SHEPHERD KAPLAN KROCHUK, LLC Diversified Active

Name: SHEPHERD KAPLAN KROCHUK, LLC Q2 2026 13F Filing | 13F Explorer
Creator: SHEPHERD KAPLAN KROCHUK, LLC
Published: 2026-08-14

Location: Boston, MA

CIK: 0001218583 · Show all filings

Period: Q2 2026 (← Previous)

Filing Date: Aug 14, 2026

Total Value: $126M (100.0% shares, 0.0% debt)

Holdings (62)

New Positions (3)

MSFT MICROSOFT CORP 0.4%

Value $546K Shares 1,463 Est. Cost — Unrealized —

IWD ISHARES TR 0.2%

Value $227K Shares 938 Est. Cost — Unrealized —

SPGP INVESCO EXCHANGE TRADED FD T 0.2%

Value $220K Shares 1,797 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
MSFT	MICROSOFT CORP	1,463	$546K	0.4%	—	—	COM	594918104
IWD	ISHARES TR	938	$227K	0.2%	—	—	RUS 1000 VAL ETF	464287598
SPGP	INVESCO EXCHANGE TRADED FD T	1,797	$220K	0.2%	—	—	S&P 500 GARP ETF	46137V431

Increased Positions (15)

FDL FIRST TR EXCHANGE-TRADED FD 3.2%

Value $4.022M (+105.2%) Shares 82,654 (+114.3%) Est. Cost — Unrealized —

IBM INTERNATIONAL BUSINESS MACHS 1.7%

Value $2.166M (+254.7%) Shares 7,704 (+205.8%) Est. Cost — Unrealized —

USMV ISHARES TR 6.4%

Value $8.096M (+12.7%) Shares 83,929 (+8.4%) Est. Cost — Unrealized —

RSP INVESCO EXCHANGE TRADED FD T 1.6%

Value $2.033M (+61.0%) Shares 9,557 (+45.2%) Est. Cost — Unrealized —

PGX INVESCO EXCH TRADED FD TR II 1.7%

Value $2.127M (+34.3%) Shares 196,205 (+34.8%) Est. Cost — Unrealized —

JEPI J P MORGAN EXCHANGE TRADED F 2.4%

Value $3.023M (+15.8%) Shares 53,530 (+16.2%) Est. Cost — Unrealized —

ABBV ABBVIE INC 0.6%

Value $761K (+83.3%) Shares 3,026 (+58.4%) Est. Cost — Unrealized —

VO VANGUARD INDEX FDS 2.4%

Value $3.047M (+12.6%) Shares 37,820 (+301.2%) Est. Cost — Unrealized —

SPDN DIREXION SHARES ETF TRUST 1.3%

Value $1.677M (+25.1%) Shares 193,457 (+43.6%) Est. Cost — Unrealized —

PRU PRUDENTIAL FINL INC 0.6%

Value $704K (+85.7%) Shares 6,520 (+68.0%) Est. Cost — Unrealized —

SHV ISHARES TR 2.0%

Value $2.517M (+3.3%) Shares 22,811 (+3.3%) Est. Cost — Unrealized —

VUG VANGUARD INDEX FDS 0.4%

Value $470K (+18.4%) Shares 5,453 (+499.9%) Est. Cost — Unrealized —

SGOV ISHARES TR 1.7%

Value $2.105M (+1.1%) Shares 20,910 (+1.1%) Est. Cost — Unrealized —

BIV VANGUARD BD INDEX FDS 0.9%

Value $1.133M (+0.5%) Shares 14,777 (+1.1%) Est. Cost — Unrealized —

AMLP ALPS ETF TR 0.4%

Value $507K (+0.8%) Shares 9,785 (+2.3%) Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
FDL	FIRST TR EXCHANGE-TRADED FD	82,654 (+114.3%)	$4.022M (+105.2%)	3.2%	—	—	SHS	336917109
IBM	INTERNATIONAL BUSINESS MACHS	7,704 (+205.8%)	$2.166M (+254.7%)	1.7%	—	—	COM	459200101
USMV	ISHARES TR	83,929 (+8.4%)	$8.096M (+12.7%)	6.4%	—	—	MSCI USA MIN ETF	46429B697
RSP	INVESCO EXCHANGE TRADED FD T	9,557 (+45.2%)	$2.033M (+61.0%)	1.6%	—	—	S&P500 EQL WGT	46137V357
PGX	INVESCO EXCH TRADED FD TR II	196,205 (+34.8%)	$2.127M (+34.3%)	1.7%	—	—	PFD ETF	46138E511
JEPI	J P MORGAN EXCHANGE TRADED F	53,530 (+16.2%)	$3.023M (+15.8%)	2.4%	—	—	EQUITY PREMIUM	46641Q332
ABBV	ABBVIE INC	3,026 (+58.4%)	$761K (+83.3%)	0.6%	—	—	COM	00287Y109
VO	VANGUARD INDEX FDS	37,820 (+301.2%)	$3.047M (+12.6%)	2.4%	—	—	MID CAP ETF	922908629
SPDN	DIREXION SHARES ETF TRUST	193,457 (+43.6%)	$1.677M (+25.1%)	1.3%	—	—	DAILY 500 1X ETF	25460E869
PRU	PRUDENTIAL FINL INC	6,520 (+68.0%)	$704K (+85.7%)	0.6%	—	—	COM	744320102
SHV	ISHARES TR	22,811 (+3.3%)	$2.517M (+3.3%)	2.0%	—	—	TRUST ISHARE 0-1	464288679
VUG	VANGUARD INDEX FDS	5,453 (+499.9%)	$470K (+18.4%)	0.4%	—	—	GROWTH ETF	922908736
SGOV	ISHARES TR	20,910 (+1.1%)	$2.105M (+1.1%)	1.7%	—	—	0-3 MTH TREASURY	46436E718
BIV	VANGUARD BD INDEX FDS	14,777 (+1.1%)	$1.133M (+0.5%)	0.9%	—	—	INTERMED TERM	921937819
AMLP	ALPS ETF TR	9,785 (+2.3%)	$507K (+0.8%)	0.4%	—	—	ALERIAN MLP	00162Q452

Exited Positions (2)

CPB THE CAMPBELLS COMPANY 1.9%

Value $2.425M Shares 108,889 Est. Cost — Unrealized —

SCHD SCHWAB STRATEGIC TR 0.2%

Value $310K Shares 10,094 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
CPB	THE CAMPBELLS COMPANY	108,889	$2.425M	1.9%	—	—	—	134429109
SCHD	SCHWAB STRATEGIC TR	10,094	$310K	0.2%	—	—	—	808524797

Decreased Positions (25)

ZROZ PIMCO ETF TR 2.0%

Value $2.455M (-31.7%) Shares 38,300 (-31.8%) Est. Cost — Unrealized —

ACWI ISHARES TR 2.3%

Value $2.845M (-24.2%) Shares 18,122 (-33.2%) Est. Cost — Unrealized —

JQUA J P MORGAN EXCHANGE TRADED F 4.1%

Value $5.134M (+13.7%) Shares 71,025 (-3.6%) Est. Cost — Unrealized —

DOW DOW HLDGS INC 0.4%

Value $537K (-51.7%) Shares 19,631 (-26.5%) Est. Cost — Unrealized —

IJR ISHARES TR 2.9%

Value $3.694M (+17.6%) Shares 24,905 (-1.4%) Est. Cost — Unrealized —

HDEF DBX ETF TR 1.3%

Value $1.667M (-21.4%) Shares 51,877 (-20.7%) Est. Cost — Unrealized —

JMBS JANUS DETROIT STR TR 2.5%

Value $3.201M (-10.3%) Shares 71,141 (-10.0%) Est. Cost — Unrealized —

SCHV SCHWAB STRATEGIC TR 4.3%

Value $5.461M (+5.4%) Shares 156,870 (-7.6%) Est. Cost — Unrealized —

ET ENERGY TRANSFER L P 3.1%

Value $3.891M (-6.2%) Shares 203,522 (-5.3%) Est. Cost — Unrealized —

TBF PROSHARES TR 0.2%

Value $300K (-43.3%) Shares 12,361 (-43.3%) Est. Cost — Unrealized —

CORP PIMCO ETF TR 2.5%

Value $3.138M (-5.4%) Shares 32,386 (-5.5%) Est. Cost — Unrealized —

PFE PFIZER INC 0.6%

Value $741K (-18.0%) Shares 30,764 (-4.4%) Est. Cost — Unrealized —

KMI KINDER MORGAN INC DEL 1.6%

Value $1.998M (-7.2%) Shares 62,488 (-2.7%) Est. Cost — Unrealized —

MTUM ISHARES TR 3.2%

Value $4.082M (+3.8%) Shares 11,907 (-27.3%) Est. Cost — Unrealized —

BEN FRANKLIN RESOURCES INC 0.6%

Value $694K (+26.5%) Shares 20,848 (-10.2%) Est. Cost — Unrealized —

GILD GILEAD SCIENCES INC 0.6%

Value $792K (-10.4%) Shares 6,269 (-1.2%) Est. Cost — Unrealized —

VZ VERIZON COMMUNICATIONS INC 0.3%

Value $428K (-17.4%) Shares 10,120 (-2.1%) Est. Cost — Unrealized —

ANGL VANECK ETF TRUST 6.4%

Value $8.069M (-1.0%) Shares 275,949 (-2.8%) Est. Cost — Unrealized —

BRK/B BERKSHIRE HATHAWAY INC DEL 2.2%

Value $2.725M (+2.5%) Shares 5,446 (-1.9%) Est. Cost — Unrealized —

MGA MAGNA INTL INC 0.8%

Value $1.013M (+5.7%) Shares 15,434 (-10.1%) Est. Cost — Unrealized —

DUK DUKE ENERGY CORP NEW 0.6%

Value $805K (-5.8%) Shares 6,358 (-2.6%) Est. Cost — Unrealized —

JPEM J P MORGAN EXCHANGE TRADED F 0.3%

Value $382K (-7.8%) Shares 6,078 (-8.8%) Est. Cost — Unrealized —

MDST ULTIMUS MANAGERS TR 0.4%

Value $504K (-5.1%) Shares 17,468 (-5.8%) Est. Cost — Unrealized —

GSIE GOLDMAN SACHS ETF TR 0.3%

Value $371K (-5.1%) Shares 8,127 (-10.4%) Est. Cost — Unrealized —

— NUVEEN MUN VALUE FD INC 0.4%

Value $537K (-0.4%) Shares 58,291 (-2.9%) Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
ZROZ	PIMCO ETF TR	38,300 (-31.8%)	$2.455M (-31.7%)	2.0%	—	—	25YR+ ZERO U S	72201R882
ACWI	ISHARES TR	18,122 (-33.2%)	$2.845M (-24.2%)	2.3%	—	—	MSCI ACWI ETF	464288257
JQUA	J P MORGAN EXCHANGE TRADED F	71,025 (-3.6%)	$5.134M (+13.7%)	4.1%	—	—	US QUALTY FCTR	46641Q761
DOW	DOW HLDGS INC	19,631 (-26.5%)	$537K (-51.7%)	0.4%	—	—	COM	260557103
IJR	ISHARES TR	24,905 (-1.4%)	$3.694M (+17.6%)	2.9%	—	—	CORE S&P SCP ETF	464287804
HDEF	DBX ETF TR	51,877 (-20.7%)	$1.667M (-21.4%)	1.3%	—	—	XTRACK MSCI EAFE	233051630
JMBS	JANUS DETROIT STR TR	71,141 (-10.0%)	$3.201M (-10.3%)	2.5%	—	—	HENDERSON MTG	47103U852
SCHV	SCHWAB STRATEGIC TR	156,870 (-7.6%)	$5.461M (+5.4%)	4.3%	—	—	US LCAP VA ETF	808524409
ET	ENERGY TRANSFER L P	203,522 (-5.3%)	$3.891M (-6.2%)	3.1%	—	—	COM UT LTD PTN	29273V100
TBF	PROSHARES TR	12,361 (-43.3%)	$300K (-43.3%)	0.2%	—	—	SHRT 20+YR TRE	74347X849
CORP	PIMCO ETF TR	32,386 (-5.5%)	$3.138M (-5.4%)	2.5%	—	—	INV GRD CRP BD	72201R817
PFE	PFIZER INC	30,764 (-4.4%)	$741K (-18.0%)	0.6%	—	—	COM	717081103
KMI	KINDER MORGAN INC DEL	62,488 (-2.7%)	$1.998M (-7.2%)	1.6%	—	—	COM	49456B101
MTUM	ISHARES TR	11,907 (-27.3%)	$4.082M (+3.8%)	3.2%	—	—	MSCI USA MMENTM	46432F396
BEN	FRANKLIN RESOURCES INC	20,848 (-10.2%)	$694K (+26.5%)	0.6%	—	—	COM	354613101
GILD	GILEAD SCIENCES INC	6,269 (-1.2%)	$792K (-10.4%)	0.6%	—	—	COM	375558103
VZ	VERIZON COMMUNICATIONS INC	10,120 (-2.1%)	$428K (-17.4%)	0.3%	—	—	COM	92343V104
ANGL	VANECK ETF TRUST	275,949 (-2.8%)	$8.069M (-1.0%)	6.4%	—	—	FALLEN ANGEL HG	92189F437
BRK/B	BERKSHIRE HATHAWAY INC DEL	5,446 (-1.9%)	$2.725M (+2.5%)	2.2%	—	—	CL B NEW	084670702
MGA	MAGNA INTL INC	15,434 (-10.1%)	$1.013M (+5.7%)	0.8%	—	—	COM	559222401
DUK	DUKE ENERGY CORP NEW	6,358 (-2.6%)	$805K (-5.8%)	0.6%	—	—	COM NEW	26441C204
JPEM	J P MORGAN EXCHANGE TRADED F	6,078 (-8.8%)	$382K (-7.8%)	0.3%	—	—	DIV RTN EM EQT	46641Q308
MDST	ULTIMUS MANAGERS TR	17,468 (-5.8%)	$504K (-5.1%)	0.4%	—	—	WEST SA MIDS ETF	90386K589
GSIE	GOLDMAN SACHS ETF TR	8,127 (-10.4%)	$371K (-5.1%)	0.3%	—	—	ACTIVEBETA INT	381430107
—	NUVEEN MUN VALUE FD INC	58,291 (-2.9%)	$537K (-0.4%)	0.4%	—	—	COM	670928100

Unchanged Positions (19)

VTI VANGUARD INDEX FDS 9.9%

Value $12.52M Shares 33,836 Est. Cost — Unrealized —

AAPL APPLE INC 7.0%

Value $8.802M Shares 30,419 Est. Cost — Unrealized —

VIOO VANGUARD ADMIRAL FDS INC 1.5%

Value $1.828M Shares 13,294 Est. Cost — Unrealized —

IVW ISHARES TR 0.9%

Value $1.092M Shares 7,939 Est. Cost — Unrealized —

VNQ VANGUARD INDEX FDS 1.9%

Value $2.364M Shares 24,511 Est. Cost — Unrealized —

NEM NEWMONT CORP 0.8%

Value $1.02M Shares 10,921 Est. Cost — Unrealized —

QQQ INVESCO QQQ TR 0.5%

Value $689K Shares 935 Est. Cost — Unrealized —

IVV ISHARES TR 0.8%

Value $969K Shares 1,294 Est. Cost — Unrealized —

VOO VANGUARD INDEX FDS 0.7%

Value $828K Shares 1,206 Est. Cost — Unrealized —

SSPY EXCHANGE LISTED FDS TR 0.9%

Value $1.118M Shares 11,509 Est. Cost — Unrealized —

NRGV ENERGY VAULT HOLDINGS INC 0.3%

Value $320K Shares 67,971 Est. Cost — Unrealized —

IBIT ISHARES BITCOIN TRUST ETF 0.4%

Value $444K Shares 13,349 Est. Cost — Unrealized —

GOOG ALPHABET INC 0.3%

Value $329K Shares 930 Est. Cost — Unrealized —

SPY STATE STR SPDR S&P 500 ETF T 0.4%

Value $447K Shares 599 Est. Cost — Unrealized —

GLD SPDR GOLD TR 0.2%

Value $310K Shares 841 Est. Cost — Unrealized —

GOOGL ALPHABET INC 0.2%

Value $252K Shares 706 Est. Cost — Unrealized —

EPD ENTERPRISE PRODS PARTNERS L 0.7%

Value $828K Shares 22,538 Est. Cost — Unrealized —

OSEA HARBOR ETF TRUST 0.3%

Value $360K Shares 11,778 Est. Cost — Unrealized —

VTEB VANGUARD MUN BD FDS 0.4%

Value $497K Shares 9,827 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
VTI	VANGUARD INDEX FDS	33,836	$12.52M	9.9%	—	—	TOTAL STK MKT	922908769
AAPL	APPLE INC	30,419	$8.802M	7.0%	—	—	COM	037833100
VIOO	VANGUARD ADMIRAL FDS INC	13,294	$1.828M	1.5%	—	—	SMLLCP 600 IDX	921932828
IVW	ISHARES TR	7,939	$1.092M	0.9%	—	—	S&P 500 GRWT ETF	464287309
VNQ	VANGUARD INDEX FDS	24,511	$2.364M	1.9%	—	—	REAL ESTATE ETF	922908553
NEM	NEWMONT CORP	10,921	$1.02M	0.8%	—	—	COM	651639106
QQQ	INVESCO QQQ TR	935	$689K	0.5%	—	—	UNIT SER 1	46090E103
IVV	ISHARES TR	1,294	$969K	0.8%	—	—	CORE S&P500 ETF	464287200
VOO	VANGUARD INDEX FDS	1,206	$828K	0.7%	—	—	S&P 500 ETF SHS	922908363
SSPY	EXCHANGE LISTED FDS TR	11,509	$1.118M	0.9%	—	—	STR LAR IND ETF	30151E533
NRGV	ENERGY VAULT HOLDINGS INC	67,971	$320K	0.3%	—	—	COM	29280W109
IBIT	ISHARES BITCOIN TRUST ETF	13,349	$444K	0.4%	—	—	SHS BEN INT	46438F101
GOOG	ALPHABET INC	930	$329K	0.3%	—	—	CAP STK CL C	02079K107
SPY	STATE STR SPDR S&P 500 ETF T	599	$447K	0.4%	—	—	TR UNIT	78462F103
GLD	SPDR GOLD TR	841	$310K	0.2%	—	—	GOLD SHS	78463V107
GOOGL	ALPHABET INC	706	$252K	0.2%	—	—	CAP STK CL A	02079K305
EPD	ENTERPRISE PRODS PARTNERS L	22,538	$828K	0.7%	—	—	COM	293792107
OSEA	HARBOR ETF TRUST	11,778	$360K	0.3%	—	—	INTERNATNAL COMP	41151J885
VTEB	VANGUARD MUN BD FDS	9,827	$497K	0.4%	—	—	TAX EXEMPT BD	922907746