Shilanski & Associates, Inc.
CIK 1722084 · View on SEC EDGAR ↗
- Portfolio value
- $376.3M
- Positions
- 109
- As of
- Sept. 30, 2025 Data as of Q3 2025
#4,520 of 9,443 by 13F value · top 47.9%
Portfolio value QoQ: +7.5% 13F does not disclose cash
- Top 10 holdings weight
- 43.90%
- Top 25 holdings weight
- 69.74%
- Positions above 1%
- 31
- Effective number of positions
- 28.3
Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)
Turnover Q3 2025: 9.95% Est. buys $47,197,588 · sells $36,146,169
Median holding: 4.0 quarters Tracked Q4 2024–Q3 2025 · 76.8% still held
- New positions
- 29
- Increased
- 63
- Decreased
- 12
- Closed
- 28
On this page
- Sector breakdown How the portfolio splits across market sectors.
- Portfolio Every stock this institution reports holding, from its latest 13F.
- High-conviction bets The holdings this manager is most concentrated in.
- Biggest new bets Brand-new positions opened in the latest quarter.
- Top moves The biggest position increases and decreases this quarter.
- Exited positions Positions the manager fully sold out of last quarter.
Sector breakdown
Technology
10.2%
Industrials
6.5%
Financials
5.1%
Utilities
5.0%
Consumer Staples
4.8%
Energy
4.1%
Materials
2.7%
Healthcare
2.2%
Communication Services
2.1%
Financial Services
2.0%
Communications
1.7%
Consumer products
1.1%
Retail
0.9%
Telecommunication
0.3%
Consumer Discretionary
0.2%
Other/Unmapped
51.2%
Full portfolio 109 positions
| Type | Streak | 8Q trend | |||||
|---|---|---|---|---|---|---|---|
| SPY SPY | $45,169,088 | 12.00% | 67,803 | $4,559,950 | Up ×3 | ||
| SCHB | $31,616,717 | 8.40% | 1,229,744 | $3,171,268 | Up ×3 | ||
| FNDF | $14,471,986 | 3.85% | 336,871 | $1,185,924 | Up ×3 | ||
| SPYG | $11,633,810 | 3.09% | 111,318 | $1,092,289 | Up ×3 | ||
| SPHD | $11,401,451 | 3.03% | 230,565 | $778,021 | Up ×3 | ||
| TIP | $10,477,578 | 2.78% | 94,206 | $664,164 | Up ×3 | ||
| JNK | $10,476,760 | 2.78% | 106,917 | $666,816 | Up ×3 | ||
| SPIB | $10,397,971 | 2.76% | 306,815 | $639,033 | Up ×3 | ||
| IBM International Business Machines Corporation Common Stock | $10,240,422 | 2.72% | 36,293 | $1,919,382 | Up ×1 | ||
| SRLN | $9,313,165 | 2.48% | 223,982 | $591,967 | Up ×3 | ||
| FNDC | $8,737,879 | 2.32% | 196,313 | $499,528 | Up ×3 | ||
| MSFT Microsoft Corporation - Common Stock | $8,526,841 | 2.27% | 16,463 | $582,770 | Up ×3 | ||
| NVDA NVIDIA Corporation - Common Stock | $7,614,438 | 2.02% | 40,808 | $1,319,649 | Up ×3 | ||
| MO Altria Group, Inc. | $7,383,720 | 1.96% | 111,773 | $820,618 | Up ×1 | ||
| XOM Exxon Mobil Corporation Common Stock | $6,962,990 | 1.85% | 61,756 | $532,761 | Up ×3 | ||
| BAC Bank of America Corporation Common Stock | $6,615,341 | 1.76% | 128,229 | $773,421 | Up ×3 | ||
| FTSM First Trust Enhanced Short Maturity ETF | $6,561,106 | 1.74% | 109,128 | $252,333 | Up ×1 | ||
| CSCO Cisco Systems, Inc. - Common Stock | $6,406,258 | 1.70% | 93,631 | $26,516 | Up ×3 | ||
| MMM 3M Company Common Stock | $5,947,958 | 1.58% | 38,329 | $243,194 | Up ×1 | ||
| SO Southern Company (The) Common Stock | $5,860,682 | 1.56% | 61,841 | $240,023 | Up ×1 | ||
| PM Philip Morris International Inc Common Stock | $5,846,866 | 1.55% | 36,047 | $-737,463 | Down ×3 | ||
| VDE | $5,414,557 | 1.44% | 43,020 | $497,640 | Up ×3 | ||
| RY Royal Bank Of Canada Common Stock | $5,211,150 | 1.38% | 35,373 | $708,325 | Up ×3 | ||
| HSBC HSBC Holdings, plc. Common Stock | $5,141,223 | 1.37% | 72,432 | Up ×1 | |||
| TLH | $4,991,279 | 1.33% | 48,464 | Up ×1 | |||
| ABBV AbbVie Inc. Common Stock | $4,681,201 | 1.24% | 20,218 | $889,159 | Down ×3 | ||
| KMI Kinder Morgan, Inc. Common Stock | $4,582,463 | 1.22% | 161,867 | $-5,883 | Up ×3 | ||
| KO Coca-Cola Company (The) Common Stock | $4,576,825 | 1.22% | 68,484 | $-265,805 | Up ×1 | ||
| PG Procter & Gamble Company (The) Common Stock | $4,299,413 | 1.14% | 27,982 | $-85,891 | Up ×1 | ||
| RIO Rio Tinto Plc Common Stock | $4,189,616 | 1.11% | 63,469 | $600,627 | Up ×3 | ||
| AAPL Apple Inc. - Common Stock | $4,112,044 | 1.09% | 16,149 | $789,367 | Down ×3 | ||
| PLTR Palantir Technologies Inc. - Class A Common Stock | $3,653,143 | 0.97% | 20,026 | Up ×1 | |||
| AWK American Water Works Company, Inc. Common Stock | $3,580,799 | 0.95% | 25,726 | $7,970 | Up ×1 | ||
| VPU | $3,504,500 | 0.93% | 18,502 | $306,038 | Up ×3 | ||
| CW Curtiss-Wright Corporation Common Stock | $3,341,046 | 0.89% | 6,154 | $434,941 | Up ×3 | ||
| DGRW WisdomTree U.S. Quality Dividend Growth Fund | $3,306,628 | 0.88% | 37,170 | $272,181 | Up ×3 | ||
| BK The Bank of New York Mellon Corporation Common Stock | $3,220,572 | 0.86% | 29,557 | $538,385 | Up ×3 | ||
| DTM DT Midstream, Inc. Common Stock | $3,210,132 | 0.85% | 28,393 | $231,373 | Up ×3 | ||
| NRG NRG Energy, Inc. Common Stock | $3,205,898 | 0.85% | 19,796 | $166,407 | Up ×3 | ||
| VST Vistra Corp. Common Stock | $3,112,763 | 0.83% | 15,888 | $157,852 | Up ×3 | ||
| BIZD | $3,104,850 | 0.83% | 207,821 | $-200,796 | Up ×3 | ||
| META Meta Platforms, Inc. - Class A Common Stock | $3,053,688 | 0.81% | 4,158 | $68,731 | Up ×3 | ||
| APH Amphenol Corporation Common Stock | $3,050,273 | 0.81% | 24,649 | Up ×1 | |||
| LMT Lockheed Martin Corporation Common Stock | $3,045,192 | 0.81% | 6,100 | $314,885 | Up ×3 | ||
| AXON Axon Enterprise, Inc. - Common Stock | $2,957,394 | 0.79% | 4,121 | $-2,720,619 | Down ×1 | ||
| CEG Constellation Energy Corporation - Common Stock When-Issued | $2,576,041 | 0.68% | 7,828 | $140,570 | Up ×2 | ||
| NEM Newmont Corporation | $2,327,715 | 0.62% | 27,609 | Up ×1 | |||
| DIS Walt Disney Company (The) Common Stock | $2,160,962 | 0.57% | 18,873 | Up ×1 | |||
| UAL United Airlines Holdings, Inc. - Common Stock | $2,145,581 | 0.57% | 22,234 | $427,006 | Up ×2 | ||
| CAH Cardinal Health, Inc. Common Stock | $2,127,593 | 0.57% | 13,555 | Up ×1 | |||
| MOS Mosaic Company (The) Common Stock | $2,024,408 | 0.54% | 58,374 | Up ×1 | |||
| CRS Carpenter Technology Corporation Common Stock | $1,939,213 | 0.52% | 7,898 | Up ×1 | |||
| GS Goldman Sachs Group, Inc. (The) Common Stock | $1,865,052 | 0.50% | 2,342 | Up ×1 | |||
| EBAY eBay Inc. - Common Stock | $1,822,183 | 0.48% | 20,035 | Up ×1 | |||
| PANW Palo Alto Networks, Inc. - Common Stock | $1,803,259 | 0.48% | 8,856 | $11,227 | Up ×3 | ||
| NWS News Corporation - Class B Common Stock | $1,788,148 | 0.48% | 51,755 | $66,837 | Up ×3 | ||
| MCO Moody's Corporation Common Stock | $1,691,224 | 0.45% | 3,549 | $-48,273 | Up ×3 | ||
| IVV | $919,276 | 0.24% | 1,373 | $98,508 | Up ×1 | ||
| AVGO Broadcom Inc. - Common Stock | $803,331 | 0.21% | 2,435 | $131,848 | Down ×3 | ||
| QQQ Invesco QQQ Trust, Series 1 | $612,477 | 0.16% | 1,020 | $50,221 | Up ×3 | ||
| AMZN Amazon.com, Inc. - Common Stock | $611,063 | 0.16% | 2,783 | $501 | |||
| CVX Chevron Corporation Common Stock | $581,704 | 0.15% | 3,746 | $49,281 | Up ×3 | ||
| EMBJ Embraer S.A. Common Stock | $567,746 | 0.15% | 9,392 | $40,987 | Up ×1 | ||
| GOOGL Alphabet Inc. - Class A Common Stock | $522,828 | 0.14% | 2,151 | $144,888 | Up ×1 | ||
| JPM JP Morgan Chase & Co. Common Stock | $500,903 | 0.13% | 1,588 | $42,265 | Up ×1 | ||
| GFI Gold Fields Limited American Depositary Shares | $451,406 | 0.12% | 10,758 | Up ×1 | |||
| BBVA Banco Bilbao Vizcaya Argentaria S.A. Common Stock | $426,715 | 0.11% | 22,167 | $89,743 | Up ×1 | ||
| MUFG Mitsubishi UFJ Financial Group, Inc. Common Stock | $426,140 | 0.11% | 26,734 | $64,741 | Up ×1 | ||
| JNJ Johnson & Johnson Common Stock | $419,102 | 0.11% | 2,260 | $73,408 | Down ×2 | ||
| HMY Harmony Gold Mining Company Limited | $415,798 | 0.11% | 22,909 | $105,119 | Up ×1 | ||
| CYD China Yuchai International Limited Common Stock | $399,014 | 0.11% | 9,645 | Up ×1 | |||
| MCD McDonald's Corporation Common Stock | $387,850 | 0.10% | 1,276 | $17,724 | Up ×1 | ||
| ORCL Oracle Corporation Common Stock | $387,267 | 0.10% | 1,377 | $86,432 | Up ×1 | ||
| SE Sea Limited American Depositary Shares, each representing one Class A Ordinary Share | $364,788 | 0.10% | 2,041 | $35,951 | Down ×1 | ||
| VZ Verizon Communications Inc. Common Stock | $358,003 | 0.10% | 8,146 | $8,706 | Up ×3 | ||
| BCS Barclays PLC Common Stock | $344,733 | 0.09% | 16,678 | $37,776 | Up ×2 | ||
| VNET VNET Group, Inc. - American Depositary Shares | $342,935 | 0.09% | 33,198 | $113,469 | Down ×2 | ||
| TIGR UP Fintech Holding Limited - American Depositary Shares representing fifteen Class A Ordinary Shares | $331,122 | 0.09% | 31,033 | $46,003 | Up ×3 | ||
| BVN Buenaventura Mining Company Inc. | $318,796 | 0.08% | 13,103 | Up ×1 | |||
| SBSW D/B/A Sibanye-Stillwater Limited ADS | $313,652 | 0.08% | 27,905 | Up ×1 | |||
| SAP SAP SE ADS | $282,975 | 0.08% | 1,059 | $-36,330 | Up ×1 | ||
| FUTU Futu Holdings Limited - American Depositary Shares | $274,604 | 0.07% | 1,579 | Up ×1 | |||
| CX Cemex, S.A.B. de C.V. Sponsored ADR | $269,997 | 0.07% | 30,033 | Up ×1 | |||
| ALK Alaska Air Group, Inc. Common Stock | $267,860 | 0.07% | 5,381 | $4,583 | Up ×2 | ||
| NFLX Netflix, Inc. - Common Stock | $262,563 | 0.07% | 219 | $-32,046 | Down ×1 | ||
| PDP Invesco Dorsey Wright Momentum ETF | $262,199 | 0.07% | 2,221 | $21,021 | |||
| ASND Ascendis Pharma A/S - American Depositary Shares | $259,248 | 0.07% | 1,304 | Up ×1 | |||
| KEP Korea Electric Power Corporation Common Stock | $256,237 | 0.07% | 19,635 | Up ×1 | |||
| RYAAY Ryanair Holdings plc - American Depositary Shares, each representing five Ordinary Shares | $255,453 | 0.07% | 4,242 | Up ×1 | |||
| DUK Duke Energy Corporation (Holding Company) Common Stock | $254,259 | 0.07% | 2,055 | $24,907 | Up ×1 | ||
| VIV Telefonica Brasil S.A. American Depositary Shares (Each representing One Common Share) | $252,284 | 0.07% | 19,787 | Up ×1 | |||
| IDCC InterDigital, Inc. - Common Stock | $251,673 | 0.07% | 729 | Up ×1 | |||
| MELI MercadoLibre, Inc. - Common Stock | $250,053 | 0.07% | 107 | $-32,219 | Down ×1 | ||
| GRFS Grifols, S.A. - American Depositary Shares | $249,438 | 0.07% | 25,044 | Up ×1 | |||
| AXP American Express Company Common Stock | $248,124 | 0.07% | 747 | $9,846 | |||
| TSLA Tesla, Inc. - Common Stock | $246,820 | 0.07% | 555 | ||||
| SMFG Sumitomo Mitsui Financial Group Inc Unsponsored American Depositary Shares (Japan) | $243,165 | 0.06% | 14,526 | $23,481 | Down ×3 | ||
| WMT Walmart Inc. - Common Stock | $234,289 | 0.06% | 2,273 | $12,094 | Up ×1 | ||
| IWM | $230,104 | 0.06% | 951 | $24,888 | |||
| UNH UnitedHealth Group Incorporated Common Stock (DE) | $229,624 | 0.06% | 665 | $20,916 | Down ×3 | ||
| No matches | |||||||
Conviction holdings
Positions increased for 3+ consecutive quarters.
Share counts are as reported in 13F filings (not split-adjusted)
| Security | Value | % of portfolio | Streak |
|---|---|---|---|
| SPY | $45,169,088 | 12.00% | up ×3 |
| SCHB | $31,616,717 | 8.40% | up ×3 |
| FNDF | $14,471,986 | 3.85% | up ×3 |
| SPYG | $11,633,810 | 3.09% | up ×3 |
| SPHD | $11,401,451 | 3.03% | up ×3 |
| TIP | $10,477,578 | 2.78% | up ×3 |
| JNK | $10,476,760 | 2.78% | up ×3 |
| SPIB | $10,397,971 | 2.76% | up ×3 |
| SRLN | $9,313,165 | 2.48% | up ×3 |
| FNDC | $8,737,879 | 2.32% | up ×3 |
| MSFT | $8,526,841 | 2.27% | up ×3 |
| NVDA | $7,614,438 | 2.02% | up ×3 |
| XOM | $6,962,990 | 1.85% | up ×3 |
| BAC | $6,615,341 | 1.76% | up ×3 |
| CSCO | $6,406,258 | 1.70% | up ×3 |
Biggest new bets
New positions opened this quarter, largest first.
| Security | Value | Shares | % of portfolio |
|---|---|---|---|
| HSBC | $5,141,223 | 72,432 | 1.37% |
| TLH | $4,991,279 | 48,464 | 1.33% |
| PLTR | $3,653,143 | 20,026 | 0.97% |
| APH | $3,050,273 | 24,649 | 0.81% |
| NEM | $2,327,715 | 27,609 | 0.62% |
| DIS | $2,160,962 | 18,873 | 0.57% |
| CAH | $2,127,593 | 13,555 | 0.57% |
| MOS | $2,024,408 | 58,374 | 0.54% |
| CRS | $1,939,213 | 7,898 | 0.52% |
| GS | $1,865,052 | 2,342 | 0.50% |
| EBAY | $1,822,183 | 20,035 | 0.48% |
| GFI | $451,406 | 10,758 | 0.12% |
| CYD | $399,014 | 9,645 | 0.11% |
| BVN | $318,796 | 13,103 | 0.08% |
| SBSW | $313,652 | 27,905 | 0.08% |
Top movers (QoQ)
| Security | Action | Shares Δ | Value Δ |
|---|---|---|---|
| SPY | Bought more | +2K | +$4.6M |
| SCHB | Bought more | +36K | +$3.2M |
| AXON | Trimmed | -3K | -$2.7M |
| IBM | Bought more | +8K | +$1.9M |
| NVDA | Bought more | +968 | +$1.3M |
| FNDF | Bought more | +5K | +$1.2M |
| SPYG | Bought more | +727 | +$1.1M |
| ABBV | Trimmed | -211 | +$889K |
| MO | Bought more | +2K | +$821K |
| AAPL | Trimmed | -46 | +$789K |
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.
| Security | Quarter | Shares before | Value before | Price since exit |
|---|---|---|---|---|
| PSK | Sept. 30, 2025 | 146,118 | $4,640,704 | No longer tracked |
| LLY | March 31, 2025 | 3,795 | $2,929,668 | 51.3% |
| ESAB | Sept. 30, 2025 | 20,104 | $2,423,538 | -30.4% |
| FICO | Sept. 30, 2025 | 1,314 | $2,401,939 | -22.1% |
| TGT | Sept. 30, 2025 | 24,332 | $2,400,388 | 81.1% |
| EVR | Sept. 30, 2025 | 8,563 | $2,312,084 | -13.0% |
| BRKB | Sept. 30, 2025 | 4,612 | $2,240,371 | No longer tracked |
| LDOS | Sept. 30, 2025 | 13,411 | $2,115,672 | -24.9% |
| AFL | Sept. 30, 2025 | 19,555 | $2,062,229 | 4.7% |
| TAP | Sept. 30, 2025 | 40,654 | $1,955,043 | -6.3% |
| JLL | Sept. 30, 2025 | 7,372 | $1,885,610 | 30.0% |
| LPX | Sept. 30, 2025 | 19,177 | $1,649,004 | -16.6% |
| BRBR | Sept. 30, 2025 | 23,218 | $1,345,019 | -71.7% |
| OKE | Sept. 30, 2025 | 15,975 | $1,304,008 | 29.9% |
| DECK | Sept. 30, 2025 | 11,662 | $1,202,002 | -11.4% |
| VRNA | Sept. 30, 2025 | 6,658 | $629,714 | No longer tracked |
| BAK | March 31, 2025 | 1,800 | $419,670 | -48.7% |
| GGAL | Sept. 30, 2025 | 7,983 | $402,263 | 50.4% |
| TGS | March 31, 2025 | 4,421 | $388,783 | 6.6% |
| TSLA | March 31, 2025 | 935 | $377,590 | 34.6% |
| QFIN | Sept. 30, 2025 | 8,057 | $349,352 | -60.2% |
| BMA | Sept. 30, 2025 | 4,768 | $334,761 | 77.3% |
| YPF | Sept. 30, 2025 | 10,506 | $330,414 | 111.2% |
| UBS | Sept. 30, 2025 | 8,790 | $297,278 | 29.8% |
| PAM | Sept. 30, 2025 | 4,253 | $295,073 | 33.4% |
| RELX | Sept. 30, 2025 | 4,990 | $271,157 | -25.7% |
| TSM | Sept. 30, 2025 | 1,080 | $245,450 | 50.5% |
| ERIC | Sept. 30, 2025 | 28,798 | $244,207 | 22.9% |
| TSM | March 31, 2025 | 1,219 | $241,186 | 153.1% |
| VTI | March 31, 2025 | 795 | $230,399 | No longer tracked |
| ORCL | March 31, 2025 | 1,376 | $229,297 | 4.8% |
| IWM | March 31, 2025 | 989 | $218,529 | No longer tracked |
| MRK | June 30, 2025 | 2,400 | $215,388 | 91.6% |
| CHKP | Sept. 30, 2025 | 961 | $212,621 | -37.4% |
| MMYT | Sept. 30, 2025 | 2,042 | $200,157 | -35.0% |
| WBA | March 31, 2025 | 20,359 | $189,945 | No longer tracked |
| ING | March 31, 2025 | 11,816 | $185,157 | 77.9% |
| PSO | Sept. 30, 2025 | 11,755 | $175,504 | 14.1% |
| TEVA | Sept. 30, 2025 | 10,115 | $169,527 | 84.0% |