KEYSTONE FINANCIAL GROUP
Q2 2025 Form 13-F
LEXINGTON, KENTUCKY
CIK 0001729299
· CRD 170201
· SEC-registered investment adviser
$1.1B Reported Value Total
KEYSTONE FINANCIAL GROUP, LLC reports 6,153 total accounts under management (AUM). There are 6,059 discretionary accounts valued at $1,841,122,192, and 94 non-discretionary accounts valued at $17,816,345.
Source: Form ADV filed * Note that certain holdings are exempt from Form 13-F reporting, so the AUM totals may be greater than the Form 13-F total.
Source: Form ADV filed 2026-09-29
Reported value
$1.1B
Quarter over quarter
+9.7%
Holdings
430
Top-10 concentration
36.3%
Key People
Form ADV owners & control persons
Tobin Ray Jenkins
PARTNER AND CHIEF COMPLIANCE OFFICER
Michael William Kretz
PARTNER
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Q2 2025 13F record
Q2 2025 13F filing summary
| Period of report | June 30, 2025 |
|---|---|
| Filed | August 13, 2025 |
| Form | 13F-HR |
| Reported value | $1.1B |
| Positions | 430 |
| Change in reported value | +12.7% |
| New positions | 50 |
| Exited positions | 15 |
| Position turnover | 14.6% |
| Top-10 concentration | 36.3% |
13F filings by quarter
| Quarter | Positions | Value |
|---|---|---|
|
Q2 2026 13F
Filed Jul 29, 2026
|
567 | $1.7B |
|
Q1 2026 13F
Filed May 13, 2026
|
524 | $1.5B |
|
Q4 2025 13F
Filed Feb 6, 2026
|
454 | $1.4B |
|
Q3 2025 13F
Filed Nov 14, 2025
|
424 | $1.3B |
|
Q2 2025 13F
Filed Aug 13, 2025
|
430 | $1.1B |
|
Q1 2025 13F
Filed May 13, 2025
|
395 | $983.7M |
|
Q4 2024 13F
Filed Feb 13, 2025
|
390 | $1.0B |
|
Q3 2024 13F
Filed Nov 12, 2024
|
384 | $782.2M |
|
Q2 2024 13F
Filed Jul 31, 2024
|
169 | $279.2M |
|
Q1 2024 13F
Filed May 8, 2024
|
347 | $686.5M |
|
Q4 2023 13F
Filed Feb 9, 2024
|
298 | $575.2M |
|
Q3 2023 13F
Filed Nov 6, 2023
|
300 | $597.1M |
|
Q2 2023 13F
Filed Aug 7, 2023
|
302 | $588.0M |
|
Q4 2022 13F
Filed Feb 7, 2023
|
285 | $506.5M |
|
Q3 2022 13F
Filed Nov 10, 2022
|
284 | $493.2M |
|
Q2 2022 13F
Filed Aug 5, 2022
|
291 | $504.6M |
|
Q1 2022 13F
Filed May 13, 2022
|
291 | $588.9M |
|
Q4 2021 13F
Filed Feb 11, 2022
|
304 | $609.6M |
|
Q3 2021 13F
Filed Nov 12, 2021
|
287 | $552.7M |
15 earlier quarters on file — choose one from the quarter menu above.
Top 20 holdings · Q2 2025
| # | Holding | Reported value | % of portfolio |
|---|---|---|---|
| 1 | SPY SPDR S&P 500 ETF | $74.3M | 6.7% |
| 2 | AAPL APPLE INC | $74.0M | 6.68% |
| 3 | SPYM SPDR PORTFOLIO | $36.9M | 3.32% |
| 4 | NVDA NVIDIA CORP | $35.5M | 3.21% |
| 5 | VTI VANGUARD TOTAL STOCK MARKET ETF | $34.9M | 3.15% |
| 6 | PLTR PALANTIR TECHNOLOGIES INCLASS A | $34.0M | 3.07% |
| 7 | SPYG SPDR PORTFOLIO | $32.3M | 2.91% |
| 8 | TSLA TESLA INC | $28.6M | 2.58% |
| 9 | VFLO VICTORYSHARES FREE | $27.5M | 2.48% |
| 10 | MSFT MICROSOFT CORP | $24.7M | 2.23% |
| 11 | META META PLATFORMS | $23.8M | 2.15% |
| 12 | AMZN AMAZON.COM INC | $20.7M | 1.86% |
| 13 | VOO VANGUARD S&P 500 ETF | $19.6M | 1.77% |
| 14 | JQUA JPMORGAN US | $19.5M | 1.76% |
| 15 | BRK-B BERKSHIRE HATHAWAY CLASS B | $19.3M | 1.74% |
| 16 | DYNF ISHARES U S | $19.2M | 1.73% |
| 17 | JPM JPMORGAN CHASE & CO | $15.7M | 1.42% |
| 18 | BRK-A BERKSHIRE HATHAWAY INC DCLASS A | $12.1M | 1.1% |
| 19 | AMD ADVANCED MICRO DEVIC | $12.0M | 1.08% |
| 20 | QQQ INVESCO QQQ | $11.4M | 1.02% |
Values as reported on the Q2 2025 Form 13F. Every position is in the holdings table below.