DOSSIER · 13F-HR · Q2 2026

Keystone Wealth Services, LLC

$539M in tracked AUM across 327 positions as of Q2 2026.

KW
CIK 0001866189 · last filed Jun 30, 2026
Total AUM
$539M
as of Q2 2026
Holdings
327
—
positions
Whale Score
50
50
tracked
Activity
—
no data
changes this Q
AI Analysis · Q2 2026

Keystone Wealth Services completed one of the largest single-quarter ETF rotations in the dataset: the fund closed its entire $55 million First Trust RSSE position and replaced it with a dozen smaller First Trust sleeves, while simultaneously building its energy weights. Chevron, ConocoPhillips, Exxon, and Phillips 66 all moved up the ranking, even as Apple, Nvidia, and Amazon were trimmed.

Keystone Wealth Services runs a $468 million mandate built around iShares, Vanguard, SPDR, and a heavy First Trust ETF overlay. The first quarter of 2026 was dominated by a single structural change: the fund closed its entire $55 million First Trust RSSE position — previously its third-largest holding — and redistributed the capital across a dozen smaller First Trust sleeves, while also adding energy names and trimming its largest single-stock weights.

The RSSE exit was the largest dollar move of the quarter. Joining it out the door were First Trust’s PMAY, XNTK, QJUN, FAD, GJUN, BUFY, DOCT, and FNDC sleeves — together the fund eliminated ten First Trust positions that had previously accounted for roughly $100 million of assets. In their place, the fund opened twelve new First Trust entries: FJUN, FMAY, FMAR, FSEP, BUFR, FFEB, FJUL, FDEC, and others, most of them structured as defined-outcome or short-duration equity products. The rotation was not a mandate change — it was a product-migration within the same issuer.

Analysis generated by 13F Insight from SEC Form 13F filing data · Q2 2026. Methodology

Quarter at a glance — Q2 2026

Position-change comparison pending.

No quarter-over-quarter changes available.

Top 10 holdings

By portfolio weight as of Q2 2026.

#HoldingValueSharesWeight
01
IVV
ISHARES TR
$31M41K5.8%
02
AAPL
APPLE INC
$22M75K4.1%
03
QQQ
INVESCO QQQ TR
$17M22K3.1%
04
NVDA
NVIDIA CORPORATION
$15M76K2.8%
05
SPY
STATE STR SPDR S&P 500 ETF T
$12M16K2.2%
06
G7997R103
SEAGATE TECHNOLOGY HLDNGS PL
$11M11K2.0%
07
FJUN
FIRST TR EXCHNG TRADED FD VI
$11M177K2.0%
08
MSFT
MICROSOFT CORP
$10M27K1.9%
09
FBCG
FIDELITY COVINGTON TRUST
$10M160K1.8%
10
FMAY
FIRST TR EXCHNG TRADED FD VI
$9M166K1.7%

Filing history

2026Q2Jun 30
$539M▲ 15.2%
327 positionsView →
2026Q1Mar 31
$468M▼ 1.5%
294 positionsView →
2025Q4Dec 31
$475M▲ 84.4%
298 positionsView →
2025Q3Sep 30
$257M▲ 6.4%
179 positionsLocked
2025Q2Jun 30
$242M▲ 13.9%
169 positionsLocked
2025Q1Mar 31
$212M▼ 43.8%
158 positionsLocked
2024Q4Dec 31
$378M▲ 4.5%
257 positionsLocked
2024Q3Sep 30
$362M▲ 12.5%
253 positionsLocked
2024Q2Jun 30
$321M▲ 4.4%
231 positionsLocked
2024Q1Mar 31
$308M▲ 5.5%
220 positionsLocked
2023Q4Dec 31
$292M▲ 10.8%
217 positionsLocked
2023Q3Sep 30
$263M▼ 1.6%
202 positionsLocked
Showing 12 of 19