# EDGAR Filing Document

**Accession Number:** 0001218583
**File Stem:** 0000919574-26-003276
**Filing Date:** 2026-5
**Character Count:** 10392
**Document Hash:** b151213946de37f1c5b77824022b4242
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000919574-26-003276.hdr.sgml**: 20260515

**ACCESSION NUMBER**: 0000919574-26-003276

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260515

**DATE AS OF CHANGE**: 20260515

**EFFECTIVENESS DATE**: 20260515

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** SHEPHERD KAPLAN KROCHUK, LLC
- **CENTRAL INDEX KEY:** 0001218583

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-10361
- **FILM NUMBER:** 26984193

**BUSINESS ADDRESS:**
- **STREET 1:** 53 STATE STREET
- **STREET 2:** 23RD FLOOR
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02109
- **BUSINESS PHONE:** 617-226-1700

**MAIL ADDRESS:**
- **STREET 1:** 53 STATE STREET
- **STREET 2:** 23RD FLOOR
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02109

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** GRT CAPITAL PARTNERS L.L.C.
- **DATE OF NAME CHANGE:** 20150813

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** GRT CAPITAL PARTNERS LLC
- **DATE OF NAME CHANGE:** 20030212

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 03-31-2026

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** SHEPHERD KAPLAN KROCHUK LLC<br>**Address:** 53 State Street<br>23rd Floor<br>Boston, MA 02109

**Form 13F File Number:** 028-10361

**CRD Number (if applicable):** 000127304

**SEC File Number (if applicable):** 801-62286

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Timothy A. Krochuk<br>**Title:** Manager<br>**Phone:** 617-896-1600

**Signature, Place, and Date of Signing:**

Timothy A. Krochuk  Boston, MA  05-15-2026<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 2

**Form 13F Information Table Entry Total:** 61

**Form 13F Information Table Value Total:** $118961574

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

| No.   | Name                        | Form 13F File Number   |
|:---|:---|:---|
|  | Peak Capital Management LLC | 028-18093              |
|  | Shepherd Kaplan LLC         | 028-24477              |

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| ABBVIE INC | COM | 00287Y109 |  | 415406 | 1910 | SH |  | SOLE |  | 0 | 0 | 1910 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 203017 | 706 | SH |  | SOLE |  | 0 | 0 | 706 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 266737 | 930 | SH |  | SOLE |  | 0 | 0 | 930 |
| ALPS ETF TR | ALERIAN MLP | 00162Q452 |  | 503360 | 9562 | SH |  | SOLE |  | 0 | 0 | 9562 |
| APPLE INC | COM | 037833100 |  | 7719338 | 30416 | SH |  | SOLE |  | 0 | 0 | 30416 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 2659560 | 5550 | SH |  | SOLE |  | 0 | 0 | 5550 |
| DBX ETF TR | XTRACK MSCI EAFE | 233051630 |  | 2121364 | 65454 | SH |  | SOLE |  | 0 | 0 | 65454 |
| DIREXION SHARES ETF TRUST | DAILY S 500 BE | 25460E869 |  | 1340384 | 134712 | SH |  | SOLE |  | 0 | 0 | 134712 |
| DOW HLDGS INC | COM | 260557103 |  | 1112138 | 26702 | SH |  | SOLE |  | 0 | 0 | 26702 |
| DUKE ENERGY CORP NEW | COM NEW | 26441C204 |  | 854645 | 6527 | SH |  | SOLE |  | 0 | 0 | 6527 |
| ENERGY TRANSFER L P | COM UT LTD PTN | 29273V100 |  | 4148747 | 214961 | SH |  | SOLE |  | 0 | 0 | 214961 |
| ENERGY VAULT HOLDINGS INC | COM | 29280W109 |  | 223727 | 67796 | SH |  | SOLE |  | 0 | 0 | 67796 |
| ENTERPRISE PRODS PARTNERS L | COM | 293792107 |  | 852838 | 22538 | SH |  | SOLE |  | 0 | 0 | 22538 |
| EXCHANGE LISTED FDS TR | STRATIFIED LARGE | 30151E533 |  | 1016073 | 11509 | SH |  | SOLE |  | 0 | 0 | 11509 |
| FIRST TR EXCHANGE-TRADED FD | SHS | 336917109 |  | 1959559 | 38574 | SH |  | SOLE |  | 0 | 0 | 38574 |
| FRANKLIN RESOURCES INC | COM | 354613101 |  | 548197 | 23209 | SH |  | SOLE |  | 0 | 0 | 23209 |
| GILEAD SCIENCES INC | COM | 375558103 |  | 884024 | 6343 | SH |  | SOLE |  | 0 | 0 | 6343 |
| GOLDMAN SACHS ETF TR | ACTIVEBETA INT | 381430107 |  | 391189 | 9070 | SH |  | SOLE |  | 0 | 0 | 9070 |
| HARBOR ETF TRUST | INTERNATNAL COMP | 41151J885 |  | 340962 | 11778 | SH |  | SOLE |  | 0 | 0 | 11778 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 610683 | 2519 | SH |  | SOLE |  | 0 | 0 | 2519 |
| INVESCO EXCH TRADED FD TR II | PFD ETF | 46138E511 |  | 1583345 | 145528 | SH |  | SOLE |  | 0 | 0 | 145528 |
| INVESCO EXCHANGE TRADED FD T | S EQL WGT | 46137V357 |  | 1263090 | 6581 | SH |  | SOLE |  | 0 | 0 | 6581 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 538064 | 932 | SH |  | SOLE |  | 0 | 0 | 932 |
| ISHARES BITCOIN TRUST ETF | SHS BEN INT | 46438F101 |  | 512869 | 13349 | SH |  | SOLE |  | 0 | 0 | 13349 |
| ISHARES TR | MSCI USA MMENTM | 46432F396 |  | 3931082 | 16380 | SH |  | SOLE |  | 0 | 0 | 16380 |
| ISHARES TR | MSCI USA MIN VOL | 46429B697 |  | 7180487 | 77426 | SH |  | SOLE |  | 0 | 0 | 77426 |
| ISHARES TR | CORE S ETF | 464287200 |  | 845195 | 1294 | SH |  | SOLE |  | 0 | 0 | 1294 |
| ISHARES TR | 0-3 MNTH TREASRY | 46436E718 |  | 2081865 | 20682 | SH |  | SOLE |  | 0 | 0 | 20682 |
| ISHARES TR | S 500 GRWT ETF | 464287309 |  | 897968 | 7939 | SH |  | SOLE |  | 0 | 0 | 7939 |
| ISHARES TR | TRUST ISHARE 0-1 | 464288679 |  | 2437301 | 22079 | SH |  | SOLE |  | 0 | 0 | 22079 |
| ISHARES TR | MSCI ACWI ETF | 464288257 |  | 3752774 | 27121 | SH |  | SOLE |  | 0 | 0 | 27121 |
| ISHARES TR | CORE S SCP ETF | 464287804 |  | 3140568 | 25264 | SH |  | SOLE |  | 0 | 0 | 25264 |
| J P MORGAN EXCHANGE TRADED F | EQUITY PREMIUM | 46641Q332 |  | 2610341 | 46054 | SH |  | SOLE |  | 0 | 0 | 46054 |
| J P MORGAN EXCHANGE TRADED F | US QUALTY FCTR | 46641Q761 |  | 4516508 | 73655 | SH |  | SOLE |  | 0 | 0 | 73655 |
| J P MORGAN EXCHANGE TRADED F | DIV RTN EM EQT | 46641Q308 |  | 413950 | 6663 | SH |  | SOLE |  | 0 | 0 | 6663 |
| JANUS DETROIT STR TR | HENDERSON MTG | 47103U852 |  | 3569943 | 79016 | SH |  | SOLE |  | 0 | 0 | 79016 |
| KINDER MORGAN INC DEL | COM | 49456B101 |  | 2153197 | 64217 | SH |  | SOLE |  | 0 | 0 | 64217 |
| MAGNA INTL INC | COM | 559222401 |  | 958537 | 17175 | SH |  | SOLE |  | 0 | 0 | 17175 |
| NEWMONT CORP | COM | 651639106 |  | 1182198 | 10921 | SH |  | SOLE |  | 0 | 0 | 10921 |
| NUVEEN MUN VALUE FD INC | COM | 670928100 |  | 539805 | 60045 | SH |  | SOLE |  | 0 | 0 | 60045 |
| PFIZER INC | COM | 717081103 |  | 903951 | 32192 | SH |  | SOLE |  | 0 | 0 | 32192 |
| PIMCO ETF TR | INV GRD CRP BD | 72201R817 |  | 3317142 | 34268 | SH |  | SOLE |  | 0 | 0 | 34268 |
| PIMCO ETF TR | 25YR+ ZERO U S | 72201R882 |  | 3593585 | 56141 | SH |  | SOLE |  | 0 | 0 | 56141 |
| PROSHARES TR | SHRT 20+YR TRE | 74347X849 |  | 528384 | 21807 | SH |  | SOLE |  | 0 | 0 | 21807 |
| PRUDENTIAL FINL INC | COM | 744320102 |  | 379037 | 3880 | SH |  | SOLE |  | 0 | 0 | 3880 |
| SCHWAB STRATEGIC TR | US LCAP VA ETF | 808524409 |  | 5179815 | 169830 | SH |  | SOLE |  | 0 | 0 | 169830 |
| SCHWAB STRATEGIC TR | US DIVIDEND EQ | 808524797 |  | 309684 | 10094 | SH |  | SOLE |  | 0 | 0 | 10094 |
| SPDR GOLD TR | GOLD SHS | 78463V107 |  | 361874 | 841 | SH |  | SOLE |  | 0 | 0 | 841 |
| STATE STR SPDR S 500 ETF T | TR UNIT | 78462F103 |  | 388560 | 597 | SH |  | SOLE |  | 0 | 0 | 597 |
| THE CAMPBELLS COMPANY | COM | 134429109 |  | 2424958 | 108889 | SH |  | SOLE |  | 0 | 0 | 108889 |
| ULTIMUS MANAGERS TR | WESTWOOD SALIENT | 90386K589 |  | 530416 | 18546 | SH |  | SOLE |  | 0 | 0 | 18546 |
| VANECK ETF TRUST | FALLEN ANGEL HG | 92189F437 |  | 8150650 | 283797 | SH |  | SOLE |  | 0 | 0 | 283797 |
| VANGUARD ADMIRAL FDS INC | SMLLCP 600 IDX | 921932828 |  | 1526572 | 13294 | SH |  | SOLE |  | 0 | 0 | 13294 |
| VANGUARD BD INDEX FDS | INTERMED TERM | 921937819 |  | 1128109 | 14617 | SH |  | SOLE |  | 0 | 0 | 14617 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 720645 | 1206 | SH |  | SOLE |  | 0 | 0 | 1206 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 |  | 10934310 | 34083 | SH |  | SOLE |  | 0 | 0 | 34083 |
| VANGUARD INDEX FDS | REAL ESTATE ETF | 922908553 |  | 2190092 | 24691 | SH |  | SOLE |  | 0 | 0 | 24691 |
| VANGUARD INDEX FDS | MID CAP ETF | 922908629 |  | 2706864 | 9426 | SH |  | SOLE |  | 0 | 0 | 9426 |
| VANGUARD INDEX FDS | GROWTH ETF | 922908736 |  | 396824 | 909 | SH |  | SOLE |  | 0 | 0 | 909 |
| VANGUARD MUN BD FDS | TAX EXEMPT BD | 922907746 |  | 490269 | 9827 | SH |  | SOLE |  | 0 | 0 | 9827 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 518798 | 10335 | SH |  | SOLE |  | 0 | 0 | 10335 |

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