KITCHING PARTNERS, LLC

Filed: 11/14/2025ACC: 0002010145-25-000006

📋 What this filing means

KITCHING PARTNERS, LLC filed this quarterly 13F‑HR report disclosing 39 equity positions with a total reported market value of $105.86M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

Positions

$105.86M

Total AUM (reported)

1.41M

Total Shares

Allocation by class

DIV APP ETF$17.45M16.5%

VAN FTSE DEV MKT$11.85M11.2%

S&P DIVID ETF$10.66M10.1%

VANGUARD ULTRA$10.53M9.9%

S&P 500 ETF SHS$10.27M9.7%

0-5YR HI YL CP$9.98M9.4%

ISHARES NEW$7.76M7.3%

Portfolio Concentration

Top 3$39.97M37.8%

4–10$52.39M49.5%

11–25$10.69M10.1%

Rest$2.82M2.7%

Top 3 weight

37.8%

Top 10 weight

87.2%

Voting Authority Distribution

Total shares with voting rights: 1.41M

Sole

Full voting authority

0.00

% of voting shares0.0%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

1.41M

% of voting shares100.0%

Investment Discretion (by position count)

Sole39

Shared0

Other0

Dominant voting typeNone · 100.0% of voting shares

Institutional Holdings39

Rows:

VANGUARD SPECIALIZED FUNDS

SOLE

DIV APP ETF

Shares80.87K

TypeSH

Market value$17.45M

16.48%

Sole

0.00

Shared

0.00

None

80.87K

VANGUARD TAX-MANAGED FDS

SOLE

VAN FTSE DEV MKT

Shares197.82K

TypeSH

Market value$11.85M

11.20%

Sole

0.00

Shared

0.00

None

197.82K

SPDR SERIES TRUST

SOLE

S&P DIVID ETF

Shares76.13K

TypeSH

Market value$10.66M

10.07%

Sole

0.00

Shared

0.00

None

76.13K

VANGUARD BD INDEX FDS

SOLE

VANGUARD ULTRA

Shares210.61K

TypeSH

Market value$10.53M

9.95%

Sole

0.00

Shared

0.00

None

210.61K

VANGUARD INDEX FDS

SOLE

S&P 500 ETF SHS

Shares16.78K

TypeSH

Market value$10.27M

9.71%

Sole

0.00

Shared

0.00

None

16.78K

ISHARES TR

SOLE

0-5YR HI YL CP

Shares230.60K

TypeSH

Market value$9.98M

9.43%

Sole

0.00

Shared

0.00

None

230.60K

ISHARES GOLD TR

SOLE

ISHARES NEW

Shares106.70K

TypeSH

Market value$7.76M

7.33%

Sole

0.00

Shared

0.00

None

106.70K

VANGUARD INTL EQUITY INDEX F

SOLE

FTSE EMR MKT ETF

Shares87.71K

TypeSH

Market value$4.75M

4.49%

Sole

0.00

Shared

0.00

None

87.71K

VANGUARD WHITEHALL FDS

SOLE

EM MK GOV BD ETF

Shares68.89K

TypeSH

Market value$4.61M

4.35%

Sole

0.00

Shared

0.00

None

68.89K

VANGUARD SCOTTSDALE FDS

SOLE

LONG TERM TREAS

Shares78.65K

TypeSH

Market value$4.47M

4.22%

Sole

0.00

Shared

0.00

None

78.65K

VANGUARD INDEX FDS

SOLE

VALUE ETF

Shares8.33K

TypeSH

Market value$1.55M

1.47%

Sole

0.00

Shared

0.00

None

8.33K

VANGUARD INDEX FDS

SOLE

GROWTH ETF

Shares2.92K

TypeSH

Market value$1.40M

1.32%

Sole

0.00

Shared

0.00

None

2.92K

KRANESHARES TRUST

SOLE

MOUNT LUCAS ETF

Shares43.43K

TypeSH

Market value$1.17M

1.10%

Sole

0.00

Shared

0.00

None

43.43K

NVIDIA CORPORATION

SOLE

COM

Shares6.07K

TypeSH

Market value$1.13M

1.07%

Sole

0.00

Shared

0.00

None

6.07K

MICROSOFT CORP

SOLE

COM

Shares1.50K

TypeSH

Market value$779.5K

0.74%

Sole

0.00

Shared

0.00

None

1.50K

VANGUARD SCOTTSDALE FDS

SOLE

SHORT TERM TREAS

Shares12.25K

TypeSH

Market value$720.7K

0.68%

Sole

0.00

Shared

0.00

None

12.25K

AMAZON COM INC

SOLE

COM

Shares3.27K

TypeSH

Market value$718.2K

0.68%

Sole

0.00

Shared

0.00

None

3.27K

NEXTNAV INC

SOLE

COMMON STOCK

Shares38.20K

TypeSH

Market value$546.2K

0.52%

Sole

0.00

Shared

0.00

None

38.20K

AMERICAN EXPRESS CO

SOLE

COM

Shares1.39K

TypeSH

Market value$462.6K

0.44%

Sole

0.00

Shared

0.00

None

1.39K

VANGUARD INDEX FDS

SOLE

SMALL CP ETF

Shares1.64K

TypeSH

Market value$417.0K

0.39%

Sole

0.00

Shared

0.00

None

1.64K

CSX CORP

SOLE

COM

Shares10.94K

TypeSH

Market value$388.4K

0.37%

Sole

0.00

Shared

0.00

None

10.94K

META PLATFORMS INC

SOLE

CL A

Shares521.00

TypeSH

Market value$382.6K

0.36%

Sole

0.00

Shared

0.00

None

521.00

EASTERN BANKSHARES INC

SOLE

COM

Shares20.23K

TypeSH

Market value$367.1K

0.35%

Sole

0.00

Shared

0.00

None

20.23K

ALPHABET INC

SOLE

CAP STK CL A

Shares1.40K

TypeSH

Market value$340.8K

0.32%

Sole

0.00

Shared

0.00

None

1.40K

KONINKLIJKE PHILIPS N V

SOLE

NY REGIS SHS NEW

Shares11.26K

TypeSH

Market value$306.9K

0.29%

Sole

0.00

Shared

0.00

None

11.26K

Issuer	Class	Shares	Type	Value / Portfolio %	None
VANGUARD SPECIALIZED FUNDSSOLE	DIV APP ETF	80.87K	SH	$17.45M 16.48%	80.87K
VANGUARD TAX-MANAGED FDSSOLE	VAN FTSE DEV MKT	197.82K	SH	$11.85M 11.20%	197.82K
SPDR SERIES TRUSTSOLE	S&P DIVID ETF	76.13K	SH	$10.66M 10.07%	76.13K
VANGUARD BD INDEX FDSSOLE	VANGUARD ULTRA	210.61K	SH	$10.53M 9.95%	210.61K
VANGUARD INDEX FDSSOLE	S&P 500 ETF SHS	16.78K	SH	$10.27M 9.71%	16.78K
ISHARES TRSOLE	0-5YR HI YL CP	230.60K	SH	$9.98M 9.43%	230.60K
ISHARES GOLD TRSOLE	ISHARES NEW	106.70K	SH	$7.76M 7.33%	106.70K
VANGUARD INTL EQUITY INDEX FSOLE	FTSE EMR MKT ETF	87.71K	SH	$4.75M 4.49%	87.71K
VANGUARD WHITEHALL FDSSOLE	EM MK GOV BD ETF	68.89K	SH	$4.61M 4.35%	68.89K
VANGUARD SCOTTSDALE FDSSOLE	LONG TERM TREAS	78.65K	SH	$4.47M 4.22%	78.65K
VANGUARD INDEX FDSSOLE	VALUE ETF	8.33K	SH	$1.55M 1.47%	8.33K
VANGUARD INDEX FDSSOLE	GROWTH ETF	2.92K	SH	$1.40M 1.32%	2.92K
KRANESHARES TRUSTSOLE	MOUNT LUCAS ETF	43.43K	SH	$1.17M 1.10%	43.43K
NVIDIA CORPORATIONSOLE	COM	6.07K	SH	$1.13M 1.07%	6.07K
MICROSOFT CORPSOLE	COM	1.50K	SH	$779.5K 0.74%	1.50K
VANGUARD SCOTTSDALE FDSSOLE	SHORT TERM TREAS	12.25K	SH	$720.7K 0.68%	12.25K
AMAZON COM INCSOLE	COM	3.27K	SH	$718.2K 0.68%	3.27K
NEXTNAV INCSOLE	COMMON STOCK	38.20K	SH	$546.2K 0.52%	38.20K
AMERICAN EXPRESS COSOLE	COM	1.39K	SH	$462.6K 0.44%	1.39K
VANGUARD INDEX FDSSOLE	SMALL CP ETF	1.64K	SH	$417.0K 0.39%	1.64K
CSX CORPSOLE	COM	10.94K	SH	$388.4K 0.37%	10.94K
META PLATFORMS INCSOLE	CL A	521.00	SH	$382.6K 0.36%	521.00
EASTERN BANKSHARES INCSOLE	COM	20.23K	SH	$367.1K 0.35%	20.23K
ALPHABET INCSOLE	CAP STK CL A	1.40K	SH	$340.8K 0.32%	1.40K
KONINKLIJKE PHILIPS N VSOLE	NY REGIS SHS NEW	11.26K	SH	$306.9K 0.29%	11.26K

Page 1 of 2