Keudell/Morrison Wealth Management
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed April 20, 2026), Keudell/Morrison Wealth Management reported 245 stock positions worth $489.0 million. Its top holding was Schwab US DVD Equity ETF (SCHD) at 9.6% of the portfolio, followed by TCW Flexible Income ETF (FLXR, 8.8%) and Dimensional US Core Equity 2 (DFAC, 5.5%). Compared with Q4 2025, it opened 27 new positions, sold out of 13, added to 102 and reduced 95. The biggest buy was Dimensional US Core Equity 2 (DFAC, shares +54%) and the biggest sale an exit from Simplify Hedged Equity ETF (HEQT).
- Most Recent 13F
- Q2 2026
- Location
- Salem, OR
- CIK
- 0001785498
- Portfolio Value
- $489.0M (Q1 2026)
- SEC Filing
- 0002085853-26-000412 ↗ filed Apr 20, 2026
Holdings Value
Holdings 245 stocks · $489.0M
| SCHD Schwab US DVD Equity ETF | 9.60% | 1,530,634 | $47.0M | Reduce -4.1% |
| FLXR TCW Flexible Income ETF | 8.84% | 1,100,368 | $43.2M | Reduce -7.1% |
| DFAC Dimensional US Core Equity 2 | 5.55% | 698,277 | $27.1M | Add +54.4% |
| VWOB Vanguard Emerg MKTS Gov BND | 4.87% | 362,872 | $23.8M | Add +23.6% |
| FNDF Schwab Fndmn Intl LRG Co. ETF | 4.37% | 436,651 | $21.4M | Add +0.7% |
| AAPL Apple Inc. | 3.46% | 66,743 | $16.9M | Add +1.8% |
| DEXC Dimensional Em Ex Cce ETF | 2.80% | 211,426 | $13.7M | Reduce -2.1% |
| TPYP Tortoise North American Pipe | 2.31% | 266,945 | $11.3M | Reduce -13.7% |
| VYM Vanguard High DVD Yield ETF | 2.21% | 73,085 | $10.8M | Reduce -1.9% |
| JMUB JPMorgan Municipal ETF | 2.03% | 198,921 | $9.9M | Add +15.3% |
| LVHI Franklin International Low V | 2.02% | 244,196 | $9.9M | Add +1.3% |
| VNQ Vanguard Real Estate ETF | 1.84% | 101,501 | $9.0M | Add +1.4% |
| EDIV State Street SPDR S&P Emergi | 1.71% | 211,199 | $8.3M | New |
| GOOG Alphabet Inc. Class C | 1.70% | 29,048 | $8.3M | Reduce -0.9% |
| MSFT Microsoft Corp. | 1.51% | 19,942 | $7.4M | Add +0.8% |
| AMZN Amazon.com Inc. | 1.49% | 35,065 | $7.3M | Add +2.8% |
| XOM Exxon Mobil Corp. | 1.28% | 36,763 | $6.2M | Reduce -4.0% |
| MOO Vaneck Agribusiness ETF | 1.19% | 69,054 | $5.8M | New |
| SCHG Schwab US Large-Cap Growth | 1.14% | 191,743 | $5.6M | Add +4.9% |
| CGHM Cap Group Muni High-Income | 1.03% | 198,512 | $5.0M | Reduce -9.7% |
| LLY Eli Lilly & Co. | 0.93% | 4,957 | $4.6M | Reduce -3.7% |
| LRCX Lam Research Corp. | 0.91% | 20,933 | $4.5M | Add +0.9% |
| VDE Vanguard Energy ETF | 0.91% | 25,766 | $4.5M | Reduce -27.5% |
| ABBV Abbvie Inc. | 0.89% | 20,016 | $4.4M | Add +0.3% |
| XLK SS Technology Select Sector | 0.82% | 30,298 | $4.0M | Add +0.3% |
| CVX Chevron Corp. | 0.79% | 18,607 | $3.8M | Add +5.2% |
| NVDA Nvidia Corp. | 0.76% | 21,236 | $3.7M | Add +0.5% |
| GOOGL Alphabet Inc. Class A | 0.75% | 12,778 | $3.7M | Add +3.0% |
| V Visa Inc. Class A | 0.69% | 11,210 | $3.4M | Reduce -1.7% |
| QQQ Invesco QQQ Trust Series 1 | 0.67% | 5,706 | $3.3M | Reduce -8.9% |
| RTX RTX Corp. | 0.67% | 17,031 | $3.3M | Reduce -1.0% |
| PM Philip Morris International | 0.63% | 18,704 | $3.1M | Add +1.4% |
| HD Home Depot Inc. | 0.62% | 9,220 | $3.0M | Reduce -0.1% |
| SPYG SS SPDR P S&P 500 Growth ETF | 0.60% | 30,030 | $2.9M | Add +1.0% |
| CAT Caterpillar Inc. | 0.59% | 4,065 | $2.9M | Reduce -32.1% |
| JPM JPMorgan Chase & Co. | 0.57% | 9,474 | $2.8M | Add +6.6% |
| USB US Bancorp | 0.55% | 51,935 | $2.7M | Reduce -3.0% |
| VZ Verizon Communications Inc. | 0.53% | 52,096 | $2.6M | Reduce -2.3% |
| DGRO iShares Core Dividend Growth | 0.43% | 30,036 | $2.1M | Add +15.9% |
| GILD Gilead Sciences Inc. | 0.43% | 15,016 | $2.1M | Reduce -6.3% |
| SYK Stryker Corp. | 0.41% | 6,105 | $2.0M | No change |
| T AT&T Inc. | 0.41% | 68,854 | $2.0M | Add +6.9% |
| MO Altria Group Inc. | 0.41% | 30,140 | $2.0M | Reduce -0.6% |
| VIG Vanguard Dividend Apprec ETF | 0.38% | 8,544 | $1.8M | Add +0.5% |
| QCOM Qualcomm Inc. | 0.37% | 14,227 | $1.8M | Add +0.1% |
| JNJ Johnson & Johnson | 0.37% | 7,324 | $1.8M | Reduce -16.0% |
| COST Costco Wholesale Corp. | 0.36% | 1,783 | $1.8M | Add +1.5% |
| META Meta Platforms Inc. Class A | 0.36% | 3,090 | $1.8M | Reduce -1.6% |
| ASML ASML Holding NV-NY Reg SHS filed as ASML HLDG NV | 0.35% | 1,314 | $1.7M | Add +0.3% |
| AMGN Amgen Inc. | 0.35% | 4,900 | $1.7M | Reduce -8.5% |
| NKE Nike Inc. Class B | 0.35% | 32,003 | $1.7M | Add +5.6% |
| MRK Merck & Co. Inc. | 0.33% | 13,376 | $1.6M | Add +5.7% |
| LHX L3HARRIS Technologies Inc. | 0.33% | 4,631 | $1.6M | Add +0.7% |
| ELV Elevance Health Inc. | 0.30% | 5,039 | $1.5M | Add +0.1% |
| LTC LTC Properties Inc. filed as LTC PPTYS INC | 0.29% | 38,249 | $1.4M | Reduce -3.6% |
| AVGO Broadcom Inc. | 0.29% | 4,541 | $1.4M | Add +1.3% |
| ORCL Oracle Corp. | 0.27% | 9,113 | $1.3M | Reduce -1.6% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.27% | 2,762 | $1.3M | Reduce -5.1% |
| TTE Totalenergies SE | 0.27% | 14,404 | $1.3M | Add +2.3% |
| EFA iShares MSCI Eafe ETF | 0.26% | 13,213 | $1.3M | Add +12.6% |
| DVY iShares Select Dividend ETF | 0.26% | 8,430 | $1.3M | Reduce -0.2% |
| WMT Walmart Inc. | 0.26% | 10,191 | $1.3M | Add +1.2% |
| SMH Vaneck Semiconductor ETF | 0.26% | 3,290 | $1.3M | No change |
| BMY Bristol-Myers Squibb Co. | 0.25% | 20,394 | $1.2M | Reduce -11.8% |
| CSCO Cisco Systems Inc. | 0.24% | 15,418 | $1.2M | Add +2.8% |
| VWO Vanguard Ftse Emerging Marke | 0.23% | 21,225 | $1.1M | Add +3.2% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.23% | 4,562 | $1.1M | Add +0.4% |
| CRM Salesforce Inc. | 0.23% | 5,904 | $1.1M | Reduce -9.9% |
| ENB Enbridge Inc. | 0.22% | 19,965 | $1.1M | Reduce -7.3% |
| INTC Intel Corp. | 0.22% | 24,353 | $1.1M | Reduce -0.9% |
| IWO iShares Russell 2000 Growth | 0.22% | 3,399 | $1.1M | No change |
| NFLX Netflix Inc. | 0.22% | 10,939 | $1.1M | Add +16.8% |
| SBUX Starbucks Corp. | 0.21% | 11,569 | $1.0M | Reduce -7.9% |
| LMT Lockheed Martin Corp. | 0.21% | 1,708 | $1.0M | Reduce -0.3% |
| MAR Marriott International Class A | 0.21% | 3,143 | $1.0M | Add +6.2% |
| VLO Valero Energy Corp. | 0.21% | 4,137 | $1.0M | Add +5.3% |
| GLDM SPDR Gold Minishares Trust | 0.20% | 10,714 | $993K | Add +2.6% |
| WFC Wells Fargo & Co. | 0.20% | 12,113 | $964K | Add +7.9% |
| PG The Procter & Gamble Co. | 0.19% | 6,579 | $950K | Add +5.9% |
| O Realty Income Corp. | 0.19% | 15,408 | $943K | Reduce -16.2% |
| RSP Invesco S&P 500 Equal Weight | 0.19% | 4,859 | $933K | Add +6.0% |
| BA The Boeing Co. | 0.19% | 4,681 | $932K | Add +29.3% |
| GLD SPDR Gold Shares | 0.19% | 2,122 | $913K | No change |
| UPS United Parcel Service Class B | 0.19% | 9,237 | $909K | Add +71.5% |
| VIGI Vanguard Int Div App Indx FD | 0.18% | 10,046 | $889K | Reduce -6.7% |
| PLTR Palantir Technologies Inc. Class A | 0.18% | 6,065 | $887K | Add +3.0% |
| DUK Duke Energy Corp. | 0.17% | 6,356 | $832K | Reduce -0.1% |
| FLTR Vaneck Ig Floating Rate ETF | 0.17% | 32,188 | $820K | Reduce -34.3% |
| TXN Texas Instruments Inc. | 0.16% | 4,128 | $801K | Reduce -11.0% |
| VYMI Vanguard Int High DVD YLD Inc. | 0.16% | 8,232 | $776K | Add +0.3% |
| UNH Unitedhealth Group Inc. | 0.16% | 2,844 | $770K | Add +17.9% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.16% | 1,172 | $762K | No change |
| KO The Coca-Cola Co. | 0.16% | 9,988 | $760K | Reduce -2.9% |
| BSV Vanguard Short-Term Bond ETF | 0.16% | 9,680 | $759K | Add +20.6% |
| SO The Southern Co. | 0.15% | 7,847 | $757K | Reduce -0.0% |
| PFN PIMCO Income Strategy FD II | 0.15% | 108,906 | $750K | Add +16.2% |
| VUSB Vanguard Ultra Short Bond Et | 0.15% | 15,000 | $747K | Add +50.0% |
| BTI British American Tob-SP ADR | 0.15% | 12,455 | $728K | Add +4.6% |
| FCX Freeport-McMoran Inc. | 0.15% | 12,305 | $723K | Add +12.9% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.15% | 1,839 | $718K | Add +6.4% |
Portfolio Sells Q4 2025 → Q1 2026
| HEQT Simplify Hedged Equity ETF | Sold out | 0.00% | −3.48 |
| FLXR TCW Flexible Income ETF | Reduce -7.1% | 8.84% | −1.03 |
| JMST JPM Ultra-Short Muni Income | Reduce -84.6% | 0.04% | −0.25 |
| LLY Eli Lilly & Co. | Reduce -3.7% | 0.93% | −0.23 |
| GOOG Alphabet Inc. Class C | Reduce -0.9% | 1.70% | −0.23 |
| CGHM Cap Group Muni High-Income | Reduce -9.7% | 1.03% | −0.15 |
| V Visa Inc. Class A | Reduce -1.7% | 0.69% | −0.15 |
| CRM Salesforce Inc. | Reduce -9.9% | 0.23% | −0.14 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -8.9% | 0.67% | −0.14 |
| CAT Caterpillar Inc. | Reduce -32.1% | 0.59% | −0.13 |
| ORCL Oracle Corp. | Reduce -1.6% | 0.27% | −0.10 |
| IWF iShares Russell 1000 Growth | Sold out | 0.00% | −0.10 |
| FLTR Vaneck Ig Floating Rate ETF | Reduce -34.3% | 0.17% | −0.09 |
| META Meta Platforms Inc. Class A | Reduce -1.6% | 0.36% | −0.07 |
| IWD iShares Russell 1000 Value E | Sold out | 0.00% | −0.07 |
| ADBE Adobe Inc. | Reduce -13.1% | 0.09% | −0.07 |
| IDXX Idexx Laboratories Inc. | Sold out | 0.00% | −0.06 |
| PAYC Paycom Software Inc. | Sold out | 0.00% | −0.05 |
| ESGV Vanguard ESG US Stock ETF | Sold out | 0.00% | −0.05 |
| BKNG Booking Holdings Inc. | Sold out | 0.00% | −0.05 |
| SWKS Skyworks Solutions Inc. | Sold out | 0.00% | −0.05 |
| USB US Bancorp | Reduce -3.0% | 0.55% | −0.05 |
| HD Home Depot Inc. | Reduce -0.1% | 0.62% | −0.05 |
| SPYD SS SPDR P S&P 500 Hi Div ETF | Sold out | 0.00% | −0.05 |
| VMC Vulcan Materials Co. | Sold out | 0.00% | −0.04 |
| VSGX Vanguard ESG Intl Stock ETF | Sold out | 0.00% | −0.04 |
| CEG Constellation Energy | Sold out | 0.00% | −0.04 |
| ADSK Autodesk Inc. | Sold out | 0.00% | −0.04 |
| SHOP Shopify Inc. Class A | Reduce -7.3% | 0.08% | −0.04 |
| OKE Oneok Inc. | Reduce -34.6% | 0.14% | −0.04 |
| ACN Accenture PLC Class A | Reduce -2.9% | 0.09% | −0.04 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -5.1% | 0.27% | −0.04 |
| GSK GSK PLC-Spon ADR | Reduce -41.2% | 0.06% | −0.04 |
| VYM Vanguard High DVD Yield ETF | Reduce -1.9% | 2.21% | −0.03 |
| FLBL Franklin Senior Loan ETF | Reduce -23.7% | 0.09% | −0.03 |
| VUG Vanguard Mrngstar GR ETF-Sui | Reduce -7.6% | 0.14% | −0.03 |
| BUFR FT Vest Lad Buffervetf-Usd I | Reduce -20.6% | 0.10% | −0.03 |
| VDE Vanguard Energy ETF | Reduce -27.5% | 0.91% | −0.03 |
| BIV Vanguard Intermediate-Term B | Reduce -15.4% | 0.13% | −0.03 |
| C Citigroup Inc. | Reduce -23.0% | 0.07% | −0.03 |
| AEP American Electric Power | Reduce -40.3% | 0.05% | −0.03 |
| CDNS Cadence Design SYS Inc. | Reduce -24.9% | 0.05% | −0.03 |
| VIGI Vanguard Int Div App Indx FD | Reduce -6.7% | 0.18% | −0.03 |
| O Realty Income Corp. | Reduce -16.2% | 0.19% | −0.03 |
| MA Mastercard Inc. Class A | Reduce -1.1% | 0.12% | −0.02 |
| TSLA Tesla Inc. | Reduce -2.1% | 0.08% | −0.02 |
| ABT Abbott Laboratories | Reduce -2.0% | 0.07% | −0.02 |
| ISRG Intuitive Surgical Inc. | Reduce -11.8% | 0.04% | −0.02 |
| BAC Bank of America Corp. | Reduce -5.2% | 0.08% | −0.02 |
| NGG National Grid PLC-SP ADR | Reduce -17.3% | 0.13% | −0.02 |
Portfolio Buys Q4 2025 → Q1 2026
| DFAC Dimensional US Core Equity 2 | Add +54.4% | 5.55% | +1.79 |
| EDIV State Street SPDR S&P Emergi | New | 1.71% | +1.71 |
| MOO Vaneck Agribusiness ETF | New | 1.19% | +1.19 |
| VWOB Vanguard Emerg MKTS Gov BND | Add +23.6% | 4.87% | +0.72 |
| FNDF Schwab Fndmn Intl LRG Co. ETF | Add +0.7% | 4.37% | +0.25 |
| CVX Chevron Corp. | Add +5.2% | 0.79% | +0.22 |
| JMUB JPMorgan Municipal ETF | Add +15.3% | 2.03% | +0.20 |
| LRCX Lam Research Corp. | Add +0.9% | 0.91% | +0.17 |
| LVHI Franklin International Low V | Add +1.3% | 2.02% | +0.16 |
| CGSD Cap Group Short Duration | New | 0.13% | +0.13 |
| AMT American Tower Corp. | New | 0.10% | +0.10 |
| WEC WEC Energy Group Inc. | New | 0.08% | +0.08 |
| VLO Valero Energy Corp. | Add +5.3% | 0.21% | +0.07 |
| TTE Totalenergies SE | Add +2.3% | 0.27% | +0.07 |
| UPS United Parcel Service Class B | Add +71.5% | 0.19% | +0.07 |
| T AT&T Inc. | Add +6.9% | 0.41% | +0.07 |
| RRC Range Resources Corp. | New | 0.07% | +0.07 |
| XLE SS Energy Select Sector | New | 0.06% | +0.06 |
| ASML ASML Holding NV-NY Reg SHS | Add +0.3% | 0.35% | +0.06 |
| ECC Eagle Point Credit Co. | New | 0.06% | +0.06 |
| DGRO iShares Core Dividend Growth | Add +15.9% | 0.43% | +0.05 |
| RIO Rio Tinto PLC-Spon ADR | New | 0.05% | +0.05 |
| ITW Illinois Tool Works | New | 0.05% | +0.05 |
| MDLZ Mondelez International Inc. Class A | New | 0.05% | +0.05 |
| FIX Comfort Systems USA Inc. | New | 0.05% | +0.05 |
| MRK Merck & Co. Inc. | Add +5.7% | 0.33% | +0.05 |
| MPC Marathon Petroleum Corp. | New | 0.05% | +0.05 |
| ETN Eaton Corp. PLC | New | 0.05% | +0.05 |
| VUSB Vanguard Ultra Short Bond Et | Add +50.0% | 0.15% | +0.05 |
| BHP BHP Group Ltd.-Spon ADR | New | 0.05% | +0.05 |
| SLB SLB Ltd. | New | 0.05% | +0.05 |
| PBA Pembina Pipeline Corp. | New | 0.05% | +0.05 |
| SCHV Schwab US Large-Cap Value | New | 0.05% | +0.05 |
| COST Costco Wholesale Corp. | Add +1.5% | 0.36% | +0.04 |
| COP Conocophillips | New | 0.04% | +0.04 |
| LIN Linde PLC | New | 0.04% | +0.04 |
| LHX L3HARRIS Technologies Inc. | Add +0.7% | 0.33% | +0.04 |
| PGF Invesco Financial Preferred | New | 0.04% | +0.04 |
| IBB iShares Biotechnology ETF | New | 0.04% | +0.04 |
| PSX Phillips 66 | New | 0.04% | +0.04 |
| XLI SS Industrial Select Sector | New | 0.04% | +0.04 |
| TSM Taiwan Semiconductor-SP ADR | Add +35.3% | 0.12% | +0.04 |
| FCX Freeport-McMoran Inc. | Add +12.9% | 0.15% | +0.03 |
| NFLX Netflix Inc. | Add +16.8% | 0.22% | +0.03 |
| PAYX Paychex Inc. | Add +105.0% | 0.08% | +0.03 |
| CME Cme Group Inc. | Add +44.0% | 0.08% | +0.03 |
| FE Firstenergy Corp. | Add +21.7% | 0.10% | +0.03 |
| EFA iShares MSCI Eafe ETF | Add +12.6% | 0.26% | +0.03 |
| BA The Boeing Co. | Add +29.3% | 0.19% | +0.03 |
| HON Honeywell International Inc. | Add +9.1% | 0.13% | +0.03 |
Notes & Other Activity Q4 2025 → Q1 2026
| SUMMIT HOTEL PROPERTIES (INN 1.5 02/15/26) | NOTE 1.500% 2/1 · principal | Sold out | 80,000 | $79Kbefore 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 | 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 |