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Keystone Financial Group, Inc. — 13F Holdings & Portfolio

CIK 2053642 · latest 13F-HR filed 2026-10-13

Backtest portfolio

Keystone Financial Group, Inc. manages $187.7M in 13F-reported U.S. long-equity assets across 117 reported positions as of its 2026-09-30 13F-HR filing. Its largest disclosed positions are DFAU (17.25%), VPLS (12.50%), DFAX (6.87%). Quarter over quarter (versus its 2026-06-30 filing) the fund opened 2 new positions and exited 7; 23 existing positions rose in reported value and 45 fell.

AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.

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AUM
$187.7M

Long-equity book

Holdings
117

Distinct positions

Period
2026-09-30

Filed 2026-10-13

Q/Q Activity
+2 / −7 / ↑23 / ↓45

vs 2026-06-30

Portfolio charts

Latest quarter's book, what changed, and how the portfolio has evolved across filings.

Portfolio map

Q3 26
DFAU17.3% · -0%VPLS12.5% · +8%DFAX6.9% · +29%SCHD6.7% · +1%VIG6.1% · -1%VSDM5.9% · +5%VCRM5.3% · +27%VIGI4.1% · -22%DFAC3.7% · +2%VSDB3.4% · +42%DFSD3.3% · -5%FBK2.7% · -26%INMU2.3% · -22%DFAW1.7% · +7%USRT1.6% · +11%ITOT1.4% · -0%VLUE1.2% · +0%ENFR1.2% · +760%IEFA0.9% · -0%EMLP0.7% · -59%IXUS0.7% · +5%VTI0.7% · -1%SPTM0.7% · +0%IJR0.6% · -0%SGOV0.6% · -55%TFC0.5% · -4%IEMG0.5% · 0%VTV0.5% · +0%NVDA0.4% · -0%MTUM0.4% · +0%VUG0.3% · +0%UCB0.3% · +0%MEAR0.3% · -46%USMV0.2% · +0%JNJ0.2% · +0%SCHY0.2% · +1%DFSU0.2% · +0%TRV0.2% · -1%MSFT0.2% · 0%AMGN0.2% · +0%BRK.B0.2% · -4%CSCO0.2% · -1%IUSG0.1% · +0%ABBV0.1% · +0%WEC0.1% · +11%SO0.1% · +0%IWF0.1% · +0%PFEB0.1% · -39%IUSV0.1% · +0%GS0.1% · +0%ATO0.1% · +0%TXN0.1% · +0%ICE0.1% · +24%IJH0.1% · 0%JAJL0.1% · 0%RBLD0.1% · -0%SUSL0.1% · 0%VNQ0.1% · -12%DFEM0.1% · +1%EMR0.1% · +0%

Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.

Sector mix

% of 13F value

Sectors from each company's SIC code; funds and ETFs grouped separately.

Biggest buys and sells

Q2 26 → Q3 26

Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.

13F assets and positions

4 quarters

Total reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.

Top positions over time

reported value

The eight largest current positions, valued at each quarter end.

Concentration

top 10 = 71.8%

Cumulative share of the portfolio held in the largest N positions.

Firm Profile & Key People

As of the firm’s regulatory filing dated Sep 29, 2026.

Assets Under Management
$2.34B
Discretionary
$2.32B
Employees
49
Accounts
6,628
Address
527 WELLINGTON WAY, STE 225
LEXINGTON, KY 40503
Phone
(859) 317-8316
Website
Name Title / Status Ownership Type
JENKINS, TOBIN, RAY ControlPARTNER AND CHIEF COMPLIANCE OFFICER
since Dec 2013
50–75%Individual
KRETZ, MICHAEL, WILLIAM ControlPARTNER
since Dec 2013
50–75%Individual
Ownership & leadership changes · 1 filing with changes since Feb 21, 2014

From the firm’s regulatory filings, newest first. Dates are filing dates: a filing that no longer lists someone does not say when they left.

Mar 13, 2026 filing
  • No longer listedJENKINS, TIMOTHY, S · PARTNER · 25–50% · control person · listed since Dec 2013
  • ChangedJENKINS, TOBIN, RAY · ownership 25–50% → 50–75%
  • ChangedKRETZ, MICHAEL, WILLIAM · ownership 25–50% → 50–75%
Feb 21, 2014 filing (earliest on record)
  • ListedJENKINS, TIMOTHY, S · PARTNER · 25–50% · control person
  • ListedJENKINS, TOBIN, RAY · PARTNER AND CHIEF COMPLIANCE OFFICER · 25–50% · control person
  • ListedKRETZ, MICHAEL, WILLIAM · PARTNER · 25–50% · control person

Quarter-over-quarter changes

Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.

Top Adds (vs prior quarter)

Show all 23 →

Top Trims

Show all 45 →

New Positions

Show all 2 →

Exited Positions

Show all 7 →

Keystone Financial Group, Inc. Holdings (2026-09-30)

Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).

# Issuer Symbol CUSIP Value Weight Shares Type
1 DIMENSIONAL ETF TRUST DFAU 25434V104 $32.4M 17.25% 618,578 SH
2 VANGUARD MALVERN FDS VPLS 922020755 $23.5M 12.50% 316,931 SH
3 DIMENSIONAL ETF TRUST DFAX 25434V880 $12.9M 6.87% 348,418 SH
4 SCHWAB STRATEGIC TR SCHD 808524797 $12.5M 6.67% 384,721 SH
5 VANGUARD SPECIALIZED FUNDS VIG 921908844 $11.4M 6.09% 48,961 SH
6 VANGUARD MUN BD FDS VSDM 922907696 $11.1M 5.90% 148,889 SH
7 VANGUARD MUN BD FDS VCRM 922907712 $9.9M 5.29% 138,762 SH
8 VANGUARD WHITEHALL FDS VIGI 921946810 $7.7M 4.12% 81,822 SH
9 DIMENSIONAL ETF TRUST DFAC 25434V708 $6.9M 3.70% 156,213 SH
10 VANGUARD MALVERN FDS VSDB 922020730 $6.4M 3.39% 85,323 SH
11 DIMENSIONAL ETF TRUST DFSD 25434V864 $6.2M 3.29% 132,733 SH
12 FB FINL CORP FBK 30257X104 $5.1M 2.73% 99,078 SH
13 BLACKROCK ETF TRUST II INMU 092528207 $4.4M 2.32% 190,432 SH
14 DIMENSIONAL ETF TRUST DFAW 25434V617 $3.1M 1.67% 38,173 SH
15 ISHARES TR USRT 464288521 $3.0M 1.60% 48,919 SH
16 ISHARES TR ITOT 464287150 $2.6M 1.36% 15,366 SH
17 ISHARES TR VLUE 46432F388 $2.2M 1.19% 11,288 SH
18 ALPS ETF TR ENFR 00162Q676 $2.2M 1.16% 59,196 SH
19 ISHARES TR IEFA 46432F842 $1.6M 0.87% 16,797 SH
20 FIRST TR EXCHANGE-TRADED FD EMLP 33738D101 $1.4M 0.74% 33,911 SH
21 ISHARES TR IXUS 46432F834 $1.3M 0.71% 14,053 SH
22 VANGUARD INDEX FDS VTI 922908769 $1.3M 0.71% 3,538 SH
23 SPDR SERIES TRUST SPTM 78464A805 $1.3M 0.68% 13,900 SH
24 ISHARES TR IJR 464287804 $1.1M 0.58% 7,960 SH
25 ISHARES TR SGOV 46436E718 $1.0M 0.56% 10,416 SH
26 TRUIST FINL CORP TFC 89832Q109 $984.7K 0.52% 21,269 SH
27 ISHARES INC IEMG 46434G103 $921.9K 0.49% 11,359 SH
28 VANGUARD INDEX FDS VTV 922908744 $884.2K 0.47% 4,092 SH
29 NVIDIA CORPORATION NVDA 67066G104 $793.5K 0.42% 3,470 SH
30 ISHARES TR MTUM 46432F396 $771.5K 0.41% 2,431 SH
31 VANGUARD INDEX FDS VUG 922908736 $648.8K 0.35% 7,200 SH
32 UNITED CMNTY BKS BLAIRSVLE G UCB 90984P303 $614.0K 0.33% 18,269 SH
33 ISHARES U S ETF TR MEAR 46431W838 $473.0K 0.25% 9,530 SH
34 ISHARES TR USMV 46429B697 $457.6K 0.24% 4,696 SH
35 JOHNSON & JOHNSON JNJ 478160104 $427.4K 0.23% 1,615 SH
36 SCHWAB STRATEGIC TR SCHY 808524672 $427.4K 0.23% 13,612 SH
37 DIMENSIONAL ETF TRUST DFSU 25434V716 $404.8K 0.22% 8,581 SH
38 TRAVELERS COMPANIES INC TRV 89417E109 $402.0K 0.21% 1,128 SH
39 MICROSOFT CORP MSFT 594918104 $400.3K 0.21% 780 SH
40 AMGEN INC AMGN 031162100 $388.0K 0.21% 920 SH
41 BERKSHIRE HATHAWAY INC DEL BRK.B 084670702 $348.1K 0.19% 699 SH
42 CISCO SYS INC CSCO 17275R102 $324.2K 0.17% 3,012 SH
43 ISHARES TR IUSG 464287671 $278.6K 0.15% 1,438 SH
44 ABBVIE INC ABBV 00287Y109 $274.1K 0.15% 1,048 SH
45 WEC ENERGY GROUP INC WEC 92939U106 $273.2K 0.15% 2,710 SH
46 SOUTHERN CO SO 842587107 $239.5K 0.13% 2,889 SH
47 ISHARES TR IWF 464287614 $226.9K 0.12% 1,811 SH
48 INNOVATOR ETFS TRUST PFEB 45782C417 $195.5K 0.10% 4,439 SH
49 ISHARES TR IUSV 464287663 $194.7K 0.10% 1,766 SH
50 GOLDMAN SACHS GROUP INC GS 38141G104 $185.8K 0.10% 206 SH
Filing History
Period Filed AUM Holdings Accession
2026-09-30 2026-10-13 $187.7M 117 0002053642-26-000005
2026-06-30 2026-07-21 $190.5M 122 0002053642-26-000003
2026-03-31 2026-04-21 $192.4M 134 0002053642-26-000002
2025-12-31 2026-01-16 $191.0M 136 0002053642-26-000001
Filer Information
Address
6849 PEACHTREE DUNWOODY RD
BLDG B2
ATLANTA, GA 30328
Phone
(770) 698-9816
Filing Manager
Keystone Financial Group, Inc.
ATLANTA, GA
Signatory
Andrew J. Gilbert
Chief Investment Officer