SHEPHERD KAPLAN KROCHUK LLC
Q2 2026 Form 13-F

BOSTON, MASSACHUSETTS
CIK 0001218583 · CRD 127304 · SEC-registered investment adviser
Consolidated report · includes 2 managers since Q2 2020
$125.9M Reported Value Total

SHEPHERD KAPLAN KROCHUK, LLC reports 1,405 total accounts under management (AUM). There are 131 discretionary accounts valued at $2,055,637,219, and 1,274 non-discretionary accounts valued at $8,828,578,446.

Source: Form ADV filed * Note that certain holdings are exempt from Form 13-F reporting, so the AUM totals may be greater than the Form 13-F total.
SEC Registered Discretionary & Non-Discretionary
Private funds (Form ADV)
75 funds · $1.4B gross asset value
Venture Capital Fund: $655.0M · Real Estate Fund: $333.9M · Hedge Fund: $216.3M · Private Equity Fund: $146.4M · Other: $17.8M
Source: Form ADV filed 2026-03-31
Reported value
$125.9M
Quarter over quarter
+7.6%
Holdings
62
Top-10 concentration
50.7%

Filing Structure

Reports holdings for

  • Peak Capital Management LLC · File #028-18093 · since Q2 2020
  • Shepherd Kaplan, LLC (not a 13F filer in our records) · File #028-24477 · since Q3 2024
  • GRT Value Fund, a series of Advisors Inner Circle Fund II (not a 13F filer in our records) · File #028-14914 · Q2 2013 – Q3 2016
  • Orinda Asset Management LLC · File #028-15243 · Q2 2013 – Q3 2015 · declared by one filing

Key People

Form ADV owners & control persons
Stephen Michael Brackett
PRESIDENT
David Charles Kaplan
PRESIDENT
Timothy Adam Krochuk
PRESIDENT
Q1 2026

Coverage begins with the second quarter of 2013. Earlier quarters are not shown while their accuracy is being verified.

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Q2 2026 13F filing summary

Period of report June 30, 2026
Filed August 14, 2026
Form 13F-HR
Reported value $125.9M
Positions 62
Change in reported value +5.8%
New positions 3
Exited positions 2
Position turnover 7.8%
Top-10 concentration 50.7%

13F filings by quarter

Quarter Positions Value
Q2 2026 13F
Filed Aug 14, 2026
 62 $125.9M
Q1 2026 13F
Filed May 15, 2026
 61 $119.0M
Q4 2025 13F
Filed Feb 13, 2026
 64 $121.1M
Q3 2025 13F
Filed Nov 13, 2025
 61 $121.8M
Q2 2025 13F
Filed Aug 14, 2025
 57 $115.1M
Q1 2025 13F
Filed May 15, 2025
 58 $116.8M
Q4 2024 13F
Filed Feb 14, 2025
 51 $119.6M
Q3 2024 13F
Filed Nov 14, 2024
 55 $132.6M
Q2 2024 13F
Filed Aug 14, 2024
 57 $126.6M
Q1 2024 13F
Filed May 15, 2024
 55 $125.3M
Q4 2023 13F
Filed Feb 14, 2024
 54 $123.0M
Q3 2023 13F
Filed Nov 14, 2023
 52 $115.1M
Q2 2023 13F
Filed Aug 14, 2023
 52 $126.4M
Q1 2023 13F
Filed May 11, 2023
 55 $113.4M
Q4 2022 13F
Filed Feb 14, 2023
 71 $168.6M
Q3 2022 13F
Filed Nov 9, 2022
 140 $199.7M
Q2 2022 13F
Filed Aug 12, 2022
 180 $228.9M
Q1 2022 13F
Filed May 6, 2022
 182 $264.2M
Q4 2021 13F
Filed Feb 14, 2022
 186 $277.5M
Q3 2021 13F
Filed Nov 12, 2021
 186 $272.3M

33 earlier quarters on file — choose one from the quarter menu above.

Top 20 holdings · Q2 2026

# Holding Reported value % of portfolio
1 VTI VANGUARD INDEX FDS $12.5M 9.95%
2 AAPL APPLE INC $8.8M 6.99%
3 USMV ISHARES TR $8.1M 6.43%
4 ANGL VANECK ETF TRUST $8.1M 6.41%
5 SCHV SCHWAB STRATEGIC TR $5.5M 4.34%
6 JQUA J P MORGAN EXCHANGE TRADED F $5.1M 4.08%
7 MTUM ISHARES TR $4.1M 3.24%
8 FDL FIRST TR EXCHANGE-TRADED FD $4.0M 3.2%
9 ET ENERGY TRANSFER L P $3.9M 3.09%
10 IJR ISHARES TR $3.7M 2.93%
11 JMBS JANUS DETROIT STR TR $3.2M 2.54%
12 CORP PIMCO ETF TR $3.1M 2.49%
13 VO VANGUARD INDEX FDS $3.0M 2.42%
14 JEPI J P MORGAN EXCHANGE TRADED F $3.0M 2.4%
15 ACWI ISHARES TR $2.8M 2.26%
16 BRK-B BERKSHIRE HATHAWAY INC DEL $2.7M 2.17%
17 SHV ISHARES TR $2.5M 2.0%
18 ZROZ PIMCO ETF TR $2.5M 1.95%
19 VNQ VANGUARD INDEX FDS $2.4M 1.88%
20 IBM INTERNATIONAL BUSINESS MACHS $2.2M 1.72%

Values as reported on the Q2 2026 Form 13F. Every position is in the holdings table below.

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