# Kelsey Financial, LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 2022609. Source: https://holderbook.com/funds/2022609-kelsey-financial-llc/

- Reported value: $131.8M
- Positions: 65
- Weight of the ten largest: 72.9%
- Filed: 2026-08-10

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $27.5M | 37,403 | 20.9% | 3 |
| ISHARES TR | [IWD](https://holderbook.com/stocks/IWD/) | $12.3M | 50,631 | 9.3% | 3 |
| ISHARES TR | [LQD](https://holderbook.com/stocks/LQD/) | $10.4M | 95,170 | 7.9% | 3 |
| ISHARES TR | [IGSB](https://holderbook.com/stocks/IGSB/) | $9.4M | 180,138 | 7.2% | 3 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $9.0M | 23,803 | 6.8% | 3 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $7.9M | 21,792 | 6.0% | 3 |
| ISHARES TR | [IWS](https://holderbook.com/stocks/IWS/) | $5.9M | 36,016 | 4.5% | 3 |
| VANGUARD INTL EQUITY INDEX F | [VEU](https://holderbook.com/stocks/VEU/) | $5.3M | 62,894 | 4.0% | 3 |
| ISHARES TR | [IWP](https://holderbook.com/stocks/IWP/) | $5.1M | 34,500 | 3.8% | 3 |
| ISHARES TR | [IWN](https://holderbook.com/stocks/IWN/) | $3.3M | 15,110 | 2.5% | 3 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $3.3M | 4,388 | 2.5% | 3 |
| ISHARES TR | [IWO](https://holderbook.com/stocks/IWO/) | $2.8M | 7,178 | 2.1% | 3 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $2.1M | 7,278 | 1.6% | 3 |
| SPDR SERIES TRUST | [JNK](https://holderbook.com/stocks/JNK/) | $1.6M | 16,244 | 1.2% | 3 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $1.6M | 7,790 | 1.2% | 3 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $1.2M | 2,919 | 0.9% | 3 |
| ISHARES TR | [EEM](https://holderbook.com/stocks/EEM/) | $1.2M | 17,824 | 0.9% | 3 |
| ISHARES TR | [ESGU](https://holderbook.com/stocks/ESGU/) | $1.2M | 7,044 | 0.9% | 3 |
| AGILENT TECHNOLOGIES INC | [A](https://holderbook.com/stocks/A/) | $971.8K | 7,316 | 0.7% | 3 |
| ISHARES TR | [SUSC](https://holderbook.com/stocks/SUSC/) | $967.0K | 41,767 | 0.7% | 3 |
| ISHARES TR | [TIP](https://holderbook.com/stocks/TIP/) | $943.3K | 8,620 | 0.7% | 3 |
| SPDR SERIES TRUST | [SPYM](https://holderbook.com/stocks/SPYM/) | $942.4K | 10,724 | 0.7% | 3 |
| VANGUARD SCOTTSDALE FDS | [VTC](https://holderbook.com/stocks/VTC/) | $905.9K | 11,796 | 0.7% | 3 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $905.2K | 1,318 | 0.7% | 3 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $785.6K | 2,106 | 0.6% | 3 |
| ENTERPRISE PRODS PARTNERS L | [EPD](https://holderbook.com/stocks/EPD/) | $771.1K | 20,976 | 0.6% | 3 |
| VANGUARD SCOTTSDALE FDS | [VTWV](https://holderbook.com/stocks/VTWV/) | $631.5K | 3,231 | 0.5% | 3 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $609.1K | 1,727 | 0.5% | 3 |
| VANGUARD SCOTTSDALE FDS | [VTWG](https://holderbook.com/stocks/VTWG/) | $580.3K | 2,017 | 0.4% | 3 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $579.8K | 802 | 0.4% | 3 |
| ISHARES TR | [SUSB](https://holderbook.com/stocks/SUSB/) | $574.8K | 23,002 | 0.4% | 3 |
| VANGUARD INDEX FDS | [VOE](https://holderbook.com/stocks/VOE/) | $568.3K | 2,876 | 0.4% | 3 |
| KEYSIGHT TECHNOLOGIES INC | [KEYS](https://holderbook.com/stocks/KEYS/) | $550.0K | 1,571 | 0.4% | 3 |
| ISHARES TR | [DVY](https://holderbook.com/stocks/DVY/) | $524.2K | 3,354 | 0.4% | 3 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $457.6K | 3,347 | 0.3% | 3 |
| SELECT SECTOR SPDR TR | [XLK](https://holderbook.com/stocks/XLK/) | $452.3K | 2,374 | 0.3% | 3 |
| ISHARES TR | [IYH](https://holderbook.com/stocks/IYH/) | $435.6K | 6,500 | 0.3% | 3 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $435.2K | 1,600 | 0.3% | 3 |
| GE AEROSPACE | [GE](https://holderbook.com/stocks/GE/) | $430.9K | 1,153 | 0.3% | 3 |
| WELLS FARGO & CO | [WFC](https://holderbook.com/stocks/WFC/) | $425.5K | 5,149 | 0.3% | 3 |
| VANGUARD SCOTTSDALE FDS | [VONV](https://holderbook.com/stocks/VONV/) | $406.2K | 3,821 | 0.3% | 3 |
| ISHARES TR | [IWM](https://holderbook.com/stocks/IWM/) | $356.0K | 1,185 | 0.3% | 3 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $337.5K | 955 | 0.3% | 3 |
| GE VERNOVA INC | [GEV](https://holderbook.com/stocks/GEV/) | $333.7K | 284 | 0.3% | 2 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $329.1K | 1,381 | 0.2% | 3 |
| CAPITAL ONE FINL CORP | [COF](https://holderbook.com/stocks/COF/) | $307.1K | 1,531 | 0.2% | 3 |
| ISHARES TR | [ACWX](https://holderbook.com/stocks/ACWX/) | $306.7K | 4,030 | 0.2% | 3 |
| ISHARES SILVER TR | [SLV](https://holderbook.com/stocks/SLV/) | $288.6K | 5,397 | 0.2% | 3 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $281.8K | 1,002 | 0.2% | 1 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $279.3K | 6,596 | 0.2% | 3 |
| PROLOGIS INC. | [PLD](https://holderbook.com/stocks/PLD/) | $256.4K | 1,893 | 0.2% | 3 |
| ACADIA PHARMACEUTICALS INC | [ACAD](https://holderbook.com/stocks/ACAD/) | $253.0K | 10,000 | 0.2% | 3 |
| VANGUARD SCOTTSDALE FDS | [VCSH](https://holderbook.com/stocks/VCSH/) | $250.4K | 3,169 | 0.2% | 3 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $250.2K | 985 | 0.2% | 3 |
| NUSHARES ETF TR | [NUMG](https://holderbook.com/stocks/NUMG/) | $239.7K | 5,104 | 0.2% | 2 |
| PFIZER INC | [PFE](https://holderbook.com/stocks/PFE/) | $228.2K | 9,476 | 0.2% | 2 |
| NORTHROP GRUMMAN CORP | [NOC](https://holderbook.com/stocks/NOC/) | $227.2K | 446 | 0.2% | 1 |
| STATE STR SPDR S&P MIDCAP 40 | [MDY](https://holderbook.com/stocks/MDY/) | $225.8K | 321 | 0.2% | 1 |
| WASTE MGMT INC DEL | [WM](https://holderbook.com/stocks/WM/) | $223.1K | 1,001 | 0.2% | 3 |
| THE CAMPBELLS COMPANY | [CPB](https://holderbook.com/stocks/CPB/) | $215.2K | 9,664 | 0.2% | 2 |
| HP INC | [HPQ](https://holderbook.com/stocks/HPQ/) | $213.8K | 9,745 | 0.2% | 1 |
| ADOBE INC | [ADBE](https://holderbook.com/stocks/ADBE/) | $203.6K | 993 | 0.2% | 1 |
| KENVUE INC | [KVUE](https://holderbook.com/stocks/KVUE/) | $191.3K | 10,011 | 0.1% | 3 |
| IMMUNEERING CORP | [IMRX](https://holderbook.com/stocks/IMRX/) | $82.0K | 16,425 | 0.1% | 3 |
| OCEAN PWR TECHNOLOGIES INC | [OPTT](https://holderbook.com/stocks/OPTT/) | $9.7K | 37,000 | 0.0% | 3 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +13.0% | +14.8% | -1.8% | 100% |
| Q1 2026 | -1.9% | -4.6% | +2.7% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $131.8M | 65 |
| Q1 2026 | $114.4M | 63 |
| Q4 2025 | $116.4M | 62 |