Managers / Q2 2025 · view latest →
Crabel Capital Management, LLC
CIK 0001536557 · 1999 AVENUE OF THE STARS, SUITE 2060, LOS ANGELES, CA · 414.224.7510
Summary
Crabel Capital Management, LLC reported $163M in U.S.-listed holdings across 48 positions for Q2 2025.
The portfolio is heavily concentrated: TIP alone accounts for 55.0% of reported value.
Compared with Q1 2025, the fund opened 8 new positions and exited 4.
Portfolio Metrics
Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.
Reported Value by Quarter
Portfolio Composition
- ETP · 99.2% · $162M
- Common Stock · 0.8% · $1M
Quarter-over-Quarter Changes full breakdown →
vs Q1 2025 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| MUBIshares TR | NEW | +28.1K | 28.1K | +$3M | $3M |
| HYDVaneck ETF Trust | NEW | +15.5K | 15.5K | +$776,498 | $776,498 |
| TFISPDR Series Trust | NEW | +13.9K | 13.9K | +$620,600 | $620,600 |
| PCYInvesco Exch Traded Fd Tr II | NEW | +21.0K | 21.0K | +$429,500 | $429,500 |
| PGXInvesco Exch Traded Fd Tr II | NEW | +31.7K | 31.7K | +$352,721 | $352,721 |
| JNJJohnson & Johnson | NEW | +1.8K | 1.8K | +$267,618 | $267,618 |
| VGSHVanguard Scottsdale FDS | NEW | +4.5K | 4.5K | +$267,214 | $267,214 |
| ICSHIshares TR | NEW | +4.1K | 4.1K | +$207,252 | $207,252 |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q2 2025
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | TIPIshares TR | Iboxx Hi Yd ETF · Tips Bd ETF · JPMorgan USD Emg · Iboxx Inv Cp ETF · Core US Aggbd ETF · US Treas Bd ETF · 3 7 Yr Treas Bd · 7-10 Yr Trsy Bd · Pfd and Incm Sec · MBS ETF · National Mun ETF · 0-5 Yr Hi Yl CP · 20 Yr Tr Bd ETF · Fltg Rate NT ETF · MSCI Emg Mkt ETF · MSCI USA Min Vol · Short Treas Bd · 1 3 Yr Trsy Bd · Ultra Short Dur | 55.00% | $90M | 1.33M |
| 2 | SJNKSPDR Series Trust | Bloomberg High Y · Bloomberg Sht Te · Portfolio Agrgte · Bloomberg Invt · Nuveen ICE Munic | 14.58% | $24M | 524.8K |
| 3 | VCITVanguard Scottsdale FDS | Int-Term Corp · Shrt Trm Corp Bd · Mtg-Bkd Secs ETF · Short Term Treas | 8.93% | $15M | 191.9K |
| 4 | BNDVanguard BD Index Fds | Total Bnd Mrkt · Short Trm Bond | 5.81% | $9M | 128.2K |
| 5 | EMLCVaneck ETF Trust | JP Mrgan Em Loc · Gold Miners ETF · Junior Gold Mine · High Yld Muni ETF | 4.72% | $8M | 219.3K |
| 6 | BKLNInvesco Exch Traded Fd Tr II | Sr Ln ETF · Emrng MKt Svrg · PFD ETF | 3.82% | $6M | 313.1K |
| 7 | BNDXVanguard Charlotte Fdshistory → | Total Int Bd ETF | 1.61% | $3M | 53.1K |
| 8 | XLUSelect Sector SPDR Trhistory → | SBI Int-Utils | 1.59% | $3M | 31.7K |
| 9 | VTIPVanguard Malvern Fdshistory → | Strm Infproidx | 1.16% | $2M | 37.8K |
| 10 | VTEBVanguard Mun Bd Fds | Tax Exempt Bd | 0.78% | $1M | 26.1K |
| 11 | SCHZSchwab Strategic Tr | US Aggregate B | 0.78% | $1M | 54.8K |
| 12 | VTIVanguard Index Fds | Total Stk Mkt | 0.38% | $627,312 | 2.1K |
| 13 | PEPPepsico Inc | Com | 0.17% | $275,039 | 2.1K |
| 14 | VZVerizon Communications Inc. | Com | 0.17% | $274,678 | 6.3K |
| 15 | KOCoca Cola Co | Com | 0.17% | $272,175 | 3.8K |
| 16 | PGProcter and Gamble Co | Com | 0.16% | $268,295 | 1.7K |
| 17 | JNJJohnson & Johnson | Com | 0.16% | $267,618 | 1.8K |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q1 2026 | $11M | 18 | May 15, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q4 2025 | $132M | 48 | Feb 17, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q3 2025 | $112M | 53 | Nov 13, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q2 2025 | $163M | 48 | Aug 13, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q1 2025 | $93M | 44 | May 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q4 2024 | $31M | 37 | Feb 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q3 2024 | $142M | 48 | Nov 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q2 2024 | $81M | 36 | Aug 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q1 2024 | $115M | 58 | May 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q4 2023 | $212M | 128 | Feb 13, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q3 2023 | $124M | 72 | Nov 14, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q2 2023 | $242M | 110 | Aug 14, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q1 2023 | $225M | 84 | May 15, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q4 2022 | $276M | 92 | Feb 13, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q3 2022 | $171M | 50 | Nov 14, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q2 2022 | $191M | 64 | Aug 12, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q1 2022 | $323M | 105 | May 6, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q4 2021 | $558M | 134 | Feb 11, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q3 2021 | $325M | 109 | Nov 12, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q2 2021 | $486M | 120 | Aug 13, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q1 2021 | $384M | 100 | May 13, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q4 2020 | $415M | 81 | Feb 9, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q3 2020 | $51M | 56 | Nov 6, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q2 2020 | $23M | 32 | Aug 11, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q1 2020 | $9M | 2 | May 7, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q4 2019 | $259M | 187 | Feb 12, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q3 2019 | $167M | 175 | Nov 13, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q2 2019 | $178M | 84 | Aug 13, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q1 2019 | $92M | 75 | May 14, 2019 | 13F-HR | changes · EDGAR ↗ |
13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.