WALTER & KEENAN WEALTH MANAGEMENT LLC /IN/ /ADV
Long book
$355.2M
Q1 2026
Positions
156
Top-10 weight
38%
concentration
Last quarter
+13.1%
SPY +14.8%
Turnover
8%
of book per quarter
Strategy in plain words
auto-generated from filingsWALTER & KEENAN WEALTH MANAGEMENT LLC /IN/ /ADV is an institutional manager, running a $355.2M US long book across 156 positions.
The portfolio is moderately concentrated (top 10 ≈ 38% of the book). The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: APPLE INC, ELI LILLY & CO, ALPHABET INC-CL C, MICROSOFT CORP, VANGUARD TOTAL STOCK MKT ETF.
Over the last 9 quarters its long book ran on average 0.2pp per quarter behind the S&P 500, beating the index in 5 of 9 quarters. Signal value of individual moves is limited — treat changes as weak evidence.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+3.1%
Q2 2024
+6.3%
Q3 2024
+0.8%
Q4 2024
-0.9%
Q1 2025
+6.2%
Q2 2025
+8.2%
Q3 2025
+5.2%
Q4 2025
-3.7%
Q1 2026
+13.1%
Sector allocation
Technology 35%
Financials 18%
Healthcare 17%
Consumer discretionary 9%
Industrials 5%
Services media 4%
Other 3%
Consumer staples 3%
Long book by quarter
What does WALTER & own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| AAPL APPLE INC | Technology | 89.5K | $22.7M | 6.4% | -0.1% |
| LLY ELI LILLY & CO | Healthcare | 21.4K | $19.7M | 5.5% | -1.3% |
| GOOG ALPHABET INC-CL C | Technology | 57.6K | $16.5M | 4.7% | -0.1% |
| MSFT MICROSOFT CORP | Technology | 36.3K | $13.4M | 3.8% | -5.0% |
| JPM JPMORGAN CHASE & CO | Financials | 38.8K | $11.4M | 3.2% | -0.4% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 23.1K | $11.1M | 3.1% | -5.8% |
| WMT WALMART INC | Consumer discretionary | 83.1K | $10.3M | 2.9% | -0.5% |
| GOOGL ALPHABET INC-CL A | Technology | 30.2K | $8.7M | 2.4% | -1.6% |
| JNJ JOHNSON & JOHNSON | Healthcare | 34.0K | $8.3M | 2.3% | -1.5% |
| CSCO CISCO SYSTEMS INC | Technology | 93.0K | $7.2M | 2.0% | -0.6% |
| NVDA NVIDIA CORP | Technology | 33.2K | $5.8M | 1.6% | +0.1% |
| BRK/A BERKSHIRE HATHAWAY INC-CL A | Financials | 8 | $5.7M | 1.6% | Held |
| V VISA INC-CLASS A SHARES | Services media | 18.8K | $5.7M | 1.6% | -1.0% |
| RTX RTX CORP | Industrials | 27.2K | $5.3M | 1.5% | 0.0% |
| ABBV ABBVIE INC | Healthcare | 24.0K | $5.2M | 1.5% | -2.9% |
| NTRS NORTHERN TRUST CORP | Financials | 34.8K | $4.9M | 1.4% | 0.0% |
| XOM EXXON MOBIL CORP | Energy | 26.3K | $4.5M | 1.3% | +0.9% |
| PG PROCTER & GAMBLE CO/THE | Other | 29.5K | $4.3M | 1.2% | -4.1% |
| AMZN AMAZON.COM INC | Consumer discretionary | 18.0K | $3.7M | 1.1% | +4.7% |
| MRK MERCK & CO. INC. | Healthcare | 29.4K | $3.5M | 1.0% | +0.1% |
| AMGN AMGEN INC | Healthcare | 10.0K | $3.5M | 1.0% | +0.1% |
| HD HOME DEPOT INC | Consumer discretionary | 9.0K | $3.0M | 0.8% | -0.4% |
| PLTR PALANTIR TECHNOLOGIES INC-A | Technology | 19.9K | $2.9M | 0.8% | +0.2% |
| KO COCA-COLA CO/THE | Consumer staples | 37.0K | $2.8M | 0.8% | -5.4% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 2.6K | $2.6M | 0.7% | +2.1% |
| TXN TEXAS INSTRUMENTS INC | Technology | 12.9K | $2.5M | 0.7% | 0.0% |
| AXP AMERICAN EXPRESS CO | Financials | 7.6K | $2.3M | 0.6% | -0.8% |
| ORCL ORACLE CORP | Technology | 15.2K | $2.2M | 0.6% | -2.8% |
| WFC WELLS FARGO & CO | Financials | 27.4K | $2.2M | 0.6% | -1.4% |
| CSW CSW INDUSTRIALS INC | Other | 8.1K | $2.1M | 0.6% | +0.7% |
| MDT MEDTRONIC PLC | Healthcare | 23.9K | $2.1M | 0.6% | -4.0% |
| NEE NEXTERA ENERGY INC | Utilities | 21.2K | $2.0M | 0.6% | -1.5% |
| PEP PEPSICO INC | Consumer staples | 12.6K | $2.0M | 0.6% | -0.6% |
| META META PLATFORMS INC-CLASS A | Technology | 3.2K | $1.9M | 0.5% | -2.5% |
| CAT CATERPILLAR INC | Industrials | 2.0K | $1.4M | 0.4% | +0.2% |
| SCHW SCHWAB (CHARLES) CORP | Financials | 14.5K | $1.4M | 0.4% | -0.4% |
| AVGO BROADCOM INC | Technology | 4.4K | $1.4M | 0.4% | +0.4% |
| ITW ILLINOIS TOOL WORKS | Industrials | 5.0K | $1.3M | 0.4% | -7.5% |
| KKR KKR & CO INC | Financials | 13.8K | $1.3M | 0.4% | 0.0% |
| BX BLACKSTONE INC | Financials | 10.6K | $1.2M | 0.3% | -2.0% |
| MCD MCDONALD'S CORP | Consumer discretionary | 3.8K | $1.2M | 0.3% | +0.3% |
| BN BROOKFIELD CORP | Real estate | 29.2K | $1.2M | 0.3% | Held |
| AEP AMERICAN ELECTRIC POWER | Utilities | 8.6K | $1.1M | 0.3% | -0.9% |
| CVX CHEVRON CORP | Energy | 5.4K | $1.1M | 0.3% | +2.7% |
| MA MASTERCARD INC - A | Services media | 2.2K | $1.1M | 0.3% | -9.1% |
| APH AMPHENOL CORP-CL A | Technology | 8.2K | $1.0M | 0.3% | 0.0% |
| XPO XPO INC | Industrials | 5.2K | $1.0M | 0.3% | Held |
| KMI KINDER MORGAN INC | Utilities | 30.0K | $1.0M | 0.3% | +0.4% |
| SO SOUTHERN CO/THE | Utilities | 10.1K | $978K | 0.3% | -6.5% |
| PM PHILIP MORRIS INTERNATIONAL | Consumer staples | 5.8K | $967K | 0.3% | +1.2% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 11, 2026 | 156 | $355.2M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 11, 2026 | 155 | $373.1M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 13, 2025 | 153 | $360.5M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 11, 2025 | 152 | $344.1M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 21, 2025 | 149 | $332.0M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 29, 2025 | 150 | $330.9M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 25, 2024 | 150 | $329.2M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 15, 2024 | 146 | $314.1M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Apr 30, 2024 | 141 | $305.2M | canonical | SEC ↗ |
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