SEC 13F Intelligence

Managers / Q2 2022 · view latest →

Keystone Financial Services

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

Reported Value
$184M
Q2 2022
Positions
186
Filings on Record
18
2019–present window
Filed
Aug 3, 2022
original filing

Summary

Keystone Financial Services reported $184M in U.S.-listed holdings across 186 positions for Q2 2022.

Its largest position, Ishares Tr, represents 13.8% of the portfolio.

Compared with Q1 2022, the fund opened 9 new positions and exited 2.

Portfolio Metrics

Turnover
+11.7%
vs prior filed quarter
Top-10 Concentration
+60.2%
share of reported value
Largest Position
+13.8%
Ishares Tr
New / Exited
9 / 2
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: 87.4%Common Stock: 11.6%Other: 0.5%ADR: 0.5%
  • ETP · 87.4% · $161M
  • Common Stock · 11.6% · $21M
  • Other · 0.5% · $976,000
  • ADR · 0.5% · $946,000

Quarter-over-Quarter Changes full breakdown →

vs Q1 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
ISHARES INCNEW+116.2K116.2K+$6M$6M
ISHARES TRNEW+33.3K33.3K+$3M$3M
ISHARES TRNEW+41.4K41.4K+$2M$2M
ISHARES TRNEW+16.6K16.6K+$1M$1M
LCTUUSDBLACKROCK ETF TRUSTNEW+8.1K8.1K+$366,000$366,000
FISVFISERV INCNEW+2.9K2.9K+$305,000$305,000
ISHARES TRNEW+10.0K10.0K+$237,000$237,000
ISHARES TRNEW+2.0K2.0K+$227,000$227,000

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

Holdings — Q2 2022

13 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1TLHISHARES TRCORE S&P500 ETF · ESG AWR MSCI USA · CORE TOTAL USD · US TREAS BD ETF · EAFE GRWTH ETF · EAFE VALUE ETF · TIPS BD ETF · CORE S&P SCP ETF · CORE HIGH DV ETF · MSCI USA MIN VOL · 10-20 YR TRS ETF · FALN ANGLS USD · US INFRASTRUC · U.S. ENERGY ETF · CONV BD ETF · MSCI KLD400 SOC · GLOBAL TECH ETF · MBS ETF · ESG MSCI USA ETF78.48%$144M1.97M
2ESGEISHARES INCMSCI EMERG MRKT · ESG AWR MSCI EM4.08%$8M150.0K
3BRK/BBERKSHIRE HATHAWAY INC DELhistory →CL B NEW1.24%$2M7.8K
4ISHARES U S ETF TRGSCI CMDTY STGY0.87%$2M41.1K
5GOOGALPHABET INCCAP STK CL C0.81%$1M12.9K
6AAPLAPPLE INCCOM0.42%$769,0004.8K
7ORCLORACLE CORPCOM0.37%$683,0008.9K
84I1PHILIP MORRIS INTL INCCOM0.32%$596,0006.0K
9VANGUARD INDEX FDSTOTAL STK MKT0.30%$559,0002.7K
10JPMJPMORGAN CHASE & COCOM0.30%$548,0004.9K
11ENBENBRIDGE INCCOM0.28%$513,00011.7K
12FIRST TR EXCHNG TRADED FD VITCW OPPORTUNIS0.27%$497,00010.5K
13KMXCARMAX INCCOM0.26%$480,0004.8K

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 ↗.