Shilanski & Associates, Inc.

Name: Shilanski & Associates, Inc. 13F holdings, Q1 2025
Creator: Shilanski & Associates, Inc.
Published: 2025-04-25

Q3 2025Q2 2025Q4 2024Q3 2024Q2 2024Q1 2024

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 25, 2025), Shilanski & Associates, Inc. reported 104 stock positions worth $320.5 million. Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 11.2% of the portfolio, followed by Schwab US Broad Market ETF (SCHB, 7.8%) and Schwab Fndmn Intl LRG Co. ETF (FNDF, 3.7%). Compared with Q4 2024, it opened 13 new positions, sold out of 10, added to 59 and reduced 31. The biggest buy was Bank of New York Mellon (BNY, shares +255%) and the biggest sale an exit from Eli Lilly (LLY).

Most Recent 13F: Q3 2025
Location: ANCHORAGE, AK
CIK: 0001722084
Portfolio Value: $320.5M (Q1 2025)
SEC Filing: 0002063364-25-000039 ↗ filed Apr 25, 2025

Holdings Value

Holdings 104 stocks · $320.5M


SPY SS SPDR S&P 500 ETF Trust-US	11.18%	64,042	$35.8M	Add +3.5%
SCHB Schwab US Broad Market ETF	7.80%	1,161,301	$25.0M	Add +3.7%
FNDF Schwab Fndmn Intl LRG Co. ETF	3.71%	329,199	$11.9M	Add +1.8%
SPHD Invesco S&P 500 High Dividen	3.47%	221,518	$11.1M	Add +2.9%
TIP iShares Tips Bond ETF	3.02%	87,253	$9.7M	Add +3.2%
SPIB SS SPDR P Int C Corp. ETF	2.96%	284,991	$9.5M	Add +4.8%
JNK SS SPDR BB High Yield Bond	2.92%	98,126	$9.4M	Add +4.8%
SPYG SS SPDR P S&P 500 Growth ETF	2.72%	108,353	$8.7M	Add +2.6%
SRLN SS Blackstone Sr Loan ETF	2.62%	203,812	$8.4M	Add +5.4%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS	2.22%	28,572	$7.1M	Reduce -3.5%
FNDC Schwab Fndmnt Intl SM Eq ETF	2.21%	195,567	$7.1M	Add +2.1%
XOM Exxon Mobil Corp.	2.18%	58,758	$7.0M	Add +5.7%
MO Altria Group Inc.	2.07%	110,502	$6.6M	Add +2.1%
FTSM First Trust Enh Short Mat FD	1.98%	105,894	$6.3M	Add +1.1%
MSFT Microsoft Corp.	1.84%	15,730	$5.9M	Add +6.9%
PM Philip Morris International	1.83%	36,879	$5.9M	Reduce -3.7%
SO The Southern Co.	1.77%	61,699	$5.7M	Add +0.7%
CSCO Cisco Systems Inc.	1.76%	91,644	$5.7M	Add +1.3%
MMM 3M Co.	1.72%	37,480	$5.5M	Reduce -5.8%
VDE Vanguard Energy ETF	1.63%	40,208	$5.2M	Add +7.6%
BAC Bank of America Corp. filed as BANK AMERICA CORP	1.56%	119,999	$5.0M	Add +6.9%
KO The Coca-Cola Co.	1.54%	68,749	$4.9M	Reduce -1.8%
PG The Procter & Gamble Co.	1.47%	27,673	$4.7M	Add +5.3%
PSK SS SPDR Ice Pref Sec ETF	1.41%	139,890	$4.5M	Add +6.5%
ABBV Abbvie Inc.	1.37%	21,002	$4.4M	Reduce -6.9%
KMI Kinder Morgan Inc.	1.35%	152,224	$4.3M	Add +9.0%
NVDA Nvidia Corp.	1.34%	39,655	$4.3M	Add +4.4%
AWK American Water Works Co. Inc.	1.20%	26,134	$3.9M	Reduce -0.5%
RY Royal Bank of Canada	1.18%	33,646	$3.8M	Add +5.5%
AAPL Apple Inc.	1.18%	17,056	$3.8M	Reduce -0.4%
RIO Rio Tinto PLC-Spon ADR	1.12%	59,853	$3.6M	Add +1.6%
AXON Axon Enterprise Inc.	1.12%	6,807	$3.6M	Add +4.1%
BIZD Vaneck BDC Income ETF	1.05%	200,009	$3.4M	Add +1.1%
VPU Vanguard Utilities ETF	0.96%	18,033	$3.1M	Add +2.0%
DGRW Wisdomtree U.S. Quality Divi	0.89%	35,886	$2.9M	Add +3.0%
LMT Lockheed Martin Corp.	0.81%	5,808	$2.6M	Add +9.2%
DTM DT Midstream Inc.	0.81%	26,790	$2.6M	Add +4.7%
TAP Molson Coors Beverage Co. Class B	0.78%	40,854	$2.5M	Add +0.9%
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP	0.76%	29,221	$2.5M	Add +254.9%
FICO Fair Isaac Corp.	0.76%	1,323	$2.4M	Reduce -16.8%
BRK.B Berkshire Hathaway Inc. Class B	0.76%	4,563	$2.4M	Add +4.2%
TGT Target Corp.	0.75%	23,157	$2.4M	Add +9.5%
ESAB Esab Corp.	0.72%	19,897	$2.3M	Add +4.7%
META Meta Platforms Inc. Class A	0.72%	3,999	$2.3M	Add +4.8%
AFL Aflac Inc.	0.67%	19,332	$2.1M	Add +4.1%
CW Curtiss-Wright Corp.	0.58%	5,908	$1.9M	Add +5.4%
JLL Jones Lang Lasalle Inc.	0.58%	7,492	$1.9M	Add +2.1%
LDOS Leidos Holdings Inc.	0.56%	13,297	$1.8M	Add +2.7%
NRG NRG Energy Inc.	0.56%	18,753	$1.8M	Add +1.7%
LPX Louisiana-Pacific Corp.	0.56%	19,366	$1.8M	Add +7.3%
VST Vistra Corp.	0.55%	15,036	$1.8M	Add +8.9%
EVR Evercore Inc. Class A	0.54%	8,684	$1.7M	Add +2.7%
BRBR Bellring Brands Inc.	0.53%	22,954	$1.7M	Add +6.2%
MCO Moody's Corp.	0.50%	3,428	$1.6M	Add +5.4%
OKE Oneok Inc.	0.50%	16,085	$1.6M	Add +4.2%
CEG Constellation Energy	0.47%	7,505	$1.5M	Reduce -0.6%
NWS News Corp. Class B	0.47%	49,598	$1.5M	Add +5.5%
PANW Palo Alto Networks Inc.	0.46%	8,695	$1.5M	Add +4.0%
UAL United Airlines Holdings Inc.	0.46%	21,469	$1.5M	New
DECK Deckers Outdoor Corp.	0.40%	11,520	$1.3M	Add +4.4%
IVV iShares Core S&P 500 ETF	0.24%	1,349	$758K	Add +121.5%
CVX Chevron Corp.	0.19%	3,690	$617K	Add +0.4%
AMZN Amazon.com Inc.	0.18%	3,004	$572K	Reduce -2.0%
QQQ Invesco QQQ Trust Series 1	0.15%	1,018	$477K	Add +14.3%
GGAL Grupo Financiero Galicia-ADR	0.14%	7,977	$435K	Reduce -1.8%
EMBJ Embraer SA-Spon ADR	0.14%	9,385	$434K	Reduce -7.2%
VRNA Verona Pharma Ltd.	0.13%	6,693	$425K	Add +1.8%
AVGO Broadcom Inc.	0.13%	2,450	$410K	Reduce -0.3%
MCD McDonald's Corp.	0.12%	1,271	$397K	New
JNJ Johnson & Johnson	0.12%	2,348	$389K	Add +1.3%
JPM JPMorgan Chase & Co.	0.12%	1,582	$388K	Reduce -0.6%
YPF YPF S.A.-Sponsored ADR filed as YPF SOCIEDAD ANONIMA	0.12%	10,544	$369K	Reduce -21.5%
VZ Verizon Communications Inc.	0.11%	8,052	$365K	Add +1.0%
QFIN Qfin Holdings Inc.-ADR filed as QIFU TECHNOLOGY INC	0.11%	8,090	$363K	Reduce -4.3%
MUFG Mitsubishi Ufj Finl-Spon ADR	0.11%	26,478	$361K	Reduce -7.9%
BMA Banco Macro SA-ADR	0.11%	4,773	$360K	Add +2.4%
UNH Unitedhealth Group Inc.	0.11%	678	$355K	Reduce -1.3%
GOOGL Alphabet Inc. Class A	0.10%	2,159	$334K	Reduce -2.6%
HMY Harmony Gold MNG-Spon ADR	0.10%	22,281	$329K	Reduce -16.1%
PAM Pampa Energia SA-Spon ADR	0.10%	4,250	$328K	New
BBVA Banco Bilbao Vizcaya-SP ADR	0.09%	22,059	$300K	Reduce -9.6%
SAP Sap SE-Sponsored ADR	0.09%	1,055	$283K	Reduce -8.8%
VNET Vnet Group Inc.-ADR	0.09%	33,459	$274K	New
UBS UBS Group AG-Reg	0.09%	8,898	$273K	Reduce -8.0%
SE Sea Ltd.-ADR	0.08%	2,050	$268K	New
ALK Alaska Air Group Inc.	0.08%	5,311	$261K	Reduce -1.6%
BCS Barclays PLC-Spons ADR	0.08%	16,509	$254K	Reduce -8.0%
TIGR Up Fintech Holding Ltd. - ADR	0.08%	29,450	$253K	Add +59.1%
RELX Relx PLC - Spon ADR	0.08%	4,997	$252K	Reduce -9.2%
DUK Duke Energy Corp.	0.08%	2,056	$251K	Reduce -0.8%
AMGN Amgen Inc.	0.07%	753	$235K	New
SMFG Sumitomo Mitsui-Spons ADR	0.07%	14,632	$226K	Reduce -9.6%
ERIC Ericsson (lm) Tel-SP ADR filed as TELEFONAKTIEBOLAGET LM ERICS	0.07%	28,926	$224K	Reduce -6.8%
PDP Invesco Dorsey Wright Moment	0.07%	2,221	$222K	No change
CHKP Check Point Software Tech	0.07%	963	$219K	New
MRK Merck & Co. Inc.	0.07%	2,400	$215K	New
MELI MercadoLibre Inc.	0.07%	107	$209K	New
KT KT Corp.-SP ADR	0.07%	11,777	$209K	New
NFLX Netflix Inc.	0.06%	220	$205K	New
AXP American Express Co.	0.06%	747	$201K	Reduce -0.3%

Show all 104 holdings

Portfolio Sells Q4 2024 → Q1 2025


LLY Eli Lilly & Co.	Sold out	0.00%	−0.94
FICO Fair Isaac Corp.	Reduce -16.8%	0.76%	−0.26
AAPL Apple Inc.	Reduce -0.4%	1.18%	−0.19
BAK Braskem SA Class A- ADR	Sold out	0.00%	−0.13
TGS Transportador Gas-ADR SP B	Sold out	0.00%	−0.12
TSLA Tesla Inc.	Sold out	0.00%	−0.12
TSM Taiwan Semiconductor-SP ADR	Sold out	0.00%	−0.08
VTI VG Morningstar TS MKT ETF-US	Sold out	0.00%	−0.07
ORCL Oracle Corp.	Sold out	0.00%	−0.07
IWM iShares Russell 2000 ETF	Sold out	0.00%	−0.07
CEG Constellation Energy	Reduce -0.6%	0.47%	−0.07
YPF YPF S.A.-Sponsored ADR	Reduce -21.5%	0.12%	−0.07
WBA Walgreens Boots Alliance Inc.	Sold out	0.00%	−0.06
ING ING Groep N.V.-Sponsored ADR	Sold out	0.00%	−0.06
AVGO Broadcom Inc.	Reduce -0.3%	0.13%	−0.05
AMZN Amazon.com Inc.	Reduce -2.0%	0.18%	−0.04
WMT Walmart Inc.	Reduce -32.8%	0.06%	−0.04
ALK Alaska Air Group Inc.	Reduce -1.6%	0.08%	−0.03
GOOGL Alphabet Inc. Class A	Reduce -2.6%	0.10%	−0.03
GGAL Grupo Financiero Galicia-ADR	Reduce -1.8%	0.14%	−0.03
ERIC Ericsson (lm) Tel-SP ADR	Reduce -6.8%	0.07%	−0.01
UBS UBS Group AG-Reg	Reduce -8.0%	0.09%	−0.01
AXP American Express Co.	Reduce -0.3%	0.06%	−0.01
SMFG Sumitomo Mitsui-Spons ADR	Reduce -9.6%	0.07%	−0.00
SAP Sap SE-Sponsored ADR	Reduce -8.8%	0.09%	−0.00
RELX Relx PLC - Spon ADR	Reduce -9.2%	0.08%	−0.00
JPM JPMorgan Chase & Co.	Reduce -0.6%	0.12%	−0.00
UNH Unitedhealth Group Inc.	Reduce -1.3%	0.11%	−0.00
BCS Barclays PLC-Spons ADR	Reduce -8.0%	0.08%	+0.00
MUFG Mitsubishi Ufj Finl-Spon ADR	Reduce -7.9%	0.11%	+0.00
DUK Duke Energy Corp.	Reduce -0.8%	0.08%	+0.01
QFIN Qfin Holdings Inc.-ADR	Reduce -4.3%	0.11%	+0.01
EMBJ Embraer SA-Spon ADR	Reduce -7.2%	0.14%	+0.02
BBVA Banco Bilbao Vizcaya-SP ADR	Reduce -9.6%	0.09%	+0.02
HMY Harmony Gold MNG-Spon ADR	Reduce -16.1%	0.10%	+0.03
MMM 3M Co.	Reduce -5.8%	1.72%	+0.07
ABBV Abbvie Inc.	Reduce -6.9%	1.37%	+0.09
IBM Intl Business Machines Corp.	Reduce -3.5%	2.22%	+0.13
KO The Coca-Cola Co.	Reduce -1.8%	1.54%	+0.14
AWK American Water Works Co. Inc.	Reduce -0.5%	1.20%	+0.15
PM Philip Morris International	Reduce -3.7%	1.83%	+0.34

Portfolio Buys Q4 2024 → Q1 2025


BNY Bank of New York Mellon Corp.	Add +254.9%	0.76%	+0.56
UAL United Airlines Holdings Inc.	New	0.46%	+0.46
FNDF Schwab Fndmn Intl LRG Co. ETF	Add +1.8%	3.71%	+0.27
XOM Exxon Mobil Corp.	Add +5.7%	2.18%	+0.26
MO Altria Group Inc.	Add +2.1%	2.07%	+0.23
VDE Vanguard Energy ETF	Add +7.6%	1.63%	+0.17
SO The Southern Co.	Add +0.7%	1.77%	+0.15
SPHD Invesco S&P 500 High Dividen	Add +2.9%	3.47%	+0.13
TIP iShares Tips Bond ETF	Add +3.2%	3.02%	+0.13
KMI Kinder Morgan Inc.	Add +9.0%	1.35%	+0.13
MCD McDonald's Corp.	New	0.12%	+0.12
IVV iShares Core S&P 500 ETF	Add +121.5%	0.24%	+0.12
BRK.B Berkshire Hathaway Inc. Class B	Add +4.2%	0.76%	+0.12
FNDC Schwab Fndmnt Intl SM Eq ETF	Add +2.1%	2.21%	+0.11
PAM Pampa Energia SA-Spon ADR	New	0.10%	+0.10
SPIB SS SPDR P Int C Corp. ETF	Add +4.8%	2.96%	+0.10
VNET Vnet Group Inc.-ADR	New	0.09%	+0.09
SE Sea Ltd.-ADR	New	0.08%	+0.08
AMGN Amgen Inc.	New	0.07%	+0.07
CHKP Check Point Software Tech	New	0.07%	+0.07
MRK Merck & Co. Inc.	New	0.07%	+0.07
KT KT Corp.-SP ADR	New	0.07%	+0.07
MELI MercadoLibre Inc.	New	0.07%	+0.07
NFLX Netflix Inc.	New	0.06%	+0.06
PSO Pearson PLC-Sponsored ADR	New	0.06%	+0.06
PG The Procter & Gamble Co.	Add +5.3%	1.47%	+0.06
AFL Aflac Inc.	Add +4.1%	0.67%	+0.05
AEG Aegon Ltd.-NY Reg SHR	New	0.05%	+0.05
JNK SS SPDR BB High Yield Bond	Add +4.8%	2.92%	+0.05
CSCO Cisco Systems Inc.	Add +1.3%	1.76%	+0.05
TIGR Up Fintech Holding Ltd. - ADR	Add +59.1%	0.08%	+0.04
VRNA Verona Pharma Ltd.	Add +1.8%	0.13%	+0.03
VPU Vanguard Utilities ETF	Add +2.0%	0.96%	+0.03
TAP Molson Coors Beverage Co. Class B	Add +0.9%	0.78%	+0.03
SRLN SS Blackstone Sr Loan ETF	Add +5.4%	2.62%	+0.03
NRG NRG Energy Inc.	Add +1.7%	0.56%	+0.03
PSK SS SPDR Ice Pref Sec ETF	Add +6.5%	1.41%	+0.02
CVX Chevron Corp.	Add +0.4%	0.19%	+0.02
JNJ Johnson & Johnson	Add +1.3%	0.12%	+0.01
VZ Verizon Communications Inc.	Add +1.0%	0.11%	+0.01
BRBR Bellring Brands Inc.	Add +6.2%	0.53%	+0.01
RIO Rio Tinto PLC-Spon ADR	Add +1.6%	1.12%	+0.01
NWS News Corp. Class B	Add +5.5%	0.47%	+0.01
MCO Moody's Corp.	Add +5.4%	0.50%	+0.00
QQQ Invesco QQQ Trust Series 1	Add +14.3%	0.15%	+0.00
META Meta Platforms Inc. Class A	Add +4.8%	0.72%	+0.00
OKE Oneok Inc.	Add +4.2%	0.50%	+0.00
ESAB Esab Corp.	Add +4.7%	0.72%	−0.01
BIZD Vaneck BDC Income ETF	Add +1.1%	1.05%	−0.01
DGRW Wisdomtree U.S. Quality Divi	Add +3.0%	0.89%	−0.01

All Filings

Quarter	Positions	13F Reported Value	Top Holdings
Q3 2025	109	$376.3M	SPY, SCHB, FNDF, SPYG, SPHD
Q2 2025	108	$350.0M	SPY, SCHB, FNDF, SPHD, SPYG
Q1 2025	104	$320.5M	SPY, SCHB, FNDF, SPHD, TIP
Q4 2024	101	$311.7M	SPY, SCHB, FNDF, SPHD, SPYG
Q3 2024	102	$307.7M	SPY, SCHB, SPHD, FNDF, TIP
Q2 2024	108	$297.2M	SPY, SCHB, FNDF, SPHD, TIP
Q1 2024	105	$290.3M	SPY, SCHB, FNDF, SPHD, TIP