Keudell/Morrison Wealth Management
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 23, 2025), Keudell/Morrison Wealth Management reported 218 stock positions worth $424.0 million. Its top holding was Franklin Senior Loan ETF (FLBL) at 8.6% of the portfolio, followed by Vaneck Ig Floating Rate ETF (FLTR, 7.2%) and Simplify Hedged Equity ETF (HEQT, 5.7%). Compared with Q4 2024, it opened 17 new positions, sold out of 19, added to 90 and reduced 89. The biggest buy was a new position in Vaneck Ig Floating Rate ETF (FLTR) and the biggest sale Vanguard Intermediate-Term B (BIV, shares −95%).
- Most Recent 13F
- Q2 2026
- Location
- Salem, OR
- CIK
- 0001785498
- Portfolio Value
- $424.0M (Q1 2025)
- SEC Filing
- 0001667731-25-000495 ↗ filed Apr 23, 2025
Holdings Value
Holdings 218 stocks · $424.0M
| FLBL Franklin Senior Loan ETF | 8.62% | 1,518,039 | $36.5M | Add +80.8% |
| FLTR Vaneck Ig Floating Rate ETF | 7.17% | 1,189,488 | $30.4M | New |
| HEQT Simplify Hedged Equity ETF | 5.66% | 839,669 | $24.0M | Add +62.5% |
| SCHD Schwab US DVD Equity ETF | 5.63% | 853,043 | $23.9M | Add +6.4% |
| FNDF Schwab Fndmn Intl LRG Co. ETF | 5.33% | 625,116 | $22.6M | Reduce -1.2% |
| VYM Vanguard High DVD Yield ETF | 4.72% | 155,286 | $20.0M | Reduce -1.8% |
| GLDM SPDR Gold Minishares Trust | 3.77% | 258,252 | $16.0M | Add +7.6% |
| AAPL Apple Inc. | 3.65% | 69,687 | $15.5M | Reduce -1.0% |
| VWOB Vanguard Emerg MKTS Gov BND | 2.99% | 197,792 | $12.7M | Reduce -0.3% |
| DFAC Dimensional US Core Equity 2 | 2.70% | 347,526 | $11.5M | Reduce -15.3% |
| TPYP Managed Portfolio Series | 2.29% | 267,390 | $9.7M | Reduce -0.6% |
| MSFT Microsoft Corp. | 1.76% | 19,887 | $7.5M | Add +0.9% |
| AMZN Amazon.com Inc. | 1.40% | 31,164 | $5.9M | Add +0.9% |
| DEXC Dimensional Em Ex Cce ETF | 1.39% | 124,019 | $5.9M | Reduce -33.3% |
| GOOG Alphabet Inc. Class C | 1.24% | 33,560 | $5.2M | Reduce -1.7% |
| JMUB JPMorgan Municipal ETF | 1.18% | 100,030 | $5.0M | Reduce -0.8% |
| XOM Exxon Mobil Corp. | 1.10% | 39,096 | $4.6M | Add +5.1% |
| ABBV Abbvie Inc. | 1.09% | 21,977 | $4.6M | Add +0.7% |
| VDE Vanguard Energy ETF | 1.05% | 34,418 | $4.5M | Reduce -1.3% |
| LLY Eli Lilly & Co. | 1.04% | 5,315 | $4.4M | Add +0.1% |
| V Visa Inc. Class A | 0.99% | 11,946 | $4.2M | Reduce -0.4% |
| SCHG Schwab US Large-Cap Growth | 0.98% | 166,167 | $4.2M | Add +19.9% |
| HD Home Depot Inc. | 0.80% | 9,295 | $3.4M | Reduce -0.1% |
| PM Philip Morris International | 0.77% | 20,618 | $3.3M | Add +6.8% |
| XLK SS Technology Select Sector | 0.72% | 14,748 | $3.0M | No change |
| QQQ Invesco QQQ Trust Series 1 | 0.68% | 6,126 | $2.9M | Add +3.1% |
| CVX Chevron Corp. | 0.66% | 16,678 | $2.8M | Reduce -0.4% |
| USB US Bancorp | 0.65% | 65,190 | $2.8M | Reduce -4.1% |
| JPM JPMorgan Chase & Co. | 0.60% | 10,425 | $2.6M | Reduce -1.6% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.59% | 4,707 | $2.5M | Reduce -0.9% |
| QCOM Qualcomm Inc. | 0.58% | 15,879 | $2.4M | Add +1.4% |
| T AT&T Inc. | 0.56% | 84,659 | $2.4M | Reduce -4.2% |
| SYK Stryker Corp. | 0.54% | 6,115 | $2.3M | Reduce -0.0% |
| NVDA Nvidia Corp. | 0.53% | 20,906 | $2.3M | Add +1.2% |
| SPYG SS SPDR P S&P 500 Growth ETF | 0.53% | 28,181 | $2.3M | Add +20.3% |
| ELV Elevance Health Inc. | 0.52% | 5,095 | $2.2M | Reduce -0.3% |
| VZ Verizon Communications Inc. | 0.51% | 48,042 | $2.2M | Add +2.1% |
| RTX RTX Corp. | 0.50% | 15,888 | $2.1M | Reduce -0.5% |
| GOOGL Alphabet Inc. Class A | 0.48% | 13,274 | $2.1M | Add +5.3% |
| JMST JPM Ultra-Short Muni Income filed as J P MORGAN EXCHANGE TRADED F | 0.48% | 40,288 | $2.0M | New |
| CAT Caterpillar Inc. | 0.48% | 6,152 | $2.0M | Add +3.0% |
| COST Costco Wholesale Corp. | 0.48% | 2,136 | $2.0M | Reduce -4.2% |
| NKE Nike Inc. Class B | 0.45% | 29,861 | $1.9M | Add +10.5% |
| META Meta Platforms Inc. Class A | 0.44% | 3,254 | $1.9M | Reduce -1.4% |
| JNJ Johnson & Johnson | 0.42% | 10,781 | $1.8M | Add +0.7% |
| MO Altria Group Inc. | 0.40% | 28,539 | $1.7M | Add +6.7% |
| VIG Vanguard Dividend Apprec ETF | 0.40% | 8,805 | $1.7M | Reduce -0.5% |
| DGRO iShares Core Dividend Growth | 0.40% | 27,294 | $1.7M | Add +1.0% |
| AMGN Amgen Inc. | 0.36% | 4,943 | $1.5M | Add +8.8% |
| BUFR FT Vest Lad Buffervetf-Usd I | 0.36% | 51,463 | $1.5M | Reduce -42.5% |
| CRM Salesforce Inc. | 0.36% | 5,648 | $1.5M | Add +5.7% |
| LRCX Lam Research Corp. | 0.35% | 20,480 | $1.5M | No change |
| UNH Unitedhealth Group Inc. | 0.34% | 2,757 | $1.4M | No change |
| ORCL Oracle Corp. | 0.34% | 10,258 | $1.4M | Reduce -10.3% |
| PG The Procter & Gamble Co. | 0.31% | 7,798 | $1.3M | Reduce -1.3% |
| LTC LTC Properties Inc. filed as LTC PPTYS INC | 0.31% | 36,693 | $1.3M | Add +0.9% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.30% | 5,194 | $1.3M | Reduce -0.5% |
| BMY Bristol-Myers Squibb Co. | 0.28% | 19,648 | $1.2M | Reduce -7.4% |
| MRK Merck & Co. Inc. | 0.27% | 12,755 | $1.1M | Add +2.4% |
| DVY iShares Select Dividend ETF | 0.26% | 8,145 | $1.1M | No change |
| CSCO Cisco Systems Inc. | 0.25% | 17,484 | $1.1M | Add +1.3% |
| SBUX Starbucks Corp. | 0.25% | 10,939 | $1.1M | Add +10.9% |
| WMT Walmart Inc. | 0.23% | 11,105 | $975K | Reduce -2.6% |
| VWO Vanguard Ftse Emerging Marke | 0.22% | 20,833 | $943K | Add +3.2% |
| NFLX Netflix Inc. | 0.22% | 1,004 | $936K | Reduce -14.2% |
| SO The Southern Co. | 0.22% | 10,032 | $922K | Add +1.1% |
| LHX L3HARRIS Technologies Inc. | 0.22% | 4,396 | $920K | Add +0.2% |
| ADBE Adobe Inc. | 0.22% | 2,382 | $914K | Reduce -3.7% |
| DUK Duke Energy Corp. | 0.21% | 7,431 | $906K | Add +2.8% |
| ENB Enbridge Inc. | 0.21% | 20,441 | $906K | Add +0.1% |
| O Realty Income Corp. | 0.21% | 15,500 | $899K | Add +10.1% |
| EFA iShares MSCI Eafe ETF | 0.21% | 10,772 | $880K | Add +2.3% |
| WFC Wells Fargo & Co. | 0.21% | 12,118 | $870K | Add +6.0% |
| IWO iShares Russell 2000 Growth | 0.20% | 3,399 | $869K | No change |
| ASML ASML Holding NV-NY Reg SHS | 0.20% | 1,303 | $863K | Add +1.6% |
| ACN Accenture PLC Class A | 0.19% | 2,599 | $811K | Reduce -0.2% |
| KO The Coca-Cola Co. | 0.19% | 11,111 | $796K | Add +0.2% |
| GILD Gilead Sciences Inc. | 0.19% | 7,025 | $787K | Reduce -14.2% |
| LMT Lockheed Martin Corp. | 0.18% | 1,713 | $765K | Add +2.6% |
| TTE Totalenergies SE -Spon ADR | 0.18% | 11,818 | $764K | Add +3.4% |
| AVGO Broadcom Inc. | 0.17% | 4,414 | $739K | Reduce -5.5% |
| BIV Vanguard Intermediate-Term B | 0.17% | 9,586 | $734K | Reduce -94.8% |
| SNY Sanofi-ADR | 0.17% | 13,189 | $731K | Add +2.0% |
| MAR Marriott International Class A | 0.17% | 2,959 | $705K | Reduce -11.4% |
| SMH Vaneck Semiconductor ETF | 0.16% | 3,290 | $696K | No change |
| TXN Texas Instruments Inc. | 0.16% | 3,832 | $689K | Reduce -1.4% |
| PEP Pepsico Inc. | 0.16% | 4,553 | $683K | Reduce -0.9% |
| CCI Crown Castle Inc. | 0.16% | 6,547 | $682K | Add +6.8% |
| INTC Intel Corp. | 0.16% | 29,949 | $680K | Add +18.3% |
| GLD SPDR Gold Shares | 0.15% | 2,278 | $656K | No change |
| POR Portland General Electric Co. | 0.15% | 14,636 | $653K | Add +10.0% |
| MA Mastercard Inc. Class A | 0.15% | 1,175 | $644K | Reduce -0.1% |
| VIGI Vanguard Int Div App Indx FD | 0.15% | 7,720 | $640K | No change |
| BROS Dutch Bros Inc. Class A | 0.15% | 10,080 | $622K | Reduce -5.7% |
| BA The Boeing Co. | 0.15% | 3,625 | $618K | Reduce -9.7% |
| CMCSA Comcast Corp. Class A | 0.14% | 16,477 | $608K | Reduce -4.3% |
| CPLB Nylim Mackay Core Plus Bond filed as NEW YORK LIFE INVTS ACTIVE E | 0.14% | 28,581 | $607K | Add +6.6% |
| NGG National Grid PLC-SP ADR | 0.14% | 8,967 | $588K | Add +18.2% |
| VYMI Vanguard Int High DVD YLD Inc. | 0.13% | 7,581 | $559K | Add +5.6% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.13% | 1,494 | $554K | Add +1.4% |
Portfolio Sells Q4 2024 → Q1 2025
| BIV Vanguard Intermediate-Term B | Reduce -94.8% | 0.17% | −3.39 |
| DFAC Dimensional US Core Equity 2 | Reduce -15.3% | 2.70% | −0.99 |
| DEXC Dimensional Em Ex Cce ETF | Reduce -33.3% | 1.39% | −0.96 |
| AAPL Apple Inc. | Reduce -1.0% | 3.65% | −0.94 |
| VTEB Vanguard Tax-Exempt Bond ETF | Sold out | 0.00% | −0.61 |
| VYM Vanguard High DVD Yield ETF | Reduce -1.8% | 4.72% | −0.54 |
| GOOG Alphabet Inc. Class C | Reduce -1.7% | 1.24% | −0.46 |
| BUFR FT Vest Lad Buffervetf-Usd I | Reduce -42.5% | 0.36% | −0.35 |
| VWOB Vanguard Emerg MKTS Gov BND | Reduce -0.3% | 2.99% | −0.27 |
| USB US Bancorp | Reduce -4.1% | 0.65% | −0.20 |
| ORCL Oracle Corp. | Reduce -10.3% | 0.34% | −0.16 |
| FNDF Schwab Fndmn Intl LRG Co. ETF | Reduce -1.2% | 5.33% | −0.15 |
| HD Home Depot Inc. | Reduce -0.1% | 0.80% | −0.14 |
| JMUB JPMorgan Municipal ETF | Reduce -0.8% | 1.18% | −0.14 |
| NUBD Nuveen ESG US Aggregate Bond | Sold out | 0.00% | −0.13 |
| AVGO Broadcom Inc. | Reduce -5.5% | 0.17% | −0.11 |
| TPYP Managed Portfolio Series | Reduce -0.6% | 2.29% | −0.10 |
| NOW ServiceNow Inc. | Reduce -13.7% | 0.12% | −0.09 |
| MAR Marriott International Class A | Reduce -11.4% | 0.17% | −0.08 |
| ADBE Adobe Inc. | Reduce -3.7% | 0.22% | −0.07 |
| MS Morgan Stanley | Sold out | 0.00% | −0.07 |
| NVO Novo-Nordisk A/S-Spons ADR | Reduce -9.2% | 0.13% | −0.06 |
| TTD Trade Desk Inc./the Class A | Sold out | 0.00% | −0.06 |
| TGT Target Corp. | Sold out | 0.00% | −0.06 |
| COF Capital One Financial Corp. | Sold out | 0.00% | −0.06 |
| DDOG Datadog Inc. Class A | Sold out | 0.00% | −0.06 |
| META Meta Platforms Inc. Class A | Reduce -1.4% | 0.44% | −0.06 |
| JPM JPMorgan Chase & Co. | Reduce -1.6% | 0.60% | −0.06 |
| IWM iShares Russell 2000 ETF | Sold out | 0.00% | −0.06 |
| TSM Taiwan Semiconductor-SP ADR | Sold out | 0.00% | −0.06 |
| COST Costco Wholesale Corp. | Reduce -4.2% | 0.48% | −0.06 |
| UPST Upstart Holdings Inc. | Sold out | 0.00% | −0.06 |
| SAP Sap SE-Sponsored ADR | Sold out | 0.00% | −0.05 |
| MSCI MSCI Inc. | Sold out | 0.00% | −0.05 |
| COLB Columbia Banking System Inc. | Sold out | 0.00% | −0.05 |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | Sold out | 0.00% | −0.05 |
| ADSK Autodesk Inc. | Sold out | 0.00% | −0.05 |
| BCE Bce Inc. | Sold out | 0.00% | −0.05 |
| LOW Lowe's Cos Inc. | Sold out | 0.00% | −0.05 |
| PAYX Paychex Inc. | Sold out | 0.00% | −0.05 |
| NFLX Netflix Inc. | Reduce -14.2% | 0.22% | −0.05 |
| VDE Vanguard Energy ETF | Reduce -1.3% | 1.05% | −0.05 |
| VIG Vanguard Dividend Apprec ETF | Reduce -0.5% | 0.40% | −0.05 |
| SWKS Skyworks Solutions Inc. | Reduce -15.1% | 0.06% | −0.05 |
| ACN Accenture PLC Class A | Reduce -0.2% | 0.19% | −0.05 |
| BND Vanguard Total Bond Market | Reduce -28.2% | 0.09% | −0.04 |
| B Barrick Gold Corp. | Sold out | 0.00% | −0.04 |
| GS Goldman Sachs Group Inc. | Reduce -34.1% | 0.05% | −0.04 |
| BA The Boeing Co. | Reduce -9.7% | 0.15% | −0.04 |
| WMT Walmart Inc. | Reduce -2.6% | 0.23% | −0.04 |
Portfolio Buys Q4 2024 → Q1 2025
| FLTR Vaneck Ig Floating Rate ETF | New | 7.17% | +7.17 |
| FLBL Franklin Senior Loan ETF | Add +80.8% | 8.62% | +3.31 |
| HEQT Simplify Hedged Equity ETF | Add +62.5% | 5.66% | +1.69 |
| GLDM SPDR Gold Minishares Trust | Add +7.6% | 3.77% | +0.52 |
| JMST JPM Ultra-Short Muni Income | New | 0.48% | +0.48 |
| PM Philip Morris International | Add +6.8% | 0.77% | +0.17 |
| MDY State Street SPDR S&P Midcap | New | 0.09% | +0.09 |
| VTWO Vanguard Russell 2000 ETF | New | 0.08% | +0.08 |
| ABBV Abbvie Inc. | Add +0.7% | 1.09% | +0.07 |
| AON Aon PLC Class A | New | 0.06% | +0.06 |
| KR Kroger Co. | New | 0.06% | +0.06 |
| AMGN Amgen Inc. | Add +8.8% | 0.36% | +0.05 |
| XOM Exxon Mobil Corp. | Add +5.1% | 1.10% | +0.05 |
| CRH CRH PLC | New | 0.05% | +0.05 |
| CTAS Cintas Corp. | New | 0.05% | +0.05 |
| XYL Xylem Inc. | New | 0.05% | +0.05 |
| MCD McDonald's Corp. | New | 0.05% | +0.05 |
| SLB SLB Ltd. | New | 0.05% | +0.05 |
| CVS CVS Health Corp. | New | 0.05% | +0.05 |
| JCI Johnson Controls Internation | New | 0.05% | +0.05 |
| MCK McKesson Corp. | New | 0.05% | +0.05 |
| EQT Eqt Corp. | New | 0.05% | +0.05 |
| PBA Pembina Pipeline Corp. | New | 0.05% | +0.05 |
| MO Altria Group Inc. | Add +6.7% | 0.40% | +0.04 |
| ZTS Zoetis Inc. | Add +61.4% | 0.09% | +0.03 |
| INTC Intel Corp. | Add +18.3% | 0.16% | +0.03 |
| VZ Verizon Communications Inc. | Add +2.1% | 0.51% | +0.02 |
| NGG National Grid PLC-SP ADR | Add +18.2% | 0.14% | +0.02 |
| AMD Advanced Micro Devices | Add +63.1% | 0.10% | +0.02 |
| SBUX Starbucks Corp. | Add +10.9% | 0.25% | +0.02 |
| JNJ Johnson & Johnson | Add +0.7% | 0.42% | +0.02 |
| TTE Totalenergies SE -Spon ADR | Add +3.4% | 0.18% | +0.02 |
| O Realty Income Corp. | Add +10.1% | 0.21% | +0.02 |
| CCI Crown Castle Inc. | Add +6.8% | 0.16% | +0.02 |
| OKE Oneok Inc. | Add +30.5% | 0.10% | +0.01 |
| AMLP Alerian MLP ETF | Add +22.1% | 0.08% | +0.01 |
| PPL PPL Corp. | Add +11.5% | 0.11% | +0.01 |
| DUK Duke Energy Corp. | Add +2.8% | 0.21% | +0.01 |
| FCX Freeport-McMoran Inc. | Add +27.4% | 0.08% | +0.01 |
| SNY Sanofi-ADR | Add +2.0% | 0.17% | +0.01 |
| CKPT Checkpoint Therapeutics Inc. | New | 0.01% | +0.01 |
| WPC WP Carey Inc. | Add +9.0% | 0.07% | +0.01 |
| KO The Coca-Cola Co. | Add +0.2% | 0.19% | +0.01 |
| AEP American Electric Power | Add +0.3% | 0.10% | +0.01 |
| DIS The Walt Disney Co. | Add +35.5% | 0.09% | +0.01 |
| NVS Novartis AG-Sponsored ADR | Add +3.8% | 0.07% | +0.01 |
| SO The Southern Co. | Add +1.1% | 0.22% | +0.00 |
| VYMI Vanguard Int High DVD YLD Inc. | Add +5.6% | 0.13% | +0.00 |
| MDYG SS SPDR S&P 400 MC GR ETF | Add +28.3% | 0.07% | +0.00 |
| UL Unilever PLC | Add +11.3% | 0.06% | +0.00 |
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 |