Latest WALTER & KEENAN FINANCIAL CONSULTING CO /MI/ /ADV Stock Portfolio

WALTER & KEENAN FINANCIAL CONSULTING CO /MI/ /ADV Performance:

2025 Q4: 4.13%YTD: 16.73%2024: 13.41%

Performance for 2025 Q4 is 4.13%, and YTD is 16.73%, and 2024 is 13.41%.

About WALTER & KEENAN FINANCIAL CONSULTING CO /MI/ /ADV and 13F Hedge Fund Stock Holdings

On 2026-02-11, the fund reported it's updated stock portfolio. In the 13F Holdings report, WALTER & KEENAN WEALTH MANAGEMENT LLC /IN/ /ADV reported an equity portfolio of $373.1 Millions as of 31 Dec, 2025.

The top stock holdings of WALTER & KEENAN WEALTH MANAGEMENT LLC /IN/ /ADV are AAPL, LLY, MSFT. The fund has invested 6.5% of it's portfolio in APPLE INC and 6.2% of portfolio in ELI LILLY & CO.

The fund managers got completely rid off PAYPAL HLDGS INC COM (PYPL), NIKE INC CL B (NKE) and LINDE PLC SHS (LIN) stocks. They significantly reduced their stock positions in SCHWAB STRATEGIC TR (FNDA), COINBASE GLOBAL INC (COIN) and SS&C TECHNOLOGIES HLDGS INC (SSNC). WALTER & KEENAN WEALTH MANAGEMENT LLC /IN/ /ADV opened new stock positions in VANGUARD INSTL INDEX FD, EATON CORP PLC (ETN) and APPLIED MATLS INC (AMAT). The fund showed a lot of confidence in some stocks as they added substantially to NETFLIX INC (NFLX), BROOKFIELD CORP and DIMENSIONAL ETF TRUST (DFAC).

WALTER & KEENAN FINANCIAL CONSULTING CO /MI/ /ADV Annual Return Estimates Vs S&P 500

Our best estimate is that WALTER & KEENAN WEALTH MANAGEMENT LLC /IN/ /ADV made a return of 4.13% in the last quarter. In trailing 12 months, it's portfolio return was 16.73%.

Performance
S&P 500

New Buys

Ticker	$ Bought
vanguard instl index fd	743,513
eaton corp plc	263,726
applied matls inc	251,079
micron technology inc	241,171
colgate palmolive co	212,959

New stocks bought by WALTER & KEENAN FINANCIAL CONSULTING CO /MI/ /ADV

Additions

Ticker	% Inc.
netflix inc	883
brookfield corp	50.00
dimensional etf trust	43.41
ishares tr	20.65
waste mgmt inc del	16.98
j p morgan exchange traded f	16.56
vanguard index fds	16.14
qxo inc	15.05

Additions to existing portfolio by WALTER & KEENAN FINANCIAL CONSULTING CO /MI/ /ADV

Reductions

Ticker	% Reduced
schwab strategic tr	-60.63
coinbase global inc	-54.15
ss&c technologies hldgs inc	-53.07
comcast corp new	-44.64
accenture plc ireland	-41.86
pfizer inc	-24.9
verizon communications inc	-22.52
pepsico inc	-22.41

WALTER & KEENAN FINANCIAL CONSULTING CO /MI/ /ADV reduced stake in above stock

Sold off

Ticker	$ Sold
paypal hldgs inc com	-226,730
nike inc cl b	-216,024
linde plc shs	-200,450

WALTER & KEENAN FINANCIAL CONSULTING CO /MI/ /ADV got rid off the above stocks

Sector Distribution

WALTER & KEENAN WEALTH MANAGEMENT LLC /IN/ /ADV has about 31.3% of it's holdings in Others sector.

Sector	%
Others	31.3
Technology	19.7
Healthcare	13.4
Financial Services	11.3
Communication Services	8.6
Consumer Defensive	6
Industrials	4.1
Consumer Cyclical	2.8
Energy	1.3
Utilities	1.2

Market Cap. Distribution

WALTER & KEENAN WEALTH MANAGEMENT LLC /IN/ /ADV has about 67.5% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
MEGA-CAP	48
UNALLOCATED	31.3
LARGE-CAP	19.5

Stocks belong to which Index?

About 65.1% of the stocks held by WALTER & KEENAN WEALTH MANAGEMENT LLC /IN/ /ADV either belong to S&P 500 or RUSSELL 2000 index.

Index	%
S&P 500	65.1
Others	34

Top 5 Winners (%)		%
LLY	eli lilly & co	40.0 %
AMD	advanced micro devices inc	32.4 %
GOOG	alphabet inc	28.7 %
GOOG	alphabet inc	27.9 %
MRK	merck & co inc	25.3 %

Top 5 Winners ($)		$
LLY	eli lilly & co	6.9 M
GOOG	alphabet inc	4.2 M
GOOG	alphabet inc	2.1 M
AAPL	apple inc	1.6 M
CSCO	cisco sys inc	0.8 M

Top 5 Losers (%)		%
NFLX	netflix inc	-86.7 %
ORCL	oracle corp	-30.6 %
	brookfield corp	-29.2 %
VEEV	veeva sys inc	-24.9 %
COIN	coinbase global inc	-24.1 %

Top 5 Losers ($)		$
NFLX	netflix inc	-1.8 M
ORCL	oracle corp	-1.4 M
MSFT	microsoft corp	-1.3 M
COIN	coinbase global inc	-0.9 M
HD	home depot inc	-0.6 M

WALTER & KEENAN FINANCIAL CONSULTING CO /MI/ /ADV Holdings Map

This heatmap illustrates the top 50 positions within the fund's portfolio.

Current Stock Holdings of WALTER & KEENAN FINANCIAL CONSULTING CO /MI/ /ADV

WALTER & KEENAN WEALTH MANAGEMENT LLC /IN/ /ADV has 154 stocks in it's portfolio. About 40.1% of the portfolio is in top 10 stocks. NFLX proved to be the most loss making stock for the portfolio. LLY was the most profitable stock for WALTER & KEENAN WEALTH MANAGEMENT LLC /IN/ /ADV last quarter.

Last Reported on: 11 Feb, 2026

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
AAPL	apple inc	6.53	89,630	24,366,800	reduced	-1.57

AAXJ	ishares tr	0.27	17,918	1,020,610	added	0.46

ABBV	abbvie inc	1.51	24,687	5,640,700	added	0.1

ABT	abbott labs	0.25	7,516	941,680	reduced	-4.11

ACN	accenture plc ireland	0.34	4,758	1,276,570	reduced	-41.86

ACWF	ishares tr	0.71	58,233	2,646,690	unchanged	0.00

AEP	american elec pwr co inc	0.27	8,669	999,663	added	8.08

AMAT	applied matls inc	0.07	977	251,079	new

AMD	advanced micro devices inc	0.07	1,256	268,985	added	0.08

AMGN	amgen inc	0.88	9,993	3,270,810	added	0.13

AMPS	ishares tr	0.13	4,574	468,306	reduced	-2.64

AMZN	amazon com inc	1.06	17,158	3,960,410	added	1.74

APD	air prods & chems inc	0.09	1,396	344,840	reduced	-0.5

APH	amphenol corp new	0.30	8,201	1,108,280	reduced	-0.04

AVGO	broadcom inc	0.40	4,359	1,508,650	added	1.96

AXP	american express co	0.76	7,642	2,827,160	added	1.83

BAB	invesco exch traded fd tr ii	0.13	20,245	492,552	reduced	-11.55

BAC	bank america corp	0.14	9,154	503,470	added	3.33

BBAX	j p morgan exchange traded f	0.84	54,956	3,145,660	reduced	-8.24

BGRN	ishares tr	0.06	4,500	239,175	unchanged	0.00