SEC 13F Intelligence

Managers / Q2 2025 · view latest →

Keystone Financial Services

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

Reported Value
$294M
Q2 2025
Positions
249
Filings on Record
18
2019–present window
Filed
Aug 7, 2025
original filing

Summary

Keystone Financial Services reported $294M in U.S.-listed holdings across 249 positions for Q2 2025.

Its largest position, Ishares Tr, represents 5.7% of the portfolio.

Compared with Q1 2025, the fund opened 21 new positions and exited 5.

Portfolio Metrics

Turnover
+10.9%
vs prior filed quarter
Top-10 Concentration
+41.2%
share of reported value
Largest Position
+5.7%
Ishares Tr
New / Exited
21 / 5
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: 83.5%Common Stock: 14.9%ADR: 0.8%Other: 0.8%REIT: 0.1%
  • ETP · 83.5% · $245M
  • Common Stock · 14.9% · $44M
  • ADR · 0.8% · $2M
  • Other · 0.8% · $2M
  • REIT · 0.1% · $207,950

Quarter-over-Quarter Changes full breakdown →

vs Q1 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
BLACKROCK ETF TRUSTNEW+239.8K239.8K+$9M$9M
ISHARES TRNEW+88.0K88.0K+$4M$4M
BLACKROCK ETF TRUSTNEW+108.8K108.8K+$3M$3M
AMATAPPLIED MATLS INCNEW+4.9K4.9K+$889,537$889,537
ISHARES TRNEW+5.3K5.3K+$540,895$540,895
ABGCENCORA INCNEW+1.1K1.1K+$324,138$324,138
PEPPEPSICO INCNEW+2.1K2.1K+$273,702$273,702
APHAMPHENOL CORP NEWNEW+2.6K2.6K+$256,454$256,454

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

Holdings — Q2 2025

16 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1TLHISHARES TRCORE TOTAL USD · CORE S&P500 ETF · MSCI USA QLT FCT · EAFE VALUE ETF · S&P 500 GRWT ETF · S&P 500 VAL ETF · EAFE GRWTH ETF · S&P 100 ETF · 10-20 YR TRS ETF · U.S. TECH ETF · MSCI USA MMENTM · MBS ETF · CORE INTL AGGR · NATIONAL MUN ETF61.61%$181M1.74M
2BLACKROCK ETF TRUSTISHARES US EQUIT · ISHARES US THEMA · ISHARES A I INNO10.52%$31M702.0K
3ISHARES INCCORE MSCI EMKT4.55%$13M222.7K
4BLACKROCK ETF TRUST IIISHARES FLEXIBLE1.09%$3M60.5K
5IAU*ISHARES GOLD TRISHARES NEW0.91%$3M43.0K
6BRK/BBERKSHIRE HATHAWAY INC DELCL B NEW0.78%$2M4.7K
7JPMJPMORGAN CHASE & CO.COM0.68%$2M6.9K
84I1PHILIP MORRIS INTL INCCOM0.64%$2M10.3K
9METAMETA PLATFORMS INCCL A0.58%$2M2.3K
10ORCLORACLE CORPCOM0.50%$1M6.8K
11BKNGBOOKING HOLDINGS INCCOM0.50%$1M255
12MSFTMICROSOFT CORPCOM0.49%$1M2.9K
13SCHWSCHWAB CHARLES CORPCOM0.45%$1M14.5K
14GOOGALPHABET INCCAP STK CL C0.42%$1M7.0K
15AVGOBROADCOM INCCOM0.42%$1M4.5K
16WFCWELLS FARGO CO NEWCOM0.37%$1M13.4K

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 ↗.