SEC 13F Intelligence

Managers / Q3 2025 · view latest →

Keeler Thomas Management LLC

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

Reported Value
$245M
Q3 2025
Positions
105
Filings on Record
30
2019–present window
Filed
Nov 4, 2025
original filing

Summary

Keeler Thomas Management LLC reported $245M in U.S.-listed holdings across 105 positions for Q3 2025.

Its largest position, IBDQ, represents 4.8% of the portfolio.

Compared with Q2 2025, the fund opened 2 new positions and exited 5.

Portfolio Metrics

Turnover
+3.4%
vs prior filed quarter
Top-10 Concentration
+36.9%
share of reported value
Largest Position
+4.8%
Ishares Tr
New / Exited
2 / 5
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
ETP: 52.8%Common Stock: 43.6%Other: 2.0%REIT: 1.5%ADR: 0.1%
  • ETP · 52.8% · $129M
  • Common Stock · 43.6% · $107M
  • Other · 2.0% · $5M
  • REIT · 1.5% · $4M
  • ADR · 0.1% · $358,103

Quarter-over-Quarter Changes full breakdown →

vs Q2 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
VANGUARD INDEX FDSNEW+2.8K2.8K+$917,958$917,958
SPDR S&P 500 ETF TRNEW+796796+$530,461$530,461
MSFTMICROSOFT CORPADDED+12.0K15.0K+$6M$8M
RHPRYMAN HOSPITALITY PPTYS INCADDED+5.0K7.7K+$424,740$686,610
HESHESS CORPSOLD OUT−12.2K0−$2M$0
AKXANSYS INCSOLD OUT−3.8K0−$1M$0
CHVCHEVRON CORP NEWSOLD OUT−3.9K0−$561,328$0
ISHARES TRSOLD OUT−3.9K0−$248,809$0

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

Holdings — Q3 2025

30 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1IBDQISHARES TRIBONDS DEC25 ETF · IBONDS 2026 TERM · IBONDS 28 TR HI · IBONDS 2027 TERM · IBONDS DEC2026 · IBONDS 29 TR HI · IBONDS 25 TRM HG · BROAD USD HIGH · IBONDS 27 ETF · IBONDS 25 TRM TS · IBONDS DEC 2031 · IBONDS DEC 2030 · IBONDS DEC 29 · IBDS DEC28 ETF · IBONDS 29 TRM TS · IBONDS 2031 TERM · IBONDS 2030 TERM · IBONDS 26 TRM TS · IBOND DEC 2030 · IBONDS DEC 203448.32%$118M4.91M
2MSFTMICROSOFT CORPhistory →COM3.18%$8M15.0K
3NVDANVIDIA CORPORATIONhistory →COM2.90%$7M38.0K
4JANUS DETROIT STR TRB-BBB CLO ETF2.29%$6M116.7K
5QCOMQUALCOMM INChistory →COM1.36%$3M20.0K
6GOOGLALPHABET INChistory →CAP STK CL A1.26%$3M12.7K
7BRK/BBERKSHIRE HATHAWAY INC DELhistory →CL B NEW1.11%$3M5.4K
8AMDADVANCED MICRO DEVICES INChistory →COM1.10%$3M16.7K
9GNRCGENERAC HLDGS INChistory →COM1.07%$3M15.7K
10PFEPFIZER INChistory →COM1.06%$3M102.1K
11SNPSSYNOPSYS INChistory →COM1.03%$3M5.1K
12VICIVICI PPTYS INChistory →COM1.01%$2M75.6K
13ROSTROSS STORES INCCOM0.93%$2M15.0K
14AAPLAPPLE INCCOM0.89%$2M8.6K
15TMUST-MOBILE US INCCOM0.89%$2M9.1K
16DUKDUKE ENERGY CORP NEWCOM NEW0.86%$2M17.0K
17KMIKINDER MORGAN INC DELCOM0.81%$2M70.2K
18GAPGAP INCCOM0.80%$2M91.6K
19FDXFEDEX CORPCOM0.80%$2M8.3K
20IDXXIDEXX LABS INCCOM0.75%$2M2.9K
21NOWSERVICENOW INCCOM0.75%$2M2.0K
22RLRALPH LAUREN CORPCL A0.74%$2M5.8K
23CVSAADTALEM GLOBAL ED INCCOM0.70%$2M11.1K
24METAMETA PLATFORMS INCCL A0.70%$2M2.3K
25LHXL3HARRIS TECHNOLOGIES INCCOM0.69%$2M5.5K
26WD5ATRAVEL PLUS LEISURE COCOM0.68%$2M28.0K
27ACMAECOMCOM0.67%$2M12.6K
28LDOSLEIDOS HOLDINGS INCCOM0.65%$2M8.5K
29MMSMAXIMUS INCCOM0.64%$2M17.1K
30NFLXNETFLIX INCCOM0.62%$2M1.3K

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 ↗.