Walter & Keenan Wealth Management LLC /in/

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

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed January 29, 2025), Walter & Keenan Wealth Management LLC /in/ reported 150 stock positions worth $330.9 million. Its top holding was Apple (AAPL) at 6.8% of the portfolio, followed by Eli Lilly (LLY, 5.7%) and Microsoft (MSFT, 4.8%). Compared with Q3 2024, it opened 6 new positions, sold out of 6, added to 69 and reduced 62. The biggest buy was Vanguard S&P 500 ETF (VOO, shares +298%) and the biggest sale Eli Lilly (LLY, shares −4%).

Most Recent 13F: Q2 2026
Location: SOUTH BEND, IN
CIK: 0000752365
Portfolio Value: $330.9M (Q4 2024)
SEC Filing: 0000752365-25-000001 ↗ filed Jan 29, 2025

Holdings Value

Holdings 150 stocks · $330.9M


AAPL Apple Inc.	6.80%	89,890	$22.5M	Reduce -3.2%
LLY Eli Lilly & Co.	5.74%	24,588	$19.0M	Reduce -3.5%
MSFT Microsoft Corp.	4.78%	37,495	$15.8M	Add +1.5%
GOOG Alphabet Inc. Class C	4.06%	70,594	$13.4M	Add +0.2%
JPM JPMorgan Chase & Co.	3.22%	44,459	$10.7M	Reduce -2.2%
BRK.B Berkshire Hathaway Inc. Class B	3.17%	23,144	$10.5M	Add +0.1%
WMT Walmart Inc.	2.38%	87,221	$7.9M	Add +0.2%
VIG Vanguard Dividend Apprec ETF	2.20%	37,115	$7.3M	Add +17.1%
SCHB Schwab US Broad Market ETF	2.17%	316,792	$7.2M	Add +14.7%
VT Vanguard Tot World STK ETF	1.97%	55,402	$6.5M	Reduce -18.6%
BRK.A Berkshire Hathaway Inc. Class A	1.85%	9	$6.1M	No change
JNJ Johnson & Johnson	1.84%	42,082	$6.1M	Reduce -2.6%
GOOGL Alphabet Inc. Class A	1.80%	31,523	$6.0M	Reduce -8.0%
V Visa Inc. Class A	1.77%	18,518	$5.9M	Reduce -0.1%
CSCO Cisco Systems Inc.	1.75%	97,574	$5.8M	Reduce -1.3%
PG The Procter & Gamble Co.	1.73%	34,228	$5.7M	Reduce -0.2%
VYM Vanguard High DVD Yield ETF	1.70%	43,967	$5.6M	Add +2.8%
DFAT Dimensional US Target Value	1.59%	94,731	$5.3M	Add +55.8%
VOO Vanguard S&P 500 ETF	1.49%	9,168	$4.9M	Add +298.4%
VUG Vanguard Mrngstar GR ETF-Sui	1.47%	11,835	$4.9M	Add +32.5%
ABBV Abbvie Inc.	1.44%	26,816	$4.8M	Reduce -0.8%
NTRS Northern Trust Corp.	1.31%	42,158	$4.3M	Reduce -0.2%
HD Home Depot Inc.	1.22%	10,391	$4.0M	Reduce -0.7%
JEPI JPMorgan Equity Premium Inco	1.12%	64,666	$3.7M	Add +30.1%
NVDA Nvidia Corp.	1.09%	26,887	$3.6M	Reduce -11.6%
RTX RTX Corp.	1.01%	28,961	$3.4M	Reduce -0.2%
MRK Merck & Co. Inc.	1.00%	33,114	$3.3M	Reduce -2.7%
COIN Coinbase Global Inc. Class A	0.95%	12,682	$3.1M	Reduce -9.9%
SCHD Schwab US DVD Equity ETF	0.95%	114,521	$3.1M	No change
XOM Exxon Mobil Corp.	0.87%	26,810	$2.9M	Add +0.4%
VTV Vanguard Mrngstr Val ETF-Aui	0.87%	16,918	$2.9M	Add +0.1%
CSW CSW Industrials Inc.	0.85%	8,001	$2.8M	Add +0.0%
ACN Accenture PLC Class A	0.83%	7,797	$2.7M	Add +0.1%
PEP Pepsico Inc.	0.79%	17,297	$2.6M	Reduce -3.7%
AMZN Amazon.com Inc.	0.79%	11,890	$2.6M	Add +2.2%
AMGN Amgen Inc.	0.77%	9,837	$2.6M	Reduce -0.2%
AXP American Express Co.	0.77%	8,601	$2.6M	Add +0.1%
KO The Coca-Cola Co.	0.75%	40,024	$2.5M	Add +0.1%
ORCL Oracle Corp.	0.75%	14,849	$2.5M	Reduce -1.9%
TXN Texas Instruments Inc.	0.75%	13,195	$2.5M	Reduce -5.1%
VBK Van Morst SML-Cap Gro-Usd Inc.	0.73%	8,647	$2.4M	Add +24.3%
BTT BlackRock 2030 Muni TRGT TRM	0.71%	113,969	$2.3M	Reduce -15.0%
BXSL Blackstone Secured Lending F	0.70%	71,782	$2.3M	Add +10.6%
MDT Medtronic PLC	0.67%	27,767	$2.2M	Reduce -22.3%
COST Costco Wholesale Corp.	0.67%	2,415	$2.2M	Add +0.6%
ITW Illinois Tool Works	0.60%	7,804	$2.0M	Add +0.2%
KKR KKR & Co. Inc.	0.59%	13,303	$2.0M	Reduce -7.2%
VYMI Vanguard Int High DVD YLD Inc.	0.59%	28,718	$1.9M	Add +4.8%
WFC Wells Fargo & Co.	0.55%	26,051	$1.8M	Add +0.4%
DFAS Dimensional US Small Cap ETF	0.55%	27,953	$1.8M	Add +0.1%
UNH Unitedhealth Group Inc.	0.55%	3,576	$1.8M	Add +0.3%
BX Blackstone Inc.	0.54%	10,326	$1.8M	Reduce -8.7%
DKS Dick's Sporting Goods Inc.	0.52%	7,501	$1.7M	Add +0.0%
PFE Pfizer Inc.	0.51%	63,954	$1.7M	Reduce -29.9%
NEE Nextera Energy Inc.	0.50%	22,915	$1.6M	Reduce -0.0%
DLR Digital Realty Trust Inc.	0.47%	8,786	$1.6M	Reduce -4.3%
VTI VG Morningstar TS MKT ETF-US	0.47%	5,314	$1.5M	Add +267.0%
SCHF Schwab Intl Equity ETF	0.46%	81,854	$1.5M	Add +15.6%
CMCSA Comcast Corp. Class A	0.45%	39,437	$1.5M	Reduce -55.5%
PLTR Palantir Technologies Inc. Class A	0.44%	19,346	$1.5M	Reduce -1.2%
HON Honeywell International Inc.	0.44%	6,473	$1.5M	Reduce -0.1%
EMXC iShares MSCI Emr MRK Ex Chna	0.44%	26,367	$1.5M	Add +0.3%
META Meta Platforms Inc. Class A	0.43%	2,421	$1.4M	Add +2.7%
VZ Verizon Communications Inc.	0.36%	29,828	$1.2M	Reduce -11.7%
FITB Fifth Third Bancorp	0.36%	27,933	$1.2M	Reduce -1.7%
CVX Chevron Corp.	0.35%	8,015	$1.2M	Reduce -2.9%
SSNC Ss&c Technologies Holdings	0.34%	15,000	$1.1M	No change
BN Brookfield Corp.	0.34%	19,460	$1.1M	Reduce -0.5%
CB Chubb Ltd.	0.33%	3,977	$1.1M	Reduce -32.7%
MA Mastercard Inc. Class A	0.33%	2,079	$1.1M	Add +0.5%
ABT Abbott Laboratories	0.33%	9,665	$1.1M	Add +0.6%
VBR Vngrd Mrngst SL-CP Val ETF-U	0.32%	5,382	$1.1M	Add +101.5%
VIGI Vanguard Int Div App Indx FD	0.32%	13,200	$1.1M	No change
DHR Danaher Corp.	0.32%	4,588	$1.1M	Add +0.2%
DIS The Walt Disney Co. filed as DISNEY WALT CO	0.32%	9,362	$1.0M	Reduce -5.9%
PM Philip Morris International	0.31%	8,622	$1.0M	Reduce -0.6%
MCD McDonald's Corp.	0.31%	3,571	$1.0M	Add +0.1%
USRT iShares Core US REIT ETF	0.31%	18,054	$1.0M	Add +7.8%
SCHW Schwab (charles) Corp.	0.31%	13,913	$1.0M	Add +0.3%
VRP Invesco Variable Rate Prefer	0.28%	38,766	$938K	Reduce -6.5%
NZF Nuveen Municipal Credit Inc.	0.27%	73,926	$900K	Reduce -13.6%
SO The Southern Co.	0.27%	10,763	$886K	Add +0.5%
MMM 3M Co.	0.27%	6,816	$880K	Reduce -3.3%
KMI Kinder Morgan Inc.	0.25%	30,759	$843K	Reduce -1.4%
MCO Moody's Corp.	0.25%	1,732	$820K	Add +0.4%
IVV iShares Core S&P 500 ETF	0.24%	1,368	$805K	Reduce -14.0%
MO Altria Group Inc.	0.23%	14,759	$772K	Add +0.5%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS	0.23%	3,493	$768K	Add +0.7%
LMT Lockheed Martin Corp.	0.23%	1,565	$761K	Reduce -3.9%
AEP American Electric Power	0.23%	8,231	$759K	Add +0.7%
FDX FedEx Corp.	0.22%	2,589	$728K	Add +0.2%
SCHP Schwab U.S. Tips ETF	0.22%	27,649	$714K	Add +20.2%
XPO Xpo Inc.	0.20%	5,137	$674K	No change
EPD Enterprise Products Partners	0.20%	21,048	$660K	No change
WM Waste Management Inc.	0.20%	3,264	$659K	Add +0.5%
CAT Caterpillar Inc.	0.20%	1,783	$647K	Reduce -1.1%
ETX Eaton Vance Muni Inc. 2028 TM	0.19%	35,838	$631K	Reduce -45.5%
U Unity Software Inc.	0.18%	27,185	$611K	Add +0.1%
DFAI Dimensional International Co.	0.18%	20,760	$606K	Add +64.8%
STIP iShares 0-5 Year Tips Bond E	0.17%	5,683	$572K	Reduce -6.9%
VB Vanguard Most SM-Cap ETF-Usd	0.17%	2,292	$551K	Reduce -24.0%
SBUX Starbucks Corp.	0.16%	5,747	$524K	Reduce -1.5%
BMY Bristol-Myers Squibb Co.	0.16%	9,226	$522K	Reduce -5.4%
MRSH Marsh & McLennan Cos	0.16%	2,425	$515K	Add +0.1%
PYLD PIMCO Multisector Bond Actv	0.16%	19,809	$513K	Add +74.5%
MINT PIMCO Enhanced Short Maturit	0.15%	5,000	$502K	New
GD General Dynamics Corp.	0.15%	1,892	$499K	Reduce -71.1%
INTC Intel Corp.	0.15%	24,295	$487K	Reduce -35.5%
ALL Allstate Corp.	0.14%	2,431	$469K	Add +0.4%
OKE Oneok Inc.	0.14%	4,663	$468K	Add +0.3%
APH Amphenol Corp. Class A	0.14%	6,717	$466K	Reduce -3.0%
AVGO Broadcom Inc.	0.14%	1,976	$458K	Add +7.1%
SRCE 1ST Source Corp.	0.14%	7,672	$448K	No change
ICE Intercontinental Exchange Inc.	0.13%	2,840	$423K	Reduce -3.2%
TMO Thermo Fisher Scientific Inc.	0.13%	800	$416K	Add +1.0%
VEEV Veeva Systems Inc. Class A	0.12%	1,928	$405K	Add +0.3%
APD Air Products & Chemicals Inc.	0.12%	1,337	$388K	Add +0.4%
BLK BlackRock Finance Inc.	0.12%	372	$381K	Reduce -13.3%
SPG Simon Property Group Inc.	0.11%	2,192	$377K	Add +0.5%
SPYD SS SPDR P S&P 500 Hi Div ETF	0.11%	8,377	$362K	Reduce -0.5%
NVS Novartis AG-Sponsored ADR	0.10%	3,550	$345K	Reduce -14.5%
T AT&T Inc.	0.10%	13,976	$318K	Reduce -10.5%
GS Goldman Sachs Group Inc.	0.10%	551	$316K	Add +0.9%
DUK Duke Energy Corp.	0.09%	2,914	$314K	Add +1.3%
CCI Crown Castle Inc.	0.09%	3,440	$312K	Reduce -39.8%
DFAE Dimensional Emerging Core Eq	0.09%	11,886	$302K	New
HELO JPMorgan Hedged Equity ETF	0.09%	4,830	$300K	No change
DFIS Dimensional International SM	0.09%	11,966	$294K	No change
ISRG Intuitive Surgical Inc.	0.08%	538	$281K	Reduce -1.6%
BAC Bank of America Corp. filed as BANK AMERICA CORP	0.08%	6,369	$280K	Add +5.3%
NOC Northrop Grumman Corp.	0.08%	581	$273K	Add +1.0%
ISTB iShares Core 1-5 Year Usd Bo	0.08%	5,540	$265K	No change
TSLA Tesla Inc.	0.08%	634	$256K	New
ELS Equity Lifestyle Properties	0.08%	3,833	$255K	Add +0.1%
PYPL PayPal Holdings Inc.	0.07%	2,902	$248K	Add +0.9%
SCHE Schwab Emrg Mrkts Eqty ETF	0.07%	9,207	$245K	Add +6.8%
TEL Te Connectivity PLC	0.07%	1,702	$243K	New
EMR Emerson Electric Co.	0.07%	1,919	$238K	Add +0.7%
NKE Nike Inc. Class B	0.07%	3,125	$236K	Add +0.6%
UPS United Parcel Service Class B	0.07%	1,873	$236K	Reduce -19.2%
GXO Gxo Logistics Inc.	0.07%	5,407	$235K	Add +0.2%
XLV SS Health Care Select Sector	0.07%	1,700	$234K	New
MDLZ Mondelez International Inc. Class A	0.07%	3,702	$221K	Reduce -0.6%
DIVB iShares Core Dividend ETF	0.06%	4,500	$213K	No change
USMV iShares MSCI USA Min Vol Fac	0.06%	2,385	$212K	No change
VWO Vanguard Ftse Emerging Marke	0.06%	4,726	$208K	Reduce -9.4%
WELL Welltower Inc.	0.06%	1,631	$206K	Add +1.1%
VTIP Vanguard Short-Term Tips	0.06%	4,234	$205K	No change
ENB Enbridge Inc.	0.06%	4,760	$202K	New
MIY BlackRock Muniyield Mi QLTY	0.04%	11,554	$129K	Add +1.8%

Portfolio Sells Q3 2024 → Q4 2024


LLY Eli Lilly & Co.	Reduce -3.5%	5.74%	−1.12
CMCSA Comcast Corp. Class A	Reduce -55.5%	0.45%	−0.68
VT Vanguard Tot World STK ETF	Reduce -18.6%	1.97%	−0.51
GD General Dynamics Corp.	Reduce -71.1%	0.15%	−0.45
MDT Medtronic PLC	Reduce -22.3%	0.67%	−0.31
PFE Pfizer Inc.	Reduce -29.9%	0.51%	−0.29
JNJ Johnson & Johnson	Reduce -2.6%	1.84%	−0.29
AMGN Amgen Inc.	Reduce -0.2%	0.77%	−0.19
ETX Eaton Vance Muni Inc. 2028 TM	Reduce -45.5%	0.19%	−0.19
CB Chubb Ltd.	Reduce -32.7%	0.33%	−0.19
ABBV Abbvie Inc.	Reduce -0.8%	1.44%	−0.18
MRK Merck & Co. Inc.	Reduce -2.7%	1.00%	−0.18
BTT BlackRock 2030 Muni TRGT TRM	Reduce -15.0%	0.71%	−0.17
PEP Pepsico Inc.	Reduce -3.7%	0.79%	−0.13
TXN Texas Instruments Inc.	Reduce -5.1%	0.75%	−0.12
INTC Intel Corp.	Reduce -35.5%	0.15%	−0.12
CCI Crown Castle Inc.	Reduce -39.8%	0.09%	−0.11
VZ Verizon Communications Inc.	Reduce -11.7%	0.36%	−0.10
ARCC Ares Capital Corp.	Sold out	0.00%	−0.10
NEE Nextera Energy Inc.	Reduce -0.0%	0.50%	−0.09
SPY SS SPDR S&P 500 ETF Trust-US	Sold out	0.00%	−0.08
PG The Procter & Gamble Co.	Reduce -0.2%	1.73%	−0.07
CL Colgate-Palmolive Co.	Sold out	0.00%	−0.07
NZF Nuveen Municipal Credit Inc.	Reduce -13.6%	0.27%	−0.07
HD Home Depot Inc.	Reduce -0.7%	1.22%	−0.07
PFFV Global X Variable Rate Pref	Sold out	0.00%	−0.06
CVS CVS Health Corp.	Sold out	0.00%	−0.06
CSWC Capital Southwest Corp.	Sold out	0.00%	−0.06
LMT Lockheed Martin Corp.	Reduce -3.9%	0.23%	−0.06
RTX RTX Corp.	Reduce -0.2%	1.01%	−0.06
VB Vanguard Most SM-Cap ETF-Usd	Reduce -24.0%	0.17%	−0.05
NVS Novartis AG-Sponsored ADR	Reduce -14.5%	0.10%	−0.04
ORCL Oracle Corp.	Reduce -1.9%	0.75%	−0.04
IVV iShares Core S&P 500 ETF	Reduce -14.0%	0.24%	−0.04
NVDA Nvidia Corp.	Reduce -11.6%	1.09%	−0.03
MMM 3M Co.	Reduce -3.3%	0.27%	−0.03
UPS United Parcel Service Class B	Reduce -19.2%	0.07%	−0.02
VRP Invesco Variable Rate Prefer	Reduce -6.5%	0.28%	−0.02
CAT Caterpillar Inc.	Reduce -1.1%	0.20%	−0.02
CVX Chevron Corp.	Reduce -2.9%	0.35%	−0.02
MDLZ Mondelez International Inc. Class A	Reduce -0.6%	0.07%	−0.02
ICE Intercontinental Exchange Inc.	Reduce -3.2%	0.13%	−0.02
STIP iShares 0-5 Year Tips Bond E	Reduce -6.9%	0.17%	−0.02
SBUX Starbucks Corp.	Reduce -1.5%	0.16%	−0.01
FITB Fifth Third Bancorp	Reduce -1.7%	0.36%	−0.01
VWO Vanguard Ftse Emerging Marke	Reduce -9.4%	0.06%	−0.01
BLK BlackRock Finance Inc.	Reduce -13.3%	0.12%	−0.01
T AT&T Inc.	Reduce -10.5%	0.10%	−0.01
SPYD SS SPDR P S&P 500 Hi Div ETF	Reduce -0.5%	0.11%	−0.01
PM Philip Morris International	Reduce -0.6%	0.31%	−0.01

Portfolio Buys Q3 2024 → Q4 2024


VOO Vanguard S&P 500 ETF	Add +298.4%	1.49%	+1.12
DFAT Dimensional US Target Value	Add +55.8%	1.59%	+0.57
GOOG Alphabet Inc. Class C	Add +0.2%	4.06%	+0.48
VUG Vanguard Mrngstar GR ETF-Sui	Add +32.5%	1.47%	+0.43
VTI VG Morningstar TS MKT ETF-US	Add +267.0%	0.47%	+0.34
SCHB Schwab US Broad Market ETF	Add +14.7%	2.17%	+0.31
VIG Vanguard Dividend Apprec ETF	Add +17.1%	2.20%	+0.29
WMT Walmart Inc.	Add +0.2%	2.38%	+0.25
JEPI JPMorgan Equity Premium Inco	Add +30.1%	1.12%	+0.23
VBK Van Morst SML-Cap Gro-Usd Inc.	Add +24.3%	0.73%	+0.17
VBR Vngrd Mrngst SL-CP Val ETF-U	Add +101.5%	0.32%	+0.16
MINT PIMCO Enhanced Short Maturit	New	0.15%	+0.15
AMZN Amazon.com Inc.	Add +2.2%	0.79%	+0.13
BXSL Blackstone Secured Lending F	Add +10.6%	0.70%	+0.12
WFC Wells Fargo & Co.	Add +0.4%	0.55%	+0.11
DFAE Dimensional Emerging Core Eq	New	0.09%	+0.09
TSLA Tesla Inc.	New	0.08%	+0.08
TEL Te Connectivity PLC	New	0.07%	+0.07
XLV SS Health Care Select Sector	New	0.07%	+0.07
AXP American Express Co.	Add +0.1%	0.77%	+0.06
PYLD PIMCO Multisector Bond Actv	Add +74.5%	0.16%	+0.06
DFAI Dimensional International Co.	Add +64.8%	0.18%	+0.06
ENB Enbridge Inc.	New	0.06%	+0.06
DKS Dick's Sporting Goods Inc.	Add +0.0%	0.52%	+0.04
AVGO Broadcom Inc.	Add +7.1%	0.14%	+0.04
SCHW Schwab (charles) Corp.	Add +0.3%	0.31%	+0.04
VYM Vanguard High DVD Yield ETF	Add +2.8%	1.70%	+0.03
SCHP Schwab U.S. Tips ETF	Add +20.2%	0.22%	+0.03
COST Costco Wholesale Corp.	Add +0.6%	0.67%	+0.02
MA Mastercard Inc. Class A	Add +0.5%	0.33%	+0.02
META Meta Platforms Inc. Class A	Add +2.7%	0.43%	+0.02
SCHF Schwab Intl Equity ETF	Add +15.6%	0.46%	+0.02
GS Goldman Sachs Group Inc.	Add +0.9%	0.10%	+0.01
OKE Oneok Inc.	Add +0.3%	0.14%	+0.01
BAC Bank of America Corp.	Add +5.3%	0.08%	+0.01
EMR Emerson Electric Co.	Add +0.7%	0.07%	+0.01
PYPL PayPal Holdings Inc.	Add +0.9%	0.07%	+0.01
MO Altria Group Inc.	Add +0.5%	0.23%	+0.01
FDX FedEx Corp.	Add +0.2%	0.22%	+0.01
ALL Allstate Corp.	Add +0.4%	0.14%	+0.00
SPG Simon Property Group Inc.	Add +0.5%	0.11%	+0.00
VEEV Veeva Systems Inc. Class A	Add +0.3%	0.12%	−0.00
DFAS Dimensional US Small Cap ETF	Add +0.1%	0.55%	−0.00
USRT iShares Core US REIT ETF	Add +7.8%	0.31%	−0.00
WELL Welltower Inc.	Add +1.1%	0.06%	−0.00
IBM Intl Business Machines Corp.	Add +0.7%	0.23%	−0.00
MCO Moody's Corp.	Add +0.4%	0.25%	−0.00
U Unity Software Inc.	Add +0.1%	0.18%	−0.00
ABT Abbott Laboratories	Add +0.6%	0.33%	−0.00
MIY BlackRock Muniyield Mi QLTY	Add +1.8%	0.04%	−0.00

All Filings

Quarter	Positions	13F Reported Value	Top Holdings
Q2 2026	169	$404.6M	AAPL, LLY, GOOG, VTI, MSFT
Q1 2026	156	$355.2M	AAPL, LLY, GOOG, MSFT, VTI
Q4 2025	155	$373.1M	AAPL, LLY, MSFT, GOOG, JPM
Q3 2025	153	$360.5M	AAPL, MSFT, LLY, GOOG, JPM
Q2 2025	152	$344.1M	MSFT, AAPL, LLY, JPM, GOOG
Q1 2025	149	$332.0M	LLY, AAPL, MSFT, BRK.B, GOOG
Q4 2024	150	$330.9M	AAPL, LLY, MSFT, GOOG, JPM
Q3 2024	150	$329.2M	LLY, AAPL, MSFT, GOOG, BRK.B
Q2 2024	146	$314.1M	LLY, AAPL, MSFT, GOOG, BRK.B
Q1 2024	141	$305.2M	LLY, AAPL, MSFT, GOOG, BRK.B