Keystone Financial Group, Inc.

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 16, 2026), Keystone Financial Group, Inc. reported 134 stock positions worth $191.0 million. Its top holding was Dimensional US Core Equity M (DFAU) at 15.5% of the portfolio, followed by iShares 0-3 Month Treasury B (SGOV, 10.0%) and Vanguard Core-Plus Bond ETF (VPLS, 7.4%). Compared with Q3 2025, it opened 9 new positions, sold out of 6, added to 67 and reduced 18. The biggest buy was Vanguard Short Tax-Ex Bond (VSDM, shares +53%) and the biggest sale an exit from iShares Inte Equ Fac R A ETF (IDYN).

Most Recent 13F
Q2 2026
Location
ATLANTA, GA
CIK
0002053642
Portfolio Value
$191.0M (Q4 2025)
SEC Filing
0002053642-26-000001 ↗ filed Jan 16, 2026

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 Q3 2025 Q4 2025: $191.0M $191.0M Q4 2025 Q1 2026: $192.4M Q1 2026 Q2 2026: $190.5M Q2 2026

Holdings 134 stocks · $191.0M
DFAU Dimensional US Core Equity M 15.55% 634,346 $29.7M Add +1.7%
SGOV iShares 0-3 Month Treasury B 9.96% 189,485 $19.0M Add +4.9%
VPLS Vanguard Core-Plus Bond ETF 7.42% 181,493 $14.2M Add +12.0%
SCHD Schwab US DVD Equity ETF 5.53% 385,136 $10.6M Add +7.5%
VIG Vanguard Dividend Apprec ETF 5.47% 47,539 $10.4M Add +7.5%
VIGI Vanguard Int Div App Indx FD 4.90% 102,295 $9.4M Reduce -1.6%
FBK FB Financial Corp. filed as FB FINL CORP 4.70% 160,947 $9.0M Reduce -3.7%
VSDM Vanguard Short Tax-Ex Bond 3.58% 89,432 $6.8M Add +52.9%
DFAX Dimensional World Ex US Core 3.37% 196,760 $6.4M Add +24.6%
INMU iShares Intermediate Muni Inc. 3.36% 267,005 $6.4M Add +7.7%
DFAC Dimensional US Core Equity 2 3.30% 159,383 $6.3M Add +36.2%
DFSD Dimensional Short Duration 2.97% 118,269 $5.7M Add +1.6%
MEAR Ishrs Short Mat Muni Act ETF 2.10% 79,758 $4.0M Reduce -1.9%
BRTR iShares Total Return Act ETF 1.98% 74,625 $3.8M Add +0.7%
SHV iShares 0-1 Year Treasury Bo 1.91% 33,149 $3.7M Reduce -2.4%
EMLP First Trust North American E 1.64% 82,482 $3.1M Add +3.2%
NEAR iShares SH Dba ETF Usd Inc. 1.55% 58,051 $3.0M Reduce -1.1%
ITOT iShares Core S&P Total U.S. 1.41% 18,146 $2.7M Add +0.3%
VSDB Vanguard Short Dur Bond ETF 1.35% 33,710 $2.6M Add +60.6%
VCRM Vanguard Core Tax-Ex Bond 1.27% 31,990 $2.4M Add +37.9%
USRT iShares Core US REIT ETF 1.26% 42,279 $2.4M Add +9.3%
IXUS iShares Core Intl Stock ETF 1.05% 23,606 $2.0M New
DFAW Dimensional World Eqty ETF 0.98% 25,202 $1.9M Add +18.4%
JAJL Innovator Edp ETF - 6M Ja 0.96% 63,317 $1.8M Reduce -5.2%
VLUE iShares MSCI USA Value Facto 0.83% 11,525 $1.6M Add +0.6%
IEFA iShares Core MSCI Eafe ETF 0.78% 16,576 $1.5M Add +1.6%
SPTM SS SPDR P S&P 1500 Comp ETF 0.64% 14,831 $1.2M Add +0.6%
ISTB iShares Core 1-5 Year Usd Bo 0.57% 22,202 $1.1M No change
TFC Truist Financial Corp. 0.56% 21,739 $1.1M Add +1.1%
IJR iShares Core S&P Small-Cap E 0.54% 8,631 $1.0M Add +0.5%
IEMG iShares Core MSCI Emerging 0.42% 11,792 $793K Add +1.3%
VTV Vanguard Mrngstr Val ETF-Aui 0.41% 4,112 $785K Add +0.5%
VTI VG Morningstar TS MKT ETF-US 0.35% 1,981 $664K Reduce -2.4%
NVDA Nvidia Corp. 0.34% 3,478 $649K Reduce -0.1%
SCHY Schwab International DVD ETF 0.33% 20,981 $626K Add +0.4%
MTUM iShares MSCI USA Momentum Fa 0.32% 2,462 $616K Add +0.2%
VUG Vanguard Mrngstar GR ETF-Sui 0.31% 1,216 $593K Add +0.2%
UCB United Community Banks 0.30% 18,322 $577K Add +0.8%
PFEB Innovator U.S. Equity Power 0.28% 13,046 $531K No change
USMV iShares MSCI USA Min Vol Fac 0.28% 5,607 $528K Add +0.2%
PDEC Innovator U.S. Equity Power 0.22% 9,826 $426K No change
ZALT Innovator US Eq 10 Buffer 0.22% 12,771 $411K Reduce -15.9%
BRK.B Berkshire Hathaway Inc. Class B 0.20% 756 $380K No change
MSFT Microsoft Corp. 0.20% 779 $377K Add +0.1%
DFSU Dimensional US Sus CORE1 ETF 0.19% 8,432 $366K Add +0.2%
IGSB iShares 1-5Y Inv Grade Corp. 0.17% 6,284 $332K Add +1.5%
JNJ Johnson & Johnson 0.17% 1,598 $331K Add +0.4%
TRV The Travelers Cos Inc. 0.17% 1,133 $329K Add +0.2%
AMGN Amgen Inc. 0.16% 908 $297K Add +0.6%
SLV iShares Silver Trust 0.15% 4,455 $287K Add +450.0%
CSCO Cisco Systems Inc. 0.14% 3,417 $263K Add +0.6%
ABBV Abbvie Inc. 0.14% 1,136 $260K Add +0.2%
AAPL Apple Inc. 0.14% 950 $258K Add +0.1%
VTIP Vanguard Short-Term Tips 0.13% 5,205 $257K Reduce -3.0%
WEC WEC Energy Group Inc. 0.13% 2,414 $255K Reduce -5.4%
SO The Southern Co. 0.13% 2,862 $250K Add +0.5%
BSV Vanguard Short-Term Bond ETF 0.13% 3,157 $249K Reduce -7.0%
IUSG iShares Core S&P U.S. Growth 0.13% 1,433 $241K Add +0.2%
BALT Inn Defined Wealth Shield 0.12% 6,648 $223K Reduce -42.2%
IWF iShares Russell 1000 Growth 0.11% 452 $214K No change
GS Goldman Sachs Group Inc. 0.11% 233 $205K Add +0.4%
ENFR Alerian Energy Infrastructur 0.10% 6,266 $197K Add +419.1%
ATO Atmos Energy Corp. 0.10% 1,130 $189K Add +0.6%
IUSV iShares Core S&P U.S. Value 0.09% 1,744 $179K Add +0.5%
MMM 3M Co. 0.08% 905 $145K Add +0.4%
IJH iShares Core S&P Midcap ETF 0.07% 2,158 $142K No change
ICE Intercontinental Exchange Inc. 0.07% 874 $142K Add +0.3%
RBLD First Trust Alerian US Nextg 0.07% 1,885 $141K Add +1.3%
AVMA Avantis Mod Alloc ETF 0.07% 2,047 $136K Reduce -18.7%
VNQ Vanguard Real Estate ETF 0.07% 1,510 $134K Add +0.8%
HON Honeywell International Inc. 0.07% 683 $133K Add +0.6%
SUSL iShares ESG MSCI USA Leaders 0.07% 1,054 $128K Add +100.8%
HYDB iShares High Yield Systemati 0.06% 2,272 $108K Reduce -12.4%
TXN Texas Instruments Inc. 0.06% 618 $107K Add +0.5%
DFEM Dimensional Emrg MRKT Core 0.05% 2,706 $90K Add +0.6%
EMR Emerson Electric Co. 0.05% 673 $89K Add +0.1%
SHYM iShares Short Duration High 0.04% 3,830 $85K Reduce -62.0%
MDT Medtronic PLC 0.04% 741 $72K No change
DFSE Dimensional Em Sus CORE1 ETF 0.04% 1,645 $68K Add +8.6%
PG The Procter & Gamble Co. 0.04% 474 $68K No change
ERET iShares Env Aware Re Estate 0.04% 2,531 $68K New
DGRW Wisdomtree U.S. Quality Divi 0.03% 743 $66K Add +0.4%
PEP Pepsico Inc. 0.03% 453 $66K No change
GLD SPDR Gold Shares 0.03% 163 $65K No change
VB Vanguard Most SM-Cap ETF-Usd 0.03% 236 $61K No change
TQQQ Proshares Ultrapro QQQ 0.03% 1,103 $58K No change
XLV SS Health Care Select Sector 0.03% 370 $57K Add +0.3%
HD Home Depot Inc. 0.03% 144 $50K No change
KMB Kimberly-Clark Corp. 0.02% 437 $45K No change
RGTI Rigetti Computing Inc. 0.02% 2,000 $44K New
LIF LIFE360 Inc. 0.02% 688 $44K Reduce -20.2%
VSGX Vanguard ESG Intl Stock ETF 0.02% 600 $43K No change
DFIC Dimensional International Co. 0.02% 1,234 $43K Add +0.7%
VEA Vanguard Ftse Developed ETF 0.02% 676 $42K No change
XOM Exxon Mobil Corp. 0.02% 350 $42K Add +0.9%
NRG NRG Energy Inc. 0.02% 242 $39K Add +0.4%
PNOV Innovator U.S. Equity Power 0.02% 900 $38K No change
TSLA Tesla Inc. 0.02% 75 $34K No change
NSC Norfolk Southern Corp. 0.02% 110 $32K No change
BTC Grayscale Bitcoin Mini ETF 0.02% 816 $32K No change
DFSI Dimensional Int Sus COR1 ETF 0.02% 695 $30K Add +16.4%
WMT Walmart Inc. 0.01% 242 $27K No change
SNV Synovus Financial Corp. 0.01% 530 $27K No change
EOG EOG Resources Inc. 0.01% 229 $24K Add +0.9%
SCHA Schwab US Small-Cap ETF 0.01% 786 $22K Add +0.4%
IOT Samsara Inc. Class A 0.01% 600 $21K No change
DGRO iShares Core Dividend Growth 0.01% 305 $21K No change
T AT&T Inc. 0.01% 717 $18K No change
BAI Ishrs AI in and Tech Act ETF 0.01% 515 $17K New
MOAT Vaneck Morningstar Wide Moat 0.01% 150 $16K New
MRK Merck & Co. Inc. 0.01% 131 $14K Add +1.6%
VTEB Vanguard Tax-Exempt Bond ETF 0.01% 269 $14K Add +1.1%
QQQ Invesco QQQ Trust Series 1 0.00% 15 $9K No change
SMH Vaneck Semiconductor ETF 0.00% 25 $9K New
IFRA iShares US Infrastructure 0.00% 168 $9K New
IBIT iShares Bitcoin Trust ETF 0.00% 173 $9K New
SOLS Solstice Adv Materials Inc. 0.00% 169 $8K No change
PFE Pfizer Inc. 0.00% 308 $8K Add +1.6%
WBD Warner Bros Discovery Inc. 0.00% 173 $5K No change
CPNG Coupang Inc. 0.00% 200 $5K No change
FPX First Trust US Equity Opport 0.00% 21 $3K Add +31.3%
LIT Global X Lithium & Battery T 0.00% 50 $3K No change
IMCG iShares Morningstar Mid-Cap 0.00% 40 $3K No change
DRI Darden Restaurants Inc. 0.00% 15 $3K No change
FTXL First Trust Nasdaq Semicondu 0.00% 16 $2K No change
AAMI Acadian Asset Management Inc. 0.00% 45 $2K No change
AOA iShares Core 80/20 Aggressiv 0.00% 16 $1K New
GE General Electric filed as GE AEROSPACE 0.00% 4 $1K No change
GME Gamestop Corp. Class A 0.00% 60 $1K No change
LOGI Logitech International-Reg 0.00% 5 $501 No change
NKE Nike Inc. Class B 0.00% 4 $274 No change
XOVR Ershares Private-Public Cros 0.00% 11 $222 No change
LCID Lucid Group Inc. 0.00% 8 $85 No change
SCHZ Schwab US Aggregate Bond ETF 0.00% 1 $24 Reduce -100.0%
Other holdings (1): bonds, preferreds, convertibles and warrants · $18 (not counted above)
SecurityClassShares / PrincipalValueChange
GME.WS Gamestop Corp. *W EXP 10/30/202 6$18No change
Lines left out (1) · $76 — a value with no share or principal amount
SecurityClassSharesValue
NXPI NXP Semiconductors NV COM0$76

Filed with a value but no share or principal amount (a cash line, a holding rounded to 0 shares), so they are kept out of the holdings, totals and percentages.

Total filed on the 13F, all lines: $191.0M.

Portfolio Sells Q3 2025 → Q4 2025
IDYN iShares Inte Equ Fac R A ETF Sold out 0.00% −1.03
FBK FB Financial Corp. Reduce -3.7% 4.70% −0.55
VIGI Vanguard Int Div App Indx FD Reduce -1.6% 4.90% −0.35
MEAR Ishrs Short Mat Muni Act ETF Reduce -1.9% 2.10% −0.21
SHV iShares 0-1 Year Treasury Bo Reduce -2.4% 1.91% −0.20
NEAR iShares SH Dba ETF Usd Inc. Reduce -1.1% 1.55% −0.14
SCHZ Schwab US Aggregate Bond ETF Reduce -100.0% 0.00% −0.12
JAJL Innovator Edp ETF - 6M Ja Reduce -5.2% 0.96% −0.11
BALT Inn Defined Wealth Shield Reduce -42.2% 0.12% −0.10
SHYM iShares Short Duration High Reduce -62.0% 0.04% −0.08
ZALT Innovator US Eq 10 Buffer Reduce -15.9% 0.22% −0.06
WEC WEC Energy Group Inc. Reduce -5.4% 0.13% −0.03
VTI VG Morningstar TS MKT ETF-US Reduce -2.4% 0.35% −0.03
LIF LIFE360 Inc. Reduce -20.2% 0.02% −0.03
NVDA Nvidia Corp. Reduce -0.1% 0.34% −0.03
AVMA Avantis Mod Alloc ETF Reduce -18.7% 0.07% −0.02
BSV Vanguard Short-Term Bond ETF Reduce -7.0% 0.13% −0.02
VTIP Vanguard Short-Term Tips Reduce -3.0% 0.13% −0.02
HYDB iShares High Yield Systemati Reduce -12.4% 0.06% −0.01
ASA ASA Gold and Precious Metals Sold out 0.00% −0.00
VTRS Viatris Inc. Sold out 0.00% −0.00
GNMA iShares Gnma Bond ETF Sold out 0.00% −0.00
OGN Organon & Co. Sold out 0.00% −0.00
VCIT Vanguard Int-Term Corporate Sold out 0.00% 0.00

Portfolio Buys Q3 2025 → Q4 2025
VSDM Vanguard Short Tax-Ex Bond Add +52.9% 3.58% +1.05
IXUS iShares Core Intl Stock ETF New 1.05% +1.05
DFAC Dimensional US Core Equity 2 Add +36.2% 3.30% +0.76
DFAX Dimensional World Ex US Core Add +24.6% 3.37% +0.58
VSDB Vanguard Short Dur Bond ETF Add +60.6% 1.35% +0.44
VCRM Vanguard Core Tax-Ex Bond Add +37.9% 1.27% +0.28
VPLS Vanguard Core-Plus Bond ETF Add +12.0% 7.42% +0.24
SLV iShares Silver Trust Add +450.0% 0.15% +0.13
DFAW Dimensional World Eqty ETF Add +18.4% 0.98% +0.11
ENFR Alerian Energy Infrastructur Add +419.1% 0.10% +0.08
VIG Vanguard Dividend Apprec ETF Add +7.5% 5.47% +0.07
ERET iShares Env Aware Re Estate New 0.04% +0.04
SUSL iShares ESG MSCI USA Leaders Add +100.8% 0.07% +0.03
RGTI Rigetti Computing Inc. New 0.02% +0.02
SCHD Schwab US DVD Equity ETF Add +7.5% 5.53% +0.02
INMU iShares Intermediate Muni Inc. Add +7.7% 3.36% +0.02
VLUE iShares MSCI USA Value Facto Add +0.6% 0.83% +0.02
AMGN Amgen Inc. Add +0.6% 0.16% +0.01
BAI Ishrs AI in and Tech Act ETF New 0.01% +0.01
MOAT Vaneck Morningstar Wide Moat New 0.01% +0.01
JNJ Johnson & Johnson Add +0.4% 0.17% +0.01
CSCO Cisco Systems Inc. Add +0.6% 0.14% +0.01
TFC Truist Financial Corp. Add +1.1% 0.56% +0.01
SMH Vaneck Semiconductor ETF New 0.00% +0.00
IFRA iShares US Infrastructure New 0.00% +0.00
IBIT iShares Bitcoin Trust ETF New 0.00% +0.00
GS Goldman Sachs Group Inc. Add +0.4% 0.11% +0.00
DFSI Dimensional Int Sus COR1 ETF Add +16.4% 0.02% +0.00
MRK Merck & Co. Inc. Add +1.6% 0.01% +0.00
XLV SS Health Care Select Sector Add +0.3% 0.03% +0.00
AOA iShares Core 80/20 Aggressiv New 0.00% +0.00
DFSE Dimensional Em Sus CORE1 ETF Add +8.6% 0.04% +0.00
FPX First Trust US Equity Opport Add +31.3% 0.00% +0.00
XOM Exxon Mobil Corp. Add +0.9% 0.02% 0.00
PFE Pfizer Inc. Add +1.6% 0.00% −0.00
DFIC Dimensional International Co. Add +0.7% 0.02% −0.00
VTEB Vanguard Tax-Exempt Bond ETF Add +1.1% 0.01% −0.00
SCHA Schwab US Small-Cap ETF Add +0.4% 0.01% −0.00
AAPL Apple Inc. Add +0.1% 0.14% −0.00
SCHY Schwab International DVD ETF Add +0.4% 0.33% −0.00
DFEM Dimensional Emrg MRKT Core Add +0.6% 0.05% −0.00
EOG EOG Resources Inc. Add +0.9% 0.01% −0.00
NRG NRG Energy Inc. Add +0.4% 0.02% −0.00
DGRW Wisdomtree U.S. Quality Divi Add +0.4% 0.03% −0.00
EMR Emerson Electric Co. Add +0.1% 0.05% −0.00
MMM 3M Co. Add +0.4% 0.08% −0.00
IUSV iShares Core S&P U.S. Value Add +0.5% 0.09% −0.00
RBLD First Trust Alerian US Nextg Add +1.3% 0.07% −0.01
TRV The Travelers Cos Inc. Add +0.2% 0.17% −0.01
IUSG iShares Core S&P U.S. Growth Add +0.2% 0.13% −0.01

Notes & Other Activity Q3 2025 → Q4 2025
NXPI NXP Semiconductors NV COM New 0 $76

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

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