Walter & Keenan Wealth Management LLC /in/
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 11, 2025), Walter & Keenan Wealth Management LLC /in/ reported 152 stock positions worth $344.1 million. Its top holding was Microsoft (MSFT) at 5.7% of the portfolio, followed by Apple (AAPL, 5.4%) and Eli Lilly (LLY, 5.0%). Compared with Q1 2025, it opened 13 new positions, sold out of 10, added to 68 and reduced 60. The biggest buy was Microsoft (MSFT, shares +3%) and the biggest sale Eli Lilly (LLY, shares −9%).
- Most Recent 13F
- Q2 2026
- Location
- SOUTH BEND, IN
- CIK
- 0000752365
- Portfolio Value
- $344.1M (Q2 2025)
- SEC Filing
- 0000752365-25-000004 ↗ filed Aug 11, 2025
Holdings Value
Holdings 152 stocks · $344.1M
| MSFT Microsoft Corp. | 5.68% | 39,300 | $19.5M | Add +2.6% |
| AAPL Apple Inc. | 5.41% | 90,805 | $18.6M | Add +0.4% |
| LLY Eli Lilly & Co. | 5.05% | 22,294 | $17.4M | Reduce -9.4% |
| JPM JPMorgan Chase & Co. | 3.64% | 43,172 | $12.5M | Reduce -3.1% |
| GOOG Alphabet Inc. Class C | 3.63% | 70,392 | $12.5M | Reduce -0.3% |
| BRK.B Berkshire Hathaway Inc. Class B | 3.38% | 23,966 | $11.6M | Add +2.7% |
| VTI VG Morningstar TS MKT ETF-US | 2.55% | 28,875 | $8.8M | Add +30.6% |
| WMT Walmart Inc. | 2.52% | 88,796 | $8.7M | Add +1.2% |
| VIG Vanguard Dividend Apprec ETF | 2.31% | 38,799 | $7.9M | Add +0.8% |
| SCHB Schwab US Broad Market ETF | 2.20% | 317,485 | $7.6M | Add +0.0% |
| VT Vanguard Tot World STK ETF | 2.10% | 56,220 | $7.2M | Reduce -0.9% |
| V Visa Inc. Class A | 1.98% | 19,209 | $6.8M | Add +2.4% |
| BRK.A Berkshire Hathaway Inc. Class A | 1.91% | 9 | $6.6M | No change |
| CSCO Cisco Systems Inc. | 1.89% | 93,509 | $6.5M | Reduce -4.6% |
| JNJ Johnson & Johnson | 1.72% | 38,763 | $5.9M | Reduce -8.8% |
| NVDA Nvidia Corp. | 1.63% | 35,423 | $5.6M | Add +10.9% |
| PG The Procter & Gamble Co. | 1.57% | 33,926 | $5.4M | Reduce -2.1% |
| GOOGL Alphabet Inc. Class A | 1.56% | 30,442 | $5.4M | Reduce -5.4% |
| VOO Vanguard S&P 500 ETF | 1.53% | 9,300 | $5.3M | Add +1.6% |
| VYM Vanguard High DVD Yield ETF | 1.52% | 39,245 | $5.2M | Reduce -10.3% |
| NTRS Northern Trust Corp. | 1.42% | 38,543 | $4.9M | Reduce -8.6% |
| ABBV Abbvie Inc. | 1.39% | 25,730 | $4.8M | Reduce -4.9% |
| COIN Coinbase Global Inc. Class A | 1.29% | 12,695 | $4.4M | Reduce -0.1% |
| JEPI JPMorgan Equity Premium Inco | 1.19% | 72,262 | $4.1M | Add +2.5% |
| RTX RTX Corp. | 1.15% | 27,119 | $4.0M | Reduce -6.4% |
| DFAT Dimensional US Target Value | 1.08% | 68,798 | $3.7M | Reduce -29.2% |
| AMZN Amazon.com Inc. | 1.07% | 16,735 | $3.7M | Add +22.7% |
| HD Home Depot Inc. | 1.03% | 9,701 | $3.6M | Reduce -8.5% |
| VUG Vanguard Mrngstar GR ETF-Sui | 1.03% | 8,076 | $3.5M | Reduce -2.2% |
| ORCL Oracle Corp. | 0.99% | 15,545 | $3.4M | Add +3.4% |
| SCHD Schwab US DVD Equity ETF | 0.86% | 111,265 | $2.9M | Reduce -0.3% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.84% | 16,367 | $2.9M | Reduce -2.6% |
| TXN Texas Instruments Inc. | 0.82% | 13,665 | $2.8M | Add +3.2% |
| AMGN Amgen Inc. | 0.82% | 10,111 | $2.8M | Add +1.8% |
| XOM Exxon Mobil Corp. | 0.81% | 25,834 | $2.8M | Reduce -6.1% |
| PLTR Palantir Technologies Inc. Class A | 0.80% | 20,278 | $2.8M | Add +3.7% |
| KO The Coca-Cola Co. | 0.80% | 38,675 | $2.7M | Reduce -5.0% |
| MRK Merck & Co. Inc. | 0.79% | 34,168 | $2.7M | Add +1.8% |
| COST Costco Wholesale Corp. | 0.75% | 2,610 | $2.6M | Add +4.9% |
| META Meta Platforms Inc. Class A | 0.73% | 3,389 | $2.5M | Add +19.8% |
| ACN Accenture PLC Class A | 0.71% | 8,163 | $2.4M | Add +2.2% |
| AXP American Express Co. | 0.69% | 7,415 | $2.4M | Reduce -14.1% |
| CSW CSW Industrials Inc. | 0.67% | 8,000 | $2.3M | No change |
| MDT Medtronic PLC | 0.66% | 25,881 | $2.3M | Reduce -7.7% |
| DFAS Dimensional US Small Cap ETF | 0.65% | 34,981 | $2.2M | Add +24.8% |
| PEP Pepsico Inc. | 0.65% | 16,835 | $2.2M | Reduce -3.6% |
| WFC Wells Fargo & Co. | 0.64% | 27,339 | $2.2M | Add +2.6% |
| BTT BlackRock 2030 Muni TRGT TRM | 0.59% | 92,751 | $2.0M | Reduce -10.6% |
| VYMI Vanguard Int High DVD YLD Inc. | 0.57% | 24,668 | $2.0M | Reduce -0.2% |
| VBK Van Morst SML-Cap Gro-Usd Inc. | 0.53% | 6,634 | $1.8M | Reduce -4.8% |
| SCHF Schwab Intl Equity ETF | 0.53% | 82,030 | $1.8M | Add +0.7% |
| KKR KKR & Co. Inc. | 0.51% | 13,312 | $1.8M | Add +0.0% |
| ITW Illinois Tool Works | 0.50% | 6,900 | $1.7M | Reduce -12.6% |
| EMXC iShares MSCI Emr MRK Ex Chna | 0.48% | 26,367 | $1.7M | No change |
| BX Blackstone Inc. | 0.47% | 10,745 | $1.6M | Add +2.6% |
| NEE Nextera Energy Inc. | 0.43% | 21,397 | $1.5M | Reduce -8.4% |
| DKS Dick's Sporting Goods Inc. | 0.43% | 7,509 | $1.5M | Add +0.1% |
| MA Mastercard Inc. Class A | 0.41% | 2,536 | $1.4M | Add +12.3% |
| BXSL Blackstone Secured Lending F | 0.39% | 43,716 | $1.3M | Reduce -40.1% |
| SCHW Schwab (charles) Corp. | 0.38% | 14,433 | $1.3M | Add +3.5% |
| ABT Abbott Laboratories | 0.36% | 9,208 | $1.3M | Reduce -8.0% |
| SSNC Ss&c Technologies Holdings | 0.36% | 15,079 | $1.2M | Add +0.1% |
| CB Chubb Ltd. | 0.36% | 4,233 | $1.2M | Add +3.9% |
| BN Brookfield Corp. | 0.35% | 19,460 | $1.2M | No change |
| AVGO Broadcom Inc. | 0.34% | 4,215 | $1.2M | Add +49.1% |
| CMCSA Comcast Corp. Class A | 0.33% | 31,659 | $1.1M | Reduce -9.8% |
| UNH Unitedhealth Group Inc. | 0.33% | 3,594 | $1.1M | Reduce -3.7% |
| PM Philip Morris International | 0.32% | 6,051 | $1.1M | Reduce -32.3% |
| MCD McDonald's Corp. | 0.32% | 3,715 | $1.1M | Reduce -0.2% |
| PFE Pfizer Inc. | 0.32% | 44,725 | $1.1M | Reduce -25.8% |
| VIGI Vanguard Int Div App Indx FD | 0.31% | 11,760 | $1.1M | Reduce -10.9% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.31% | 8,501 | $1.1M | Reduce -12.1% |
| VZ Verizon Communications Inc. | 0.31% | 24,291 | $1.1M | Reduce -14.6% |
| USRT iShares Core US REIT ETF | 0.30% | 18,024 | $1.0M | Reduce -0.4% |
| KMI Kinder Morgan Inc. | 0.30% | 34,674 | $1.0M | Add +11.0% |
| SO The Southern Co. | 0.29% | 10,945 | $1.0M | Reduce -1.0% |
| DHR Danaher Corp. | 0.28% | 4,920 | $972K | Add +4.8% |
| MCO Moody's Corp. | 0.28% | 1,900 | $953K | Add +7.3% |
| MMM 3M Co. | 0.26% | 5,984 | $911K | Reduce -13.6% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.26% | 3,012 | $888K | Reduce -18.4% |
| AEP American Electric Power | 0.25% | 8,456 | $877K | Add +0.5% |
| DLR Digital Realty Trust Inc. | 0.25% | 4,957 | $864K | Add +2.7% |
| IVV iShares Core S&P 500 ETF | 0.25% | 1,369 | $850K | Add +0.1% |
| VRP Invesco Variable Rate Prefer | 0.24% | 33,526 | $820K | Reduce -17.0% |
| APH Amphenol Corp. Class A | 0.23% | 8,175 | $807K | Add +16.1% |
| WM Waste Management Inc. | 0.23% | 3,464 | $793K | Add +3.4% |
| MO Altria Group Inc. | 0.23% | 13,422 | $787K | Reduce -11.4% |
| CVX Chevron Corp. | 0.23% | 5,431 | $778K | Reduce -34.6% |
| CAT Caterpillar Inc. | 0.22% | 1,990 | $773K | Add +5.5% |
| DFAI Dimensional International Co. | 0.22% | 22,056 | $762K | Add +3.1% |
| SRCE 1ST Source Corp. | 0.21% | 11,554 | $717K | Add +50.6% |
| LMT Lockheed Martin Corp. | 0.20% | 1,511 | $700K | Reduce -8.4% |
| SCHP Schwab U.S. Tips ETF | 0.20% | 26,150 | $698K | Reduce -5.4% |
| ETX Eaton Vance Muni Inc. 2028 TM | 0.20% | 38,075 | $686K | Reduce -6.8% |
| TSLA Tesla Inc. | 0.20% | 2,150 | $683K | Add +76.7% |
| U Unity Software Inc. | 0.19% | 27,457 | $664K | Add +1.1% |
| FITB Fifth Third Bancorp | 0.19% | 16,087 | $662K | Reduce -42.6% |
| XPO Xpo Inc. | 0.19% | 5,194 | $656K | Add +0.8% |
| VEEV Veeva Systems Inc. Class A | 0.17% | 1,979 | $570K | Add +0.8% |
| SBUX Starbucks Corp. | 0.16% | 6,115 | $560K | Add +2.3% |
Portfolio Sells Q1 2025 → Q2 2025
| LLY Eli Lilly & Co. | Reduce -9.4% | 5.05% | −1.07 |
| DFAT Dimensional US Target Value | Reduce -29.2% | 1.08% | −0.43 |
| HON Honeywell International Inc. | Sold out | 0.00% | −0.42 |
| JNJ Johnson & Johnson | Reduce -8.8% | 1.72% | −0.40 |
| BXSL Blackstone Secured Lending F | Reduce -40.1% | 0.39% | −0.32 |
| ABBV Abbvie Inc. | Reduce -4.9% | 1.39% | −0.32 |
| UNH Unitedhealth Group Inc. | Reduce -3.7% | 0.33% | −0.26 |
| PG The Procter & Gamble Co. | Reduce -2.1% | 1.57% | −0.21 |
| CVX Chevron Corp. | Reduce -34.6% | 0.23% | −0.19 |
| VYM Vanguard High DVD Yield ETF | Reduce -10.3% | 1.52% | −0.18 |
| XOM Exxon Mobil Corp. | Reduce -6.1% | 0.81% | −0.18 |
| ALL Allstate Corp. | Sold out | 0.00% | −0.15 |
| PFE Pfizer Inc. | Reduce -25.8% | 0.32% | −0.15 |
| PEP Pepsico Inc. | Reduce -3.6% | 0.65% | −0.14 |
| OKE Oneok Inc. | Sold out | 0.00% | −0.14 |
| FITB Fifth Third Bancorp | Reduce -42.6% | 0.19% | −0.14 |
| HD Home Depot Inc. | Reduce -8.5% | 1.03% | −0.14 |
| SPG Simon Property Group Inc. | Sold out | 0.00% | −0.11 |
| NZF Nuveen Municipal Credit Inc. | Reduce -40.0% | 0.14% | −0.11 |
| PM Philip Morris International | Reduce -32.3% | 0.32% | −0.11 |
| MDT Medtronic PLC | Reduce -7.7% | 0.66% | −0.10 |
| ITW Illinois Tool Works | Reduce -12.6% | 0.50% | −0.09 |
| DFIS Dimensional International SM | Sold out | 0.00% | −0.09 |
| KO The Coca-Cola Co. | Reduce -5.0% | 0.80% | −0.08 |
| SCHD Schwab US DVD Equity ETF | Reduce -0.3% | 0.86% | −0.08 |
| VZ Verizon Communications Inc. | Reduce -14.6% | 0.31% | −0.08 |
| MDLZ Mondelez International Inc. Class A | Sold out | 0.00% | −0.08 |
| ELS Equity Lifestyle Properties | Sold out | 0.00% | −0.08 |
| BTT BlackRock 2030 Muni TRGT TRM | Reduce -10.6% | 0.59% | −0.07 |
| EPD Enterprise Products Partners | Reduce -23.8% | 0.14% | −0.07 |
| BMY Bristol-Myers Squibb Co. | Reduce -19.4% | 0.10% | −0.07 |
| UPS United Parcel Service Class B | Sold out | 0.00% | −0.07 |
| NEE Nextera Energy Inc. | Reduce -8.4% | 0.43% | −0.07 |
| WEC WEC Energy Group Inc. | Sold out | 0.00% | −0.06 |
| CMCSA Comcast Corp. Class A | Reduce -9.8% | 0.33% | −0.06 |
| FDX FedEx Corp. | Reduce -22.3% | 0.13% | −0.06 |
| VRP Invesco Variable Rate Prefer | Reduce -17.0% | 0.24% | −0.06 |
| INTC Intel Corp. | Reduce -24.3% | 0.12% | −0.05 |
| MO Altria Group Inc. | Reduce -11.4% | 0.23% | −0.05 |
| MMM 3M Co. | Reduce -13.6% | 0.26% | −0.04 |
| MIY BlackRock Muniyield Mi QLTY | Sold out | 0.00% | −0.04 |
| STIP iShares 0-5 Year Tips Bond E | Reduce -17.4% | 0.14% | −0.04 |
| ABT Abbott Laboratories | Reduce -8.0% | 0.36% | −0.04 |
| MCD McDonald's Corp. | Reduce -0.2% | 0.32% | −0.03 |
| VTV Vanguard Mrngstr Val ETF-Aui | Reduce -2.6% | 0.84% | −0.03 |
| NVS Novartis AG-Sponsored ADR | Reduce -28.2% | 0.09% | −0.03 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | Reduce -20.3% | 0.12% | −0.03 |
| ETX Eaton Vance Muni Inc. 2028 TM | Reduce -6.8% | 0.20% | −0.03 |
| VIGI Vanguard Int Div App Indx FD | Reduce -10.9% | 0.31% | −0.02 |
| SCHP Schwab U.S. Tips ETF | Reduce -5.4% | 0.20% | −0.02 |
Portfolio Buys Q1 2025 → Q2 2025
| MSFT Microsoft Corp. | Add +2.6% | 5.68% | +1.35 |
| VTI VG Morningstar TS MKT ETF-US | Add +30.6% | 2.55% | +0.72 |
| NVDA Nvidia Corp. | Add +10.9% | 1.63% | +0.58 |
| ORCL Oracle Corp. | Add +3.4% | 0.99% | +0.35 |
| PLTR Palantir Technologies Inc. Class A | Add +3.7% | 0.80% | +0.31 |
| AMZN Amazon.com Inc. | Add +22.7% | 1.07% | +0.29 |
| META Meta Platforms Inc. Class A | Add +19.8% | 0.73% | +0.24 |
| WMT Walmart Inc. | Add +1.2% | 2.52% | +0.20 |
| AVGO Broadcom Inc. | Add +49.1% | 0.34% | +0.20 |
| DFAS Dimensional US Small Cap ETF | Add +24.8% | 0.65% | +0.14 |
| SCHB Schwab US Broad Market ETF | Add +0.0% | 2.20% | +0.14 |
| VOO Vanguard S&P 500 ETF | Add +1.6% | 1.53% | +0.12 |
| NFLX Netflix Inc. | New | 0.11% | +0.11 |
| VXUS Vanguard Total Intl Stock | New | 0.11% | +0.11 |
| TXN Texas Instruments Inc. | Add +3.2% | 0.82% | +0.11 |
| TSLA Tesla Inc. | Add +76.7% | 0.20% | +0.10 |
| APH Amphenol Corp. Class A | Add +16.1% | 0.23% | +0.10 |
| INTU Intuit Inc. | New | 0.09% | +0.09 |
| VTES Vanguard SH Term Tax-Ex Bond | New | 0.08% | +0.08 |
| BND Vanguard Total Bond Market | New | 0.08% | +0.08 |
| LIN Linde PLC | New | 0.07% | +0.07 |
| SRCE 1ST Source Corp. | Add +50.6% | 0.21% | +0.07 |
| UBER Uber Technologies Inc. | New | 0.07% | +0.07 |
| NKE Nike Inc. Class B | New | 0.07% | +0.07 |
| QCOM Qualcomm Inc. | New | 0.06% | +0.06 |
| WFC Wells Fargo & Co. | Add +2.6% | 0.64% | +0.06 |
| CDNS Cadence Design SYS Inc. | New | 0.06% | +0.06 |
| BKNG Booking Holdings Inc. | New | 0.06% | +0.06 |
| NOW ServiceNow Inc. | New | 0.06% | +0.06 |
| VIG Vanguard Dividend Apprec ETF | Add +0.8% | 2.31% | +0.06 |
| SCHW Schwab (charles) Corp. | Add +3.5% | 0.38% | +0.05 |
| KKR KKR & Co. Inc. | Add +0.0% | 0.51% | +0.05 |
| DLR Digital Realty Trust Inc. | Add +2.7% | 0.25% | +0.04 |
| COST Costco Wholesale Corp. | Add +4.9% | 0.75% | +0.04 |
| MA Mastercard Inc. Class A | Add +12.3% | 0.41% | +0.04 |
| SCHF Schwab Intl Equity ETF | Add +0.7% | 0.53% | +0.04 |
| CAT Caterpillar Inc. | Add +5.5% | 0.22% | +0.04 |
| BLK BlackRock Inc. | Add +21.4% | 0.15% | +0.03 |
| U Unity Software Inc. | Add +1.1% | 0.19% | +0.03 |
| MCO Moody's Corp. | Add +7.3% | 0.28% | +0.03 |
| VEEV Veeva Systems Inc. Class A | Add +0.8% | 0.17% | +0.03 |
| KMI Kinder Morgan Inc. | Add +11.0% | 0.30% | +0.03 |
| BAC Bank of America Corp. | Add +16.8% | 0.12% | +0.03 |
| BX Blackstone Inc. | Add +2.6% | 0.47% | +0.03 |
| XPO Xpo Inc. | Add +0.8% | 0.19% | +0.02 |
| ISRG Intuitive Surgical Inc. | Add +18.1% | 0.11% | +0.02 |
| T AT&T Inc. | Add +18.1% | 0.15% | +0.02 |
| DFAI Dimensional International Co. | Add +3.1% | 0.22% | +0.02 |
| EMR Emerson Electric Co. | Add +6.8% | 0.08% | +0.02 |
| PYPL PayPal Holdings Inc. | Add +14.3% | 0.08% | +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 |