SHEPHERD KAPLAN KROCHUK, LLC
Sector Allocation
- Other72.3%$91.0M
- Technology9.9%$12.4M
- Financials7.7%$9.6M
- Energy5.3%$6.7M
- Healthcare1.8%$2.3M
- Materials1.2%$1.6M
- Industrials0.8%$1.0M
- Utilities0.6%$804,796
- Communication Services0.3%$428,465
AUM History
13fpro.ai/research/fund/shepherd-kaplan-krochuk-llc-1218583
Conviction and streaks
Stable · top 10 = 50.7%From the fund's last 12 quarters of 13F filings: positions held longest at size, and names it added to or trimmed several quarters running.
Largest positions — Q2 2026
- VANGUARD$12.5M
AAPL
$8.8M- ISHARES$8.1M
- VANECK$8.1M
- SCHWAB$5.5M
- J$5.1M
- ISHARES$4.1M
- FIRST$4.0M
ET
$3.9M- ISHARES$3.7M
- JANUS$3.2M
- PIMCO$3.1M
- VANGUARD$3.0M
- J$3.0M
- ISHARES$2.8M
BRK.B
$2.7M- ISHARES$2.5M
- PIMCO$2.5M
- VANGUARD$2.4M
IBM
$2.2M
Top 20 stock positions. Options are left out: 13F reports them at the underlying's value.
13fpro.ai/research/fund/shepherd-kaplan-krochuk-llc-1218583
SHEPHERD KAPLAN KROCHUK, LLC 13F holdings — Q2 2026
$125.9M portfolio (+5.8% QoQ) · 62 holdings · Q2 2026 13F · top 10 are 51% of the stock portfolio
- 1
VANGUARD INDEX FDS - TOTAL STK MKT
$12.5M
9.9% of stocks
-0.7%This quarter—Since filed—HeldAIQuality—Est. buy— $8.8M
7.0% of stocks
+0.0%This quarter+12.4%Since filed10+ qtrsHeld- 3
ISHARES TR - MSCI USA MIN ETF
$8.1M
6.4% of stocks
+8%This quarter—Since filed—HeldAIQuality—Est. buy— - 4
VANECK ETF TRUST - FALLEN ANGEL HG
$8.1M
6.4% of stocks
-3%This quarter—Since filed—HeldAIQuality—Est. buy— - 5
SCHWAB STRATEGIC TR - US LCAP VA ETF
$5.5M
4.3% of stocks
-8%This quarter—Since filed—HeldAIQuality—Est. buy— - 6
J P MORGAN EXCHANGE TRADED F - US QUALTY FCTR
$5.1M
4.1% of stocks
-4%This quarter—Since filed—HeldAIQuality—Est. buy— - 7
ISHARES TR - MSCI USA MMENTM
$4.1M
3.2% of stocks
-27%This quarter—Since filed—HeldAIQuality—Est. buy— - 8
FIRST TR EXCHANGE-TRADED FD - SHS
$4.0M
3.2% of stocks
+114%This quarter—Since filed—HeldAIQuality—Est. buy— $3.9M
3.1% of stocks
-5%This quarter-2.1%Since filed10+ qtrsHeld- 10
ISHARES TR - CORE S&P SCP ETF
$3.7M
2.9% of stocks
-1%This quarter—Since filed—HeldAIQuality—Est. buy—
| # | Company | Value | Weight | This quarter | Since filed | Held | AI quality | Est. buy | |
|---|---|---|---|---|---|---|---|---|---|
| 1 | VANGUARD INDEX FDS - TOTAL STK MKT | $12.5M | 9.9% | -0.7% | — | — | — | — | |
| 2 | $8.8M | 7.0% | +0.0% | +12.4% | 10+ qtrs | 75.7#88 | Estimated buy price is Pro: unlock with a free trial | ||
| 3 | ISHARES TR - MSCI USA MIN ETF | $8.1M | 6.4% | +8% | — | — | — | — | |
| 4 | VANECK ETF TRUST - FALLEN ANGEL HG | $8.1M | 6.4% | -3% | — | — | — | — | |
| 5 | SCHWAB STRATEGIC TR - US LCAP VA ETF | $5.5M | 4.3% | -8% | — | — | — | — | |
| 6 | J P MORGAN EXCHANGE TRADED F - US QUALTY FCTR | $5.1M | 4.1% | -4% | — | — | — | — | |
| 7 | ISHARES TR - MSCI USA MMENTM | $4.1M | 3.2% | -27% | — | — | — | — | |
| 8 | FIRST TR EXCHANGE-TRADED FD - SHS | $4.0M | 3.2% | +114% | — | — | — | — | |
| 9 | $3.9M | 3.1% | -5% | -2.1% | 10+ qtrs | 64.1#535 | Estimated buy price is Pro: unlock with a free trial | ||
| 10 | ISHARES TR - CORE S&P SCP ETF | $3.7M | 2.9% | -1% | — | — | — | — |
All holdings — SHEPHERD KAPLAN KROCHUK, LLC (Q2 2026)
62 disclosed positions from the Form 13F-HR on SEC EDGAR, with quarter-over-quarter share changes. Largest by value first; the ten above are not repeated.
| # | Company | Held | Source | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 11 | — | JANUS DETROIT STR TR - HENDERSON MTG | — | $3.2M | 2.5% | 71K | -10% | — | — | 13F |
| 12 | — | PIMCO ETF TR - INV GRD CRP BDetf/fund | — | $3.1M | 2.5% | 32K | -5% | — | — | 13F |
| 13 | — | VANGUARD INDEX FDS - MID CAP ETFetf/fund | — | $3.0M | 2.4% | 38K | +301% | — | — | 13F |
| 14 | — | J P MORGAN EXCHANGE TRADED F - EQUITY PREMIUM | — | $3.0M | 2.4% | 54K | +16% | — | — | 13F |
| 15 | — | ISHARES TR - MSCI ACWI ETFetf/fund | — | $2.8M | 2.3% | 18K | -33% | — | — | 13F |
| 16 | BERKSHIRE HATHAWAY INC | Financials | $2.7M | 2.2% | 5,446 | -2% | 10+ qtrs | 73.5 | 13F | |
| 17 | — | ISHARES TR - TRUST ISHARE 0-1etf/fund | — | $2.5M | 2.0% | 23K | +3% | — | — | 13F |
| 18 | — | PIMCO ETF TR - 25YR+ ZERO U Setf/fund | — | $2.5M | 1.9% | 38K | -32% | — | — | 13F |
| 19 | — | VANGUARD INDEX FDS - REAL ESTATE ETFetf/fund | — | $2.4M | 1.9% | 25K | -0.7% | — | — | 13F |
| 20 | INTERNATIONAL BUSINESS MACHINES CORP | Technology | $2.2M | 1.7% | 7,704 | +206% | 10+ qtrs | 69.6 | 13F | |
| 21 | Invesco Ltd.preferred | Financials | $2.1M | 1.7% | 196K | +35% | 10+ qtrs | — | 13F | |
| 22 | — | ISHARES TR - 0-3 MTH TREASURYetf/fund | — | $2.1M | 1.7% | 21K | +1% | — | — | 13F |
| 23 | Invesco Ltd. | Financials | $2.0M | 1.6% | 9,557 | +45% | 10+ qtrs | — | 13F | |
| 24 | KINDER MORGAN, INC. | Energy | $2.0M | 1.6% | 62K | -3% | 10+ qtrsTrimmed 4 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 25 | — | VANGUARD ADMIRAL FDS INC - SMLLCP 600 IDXetf/fund | — | $1.8M | 1.4% | 13K | — | — | — | 13F |
| 26 | — | DIREXION SHARES ETF TRUST - DAILY 500 1X ETF | — | $1.7M | 1.3% | 193K | +44% | |||
| 27 | — | DBX ETF TR - XTRACK MSCI EAFE | — | $1.7M | 1.3% | 52K | -21% | |||
| 28 | — | VANGUARD BD INDEX FDS - INTERMED TERM | — | $1.1M | 0.9% | 15K | +1% | |||
| 29 | — | EXCHANGE LISTED FDS TR - STR LAR IND ETF | — | $1.1M | 0.9% | 12K | — | |||
| 30 | — | ISHARES TR - S&P 500 GRWT ETF | — | $1.1M | 0.9% | 7,939 | — | |||
| 31 | $NEM | NEWMONT Corp /DE/ | Materials | $1.0M | 0.8% | 11K | — | |||
| 32 | $MGA | MAGNA INTERNATIONAL INC | Industrials | $1.0M | 0.8% | 15K | -10% | |||
| 33 | — | ISHARES TR - CORE S&P500 ETF | — | $969K | 0.8% | 1,294 | — | |||
| 34 | $EPD | ENTERPRISE PRODUCTS PARTNERS L.P. | Energy | $828K | 0.7% | 23K | — | |||
| 35 | — | VANGUARD INDEX FDS - S&P 500 ETF SHS | — | $828K | 0.7% | 1,206 | — | |||
| 36 | $DUK | Duke Energy CORP | Utilities | $805K | 0.6% | 6,358 | -3% | |||
| 37 | $GILD | GILEAD SCIENCES, INC. | Healthcare | $792K | 0.6% | 6,269 | -1% | |||
| 38 | $ABBV | AbbVie Inc. | Healthcare | $761K | 0.6% | 3,026 | +58% | |||
| 39 | $PFE | PFIZER INC | Healthcare | $741K | 0.6% | 31K | -4% | |||
| 40 | $PFH | PRUDENTIAL FINANCIAL INC | Financials | $704K | 0.6% | 6,520 | +68% | |||
| 41 | $BEN | FRANKLIN TEMPLETON INC | Financials | $694K | 0.6% | 21K | -10% | |||
| 42 | $QQQ | INVESCO QQQ TRUST, SERIES 1 | — | $689K | 0.6% | 935 | +0.3% | |||
| 43 | $MSFT | MICROSOFT CORP | Technology | $546K | 0.4% | 1,463 | New | |||
| 44 | $NUV | NUVEEN MUNICIPAL VALUE FUND INC | Other | $537K | 0.4% | 58K | -3% | |||
| 45 | $DOW | DOW INC. | Materials | $537K | 0.4% | 20K | -26% | |||
| 46 | — | ALPS ETF TR - ALERIAN MLP | — | $507K | 0.4% | 9,785 | +2% | |||
| 47 | — | ULTIMUS MANAGERS TR - WEST SA MIDS ETF | — | $504K | 0.4% | 17K | -6% | |||
| 48 | — | VANGUARD MUN BD FDS - TAX EXEMPT BD | — | $497K | 0.4% | 9,827 | — | |||
| 49 | — | VANGUARD INDEX FDS - GROWTH ETF | — | $470K | 0.4% | 5,453 | +500% | |||
| 50 | $SPY | SPDR S&P 500 ETF TRUST | — | $447K | 0.4% | 599 | +0.3% | |||
| 51 | $IBIT | iShares Bitcoin Trust ETF | Financials | $444K | 0.3% | 13K | — | |||
| 52 | $VZ | VERIZON COMMUNICATIONS INC | Communication Services | $428K | 0.3% | 10K | -2% | |||
| 53 | — | J P MORGAN EXCHANGE TRADED F - DIV RTN EM EQT | — | $382K | 0.3% | 6,078 | -9% | |||
| 54 | $GS | GOLDMAN SACHS GROUP INC | Financials | $371K | 0.3% | 8,127 | -10% | |||
| 55 | — | HARBOR ETF TRUST - INTERNATNAL COMP | — | $360K | 0.3% | 12K | — | |||
| 56 | $GOOG | Alphabet Inc. | Technology | $329K | 0.3% | 930 | — | |||
| 57 | $NRGV | Energy Vault Holdings, Inc. | Technology | $320K | 0.3% | 68K | +0.3% | |||
| 58 | $GLD | SPDR GOLD TRUST | Financials | $310K | 0.3% | 841 | — | |||
| 59 | — | PROSHARES TR - SHRT 20+YR TRE | — | $300K | 0.2% | 12K | -43% | |||
| 60 | $GOOGL | Alphabet Inc. | Technology | $252K | 0.2% | 706 | — | |||
| 61 | — | ISHARES TR - RUS 1000 VAL ETF | — | $227K | 0.2% | 938 | New | |||
| 62 | $IVZ | Invesco Ltd. | Financials | $220K | 0.2% | 1,797 | New |
What changed in Q2 2026
Against the previous quarter's 13F: 2 new, 19 added to, 27 trimmed, 2 sold out. Share-count changes; largest moves by dollar size first.
New positions (2)
$MSFTMICROSOFT CORP$546K
first bought this quarter
- ISHARES TR - RUS 1000 VAL ETF$227K
first bought this quarter
Added to (19)
- VANGUARD INDEX FDS - MID CAP ETF+301%
now $3.0M
- FIRST TR EXCHANGE-TRADED FD - SHS+114%
now $4.0M
now $2.2M · held 10+ qtrs
- ISHARES TR - MSCI USA MIN ETF+8%
now $8.1M
$IVZInvesco Ltd.+35%
now $2.1M · held 10+ qtrs
- DIREXION SHARES ETF TRUST - DAILY 500 1X ETF+44%
now $1.7M
+13 more in the Excel export
Trimmed (27)
- ISHARES TR - MSCI USA MMENTM-27%
now $4.1M
- ISHARES TR - MSCI ACWI ETF-33%
now $2.8M
- PIMCO ETF TR - 25YR+ ZERO U S-32%
now $2.5M
- SCHWAB STRATEGIC TR - US LCAP VA ETF-8%
now $5.5M
- DBX ETF TR - XTRACK MSCI EAFE-21%
now $1.7M
- JANUS DETROIT STR TR - HENDERSON MTG-10%
now $3.2M
+21 more in the Excel export
Sold out (2)
$CPBCAMPBELL'S Cowas $2.4M
held 9+ qtrs
- SCHWAB STRATEGIC TRwas $310K
Holdings by quarter
Every 13F SHEPHERD KAPLAN KROCHUK, LLC has filed, 41 earlier quarters. Pick one to see what it held then.
Is it too late to follow SHEPHERD KAPLAN KROCHUK?
Q2 2026 13F filed with the SEC on Aug 14, 2026. Prices are closing prices as of Oct 26, 2026.
Average quality of SHEPHERD KAPLAN KROCHUK's top 20 holdings: 70/100 (our AI quality score, weighted by position size; 15 of the 20 are scored)
Top 10 since filing
+2.1%
Value-weighted move of the 10 largest stock positions
Turnover
8%
Last quarter; 23% over the last 4
Top 10 weight
51%
Share of the stock portfolio in its 10 largest positions
Held 4+ quarters
94%
Share of portfolio value in positions held a year or more
Highest-quality names it owns(among its 100 largest positions)
The 8 highest-scoring companies in this portfolio are a Pro feature.
How these are measured
- Moves since the quarter-end and since the filing date use our own daily closing prices, from the close on (or just before) each date to the latest close.
- Turnover is the lesser of shares bought or sold in a quarter, valued at the quarter-end prices in the 13F, divided by the average of the two quarters' stock portfolio values.
- Quarters held and add/trim streaks count back only through quarters whose filed holdings add up to the filing's own cover-page total (back to Q1 2024 for this fund). A change counts as an add or a trim when the split-adjusted share count moves by more than 1%.
- Estimate, not the fund's reported cost. For each quarter in the current holding period in which the fund's share count rose (split-adjusted), we take that quarter's average daily close and weight it by the shares added; sales do not change an average cost. Quarters where the stock's price history and the 13F's own implied price disagree by more than 2x are left out.
- Put and call option rows report the value of the underlying shares, not a position the fund paid for, so they are left out of all of the above.
Portfolio Overview
SHEPHERD KAPLAN KROCHUK, LLC disclosed 62 positions worth $125.9M in its Form 13F-HR for Q2 2026, followed by $AAPL. During the quarter the fund opened 2 new positions and exited 2 — including a new stake in $MSFT and a full exit from $CPB. The portfolio is most concentrated in Other (72.3% of disclosed assets). All figures are sourced directly from SHEPHERD KAPLAN KROCHUK, LLC’s Form 13F-HR filing with the SEC under CIK 1218583.
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