Keystone Financial Services
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 23, 2025), Keystone Financial Services reported 100 stock positions worth $262.4 million. Its top holding was iShares Core S&P 500 ETF (IVV) at 15.6% of the portfolio, followed by Ishr CR Unvrse Usd BD ETF-Ui (IUSB, 9.8%) and iShares MSCI USA Quality Fac (QUAL, 8.0%). Compared with Q4 2024, it opened 10 new positions, sold out of 12, added to 34 and reduced 49. The biggest buy was a new position in iShares S&P 100 ETF (OEF) and the biggest sale iShares Core S&P 500 ETF (IVV, shares −13%).
- Most Recent 13F
- Q2 2026
- Location
- LOVELAND, CO
- CIK
- 0001865158
- Portfolio Value
- $262.4M (Q1 2025)
- SEC Filing
- 0001865158-25-000002 ↗ filed Apr 23, 2025
Holdings Value
Holdings 100 stocks · $262.4M
| IVV iShares Core S&P 500 ETF | 15.63% | 72,989 | $41.0M | Reduce -12.9% |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | 9.77% | 556,534 | $25.6M | Reduce -16.9% |
| QUAL iShares MSCI USA Quality Fac | 8.01% | 123,002 | $21.0M | Add +21.2% |
| IVW iShares S&P 500 Growth ETF | 7.46% | 210,987 | $19.6M | Add +2.1% |
| DYNF Ishrs US E F R A ETF-Usd Inc. | 6.51% | 350,203 | $17.1M | Add +1.3% |
| IVE iShares S&P 500 Value ETF | 5.46% | 75,227 | $14.3M | Add +40.7% |
| EFV iShares MSCI Eafe Value ETF | 4.59% | 204,216 | $12.0M | Reduce -24.5% |
| EFG iShares MSCI Eafe Growth ETF | 3.00% | 78,827 | $7.9M | Reduce -41.0% |
| IYW iShares Ustechnology ETF | 2.52% | 47,034 | $6.6M | Add +2.7% |
| EMXC iShares MSCI Emr MRK Ex Chna | 2.33% | 111,123 | $6.1M | Reduce -13.9% |
| IEMG iShares Core MSCI Emerging | 2.26% | 109,861 | $5.9M | Add +73.0% |
| MTUM iShares MSCI USA Momentum Fa | 2.05% | 26,574 | $5.4M | Add +1651.8% |
| OEF iShares S&P 100 ETF | 1.97% | 19,075 | $5.2M | New |
| MBB iShares MBS ETF | 1.97% | 54,987 | $5.2M | Reduce -21.4% |
| TLH iShares 10-20 Year Treasury | 1.74% | 43,981 | $4.6M | New |
| BRK.B Berkshire Hathaway Inc. Class B | 1.47% | 7,230 | $3.9M | Reduce -2.8% |
| IAU iShares Gold Trust | 1.32% | 58,543 | $3.5M | New |
| BINC iShares Flex I A ETF-Usd Inc. | 1.15% | 57,566 | $3.0M | Add +4.4% |
| HEFA Isha Curr Hedged MSCI Eafe | 1.07% | 77,082 | $2.8M | New |
| JPM JPMorgan Chase & Co. | 0.80% | 8,526 | $2.1M | Add +0.2% |
| META Meta Platforms Inc. Class A | 0.79% | 3,592 | $2.1M | Reduce -4.8% |
| PM Philip Morris International | 0.66% | 10,956 | $1.7M | Add +1.6% |
| ORCL Oracle Corp. | 0.62% | 11,605 | $1.6M | Reduce -2.7% |
| GOOG Alphabet Inc. Class C | 0.61% | 10,201 | $1.6M | Reduce -3.4% |
| BKNG Booking Holdings Inc. | 0.59% | 335 | $1.5M | Reduce -8.2% |
| SCHW Schwab (charles) Corp. | 0.55% | 18,454 | $1.4M | Reduce -1.2% |
| MSFT Microsoft Corp. | 0.49% | 3,421 | $1.3M | Add +23.8% |
| WFC Wells Fargo & Co. | 0.48% | 17,381 | $1.2M | Reduce -6.1% |
| MUB iShares National Muni Bond E | 0.45% | 11,274 | $1.2M | New |
| EMB iShares JP Morgan Usd Emergi | 0.45% | 13,121 | $1.2M | Add +46.5% |
| LCTU iShares U.S. Carbon Transiti | 0.43% | 18,811 | $1.1M | Reduce -1.0% |
| V Visa Inc. Class A | 0.41% | 3,080 | $1.1M | Reduce -0.7% |
| DFAC Dimensional US Core Equity 2 | 0.37% | 29,176 | $963K | Add +2.2% |
| USXF iShares ESG Advance MSCI USA | 0.36% | 20,309 | $948K | Add +19.4% |
| MCK McKesson Corp. | 0.36% | 1,404 | $945K | Add +1.2% |
| CMCSA Comcast Corp. Class A | 0.36% | 25,594 | $944K | Reduce -0.8% |
| EBAY eBay Inc. | 0.36% | 13,897 | $941K | Reduce -10.3% |
| KMX Carmax Inc. | 0.35% | 11,814 | $921K | Reduce -2.3% |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 0.34% | 10,495 | $880K | Reduce -8.3% |
| AAPL Apple Inc. | 0.33% | 3,900 | $866K | No change |
| ESGU iShares ESG Aware MSCI USA | 0.32% | 6,918 | $843K | Add +46.0% |
| NVS Novartis AG-Sponsored ADR | 0.32% | 7,492 | $835K | Add +1.6% |
| TLT iShares 20+ Year Treasury BD | 0.31% | 9,030 | $822K | Reduce -76.0% |
| BDX Becton Dickinson and Co. | 0.31% | 3,576 | $819K | No change |
| VTI VG Morningstar TS MKT ETF-US | 0.30% | 2,826 | $777K | Add +0.3% |
| ADI Analog Devices Inc. | 0.29% | 3,791 | $765K | Add +1.6% |
| SNY Sanofi-ADR | 0.29% | 13,786 | $765K | Reduce -0.7% |
| UL Unilever PLC | 0.29% | 12,691 | $756K | Add +4.3% |
| DSI iShares ESG MSCI KLD 400 ETF | 0.28% | 7,115 | $729K | Reduce -1.7% |
| XOM Exxon Mobil Corp. | 0.27% | 6,064 | $721K | Add +1.4% |
| GD General Dynamics Corp. | 0.25% | 2,421 | $660K | Add +1.6% |
| ELV Elevance Health Inc. | 0.25% | 1,479 | $643K | Add +3.0% |
| MDT Medtronic PLC | 0.24% | 6,992 | $628K | Add +5.5% |
| VOO Vanguard S&P 500 ETF | 0.24% | 1,218 | $626K | Add +30.4% |
| QQQ Invesco QQQ Trust Series 1 | 0.23% | 1,276 | $598K | No change |
| COP Conocophillips | 0.22% | 5,588 | $587K | Add +8.9% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.22% | 1,033 | $578K | Reduce -0.7% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.20% | 2,344 | $520K | No change |
| SUSC iShares ESG Aware Usd Corpor | 0.20% | 22,435 | $517K | Reduce -17.4% |
| ICVT iShares Convertible Bond ETF | 0.19% | 6,060 | $507K | Add +87.8% |
| DFAX Dimensional World Ex US Core | 0.19% | 18,642 | $488K | Reduce -2.1% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.18% | 11,476 | $479K | Add +1.3% |
| AVGO Broadcom Inc. | 0.18% | 2,825 | $473K | Add +51.5% |
| RTX RTX Corp. | 0.17% | 3,361 | $445K | Reduce -7.6% |
| XLK SS Technology Select Sector | 0.16% | 2,035 | $420K | No change |
| DMXF iShares ESG Advanc MSCI Eafe | 0.15% | 5,926 | $399K | Reduce -27.6% |
| GOOGL Alphabet Inc. Class A | 0.15% | 2,498 | $386K | Add +0.3% |
| FISV Fiserv Inc. | 0.15% | 1,737 | $384K | Reduce -9.4% |
| GOVT iShares US Treasury Bond ETF | 0.14% | 15,992 | $368K | Add +9.1% |
| OMC Omnicom Group | 0.13% | 4,093 | $339K | Reduce -0.9% |
| ZBRA Zebra Technologies Corp. Class A | 0.12% | 1,075 | $304K | Reduce -7.7% |
| EAGG iShares ESG Aware US Aggrega | 0.11% | 6,330 | $301K | New |
| ESGE iShares Inc. iShares ESG Awar | 0.11% | 8,592 | $300K | Reduce -1.5% |
| ALLE Allegion PLC | 0.11% | 2,278 | $297K | Add +6.0% |
| ENB Enbridge Inc. | 0.11% | 6,662 | $295K | Reduce -12.3% |
| AMZN Amazon.com Inc. | 0.11% | 1,551 | $295K | Reduce -1.8% |
| INGR Ingredion Inc. | 0.11% | 2,169 | $293K | Reduce -9.3% |
| QCOM Qualcomm Inc. | 0.11% | 1,895 | $291K | Reduce -11.9% |
| WMG Warner Music Group Corp. Class A | 0.11% | 9,277 | $291K | Reduce -10.3% |
| YUMC Yum China Holdings Inc. | 0.11% | 5,581 | $291K | Reduce -9.9% |
| SPDW Ste STR SPDR PT DW Eu ETF | 0.10% | 7,423 | $270K | New |
| INTC Intel Corp. | 0.10% | 11,781 | $268K | No change |
| RTO Rentokil Initial PLC-SP ADR | 0.10% | 11,392 | $261K | Add +22.0% |
| VRSN Verisign Inc. | 0.10% | 1,012 | $257K | Reduce -11.0% |
| WMB Williams Cos Inc. | 0.09% | 4,086 | $244K | Reduce -0.6% |
| NTRS Northern Trust Corp. | 0.09% | 2,469 | $244K | Reduce -0.5% |
| PODD Insulet Corp. | 0.09% | 920 | $242K | Reduce -0.8% |
| CI The Cigna Group | 0.09% | 713 | $235K | Reduce -12.7% |
| WH Wyndham Hotels & Resorts Inc. | 0.09% | 2,550 | $231K | Reduce -8.2% |
| XLV SS Health Care Select Sector | 0.09% | 1,567 | $229K | No change |
| TSM Taiwan Semiconductor-SP ADR | 0.09% | 1,369 | $227K | Reduce -1.7% |
| CBSH Commerce Bancshares Inc. | 0.09% | 3,640 | $227K | Reduce -6.2% |
| MA Mastercard Inc. Class A | 0.08% | 401 | $220K | Add +0.8% |
| DCOR Dimensional US Core Eq 1 ETF | 0.08% | 3,578 | $219K | New |
| FANG Diamondback Energy Inc. | 0.08% | 1,336 | $214K | New |
| RYAN Ryan Specialty Holdings Inc. | 0.08% | 2,879 | $213K | New |
| SOFI Sofi Technologies Inc. | 0.06% | 13,086 | $152K | Reduce -0.6% |
| WBD Warner Bros Discovery Inc. | 0.05% | 12,951 | $139K | Reduce -10.8% |
| PK Park Hotels & Resorts Inc. | 0.04% | 10,191 | $109K | Reduce -7.3% |
| HBI Hanesbrands Inc. | 0.03% | 14,524 | $84K | Reduce -7.8% |
Portfolio Sells Q4 2024 → Q1 2025
| IVV iShares Core S&P 500 ETF | Reduce -12.9% | 15.63% | −3.25 |
| EFG iShares MSCI Eafe Growth ETF | Reduce -41.0% | 3.00% | −1.95 |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | Reduce -16.9% | 9.77% | −1.82 |
| TLT iShares 20+ Year Treasury BD | Reduce -76.0% | 0.31% | −0.95 |
| EFV iShares MSCI Eafe Value ETF | Reduce -24.5% | 4.59% | −0.85 |
| IFRA iShares US Infrastructure | Sold out | 0.00% | −0.79 |
| MBB iShares MBS ETF | Reduce -21.4% | 1.97% | −0.49 |
| EMXC iShares MSCI Emr MRK Ex Chna | Reduce -13.9% | 2.33% | −0.41 |
| IGEB iShares Investment Grade SYS | Sold out | 0.00% | −0.17 |
| GOOG Alphabet Inc. Class C | Reduce -3.4% | 0.61% | −0.16 |
| AHR American Healthcare REIT Inc. | Sold out | 0.00% | −0.15 |
| ORCL Oracle Corp. | Reduce -2.7% | 0.62% | −0.14 |
| BKNG Booking Holdings Inc. | Reduce -8.2% | 0.59% | −0.11 |
| BR Broadridge Financial Solutio | Sold out | 0.00% | −0.10 |
| DDOG Datadog Inc. Class A | Sold out | 0.00% | −0.10 |
| ANET Arista Networks Inc. | Sold out | 0.00% | −0.10 |
| DFCF Dimensional Core Fixed Inc. | Sold out | 0.00% | −0.09 |
| BIO Bio-Rad Laboratories-A | Sold out | 0.00% | −0.09 |
| TROW T Rowe Price Group Inc. | Sold out | 0.00% | −0.08 |
| FLS Flowserve Corp. | Sold out | 0.00% | −0.08 |
| SNV Synovus Financial Corp. | Sold out | 0.00% | −0.08 |
| CEG Constellation Energy | Sold out | 0.00% | −0.08 |
| ZBRA Zebra Technologies Corp. Class A | Reduce -7.7% | 0.12% | −0.06 |
| META Meta Platforms Inc. Class A | Reduce -4.8% | 0.79% | −0.06 |
| DMXF iShares ESG Advanc MSCI Eafe | Reduce -27.6% | 0.15% | −0.05 |
| SUSC iShares ESG Aware Usd Corpor | Reduce -17.4% | 0.20% | −0.04 |
| LCTU iShares U.S. Carbon Transiti | Reduce -1.0% | 0.43% | −0.03 |
| KMX Carmax Inc. | Reduce -2.3% | 0.35% | −0.03 |
| DSI iShares ESG MSCI KLD 400 ETF | Reduce -1.7% | 0.28% | −0.03 |
| WFC Wells Fargo & Co. | Reduce -6.1% | 0.48% | −0.02 |
| AMZN Amazon.com Inc. | Reduce -1.8% | 0.11% | −0.02 |
| SOFI Sofi Technologies Inc. | Reduce -0.6% | 0.06% | −0.02 |
| WH Wyndham Hotels & Resorts Inc. | Reduce -8.2% | 0.09% | −0.02 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -1.7% | 0.09% | −0.02 |
| PK Park Hotels & Resorts Inc. | Reduce -7.3% | 0.04% | −0.02 |
| HBI Hanesbrands Inc. | Reduce -7.8% | 0.03% | −0.02 |
| QCOM Qualcomm Inc. | Reduce -11.9% | 0.11% | −0.02 |
| INGR Ingredion Inc. | Reduce -9.3% | 0.11% | −0.01 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -0.7% | 0.22% | −0.01 |
| WMG Warner Music Group Corp. Class A | Reduce -10.3% | 0.11% | −0.01 |
| ENB Enbridge Inc. | Reduce -12.3% | 0.11% | −0.01 |
| CMCSA Comcast Corp. Class A | Reduce -0.8% | 0.36% | −0.01 |
| EBAY eBay Inc. | Reduce -10.3% | 0.36% | −0.01 |
| OMC Omnicom Group | Reduce -0.9% | 0.13% | −0.01 |
| CBSH Commerce Bancshares Inc. | Reduce -6.2% | 0.09% | −0.01 |
| WBD Warner Bros Discovery Inc. | Reduce -10.8% | 0.05% | −0.01 |
| FISV Fiserv Inc. | Reduce -9.4% | 0.15% | −0.00 |
| NTRS Northern Trust Corp. | Reduce -0.5% | 0.09% | −0.00 |
| YUMC Yum China Holdings Inc. | Reduce -9.9% | 0.11% | −0.00 |
| BNY Bank of New York Mellon Corp. | Reduce -8.3% | 0.34% | −0.00 |
Portfolio Buys Q4 2024 → Q1 2025
| OEF iShares S&P 100 ETF | New | 1.97% | +1.97 |
| MTUM iShares MSCI USA Momentum Fa | Add +1651.8% | 2.05% | +1.93 |
| TLH iShares 10-20 Year Treasury | New | 1.74% | +1.74 |
| IVE iShares S&P 500 Value ETF | Add +40.7% | 5.46% | +1.56 |
| IAU iShares Gold Trust | New | 1.32% | +1.32 |
| QUAL iShares MSCI USA Quality Fac | Add +21.2% | 8.01% | +1.09 |
| HEFA Isha Curr Hedged MSCI Eafe | New | 1.07% | +1.07 |
| IEMG iShares Core MSCI Emerging | Add +73.0% | 2.26% | +0.99 |
| MUB iShares National Muni Bond E | New | 0.45% | +0.45 |
| PM Philip Morris International | Add +1.6% | 0.66% | +0.17 |
| EMB iShares JP Morgan Usd Emergi | Add +46.5% | 0.45% | +0.15 |
| EAGG iShares ESG Aware US Aggrega | New | 0.11% | +0.11 |
| SPDW Ste STR SPDR PT DW Eu ETF | New | 0.10% | +0.10 |
| ICVT iShares Convertible Bond ETF | Add +87.8% | 0.19% | +0.09 |
| ESGU iShares ESG Aware MSCI USA | Add +46.0% | 0.32% | +0.09 |
| DCOR Dimensional US Core Eq 1 ETF | New | 0.08% | +0.08 |
| FANG Diamondback Energy Inc. | New | 0.08% | +0.08 |
| RYAN Ryan Specialty Holdings Inc. | New | 0.08% | +0.08 |
| MCK McKesson Corp. | Add +1.2% | 0.36% | +0.06 |
| BINC iShares Flex I A ETF-Usd Inc. | Add +4.4% | 1.15% | +0.05 |
| VOO Vanguard S&P 500 ETF | Add +30.4% | 0.24% | +0.05 |
| MSFT Microsoft Corp. | Add +23.8% | 0.49% | +0.04 |
| NVS Novartis AG-Sponsored ADR | Add +1.6% | 0.32% | +0.04 |
| ELV Elevance Health Inc. | Add +3.0% | 0.25% | +0.04 |
| USXF iShares ESG Advance MSCI USA | Add +19.4% | 0.36% | +0.04 |
| MDT Medtronic PLC | Add +5.5% | 0.24% | +0.04 |
| COP Conocophillips | Add +8.9% | 0.22% | +0.03 |
| XOM Exxon Mobil Corp. | Add +1.4% | 0.27% | +0.03 |
| UL Unilever PLC | Add +4.3% | 0.29% | +0.02 |
| JPM JPMorgan Chase & Co. | Add +0.2% | 0.80% | +0.02 |
| AVGO Broadcom Inc. | Add +51.5% | 0.18% | +0.01 |
| GD General Dynamics Corp. | Add +1.6% | 0.25% | +0.01 |
| GOVT iShares US Treasury Bond ETF | Add +9.1% | 0.14% | +0.01 |
| RTO Rentokil Initial PLC-SP ADR | Add +22.0% | 0.10% | +0.01 |
| ALLE Allegion PLC | Add +6.0% | 0.11% | +0.01 |
| MA Mastercard Inc. Class A | Add +0.8% | 0.08% | +0.00 |
| BAC Bank of America Corp. | Add +1.3% | 0.18% | −0.01 |
| DFAC Dimensional US Core Equity 2 | Add +2.2% | 0.37% | −0.01 |
| ADI Analog Devices Inc. | Add +1.6% | 0.29% | −0.01 |
| VTI VG Morningstar TS MKT ETF-US | Add +0.3% | 0.30% | −0.02 |
| GOOGL Alphabet Inc. Class A | Add +0.3% | 0.15% | −0.03 |
| DYNF Ishrs US E F R A ETF-Usd Inc. | Add +1.3% | 6.51% | −0.27 |
| IYW iShares Ustechnology ETF | Add +2.7% | 2.52% | −0.28 |
| IVW iShares S&P 500 Growth ETF | Add +2.1% | 7.46% | −0.57 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 131 | $388.4M | IVV, IUSB, IVW, DYNF, IVE |
| Q1 2026 | 119 | $340.7M | IVV, IVE, IVW, IUSB, DYNF |
| Q4 2025 | 121 | $331.3M | IVV, DYNF, IUSB, IVW, IVE |
| Q3 2025 | 128 | $322.7M | IUSB, QUAL, IVV, EFV, IVW |
| Q2 2025 | 116 | $294.0M | IUSB, IVV, QUAL, EFV, IVW |
| Q1 2025 | 100 | $262.4M | IVV, IUSB, QUAL, IVW, DYNF |
| Q4 2024 | 102 | $261.2M | IVV, IUSB, IVW, QUAL, DYNF |
| Q3 2024 | 97 | $257.9M | IVV, IUSB, IVW, QUAL, DYNF |
| Q2 2024 | 87 | $241.3M | IVV, IUSB, IVW, QUAL, DYNF |
| Q1 2024 | 86 | $229.2M | IVV, IUSB, QUAL, DYNF, EFV |