Shepherd Kaplan Krochuk, LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 13, 2026), Shepherd Kaplan Krochuk, LLC reported 64 stock positions worth $121.1 million. Its top holding was VG Morningstar TS MKT ETF-US (VTI) at 8.4% of the portfolio, followed by Vaneck Fallen Angel High YLD (ANGL, 7.2%) and Apple (AAPL, 6.8%). Compared with Q3 2025, it opened 5 new positions, sold out of 2, added to 22 and reduced 30. The biggest buy was VG Morningstar TS MKT ETF-US (VTI, shares +27%) and the biggest sale Schwab US DVD Equity ETF (SCHD, shares −90%).
- Most Recent 13F
- Q2 2026
- Location
- Boston, MA
- CIK
- 0001218583
- Portfolio Value
- $121.1M (Q4 2025)
- SEC Filing
- 0000919574-26-000962 ↗ filed Feb 13, 2026
Holdings Value
Holdings 64 stocks · $121.1M
| VTI VG Morningstar TS MKT ETF-US | 8.38% | 30,266 | $10.1M | Add +27.1% |
| ANGL Vaneck Fallen Angel High YLD | 7.23% | 298,270 | $8.8M | Reduce -7.8% |
| AAPL Apple Inc. | 6.82% | 30,392 | $8.3M | Add +0.1% |
| USMV iShares MSCI USA Min Vol Fac | 6.15% | 79,079 | $7.4M | Add +15.0% |
| SCHV Schwab US Large-Cap Value | 4.25% | 173,917 | $5.1M | Reduce -8.4% |
| JQUA JPMorgan US Quality Factor | 3.93% | 75,321 | $4.8M | Reduce -9.0% |
| MTUM iShares MSCI USA Momentum Fa | 3.45% | 16,705 | $4.2M | Reduce -25.9% |
| ACWI iShares MSCI Acwi ETF | 3.19% | 27,320 | $3.9M | Add +0.0% |
| JMBS Janus Henderson Mortg Backed | 3.19% | 84,486 | $3.9M | Add +6.4% |
| ZROZ PIMCO 25+ YR Zero CPN US Tif | 3.06% | 57,658 | $3.7M | Add +92.3% |
| CORP PIMCO Inv Grade Corp. BD ETF | 2.97% | 36,753 | $3.6M | Add +10.7% |
| ET Energy Transfer LP | 2.78% | 204,491 | $3.4M | Reduce -6.0% |
| IJR iShares Core S&P Small-Cap E | 2.59% | 26,066 | $3.1M | Reduce -12.7% |
| CPB The Campbell's Company | 2.51% | 108,905 | $3.0M | Reduce 0.0% |
| BRK.B Berkshire Hathaway Inc. Class B | 2.32% | 5,580 | $2.8M | Reduce -3.9% |
| JEPI JPMorgan Equity Premium Inco | 2.27% | 47,991 | $2.7M | Reduce -17.0% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 2.25% | 9,401 | $2.7M | Add +3.6% |
| SHV iShares 0-1 Year Treasury Bo | 2.18% | 23,932 | $2.6M | Reduce -12.1% |
| VNQ Vanguard Real Estate ETF | 1.88% | 25,687 | $2.3M | Add +9.9% |
| SGOV iShares 0-3 Month Treasury B | 1.81% | 21,893 | $2.2M | Reduce -8.7% |
| HDEF Xtrackers MSCI Eafe High Div | 1.71% | 66,665 | $2.1M | Reduce -1.5% |
| KMI Kinder Morgan Inc. | 1.48% | 65,086 | $1.8M | Reduce -2.6% |
| FDL First Trust Morn DVD Lead Inc. | 1.47% | 40,068 | $1.8M | New |
| PGX Invesco Preferred ETF | 1.45% | 155,834 | $1.8M | Add +1.8% |
| VIOO Vanguard S&P Small-Cap 600 E | 1.22% | 13,294 | $1.5M | Add +5.5% |
| SPDN Dir DLY SP 500 BR 1X ETF-Usi | 1.08% | 138,165 | $1.3M | Reduce -44.1% |
| BIV Vanguard Intermediate-Term B | 0.93% | 14,519 | $1.1M | Add +30.0% |
| NEM Newmont Corp. | 0.90% | 10,921 | $1.1M | No change |
| SSPY Stratified Largecp Index ETF | 0.89% | 12,375 | $1.1M | Reduce -23.8% |
| IVW iShares S&P 500 Growth ETF | 0.81% | 7,939 | $979K | Add +0.0% |
| RSP Invesco S&P 500 Equal Weight | 0.80% | 5,040 | $965K | New |
| MGA Magna International Inc. | 0.76% | 17,288 | $921K | Reduce -9.5% |
| IVV iShares Core S&P 500 ETF | 0.76% | 1,344 | $921K | No change |
| PFE Pfizer Inc. | 0.71% | 34,310 | $854K | Reduce -5.3% |
| GILD Gilead Sciences Inc. | 0.65% | 6,436 | $790K | Reduce -7.8% |
| DUK Duke Energy Corp. | 0.64% | 6,590 | $772K | Reduce -4.0% |
| VOO Vanguard S&P 500 ETF | 0.63% | 1,215 | $762K | Reduce -12.4% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.62% | 2,515 | $745K | Reduce -3.9% |
| EPD Enterprise Products Partners | 0.60% | 22,538 | $723K | No change |
| DOW Dow Inc. | 0.57% | 29,687 | $694K | Reduce -11.6% |
| IBIT iShares Bitcoin Trust ETF | 0.54% | 13,284 | $660K | Add +0.5% |
| QQQ Invesco QQQ Trust Series 1 | 0.47% | 920 | $565K | Add +0.1% |
| TBF Proshares Short 20+ Treasury | 0.46% | 23,181 | $559K | Add +35.1% |
| BEN Franklin Templeton Inc. | 0.46% | 23,331 | $557K | Reduce -6.8% |
| NUV Nuveen Municipal Value | 0.45% | 60,045 | $544K | No change |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.42% | 1,043 | $509K | Add +0.1% |
| JPEM JPM Diversified Ret Em Equit filed as J P MORGAN EXCHANGE TRADED F | 0.41% | 8,145 | $495K | Reduce -44.0% |
| VTEB Vanguard Tax-Exempt Bond ETF | 0.41% | 9,827 | $494K | No change |
| GSIE Goldman Sachs Activebeta Int | 0.40% | 11,203 | $481K | Reduce -33.7% |
| AMLP Alerian MLP ETF | 0.37% | 9,403 | $442K | Reduce -13.5% |
| ABBV Abbvie Inc. | 0.36% | 1,916 | $438K | New |
| PRU Prudential Financial Inc. | 0.36% | 3,861 | $436K | New |
| VZ Verizon Communications Inc. | 0.36% | 10,582 | $431K | Reduce -6.5% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.34% | 596 | $406K | Add +0.3% |
| OSEA Harbor Intl Compounders ETF | 0.29% | 11,778 | $356K | Add +1.3% |
| GOOG Alphabet Inc. Class C | 0.28% | 1,089 | $342K | Add +17.2% |
| GLD SPDR Gold Shares | 0.28% | 841 | $333K | Reduce -12.3% |
| NRGV Energy Vault Holdings Inc. | 0.26% | 67,246 | $310K | Add +40.2% |
| SCHD Schwab US DVD Equity ETF | 0.23% | 10,097 | $277K | Reduce -90.2% |
| MDST Westwd Sat Encd Mdstr in ETF | 0.22% | 10,206 | $270K | Reduce -10.1% |
| T AT&T Inc. | 0.22% | 10,714 | $266K | No change |
| MSFT Microsoft Corp. | 0.21% | 514 | $249K | Add +19.3% |
| GOOGL Alphabet Inc. Class A | 0.18% | 706 | $221K | New |
| SPGP Invesco S&P 500 Garp ETF | 0.17% | 1,797 | $205K | No change |
Portfolio Sells Q3 2025 → Q4 2025
| SCHD Schwab US DVD Equity ETF | Reduce -90.2% | 0.23% | −2.07 |
| MTUM iShares MSCI USA Momentum Fa | Reduce -25.9% | 3.45% | −1.29 |
| SPDN Dir DLY SP 500 BR 1X ETF-Usi | Reduce -44.1% | 1.08% | −0.88 |
| ANGL Vaneck Fallen Angel High YLD | Reduce -7.8% | 7.23% | −0.66 |
| PNC PNC Financial Services Group | Sold out | 0.00% | −0.47 |
| JEPI JPMorgan Equity Premium Inco | Reduce -17.0% | 2.27% | −0.44 |
| JQUA JPMorgan US Quality Factor | Reduce -9.0% | 3.93% | −0.34 |
| IJR iShares Core S&P Small-Cap E | Reduce -12.7% | 2.59% | −0.33 |
| CMCSA Comcast Corp. Class A | Sold out | 0.00% | −0.32 |
| CPB The Campbell's Company | Reduce 0.0% | 2.51% | −0.32 |
| JPEM JPM Diversified Ret Em Equit | Reduce -44.0% | 0.41% | −0.30 |
| SHV iShares 0-1 Year Treasury Bo | Reduce -12.1% | 2.18% | −0.29 |
| SCHV Schwab US Large-Cap Value | Reduce -8.4% | 4.25% | −0.28 |
| ET Energy Transfer LP | Reduce -6.0% | 2.78% | −0.28 |
| SSPY Stratified Largecp Index ETF | Reduce -23.8% | 0.89% | −0.27 |
| GSIE Goldman Sachs Activebeta Int | Reduce -33.7% | 0.40% | −0.17 |
| SGOV iShares 0-3 Month Treasury B | Reduce -8.7% | 1.81% | −0.17 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -3.9% | 2.32% | −0.08 |
| KMI Kinder Morgan Inc. | Reduce -2.6% | 1.48% | −0.07 |
| VOO Vanguard S&P 500 ETF | Reduce -12.4% | 0.63% | −0.07 |
| DUK Duke Energy Corp. | Reduce -4.0% | 0.64% | −0.06 |
| DOW Dow Inc. | Reduce -11.6% | 0.57% | −0.06 |
| AMLP Alerian MLP ETF | Reduce -13.5% | 0.37% | −0.05 |
| VZ Verizon Communications Inc. | Reduce -6.5% | 0.36% | −0.05 |
| PFE Pfizer Inc. | Reduce -5.3% | 0.71% | −0.05 |
| MDST Westwd Sat Encd Mdstr in ETF | Reduce -10.1% | 0.22% | −0.03 |
| BEN Franklin Templeton Inc. | Reduce -6.8% | 0.46% | −0.02 |
| GLD SPDR Gold Shares | Reduce -12.3% | 0.28% | −0.00 |
| IBM Intl Business Machines Corp. | Reduce -3.9% | 0.62% | +0.01 |
| GILD Gilead Sciences Inc. | Reduce -7.8% | 0.65% | +0.02 |
| MGA Magna International Inc. | Reduce -9.5% | 0.76% | +0.02 |
| HDEF Xtrackers MSCI Eafe High Div | Reduce -1.5% | 1.71% | +0.07 |
Portfolio Buys Q3 2025 → Q4 2025
| VTI VG Morningstar TS MKT ETF-US | Add +27.1% | 8.38% | +1.97 |
| FDL First Trust Morn DVD Lead Inc. | New | 1.47% | +1.47 |
| ZROZ PIMCO 25+ YR Zero CPN US Tif | Add +92.3% | 3.06% | +1.39 |
| RSP Invesco S&P 500 Equal Weight | New | 0.80% | +0.80 |
| USMV iShares MSCI USA Min Vol Fac | Add +15.0% | 6.15% | +0.78 |
| AAPL Apple Inc. | Add +0.1% | 6.82% | +0.48 |
| ABBV Abbvie Inc. | New | 0.36% | +0.36 |
| PRU Prudential Financial Inc. | New | 0.36% | +0.36 |
| CORP PIMCO Inv Grade Corp. BD ETF | Add +10.7% | 2.97% | +0.28 |
| BIV Vanguard Intermediate-Term B | Add +30.0% | 0.93% | +0.22 |
| JMBS Janus Henderson Mortg Backed | Add +6.4% | 3.19% | +0.21 |
| GOOGL Alphabet Inc. Class A | New | 0.18% | +0.18 |
| NRGV Energy Vault Holdings Inc. | Add +40.2% | 0.26% | +0.14 |
| TBF Proshares Short 20+ Treasury | Add +35.1% | 0.46% | +0.13 |
| VNQ Vanguard Real Estate ETF | Add +9.9% | 1.88% | +0.12 |
| GOOG Alphabet Inc. Class C | Add +17.2% | 0.28% | +0.10 |
| ACWI iShares MSCI Acwi ETF | Add +0.0% | 3.19% | +0.09 |
| VIOO Vanguard S&P Small-Cap 600 E | Add +5.5% | 1.22% | +0.08 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Add +3.6% | 2.25% | +0.07 |
| MSFT Microsoft Corp. | Add +19.3% | 0.21% | +0.02 |
| IVW iShares S&P 500 Growth ETF | Add +0.0% | 0.81% | +0.02 |
| QQQ Invesco QQQ Trust Series 1 | Add +0.1% | 0.47% | +0.01 |
| OSEA Harbor Intl Compounders ETF | Add +1.3% | 0.29% | +0.01 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +0.3% | 0.34% | +0.01 |
| VUG Vanguard Mrngstar GR ETF-Sui | Add +0.1% | 0.42% | +0.01 |
| PGX Invesco Preferred ETF | Add +1.8% | 1.45% | −0.01 |
| IBIT iShares Bitcoin Trust ETF | Add +0.5% | 0.54% | −0.16 |
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 |