Shilanski & Associates, Inc.

Open in PORT →← all managers

CIK 1722084

13F portfolio (2025-Q3)

$376M

Positions

109

Implied 1Y CAGR

modeled · as filed

Long positions in SEC Section 13(f) securities (US-listed stocks, ADRs and ETFs), largest first · Δ vs 2025-Q2. A lagged quarterly snapshot (filed ≤45 days after quarter-end); excludes shorts, options, cash, and shares listed only on non-US exchanges — foreign companies held via a US listing or ADR (e.g. Alibaba, TSMC) ARE included.

Implied return what this book implies · modeled, not advice methodology →

Open in PORT →

As filed = each book applied at its quarter-end (what the reported book did) · As copyable = applied at its statutory 45-day filing deadline (what a 13F follower could have earned).

Computing…

Hypothetical modeled performance constructed with hindsight — not actual results, and not indicative of future results. See the Disclaimer.

Exposures · what this manager owns, by sector & size (2025-Q3)

Holdings

109

Top 5

30.4%

Top 10

43.9%

Effective N

28.3

HHI

0.035

This quarter

29 new · 0 exit →

By sector

Unclassified51.4%

Information Technology12.6%

Utilities7.1%

Financials6.8%

Industrials6.1%

Consumer Staples4.8%

Materials4.4%

Communication Services2.3%

Other4.6%

By market cap

Unknown57.3%

Mega (>$200B)22.8%

Large ($10–200B)19.2%

Mid ($2–10B)0.7%

By region

Other51.4%

North America45.4%

Europe2.8%

Asia-Pacific0.3%

Africa0.2%

By industry group GICS — finer than sector

Industry group	Weight	Names
Unclassified	51.35%	22
Utilities	7.08%	9
Technology Hardware & Equipment	6.00%	4
Banks	5.95%	10
Tobacco	3.57%	3
Software	3.46%	5
Semiconductors & Semiconductor Equipment	3.05%	3
Metals & Mining	2.65%	7
Oil, Gas & Consumable Fuels	2.01%	2
Chemicals	1.68%	2
Machinery	1.67%	2
Pharmaceuticals & Biotechnology	1.60%	6
Industrial Conglomerates	1.58%	1
Beverages	1.22%	1
Commercial Services & Supplies	1.10%	4
Software & IT Services	1.04%	3
Aerospace & Defense	0.96%	2
Airlines	0.77%	4
Capital Markets	0.72%	4
Entertainment	0.57%	1
Distributors	0.57%	1
Media & Publishing	0.48%	1
Diversified Telecommunication Services	0.28%	4
Specialty Retail	0.22%	2
Insurance	0.12%	2
Hotels, Restaurants & Leisure	0.10%	1
Construction Materials	0.07%	1
Media & Entertainment	0.07%	1
Automobiles & Components	0.07%	1

Top holdings

#	Ticker	Name	Sector	Weight
1	SPY	STATE STR SPDR S&P 500 ETF T	Unclassified	12.00%
2	SCHB	SCHWAB STRATEGIC TR	Unclassified	8.40%
3	FNDF	SCHWAB STRATEGIC TR	Unclassified	3.85%
4	SPYG	SPDR SERIES TRUST STATE STREET SPD	Unclassified	3.09%
5	SPHD	INVESCO EXCH TRADED FD TR II	Unclassified	3.03%
6	TIP	ISHARES TR	Unclassified	2.78%
7	JNK	SPDR SER TR	Unclassified	2.78%
8	SPIB	SPDR SERIES TRUST	Unclassified	2.76%
9	IBM	INTERNATIONAL BUSINESS MACHINES CORP	Information Technology	2.72%
10	SRLN	SSGA ACTIVE ETF TR	Unclassified	2.48%

87/109 names classified · sector 48.6% of weight · industry 48.6% · mkt cap 42.7%; unclassified names shown, never dropped.

Sector allocation over time · how the GICS mix & top names shifted quarter by quarter

top 5/sector, rest → “Other” · 26 quarters

Information TechnologyMSFT, CSCO, IBM, AAPL, NVDA · other

Consumer StaplesKO, MO, PM, GIS, PEP · other

MaterialsPG, RIO, DECK, EL, TREX · other

FinancialsBAC, RY, BRK.B, KNSL, HSBC · other

UtilitiesSO, AWK, OKE, AEP, KMI · other

IndustrialsMMM, AXON, FICO, MSCI, LMT · other

Health CarePFE, ABBV, LLY, STAA, ILMN · other

Consumer DiscretionaryTGT, SYY, AMZN, TSLA, DBI · other

EnergyXOM, CVX, BP, DVN, APA · other

Communication ServicesT, META, VZ, GOOG, DIS · other

Real EstateNHI, JLL, SBAC, SPG, WELL

UnclassifiedSPY, SCHB, AGG, VONE, VTV · other

Sector is classified on each name's CURRENT fundamentals, not point-in-time — apparent sector drift can reflect the market re-rating a holding, not a manager trade. 13F is a lagged quarterly snapshot of long positions in US-listed securities only — foreign companies held via a US listing or ADR ARE included, but shares listed only on non-US exchanges (plus shorts, options and cash) are not. Latest quarter: 48.6% of the book is sector-classified (unclassified names shown, never dropped).

Style box · size × value-growth placement of the reported book (2025-Q3), classified on current fundamentals (not point-in-time) — load it into PORT to overlay your own portfolio

Only 43% of book weight classified — the grid is NOT representative of the whole book.

holdings, colored by sector (58 classified)Shilanski & Associates, Inc. centroid (Large Core)

Information TechnologyUtilitiesIndustrialsConsumer StaplesFinancialsMaterialsCommunication ServicesEnergyHealth CareConsumer Discretionary

Style box summary for Shilanski & Associates, Inc.: centroid Large Core. Heaviest cells: Large Value 12.1%, Large Growth 10.8%, Large Core 10.1%.

Classified: 42.7% of book weight (58/109 names) · unclassified 57.3%: SPY, SCHB, FNDF, SPYG, SPHD, TIP, JNK, SPIB, SRLN, FNDC +41 more. Size: cap 70/20/10 bands; style: value/growth composite on our own metrics — not Morningstar's model.

Contribution holdings-based, any period

No contribution data for this period.

Holdings· 109 positions (2025-Q3) · largest first · Δ vs 2025-Q2

#	Security	Shares	Value	Weight	Δ QoQ
1	SPYSTATE STR SPDR S&P 500 ETF T	67,803	$45M	12.0%	ADD 3%
2	SCHBSCHWAB STRATEGIC TR	1,229,744	$32M	8.4%	ADD 3%
3	FNDFSCHWAB STRATEGIC TR	336,871	$14M	3.8%	HOLD
4	SPYGSPDR SERIES TRUST STATE STREET SPD	111,318	$12M	3.1%	HOLD
5	SPHDINVESCO EXCH TRADED FD TR II	230,565	$11M	3.0%	ADD 3%
6	TIPISHARES TR	94,206	$10M	2.8%	ADD 6%
7	JNKSPDR SER TR	106,917	$10M	2.8%	ADD 6%
8	SPIBSPDR SERIES TRUST	306,815	$10M	2.8%	ADD 6%
9	IBMINTERNATIONAL BUSINESS MACHS	36,293	$10M	2.7%	ADD 29%
10	SRLNSSGA ACTIVE ETF TR	223,982	$9M	2.5%	ADD 7%
11	FNDCSCHWAB STRATEGIC TR	196,313	$9M	2.3%	HOLD
12	MSFTMICROSOFT CORP	16,463	$9M	2.3%	ADD 3%
13	NVDANVIDIA CORPORATION	40,808	$8M	2.0%	ADD 2%
14	MOALTRIA GROUP INC	111,773	$7M	2.0%	HOLD
15	XOMEXXON MOBIL CORP	61,756	$7M	1.9%	ADD 4%
16	BACBANK AMERICA CORP	128,229	$7M	1.8%	ADD 4%
17	FTSMFIRST TR EXCHANGE-TRADED FD	109,128	$7M	1.7%	ADD 4%
18	CSCOCISCO SYS INC	93,631	$6M	1.7%	HOLD
19	MMM3M CO	38,329	$6M	1.6%	ADD 2%
20	SOSOUTHERN CO	61,841	$6M	1.6%	HOLD
21	PMPHILIP MORRIS INTL INC	36,047	$6M	1.6%	HOLD
22	VDEVANGUARD WORLD FD	43,020	$5M	1.4%	ADD 4%
23	RYROYAL BK CDA	35,373	$5M	1.4%	ADD 3%
24	HSBCHSBC HLDGS PLC	72,432	$5M	1.4%	NEW
25	TLHISHARES TR	48,464	$5M	1.3%	NEW
26	ABBVABBVIE INC	20,218	$5M	1.2%	HOLD
27	KMIKINDER MORGAN INC DEL	161,867	$5M	1.2%	ADD 4%
28	KOCOCA COLA CO	68,484	$5M	1.2%	HOLD
29	PGPROCTER AND GAMBLE CO	27,982	$4M	1.1%	HOLD
30	RIORIO TINTO PLC	63,469	$4M	1.1%	ADD 3%
31	AAPLAPPLE INC	16,149	$4M	1.1%	HOLD
32	PLTRPALANTIR TECHNOLOGIES INC	20,026	$4M	1.0%	NEW
33	AWKAMERICAN WTR WKS CO INC NEW	25,726	$4M	1.0%	HOLD
34	VPUVANGUARD WORLD FD	18,502	$4M	0.9%	ADD 2%
35	CWCURTISS WRIGHT CORP	6,154	$3M	0.9%	ADD 3%
36	DGRWWISDOMTREE TR	37,170	$3M	0.9%	ADD 3%
37	BNYBANK NEW YORK MELLON CORP	29,557	$3M	0.9%	HOLD
38	DTMDT MIDSTREAM INC	28,393	$3M	0.9%	ADD 5%
39	NRGNRG ENERGY INC	19,796	$3M	0.9%	ADD 5%
40	VSTVISTRA CORP	15,888	$3M	0.8%	ADD 4%
41	BIZDVANECK ETF TRUST	207,821	$3M	0.8%	ADD 2%
42	METAMETA PLATFORMS INC	4,158	$3M	0.8%	ADD 3%
43	APHAMPHENOL CORP	24,649	$3M	0.8%	NEW
44	LMTLOCKHEED MARTIN CORP	6,100	$3M	0.8%	ADD 3%
45	AXONAXON ENTERPRISE INC	4,121	$3M	0.8%	TRIM −40%
46	CEGCONSTELLATION ENERGY CORP	7,828	$3M	0.7%	ADD 4%
47	NEMNEWMONT CORP	27,609	$2M	0.6%	NEW
48	DISDISNEY WALT CO	18,873	$2M	0.6%	NEW
49	UALUNITED AIRLS HLDGS INC	22,234	$2M	0.6%	ADD 3%
50	CAHCARDINAL HEALTH INC	13,555	$2M	0.6%	NEW
51	MOSMOSAIC CO NEW	58,374	$2M	0.5%	NEW
52	CRSCARPENTER TECHNOLOGY CORP	7,898	$2M	0.5%	NEW
53	GSGOLDMAN SACHS GROUP INC	2,342	$2M	0.5%	NEW
54	EBAYEBAY INC.	20,035	$2M	0.5%	NEW
55	PANWPALO ALTO NETWORKS INC	8,856	$2M	0.5%	HOLD
56	NWSNEWS CORP NEW	51,755	$2M	0.5%	ADD 3%
57	MCOMOODYS CORP	3,549	$2M	0.4%	ADD 2%
58	IVVISHARES TR	1,373	$919,276	0.2%	ADD 4%
59	AVGOBROADCOM INC	2,435	$803,331	0.2%	HOLD
60	QQQINVESCO QQQ TR	1,020	$612,477	0.2%	HOLD
61	AMZNAMAZON COM INC	2,783	$611,063	0.2%	HOLD
62	CVXCHEVRON CORP NEW	3,746	$581,704	0.2%	HOLD
63	EMBJEMBRAER S.A.	9,392	$567,746	0.2%	HOLD
64	GOOGLALPHABET INC	2,151	$522,828	0.1%	HOLD
65	JPMJPMORGAN CHASE & CO	1,588	$500,903	0.1%	HOLD
66	GFIGOLD FIELDS LTD	10,758	$451,406	0.1%	NEW
67	BBVABANCO BILBAO VIZCAYA ARGENTA	22,167	$426,715	0.1%	HOLD
68	MUFGMITSUBISHI UFJ FINANCIAL GRO	26,734	$426,140	0.1%	HOLD
69	JNJJOHNSON & JOHNSON	2,260	$419,102	0.1%	HOLD
70	HMYHARMONY GOLD MINING CO LTD	22,909	$415,798	0.1%	ADD 3%
71	CYDCHINA YUCHAI INTL LTD	9,645	$399,014	0.1%	NEW
72	MCDMCDONALDS CORP	1,276	$387,850	0.1%	HOLD
73	ORCLORACLE CORP	1,377	$387,267	0.1%	HOLD
74	SESEA LTD	2,041	$364,788	0.1%	HOLD
75	VZVERIZON COMMUNICATIONS INC	8,146	$358,003	0.1%	HOLD
76	BCSBARCLAYS PLC	16,678	$344,733	0.1%	HOLD
77	VNETVNET GROUP INC	33,198	$342,935	0.1%	HOLD
78	TIGRUP FINTECH HLDG LTD	31,033	$331,122	0.1%	ADD 5%
79	BVNCOMPANIA DE MINAS BUENAVENTU	13,103	$318,796	0.1%	NEW
80	SBSWSIBANYE STILLWATER LTD	27,905	$313,652	0.1%	NEW
81	SAPSAP SE	1,059	$282,975	0.1%	HOLD
82	FUTUFUTU HLDGS LTD	1,579	$274,604	0.1%	NEW
83	CXCEMEX SAB DE CV	30,033	$269,997	0.1%	NEW
84	ALKAlaska Air Group, Inc.	5,381	$267,860	0.1%	HOLD
85	NFLXNETFLIX INC	219	$262,563	0.1%	HOLD
86	PDPINVESCO EXCHANGE TRADED FD T	2,221	$262,199	0.1%	HOLD
87	ASNDASCENDIS PHARMA A/S	1,304	$259,248	0.1%	NEW
88	KEPKOREA ELECTRIC PWR	19,635	$256,237	0.1%	NEW
89	RYAAYRYANAIR HOLDINGS PLC	4,242	$255,453	0.1%	NEW
90	DUKDUKE ENERGY CORP NEW	2,055	$254,259	0.1%	ADD 6%
91	VIVTELEFONICA BRASIL SA	19,787	$252,284	0.1%	NEW
92	IDCCINTERDIGITAL INC	729	$251,673	0.1%	NEW
93	MELIMERCADOLIBRE INC	107	$250,053	0.1%	HOLD
94	GRFSGRIFOLS S A	25,044	$249,438	0.1%	NEW
95	AXPAMERICAN EXPRESS CO	747	$248,124	0.1%	HOLD
96	TSLATESLA INC	555	$246,820	0.1%	NEW
97	SMFGSUMITOMO MITSUI FINL GROUP I	14,526	$243,165	0.1%	HOLD
98	WMTWALMART INC	2,273	$234,289	0.1%	HOLD
99	IWMISHARES TR	951	$230,104	0.1%	HOLD
100	UNHUNITEDHEALTH GROUP INC	665	$229,624	0.1%	HOLD
101	KTKT CORP	11,687	$227,896	0.1%	HOLD
102	PACGrupo Aeroportuario del Pacifico ADR	919	$217,978	0.1%	NEW
103	VTIVANGUARD INDEX FDS	661	$217,520	0.1%	HOLD
104	MRKMERCK & CO INC	2,563	$215,113	0.1%	NEW
105	AMGNAMGEN INC	759	$214,118	0.1%	HOLD
106	VEONVEON LTD	3,932	$214,019	0.1%	NEW
107	AEGAEGON LTD	25,930	$207,181	0.1%	HOLD
108	BTIBRITISH AMERN TOB PLC	3,807	$202,076	0.1%	NEW
109	KCKINGSOFT CLOUD HLDGS LTD	12,234	$182,531	0.0%	NEW

☆Shilanski & Associates, Inc.