Keystone Financial Group, Inc.
- SEC CIK
- 0002053642
- Latest filing
- Jul 21, 2026
The latest 13F from Keystone Financial Group, Inc. covers Q2 2026 (filed Jul 21, 2026): 122 long positions worth $190.5M. The top 10 holdings make up 69.1% of the portfolio, and the largest is Dimensional ETF Trust at 16.8%. 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.
- New
- 4
- Est. +$179.1K
- Added
- 52
- Est. +$11.3M
- Reduced
- 30
- Est. −$24.7M
- Sold out
- 16
- Est. −$581.4K
Top 5 holdings
Share of this quarter's portfolio value
- Dimensional ETF Trust25434V10416.8%$32.1M
- Vanguard Malvern FDS92202075511.9%$22.7M
- Schwab US Dividend Equity ETF8085247976.3%$12.1M
- Vanguard Dividend Appreciation ETF9219088446.1%$11.7M
- Vanguard Mun BD FDS9229076965.7%$10.9M
Share of portfolio
Top 5 holdings and the other 117 positions, by share of portfolio value
- Dimensional ETF Trust16.8%
- Vanguard Malvern FDS11.9%
- Schwab US Dividend Equity ETF6.3%
- Vanguard Dividend Appreciation ETF6.1%
- Vanguard Mun BD FDS5.7%
- Other 117 positions53.0%
Biggest buys
New and added positions, by estimated amount bought
- Vanguard Mun BD FDS922907712+$3.78MAdded
- Vanguard Mun BD FDS922907696+$2.30MAdded
- Vanguard Malvern FDS922020755+$1.56MAdded
- Dimensional World Ex U.S. Core Equity 2 ETF25434V880+$1.21MAdded
- Vanguard Malvern FDS922020730+$920.5KAdded
Largest weight increases
New and added positions, by percentage points of the portfolio gained
- Dimensional ETF Trust25434V104+2.63 pp14.2% → 16.8%
- Vanguard Mun BD FDS922907712+2.04 pp2.3% → 4.4%
- Vanguard Mun BD FDS922907696+1.27 pp4.4% → 5.7%
- Dimensional World Ex U.S. Core Equity 2 ETF25434V880+1.03 pp4.2% → 5.2%
- Vanguard Malvern FDS922020755+0.92 pp11.0% → 11.9%
Biggest sells
Reduced and sold-out positions, by estimated amount sold
- iShares Tr46436E718−$15.8MReduced
- iShares Trust iShares 0-1 Year Treasury Bond ETF464288679−$3.65MReduced
- iShares U S ETF Tr46431W838−$1.31MReduced
- Dimensional ETF Trust25434V864−$1.01MReduced
- BlackRock ETF Trust II092528207−$913.5KReduced
Largest weight decreases
Reduced and sold-out positions, by percentage points of the portfolio lost
- iShares Tr46436E718−8.22 pp9.4% → 1.2%
- iShares Trust iShares 0-1 Year Treasury Bond ETF464288679−1.90 pp1.9% → <0.1%
- iShares U S ETF Tr46431W838−0.68 pp1.1% → 0.5%
- Dimensional ETF Trust25434V864−0.50 pp4.0% → 3.5%
- BlackRock ETF Trust II092528207−0.40 pp3.5% → 3.1%
Metrics
13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.
- Portfolio value
- $190.5M
- −$1.87M (−1.0%) vs. prior quarter
- Positions
- 122
- −12 vs. prior quarter
- Top 10 concentration
- 69.1%
- Top 10 as share of value
- Turnover
- 6.0%
- Q2 2026, one quarter
- Average holding period
- 6.6 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 $192.4M (Q1 2026)
| Quarter | Filed | Positions | Value | Top 3 holdings | Changes | Filing |
|---|---|---|---|---|---|---|
| Q2 2026 | Jul 21, 2026 | 122 | $190.5M | Dimensional ETF TrustVanguard Malvern FDSSchwab US Dividend Equity ETF | vs. Q1 2026 | SEC |
| Q1 2026 | Apr 21, 2026 | 134 | $192.4M | Dimensional ETF TrustVanguard Malvern FDSiShares Tr | vs. Q4 2025 | SEC |
| Q4 2025 | Jan 16, 2026 | 136 | $191.0M | Dimensional ETF TrustiShares TrVanguard Malvern FDS | vs. Q3 2025 | SEC |
| Q3 2025 | Oct 20, 2025 | 130 | $177.4M | Dimensional ETF TrustiShares TrVanguard Malvern FDS | vs. Q2 2025 | SEC |
| Q2 2025 | Jul 21, 2025 | 148 | $157.0M | Dimensional ETF TrustiShares TrSchwab US Dividend Equity ETF | vs. Q1 2025 | SEC |
| Q1 2025 | May 7, 2025 | 156 | $142.0M | Dimensional ETF TrustiShares TrVanguard Whitehall FDS | vs. Q4 2024 | SEC |
| Q4 2024 | Jan 28, 2025 | 160 | $123.5M | Dimensional ETF TrustiShares TrSchwab US Dividend Equity ETF | – | SEC |