SEC 13F Intelligence

Managers / Q3 2022 · view latest →

Keystone Financial Services

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

Reported Value
$172M
Q3 2022
Positions
183
Filings on Record
18
2019–present window
Filed
Oct 28, 2022
original filing

Summary

Keystone Financial Services reported $172M in U.S.-listed holdings across 183 positions for Q3 2022.

Its largest position, Ishares Tr, represents 13.4% of the portfolio.

Compared with Q2 2022, the fund opened 4 new positions and exited 6.

Portfolio Metrics

Turnover
+13.0%
vs prior filed quarter
Top-10 Concentration
+58.4%
share of reported value
Largest Position
+13.4%
Ishares Tr
New / Exited
4 / 6
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: 87.5%Common Stock: 11.6%ADR: 0.5%Other: 0.5%
  • ETP · 87.5% · $151M
  • Common Stock · 11.6% · $20M
  • ADR · 0.5% · $819,000
  • Other · 0.5% · $775,000

Quarter-over-Quarter Changes full breakdown →

vs Q2 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
ISHARES TRNEW+56.9K56.9K+$4M$4M
ISHARES TRNEW+84.1K84.1K+$3M$3M
ISHARES TRNEW+22.6K22.6K+$3M$3M
MSFTMICROSOFT CORPNEW+2.2K2.2K+$494,000$494,000
ISHARES TRADDED+58.5K66.3K+$5M$6M
ISHARES TRSOLD OUT−33.3K0−$3M$0
ISHARES TRSOLD OUT−12.6K0−$642,000$0
PEPPEPSICO INCSOLD OUT−1.8K0−$307,000$0

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

Holdings — Q3 2022

13 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1TLHISHARES TRCORE S&P500 ETF · ESG AWR MSCI USA · CORE TOTAL USD · EAFE VALUE ETF · EAFE GRWTH ETF · MBS ETF · U.S. TECH ETF · US TREAS BD ETF · MSCI USA MMENTM · MSCI USA MIN VOL · 0-5YR HI YL CP · 10-20 YR TRS ETF · CORE S&P SCP ETF · TIPS BD ETF · US INFRASTRUC · U.S. ENERGY ETF · CONV BD ETF · MSCI KLD400 SOC77.95%$134M1.75M
2ISHARES INCMSCI EMERG MRKT4.47%$8M151.5K
3BRK/BBERKSHIRE HATHAWAY INC DELhistory →CL B NEW1.26%$2M7.5K
4ISHARES U S ETF TRGSCI CMDTY STGY0.93%$2M41.7K
5GOOGALPHABET INCCAP STK CL C0.69%$1M12.8K
6ORCLORACLE CORPCOM0.44%$759,00010.1K
7JPMJPMORGAN CHASE & COCOM0.41%$706,0005.7K
8AAPLAPPLE INCCOM0.40%$695,0004.8K
94I1PHILIP MORRIS INTL INCCOM0.31%$526,0005.9K
10VANGUARD INDEX FDSTOTAL STK MKT0.30%$523,0002.7K
11ENBENBRIDGE INCCOM0.27%$468,00012.0K
12ABGAMERISOURCEBERGEN CORPCOM0.27%$466,0003.0K
13SCHWSCHWAB CHARLES CORPCOM0.27%$458,0005.9K

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 ↗.