13F HOLDINGS REPORT
WALTER & KEENAN WEALTH MANAGEMENT LLC /IN/ /ADV
Quarter ended Q2 2025 · Filed August 11, 2025 · Accession 0000752365-25-000004
Total Value
$344.1M
Positions
152
Other Managers
0
Confidential Omitted
No
Holdings (152)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | MICROSOFT CORP COM | MSFT | 39,300 | $19.5M | 5.68% |
| 2 | APPLE INC COM | AAPL | 90,805 | $18.6M | 5.41% |
| 3 | ELI LILLY & CO COM | LLY | 22,294 | $17.4M | 5.05% |
| 4 | JPMORGAN CHASE & CO. COM | VYLD | 43,172 | $12.5M | 3.64% |
| 5 | ALPHABET INC CAP STK CL C | GOOG | 70,392 | $12.5M | 3.63% |
| 6 | BERKSHIRE HATHAWAY INC DEL CL B NEW | BRK-A | 23,966 | $11.6M | 3.38% |
| 7 | VANGUARD TOTAL STOCK MARKET ETF | 922908769 | 28,875 | $8.8M | 2.55% |
| 8 | WALMART INC COM | WMT | 88,796 | $8.7M | 2.52% |
| 9 | VANGUARD DIVIDEND APPRECIATION ETF | 921908844 | 38,799 | $7.9M | 2.31% |
| 10 | SCHWAB U.S. BROAD MARKET ETF | 808524102 | 317,485 | $7.6M | 2.20% |
| 11 | VANGUARD TOTAL WORLD STOCK ETF | 922042742 | 56,220 | $7.2M | 2.10% |
| 12 | VISA INC COM CL A | V | 19,209 | $6.8M | 1.98% |
| 13 | BERKSHIRE HATHAWAY INC DEL CL A | BRK-A | 9 | $6.6M | 1.91% |
| 14 | CISCO SYS INC COM | CSCO | 93,509 | $6.5M | 1.89% |
| 15 | JOHNSON & JOHNSON COM | JNJ | 38,763 | $5.9M | 1.72% |
| 16 | NVIDIA CORPORATION COM | NVDA | 35,423 | $5.6M | 1.63% |
| 17 | PROCTER AND GAMBLE CO COM | 742718109 | 33,926 | $5.4M | 1.57% |
| 18 | ALPHABET INC CAP STK CL A | GOOG | 30,442 | $5.4M | 1.56% |
| 19 | VANGUARD S&P 500 ETF | 922908363 | 9,300 | $5.3M | 1.54% |
| 20 | VANGUARD HIGH DIVIDEND YIELD INDEX ETF | 921946406 | 39,245 | $5.2M | 1.52% |
| 21 | NORTHERN TR CORP COM | NTRSO | 38,543 | $4.9M | 1.42% |
| 22 | ABBVIE INC COM | ABBV | 25,730 | $4.8M | 1.39% |
| 23 | COINBASE GLOBAL INC COM CL A | COIN | 12,695 | $4.4M | 1.29% |
| 24 | JPMORGAN EQUITY PREMIUM INCOME ETF | 46641Q332 | 72,262 | $4.1M | 1.19% |
| 25 | RTX CORPORATION COM | RTX | 27,119 | $4.0M | 1.15% |
| 26 | DIMENSIONAL U.S. TARGETED VALUE ETF | 25434V609 | 68,798 | $3.7M | 1.08% |
| 27 | AMAZON COM INC COM | AMZN | 16,735 | $3.7M | 1.07% |
| 28 | HOME DEPOT INC COM | HD | 9,701 | $3.6M | 1.03% |
| 29 | VANGUARD GROWTH ETF | 922908736 | 8,076 | $3.5M | 1.03% |
| 30 | ORACLE CORP COM | ORCL-PD | 15,545 | $3.4M | 0.99% |
| 31 | SCHWAB US DIVIDEND EQUITY ETF | 808524797 | 111,265 | $2.9M | 0.86% |
| 32 | VANGUARD VALUE ETF | 922908744 | 16,367 | $2.9M | 0.84% |
| 33 | TEXAS INSTRS INC COM | 882508104 | 13,665 | $2.8M | 0.82% |
| 34 | AMGEN INC COM | AMGN | 10,111 | $2.8M | 0.82% |
| 35 | EXXON MOBIL CORP COM | XOM | 25,834 | $2.8M | 0.81% |
| 36 | PALANTIR TECHNOLOGIES INC CL A | PLTR | 20,278 | $2.8M | 0.80% |
| 37 | COCA COLA CO COM | KO | 38,675 | $2.7M | 0.80% |
| 38 | MERCK & CO INC COM | MRK | 34,168 | $2.7M | 0.79% |
| 39 | COSTCO WHSL CORP NEW COM | 22160K105 | 2,610 | $2.6M | 0.75% |
| 40 | META PLATFORMS INC CL A | META | 3,389 | $2.5M | 0.73% |
| 41 | ACCENTURE PLC IRELAND SHS CLASS A | ACN | 8,163 | $2.4M | 0.71% |
| 42 | AMERICAN EXPRESS CO COM | AXP | 7,415 | $2.4M | 0.69% |
| 43 | CSW INDUSTRIALS INC COM | CSW | 8,000 | $2.3M | 0.67% |
| 44 | MEDTRONIC PLC SHS | MDT | 25,881 | $2.3M | 0.66% |
| 45 | DIMENSIONAL U.S. SMALL CAP ETF | 25434V500 | 34,981 | $2.2M | 0.65% |
| 46 | PEPSICO INC COM | PEP | 16,835 | $2.2M | 0.65% |
| 47 | WELLS FARGO CO NEW COM | 949746101 | 27,339 | $2.2M | 0.64% |
| 48 | BLACKROCK MUN TARGET TERM TR COM SHS BEN IN | BLK | 92,751 | $2.0M | 0.59% |
| 49 | VANGUARD INTERNATIONAL HIGH DIVIDEND YIELD ETF | 921946794 | 24,668 | $2.0M | 0.57% |
| 50 | VANGUARD SMALL-CAP GROWTH ETF | 922908595 | 6,634 | $1.8M | 0.53% |
| 51 | SCHWAB INTERNATIONAL EQUITY ETF | 808524805 | 82,030 | $1.8M | 0.53% |
| 52 | KKR & CO INC COM | KKRT | 13,312 | $1.8M | 0.51% |
| 53 | ILLINOIS TOOL WKS INC COM | 452308109 | 6,900 | $1.7M | 0.50% |
| 54 | ISHARES MSCI EMERGING MARKETS EX CHINA ETF | 46434G764 | 26,367 | $1.7M | 0.48% |
| 55 | BLACKSTONE INC COM | BX | 10,745 | $1.6M | 0.47% |
| 56 | NEXTERA ENERGY INC COM | NEE-PW | 21,397 | $1.5M | 0.43% |
| 57 | DICKS SPORTING GOODS INC COM | 253393102 | 7,509 | $1.5M | 0.43% |
| 58 | MASTERCARD INCORPORATED CL A | MA | 2,536 | $1.4M | 0.41% |
| 59 | BLACKSTONE SECD LENDING FD COMMON STOCK | BX | 43,716 | $1.3M | 0.39% |
| 60 | SCHWAB CHARLES CORP COM | SCHW-PJ | 14,433 | $1.3M | 0.38% |
| 61 | ABBOTT LABS COM | ABLZF | 9,208 | $1.3M | 0.36% |
| 62 | SS&C TECHNOLOGIES HLDGS INC COM | SSNC | 15,079 | $1.2M | 0.36% |
| 63 | CHUBB LIMITED COM | CB | 4,233 | $1.2M | 0.36% |
| 64 | BROOKFIELD CORP CL A LTD VT SH | 11271J107 | 19,460 | $1.2M | 0.35% |
| 65 | BROADCOM INC COM | AVGO | 4,215 | $1.2M | 0.34% |
| 66 | COMCAST CORP NEW CL A | CCZ | 31,659 | $1.1M | 0.33% |
| 67 | UNITEDHEALTH GROUP INC COM | UNH | 3,594 | $1.1M | 0.33% |
| 68 | PHILIP MORRIS INTL INC COM | 718172109 | 6,051 | $1.1M | 0.32% |
| 69 | MCDONALDS CORP COM | MCD | 3,715 | $1.1M | 0.32% |
| 70 | PFIZER INC COM | PFE | 44,725 | $1.1M | 0.32% |
| 71 | VANGUARD INTERNATIONAL DIVIDEND APPRECIATION ETF | 921946810 | 11,760 | $1.1M | 0.31% |
| 72 | DISNEY WALT CO COM | 254687106 | 8,501 | $1.1M | 0.31% |
| 73 | VERIZON COMMUNICATIONS INC COM | VZ | 24,291 | $1.1M | 0.31% |
| 74 | ISHARES CORE U.S. REIT ETF | 464288521 | 18,024 | $1.0M | 0.30% |
| 75 | KINDER MORGAN INC DEL COM | EP-PC | 34,674 | $1.0M | 0.30% |
| 76 | SOUTHERN CO COM | SOMN | 10,945 | $1.0M | 0.29% |
| 77 | DANAHER CORPORATION COM | 235851102 | 4,920 | $971,897 | 0.28% |
| 78 | MOODYS CORP COM | MCO | 1,900 | $953,021 | 0.28% |
| 79 | 3M CO COM | MMM | 5,984 | $911,004 | 0.26% |
| 80 | INTERNATIONAL BUSINESS MACHS COM | INTR | 3,012 | $887,807 | 0.26% |
| 81 | AMERICAN ELEC PWR CO INC COM | 025537101 | 8,456 | $877,360 | 0.25% |
| 82 | DIGITAL RLTY TR INC COM | 253868103 | 4,957 | $864,211 | 0.25% |
| 83 | ISHARES CORE S&P 500 ETF | 464287200 | 1,369 | $849,799 | 0.25% |
| 84 | INVESCO VARIABLE RATE PREFERRED ETF | IVZ | 33,526 | $819,713 | 0.24% |
| 85 | AMPHENOL CORP NEW CL A | 032095101 | 8,175 | $807,281 | 0.23% |
| 86 | WASTE MGMT INC DEL COM | 94106L109 | 3,464 | $792,632 | 0.23% |
| 87 | ALTRIA GROUP INC COM | MO | 13,422 | $786,932 | 0.23% |
| 88 | CHEVRON CORP NEW COM | CVX | 5,431 | $777,665 | 0.23% |
| 89 | CATERPILLAR INC COM | CAT | 1,990 | $772,538 | 0.22% |
| 90 | DIMENSIONAL INTERNATIONAL CORE EQUITY MARKET ETF | 25434V203 | 22,056 | $762,478 | 0.22% |
| 91 | 1ST SOURCE CORP COM | SRCE | 11,554 | $717,157 | 0.21% |
| 92 | LOCKHEED MARTIN CORP COM | LMT | 1,511 | $699,831 | 0.20% |
| 93 | SCHWAB US TIPS ETF | 808524870 | 26,150 | $697,674 | 0.20% |
| 94 | EATON VANCE MUN INCOME 2028 TE SHS | ETN | 38,075 | $685,731 | 0.20% |
| 95 | TESLA INC COM | TSLA | 2,150 | $682,969 | 0.20% |
| 96 | UNITY SOFTWARE INC COM | U | 27,457 | $664,459 | 0.19% |
| 97 | FIFTH THIRD BANCORP COM | FITBM | 16,087 | $661,658 | 0.19% |
| 98 | XPO INC COM | XPO | 5,194 | $655,950 | 0.19% |
| 99 | VEEVA SYS INC CL A COM | VEEV | 1,979 | $569,912 | 0.17% |
| 100 | STARBUCKS CORP COM | SBUX | 6,115 | $560,317 | 0.16% |
| 101 | MARSH & MCLENNAN COS INC COM | 571748102 | 2,552 | $557,969 | 0.16% |
| 102 | PIMCO MULTISECTOR BOND ACTIVE EXCHANGE-TRADED FUND | 72201R585 | 20,919 | $555,201 | 0.16% |
| 103 | INTERCONTINENTAL EXCHANGE INC COM | 45866F104 | 3,024 | $554,813 | 0.16% |
| 104 | VANGUARD SMALL-CAP ETF | 922908751 | 2,271 | $538,118 | 0.16% |
| 105 | AT&T INC COM | T-PC | 18,135 | $524,840 | 0.15% |
| 106 | BLACKROCK INC COM | BLK | 493 | $517,280 | 0.15% |
| 107 | GENERAL DYNAMICS CORP COM | GD | 1,762 | $514,045 | 0.15% |
| 108 | ENTERPRISE PRODS PARTNERS L P COM | 293792107 | 16,048 | $497,648 | 0.14% |
| 109 | NUVEEN MUNICIPAL CREDIT INC FD COM SH BEN INT | NU | 40,742 | $485,645 | 0.14% |
| 110 | ISHARES 0-5 YEAR TIPS BOND ETF | 46429B747 | 4,692 | $482,889 | 0.14% |
| 111 | FEDEX CORP COM | FDX | 2,027 | $460,757 | 0.13% |
| 112 | GOLDMAN SACHS GROUP INC COM | GSCE | 618 | $437,676 | 0.13% |
| 113 | BANK AMERICA CORP COM | 060505104 | 8,763 | $414,665 | 0.12% |
| 114 | INTEL CORP COM | INTC | 18,504 | $414,490 | 0.12% |
| 115 | VANGUARD SMALL CAP VALUE ETF | 922908611 | 2,122 | $413,897 | 0.12% |
| 116 | NETFLIX INC COM | NFLX | 295 | $395,043 | 0.11% |
| 117 | AIR PRODS & CHEMS INC COM | AIIR | 1,393 | $392,910 | 0.11% |
| 118 | INTUITIVE SURGICAL INC COM NEW | ISRG | 719 | $390,712 | 0.11% |
| 119 | DUKE ENERGY CORP NEW COM NEW | DUKB | 3,217 | $379,616 | 0.11% |
| 120 | VANGUARD TOTAL INTERNATIONAL STOCK ETF | 921909768 | 5,443 | $376,047 | 0.11% |
| 121 | DIMENSIONAL EMERGING CORE EQUITY MARKET ETF | 25434V302 | 12,892 | $373,214 | 0.11% |
| 122 | THERMO FISHER SCIENTIFIC INC COM | TMO | 916 | $371,401 | 0.11% |
| 123 | SPDR PORTFOLIO S&P 500 HIGH DIVIDEND ETF | 78468R788 | 8,227 | $349,154 | 0.10% |
| 124 | BRISTOL-MYERS SQUIBB CO COM | CELG-RI | 7,530 | $348,544 | 0.10% |
| 125 | NORTHROP GRUMMAN CORP COM | NOC | 638 | $318,951 | 0.09% |
| 126 | WELLTOWER INC COM | WELL | 2,039 | $313,455 | 0.09% |
| 127 | TE CONNECTIVITY PLC ORD SHS | TEL | 1,854 | $312,714 | 0.09% |
| 128 | INTUIT COM | INTU | 397 | $312,689 | 0.09% |
| 129 | NOVARTIS AG SPONSORED ADR | NVSEF | 2,550 | $308,576 | 0.09% |
| 130 | JPMORGAN HEDGED EQUITY LADDERED OVERLAY ETF | 46654Q724 | 4,830 | $302,261 | 0.09% |
| 131 | EMERSON ELEC CO COM | EMR | 2,131 | $284,126 | 0.08% |
| 132 | CVS HEALTH CORP COM | CVS | 4,102 | $282,956 | 0.08% |
| 133 | VANGUARD SHORT-TERM TAX EXEMPT BOND ETF | 921935870 | 2,750 | $277,558 | 0.08% |
| 134 | VANGUARD TOTAL BOND MARKET ETF | 921937835 | 3,763 | $277,070 | 0.08% |
| 135 | GXO LOGISTICS INCORPORATED COMMON STOCK | GXO | 5,564 | $270,967 | 0.08% |
| 136 | ISHARES CORE 1-5 YEAR USD BOND ETF | 46432F859 | 5,540 | $269,521 | 0.08% |
| 137 | SCHWAB EMERGING MARKETS EQUITY ETF | 808524706 | 8,849 | $266,714 | 0.08% |
| 138 | PAYPAL HLDGS INC COM | PYPL | 3,548 | $263,687 | 0.08% |
| 139 | LINDE PLC SHS | LIN | 531 | $249,135 | 0.07% |
| 140 | COLGATE PALMOLIVE CO COM | CL | 2,681 | $243,702 | 0.07% |
| 141 | UBER TECHNOLOGIES INC COM | UBER | 2,575 | $240,248 | 0.07% |
| 142 | VANGUARD FTSE EMERGING MARKETS ETF | 922042858 | 4,727 | $233,810 | 0.07% |
| 143 | NIKE INC CL B | NKE | 3,271 | $232,372 | 0.07% |
| 144 | HEALTH CARE SELECT SECTOR SPDR FUND | 81369Y209 | 1,700 | $229,143 | 0.07% |
| 145 | ISHARES CORE DIVIDEND ETF | 46435U861 | 4,500 | $226,440 | 0.07% |
| 146 | ENBRIDGE INC COM | ENNPF | 4,760 | $215,723 | 0.06% |
| 147 | VANGUARD SHORT-TERM INFLATION-PROTECTED SECURITIES ETF | 922020805 | 4,234 | $212,843 | 0.06% |
| 148 | QUALCOMM INC COM | QCOM | 1,322 | $210,542 | 0.06% |
| 149 | CADENCE DESIGN SYSTEM INC COM | CDNS | 669 | $206,152 | 0.06% |
| 150 | BOOKING HOLDINGS INC COM | BKNG | 35 | $202,623 | 0.06% |
| 151 | SERVICENOW INC COM | NOW | 195 | $200,476 | 0.06% |
| 152 | LUCID GROUP INC COM | LCID | 11,446 | $24,151 | 0.01% |