Keudell/Morrison Wealth Management
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed July 15, 2026), Keudell/Morrison Wealth Management reported 254 stock positions worth $529.1 million. Its top holding was Schwab US DVD Equity ETF (SCHD) at 10.1% of the portfolio, followed by TCW Flexible Income ETF (FLXR, 7.5%) and Dimensional US Core Equity 2 (DFAC, 5.6%). Compared with Q1 2026, it opened 19 new positions, sold out of 11, added to 97 and reduced 96. The biggest buy was Tortoise North American Pipe (TPYP, shares +41%) and the biggest sale Dimensional Em Ex Cce ETF (DEXC, shares −76%).
- Most Recent 13F
- Q2 2026
- Location
- Salem, OR
- CIK
- 0001785498
- Portfolio Value
- $529.1M (Q2 2026)
- SEC Filing
- 0002085853-26-000737 ↗ filed Jul 15, 2026
Holdings Value
Holdings 254 stocks · $529.1M
| SCHD Schwab US DVD Equity ETF | 10.13% | 1,690,577 | $53.6M | Add +10.4% |
| FLXR TCW Flexible Income ETF | 7.50% | 1,011,488 | $39.7M | Reduce -8.1% |
| DFAC Dimensional US Core Equity 2 | 5.58% | 666,074 | $29.5M | Reduce -4.6% |
| VWOB Vanguard Emerg MKTS Gov BND | 4.77% | 375,202 | $25.2M | Add +3.4% |
| AAPL Apple Inc. | 3.66% | 66,958 | $19.4M | Add +0.3% |
| TPYP Tortoise North American Pipe | 2.98% | 375,370 | $15.7M | Add +40.6% |
| LVHI Franklin International Low V | 2.56% | 333,256 | $13.5M | Add +36.5% |
| FNDF Schwab Fndmn Intl LRG Co. ETF | 2.49% | 250,158 | $13.2M | Reduce -42.7% |
| EDIV State Street SPDR S&P Emergi | 2.35% | 303,249 | $12.4M | Add +43.6% |
| VYM Vanguard High DVD Yield ETF | 2.20% | 73,504 | $11.6M | Add +0.6% |
| JMUB JPMorgan Municipal ETF | 1.96% | 204,595 | $10.4M | Add +2.9% |
| GOOG Alphabet Inc. Class C | 1.94% | 29,028 | $10.3M | Reduce -0.1% |
| VNQ Vanguard Real Estate ETF | 1.85% | 101,570 | $9.8M | Add +0.1% |
| LRCX Lam Research Corp. | 1.71% | 20,933 | $9.1M | No change |
| AMZN Amazon.com Inc. | 1.64% | 36,497 | $8.7M | Add +4.1% |
| MOO Vaneck Agribusiness ETF | 1.54% | 102,689 | $8.1M | Add +48.7% |
| MSFT Microsoft Corp. | 1.41% | 20,062 | $7.5M | Add +0.6% |
| SCHG Schwab US Large-Cap Growth | 1.26% | 196,784 | $6.7M | Add +2.6% |
| LLY Eli Lilly & Co. | 1.13% | 4,989 | $6.0M | Add +0.7% |
| XLK SS Technology Select Sector | 1.09% | 30,216 | $5.8M | Reduce -0.3% |
| CGHM Cap Group Muni High-Income | 1.02% | 208,098 | $5.4M | Add +4.8% |
| ABBV Abbvie Inc. | 0.95% | 20,064 | $5.0M | Add +0.2% |
| XOM Exxon Mobil Corp. | 0.93% | 36,177 | $4.9M | Reduce -1.6% |
| NVDA Nvidia Corp. | 0.86% | 22,661 | $4.5M | Add +6.7% |
| CAT Caterpillar Inc. | 0.81% | 4,025 | $4.3M | Reduce -1.0% |
| QQQ Invesco QQQ Trust Series 1 | 0.79% | 5,706 | $4.2M | No change |
| DEXC Dimensional Em Ex Cce ETF | 0.79% | 50,419 | $4.2M | Reduce -76.2% |
| GOOGL Alphabet Inc. Class A | 0.78% | 11,515 | $4.1M | Reduce -9.9% |
| V Visa Inc. Class A | 0.73% | 11,238 | $3.9M | Add +0.3% |
| VDE Vanguard Energy ETF | 0.72% | 25,412 | $3.8M | Reduce -1.4% |
| SPYG SS SPDR P S&P 500 Growth ETF | 0.69% | 30,505 | $3.6M | Add +1.6% |
| PM Philip Morris International | 0.64% | 18,824 | $3.4M | Add +0.6% |
| HD Home Depot Inc. | 0.61% | 9,197 | $3.2M | Reduce -0.3% |
| RTX RTX Corp. | 0.61% | 16,926 | $3.2M | Reduce -0.6% |
| INTC Intel Corp. | 0.59% | 22,412 | $3.1M | Reduce -8.0% |
| USB US Bancorp | 0.59% | 51,526 | $3.1M | Reduce -0.8% |
| JPM JPMorgan Chase & Co. | 0.59% | 9,490 | $3.1M | Add +0.2% |
| CVX Chevron Corp. | 0.56% | 17,744 | $2.9M | Reduce -4.6% |
| QCOM Qualcomm Inc. | 0.50% | 14,230 | $2.6M | Add +0.0% |
| ASML ASML Holding NV-NY Reg SHS filed as ASML HLDG NV | 0.49% | 1,305 | $2.6M | Reduce -0.7% |
| VZ Verizon Communications Inc. | 0.46% | 57,518 | $2.4M | Add +10.4% |
| MO Altria Group Inc. | 0.44% | 32,126 | $2.3M | Add +6.6% |
| DGRO iShares Core Dividend Growth | 0.43% | 30,036 | $2.3M | No change |
| SMH Vaneck Semiconductor ETF | 0.41% | 3,290 | $2.2M | No change |
| VIG Vanguard Dividend Apprec ETF | 0.39% | 8,610 | $2.0M | Add +0.8% |
| ELV Elevance Health Inc. | 0.37% | 5,039 | $1.9M | No change |
| SYK Stryker Corp. | 0.36% | 6,108 | $1.9M | Add +0.1% |
| JNJ Johnson & Johnson | 0.36% | 7,437 | $1.9M | Add +1.5% |
| GILD Gilead Sciences Inc. | 0.35% | 14,835 | $1.9M | Reduce -1.2% |
| CSCO Cisco Systems Inc. | 0.34% | 15,422 | $1.8M | Add +0.0% |
| AMGN Amgen Inc. | 0.34% | 4,952 | $1.8M | Add +1.1% |
| AMD Advanced Micro Devices | 0.34% | 3,064 | $1.8M | Add +11.8% |
| MRK Merck & Co. Inc. | 0.32% | 13,268 | $1.7M | Reduce -0.8% |
| META Meta Platforms Inc. Class A | 0.32% | 3,004 | $1.7M | Reduce -2.8% |
| AVGO Broadcom Inc. | 0.32% | 4,416 | $1.7M | Reduce -2.8% |
| COST Costco Wholesale Corp. | 0.31% | 1,743 | $1.6M | Reduce -2.2% |
| LTC LTC Properties Inc. filed as LTC PPTYS INC | 0.29% | 39,373 | $1.5M | Add +2.9% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.27% | 5,088 | $1.4M | Add +11.5% |
| T AT&T Inc. | 0.27% | 67,775 | $1.4M | Reduce -1.6% |
| ORCL Oracle Corp. | 0.26% | 9,500 | $1.4M | Add +4.3% |
| EFA iShares MSCI Eafe ETF | 0.26% | 13,213 | $1.4M | No change |
| BRK.B Berkshire Hathaway Inc. Class B | 0.26% | 2,730 | $1.4M | Reduce -1.2% |
| NKE Nike Inc. Class B | 0.26% | 33,273 | $1.4M | Add +4.0% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.25% | 1,761 | $1.3M | Reduce -4.2% |
| IWO iShares Russell 2000 Growth | 0.25% | 3,399 | $1.3M | No change |
| DVY iShares Select Dividend ETF | 0.25% | 8,437 | $1.3M | Add +0.1% |
| LHX L3HARRIS Technologies Inc. | 0.25% | 4,531 | $1.3M | Reduce -2.2% |
| TXN Texas Instruments Inc. | 0.24% | 4,331 | $1.3M | Add +4.9% |
| VWO Vanguard Ftse Emerging Marke | 0.24% | 21,395 | $1.3M | Add +0.8% |
| VLO Valero Energy Corp. | 0.23% | 4,630 | $1.2M | Add +11.9% |
| SBUX Starbucks Corp. | 0.23% | 11,662 | $1.2M | Add +0.8% |
| MAR Marriott International Class A | 0.22% | 3,149 | $1.2M | Add +0.2% |
| WMT Walmart Inc. | 0.22% | 10,175 | $1.2M | Reduce -0.2% |
| BMY Bristol-Myers Squibb Co. | 0.22% | 19,945 | $1.1M | Reduce -2.2% |
| ENB Enbridge Inc. | 0.21% | 20,737 | $1.1M | Add +3.9% |
| UNH Unitedhealth Group Inc. | 0.21% | 2,681 | $1.1M | Reduce -5.7% |
| TTE Totalenergies SE | 0.20% | 13,689 | $1.1M | Reduce -5.0% |
| RSP Invesco S&P 500 Equal Weight | 0.20% | 5,001 | $1.1M | Add +2.9% |
| BA The Boeing Co. | 0.19% | 4,684 | $1.0M | Add +0.1% |
| WFC Wells Fargo & Co. | 0.19% | 12,030 | $994K | Reduce -0.7% |
| UPS United Parcel Service Class B | 0.19% | 9,109 | $979K | Reduce -1.4% |
| LMT Lockheed Martin Corp. | 0.18% | 1,879 | $957K | Add +10.0% |
| CRM Salesforce Inc. | 0.17% | 5,882 | $921K | Reduce -0.4% |
| EMXC iShares MSCI Emr MRK Ex Chna | 0.17% | 8,953 | $916K | No change |
| O Realty Income Corp. | 0.17% | 14,726 | $912K | Reduce -4.4% |
| PG The Procter & Gamble Co. | 0.17% | 6,201 | $909K | Reduce -5.8% |
| NFLX Netflix Inc. | 0.17% | 12,465 | $890K | Add +13.9% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.17% | 1,187 | $887K | Add +1.3% |
| GLDM SPDR Gold Minishares Trust | 0.16% | 10,779 | $856K | Add +0.6% |
| PANW Palo Alto Networks Inc. | 0.16% | 2,450 | $835K | Reduce -5.3% |
| TSM Taiwan Semiconductor-SP ADR | 0.16% | 1,749 | $835K | Add +2.2% |
| BTI British American Tob-SP ADR | 0.16% | 13,382 | $826K | Add +7.4% |
| BROS Dutch Bros Inc. Class A | 0.15% | 11,297 | $811K | Reduce -16.2% |
| PFN PIMCO Income Strategy FD II | 0.15% | 113,772 | $811K | Add +4.5% |
| GLD SPDR Gold Shares | 0.15% | 2,187 | $806K | Add +3.1% |
| VYMI Vanguard Int High DVD YLD Inc. | 0.15% | 8,152 | $801K | Reduce -1.0% |
| VIGI Vanguard Int Div App Indx FD | 0.15% | 8,477 | $792K | Reduce -15.6% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.15% | 9,166 | $790K | No change |
| DUK Duke Energy Corp. | 0.15% | 6,201 | $785K | Reduce -2.4% |
| FLTR Vaneck Ig Floating Rate ETF | 0.15% | 30,588 | $783K | Reduce -5.0% |
Options reported separately and not counted above: PLTR calls ($117K), NVDA calls ($40K), PCT calls ($14K), NKE calls ($4K), TE calls ($2K), F calls ($1K).
Portfolio Sells Q1 2026 → Q2 2026
| DEXC Dimensional Em Ex Cce ETF | Reduce -76.2% | 0.79% | −2.02 |
| FNDF Schwab Fndmn Intl LRG Co. ETF | Reduce -42.7% | 2.49% | −1.87 |
| FLXR TCW Flexible Income ETF | Reduce -8.1% | 7.50% | −1.34 |
| XOM Exxon Mobil Corp. | Reduce -1.6% | 0.93% | −0.34 |
| CVX Chevron Corp. | Reduce -4.6% | 0.56% | −0.23 |
| VDE Vanguard Energy ETF | Reduce -1.4% | 0.72% | −0.19 |
| T AT&T Inc. | Reduce -1.6% | 0.27% | −0.14 |
| LHX L3HARRIS Technologies Inc. | Reduce -2.2% | 0.25% | −0.08 |
| GILD Gilead Sciences Inc. | Reduce -1.2% | 0.35% | −0.07 |
| HON Honeywell International Inc. | Reduce -0.1% | 0.06% | −0.07 |
| TTE Totalenergies SE | Reduce -5.0% | 0.20% | −0.07 |
| RTX RTX Corp. | Reduce -0.6% | 0.61% | −0.06 |
| SHYD Vaneck SH Hi YLD Muni | Reduce -44.7% | 0.06% | −0.06 |
| COST Costco Wholesale Corp. | Reduce -2.2% | 0.31% | −0.06 |
| CRM Salesforce Inc. | Reduce -0.4% | 0.17% | −0.05 |
| DEO Diageo PLC-Sponsored ADR | Sold out | 0.00% | −0.05 |
| ICE Intercontinental Exchange Inc. | Sold out | 0.00% | −0.05 |
| SLV iShares Silver Trust | Sold out | 0.00% | −0.04 |
| ISRG Intuitive Surgical Inc. | Sold out | 0.00% | −0.04 |
| SCHW Schwab (charles) Corp. | Sold out | 0.00% | −0.04 |
| PSX Phillips 66 | Sold out | 0.00% | −0.04 |
| META Meta Platforms Inc. Class A | Reduce -2.8% | 0.32% | −0.04 |
| WMT Walmart Inc. | Reduce -0.2% | 0.22% | −0.04 |
| HBAN Huntington Bancshares Inc. | Sold out | 0.00% | −0.04 |
| BMY Bristol-Myers Squibb Co. | Reduce -2.2% | 0.22% | −0.04 |
| TFC Truist Financial Corp. | Reduce -35.9% | 0.06% | −0.04 |
| VIGI Vanguard Int Div App Indx FD | Reduce -15.6% | 0.15% | −0.03 |
| PEP Pepsico Inc. | Reduce -2.6% | 0.11% | −0.03 |
| KO The Coca-Cola Co. | Reduce -17.3% | 0.13% | −0.03 |
| BUFR FT Vest Lad Buffervetf-Usd I | Reduce -27.4% | 0.07% | −0.03 |
| CME Cme Group Inc. | Reduce -3.0% | 0.05% | −0.03 |
| SMR Nuscale Power Corp. | Sold out | 0.00% | −0.02 |
| NOW ServiceNow Inc. | Reduce -18.9% | 0.06% | −0.02 |
| PG The Procter & Gamble Co. | Reduce -5.8% | 0.17% | −0.02 |
| BMO Bank of Montreal | Reduce -45.5% | 0.04% | −0.02 |
| BSV Vanguard Short-Term Bond ETF | Reduce -6.7% | 0.13% | −0.02 |
| DUK Duke Energy Corp. | Reduce -2.4% | 0.15% | −0.02 |
| O Realty Income Corp. | Reduce -4.4% | 0.17% | −0.02 |
| FLTR Vaneck Ig Floating Rate ETF | Reduce -5.0% | 0.15% | −0.02 |
| SHEL Shell PLC-ADR | Reduce -2.4% | 0.06% | −0.02 |
| XEL Xcel Energy Inc. | Reduce -21.8% | 0.05% | −0.02 |
| KMI Kinder Morgan Inc. | Reduce -3.2% | 0.09% | −0.02 |
| SO The Southern Co. | Reduce -1.9% | 0.14% | −0.02 |
| CGSD Cap Group Short Duration | Reduce -4.3% | 0.12% | −0.02 |
| NVO Novo-Nordisk A/S-Spons ADR | Reduce -29.6% | 0.08% | −0.01 |
| DIS The Walt Disney Co. | Reduce -8.2% | 0.07% | −0.01 |
| AMCR Amcor PLC | Reduce -13.6% | 0.09% | −0.01 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -1.2% | 0.26% | −0.01 |
| ALT Altimmune Inc. | Sold out | 0.00% | −0.01 |
| TJX TJX Companies Inc. | Reduce -1.1% | 0.08% | −0.01 |
Portfolio Buys Q1 2026 → Q2 2026
| TPYP Tortoise North American Pipe | Add +40.6% | 2.98% | +0.66 |
| EDIV State Street SPDR S&P Emergi | Add +43.6% | 2.35% | +0.64 |
| LVHI Franklin International Low V | Add +36.5% | 2.56% | +0.53 |
| SCHD Schwab US DVD Equity ETF | Add +10.4% | 10.13% | +0.53 |
| MOO Vaneck Agribusiness ETF | Add +48.7% | 1.54% | +0.34 |
| AMD Advanced Micro Devices | Add +11.8% | 0.34% | +0.22 |
| LLY Eli Lilly & Co. | Add +0.7% | 1.13% | +0.20 |
| AAPL Apple Inc. | Add +0.3% | 3.66% | +0.20 |
| AMZN Amazon.com Inc. | Add +4.1% | 1.64% | +0.15 |
| QCOM Qualcomm Inc. | Add +0.0% | 0.50% | +0.12 |
| SCHG Schwab US Large-Cap Growth | Add +2.6% | 1.26% | +0.12 |
| NVDA Nvidia Corp. | Add +6.7% | 0.86% | +0.10 |
| CSCO Cisco Systems Inc. | Add +0.0% | 0.34% | +0.10 |
| SPYG SS SPDR P S&P 500 Growth ETF | Add +1.6% | 0.69% | +0.08 |
| ECC Eagle Point Credit Co. | Add +168.5% | 0.14% | +0.08 |
| TXN Texas Instruments Inc. | Add +4.9% | 0.24% | +0.08 |
| ADP Automatic Data Processing | New | 0.07% | +0.07 |
| ABBV Abbvie Inc. | Add +0.2% | 0.95% | +0.06 |
| MDT Medtronic PLC | Add +168.5% | 0.11% | +0.06 |
| ANET Arista Networks Inc. | New | 0.06% | +0.06 |
| STX Seagate Technology Holdings | New | 0.05% | +0.05 |
| FANG Diamondback Energy Inc. | New | 0.05% | +0.05 |
| MKSI MKS Inc. | New | 0.05% | +0.05 |
| JBL Jabil Inc. | New | 0.05% | +0.05 |
| AWK American Water Works Co. Inc. | New | 0.05% | +0.05 |
| XLV SS Health Care Select Sector | Add +56.9% | 0.13% | +0.05 |
| DDOG Datadog Inc. Class A | New | 0.05% | +0.05 |
| SWKS Skyworks Solutions Inc. | New | 0.05% | +0.05 |
| RF Regions Financial Corp. | New | 0.05% | +0.05 |
| IBM Intl Business Machines Corp. | Add +11.5% | 0.27% | +0.04 |
| VMC Vulcan Materials Co. | New | 0.04% | +0.04 |
| PTF Invesco Dorsey Wright Tech | New | 0.04% | +0.04 |
| MRVL Marvell Technology Inc. | New | 0.04% | +0.04 |
| IGV iShares Expanded Tech-Softwa | New | 0.04% | +0.04 |
| EOT Eaton Vance National Municip | New | 0.04% | +0.04 |
| BNY Bank of New York Mellon Corp. | New | 0.04% | +0.04 |
| TSM Taiwan Semiconductor-SP ADR | Add +2.2% | 0.16% | +0.04 |
| KIM Kimco Realty Corp. | New | 0.04% | +0.04 |
| GBCI Glacier Bancorp Inc. | New | 0.04% | +0.04 |
| BKNG Booking Holdings Inc. | New | 0.04% | +0.04 |
| V Visa Inc. Class A | Add +0.3% | 0.73% | +0.04 |
| MO Altria Group Inc. | Add +6.6% | 0.44% | +0.03 |
| VLO Valero Energy Corp. | Add +11.9% | 0.23% | +0.02 |
| AMLP Alerian MLP ETF | Add +41.5% | 0.08% | +0.02 |
| JPM JPMorgan Chase & Co. | Add +0.2% | 0.59% | +0.02 |
| KMB Kimberly-Clark Corp. | Add +16.9% | 0.09% | +0.02 |
| XYL Xylem Inc. | Add +33.0% | 0.09% | +0.02 |
| XLE SS Energy Select Sector | Add +53.8% | 0.08% | +0.01 |
| SBUX Starbucks Corp. | Add +0.8% | 0.23% | +0.01 |
| TE T1 Energy Inc. | Add +0.8% | 0.02% | +0.01 |
Options Activity Q1 2026 → Q2 2026
| PLTR Palantir Technologies Inc. Class A | call | New | 1,000 | $117K |
| NVDA Nvidia Corp. | call | New | 200 | $40K |
| PCT Purecycle Technologies Inc. | call | New | 1,700 | $14K |
| NKE Nike Inc. Class B | call | New | 100 | $4K |
| TE T1 Energy Inc. | call | New | 200 | $2K |
| F Ford Motor Co. | call | New | 100 | $1K |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 254 | $529.1M | SCHD, FLXR, DFAC, VWOB, AAPL |
| Q1 2026 | 245 | $489.0M | SCHD, FLXR, DFAC, VWOB, FNDF |
| Q4 2025 | 231 | $475.8M | FLXR, SCHD, VWOB, FNDF, DFAC |
| Q2 2025 | 228 | $450.7M | FLTR, FLBL, SCHD, FNDF, VYM |
| Q1 2025 | 218 | $424.0M | FLBL, FLTR, HEQT, SCHD, FNDF |
| Q4 2024 | 220 | $383.7M | SCHD, FNDF, FLBL, VYM, AAPL |
| Q3 2024 | 219 | $368.4M | FNDF, SCHD, VYM, BIV, AAPL |
| Q2 2024 | 206 | $341.8M | BIV, VYM, SCHD, DFAC, AAPL |
| Q1 2024 | 204 | $330.4M | BIV, VYM, DFAC, SCHD, VWOB |