13F HOLDINGS REPORT

Shepherd Financial Partners LLC

Quarter ended Q2 2025 · Filed August 13, 2025 · Accession 0001085146-25-005028

Total Value

$946.1M

Positions

240

Other Managers

Confidential Omitted

View on SEC.gov

Holdings (240)

#	Issuer	Ticker / CUSIP	Shares	Value	% of Filing
1	SPDR S&P 500 ETF TR	SPY	102,420	$63.3M	6.69%
2	SPDR SERIES TRUST	78464A805	717,485	$53.7M	5.68%
3	ISHARES TR	46432F842	635,250	$53.0M	5.60%
4	ISHARES TR	46432F339	206,335	$37.7M	3.99%
5	SPDR SERIES TRUST	78464A409	385,186	$36.7M	3.88%
6	BLACKROCK ETF TRUST	BLK	659,396	$35.9M	3.80%
7	SPDR SERIES TRUST	78464A664	1,089,728	$29.0M	3.06%
8	ISHARES TR	464287200	45,089	$28.0M	2.96%
9	SPDR SERIES TRUST	78464A508	517,826	$27.1M	2.86%
10	APPLE INC	AAPL	119,815	$24.6M	2.60%
11	MICROSOFT CORP	MSFT	40,560	$20.2M	2.13%
12	ISHARES INC	46434G103	321,916	$19.3M	2.04%
13	AMAZON COM INC	AMZN	84,941	$18.6M	1.97%
14	SPDR SERIES TRUST	78468R853	373,523	$15.9M	1.68%
15	ISHARES TR	464287721	90,776	$15.7M	1.66%
16	NVIDIA CORPORATION	NVDA	98,335	$15.5M	1.64%
17	SPDR SERIES TRUST	78464A847	281,857	$15.3M	1.62%
18	ISHARES TR	464287101	49,471	$15.1M	1.59%
19	JPMORGAN CHASE & CO.	VYLD	48,068	$13.9M	1.47%
20	ISHARES TR	464287648	43,889	$12.5M	1.33%
21	BLACKROCK ETF TRUST	BLK	338,479	$12.0M	1.27%
22	VANGUARD INDEX FDS	922908611	59,836	$11.7M	1.23%
23	ALPHABET INC	GOOG	61,868	$11.0M	1.16%
24	SELECT SECTOR SPDR TR	81369Y803	42,651	$10.8M	1.14%
25	ISHARES GOLD TR	IAU	164,794	$10.3M	1.09%
26	ISHARES TR	46434V621	158,631	$10.1M	1.07%
27	BLACKROCK ETF TRUST II	BLK	189,081	$10.0M	1.06%
28	VISA INC	V	27,413	$9.7M	1.03%
29	BROADCOM INC	AVGO	34,189	$9.4M	1.00%
30	INVESCO EXCHANGE TRADED FD T	IVZ	48,286	$8.8M	0.93%
31	META PLATFORMS INC	META	11,347	$8.4M	0.89%
32	ISHARES TR	46432F396	34,599	$8.3M	0.88%
33	ELI LILLY & CO	LLY	9,729	$7.6M	0.80%
34	BLACKROCK ETF TRUST	BLK	253,799	$7.3M	0.77%
35	RTX CORPORATION	RTX	49,011	$7.2M	0.76%
36	ALPHABET INC	GOOG	39,495	$7.0M	0.74%
37	SPDR SERIES TRUST	78464A854	94,828	$6.9M	0.73%
38	INVESCO QQQ TR	IVZ	12,416	$6.8M	0.72%
39	PROGRESSIVE CORP	743315103	20,191	$5.4M	0.57%
40	BLACKROCK INC	BLK	5,012	$5.3M	0.56%
41	WALMART INC	WMT	49,552	$4.8M	0.51%
42	BLACKSTONE INC	BX	32,368	$4.8M	0.51%
43	ABBVIE INC	ABBV	25,888	$4.8M	0.51%
44	HONEYWELL INTL INC	438516106	18,888	$4.4M	0.46%
45	VANGUARD STAR FDS	921909768	62,299	$4.3M	0.45%
46	ISHARES TR	464288588	43,793	$4.1M	0.43%
47	GOLDMAN SACHS GROUP INC	GSCE	5,774	$4.1M	0.43%
48	VALERO ENERGY CORP	VLO	29,036	$3.9M	0.41%
49	COCA COLA CO	KO	54,724	$3.9M	0.41%
50	ISHARES TR	464288281	41,114	$3.8M	0.40%
51	VANGUARD TAX-MANAGED FDS	921943858	65,928	$3.8M	0.40%
52	LOCKHEED MARTIN CORP	LMT	7,818	$3.6M	0.38%
53	DUKE ENERGY CORP NEW	DUKB	30,237	$3.6M	0.38%
54	HOME DEPOT INC	HD	9,549	$3.5M	0.37%
55	COSTCO WHSL CORP NEW	22160K105	3,523	$3.5M	0.37%
56	CRH PLC	CRH	33,757	$3.1M	0.33%
57	PROCTER AND GAMBLE CO	742718109	19,100	$3.0M	0.32%
58	BANK AMERICA CORP	060505104	60,090	$2.8M	0.30%
59	ISHARES TR	464288802	22,360	$2.8M	0.30%
60	MCDONALDS CORP	MCD	9,451	$2.8M	0.29%
61	MERCK & CO INC	MRK	33,636	$2.7M	0.28%
62	TESLA INC	TSLA	7,994	$2.5M	0.27%
63	CATERPILLAR INC	CAT	6,481	$2.5M	0.27%
64	SELECT SECTOR SPDR TR	81369Y886	30,292	$2.5M	0.26%
65	VANGUARD INDEX FDS	922908744	13,783	$2.4M	0.26%
66	ISHARES TR	464288570	20,875	$2.4M	0.26%
67	VANGUARD INDEX FDS	922908553	26,542	$2.4M	0.25%
68	BOSTON SCIENTIFIC CORP	BSX	21,922	$2.4M	0.25%
69	NEXTERA ENERGY INC	NEE-PW	33,662	$2.3M	0.25%
70	STARBUCKS CORP	SBUX	24,330	$2.2M	0.24%
71	ORACLE CORP	ORCL-PD	10,005	$2.2M	0.23%
72	ISHARES TR	464288679	19,742	$2.2M	0.23%
73	SALESFORCE INC	CRM	7,982	$2.2M	0.23%
74	EOG RES INC	EOG	18,146	$2.2M	0.23%
75	SPDR SERIES TRUST	78464A698	36,422	$2.2M	0.23%
76	BLACKROCK ETF TRUST II	BLK	44,209	$2.1M	0.23%
77	MASTERCARD INCORPORATED	MA	3,805	$2.1M	0.23%
78	CROWDSTRIKE HLDGS INC	CRWD	4,086	$2.1M	0.22%
79	ADOBE INC	ADBE	5,369	$2.1M	0.22%
80	QUALCOMM INC	QCOM	12,311	$2.0M	0.21%
81	ISHARES TR	46429B697	20,790	$2.0M	0.21%
82	ACCENTURE PLC IRELAND	ACN	6,323	$1.9M	0.20%
83	DANAHER CORPORATION	235851102	9,142	$1.8M	0.19%
84	BERKSHIRE HATHAWAY INC DEL	BRK-A	3,714	$1.8M	0.19%
85	LPL FINL HLDGS INC	50212V100	4,755	$1.8M	0.19%
86	SELECT SECTOR SPDR TR	81369Y308	21,966	$1.8M	0.19%
87	EXXON MOBIL CORP	XOM	16,316	$1.8M	0.19%
88	CENCORA INC	COR	5,652	$1.7M	0.18%
89	JOHNSON & JOHNSON	JNJ	10,893	$1.7M	0.18%
90	DIGITAL RLTY TR INC	253868103	9,344	$1.6M	0.17%
91	CONSOLIDATED EDISON INC	ED	14,494	$1.5M	0.15%
92	ZOETIS INC	ZTS	9,261	$1.4M	0.15%
93	VANGUARD BD INDEX FDS	921937827	18,230	$1.4M	0.15%
94	VANGUARD INTL EQUITY INDEX F	922042775	21,309	$1.4M	0.15%
95	VANGUARD WORLD FD	921910733	12,933	$1.4M	0.15%
96	SELECT SECTOR SPDR TR	81369Y407	6,019	$1.3M	0.14%
97	DEERE & CO	DE	2,568	$1.3M	0.14%
98	ENTERGY CORP NEW	ENO	15,581	$1.3M	0.14%
99	VANGUARD INDEX FDS	922908736	2,937	$1.3M	0.14%
100	S&P GLOBAL INC	SPGI	2,425	$1.3M	0.14%
101	INTERCONTINENTAL EXCHANGE IN	45866F104	6,947	$1.3M	0.13%
102	VANGUARD INTL EQUITY INDEX F	922042858	25,490	$1.3M	0.13%
103	ZSCALER INC	ZS	3,962	$1.2M	0.13%
104	CISCO SYS INC	CSCO	17,454	$1.2M	0.13%
105	VANGUARD INDEX FDS	922908769	3,826	$1.2M	0.12%
106	WILLIAMS COS INC	969457100	18,290	$1.1M	0.12%
107	PALANTIR TECHNOLOGIES INC	PLTR	7,658	$1.0M	0.11%
108	PEPSICO INC	PEP	7,730	$1.0M	0.11%
109	FISERV INC	FISV	5,652	$974,375	0.10%
110	ISHARES TR	46435G516	10,627	$948,169	0.10%
111	VANGUARD WORLD FD	92204A702	1,371	$909,180	0.10%
112	ELECTRONIC ARTS INC	EA	5,624	$898,197	0.09%
113	ALNYLAM PHARMACEUTICALS INC	ALNY	2,736	$892,182	0.09%
114	ISHARES TR	464287622	2,627	$892,050	0.09%
115	SOUTHERN CO	SOMN	9,675	$888,466	0.09%
116	DOMINOS PIZZA INC	DPZ	1,957	$881,815	0.09%
117	ADVANCED MICRO DEVICES INC	AMD	5,914	$839,202	0.09%
118	LULULEMON ATHLETICA INC	LULU	3,409	$809,906	0.09%
119	ISHARES TR	46434V878	15,929	$807,777	0.09%
120	SNOWFLAKE INC	SNOW	3,594	$804,231	0.09%
121	APOLLO GLOBAL MGMT INC	03769M106	5,593	$793,540	0.08%
122	ISHARES TR	464287507	12,729	$789,452	0.08%
123	US BANCORP DEL	USB-PS	17,273	$781,625	0.08%
124	BILL HOLDINGS INC	BILL	16,811	$777,676	0.08%
125	WASTE MGMT INC DEL	94106L109	3,368	$770,599	0.08%
126	ISHARES TR	464287499	8,226	$756,546	0.08%
127	NETFLIX INC	NFLX	541	$724,467	0.08%
128	CHEVRON CORP NEW	CVX	4,857	$695,525	0.07%
129	TEXAS INSTRS INC	882508104	3,310	$687,290	0.07%
130	ISHARES TR	464287226	6,879	$682,416	0.07%
131	ISHARES TR	464287804	5,951	$650,435	0.07%
132	ILLINOIS TOOL WKS INC	452308109	2,629	$650,078	0.07%
133	EATON CORP PLC	ETN	1,818	$649,161	0.07%
134	STAG INDL INC	85254J102	17,613	$639,004	0.07%
135	ISHARES INC	46434G863	15,971	$625,588	0.07%
136	UBER TECHNOLOGIES INC	UBER	6,518	$608,133	0.06%
137	INVESCO EXCHANGE TRADED FD T	IVZ	13,185	$603,492	0.06%
138	LAM RESEARCH CORP	LRCX	6,125	$596,212	0.06%
139	CUMMINS INC	CMI	1,812	$593,350	0.06%
140	OMEGA HEALTHCARE INVS INC	681936100	15,901	$582,772	0.06%
141	AUTOZONE INC	AZO	156	$579,108	0.06%
142	SPDR SERIES TRUST	78464A870	6,921	$573,997	0.06%
143	SSGA ACTIVE ETF TR	78467V608	13,783	$573,248	0.06%
144	MORGAN STANLEY	MS-PQ	4,054	$571,046	0.06%
145	COMCAST CORP NEW	CCZ	15,978	$570,247	0.06%
146	APPLIED MATLS INC	038222105	3,101	$567,620	0.06%
147	CITIGROUP INC	C-PR	6,632	$564,481	0.06%
148	ISHARES TR	464287655	2,587	$558,248	0.06%
149	CONOCOPHILLIPS	COP	6,221	$558,245	0.06%
150	ISHARES TR	464287176	5,048	$555,509	0.06%
151	GE VERNOVA INC	GEV	1,025	$542,529	0.06%
152	ISHARES TR	46435U663	13,079	$540,555	0.06%
153	J P MORGAN EXCHANGE TRADED F	46654Q203	9,817	$534,045	0.06%
154	SPDR INDEX SHS FDS	78463X889	12,998	$526,289	0.06%
155	MEDTRONIC PLC	MDT	5,912	$515,324	0.05%
156	TRUIST FINL CORP	89832Q109	11,890	$511,156	0.05%
157	VANGUARD INDEX FDS	922908595	1,841	$509,847	0.05%
158	CONSTELLATION ENERGY CORP	CEG	1,570	$506,575	0.05%
159	DISNEY WALT CO	254687106	3,971	$492,389	0.05%
160	PNC FINL SVCS GROUP INC	693475105	2,568	$478,769	0.05%
161	AMERICAN TOWER CORP NEW	03027X100	2,044	$451,783	0.05%
162	ISHARES TR	464287457	5,256	$435,513	0.05%
163	VANGUARD INDEX FDS	922908629	1,551	$434,016	0.05%
164	ENTERPRISE PRODS PARTNERS L	293792107	13,890	$430,722	0.05%
165	ABBOTT LABS	ABLZF	3,153	$428,849	0.05%
166	SCHWAB STRATEGIC TR	808524102	17,941	$427,535	0.05%
167	UNITEDHEALTH GROUP INC	UNH	1,368	$426,627	0.05%
168	BRISTOL-MYERS SQUIBB CO	CELG-RI	9,134	$422,794	0.04%
169	VANGUARD SPECIALIZED FUNDS	921908844	2,054	$420,345	0.04%
170	VANGUARD INDEX FDS	922908363	731	$415,229	0.04%
171	ENERGY TRANSFER L P	ET-PI	21,921	$397,423	0.04%
172	PFIZER INC	PFE	16,281	$394,646	0.04%
173	AMGEN INC	AMGN	1,392	$388,717	0.04%
174	VANGUARD WORLD FD	921910816	1,059	$387,774	0.04%
175	SELECT SECTOR SPDR TR	81369Y506	4,510	$382,525	0.04%
176	INTUIT	INTU	484	$381,051	0.04%
177	ENBRIDGE INC	ENNPF	8,397	$380,533	0.04%
178	PHILIP MORRIS INTL INC	718172109	2,025	$368,723	0.04%
179	PROSHARES TR	74347R693	4,844	$368,677	0.04%
180	SPDR SERIES TRUST	78464A631	1,743	$367,669	0.04%
181	VANGUARD INDEX FDS	922908751	1,548	$366,845	0.04%
182	SPDR GOLD TR	GLD	1,202	$366,406	0.04%
183	BOOKING HOLDINGS INC	BKNG	63	$364,723	0.04%
184	ISHARES TR	464287614	831	$352,882	0.04%
185	ONEOK INC NEW	OKE	4,274	$348,856	0.04%
186	GILEAD SCIENCES INC	GILD	3,117	$345,582	0.04%
187	INVESCO EXCH TRADED FD TR II	IVZ	4,765	$341,270	0.04%
188	PALO ALTO NETWORKS INC	PANW	1,663	$340,316	0.04%
189	MARRIOTT INTL INC NEW	571903202	1,243	$339,492	0.04%
190	AMERICAN EXPRESS CO	AXP	1,054	$336,207	0.04%
191	DELTA AIR LINES INC DEL	DAL	6,800	$334,424	0.04%
192	ISHARES TR	464287150	2,450	$330,848	0.03%
193	NORFOLK SOUTHN CORP	655844108	1,261	$322,781	0.03%
194	INTERNATIONAL BUSINESS MACHS	INTR	1,062	$313,038	0.03%
195	PIMCO ETF TR	72201R833	3,094	$311,008	0.03%
196	NISOURCE INC	NI	7,656	$308,838	0.03%
197	KIMBERLY-CLARK CORP	KMB	2,338	$301,414	0.03%
198	VEEVA SYS INC	VEEV	1,042	$300,073	0.03%
199	ISHARES TR	464288414	2,861	$298,917	0.03%
200	VANGUARD WORLD FD	92204A504	1,201	$298,256	0.03%
201	LOWES COS INC	548661107	1,339	$296,985	0.03%
202	KKR & CO INC	KKRT	2,229	$296,524	0.03%
203	UNITED PARCEL SERVICE INC	UPS	2,890	$291,681	0.03%
204	CAMECO CORP	CCJ	3,900	$289,497	0.03%
205	STRYKER CORPORATION	SYK	727	$287,622	0.03%
206	EASTMAN CHEM CO	EMN	3,793	$283,200	0.03%
207	ISHARES TR	46429B663	2,408	$282,146	0.03%
208	CROWN CASTLE INC	CCI	2,746	$282,128	0.03%
209	WASHINGTON TR BANCORP INC	940610108	9,966	$281,826	0.03%
210	TARGET CORP	TGT	2,798	$275,977	0.03%
211	AUTOMATIC DATA PROCESSING IN	ADP	882	$271,921	0.03%
212	UNION PAC CORP	UNP	1,174	$270,177	0.03%
213	SSGA ACTIVE ETF TR	78467V103	9,255	$269,224	0.03%
214	ISHARES TR	46435U861	5,097	$256,481	0.03%
215	WEYERHAEUSER CO MTN BE	WY	9,950	$255,616	0.03%
216	FACTSET RESH SYS INC	303075105	567	$253,463	0.03%
217	FIRST TR EXCHANGE-TRADED FD	33733E203	1,567	$252,825	0.03%
218	OLD REP INTL CORP	680223104	6,518	$250,538	0.03%
219	MICRON TECHNOLOGY INC	MU	2,006	$247,251	0.03%
220	ISHARES TR	46434V407	5,653	$243,871	0.03%
221	ALLIANT ENERGY CORP	LNT	4,000	$241,880	0.03%
222	PRINCIPAL FINANCIAL GROUP IN	PFG	3,003	$238,518	0.03%
223	LINDE PLC	LIN	508	$238,352	0.03%
224	INTEL CORP	INTC	10,590	$237,205	0.03%
225	ISHARES TR	464287630	1,465	$231,118	0.02%
226	NIKE INC	NKE	3,217	$228,532	0.02%
227	VANGUARD INDEX FDS	922908512	1,387	$228,106	0.02%
228	VANGUARD WORLD FD	92204A405	1,787	$227,485	0.02%
229	VERIZON COMMUNICATIONS INC	VZ	5,254	$227,338	0.02%
230	YUM BRANDS INC	YUM	1,483	$219,696	0.02%
231	BROADSTONE NET LEASE INC	BNL	13,513	$216,884	0.02%
232	ISHARES TR	464287481	1,547	$214,538	0.02%
233	AMERICAN ELEC PWR CO INC	025537101	2,015	$209,076	0.02%
234	ROBINHOOD MKTS INC	770700102	2,200	$205,986	0.02%
235	ZIONS BANCORPORATION N A	989701107	3,966	$205,972	0.02%
236	ISHARES TR	464287549	1,800	$202,212	0.02%
237	ISHARES TR	464288224	13,277	$174,068	0.02%
238	BIGBEAR AI HLDGS INC	BBAI-WT	10,000	$67,900	0.01%
239	LLOYDS BANKING GROUP PLC	LLOBF	10,000	$42,500	0.00%
240	NOVAGOLD RES INC	66987E206	10,000	$40,900	0.00%