
| IBIT iShares Bitcoin Trust ETF | 0.70% | 13,212 | $859K | Add +0.4% |
| JPEM JPM Diversified Ret Em Equit filed as J P MORGAN EXCHANGE TRADED F | 0.70% | 14,545 | $858K | Reduce -7.3% |
| DUK Duke Energy Corp. | 0.70% | 6,865 | $850K | Reduce -13.7% |
| VOO Vanguard S&P 500 ETF | 0.70% | 1,387 | $849K | Add +173.0% |
| GILD Gilead Sciences Inc. | 0.64% | 6,981 | $775K | Reduce -7.6% |
| DOW Dow Inc. | 0.63% | 33,569 | $770K | Add +18.0% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.61% | 2,618 | $739K | No change |
| EPD Enterprise Products Partners | 0.58% | 22,538 | $705K | No change |
| GSIE Goldman Sachs Activebeta Int | 0.57% | 16,896 | $695K | Reduce -2.1% |
| BEN Franklin Templeton Inc. | 0.48% | 25,045 | $579K | Reduce -10.0% |
| PNC PNC Financial Services Group | 0.47% | 2,825 | $568K | Reduce -10.2% |
| QQQ Invesco QQQ Trust Series 1 | 0.45% | 919 | $552K | No change |
| NUV Nuveen Municipal Value | 0.44% | 60,045 | $539K | Reduce -2.3% |
| AMLP Alerian MLP ETF | 0.42% | 10,866 | $510K | Add +2.2% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.41% | 1,042 | $500K | No change |
| VZ Verizon Communications Inc. | 0.41% | 11,324 | $498K | Reduce -5.8% |
| VTEB Vanguard Tax-Exempt Bond ETF | 0.40% | 9,827 | $492K | Reduce -37.5% |
| TBF Proshares Short 20+ Treasury | 0.33% | 17,162 | $407K | New |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.32% | 594 | $396K | Add +0.2% |
| CMCSA Comcast Corp. Class A | 0.32% | 12,505 | $393K | Reduce -3.2% |
| OSEA Harbor Intl Compounders ETF | 0.28% | 11,633 | $344K | Reduce -0.2% |
| GLD SPDR Gold Shares | 0.28% | 959 | $341K | No change |
| MDST Westwd Sat Encd Mdstr in ETF | 0.25% | 11,358 | $303K | New |
| T AT&T Inc. | 0.25% | 10,714 | $303K | No change |
| GOOG Alphabet Inc. Class C | 0.19% | 929 | $226K | New |
| MSFT Microsoft Corp. | 0.18% | 431 | $223K | Add +4.9% |
| SPGP Invesco S&P 500 Garp ETF | 0.17% | 1,797 | $204K | New |
| NRGV Energy Vault Holdings Inc. | 0.12% | 47,975 | $142K | Reduce -34.0% |
Portfolio Sells Q2 2025 → Q3 2025
| ZROZ PIMCO 25+ YR Zero CPN US Tif | Reduce -37.3% | 1.67% | −1.11 |
| HDEF Xtrackers MSCI Eafe High Div | Reduce -34.1% | 1.63% | −0.94 |
| USMV iShares MSCI USA Min Vol Fac | Reduce -9.2% | 5.37% | −0.81 |
| JMBS Janus Henderson Mortg Backed | Reduce -16.4% | 2.98% | −0.74 |
| CPB The Campbell's Company | Reduce -16.2% | 2.82% | −0.64 |
| ET Energy Transfer LP | Reduce -3.2% | 3.06% | −0.48 |
| SHV iShares 0-1 Year Treasury Bo | Reduce -5.8% | 2.47% | −0.30 |
| VTEB Vanguard Tax-Exempt Bond ETF | Reduce -37.5% | 0.40% | −0.27 |
| SCHV Schwab US Large-Cap Value | Reduce -4.8% | 4.53% | −0.26 |
| IJR iShares Core S&P Small-Cap E | Reduce -9.5% | 2.91% | −0.22 |
| KMI Kinder Morgan Inc. | Reduce -3.1% | 1.55% | −0.21 |
| DUK Duke Energy Corp. | Reduce -13.7% | 0.70% | −0.12 |
| JQUA JPMorgan US Quality Factor | Reduce -1.6% | 4.27% | −0.11 |
| BEN Franklin Templeton Inc. | Reduce -10.0% | 0.48% | −0.10 |
| GILD Gilead Sciences Inc. | Reduce -7.6% | 0.64% | −0.09 |
| CMCSA Comcast Corp. Class A | Reduce -3.2% | 0.32% | −0.08 |
| JPEM JPM Diversified Ret Em Equit | Reduce -7.3% | 0.70% | −0.06 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -0.3% | 2.40% | −0.06 |
| VNQ Vanguard Real Estate ETF | Reduce -0.4% | 1.75% | −0.06 |
| SSPY Stratified Largecp Index ETF | Reduce -4.7% | 1.16% | −0.06 |
| PNC PNC Financial Services Group | Reduce -10.2% | 0.47% | −0.04 |
| VZ Verizon Communications Inc. | Reduce -5.8% | 0.41% | −0.04 |
| PFE Pfizer Inc. | Reduce -4.0% | 0.76% | −0.04 |
| GSIE Goldman Sachs Activebeta Int | Reduce -2.1% | 0.57% | −0.02 |
| NUV Nuveen Municipal Value | Reduce -2.3% | 0.44% | −0.02 |
| OSEA Harbor Intl Compounders ETF | Reduce -0.2% | 0.28% | −0.01 |
| MGA Magna International Inc. | Reduce -14.3% | 0.74% | −0.00 |
| NRGV Energy Vault Holdings Inc. | Reduce -34.0% | 0.12% | +0.07 |
Portfolio Buys Q2 2025 → Q3 2025
| VTI VG Morningstar TS MKT ETF-US | Add +19.5% | 6.41% | +1.15 |
| AAPL Apple Inc. | Add +0.1% | 6.35% | +0.94 |
| MTUM iShares MSCI USA Momentum Fa | Add +21.8% | 4.74% | +0.88 |
| SGOV iShares 0-3 Month Treasury B | Add +81.4% | 1.98% | +0.83 |
| JEPI JPMorgan Equity Premium Inco | Add +47.5% | 2.71% | +0.77 |
| VOO Vanguard S&P 500 ETF | Add +173.0% | 0.70% | +0.45 |
| TBF Proshares Short 20+ Treasury | New | 0.33% | +0.33 |
| ANGL Vaneck Fallen Angel High YLD | Add +8.3% | 7.89% | +0.30 |
| MDST Westwd Sat Encd Mdstr in ETF | New | 0.25% | +0.25 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Add +13.7% | 2.19% | +0.25 |
| GOOG Alphabet Inc. Class C | New | 0.19% | +0.19 |
| BIV Vanguard Intermediate-Term B | Add +41.5% | 0.72% | +0.19 |
| SPGP Invesco S&P 500 Garp ETF | New | 0.17% | +0.17 |
| VIOO Vanguard S&P Small-Cap 600 E | Add +13.2% | 1.14% | +0.16 |
| IVV iShares Core S&P 500 ETF | Add +1.0% | 0.74% | +0.02 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +0.2% | 0.32% | +0.01 |
| MSFT Microsoft Corp. | Add +4.9% | 0.18% | +0.01 |
| IBIT iShares Bitcoin Trust ETF | Add +0.4% | 0.70% | +0.01 |
| PGX Invesco Preferred ETF | Add +0.6% | 1.46% | −0.01 |
| DOW Dow Inc. | Add +18.0% | 0.63% | −0.02 |
| AMLP Alerian MLP ETF | Add +2.2% | 0.42% | −0.03 |
| SCHD Schwab US DVD Equity ETF | Add +1.2% | 2.30% | −0.04 |
| SPDN Dir DLY SP 500 BR 1X ETF-Usi | Add +10.9% | 1.95% | −0.05 |
| CORP PIMCO Inv Grade Corp. BD ETF | Add +0.5% | 2.69% | −0.11 |
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 |