SEC 13F Intelligence

Managers / Q4 2023 · view latest →

Keystone Financial Services

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

Reported Value
$212M
Q4 2023
Positions
190
Filings on Record
18
2019–present window
Filed
Jan 29, 2024
original filing

Summary

Keystone Financial Services reported $212M in U.S.-listed holdings across 190 positions for Q4 2023.

Its largest position, Ishares Tr, represents 16.2% of the portfolio.

Compared with Q3 2023, the fund opened 11 new positions and exited 1.

Portfolio Metrics

Turnover
+6.3%
vs prior filed quarter
Top-10 Concentration
+56.7%
share of reported value
Largest Position
+16.2%
Ishares Tr
New / Exited
11 / 1
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: 86.8%Common Stock: 12.3%ADR: 0.6%Other: 0.3%
  • ETP · 86.8% · $184M
  • Common Stock · 12.3% · $26M
  • ADR · 0.6% · $1M
  • Other · 0.3% · $696,107

Quarter-over-Quarter Changes full breakdown →

vs Q3 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
ISHARES TRNEW+23.8K23.8K+$5M$5M
ISHARES INCNEW+42.9K42.9K+$2M$2M
ISHARES TRNEW+40.4K40.4K+$2M$2M
INTCINTEL CORPNEW+11.7K11.7K+$586,166$586,166
RTXRTX CORPORATIONNEW+2.6K2.6K+$222,546$222,546
ALLEGION PLCNEW+1.7K1.7K+$217,400$217,400
FICOFAIR ISAAC CORPNEW+182182+$211,850$211,850
ESABESAB CORPORATIONNEW+2.4K2.4K+$210,457$210,457

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

Holdings — Q4 2023

12 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1ISHARES TRCORE S&P500 ETF · CORE TOTAL USD · MSCI USA QLT FCT · EAFE VALUE ETF · ESG AWR MSCI USA · EAFE GRWTH ETF · MBS ETF · U.S. TECH ETF · TRS FLT RT BD · S&P 100 ETF · 20 YR TR BD ETF · S&P 500 GRWT ETF · IBOXX INV CP ETF · MSCI USA MIN VOL · US INFRASTRUC · TIPS BD ETF · GLOBAL ENERG ETF · MSCI KLD400 SOC79.28%$168M1.52M
2ISHARES INCCORE MSCI EMKT · MSCI EMRG CHN3.64%$8M148.2K
3BRK/BBERKSHIRE HATHAWAY INC DELhistory →CL B NEW1.32%$3M7.8K
4METAMETA PLATFORMS INCCL A0.75%$2M4.5K
5GOOGALPHABET INCCAP STK CL C0.54%$1M8.1K
6JPMJPMORGAN CHASE & COCOM0.47%$992,4895.8K
7ORCLORACLE CORPCOM0.44%$934,9348.9K
8LCTUUSDBLACKROCK ETF TRUSTUS CARBON TRANS0.44%$922,12417.6K
9AAPLAPPLE INCCOM0.35%$743,2493.9K
10MSFTMICROSOFT CORPCOM0.34%$718,4331.9K
114I1PHILIP MORRIS INTL INCCOM0.33%$702,9287.5K
12SCHWSCHWAB CHARLES CORPCOM0.32%$671,1839.8K

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 ↗.