SHEPHERD KAPLAN KROCHUK, LLC

CIK 1218583 · View on SEC EDGAR ↗

Portfolio value
$125.9M
#7,901 of 9,443 by 13F value · top 83.7%
Positions
62
As of
June 30, 2026

Portfolio value QoQ: +5.8% 13F does not disclose cash

Top 10 holdings weight
50.67%
Top 25 holdings weight
80.52%
Positions above 1%
27
Effective number of positions
26.4

Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)

Turnover Q2 2026: 8.15% Est. buys $10,715,212 · sells $9,972,573

Median holding: 7.0 quarters Tracked Q4 2024–Q2 2026 · 84.9% still held

New positions
3
Increased
19
Decreased
27
Closed
2
On this page

Sector breakdown

Technology
9.1%
Energy
5.3%
Healthcare
1.8%
Materials
1.2%
Consumer Discretionary
0.8%
Utilities
0.6%
Financials
0.6%
Financial Services
0.6%
Communication Services
0.5%
Telecommunication
0.3%
Industrials
0.3%
Other/Unmapped
78.8%

Full portfolio 62 positions

Type Streak 8Q trend
VTI $12,520,691 9.95% 33,836 $1,586,381 Down ×1
AAPL Apple Inc. - Common Stock $8,801,912 6.99% 30,419 $1,082,574 Up ×5
USMV $8,095,791 6.43% 83,929 $915,304 Up ×1
ANGL VanEck Fallen Angel High Yield Bond ETF $8,068,749 6.41% 275,949 $-81,901 Down ×3
SCHV $5,460,645 4.34% 156,870 $280,830 Down ×5
JQUA $5,133,667 4.08% 71,025 $617,159 Down ×6
MTUM $4,082,142 3.24% 11,907 $151,060 Down ×3
FDL $4,021,944 3.20% 82,654 $2,062,385 Up ×1
ET Energy Transfer LP Common Units $3,891,341 3.09% 203,522 $-257,406 Down ×1
IJR $3,693,661 2.93% 24,905 $553,093 Down ×4
JMBS $3,200,634 2.54% 71,141 $-369,309 Down ×2
CORP $3,138,203 2.49% 32,386 $-178,939 Down ×2
VO $3,047,171 2.42% 37,820 $340,307 Up ×4
JEPI $3,023,374 2.40% 53,530 $413,033 Up ×1
ACWI iShares MSCI ACWI ETF $2,844,557 2.26% 18,122 $-908,217 Down ×2
BRKB $2,725,124 2.17% 5,446 $65,564 Down ×5
SHV iShares 0-1 Year Treasury Bond ETF $2,517,194 2.00% 22,811 $79,893 Up ×1
ZROZ $2,455,030 1.95% 38,300 $-1,138,555 Down ×2
VNQ $2,363,596 1.88% 24,511 $173,504 Down ×2
IBM International Business Machines Corporation Common Stock $2,166,352 1.72% 7,704 $1,555,669 Up ×2
PGX $2,126,862 1.69% 196,205 $543,517 Up ×1
SGOV iShares 0-3 Month Treasury Bond ETF $2,105,039 1.67% 20,910 $23,174 Up ×1
RSP $2,033,364 1.62% 9,557 $770,274 Up ×2
KMI Kinder Morgan, Inc. Common Stock $1,997,751 1.59% 62,488 $-155,446 Down ×5
VIOO $1,828,483 1.45% 13,294 $301,911
SPDN $1,677,272 1.33% 193,457 $336,888 Up ×1
HDEF $1,667,327 1.32% 51,877 $-454,037 Down ×4
BIV $1,133,366 0.90% 14,777 $5,257 Up ×6
SSPY $1,118,392 0.89% 11,509 $102,319
IVW $1,091,867 0.87% 7,939 $193,899
NEM Newmont Corporation $1,020,021 0.81% 10,921 $-162,177
MGA Magna International, Inc. Common Stock $1,013,396 0.81% 15,434 $54,859 Down ×4
IVV $969,279 0.77% 1,294 $124,084
EPD Enterprise Products Partners L.P. Common Stock $828,497 0.66% 22,538 $-24,341
VOO $828,293 0.66% 1,206 $107,648
DUK Duke Energy Corporation (Holding Company) Common Stock $804,796 0.64% 6,358 $-49,849 Down ×5
GILD Gilead Sciences, Inc. - Common Stock $792,025 0.63% 6,269 $-91,999 Down ×5
ABBV AbbVie Inc. Common Stock $761,463 0.60% 3,026 $346,057 Up ×1
PFE Pfizer, Inc. Common Stock $740,797 0.59% 30,764 $-163,154 Down ×5
PRU Prudential Financial, Inc. Common Stock $703,704 0.56% 6,520 $324,667 Up ×2
BEN Franklin Resources, Inc. Common Stock $693,613 0.55% 20,848 $145,416 Down ×5
QQQ Invesco QQQ Trust, Series 1 $688,703 0.55% 935 $150,639 Up ×1
MSFT Microsoft Corporation - Common Stock $545,808 0.43% 1,463
NUV Nuveen Municipal Value Fund, Inc. Common Stock $537,443 0.43% 58,291 $-2,362 Down ×1
DOW Dow Inc. Common Stock $537,104 0.43% 19,631 $-575,034 Down ×3
AMLP $507,330 0.40% 9,785 $3,970 Up ×2
MDST Westwood Salient Enhanced Midstream Income ETF $503,602 0.40% 17,468 $-26,814 Down ×1
VTEB $497,050 0.39% 9,827 $6,781
VUG $469,763 0.37% 5,453 $72,939 Up ×1
SPY SPY $447,301 0.36% 599 $58,741 Up ×6
IBIT iShares Bitcoin Trust ETF $444,388 0.35% 13,349 $-68,481
VZ Verizon Communications Inc. Common Stock $428,465 0.34% 10,120 $-90,333 Down ×5
JPEM $381,577 0.30% 6,078 $-32,373 Down ×6
GSIE $371,404 0.30% 8,127 $-19,785 Down ×6
OSEA $359,688 0.29% 11,778 $18,726
GOOG Alphabet Inc. - Class C Capital Stock $328,675 0.26% 930 $61,938
NRGV Energy Vault Holdings, Inc. Common Stock $320,143 0.25% 67,971 $96,416 Up ×3
GLD $309,808 0.25% 841 $-52,066
TBF $299,507 0.24% 12,361 $-228,877 Down ×2
GOOGL Alphabet Inc. - Class A Common Stock $252,452 0.20% 706 $49,435
IWD $227,448 0.18% 938 Up ×1
SPGP $219,755 0.17% 1,797

Conviction holdings

Positions increased for 3+ consecutive quarters.

Share counts are as reported in 13F filings (not split-adjusted)

Security Value % of portfolio Streak
AAPL $8,801,912 6.99% up ×5
VO $3,047,171 2.42% up ×4
BIV $1,133,366 0.90% up ×6
SPY $447,301 0.36% up ×6
NRGV $320,143 0.25% up ×3

Biggest new bets

New positions opened this quarter, largest first.

Security Value Shares % of portfolio
MSFT $545,808 1,463 0.43%
IWD $227,448 938 0.18%
SPGP $219,755 1,797 0.17%

Top movers (QoQ)

Security Action Shares Δ Value Δ
FDL Bought more +44K +$2.1M
VTI Trimmed -247 +$1.6M
IBM Bought more +5K +$1.6M
ZROZ Trimmed -18K -$1.1M
AAPL Bought more +3 +$1.1M
USMV Bought more +7K +$915K
ACWI Trimmed -9K -$908K
RSP Bought more +3K +$770K
JQUA Trimmed -3K +$617K
DOW Trimmed -7K -$575K

Exited positions

Includes corporate events (mergers, delistings) — not all exits are sells

Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.

SecurityQuarter Shares before Value before Price since exit
TLT March 31, 2025 45,665 $3,987,924
CPB June 30, 2026 108,889 $2,424,958 5.1%
GDX June 30, 2025 25,731 $1,182,835 No longer tracked
TBF June 30, 2025 35,051 $827,204 No longer tracked
SHUS June 30, 2025 17,419 $735,887 No longer tracked
PNC Dec. 31, 2025 2,825 $567,627 21.6%
QQQ Dec. 31, 2025 919 $551,722
CMCSA Dec. 31, 2025 12,505 $392,907 -4.5%
NVDA March 31, 2025 2,431 $326,459 101.7%
SCHD June 30, 2026 10,094 $309,684 No longer tracked
T March 31, 2026 10,714 $266,133 -12.6%
MSFT March 31, 2026 514 $248,573 30.5%
SPGP March 31, 2026 1,797 $204,606 No longer tracked
MA March 31, 2025 388 $204,309 6.1%