Keystone Financial Services
Registered adviserCIK
1865158
Location
LOVELAND, CO
Portfolio Value
Small
$388,429,550
Diversification
Highly concentrated
Filing Date
Global Rank
#4,507
/ 8,827
▲ 164
Top Industry
Internet Content & Information
10.3%
Period ended 4 months ago
Filed Aug 6, 2026 · 3mo
19 quarters · since Dec 2021
Regulatory profile
From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.
Holder type
Registered adviser
Form ADV roster, Nov 1, 2026
Regulatory AUM
$379,246,547
Main clients
Individuals and high net worth
(100% of AUM)
Form ADV history
Monthly rosters from Dec 2019; each row is a run with the same figures, newest first.
| Rosters | Regulatory AUM | Main clients |
|---|---|---|
| Apr 2026 to Nov 2026 | $379,246,547 | Individuals and high net worth (100%) |
| Apr 2025 to Mar 2026 | $305,679,394 | Individuals and high net worth (100%) |
| Apr 2024 to Mar 2025 | $249,467,629 | Individuals and high net worth (100%) |
| May 2023 to Mar 2024 | $207,885,178 | Individuals and high net worth (100%) |
| Mar 2023 to Apr 2023 | $207,885,178 | Individuals and high net worth (100%) |
| Mar 2022 to Feb 2023 | $218,646,355 | Individuals and high net worth (100%) |
2 earlier changes not shown.
Portfolio style
Measured from the filed 13F common-share book for Jun 30, 2026, never from the firm's own description.
Style
Concentrated
The top 10 positions are 86.4% of the book (60%+)
Turnover
Medium turnover
41.9% over the last four quarters (30% to under 100%)
Horizon
Long horizon
Value-weighted holding period 12.9 quarters (12+)
Closest benchmark: every 13F filer's combined book, active share 82.8%; sector active share 70.7% against the combined 13F book's sector weights.
Over time 19 measured quarters
How the bands are measured
Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.
Clone Performance
Build a hypothetical price-return history from this filer's public 13F holdings.
View clone backtestPortfolio Concentration
131 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026Top Position
58.9%
−1.7 pts
Top 5
83.2%
+1.2 pts
Top 10
86.4%
+1.1 pts
HHI
3,918
Highly concentrated−96
Portfolio Trend
19 quarters · across all stocks
Sector Breakdown
As of Jun 30, 2026| Sector | % Portfolio | Value |
|---|---|---|
| Unclassified | 83.6% | $324,643,318 |
| Financial Services | 3.9% | $15,232,441 |
| Technology | 3.8% | $14,886,057 |
| Communication Services | 2.3% | $8,948,518 |
| Healthcare | 1.6% | $6,247,289 |
| Consumer Cyclical | 1.4% | $5,608,580 |
| Industrials | 1.3% | $5,137,270 |
| Consumer Defensive | 0.9% | $3,604,316 |
| Energy | 0.7% | $2,794,737 |
| Basic Materials | 0.2% | $587,418 |
| Real Estate | 0.1% | $468,810 |
| Utilities | 0.1% | $270,796 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased
25 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| IUSB | iShares Core Universal USD Bond ETF | +147,600 | 640,210 | $29,545,690 | |
| IDEF | +49,649 | 284,897 | $9,054,026 | ||
| IVV | iShares Core S&P 500 ETF | +36,296 | 91,907 | $68,828,232 | |
| GOVT | iShares U.S. Treasury Bond ETF | +21,654 | 316,119 | $7,201,190 | |
| BLCR | +20,547 | 202,072 | $10,178,366 | ||
| BKNG | Booking Holdings Inc. | +12,311 | 12,793 | $2,280,222 | |
| MBB | iShares MBS ETF | +3,924 | 73,126 | $6,911,869 | |
| IAU | Ishares Gold Trust | +3,232 | 28,905 | $2,182,616 | |
| EFG | iShares MSCI EAFE Growth ETF | +2,897 | 108,877 | $13,546,476 | |
| DYNF | iShares U.S. Equity Factor Rotation Active ETF | +2,436 | 381,483 | $25,944,658 | |
| BDX | Becton Dickinson & Co | +2,203 | 8,902 | $1,347,139 | |
| MDT | Medtronic plc | +2,155 | 11,949 | $934,770 | |
| AVGO | Broadcom Inc. | +1,418 | 6,413 | $2,422,510 | |
| EVUS | iShares ESG Aware MSCI USA Value ETF | +1,283 | 11,932 | $418,932 | |
| LCTU | +958 | 16,608 | $1,331,297 | ||
| FTCB | First Trust Core Investment Grade ETF | +929 | 10,914 | $227,610 | |
| MUB | iShares National Muni Bond ETF | +902 | 13,128 | $1,412,835 | |
| CMCSA | Comcast Corp | +751 | 37,470 | $919,887 | |
| ACN | Accenture plc | +663 | 2,969 | $369,461 | |
| AMZN | Amazon Com Inc | +578 | 8,286 | $1,974,884 | |
| ESGU | iShares ESG Aware MSCI USA ETF | +454 | 8,281 | $1,355,351 | |
| USXF | iShares ESG Advanced MSCI USA ETF | +441 | 10,177 | $706,792 | |
| DMXF | iShares ESG Advanced MSCI EAFE ETF | +408 | 4,255 | $359,973 | |
| DSI | iShares ESG MSCI KLD 400 ETF | +405 | 6,355 | $904,887 | |
| TLT | iShares 20+ Year Treasury Bond ETF | +397 | 5,979 | $516,704 | |
| No positions match the current search. | |||||
Trimmed
Positions the filer reduced
25 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| EFV | iShares MSCI EAFE Value ETF | −132,009 | 115,581 | $8,847,725 | |
| IAGG | iShares Core International Aggregate Bond ETF | −103,014 | 8,421 | $426,102 | |
| THRO | −99,590 | 178,833 | $7,709,490 | ||
| IEMG | iShares Trust | −89,231 | 188,291 | $15,598,026 | |
| BAI | BlackRock ETF Trust | −61,651 | 248,027 | $13,075,982 | |
| QUAL | iShares MSCI USA Quality Factor ETF | −51,102 | 7,419 | $1,627,951 | |
| BINC | −37,412 | 15,842 | $829,170 | ||
| IVE | iShares S&P 500 Value ETF | −22,237 | 100,629 | $22,848,820 | |
| TLH | iShares 10-20 Year Treasury Bond ETF | −19,521 | 70,324 | $7,057,012 | |
| MTUM | iShares MSCI USA Momentum Factor ETF | −11,223 | 32,221 | $11,046,325 | |
| KMX | Carmax Inc | −8,081 | 4,244 | $224,464 | |
| IVW | iShares S&P 500 Growth ETF | −5,986 | 195,692 | $26,913,520 | |
| SUSC | iShares ESG Aware USD Corporate Bond ETF | −3,588 | 23,977 | $555,090 | |
| PM | Philip Morris International Inc. | −1,517 | 11,488 | $2,078,293 | |
| ESGE | iShares Trust | −1,485 | 8,577 | $469,076 | |
| GOOG | Alphabet Inc. | −984 | 9,839 | $3,476,412 | |
| AMAT | Applied Materials Inc | −731 | 3,957 | $2,860,911 | |
| APH | Amphenol Corp | −511 | 1,939 | $341,883 | |
| VOO | VANGUARD 500 INDEX FUND | −504 | 432 | $296,701 | |
| VTI | VANGUARD TOTAL STOCK MARKET INDEX FUND | −425 | 1,833 | $678,281 | |
| GLW | Corning Inc | −324 | 1,738 | $443,936 | |
| C | Citigroup Inc | −300 | 2,011 | $281,459 | |
| SPY | Spdr S&P 500 ETF Trust | −280 | 961 | $717,645 | |
| QCOM | Qualcomm Inc | −246 | 1,847 | $341,306 | |
| DFAC | Dimensional U.S. Core Equity 2 ETF | −225 | 19,745 | $875,888 | |
| No positions match the current search. | |||||
New Positions
Positions the filer opened this quarter
20 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| CORO | 239,879 | $8,779,571 | ||
| IALT | 189,907 | $5,326,890 | ||
| GGOV | 82,178 | $4,132,731 | ||
| ICE | Intercontinental Exchange, Inc. | 5,532 | $681,043 | |
| EAGG | iShares ESG Aware U.S. Aggregate Bond ETF | 9,547 | $452,622 | |
| SNDK | Sandisk Corp | 176 | $400,175 | |
| TMO | Thermo Fisher Scientific Inc. | 749 | $375,517 | |
| STIP | iShares 0-5 Year TIPS Bond ETF | 3,117 | $318,432 | |
| EXPD | Expeditors International Of Washington Inc | 1,775 | $289,289 | |
| ARW | Arrow Electronics, Inc. | 1,234 | $263,347 | |
| LFUS | Littelfuse Inc | 566 | $257,715 | |
| WPC | W. P. Carey Inc. | 3,477 | $248,605 | |
| NVT | nVent Electric plc | 1,347 | $228,464 | |
| EPR | Epr Properties | 3,796 | $220,205 | |
| CHRW | C. H. Robinson Worldwide, Inc. | 1,166 | $219,603 | |
| EWBC | East West Bancorp Inc | 1,682 | $217,128 | |
| WWD | Woodward, Inc. | 509 | $216,548 | |
| APP | AppLovin Corp | 400 | $206,091 | |
| CI | Cigna Group | 739 | $203,726 | |
| DCOR | Dimensional ETF Trust | 2,460 | $201,670 | |
| No positions match the current search. | ||||
Sold Out
Positions the filer fully exited
8 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| SNY | Sanofi | 15,866 | $764,423 | |
| COR | Cencora, Inc. | 1,082 | $339,898 | |
| ESGD | iShares ESG Aware MSCI EAFE ETF | 2,620 | $250,524 | |
| ICVT | iShares Convertible Bond ETF | 2,383 | $242,564 | |
| HSY | Hershey Co | 1,115 | $231,796 | |
| SNDA | Sonida Senior Living, Inc. | 6,648 | $214,398 | |
| IBIT | iShares Bitcoin Trust ETF | 5,284 | $203,011 | |
| SOFI | SoFi Technologies, Inc. | 10,176 | $161,594 | |
| No positions match the current search. | ||||
131 tracked positions ·
$388,429,550 total
· filing declares
283 positions · $388,430,125
· as of Jun 30, 2026
All sectors
Basic Materials
Communication Services
Consumer Cyclical
Consumer Defensive
Energy
Financial Services
Healthcare
Industrials
Real Estate
Technology
Utilities
Showing 1–50
of 131 positions by value
· page 1 of 3
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| IVV |
iShares Core S&P 500 ETF
|
Added | 91,907 | $68,828,232 | 17.72% | |
| IUSB |
iShares Core Universal USD Bond ETF
|
Added | 640,210 | $29,545,690 | 7.61% | |
| IVW |
iShares S&P 500 Growth ETF
|
Reduced | 195,692 | $26,913,520 | 6.93% | |
| DYNF |
iShares U.S. Equity Factor Rotation Active ETF
|
Added | 381,483 | $25,944,658 | 6.68% | |
| IVE |
iShares S&P 500 Value ETF
|
Reduced | 100,629 | $22,848,820 | 5.88% | |
| IEMG |
iShares Trust
|
Reduced | 188,291 | $15,598,026 | 4.02% | |
| EFG |
iShares MSCI EAFE Growth ETF
|
Added | 108,877 | $13,546,476 | 3.49% | |
| BAI |
BlackRock ETF Trust
|
Reduced | 248,027 | $13,075,982 | 3.37% | |
| MTUM |
iShares MSCI USA Momentum Factor ETF
|
Reduced | 32,221 | $11,046,325 | 2.84% | |
| BLCR |
|
Added | 202,072 | $10,178,366 | 2.62% | |
| IDEF |
|
Added | 284,897 | $9,054,026 | 2.33% | |
| EFV |
iShares MSCI EAFE Value ETF
|
Reduced | 115,581 | $8,847,725 | 2.28% | |
| CORO |
|
NEW | 239,879 | $8,779,571 | 2.26% | |
| THRO |
|
Reduced | 178,833 | $7,709,490 | 1.98% | |
| GOVT |
iShares U.S. Treasury Bond ETF
|
Added | 316,119 | $7,201,190 | 1.85% | |
| TLH |
iShares 10-20 Year Treasury Bond ETF
|
Reduced | 70,324 | $7,057,012 | 1.82% | |
| MBB |
iShares MBS ETF
|
Added | 73,126 | $6,911,869 | 1.78% | |
| IALT |
|
NEW | 189,907 | $5,326,890 | 1.37% | |
| GGOV |
|
NEW | 82,178 | $4,132,731 | 1.06% | |
| GOOG |
Alphabet Inc.
Communication Services
|
Reduced | 9,839 | $3,476,412 | 0.89% | |
| BRK-B |
Berkshire Hathaway Inc
Financial Services
|
Added | 6,587 | $3,296,067 | 0.85% | |
| JPM |
Jpmorgan Chase & Co
Financial Services
|
Added | 8,929 | $2,922,728 | 0.75% | |
| AMAT |
Applied Materials Inc
Technology
|
Reduced | 3,957 | $2,860,911 | 0.74% | |
| AVGO |
Broadcom Inc.
Technology
|
Added | 6,413 | $2,422,510 | 0.62% | |
| BKNG |
Booking Holdings Inc.
Consumer Cyclical
|
Added | 12,793 | $2,280,222 | 0.59% | |
| IAU |
Ishares Gold Trust
|
Added | 28,905 | $2,182,616 | 0.56% | |
| PM |
Philip Morris International Inc.
Consumer Defensive
|
Reduced | 11,488 | $2,078,293 | 0.54% | |
| META |
Meta Platforms, Inc.
Communication Services
|
Added | 3,618 | $2,037,981 | 0.52% | |
| SCHW |
Schwab Charles Corp
Financial Services
|
Added | 22,065 | $2,035,936 | 0.52% | |
| AMZN |
Amazon Com Inc
Consumer Cyclical
|
Added | 8,286 | $1,974,884 | 0.51% | |
| MSFT |
Microsoft Corp
Technology
|
Added | 5,198 | $1,938,956 | 0.50% | |
| QUAL |
iShares MSCI USA Quality Factor ETF
|
Reduced | 7,419 | $1,627,951 | 0.42% | |
| BNY |
Bank of New York Mellon Corp
Financial Services
|
Added | 10,462 | $1,512,908 | 0.39% | |
| WFC |
Wells Fargo & Company
Financial Services
|
Added | 18,117 | $1,497,187 | 0.39% | |
| ADI |
Analog Devices Inc
Technology
|
Added | 3,724 | $1,479,059 | 0.38% | |
| AAPL |
Apple Inc.
Technology
|
Added | 5,094 | $1,473,999 | 0.38% | |
| MUB |
iShares National Muni Bond ETF
|
Added | 13,128 | $1,412,835 | 0.36% | |
| ESGU |
iShares ESG Aware MSCI USA ETF
|
Added | 8,281 | $1,355,351 | 0.35% | |
| BDX |
Becton Dickinson & Co
Healthcare
|
Added | 8,902 | $1,347,139 | 0.35% | |
| LCTU |
|
Added | 16,608 | $1,331,297 | 0.34% | |
| GD |
General Dynamics Corp
Industrials
|
Added | 3,467 | $1,228,149 | 0.32% | |
| COP |
Conocophillips
Energy
|
Added | 11,274 | $1,172,043 | 0.30% | |
| MCK |
Mckesson Corp
Healthcare
|
Reduced | 1,540 | $1,163,622 | 0.30% | |
| V |
Visa Inc.
Financial Services
|
Added | 3,334 | $1,143,861 | 0.29% | |
| NVS |
Novartis AG
Healthcare
|
Added | 7,155 | $1,121,330 | 0.29% | |
| GOOGL |
Alphabet Inc.
Communication Services
|
Reduced | 3,040 | $1,086,404 | 0.28% | |
| XOM |
ExxonMobil Holdings Corp
Energy
|
Added | 7,316 | $1,000,242 | 0.26% | |
| UL |
Unilever PLC
Consumer Defensive
|
Added | 16,254 | $977,189 | 0.25% | |
| MDT |
Medtronic plc
Healthcare
|
Added | 11,949 | $934,770 | 0.24% | |
| CMCSA |
Comcast Corp
Communication Services
|
Added | 37,470 | $919,887 | 0.24% |
Showing the top 50 of 131 positions. Create a free account to see every position, past quarters, search, filters and CSV export.
Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.