Keystone Financial Services
Long book
$340.7M
Q1 2026
Positions
119
Top-10 weight
59%
concentration
Last quarter
+12.4%
SPY +14.8%
Turnover
26%
of book per quarter
Strategy in plain words
auto-generated from filingsKeystone Financial Services is a wealth-management firm allocating client money, running a $340.7M US long book across 119 positions.
The portfolio is concentrated: the top 10 names carry 59% of the portfolio. The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: ISHARES CORE S&P 500 ETF, ISHARES S&P 500 VALUE ETF, ISHARES S&P 500 GROWTH ETF, ISHR CR UNVRSE USD BD ETF-UI, ISHRS US E F R A ETF-USD INC.
Over the last 9 quarters its long book ran on average 0.4pp per quarter behind the S&P 500, beating the index in 2 of 9 quarters. Its holdings are mechanical (indexing / client flows), so position changes carry no stock-picking signal.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+2.9%
Q2 2024
+5.5%
Q3 2024
-0.2%
Q4 2024
-1.0%
Q1 2025
+9.6%
Q2 2025
+6.9%
Q3 2025
+2.6%
Q4 2025
-2.2%
Q1 2026
+12.4%
Sector allocation
Technology 29%
Financials 24%
Industrials 11%
Consumer discretionary 9%
Services media 7%
Energy 6%
Consumer staples 6%
Healthcare 5%
Long book by quarter
What does Keystone Financial own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 6.5K | $3.1M | 0.9% | +3.5% |
| GOOG ALPHABET INC-CL C | Technology | 10.8K | $3.1M | 0.9% | -0.2% |
| JPM JPMORGAN CHASE & CO | Financials | 8.8K | $2.6M | 0.8% | +0.4% |
| PM PHILIP MORRIS INTERNATIONAL | Consumer staples | 13.0K | $2.2M | 0.6% | +8.6% |
| SCHW SCHWAB (CHARLES) CORP | Financials | 21.7K | $2.0M | 0.6% | +7.5% |
| BKNG BOOKING HOLDINGS INC | Industrials | 482 | $2.0M | 0.6% | +33.5% |
| META META PLATFORMS INC-CLASS A | Technology | 3.5K | $2.0M | 0.6% | +6.0% |
| MSFT MICROSOFT CORP | Technology | 4.9K | $1.8M | 0.5% | +18.9% |
| AMZN AMAZON.COM INC | Consumer discretionary | 7.7K | $1.6M | 0.5% | +68.9% |
| AMAT APPLIED MATERIALS INC | Technology | 4.7K | $1.6M | 0.5% | -3.9% |
| AVGO BROADCOM INC | Technology | 5.0K | $1.5M | 0.5% | +8.7% |
| COP CONOCOPHILLIPS | Energy | 11.0K | $1.5M | 0.4% | +11.2% |
| WFC WELLS FARGO & CO | Financials | 17.7K | $1.4M | 0.4% | -5.3% |
| MCK MCKESSON CORP | Consumer discretionary | 1.6K | $1.4M | 0.4% | +7.5% |
| AAPL APPLE INC | Technology | 5.0K | $1.3M | 0.4% | +1.7% |
| BNY BANK OF NEW YORK MELLON CORP | Financials | 10.4K | $1.2M | 0.4% | -2.0% |
| XOM EXXON MOBIL CORP | Energy | 7.2K | $1.2M | 0.4% | +9.4% |
| ADI ANALOG DEVICES INC | Technology | 3.7K | $1.2M | 0.3% | -8.5% |
| GD GENERAL DYNAMICS CORP | Industrials | 3.4K | $1.2M | 0.3% | +10.3% |
| CMCSA COMCAST CORP-CLASS A | Communications | 36.7K | $1.1M | 0.3% | +12.9% |
| BDX BECTON DICKINSON AND CO | Healthcare | 6.7K | $1.1M | 0.3% | +25.0% |
| V VISA INC-CLASS A SHARES | Services media | 3.1K | $937K | 0.3% | +8.3% |
| GOOGL ALPHABET INC-CL A | Technology | 3.1K | $879K | 0.3% | +6.2% |
| MDT MEDTRONIC PLC | Healthcare | 9.8K | $849K | 0.2% | +11.0% |
| OMC OMNICOM GROUP | Services media | 9.4K | $705K | 0.2% | +23.2% |
| RTX RTX CORP | Industrials | 3.6K | $694K | 0.2% | 0.0% |
| FERG FERGUSON ENTERPRISES INC | Consumer discretionary | 2.6K | $616K | 0.2% | New |
| AMRZ AMRIZE LTD | Industrials | 10.8K | $606K | 0.2% | New |
| ELV ELEVANCE HEALTH INC | Financials | 2.0K | $595K | 0.2% | +24.5% |
| KMX CARMAX INC | Consumer discretionary | 12.3K | $512K | 0.2% | +6.7% |
| ORCL ORACLE CORP | Technology | 3.4K | $498K | 0.1% | -18.1% |
| AON AON PLC-CLASS A | Financials | 1.5K | $469K | 0.1% | New |
| ACN ACCENTURE PLC-CL A | Services media | 2.3K | $457K | 0.1% | New |
| PEP PEPSICO INC | Consumer staples | 2.4K | $378K | 0.1% | +9.0% |
| ENB ENBRIDGE INC | Energy | 6.5K | $349K | 0.1% | -8.9% |
| ALLE ALLEGION PLC | Services media | 2.4K | $347K | 0.1% | +0.2% |
| COR CENCORA INC | Consumer discretionary | 1.1K | $340K | 0.1% | +2.0% |
| MTZ MASTEC INC | Industrials | 1.0K | $332K | 0.1% | +3.2% |
| NTRS NORTHERN TRUST CORP | Financials | 2.2K | $310K | 0.1% | -8.6% |
| APH AMPHENOL CORP-CL A | Technology | 2.5K | $310K | 0.1% | -3.5% |
| YUMC YUM CHINA HOLDINGS INC | Consumer discretionary | 6.2K | $303K | 0.1% | +9.4% |
| FANG DIAMONDBACK ENERGY INC | Energy | 1.5K | $302K | 0.1% | +6.0% |
| GLW CORNING INC | Industrials | 2.1K | $280K | 0.1% | -34.6% |
| WBD WARNER BROS DISCOVERY INC | Communications | 9.9K | $272K | 0.1% | -19.6% |
| QCOM QUALCOMM INC | Technology | 2.1K | $270K | 0.1% | +11.3% |
| ANET ARISTA NETWORKS INC | Technology | 2.2K | $269K | 0.1% | -4.1% |
| EXPE EXPEDIA GROUP INC | Industrials | 1.2K | $267K | 0.1% | +56.7% |
| AMG AFFILIATED MANAGERS GROUP | Financials | 961 | $266K | 0.1% | +3.1% |
| HWM HOWMET AEROSPACE INC | Industrials | 1.2K | $266K | 0.1% | New |
| C CITIGROUP INC | Financials | 2.3K | $262K | 0.1% | -4.5% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 6, 2026 | 259 | $340.7M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 12, 2026 | 261 | $331.3M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 13, 2025 | 271 | $322.7M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 7, 2025 | 249 | $294.0M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 23, 2025 | 216 | $262.4M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 31, 2025 | 223 | $261.2M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 5, 2024 | 216 | $257.9M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 23, 2024 | 200 | $241.3M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Jun 13, 2024 | 199 | $229.2M | canonical | SEC ↗ |