SHEPHERD KAPLAN KROCHUK, LLC

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.

• VANGUARD INDEX FDS - TOTAL STK MKT

  —

  Quality

  $12.5M33,836 sh
• 

  Apple Inc.

  $AAPL

  76.4#84

  Quality

  $8.8M30,419 sh

• ISHARES TR - MSCI USA MIN ETF

  —

  Quality

  $8.1M83,929 sh

• VANECK ETF TRUST - FALLEN ANGEL HG

  —

  Quality

  $8.1M275,949 sh

• SCHWAB STRATEGIC TR - US LCAP VA ETF

  —

  Quality

  $5.5M156,870 sh

• J P MORGAN EXCHANGE TRADED F - US QUALTY FCTR

  —

  Quality

  $5.1M71,025 sh

• ISHARES TR - MSCI USA MMENTM

  —

  Quality

  $4.1M11,907 sh

• FIRST TR EXCHANGE-TRADED FD - SHS

  —

  Quality

  $4.0M82,654 sh
• 

  Energy Transfer LP

  $ET

  64.4

  Quality

  $3.9M203,522 sh

• ISHARES TR - CORE S&P SCP ETF

  —

  Quality

  $3.7M24,905 sh

Company	Quality	Value	Shares
VANGUARD INDEX FDS - TOTAL STK MKT	—	$12.5M	33,836
Apple Inc.$AAPL	76.4#84	$8.8M	30,419
ISHARES TR - MSCI USA MIN ETF	—	$8.1M	83,929
VANECK ETF TRUST - FALLEN ANGEL HG	—	$8.1M	275,949
SCHWAB STRATEGIC TR - US LCAP VA ETF	—	$5.5M	156,870
J P MORGAN EXCHANGE TRADED F - US QUALTY FCTR	—	$5.1M	71,025
ISHARES TR - MSCI USA MMENTM	—	$4.1M	11,907
FIRST TR EXCHANGE-TRADED FD - SHS	—	$4.0M	82,654
Energy Transfer LP$ET	64.4	$3.9M	203,522
ISHARES TR - CORE S&P SCP ETF	—	$3.7M	24,905

Showing top 10 of 62 holdings.

Full Holdings — SHEPHERD KAPLAN KROCHUK, LLC (Q2 2026)

All 62 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 INDEX FDS - TOTAL STK MKT	$12.5M	9.9%	-1%	—
2	$AAPL	Apple Inc.	$8.8M	7.0%	+0%	76.4
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	$ET	Energy Transfer LP	$3.9M	3.1%	-5%	64.4
10	—	ISHARES TR - CORE S&P SCP ETF	$3.7M	2.9%	-1%	—
11	—	JANUS DETROIT STR TR - HENDERSON MTG	$3.2M	2.5%	-10%	—
12	—	PIMCO ETF TR - INV GRD CRP BD	$3.1M	2.5%	-5%	—
13	—	VANGUARD INDEX FDS - MID CAP ETF	$3.0M	2.4%	+301%	—
14	—	J P MORGAN EXCHANGE TRADED F - EQUITY PREMIUM	$3.0M	2.4%	+16%	—
15	—	ISHARES TR - MSCI ACWI ETF	$2.8M	2.3%	-33%	—
16	$BRK.B	BERKSHIRE HATHAWAY INC	$2.7M	2.2%	-2%	73.8
17	—	ISHARES TR - TRUST ISHARE 0-1	$2.5M	2.0%	+3%	—
18	—	PIMCO ETF TR - 25YR+ ZERO U S	$2.5M	1.9%	-32%	—
19	—	VANGUARD INDEX FDS - REAL ESTATE ETF	$2.4M	1.9%	-1%	—
20	$IBM	INTERNATIONAL BUSINESS MACHINES CORP	$2.2M	1.7%	+206%	70
21	$IVZ	Invesco Ltd.	$2.1M	1.7%	+35%	—
22	—	ISHARES TR - 0-3 MTH TREASURY	$2.1M	1.7%	+1%	—
23	$IVZ	Invesco Ltd.	$2.0M	1.6%	+45%	—
24	$KMI	KINDER MORGAN, INC.	$2.0M	1.6%	-3%	71.3
25	—	VANGUARD ADMIRAL FDS INC - SMLLCP 600 IDX	$1.8M	1.4%	+0%	—
26	—	DIREXION SHARES ETF TRUST - DAILY 500 1X ETF	$1.7M	1.3%	+44%	—
27	—	DBX ETF TR - XTRACK MSCI EAFE	$1.7M	1.3%	-21%	—
28	—	VANGUARD BD INDEX FDS - INTERMED TERM	$1.1M	0.9%	+1%	—
29	—	EXCHANGE LISTED FDS TR - STR LAR IND ETF	$1.1M	0.9%	+0%	—
30	—	ISHARES TR - S&P 500 GRWT ETF	$1.1M	0.9%	+0%	—
31	$NEM	NEWMONT Corp /DE/	$1.0M	0.8%	+0%	86.8
32	$MGA	MAGNA INTERNATIONAL INC	$1.0M	0.8%	-10%	—
33	—	ISHARES TR - CORE S&P500 ETF	$969,279	0.8%	+0%	—
34	$EPD	ENTERPRISE PRODUCTS PARTNERS L.P.	$828,497	0.7%	+0%	61.4
35	—	VANGUARD INDEX FDS - S&P 500 ETF SHS	$828,293	0.7%	+0%	—
36	$DUK	Duke Energy CORP	$804,796	0.6%	-3%	56.4
37	$GILD	GILEAD SCIENCES, INC.	$792,025	0.6%	-1%	57.4
38	$ABBV	AbbVie Inc.	$761,463	0.6%	+58%	72.6
39	$PFE	PFIZER INC	$740,797	0.6%	-4%	62
40	$PFH	PRUDENTIAL FINANCIAL INC	$703,704	0.6%	+68%	58.7
41	$BEN	FRANKLIN TEMPLETON INC	$693,613	0.6%	-10%	57.9
42	$QQQ	INVESCO QQQ TRUST, SERIES 1	$688,703	0.6%	+0%	—
43	$MSFT	MICROSOFT CORP	$545,808	0.4%	NEW	79.8
44	$NUV	NUVEEN MUNICIPAL VALUE FUND INC	$537,443	0.4%	-3%	—
45	$DOW	DOW INC.	$537,104	0.4%	-26%	40.2
46	—	ALPS ETF TR - ALERIAN MLP	$507,330	0.4%	+2%	—
47	—	ULTIMUS MANAGERS TR - WEST SA MIDS ETF	$503,602	0.4%	-6%	—
48	—	VANGUARD MUN BD FDS - TAX EXEMPT BD	$497,050	0.4%	+0%	—
49	—	VANGUARD INDEX FDS - GROWTH ETF	$469,763	0.4%	+500%	—
50	$SPY	SPDR S&P 500 ETF TRUST	$447,301	0.4%	+0%	—
51	$IBIT	iShares Bitcoin Trust ETF	$444,388	0.3%	+0%	—
52	$VZ	VERIZON COMMUNICATIONS INC	$428,465	0.3%	-2%	65.8
53	—	J P MORGAN EXCHANGE TRADED F - DIV RTN EM EQT	$381,577	0.3%	-9%	—
54	$GS	GOLDMAN SACHS GROUP INC	$371,404	0.3%	-10%	73.5
55	—	HARBOR ETF TRUST - INTERNATNAL COMP	$359,688	0.3%	+0%	—
56	$GOOGL	Alphabet Inc.	$328,675	0.3%	+0%	78.2
57	$NRGV	Energy Vault Holdings, Inc.	$320,143	0.3%	+0%	21.8
58	$GLD	SPDR GOLD TRUST	$309,808	0.3%	+0%	—
59	—	PROSHARES TR - SHRT 20+YR TRE	$299,507	0.2%	-43%	—
60	$GOOG	Alphabet Inc.	$252,452	0.2%	+0%	78.2
61	—	ISHARES TR - RUS 1000 VAL ETF	$227,448	0.2%	NEW	—
62	$IVZ	Invesco Ltd.	$219,755	0.2%	NEW	—