Shepherd Kaplan Krochuk

Boston, MAfiles as SHEPHERD KAPLAN KROCHUK, LLC

$126m in 62 US stocks at the end of 30 June 2026. The top 10 are 50.7% of the money. It changed about 8.6% of the portfolio this quarter.

Value

$126m

Stocks

Top 10 share

50.7%

Turnover

8.6%

What changed this quarter

New

Bought for the first time this quarter.

MicrosoftMSFT
0.4% of the fund
Ishares TRIWD
0.2% of the fund
Invesco Exchange Traded FD TSPGP
0.2% of the fund

Added

Bought more of a stock they already held.

Ishares TRUSMV
6.4% of the fund
+8%
First TR Exchange-Traded FDFDL
3.2% of the fund
+114%
J P Morgan Exchange Traded FJEPI
2.4% of the fund
+16%
Ishares TRSHV
2.0% of the fund
+3%
International Business MachinesIBM
1.7% of the fund
+206%
Invesco Exch Traded FD TR IIPGX
1.7% of the fund
+35%
Invesco Exchange Traded FD TRSP
1.6% of the fund
+45%
Direxion Shares ETF TrustSPDN
1.3% of the fund
+44%
AbbVieABBV
0.6% of the fund
+58%
Prudential FinancialPRU
0.6% of the fund
+68%
Alps ETF TRAMLP
0.4% of the fund
+2%

Cut

Sold some of their stake.

Vaneck ETF TrustANGL
6.4% of the fund
-3%
Schwab Strategic TRSCHV
4.3% of the fund
-8%
J P Morgan Exchange Traded FJQUA
4.1% of the fund
-4%
Ishares TRMTUM
3.2% of the fund
-27%
Energy Transfer L PET
3.1% of the fund
-5%
Janus Detroit STR TRJMBS
2.5% of the fund
-10%
Pimco ETF TRCORP
2.5% of the fund
-5%
Ishares TRACWI
2.3% of the fund
-33%
Pimco ETF TRZROZ
2.0% of the fund
-32%
Kinder MorganKMI
1.6% of the fund
-3%
DBX ETF TRHDEF
1.3% of the fund
-21%
Magna InternationalMGA
0.8% of the fund
-10%
Duke EnergyDUK
0.6% of the fund
-3%
PfizerPFE
0.6% of the fund
-4%
Franklin TempletonBEN
0.6% of the fund
-10%
Nuveen Municipal Value FundNUV
0.4% of the fund
-3%
DOWDOW
0.4% of the fund
-26%
Ultimus Managers TRMDST
0.4% of the fund
-6%
Verizon CommunicationsVZ
0.3% of the fund
-2%
J P Morgan Exchange Traded FJPEM
0.3% of the fund
-9%
Goldman Sachs ETF TRGSIE
0.3% of the fund
-10%
Proshares TRTBF
0.2% of the fund
-43%

Sold out

Sold their entire stake.

Campbell'sCPB
-100%
Schwab Strategic TRSCHD
-100%

Holdings

Vanguard Index FDSVTI
Share
9.9%
Value
$13m
Shares
33,836
Held
AppleAAPL
Share
7.0%
Value
$9m
Shares
30,419
Held
Ishares TRUSMV
Share
6.4%
Value
$8m
Shares
83,929
+8%
Vaneck ETF TrustANGL
Share
6.4%
Value
$8m
Shares
275,949
-3%
Schwab Strategic TRSCHV
Share
4.3%
Value
$5m
Shares
156,870
-8%
J P Morgan Exchange Traded FJQUA
Share
4.1%
Value
$5m
Shares
71,025
-4%
Ishares TRMTUM
Share
3.2%
Value
$4m
Shares
11,907
-27%
First TR Exchange-Traded FDFDL
Share
3.2%
Value
$4m
Shares
82,654
+114%
Energy Transfer L PET
Share
3.1%
Value
$4m
Shares
203,522
-5%
Ishares TRIJR
Share
2.9%
Value
$4m
Shares
24,905
Held
Janus Detroit STR TRJMBS
Share
2.5%
Value
$3m
Shares
71,141
-10%
Pimco ETF TRCORP
Share
2.5%
Value
$3m
Shares
32,386
-5%
Vanguard Index FDSVO
Share
2.4%
Value
$3m
Shares
37,820
Held
J P Morgan Exchange Traded FJEPI
Share
2.4%
Value
$3m
Shares
53,530
+16%
Ishares TRACWI
Share
2.3%
Value
$3m
Shares
18,122
-33%
Berkshire HathawayBRK-B
Share
2.2%
Value
$3m
Shares
5,446
Held
Ishares TRSHV
Share
2.0%
Value
$3m
Shares
22,811
+3%
Pimco ETF TRZROZ
Share
2.0%
Value
$2m
Shares
38,300
-32%
Vanguard Index FDSVNQ
Share
1.9%
Value
$2m
Shares
24,511
Held
International Business MachinesIBM
Share
1.7%
Value
$2m
Shares
7,704
+206%
Invesco Exch Traded FD TR IIPGX
Share
1.7%
Value
$2m
Shares
196,205
+35%
Ishares TRSGOV
Share
1.7%
Value
$2m
Shares
20,910
Held
Invesco Exchange Traded FD TRSP
Share
1.6%
Value
$2m
Shares
9,557
+45%
Kinder MorganKMI
Share
1.6%
Value
$2m
Shares
62,488
-3%
Vanguard Admiral FDSVIOO
Share
1.5%
Value
$2m
Shares
13,294
Held
Direxion Shares ETF TrustSPDN
Share
1.3%
Value
$2m
Shares
193,457
+44%
DBX ETF TRHDEF
Share
1.3%
Value
$2m
Shares
51,877
-21%
Vanguard BD Index FDSBIV
Share
0.9%
Value
$1m
Shares
14,777
Held
Exchange Listed FDS TRSSPY
Share
0.9%
Value
$1m
Shares
11,509
Held
Ishares TRIVW
Share
0.9%
Value
$1m
Shares
7,939
Held
NewmontNEM
Share
0.8%
Value
$1m
Shares
10,921
Held
Magna InternationalMGA
Share
0.8%
Value
$1m
Shares
15,434
-10%
Ishares TRIVV
Share
0.8%
Value
$969,279
Shares
1,294
Held
Enterprise Products Partners L.P.EPD
Share
0.7%
Value
$828,497
Shares
22,538
Held
Vanguard Index FDSVOO
Share
0.7%
Value
$828,293
Shares
1,206
Held
Duke EnergyDUK
Share
0.6%
Value
$804,796
Shares
6,358
-3%
Gilead SciencesGILD
Share
0.6%
Value
$792,025
Shares
6,269
Held
AbbVieABBV
Share
0.6%
Value
$761,463
Shares
3,026
+58%
PfizerPFE
Share
0.6%
Value
$740,797
Shares
30,764
-4%
Prudential FinancialPRU
Share
0.6%
Value
$703,704
Shares
6,520
+68%
Franklin TempletonBEN
Share
0.6%
Value
$693,613
Shares
20,848
-10%
Invesco QQQ TRQQQ
Share
0.5%
Value
$688,703
Shares
935
Held
MicrosoftMSFT
Share
0.4%
Value
$545,808
Shares
1,463
New
Nuveen Municipal Value FundNUV
Share
0.4%
Value
$537,443
Shares
58,291
-3%
DOWDOW
Share
0.4%
Value
$537,104
Shares
19,631
-26%
Alps ETF TRAMLP
Share
0.4%
Value
$507,330
Shares
9,785
+2%
Ultimus Managers TRMDST
Share
0.4%
Value
$503,602
Shares
17,468
-6%
Vanguard MUN BD FDSVTEB
Share
0.4%
Value
$497,050
Shares
9,827
Held
Vanguard Index FDSVUG
Share
0.4%
Value
$469,763
Shares
5,453
Held
State STR Spdr S&P 500 ETF TSPY
Share
0.4%
Value
$447,301
Shares
599
Held
Ishares Bitcoin Trust ETFIBIT
Share
0.4%
Value
$444,388
Shares
13,349
Held
Verizon CommunicationsVZ
Share
0.3%
Value
$428,465
Shares
10,120
-2%
J P Morgan Exchange Traded FJPEM
Share
0.3%
Value
$381,577
Shares
6,078
-9%
Goldman Sachs ETF TRGSIE
Share
0.3%
Value
$371,404
Shares
8,127
-10%
Harbor ETF TrustOSEA
Share
0.3%
Value
$359,688
Shares
11,778
Held
AlphabetGOOG
Share
0.3%
Value
$328,675
Shares
930
Held
Energy Vault HoldingsNRGV
Share
0.3%
Value
$320,143
Shares
67,971
Held
Spdr Gold TRGLD
Share
0.2%
Value
$309,808
Shares
841
Held
Proshares TRTBF
Share
0.2%
Value
$299,507
Shares
12,361
-43%
AlphabetGOOGL
Share
0.2%
Value
$252,452
Shares
706
Held
Ishares TRIWD
Share
0.2%
Value
$227,448
Shares
938
New
Invesco Exchange Traded FD TSPGP
Share
0.2%
Value
$219,755
Shares
1,797
New

Company	Share of fund	Value	Shares	Change
Vanguard Index FDSVTI	9.9%	$13m	33,836	Held
AppleAAPL	7.0%	$9m	30,419	Held
Ishares TRUSMV	6.4%	$8m	83,929	+8%
Vaneck ETF TrustANGL	6.4%	$8m	275,949	-3%
Schwab Strategic TRSCHV	4.3%	$5m	156,870	-8%
J P Morgan Exchange Traded FJQUA	4.1%	$5m	71,025	-4%
Ishares TRMTUM	3.2%	$4m	11,907	-27%
First TR Exchange-Traded FDFDL	3.2%	$4m	82,654	+114%
Energy Transfer L PET	3.1%	$4m	203,522	-5%
Ishares TRIJR	2.9%	$4m	24,905	Held
Janus Detroit STR TRJMBS	2.5%	$3m	71,141	-10%
Pimco ETF TRCORP	2.5%	$3m	32,386	-5%
Vanguard Index FDSVO	2.4%	$3m	37,820	Held
J P Morgan Exchange Traded FJEPI	2.4%	$3m	53,530	+16%
Ishares TRACWI	2.3%	$3m	18,122	-33%
Berkshire HathawayBRK-B	2.2%	$3m	5,446	Held
Ishares TRSHV	2.0%	$3m	22,811	+3%
Pimco ETF TRZROZ	2.0%	$2m	38,300	-32%
Vanguard Index FDSVNQ	1.9%	$2m	24,511	Held
International Business MachinesIBM	1.7%	$2m	7,704	+206%
Invesco Exch Traded FD TR IIPGX	1.7%	$2m	196,205	+35%
Ishares TRSGOV	1.7%	$2m	20,910	Held
Invesco Exchange Traded FD TRSP	1.6%	$2m	9,557	+45%
Kinder MorganKMI	1.6%	$2m	62,488	-3%
Vanguard Admiral FDSVIOO	1.5%	$2m	13,294	Held
Direxion Shares ETF TrustSPDN	1.3%	$2m	193,457	+44%
DBX ETF TRHDEF	1.3%	$2m	51,877	-21%
Vanguard BD Index FDSBIV	0.9%	$1m	14,777	Held
Exchange Listed FDS TRSSPY	0.9%	$1m	11,509	Held
Ishares TRIVW	0.9%	$1m	7,939	Held
NewmontNEM	0.8%	$1m	10,921	Held
Magna InternationalMGA	0.8%	$1m	15,434	-10%
Ishares TRIVV	0.8%	$969,279	1,294	Held
Enterprise Products Partners L.P.EPD	0.7%	$828,497	22,538	Held
Vanguard Index FDSVOO	0.7%	$828,293	1,206	Held
Duke EnergyDUK	0.6%	$804,796	6,358	-3%
Gilead SciencesGILD	0.6%	$792,025	6,269	Held
AbbVieABBV	0.6%	$761,463	3,026	+58%
PfizerPFE	0.6%	$740,797	30,764	-4%
Prudential FinancialPRU	0.6%	$703,704	6,520	+68%
Franklin TempletonBEN	0.6%	$693,613	20,848	-10%
Invesco QQQ TRQQQ	0.5%	$688,703	935	Held
MicrosoftMSFT	0.4%	$545,808	1,463	New
Nuveen Municipal Value FundNUV	0.4%	$537,443	58,291	-3%
DOWDOW	0.4%	$537,104	19,631	-26%
Alps ETF TRAMLP	0.4%	$507,330	9,785	+2%
Ultimus Managers TRMDST	0.4%	$503,602	17,468	-6%
Vanguard MUN BD FDSVTEB	0.4%	$497,050	9,827	Held
Vanguard Index FDSVUG	0.4%	$469,763	5,453	Held
State STR Spdr S&P 500 ETF TSPY	0.4%	$447,301	599	Held
Ishares Bitcoin Trust ETFIBIT	0.4%	$444,388	13,349	Held
Verizon CommunicationsVZ	0.3%	$428,465	10,120	-2%
J P Morgan Exchange Traded FJPEM	0.3%	$381,577	6,078	-9%
Goldman Sachs ETF TRGSIE	0.3%	$371,404	8,127	-10%
Harbor ETF TrustOSEA	0.3%	$359,688	11,778	Held
AlphabetGOOG	0.3%	$328,675	930	Held
Energy Vault HoldingsNRGV	0.3%	$320,143	67,971	Held
Spdr Gold TRGLD	0.2%	$309,808	841	Held
Proshares TRTBF	0.2%	$299,507	12,361	-43%
AlphabetGOOGL	0.2%	$252,452	706	Held
Ishares TRIWD	0.2%	$227,448	938	New
Invesco Exchange Traded FD TSPGP	0.2%	$219,755	1,797	New

Over time and by industry

Value over time

Jun '25

Dec '25

Jun '26

Value is up 9.4% since 30 June 2025.

Where the money is

Technology9.4%

Financial services3.3%

Health care1.8%

Energy1.6%

Utilities1.3%

Materials1.2%

Retail & consumer0.8%

Media & telecom0.8%

Other79.8%

From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.