Shilanski & Associates, Inc.

Name: Shilanski & Associates, Inc. 13F holdings, Q2 2025
Creator: Shilanski & Associates, Inc.
Published: 2025-08-01

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

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%
AMGN Amgen Inc.	0.06%	752	$210K	Reduce -0.1%
UNH Unitedhealth Group Inc.	0.06%	669	$209K	Reduce -1.3%
IWM iShares Russell 2000 ETF	0.06%	951	$205K	New
VTI VG Morningstar TS MKT ETF-US	0.06%	661	$202K	New
MMYT Makemytrip Ltd.	0.06%	2,042	$200K	New
AEG Aegon Ltd.-NY Reg SHR	0.06%	25,849	$193K	Reduce -0.2%
PSO Pearson PLC-Sponsored ADR	0.05%	11,755	$176K	Add +0.5%
TEVA Teva Pharmaceutical-SP ADR	0.05%	10,115	$170K	Reduce -1.3%

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