KITCHING PARTNERS, LLC

Portfolio Overview

KITCHING PARTNERS, LLC disclosed 40 positions worth $116.4M in its Form 13F-HR for Q2 2026. During the quarter the fund opened 5 new positions and exited 5 — including a new stake in $LLY. The portfolio is most concentrated in Other (82.2% of disclosed assets). All figures are sourced directly from KITCHING PARTNERS, LLC’s Form 13F-HR filing with the SEC under CIK 2010145.

• VANGUARD SPECIALIZED FUNDS - DIV APP ETF

  —

  Quality

  $18.0M75,866 sh

• VANGUARD TAX-MANAGED FDS - VAN FTSE DEV MKT

  —

  Quality

  $14.3M201,100 sh

• VANGUARD BD INDEX FDS - VANGUARD ULTRA

  —

  Quality

  $12.3M246,697 sh

• SPDR SERIES TRUST - ST STR SP DIV

  —

  Quality

  $10.1M66,213 sh

• ISHARES TR - 0-5YR HI YL CP

  —

  Quality

  $9.7M229,252 sh

• VANGUARD INDEX FDS - S&P 500 ETF SHS

  —

  Quality

  $7.6M11,096 sh
• 

  ISHARES GOLD TRUST

  $IAU

  —

  Quality

  $7.2M95,210 sh

• VANGUARD INTL EQUITY INDEX F - FTSE EMR MKT ETF

  —

  Quality

  $6.9M116,117 sh
• 

  SYNOPSYS INC

  $SNPS

  67.9

  Quality

  $4.8M71,375 sh

• VANGUARD SCOTTSDALE FDS - LONG TERM TREAS

  —

  Quality

  $4.6M82,567 sh

Company	Quality	Value	Shares
VANGUARD SPECIALIZED FUNDS - DIV APP ETF	—	$18.0M	75,866
VANGUARD TAX-MANAGED FDS - VAN FTSE DEV MKT	—	$14.3M	201,100
VANGUARD BD INDEX FDS - VANGUARD ULTRA	—	$12.3M	246,697
SPDR SERIES TRUST - ST STR SP DIV	—	$10.1M	66,213
ISHARES TR - 0-5YR HI YL CP	—	$9.7M	229,252
VANGUARD INDEX FDS - S&P 500 ETF SHS	—	$7.6M	11,096
ISHARES GOLD TRUST$IAU	—	$7.2M	95,210
VANGUARD INTL EQUITY INDEX F - FTSE EMR MKT ETF	—	$6.9M	116,117
SYNOPSYS INC$SNPS	67.9	$4.8M	71,375
VANGUARD SCOTTSDALE FDS - LONG TERM TREAS	—	$4.6M	82,567

Showing top 10 of 40 holdings.

Full Holdings — KITCHING PARTNERS, LLC (Q2 2026)

All 40 disclosed positions from the latest Form 13F-HR, with quarter-over-quarter share changes and 13F Pro quality scores. Sourced from SEC EDGAR.

#	Ticker	Company	Value	Weight	QoQ	Quality
1	—	VANGUARD SPECIALIZED FUNDS - DIV APP ETF	$18.0M	15.4%	+0%	—
2	—	VANGUARD TAX-MANAGED FDS - VAN FTSE DEV MKT	$14.3M	12.3%	+2%	—
3	—	VANGUARD BD INDEX FDS - VANGUARD ULTRA	$12.3M	10.6%	+4%	—
4	—	SPDR SERIES TRUST - ST STR SP DIV	$10.1M	8.7%	+2%	—
5	—	ISHARES TR - 0-5YR HI YL CP	$9.7M	8.3%	+2%	—
6	—	VANGUARD INDEX FDS - S&P 500 ETF SHS	$7.6M	6.5%	-7%	—
7	$IAU	ISHARES GOLD TRUST	$7.2M	6.2%	+0%	—
8	—	VANGUARD INTL EQUITY INDEX F - FTSE EMR MKT ETF	$6.9M	6.0%	+4%	—
9	$SNPS	SYNOPSYS INC	$4.8M	4.1%	-13%	67.9
10	—	VANGUARD SCOTTSDALE FDS - LONG TERM TREAS	$4.6M	3.9%	+2%	—
11	—	VANGUARD INDEX FDS - VALUE ETF	$3.8M	3.3%	+23%	—
12	—	VANGUARD INDEX FDS - SMALL CP ETF	$3.2M	2.7%	+24%	—
13	—	ISHARES INC - JP MORGAN EM ETF	$2.3M	2.0%	+54%	—
14	—	VANGUARD SCOTTSDALE FDS - SHORT TERM TREAS	$1.3M	1.1%	+10%	—
15	$NVDA	NVIDIA CORP	$944,908	0.8%	-25%	85.9
16	$NN	NEXTNAV INC.	$886,348	0.8%	+40%	12.7
17	$GOOG	Alphabet Inc.	$767,273	0.7%	+53%	78.2
18	—	ISHARES TR - CORE US AGGBD ET	$766,201	0.7%	+2%	—
19	$AMZN	AMAZON COM INC	$736,471	0.6%	+4%	68.7
20	$MSFT	MICROSOFT CORP	$554,857	0.5%	+41%	79.8
21	$CSX	CSX CORP	$525,064	0.5%	+0%	65.2
22	$AAPL	Apple Inc.	$494,516	0.4%	+34%	76.4
23	$EBC	Eastern Bankshares, Inc.	$459,309	0.4%	+1%	69.5
24	$AVGO	Broadcom Inc.	$449,900	0.4%	+76%	84.5
25	$AXP	AMERICAN EXPRESS CO	$403,481	0.3%	-9%	69.4
26	—	AMPLIFY ETF TR - JR SILV MINE ETF	$326,151	0.3%	+0%	—
27	$TSLA	Tesla, Inc.	$319,656	0.3%	+0%	53.9
28	$PHG	KONINKLIJKE PHILIPS NV	$317,498	0.3%	+4%	—
29	$LLY	ELI LILLY & Co	$286,664	0.3%	NEW	87.5
30	$MU	MICRON TECHNOLOGY INC	$274,721	0.2%	NEW	86.2
31	—	GLOBAL X FDS - GLOBAL X COPPER	$272,474	0.2%	+0%	—
32	$AMD	ADVANCED MICRO DEVICES INC	$254,439	0.2%	NEW	79.8
33	—	GLOBAL X FDS - GLOBAL X SILVER	$231,993	0.2%	+0%	—
34	$LRCX	LAM RESEARCH CORP	$223,598	0.2%	NEW	79.4
35	$CDE	Coeur Mining, Inc.	$222,385	0.2%	+0%	82
36	$PM	Philip Morris International Inc.	$208,770	0.2%	-12%	75.9
37	$GOOGL	Alphabet Inc.	$203,865	0.2%	NEW	78.2
38	$ORLA	Orla Mining Ltd.	$117,656	0.1%	+0%	—
39	$ABTC	American Bitcoin Corp.	$27,800	0.0%	+0%	44
40	$GTBP	GT Biopharma, Inc.	$24,485	0.0%	NEW	—