Walter & Keenan Wealth Management LLC /in/

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

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%
VRP Invesco Variable Rate Prefer	0.16%	22,888	$565K	Reduce -31.7%
NZF Nuveen Municipal Credit Inc.	0.14%	40,742	$512K	No change
SBUX Starbucks Corp.	0.14%	5,984	$506K	Reduce -2.1%
GS Goldman Sachs Group Inc.	0.14%	630	$502K	Add +1.9%
T AT&T Inc.	0.14%	17,474	$493K	Reduce -3.6%
ICE Intercontinental Exchange Inc.	0.14%	2,906	$490K	Reduce -3.9%
STIP iShares 0-5 Year Tips Bond E	0.13%	4,698	$486K	Add +0.1%
DFAE Dimensional Emerging Core Eq	0.13%	15,211	$480K	Add +18.0%
BAC Bank of America Corp. filed as BANK AMERICA CORP	0.13%	8,859	$457K	Add +1.1%
MRSH Marsh & McLennan Cos	0.12%	2,233	$450K	Reduce -12.5%
WM Waste Management Inc.	0.12%	2,020	$446K	Reduce -41.7%
TMO Thermo Fisher Scientific Inc.	0.12%	919	$446K	Add +0.3%
DUHP Dimensional US High Profi Et	0.12%	11,553	$436K	New
DUK Duke Energy Corp.	0.12%	3,523	$436K	Add +9.5%
TEL Te Connectivity PLC	0.12%	1,946	$427K	Add +5.0%
VBR Vngrd Mrngst SL-CP Val ETF-U	0.12%	2,044	$427K	Reduce -3.7%
VXUS Vanguard Total Intl Stock	0.11%	5,620	$413K	Add +3.3%
U Unity Software Inc.	0.11%	10,002	$400K	Reduce -63.6%
NOC Northrop Grumman Corp.	0.11%	653	$398K	Add +2.4%
UNH Unitedhealth Group Inc.	0.11%	1,139	$393K	Reduce -68.3%
APD Air Products & Chemicals Inc.	0.11%	1,403	$383K	Add +0.7%
GPIX GLDM SA S&P 500 PR in ETF-US	0.11%	7,319	$382K	New
WELL Welltower Inc.	0.10%	2,072	$369K	Add +1.6%
SPYD SS SPDR P S&P 500 Hi Div ETF	0.10%	8,227	$362K	No change
INTC Intel Corp.	0.10%	10,776	$362K	Reduce -41.8%
NFLX Netflix Inc.	0.10%	299	$358K	Add +1.4%
NVS Novartis AG-Sponsored ADR	0.09%	2,595	$333K	Add +1.8%
VTIP Vanguard Short-Term Tips	0.09%	6,234	$316K	Add +47.2%
HELO JPMorgan Hedged Equity ETF	0.09%	4,830	$314K	No change
QXO Qxo Inc.	0.09%	16,443	$313K	New
CVS CVS Health Corp.	0.09%	4,064	$306K	Reduce -0.9%
BND Vanguard Total Bond Market	0.08%	4,079	$303K	Add +8.4%
GXO Gxo Logistics Inc.	0.08%	5,564	$294K	No change
SCHE Schwab Emrg Mrkts Eqty ETF	0.08%	8,759	$292K	Reduce -1.0%
ISRG Intuitive Surgical Inc.	0.08%	644	$288K	Reduce -10.4%
EMR Emerson Electric Co.	0.08%	2,177	$286K	Add +2.2%
BMY Bristol-Myers Squibb Co.	0.08%	6,312	$285K	Reduce -16.2%
INTU Intuit Inc.	0.08%	397	$271K	No change
ISTB iShares Core 1-5 Year Usd Bo	0.07%	5,540	$271K	No change
VTES Vanguard SH Term Tax-Ex Bond	0.07%	2,650	$270K	Reduce -3.6%
GE General Electric filed as GE AEROSPACE	0.07%	860	$259K	New
UBER Uber Technologies Inc.	0.07%	2,631	$258K	Add +2.2%
VWO Vanguard Ftse Emerging Marke	0.07%	4,729	$256K	Add +0.0%
CMI Cummins Inc.	0.07%	575	$243K	New
ENB Enbridge Inc.	0.07%	4,760	$240K	No change
CDNS Cadence Design SYS Inc.	0.07%	680	$239K	Add +1.6%
DIVB iShares Core Dividend ETF	0.07%	4,500	$235K	No change
PYPL PayPal Holdings Inc.	0.06%	3,381	$227K	Reduce -4.7%
IWF iShares Russell 1000 Growth	0.06%	465	$218K	New
NKE Nike Inc. Class B	0.06%	3,098	$216K	Reduce -5.3%
QCOM Qualcomm Inc.	0.06%	1,269	$211K	Reduce -4.0%
AMD Advanced Micro Devices	0.06%	1,255	$203K	New
LIN Linde PLC	0.06%	422	$200K	Reduce -20.5%

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