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

0$100.0M$200.0M$300.0M Q1 2025: $142.6M Q1 2025 Q2 2025: $183.5M $183.5M Q2 2025 Q3 2025: $196.3M Q3 2025 Q4 2025: $227.4M Q4 2025 Q1 2026: $223.7M Q1 2026 Q2 2026: $263.0M Q2 2026

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
ASML ASML Holding NV-NY Reg SHS 0.01% 20 $16K No change
EQH Equitable Holdings Inc. 0.01% 281 $16K New
HIMS Hims & Hers Health Inc. 0.01% 315 $16K No change
ESS Essex Property Trust Inc. 0.01% 53 $15K No change
BOND PIMCO Active Bond Exchange-T 0.01% 162 $15K Reduce -15.6%
FTEC Fidelity MSCI Info Tech Indx 0.01% 70 $14K No change
WY Weyerhaeuser Co. 0.01% 520 $13K No change
TAN Invesco Solar ETF 0.01% 381 $13K Reduce -58.0%
ISRG Intuitive Surgical Inc. 0.01% 23 $12K No change
CPT Camden Property Trust 0.01% 109 $12K No change
IEI iShares 3-7 Year Treasury Bo 0.01% 95 $11K Reduce -82.7%
LXP LXP Industrial Trust 0.01% 1,355 $11K No change
AMLP Alerian MLP ETF 0.01% 226 $11K Reduce -96.5%
LAND Gladstone Land Corp. 0.01% 1,076 $11K No change
GDDY GoDaddy Inc. Class A 0.01% 60 $11K No change
LLY Eli Lilly & Co. 0.01% 12 $9K New
IYJ iShares U.S. Industrials ETF 0.00% 61 $9K Add +306.7%
USIG iShares Broad Usd Investment 0.00% 158 $8K Add +4.6%
CIBR First Trust Nasdaq Cybersecu 0.00% 96 $7K New
IFRA iShares US Infrastructure 0.00% 131 $6K New
PENN Penn Entertainment Inc. 0.00% 331 $6K No change
GOOGL Alphabet Inc. Class A 0.00% 30 $5K Add +50.0%
SCHV Schwab US Large-Cap Value 0.00% 174 $5K No change
IWR iShares Russell Mid-Cap ETF 0.00% 49 $5K No change
FTCS First Trust Capital Strength 0.00% 45 $4K New
TREX Trex Company Inc. 0.00% 65 $4K New
EZU iShares MSCI Eurozone ETF 0.00% 58 $4K Add +152.2%
SDVY First Trust Smid Cap Rising 0.00% 92 $3K New
SPGP Invesco S&P 500 Garp ETF 0.00% 30 $3K Reduce -98.6%
SDY SS SPDR S&P Dividend ETF 0.00% 23 $3K No change
BNDX Vanguard Total Intl Bond ETF 0.00% 62 $3K Reduce -1.6%
PDBC Invesco Optimum Yield Divers 0.00% 203 $3K Reduce -87.2%
FYT First Trust Small Cap Val 0.00% 50 $3K New
VHT Vanguard Health Care ETF 0.00% 10 $2K New
EMNT PIMCO Enhcd St M-Active ESG 0.00% 21 $2K Add +950.0%
IWY iShares Russell Top 200 Grow 0.00% 6 $2K Reduce -68.4%
RXI iShares Global Consumer Disc 0.00% 8 $2K No change
SMH Vaneck Semiconductor ETF 0.00% 6 $2K New
MUB iShares National Muni Bond E 0.00% 15 $2K Reduce -87.8%
HDV iShares Core High Dividend E 0.00% 11 $1K New
FEZ State Street SPDR Euro Stoxx 0.00% 18 $1K Add +1700.0%
SNAP Snap Inc. Class A 0.00% 100 $869 No change
HYD Vaneck High Yield Muni ETF 0.00% 16 $853 Reduce -86.0%
CIFR Cipher Digital Inc. 0.00% 166 $793 No change
MLN Vaneck Long Muni ETF 0.00% 43 $743 New
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.00% 5 $623 No change
IXJ iShares Global Healthcare Et 0.00% 2 $258 New
GNMA iShares Gnma Bond ETF 0.00% 4 $219 No change
ESGD iShares Trust iShares ESG Aw 0.00% 2 $178 Reduce -33.3%
GME Gamestop Corp. Class A 0.00% 4 $97 No change
IXN iShares Global Tech ETF 0.00% 1 $92 No change
INTC Intel Corp. 0.00% 4 $89 New
TSEOQ Trinseo PLC 0.00% 20 $62 New
Other holdings (2): bonds, preferreds, convertibles and warrants · $30K (not counted above)
SecurityClassShares / PrincipalValueChange
IGSB iShares 1-5Y Inv Grade Corp. ISHS 1-5YR INVS · principal 520,705$27KAdd +108.8%
TLT iShares 20+ Year Treasury BD 20 YR TR BD ETF · principal 32,000$3KReduce -61.9%

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

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 54$263.0MXLK, XLF, BDYN, SCHG, VEA
Q1 2026 51$223.7MXLF, BDYN, XLK, VEA, SCHG
Q4 2025 53$227.4MSCHG, BDYN, XLF, VEA, VTEB
Q3 2025 50$196.3MBDYN, SCHG, XLF, VEA, VGK
Q2 2025 153$183.5MVTEB, SCHG, VEA, XLF, VMBS
Q1 2025 197$142.6MVTEB, VEA, SCHG, XLF, IVV