Shilanski & Associates, Inc.
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 1, 2025), Shilanski & Associates, Inc. reported 108 stock positions worth $350.0 million. Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 11.6% of the portfolio, followed by Schwab US Broad Market ETF (SCHB, 8.1%) and Schwab Fndmn Intl LRG Co. ETF (FNDF, 3.8%). Compared with Q1 2025, it opened 5 new positions, sold out of 1, added to 54 and reduced 45. The biggest buy was Axon Enterprise (AXON, shares +1%) and the biggest sale Abbvie (ABBV, shares −3%).
- Most Recent 13F
- Q3 2025
- Location
- ANCHORAGE, AK
- CIK
- 0001722084
- Portfolio Value
- $350.0M (Q2 2025)
- SEC Filing
- 0002063364-25-000164 ↗ filed Aug 1, 2025
Holdings Value
Holdings 108 stocks · $350.0M
| SPY SS SPDR S&P 500 ETF Trust-US | 11.60% | 65,727 | $40.6M | Add +2.6% |
| SCHB Schwab US Broad Market ETF | 8.13% | 1,193,682 | $28.4M | Add +2.8% |
| FNDF Schwab Fndmn Intl LRG Co. ETF | 3.80% | 331,986 | $13.3M | Add +0.8% |
| SPHD Invesco S&P 500 High Dividen | 3.04% | 223,369 | $10.6M | Add +0.8% |
| SPYG SS SPDR P S&P 500 Growth ETF | 3.01% | 110,591 | $10.5M | Add +2.1% |
| TIP iShares Tips Bond ETF | 2.80% | 89,180 | $9.8M | Add +2.2% |
| JNK SS SPDR BB High Yield Bond | 2.80% | 100,853 | $9.8M | Add +2.8% |
| SPIB SS SPDR P Int C Corp. ETF | 2.79% | 290,618 | $9.8M | Add +2.0% |
| SRLN SS Blackstone Sr Loan ETF | 2.49% | 209,695 | $8.7M | Add +2.9% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 2.38% | 28,228 | $8.3M | Reduce -1.2% |
| FNDC Schwab Fndmnt Intl SM Eq ETF | 2.35% | 195,918 | $8.2M | Add +0.2% |
| MSFT Microsoft Corp. | 2.27% | 15,971 | $7.9M | Add +1.5% |
| PM Philip Morris International | 1.88% | 36,152 | $6.6M | Reduce -2.0% |
| MO Altria Group Inc. | 1.88% | 110,032 | $6.6M | Reduce -0.4% |
| XOM Exxon Mobil Corp. | 1.84% | 59,650 | $6.4M | Add +1.5% |
| CSCO Cisco Systems Inc. | 1.82% | 91,954 | $6.4M | Add +0.3% |
| FTSM First Trust Enh Short Mat FD | 1.80% | 105,000 | $6.3M | Reduce -0.8% |
| NVDA Nvidia Corp. | 1.80% | 39,840 | $6.3M | Add +0.5% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 1.67% | 123,456 | $5.8M | Add +2.9% |
| MMM 3M Co. | 1.63% | 37,472 | $5.7M | Reduce -0.0% |
| AXON Axon Enterprise Inc. | 1.62% | 6,858 | $5.7M | Add +0.8% |
| SO The Southern Co. | 1.61% | 61,207 | $5.6M | Reduce -0.8% |
| VDE Vanguard Energy ETF | 1.40% | 41,277 | $4.9M | Add +2.7% |
| KO The Coca-Cola Co. | 1.38% | 67,959 | $4.8M | Reduce -1.1% |
| PSK SS SPDR Ice Pref Sec ETF | 1.33% | 146,118 | $4.6M | Add +4.5% |
| KMI Kinder Morgan Inc. | 1.31% | 156,066 | $4.6M | Add +2.5% |
| RY Royal Bank of Canada | 1.29% | 34,229 | $4.5M | Add +1.7% |
| PG The Procter & Gamble Co. | 1.25% | 27,525 | $4.4M | Reduce -0.5% |
| ABBV Abbvie Inc. | 1.08% | 20,429 | $3.8M | Reduce -2.7% |
| RIO Rio Tinto PLC-Spon ADR | 1.03% | 61,529 | $3.6M | Add +2.8% |
| AWK American Water Works Co. Inc. | 1.02% | 25,683 | $3.6M | Reduce -1.7% |
| AAPL Apple Inc. | 0.95% | 16,195 | $3.3M | Reduce -5.0% |
| BIZD Vaneck BDC Income ETF | 0.94% | 203,050 | $3.3M | Add +1.5% |
| VPU Vanguard Utilities ETF | 0.91% | 18,121 | $3.2M | Add +0.5% |
| NRG NRG Energy Inc. | 0.87% | 18,928 | $3.0M | Add +0.9% |
| DGRW Wisdomtree U.S. Quality Divi | 0.87% | 36,237 | $3.0M | Add +1.0% |
| META Meta Platforms Inc. Class A | 0.85% | 4,044 | $3.0M | Add +1.1% |
| DTM DT Midstream Inc. | 0.85% | 27,102 | $3.0M | Add +1.2% |
| VST Vistra Corp. | 0.84% | 15,246 | $3.0M | Add +1.4% |
| CW Curtiss-Wright Corp. | 0.83% | 5,946 | $2.9M | Add +0.6% |
| LMT Lockheed Martin Corp. | 0.78% | 5,895 | $2.7M | Add +1.5% |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 0.77% | 29,439 | $2.7M | Add +0.8% |
| CEG Constellation Energy | 0.70% | 7,546 | $2.4M | Add +0.6% |
| ESAB Esab Corp. | 0.69% | 20,104 | $2.4M | Add +1.0% |
| FICO Fair Isaac Corp. | 0.69% | 1,314 | $2.4M | Reduce -0.7% |
| TGT Target Corp. | 0.69% | 24,332 | $2.4M | Add +5.1% |
| EVR Evercore Inc. Class A | 0.66% | 8,563 | $2.3M | Reduce -1.4% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.64% | 4,612 | $2.2M | Add +1.1% |
| LDOS Leidos Holdings Inc. | 0.60% | 13,411 | $2.1M | Add +0.9% |
| AFL Aflac Inc. | 0.59% | 19,555 | $2.1M | Add +1.1% |
| TAP Molson Coors Beverage Co. Class B | 0.56% | 40,654 | $2.0M | Reduce -0.5% |
| JLL Jones Lang Lasalle Inc. | 0.54% | 7,372 | $1.9M | Reduce -1.6% |
| PANW Palo Alto Networks Inc. | 0.51% | 8,757 | $1.8M | Add +0.7% |
| MCO Moody's Corp. | 0.50% | 3,468 | $1.7M | Add +1.2% |
| NWS News Corp. Class B | 0.49% | 50,169 | $1.7M | Add +1.1% |
| UAL United Airlines Holdings Inc. | 0.49% | 21,582 | $1.7M | Add +0.5% |
| LPX Louisiana-Pacific Corp. | 0.47% | 19,177 | $1.6M | Reduce -1.0% |
| BRBR Bellring Brands Inc. | 0.38% | 23,218 | $1.3M | Add +1.1% |
| OKE Oneok Inc. | 0.37% | 15,975 | $1.3M | Reduce -0.7% |
| DECK Deckers Outdoor Corp. | 0.34% | 11,662 | $1.2M | Add +1.2% |
| IVV iShares Core S&P 500 ETF | 0.23% | 1,322 | $821K | Reduce -2.0% |
| AVGO Broadcom Inc. | 0.19% | 2,436 | $671K | Reduce -0.6% |
| VRNA Verona Pharma Ltd. | 0.18% | 6,658 | $630K | Reduce -0.5% |
| AMZN Amazon.com Inc. | 0.17% | 2,783 | $611K | Reduce -7.4% |
| QQQ Invesco QQQ Trust Series 1 | 0.16% | 1,019 | $562K | Add +0.1% |
| CVX Chevron Corp. | 0.15% | 3,718 | $532K | Add +0.8% |
| EMBJ Embraer SA-Spon ADR | 0.15% | 9,256 | $527K | Reduce -1.4% |
| JPM JPMorgan Chase & Co. | 0.13% | 1,582 | $459K | No change |
| GGAL Grupo Financiero Galicia-ADR | 0.11% | 7,983 | $402K | Add +0.1% |
| GOOGL Alphabet Inc. Class A | 0.11% | 2,145 | $378K | Reduce -0.7% |
| MCD McDonald's Corp. | 0.11% | 1,267 | $370K | Reduce -0.3% |
| MUFG Mitsubishi Ufj Finl-Spon ADR | 0.10% | 26,341 | $361K | Reduce -0.5% |
| QFIN Qfin Holdings Inc.-ADR filed as QIFU TECHNOLOGY INC | 0.10% | 8,057 | $349K | Reduce -0.4% |
| VZ Verizon Communications Inc. | 0.10% | 8,072 | $349K | Add +0.3% |
| JNJ Johnson & Johnson | 0.10% | 2,263 | $346K | Reduce -3.6% |
| BBVA Banco Bilbao Vizcaya-SP ADR | 0.10% | 21,924 | $337K | Reduce -0.6% |
| BMA Banco Macro SA-ADR | 0.10% | 4,768 | $335K | Reduce -0.1% |
| YPF YPF S.A.-Sponsored ADR filed as YPF SOCIEDAD ANONIMA | 0.09% | 10,506 | $330K | Reduce -0.4% |
| SE Sea Ltd.-ADR | 0.09% | 2,056 | $329K | Add +0.3% |
| SAP Sap SE-Sponsored ADR | 0.09% | 1,050 | $319K | Reduce -0.5% |
| HMY Harmony Gold MNG-Spon ADR | 0.09% | 22,239 | $311K | Reduce -0.2% |
| BCS Barclays PLC-Spons ADR | 0.09% | 16,512 | $307K | Add +0.0% |
| ORCL Oracle Corp. | 0.09% | 1,376 | $301K | New |
| UBS UBS Group AG-Reg | 0.08% | 8,790 | $297K | Reduce -1.2% |
| PAM Pampa Energia SA-Spon ADR | 0.08% | 4,253 | $295K | Add +0.1% |
| NFLX Netflix Inc. | 0.08% | 220 | $295K | No change |
| TIGR Up Fintech Holding Ltd. - ADR | 0.08% | 29,546 | $285K | Add +0.3% |
| MELI MercadoLibre Inc. | 0.08% | 108 | $282K | Add +0.9% |
| RELX Relx PLC - Spon ADR | 0.08% | 4,990 | $271K | Reduce -0.1% |
| ALK Alaska Air Group Inc. | 0.08% | 5,321 | $263K | Add +0.2% |
| TSM Taiwan Semiconductor-SP ADR | 0.07% | 1,080 | $245K | New |
| ERIC Ericsson (lm) Tel-SP ADR filed as TELEFONAKTIEBOLAGET LM ERICS | 0.07% | 28,798 | $244K | Reduce -0.4% |
| KT KT Corp.-SP ADR | 0.07% | 11,671 | $243K | Reduce -0.9% |
| PDP Invesco Dorsey Wright Moment | 0.07% | 2,221 | $241K | No change |
| AXP American Express Co. | 0.07% | 747 | $238K | No change |
| VNET Vnet Group Inc.-ADR | 0.07% | 33,256 | $229K | Reduce -0.6% |
| DUK Duke Energy Corp. | 0.07% | 1,944 | $229K | Reduce -5.5% |
| WMT Walmart Inc. | 0.06% | 2,272 | $222K | Reduce -0.6% |
| SMFG Sumitomo Mitsui-Spons ADR | 0.06% | 14,539 | $220K | Reduce -0.6% |
| CHKP Check Point Software Tech | 0.06% | 961 | $213K | Reduce -0.2% |
Portfolio Sells Q1 2025 → Q2 2025
| ABBV Abbvie Inc. | Reduce -2.7% | 1.08% | −0.29 |
| AAPL Apple Inc. | Reduce -5.0% | 0.95% | −0.23 |
| PG The Procter & Gamble Co. | Reduce -0.5% | 1.25% | −0.22 |
| TAP Molson Coors Beverage Co. Class B | Reduce -0.5% | 0.56% | −0.22 |
| MO Altria Group Inc. | Reduce -0.4% | 1.88% | −0.19 |
| AWK American Water Works Co. Inc. | Reduce -1.7% | 1.02% | −0.18 |
| FTSM First Trust Enh Short Mat FD | Reduce -0.8% | 1.80% | −0.17 |
| SO The Southern Co. | Reduce -0.8% | 1.61% | −0.16 |
| KO The Coca-Cola Co. | Reduce -1.1% | 1.38% | −0.15 |
| OKE Oneok Inc. | Reduce -0.7% | 0.37% | −0.13 |
| MMM 3M Co. | Reduce -0.0% | 1.63% | −0.09 |
| LPX Louisiana-Pacific Corp. | Reduce -1.0% | 0.47% | −0.08 |
| FICO Fair Isaac Corp. | Reduce -0.7% | 0.69% | −0.07 |
| MRK Merck & Co. Inc. | Sold out | 0.00% | −0.07 |
| UNH Unitedhealth Group Inc. | Reduce -1.3% | 0.06% | −0.05 |
| JLL Jones Lang Lasalle Inc. | Reduce -1.6% | 0.54% | −0.04 |
| JNJ Johnson & Johnson | Reduce -3.6% | 0.10% | −0.02 |
| YPF YPF S.A.-Sponsored ADR | Reduce -0.4% | 0.09% | −0.02 |
| VNET Vnet Group Inc.-ADR | Reduce -0.6% | 0.07% | −0.02 |
| MCD McDonald's Corp. | Reduce -0.3% | 0.11% | −0.02 |
| BMA Banco Macro SA-ADR | Reduce -0.1% | 0.10% | −0.02 |
| HMY Harmony Gold MNG-Spon ADR | Reduce -0.2% | 0.09% | −0.01 |
| QFIN Qfin Holdings Inc.-ADR | Reduce -0.4% | 0.10% | −0.01 |
| AMGN Amgen Inc. | Reduce -0.1% | 0.06% | −0.01 |
| DUK Duke Energy Corp. | Reduce -5.5% | 0.07% | −0.01 |
| MUFG Mitsubishi Ufj Finl-Spon ADR | Reduce -0.5% | 0.10% | −0.01 |
| SMFG Sumitomo Mitsui-Spons ADR | Reduce -0.6% | 0.06% | −0.01 |
| CHKP Check Point Software Tech | Reduce -0.2% | 0.06% | −0.01 |
| AMZN Amazon.com Inc. | Reduce -7.4% | 0.17% | −0.00 |
| IVV iShares Core S&P 500 ETF | Reduce -2.0% | 0.23% | −0.00 |
| RELX Relx PLC - Spon ADR | Reduce -0.1% | 0.08% | −0.00 |
| TEVA Teva Pharmaceutical-SP ADR | Reduce -1.3% | 0.05% | −0.00 |
| ERIC Ericsson (lm) Tel-SP ADR | Reduce -0.4% | 0.07% | −0.00 |
| UBS UBS Group AG-Reg | Reduce -1.2% | 0.08% | −0.00 |
| WMT Walmart Inc. | Reduce -0.6% | 0.06% | +0.00 |
| AEG Aegon Ltd.-NY Reg SHR | Reduce -0.2% | 0.06% | +0.00 |
| BBVA Banco Bilbao Vizcaya-SP ADR | Reduce -0.6% | 0.10% | +0.00 |
| SAP Sap SE-Sponsored ADR | Reduce -0.5% | 0.09% | +0.00 |
| GOOGL Alphabet Inc. Class A | Reduce -0.7% | 0.11% | +0.00 |
| KT KT Corp.-SP ADR | Reduce -0.9% | 0.07% | +0.00 |
| EMBJ Embraer SA-Spon ADR | Reduce -1.4% | 0.15% | +0.02 |
| VRNA Verona Pharma Ltd. | Reduce -0.5% | 0.18% | +0.05 |
| PM Philip Morris International | Reduce -2.0% | 1.88% | +0.05 |
| AVGO Broadcom Inc. | Reduce -0.6% | 0.19% | +0.06 |
| EVR Evercore Inc. Class A | Reduce -1.4% | 0.66% | +0.12 |
| IBM Intl Business Machines Corp. | Reduce -1.2% | 2.38% | +0.16 |
Portfolio Buys Q1 2025 → Q2 2025
| AXON Axon Enterprise Inc. | Add +0.8% | 1.62% | +0.51 |
| NVDA Nvidia Corp. | Add +0.5% | 1.80% | +0.46 |
| MSFT Microsoft Corp. | Add +1.5% | 2.27% | +0.43 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +2.6% | 11.60% | +0.42 |
| SCHB Schwab US Broad Market ETF | Add +2.8% | 8.13% | +0.33 |
| NRG NRG Energy Inc. | Add +0.9% | 0.87% | +0.31 |
| SPYG SS SPDR P S&P 500 Growth ETF | Add +2.1% | 3.01% | +0.29 |
| VST Vistra Corp. | Add +1.4% | 0.84% | +0.29 |
| CW Curtiss-Wright Corp. | Add +0.6% | 0.83% | +0.25 |
| CEG Constellation Energy | Add +0.6% | 0.70% | +0.22 |
| FNDC Schwab Fndmnt Intl SM Eq ETF | Add +0.2% | 2.35% | +0.14 |
| META Meta Platforms Inc. Class A | Add +1.1% | 0.85% | +0.13 |
| BAC Bank of America Corp. | Add +2.9% | 1.67% | +0.11 |
| RY Royal Bank of Canada | Add +1.7% | 1.29% | +0.10 |
| ORCL Oracle Corp. | New | 0.09% | +0.09 |
| FNDF Schwab Fndmn Intl LRG Co. ETF | Add +0.8% | 3.80% | +0.08 |
| TSM Taiwan Semiconductor-SP ADR | New | 0.07% | +0.07 |
| IWM iShares Russell 2000 ETF | New | 0.06% | +0.06 |
| CSCO Cisco Systems Inc. | Add +0.3% | 1.82% | +0.06 |
| VTI VG Morningstar TS MKT ETF-US | New | 0.06% | +0.06 |
| MMYT Makemytrip Ltd. | New | 0.06% | +0.06 |
| PANW Palo Alto Networks Inc. | Add +0.7% | 0.51% | +0.05 |
| DTM DT Midstream Inc. | Add +1.2% | 0.85% | +0.04 |
| LDOS Leidos Holdings Inc. | Add +0.9% | 0.60% | +0.04 |
| UAL United Airlines Holdings Inc. | Add +0.5% | 0.49% | +0.03 |
| NWS News Corp. Class B | Add +1.1% | 0.49% | +0.02 |
| MELI MercadoLibre Inc. | Add +0.9% | 0.08% | +0.02 |
| QQQ Invesco QQQ Trust Series 1 | Add +0.1% | 0.16% | +0.01 |
| SE Sea Ltd.-ADR | Add +0.3% | 0.09% | +0.01 |
| BCS Barclays PLC-Spons ADR | Add +0.0% | 0.09% | +0.01 |
| TIGR Up Fintech Holding Ltd. - ADR | Add +0.3% | 0.08% | +0.00 |
| BNY Bank of New York Mellon Corp. | Add +0.8% | 0.77% | +0.00 |
| MCO Moody's Corp. | Add +1.2% | 0.50% | −0.00 |
| ALK Alaska Air Group Inc. | Add +0.2% | 0.08% | −0.01 |
| PSO Pearson PLC-Sponsored ADR | Add +0.5% | 0.05% | −0.01 |
| VZ Verizon Communications Inc. | Add +0.3% | 0.10% | −0.01 |
| PAM Pampa Energia SA-Spon ADR | Add +0.1% | 0.08% | −0.02 |
| GGAL Grupo Financiero Galicia-ADR | Add +0.1% | 0.11% | −0.02 |
| DGRW Wisdomtree U.S. Quality Divi | Add +1.0% | 0.87% | −0.03 |
| LMT Lockheed Martin Corp. | Add +1.5% | 0.78% | −0.03 |
| ESAB Esab Corp. | Add +1.0% | 0.69% | −0.03 |
| CVX Chevron Corp. | Add +0.8% | 0.15% | −0.04 |
| KMI Kinder Morgan Inc. | Add +2.5% | 1.31% | −0.04 |
| VPU Vanguard Utilities ETF | Add +0.5% | 0.91% | −0.05 |
| DECK Deckers Outdoor Corp. | Add +1.2% | 0.34% | −0.06 |
| TGT Target Corp. | Add +5.1% | 0.69% | −0.07 |
| AFL Aflac Inc. | Add +1.1% | 0.59% | −0.08 |
| PSK SS SPDR Ice Pref Sec ETF | Add +4.5% | 1.33% | −0.09 |
| RIO Rio Tinto PLC-Spon ADR | Add +2.8% | 1.03% | −0.10 |
| BIZD Vaneck BDC Income ETF | Add +1.5% | 0.94% | −0.10 |
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 |