SEC 13F Intelligence

Managers / Q1 2026

Keystone Financial Services

CIK 0001865158 · 4090 CLYDESDALE PARKWAY, SUITE 201, LOVELAND, CO, 80538 · 970-744-5408

Reported Value
$341M
Q1 2026
Positions
259
Filings on Record
18
2019–present window
Filed
May 6, 2026
original filing

Summary

Keystone Financial Services reported $341M in U.S.-listed holdings across 259 positions for Q1 2026.

Its largest position, Ishares Tr, represents 6.8% of the portfolio.

Compared with Q4 2025, the fund opened 17 new positions and exited 19.

Portfolio Metrics

Turnover
+15.3%
vs prior filed quarter
Top-10 Concentration
+41.0%
share of reported value
Largest Position
+6.8%
Ishares Tr
New / Exited
17 / 19
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 ’21: $195MQ4 ’21Q1 ’22: $174MQ2 ’22: $184MQ3 ’22: $172MQ3 ’22Q4 ’22: $186MQ1 ’23: $187MQ2 ’23: $196MQ2 ’23Q3 ’23: $189MQ4 ’23: $212MQ2 ’24: $241MQ2 ’24Q3 ’24: $258MQ4 ’24: $261MQ1 ’25: $262MQ1 ’25Q2 ’25: $294MQ3 ’25: $323MQ4 ’25: $331MQ4 ’25Q1 ’26: $341Mfilingsflow.com

Portfolio Composition

By security type
ETP: 83.6%Common Stock: 14.6%ADR: 1.0%Other: 0.8%
  • ETP · 83.6% · $285M
  • Common Stock · 14.6% · $50M
  • ADR · 1.0% · $4M
  • Other · 0.8% · $3M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
BLACKROCK ETF TRUSTNEW+235.2K235.2K+$8M$8M
BLACKROCK ETF TRUSTNEW+181.5K181.5K+$7M$7M
FERGFERGUSON ENTERPRISES INCNEW+2.6K2.6K+$616,140$616,140
AMRIZE LTDNEW+10.8K10.8K+$605,912$605,912
ISHARES TRNEW+5.4K5.4K+$479,888$479,888
AON PLCNEW+1.5K1.5K+$468,999$468,999
ACCENTURE PLC IRELANDNEW+2.3K2.3K+$457,257$457,257
ISHARES TRNEW+3.8K3.8K+$290,257$290,257

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

Holdings — Q1 2026

17 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1TLHISHARES TRCORE S&P500 ETF · S&P 500 VAL ETF · CORE UNIVRSL USD · S&P 500 GRWT ETF · EAFE VALUE ETF · EAFE GRWTH ETF · MSCI USA QLT FCT · MSCI USA MMENTM · 10-20 YR TRS ETF · MBS ETF · US TREAS BD ETF · CORE INTL AGGR55.07%$188M1.89M
2BLACKROCK ETF TRUSTISHARES US EQUIT · ISHARES A I INNO · ISHARES US THEMA · ISHARES DEFENSE · ISHARES LARGE CA16.87%$57M1.38M
3ISHARES INCCORE MSCI EMKT5.68%$19M277.5K
4BRK/BBERKSHIRE HATHAWAY INC DELCL B NEW0.73%$2M5.2K
5GOOGALPHABET INCCAP STK CL C0.64%$2M7.6K
6JPMJPMORGAN CHASE & COCOM0.61%$2M7.1K
7BLACKROCK ETF TRUST IIISHARES FLEXIBLE0.60%$2M39.5K
84I1PHILIP MORRIS INTL INCCOM0.59%$2M12.1K
9BKNGBOOKING HOLDINGS INCCOM0.47%$2M381
10SCHWSCHWAB CHARLES CORPCOM0.47%$2M16.9K
11AVGOBROADCOM INCCOM0.45%$2M5.0K
12AMZNAMAZON COM INCCOM0.45%$2M7.4K
13IAU*ISHARES GOLD TRISHARES NEW0.45%$2M17.5K
14METAMETA PLATFORMS INCCL A0.45%$2M2.7K
15AMATAPPLIED MATLS INCCOM0.44%$1M4.4K
16MSFTMICROSOFT CORPCOM0.42%$1M3.9K
17COPCONOCOPHILLIPSCOM0.40%$1M10.2K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$341M259May 6, 202613F-HRchanges · EDGAR ↗
Q4 2025$331M261Feb 12, 202613F-HRchanges · EDGAR ↗
Q3 2025$323M271Nov 13, 202513F-HRchanges · EDGAR ↗
Q2 2025$294M249Aug 7, 202513F-HRchanges · EDGAR ↗
Q1 2025$262M216Apr 23, 202513F-HRchanges · EDGAR ↗
Q4 2024$261M223Jan 31, 202513F-HRchanges · EDGAR ↗
Q3 2024$258M216Nov 5, 202413F-HRchanges · EDGAR ↗
Q2 2024$241M200Jul 23, 202413F-HRchanges · EDGAR ↗
Q4 2023$212M190Jan 29, 202413F-HRchanges · EDGAR ↗
Q3 2023$189M171Nov 8, 202313F-HRchanges · EDGAR ↗
Q2 2023$196M173Aug 2, 202313F-HRchanges · EDGAR ↗
Q1 2023$187M183Apr 28, 202313F-HRchanges · EDGAR ↗
Q4 2022$186M185Feb 1, 202313F-HRchanges · EDGAR ↗
Q3 2022$172M183Oct 28, 202213F-HRchanges · EDGAR ↗
Q2 2022$184M186Aug 3, 202213F-HRchanges · EDGAR ↗
Q1 2022$174M164May 10, 202213F-HRchanges · EDGAR ↗
Q4 2021$195M192Feb 1, 202213F-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 ↗.