Keystone Wealth Services 13F annual report

Keystone Wealth Services is an investment fund managing more than $312 billion ran by Shad Lamm. There are currently 116 companies in Mr. Lamm’s portfolio. The largest investments include Ishares Tr and Apple Inc, together worth $84.6 billion.

Limited to 30 biggest holdings

$312 billion Assets Under Management (AUM)

As of 5th July 2024, Keystone Wealth Services’s top holding is 498,616 shares of Ishares Tr currently worth over $69.6 billion and making up 22.3% of the portfolio value. In addition, the fund holds 71,138 shares of Apple Inc worth $15 billion, whose value grew 22.4% in the past six months. The third-largest holding is Microsoft worth $9.68 billion and the next is First Tr Exchng Traded Fd Vi worth $65.9 billion, with 1,637,982 shares owned.

Currently, Keystone Wealth Services's portfolio is worth at least $312 billion. The total portfolio value may be much higher due to cash assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.

Careers at Keystone Wealth Services

The Keystone Wealth Services office and employees reside in Palm Desert, California. According to the last 13-F report filed with the SEC, Shad Lamm serves as the Chief Compliance Officer at Keystone Wealth Services.

Recent trades

In the most recent 13F filing, Keystone Wealth Services revealed that it had opened a new position in Vanguard Bd Index Fds and bought 8,222 shares worth $592 million.

The investment fund also strengthened its position in Apple Inc by buying 1,039 additional shares. This makes their stake in Apple Inc total 71,138 shares worth $15 billion. Apple Inc soared 19.9% in the past year.

On the other hand, there are companies that Keystone Wealth Services is getting rid of from its portfolio. Keystone Wealth Services closed its position in Innovator ETFs Trust on 12th July 2024. It sold the previously owned 6,930 shares for $245 million. Shad Lamm also disclosed a decreased stake in Ishares Tr by approximately 0.1%. This leaves the value of the investment at $69.6 billion and 498,616 shares.

One of the smaller hedge funds

The two most similar investment funds to Keystone Wealth Services are Outlook Wealth Advisors and Morgan Dempsey Capital Management. They manage $312 billion and $312 billion respectively.


Shad Lamm investment strategy

Keystone Wealth Services’s portfolio is diversified across 11 sectors. Currently, their heaviest sector is Miscellaneous — making up 7.7% of the total portfolio value. The fund focuses on investments in the United States as 38.8% of the portfolio companies are based in the United States.

The majority of the companies in the fund’s portfolio are large-cap stocks. Stocks with a size of more than $10 billion in market cap make up 40% of the total holdings value. On the other hand, small-cap stocks make up only 3.4% of the portfolio. The average market cap of the portfolio companies is close to $224 billion.

The complete list of Keystone Wealth Services trades based on 13F SEC filings

These positions were updated on July 12th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.

Security Shares Owned Value Allocation
Ishares Tr
0.68%
498,616
$69,584,673,000 22.28%
Apple Inc
1.48%
71,138
$14,983,087,000 4.80%
Microsoft Corporation
2.72%
21,662
$9,681,682,000 3.10%
First Tr Exchng Traded Fd Vi
0.37%
1,637,982
$65,872,269,000 21.09%
Fidelity Merrimack Str Tr
2.36%
186,347
$8,372,583,000 2.68%
Spdr Sp 500 Etf Tr
1.10%
14,401
$7,837,317,000 2.51%
Conocophillips
0.57%
52,592
$6,015,439,000 1.93%
Exxon Mobil Corp.
10.58%
51,728
$5,954,924,000 1.91%
Vanguard Index Fds
3.88%
25,580
$8,565,375,000 2.74%
Innovator ETFs Trust
6.09%
513,180
$19,342,827,000 6.19%
Costco Whsl Corp New
0.42%
4,052
$3,444,235,000 1.10%
Amazon.com Inc.
2.41%
15,987
$3,089,471,000 0.99%
NVIDIA Corp
967.17%
24,609
$3,040,212,000 0.97%
First Tr Exchange-traded Fd
5.85%
123,019
$6,669,534,000 2.14%
Fidelity Covington Trust
14.76%
112,674
$4,209,953,000 1.35%
Vanguard Specialized Funds
9.40%
14,403
$2,629,340,000 0.84%
Phillips 66
0.07%
17,657
$2,492,689,000 0.80%
Trane Technologies plc
13.74%
7,538
$2,479,474,000 0.79%
First Tr Lrge Cp Core Alpha
4.26%
23,572
$2,286,248,000 0.73%
Wells Fargo Co New
0.01%
36,078
$2,142,664,000 0.69%
Berkshire Hathaway Inc.
2.03%
5,020
$2,042,136,000 0.65%
Invesco Exchange Traded Fd T
14.00%
74,534
$4,660,155,000 1.49%
Spdr Ser Tr
14.56%
229,397
$8,229,510,000 2.64%
Seagate Technology Hldngs Pl
6.10%
15,386
$1,588,912,000 0.51%
Schwab Strategic Tr
7.55%
70,275
$3,075,232,000 0.98%
First Trust Lrgcp Gwt Alphad
No change
10,780
$1,320,836,000 0.42%
Alphabet Inc
1.10%
9,508
$1,735,021,000 0.56%
Tesla Inc
0.82%
5,993
$1,185,857,000 0.38%
Spdr Index Shs Fds
2.10%
31,559
$1,107,097,000 0.35%
Jpmorgan Chase Co.
23.72%
5,309
$1,073,810,000 0.34%
Advanced Micro Devices Inc.
76.21%
6,236
$1,011,542,000 0.32%
Abbvie Inc
0.97%
5,519
$946,632,000 0.30%
First Tr Mid Cap Core Alphad
1.10%
8,472
$919,425,000 0.29%
Visa Inc
4.75%
3,388
$889,314,000 0.28%
First Tr Lrg Cp Vl Alphadex
9.45%
12,078
$888,947,000 0.28%
Meta Platforms Inc
4.68%
1,700
$857,101,000 0.27%
Home Depot, Inc.
32.93%
2,398
$825,600,000 0.26%
Ingersoll Rand Inc.
1.30%
9,045
$821,648,000 0.26%
Philip Morris International Inc
0.81%
7,752
$785,490,000 0.25%
Starbucks Corp.
2.23%
10,021
$780,148,000 0.25%
Johnson Johnson
9.39%
5,267
$769,886,000 0.25%
Disney Walt Co
0.03%
7,598
$754,397,000 0.24%
AMGEN Inc.
0.22%
2,306
$720,400,000 0.23%
Eli Lilly Co
19.26%
774
$700,496,000 0.22%
AXT Inc
4.30%
202,223
$683,514,000 0.22%
Goldman Sachs Etf Tr
12.76%
6,291
$629,581,000 0.20%
Parker-Hannifin Corp.
0.24%
1,243
$628,812,000 0.20%
Vanguard Whitehall Fds
3.40%
5,092
$603,923,000 0.19%
Vanguard Bd Index Fds
Opened
8,222
$592,404,000 0.19%
First Tr Sml Cp Core Alpha F
1.55%
6,335
$573,064,000 0.18%
First Tr Nas100 Eq Weighted
No change
4,593
$566,227,000 0.18%
Independence Rlty Tr Inc
No change
30,166
$565,311,000 0.18%
California BanCorp
No change
26,250
$564,375,000 0.18%
First Tr Exchng Traded Fd Vi
Opened
27,464
$552,232,000 0.18%
Altria Group Inc.
0.24%
11,947
$544,175,000 0.17%
First Tr Nasdaq 100 Tech Ind
No change
2,681
$529,390,000 0.17%
First Tr Value Line Divid In
4.53%
12,613
$513,992,000 0.16%
Qualcomm, Inc.
3.54%
2,531
$504,181,000 0.16%
Abbott Labs
2.81%
4,710
$489,402,000 0.16%
Caterpillar Inc.
116.59%
1,449
$482,503,000 0.15%
Intuit Inc
No change
729
$479,107,000 0.15%
Mcdonalds Corp
3.59%
1,759
$448,197,000 0.14%
Walmart Inc
5.59%
6,575
$445,191,000 0.14%
Target Corp
0.50%
2,990
$442,666,000 0.14%
Allegion plc
No change
3,526
$416,597,000 0.13%
Pimco Etf Tr
No change
8,589
$798,437,000 0.26%
Dimensional Etf Trust
No change
12,697
$409,351,000 0.13%
Coinbase Global Inc
No change
1,792
$398,236,000 0.13%
Spdr Dow Jones Indl Average
16.43%
1,017
$397,779,000 0.13%
Select Sector Spdr Tr
5.74%
5,630
$618,826,000 0.20%
Peakstone Realty Trust
14.37%
36,196
$383,680,000 0.12%
Pepsico Inc
2.09%
2,243
$369,871,000 0.12%
Procter And Gamble Co
0.31%
2,242
$369,732,000 0.12%
Innovator ETFs Trust
Opened
10,228
$354,502,000 0.11%
Marriott Intl Inc New
Opened
1,464
$353,871,000 0.11%
Vanguard Calif Tax Free Fds
Opened
3,515
$349,430,000 0.11%
Shopify Inc
Opened
4,888
$322,852,000 0.10%
Mondelez International Inc.
0.61%
4,933
$322,839,000 0.10%
Schwab Strategic Tr
Opened
4,004
$311,348,000 0.10%
Cardinal Health, Inc.
4.33%
3,157
$310,369,000 0.10%
First Tr Exchange-traded Alp
No change
4,198
$308,889,000 0.10%
Danaher Corp.
No change
1,226
$306,318,000 0.10%
Boeing Co.
1.82%
1,679
$305,595,000 0.10%
Cummins Inc.
2.82%
1,070
$296,354,000 0.09%
Iron Mtn Inc Del
No change
3,258
$291,982,000 0.09%
MGM Resorts International
Opened
6,558
$291,438,000 0.09%
Lam Research Corp.
8.03%
269
$286,045,000 0.09%
Pfizer Inc.
1.47%
9,967
$278,884,000 0.09%
Blackrock Munihldngs Cali Ql
No change
24,532
$272,305,000 0.09%
Bristol-Myers Squibb Co.
0.11%
6,506
$270,204,000 0.09%
Oracle Corp.
5.14%
1,883
$265,930,000 0.09%
General Mls Inc
0.41%
4,143
$262,070,000 0.08%
Micron Technology Inc.
Opened
1,984
$260,930,000 0.08%
BP plc
No change
7,227
$260,902,000 0.08%
Sysco Corp.
Opened
3,570
$254,862,000 0.08%
J P Morgan Exchange Traded F
1.56%
4,484
$254,173,000 0.08%
Schwab Charles Corp
0.23%
3,442
$253,662,000 0.08%
Coca-Cola Co
1.56%
3,969
$252,645,000 0.08%
Chevron Corp.
0.57%
1,581
$247,310,000 0.08%
Innovator ETFs Trust
Closed
6,930
$245,114,000
Suncor Energy, Inc.
Opened
6,418
$244,526,000 0.08%
Lauder Estee Cos Inc
Closed
1,580
$243,576,000
Cameco Corp.
Opened
4,829
$237,587,000 0.08%
Cenovus Energy Inc
Opened
11,980
$235,527,000 0.08%
Quaker Houghton
No change
1,369
$232,368,000 0.07%
Delta Air Lines, Inc.
Opened
4,854
$230,264,000 0.07%
First Tr Exch Traded Fd Iii
No change
21,575
$402,257,000 0.13%
Broadcom Inc.
11.95%
140
$225,169,000 0.07%
Ishares Tr
Closed
6,210
$426,472,000
Waste Mgmt Inc Del
0.20%
1,017
$217,021,000 0.07%
Vanguard World Fd
Opened
375
$216,221,000 0.07%
Realty Income Corp.
1.07%
4,056
$214,230,000 0.07%
Merck Co Inc
6.08%
1,692
$209,456,000 0.07%
Ishares Tr
Opened
4,790
$204,006,000 0.07%
Lowes Cos Inc
Closed
789
$200,961,000
Att Inc
Closed
10,298
$181,241,000
Sprott Physical Silver Tr
No change
17,650
$175,265,000 0.06%
Nuveen Quality Muncp Income
No change
12,654
$148,558,000 0.05%
Highland Opportunities
1.83%
18,542
$115,890,000 0.04%
Taseko Mines Ltd.
Opened
15,000
$36,750,000 0.01%
Northern Dynasty Minerals Lt
No change
21,250
$6,598,000 0.00%
No transactions found
Showing first 500 out of 121 holdings