Q2 2026 13F · SEC CIK 1218583

Shepherd Kaplan Krochuk, LLC

Institutional asset managerFiled 2026-08-14 for Q2 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $125.9M
Reported positions: 62
Top holdings a year, 3 yrs: +8.5%
Assets under management: $10.9B

Shepherd Kaplan Krochuk, LLC is an institutional asset manager that reported 62 positions worth $125.9M in its Q2 2026 13F, filed 2026-08-14. Its largest holdings were Vanguard Index Fds (VTI, 9.9%), Apple Inc (AAPL, 7.0%), Ishares Tr (USMV, 6.4%). A portfolio copying its top holdings returned 8.5% a year over the last 3 years, against 20.4% for the S&P 500.

Shepherd Kaplan Krochuk, LLC holdings largest 50 of 62 positions.

Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.

Shepherd Kaplan Krochuk, LLC 13F holdings
Stock	% of 13F value	Q1 2026	Shares	Share change	Reported value
VTIVanguard Index Fds	9.9%	9.2%	33,836	-0.7%	$12.5M
AAPLApple Inc	7.0%	6.5%	30,419	+0.0%	$8.8M
USMVIshares Tr	6.4%	6.0%	83,929	+8.4%	$8.1M
ANGLVaneck ETF Trust	6.4%	6.9%	275,949	-2.8%	$8.1M
SCHVSchwab Strategic Tr	4.3%	4.4%	156,870	-7.6%	$5.5M
JQUAJpmorgan U.s. Quality Factor ETF	4.1%	3.8%	71,025	-3.6%	$5.1M
MTUMIshares Tr	3.2%	3.3%	11,907	-27.3%	$4.1M
FDLFirst Tr Exchange-Traded Fd	3.2%	1.6%	82,654	+114.3%	$4.0M
ETPCEnergy Transfer L P	3.1%	3.5%	203,522	-5.3%	$3.9M
IJRIshares Tr	2.9%	2.6%	24,905	-1.4%	$3.7M
JMBSJanus Detroit Str Tr	2.5%	3.0%	71,141	-10.0%	$3.2M
CORPPimco ETF Tr	2.5%	2.8%	32,386	-5.5%	$3.1M
VOVanguard Index Fds	2.4%	2.3%	37,820	+301.2%	$3.0M
JEPIJ P Morgan Exchange Traded F	2.4%	2.2%	53,530	+16.2%	$3.0M
ACWIIshares Tr	2.3%	3.2%	18,122	-33.2%	$2.8M
BRK-BBerkshire Hathaway Inc Del	2.2%	2.2%	5,446	-1.9%	$2.7M
SHVIshares Tr	2.0%	2.0%	22,811	+3.3%	$2.5M
ZROZPimco ETF Tr	2.0%	3.0%	38,300	-31.8%	$2.5M
VNQVanguard Index Fds	1.9%	1.8%	24,511	-0.7%	$2.4M
IBMInternational Business Machs	1.7%	0.5%	7,704	+205.8%	$2.2M
PGXInvesco Exch Traded Fd Tr II	1.7%	1.3%	196,205	+34.8%	$2.1M
SGOVIshares Tr	1.7%	1.8%	20,910	+1.1%	$2.1M
RSPInvesco Exchange Traded Fd T	1.6%	1.1%	9,557	+45.2%	$2.0M
KMIKinder Morgan Inc Del	1.6%	1.8%	62,488	-2.7%	$2.0M
VIOOVanguard Admiral Fds Inc	1.5%	1.3%	13,294	+0.0%	$1.8M
SPDNDirexion Shares ETF Trust	1.3%	1.1%	193,457	+43.6%	$1.7M
HDEFDbx ETF Tr	1.3%	1.8%	51,877	-20.7%	$1.7M
BIVVanguard Bd Index Fds	0.9%	0.9%	14,777	+1.1%	$1.1M
SSPYExchange Listed Fds Tr	0.9%	0.9%	11,509	+0.0%	$1.1M
IVWIshares Tr	0.9%	0.8%	7,939	+0.0%	$1.1M
NEMNewmont Corp	0.8%	1.0%	10,921	+0.0%	$1.0M
MGAMagna Intl Inc	0.8%	0.8%	15,434	-10.1%	$1.0M
IVVIshares Tr	0.8%	0.7%	1,294	+0.0%	$969K
EPDEnterprise Prods Partners L	0.7%	0.7%	22,538	+0.0%	$828K
VOOVanguard Index Fds	0.7%	0.6%	1,206	+0.0%	$828K
DUKDuke Energy Corp New	0.6%	0.7%	6,358	-2.6%	$805K
GILDGilead Sciences Inc	0.6%	0.7%	6,269	-1.2%	$792K
ABBVAbbvie Inc	0.6%	0.3%	3,026	+58.4%	$761K
PFEPfizer Inc	0.6%	0.8%	30,764	-4.4%	$741K
PRUPrudential Finl Inc	0.6%	—	6,520	—	$704K
BENFranklin Templeton Inc	0.6%	0.5%	20,848	-10.2%	$694K
QQQInvesco Qqq Tr	0.5%	0.5%	935	+0.3%	$689K
MSFTMicrosoft Corp	0.4%	—	1,463	—	$546K
NUVNuveen Mun Value Fd Inc	0.4%	0.5%	58,291	-2.9%	$537K
DOWDow Hldgs Inc	0.4%	0.9%	19,631	-26.5%	$537K
AMLPAlps ETF Tr	0.4%	0.4%	9,785	+2.3%	$507K
MDSTWestwood Salient Enhanced Midstream Inco	0.4%	0.4%	17,468	-5.8%	$504K
VTEBVanguard Mun Bd Fds	0.4%	0.4%	9,827	+0.0%	$497K
VUGVanguard Index Fds	0.4%	—	5,453	—	$470K
SPYState Str Spdr S&p 500 ETF T	0.4%	—	599	—	$447K

What Shepherd Kaplan Krochuk, LLC bought and sold in Q2 2026, against Q1 2026.

New positions

Q1 2026's filing was too long to tell new positions apart.

Added to

VO Vanguard Index Fds+301.2% shares
IBM International Business Machs+205.8% shares
FDL First Tr Exchange-Traded Fd+114.3% shares
ABBV Abbvie Inc+58.4% shares
RSP Invesco Exchange Traded Fd T+45.2% shares
SPDN Direxion Shares ETF Trust+43.6% shares
PGX Invesco Exch Traded Fd Tr II+34.8% shares
JEPI J P Morgan Exchange Traded F+16.2% shares

Reduced

ACWI Ishares Tr-33.2% shares
ZROZ Pimco ETF Tr-31.8% shares
MTUM Ishares Tr-27.3% shares
DOW Dow Hldgs Inc-26.5% shares
HDEF Dbx ETF Tr-20.7% shares
BEN Franklin Templeton Inc-10.2% shares
MGA Magna Intl Inc-10.1% shares
JMBS Janus Detroit Str Tr-10.0% shares

Left the top 50

Share counts compared with the Q1 2026 13F; a split also changes share counts. The latest filing lists more than 50 positions, so a position that left the top 50 may still be held.

How the holdings did against the S&P 500.

1 year: +11.1% /yr; S&P 500 +20.1%
3 years: +8.5% /yr; S&P 500 +20.4%
5 years: +4.7% /yr; S&P 500 +11.6%

A portfolio of the filer's 20 largest 13F positions, weighted by value, bought the trading day after each 13F was filed and held until the next one was: what copying this filer could have earned. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.

Reported 13F value by quarter.

13F value by quarter
Quarter	13F value	Positions
Q2 2026	$125.9M	62
Q1 2026	$119.0M	61
Q4 2025	$121.1M	64
Q3 2025	$121.8M	61
Q2 2025	$115.1M	57
Q1 2025	$116.8M	58
Q4 2024	$119.6M	51
Q3 2024	$132.6M	55
Q2 2024	$126.6M	57
Q1 2024	$125.3M	55
Q4 2023	$123.0M	54
Q3 2023	$115.1M	52

Questions about Shepherd Kaplan Krochuk, LLC's portfolio

What stocks does Shepherd Kaplan Krochuk, LLC own?

Shepherd Kaplan Krochuk, LLC's latest 13F, for Q2 2026 and filed Aug 14, 2026, lists 62 positions worth $125.9M. The largest are Vanguard Index Fds (VTI) at 9.9%, Apple Inc (AAPL) at 7.0%, Ishares Tr (USMV) at 6.4%, Vaneck ETF Trust (ANGL) at 6.4% and Schwab Strategic Tr (SCHV) at 4.3%.

What did Shepherd Kaplan Krochuk, LLC buy last quarter?

In Q2 2026, Shepherd Kaplan Krochuk, LLC added Vanguard Index Fds (VO) (+301.2% shares), International Business Machs (IBM) (+205.8% shares) and First Tr Exchange-Traded Fd (FDL) (+114.3% shares), compared with its Q1 2026 filing.

What did Shepherd Kaplan Krochuk, LLC sell last quarter?

In Q2 2026, Shepherd Kaplan Krochuk, LLC cut from its top 50 The Campbells Company (CPB), cut from its top 50 Proshares Tr (TBF), cut from its top 50 Verizon Communications Inc (VZ), cut from its top 50 Ishares Bitcoin Trust ETF (IBIT), Ishares Tr (ACWI) (-33.2% shares), Pimco ETF Tr (ZROZ) (-31.8% shares) and Ishares Tr (MTUM) (-27.3% shares), compared with its Q1 2026 filing.

How has Shepherd Kaplan Krochuk, LLC's portfolio performed?

A portfolio copying Shepherd Kaplan Krochuk, LLC's 20 largest 13F holdings each quarter, from the day each filing was public, returned +8.5% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: +11.1% against +20.1%. Over 5 years: +4.7% a year against +11.6%.

When is Shepherd Kaplan Krochuk, LLC's next 13F filing due?

13F filings are due 45 days after each quarter ends. Shepherd Kaplan Krochuk, LLC's filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.

How much money does Shepherd Kaplan Krochuk, LLC manage?

Shepherd Kaplan Krochuk, LLC reported $10.9B of regulatory assets under management on its latest SEC Form ADV. Its 13F, which covers only US-listed stocks and options, totals $125.9M.