Keystone Financial Services
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 12, 2026), Keystone Financial Services reported 121 stock positions worth $331.3 million. Its top holding was iShares Core S&P 500 ETF (IVV) at 8.3% of the portfolio, followed by Ishrs US E F R A ETF-Usd (DYNF, 7.6%) and Ishr CR Unvrse Usd BD ETF-Ui (IUSB, 7.0%). Compared with Q3 2025, it opened 8 new positions, sold out of 15, added to 37 and reduced 71. The biggest buy was iShares S&P 100 ETF (OEF, shares +65%) and the biggest sale iShares MSCI Eafe Growth ETF (EFG, shares −66%).
- Most Recent 13F
- Q2 2026
- Location
- LOVELAND, CO
- CIK
- 0001865158
- Portfolio Value
- $331.3M (Q4 2025)
- SEC Filing
- 0001986152-26-000029 ↗ filed Feb 12, 2026
Holdings Value
Holdings 121 stocks · $331.3M
| IVV iShares Core S&P 500 ETF | 8.28% | 40,068 | $27.4M | Add +5.5% |
| DYNF Ishrs US E F R A ETF-Usd Inc. | 7.65% | 416,736 | $25.3M | Add +15.0% |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | 7.00% | 498,246 | $23.2M | Reduce -11.5% |
| IVW iShares S&P 500 Growth ETF | 6.89% | 185,107 | $22.8M | Reduce -1.0% |
| IVE iShares S&P 500 Value ETF | 6.46% | 100,934 | $21.4M | Add +7.6% |
| QUAL iShares MSCI USA Quality Fac | 6.37% | 106,219 | $21.1M | Reduce -19.0% |
| EFV iShares MSCI Eafe Value ETF | 6.36% | 294,919 | $21.1M | Reduce -16.0% |
| IEMG iShares Core MSCI Emerging | 5.24% | 258,360 | $17.4M | Add +12.7% |
| OEF iShares S&P 100 ETF | 5.16% | 49,814 | $17.1M | Add +64.7% |
| THRO iShares U.S. Thematic Rotati | 2.97% | 255,384 | $9.8M | Add +2.9% |
| TLH iShares 10-20 Year Treasury | 2.65% | 86,324 | $8.8M | Add +32.5% |
| BAI Ishrs AI in and Tech Act ETF | 2.56% | 254,491 | $8.5M | Add +115.8% |
| MTUM iShares MSCI USA Momentum Fa | 2.16% | 28,533 | $7.1M | Add +8.7% |
| MBB iShares MBS ETF | 1.85% | 64,528 | $6.1M | Add +7.6% |
| IAU iShares Gold Trust | 1.60% | 65,207 | $5.3M | Add +44.3% |
| IAGG iShares Intl Aggregate Bond | 1.49% | 98,969 | $4.9M | Add +8.5% |
| BINC iShares Flex I A ETF-Usd Inc. | 1.11% | 69,532 | $3.7M | Add +10.9% |
| ITA iShares U.S. Aerospace & Def | 1.05% | 16,189 | $3.5M | New |
| GOOG Alphabet Inc. Class C | 1.03% | 10,842 | $3.4M | Reduce -0.6% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.95% | 6,269 | $3.2M | Reduce -1.2% |
| EFG iShares MSCI Eafe Growth ETF | 0.93% | 26,988 | $3.1M | Reduce -66.2% |
| JPM JPMorgan Chase & Co. | 0.86% | 8,816 | $2.8M | Reduce -1.2% |
| META Meta Platforms Inc. Class A | 0.67% | 3,341 | $2.2M | Reduce -0.2% |
| SCHW Schwab (charles) Corp. | 0.61% | 20,162 | $2.0M | Reduce -1.0% |
| MSFT Microsoft Corp. | 0.60% | 4,132 | $2.0M | Add +0.9% |
| BKNG Booking Holdings Inc. | 0.58% | 361 | $1.9M | Reduce -3.0% |
| PM Philip Morris International | 0.58% | 11,980 | $1.9M | Add +0.1% |
| WFC Wells Fargo & Co. | 0.53% | 18,728 | $1.7M | Reduce -0.4% |
| IYW iShares Ustechnology ETF | 0.49% | 8,183 | $1.6M | Reduce -77.3% |
| AVGO Broadcom Inc. | 0.48% | 4,594 | $1.6M | Add +2.4% |
| EMB iShares JP Morgan Usd Emergi | 0.43% | 14,920 | $1.4M | Add +4.6% |
| AAPL Apple Inc. | 0.40% | 4,895 | $1.3M | Add +20.5% |
| MUB iShares National Muni Bond E | 0.40% | 12,344 | $1.3M | Add +1.9% |
| LCTU iShares U.S. Carbon Transiti | 0.39% | 17,604 | $1.3M | Reduce -1.4% |
| ESGU iShares ESG Aware MSCI USA | 0.38% | 8,553 | $1.3M | Add +29.9% |
| AMAT Applied Materials Inc. | 0.38% | 4,877 | $1.3M | Reduce -5.7% |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 0.37% | 10,649 | $1.2M | Reduce -4.3% |
| MCK McKesson Corp. | 0.36% | 1,468 | $1.2M | Reduce -2.1% |
| ADI Analog Devices Inc. | 0.33% | 4,055 | $1.1M | Reduce -0.8% |
| NVS Novartis AG-Sponsored ADR | 0.33% | 7,908 | $1.1M | Reduce -1.8% |
| AMZN Amazon.com Inc. | 0.32% | 4,563 | $1.1M | Add +111.3% |
| BDX Becton Dickinson and Co. | 0.31% | 5,361 | $1.0M | Add +28.4% |
| GD General Dynamics Corp. | 0.31% | 3,077 | $1.0M | Reduce -0.1% |
| V Visa Inc. Class A | 0.30% | 2,864 | $1.0M | Reduce -5.3% |
| CMCSA Comcast Corp. Class A | 0.29% | 32,522 | $972K | Add +13.7% |
| UL Unilever PLC-Sponsored ADR | 0.29% | 14,624 | $956K | Add +0.4% |
| COP Conocophillips | 0.28% | 9,888 | $926K | Reduce -2.8% |
| GOOGL Alphabet Inc. Class A | 0.27% | 2,879 | $901K | Reduce -6.8% |
| MDT Medtronic PLC | 0.26% | 8,824 | $848K | Add +0.4% |
| DSI iShares ESG MSCI KLD 400 ETF | 0.25% | 6,462 | $832K | Reduce -2.4% |
| ORCL Oracle Corp. | 0.24% | 4,136 | $806K | Reduce -44.4% |
| DFAC Dimensional US Core Equity 2 | 0.24% | 20,070 | $795K | Reduce -8.5% |
| XOM Exxon Mobil Corp. | 0.24% | 6,551 | $788K | Add +0.6% |
| VTI VG Morningstar TS MKT ETF-US | 0.23% | 2,243 | $752K | Reduce -2.9% |
| EBAY eBay Inc. | 0.22% | 8,543 | $744K | Reduce -29.8% |
| SNY Sanofi-ADR | 0.21% | 14,639 | $709K | Reduce -2.7% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.21% | 1,026 | $700K | Reduce -0.8% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.21% | 12,456 | $685K | Reduce -1.1% |
| QQQ Invesco QQQ Trust Series 1 | 0.20% | 1,077 | $661K | No change |
| RTX RTX Corp. | 0.20% | 3,599 | $660K | Reduce -0.3% |
| SUSC iShares ESG Aware Usd Corpor | 0.19% | 27,572 | $645K | Add +18.0% |
| OMC Omnicom Group | 0.19% | 7,595 | $613K | Add +25.4% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.18% | 2,344 | $605K | No change |
| VOO Vanguard S&P 500 ETF | 0.18% | 936 | $587K | No change |
| ELV Elevance Health Inc. | 0.17% | 1,631 | $572K | Reduce -15.6% |
| XLK SS Technology Select Sector | 0.17% | 3,943 | $568K | Reduce -1.2% |
| USXF iShares ESG Advance MSCI USA | 0.17% | 9,717 | $560K | Reduce -29.6% |
| TLT iShares 20+ Year Treasury BD | 0.16% | 5,998 | $523K | Reduce -5.6% |
| DFAX Dimensional World Ex US Core | 0.14% | 14,202 | $465K | No change |
| KMX Carmax Inc. | 0.13% | 11,548 | $446K | Reduce -12.8% |
| GOVT iShares US Treasury Bond ETF | 0.13% | 19,200 | $442K | Add +14.8% |
| STIP iShares 0-5 Year Tips Bond E | 0.13% | 4,277 | $438K | Reduce -15.8% |
| ESGE iShares Inc. iShares ESG Awar | 0.13% | 9,607 | $424K | Add +15.2% |
| ICVT iShares Convertible Bond ETF | 0.12% | 4,174 | $411K | Add +30.9% |
| TSM Taiwan Semiconductor-SP ADR | 0.12% | 1,254 | $381K | Reduce -13.2% |
| ALLE Allegion PLC | 0.11% | 2,386 | $380K | Reduce -0.8% |
| RTO Rentokil Initial PLC-SP ADR | 0.11% | 12,422 | $366K | Add +1.1% |
| EMXC iShares MSCI Emr MRK Ex Chna | 0.11% | 4,984 | $362K | Reduce -14.4% |
| COR Cencora Inc. | 0.11% | 1,061 | $358K | Reduce -5.3% |
| WBD Warner Bros Discovery Inc. | 0.11% | 12,333 | $355K | Reduce -6.5% |
| APH Amphenol Corp. Class A | 0.10% | 2,540 | $343K | Reduce -3.2% |
| ENB Enbridge Inc. | 0.10% | 7,083 | $339K | Reduce -0.7% |
| NTRS Northern Trust Corp. | 0.10% | 2,427 | $332K | Reduce -1.7% |
| QCOM Qualcomm Inc. | 0.10% | 1,880 | $322K | Reduce -12.3% |
| PEP Pepsico Inc. | 0.10% | 2,230 | $320K | Add +6.3% |
| ANET Arista Networks Inc. | 0.09% | 2,281 | $299K | Reduce -5.0% |
| IQV Iqvia Holdings Inc. | 0.09% | 1,302 | $293K | Reduce -7.3% |
| WMG Warner Music Group Corp. Class A | 0.09% | 9,433 | $289K | Reduce -1.5% |
| ESGD iShares Trust iShares ESG Aw | 0.09% | 2,982 | $284K | New |
| C Citigroup Inc. | 0.09% | 2,420 | $282K | Reduce -4.3% |
| GLW Corning Inc. | 0.08% | 3,153 | $276K | Reduce -0.1% |
| YUMC Yum China Holdings Inc. | 0.08% | 5,686 | $271K | Add +0.0% |
| AMG Affiliated Managers Group | 0.08% | 932 | $269K | Reduce -1.1% |
| APP AppLovin Corp. Class A | 0.08% | 395 | $266K | Reduce -2.2% |
| IBIT iShares Bitcoin Trust ETF | 0.08% | 5,284 | $262K | Add +49.2% |
| SOFI Sofi Technologies Inc. | 0.08% | 9,945 | $260K | Reduce -23.6% |
| EVUS iShares ESG Aw MSCI US Value | 0.08% | 8,033 | $257K | New |
| SPDW Ste STR SPDR PT DW Eu ETF | 0.08% | 5,718 | $254K | No change |
| INGR Ingredion Inc. | 0.07% | 2,228 | $246K | Reduce -1.5% |
| NFG National Fuel Gas Co. | 0.07% | 3,012 | $241K | Reduce -0.0% |
Portfolio Sells Q3 2025 → Q4 2025
| EFG iShares MSCI Eafe Growth ETF | Reduce -66.2% | 0.93% | −1.89 |
| IYW iShares Ustechnology ETF | Reduce -77.3% | 0.49% | −1.70 |
| QUAL iShares MSCI USA Quality Fac | Reduce -19.0% | 6.37% | −1.53 |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | Reduce -11.5% | 7.00% | −1.15 |
| EFV iShares MSCI Eafe Value ETF | Reduce -16.0% | 6.36% | −1.02 |
| ORCL Oracle Corp. | Reduce -44.4% | 0.24% | −0.40 |
| DMXF iShares ESG Advanc MSCI Eafe | Sold out | 0.00% | −0.13 |
| EBAY eBay Inc. | Reduce -29.8% | 0.22% | −0.12 |
| IVW iShares S&P 500 Growth ETF | Reduce -1.0% | 6.89% | −0.11 |
| META Meta Platforms Inc. Class A | Reduce -0.2% | 0.67% | −0.10 |
| PREMIER INC-CLASS A | Sold out | 0.00% | −0.09 |
| INTC Intel Corp. | Sold out | 0.00% | −0.09 |
| DCOR Dimensional US Core Eq 1 ETF | Sold out | 0.00% | −0.08 |
| STWD Starwood Property Trust Inc. | Sold out | 0.00% | −0.08 |
| FISV Fiserv Inc. | Sold out | 0.00% | −0.08 |
| USXF iShares ESG Advance MSCI USA | Reduce -29.6% | 0.17% | −0.08 |
| ZBRA Zebra Technologies Corp. Class A | Sold out | 0.00% | −0.07 |
| EAGG iShares ESG Aware US Aggrega | Sold out | 0.00% | −0.07 |
| RCL Royal Caribbean Cruises Ltd. | Sold out | 0.00% | −0.07 |
| EPR Epr Properties | Sold out | 0.00% | −0.07 |
| EME Emcor Group Inc. | Sold out | 0.00% | −0.07 |
| CRUS Cirrus Logic Inc. | Sold out | 0.00% | −0.06 |
| DIS The Walt Disney Co. | Sold out | 0.00% | −0.06 |
| BR Broadridge Financial Solutio | Sold out | 0.00% | −0.06 |
| KMX Carmax Inc. | Reduce -12.8% | 0.13% | −0.05 |
| BKNG Booking Holdings Inc. | Reduce -3.0% | 0.58% | −0.04 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -1.2% | 0.95% | −0.04 |
| STIP iShares 0-5 Year Tips Bond E | Reduce -15.8% | 0.13% | −0.03 |
| HBI Hanesbrands Inc. | Sold out | 0.00% | −0.03 |
| SOFI Sofi Technologies Inc. | Reduce -23.6% | 0.08% | −0.03 |
| DFAC Dimensional US Core Equity 2 | Reduce -8.5% | 0.24% | −0.02 |
| ELV Elevance Health Inc. | Reduce -15.6% | 0.17% | −0.02 |
| COP Conocophillips | Reduce -2.8% | 0.28% | −0.02 |
| ANET Arista Networks Inc. | Reduce -5.0% | 0.09% | −0.02 |
| TLT iShares 20+ Year Treasury BD | Reduce -5.6% | 0.16% | −0.02 |
| ALLE Allegion PLC | Reduce -0.8% | 0.11% | −0.02 |
| BABA Alibaba Group Holding-SP ADR | Reduce -0.8% | 0.06% | −0.02 |
| V Visa Inc. Class A | Reduce -5.3% | 0.30% | −0.02 |
| JPM JPMorgan Chase & Co. | Reduce -1.2% | 0.86% | −0.01 |
| VRSN Verisign Inc. | Reduce -0.9% | 0.07% | −0.01 |
| WMG Warner Music Group Corp. Class A | Reduce -1.5% | 0.09% | −0.01 |
| NFG National Fuel Gas Co. | Reduce -0.0% | 0.07% | −0.01 |
| QCOM Qualcomm Inc. | Reduce -12.3% | 0.10% | −0.01 |
| GD General Dynamics Corp. | Reduce -0.1% | 0.31% | −0.01 |
| EMXC iShares MSCI Emr MRK Ex Chna | Reduce -14.4% | 0.11% | −0.01 |
| GWRE Guidewire Software Inc. | Reduce -0.9% | 0.06% | −0.01 |
| INGR Ingredion Inc. | Reduce -1.5% | 0.07% | −0.01 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -13.2% | 0.12% | −0.01 |
| APP AppLovin Corp. Class A | Reduce -2.2% | 0.08% | −0.01 |
| ENB Enbridge Inc. | Reduce -0.7% | 0.10% | −0.01 |
Portfolio Buys Q3 2025 → Q4 2025
| OEF iShares S&P 100 ETF | Add +64.7% | 5.16% | +2.04 |
| BAI Ishrs AI in and Tech Act ETF | Add +115.8% | 2.56% | +1.31 |
| ITA iShares U.S. Aerospace & Def | New | 1.05% | +1.05 |
| DYNF Ishrs US E F R A ETF-Usd Inc. | Add +15.0% | 7.65% | +1.00 |
| IAU iShares Gold Trust | Add +44.3% | 1.60% | +0.58 |
| TLH iShares 10-20 Year Treasury | Add +32.5% | 2.65% | +0.57 |
| IEMG iShares Core MSCI Emerging | Add +12.7% | 5.24% | +0.56 |
| IVE iShares S&P 500 Value ETF | Add +7.6% | 6.46% | +0.46 |
| IVV iShares Core S&P 500 ETF | Add +5.5% | 8.28% | +0.41 |
| AMZN Amazon.com Inc. | Add +111.3% | 0.32% | +0.17 |
| ESGU iShares ESG Aware MSCI USA | Add +29.9% | 0.38% | +0.09 |
| MBB iShares MBS ETF | Add +7.6% | 1.85% | +0.09 |
| ESGD iShares Trust iShares ESG Aw | New | 0.09% | +0.09 |
| AAPL Apple Inc. | Add +20.5% | 0.40% | +0.08 |
| EVUS iShares ESG Aw MSCI US Value | New | 0.08% | +0.08 |
| BINC iShares Flex I A ETF-Usd Inc. | Add +10.9% | 1.11% | +0.07 |
| BDX Becton Dickinson and Co. | Add +28.4% | 0.31% | +0.07 |
| MTUM iShares MSCI USA Momentum Fa | Add +8.7% | 2.16% | +0.07 |
| DFCF Dimensional Core Fixed Inc. | New | 0.07% | +0.07 |
| COF Capital One Financial Corp. | New | 0.07% | +0.07 |
| EXPE Expedia Group Inc. | New | 0.06% | +0.06 |
| GM General Motors Co. | New | 0.06% | +0.06 |
| SF Stifel Financial Corp. | New | 0.06% | +0.06 |
| THRO iShares U.S. Thematic Rotati | Add +2.9% | 2.97% | +0.06 |
| IAGG iShares Intl Aggregate Bond | Add +8.5% | 1.49% | +0.05 |
| OMC Omnicom Group | Add +25.4% | 0.19% | +0.03 |
| ICVT iShares Convertible Bond ETF | Add +30.9% | 0.12% | +0.03 |
| SUSC iShares ESG Aware Usd Corpor | Add +18.0% | 0.19% | +0.02 |
| AVGO Broadcom Inc. | Add +2.4% | 0.48% | +0.02 |
| ESGE iShares Inc. iShares ESG Awar | Add +15.2% | 0.13% | +0.02 |
| CMCSA Comcast Corp. Class A | Add +13.7% | 0.29% | +0.01 |
| RTO Rentokil Initial PLC-SP ADR | Add +1.1% | 0.11% | +0.01 |
| GOVT iShares US Treasury Bond ETF | Add +14.8% | 0.13% | +0.01 |
| EMB iShares JP Morgan Usd Emergi | Add +4.6% | 0.43% | +0.01 |
| XOM Exxon Mobil Corp. | Add +0.6% | 0.24% | +0.01 |
| IBIT iShares Bitcoin Trust ETF | Add +49.2% | 0.08% | +0.01 |
| YUMC Yum China Holdings Inc. | Add +0.0% | 0.08% | +0.01 |
| PEP Pepsico Inc. | Add +6.3% | 0.10% | +0.01 |
| FANG Diamondback Energy Inc. | Add +0.9% | 0.07% | +0.00 |
| MUB iShares National Muni Bond E | Add +1.9% | 0.40% | −0.00 |
| HHH Howard Hughes Holdings Inc. | Add +1.4% | 0.07% | −0.00 |
| MDT Medtronic PLC | Add +0.4% | 0.26% | −0.00 |
| UL Unilever PLC-Sponsored ADR | Add +0.4% | 0.29% | −0.01 |
| PM Philip Morris International | Add +0.1% | 0.58% | −0.02 |
| MSFT Microsoft Corp. | Add +0.9% | 0.60% | −0.05 |
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 |