Managers / Q4 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 $132M in U.S.-listed holdings across 48 positions for Q4 2025.
The portfolio is heavily concentrated: EMB alone accounts for 53.2% of reported value.
Compared with Q3 2025, the fund opened 9 new positions and exited 14.
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 · 98.2% · $130M
- Common Stock · 1.8% · $2M
Quarter-over-Quarter Changes full breakdown →
vs Q3 2025 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| EEMiShares Tr | NEW | +14.5K | 14.5K | +$795,976 | $795,976 |
| SPYSPDR S&P 500 ETF Tr | NEW | +715 | 715 | +$487,573 | $487,573 |
| MINTPIMCO ETF Tr | NEW | +4.3K | 4.3K | +$427,950 | $427,950 |
| SHYiShares Tr | NEW | +4.3K | 4.3K | +$353,641 | $353,641 |
| SHViShares Tr | NEW | +2.9K | 2.9K | +$321,968 | $321,968 |
| INTCIntel Corp | NEW | +7.4K | 7.4K | +$274,388 | $274,388 |
| PEPPepsico Inc | NEW | +1.9K | 1.9K | +$266,660 | $266,660 |
| JNJJohnson & Johnson | NEW | +1.3K | 1.3K | +$266,138 | $266,138 |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q4 2025
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | EMBiShares Tr | iBOXX Hi Yd ETF · JPMorgan USD Emg · CoreUS Aggbd ETF · 3-7 Yr Treas BD · National Mun ETF · iBOXX Inv CP ETF · US Treas Bd ETF · MBS ETF · 7-10 Yr Trsy BD · 0-5 Yr Hi Yl CP · TIPS Bd ETF · PFD and Incm SEC · 20 Yr Tr BD ETF · Fltg Rate NT ETF · MSCI Emg Mkt ETF · 1-3 Yr Treas BD · Trust ishare 0-1 | 53.17% | $70M | 978.8K |
| 2 | SJNKSPDR Series Trust | State Street SPD | 18.26% | $24M | 579.4K |
| 3 | VCITVanguard Scottsdale Fds | Int Term Corp · Mtg Bkd Secs ETF · Shrt Trm Corp Bd · Short Term Treas | 7.18% | $9M | 130.0K |
| 4 | EMLCVaneck ETF Trust | JP Mrgan Em LOC · High Yld Muni ETF · Gold Miners ETF · Junior Gold Mine | 5.73% | $8M | 197.0K |
| 5 | BNDVanguard BD Index FDS | Total Bnd Mrkt · Short Trm BD | 4.41% | $6M | 78.1K |
| 6 | BKLNInvesco Exch Traded FD Tr II | Sr Ln ETF · Emrng Mkt Svrg · PFD ETF | 2.89% | $4M | 191.6K |
| 7 | BNDXVanguard Charlotte FDShistory → | Total Int Bd ETF | 1.99% | $3M | 54.4K |
| 8 | VTEBVanguard Mun Bd FDShistory → | Tax Exempt Bd | 1.74% | $2M | 45.8K |
| 9 | VTIPVanguard Malvern FDShistory → | Strm Infproidx | 1.33% | $2M | 35.7K |
| 10 | SCHZSchwab Strategic Tr | US Aggregate B | 0.80% | $1M | 45.1K |
| 11 | PFEPfizer Inc | Com | 0.40% | $531,515 | 21.3K |
| 12 | HDHome Depot Inc | Com | 0.40% | $530,602 | 1.5K |
| 13 | SPYSPDR S&P 500 ETF Tr | Tr Unit | 0.37% | $487,573 | 715 |
| 14 | MINTPIMCO ETF Tr | Enhan Shrt MA AC | 0.32% | $427,950 | 4.3K |
| 15 | INTCIntel Corp | Com | 0.21% | $274,388 | 7.4K |
| 16 | PEPPepsico Inc | Com | 0.20% | $266,660 | 1.9K |
| 17 | PGProcter and Gamble Co. | Com | 0.20% | $266,270 | 1.9K |
| 18 | JNJJohnson & Johnson | Com | 0.20% | $266,138 | 1.3K |
| 19 | CSCOCisco Sys Inc | Com | 0.20% | $265,060 | 3.4K |
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 ↗.