# EDGAR Filing Document

**Accession Number:** 0001730660
**File Stem:** 0001172661-25-004577
**Filing Date:** 2025-11
**Character Count:** 13824
**Document Hash:** bd8c89151bde9e3419e89b7cd3655afd
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001172661-25-004577.hdr.sgml**: 20251104

**ACCESSION NUMBER**: 0001172661-25-004577

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251104

**DATE AS OF CHANGE**: 20251104

**EFFECTIVENESS DATE**: 20251104

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Keeler Thomas Management LLC
- **CENTRAL INDEX KEY:** 0001730660

**ORGANIZATION NAME:**
- **EIN:** 870471678
- **STATE OF INCORPORATION:** UT
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-18280
- **FILM NUMBER:** 251448162

**BUSINESS ADDRESS:**
- **STREET 1:** 1327 S. 800 E.
- **CITY:** OREM
- **STATE:** UT
- **ZIP:** 84097
- **BUSINESS PHONE:** 801-226-0800

**MAIL ADDRESS:**
- **STREET 1:** 1327 S. 800 E.
- **CITY:** OREM
- **STATE:** UT
- **ZIP:** 84097

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Keeler THomas Management LLC
- **DATE OF NAME CHANGE:** 20180207

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 09-30-2025

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** Keeler Thomas Management LLC<br>**Address:** 1327 S. 800 E.<br>Orem, UT 84097

**Form 13F File Number:** 028-18280

**CRD Number (if applicable):** 000109522

**SEC File Number (if applicable):** 801-100354

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Nathaniel Evans<br>**Title:** General Manager<br>**Phone:** 801-226-0800

**Signature, Place, and Date of Signing:**

/s/ Nathaniel Evans  Orem, UT  11-04-2025<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 105

**Form 13F Information Table Value Total:** $245053493

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| ABBOTT LABS | COM | 002824100 |  | 205304 | 1533 | SH |  | SOLE |  | 0 | 0 | 1533 |
| ABERCROMBIE  FITCH CO | CL A | 002896207 |  | 1358705 | 15882 | SH |  | SOLE |  | 0 | 0 | 15882 |
| ADOBE INC | COM | 00724F101 |  | 600733 | 1703 | SH |  | SOLE |  | 0 | 0 | 1703 |
| ADTALEM GLOBAL ED INC | COM | 00737L103 |  | 1720727 | 11141 | SH |  | SOLE |  | 0 | 0 | 11141 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 |  | 2701077 | 16695 | SH |  | SOLE |  | 0 | 0 | 16695 |
| AECOM | COM | 00766T100 |  | 1643712 | 12598 | SH |  | SOLE |  | 0 | 0 | 12598 |
| ALLISON TRANSMISSION HLDGS I | COM | 01973R101 |  | 1104258 | 13010 | SH |  | SOLE |  | 0 | 0 | 13010 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 3082633 | 12681 | SH |  | SOLE |  | 0 | 0 | 12681 |
| AMAZON COM INC | COM | 023135106 |  | 1015731 | 4626 | SH |  | SOLE |  | 0 | 0 | 4626 |
| AMETEK INC | COM | 031100100 |  | 1372642 | 7301 | SH |  | SOLE |  | 0 | 0 | 7301 |
| APPLE INC | COM | 037833100 |  | 2188761 | 8596 | SH |  | SOLE |  | 0 | 0 | 8596 |
| AVERY DENNISON CORP | COM | 053611109 |  | 1130344 | 6970 | SH |  | SOLE |  | 0 | 0 | 6970 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 2726359 | 5423 | SH |  | SOLE |  | 0 | 0 | 5423 |
| BLACKROCK INC | COM | 09290D101 |  | 381369 | 327 | SH |  | SOLE |  | 0 | 0 | 327 |
| BROADRIDGE FINL SOLUTIONS IN | COM | 11133T103 |  | 1215459 | 5103 | SH |  | SOLE |  | 0 | 0 | 5103 |
| CATERPILLAR INC | COM | 149123101 |  | 530077 | 1111 | SH |  | SOLE |  | 0 | 0 | 1111 |
| CINTAS CORP | COM | 172908105 |  | 1212248 | 5906 | SH |  | SOLE |  | 0 | 0 | 5906 |
| CONMED CORP | COM | 207410101 |  | 992640 | 21107 | SH |  | SOLE |  | 0 | 0 | 21107 |
| CONSTELLATION BRANDS INC | CL A | 21036P108 |  | 806577 | 5989 | SH |  | SOLE |  | 0 | 0 | 5989 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 345260 | 373 | SH |  | SOLE |  | 0 | 0 | 373 |
| DEERE  CO | COM | 244199105 |  | 467464 | 1022 | SH |  | SOLE |  | 0 | 0 | 1022 |
| DEVON ENERGY CORP NEW | COM | 25179M103 |  | 981360 | 27991 | SH |  | SOLE |  | 0 | 0 | 27991 |
| DIGITAL RLTY TR INC | COM | 253868103 |  | 502412 | 2906 | SH |  | SOLE |  | 0 | 0 | 2906 |
| DUKE ENERGY CORP NEW | COM NEW | 26441C204 |  | 2103563 | 16998 | SH |  | SOLE |  | 0 | 0 | 16998 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 479053 | 4249 | SH |  | SOLE |  | 0 | 0 | 4249 |
| FACTSET RESH SYS INC | COM | 303075105 |  | 802330 | 2801 | SH |  | SOLE |  | 0 | 0 | 2801 |
| FAIR ISAAC CORP | COM | 303250104 |  | 943157 | 630 | SH |  | SOLE |  | 0 | 0 | 630 |
| FEDEX CORP | COM | 31428X106 |  | 1951641 | 8276 | SH |  | SOLE |  | 0 | 0 | 8276 |
| FISERV INC | COM | 337738108 |  | 854290 | 6626 | SH |  | SOLE |  | 0 | 0 | 6626 |
| FORTINET INC | COM | 34959E109 |  | 1045283 | 12432 | SH |  | SOLE |  | 0 | 0 | 12432 |
| FORTUNE BRANDS INNOVATIONS I | COM | 34964C106 |  | 1014204 | 18996 | SH |  | SOLE |  | 0 | 0 | 18996 |
| GAP INC | COM | 364760108 |  | 1960150 | 91639 | SH |  | SOLE |  | 0 | 0 | 91639 |
| GENERAC HLDGS INC | COM | 368736104 |  | 2627172 | 15694 | SH |  | SOLE |  | 0 | 0 | 15694 |
| GOOSEHEAD INS INC | COM CL A | 38267D109 |  | 770321 | 10351 | SH |  | SOLE |  | 0 | 0 | 10351 |
| HALOZYME THERAPEUTICS INC | COM | 40637H109 |  | 1407908 | 19197 | SH |  | SOLE |  | 0 | 0 | 19197 |
| HEICO CORP NEW | COM | 422806109 |  | 1504522 | 4661 | SH |  | SOLE |  | 0 | 0 | 4661 |
| HURON CONSULTING GROUP INC | COM | 447462102 |  | 1210853 | 8250 | SH |  | SOLE |  | 0 | 0 | 8250 |
| ICF INTL INC | COM | 44925C103 |  | 1296672 | 13973 | SH |  | SOLE |  | 0 | 0 | 13973 |
| IDEXX LABS INC | COM | 45168D104 |  | 1839911 | 2880 | SH |  | SOLE |  | 0 | 0 | 2880 |
| ISHARES TR | BROAD USD HIGH | 46435U853 |  | 6790672 | 179743 | SH |  | SOLE |  | 0 | 0 | 179743 |
| ISHARES TR | IBDS DEC28 ETF | 46435U515 |  | 4280487 | 167731 | SH |  | SOLE |  | 0 | 0 | 167731 |
| ISHARES TR | IBOND DEC 2030 | 46436E593 |  | 1627515 | 81888 | SH |  | SOLE |  | 0 | 0 | 81888 |
| ISHARES TR | IBONDS 2026 TERM | 46436E528 |  | 9868807 | 421924 | SH |  | SOLE |  | 0 | 0 | 421924 |
| ISHARES TR | IBONDS 2027 TERM | 46436E478 |  | 9792167 | 435401 | SH |  | SOLE |  | 0 | 0 | 435401 |
| ISHARES TR | IBONDS 2030 TERM | 46436E122 |  | 2434052 | 90823 | SH |  | SOLE |  | 0 | 0 | 90823 |
| ISHARES TR | IBONDS 2031 TERM | 46438G661 |  | 2444608 | 93645 | SH |  | SOLE |  | 0 | 0 | 93645 |
| ISHARES TR | IBONDS 25 TRM HG | 46435U168 |  | 8264089 | 355904 | SH |  | SOLE |  | 0 | 0 | 355904 |
| ISHARES TR | IBONDS 25 TRM TS | 46436E866 |  | 5014712 | 214625 | SH |  | SOLE |  | 0 | 0 | 214625 |
| ISHARES TR | IBONDS 26 TRM TS | 46436E858 |  | 1843078 | 80308 | SH |  | SOLE |  | 0 | 0 | 80308 |
| ISHARES TR | IBONDS 27 ETF | 46435UAA9 |  | 5458974 | 224280 | PRN |  | SOLE |  | 0 | 0 | 224280 |
| ISHARES TR | IBONDS 27 TRM TS | 46436E841 |  | 1069526 | 47492 | SH |  | SOLE |  | 0 | 0 | 47492 |
| ISHARES TR | IBONDS 28 TR HI | 46436E387 |  | 9818795 | 411517 | SH |  | SOLE |  | 0 | 0 | 411517 |
| ISHARES TR | IBONDS 28 TRM TS | 46436E833 |  | 1352145 | 60404 | SH |  | SOLE |  | 0 | 0 | 60404 |
| ISHARES TR | IBONDS 29 TR HI | 46436E379 |  | 9496143 | 398161 | SH |  | SOLE |  | 0 | 0 | 398161 |
| ISHARES TR | IBONDS 29 TRM TS | 46436E825 |  | 2619208 | 119299 | SH |  | SOLE |  | 0 | 0 | 119299 |
| ISHARES TR | IBONDS DEC 2030 | 46436E726 |  | 4474315 | 202001 | SH |  | SOLE |  | 0 | 0 | 202001 |
| ISHARES TR | IBONDS DEC 2031 | 46436E486 |  | 4774208 | 224986 | SH |  | SOLE |  | 0 | 0 | 224986 |
| ISHARES TR | IBONDS DEC 2031 | 46436E460 |  | 1862998 | 90569 | SH |  | SOLE |  | 0 | 0 | 90569 |
| ISHARES TR | IBONDS DEC 2032 | 46436E312 |  | 939831 | 36683 | SH |  | SOLE |  | 0 | 0 | 36683 |
| ISHARES TR | IBONDS DEC 2032 | 46436E296 |  | 1134096 | 49031 | SH |  | SOLE |  | 0 | 0 | 49031 |
| ISHARES TR | IBONDS DEC 2033 | 46436E130 |  | 1043233 | 39773 | SH |  | SOLE |  | 0 | 0 | 39773 |
| ISHARES TR | IBONDS DEC 2033 | 46436E148 |  | 1330713 | 53984 | SH |  | SOLE |  | 0 | 0 | 53984 |
| ISHARES TR | IBONDS DEC 2034 | 46438G653 |  | 1352969 | 51113 | SH |  | SOLE |  | 0 | 0 | 51113 |
| ISHARES TR | IBONDS DEC 2034 | 46438G646 |  | 1617210 | 62416 | SH |  | SOLE |  | 0 | 0 | 62416 |
| ISHARES TR | IBONDS DEC 29 | 46436E205 |  | 4367812 | 186102 | SH |  | SOLE |  | 0 | 0 | 186102 |
| ISHARES TR | IBONDS DEC2026 | 46435GAA0 |  | 9702009 | 399260 | PRN |  | SOLE |  | 0 | 0 | 399260 |
| ISHARES TR | IBONDS DEC25 ETF | 46434VBD1 |  | 11860438 | 470839 | PRN |  | SOLE |  | 0 | 0 | 470839 |
| JANUS DETROIT STR TR | B-BBB CLO ETF | 47103U753 |  | 5619668 | 116663 | SH |  | SOLE |  | 0 | 0 | 116663 |
| KENVUE INC | COM | 49177J102 |  | 204876 | 12623 | SH |  | SOLE |  | 0 | 0 | 12623 |
| KINDER MORGAN INC DEL | COM | 49456B101 |  | 1987011 | 70188 | SH |  | SOLE |  | 0 | 0 | 70188 |
| L3HARRIS TECHNOLOGIES INC | COM | 502431109 |  | 1689919 | 5533 | SH |  | SOLE |  | 0 | 0 | 5533 |
| LEIDOS HOLDINGS INC | COM | 525327102 |  | 1599861 | 8467 | SH |  | SOLE |  | 0 | 0 | 8467 |
| MAXIMUS INC | COM | 577933104 |  | 1562060 | 17096 | SH |  | SOLE |  | 0 | 0 | 17096 |
| MCDONALDS CORP | COM | 580135101 |  | 232250 | 764 | SH |  | SOLE |  | 0 | 0 | 764 |
| MERCK  CO INC | COM | 58933Y105 |  | 1233668 | 14699 | SH |  | SOLE |  | 0 | 0 | 14699 |
| META PLATFORMS INC | CL A | 30303M102 |  | 1712746 | 2332 | SH |  | SOLE |  | 0 | 0 | 2332 |
| MICROSOFT CORP | COM | 594918104 |  | 7789657 | 15039 | SH |  | SOLE |  | 0 | 0 | 15039 |
| MORNINGSTAR INC | COM | 617700109 |  | 1012316 | 4363 | SH |  | SOLE |  | 0 | 0 | 4363 |
| NETFLIX INC | COM | 64110L106 |  | 1513351 | 1262 | SH |  | SOLE |  | 0 | 0 | 1262 |
| NEW YORK TIMES CO | CL A | 650111107 |  | 1408618 | 24540 | SH |  | SOLE |  | 0 | 0 | 24540 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 7096632 | 38035 | SH |  | SOLE |  | 0 | 0 | 38035 |
| PAYCHEX INC | COM | 704326107 |  | 1023919 | 8078 | SH |  | SOLE |  | 0 | 0 | 8078 |
| PFIZER INC | COM | 717081103 |  | 2602398 | 102135 | SH |  | SOLE |  | 0 | 0 | 102135 |
| PRESTIGE CONSMR HEALTHCARE I | COM | 74112D101 |  | 839218 | 13449 | SH |  | SOLE |  | 0 | 0 | 13449 |
| QUALCOMM INC | COM | 747525103 |  | 3324730 | 19985 | SH |  | SOLE |  | 0 | 0 | 19985 |
| RALPH LAUREN CORP | CL A | 751212101 |  | 1816400 | 5793 | SH |  | SOLE |  | 0 | 0 | 5793 |
| RESMED INC | COM | 761152107 |  | 1464128 | 5349 | SH |  | SOLE |  | 0 | 0 | 5349 |
| ROSS STORES INC | COM | 778296103 |  | 2282075 | 14975 | SH |  | SOLE |  | 0 | 0 | 14975 |
| RYMAN HOSPITALITY PPTYS INC | COM | 78377T107 |  | 686610 | 7664 | SH |  | SOLE |  | 0 | 0 | 7664 |
| SERVICENOW INC | COM | 81762P102 |  | 1827245 | 1986 | SH |  | SOLE |  | 0 | 0 | 1986 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 530461 | 796 | SH |  | SOLE |  | 0 | 0 | 796 |
| SYNOPSYS INC | COM | 871607107 |  | 2530647 | 5129 | SH |  | SOLE |  | 0 | 0 | 5129 |
| TEGNA INC | COM | 87901J105 |  | 1423180 | 70004 | SH |  | SOLE |  | 0 | 0 | 70004 |
| TEXTRON INC | COM | 883203101 |  | 1076738 | 12744 | SH |  | SOLE |  | 0 | 0 | 12744 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 |  | 987294 | 2036 | SH |  | SOLE |  | 0 | 0 | 2036 |
| T-MOBILE US INC | COM | 872590104 |  | 2176064 | 9090 | SH |  | SOLE |  | 0 | 0 | 9090 |
| TOYOTA MOTOR CORP | ADS | 892331307 |  | 358103 | 1874 | SH |  | SOLE |  | 0 | 0 | 1874 |
| TRAVEL PLUS LEISURE CO | COM | 894164102 |  | 1663249 | 27958 | SH |  | SOLE |  | 0 | 0 | 27958 |
| UNION PAC CORP | COM | 907818108 |  | 309905 | 1311 | SH |  | SOLE |  | 0 | 0 | 1311 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 |  | 917958 | 2797 | SH |  | SOLE |  | 0 | 0 | 2797 |
| VANGUARD WORLD FD | MEGA CAP VAL ETF | 921910840 |  | 598921 | 4348 | SH |  | SOLE |  | 0 | 0 | 4348 |
| VICI PPTYS INC | COM | 925652109 |  | 2463992 | 75559 | SH |  | SOLE |  | 0 | 0 | 75559 |
| WABTEC | COM | 929740108 |  | 1381120 | 6889 | SH |  | SOLE |  | 0 | 0 | 6889 |
| WALMART INC | COM | 931142103 |  | 246422 | 2391 | SH |  | SOLE |  | 0 | 0 | 2391 |
| ZOETIS INC | CL A | 98978V103 |  | 1128391 | 7712 | SH |  | SOLE |  | 0 | 0 | 7712 |

---