Keystone Financial Services

Name: Keystone Financial Services 13F holdings, Q4 2025
Creator: Keystone Financial Services
Published: 2026-02-12

Q2 2026Q1 2026Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024

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%
VRSN Verisign Inc.	0.07%	988	$240K	Reduce -0.9%
MA Mastercard Inc. Class A	0.07%	414	$236K	Reduce -1.7%
WMB Williams Cos Inc.	0.07%	3,869	$233K	Reduce -2.2%
HHH Howard Hughes Holdings Inc.	0.07%	2,874	$229K	Add +1.4%
DFCF Dimensional Core Fixed Inc.	0.07%	5,284	$225K	New
EVR Evercore Inc. Class A	0.07%	652	$222K	Reduce -1.1%
COF Capital One Financial Corp.	0.07%	907	$220K	New
CEG Constellation Energy	0.07%	616	$218K	Reduce -1.0%
NI Nisource Inc.	0.07%	5,213	$218K	Reduce -0.1%
MTZ Mastec Inc.	0.07%	1,000	$217K	Reduce -0.4%
CVS CVS Health Corp.	0.07%	2,733	$217K	Reduce -0.3%
FANG Diamondback Energy Inc.	0.07%	1,442	$217K	Add +0.9%
AYI Acuity Inc.	0.07%	601	$216K	Reduce -0.7%
BABA Alibaba Group Holding-SP ADR	0.06%	1,445	$212K	Reduce -0.8%
EXPE Expedia Group Inc.	0.06%	739	$209K	New
GM General Motors Co.	0.06%	2,565	$209K	New
SF Stifel Financial Corp.	0.06%	1,662	$208K	New
GWRE Guidewire Software Inc.	0.06%	1,017	$204K	Reduce -0.9%
CI The Cigna Group	0.06%	741	$204K	Reduce -0.8%
LCTD iShares World Ex U.S. Carbon	0.06%	3,725	$204K	Reduce -1.6%
WH Wyndham Hotels & Resorts Inc.	0.06%	2,649	$200K	Reduce -0.6%

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