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Livermore
Livermore
ZHEN

Keystone Financial Services, LLC

SEC CIK
0002046033
Latest filing
Jul 24, 2026

The latest 13F from Keystone Financial Services, LLC covers Q2 2026 (filed Jul 24, 2026): 61 long positions worth $166.4M. The top 10 holdings make up 64.0% of the portfolio, and the largest is Vanguard S&P 500 Growth ETF at 11.7%. Livermore has 7 filings on Form 13F from this institution, going back to Q4 2024.

What changed in Q2 2026

Share counts compared with Q1 2026: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
4
Est. +$1.77M
Added
27
Est. +$4.21M
Reduced
27
Est. −$4.24M
Sold out
1
Est. −$230.9K

Top 5 holdings

Share of this quarter's portfolio value

  1. Vanguard S&P 500 Growth ETF921932505
    11.7%$19.4M
  2. Putnam ETF Trust746729300
    11.3%$18.9M
  3. State Street SPDR Portfolio S&P 500 ETF78464A854
    9.7%$16.1M
  4. Pacer FDS Tr69374H568
    7.6%$12.7M
  5. J P Morgan Exchange Traded F46641Q845
    5.8%$9.71M

Biggest buys

New and added positions, by estimated amount bought

  1. NVDANVIDIA Corp
    +$1.70MAddedHistory
  2. American Centy ETF Tr025072877
    +$826.3KNew
  3. Invesco Exch Traded FD Tr II46138G672
    +$674.7KAdded
  4. GDLCGrayscale CoinDesk Crypto 5 ETF
    +$360.6KAddedHistory
  5. Janus Detroit STR Tr47103U886
    +$344.4KNew

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. NVDANVIDIA Corp
    +1.05 pp1.2% → 2.2%History
  2. American Centy ETF Tr025072877
    +0.50 pp0.0% → 0.5%
  3. Invesco Exch Traded FD Tr II46138G672
    +0.41 pp0.1% → 0.5%
  4. MRVLMarvell Technology, Inc.
    +0.24 pp0.1% → 0.4%History
  5. Janus Detroit STR Tr47103U886
    +0.21 pp0.0% → 0.2%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. UNPUnion Pacific Corp
    −$1.27MReducedHistory
  2. Vanguard Morningstar Mid-Cap Value ETF922908512
    −$687.7KReduced
  3. Pacer US Small Cap Cash Cows ETF69374H857
    −$563.8KReduced
  4. Vanguard S&P 500 Growth ETF921932505
    −$523.7KReducedConverted for a 6-for-1 split
  5. JPMorgan Ultra-Short Income ETF46641Q837
    −$338.9KReduced

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. UNPUnion Pacific Corp
    −0.76 pp1.0% → 0.2%History
  2. Vanguard Morningstar Mid-Cap Value ETF922908512
    −0.55 pp3.3% → 2.7%
  3. JPMorgan Ultra-Short Income ETF46641Q837
    −0.48 pp2.6% → 2.1%
  4. J P Morgan Exchange Traded F46641Q159
    −0.32 pp3.0% → 2.7%
  5. Pacer US Small Cap Cash Cows ETF69374H857
    −0.32 pp2.5% → 2.2%

Metrics

13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.

Portfolio value
$166.4M
+$17.8M (+12.0%) vs. prior quarter
Positions
61
+3 vs. prior quarter
Top 10 concentration
64.0%
Top 10 as share of value
Turnover
2.8%
Q2 2026, one quarter
Average holding period
6.8 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q4 2024), so positions held before then are understated.

13F filings by quarter

7 quarters, going back to Q4 2024. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $166.4M (Q2 2026)

Q4 2024: $109.1MQ1 2025: $118.1MQ2 2025: $131.6MQ3 2025: $142.9MQ4 2025: $146.8MQ1 2026: $148.7MQ2 2026: $166.4M
Q4 2024Q2 2026
13F filings of Keystone Financial Services, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 24, 202661$166.4MVanguard S&P 500 Growth ETFPutnam ETF TrustState Street SPDR Portfolio S&P 500 ETFvs. Q1 2026SEC
Q1 2026Apr 21, 202658$148.7MPutnam ETF TrustVanguard S&P 500 Growth ETFState Street SPDR Portfolio S&P 500 ETFvs. Q4 2025SEC
Q4 2025Jan 27, 202654$146.8MVanguard S&P 500 Growth ETFPutnam ETF TrustState Street SPDR Portfolio S&P 500 ETFvs. Q3 2025SEC
Q3 2025Oct 28, 202553$142.9MVanguard S&P 500 Growth ETFPutnam ETF TrustState Street SPDR Portfolio S&P 500 ETFvs. Q2 2025SEC
Q2 2025Aug 14, 202551$131.6MVanguard S&P 500 Growth ETFPutnam ETF TrustState Street SPDR Portfolio S&P 500 ETFvs. Q1 2025SEC
Q1 2025Apr 25, 202547$118.1MVanguard S&P 500 Growth ETFPutnam ETF TrustState Street SPDR Portfolio S&P 500 ETFvs. Q4 2024SEC
Q4 2024Mar 14, 202544$109.1MVanguard S&P 500 Growth ETFPutnam ETF TrustState Street SPDR Portfolio S&P 500 ETF–SEC