SEC 13F Intelligence

Managers / Q1 2025 · view latest →

Keystone Financial Services

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

Reported Value
$262M
Q1 2025
Positions
216
Filings on Record
18
2019–present window
Filed
Apr 23, 2025
original filing

Summary

Keystone Financial Services reported $262M in U.S.-listed holdings across 216 positions for Q1 2025.

Its largest position, Ishares Tr, represents 9.2% of the portfolio.

Compared with Q4 2024, the fund opened 10 new positions and exited 12.

Portfolio Metrics

Turnover
+13.6%
vs prior filed quarter
Top-10 Concentration
+47.9%
share of reported value
Largest Position
+9.2%
Ishares Tr
New / Exited
10 / 12
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: 84.5%Common Stock: 14.0%ADR: 0.8%Other: 0.6%REIT: 0.0%
  • ETP · 84.5% · $222M
  • Common Stock · 14.0% · $37M
  • ADR · 0.8% · $2M
  • Other · 0.6% · $2M
  • REIT · 0.0% · $108,840

Quarter-over-Quarter Changes full breakdown →

vs Q4 2024 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
ISHARES TRNEW+19.1K19.1K+$5M$5M
TLHISHARES TRNEW+44.0K44.0K+$5M$5M
IAU*ISHARES GOLD TRNEW+58.5K58.5K+$3M$3M
ISHARES TRNEW+77.1K77.1K+$3M$3M
ISHARES TRNEW+11.3K11.3K+$1M$1M
ISHARES TRNEW+6.3K6.3K+$300,548$300,548
SPDR INDEX SHS FDSNEW+7.4K7.4K+$270,267$270,267
DIMENSIONAL ETF TRUSTNEW+3.6K3.6K+$219,439$219,439

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

Holdings — Q1 2025

18 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1TLHISHARES TRCORE S&P500 ETF · CORE TOTAL USD · MSCI USA QLT FCT · S&P 500 GRWT ETF · S&P 500 VAL ETF · EAFE VALUE ETF · EAFE GRWTH ETF · U.S. TECH ETF · MBS ETF · MSCI USA MMENTM · S&P 100 ETF · 10-20 YR TRS ETF · HDG MSCI EAFE · NATIONAL MUN ETF65.69%$172M1.60M
2BLACKROCK ETF TRUSTISHARES US EQUIT6.51%$17M350.2K
3ISHARES INCMSCI EMRG CHN · CORE MSCI EMKT4.59%$12M221.0K
4IAU*ISHARES GOLD TRhistory →ISHARES NEW1.32%$3M58.5K
5BRK/BBERKSHIRE HATHAWAY INC DELhistory →CL B NEW1.18%$3M5.8K
6BLACKROCK ETF TRUST IIISHARES FLEXIBLE1.15%$3M57.6K
7JPMJPMORGAN CHASE & CO.COM0.63%$2M6.7K
84I1PHILIP MORRIS INTL INCCOM0.60%$2M9.8K
9METAMETA PLATFORMS INCCL A0.59%$2M2.7K
10ORCLORACLE CORPCOM0.58%$2M10.9K
11BKNGBOOKING HOLDINGS INCCOM0.41%$1M234
12SCHWSCHWAB CHARLES CORPCOM0.41%$1M13.6K
13GOOGALPHABET INCCAP STK CL C0.40%$1M6.8K
14VVISA INCCOM CL A0.38%$995,1542.8K
15DFACDIMENSIONAL ETF TRUSTUS CORE EQUITY 20.37%$962,52729.2K
16MSFTMICROSOFT CORPCOM0.36%$936,2082.5K
17WFCWELLS FARGO CO NEWCOM0.35%$924,71612.9K
18AAPLAPPLE INCCOM0.33%$866,4033.9K

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 ↗.