Walter & Keenan Wealth Management LLC /in/
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 13, 2025), Walter & Keenan Wealth Management LLC /in/ reported 153 stock positions worth $360.5 million. Its top holding was Apple (AAPL) at 6.4% of the portfolio, followed by Microsoft (MSFT, 5.5%) and Eli Lilly (LLY, 4.8%). Compared with Q2 2025, it opened 8 new positions, sold out of 7, added to 55 and reduced 75. The biggest buy was Apple (AAPL, shares +0%) and the biggest sale Procter & Gamble (PG, shares −10%).
- Most Recent 13F
- Q2 2026
- Location
- SOUTH BEND, IN
- CIK
- 0000752365
- Portfolio Value
- $360.5M (Q3 2025)
- SEC Filing
- 0000752365-25-000009 ↗ filed Nov 13, 2025
Holdings Value
Holdings 153 stocks · $360.5M
| AAPL Apple Inc. | 6.43% | 91,057 | $23.2M | Add +0.3% |
| MSFT Microsoft Corp. | 5.54% | 38,534 | $20.0M | Reduce -1.9% |
| LLY Eli Lilly & Co. | 4.77% | 22,538 | $17.2M | Add +1.1% |
| GOOG Alphabet Inc. Class C | 4.16% | 61,606 | $15.0M | Reduce -12.5% |
| JPM JPMorgan Chase & Co. | 3.49% | 39,872 | $12.6M | Reduce -7.6% |
| BRK.B Berkshire Hathaway Inc. Class B | 3.31% | 23,729 | $11.9M | Reduce -1.0% |
| VTI VG Morningstar TS MKT ETF-US | 2.80% | 30,785 | $10.1M | Add +6.6% |
| VIG Vanguard Dividend Apprec ETF | 2.49% | 41,573 | $9.0M | Add +7.2% |
| WMT Walmart Inc. | 2.45% | 85,860 | $8.8M | Reduce -3.3% |
| SCHB Schwab US Broad Market ETF | 2.36% | 331,377 | $8.5M | Add +4.4% |
| VT Vanguard Tot World STK ETF | 2.08% | 54,300 | $7.5M | Reduce -3.4% |
| GOOGL Alphabet Inc. Class A | 2.06% | 30,540 | $7.4M | Add +0.3% |
| V Visa Inc. Class A | 1.81% | 19,135 | $6.5M | Reduce -0.4% |
| JNJ Johnson & Johnson | 1.79% | 34,734 | $6.4M | Reduce -10.4% |
| CSCO Cisco Systems Inc. | 1.77% | 93,426 | $6.4M | Reduce -0.1% |
| NVDA Nvidia Corp. | 1.69% | 32,622 | $6.1M | Reduce -7.9% |
| BRK.A Berkshire Hathaway Inc. Class A | 1.67% | 8 | $6.0M | Reduce -11.1% |
| VOO Vanguard S&P 500 ETF | 1.65% | 9,694 | $5.9M | Add +4.2% |
| ABBV Abbvie Inc. | 1.58% | 24,662 | $5.7M | Reduce -4.2% |
| VYM Vanguard High DVD Yield ETF | 1.53% | 39,194 | $5.5M | Reduce -0.1% |
| PG The Procter & Gamble Co. | 1.30% | 30,539 | $4.7M | Reduce -10.0% |
| NTRS Northern Trust Corp. | 1.30% | 34,786 | $4.7M | Reduce -9.8% |
| RTX RTX Corp. | 1.26% | 27,168 | $4.5M | Add +0.2% |
| ORCL Oracle Corp. | 1.23% | 15,713 | $4.4M | Add +1.1% |
| DFAT Dimensional US Target Value | 1.09% | 67,784 | $3.9M | Reduce -1.5% |
| HD Home Depot Inc. | 1.09% | 9,717 | $3.9M | Add +0.2% |
| VUG Vanguard Mrngstar GR ETF-Sui | 1.07% | 8,075 | $3.9M | Reduce -0.0% |
| COIN Coinbase Global Inc. Class A | 1.06% | 11,327 | $3.8M | Reduce -10.8% |
| AMZN Amazon.com Inc. | 1.03% | 16,865 | $3.7M | Add +0.8% |
| PLTR Palantir Technologies Inc. Class A | 1.01% | 19,903 | $3.6M | Reduce -1.9% |
| JEPI JPMorgan Equity Premium Inco | 0.95% | 59,890 | $3.4M | Reduce -17.1% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.85% | 16,344 | $3.0M | Reduce -0.1% |
| XOM Exxon Mobil Corp. | 0.80% | 25,477 | $2.9M | Reduce -1.4% |
| SCHD Schwab US DVD Equity ETF | 0.78% | 103,404 | $2.8M | Reduce -7.1% |
| AMGN Amgen Inc. | 0.78% | 9,980 | $2.8M | Reduce -1.3% |
| IQLT iShares MSCI International Q | 0.71% | 58,233 | $2.6M | New |
| KO The Coca-Cola Co. | 0.71% | 38,475 | $2.6M | Reduce -0.5% |
| META Meta Platforms Inc. Class A | 0.69% | 3,403 | $2.5M | Add +0.4% |
| MRK Merck & Co. Inc. | 0.69% | 29,766 | $2.5M | Reduce -12.9% |
| AXP American Express Co. | 0.69% | 7,505 | $2.5M | Add +1.2% |
| MDT Medtronic PLC | 0.67% | 25,429 | $2.4M | Reduce -1.8% |
| TXN Texas Instruments Inc. | 0.67% | 13,175 | $2.4M | Reduce -3.6% |
| COST Costco Wholesale Corp. | 0.67% | 2,595 | $2.4M | Reduce -0.6% |
| PEP Pepsico Inc. | 0.64% | 16,355 | $2.3M | Reduce -2.9% |
| WFC Wells Fargo & Co. | 0.64% | 27,376 | $2.3M | Add +0.1% |
| DFAS Dimensional US Small Cap ETF | 0.64% | 33,439 | $2.3M | Reduce -4.4% |
| VYMI Vanguard Int High DVD YLD Inc. | 0.59% | 25,106 | $2.1M | Add +1.8% |
| ACN Accenture PLC Class A | 0.56% | 8,183 | $2.0M | Add +0.3% |
| CSW CSW Industrials Inc. | 0.54% | 8,000 | $1.9M | No change |
| BTT BlackRock 2030 Muni TRGT TRM | 0.53% | 85,339 | $1.9M | Reduce -8.0% |
| SCHF Schwab Intl Equity ETF | 0.53% | 82,030 | $1.9M | No change |
| VBK Van Morst SML-Cap Gro-Usd Inc. | 0.52% | 6,320 | $1.9M | Reduce -4.7% |
| BX Blackstone Inc. | 0.51% | 10,802 | $1.8M | Add +0.5% |
| EMXC iShares MSCI Emr MRK Ex Chna | 0.50% | 26,753 | $1.8M | Add +1.5% |
| KKR KKR & Co. Inc. | 0.50% | 13,775 | $1.8M | Add +3.5% |
| NEE Nextera Energy Inc. | 0.45% | 21,433 | $1.6M | Add +0.2% |
| ITW Illinois Tool Works | 0.42% | 5,757 | $1.5M | Reduce -16.6% |
| MA Mastercard Inc. Class A | 0.40% | 2,545 | $1.4M | Add +0.3% |
| AVGO Broadcom Inc. | 0.39% | 4,275 | $1.4M | Add +1.4% |
| SCHW Schwab (charles) Corp. | 0.38% | 14,445 | $1.4M | Add +0.1% |
| SSNC Ss&c Technologies Holdings | 0.37% | 15,085 | $1.3M | Add +0.0% |
| BN Brookfield Corp. | 0.37% | 19,460 | $1.3M | No change |
| MCD McDonald's Corp. | 0.33% | 3,902 | $1.2M | Add +5.0% |
| VIGI Vanguard Int Div App Indx FD | 0.30% | 12,040 | $1.1M | Add +2.4% |
| ABT Abbott Laboratories | 0.29% | 7,838 | $1.0M | Reduce -14.9% |
| USRT iShares Core US REIT ETF | 0.29% | 17,836 | $1.0M | Reduce -1.0% |
| SO The Southern Co. | 0.29% | 10,951 | $1.0M | Add +0.1% |
| APH Amphenol Corp. Class A | 0.28% | 8,204 | $1.0M | Add +0.3% |
| TSLA Tesla Inc. | 0.27% | 2,161 | $961K | Add +0.5% |
| CAT Caterpillar Inc. | 0.26% | 1,999 | $954K | Add +0.5% |
| VZ Verizon Communications Inc. | 0.26% | 21,567 | $948K | Reduce -11.2% |
| PM Philip Morris International | 0.26% | 5,825 | $945K | Reduce -3.7% |
| MMM 3M Co. | 0.26% | 6,045 | $938K | Add +1.0% |
| DFAI Dimensional International Co. | 0.26% | 25,805 | $938K | Add +17.0% |
| IVV iShares Core S&P 500 ETF | 0.25% | 1,369 | $916K | No change |
| DHR Danaher Corp. | 0.25% | 4,566 | $905K | Reduce -7.2% |
| MCO Moody's Corp. | 0.25% | 1,896 | $903K | Reduce -0.2% |
| AEP American Electric Power | 0.25% | 8,021 | $902K | Reduce -5.1% |
| CMCSA Comcast Corp. Class A | 0.25% | 28,652 | $900K | Reduce -9.5% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.25% | 7,747 | $887K | Reduce -8.9% |
| MO Altria Group Inc. | 0.25% | 13,388 | $884K | Reduce -0.3% |
| PFE Pfizer Inc. | 0.24% | 34,547 | $880K | Reduce -22.8% |
| KMI Kinder Morgan Inc. | 0.24% | 30,547 | $865K | Reduce -11.9% |
| CVX Chevron Corp. | 0.23% | 5,428 | $843K | Reduce -0.1% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.23% | 2,876 | $811K | Reduce -4.5% |
| DKS Dick's Sporting Goods Inc. | 0.22% | 3,511 | $780K | Reduce -53.2% |
| SCHP Schwab U.S. Tips ETF | 0.22% | 28,943 | $780K | Add +10.7% |
| DLR Digital Realty Trust Inc. | 0.22% | 4,487 | $776K | Reduce -9.5% |
| LMT Lockheed Martin Corp. | 0.20% | 1,447 | $723K | Reduce -4.2% |
| FITB Fifth Third Bancorp | 0.20% | 16,087 | $717K | No change |
| SRCE 1ST Source Corp. | 0.20% | 11,554 | $711K | No change |
| PYLD PIMCO Multisector Bond Actv | 0.19% | 26,077 | $700K | Add +24.7% |
| XPO Xpo Inc. | 0.19% | 5,194 | $671K | No change |
| BXSL Blackstone Secured Lending F | 0.18% | 25,189 | $657K | Reduce -42.4% |
| CB Chubb Ltd. | 0.18% | 2,274 | $642K | Reduce -46.3% |
| ETX Eaton Vance Muni Inc. 2028 TM | 0.18% | 32,775 | $633K | Reduce -13.9% |
| VEEV Veeva Systems Inc. Class A | 0.16% | 1,963 | $585K | Reduce -0.8% |
| GD General Dynamics Corp. | 0.16% | 1,703 | $581K | Reduce -3.4% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.16% | 2,275 | $579K | Add +0.2% |
| BLK BlackRock Inc. | 0.16% | 496 | $578K | Add +0.6% |
Portfolio Sells Q2 2025 → Q3 2025
| PG The Procter & Gamble Co. | Reduce -10.0% | 1.30% | −0.27 |
| JEPI JPMorgan Equity Premium Inco | Reduce -17.1% | 0.95% | −0.25 |
| COIN Coinbase Global Inc. Class A | Reduce -10.8% | 1.06% | −0.23 |
| BRK.A Berkshire Hathaway Inc. Class A | Reduce -11.1% | 1.67% | −0.23 |
| UNH Unitedhealth Group Inc. | Reduce -68.3% | 0.11% | −0.22 |
| DKS Dick's Sporting Goods Inc. | Reduce -53.2% | 0.22% | −0.22 |
| BXSL Blackstone Secured Lending F | Reduce -42.4% | 0.18% | −0.21 |
| CB Chubb Ltd. | Reduce -46.3% | 0.18% | −0.18 |
| V Visa Inc. Class A | Reduce -0.4% | 1.81% | −0.17 |
| TXN Texas Instruments Inc. | Reduce -3.6% | 0.67% | −0.15 |
| JPM JPMorgan Chase & Co. | Reduce -7.6% | 3.49% | −0.15 |
| EPD Enterprise Products Partners | Sold out | 0.00% | −0.14 |
| MSFT Microsoft Corp. | Reduce -1.9% | 5.54% | −0.14 |
| FDX FedEx Corp. | Sold out | 0.00% | −0.13 |
| NTRS Northern Trust Corp. | Reduce -9.8% | 1.30% | −0.12 |
| CSCO Cisco Systems Inc. | Reduce -0.1% | 1.77% | −0.11 |
| WM Waste Management Inc. | Reduce -41.7% | 0.12% | −0.11 |
| MRK Merck & Co. Inc. | Reduce -12.9% | 0.69% | −0.09 |
| KO The Coca-Cola Co. | Reduce -0.5% | 0.71% | −0.09 |
| COST Costco Wholesale Corp. | Reduce -0.6% | 0.67% | −0.08 |
| U Unity Software Inc. | Reduce -63.6% | 0.11% | −0.08 |
| VRP Invesco Variable Rate Prefer | Reduce -31.7% | 0.16% | −0.08 |
| ITW Illinois Tool Works | Reduce -16.6% | 0.42% | −0.08 |
| CMCSA Comcast Corp. Class A | Reduce -9.5% | 0.25% | −0.08 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -1.0% | 3.31% | −0.07 |
| SCHD Schwab US DVD Equity ETF | Reduce -7.1% | 0.78% | −0.07 |
| ABT Abbott Laboratories | Reduce -14.9% | 0.29% | −0.07 |
| PFE Pfizer Inc. | Reduce -22.8% | 0.24% | −0.07 |
| CL Colgate-Palmolive Co. | Sold out | 0.00% | −0.07 |
| WMT Walmart Inc. | Reduce -3.3% | 2.45% | −0.07 |
| XLV SS Health Care Select Sector | Sold out | 0.00% | −0.07 |
| DIS The Walt Disney Co. | Reduce -8.9% | 0.25% | −0.06 |
| BKNG Booking Holdings Inc. | Sold out | 0.00% | −0.06 |
| BTT BlackRock 2030 Muni TRGT TRM | Reduce -8.0% | 0.53% | −0.06 |
| NOW ServiceNow Inc. | Sold out | 0.00% | −0.06 |
| PM Philip Morris International | Reduce -3.7% | 0.26% | −0.06 |
| KMI Kinder Morgan Inc. | Reduce -11.9% | 0.24% | −0.06 |
| VZ Verizon Communications Inc. | Reduce -11.2% | 0.26% | −0.04 |
| AMGN Amgen Inc. | Reduce -1.3% | 0.78% | −0.04 |
| MRSH Marsh & McLennan Cos | Reduce -12.5% | 0.12% | −0.04 |
| DLR Digital Realty Trust Inc. | Reduce -9.5% | 0.22% | −0.04 |
| ISRG Intuitive Surgical Inc. | Reduce -10.4% | 0.08% | −0.03 |
| IBM Intl Business Machines Corp. | Reduce -4.5% | 0.23% | −0.03 |
| DHR Danaher Corp. | Reduce -7.2% | 0.25% | −0.03 |
| MCO Moody's Corp. | Reduce -0.2% | 0.25% | −0.03 |
| ICE Intercontinental Exchange Inc. | Reduce -3.9% | 0.14% | −0.03 |
| VT Vanguard Tot World STK ETF | Reduce -3.4% | 2.08% | −0.02 |
| ETX Eaton Vance Muni Inc. 2028 TM | Reduce -13.9% | 0.18% | −0.02 |
| SBUX Starbucks Corp. | Reduce -2.1% | 0.14% | −0.02 |
| BMY Bristol-Myers Squibb Co. | Reduce -16.2% | 0.08% | −0.02 |
Portfolio Buys Q2 2025 → Q3 2025
| AAPL Apple Inc. | Add +0.3% | 6.43% | +1.02 |
| IQLT iShares MSCI International Q | New | 0.71% | +0.71 |
| GOOGL Alphabet Inc. Class A | Add +0.3% | 2.06% | +0.50 |
| VTI VG Morningstar TS MKT ETF-US | Add +6.6% | 2.80% | +0.25 |
| ORCL Oracle Corp. | Add +1.1% | 1.23% | +0.24 |
| VIG Vanguard Dividend Apprec ETF | Add +7.2% | 2.49% | +0.18 |
| SCHB Schwab US Broad Market ETF | Add +4.4% | 2.36% | +0.16 |
| DUHP Dimensional US High Profi Et | New | 0.12% | +0.12 |
| VOO Vanguard S&P 500 ETF | Add +4.2% | 1.65% | +0.11 |
| RTX RTX Corp. | Add +0.2% | 1.26% | +0.11 |
| GPIX GLDM SA S&P 500 PR in ETF-US | New | 0.11% | +0.11 |
| QXO Qxo Inc. | New | 0.09% | +0.09 |
| GE General Electric | New | 0.07% | +0.07 |
| TSLA Tesla Inc. | Add +0.5% | 0.27% | +0.07 |
| CMI Cummins Inc. | New | 0.07% | +0.07 |
| IWF iShares Russell 1000 Growth | New | 0.06% | +0.06 |
| HD Home Depot Inc. | Add +0.2% | 1.09% | +0.06 |
| AMD Advanced Micro Devices | New | 0.06% | +0.06 |
| AVGO Broadcom Inc. | Add +1.4% | 0.39% | +0.05 |
| APH Amphenol Corp. Class A | Add +0.3% | 0.28% | +0.05 |
| BX Blackstone Inc. | Add +0.5% | 0.51% | +0.04 |
| CAT Caterpillar Inc. | Add +0.5% | 0.26% | +0.04 |
| DFAI Dimensional International Co. | Add +17.0% | 0.26% | +0.04 |
| PYLD PIMCO Multisector Bond Actv | Add +24.7% | 0.19% | +0.03 |
| TEL Te Connectivity PLC | Add +5.0% | 0.12% | +0.03 |
| VTIP Vanguard Short-Term Tips | Add +47.2% | 0.09% | +0.03 |
| DFAE Dimensional Emerging Core Eq | Add +18.0% | 0.13% | +0.02 |
| NOC Northrop Grumman Corp. | Add +2.4% | 0.11% | +0.02 |
| EMXC iShares MSCI Emr MRK Ex Chna | Add +1.5% | 0.50% | +0.02 |
| NEE Nextera Energy Inc. | Add +0.2% | 0.45% | +0.02 |
| TMO Thermo Fisher Scientific Inc. | Add +0.3% | 0.12% | +0.02 |
| VYMI Vanguard Int High DVD YLD Inc. | Add +1.8% | 0.59% | +0.02 |
| SCHP Schwab U.S. Tips ETF | Add +10.7% | 0.22% | +0.01 |
| MCD McDonald's Corp. | Add +5.0% | 0.33% | +0.01 |
| GS Goldman Sachs Group Inc. | Add +1.9% | 0.14% | +0.01 |
| WELL Welltower Inc. | Add +1.6% | 0.10% | +0.01 |
| DUK Duke Energy Corp. | Add +9.5% | 0.12% | +0.01 |
| BLK BlackRock Inc. | Add +0.6% | 0.16% | +0.01 |
| SSNC Ss&c Technologies Holdings | Add +0.0% | 0.37% | +0.01 |
| CDNS Cadence Design SYS Inc. | Add +1.6% | 0.07% | +0.01 |
| BAC Bank of America Corp. | Add +1.1% | 0.13% | +0.01 |
| VXUS Vanguard Total Intl Stock | Add +3.3% | 0.11% | +0.01 |
| AXP American Express Co. | Add +1.2% | 0.69% | +0.00 |
| VB Vanguard Most SM-Cap ETF-Usd | Add +0.2% | 0.16% | +0.00 |
| BND Vanguard Total Bond Market | Add +8.4% | 0.08% | +0.00 |
| VWO Vanguard Ftse Emerging Marke | Add +0.0% | 0.07% | +0.00 |
| NVS Novartis AG-Sponsored ADR | Add +1.8% | 0.09% | +0.00 |
| UBER Uber Technologies Inc. | Add +2.2% | 0.07% | +0.00 |
| WFC Wells Fargo & Co. | Add +0.1% | 0.64% | 0.00 |
| SCHW Schwab (charles) Corp. | Add +0.1% | 0.38% | −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 |