Shulman Demeo Asset Management Q2 Portfolio Changes: Focus on HDV, New Positions in ETFs

Introduction

As reported by InsiderSet, Shulman Demeo Asset Management Llc maintained its position as a prominent investor through Q2 2026.

Major Purchases and Increased Holdings

The most significant change during this quarter was the substantial increase in holdings of ISHAres TR (HDV). The fund acquired over 129,535 additional shares, representing a nearly 382% increase from the previous quarter. This ETF focuses on total return for short-term bonds and likely reflects strategic interest in fixed income protection.

Several other holdings also showed notable increases or were added entirely new positions:

• CNOB (ConnectOne Bancorp Inc): The fund initiated a position with a full percentage change of 100%, acquiring all shares held previously.
• RNST (Renasant Corp): Similarly, Renasant Corp was added as a new holding with a complete share increase from prior quarters.
• SIXG (ETF SER SOLUTIONS): The fund made a fresh purchase of SIXG shares, increasing its stake by 100% in this quarter.
• GAB (Gabello Equity TR Inc): While not a new position, the sale resulted in only an approximately -6.64% change from prior period holdings, indicating minimal reduction rather than a significant exit.

Persistence of Core Holdings Despite Minor Adjustments

Despite these changes, SPY remains Shulman Demeo's largest holding at approximately 51.96% allocation and nearly $278 million in value. The fund slightly reduced its SPY position by about 0.66% (losing just over 2,400 shares), maintaining the ETF's dominance.

The Technology sector saw continued interest with INTC still holding a small allocation of about 0.11%. However, there was also a notable reduction in shares for this stock (-35.96%) and other Technology holdings like AAPL (-0.71%).

Overall Portfolio Activity Summary

The portfolio contained 146 distinct holdings as of June 30, 2026.

• Total value was $535 million
• The fund's top five holdings accounted for approximately 70% (69.81%) of the total portfolio value
• Significant buying activity occurred in HDV, CNOB, AVGO, RNST, and SIXG among others
• No major selling activities were disclosed during this period

This quarter's changes highlight Shulman Demeo's continued focus on broad market exposure through ETFs like SPY, complemented by targeted investments in specific sectors.