# Keystone Financial Group, Inc.

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 2053642. Source: https://holderbook.com/funds/2053642-keystone-financial-group-inc/

- Reported value: $190.5M
- Positions: 122
- Weight of the ten largest: 69.1%
- Filed: 2026-07-21

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 |
|---|---|---|---|---|---|
| DIMENSIONAL ETF TRUST | [DFAU](https://holderbook.com/stocks/DFAU/) | $32.1M | 620,943 | 16.8% | 7 |
| VANGUARD MALVERN FDS | [VPLS](https://holderbook.com/stocks/VPLS/) | $22.7M | 292,988 | 11.9% | 7 |
| SCHWAB STRATEGIC TR | [SCHD](https://holderbook.com/stocks/SCHD/) | $12.1M | 380,415 | 6.3% | 7 |
| VANGUARD SPECIALIZED FUNDS | [VIG](https://holderbook.com/stocks/VIG/) | $11.7M | 49,414 | 6.1% | 7 |
| VANGUARD MUN BD FDS | [VSDM](https://holderbook.com/stocks/VSDM/) | $10.9M | 142,196 | 5.7% | 5 |
| DIMENSIONAL ETF TRUST | [DFAX](https://holderbook.com/stocks/DFAX/) | $9.9M | 269,575 | 5.2% | 7 |
| VANGUARD WHITEHALL FDS | [VIGI](https://holderbook.com/stocks/VIGI/) | $9.8M | 105,057 | 5.1% | 7 |
| VANGUARD MUN BD FDS | [VCRM](https://holderbook.com/stocks/VCRM/) | $8.3M | 109,104 | 4.4% | 4 |
| FB FINL CORP | [FBK](https://holderbook.com/stocks/FBK/) | $7.4M | 133,253 | 3.9% | 5 |
| DIMENSIONAL ETF TRUST | [DFAC](https://holderbook.com/stocks/DFAC/) | $6.8M | 152,808 | 3.6% | 7 |
| DIMENSIONAL ETF TRUST | [DFSD](https://holderbook.com/stocks/DFSD/) | $6.7M | 139,823 | 3.5% | 7 |
| BLACKROCK ETF TRUST II | [INMU](https://holderbook.com/stocks/INMU/) | $5.9M | 244,206 | 3.1% | 7 |
| VANGUARD MALVERN FDS | [VSDB](https://holderbook.com/stocks/VSDB/) | $4.6M | 60,314 | 2.4% | 4 |
| FIRST TR EXCHANGE-TRADED FD | [EMLP](https://holderbook.com/stocks/EMLP/) | $3.6M | 82,314 | 1.9% | 7 |
| DIMENSIONAL ETF TRUST | [DFAW](https://holderbook.com/stocks/DFAW/) | $3.0M | 35,717 | 1.6% | 7 |
| ISHARES TR | [USRT](https://holderbook.com/stocks/USRT/) | $2.9M | 44,189 | 1.5% | 7 |
| ISHARES TR | [ITOT](https://holderbook.com/stocks/ITOT/) | $2.5M | 15,391 | 1.3% | 7 |
| ISHARES TR | [SGOV](https://holderbook.com/stocks/SGOV/) | $2.3M | 22,958 | 1.2% | 7 |
| ISHARES TR | [VLUE](https://holderbook.com/stocks/VLUE/) | $2.2M | 11,234 | 1.2% | 7 |
| ISHARES TR | [IEFA](https://holderbook.com/stocks/IEFA/) | $1.6M | 16,856 | 0.9% | 7 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $1.3M | 3,569 | 0.7% | 7 |
| ISHARES TR | [IXUS](https://holderbook.com/stocks/IXUS/) | $1.3M | 13,389 | 0.7% | 3 |
| SPDR SERIES TRUST | [SPTM](https://holderbook.com/stocks/SPTM/) | $1.3M | 13,863 | 0.7% | 7 |
| ISHARES TR | [IJR](https://holderbook.com/stocks/IJR/) | $1.2M | 7,977 | 0.6% | 7 |
| ISHARES TR | [ISTB](https://holderbook.com/stocks/ISTB/) | $1.1M | 22,874 | 0.6% | 7 |
| TRUIST FINL CORP | [TFC](https://holderbook.com/stocks/TFC/) | $1.1M | 22,041 | 0.6% | 7 |
| ISHARES INC | [IEMG](https://holderbook.com/stocks/IEMG/) | $941.0K | 11,359 | 0.5% | 7 |
| ISHARES U S ETF TR | [MEAR](https://holderbook.com/stocks/MEAR/) | $897.8K | 17,820 | 0.5% | 7 |
| VANGUARD INDEX FDS | [VTV](https://holderbook.com/stocks/VTV/) | $889.8K | 4,083 | 0.5% | 7 |
| ISHARES TR | [MTUM](https://holderbook.com/stocks/MTUM/) | $831.8K | 2,426 | 0.4% | 7 |
| BLACKROCK ETF TRUST II | [BRTR](https://holderbook.com/stocks/BRTR/) | $793.5K | 15,768 | 0.4% | 6 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $695.8K | 3,477 | 0.4% | 7 |
| UNITED CMNTY BKS BLAIRSVLE G | [UCB](https://holderbook.com/stocks/UCB/) | $644.8K | 18,245 | 0.3% | 7 |
| VANGUARD INDEX FDS | [VUG](https://holderbook.com/stocks/VUG/) | $619.6K | 7,193 | 0.3% | 7 |
| ISHARES TR | [USMV](https://holderbook.com/stocks/USMV/) | $452.3K | 4,689 | 0.2% | 7 |
| SCHWAB STRATEGIC TR | [SCHY](https://holderbook.com/stocks/SCHY/) | $427.7K | 13,479 | 0.2% | 7 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $408.7K | 1,609 | 0.2% | 7 |
| DIMENSIONAL ETF TRUST | [DFSU](https://holderbook.com/stocks/DFSU/) | $399.3K | 8,563 | 0.2% | 7 |
| TRAVELERS COMPANIES INC | [TRV](https://holderbook.com/stocks/TRV/) | $376.0K | 1,139 | 0.2% | 7 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $364.3K | 728 | 0.2% | 7 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $357.8K | 3,047 | 0.2% | 7 |
| ISHARES TR | [IGSB](https://holderbook.com/stocks/IGSB/) | $335.6K | 6,404 | 0.2% | 7 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $331.8K | 916 | 0.2% | 7 |
| INNOVATOR ETFS TRUST | [PFEB](https://holderbook.com/stocks/PFEB/) | $312.4K | 7,256 | 0.2% | 7 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $290.9K | 780 | 0.2% | 7 |
| WEC ENERGY GROUP INC | [WEC](https://holderbook.com/stocks/WEC/) | $283.9K | 2,432 | 0.1% | 7 |
| SOUTHERN CO | [SO](https://holderbook.com/stocks/SO/) | $275.1K | 2,875 | 0.1% | 7 |
| ISHARES TR | [IUSG](https://holderbook.com/stocks/IUSG/) | $270.1K | 1,436 | 0.1% | 7 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $262.9K | 1,045 | 0.1% | 7 |
| ALPS ETF TR | [ENFR](https://holderbook.com/stocks/ENFR/) | $262.2K | 6,883 | 0.1% | 4 |
| ISHARES TR | [IWF](https://holderbook.com/stocks/IWF/) | $224.7K | 1,810 | 0.1% | 7 |
| GOLDMAN SACHS GROUP INC | [GS](https://holderbook.com/stocks/GS/) | $207.5K | 205 | 0.1% | 7 |
| ATMOS ENERGY CORP | [ATO](https://holderbook.com/stocks/ATO/) | $196.9K | 1,143 | 0.1% | 7 |
| ISHARES TR | [IUSV](https://holderbook.com/stocks/IUSV/) | $193.7K | 1,758 | 0.1% | 7 |
| TEXAS INSTRS INC | [TXN](https://holderbook.com/stocks/TXN/) | $185.6K | 623 | 0.1% | 7 |
| ISHARES U S ETF TR | [NEAR](https://holderbook.com/stocks/NEAR/) | $167.2K | 3,300 | 0.1% | 7 |
| ISHARES TR | [IJH](https://holderbook.com/stocks/IJH/) | $166.4K | 2,158 | 0.1% | 7 |
| FIRST TR EXCHANGE-TRADED FD | [RBLD](https://holderbook.com/stocks/RBLD/) | $162.4K | 1,804 | 0.1% | 6 |
| INNOVATOR ETFS TRUST | [JAJL](https://holderbook.com/stocks/JAJL/) | $149.3K | 4,991 | 0.1% | 7 |
| VANGUARD INDEX FDS | [VNQ](https://holderbook.com/stocks/VNQ/) | $148.3K | 1,538 | 0.1% | 7 |
| 3M CO | [MMM](https://holderbook.com/stocks/MMM/) | $148.0K | 914 | 0.1% | 7 |
| ISHARES TR | [SUSL](https://holderbook.com/stocks/SUSL/) | $139.9K | 1,054 | 0.1% | 7 |
| DIMENSIONAL ETF TRUST | [DFEM](https://holderbook.com/stocks/DFEM/) | $110.8K | 2,725 | 0.1% | 7 |
| INTERCONTINENTAL EXCHANGE IN | [ICE](https://holderbook.com/stocks/ICE/) | $108.4K | 881 | 0.1% | 7 |
| EMERSON ELEC CO | [EMR](https://holderbook.com/stocks/EMR/) | $96.9K | 677 | 0.1% | 7 |
| DIMENSIONAL ETF TRUST | [DFIC](https://holderbook.com/stocks/DFIC/) | $94.0K | 2,522 | 0.0% | 6 |
| PROSHARES TR | [TQQQ](https://holderbook.com/stocks/TQQQ/) | $89.7K | 1,107 | 0.0% | 5 |
| DIMENSIONAL ETF TRUST | [DFSE](https://holderbook.com/stocks/DFSE/) | $80.9K | 1,656 | 0.0% | 7 |
| LINDE PLC | [LIN](https://holderbook.com/stocks/LIN/) | $78.3K | 151 | 0.0% | 2 |
| HONEYWELL INTL INC | [HON](https://holderbook.com/stocks/HON/) | $77.2K | 345 | 0.0% | 1 |
| HONEYWELL AEROSPACE INC | [HONA](https://holderbook.com/stocks/HONA/) | $76.3K | 345 | 0.0% | 1 |
| ISHARES TR | [ERET](https://holderbook.com/stocks/ERET/) | $75.1K | 2,599 | 0.0% | 3 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $72.3K | 250 | 0.0% | 7 |
| VANGUARD INDEX FDS | [VB](https://holderbook.com/stocks/VB/) | $71.5K | 236 | 0.0% | 7 |
| WISDOMTREE TR | [DGRW](https://holderbook.com/stocks/DGRW/) | $71.4K | 747 | 0.0% | 7 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $69.5K | 474 | 0.0% | 7 |
| INNOVATOR ETFS TRUST | [ZALT](https://holderbook.com/stocks/ZALT/) | $67.8K | 2,001 | 0.0% | 6 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $61.3K | 453 | 0.0% | 7 |
| SELECT SECTOR SPDR TR | [XLV](https://holderbook.com/stocks/XLV/) | $59.0K | 372 | 0.0% | 7 |
| SPDR GOLD TR | [GLD](https://holderbook.com/stocks/GLD/) | $58.6K | 159 | 0.0% | 7 |
| MEDTRONIC PLC | [MDT](https://holderbook.com/stocks/MDT/) | $58.5K | 741 | 0.0% | 7 |
| ISHARES TR | [HYDB](https://holderbook.com/stocks/HYDB/) | $53.5K | 1,144 | 0.0% | 6 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $51.2K | 145 | 0.0% | 7 |
| VANGUARD WORLD FD | [VSGX](https://holderbook.com/stocks/VSGX/) | $49.4K | 600 | 0.0% | 7 |
| KIMBERLY-CLARK CORP | [KMB](https://holderbook.com/stocks/KMB/) | $48.5K | 437 | 0.0% | 7 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $48.5K | 681 | 0.0% | 7 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $48.5K | 354 | 0.0% | 7 |
| ISHARES SILVER TR | [SLV](https://holderbook.com/stocks/SLV/) | $43.3K | 810 | 0.0% | 7 |
| NRG ENERGY INC | [NRG](https://holderbook.com/stocks/NRG/) | $35.6K | 243 | 0.0% | 7 |
| BLACKROCK ETF TRUST | [BAI](https://holderbook.com/stocks/BAI/) | $35.3K | 669 | 0.0% | 3 |
| NORFOLK SOUTHN CORP | [NSC](https://holderbook.com/stocks/NSC/) | $34.7K | 110 | 0.0% | 7 |
| VANGUARD MALVERN FDS | [VTIP](https://holderbook.com/stocks/VTIP/) | $32.4K | 645 | 0.0% | 7 |
| DIMENSIONAL ETF TRUST | [DFSI](https://holderbook.com/stocks/DFSI/) | $31.8K | 705 | 0.0% | 7 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $31.5K | 75 | 0.0% | 7 |
| EOG RES INC | [EOG](https://holderbook.com/stocks/EOG/) | $30.2K | 233 | 0.0% | 7 |
| SCHWAB STRATEGIC TR | [SCHA](https://holderbook.com/stocks/SCHA/) | $28.5K | 790 | 0.0% | 7 |
| PINNACLE FINL PARTNERS INC | [PNFP](https://holderbook.com/stocks/PNFP/) | $27.9K | 277 | 0.0% | 2 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $27.4K | 242 | 0.0% | 7 |
| ISHARES TR | [DGRO](https://holderbook.com/stocks/DGRO/) | $23.1K | 305 | 0.0% | 7 |
| GRAYSCALE BITCOIN MINI TR ET | [BTC](https://holderbook.com/stocks/BTC/) | $21.2K | 816 | 0.0% | 6 |

## 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 | +6.2% | +14.8% | -8.6% | 100% |
| Q1 2026 | -0.3% | -4.6% | +4.3% | 100% |
| Q4 2025 | +0.3% | +2.4% | -2.1% | 100% |
| Q3 2025 | +4.0% | +7.8% | -3.8% | 99% |
| Q2 2025 | +4.1% | +10.5% | -6.3% | 101% |
| Q1 2025 | -0.2% | -4.6% | +4.3% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $190.5M | 122 |
| Q1 2026 | $192.4M | 134 |
| Q4 2025 | $191.0M | 136 |
| Q3 2025 | $177.4M | 130 |
| Q2 2025 | $157.0M | 148 |
| Q1 2025 | $142.0M | 156 |
| Q4 2024 | $123.5M | 160 |