Keeler Thomas Management LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 12, 2026), Keeler Thomas Management LLC reported 98 stock positions worth $209.8 million. Its top holding was iShares Ibonds 2028 TM HY (IBHH) at 4.7% of the portfolio, followed by iShares Ibond 2026 HY & (IBHF, 4.7%) and iShares Ibonds 2027 HY (IBHG, 4.7%). Compared with Q3 2025, it opened 2 new positions, sold out of 6, added to 48 and reduced 45. The biggest buy was a new position in iShares Ibonds Dec 2026 Term (IBDR) and the biggest sale an exit from iShares Ibonds 2025 H/Y (IBHE).
- Most Recent 13F
- Q2 2026
- Location
- Orem, UT
- CIK
- 0001730660
- Portfolio Value
- $209.8M (Q4 2025)
- SEC Filing
- 0001172661-26-000643 ↗ filed Feb 12, 2026
Holdings Value
Holdings 98 stocks · $209.8M
| IBHH iShares Ibonds 2028 TM HY Inc. | 4.68% | 414,741 | $9.8M | Add +0.8% |
| IBHF iShares Ibond 2026 HY & Inc. | 4.67% | 424,704 | $9.8M | Add +0.7% |
| IBHG iShares Ibonds 2027 HY Inc. | 4.67% | 438,880 | $9.8M | Add +0.8% |
| IBHI iShares Ibonds 2029 TM HY Inc. | 4.50% | 399,476 | $9.4M | Add +0.3% |
| IBDR iShares Ibonds Dec 2026 Term | 4.33% | 375,082 | $9.1M | New |
| USHY iShares Broad Usd High Yield | 3.52% | 197,359 | $7.4M | Add +9.8% |
| NVDA Nvidia Corp. | 3.44% | 38,738 | $7.2M | Add +1.9% |
| MSFT Microsoft Corp. | 3.40% | 14,749 | $7.1M | Reduce -1.9% |
| JBBB Janus Henderson B-BBB Clo Et | 2.73% | 119,944 | $5.7M | Add +2.8% |
| IBDS Ishrs Ibnds Dec 27 Corp. ETF | 2.56% | 221,477 | $5.4M | New |
| IBDW iShares Ibonds Dec 2031 Corp. | 2.27% | 224,777 | $4.8M | Reduce -0.1% |
| IBDV iShares Ibonds Dec 2030 Corp. | 2.11% | 200,827 | $4.4M | Reduce -0.6% |
| IBDU iShares Ibonds Dec 2029 Term | 2.06% | 184,912 | $4.3M | Reduce -0.6% |
| IBDT iShares Ibonds Dec 2028 ETF | 2.02% | 166,595 | $4.2M | Reduce -0.7% |
| GOOGL Alphabet Inc. Class A | 1.89% | 12,681 | $4.0M | No change |
| QCOM Qualcomm Inc. | 1.63% | 20,030 | $3.4M | Add +0.2% |
| PFE Pfizer Inc. | 1.39% | 117,034 | $2.9M | Add +14.6% |
| ROST Ross Stores Inc. | 1.29% | 15,047 | $2.7M | Add +0.5% |
| IBTJ iShares Ibonds Dec 2029 Term | 1.27% | 120,981 | $2.7M | Add +1.4% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.21% | 5,045 | $2.5M | Reduce -7.0% |
| IBHK ISHARESIBOND2031HIGHYLDINC | 1.20% | 97,455 | $2.5M | Add +4.1% |
| AAPL Apple Inc. | 1.20% | 9,257 | $2.5M | Add +7.7% |
| IBHJ Ishrs Ibds 2030 HY & Inc. ETF | 1.20% | 94,537 | $2.5M | Add +4.1% |
| FDX FedEx Corp. | 1.14% | 8,297 | $2.4M | Add +0.3% |
| GAP The Gap Inc. | 1.13% | 93,016 | $2.4M | Add +1.5% |
| RHP Ryman Hospitality Properties | 1.05% | 23,289 | $2.2M | Add +203.9% |
| GNRC Generac Holdings Inc. | 1.02% | 15,657 | $2.1M | Reduce -0.2% |
| RL Ralph Lauren Corp. | 0.97% | 5,767 | $2.0M | Reduce -0.5% |
| DUK Duke Energy Corp. | 0.95% | 17,046 | $2.0M | Add +0.3% |
| ANF Abercrombie & Fitch Co. Class A | 0.95% | 15,867 | $2.0M | Reduce -0.1% |
| TNL Travel + Leisure Co. | 0.94% | 28,054 | $2.0M | Add +0.3% |
| KMI Kinder Morgan Inc. | 0.93% | 70,668 | $1.9M | Add +0.7% |
| IDXX Idexx Laboratories Inc. | 0.93% | 2,869 | $1.9M | Reduce -0.4% |
| IBTL iShares Ibonds Dec 2031 Term | 0.90% | 91,530 | $1.9M | Add +1.1% |
| IBTG iShares Ibonds Dec 2026 Term | 0.85% | 77,708 | $1.8M | Reduce -3.2% |
| NYT New York Times Co. Class A | 0.81% | 24,586 | $1.7M | Add +0.2% |
| IBTK iShares Ibonds Dec 2030 Trea | 0.79% | 83,106 | $1.6M | Add +1.5% |
| IBTP iShares Ibonds Dec 2034 ETF | 0.79% | 63,816 | $1.6M | Add +2.2% |
| LHX L3HARRIS Technologies Inc. | 0.78% | 5,550 | $1.6M | Add +0.3% |
| META Meta Platforms Inc. Class A | 0.76% | 2,411 | $1.6M | Add +3.4% |
| VICI Vici Properties Inc. filed as VICI PPTYS INC | 0.75% | 55,743 | $1.6M | Reduce -26.2% |
| MRK Merck & Co. Inc. | 0.74% | 14,749 | $1.6M | Add +0.3% |
| LDOS Leidos Holdings Inc. | 0.73% | 8,476 | $1.5M | Add +0.1% |
| HEI Heico Corp. | 0.72% | 4,657 | $1.5M | Reduce -0.1% |
| AME Ametek Inc. | 0.71% | 7,304 | $1.5M | Add +0.0% |
| MMS Maximus Inc. | 0.70% | 17,133 | $1.5M | Add +0.2% |
| WAB Wabtec Corp. | 0.70% | 6,890 | $1.5M | Add +0.0% |
| HURN Huron Consulting Group Inc. | 0.68% | 8,242 | $1.4M | Reduce -0.1% |
| IBDZ ISHARESIBONDSDEC2034TMCORP | 0.67% | 52,946 | $1.4M | Add +3.6% |
| IBTO iShares Ibonds Dec 2033 Tres | 0.65% | 55,645 | $1.4M | Add +3.1% |
| TGNA Tegna Inc. | 0.65% | 70,326 | $1.4M | Add +0.5% |
| IBTI iShares Ibonds Dec 2028 Term | 0.65% | 61,025 | $1.4M | Add +1.0% |
| HALO Halozyme Therapeutics Inc. | 0.62% | 19,179 | $1.3M | Reduce -0.1% |
| RMD Resmed Inc. | 0.61% | 5,356 | $1.3M | Add +0.1% |
| SNPS Synopsys Inc. | 0.61% | 2,743 | $1.3M | Reduce -46.5% |
| ALSN Allison Transmission Holding | 0.61% | 13,033 | $1.3M | Add +0.2% |
| AVY Avery Dennison Corp. | 0.61% | 6,996 | $1.3M | Add +0.4% |
| ACM Aecom | 0.57% | 12,583 | $1.2M | Reduce -0.1% |
| ICFI Icf International Inc. | 0.57% | 13,979 | $1.2M | Add +0.0% |
| NFLX Netflix Inc. | 0.56% | 12,643 | $1.2M | Add +0.2% |
| NOW ServiceNow Inc. | 0.56% | 7,673 | $1.2M | Reduce -22.7% |
| TMO Thermo Fisher Scientific Inc. | 0.56% | 2,026 | $1.2M | Reduce -0.5% |
| IBTM iShares Ibnds Dec 2032 TT | 0.56% | 50,844 | $1.2M | Add +3.7% |
| BR Broadridge Financial Solutio | 0.55% | 5,125 | $1.1M | Add +0.4% |
| TMUS T-Mobile US Inc. | 0.54% | 5,552 | $1.1M | Reduce -38.9% |
| TXT Textron Inc. | 0.52% | 12,445 | $1.1M | Reduce -2.4% |
| IBTH iShares Ibonds Dec 2027 Term | 0.51% | 48,005 | $1.1M | Add +1.1% |
| IBDY iShares Ibonds Dec 2033 Corp. | 0.51% | 41,164 | $1.1M | Add +3.5% |
| FICO Fair Isaac Corp. | 0.51% | 629 | $1.1M | Reduce -0.2% |
| DVN Devon Energy Corp. | 0.49% | 28,083 | $1.0M | Add +0.3% |
| IBDX iShares Ibonds Dec 2032 TC | 0.46% | 37,994 | $970K | Add +3.6% |
| FBIN Fortune Brands Innovations I | 0.45% | 18,991 | $950K | Reduce -0.0% |
| VTI VG Morningstar TS MKT ETF-US | 0.45% | 2,797 | $938K | No change |
| AMZN Amazon.com Inc. | 0.42% | 3,800 | $877K | Reduce -17.9% |
| CVSA Covista Inc. filed as ADTALEM GLOBAL ED INC | 0.39% | 7,827 | $810K | Reduce -29.8% |
| CTAS Cintas Corp. | 0.38% | 4,196 | $789K | Reduce -28.9% |
| FTNT Fortinet Inc. | 0.33% | 8,674 | $689K | Reduce -30.2% |
| STZ Constellation Brands Inc. Class A | 0.33% | 4,984 | $688K | Reduce -16.8% |
| MORN Morningstar Inc. | 0.30% | 2,942 | $639K | Reduce -32.6% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.29% | 897 | $612K | Add +12.7% |
| MGV Vngrd Mrgstr MG CP VL ETF-Ui | 0.28% | 4,114 | $581K | Reduce -5.4% |
| DE Deere & Co. | 0.22% | 994 | $463K | Reduce -2.7% |
| ADBE Adobe Inc. | 0.21% | 1,240 | $434K | Reduce -27.2% |
| XOM Exxon Mobil Corp. | 0.20% | 3,409 | $410K | Reduce -19.8% |
| TM Toyota Motor Corp. -Spon ADR | 0.19% | 1,874 | $401K | No change |
| CAT Caterpillar Inc. | 0.17% | 639 | $366K | Reduce -42.5% |
| DLR Digital Realty Trust Inc. | 0.16% | 2,205 | $341K | Reduce -24.1% |
| ZTS Zoetis Inc. | 0.16% | 2,604 | $328K | Reduce -66.2% |
| BLK BlackRock Inc. | 0.15% | 291 | $311K | Reduce -11.0% |
| UNP Union Pacific Corp. | 0.15% | 1,323 | $306K | Add +0.9% |
| COST Costco Wholesale Corp. | 0.14% | 344 | $297K | Reduce -7.8% |
| FISV Fiserv Inc. | 0.13% | 4,181 | $281K | Reduce -36.9% |
| CNMD Conmed Corp. | 0.13% | 6,533 | $265K | Reduce -69.0% |
| WMT Walmart Inc. | 0.12% | 2,298 | $256K | Reduce -3.9% |
| PBH Prestige Consumer Healthcare | 0.12% | 4,076 | $251K | Reduce -69.7% |
| FDS Factset Research Systems Inc. | 0.12% | 862 | $250K | Reduce -69.2% |
| GSHD Goosehead Insurance Inc. Class A | 0.12% | 3,379 | $249K | Reduce -67.4% |
| PAYX Paychex Inc. | 0.12% | 2,160 | $242K | Reduce -73.3% |
Portfolio Sells Q3 2025 → Q4 2025
| IBHE iShares Ibonds 2025 H/Y Inc. | Sold out | 0.00% | −3.79 |
| IBTF iShares Ibonds Dec 2025 Term | Sold out | 0.00% | −2.30 |
| AMD Advanced Micro Devices | Sold out | 0.00% | −1.24 |
| SNPS Synopsys Inc. | Reduce -46.5% | 0.61% | −0.55 |
| TMUS T-Mobile US Inc. | Reduce -38.9% | 0.54% | −0.46 |
| CVSA Covista Inc. | Reduce -29.8% | 0.39% | −0.40 |
| VICI Vici Properties Inc. | Reduce -26.2% | 0.75% | −0.38 |
| ZTS Zoetis Inc. | Reduce -66.2% | 0.16% | −0.36 |
| PAYX Paychex Inc. | Reduce -73.3% | 0.12% | −0.35 |
| CNMD Conmed Corp. | Reduce -69.0% | 0.13% | −0.33 |
| NOW ServiceNow Inc. | Reduce -22.7% | 0.56% | −0.28 |
| PBH Prestige Consumer Healthcare | Reduce -69.7% | 0.12% | −0.27 |
| FISV Fiserv Inc. | Reduce -36.9% | 0.13% | −0.26 |
| FDS Factset Research Systems Inc. | Reduce -69.2% | 0.12% | −0.25 |
| GSHD Goosehead Insurance Inc. Class A | Reduce -67.4% | 0.12% | −0.23 |
| GNRC Generac Holdings Inc. | Reduce -0.2% | 1.02% | −0.19 |
| ACM Aecom | Reduce -0.1% | 0.57% | −0.18 |
| CTAS Cintas Corp. | Reduce -28.9% | 0.38% | −0.18 |
| MSFT Microsoft Corp. | Reduce -1.9% | 3.40% | −0.17 |
| MORN Morningstar Inc. | Reduce -32.6% | 0.30% | −0.16 |
| FTNT Fortinet Inc. | Reduce -30.2% | 0.33% | −0.15 |
| MCD McDonald's Corp. | Sold out | 0.00% | −0.11 |
| ABT Abbott Laboratories | Sold out | 0.00% | −0.09 |
| KVUE Kenvue Inc. | Sold out | 0.00% | −0.09 |
| CAT Caterpillar Inc. | Reduce -42.5% | 0.17% | −0.07 |
| ADBE Adobe Inc. | Reduce -27.2% | 0.21% | −0.07 |
| DLR Digital Realty Trust Inc. | Reduce -24.1% | 0.16% | −0.07 |
| AMZN Amazon.com Inc. | Reduce -17.9% | 0.42% | −0.05 |
| STZ Constellation Brands Inc. Class A | Reduce -16.8% | 0.33% | −0.04 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -7.0% | 1.21% | −0.04 |
| HALO Halozyme Therapeutics Inc. | Reduce -0.1% | 0.62% | −0.03 |
| BLK BlackRock Inc. | Reduce -11.0% | 0.15% | −0.03 |
| XOM Exxon Mobil Corp. | Reduce -19.8% | 0.20% | −0.02 |
| COST Costco Wholesale Corp. | Reduce -7.8% | 0.14% | −0.02 |
| FBIN Fortune Brands Innovations I | Reduce -0.0% | 0.45% | −0.01 |
| IBTG iShares Ibonds Dec 2026 Term | Reduce -3.2% | 0.85% | +0.00 |
| MGV Vngrd Mrgstr MG CP VL ETF-Ui | Reduce -5.4% | 0.28% | +0.00 |
| DE Deere & Co. | Reduce -2.7% | 0.22% | +0.01 |
| WMT Walmart Inc. | Reduce -3.9% | 0.12% | +0.01 |
| TXT Textron Inc. | Reduce -2.4% | 0.52% | +0.02 |
| HEI Heico Corp. | Reduce -0.1% | 0.72% | +0.03 |
| IBDT iShares Ibonds Dec 2028 ETF | Reduce -0.7% | 2.02% | +0.06 |
| IBDU iShares Ibonds Dec 2029 Term | Reduce -0.6% | 2.06% | +0.06 |
| IBDV iShares Ibonds Dec 2030 Corp. | Reduce -0.6% | 2.11% | +0.06 |
| FICO Fair Isaac Corp. | Reduce -0.2% | 0.51% | +0.07 |
| IBDW iShares Ibonds Dec 2031 Corp. | Reduce -0.1% | 2.27% | +0.08 |
| IDXX Idexx Laboratories Inc. | Reduce -0.4% | 0.93% | +0.08 |
| TMO Thermo Fisher Scientific Inc. | Reduce -0.5% | 0.56% | +0.11 |
| HURN Huron Consulting Group Inc. | Reduce -0.1% | 0.68% | +0.12 |
| RL Ralph Lauren Corp. | Reduce -0.5% | 0.97% | +0.14 |
Portfolio Buys Q3 2025 → Q4 2025
| IBDR iShares Ibonds Dec 2026 Term | New | 4.33% | +4.33 |
| IBDS Ishrs Ibnds Dec 27 Corp. ETF | New | 2.56% | +2.56 |
| RHP Ryman Hospitality Properties | Add +203.9% | 1.05% | +0.74 |
| USHY iShares Broad Usd High Yield | Add +9.8% | 3.52% | +0.40 |
| FDX FedEx Corp. | Add +0.3% | 1.14% | +0.25 |
| ROST Ross Stores Inc. | Add +0.5% | 1.29% | +0.25 |
| GAP The Gap Inc. | Add +1.5% | 1.13% | +0.24 |
| AAPL Apple Inc. | Add +7.7% | 1.20% | +0.20 |
| PFE Pfizer Inc. | Add +14.6% | 1.39% | +0.20 |
| NVDA Nvidia Corp. | Add +1.9% | 3.44% | +0.19 |
| TNL Travel + Leisure Co. | Add +0.3% | 0.94% | +0.18 |
| IBHG iShares Ibonds 2027 HY Inc. | Add +0.8% | 4.67% | +0.18 |
| IBHH iShares Ibonds 2028 TM HY Inc. | Add +0.8% | 4.68% | +0.18 |
| MRK Merck & Co. Inc. | Add +0.3% | 0.74% | +0.17 |
| NYT New York Times Co. Class A | Add +0.2% | 0.81% | +0.17 |
| JBBB Janus Henderson B-BBB Clo Et | Add +2.8% | 2.73% | +0.15 |
| IBHF iShares Ibond 2026 HY & Inc. | Add +0.7% | 4.67% | +0.15 |
| IBHI iShares Ibonds 2029 TM HY Inc. | Add +0.3% | 4.50% | +0.14 |
| QCOM Qualcomm Inc. | Add +0.2% | 1.63% | +0.11 |
| ALSN Allison Transmission Holding | Add +0.2% | 0.61% | +0.10 |
| AVY Avery Dennison Corp. | Add +0.4% | 0.61% | +0.09 |
| AME Ametek Inc. | Add +0.0% | 0.71% | +0.09 |
| IBHJ Ishrs Ibds 2030 HY & Inc. ETF | Add +4.1% | 1.20% | +0.08 |
| IBHK ISHARESIBOND2031HIGHYLDINC | Add +4.1% | 1.20% | +0.08 |
| WAB Wabtec Corp. | Add +0.0% | 0.70% | +0.07 |
| IBTJ iShares Ibonds Dec 2029 Term | Add +1.4% | 1.27% | +0.06 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +12.7% | 0.29% | +0.05 |
| IBDZ ISHARESIBONDSDEC2034TMCORP | Add +3.6% | 0.67% | +0.04 |
| IBTP iShares Ibonds Dec 2034 ETF | Add +2.2% | 0.79% | +0.04 |
| IBTO iShares Ibonds Dec 2033 Tres | Add +3.1% | 0.65% | +0.04 |
| IBTL iShares Ibonds Dec 2031 Term | Add +1.1% | 0.90% | +0.04 |
| DVN Devon Energy Corp. | Add +0.3% | 0.49% | +0.04 |
| IBTK iShares Ibonds Dec 2030 Trea | Add +1.5% | 0.79% | +0.04 |
| IBTM iShares Ibnds Dec 2032 TT | Add +3.7% | 0.56% | +0.04 |
| IBDY iShares Ibonds Dec 2033 Corp. | Add +3.5% | 0.51% | +0.03 |
| IBDX iShares Ibonds Dec 2032 TC | Add +3.6% | 0.46% | +0.03 |
| IBTI iShares Ibonds Dec 2028 Term | Add +1.0% | 0.65% | +0.03 |
| IBTH iShares Ibonds Dec 2027 Term | Add +1.1% | 0.51% | +0.02 |
| KMI Kinder Morgan Inc. | Add +0.7% | 0.93% | +0.01 |
| UNP Union Pacific Corp. | Add +0.9% | 0.15% | +0.00 |
| LHX L3HARRIS Technologies Inc. | Add +0.3% | 0.78% | +0.00 |
| TGNA Tegna Inc. | Add +0.5% | 0.65% | −0.00 |
| LDOS Leidos Holdings Inc. | Add +0.1% | 0.73% | −0.01 |
| MMS Maximus Inc. | Add +0.2% | 0.70% | −0.01 |
| BR Broadridge Financial Solutio | Add +0.4% | 0.55% | −0.01 |
| DUK Duke Energy Corp. | Add +0.3% | 0.95% | −0.01 |
| ICFI Icf International Inc. | Add +0.0% | 0.57% | −0.03 |
| META Meta Platforms Inc. Class A | Add +3.4% | 0.76% | −0.03 |
| RMD Resmed Inc. | Add +0.1% | 0.61% | −0.06 |
| NFLX Netflix Inc. | Add +0.2% | 0.56% | −0.13 |
Notes & Other Activity Q3 2025 → Q4 2025
| IBDQ iShares Ibonds Dec 2025 Term | IBONDS DEC25 ETF · principal | Sold out | 470,839 | $11.9Mbefore exit |
| IBDR iShares Ibonds Dec 2026 Term | IBONDS DEC2026 · principal | Sold out | 399,260 | $9.7Mbefore exit |
| IBDS Ishrs Ibnds Dec 27 Corp. ETF | IBONDS 27 ETF · principal | Sold out | 224,280 | $5.5Mbefore exit |
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 |