Keystone Financial Group, Inc.

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 20, 2025), Keystone Financial Group, Inc. reported 130 stock positions worth $177.4 million. Its top holding was Dimensional US Core Equity M (DFAU) at 16.1% of the portfolio, followed by iShares 0-3 Month Treasury B (SGOV, 10.3%) and Vanguard Core-Plus Bond ETF (VPLS, 7.2%). Compared with Q2 2025, it opened 5 new positions, sold out of 23, added to 55 and reduced 30. The biggest buy was FB Financial (FBK, shares +230%) and the biggest sale Dimensional US Core Equity M (DFAU, shares −2%).

Most Recent 13F
Q2 2026
Location
ATLANTA, GA
CIK
0002053642
Portfolio Value
$177.4M (Q3 2025)
SEC Filing
0002053642-25-000007 ↗ filed Oct 20, 2025

Holdings Value

0$50.0M$100.0M$150.0M$200.0M Q4 2024: $123.5M Q4 2024 Q1 2025: $142.0M Q1 2025 Q2 2025: $157.0M Q2 2025 Q3 2025: $177.4M $177.4M Q3 2025 Q4 2025: $191.0M Q4 2025 Q1 2026: $192.4M Q1 2026 Q2 2026: $190.5M Q2 2026

Holdings 130 stocks · $177.4M
DFAU Dimensional US Core Equity M 16.08% 623,534 $28.5M Reduce -2.0%
SGOV iShares 0-3 Month Treasury B 10.25% 180,670 $18.2M Reduce -0.3%
VPLS Vanguard Core-Plus Bond ETF 7.18% 162,001 $12.7M Add +30.0%
SCHD Schwab US DVD Equity ETF 5.51% 358,233 $9.8M Add +0.7%
VIG Vanguard Dividend Apprec ETF 5.40% 44,243 $9.6M Add +9.5%
FBK FB Financial Corp. filed as FB FINL CORP 5.25% 167,152 $9.3M Add +229.7%
VIGI Vanguard Int Div App Indx FD 5.25% 103,929 $9.3M Add +1.8%
INMU iShares Intermediate Muni Inc. 3.34% 247,921 $5.9M Add +0.7%
DFSD Dimensional Short Duration 3.16% 116,362 $5.6M Add +8.4%
DFAX Dimensional World Ex US Core 2.79% 157,910 $5.0M Add +14.7%
DFAC Dimensional US Core Equity 2 2.54% 117,009 $4.5M Reduce -2.5%
VSDM Vanguard Short Tax-Ex Bond 2.53% 58,494 $4.5M Add +392.0%
MEAR Ishrs Short Mat Muni Act ETF 2.31% 81,266 $4.1M Add +14.1%
BRTR iShares Total Return Act ETF 2.13% 74,129 $3.8M Add +8.6%
SHV iShares 0-1 Year Treasury Bo 2.11% 33,950 $3.8M Reduce -13.4%
EMLP First Trust North American E 1.73% 79,946 $3.1M Add +3.2%
NEAR iShares SH Dba ETF Usd Inc. 1.70% 58,722 $3.0M Add +4.6%
ITOT iShares Core S&P Total U.S. 1.49% 18,099 $2.6M Reduce -6.8%
USRT iShares Core US REIT ETF 1.28% 38,690 $2.3M Add +2.6%
JAJL Innovator Edp ETF - 6M Ja 1.08% 66,785 $1.9M Reduce -29.1%
IDYN iShares Inte Equ Fac R A ETF 1.03% 22,081 $1.8M New
VCRM Vanguard Core Tax-Ex Bond 0.98% 23,202 $1.7M New
VSDB Vanguard Short Dur Bond ETF 0.91% 20,983 $1.6M New
DFAW Dimensional World Eqty ETF 0.86% 21,289 $1.5M Add +47.8%
VLUE iShares MSCI USA Value Facto 0.81% 11,457 $1.4M Add +0.5%
IEFA iShares Core MSCI Eafe ETF 0.80% 16,319 $1.4M Reduce -0.1%
SPTM SS SPDR P S&P 1500 Comp ETF 0.67% 14,750 $1.2M Add +1.4%
ISTB iShares Core 1-5 Year Usd Bo 0.61% 22,202 $1.1M Reduce -50.4%
IJR iShares Core S&P Small-Cap E 0.58% 8,592 $1.0M Add +0.3%
TFC Truist Financial Corp. 0.55% 21,512 $984K Add +1.1%
IEMG iShares Core MSCI Emerging 0.43% 11,636 $767K Reduce -0.3%
VTV Vanguard Mrngstr Val ETF-Aui 0.43% 4,092 $767K No change
VTI VG Morningstar TS MKT ETF-US 0.38% 2,029 $668K Add +10.3%
NVDA Nvidia Corp. 0.37% 3,481 $650K Reduce -5.0%
MTUM iShares MSCI USA Momentum Fa 0.35% 2,456 $630K Add +0.2%
SCHY Schwab International DVD ETF 0.33% 20,901 $584K Reduce -4.1%
VUG Vanguard Mrngstar GR ETF-Sui 0.33% 1,214 $583K Add +0.3%
UCB United Community Banks 0.32% 18,179 $574K No change
USMV iShares MSCI USA Min Vol Fac 0.30% 5,598 $533K Add +0.1%
PFEB Innovator U.S. Equity Power 0.29% 13,046 $518K Reduce -6.3%
ZALT Innovator US Eq 10 Buffer 0.27% 15,180 $480K Reduce -1.4%
PDEC Innovator U.S. Equity Power 0.23% 9,826 $413K Reduce -5.2%
MSFT Microsoft Corp. 0.23% 778 $403K Reduce -5.8%
BRK.B Berkshire Hathaway Inc. Class B 0.21% 756 $380K No change
BALT Inn Defined Wealth Shield 0.21% 11,510 $378K Reduce -20.5%
DFSU Dimensional US Sus CORE1 ETF 0.20% 8,414 $357K Add +0.2%
IGSB iShares 1-5Y Inv Grade Corp. 0.18% 6,189 $328K Reduce -5.3%
TRV The Travelers Cos Inc. 0.18% 1,131 $316K Reduce -1.3%
JNJ Johnson & Johnson 0.17% 1,591 $295K Add +0.4%
WEC WEC Energy Group Inc. 0.16% 2,551 $292K Add +10.6%
VTIP Vanguard Short-Term Tips 0.15% 5,367 $272K Reduce -47.7%
SO The Southern Co. 0.15% 2,848 $270K Add +10.9%
BSV Vanguard Short-Term Bond ETF 0.15% 3,396 $268K Reduce -9.6%
ABBV Abbvie Inc. 0.15% 1,134 $262K Add +0.3%
AMGN Amgen Inc. 0.14% 903 $255K Add +0.6%
AAPL Apple Inc. 0.14% 949 $242K Add +34.8%
IUSG iShares Core S&P U.S. Growth 0.13% 1,430 $235K Add +0.1%
CSCO Cisco Systems Inc. 0.13% 3,398 $233K Add +0.5%
SHYM iShares Short Duration High 0.13% 10,092 $225K Add +273.1%
SCHZ Schwab US Aggregate Bond ETF 0.12% 9,439 $222K Reduce -22.9%
IWF iShares Russell 1000 Growth 0.12% 452 $211K Add +0.2%
ATO Atmos Energy Corp. 0.11% 1,123 $192K Add +17.4%
GS Goldman Sachs Group Inc. 0.10% 232 $185K Add +7.4%
IUSV iShares Core S&P U.S. Value 0.10% 1,735 $173K Add +0.5%
AVMA Avantis Mod Alloc ETF 0.09% 2,517 $164K New
ICE Intercontinental Exchange Inc. 0.08% 871 $147K Add +19.5%
HON Honeywell International Inc. 0.08% 679 $143K Add +0.6%
IJH iShares Core S&P Midcap ETF 0.08% 2,158 $141K No change
RBLD First Trust Alerian US Nextg 0.08% 1,861 $141K Add +10.4%
MMM 3M Co. 0.08% 901 $140K Add +8.9%
VNQ Vanguard Real Estate ETF 0.08% 1,498 $137K Reduce -7.4%
HYDB iShares High Yield Systemati 0.07% 2,593 $124K Reduce -12.9%
TXN Texas Instruments Inc. 0.06% 615 $113K Add +0.3%
LIF LIFE360 Inc. 0.05% 862 $92K Reduce -9.0%
EMR Emerson Electric Co. 0.05% 672 $88K Add +0.3%
DFEM Dimensional Emrg MRKT Core 0.05% 2,689 $86K Add +0.8%
PG The Procter & Gamble Co. 0.04% 474 $73K No change
MDT Medtronic PLC 0.04% 741 $71K No change
DGRW Wisdomtree U.S. Quality Divi 0.04% 740 $66K Add +21.1%
PEP Pepsico Inc. 0.04% 453 $64K No change
DFSE Dimensional Em Sus CORE1 ETF 0.04% 1,515 $62K Add +0.7%
SUSL iShares ESG MSCI USA Leaders 0.03% 525 $61K No change
VB Vanguard Most SM-Cap ETF-Usd 0.03% 236 $60K No change
HD Home Depot Inc. 0.03% 144 $58K Add +0.7%
GLD SPDR Gold Shares 0.03% 163 $58K No change
TQQQ Proshares Ultrapro QQQ 0.03% 551 $57K Add +0.2%
KMB Kimberly-Clark Corp. 0.03% 437 $55K No change
XLV SS Health Care Select Sector 0.03% 369 $51K Add +0.3%
VSGX Vanguard ESG Intl Stock ETF 0.02% 600 $42K No change
BTC Grayscale Bitcoin Mini ETF 0.02% 816 $41K No change
VEA Vanguard Ftse Developed ETF 0.02% 676 $41K No change
DFIC Dimensional International Co. 0.02% 1,225 $40K Add +0.4%
ENFR Alerian Energy Infrastructur 0.02% 1,207 $39K New
XOM Exxon Mobil Corp. 0.02% 347 $39K Add +0.9%
NRG NRG Energy Inc. 0.02% 241 $39K No change
PNOV Innovator U.S. Equity Power 0.02% 900 $37K Reduce -64.8%
SLV iShares Silver Trust 0.02% 810 $34K No change
TSLA Tesla Inc. 0.02% 75 $33K No change
NSC Norfolk Southern Corp. 0.02% 110 $33K No change
SNV Synovus Financial Corp. 0.01% 530 $26K Reduce -26.6%
EOG EOG Resources Inc. 0.01% 227 $25K Add +0.9%
WMT Walmart Inc. 0.01% 242 $25K No change
DFSI Dimensional Int Sus COR1 ETF 0.01% 597 $24K Add +0.5%
IOT Samsara Inc. Class A 0.01% 600 $22K No change
SCHA Schwab US Small-Cap ETF 0.01% 783 $22K Add +0.4%
DGRO iShares Core Dividend Growth 0.01% 305 $21K No change
T AT&T Inc. 0.01% 717 $20K No change
VTEB Vanguard Tax-Exempt Bond ETF 0.01% 266 $13K Reduce -94.0%
MRK Merck & Co. Inc. 0.01% 129 $11K No change
QQQ Invesco QQQ Trust Series 1 0.01% 15 $9K No change
ASA ASA Gold and Precious Metals 0.00% 174 $8K No change
PFE Pfizer Inc. 0.00% 303 $8K Add +1.7%
CPNG Coupang Inc. 0.00% 200 $6K No change
WBD Warner Bros Discovery Inc. 0.00% 173 $3K No change
IMCG iShares Morningstar Mid-Cap 0.00% 40 $3K No change
DRI Darden Restaurants Inc. 0.00% 15 $3K No change
LIT Global X Lithium & Battery T 0.00% 50 $3K No change
FPX First Trust US Equity Opport 0.00% 16 $3K Reduce -11.1%
AAMI Acadian Asset Management Inc. 0.00% 45 $2K No change
FTXL First Trust Nasdaq Semicondu 0.00% 16 $2K No change
GME Gamestop Corp. Class A 0.00% 60 $2K No change
GE General Electric filed as GE AEROSPACE 0.00% 4 $1K No change
LOGI Logitech International-Reg 0.00% 5 $548 No change
VTRS Viatris Inc. 0.00% 31 $304 No change
NKE Nike Inc. Class B 0.00% 4 $299 No change
XOVR Ershares Private-Public Cros 0.00% 11 $232 No change
LCID Lucid Group Inc. 0.00% 8 $190 No change
GNMA iShares Gnma Bond ETF 0.00% 4 $188 Reduce -99.8%
OGN Organon & Co. 0.00% 11 $121 No change
VCIT Vanguard Int-Term Corporate 0.00% 1 $83 Reduce -99.6%

Portfolio Sells Q2 2025 → Q3 2025
DFAU Dimensional US Core Equity M Reduce -2.0% 16.08% −1.38
SGOV iShares 0-3 Month Treasury B Reduce -0.3% 10.25% −1.35
IXUS iShares Core Intl Stock ETF Sold out 0.00% −1.32
ISTB iShares Core 1-5 Year Usd Bo Reduce -50.4% 0.61% −0.77
SHV iShares 0-1 Year Treasury Bo Reduce -13.4% 2.11% −0.64
JAJL Innovator Edp ETF - 6M Ja Reduce -29.1% 1.08% −0.62
DFAC Dimensional US Core Equity 2 Reduce -2.5% 2.54% −0.25
ITOT iShares Core S&P Total U.S. Reduce -6.8% 1.49% −0.21
VTIP Vanguard Short-Term Tips Reduce -47.7% 0.15% −0.17
VTEB Vanguard Tax-Exempt Bond ETF Reduce -94.0% 0.01% −0.13
IUSB Ishr CR Unvrse Usd BD ETF-Ui Sold out 0.00% −0.13
BALT Inn Defined Wealth Shield Reduce -20.5% 0.21% −0.08
MUB iShares National Muni Bond E Sold out 0.00% −0.07
BDX Becton Dickinson and Co. Sold out 0.00% −0.07
XLU St Sr Utl SL SE SPDR ETF-Usd Sold out 0.00% −0.06
IEFA iShares Core MSCI Eafe ETF Reduce -0.1% 0.80% −0.06
SCHZ Schwab US Aggregate Bond ETF Reduce -22.9% 0.12% −0.05
SCHY Schwab International DVD ETF Reduce -4.1% 0.33% −0.05
PFEB Innovator U.S. Equity Power Reduce -6.3% 0.29% −0.05
GVI iShares Intermediate Governm Sold out 0.00% −0.05
GNMA iShares Gnma Bond ETF Reduce -99.8% 0.00% −0.04
PNOV Innovator U.S. Equity Power Reduce -64.8% 0.02% −0.04
MSFT Microsoft Corp. Reduce -5.8% 0.23% −0.04
VYM Vanguard High DVD Yield ETF Sold out 0.00% −0.04
NVDA Nvidia Corp. Reduce -5.0% 0.37% −0.04
BSV Vanguard Short-Term Bond ETF Reduce -9.6% 0.15% −0.04
IGSB iShares 1-5Y Inv Grade Corp. Reduce -5.3% 0.18% −0.03
PDEC Innovator U.S. Equity Power Reduce -5.2% 0.23% −0.03
ZALT Innovator US Eq 10 Buffer Reduce -1.4% 0.27% −0.03
GSRT GSR III Acquisition Corp. Sold out 0.00% −0.03
IEMG iShares Core MSCI Emerging Reduce -0.3% 0.43% −0.02
VCSH Vanguard S/T Corp. Bond ETF Sold out 0.00% −0.02
HYDB iShares High Yield Systemati Reduce -12.9% 0.07% −0.02
R Ryder System Inc. Sold out 0.00% −0.02
IGIB iShares 5-10Y Inv Grade Corp. Sold out 0.00% −0.02
TRV The Travelers Cos Inc. Reduce -1.3% 0.18% −0.02
VNQ Vanguard Real Estate ETF Reduce -7.4% 0.08% −0.02
VCRB Vanguard Core Bond ETF Sold out 0.00% −0.01
STIP iShares 0-5 Year Tips Bond E Sold out 0.00% −0.01
VCIT Vanguard Int-Term Corporate Reduce -99.6% 0.00% −0.01
DE Deere & Co. Sold out 0.00% −0.01
SNV Synovus Financial Corp. Reduce -26.6% 0.01% −0.01
PJUL Innovator U.S. Equity Power Sold out 0.00% −0.01
GOOGL Alphabet Inc. Class A Sold out 0.00% −0.01
VT Vanguard Tot World STK ETF Sold out 0.00% −0.01
MET Metlife Inc. Sold out 0.00% −0.00
SPDW Ste STR SPDR PT DW Eu ETF Sold out 0.00% −0.00
SPEM State Street SP PTF Em ETF Sold out 0.00% −0.00
DIS The Walt Disney Co. Sold out 0.00% −0.00
GM General Motors Co. Sold out 0.00% −0.00

Portfolio Buys Q2 2025 → Q3 2025
FBK FB Financial Corp. Add +229.7% 5.25% +3.68
VSDM Vanguard Short Tax-Ex Bond Add +392.0% 2.53% +1.96
VPLS Vanguard Core-Plus Bond ETF Add +30.0% 7.18% +1.07
IDYN iShares Inte Equ Fac R A ETF New 1.03% +1.03
VCRM Vanguard Core Tax-Ex Bond New 0.98% +0.98
VSDB Vanguard Short Dur Bond ETF New 0.91% +0.91
DFAW Dimensional World Eqty ETF Add +47.8% 0.86% +0.24
DFAX Dimensional World Ex US Core Add +14.7% 2.79% +0.21
VIG Vanguard Dividend Apprec ETF Add +9.5% 5.40% +0.10
AVMA Avantis Mod Alloc ETF New 0.09% +0.09
SHYM iShares Short Duration High Add +273.1% 0.13% +0.09
AAPL Apple Inc. Add +34.8% 0.14% +0.04
MEAR Ishrs Short Mat Muni Act ETF Add +14.1% 2.31% +0.03
ENFR Alerian Energy Infrastructur New 0.02% +0.02
VTI VG Morningstar TS MKT ETF-US Add +10.3% 0.38% +0.01
ATO Atmos Energy Corp. Add +17.4% 0.11% +0.01
ABBV Abbvie Inc. Add +0.3% 0.15% +0.01
GS Goldman Sachs Group Inc. Add +7.4% 0.10% +0.01
WEC WEC Energy Group Inc. Add +10.6% 0.16% +0.01
DGRW Wisdomtree U.S. Quality Divi Add +21.1% 0.04% +0.00
TQQQ Proshares Ultrapro QQQ Add +0.2% 0.03% +0.00
JNJ Johnson & Johnson Add +0.4% 0.17% +0.00
RBLD First Trust Alerian US Nextg Add +10.4% 0.08% +0.00
HD Home Depot Inc. Add +0.7% 0.03% 0.00
PFE Pfizer Inc. Add +1.7% 0.00% −0.00
SCHA Schwab US Small-Cap ETF Add +0.4% 0.01% −0.00
DFSI Dimensional Int Sus COR1 ETF Add +0.5% 0.01% −0.00
ICE Intercontinental Exchange Inc. Add +19.5% 0.08% −0.00
DFIC Dimensional International Co. Add +0.4% 0.02% −0.00
XOM Exxon Mobil Corp. Add +0.9% 0.02% −0.00
DFSE Dimensional Em Sus CORE1 ETF Add +0.7% 0.04% −0.00
SO The Southern Co. Add +10.9% 0.15% −0.00
MMM 3M Co. Add +8.9% 0.08% −0.00
XLV SS Health Care Select Sector Add +0.3% 0.03% −0.00
EOG EOG Resources Inc. Add +0.9% 0.01% −0.00
DFEM Dimensional Emrg MRKT Core Add +0.8% 0.05% −0.00
IWF iShares Russell 1000 Growth Add +0.2% 0.12% −0.01
IUSG iShares Core S&P U.S. Growth Add +0.1% 0.13% −0.01
IUSV iShares Core S&P U.S. Value Add +0.5% 0.10% −0.01
DFSU Dimensional US Sus CORE1 ETF Add +0.2% 0.20% −0.01
EMR Emerson Electric Co. Add +0.3% 0.05% −0.01
CSCO Cisco Systems Inc. Add +0.5% 0.13% −0.02
VUG Vanguard Mrngstar GR ETF-Sui Add +0.3% 0.33% −0.02
MTUM iShares MSCI USA Momentum Fa Add +0.2% 0.35% −0.02
VLUE iShares MSCI USA Value Facto Add +0.5% 0.81% −0.02
TXN Texas Instruments Inc. Add +0.3% 0.06% −0.02
HON Honeywell International Inc. Add +0.6% 0.08% −0.02
AMGN Amgen Inc. Add +0.6% 0.14% −0.02
USMV iShares MSCI USA Min Vol Fac Add +0.1% 0.30% −0.03
SPTM SS SPDR P S&P 1500 Comp ETF Add +1.4% 0.67% −0.03

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 121$190.5MDFAU, VPLS, SCHD, VIG, VSDM
Q1 2026 133$192.4MDFAU, VPLS, SGOV, SCHD, VIG
Q4 2025 134$191.0MDFAU, SGOV, VPLS, SCHD, VIG
Q3 2025 130$177.4MDFAU, SGOV, VPLS, SCHD, VIG
Q2 2025 148$157.0MDFAU, SGOV, SCHD, VPLS, VIGI
Q1 2025 156$142.0MDFAU, SGOV, VIGI, SCHD, VIG
Q4 2024 160$123.5MDFAU, SGOV, SCHD, VIGI, VIG