Keystone Services 13F annual report
Keystone Services is an investment fund managing more than $241 billion ran by Ben Rothwell. There are currently 60 companies in Mr. Rothwell’s portfolio. The largest investments include Ishares Tr and Blackrock Etf Trust, together worth $190 billion.
$241 billion Assets Under Management (AUM)
As of 16th July 2024, Keystone Services’s top holding is 1,668,983 shares of Ishares Tr currently worth over $172 billion and making up 71.6% of the portfolio value.
In addition, the fund holds 367,311 shares of Blackrock Etf Trust worth $17.5 billion.
The third-largest holding is Ishares Inc worth $11.4 billion and the next is Berkshire Hathaway worth $2.84 billion, with 6,981 shares owned.
Currently, Keystone Services's portfolio is worth at least $241 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 Services
The Keystone Services office and employees reside in Loveland, Colorado. According to the last 13-F report filed with the SEC, Ben Rothwell serves as the Compliance Director at Keystone Services.
Recent trades
In the most recent 13F filing, Keystone Services revealed that it had opened a new position in
Ishares Tr and bought 12,212 shares worth $542 million.
The investment fund also strengthened its position in Ishares Tr by buying
67,794 additional shares.
This makes their stake in Ishares Tr total 1,668,983 shares worth $172 billion.
On the other hand, there are companies that Keystone Services is getting rid of from its portfolio.
Keystone Services closed its position in Ishares Tr on 23rd July 2024.
It sold the previously owned 77,818 shares for $3.87 billion.
Ben Rothwell also disclosed a decreased stake in Meta Platforms Inc by approximately 0.1%.
This leaves the value of the investment at $1.92 billion and 3,806 shares.
One of the smallest hedge funds
The two most similar investment funds to Keystone Services are Eos Management, L.P. and Pl Capital Advisors. They manage $241 billion and $241 billion respectively.
Ben Rothwell investment strategy
Keystone Services’s portfolio is diversified across 11 sectors.
Currently, their heaviest sector is Technology — making up 3.6% of
the total portfolio value.
The fund focuses on investments in the United States as
51.7% 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
53% of the total holdings value.
On the other hand, small-cap stocks make up only 1.7% of the portfolio.
The average market cap of the portfolio companies is close to $252 billion.
The complete list of Keystone Services trades based on 13F SEC filings
These positions were updated on July 23rd 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 |
4.23%
1,668,983
|
$172,483,934,000 | 71.65% |
| Blackrock Etf Trust |
14.97%
367,311
|
$17,505,184,000 | 7.27% |
| Ishares Inc |
42.11%
206,551
|
$11,393,456,000 | 4.73% |
| Berkshire Hathaway Inc. |
5.90%
6,981
|
$2,839,708,000 | 1.18% |
| Blackrock Etf Trust Ii |
42.55%
38,049
|
$1,986,158,000 | 0.83% |
| Ishares Tr |
Closed
77,818
|
$3,870,059,000 | |
| Meta Platforms Inc |
0.05%
3,806
|
$1,919,016,000 | 0.80% |
| Alphabet Inc |
4.57%
12,323
|
$2,257,335,000 | 0.94% |
| JPMorgan Chase & Co. |
4.36%
7,998
|
$1,617,675,000 | 0.67% |
| Oracle Corp. |
9.40%
10,977
|
$1,549,913,000 | 0.64% |
| Booking Holdings Inc |
6.29%
372
|
$1,473,770,000 | 0.61% |
| Schwab Charles Corp |
9.51%
17,100
|
$1,260,133,000 | 0.52% |
| Microsoft Corporation |
14.91%
2,436
|
$1,088,630,000 | 0.45% |
| Wells Fargo Co New |
4.95%
17,966
|
$1,067,014,000 | 0.44% |
| Philip Morris International Inc |
9.85%
9,577
|
$970,459,000 | 0.40% |
| Comcast Corp New |
7.71%
23,516
|
$920,898,000 | 0.38% |
| Apple Inc |
No change
3,860
|
$813,084,000 | 0.34% |
| Carmax Inc |
11.15%
11,031
|
$808,999,000 | 0.34% |
| EBay Inc. |
4.32%
14,915
|
$801,210,000 | 0.33% |
| Vanguard Index Fds |
20.64%
5,311
|
$1,301,034,000 | 0.54% |
| Analog Devices Inc. |
9.33%
3,388
|
$773,399,000 | 0.32% |
| Visa Inc |
13.39%
2,836
|
$744,433,000 | 0.31% |
| Mckesson Corporation |
9.26%
1,263
|
$737,882,000 | 0.31% |
| Novartis AG |
8.79%
6,636
|
$706,444,000 | 0.29% |
| Elevance Health Inc |
13.97%
1,281
|
$694,295,000 | 0.29% |
| Becton Dickinson & Co. |
6.69%
2,823
|
$659,859,000 | 0.27% |
| Bank New York Mellon Corp |
5.85%
10,654
|
$638,086,000 | 0.27% |
| General Dynamics Corp. |
8.75%
2,126
|
$616,935,000 | 0.26% |
| Sanofi |
7.03%
12,713
|
$616,857,000 | 0.26% |
| Exxon Mobil Corp. |
9.34%
5,255
|
$604,934,000 | 0.25% |
| Unilever plc |
8.71%
10,696
|
$588,170,000 | 0.24% |
| Ishares Tr |
Opened
12,212
|
$541,724,000 | 0.23% |
| Spdr S&p 500 Etf Tr |
3.51%
907
|
$493,797,000 | 0.21% |
| Select Sector Spdr Tr |
No change
3,476
|
$667,083,000 | 0.28% |
| Medtronic Plc |
10.41%
5,644
|
$444,240,000 | 0.18% |
| Conocophillips |
17.28%
3,815
|
$436,369,000 | 0.18% |
| Bank America Corp |
8.19%
10,215
|
$406,234,000 | 0.17% |
| Qualcomm, Inc. |
7.75%
1,869
|
$372,268,000 | 0.15% |
| Ingredion Inc |
1.02%
3,208
|
$367,958,000 | 0.15% |
| Intel Corp. |
No change
11,781
|
$364,858,000 | 0.15% |
| Zebra Technologies Corporati |
29.52%
1,154
|
$356,506,000 | 0.15% |
| Omnicom Group, Inc. |
6.41%
3,783
|
$339,335,000 | 0.14% |
| RTX Corp |
4.50%
3,367
|
$337,964,000 | 0.14% |
| Lockheed Martin Corp. |
4.96%
720
|
$336,126,000 | 0.14% |
| Broadridge Finl Solutions In |
0.39%
1,560
|
$307,320,000 | 0.13% |
| Chevron Corp. |
2.06%
1,953
|
$305,534,000 | 0.13% |
| Fiserv, Inc. |
4.21%
1,979
|
$294,951,000 | 0.12% |
| Enbridge Inc |
Opened
7,775
|
$276,712,000 | 0.11% |
| Cigna Group (The) |
6.41%
817
|
$270,076,000 | 0.11% |
| Diamondback Energy Inc |
Closed
1,357
|
$268,917,000 | |
| Allegion plc |
1.21%
2,211
|
$261,230,000 | 0.11% |
| Amazon.com Inc. |
Opened
1,298
|
$250,839,000 | 0.10% |
| Wyndham Hotels & Resorts Inc |
2.46%
3,013
|
$222,962,000 | 0.09% |
| Netapp Inc |
Opened
1,725
|
$222,180,000 | 0.09% |
| CVS Health Corp |
3.16%
3,758
|
$221,947,000 | 0.09% |
| Charles Riv Labs Intl Inc |
0.09%
1,069
|
$220,834,000 | 0.09% |
| Taiwan Semiconductor Mfg Ltd |
Opened
1,257
|
$218,479,000 | 0.09% |
| Esab Corporation |
Closed
1,955
|
$216,131,000 | |
| Northern Tr Corp |
4.56%
2,478
|
$208,102,000 | 0.09% |
| Price T Rowe Group Inc |
0.79%
1,793
|
$206,774,000 | 0.09% |
| Park Hotels & Resorts Inc |
7.15%
10,047
|
$150,504,000 | 0.06% |
| Warner Bros. Discovery, Inc. |
Opened
14,513
|
$107,977,000 | 0.04% |
| Hanesbrands Inc |
0.20%
16,854
|
$83,090,000 | 0.03% |
| No transactions found | |||
| Showing first 500 out of 63 holdings | |||
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