Keeler Thomas Management LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 4, 2025), Keeler Thomas Management LLC reported 102 stock positions worth $218.0 million. Its top holding was iShares Ibond 2026 HY & (IBHF) at 4.5% of the portfolio, followed by iShares Ibonds 2028 TM HY (IBHH, 4.5%) and iShares Ibonds 2027 HY (IBHG, 4.5%). Compared with Q2 2025, it opened 2 new positions, sold out of 8, added to 74 and reduced 25. The biggest buy was Microsoft (MSFT, shares +397%) and the biggest sale an exit from iShares Ibonds Dec 2025 Term (IBDQ).
- Most Recent 13F
- Q2 2026
- Location
- Orem, UT
- CIK
- 0001730660
- Portfolio Value
- $218.0M (Q3 2025)
- SEC Filing
- 0001172661-25-004577 ↗ filed Nov 4, 2025
Holdings Value
Holdings 102 stocks · $218.0M
| IBHF iShares Ibond 2026 HY & Inc. | 4.53% | 421,924 | $9.9M | Add +1.5% |
| IBHH iShares Ibonds 2028 TM HY Inc. | 4.50% | 411,517 | $9.8M | Add +1.4% |
| IBHG iShares Ibonds 2027 HY Inc. | 4.49% | 435,401 | $9.8M | Add +1.4% |
| IBHI iShares Ibonds 2029 TM HY Inc. | 4.36% | 398,161 | $9.5M | Add +1.6% |
| IBHE iShares Ibonds 2025 H/Y Inc. | 3.79% | 355,904 | $8.3M | Add +2.0% |
| MSFT Microsoft Corp. | 3.57% | 15,039 | $7.8M | Add +397.2% |
| NVDA Nvidia Corp. | 3.25% | 38,035 | $7.1M | Add +4.4% |
| USHY iShares Broad Usd High Yield | 3.11% | 179,743 | $6.8M | Add +2.2% |
| JBBB Janus Henderson B-BBB Clo Et | 2.58% | 116,663 | $5.6M | Add +2.4% |
| IBTF iShares Ibonds Dec 2025 Term | 2.30% | 214,625 | $5.0M | Add +0.5% |
| IBDW iShares Ibonds Dec 2031 Corp. | 2.19% | 224,986 | $4.8M | Add +1.3% |
| IBDV iShares Ibonds Dec 2030 Corp. | 2.05% | 202,001 | $4.5M | Add +0.5% |
| IBDU iShares Ibonds Dec 2029 Term | 2.00% | 186,102 | $4.4M | Add +0.4% |
| IBDT iShares Ibonds Dec 2028 ETF | 1.96% | 167,731 | $4.3M | Add +0.3% |
| QCOM Qualcomm Inc. | 1.52% | 19,985 | $3.3M | Add +6.0% |
| GOOGL Alphabet Inc. Class A | 1.41% | 12,681 | $3.1M | Add +0.2% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.25% | 5,423 | $2.7M | Reduce -2.7% |
| AMD Advanced Micro Devices | 1.24% | 16,695 | $2.7M | Add +6.0% |
| GNRC Generac Holdings Inc. | 1.20% | 15,694 | $2.6M | Add +3.0% |
| IBTJ iShares Ibonds Dec 2029 Term | 1.20% | 119,299 | $2.6M | Add +1.6% |
| PFE Pfizer Inc. | 1.19% | 102,135 | $2.6M | Add +2.8% |
| SNPS Synopsys Inc. | 1.16% | 5,129 | $2.5M | Add +37.3% |
| VICI Vici Properties Inc. filed as VICI PPTYS INC | 1.13% | 75,559 | $2.5M | Add +5.5% |
| IBHK ISHARESIBOND2031HIGHYLDINC | 1.12% | 93,645 | $2.4M | Add +2.3% |
| IBHJ Ishrs Ibds 2030 HY & Inc. ETF | 1.12% | 90,823 | $2.4M | Add +2.4% |
| ROST Ross Stores Inc. | 1.05% | 14,975 | $2.3M | Add +6.2% |
| AAPL Apple Inc. | 1.00% | 8,596 | $2.2M | Reduce -0.4% |
| TMUS T-Mobile US Inc. | 1.00% | 9,090 | $2.2M | Add +7.8% |
| DUK Duke Energy Corp. | 0.96% | 16,998 | $2.1M | Add +7.0% |
| KMI Kinder Morgan Inc. | 0.91% | 70,188 | $2.0M | Add +8.1% |
| GAP The Gap Inc. | 0.90% | 91,639 | $2.0M | Add +7.5% |
| FDX FedEx Corp. | 0.90% | 8,276 | $2.0M | Add +5.7% |
| IBTL iShares Ibonds Dec 2031 Term | 0.85% | 90,569 | $1.9M | Add +1.9% |
| IBTG iShares Ibonds Dec 2026 Term | 0.85% | 80,308 | $1.8M | Reduce -1.3% |
| IDXX Idexx Laboratories Inc. | 0.84% | 2,880 | $1.8M | Reduce -0.1% |
| NOW ServiceNow Inc. | 0.84% | 1,986 | $1.8M | Add +6.8% |
| RL Ralph Lauren Corp. | 0.83% | 5,793 | $1.8M | Reduce -0.1% |
| CVSA Covista Inc. filed as ADTALEM GLOBAL ED INC | 0.79% | 11,141 | $1.7M | Add +1.1% |
| META Meta Platforms Inc. Class A | 0.79% | 2,332 | $1.7M | Add +3.2% |
| LHX L3HARRIS Technologies Inc. | 0.78% | 5,533 | $1.7M | Add +1.5% |
| TNL Travel + Leisure Co. | 0.76% | 27,958 | $1.7M | Add +1.9% |
| ACM Aecom | 0.75% | 12,598 | $1.6M | Add +1.3% |
| IBTK iShares Ibonds Dec 2030 Trea | 0.75% | 81,888 | $1.6M | Add +2.5% |
| IBTP iShares Ibonds Dec 2034 ETF | 0.74% | 62,416 | $1.6M | Reduce -2.9% |
| LDOS Leidos Holdings Inc. | 0.73% | 8,467 | $1.6M | Add +1.6% |
| MMS Maximus Inc. | 0.72% | 17,096 | $1.6M | Add +1.8% |
| NFLX Netflix Inc. | 0.69% | 1,262 | $1.5M | Add +1.4% |
| HEI Heico Corp. | 0.69% | 4,661 | $1.5M | Add +1.6% |
| RMD Resmed Inc. | 0.67% | 5,349 | $1.5M | Add +1.3% |
| TGNA Tegna Inc. | 0.65% | 70,004 | $1.4M | Add +1.9% |
| NYT New York Times Co. Class A | 0.65% | 24,540 | $1.4M | Add +1.8% |
| HALO Halozyme Therapeutics Inc. | 0.65% | 19,197 | $1.4M | Add +1.5% |
| WAB Wabtec Corp. | 0.63% | 6,889 | $1.4M | Add +1.5% |
| AME Ametek Inc. | 0.63% | 7,301 | $1.4M | Add +1.4% |
| ANF Abercrombie & Fitch Co. Class A | 0.62% | 15,882 | $1.4M | Add +0.8% |
| IBDZ ISHARESIBONDSDEC2034TMCORP | 0.62% | 51,113 | $1.4M | Add +2.5% |
| IBTI iShares Ibonds Dec 2028 Term | 0.62% | 60,404 | $1.4M | Add +2.4% |
| IBTO iShares Ibonds Dec 2033 Tres | 0.61% | 53,984 | $1.3M | Reduce -0.1% |
| ICFI Icf International Inc. | 0.59% | 13,973 | $1.3M | Add +1.4% |
| MRK Merck & Co. Inc. | 0.57% | 14,699 | $1.2M | Add +2.0% |
| BR Broadridge Financial Solutio | 0.56% | 5,103 | $1.2M | Add +1.8% |
| CTAS Cintas Corp. | 0.56% | 5,906 | $1.2M | Add +1.7% |
| HURN Huron Consulting Group Inc. | 0.56% | 8,250 | $1.2M | Add +1.7% |
| IBTM iShares Ibnds Dec 2032 TT | 0.52% | 49,031 | $1.1M | Reduce -0.3% |
| AVY Avery Dennison Corp. | 0.52% | 6,970 | $1.1M | Add +1.7% |
| ZTS Zoetis Inc. | 0.52% | 7,712 | $1.1M | Add +2.1% |
| ALSN Allison Transmission Holding | 0.51% | 13,010 | $1.1M | Add +1.5% |
| TXT Textron Inc. | 0.49% | 12,744 | $1.1M | Reduce -2.0% |
| IBTH iShares Ibonds Dec 2027 Term | 0.49% | 47,492 | $1.1M | Add +0.2% |
| FTNT Fortinet Inc. | 0.48% | 12,432 | $1.0M | Reduce -0.2% |
| IBDY iShares Ibonds Dec 2033 Corp. | 0.48% | 39,773 | $1.0M | Add +6.1% |
| PAYX Paychex Inc. | 0.47% | 8,078 | $1.0M | Add +1.0% |
| AMZN Amazon.com Inc. | 0.47% | 4,626 | $1.0M | Reduce -12.3% |
| FBIN Fortune Brands Innovations I | 0.47% | 18,996 | $1.0M | Add +6.3% |
| MORN Morningstar Inc. | 0.46% | 4,363 | $1.0M | Add +1.8% |
| CNMD Conmed Corp. | 0.46% | 21,107 | $993K | Add +1.6% |
| TMO Thermo Fisher Scientific Inc. | 0.45% | 2,036 | $987K | Add +5.0% |
| DVN Devon Energy Corp. | 0.45% | 27,991 | $981K | Add +5.6% |
| FICO Fair Isaac Corp. | 0.43% | 630 | $943K | Reduce -0.9% |
| IBDX iShares Ibonds Dec 2032 TC | 0.43% | 36,683 | $940K | Add +2.0% |
| VTI VG Morningstar TS MKT ETF-US | 0.42% | 2,797 | $918K | New |
| FISV Fiserv Inc. | 0.39% | 6,626 | $854K | Add +1.1% |
| PBH Prestige Consumer Healthcare | 0.38% | 13,449 | $839K | Reduce -0.5% |
| STZ Constellation Brands Inc. Class A | 0.37% | 5,989 | $807K | Add +7.7% |
| FDS Factset Research Systems Inc. | 0.37% | 2,801 | $802K | Add +1.9% |
| GSHD Goosehead Insurance Inc. Class A | 0.35% | 10,351 | $770K | Add +1.4% |
| RHP Ryman Hospitality Properties | 0.31% | 7,664 | $687K | Add +188.8% |
| ADBE Adobe Inc. | 0.28% | 1,703 | $601K | Reduce -3.8% |
| MGV Vngrd Mrgstr MG CP VL ETF-Ui | 0.27% | 4,348 | $599K | Add +84.8% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.24% | 796 | $530K | New |
| CAT Caterpillar Inc. | 0.24% | 1,111 | $530K | Reduce -4.6% |
| DLR Digital Realty Trust Inc. | 0.23% | 2,906 | $502K | Reduce -1.0% |
| XOM Exxon Mobil Corp. | 0.22% | 4,249 | $479K | Reduce -8.8% |
| DE Deere & Co. | 0.21% | 1,022 | $467K | Reduce -15.2% |
| BLK BlackRock Inc. | 0.17% | 327 | $381K | Reduce -1.8% |
| TM Toyota Motor Corp. -Spon ADR | 0.16% | 1,874 | $358K | No change |
| COST Costco Wholesale Corp. | 0.16% | 373 | $345K | Reduce -1.1% |
| UNP Union Pacific Corp. | 0.14% | 1,311 | $310K | Reduce -5.2% |
| WMT Walmart Inc. | 0.11% | 2,391 | $246K | Reduce -2.0% |
| MCD McDonald's Corp. | 0.11% | 764 | $232K | Reduce -6.7% |
Other holdings (3): bonds, preferreds, convertibles and warrants · $27.0M (not counted above)
Total filed on the 13F, all lines: $245.1M.
Portfolio Sells Q2 2025 → Q3 2025
| IBDQ iShares Ibonds Dec 2025 Term | Sold out | 0.00% | −5.07 |
| IBDR iShares Ibonds Dec 2026 Term | Sold out | 0.00% | −4.35 |
| IBDS Ishrs Ibnds Dec 27 Corp. ETF | Sold out | 0.00% | −2.35 |
| HES Hess Corp. | Sold out | 0.00% | −0.73 |
| ANSS Ansys Inc. | Sold out | 0.00% | −0.57 |
| CVX Chevron Corp. | Sold out | 0.00% | −0.24 |
| EFV iShares MSCI Eafe Value ETF | Sold out | 0.00% | −0.11 |
| CMCSA Comcast Corp. Class A | Sold out | 0.00% | −0.10 |
| FTNT Fortinet Inc. | Reduce -0.2% | 0.48% | −0.09 |
| PBH Prestige Consumer Healthcare | Reduce -0.5% | 0.38% | −0.08 |
| FICO Fair Isaac Corp. | Reduce -0.9% | 0.43% | −0.07 |
| DE Deere & Co. | Reduce -15.2% | 0.21% | −0.05 |
| AMZN Amazon.com Inc. | Reduce -12.3% | 0.47% | −0.03 |
| KVUE Kenvue Inc. | Reduce -1.5% | 0.09% | −0.02 |
| ADBE Adobe Inc. | Reduce -3.8% | 0.28% | −0.02 |
| ABT Abbott Laboratories | Reduce -7.5% | 0.09% | −0.00 |
| COST Costco Wholesale Corp. | Reduce -1.1% | 0.16% | −0.00 |
| XOM Exxon Mobil Corp. | Reduce -8.8% | 0.22% | +0.00 |
| MCD McDonald's Corp. | Reduce -6.7% | 0.11% | +0.00 |
| UNP Union Pacific Corp. | Reduce -5.2% | 0.14% | +0.01 |
| DLR Digital Realty Trust Inc. | Reduce -1.0% | 0.23% | +0.01 |
| WMT Walmart Inc. | Reduce -2.0% | 0.11% | +0.01 |
| BLK BlackRock Inc. | Reduce -1.8% | 0.17% | +0.02 |
| IBTP iShares Ibonds Dec 2034 ETF | Reduce -2.9% | 0.74% | +0.03 |
| IBTM iShares Ibnds Dec 2032 TT | Reduce -0.3% | 0.52% | +0.03 |
| IBTO iShares Ibonds Dec 2033 Tres | Reduce -0.1% | 0.61% | +0.04 |
| IBTG iShares Ibonds Dec 2026 Term | Reduce -1.3% | 0.85% | +0.04 |
| TXT Textron Inc. | Reduce -2.0% | 0.49% | +0.04 |
| CAT Caterpillar Inc. | Reduce -4.6% | 0.24% | +0.05 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -2.7% | 1.25% | +0.08 |
| RL Ralph Lauren Corp. | Reduce -0.1% | 0.83% | +0.15 |
| IDXX Idexx Laboratories Inc. | Reduce -0.1% | 0.84% | +0.18 |
| AAPL Apple Inc. | Reduce -0.4% | 1.00% | +0.24 |
Portfolio Buys Q2 2025 → Q3 2025
| MSFT Microsoft Corp. | Add +397.2% | 3.57% | +2.93 |
| NVDA Nvidia Corp. | Add +4.4% | 3.25% | +0.78 |
| GOOGL Alphabet Inc. Class A | Add +0.2% | 1.41% | +0.45 |
| VTI VG Morningstar TS MKT ETF-US | New | 0.42% | +0.42 |
| IBHF iShares Ibond 2026 HY & Inc. | Add +1.5% | 4.53% | +0.37 |
| IBHI iShares Ibonds 2029 TM HY Inc. | Add +1.6% | 4.36% | +0.36 |
| IBHH iShares Ibonds 2028 TM HY Inc. | Add +1.4% | 4.50% | +0.36 |
| SNPS Synopsys Inc. | Add +37.3% | 1.16% | +0.34 |
| IBHG iShares Ibonds 2027 HY Inc. | Add +1.4% | 4.49% | +0.33 |
| IBHE iShares Ibonds 2025 H/Y Inc. | Add +2.0% | 3.79% | +0.30 |
| AMD Advanced Micro Devices | Add +6.0% | 1.24% | +0.28 |
| USHY iShares Broad Usd High Yield | Add +2.2% | 3.11% | +0.27 |
| ROST Ross Stores Inc. | Add +6.2% | 1.05% | +0.27 |
| GNRC Generac Holdings Inc. | Add +3.0% | 1.20% | +0.27 |
| SPY SS SPDR S&P 500 ETF Trust-US | New | 0.24% | +0.24 |
| QCOM Qualcomm Inc. | Add +6.0% | 1.52% | +0.23 |
| HALO Halozyme Therapeutics Inc. | Add +1.5% | 0.65% | +0.22 |
| JBBB Janus Henderson B-BBB Clo Et | Add +2.4% | 2.58% | +0.21 |
| MMS Maximus Inc. | Add +1.8% | 0.72% | +0.21 |
| RHP Ryman Hospitality Properties | Add +188.8% | 0.31% | +0.20 |
| LHX L3HARRIS Technologies Inc. | Add +1.5% | 0.78% | +0.19 |
| CVSA Covista Inc. | Add +1.1% | 0.79% | +0.19 |
| IBDW iShares Ibonds Dec 2031 Corp. | Add +1.3% | 2.19% | +0.18 |
| LDOS Leidos Holdings Inc. | Add +1.6% | 0.73% | +0.17 |
| DUK Duke Energy Corp. | Add +7.0% | 0.96% | +0.16 |
| TGNA Tegna Inc. | Add +1.9% | 0.65% | +0.16 |
| PFE Pfizer Inc. | Add +2.8% | 1.19% | +0.16 |
| IBTF iShares Ibonds Dec 2025 Term | Add +0.5% | 2.30% | +0.15 |
| TNL Travel + Leisure Co. | Add +1.9% | 0.76% | +0.15 |
| IBDV iShares Ibonds Dec 2030 Corp. | Add +0.5% | 2.05% | +0.15 |
| ACM Aecom | Add +1.3% | 0.75% | +0.15 |
| IBDU iShares Ibonds Dec 2029 Term | Add +0.4% | 2.00% | +0.14 |
| MGV Vngrd Mrgstr MG CP VL ETF-Ui | Add +84.8% | 0.27% | +0.14 |
| IBDT iShares Ibonds Dec 2028 ETF | Add +0.3% | 1.96% | +0.13 |
| TMUS T-Mobile US Inc. | Add +7.8% | 1.00% | +0.13 |
| FDX FedEx Corp. | Add +5.7% | 0.90% | +0.13 |
| VICI Vici Properties Inc. | Add +5.5% | 1.13% | +0.13 |
| TMO Thermo Fisher Scientific Inc. | Add +5.0% | 0.45% | +0.11 |
| GAP The Gap Inc. | Add +7.5% | 0.90% | +0.10 |
| IBHJ Ishrs Ibds 2030 HY & Inc. ETF | Add +2.4% | 1.12% | +0.10 |
| IBHK ISHARESIBOND2031HIGHYLDINC | Add +2.3% | 1.12% | +0.10 |
| IBTJ iShares Ibonds Dec 2029 Term | Add +1.6% | 1.20% | +0.09 |
| ICFI Icf International Inc. | Add +1.4% | 0.59% | +0.09 |
| KMI Kinder Morgan Inc. | Add +8.1% | 0.91% | +0.09 |
| DVN Devon Energy Corp. | Add +5.6% | 0.45% | +0.09 |
| RMD Resmed Inc. | Add +1.3% | 0.67% | +0.09 |
| HURN Huron Consulting Group Inc. | Add +1.7% | 0.56% | +0.08 |
| MRK Merck & Co. Inc. | Add +2.0% | 0.57% | +0.07 |
| IBTL iShares Ibonds Dec 2031 Term | Add +1.9% | 0.85% | +0.07 |
| FBIN Fortune Brands Innovations I | Add +6.3% | 0.47% | +0.07 |
Notes & Other Activity Q2 2025 → Q3 2025
| IBDQ iShares Ibonds Dec 2025 Term | IBONDS DEC25 ETF · principal | New | 470,839 | $11.9M |
| IBDR iShares Ibonds Dec 2026 Term | IBONDS DEC2026 · principal | New | 399,260 | $9.7M |
| IBDS Ishrs Ibnds Dec 27 Corp. ETF | IBONDS 27 ETF · principal | New | 224,280 | $5.5M |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 135 | $282.1M | USHY, DIV, FDL, SPHY, NVDA |
| Q1 2026 | 118 | $236.3M | USHY, FDL, DIV, SPHY, NVDA |
| Q4 2025 | 98 | $209.8M | IBHH, IBHF, IBHG, IBHI, IBDR |
| Q3 2025 | 102 | $218.0M | IBHF, IBHH, IBHG, IBHI, IBHE |
| Q2 2025 | 108 | $232.4M | IBDQ, IBDR, IBHG, IBHF, IBHH |
| Q1 2025 | 76 | $204.1M | IBDR, IBDQ, IBHF, IBHG, IBHI |
| Q4 2024 | 67 | $280.6M | IBDR, IBDQ, EFV, BRK.B, COST |
| Q3 2024 | 68 | $316.2M | IBDR, IBDQ, IBDP, EFV, BRK.B |
| Q2 2024 | 66 | $293.5M | IBDR, IBDQ, IBDP, EFV, BRK.B |
| Q1 2024 | 66 | $291.7M | IBDR, IBDQ, IBDP, EFV, BRK.B |