Managers / Q1 2022 · view latest →
Keystone Financial Services
CIK 0001865158 · 4090 CLYDESDALE PARKWAY, SUITE 201, LOVELAND, CO, 80538 · 970-744-5408
Summary
Keystone Financial Services reported $174M in U.S.-listed holdings across 164 positions for Q1 2022.
Its largest position, Ishares Tr, represents 14.2% of the portfolio.
Compared with Q4 2021, the fund opened 5 new positions and exited 16.
Portfolio Metrics
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
Portfolio Composition
- ETP · 86.9% · $151M
- Common Stock · 11.8% · $21M
- Other · 0.7% · $1M
- ADR · 0.5% · $914,000
Quarter-over-Quarter Changes full breakdown →
vs Q4 2021 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| KMXCARMAX INC | NEW | +8.6K | 8.6K | +$795,000 | $795,000 |
| FIRST TR EXCHNG TRADED FD VI | NEW | +10.6K | 10.6K | +$499,000 | $499,000 |
| FIRST TR EXCHANGE-TRADED FD | NEW | +5.5K | 5.5K | +$270,000 | $270,000 |
| CBSHCOMMERCE BANCSHARES INC | NEW | +3.0K | 3.0K | +$206,000 | $206,000 |
| DDOMINION ENERGY INC | NEW | +2.4K | 2.4K | +$202,000 | $202,000 |
| TLHISHARES TR | ADDED | +10.4K | 16.0K | +$1M | $2M |
| ISHARES TR | ADDED | +3.8K | 6.2K | +$247,000 | $471,000 |
| ISHARES TR | SOLD OUT | −47.9K | 0 | −$4M | $0 |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q1 2022
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | TLHISHARES TR | CORE S&P500 ETF · ESG AWR MSCI USA · EAFE VALUE ETF · CORE TOTAL USD · US TREAS BD ETF · EAFE GRWTH ETF · U.S. ENERGY ETF · CORE S&P SCP ETF · TIPS BD ETF · MSCI USA VALUE · GLOBAL TECH ETF · MSCI USA MIN VOL · FALN ANGLS USD · 10-20 YR TRS ETF · ESG MSCI USA ETF · ESG ADV TTL USD · MBS ETF | 77.37% | $134M | 1.85M |
| 2 | ESGEISHARES INChistory → | ESG AWR MSCI EM | 3.17% | $6M | 171.2K |
| 3 | ISHARES U S ETF TR | GSCI CMDTY STGY | 2.52% | $4M | 107.6K |
| 4 | BRK/BBERKSHIRE HATHAWAY INC DELhistory → | CL B NEW | 1.37% | $2M | 7.6K |
| 5 | GOOGALPHABET INC | CAP STK CL C | 0.82% | $1M | 631 |
| 6 | VANGUARD INDEX FDS | TOTAL STK MKT | 0.69% | $1M | 6.1K |
| 7 | ENBENBRIDGE INC | COM | 0.53% | $920,000 | 21.2K |
| 8 | AAPLAPPLE INC | COM | 0.42% | $730,000 | 4.8K |
| 9 | ORCLORACLE CORP | COM | 0.34% | $598,000 | 8.4K |
| 10 | 4I1PHILIP MORRIS INTL INC | COM | 0.33% | $565,000 | 5.7K |
| 11 | JPMJPMORGAN CHASE & CO | COM | 0.32% | $555,000 | 4.6K |
| 12 | LIGHTNING EMOTORS INC | COM | 0.29% | $504,000 | 136.2K |
| 13 | FIRST TR EXCHNG TRADED FD VI | TCW OPPORTUNIS | 0.29% | $499,000 | 10.6K |
| 14 | METAMETA PLATFORMS INC | CL A | 0.25% | $440,000 | 2.2K |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q1 2026 | $341M | 259 | May 6, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q4 2025 | $331M | 261 | Feb 12, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q3 2025 | $323M | 271 | Nov 13, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q2 2025 | $294M | 249 | Aug 7, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q1 2025 | $262M | 216 | Apr 23, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q4 2024 | $261M | 223 | Jan 31, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q3 2024 | $258M | 216 | Nov 5, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q2 2024 | $241M | 200 | Jul 23, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q4 2023 | $212M | 190 | Jan 29, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q3 2023 | $189M | 171 | Nov 8, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q2 2023 | $196M | 173 | Aug 2, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q1 2023 | $187M | 183 | Apr 28, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q4 2022 | $186M | 185 | Feb 1, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q3 2022 | $172M | 183 | Oct 28, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q2 2022 | $184M | 186 | Aug 3, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q1 2022 | $174M | 164 | May 10, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q4 2021 | $195M | 192 | Feb 1, 2022 | 13F-HR | changes · 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 ↗.