SEC 13F Intelligence

Managers / Q4 2023 · view latest →

Keeler Thomas Management LLC

CIK 0001730660 · 1327 S. 800 E., OREM, UT, 84097 · 801-226-0800

Reported Value
$254M
Q4 2023
Positions
65
Filings on Record
30
2019–present window
Filed
Feb 1, 2024
original filing

Summary

Keeler Thomas Management LLC reported $254M in U.S.-listed holdings across 65 positions for Q4 2023.

Its largest position, IBDQ, represents 6.0% of the portfolio.

Compared with Q3 2023, the fund opened 1 new position and exited 4.

Portfolio Metrics

Turnover
+8.1%
vs prior filed quarter
Top-10 Concentration
+39.6%
share of reported value
Largest Position
+6.0%
Ishares Tr
New / Exited
1 / 4
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $87MQ4 ’18Q1 ’19: $119MQ2 ’19: $125MQ3 ’19: $130MQ4 ’19: $140MQ4 ’19Q1 ’20: $85MQ2 ’20: $138MQ3 ’20: $159MQ4 ’20: $178MQ4 ’20Q1 ’21: $190MQ2 ’21: $205MQ3 ’21: $210MQ4 ’21: $231MQ4 ’21Q1 ’22: $208MQ2 ’22: $202MQ3 ’22: $197MQ4 ’22: $198MQ4 ’22Q1 ’23: $213MQ2 ’23: $248MQ3 ’23: $270MQ4 ’23: $254MQ4 ’23Q1 ’24: $292MQ2 ’24: $293MQ3 ’24: $316MQ4 ’24: $281MQ4 ’24Q1 ’25: $204MQ2 ’25: $232MQ3 ’25: $245MQ4 ’25: $210MQ4 ’25Q1 ’26: $236Mfilingsflow.com

Portfolio Composition

By security type
Common Stock: 50.8%ETP: 42.5%REIT: 3.0%Other: 2.5%ADR: 1.2%
  • Common Stock · 50.8% · $129M
  • ETP · 42.5% · $108M
  • REIT · 3.0% · $8M
  • Other · 2.5% · $6M
  • ADR · 1.2% · $3M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
ISHARES TRNEW+23.1K23.1K+$480,765$480,765
J P MORGAN EXCHANGE TRADED FADDED+43.6K72.3K+$2M$3M
ISHARES TRSOLD OUT−485.8K0−$12M$0
ISHARES TRSOLD OUT−432.8K0−$11M$0
RGENREPLIGEN CORPSOLD OUT−2.7K0−$427,737$0
VUGVANGUARD INDEX FDSSOLD OUT−1.4K0−$365,496$0
MCDMCDONALDS CORPADDED+7.3K16.8K+$565,127$5M
ISHARES TRTRIMMED−258.2K250.7K−$6M$6M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q4 2023

40 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1IBDQISHARES TRIBONDS DEC25 ETF · IBONDS DEC2026 · IBONDS DEC24 ETF · EAFE VALUE ETF · IBONDS 27 ETF · IBDS DEC28 ETF · IBONDS DEC 29 · IBONDS 25 TRM TS · IBONDS 24 TRM TS · IBONDS DEC 2030 · MSCI INDIA ETF38.99%$99M3.81M
2BRK/BBERKSHIRE HATHAWAY INC DELhistory →CL B NEW3.35%$8M23.8K
3COSTCOSTCO WHSL CORP NEWhistory →COM2.75%$7M10.6K
4AAPLAPPLE INChistory →COM2.51%$6M33.1K
5UNPUNION PAC CORPhistory →COM2.26%$6M23.3K
6EWBCEAST WEST BANCORP INChistory →COM2.13%$5M75.1K
7FITBFIFTH THIRD BANCORPhistory →COM2.13%$5M156.4K
8UNHUNITEDHEALTH GROUP INChistory →COM2.11%$5M10.2K
9FQIDIGITAL RLTY TR INChistory →COM2.02%$5M38.0K
10MCDMCDONALDS CORPhistory →COM1.96%$5M16.8K
11CATCATERPILLAR INChistory →COM1.92%$5M16.5K
12BLKCHFBLACKROCK INChistory →COM1.87%$5M5.8K
13CMCSACOMCAST CORP NEWhistory →CL A1.78%$5M102.8K
14WMTWALMART INChistory →COM1.73%$4M27.8K
15VVISA INChistory →COM CL A1.72%$4M16.8K
16TXTTEXTRON INChistory →COM1.66%$4M52.5K
17GOOGLALPHABET INChistory →CAP STK CL A1.59%$4M28.9K
18MTBM & T BK CORPhistory →COM1.44%$4M26.6K
19J P MORGAN EXCHANGE TRADED FUS QUALTY FCTR1.36%$3M72.3K
20FISVFISERV INChistory →COM1.35%$3M25.8K
21SCHWAB STRATEGIC TRSCHWB FDT EMK LG1.32%$3M123.2K
22DEDEERE & COhistory →COM1.26%$3M7.7K
23EXMOCEXXON MOBIL CORPhistory →COM1.23%$3M30.2K
24CRWDCROWDSTRIKE HLDGS INChistory →CL A1.22%$3M12.1K
25ADBEADOBE INChistory →COM1.15%$3M4.9K
26METAMETA PLATFORMS INChistory →CL A1.15%$3M8.2K
27TOLTOLL BROTHERS INChistory →COM1.14%$3M28.1K
28CHVCHEVRON CORP NEWhistory →COM1.12%$3M18.2K
29MSFTMICROSOFT CORPhistory →COM1.11%$3M7.5K
30NVONOVO-NORDISK A Shistory →ADR1.10%$3M26.9K
31PACER FDS TRPACER US SMALL0.99%$3M52.1K
32CUZCOUSINS PPTYS INCCOM NEW0.95%$2M97.1K
33WMWASTE MGMT INC DELCOM0.94%$2M13.4K
34BMYBRISTOL-MYERS SQUIBB COCOM0.86%$2M42.5K
35AMZNAMAZON COM INCCOM0.75%$2M12.5K
36KEYSKEYSIGHT TECHNOLOGIES INCCOM0.72%$2M11.4K
37NVDANVIDIA CORPORATIONCOM0.72%$2M3.7K
38CRMSALESFORCE INCCOM0.70%$2M6.7K
39MRKMERCK & CO INCCOM0.67%$2M15.6K
40INTUINTUITCOM0.66%$2M2.7K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$236M118May 12, 202613F-HRchanges · EDGAR ↗
Q4 2025$210M98Feb 12, 202613F-HRchanges · EDGAR ↗
Q3 2025$245M105Nov 4, 202513F-HRchanges · EDGAR ↗
Q2 2025$232M108Jul 31, 202513F-HRchanges · EDGAR ↗
Q1 2025$204M76May 9, 202513F-HRchanges · EDGAR ↗
Q4 2024$281M67Feb 4, 202513F-HRchanges · EDGAR ↗
Q3 2024$316M68Oct 17, 202413F-HRchanges · EDGAR ↗
Q2 2024$293M66Jul 23, 202413F-HRchanges · EDGAR ↗
Q1 2024$292M66May 7, 202413F-HRchanges · EDGAR ↗
Q4 2023$254M65Feb 1, 202413F-HRchanges · EDGAR ↗
Q3 2023$270M68Oct 26, 202313F-HRchanges · EDGAR ↗
Q2 2023$248M62Jul 21, 202313F-HRchanges · EDGAR ↗
Q1 2023$213M69May 2, 202313F-HRchanges · EDGAR ↗
Q4 2022$198M75Jan 20, 202313F-HRchanges · EDGAR ↗
Q3 2022$197M64Oct 24, 202213F-HRchanges · EDGAR ↗
Q2 2022$202M66Jul 29, 202213F-HRchanges · EDGAR ↗
Q1 2022$208M66Apr 28, 202213F-HRchanges · EDGAR ↗
Q4 2021$231M72Jan 24, 202213F-HRchanges · EDGAR ↗
Q3 2021$210M73Oct 15, 202113F-HRchanges · EDGAR ↗
Q2 2021$205M74Jul 27, 202113F-HRchanges · EDGAR ↗
Q1 2021$190M73Apr 23, 202113F-HRchanges · EDGAR ↗
Q4 2020$178M71Jan 26, 202113F-HRchanges · EDGAR ↗
Q3 2020$159M63Nov 2, 202013F-HRchanges · EDGAR ↗
Q2 2020$138M61Jul 17, 202013F-HRchanges · EDGAR ↗
Q1 2020$85M57Apr 17, 202013F-HRchanges · EDGAR ↗
Q4 2019$140M64Jan 21, 202013F-HRchanges · EDGAR ↗
Q3 2019$130M63Nov 4, 201913F-HRchanges · EDGAR ↗
Q2 2019$125M53Jul 31, 201913F-HRchanges · EDGAR ↗
Q1 2019$119M53Apr 30, 201913F-HRchanges · EDGAR ↗
Q4 2018$87M51Jan 24, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.