SEC 13F Intelligence

Managers / Q3 2024 · view latest →

Keystone Financial Services

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

Reported Value
$258M
Q3 2024
Positions
216
Filings on Record
18
2019–present window
Filed
Nov 5, 2024
original filing

Summary

Keystone Financial Services reported $258M in U.S.-listed holdings across 216 positions for Q3 2024.

The portfolio is heavily concentrated: IVV alone accounts for 70.1% of reported value.

Compared with Q2 2024, the fund opened 13 new positions and exited 3.

Portfolio Metrics

Turnover
+5.1%
vs prior filed quarter
Top-10 Concentration
+87.9%
share of reported value
Largest Position
+70.1%
Ishares Tr
New / Exited
13 / 3
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, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. 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: 84.1%Common Stock: 14.7%ADR: 0.7%Other: 0.3%REIT: 0.2%
  • ETP · 84.1% · $217M
  • Common Stock · 14.7% · $38M
  • ADR · 0.7% · $2M
  • Other · 0.3% · $748,463
  • REIT · 0.2% · $643,758

Quarter-over-Quarter Changes full breakdown →

vs Q2 2024 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
AHRAMERICAN HEALTHCARE REIT INCNEW+18.9K18.9K+$493,029$493,029
WMGWARNER MUSIC GROUP CORPNEW+9.9K9.9K+$309,995$309,995
YUMCYUM CHINA HLDGS INCNEW+6.2K6.2K+$278,809$278,809
AVGOBROADCOM INCNEW+1.5K1.5K+$265,650$265,650
IQVIQVIA HLDGS INCNEW+1.0K1.0K+$238,155$238,155
CEGCONSTELLATION ENERGY CORPNEW+898898+$233,498$233,498
NFGNATIONAL FUEL GAS CONEW+3.8K3.8K+$231,349$231,349
ARISTA NETWORKS INCNEW+568568+$218,087$218,087

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

Holdings — Q3 2024

72 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1IVVISHARES TRCORE S&P500 ETF · CORE TOTAL USD · S&P 500 GRWT ETF · MSCI USA QLT FCT · EAFE VALUE ETF · EAFE GRWTH ETF · S&P 500 VAL ETF · MBS ETF · U.S. TECH ETF · 20 YR TR BD ETF · US INFRASTRUC · ESG MSCI USA ETF · MSCI KLD400 SOC · JPMORGAN USD EMG · ESG AWR MSCI USA · ESG AWRE USD ETF · ESG EAFE ETF · INVESTMENT GRADE · US TREAS BD ETF · CONV BD ETF70.15%$181M1.80M
2DYNFBLACKROCK ETF TRUSTUS EQT FACTOR · US CARBON TRANS7.01%$18M360.6K
3EMXCISHARES INCMSCI EMRG CHN · CORE MSCI EMKT · ESG AWR MSCI EM4.51%$12M197.6K
4BRK/BBERKSHIRE HATHAWAY INC DELhistory →CL B NEW1.30%$3M7.3K
5BINCBLACKROCK ETF TRUST IIhistory →FLEXIBLE INCOME1.14%$3M54.8K
6METAMETA PLATFORMS INCCL A0.84%$2M3.8K
7GOOGALPHABET INCCAP STK CL C · CAP STK CL A0.84%$2M13.0K
8ORCLORACLE CORPCOM0.78%$2M11.8K
9JPMJPMORGAN CHASE & CO.COM0.69%$2M8.4K
10BKNGBOOKING HOLDINGS INCCOM0.65%$2M395
11VBVANGUARD INDEX FDSSMALL CP ETF · TOTAL STK MKT0.53%$1M5.2K
12PMPHILIP MORRIS INTL INCCOM0.49%$1M10.4K
13SCHWSCHWAB CHARLES CORPCOM0.46%$1M18.4K
14MSFTMICROSOFT CORPCOM0.45%$1M2.7K
15WFCWELLS FARGO CO NEWCOM0.42%$1M19.3K
16CMCSACOMCAST CORP NEWCL A0.41%$1M25.1K
17EBAYEBAY INC.COM0.38%$992,70815.2K
18KMXCARMAX INCCOM0.36%$920,11111.9K
19AAPLAPPLE INCCOM0.35%$908,8013.9K
20VVISA INCCOM CL A0.33%$850,2463.1K
21ADIANALOG DEVICES INCCOM0.32%$835,8813.6K
22NVSNOVARTIS AGSPONSORED ADR0.32%$820,8717.1K
23BNYBANK NEW YORK MELLON CORPCOM0.31%$801,99911.2K
24SNYSANOFISPONSORED ADR0.30%$784,08213.6K
25UNILEVER PLCSPON ADR NEW0.29%$748,46311.5K
26ELVELEVANCE HEALTH INCCOM0.28%$729,7661.4K
27BDXBECTON DICKINSON & COCOM0.28%$722,4873.0K
28XLKSELECT SECTOR SPDR TRTECHNOLOGY · SBI HEALTHCARE0.27%$700,6693.6K
29GDGENERAL DYNAMICS CORPCOM0.27%$696,4492.3K
30EXMOCEXXON MOBIL CORPCOM0.26%$680,8005.8K
31MCKMCKESSON CORPCOM0.26%$667,6851.4K
32QQQINVESCO QQQ TRUNIT SER 10.24%$622,7831.3K
33SPYSPDR S&P 500 ETF TRTR UNIT0.23%$595,5411.0K
34MDTMEDTRONIC PLCSHS0.21%$552,4246.1K
35COPCONOCOPHILLIPSCOM0.19%$495,6104.7K
36AHRAMERICAN HEALTHCARE REIT INCCOM SHS0.19%$493,02918.9K
37RTXRTX CORPORATIONCOM0.17%$436,0263.6K
38BACBANK AMERICA CORPCOM0.17%$435,38611.0K
39ZBRAZEBRA TECHNOLOGIES CORPORATICL A0.17%$434,3851.2K
40OMCOMNICOM GROUP INCCOM0.16%$418,2824.0K
41QCOMQUALCOMM INCCOM0.14%$366,1182.2K
42FISVFISERV INCCOM0.14%$363,4322.0K
43INGRINGREDION INCCOM0.14%$349,2102.5K
44ALLEALLEGION PLCORD SHS0.12%$315,5272.2K
45ENBENBRIDGE INCCOM0.12%$311,1947.7K
46WMGWARNER MUSIC GROUP CORPCOM CL A0.12%$309,9959.9K
47AMZNAMAZON COM INCCOM0.12%$297,3831.6K
48INTCINTEL CORPCOM0.11%$285,79012.2K
49CITHE CIGNA GROUPCOM0.11%$283,041817
50YUMCYUM CHINA HLDGS INCCOM0.11%$278,8096.2K
51AVGOBROADCOM INCCOM0.10%$265,6501.5K
52BRBROADRIDGE FINL SOLUTIONS INCOM0.10%$263,6271.2K
53CVXCHEVRON CORP NEWCOM0.10%$246,3741.7K
54TSMTAIWAN SEMICONDUCTOR MFG LTDSPONSORED ADS0.09%$243,6591.4K
55LMTLOCKHEED MARTIN CORPCOM0.09%$241,221413
56IQVIQVIA HLDGS INCCOM0.09%$238,1551.0K
57CEGCONSTELLATION ENERGY CORPCOM0.09%$233,498898
58NFGNATIONAL FUEL GAS COCOM0.09%$231,3493.8K
59WHWYNDHAM HOTELS & RESORTS INCCOM0.09%$229,0292.9K
60ARISTA NETWORKS INCCOM0.08%$218,087568
61NTRSNORTHERN TR CORPCOM0.08%$217,1522.4K
62CBSHCOMMERCE BANCSHARES INCCOM0.08%$215,3843.6K
63CHARLES RIV LABS INTL INCCOM0.08%$210,5611.1K
64PODDINSULET CORPCOM0.08%$209,940902
65TROWPRICE T ROWE GROUP INCCOM0.08%$205,3551.9K
66NTAPNETAPP INCCOM0.08%$204,0391.7K
67DDOGDATADOG INCCL A COM0.08%$202,6211.8K
68VRSNVERISIGN INCCOM0.08%$200,7881.1K
69PKPARK HOTELS & RESORTS INCCOM0.06%$150,72910.7K
70HANESBRANDS INCCOM0.05%$123,87716.9K
71WBDWARNER BROS DISCOVERY INCCOM SER A0.05%$119,93114.5K
72SOFISOFI TECHNOLOGIES INCCOM0.04%$99,20912.6K

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 ↗.