Keudell/Morrison Wealth Management
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 22, 2025), Keudell/Morrison Wealth Management reported 228 stock positions worth $450.7 million. Its top holding was Vaneck Ig Floating Rate ETF (FLTR) at 9.1% of the portfolio, followed by Franklin Senior Loan ETF (FLBL, 8.3%) and Schwab US DVD Equity ETF (SCHD, 6.9%). Compared with Q1 2025, it opened 27 new positions, sold out of 17, added to 85 and reduced 93. The biggest buy was Vaneck Ig Floating Rate ETF (FLTR, shares +35%) and the biggest sale SPDR Gold Minishares Trust (GLDM, shares −79%).
- Most Recent 13F
- Q2 2026
- Location
- Salem, OR
- CIK
- 0001785498
- Portfolio Value
- $450.7M (Q2 2025)
- SEC Filing
- 0001667731-25-000921 ↗ filed Jul 22, 2025
Holdings Value
Holdings 228 stocks · $450.7M
| FLTR Vaneck Ig Floating Rate ETF | 9.11% | 1,609,862 | $41.1M | Add +35.3% |
| FLBL Franklin Senior Loan ETF | 8.28% | 1,539,692 | $37.3M | Add +1.4% |
| SCHD Schwab US DVD Equity ETF | 6.89% | 1,172,084 | $31.1M | Add +37.4% |
| FNDF Schwab Fndmn Intl LRG Co. ETF | 5.61% | 631,963 | $25.3M | Add +1.1% |
| VYM Vanguard High DVD Yield ETF | 4.45% | 150,324 | $20.0M | Reduce -3.2% |
| DFAC Dimensional US Core Equity 2 | 3.48% | 437,749 | $15.7M | Add +26.0% |
| HEQT Simplify Hedged Equity ETF | 3.27% | 489,872 | $14.7M | Reduce -41.7% |
| AAPL Apple Inc. | 3.04% | 66,697 | $13.7M | Reduce -4.3% |
| VWOB Vanguard Emerg MKTS Gov BND | 2.95% | 203,772 | $13.3M | Add +3.0% |
| DEXC Dimensional Em Ex Cce ETF | 2.35% | 194,051 | $10.6M | Add +56.5% |
| TPYP Tortoise North American Pipe | 2.21% | 279,374 | $10.0M | Add +4.5% |
| MSFT Microsoft Corp. | 2.08% | 18,875 | $9.4M | Reduce -5.1% |
| AMZN Amazon.com Inc. | 1.59% | 32,567 | $7.1M | Add +4.5% |
| GOOG Alphabet Inc. Class C | 1.18% | 30,030 | $5.3M | Reduce -10.5% |
| JMUB JPMorgan Municipal ETF | 1.18% | 106,948 | $5.3M | Add +6.9% |
| SCHG Schwab US Large-Cap Growth | 1.10% | 169,894 | $5.0M | Add +2.2% |
| XOM Exxon Mobil Corp. | 0.97% | 40,721 | $4.4M | Add +4.2% |
| VDE Vanguard Energy ETF | 0.92% | 34,755 | $4.1M | Add +1.0% |
| V Visa Inc. Class A | 0.91% | 11,578 | $4.1M | Reduce -3.1% |
| LLY Eli Lilly & Co. | 0.90% | 5,230 | $4.1M | Reduce -1.6% |
| ABBV Abbvie Inc. | 0.88% | 21,412 | $4.0M | Reduce -2.6% |
| XLK SS Technology Select Sector | 0.83% | 14,748 | $3.7M | No change |
| CGHM Cap Group Muni High-Income | 0.80% | 146,741 | $3.6M | New |
| GLDM SPDR Gold Minishares Trust | 0.80% | 55,173 | $3.6M | Reduce -78.6% |
| JMST JPM Ultra-Short Muni Income filed as J P MORGAN EXCHANGE TRADED F | 0.77% | 68,304 | $3.5M | Add +69.5% |
| HD Home Depot Inc. | 0.75% | 9,238 | $3.4M | Reduce -0.6% |
| QQQ Invesco QQQ Trust Series 1 | 0.73% | 5,943 | $3.3M | Reduce -3.0% |
| NVDA Nvidia Corp. | 0.69% | 19,724 | $3.1M | Reduce -5.7% |
| PM Philip Morris International | 0.66% | 16,249 | $3.0M | Reduce -21.2% |
| USB US Bancorp | 0.65% | 64,670 | $2.9M | Reduce -0.8% |
| JPM JPMorgan Chase & Co. | 0.61% | 9,484 | $2.7M | Reduce -9.0% |
| SPYG SS SPDR P S&P 500 Growth ETF | 0.60% | 28,185 | $2.7M | Add +0.0% |
| RTX RTX Corp. | 0.56% | 17,248 | $2.5M | Add +8.6% |
| CVX Chevron Corp. | 0.55% | 17,225 | $2.5M | Add +3.3% |
| META Meta Platforms Inc. Class A | 0.55% | 3,331 | $2.5M | Add +2.4% |
| SYK Stryker Corp. | 0.53% | 6,086 | $2.4M | Reduce -0.5% |
| QCOM Qualcomm Inc. | 0.52% | 14,595 | $2.3M | Reduce -8.1% |
| CAT Caterpillar Inc. | 0.51% | 5,978 | $2.3M | Reduce -2.8% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.50% | 4,684 | $2.3M | Reduce -0.5% |
| GOOGL Alphabet Inc. Class A | 0.50% | 12,754 | $2.2M | Reduce -3.9% |
| VZ Verizon Communications Inc. | 0.49% | 51,185 | $2.2M | Add +6.5% |
| T AT&T Inc. | 0.48% | 74,963 | $2.2M | Reduce -11.4% |
| NKE Nike Inc. Class B | 0.48% | 30,445 | $2.2M | Add +2.0% |
| ORCL Oracle Corp. | 0.48% | 9,845 | $2.2M | Reduce -4.0% |
| COST Costco Wholesale Corp. | 0.46% | 2,105 | $2.1M | Reduce -1.4% |
| LRCX Lam Research Corp. | 0.44% | 20,525 | $2.0M | Add +0.2% |
| ELV Elevance Health Inc. | 0.43% | 5,013 | $1.9M | Reduce -1.6% |
| CRM Salesforce Inc. | 0.43% | 7,054 | $1.9M | Add +24.9% |
| DGRO iShares Core Dividend Growth | 0.39% | 27,144 | $1.7M | Reduce -0.6% |
| BUFR FT Vest Lad Buffervetf-Usd I | 0.38% | 53,678 | $1.7M | Add +4.3% |
| VIG Vanguard Dividend Apprec ETF | 0.37% | 8,250 | $1.7M | Reduce -6.3% |
| MO Altria Group Inc. | 0.35% | 27,014 | $1.6M | Reduce -5.3% |
| JNJ Johnson & Johnson | 0.34% | 10,072 | $1.5M | Reduce -6.6% |
| AMGN Amgen Inc. | 0.33% | 5,295 | $1.5M | Add +7.1% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.32% | 4,949 | $1.5M | Reduce -4.7% |
| NFLX Netflix Inc. | 0.29% | 962 | $1.3M | Reduce -4.2% |
| LTC LTC Properties Inc. filed as LTC PPTYS INC | 0.27% | 35,513 | $1.2M | Reduce -3.2% |
| AVGO Broadcom Inc. | 0.26% | 4,260 | $1.2M | Reduce -3.5% |
| PG The Procter & Gamble Co. | 0.25% | 7,096 | $1.1M | Reduce -9.0% |
| LHX L3HARRIS Technologies Inc. | 0.25% | 4,504 | $1.1M | Add +2.5% |
| DVY iShares Select Dividend ETF | 0.24% | 8,224 | $1.1M | Add +1.0% |
| WMT Walmart Inc. | 0.24% | 10,872 | $1.1M | Reduce -2.1% |
| SBUX Starbucks Corp. | 0.23% | 11,542 | $1.1M | Add +5.5% |
| ASML ASML Holding NV-NY Reg SHS | 0.23% | 1,313 | $1.1M | Add +0.8% |
| CSCO Cisco Systems Inc. | 0.23% | 15,060 | $1.0M | Reduce -13.9% |
| UNH Unitedhealth Group Inc. | 0.23% | 3,289 | $1.0M | Add +19.3% |
| EFA iShares MSCI Eafe ETF | 0.22% | 11,032 | $986K | Add +2.4% |
| WFC Wells Fargo & Co. | 0.22% | 12,146 | $973K | Add +0.2% |
| IWO iShares Russell 2000 Growth | 0.22% | 3,399 | $972K | No change |
| O Realty Income Corp. | 0.21% | 16,752 | $965K | Add +8.1% |
| VWO Vanguard Ftse Emerging Marke | 0.21% | 19,260 | $953K | Reduce -7.5% |
| MRK Merck & Co. Inc. | 0.21% | 11,939 | $945K | Reduce -6.4% |
| ADBE Adobe Inc. | 0.20% | 2,385 | $923K | Add +0.1% |
| ENB Enbridge Inc. | 0.20% | 20,247 | $918K | Reduce -0.9% |
| SMH Vaneck Semiconductor ETF | 0.20% | 3,290 | $918K | No change |
| TXN Texas Instruments Inc. | 0.19% | 4,024 | $835K | Add +5.0% |
| LMT Lockheed Martin Corp. | 0.18% | 1,770 | $820K | Add +3.3% |
| MAR Marriott International Class A | 0.18% | 2,959 | $808K | No change |
| SO The Southern Co. | 0.18% | 8,781 | $806K | Reduce -12.5% |
| DUK Duke Energy Corp. | 0.18% | 6,758 | $797K | Reduce -9.1% |
| ACN Accenture PLC Class A | 0.17% | 2,575 | $770K | Reduce -0.9% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.17% | 1,505 | $767K | Add +9.0% |
| PLTR Palantir Technologies Inc. Class A | 0.17% | 5,607 | $764K | Add +2.6% |
| BA The Boeing Co. | 0.16% | 3,512 | $736K | Reduce -3.1% |
| NOW ServiceNow Inc. | 0.16% | 714 | $734K | Add +8.5% |
| TTE Totalenergies SE -Spon ADR | 0.16% | 11,865 | $728K | Add +0.4% |
| KO The Coca-Cola Co. | 0.16% | 10,276 | $727K | Reduce -7.5% |
| CCI Crown Castle Inc. | 0.16% | 7,009 | $720K | Add +7.1% |
| NVO Novo-Nordisk A/S-Spons ADR | 0.16% | 10,234 | $706K | Add +31.9% |
| VIGI Vanguard Int Div App Indx FD | 0.16% | 7,783 | $701K | Add +0.8% |
| INTC Intel Corp. | 0.15% | 30,804 | $690K | Add +2.9% |
| PEP Pepsico Inc. | 0.15% | 5,163 | $682K | Add +13.4% |
| BROS Dutch Bros Inc. Class A | 0.15% | 9,820 | $671K | Reduce -2.6% |
| NGG National Grid PLC-SP ADR | 0.15% | 8,922 | $664K | Reduce -0.5% |
| GLD SPDR Gold Shares | 0.15% | 2,170 | $661K | Reduce -4.7% |
| MA Mastercard Inc. Class A | 0.15% | 1,174 | $660K | Reduce -0.1% |
| CM Can Imperial BK of Commerce filed as CANADIAN IMPERIAL BK COMM | 0.15% | 9,287 | $658K | Reduce -2.1% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.15% | 1,498 | $657K | Add +0.3% |
| SNY Sanofi-ADR | 0.14% | 13,457 | $650K | Add +2.0% |
| BMY Bristol-Myers Squibb Co. | 0.14% | 14,005 | $648K | Reduce -28.7% |
Portfolio Sells Q1 2025 → Q2 2025
| GLDM SPDR Gold Minishares Trust | Reduce -78.6% | 0.80% | −2.97 |
| HEQT Simplify Hedged Equity ETF | Reduce -41.7% | 3.27% | −2.39 |
| AAPL Apple Inc. | Reduce -4.3% | 3.04% | −0.61 |
| VYM Vanguard High DVD Yield ETF | Reduce -3.2% | 4.45% | −0.28 |
| ABBV Abbvie Inc. | Reduce -2.6% | 0.88% | −0.20 |
| BMY Bristol-Myers Squibb Co. | Reduce -28.7% | 0.14% | −0.14 |
| LLY Eli Lilly & Co. | Reduce -1.6% | 0.90% | −0.13 |
| PM Philip Morris International | Reduce -21.2% | 0.66% | −0.12 |
| ELV Elevance Health Inc. | Reduce -1.6% | 0.43% | −0.09 |
| BND Vanguard Total Bond Market | Sold out | 0.00% | −0.09 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -0.5% | 0.50% | −0.09 |
| T AT&T Inc. | Reduce -11.4% | 0.48% | −0.08 |
| JNJ Johnson & Johnson | Reduce -6.6% | 0.34% | −0.08 |
| V Visa Inc. Class A | Reduce -3.1% | 0.91% | −0.08 |
| BIV Vanguard Intermediate-Term B | Reduce -38.6% | 0.10% | −0.07 |
| NXPI NXP Semiconductors NV | Sold out | 0.00% | −0.07 |
| GILD Gilead Sciences Inc. | Reduce -30.0% | 0.12% | −0.06 |
| PG The Procter & Gamble Co. | Reduce -9.0% | 0.25% | −0.06 |
| AON Aon PLC Class A | Sold out | 0.00% | −0.06 |
| TMUS T-Mobile US Inc. | Sold out | 0.00% | −0.06 |
| UBER Uber Technologies Inc. | Sold out | 0.00% | −0.06 |
| MRK Merck & Co. Inc. | Reduce -6.4% | 0.21% | −0.06 |
| QCOM Qualcomm Inc. | Reduce -8.1% | 0.52% | −0.06 |
| ETR Entergy Corp. | Sold out | 0.00% | −0.06 |
| ARE Alexandria Real Estate Equit | Sold out | 0.00% | −0.06 |
| GOOG Alphabet Inc. Class C | Reduce -10.5% | 1.18% | −0.05 |
| TMO Thermo Fisher Scientific Inc. | Reduce -32.2% | 0.06% | −0.05 |
| CRH CRH PLC | Sold out | 0.00% | −0.05 |
| MO Altria Group Inc. | Reduce -5.3% | 0.35% | −0.05 |
| MCD McDonald's Corp. | Sold out | 0.00% | −0.05 |
| HD Home Depot Inc. | Reduce -0.6% | 0.75% | −0.05 |
| SLB SLB Ltd. | Sold out | 0.00% | −0.05 |
| CVS CVS Health Corp. | Sold out | 0.00% | −0.05 |
| OXY Occidental Petroleum Corp. | Sold out | 0.00% | −0.05 |
| GIS General Mills Inc. | Sold out | 0.00% | −0.05 |
| PBA Pembina Pipeline Corp. | Sold out | 0.00% | −0.05 |
| MDY State Street SPDR S&P Midcap | Reduce -44.0% | 0.05% | −0.04 |
| VTWO Vanguard Russell 2000 ETF | Reduce -46.9% | 0.05% | −0.04 |
| SO The Southern Co. | Reduce -12.5% | 0.18% | −0.04 |
| MMU Western Asset Managed Munici | Sold out | 0.00% | −0.04 |
| DUK Duke Energy Corp. | Reduce -9.1% | 0.18% | −0.04 |
| LTC LTC Properties Inc. | Reduce -3.2% | 0.27% | −0.03 |
| LYB Lyondellbasell Indu Class A | Reduce -13.1% | 0.06% | −0.03 |
| VIG Vanguard Dividend Apprec ETF | Reduce -6.3% | 0.37% | −0.03 |
| POR Portland General Electric Co. | Reduce -4.3% | 0.13% | −0.03 |
| KO The Coca-Cola Co. | Reduce -7.5% | 0.16% | −0.03 |
| EPD Enterprise Products Partners | Reduce -6.1% | 0.09% | −0.02 |
| CSCO Cisco Systems Inc. | Reduce -13.9% | 0.23% | −0.02 |
| FISV Fiserv Inc. | Reduce -2.7% | 0.06% | −0.02 |
| PPL PPL Corp. | Reduce -8.5% | 0.09% | −0.02 |
Portfolio Buys Q1 2025 → Q2 2025
| FLTR Vaneck Ig Floating Rate ETF | Add +35.3% | 9.11% | +1.94 |
| SCHD Schwab US DVD Equity ETF | Add +37.4% | 6.89% | +1.27 |
| DEXC Dimensional Em Ex Cce ETF | Add +56.5% | 2.35% | +0.96 |
| CGHM Cap Group Muni High-Income | New | 0.80% | +0.80 |
| DFAC Dimensional US Core Equity 2 | Add +26.0% | 3.48% | +0.78 |
| JMST JPM Ultra-Short Muni Income | Add +69.5% | 0.77% | +0.29 |
| FNDF Schwab Fndmn Intl LRG Co. ETF | Add +1.1% | 5.61% | +0.28 |
| AMZN Amazon.com Inc. | Add +4.5% | 1.59% | +0.19 |
| PFN PIMCO Income Strategy FD II | New | 0.13% | +0.13 |
| SCHG Schwab US Large-Cap Growth | Add +2.2% | 1.10% | +0.12 |
| BTI British American Tob-SP ADR | New | 0.12% | +0.12 |
| META Meta Platforms Inc. Class A | Add +2.4% | 0.55% | +0.10 |
| GSK GSK PLC-Spon ADR | New | 0.10% | +0.10 |
| LRCX Lam Research Corp. | Add +0.2% | 0.44% | +0.09 |
| BLV Vanguard Long-Term Bond ETF | New | 0.08% | +0.08 |
| MPLX MPLX LP | New | 0.07% | +0.07 |
| KYMR Kymera Therapeutics Inc. | New | 0.07% | +0.07 |
| CRM Salesforce Inc. | Add +24.9% | 0.43% | +0.07 |
| RTX RTX Corp. | Add +8.6% | 0.56% | +0.06 |
| FE Firstenergy Corp. | New | 0.06% | +0.06 |
| SPYG SS SPDR P S&P 500 Growth ETF | Add +0.0% | 0.60% | +0.06 |
| PLTR Palantir Technologies Inc. Class A | Add +2.6% | 0.17% | +0.06 |
| DDOG Datadog Inc. Class A | New | 0.06% | +0.06 |
| CLOX Eldridge Aaa Clo ETF | New | 0.06% | +0.06 |
| OIA Invesco Municipal Income Opp | New | 0.06% | +0.06 |
| CRWD CrowdStrike Holdings Inc. Class A | Add +9.0% | 0.17% | +0.06 |
| INTU Intuit Inc. | New | 0.05% | +0.05 |
| TSM Taiwan Semiconductor-SP ADR | New | 0.05% | +0.05 |
| FLS Flowserve Corp. | New | 0.05% | +0.05 |
| MS Morgan Stanley | New | 0.05% | +0.05 |
| ETN Eaton Corp. PLC | New | 0.05% | +0.05 |
| UPST Upstart Holdings Inc. | New | 0.05% | +0.05 |
| VGT Vanguard Info Tech ETF | Add +53.5% | 0.11% | +0.05 |
| MU Micron Technology Inc. | New | 0.05% | +0.05 |
| IWM iShares Russell 2000 ETF | New | 0.05% | +0.05 |
| IDXX Idexx Laboratories Inc. | New | 0.05% | +0.05 |
| ADSK Autodesk Inc. | New | 0.05% | +0.05 |
| TEL Te Connectivity PLC | New | 0.05% | +0.05 |
| COF Capital One Financial Corp. | New | 0.05% | +0.05 |
| APP AppLovin Corp. Class A | New | 0.05% | +0.05 |
| MSCI MSCI Inc. | New | 0.04% | +0.04 |
| NOW ServiceNow Inc. | Add +8.5% | 0.16% | +0.04 |
| EOT Eaton Vance National Municip | Add +105.2% | 0.08% | +0.04 |
| OKE Oneok Inc. | Add +74.8% | 0.14% | +0.04 |
| LHX L3HARRIS Technologies Inc. | Add +2.5% | 0.25% | +0.03 |
| NKE Nike Inc. Class B | Add +2.0% | 0.48% | +0.03 |
| ASML ASML Holding NV-NY Reg SHS | Add +0.8% | 0.23% | +0.03 |
| NVO Novo-Nordisk A/S-Spons ADR | Add +31.9% | 0.16% | +0.03 |
| RSP Invesco S&P 500 Equal Weight | Add +27.3% | 0.14% | +0.03 |
| PNC PNC Financial Services Group | Add +33.3% | 0.11% | +0.03 |
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 |