Keystone Financial Services

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed January 31, 2025), Keystone Financial Services reported 102 stock positions worth $261.2 million. Its top holding was iShares Core S&P 500 ETF (IVV) at 18.9% of the portfolio, followed by Ishr CR Unvrse Usd BD ETF-Ui (IUSB, 11.6%) and iShares S&P 500 Growth ETF (IVW, 8.0%). Compared with Q3 2024, it opened 11 new positions, sold out of 6, added to 61 and reduced 21. The biggest buy was iShares S&P 500 Growth ETF (IVW, shares +1%) and the biggest sale an exit from Chevron (CVX).

Most Recent 13F
Q2 2026
Location
LOVELAND, CO
CIK
0001865158
Portfolio Value
$261.2M (Q4 2024)
SEC Filing
0001865158-25-000001 ↗ filed Jan 31, 2025

Holdings Value

0$100.0M$200.0M$300.0M$400.0M Q1 2024: $229.2M Q1 2024 Q2 2024: $241.3M Q2 2024 Q3 2024: $257.9M Q3 2024 Q4 2024: $261.2M $261.2M Q4 2024 Q1 2025: $262.4M Q1 2025 Q2 2025: $294.0M Q2 2025 Q3 2025: $322.7M Q3 2025 Q4 2025: $331.3M Q4 2025 Q1 2026: $340.7M Q1 2026 Q2 2026: $388.4M Q2 2026

Holdings 102 stocks · $261.2M
IVV iShares Core S&P 500 ETF 18.88% 83,764 $49.3M Add +1.0%
IUSB Ishr CR Unvrse Usd BD ETF-Ui 11.60% 670,145 $30.3M Add +0.9%
IVW iShares S&P 500 Growth ETF 8.03% 206,680 $21.0M Add +1.3%
QUAL iShares MSCI USA Quality Fac 6.92% 101,512 $18.1M Add +1.5%
DYNF Ishrs US E F R A ETF-Usd Inc. 6.78% 345,662 $17.7M Add +1.2%
EFV iShares MSCI Eafe Value ETF 5.43% 270,503 $14.2M Add +2.4%
EFG iShares MSCI Eafe Growth ETF 4.95% 133,650 $12.9M Add +2.7%
IVE iShares S&P 500 Value ETF 3.91% 53,466 $10.2M Add +1.4%
IYW iShares Ustechnology ETF 2.80% 45,790 $7.3M Add +1.1%
EMXC iShares MSCI Emr MRK Ex Chna 2.74% 129,100 $7.2M Add +2.3%
MBB iShares MBS ETF 2.46% 69,980 $6.4M Add +1.5%
BRK.B Berkshire Hathaway Inc. Class B 1.29% 7,436 $3.4M Add +2.3%
IEMG iShares Core MSCI Emerging 1.27% 63,492 $3.3M Add +1.3%
TLT iShares 20+ Year Treasury BD 1.26% 37,659 $3.3M Add +0.5%
BINC iShares Flex I A ETF-Usd Inc. 1.10% 55,154 $2.9M Add +0.7%
META Meta Platforms Inc. Class A 0.85% 3,771 $2.2M Reduce -0.8%
IFRA iShares US Infrastructure 0.79% 44,778 $2.1M Add +1.1%
JPM JPMorgan Chase & Co. 0.78% 8,512 $2.0M Add +1.4%
GOOG Alphabet Inc. Class C 0.77% 10,564 $2.0M Add +0.9%
ORCL Oracle Corp. 0.76% 11,922 $2.0M Add +1.3%
BKNG Booking Holdings Inc. 0.69% 365 $1.8M Reduce -7.6%
SCHW Schwab (charles) Corp. 0.53% 18,685 $1.4M Add +1.7%
WFC Wells Fargo & Co. 0.50% 18,518 $1.3M Reduce -4.2%
PM Philip Morris International 0.50% 10,783 $1.3M Add +3.5%
LCTU iShares U.S. Carbon Transiti 0.47% 19,008 $1.2M Add +0.0%
MSFT Microsoft Corp. 0.45% 2,763 $1.2M Add +1.8%
KMX Carmax Inc. 0.38% 12,097 $989K Add +1.7%
DFAC Dimensional US Core Equity 2 0.38% 28,553 $988K New
V Visa Inc. Class A 0.38% 3,102 $981K Add +0.3%
AAPL Apple Inc. 0.37% 3,900 $977K No change
CMCSA Comcast Corp. Class A 0.37% 25,793 $968K Add +2.6%
EBAY eBay Inc. 0.37% 15,488 $959K Add +1.6%
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.34% 11,448 $880K Add +2.6%
USXF iShares ESG Advance MSCI USA 0.32% 17,017 $846K Add +0.0%
VTI VG Morningstar TS MKT ETF-US 0.31% 2,817 $817K Reduce -1.7%
BDX Becton Dickinson and Co. 0.31% 3,576 $811K Add +19.3%
DSI iShares ESG MSCI KLD 400 ETF 0.31% 7,236 $798K Add +0.0%
EMB iShares JP Morgan Usd Emergi 0.31% 8,956 $797K Add +0.5%
ADI Analog Devices Inc. 0.30% 3,730 $792K Add +2.7%
MCK McKesson Corp. 0.30% 1,387 $791K Add +2.7%
NVS Novartis AG-Sponsored ADR 0.27% 7,374 $718K Add +3.3%
UL Unilever PLC 0.26% 12,174 $690K Add +5.7%
SNY Sanofi-ADR 0.26% 13,883 $670K Add +2.0%
QQQ Invesco QQQ Trust Series 1 0.25% 1,276 $652K No change
XOM Exxon Mobil Corp. 0.25% 5,980 $643K Add +3.0%
GD General Dynamics Corp. 0.24% 2,383 $628K Add +3.4%
SUSC iShares ESG Aware Usd Corpor 0.24% 27,166 $617K No change
ESGU iShares ESG Aware MSCI USA 0.23% 4,738 $610K No change
SPY SS SPDR S&P 500 ETF Trust-US 0.23% 1,040 $610K Add +0.2%
VB Vanguard Most SM-Cap ETF-Usd 0.22% 2,344 $563K No change
MDT Medtronic PLC 0.20% 6,630 $530K Add +8.1%
ELV Elevance Health Inc. 0.20% 1,436 $530K Add +2.4%
DMXF iShares ESG Advanc MSCI Eafe 0.20% 8,184 $529K Add +0.1%
COP Conocophillips 0.19% 5,130 $509K Add +9.0%
VOO Vanguard S&P 500 ETF 0.19% 934 $503K New
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.19% 11,328 $498K Add +3.2%
DFAX Dimensional World Ex US Core 0.18% 19,041 $473K New
XLK SS Technology Select Sector 0.18% 2,035 $473K No change
GOOGL Alphabet Inc. Class A 0.18% 2,490 $471K Reduce -1.4%
ZBRA Zebra Technologies Corp. Class A 0.17% 1,164 $450K Reduce -0.8%
AVGO Broadcom Inc. 0.17% 1,865 $432K Add +21.1%
IGEB iShares Investment Grade SYS 0.17% 9,724 $431K Reduce -18.1%
RTX RTX Corp. 0.16% 3,636 $421K Add +1.0%
FISV Fiserv Inc. 0.15% 1,917 $394K Reduce -5.2%
AHR American Healthcare REIT Inc. 0.15% 13,794 $392K Reduce -27.0%
OMC Omnicom Group 0.14% 4,131 $355K Add +2.1%
AMZN Amazon.com Inc. 0.13% 1,579 $346K Reduce -1.1%
GOVT iShares US Treasury Bond ETF 0.13% 14,662 $337K Reduce -1.2%
QCOM Qualcomm Inc. 0.13% 2,152 $331K Reduce -0.1%
INGR Ingredion Inc. 0.13% 2,391 $329K Reduce -5.9%
ENB Enbridge Inc. 0.12% 7,598 $322K Reduce -0.8%
WMG Warner Music Group Corp. Class A 0.12% 10,336 $320K Add +4.4%
MTUM iShares MSCI USA Momentum Fa 0.12% 1,517 $314K New
YUMC Yum China Holdings Inc. 0.11% 6,193 $298K No change
ESGE iShares Inc. iShares ESG Awar 0.11% 8,721 $291K Add +0.2%
ALLE Allegion PLC 0.11% 2,148 $281K Reduce -0.8%
WH Wyndham Hotels & Resorts Inc. 0.11% 2,778 $280K Reduce -5.2%
TSM Taiwan Semiconductor-SP ADR 0.11% 1,393 $275K Reduce -0.7%
ICVT iShares Convertible Bond ETF 0.10% 3,226 $274K Add +5.6%
BR Broadridge Financial Solutio 0.10% 1,187 $268K Reduce -3.2%
DDOG Datadog Inc. Class A 0.10% 1,812 $259K Add +2.9%
ANET Arista Networks Inc. 0.10% 2,335 $258K Add +2.8%
NTRS Northern Trust Corp. 0.10% 2,481 $254K Add +2.9%
DFCF Dimensional Core Fixed Inc. 0.09% 5,914 $244K New
PODD Insulet Corp. 0.09% 927 $242K Add +2.8%
CBSH Commerce Bancshares Inc. 0.09% 3,882 $242K Add +7.1%
RTO Rentokil Initial PLC-SP ADR 0.09% 9,335 $236K New
INTC Intel Corp. 0.09% 11,781 $236K Reduce -3.3%
BIO Bio-Rad Laboratories-A 0.09% 719 $236K New
VRSN Verisign Inc. 0.09% 1,137 $235K Add +7.6%
CI The Cigna Group 0.09% 817 $226K No change
WMB Williams Cos Inc. 0.09% 4,110 $222K New
TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC 0.08% 1,929 $218K Add +2.3%
XLV SS Health Care Select Sector 0.08% 1,567 $216K No change
FLS Flowserve Corp. 0.08% 3,699 $213K New
MA Mastercard Inc. Class A 0.08% 398 $210K New
SNV Synovus Financial Corp. 0.08% 4,090 $210K New
CEG Constellation Energy 0.08% 916 $205K Add +2.0%
SOFI Sofi Technologies Inc. 0.08% 13,165 $203K Add +4.3%
PK Park Hotels & Resorts Inc. 0.06% 10,998 $155K Add +2.9%
WBD Warner Bros Discovery Inc. 0.06% 14,513 $153K Reduce -0.2%
HBI Hanesbrands Inc. 0.05% 15,754 $128K Reduce -6.5%

Portfolio Sells Q3 2024 → Q4 2024
CVX Chevron Corp. Sold out 0.00% −0.10
LMT Lockheed Martin Corp. Sold out 0.00% −0.09
IQV Iqvia Holdings Inc. Sold out 0.00% −0.09
NFG National Fuel Gas Co. Sold out 0.00% −0.09
CRL Charles River Laboratories Sold out 0.00% −0.08
NTAP Netapp Inc. Sold out 0.00% −0.08
IGEB iShares Investment Grade SYS Reduce -18.1% 0.17% −0.05
AHR American Healthcare REIT Inc. Reduce -27.0% 0.15% −0.04
INTC Intel Corp. Reduce -3.3% 0.09% −0.02
QCOM Qualcomm Inc. Reduce -0.1% 0.13% −0.02
ALLE Allegion PLC Reduce -0.8% 0.11% −0.01
INGR Ingredion Inc. Reduce -5.9% 0.13% −0.01
GOVT iShares US Treasury Bond ETF Reduce -1.2% 0.13% −0.01
VTI VG Morningstar TS MKT ETF-US Reduce -1.7% 0.31% −0.00
BR Broadridge Financial Solutio Reduce -3.2% 0.10% +0.00
HBI Hanesbrands Inc. Reduce -6.5% 0.05% +0.00
META Meta Platforms Inc. Class A Reduce -0.8% 0.85% +0.00
ENB Enbridge Inc. Reduce -0.8% 0.12% +0.00
ZBRA Zebra Technologies Corp. Class A Reduce -0.8% 0.17% +0.00
FISV Fiserv Inc. Reduce -5.2% 0.15% +0.01
TSM Taiwan Semiconductor-SP ADR Reduce -0.7% 0.11% +0.01
WBD Warner Bros Discovery Inc. Reduce -0.2% 0.06% +0.01
AMZN Amazon.com Inc. Reduce -1.1% 0.13% +0.02
GOOGL Alphabet Inc. Class A Reduce -1.4% 0.18% +0.02
WH Wyndham Hotels & Resorts Inc. Reduce -5.2% 0.11% +0.02
BKNG Booking Holdings Inc. Reduce -7.6% 0.69% +0.05
WFC Wells Fargo & Co. Reduce -4.2% 0.50% +0.07

Portfolio Buys Q3 2024 → Q4 2024
IVW iShares S&P 500 Growth ETF Add +1.3% 8.03% +0.45
DFAC Dimensional US Core Equity 2 New 0.38% +0.38
IVV iShares Core S&P 500 ETF Add +1.0% 18.88% +0.33
DYNF Ishrs US E F R A ETF-Usd Inc. Add +1.2% 6.78% +0.23
VOO Vanguard S&P 500 ETF New 0.19% +0.19
DFAX Dimensional World Ex US Core New 0.18% +0.18
IYW iShares Ustechnology ETF Add +1.1% 2.80% +0.13
MTUM iShares MSCI USA Momentum Fa New 0.12% +0.12
JPM JPMorgan Chase & Co. Add +1.4% 0.78% +0.10
DFCF Dimensional Core Fixed Inc. New 0.09% +0.09
GOOG Alphabet Inc. Class C Add +0.9% 0.77% +0.09
RTO Rentokil Initial PLC-SP ADR New 0.09% +0.09
BIO Bio-Rad Laboratories-A New 0.09% +0.09
WMB Williams Cos Inc. New 0.09% +0.09
FLS Flowserve Corp. New 0.08% +0.08
MA Mastercard Inc. Class A New 0.08% +0.08
SNV Synovus Financial Corp. New 0.08% +0.08
SCHW Schwab (charles) Corp. Add +1.7% 0.53% +0.07
AVGO Broadcom Inc. Add +21.1% 0.17% +0.06
V Visa Inc. Class A Add +0.3% 0.38% +0.05
MCK McKesson Corp. Add +2.7% 0.30% +0.04
SOFI Sofi Technologies Inc. Add +4.3% 0.08% +0.04
BDX Becton Dickinson and Co. Add +19.3% 0.31% +0.03
BNY Bank of New York Mellon Corp. Add +2.6% 0.34% +0.03
KMX Carmax Inc. Add +1.7% 0.38% +0.02
BAC Bank of America Corp. Add +3.2% 0.19% +0.02
DDOG Datadog Inc. Class A Add +2.9% 0.10% +0.02
ANET Arista Networks Inc. Add +2.8% 0.10% +0.01
NTRS Northern Trust Corp. Add +2.9% 0.10% +0.01
VRSN Verisign Inc. Add +7.6% 0.09% +0.01
PODD Insulet Corp. Add +2.8% 0.09% +0.01
CBSH Commerce Bancshares Inc. Add +7.1% 0.09% +0.01
PM Philip Morris International Add +3.5% 0.50% +0.01
ICVT iShares Convertible Bond ETF Add +5.6% 0.10% +0.01
TROW T Rowe Price Group Inc. Add +2.3% 0.08% +0.00
LCTU iShares U.S. Carbon Transiti Add +0.0% 0.47% +0.00
COP Conocophillips Add +9.0% 0.19% +0.00
SPY SS SPDR S&P 500 ETF Trust-US Add +0.2% 0.23% +0.00
WMG Warner Music Group Corp. Class A Add +4.4% 0.12% +0.00
PK Park Hotels & Resorts Inc. Add +2.9% 0.06% +0.00
DSI iShares ESG MSCI KLD 400 ETF Add +0.0% 0.31% +0.00
USXF iShares ESG Advance MSCI USA Add +0.0% 0.32% +0.00
BRK.B Berkshire Hathaway Inc. Class B Add +2.3% 1.29% −0.01
MSFT Microsoft Corp. Add +1.8% 0.45% −0.01
RTX RTX Corp. Add +1.0% 0.16% −0.01
ESGE iShares Inc. iShares ESG Awar Add +0.2% 0.11% −0.01
MDT Medtronic PLC Add +8.1% 0.20% −0.01
CEG Constellation Energy Add +2.0% 0.08% −0.01
IFRA iShares US Infrastructure Add +1.1% 0.79% −0.01
ORCL Oracle Corp. Add +1.3% 0.76% −0.02

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 131$388.4MIVV, IUSB, IVW, DYNF, IVE
Q1 2026 119$340.7MIVV, IVE, IVW, IUSB, DYNF
Q4 2025 121$331.3MIVV, DYNF, IUSB, IVW, IVE
Q3 2025 128$322.7MIUSB, QUAL, IVV, EFV, IVW
Q2 2025 116$294.0MIUSB, IVV, QUAL, EFV, IVW
Q1 2025 100$262.4MIVV, IUSB, QUAL, IVW, DYNF
Q4 2024 102$261.2MIVV, IUSB, IVW, QUAL, DYNF
Q3 2024 97$257.9MIVV, IUSB, IVW, QUAL, DYNF
Q2 2024 87$241.3MIVV, IUSB, IVW, QUAL, DYNF
Q1 2024 86$229.2MIVV, IUSB, QUAL, DYNF, EFV