Keystone Global Partners, LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 17, 2025), Keystone Global Partners, LLC reported 153 stock positions worth $183.5 million. Its top holding was Vanguard Tax-Exempt Bond ETF (VTEB) at 9.9% of the portfolio, followed by Schwab US Large-Cap Growth (SCHG, 8.1%) and Vanguard Ftse Developed ETF (VEA, 7.8%). Compared with Q1 2025, it opened 18 new positions, sold out of 62, added to 36 and reduced 41. The biggest buy was SS Comm Select Sector SPDR (XLC, shares +450%) and the biggest sale iShares MSCI Japan ETF (EWJ, shares −34%).
- Most Recent 13F
- Q2 2026
- Location
- DENVER, CO
- CIK
- 0001764057
- Portfolio Value
- $183.5M (Q2 2025)
- SEC Filing
- 0001764057-25-000006 ↗ filed Jul 17, 2025
Holdings Value
Holdings 153 stocks · $183.5M
| VTEB Vanguard Tax-Exempt Bond ETF | 9.94% | 371,980 | $18.2M | Add +34.5% |
| SCHG Schwab US Large-Cap Growth | 8.08% | 507,648 | $14.8M | Add +20.1% |
| VEA Vanguard Ftse Developed ETF | 7.75% | 249,553 | $14.2M | Add +2.2% |
| XLF SS Financial Select Sector | 6.82% | 239,185 | $12.5M | Add +56.9% |
| VMBS Vanguard Mortgage-Backed Sec | 4.56% | 180,737 | $8.4M | Add +28.5% |
| XLK SS Technology Select Sector | 4.54% | 32,920 | $8.3M | Add +21.0% |
| IVV iShares Core S&P 500 ETF | 4.40% | 13,010 | $8.1M | Reduce -3.5% |
| VGK Vanguard Ftse Europe ETF | 4.06% | 96,227 | $7.5M | Add +90.1% |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | 3.91% | 65,469 | $7.2M | Add +28.2% |
| JQUA JPMorgan US Quality Factor | 3.85% | 117,713 | $7.1M | Add +77.7% |
| XLV SS Health Care Select Sector | 2.90% | 39,541 | $5.3M | Add +13.7% |
| FDIS Fidelity MSCI Cons Discr Ind | 2.69% | 52,522 | $4.9M | Reduce -2.4% |
| GOVT iShares US Treasury Bond ETF | 2.68% | 214,064 | $4.9M | Add +64.3% |
| XLC SS Comm Select Sector SPDR | 2.60% | 43,975 | $4.8M | Add +450.2% |
| HYMB SS SPDR N Ice HY Muni ETF | 2.46% | 182,140 | $4.5M | Add +25.1% |
| XLI SS Industrial Select Sector | 1.97% | 24,551 | $3.6M | Reduce -14.4% |
| IGM iShares Expanded Tech Sector | 1.86% | 30,431 | $3.4M | Reduce -2.8% |
| VOO Vanguard S&P 500 ETF | 1.84% | 5,930 | $3.4M | Reduce -8.3% |
| IEFA iShares Core MSCI Eafe ETF | 1.76% | 38,746 | $3.2M | Reduce -22.8% |
| XAR SS SPDR S&P Aerospace Def | 1.69% | 14,683 | $3.1M | Add +101.0% |
| RSP Invesco S&P 500 Equal Weight | 1.59% | 16,078 | $2.9M | Add +38.2% |
| EWJ iShares MSCI Japan ETF | 1.40% | 34,287 | $2.6M | Reduce -34.2% |
| VTWG Vanguard Russell 2000 Growth | 1.39% | 12,235 | $2.6M | Reduce -6.5% |
| SCHQ Schwab Long-Term US Treasury | 1.22% | 70,351 | $2.2M | Add +43.6% |
| NVDA Nvidia Corp. | 1.22% | 14,166 | $2.2M | Add +0.2% |
| RING iShares MSCI Global Gold Min | 1.12% | 46,892 | $2.1M | Add +190.1% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 1.08% | 7,060 | $2.0M | Reduce -0.5% |
| QQQ Invesco QQQ Trust Series 1 | 0.94% | 3,125 | $1.7M | Reduce -13.1% |
| SCHR Schwab Intermediate-Term US | 0.90% | 65,947 | $1.7M | Reduce -0.2% |
| VIG Vanguard Dividend Apprec ETF | 0.77% | 6,928 | $1.4M | Add +146.6% |
| MSFT Microsoft Corp. | 0.54% | 1,994 | $992K | No change |
| CMF iShares California Muni Bond | 0.52% | 17,106 | $953K | Reduce -0.6% |
| AAPL Apple Inc. | 0.52% | 4,608 | $945K | No change |
| BND Vanguard Total Bond Market | 0.48% | 11,969 | $881K | Reduce -1.1% |
| GBTC Grayscale Bitcoin Trust ETF | 0.47% | 10,147 | $861K | No change |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.43% | 1,284 | $794K | Reduce -0.2% |
| TSLA Tesla Inc. | 0.40% | 2,292 | $728K | No change |
| GOOG Alphabet Inc. Class C | 0.35% | 3,640 | $646K | No change |
| SRLN SS Blackstone Sr Loan ETF | 0.31% | 13,567 | $564K | Reduce -15.2% |
| XLE SS Energy Select Sector | 0.30% | 6,536 | $554K | Reduce -63.4% |
| VYM Vanguard High DVD Yield ETF | 0.28% | 3,848 | $513K | Add +0.3% |
| MDY State Street SPDR S&P Midcap | 0.26% | 848 | $480K | Reduce -20.5% |
| SHOP Shopify Inc. Class A | 0.22% | 3,540 | $408K | No change |
| SCHH Schwab US REIT ETF | 0.19% | 16,288 | $345K | Reduce -0.0% |
| AMZN Amazon.com Inc. | 0.17% | 1,424 | $312K | No change |
| EFA iShares MSCI Eafe ETF | 0.17% | 3,403 | $304K | Reduce -8.8% |
| GLD SPDR Gold Shares | 0.17% | 998 | $304K | No change |
| META Meta Platforms Inc. Class A | 0.16% | 394 | $291K | Add +264.8% |
| NYF iShares New York Muni Bond E | 0.15% | 5,225 | $272K | Add +20.5% |
| USHY iShares Broad Usd High Yield | 0.15% | 7,228 | $271K | Reduce -72.0% |
| AVGO Broadcom Inc. | 0.12% | 831 | $229K | No change |
| SCHZ Schwab US Aggregate Bond ETF | 0.11% | 8,806 | $205K | Reduce -26.1% |
| PMAY Innovator U.S. Equity Power | 0.10% | 4,697 | $177K | No change |
| TFI SS SPDR N Ice Muni Bond ETF | 0.08% | 3,240 | $145K | Reduce -7.0% |
| NET Cloudflare Inc. Class A | 0.06% | 563 | $110K | No change |
| MBB iShares MBS ETF | 0.06% | 1,094 | $103K | Add +128.9% |
| BTC Grayscale Bitcoin Mini ETF | 0.05% | 2,029 | $97K | No change |
| XLY SS Consumer Disc Select Sect | 0.05% | 424 | $92K | Reduce -50.6% |
| JPST JPMorgan Ultra-Short Income | 0.05% | 1,807 | $92K | Reduce -11.3% |
| NFLX Netflix Inc. | 0.04% | 60 | $80K | No change |
| PLD Prologis Inc. | 0.04% | 747 | $79K | No change |
| XMTR Xometry Inc. Class A | 0.04% | 2,269 | $77K | No change |
| TSM Taiwan Semiconductor-SP ADR | 0.04% | 334 | $76K | Add +12.1% |
| PYPL PayPal Holdings Inc. | 0.04% | 912 | $68K | No change |
| AMD Advanced Micro Devices | 0.04% | 454 | $64K | No change |
| VSGX Vanguard ESG Intl Stock ETF | 0.03% | 903 | $59K | Add +11.3% |
| SMB Vaneck Short Muni ETF | 0.03% | 3,354 | $58K | Reduce -77.7% |
| NULG Nuveen ESG LRG-Cap GRW ETF | 0.03% | 607 | $57K | Reduce -2.9% |
| QUAL iShares MSCI USA Quality Fac | 0.03% | 304 | $56K | Add +11.8% |
| GDX Vaneck Gold Miners ETF | 0.03% | 1,045 | $54K | No change |
| DLR Digital Realty Trust Inc. | 0.03% | 309 | $54K | No change |
| AGG iShares Core U.S. Aggregate | 0.03% | 509 | $51K | Reduce -29.3% |
| ACWV iShares MSCI Global Min Vol | 0.02% | 381 | $45K | Add +2830.8% |
| VMRK Vivmark Residential filed as EQUITY RESIDENTIAL | 0.02% | 655 | $44K | No change |
| WRB WR Berkley Corp. filed as BERKLEY W R CORP | 0.02% | 582 | $43K | No change |
| AVB Avalonbay Communities Inc. | 0.02% | 209 | $43K | No change |
| STAG Stag Industrial Inc. | 0.02% | 1,148 | $42K | No change |
| BKNG Booking Holdings Inc. | 0.02% | 7 | $41K | No change |
| ICLN iShares Global Clean Energy | 0.02% | 2,967 | $39K | Reduce -13.3% |
| VNQI Vanguard GLBL Ex-US Real Est | 0.02% | 786 | $36K | No change |
| SSO Proshares Ultra S&P500 | 0.02% | 335 | $33K | No change |
| MA Mastercard Inc. Class A | 0.02% | 56 | $31K | No change |
| IEUR iShares Core MSCI Europe ETF | 0.02% | 469 | $31K | Add +28.1% |
| DGRO iShares Core Dividend Growth | 0.02% | 461 | $30K | New |
| RBLX Roblox Corp. Class A | 0.02% | 280 | $29K | No change |
| KIM Kimco Realty Corp. | 0.02% | 1,392 | $29K | No change |
| MOAT Vaneck Morningstar Wide Moat | 0.02% | 302 | $28K | New |
| BRK.B Berkshire Hathaway Inc. Class B | 0.02% | 58 | $28K | No change |
| ESGV Vanguard ESG US Stock ETF | 0.01% | 246 | $27K | Reduce -11.8% |
| V Visa Inc. Class A | 0.01% | 74 | $26K | No change |
| FDN First Trust DJ Internet Ind | 0.01% | 97 | $26K | New |
| O Realty Income Corp. | 0.01% | 449 | $26K | No change |
| ACWX iShares MSCI Acwi Ex US ETF | 0.01% | 413 | $25K | No change |
| PHO Invesco Water Resources ETF | 0.01% | 332 | $23K | Reduce -0.3% |
| PSA Public Storage | 0.01% | 79 | $23K | No change |
| NXPI NXP Semiconductors NV | 0.01% | 104 | $23K | No change |
| URTH iShares MSCI World ETF | 0.01% | 124 | $21K | Add +195.2% |
| ESGU iShares ESG Aware MSCI USA | 0.01% | 149 | $20K | Add +17.3% |
| IYH iShares U.S. Healthcare ETF | 0.01% | 347 | $20K | No change |
| COIN Coinbase Global Inc. Class A | 0.01% | 50 | $18K | No change |
Other holdings (2): bonds, preferreds, convertibles and warrants · $30K (not counted above)
Total filed on the 13F, all lines: $183.6M.
Portfolio Sells Q1 2025 → Q2 2025
| EWJ iShares MSCI Japan ETF | Reduce -34.2% | 1.40% | −1.11 |
| IVV iShares Core S&P 500 ETF | Reduce -3.5% | 4.40% | −0.91 |
| IEFA iShares Core MSCI Eafe ETF | Reduce -22.8% | 1.76% | −0.90 |
| XLE SS Energy Select Sector | Reduce -63.4% | 0.30% | −0.87 |
| XLI SS Industrial Select Sector | Reduce -14.4% | 1.97% | −0.66 |
| USHY iShares Broad Usd High Yield | Reduce -72.0% | 0.15% | −0.52 |
| FDIS Fidelity MSCI Cons Discr Ind | Reduce -2.4% | 2.69% | −0.50 |
| VOO Vanguard S&P 500 ETF | Reduce -8.3% | 1.84% | −0.50 |
| VTWG Vanguard Russell 2000 Growth | Reduce -6.5% | 1.39% | −0.32 |
| SCHR Schwab Intermediate-Term US | Reduce -0.2% | 0.90% | −0.25 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -13.1% | 0.94% | −0.24 |
| AMLP Alerian MLP ETF | Reduce -96.5% | 0.01% | −0.23 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Reduce -0.5% | 1.08% | −0.21 |
| CMF iShares California Muni Bond | Reduce -0.6% | 0.52% | −0.16 |
| SRLN SS Blackstone Sr Loan ETF | Reduce -15.2% | 0.31% | −0.15 |
| SMB Vaneck Short Muni ETF | Reduce -77.7% | 0.03% | −0.15 |
| SPGP Invesco S&P 500 Garp ETF | Reduce -98.6% | 0.00% | −0.14 |
| BND Vanguard Total Bond Market | Reduce -1.1% | 0.48% | −0.14 |
| MDY State Street SPDR S&P Midcap | Reduce -20.5% | 0.26% | −0.14 |
| IGM iShares Expanded Tech Sector | Reduce -2.8% | 1.86% | −0.13 |
| SCHZ Schwab US Aggregate Bond ETF | Reduce -26.1% | 0.11% | −0.08 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -0.2% | 0.43% | −0.07 |
| XLY SS Consumer Disc Select Sect | Reduce -50.6% | 0.05% | −0.07 |
| SCHH Schwab US REIT ETF | Reduce -0.0% | 0.19% | −0.06 |
| EFA iShares MSCI Eafe ETF | Reduce -8.8% | 0.17% | −0.05 |
| IEI iShares 3-7 Year Treasury Bo | Reduce -82.7% | 0.01% | −0.04 |
| SCHD Schwab US DVD Equity ETF | Sold out | 0.00% | −0.04 |
| ITM Vaneck Intermediate Muni ETF | Sold out | 0.00% | −0.03 |
| TFI SS SPDR N Ice Muni Bond ETF | Reduce -7.0% | 0.08% | −0.03 |
| PR Permian Resources Corp. Class A | Sold out | 0.00% | −0.03 |
| AGG iShares Core U.S. Aggregate | Reduce -29.3% | 0.03% | −0.02 |
| JPST JPMorgan Ultra-Short Income | Reduce -11.3% | 0.05% | −0.02 |
| TMO Thermo Fisher Scientific Inc. | Sold out | 0.00% | −0.02 |
| LOW Lowe's Cos Inc. | Sold out | 0.00% | −0.02 |
| PDBC Invesco Optimum Yield Divers | Reduce -87.2% | 0.00% | −0.01 |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | Sold out | 0.00% | −0.01 |
| SAP Sap SE-Sponsored ADR | Sold out | 0.00% | −0.01 |
| TAN Invesco Solar ETF | Reduce -58.0% | 0.01% | −0.01 |
| MUB iShares National Muni Bond E | Reduce -87.8% | 0.00% | −0.01 |
| NUKZ Range Nuclear Renaissance | Sold out | 0.00% | −0.01 |
| BINC iShares Flex I A ETF-Usd Inc. | Sold out | 0.00% | −0.01 |
| UBER Uber Technologies Inc. | Sold out | 0.00% | −0.01 |
| ICLN iShares Global Clean Energy | Reduce -13.3% | 0.02% | −0.01 |
| VGSH Vanguard Short-Term Treasury | Sold out | 0.00% | −0.00 |
| ESGV Vanguard ESG US Stock ETF | Reduce -11.8% | 0.01% | −0.00 |
| INTU Intuit Inc. | Sold out | 0.00% | −0.00 |
| BOND PIMCO Active Bond Exchange-T | Reduce -15.6% | 0.01% | −0.00 |
| CRH CRH PLC | Sold out | 0.00% | −0.00 |
| HYD Vaneck High Yield Muni ETF | Reduce -86.0% | 0.00% | −0.00 |
| NULG Nuveen ESG LRG-Cap GRW ETF | Reduce -2.9% | 0.03% | −0.00 |
Portfolio Buys Q1 2025 → Q2 2025
| XLC SS Comm Select Sector SPDR | Add +450.2% | 2.60% | +2.06 |
| VGK Vanguard Ftse Europe ETF | Add +90.1% | 4.06% | +1.57 |
| XLF SS Financial Select Sector | Add +56.9% | 6.82% | +1.50 |
| JQUA JPMorgan US Quality Factor | Add +77.7% | 3.85% | +1.23 |
| XAR SS SPDR S&P Aerospace Def | Add +101.0% | 1.69% | +0.86 |
| RING iShares MSCI Global Gold Min | Add +190.1% | 1.12% | +0.68 |
| SCHG Schwab US Large-Cap Growth | Add +20.1% | 8.08% | +0.66 |
| XLK SS Technology Select Sector | Add +21.0% | 4.54% | +0.60 |
| GOVT iShares US Treasury Bond ETF | Add +64.3% | 2.68% | +0.58 |
| VIG Vanguard Dividend Apprec ETF | Add +146.6% | 0.77% | +0.39 |
| VTEB Vanguard Tax-Exempt Bond ETF | Add +34.5% | 9.94% | +0.31 |
| RSP Invesco S&P 500 Equal Weight | Add +38.2% | 1.59% | +0.18 |
| NVDA Nvidia Corp. | Add +0.2% | 1.22% | +0.15 |
| META Meta Platforms Inc. Class A | Add +264.8% | 0.16% | +0.11 |
| SCHQ Schwab Long-Term US Treasury | Add +43.6% | 1.22% | +0.10 |
| MBB iShares MBS ETF | Add +128.9% | 0.06% | +0.02 |
| ACWV iShares MSCI Global Min Vol | Add +2830.8% | 0.02% | +0.02 |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | Add +28.2% | 3.91% | +0.02 |
| DGRO iShares Core Dividend Growth | New | 0.02% | +0.02 |
| MOAT Vaneck Morningstar Wide Moat | New | 0.02% | +0.02 |
| FDN First Trust DJ Internet Ind | New | 0.01% | +0.01 |
| EQH Equitable Holdings Inc. | New | 0.01% | +0.01 |
| URTH iShares MSCI World ETF | Add +195.2% | 0.01% | +0.01 |
| TSM Taiwan Semiconductor-SP ADR | Add +12.1% | 0.04% | +0.01 |
| LLY Eli Lilly & Co. | New | 0.01% | +0.01 |
| CIBR First Trust Nasdaq Cybersecu | New | 0.00% | +0.00 |
| IFRA iShares US Infrastructure | New | 0.00% | +0.00 |
| IYJ iShares U.S. Industrials ETF | Add +306.7% | 0.00% | +0.00 |
| FTCS First Trust Capital Strength | New | 0.00% | +0.00 |
| TREX Trex Company Inc. | New | 0.00% | +0.00 |
| SDVY First Trust Smid Cap Rising | New | 0.00% | +0.00 |
| IEUR iShares Core MSCI Europe ETF | Add +28.1% | 0.02% | +0.00 |
| FYT First Trust Small Cap Val | New | 0.00% | +0.00 |
| VHT Vanguard Health Care ETF | New | 0.00% | +0.00 |
| EZU iShares MSCI Eurozone ETF | Add +152.2% | 0.00% | +0.00 |
| EMNT PIMCO Enhcd St M-Active ESG | Add +950.0% | 0.00% | +0.00 |
| SMH Vaneck Semiconductor ETF | New | 0.00% | +0.00 |
| GOOGL Alphabet Inc. Class A | Add +50.0% | 0.00% | +0.00 |
| HDV iShares Core High Dividend E | New | 0.00% | +0.00 |
| FEZ State Street SPDR Euro Stoxx | Add +1700.0% | 0.00% | +0.00 |
| MLN Vaneck Long Muni ETF | New | 0.00% | +0.00 |
| IXJ iShares Global Healthcare Et | New | 0.00% | +0.00 |
| ESGU iShares ESG Aware MSCI USA | Add +17.3% | 0.01% | +0.00 |
| INTC Intel Corp. | New | 0.00% | 0.00 |
| TSEOQ Trinseo PLC | New | 0.00% | 0.00 |
| USIG iShares Broad Usd Investment | Add +4.6% | 0.00% | −0.00 |
| VSGX Vanguard ESG Intl Stock ETF | Add +11.3% | 0.03% | −0.00 |
| QUAL iShares MSCI USA Quality Fac | Add +11.8% | 0.03% | −0.00 |
| VMBS Vanguard Mortgage-Backed Sec | Add +28.5% | 4.56% | −0.00 |
| NYF iShares New York Muni Bond E | Add +20.5% | 0.15% | −0.01 |
Notes & Other Activity Q1 2025 → Q2 2025
| IGSB iShares 1-5Y Inv Grade Corp. | ISHS 1-5YR INVS · principal | Add +108.8% | 520,705 | $27K |
| TLT iShares 20+ Year Treasury BD | 20 YR TR BD ETF · principal | Reduce -61.9% | 32,000 | $3K |
| LEMB iShares JP Morgan Em Local C | JP MORGAN EM ETF · principal | Sold out | 1,000 | $37before exit |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 54 | $263.0M | XLK, XLF, BDYN, SCHG, VEA |
| Q1 2026 | 51 | $223.7M | XLF, BDYN, XLK, VEA, SCHG |
| Q4 2025 | 53 | $227.4M | SCHG, BDYN, XLF, VEA, VTEB |
| Q3 2025 | 50 | $196.3M | BDYN, SCHG, XLF, VEA, VGK |
| Q2 2025 | 153 | $183.5M | VTEB, SCHG, VEA, XLF, VMBS |
| Q1 2025 | 197 | $142.6M | VTEB, VEA, SCHG, XLF, IVV |