Walter & Keenan Wealth Management LLC /in/

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

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 21, 2025), Walter & Keenan Wealth Management LLC /in/ reported 149 stock positions worth $332.0 million. Its top holding was Eli Lilly (LLY) at 6.1% of the portfolio, followed by Apple (AAPL, 6.1%) and Microsoft (MSFT, 4.3%). Compared with Q4 2024, it opened 3 new positions, sold out of 4, added to 105 and reduced 24. The biggest buy was VG Morningstar TS MKT ETF-US (VTI, shares +316%) and the biggest sale Alphabet Class C (GOOG, shares −0%).

Most Recent 13F: Q2 2026
Location: SOUTH BEND, IN
CIK: 0000752365
Portfolio Value: $332.0M (Q1 2025)
SEC Filing: 0000752365-25-000002 ↗ filed Apr 21, 2025

Holdings Value

Holdings 149 stocks · $332.0M


LLY Eli Lilly & Co.	6.12%	24,603	$20.3M	Add +0.1%
AAPL Apple Inc.	6.05%	90,441	$20.1M	Add +0.6%
MSFT Microsoft Corp.	4.33%	38,300	$14.4M	Add +2.1%
BRK.B Berkshire Hathaway Inc. Class B	3.74%	23,330	$12.4M	Add +0.8%
GOOG Alphabet Inc. Class C	3.32%	70,568	$11.0M	Reduce -0.0%
JPM JPMorgan Chase & Co.	3.29%	44,557	$10.9M	Add +0.2%
WMT Walmart Inc.	2.32%	87,756	$7.7M	Add +0.6%
VIG Vanguard Dividend Apprec ETF	2.25%	38,506	$7.5M	Add +3.8%
BRK.A Berkshire Hathaway Inc. Class A	2.16%	9	$7.2M	No change
JNJ Johnson & Johnson	2.12%	42,517	$7.1M	Add +1.0%
SCHB Schwab US Broad Market ETF	2.06%	317,378	$6.8M	Add +0.2%
VT Vanguard Tot World STK ETF	1.98%	56,759	$6.6M	Add +2.5%
V Visa Inc. Class A	1.98%	18,767	$6.6M	Add +1.3%
VTI VG Morningstar TS MKT ETF-US	1.83%	22,114	$6.1M	Add +316.1%
CSCO Cisco Systems Inc.	1.82%	98,022	$6.0M	Add +0.5%
PG The Procter & Gamble Co.	1.78%	34,638	$5.9M	Add +1.2%
ABBV Abbvie Inc.	1.71%	27,057	$5.7M	Add +0.9%
VYM Vanguard High DVD Yield ETF	1.70%	43,777	$5.6M	Reduce -0.4%
DFAT Dimensional US Target Value	1.51%	97,154	$5.0M	Add +2.6%
GOOGL Alphabet Inc. Class A	1.50%	32,195	$5.0M	Add +2.1%
VOO Vanguard S&P 500 ETF	1.42%	9,151	$4.7M	Reduce -0.2%
NTRS Northern Trust Corp.	1.25%	42,184	$4.2M	Add +0.1%
JEPI JPMorgan Equity Premium Inco	1.21%	70,486	$4.0M	Add +9.0%
HD Home Depot Inc.	1.17%	10,607	$3.9M	Add +2.1%
RTX RTX Corp.	1.16%	28,967	$3.8M	Add +0.0%
NVDA Nvidia Corp.	1.04%	31,939	$3.5M	Add +18.8%
XOM Exxon Mobil Corp.	0.99%	27,521	$3.3M	Add +2.6%
SCHD Schwab US DVD Equity ETF	0.94%	111,647	$3.1M	Reduce -2.5%
AMGN Amgen Inc.	0.93%	9,930	$3.1M	Add +0.9%
VUG Vanguard Mrngstar GR ETF-Sui	0.92%	8,256	$3.1M	Reduce -30.2%
MRK Merck & Co. Inc.	0.91%	33,561	$3.0M	Add +1.4%
KO The Coca-Cola Co.	0.88%	40,729	$2.9M	Add +1.8%
VTV Vanguard Mrngstr Val ETF-Aui	0.87%	16,799	$2.9M	Reduce -0.7%
PEP Pepsico Inc.	0.79%	17,456	$2.6M	Add +0.9%
AMZN Amazon.com Inc.	0.78%	13,636	$2.6M	Add +14.7%
MDT Medtronic PLC	0.76%	28,047	$2.5M	Add +1.0%
ACN Accenture PLC Class A	0.75%	7,989	$2.5M	Add +2.5%
TXN Texas Instruments Inc.	0.72%	13,245	$2.4M	Add +0.4%
BXSL Blackstone Secured Lending F	0.71%	73,046	$2.4M	Add +1.8%
COST Costco Wholesale Corp.	0.71%	2,489	$2.4M	Add +3.1%
CSW CSW Industrials Inc.	0.70%	8,000	$2.3M	Reduce -0.0%
AXP American Express Co.	0.70%	8,632	$2.3M	Add +0.4%
BTT BlackRock 2030 Muni TRGT TRM	0.66%	103,686	$2.2M	Reduce -9.0%
COIN Coinbase Global Inc. Class A	0.66%	12,708	$2.2M	Add +0.2%
ORCL Oracle Corp.	0.63%	15,039	$2.1M	Add +1.3%
ITW Illinois Tool Works	0.59%	7,896	$2.0M	Add +1.2%
UNH Unitedhealth Group Inc.	0.59%	3,731	$2.0M	Add +4.3%
WFC Wells Fargo & Co.	0.58%	26,653	$1.9M	Add +2.3%
VYMI Vanguard Int High DVD YLD Inc.	0.55%	24,718	$1.8M	Reduce -13.9%
VBK Van Morst SML-Cap Gro-Usd Inc.	0.53%	6,965	$1.8M	Reduce -19.4%
DFAS Dimensional US Small Cap ETF	0.50%	28,027	$1.7M	Add +0.3%
NEE Nextera Energy Inc.	0.50%	23,362	$1.7M	Add +1.9%
PLTR Palantir Technologies Inc. Class A	0.50%	19,560	$1.7M	Add +1.1%
META Meta Platforms Inc. Class A	0.49%	2,828	$1.6M	Add +16.8%
SCHF Schwab Intl Equity ETF	0.49%	81,504	$1.6M	Reduce -0.4%
KKR KKR & Co. Inc.	0.46%	13,309	$1.5M	Add +0.1%
PFE Pfizer Inc.	0.46%	60,309	$1.5M	Reduce -5.7%
DKS Dick's Sporting Goods Inc.	0.46%	7,503	$1.5M	Add +0.0%
BX Blackstone Inc.	0.44%	10,476	$1.5M	Add +1.4%
EMXC iShares MSCI Emr MRK Ex Chna	0.44%	26,367	$1.5M	No change
PM Philip Morris International	0.43%	8,943	$1.4M	Add +3.7%
HON Honeywell International Inc.	0.42%	6,615	$1.4M	Add +2.2%
CVX Chevron Corp.	0.42%	8,310	$1.4M	Add +3.7%
ABT Abbott Laboratories	0.40%	10,010	$1.3M	Add +3.6%
CMCSA Comcast Corp. Class A	0.39%	35,081	$1.3M	Reduce -11.1%
VZ Verizon Communications Inc.	0.39%	28,449	$1.3M	Reduce -4.6%
SSNC Ss&c Technologies Holdings	0.38%	15,058	$1.3M	Add +0.4%
MA Mastercard Inc. Class A	0.37%	2,259	$1.2M	Add +8.7%
CB Chubb Ltd.	0.37%	4,075	$1.2M	Add +2.5%
MCD McDonald's Corp.	0.35%	3,721	$1.2M	Add +4.2%
FITB Fifth Third Bancorp	0.33%	28,042	$1.1M	Add +0.4%
VIGI Vanguard Int Div App Indx FD	0.33%	13,200	$1.1M	No change
SCHW Schwab (charles) Corp.	0.33%	13,944	$1.1M	Add +0.2%
USRT iShares Core US REIT ETF	0.31%	18,089	$1.0M	Add +0.2%
BN Brookfield Corp.	0.31%	19,460	$1.0M	No change
MMM 3M Co.	0.31%	6,928	$1.0M	Add +1.6%
SO The Southern Co.	0.31%	11,055	$1.0M	Add +2.7%
VRP Invesco Variable Rate Prefer	0.29%	40,386	$979K	Add +4.2%
DHR Danaher Corp.	0.29%	4,696	$963K	Add +2.4%
DIS The Walt Disney Co. filed as DISNEY WALT CO	0.29%	9,671	$954K	Add +3.3%
AEP American Electric Power	0.28%	8,415	$920K	Add +2.2%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS	0.28%	3,689	$917K	Add +5.6%
MO Altria Group Inc.	0.27%	15,155	$910K	Add +2.7%
KMI Kinder Morgan Inc.	0.27%	31,230	$891K	Add +1.5%
NZF Nuveen Municipal Credit Inc.	0.25%	67,945	$831K	Reduce -8.1%
MCO Moody's Corp.	0.25%	1,770	$824K	Add +2.2%
WM Waste Management Inc.	0.23%	3,351	$776K	Add +2.7%
IVV iShares Core S&P 500 ETF	0.23%	1,368	$769K	No change
ETX Eaton Vance Muni Inc. 2028 TM	0.22%	40,874	$747K	Add +14.1%
SCHP Schwab U.S. Tips ETF	0.22%	27,650	$744K	Add +0.0%
LMT Lockheed Martin Corp.	0.22%	1,649	$736K	Add +5.4%
EPD Enterprise Products Partners	0.22%	21,048	$719K	No change
DLR Digital Realty Trust Inc.	0.21%	4,826	$692K	Reduce -45.1%
DFAI Dimensional International Co.	0.20%	21,398	$668K	Add +3.1%
FDX FedEx Corp.	0.19%	2,610	$636K	Add +0.8%
CAT Caterpillar Inc.	0.19%	1,887	$622K	Add +5.8%
MRSH Marsh & McLennan Cos	0.19%	2,542	$620K	Add +4.8%
STIP iShares 0-5 Year Tips Bond E	0.18%	5,684	$588K	Add +0.0%
SBUX Starbucks Corp.	0.18%	5,978	$586K	Add +4.0%
BMY Bristol-Myers Squibb Co.	0.17%	9,341	$570K	Add +1.3%

Show all 149 holdings

Portfolio Sells Q4 2024 → Q1 2025


GOOG Alphabet Inc. Class C	Reduce -0.0%	3.32%	−0.74
VUG Vanguard Mrngstar GR ETF-Sui	Reduce -30.2%	0.92%	−0.55
DLR Digital Realty Trust Inc.	Reduce -45.1%	0.21%	−0.26
VBK Van Morst SML-Cap Gro-Usd Inc.	Reduce -19.4%	0.53%	−0.20
VBR Vngrd Mrngst SL-CP Val ETF-U	Reduce -50.5%	0.15%	−0.17
MINT PIMCO Enhanced Short Maturit	Sold out	0.00%	−0.15
CSW CSW Industrials Inc.	Reduce -0.0%	0.70%	−0.15
CCI Crown Castle Inc.	Sold out	0.00%	−0.09
VOO Vanguard S&P 500 ETF	Reduce -0.2%	1.42%	−0.08
NKE Nike Inc. Class B	Sold out	0.00%	−0.07
USMV iShares MSCI USA Min Vol Fac	Sold out	0.00%	−0.06
CMCSA Comcast Corp. Class A	Reduce -11.1%	0.39%	−0.06
PFE Pfizer Inc.	Reduce -5.7%	0.46%	−0.05
BTT BlackRock 2030 Muni TRGT TRM	Reduce -9.0%	0.66%	−0.05
VYMI Vanguard Int High DVD YLD Inc.	Reduce -13.9%	0.55%	−0.04
U Unity Software Inc.	Reduce -0.1%	0.16%	−0.02
NZF Nuveen Municipal Credit Inc.	Reduce -8.1%	0.25%	−0.02
VB Vanguard Most SM-Cap ETF-Usd	Reduce -0.9%	0.15%	−0.01
GXO Gxo Logistics Inc.	Reduce -0.2%	0.06%	−0.01
SCHD Schwab US DVD Equity ETF	Reduce -2.5%	0.94%	−0.01
SCHE Schwab Emrg Mrkts Eqty ETF	Reduce -3.9%	0.07%	−0.00
ELS Equity Lifestyle Properties	Reduce -0.2%	0.08%	−0.00
GD General Dynamics Corp.	Reduce -3.2%	0.15%	−0.00
VYM Vanguard High DVD Yield ETF	Reduce -0.4%	1.70%	+0.01
VTV Vanguard Mrngstr Val ETF-Aui	Reduce -0.7%	0.87%	+0.01
ALL Allstate Corp.	Reduce -0.3%	0.15%	+0.01
SCHF Schwab Intl Equity ETF	Reduce -0.4%	0.49%	+0.03
VZ Verizon Communications Inc.	Reduce -4.6%	0.39%	+0.03

Portfolio Buys Q4 2024 → Q1 2025


VTI VG Morningstar TS MKT ETF-US	Add +316.1%	1.83%	+1.36
BRK.B Berkshire Hathaway Inc. Class B	Add +0.8%	3.74%	+0.57
LLY Eli Lilly & Co.	Add +0.1%	6.12%	+0.38
JNJ Johnson & Johnson	Add +1.0%	2.12%	+0.28
ABBV Abbvie Inc.	Add +0.9%	1.71%	+0.27
V Visa Inc. Class A	Add +1.3%	1.98%	+0.21
AMGN Amgen Inc.	Add +0.9%	0.93%	+0.16
RTX RTX Corp.	Add +0.0%	1.16%	+0.14
KO The Coca-Cola Co.	Add +1.8%	0.88%	+0.13
XOM Exxon Mobil Corp.	Add +2.6%	0.99%	+0.11
PM Philip Morris International	Add +3.7%	0.43%	+0.11
JEPI JPMorgan Equity Premium Inco	Add +9.0%	1.21%	+0.09
MDT Medtronic PLC	Add +1.0%	0.76%	+0.09
CSCO Cisco Systems Inc.	Add +0.5%	1.82%	+0.08
CVS CVS Health Corp.	New	0.08%	+0.08
JPM JPMorgan Chase & Co.	Add +0.2%	3.29%	+0.07
ABT Abbott Laboratories	Add +3.6%	0.40%	+0.07
CVX Chevron Corp.	Add +3.7%	0.42%	+0.07
CL Colgate-Palmolive Co.	New	0.07%	+0.07
WEC WEC Energy Group Inc.	New	0.06%	+0.06
META Meta Platforms Inc. Class A	Add +16.8%	0.49%	+0.06
PLTR Palantir Technologies Inc. Class A	Add +1.1%	0.50%	+0.06
VIG Vanguard Dividend Apprec ETF	Add +3.8%	2.25%	+0.05
AEP American Electric Power	Add +2.2%	0.28%	+0.05
IBM Intl Business Machines Corp.	Add +5.6%	0.28%	+0.04
PG The Procter & Gamble Co.	Add +1.2%	1.78%	+0.04
MA Mastercard Inc. Class A	Add +8.7%	0.37%	+0.04
UNH Unitedhealth Group Inc.	Add +4.3%	0.59%	+0.04
MO Altria Group Inc.	Add +2.7%	0.27%	+0.04
MMM 3M Co.	Add +1.6%	0.31%	+0.04
COST Costco Wholesale Corp.	Add +3.1%	0.71%	+0.04
CB Chubb Ltd.	Add +2.5%	0.37%	+0.04
SO The Southern Co.	Add +2.7%	0.31%	+0.04
MCD McDonald's Corp.	Add +4.2%	0.35%	+0.04
SSNC Ss&c Technologies Holdings	Add +0.4%	0.38%	+0.04
T AT&T Inc.	Add +9.8%	0.13%	+0.03
WM Waste Management Inc.	Add +2.7%	0.23%	+0.03
ETX Eaton Vance Muni Inc. 2028 TM	Add +14.1%	0.22%	+0.03
MRSH Marsh & McLennan Cos	Add +4.8%	0.19%	+0.03
ICE Intercontinental Exchange Inc.	Add +5.1%	0.16%	+0.03
WFC Wells Fargo & Co.	Add +2.3%	0.58%	+0.02
WELL Welltower Inc.	Add +9.8%	0.08%	+0.02
INTC Intel Corp.	Add +0.6%	0.17%	+0.02
DUK Duke Energy Corp.	Add +6.0%	0.11%	+0.02
DFAI Dimensional International Co.	Add +3.1%	0.20%	+0.02
SBUX Starbucks Corp.	Add +4.0%	0.18%	+0.02
SCHW Schwab (charles) Corp.	Add +0.2%	0.33%	+0.02
TSLA Tesla Inc.	Add +92.0%	0.10%	+0.02
MDLZ Mondelez International Inc. Class A	Add +8.8%	0.08%	+0.02
VT Vanguard Tot World STK ETF	Add +2.5%	1.98%	+0.02

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