SEC 13F Intelligence

Managers / Q2 2023 · view latest →

Keystone Financial Services

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

Reported Value
$196M
Q2 2023
Positions
173
Filings on Record
18
2019–present window
Filed
Aug 2, 2023
original filing

Summary

Keystone Financial Services reported $196M in U.S.-listed holdings across 173 positions for Q2 2023.

Its largest position, Ishares Tr, represents 12.9% of the portfolio.

Compared with Q1 2023, the fund opened 0 new positions and exited 6.

Portfolio Metrics

Turnover
+0.8%
vs prior filed quarter
Top-10 Concentration
+57.4%
share of reported value
Largest Position
+12.9%
Ishares Tr

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: 87.2%Common Stock: 11.9%ADR: 0.6%Other: 0.4%
  • ETP · 87.2% · $171M
  • Common Stock · 11.9% · $23M
  • ADR · 0.6% · $1M
  • Other · 0.4% · $792,476

Quarter-over-Quarter Changes full breakdown →

vs Q1 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
DLTRDOLLAR TREE INCSOLD OUT−1.5K0−$220,636$0
GQ9SPDR GOLD TRSOLD OUT−1.2K0−$214,550$0
DBCINVESCO DB COMMDY INDX TRCKSOLD OUT−8.9K0−$212,378$0
FANGDIAMONDBACK ENERGY INCSOLD OUT−1.5K0−$204,512$0
AGNCAGNC INVT CORPSOLD OUT−10.4K0−$105,100$0
LIGHTNING EMOTORS INCSOLD OUT−51.2K0−$14,662$0
AAPLAPPLE INCTRIMMED−1.3K3.5K−$121,266$670,748
QCOMQUALCOMM INCADDED+4032.0K+$34,335$238,080

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

Holdings — Q2 2023

19 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1TLHISHARES TRCORE S&P500 ETF · CORE TOTAL USD · MSCI USA QLT FCT · EAFE GRWTH ETF · ESG AWR MSCI USA · EAFE VALUE ETF · U.S. TECH ETF · MBS ETF · US TREAS BD ETF · MSCI USA MIN VOL · 10-20 YR TRS ETF · US INFRASTRUC · TIPS BD ETF · MSCI KLD400 SOC · ESG MSCI USA ETF78.77%$154M1.81M
2ISHARES INCCORE MSCI EMKT4.46%$9M177.2K
3BRK/BBERKSHIRE HATHAWAY INC DELhistory →CL B NEW1.34%$3M7.7K
4GOOGALPHABET INCCAP STK CL C0.80%$2M12.9K
5METAMETA PLATFORMS INCCL A0.68%$1M4.6K
6ORCLORACLE CORPCOM0.65%$1M10.6K
7VANGUARD INDEX FDSTOTAL STK MKT · SMALL CP ETF0.56%$1M5.2K
8JPMJPMORGAN CHASE & COCOM0.43%$843,0435.8K
9AAPLAPPLE INCCOM0.34%$670,7483.5K
10MSFTMICROSOFT CORPCOM0.32%$633,8231.9K
11ABGAMERISOURCEBERGEN CORPCOM0.32%$618,1833.2K
124I1PHILIP MORRIS INTL INCCOM0.31%$604,7506.2K
13CMCSACOMCAST CORP NEWCL A0.28%$542,56013.1K
14NVSNNOVARTIS AGSPONSORED ADR0.27%$529,2295.2K
15ADIANALOG DEVICES INCCOM0.27%$522,1202.7K
16LCTUUSDBLACKROCK ETF TRUSTUS CARBON TRANS0.26%$506,12610.4K
17VVISA INCCOM CL A0.25%$489,2642.1K
18BKNGBOOKING HOLDINGS INCCOM0.24%$475,258176
19BDXBECTON DICKINSON & COCOM0.23%$446,3301.7K

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 ↗.