KITCHING PARTNERS, LLC

Registered adviser

CIK

2010145

Location

CONSHOHOCKEN, PA

Portfolio Value

Small $132,249,222

Diversification

Diversified

Filing Date

Global Rank

#8,113 / 8,835 ▼ 138 · as of Jun 2026

Top Industry

Semiconductors 23.0%

3Y Alpha vs SPY

-7.1%

Period ended 46 days ago

Filed Nov 2, 2026 · 13d

12 quarters · since Dec 2023

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, Nov 1, 2026

Form ADV adviser

CRD 325042

Roster of Nov 1, 2026

Regulatory AUM

$645,931,853

Main clients

Individuals and high net worth (100% of AUM)

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 Nov 2026	$645,931,853	Individuals and high net worth (100%)
Apr 2025 to Mar 2026	$538,602,628	Individuals and high net worth (100%)
Apr 2024 to Mar 2025	$477,563,232	Individuals and high net worth (100%)
Jul 2023 to Mar 2024	$415,752,483	Individuals and high net worth (100%)
May 2023 to Jun 2023	$0	—
Apr 2023	$0	—

Portfolio style

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

Style

Concentrated

The top 10 positions are 89.8% of the book (60%+)

Turnover

Low turnover

16.3% over the last four quarters (under 30%)

Horizon

Medium horizon

Value-weighted holding period 10.2 quarters (4 to under 12)

Closest benchmark: every 13F filer's combined book, active share 87.3%; sector active share 79.8% against the combined 13F book's sector weights.

Over time 11 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+. Stocks and the top 10 weight count issuers: share classes of one company are one stock, and options are left out, so they can differ from the position count and top 10 concentration of GetInstitutionSummary and GetInstitutionPortfolio, which count each listed share class.

Clone Performance

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

View clone backtest

Portfolio Concentration

39 common stock positions · as of Sep 30, 2026 · Δ vs Jun 30, 2026

Top Position

14.5%

−0.9 pts

Top 5

60.4%

+0.5 pts

Top 10

90.0%

+0.2 pts

HHI

945

Diversified+6

Portfolio Trend

12 quarters · across all stocks

Sector Breakdown

Common stock positions · as of Sep 30, 2026

Sector	% Portfolio	Value	Positions
Unclassified	93.1%	$123,117,441	18
Technology	3.3%	$4,307,491	8
Consumer Cyclical	0.8%	$1,095,586	2
Financial Services	0.8%	$1,039,098	3
Communication Services	0.8%	$1,020,108	2
Healthcare	0.4%	$560,654	2
Industrials	0.4%	$515,284	1
Basic Materials	0.3%	$373,354	2
Consumer Defensive	0.2%	$220,206	1

Last Quarter's Activity

Export CSV

Sep 30, 2026 vs Jun 30, 2026

Added To

Positions the filer increased

23 positions

Ticker	Company	Δ Shares	Shares	Value
VUSB	VANGUARD ULTRA-SHORT BOND ETF	+63,001	309,698	$15,345,535
VWO	VANGUARD EMERGING MARKETS STOCK INDEX FUND	+34,130	150,247	$8,911,149
VEA	Vanguard FTSE Developed Markets ETF	+32,308	233,408	$16,480,938
LEMB	iShares J.P. Morgan EM Local Currency Bond ETF	+21,643	76,526	$3,233,223
VGSH	VANGUARD SHORT-TERM TREASURY INDEX FUND	+16,986	38,944	$2,241,616
SHYG	iShares 0-5 Year High Yield Corporate Bond ETF	+12,049	241,301	$9,953,666
SDY	State Street(R) SPDR(R) S&P(R) Dividend ETF	+11,418	77,631	$11,371,388
VGLT	VANGUARD LONG-TERM TREASURY INDEX FUND	+10,726	93,293	$4,677,711
VIG	Vanguard Specialized Funds	+6,238	82,104	$19,155,684
IAU	Ishares Gold Trust	+5,839	101,049	$7,891,926
VB	Vanguard Index Funds	+4,967	15,430	$4,389,680
VTV	VANGUARD VALUE INDEX FUND	+4,574	22,215	$4,800,217
AGG	iShares Core U.S. Aggregate Bond ETF	+1,646	9,387	$887,446
VWOB	VANGUARD EMERGING MARKETS GOVERNMENT BOND INDEX FUND	+926	72,301	$4,564,362
VOO	VANGUARD 500 INDEX FUND	+764	11,860	$8,312,199
AMZN	Amazon Com Inc	+225	3,315	$825,931
LRCX	Lam Research Corp	+198	714	$234,556
EBC	Eastern Bankshares, Inc.	+144	20,796	$435,260
MU	Micron Technology Inc	+119	357	$380,244
MSFT	Microsoft Corp	+116	1,603	$822,178
AMD	Advanced Micro Devices Inc	+78	516	$315,668
CSX	Csx Corp	+32	11,079	$515,284
AXP	American Express Co	+2	1,195	$363,398
No positions match the current search.

Trimmed

Positions the filer reduced

3 positions

Ticker	Company	Δ Shares	Shares	Value
NVDA	Nvidia Corp	−404	4,318	$986,144
AAPL	Apple Inc.	−401	1,308	$435,590
LLY	ELI LILLY & Co	−1	238	$275,385
No positions match the current search.

New Positions

Positions the filer opened this quarter

3 positions

Ticker	Company	Shares	Value
META	Meta Platforms, Inc.	388	$281,369
MA	Mastercard Inc	436	$240,440
EQX	Equinox Gold Corp.	12,018	$133,519
No positions match the current search.

Sold Out

Positions the filer fully exited

4 positions

Ticker	Company	Shares	Value
GOOG	Alphabet Inc.	577	$203,871
—		12,018	$117,656
ABTC	American Bitcoin Corp.	2,721	$27,795
GTBP	GT Biopharma, Inc.	2,000	$24,500
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

39 tracked positions · $132,249,222 total · filing declares 45 positions · $132,251,065 · as of Sep 30, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Financial Services Healthcare Industrials Technology

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
VIG	Vanguard Specialized Funds	Added	82,104	+6,238	$19,155,684	+6.7%	14.48%
VEA	Vanguard FTSE Developed Markets ETF	Added	233,408	+32,308	$16,480,938	+15.0%	12.46%
VUSB	VANGUARD ULTRA-SHORT BOND ETF	Added	309,698	+63,001	$15,345,535	+25.0%	11.60%
SDY	State Street(R) SPDR(R) S&P(R) Dividend ETF	Added	77,631	+11,418	$11,371,388	+12.9%	8.60%
SHYG	iShares 0-5 Year High Yield Corporate Bond ETF	Added	241,301	+12,049	$9,953,666	+2.4%	7.53%
VWO	VANGUARD EMERGING MARKETS STOCK INDEX FUND	Added	150,247	+34,130	$8,911,149	+28.6%	6.74%
VOO	VANGUARD 500 INDEX FUND	Added	11,860	+764	$8,312,199	+9.1%	6.29%
IAU	Ishares Gold Trust	Added	101,049	+5,839	$7,891,926	+9.8%	5.97%
VTV	VANGUARD VALUE INDEX FUND	Added	22,215	+4,574	$4,800,217	+24.9%	3.63%
VGLT	VANGUARD LONG-TERM TREASURY INDEX FUND	Added	93,293	+10,726	$4,677,711	+2.7%	3.54%
VWOB	VANGUARD EMERGING MARKETS GOVERNMENT BOND INDEX FUND	Added	72,301	+926	$4,564,362	−4.9%	3.45%
VB	Vanguard Index Funds	Added	15,430	+4,967	$4,389,680	+38.4%	3.32%
LEMB	iShares J.P. Morgan EM Local Currency Bond ETF	Added	76,526	+21,643	$3,233,223	+38.8%	2.44%
VGSH	VANGUARD SHORT-TERM TREASURY INDEX FUND	Added	38,944	+16,986	$2,241,616	+75.4%	1.69%
NVDA	Nvidia Corp Technology	Reduced	4,318	-404	$986,144	+4.4%	0.75%
AGG	iShares Core U.S. Aggregate Bond ETF	Added	9,387	+1,646	$887,446	+15.8%	0.67%
AMZN	Amazon Com Inc Consumer Cyclical	Added	3,315	+225	$825,931	+12.1%	0.62%
MSFT	Microsoft Corp Technology	Added	1,603	+116	$822,178	+48.2%	0.62%
GOOGL	Alphabet Inc. Communication Services	Held	2,147	0	$738,739	−3.7%	0.56%
NN	Nextnav Inc. Technology	Held	49,711	0	$714,844	−19.3%	0.54%
CSX	Csx Corp Industrials	Added	11,079	+32	$515,284	−1.9%	0.39%
AAPL	Apple Inc. Technology	Reduced	1,308	-401	$435,590	−11.9%	0.33%
EBC	Eastern Bankshares, Inc. Financial Services	Added	20,796	+144	$435,260	−5.2%	0.33%
AVGO	Broadcom Inc. Technology	Held	1,191	0	$418,267	−7.0%	0.32%
MU	Micron Technology Inc Technology	Added	357	+119	$380,244	+38.4%	0.29%
AXP	American Express Co Financial Services	Added	1,195	+2	$363,398	−9.9%	0.27%
SILJ		Held	12,583	0	$343,264	+5.2%	0.26%
AMD	Advanced Micro Devices Inc Technology	Added	516	+78	$315,668	+24.1%	0.24%
COPX	Global X Copper Miners ETF	Held	3,540	0	$299,838	+10.0%	0.23%
PHG	Koninklijke Philips NV Healthcare	Held	11,677	0	$285,269	−10.2%	0.22%
META	Meta Platforms, Inc. Communication Services	NEW	388	NEW	$281,369	NEW	0.21%
LLY	ELI LILLY & Co Healthcare	Reduced	238	-1	$275,385	−3.9%	0.21%
TSLA	Tesla, Inc. Consumer Cyclical	Held	760	0	$269,655	−15.6%	0.20%
SIL	Global X Silver Miners ETF	Held	2,995	0	$257,599	+11.0%	0.19%
MA	Mastercard Inc Financial Services	NEW	436	NEW	$240,440	NEW	0.18%
CDE	Coeur Mining, Inc. Basic Materials	Held	13,627	0	$239,835	+7.8%	0.18%
LRCX	Lam Research Corp Technology	Added	714	+198	$234,556	+4.9%	0.18%
PM	Philip Morris International Inc. Consumer Defensive	Held	1,154	0	$220,206	+5.5%	0.17%
EQX	Equinox Gold Corp. Basic Materials	NEW	12,018	NEW	$133,519	NEW	0.10%

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.