13F HOLDINGS REPORT
WALTER & KEENAN WEALTH MANAGEMENT LLC /IN/ /ADV
Quarter ended Q3 2025 · Filed November 13, 2025 · Accession 0000752365-25-000009
Total Value
$360.5M
Positions
153
Other Managers
0
Confidential Omitted
No
Holdings (153)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | APPLE INC COM | AAPL | 91,057 | $23.2M | 6.43% |
| 2 | MICROSOFT CORP COM | MSFT | 38,534 | $20.0M | 5.54% |
| 3 | ELI LILLY & CO COM | LLY | 22,538 | $17.2M | 4.77% |
| 4 | ALPHABET INC CAP STK CL C | GOOG | 61,606 | $15.0M | 4.16% |
| 5 | JPMORGAN CHASE & CO. COM | VYLD | 39,872 | $12.6M | 3.49% |
| 6 | BERKSHIRE HATHAWAY INC DEL CL B NEW | BRK-A | 23,729 | $11.9M | 3.31% |
| 7 | VANGUARD TOTAL STOCK MARKET ETF | 922908769 | 30,785 | $10.1M | 2.80% |
| 8 | VANGUARD DIVIDEND APPRECIATION ETF | 921908844 | 41,573 | $9.0M | 2.49% |
| 9 | WALMART INC COM | WMT | 85,860 | $8.8M | 2.45% |
| 10 | SCHWAB U.S. BROAD MARKET ETF | 808524102 | 331,377 | $8.5M | 2.36% |
| 11 | VANGUARD TOTAL WORLD STOCK ETF | 922042742 | 54,300 | $7.5M | 2.08% |
| 12 | ALPHABET INC CAP STK CL A | GOOG | 30,540 | $7.4M | 2.06% |
| 13 | VISA INC COM CL A | V | 19,135 | $6.5M | 1.81% |
| 14 | JOHNSON & JOHNSON COM | JNJ | 34,734 | $6.4M | 1.79% |
| 15 | CISCO SYS INC COM | CSCO | 93,426 | $6.4M | 1.77% |
| 16 | NVIDIA CORPORATION COM | NVDA | 32,622 | $6.1M | 1.69% |
| 17 | BERKSHIRE HATHAWAY INC DEL CL A | BRK-A | 8 | $6.0M | 1.67% |
| 18 | VANGUARD S&P 500 ETF | 922908363 | 9,694 | $5.9M | 1.65% |
| 19 | ABBVIE INC COM | ABBV | 24,662 | $5.7M | 1.58% |
| 20 | VANGUARD HIGH DIVIDEND YIELD INDEX ETF | 921946406 | 39,194 | $5.5M | 1.53% |
| 21 | PROCTER AND GAMBLE CO COM | 742718109 | 30,539 | $4.7M | 1.30% |
| 22 | NORTHERN TR CORP COM | NTRSO | 34,786 | $4.7M | 1.30% |
| 23 | RTX CORPORATION COM | RTX | 27,168 | $4.5M | 1.26% |
| 24 | ORACLE CORP COM | ORCL-PD | 15,713 | $4.4M | 1.23% |
| 25 | DIMENSIONAL U.S. TARGETED VALUE ETF | 25434V609 | 67,784 | $3.9M | 1.09% |
| 26 | HOME DEPOT INC COM | HD | 9,717 | $3.9M | 1.09% |
| 27 | VANGUARD GROWTH ETF | 922908736 | 8,075 | $3.9M | 1.07% |
| 28 | COINBASE GLOBAL INC COM CL A | COIN | 11,327 | $3.8M | 1.06% |
| 29 | AMAZON COM INC COM | AMZN | 16,865 | $3.7M | 1.03% |
| 30 | PALANTIR TECHNOLOGIES INC CL A | PLTR | 19,903 | $3.6M | 1.01% |
| 31 | JPMORGAN EQUITY PREMIUM INCOME ETF | 46641Q332 | 59,890 | $3.4M | 0.95% |
| 32 | VANGUARD VALUE ETF | 922908744 | 16,344 | $3.0M | 0.85% |
| 33 | EXXON MOBIL CORP COM | XOM | 25,477 | $2.9M | 0.80% |
| 34 | SCHWAB US DIVIDEND EQUITY ETF | 808524797 | 103,404 | $2.8M | 0.78% |
| 35 | AMGEN INC COM | AMGN | 9,980 | $2.8M | 0.78% |
| 36 | ISHARES MSCI INTL QUALITY FACTOR ETF | 46434V456 | 58,233 | $2.6M | 0.71% |
| 37 | COCA COLA CO COM | KO | 38,475 | $2.6M | 0.71% |
| 38 | META PLATFORMS INC CL A | META | 3,403 | $2.5M | 0.69% |
| 39 | MERCK & CO INC COM | MRK | 29,766 | $2.5M | 0.69% |
| 40 | AMERICAN EXPRESS CO COM | AXP | 7,505 | $2.5M | 0.69% |
| 41 | MEDTRONIC PLC SHS | MDT | 25,429 | $2.4M | 0.67% |
| 42 | TEXAS INSTRS INC COM | 882508104 | 13,175 | $2.4M | 0.67% |
| 43 | COSTCO WHSL CORP NEW COM | 22160K105 | 2,595 | $2.4M | 0.67% |
| 44 | PEPSICO INC COM | PEP | 16,355 | $2.3M | 0.64% |
| 45 | WELLS FARGO CO NEW COM | 949746101 | 27,376 | $2.3M | 0.64% |
| 46 | DIMENSIONAL U.S. SMALL CAP ETF | 25434V500 | 33,439 | $2.3M | 0.63% |
| 47 | VANGUARD INTERNATIONAL HIGH DIVIDEND YIELD ETF | 921946794 | 25,106 | $2.1M | 0.59% |
| 48 | ACCENTURE PLC IRELAND SHS CLASS A | ACN | 8,183 | $2.0M | 0.56% |
| 49 | CSW INDUSTRIALS INC COM | CSW | 8,000 | $1.9M | 0.54% |
| 50 | BLACKROCK MUN TARGET TERM TR COM SHS BEN IN | BLK | 85,339 | $1.9M | 0.53% |
| 51 | SCHWAB INTERNATIONAL EQUITY ETF | 808524805 | 82,030 | $1.9M | 0.53% |
| 52 | VANGUARD SMALL-CAP GROWTH ETF | 922908595 | 6,320 | $1.9M | 0.52% |
| 53 | BLACKSTONE INC COM | BX | 10,802 | $1.8M | 0.51% |
| 54 | ISHARES MSCI EMERGING MARKETS EX CHINA ETF | 46434G764 | 26,753 | $1.8M | 0.50% |
| 55 | KKR & CO INC COM | KKRT | 13,775 | $1.8M | 0.50% |
| 56 | NEXTERA ENERGY INC COM | NEE-PW | 21,433 | $1.6M | 0.45% |
| 57 | ILLINOIS TOOL WKS INC COM | 452308109 | 5,757 | $1.5M | 0.42% |
| 58 | MASTERCARD INCORPORATED CL A | MA | 2,545 | $1.4M | 0.40% |
| 59 | BROADCOM INC COM | AVGO | 4,275 | $1.4M | 0.39% |
| 60 | SCHWAB CHARLES CORP COM | SCHW-PJ | 14,445 | $1.4M | 0.38% |
| 61 | SS&C TECHNOLOGIES HLDGS INC COM | SSNC | 15,085 | $1.3M | 0.37% |
| 62 | BROOKFIELD CORP CL A LTD VT SH | 11271J107 | 19,460 | $1.3M | 0.37% |
| 63 | MCDONALDS CORP COM | MCD | 3,902 | $1.2M | 0.33% |
| 64 | VANGUARD INTERNATIONAL DIVIDEND APPRECIATION ETF | 921946810 | 12,040 | $1.1M | 0.30% |
| 65 | ABBOTT LABS COM | ABLZF | 7,838 | $1.0M | 0.29% |
| 66 | ISHARES CORE U.S. REIT ETF | 464288521 | 17,836 | $1.0M | 0.29% |
| 67 | SOUTHERN CO COM | SOMN | 10,951 | $1.0M | 0.29% |
| 68 | AMPHENOL CORP NEW CL A | 032095101 | 8,204 | $1.0M | 0.28% |
| 69 | TESLA INC COM | TSLA | 2,161 | $961,040 | 0.27% |
| 70 | CATERPILLAR INC COM | CAT | 1,999 | $953,823 | 0.26% |
| 71 | VERIZON COMMUNICATIONS INC COM | VZ | 21,567 | $947,881 | 0.26% |
| 72 | PHILIP MORRIS INTL INC COM | 718172109 | 5,825 | $944,815 | 0.26% |
| 73 | 3M CO COM | MMM | 6,045 | $938,063 | 0.26% |
| 74 | DIMENSIONAL INTERNATIONAL CORE EQUITY MARKET ETF | 25434V203 | 25,805 | $938,025 | 0.26% |
| 75 | ISHARES CORE S&P 500 ETF | 464287200 | 1,369 | $916,192 | 0.25% |
| 76 | DANAHER CORPORATION COM | 235851102 | 4,566 | $905,255 | 0.25% |
| 77 | MOODYS CORP COM | MCO | 1,896 | $903,406 | 0.25% |
| 78 | AMERICAN ELEC PWR CO INC COM | 025537101 | 8,021 | $902,323 | 0.25% |
| 79 | COMCAST CORP NEW CL A | CCZ | 28,652 | $900,246 | 0.25% |
| 80 | DISNEY WALT CO COM | 254687106 | 7,747 | $887,029 | 0.25% |
| 81 | ALTRIA GROUP INC COM | MO | 13,388 | $884,411 | 0.25% |
| 82 | PFIZER INC COM | PFE | 34,547 | $880,258 | 0.24% |
| 83 | KINDER MORGAN INC DEL COM | EP-PC | 30,547 | $864,786 | 0.24% |
| 84 | CHEVRON CORP NEW COM | CVX | 5,428 | $842,914 | 0.23% |
| 85 | INTERNATIONAL BUSINESS MACHS COM | INTR | 2,876 | $811,373 | 0.23% |
| 86 | DICKS SPORTING GOODS INC COM | 253393102 | 3,511 | $780,214 | 0.22% |
| 87 | SCHWAB US TIPS ETF | 808524870 | 28,943 | $780,003 | 0.22% |
| 88 | DIGITAL RLTY TR INC COM | 253868103 | 4,487 | $775,713 | 0.22% |
| 89 | LOCKHEED MARTIN CORP COM | LMT | 1,447 | $722,562 | 0.20% |
| 90 | FIFTH THIRD BANCORP COM | FITBM | 16,087 | $716,676 | 0.20% |
| 91 | 1ST SOURCE CORP COM | SRCE | 11,554 | $711,264 | 0.20% |
| 92 | PIMCO MULTISECTOR BOND ACTIVE EXCHANGE-TRADED FUND | 72201R585 | 26,077 | $699,901 | 0.19% |
| 93 | XPO INC COM | XPO | 5,194 | $671,428 | 0.19% |
| 94 | BLACKSTONE SECD LENDING FD COMMON STOCK | BX | 25,189 | $656,673 | 0.18% |
| 95 | CHUBB LIMITED COM | CB | 2,274 | $641,837 | 0.18% |
| 96 | EATON VANCE MUN INCOME 2028 TE SHS | ETN | 32,775 | $632,558 | 0.18% |
| 97 | VEEVA SYS INC CL A COM | VEEV | 1,963 | $584,797 | 0.16% |
| 98 | GENERAL DYNAMICS CORP COM | GD | 1,703 | $580,815 | 0.16% |
| 99 | VANGUARD SMALL-CAP ETF | 922908751 | 2,275 | $578,539 | 0.16% |
| 100 | BLACKROCK INC COM | BLK | 496 | $578,272 | 0.16% |
| 101 | INVESCO VARIABLE RATE PREFERRED ETF | IVZ | 22,888 | $565,337 | 0.16% |
| 102 | NUVEEN MUNICIPAL CREDIT INC FD COM SH BEN INT | NU | 40,742 | $511,720 | 0.14% |
| 103 | STARBUCKS CORP COM | SBUX | 5,984 | $506,246 | 0.14% |
| 104 | GOLDMAN SACHS GROUP INC COM | GSCE | 630 | $501,514 | 0.14% |
| 105 | AT&T INC COM | T-PC | 17,474 | $493,467 | 0.14% |
| 106 | INTERCONTINENTAL EXCHANGE INC COM | 45866F104 | 2,906 | $489,603 | 0.14% |
| 107 | ISHARES 0-5 YEAR TIPS BOND ETF | 46429B747 | 4,698 | $485,629 | 0.13% |
| 108 | DIMENSIONAL EMERGING CORE EQUITY MARKET ETF | 25434V302 | 15,211 | $479,590 | 0.13% |
| 109 | BANK AMERICA CORP COM | 060505104 | 8,859 | $457,036 | 0.13% |
| 110 | MARSH & MCLENNAN COS INC COM | 571748102 | 2,233 | $450,016 | 0.12% |
| 111 | WASTE MGMT INC DEL COM | 94106L109 | 2,020 | $446,077 | 0.12% |
| 112 | THERMO FISHER SCIENTIFIC INC COM | TMO | 919 | $445,733 | 0.12% |
| 113 | DIMENSIONAL US HIGH PROFITABILITY ETF | 25434V831 | 11,553 | $436,354 | 0.12% |
| 114 | DUKE ENERGY CORP NEW COM NEW | DUKB | 3,523 | $436,032 | 0.12% |
| 115 | TE CONNECTIVITY PLC ORD SHS | TEL | 1,946 | $427,205 | 0.12% |
| 116 | VANGUARD SMALL CAP VALUE ETF | 922908611 | 2,044 | $426,680 | 0.12% |
| 117 | VANGUARD TOTAL INTERNATIONAL STOCK ETF | 921909768 | 5,620 | $412,878 | 0.11% |
| 118 | UNITY SOFTWARE INC COM | U | 10,002 | $400,480 | 0.11% |
| 119 | NORTHROP GRUMMAN CORP COM | NOC | 653 | $397,604 | 0.11% |
| 120 | UNITEDHEALTH GROUP INC COM | UNH | 1,139 | $393,297 | 0.11% |
| 121 | AIR PRODS & CHEMS INC COM | AIIR | 1,403 | $382,626 | 0.11% |
| 122 | GOLDMAN SACHS S&P 500 PREMIUM INCOME ETF | NVGLF | 7,319 | $382,271 | 0.11% |
| 123 | WELLTOWER INC COM | WELL | 2,072 | $369,106 | 0.10% |
| 124 | SPDR PORTFOLIO S&P 500 HIGH DIVIDEND ETF | 78468R788 | 8,227 | $361,988 | 0.10% |
| 125 | INTEL CORP COM | INTC | 10,776 | $361,535 | 0.10% |
| 126 | NETFLIX INC COM | NFLX | 299 | $358,477 | 0.10% |
| 127 | NOVARTIS AG SPONSORED ADR | NVSEF | 2,595 | $332,783 | 0.09% |
| 128 | VANGUARD SHORT-TERM INFLATION-PROTECTED SECURITIES ETF | 922020805 | 6,234 | $315,627 | 0.09% |
| 129 | JPMORGAN HEDGED EQUITY LADDERED OVERLAY ETF | 46654Q724 | 4,830 | $313,950 | 0.09% |
| 130 | QXO INC COM NEW | QXO-PB | 16,443 | $313,404 | 0.09% |
| 131 | CVS HEALTH CORP COM | CVS | 4,064 | $306,385 | 0.08% |
| 132 | VANGUARD TOTAL BOND MARKET ETF | 921937835 | 4,079 | $303,384 | 0.08% |
| 133 | GXO LOGISTICS INCORPORATED COMMON STOCK | GXO | 5,564 | $294,280 | 0.08% |
| 134 | SCHWAB EMERGING MARKETS EQUITY ETF | 808524706 | 8,759 | $292,293 | 0.08% |
| 135 | INTUITIVE SURGICAL INC COM NEW | ISRG | 644 | $288,016 | 0.08% |
| 136 | EMERSON ELEC CO COM | EMR | 2,177 | $285,579 | 0.08% |
| 137 | BRISTOL-MYERS SQUIBB CO COM | CELG-RI | 6,312 | $284,671 | 0.08% |
| 138 | INTUIT COM | INTU | 397 | $271,115 | 0.08% |
| 139 | ISHARES CORE 1-5 YEAR USD BOND ETF | 46432F859 | 5,540 | $270,574 | 0.08% |
| 140 | VANGUARD SHORT-TERM TAX EXEMPT BOND ETF | 921935870 | 2,650 | $270,101 | 0.07% |
| 141 | GE AEROSPACE COM NEW | 369604301 | 860 | $258,705 | 0.07% |
| 142 | UBER TECHNOLOGIES INC COM | UBER | 2,631 | $257,759 | 0.07% |
| 143 | VANGUARD FTSE EMERGING MARKETS ETF | 922042858 | 4,729 | $256,212 | 0.07% |
| 144 | CUMMINS INC COM | CMI | 575 | $242,863 | 0.07% |
| 145 | ENBRIDGE INC COM | ENNPF | 4,760 | $240,190 | 0.07% |
| 146 | CADENCE DESIGN SYSTEM INC COM | CDNS | 680 | $238,857 | 0.07% |
| 147 | ISHARES CORE DIVIDEND ETF | 46435U861 | 4,500 | $235,125 | 0.07% |
| 148 | PAYPAL HLDGS INC COM | PYPL | 3,381 | $226,730 | 0.06% |
| 149 | ISHARES RUSSELL 1000 GROWTH ETF | 464287614 | 465 | $217,811 | 0.06% |
| 150 | NIKE INC CL B | NKE | 3,098 | $216,024 | 0.06% |
| 151 | QUALCOMM INC COM | QCOM | 1,269 | $211,111 | 0.06% |
| 152 | ADVANCED MICRO DEVICES INC COM | AMD | 1,255 | $203,046 | 0.06% |
| 153 | LINDE PLC SHS | LIN | 422 | $200,450 | 0.06% |