Keudell/Morrison Wealth Management
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 6, 2026), Keudell/Morrison Wealth Management reported 231 stock positions worth $475.8 million. Its top holding was TCW Flexible Income ETF (FLXR) at 9.9% of the portfolio, followed by Schwab US DVD Equity ETF (SCHD, 9.2%) and Vanguard Emerg MKTS Gov BND (VWOB, 4.2%).
- Most Recent 13F
- Q2 2026
- Location
- Salem, OR
- CIK
- 0001785498
- Portfolio Value
- $475.8M (Q4 2025)
- SEC Filing
- 0002085853-26-000218 ↗ filed Feb 6, 2026
Holdings Value
Holdings 231 stocks · $475.8M
| FLXR TCW Flexible Income ETF | 9.86% | 1,184,988 | $46.9M | — |
| SCHD Schwab US DVD Equity ETF | 9.20% | 1,595,818 | $43.8M | — |
| VWOB Vanguard Emerg MKTS Gov BND | 4.16% | 293,514 | $19.8M | — |
| FNDF Schwab Fndmn Intl LRG Co. ETF | 4.12% | 433,575 | $19.6M | — |
| DFAC Dimensional US Core Equity 2 | 3.76% | 452,125 | $17.9M | — |
| AAPL Apple Inc. | 3.75% | 65,575 | $17.8M | — |
| HEQT Simplify Hedged Equity ETF | 3.48% | 517,138 | $16.6M | — |
| DEXC Dimensional Em Ex Cce ETF | 2.75% | 216,004 | $13.1M | — |
| TPYP Tortoise North American Pipe | 2.29% | 309,157 | $10.9M | — |
| VYM Vanguard High DVD Yield ETF | 2.25% | 74,511 | $10.7M | — |
| MSFT Microsoft Corp. | 2.01% | 19,787 | $9.6M | — |
| GOOG Alphabet Inc. Class C | 1.93% | 29,301 | $9.2M | — |
| LVHI Franklin International Low V | 1.86% | 241,000 | $8.9M | — |
| VNQ Vanguard Real Estate ETF | 1.86% | 100,090 | $8.9M | — |
| JMUB JPMorgan Municipal ETF | 1.83% | 172,577 | $8.7M | — |
| AMZN Amazon.com Inc. | 1.66% | 34,122 | $7.9M | — |
| SCHG Schwab US Large-Cap Growth | 1.25% | 182,825 | $6.0M | — |
| CGHM Cap Group Muni High-Income | 1.18% | 219,909 | $5.6M | — |
| LLY Eli Lilly & Co. | 1.16% | 5,149 | $5.5M | — |
| XOM Exxon Mobil Corp. | 0.97% | 38,301 | $4.6M | — |
| ABBV Abbvie Inc. | 0.96% | 19,963 | $4.6M | — |
| VDE Vanguard Energy ETF | 0.94% | 35,558 | $4.5M | — |
| XLK SS Technology Select Sector | 0.91% | 30,196 | $4.3M | — |
| V Visa Inc. Class A | 0.84% | 11,400 | $4.0M | — |
| NVDA Nvidia Corp. | 0.83% | 21,128 | $3.9M | — |
| GOOGL Alphabet Inc. Class A | 0.82% | 12,412 | $3.9M | — |
| QQQ Invesco QQQ Trust Series 1 | 0.81% | 6,262 | $3.8M | — |
| LRCX Lam Research Corp. | 0.75% | 20,753 | $3.6M | — |
| CAT Caterpillar Inc. | 0.72% | 5,983 | $3.4M | — |
| HD Home Depot Inc. | 0.67% | 9,227 | $3.2M | — |
| SPYG SS SPDR P S&P 500 Growth ETF | 0.67% | 29,726 | $3.2M | — |
| RTX RTX Corp. | 0.66% | 17,209 | $3.2M | — |
| PM Philip Morris International | 0.62% | 18,440 | $3.0M | — |
| JPM JPMorgan Chase & Co. | 0.60% | 8,884 | $2.9M | — |
| USB US Bancorp | 0.60% | 53,527 | $2.9M | — |
| CVX Chevron Corp. | 0.57% | 17,687 | $2.7M | — |
| QCOM Qualcomm Inc. | 0.51% | 14,207 | $2.4M | — |
| VZ Verizon Communications Inc. | 0.46% | 53,295 | $2.2M | — |
| SYK Stryker Corp. | 0.45% | 6,105 | $2.1M | — |
| META Meta Platforms Inc. Class A | 0.44% | 3,142 | $2.1M | — |
| GILD Gilead Sciences Inc. | 0.41% | 16,022 | $2.0M | — |
| NKE Nike Inc. Class B | 0.41% | 30,312 | $1.9M | — |
| VIG Vanguard Dividend Apprec ETF | 0.39% | 8,503 | $1.9M | — |
| JNJ Johnson & Johnson | 0.38% | 8,722 | $1.8M | — |
| ORCL Oracle Corp. | 0.38% | 9,257 | $1.8M | — |
| DGRO iShares Core Dividend Growth | 0.38% | 25,924 | $1.8M | — |
| ELV Elevance Health Inc. | 0.37% | 5,033 | $1.8M | — |
| AMGN Amgen Inc. | 0.37% | 5,356 | $1.8M | — |
| MO Altria Group Inc. | 0.37% | 30,321 | $1.7M | — |
| CRM Salesforce Inc. | 0.36% | 6,555 | $1.7M | — |
| T AT&T Inc. | 0.34% | 64,430 | $1.6M | — |
| AVGO Broadcom Inc. | 0.33% | 4,481 | $1.6M | — |
| COST Costco Wholesale Corp. | 0.32% | 1,757 | $1.5M | — |
| BRK.B Berkshire Hathaway Inc. Class B | 0.31% | 2,910 | $1.5M | — |
| ASML ASML Holding NV-NY Reg SHS | 0.29% | 1,310 | $1.4M | — |
| JMST JPM Ultra-Short Muni Income filed as J P MORGAN EXCHANGE TRADED F | 0.29% | 27,304 | $1.4M | — |
| LTC LTC Properties Inc. filed as LTC PPTYS INC | 0.29% | 39,689 | $1.4M | — |
| LHX L3HARRIS Technologies Inc. | 0.28% | 4,600 | $1.4M | — |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.28% | 4,543 | $1.3M | — |
| MRK Merck & Co. Inc. | 0.28% | 12,657 | $1.3M | — |
| FLTR Vaneck Ig Floating Rate ETF | 0.26% | 49,023 | $1.2M | — |
| BMY Bristol-Myers Squibb Co. | 0.26% | 23,109 | $1.2M | — |
| DVY iShares Select Dividend ETF | 0.25% | 8,449 | $1.2M | — |
| SMH Vaneck Semiconductor ETF | 0.25% | 3,290 | $1.2M | — |
| CSCO Cisco Systems Inc. | 0.24% | 15,005 | $1.2M | — |
| EFA iShares MSCI Eafe ETF | 0.24% | 11,738 | $1.1M | — |
| WMT Walmart Inc. | 0.24% | 10,072 | $1.1M | — |
| VWO Vanguard Ftse Emerging Marke | 0.23% | 20,570 | $1.1M | — |
| IWO iShares Russell 2000 Growth | 0.23% | 3,399 | $1.1M | — |
| SBUX Starbucks Corp. | 0.22% | 12,559 | $1.1M | — |
| PLTR Palantir Technologies Inc. Class A | 0.22% | 5,889 | $1.0M | — |
| WFC Wells Fargo & Co. | 0.22% | 11,227 | $1.0M | — |
| O Realty Income Corp. | 0.22% | 18,394 | $1.0M | — |
| ENB Enbridge Inc. | 0.22% | 21,529 | $1.0M | — |
| VIGI Vanguard Int Div App Indx FD | 0.21% | 10,769 | $985K | — |
| TTE Totalenergies SE | 0.19% | 14,075 | $921K | — |
| MAR Marriott International Class A | 0.19% | 2,959 | $918K | — |
| INTC Intel Corp. | 0.19% | 24,587 | $907K | — |
| GLDM SPDR Gold Minishares Trust | 0.19% | 10,442 | $891K | — |
| PG The Procter & Gamble Co. | 0.19% | 6,213 | $890K | — |
| NFLX Netflix Inc. | 0.18% | 9,369 | $878K | — |
| RSP Invesco S&P 500 Equal Weight | 0.18% | 4,584 | $878K | — |
| GLD SPDR Gold Shares | 0.18% | 2,122 | $841K | — |
| OKE Oneok Inc. | 0.17% | 11,307 | $831K | — |
| LMT Lockheed Martin Corp. | 0.17% | 1,713 | $829K | — |
| CRWD CrowdStrike Holdings Inc. Class A | 0.17% | 1,729 | $810K | — |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.17% | 1,653 | $806K | — |
| TXN Texas Instruments Inc. | 0.17% | 4,639 | $805K | — |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.17% | 1,172 | $799K | — |
| UNH Unitedhealth Group Inc. | 0.17% | 2,412 | $796K | — |
| BA The Boeing Co. | 0.17% | 3,621 | $786K | — |
| ADBE Adobe Inc. | 0.16% | 2,161 | $756K | — |
| DUK Duke Energy Corp. | 0.16% | 6,360 | $745K | — |
| VYMI Vanguard Int High DVD YLD Inc. | 0.16% | 8,210 | $739K | — |
| BIV Vanguard Intermediate-Term B | 0.16% | 9,483 | $739K | — |
| KO The Coca-Cola Co. | 0.15% | 10,288 | $719K | — |
| PFN PIMCO Income Strategy FD II | 0.15% | 93,690 | $703K | — |
| NGG National Grid PLC-SP ADR | 0.15% | 9,050 | $700K | — |
| SO The Southern Co. | 0.14% | 7,849 | $684K | — |
| BTI British American Tob-SP ADR | 0.14% | 11,908 | $674K | — |
| PEP Pepsico Inc. | 0.14% | 4,694 | $674K | — |
| EMXC iShares MSCI Emr MRK Ex Chna | 0.14% | 9,203 | $669K | — |
| MA Mastercard Inc. Class A | 0.14% | 1,140 | $651K | — |
| BUFR FT Vest Lad Buffervetf-Usd I | 0.14% | 18,750 | $642K | — |
| VLO Valero Energy Corp. | 0.13% | 3,930 | $640K | — |
| BSV Vanguard Short-Term Bond ETF | 0.13% | 8,023 | $632K | — |
| AXP American Express Co. | 0.13% | 1,707 | $632K | — |
| UNP Union Pacific Corp. | 0.13% | 2,679 | $620K | — |
| POR Portland General Electric Co. | 0.13% | 12,678 | $608K | — |
| AMD Advanced Micro Devices | 0.13% | 2,834 | $607K | — |
| SNY Sanofi-ADR | 0.13% | 12,308 | $596K | — |
| FLBL Franklin Senior Loan ETF | 0.12% | 25,168 | $589K | — |
| ACN Accenture PLC Class A | 0.12% | 2,178 | $584K | — |
| VGT Vanguard Info Tech ETF | 0.12% | 775 | $584K | — |
| SHOP Shopify Inc. Class A | 0.12% | 3,580 | $576K | — |
| CM Can Imperial BK of Commerce filed as CANADIAN IMPERIAL BANK OF CO | 0.12% | 6,353 | $576K | — |
| IEFA iShares Core MSCI Eafe ETF | 0.12% | 6,370 | $570K | — |
| PNC PNC Financial Services Group | 0.12% | 2,710 | $566K | — |
| FCX Freeport-McMoran Inc. | 0.12% | 10,902 | $554K | — |
| BLV Vanguard Long-Term Bond ETF | 0.12% | 7,963 | $554K | — |
| BROS Dutch Bros Inc. Class A | 0.12% | 8,959 | $548K | — |
| NOW ServiceNow Inc. | 0.11% | 3,560 | $545K | — |
| IWN iShares Russell 2000 Value E | 0.11% | 3,000 | $544K | — |
| UPS United Parcel Service Class B | 0.11% | 5,386 | $534K | — |
| CPLB Nylim Mackay Core Plus Bond filed as NEW YORK LIFE INVTS ACTIVE E | 0.11% | 25,120 | $533K | — |
| TFC Truist Financial Corp. | 0.11% | 10,763 | $530K | — |
| KMI Kinder Morgan Inc. | 0.11% | 19,243 | $529K | — |
| HON Honeywell International Inc. | 0.11% | 2,649 | $517K | — |
| KYMR Kymera Therapeutics Inc. | 0.11% | 6,600 | $514K | — |
| VUSB Vanguard Ultra Short Bond Et | 0.10% | 10,000 | $498K | — |
| TRP TC Energy Corp. | 0.10% | 8,903 | $490K | — |
| PFE Pfizer Inc. | 0.10% | 19,628 | $489K | — |
| TSLA Tesla Inc. | 0.10% | 1,068 | $480K | — |
| IWF iShares Russell 1000 Growth | 0.10% | 1,011 | $479K | — |
| C Citigroup Inc. | 0.10% | 4,076 | $476K | — |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.10% | 8,617 | $474K | — |
| GSK GSK PLC-Spon ADR | 0.10% | 9,644 | $473K | — |
| CMCSA Comcast Corp. Class A | 0.10% | 15,491 | $463K | — |
| REGN Regeneron Pharmaceuticals | 0.10% | 594 | $459K | — |
| PANW Palo Alto Networks Inc. | 0.09% | 2,451 | $451K | — |
| EPD Enterprise Products Partners | 0.09% | 14,048 | $450K | — |
| SHYD Vaneck SH Hi YLD Muni | 0.09% | 19,515 | $447K | — |
| ABT Abbott Laboratories | 0.09% | 3,540 | $443K | — |
| AZN Astrazeneca PLC-Spons ADR | 0.09% | 4,789 | $440K | — |
| URA Global X Uranium ETF | 0.09% | 10,300 | $440K | — |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.09% | 3,866 | $440K | — |
| XLV SS Health Care Select Sector | 0.09% | 2,837 | $439K | — |
| UL Unilever PLC-Sponsored ADR | 0.09% | 6,710 | $439K | — |
| ARGX Argenx SE - ADR | 0.09% | 506 | $426K | — |
| APP AppLovin Corp. Class A | 0.09% | 618 | $416K | — |
| NVO Novo-Nordisk A/S-Spons ADR | 0.09% | 8,149 | $415K | — |
| SPSM SS SPDR P S&P 600 Small Cap | 0.08% | 8,532 | $400K | — |
| ABNB Airbnb Inc. Class A | 0.08% | 2,941 | $399K | — |
| MDY State Street SPDR S&P Midcap | 0.08% | 658 | $397K | — |
| PPL PPL Corp. | 0.08% | 11,259 | $394K | — |
| PLD Prologis Inc. | 0.08% | 3,067 | $392K | — |
| OHI Omega Healthcare Investors | 0.08% | 8,715 | $386K | — |
| TSM Taiwan Semiconductor-SP ADR | 0.08% | 1,265 | $384K | — |
| AMCR Amcor PLC | 0.08% | 45,966 | $383K | — |
| DGX Quest Diagnostics Inc. | 0.08% | 2,196 | $381K | — |
| AEP American Electric Power | 0.08% | 3,286 | $379K | — |
| XEL Xcel Energy Inc. | 0.08% | 5,099 | $377K | — |
| PMM Franklin Managed Municipal I | 0.08% | 59,600 | $374K | — |
| MUA BlackRock Muniassets Fund | 0.08% | 34,441 | $369K | — |
| FE Firstenergy Corp. | 0.08% | 8,164 | $366K | — |
| GS Goldman Sachs Group Inc. | 0.08% | 411 | $361K | — |
| XYZ Block Inc. | 0.07% | 5,395 | $351K | — |
| IWD iShares Russell 1000 Value E | 0.07% | 1,654 | $348K | — |
| BMO Bank of Montreal filed as BANK MONTREAL QUE | 0.07% | 2,680 | $348K | — |
| MPLX MPLX LP | 0.07% | 6,500 | $347K | — |
| CDNS Cadence Design SYS Inc. | 0.07% | 1,102 | $344K | — |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.07% | 2,167 | $333K | — |
| COF Capital One Financial Corp. | 0.07% | 1,327 | $322K | — |
| JCI Johnson Controls Internation | 0.07% | 2,651 | $317K | — |
| MU Micron Technology Inc. | 0.07% | 1,106 | $316K | — |
| IWM iShares Russell 2000 ETF | 0.07% | 1,272 | $313K | — |
| XYL Xylem Inc. | 0.07% | 2,292 | $312K | — |
| FLS Flowserve Corp. | 0.06% | 4,338 | $301K | — |
| MCK McKesson Corp. | 0.06% | 363 | $298K | — |
| GWW WW Grainger Inc. | 0.06% | 291 | $294K | — |
| MDYG SS SPDR S&P 400 MC GR ETF | 0.06% | 3,171 | $293K | — |
| ISRG Intuitive Surgical Inc. | 0.06% | 517 | $293K | — |
| PCT Purecycle Technologies Inc. | 0.06% | 33,925 | $291K | — |
| KR Kroger Co. | 0.06% | 4,645 | $290K | — |
| KMB Kimberly-Clark Corp. | 0.06% | 2,872 | $290K | — |
| XME SS SPDR S&P Metals Mining | 0.06% | 2,795 | $290K | — |
| VRTX Vertex Pharmaceuticals Inc. | 0.06% | 612 | $277K | — |
| NVS Novartis AG-Sponsored ADR | 0.06% | 2,008 | $277K | — |
| DEO Diageo PLC-Sponsored ADR | 0.06% | 3,178 | $274K | — |
| WPC WP Carey Inc. | 0.06% | 4,150 | $267K | — |
| ITB iShares U.S. Home Constructi | 0.06% | 2,767 | $266K | — |
| IDXX Idexx Laboratories Inc. | 0.06% | 392 | $265K | — |
| SHEL Shell PLC-ADR | 0.06% | 3,584 | $263K | — |
| TEL Te Connectivity PLC | 0.05% | 1,146 | $261K | — |
| TMO Thermo Fisher Scientific Inc. | 0.05% | 446 | $258K | — |
| PAYC Paycom Software Inc. | 0.05% | 1,607 | $256K | — |
| CME Cme Group Inc. | 0.05% | 936 | $256K | — |
| EQIN Columbia US Eqty Inc. ETF | 0.05% | 5,339 | $254K | — |
| LII Lennox International Inc. | 0.05% | 518 | $252K | — |
| AMLP Alerian MLP ETF | 0.05% | 5,302 | $249K | — |
| MFC Manulife Financial Corp. | 0.05% | 6,851 | $249K | — |
| APH Amphenol Corp. Class A | 0.05% | 1,836 | $248K | — |
| WY Weyerhaeuser Co. | 0.05% | 10,384 | $246K | — |
| ESGV Vanguard ESG US Stock ETF | 0.05% | 2,010 | $243K | — |
| VTWO Vanguard Russell 2000 ETF | 0.05% | 2,443 | $243K | — |
| BKNG Booking Holdings Inc. | 0.05% | 45 | $241K | — |
| KLAC KLA Corp. | 0.05% | 192 | $233K | — |
| SWKS Skyworks Solutions Inc. | 0.05% | 3,666 | $232K | — |
| JAZZ Jazz Pharmaceuticals PLC | 0.05% | 1,359 | $231K | — |
| SCHW Schwab (charles) Corp. | 0.05% | 2,308 | $231K | — |
| SLV iShares Silver Trust | 0.05% | 3,565 | $230K | — |
| ICE Intercontinental Exchange Inc. | 0.05% | 1,403 | $227K | — |
| CVS CVS Health Corp. | 0.05% | 2,818 | $224K | — |
| PAYX Paychex Inc. | 0.05% | 1,984 | $223K | — |
| ENFR Alerian Energy Infrastructur | 0.05% | 7,000 | $220K | — |
| NWN Northwest Natural Holding Co. | 0.05% | 4,703 | $220K | — |
| MDT Medtronic PLC | 0.05% | 2,276 | $219K | — |
| SPYD SS SPDR P S&P 500 Hi Div ETF | 0.05% | 4,975 | $215K | — |
| HBAN Huntington Bancshares Inc. | 0.04% | 12,201 | $212K | — |
| VKTX Viking Therapeutics Inc. | 0.04% | 5,950 | $209K | — |
| COLB Columbia Banking System Inc. | 0.04% | 7,443 | $208K | — |
| VMC Vulcan Materials Co. | 0.04% | 728 | $208K | — |
| NSC Norfolk Southern Corp. | 0.04% | 719 | $208K | — |
| VSGX Vanguard ESG Intl Stock ETF | 0.04% | 2,883 | $206K | — |
| CEG Constellation Energy | 0.04% | 583 | $206K | — |
| AMAT Applied Materials Inc. | 0.04% | 784 | $201K | — |
| ADSK Autodesk Inc. | 0.04% | 680 | $201K | — |
| F Ford Motor Co. filed as FORD MTR CO | 0.04% | 12,709 | $167K | — |
| ALT Altimmune Inc. | 0.01% | 18,500 | $67K | — |
| RCS PIMCO Strategic Income Fund | 0.01% | 10,000 | $56K | — |
| RIG Transocean Ltd. | 0.01% | 10,000 | $41K | — |
Other holdings (1): bonds, preferreds, convertibles and warrants · $79K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| SUMMIT HOTEL PROPERTIES (INN 1.5 02/15/26) | NOTE 1.500% 2/1 · principal | 80,000 | $79K | — |
Total filed on the 13F, all lines: $475.9M.
Portfolio Sells Q4 2025
No earlier filing to compare with.
Portfolio Buys Q4 2025
No earlier filing to compare with.
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 |