SHEPHERD KAPLAN KROCHUK, LLC

Registered adviser

CIK

1218583

Location

Boston, MA

Portfolio Value

Micro $93,658,029

Diversification

Diversified

Reports for

Peak Capital Management LLC Shepherd Kaplan, LLC

Filing Date

Global Rank

#8,297 / 8,811 ▼ 41

Top Industry

Consumer Electronics 31.3%

Period ended 4 months ago

Filed Aug 14, 2026 · 2mo

26 quarters · since Mar 2020

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Registered adviser

Form ADV roster, Oct 1, 2026

Form ADV adviser

CRD 127304

Roster of Oct 1, 2026

Regulatory AUM

$10,884,215,665

Main clients

Pension and profit sharing plans (68% of AUM)

Private funds

58 funds · Venture capital funds

Focus by fund count, roster of Oct 1, 2026

$1,135,308,719 gross assets

Private funds on Schedule D 7.B.(1)

As filed Mar 28, 2024; SEC's bulk Form ADV archive ends with 2024 filings.

$513,528,784 gross assets in 49 funds Real estate funds $228,288,773 (7) Venture capital funds $219,959,642 (40) Private equity funds $65,280,369 (2)

Form ADV history

Monthly rosters from Dec 2019; each row is a run with the same figures, newest first.

Rosters	Regulatory AUM	Main clients
Apr 2026 to Oct 2026	$10,884,215,665	Pension and profit sharing plans (68%)
Apr 2025 to Mar 2026	$9,736,764,899	Pension and profit sharing plans (71%)
Apr 2024 to Mar 2025	$8,905,692,748	Pension and profit sharing plans (71%)
May 2023 to Mar 2024	$7,940,705,233	Pension and profit sharing plans (69%)
Apr 2023	$7,940,705,233	Pension and profit sharing plans (69%)
Apr 2022 to Mar 2023	$8,849,112,173	Pension and profit sharing plans (72%)

3 earlier changes not shown.

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2026, never from the firm's own description.

Style

Concentrated

The top 10 positions are 70.1% of the book (60%+)

Turnover

Low turnover

21.3% over the last four quarters (under 30%)

Horizon

Long horizon

Value-weighted holding period 17.7 quarters (12+), a floor since 10.1% of the book was already held when coverage starts

Closest benchmark: the S&P 500 as of 2026-06-30, active share 88.4%; sector active share 60.6% against the combined 13F book's sector weights.

Over time 26 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

View clone backtest

Portfolio Concentration

61 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

18.0%

+6.6 pts

Top 5

51.1%

+0.9 pts

Top 10

70.1%

+1.7 pts

HHI

726

Diversified+96

Portfolio Trend

26 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Unclassified	70.0%	$65,531,717	39
Technology	12.3%	$11,514,210	3
Financial Services	7.2%	$6,786,743	5
Energy	3.0%	$2,826,237	3
Healthcare	2.4%	$2,294,284	3
Basic Materials	1.7%	$1,557,125	2
Utilities	1.2%	$1,124,938	2
Consumer Cyclical	1.1%	$1,013,396	1
Communication Services	1.1%	$1,009,379	3

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

19 positions

Ticker	Company	Δ Shares	Shares	Value
SPDN	Direxion Daily S&P 500 Bear 1X Shares	+58,745	193,457	$0
PGX	Invesco Ltd.	+50,677	196,205	$2,126,862
FDL	First Trust Morningstar Dividend Leaders Index Fund	+44,080	82,654	$4,021,943
VO	VANGUARD MID-CAP INDEX FUND	+28,394	37,820	$3,047,157
JEPI	JPMorgan Equity Premium Income ETF	+7,476	53,530	$3,023,374
USMV	iShares MSCI USA Min Vol Factor ETF	+6,503	83,929	$0
IBM	International Business Machines Corp	+5,185	7,704	$2,166,441
VUG	VANGUARD GROWTH INDEX FUND	+4,544	5,453	$469,721
RSP	Victory Portfolios II	+2,976	9,557	$2,033,442
PRU	Prudential Financial Inc	+2,640	6,520	$703,703
ABBV	AbbVie Inc.	+1,116	3,026	$761,462
SHV	iShares 0-1 Year Treasury Bond ETF	+732	22,811	$0
SGOV	iShares 0-3 Month Treasury Bond ETF	+228	20,910	$0
AMLP	Alerian MLP ETF	+223	9,785	$0
NRGV	Energy Vault Holdings, Inc.	+175	67,971	$320,143
BIV	Vanguard Bond Index Funds	+160	14,777	$1,133,395
QQQ	Invesco Qqq Trust, Series 1	+3	935	$688,534
AAPL	Apple Inc.	+3	30,419	$8,802,041
SPY	Spdr S&P 500 ETF Trust	+2	599	$447,315
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
ZROZ	PIMCO 25+ Year Zero Coupon U.S. Treasury Index Exchange-Traded Fund	−17,841	38,300	$2,455,030
HDEF	Xtrackers MSCI EAFE High Dividend Yield Equity ETF	−13,577	51,877	$1,667,326
SCHV	Schwab U.S. Large-Cap Value ETF	−12,960	156,870	$5,460,644
ET	Energy Transfer LP	−11,439	203,522	$0
TBF	ProShares Short 20+ Year Treasury	−9,446	12,361	$299,507
ACWI	iShares MSCI ACWI ETF	−8,999	18,122	$0
JMBS	Janus Henderson Mortgage-Backed Securities ETF	−7,875	71,141	$3,200,633
ANGL	VanEck Fallen Angel High Yield Bond ETF	−7,848	275,949	$8,068,748
DOW	Dow Inc.	−7,071	19,631	$537,104
MTUM	iShares MSCI USA Momentum Factor ETF	−4,473	11,907	$0
JQUA	JPMorgan U.S. Quality Factor ETF	−2,630	71,025	$5,133,687
BEN	Franklin Templeton Inc	−2,361	20,848	$693,612
CORP	PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund	−1,882	32,386	$3,138,203
NUV	Nuveen Municipal Value Fund Inc	−1,754	58,291	$537,443
MGA	Magna International Inc	−1,741	15,434	$1,013,396
KMI	Kinder Morgan, Inc.	−1,729	62,488	$1,997,741
PFE	Pfizer Inc	−1,428	30,764	$740,797
GSIE	Goldman Sachs ActiveBeta(R) International Equity ETF	−943	8,127	$371,403
JPEM	JPMorgan Diversified Return Emerging Markets Equity ETF	−585	6,078	$381,576
IJR	iShares Core S&P Small-Cap ETF	−359	24,905	$0
VTI	VANGUARD TOTAL STOCK MARKET INDEX FUND	−247	33,836	$12,520,673
VZ	Verizon Communications Inc	−215	10,120	$428,480
VNQ	VANGUARD REAL ESTATE INDEX FUND	−180	24,511	$2,363,595
DUK	Duke Energy CORP	−169	6,358	$804,795
BRK-B	Berkshire Hathaway Inc	−104	5,446	$2,725,123
No positions match the current search.

New Positions

Positions the filer opened this quarter

3 positions

Ticker	Company	Shares	Value
MSFT	Microsoft Corp	1,463	$545,728
SPGP	Victory Portfolios II	1,797	$219,755
IWD	iShares Russell 1000 Value ETF	938	$0
No positions match the current search.

Sold Out

Positions the filer fully exited

2 positions

Ticker	Company	Shares	Value
CPB	CAMPBELL'S Co	108,889	$2,424,958
SCHD	Schwab U.S. Dividend Equity ETF	10,094	$309,683
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

61 tracked positions · $93,658,029 total · filing declares 62 positions · $125,864,799 · as of Jun 30, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Energy Financial Services Healthcare Technology Utilities

Showing 1–50 of 61 positions by value · page 1 of 2

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
VTI	VANGUARD TOTAL STOCK MARKET INDEX FUND	Reduced	33,836	-247	$12,520,673	—	14	unpriced	13.37%
AAPL	Apple Inc. Technology	Added	30,419	+3	$8,802,041	+14.0%	25	$91.50	9.40%
ANGL	VanEck Fallen Angel High Yield Bond ETF	Reduced	275,949	-7,848	$8,068,748	−1.0%	25	unpriced	8.62%
SCHV	Schwab U.S. Large-Cap Value ETF	Reduced	156,870	-12,960	$5,460,644	+5.4%	25	unpriced	5.83%
JQUA	JPMorgan U.S. Quality Factor ETF	Reduced	71,025	-2,630	$5,133,687	+13.7%	25	unpriced	5.48%
FDL	First Trust Morningstar Dividend Leaders Index Fund	Added	82,654	+44,080	$4,021,943	+105.2%	3	$46.94	4.29%
JMBS	Janus Henderson Mortgage-Backed Securities ETF	Reduced	71,141	-7,875	$3,200,633	−10.3%	18	$48.62	3.42%
CORP	PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund	Reduced	32,386	-1,882	$3,138,203	−5.4%	15	$94.16	3.35%
VO	VANGUARD MID-CAP INDEX FUND	Added	37,820	+28,394	$3,047,157	—	26+	before history	3.25%
JEPI	JPMorgan Equity Premium Income ETF	Added	53,530	+7,476	$3,023,374	+15.8%	12	$56.44	3.23%
BRK-B	Berkshire Hathaway Inc Financial Services	Reduced	5,446	-104	$2,725,123	+2.5%	26+	before history	2.91%
ZROZ	PIMCO 25+ Year Zero Coupon U.S. Treasury Index Exchange-Traded Fund	Reduced	38,300	-17,841	$2,455,030	−31.7%	6	$68.30	2.62%
VNQ	VANGUARD REAL ESTATE INDEX FUND	Reduced	24,511	-180	$2,363,595	+7.9%	25	$84.53	2.52%
IBM	International Business Machines Corp Technology	Added	7,704	+5,185	$2,166,441	+254.8%	10	$230.92	2.31%
PGX	Invesco Ltd. Financial Services	Added	196,205	+50,677	$2,126,862	+34.3%	25	$13.05	2.27%
RSP	Victory Portfolios II	Added	9,557	+2,976	$2,033,442	+61.0%	3	$195.79	2.17%
KMI	Kinder Morgan, Inc. Energy	Reduced	62,488	-1,729	$1,997,741	−7.2%	26+	before history	2.13%
VIOO	VANGUARD S&P SMALL-CAP 600 INDEX FUND	Held	13,294	0	$1,828,456	—	23	unpriced	1.95%
HDEF	Xtrackers MSCI EAFE High Dividend Yield Equity ETF	Reduced	51,877	-13,577	$1,667,326	−21.4%	22	unpriced	1.78%
BIV	Vanguard Bond Index Funds	Added	14,777	+160	$1,133,395	+0.5%	8	$76.90	1.21%
SSPY	Stratified LargeCap Index ETF	Held	11,509	0	$1,118,364	+10.1%	25	unpriced	1.19%
NEM	NEWMONT Corp Basic Materials	Held	10,921	0	$1,020,021	−13.7%	25	$58.49	1.09%
MGA	Magna International Inc Consumer Cyclical	Reduced	15,434	-1,741	$1,013,396	+5.7%	6	$38.09	1.08%
EPD	Enterprise Products Partners L.P. Energy	Held	22,538	0	$828,496	−2.9%	26+	before history	0.88%
VOO	VANGUARD 500 INDEX FUND	Held	1,206	0	$828,292	—	26+	before history	0.88%
DUK	Duke Energy CORP Utilities	Reduced	6,358	-169	$804,795	−5.8%	13	$94.49	0.86%
GILD	Gilead Sciences, Inc. Healthcare	Reduced	6,269	-74	$792,025	−10.4%	6	$103.18	0.85%
ABBV	AbbVie Inc. Healthcare	Added	3,026	+1,116	$761,462	+83.3%	3	$223.13	0.81%
PFE	Pfizer Inc Healthcare	Reduced	30,764	-1,428	$740,797	−18.0%	6	$26.17	0.79%
PRU	Prudential Financial Inc Financial Services	Added	6,520	+2,640	$703,703	+85.7%	3	$104.97	0.75%
BEN	Franklin Templeton Inc Financial Services	Reduced	20,848	-2,361	$693,612	+26.5%	6	$20.04	0.74%
QQQ	Invesco Qqq Trust, Series 1	Added	935	+3	$688,534	+28.0%	5	$499.50	0.74%
MSFT	Microsoft Corp Technology	NEW	1,463	NEW	$545,728	NEW	1	$404.60	0.58%
NUV	Nuveen Municipal Value Fund Inc Financial Services	Reduced	58,291	-1,754	$537,443	−0.4%	21	$11.37	0.57%
DOW	Dow Inc. Basic Materials	Reduced	19,631	-7,071	$537,104	−51.7%	6	$35.07	0.57%
VTEB	VANGUARD TAX-EXEMPT BOND INDEX FUND	Held	9,827	0	$497,049	+1.4%	11	$49.03	0.53%
VUG	VANGUARD GROWTH INDEX FUND	Added	5,453	+4,544	$469,721	—	13	unpriced	0.50%
SPY	Spdr S&P 500 ETF Trust	Added	599	+2	$447,315	+15.2%	8	$554.57	0.48%
IBIT	iShares Bitcoin Trust ETF	Held	13,349	0	$444,388	−13.4%	9	$37.63	0.47%
VZ	Verizon Communications Inc Communication Services	Reduced	10,120	-215	$428,480	−17.4%	6	$41.63	0.46%
JPEM	JPMorgan Diversified Return Emerging Markets Equity ETF	Reduced	6,078	-585	$381,576	−7.8%	15	$48.55	0.41%
GSIE	Goldman Sachs ActiveBeta(R) International Equity ETF	Reduced	8,127	-943	$371,403	−5.1%	25	$27.86	0.40%
OSEA	Harbor International Compounders ETF	Held	11,778	0	$359,700	+5.5%	8	$27.92	0.38%
GOOG	Alphabet Inc. Communication Services	Held	930	0	$328,596	+23.2%	4	$221.40	0.35%
NRGV	Energy Vault Holdings, Inc. Utilities	Added	67,971	+175	$320,143	+43.1%	7	$2.22	0.34%
GLD	Spdr Gold Trust	Held	841	0	$309,807	−14.4%	10	$202.86	0.33%
TBF	ProShares Short 20+ Year Treasury	Reduced	12,361	-9,446	$299,507	—	4	unpriced	0.32%
GOOGL	Alphabet Inc. Communication Services	Held	706	0	$252,303	+24.3%	3	$285.73	0.27%
SPGP	Victory Portfolios II	NEW	1,797	NEW	$219,755	NEW	1	$117.38	0.23%
ET	Energy Transfer LP Energy	Reduced	203,522	-11,439	$0	—	26+	before history	0.00%

Showing the top 50 of 61 positions. Create a free account to see every position, past quarters, search, filters and CSV export.

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.