Keating Investment Counselors Inc.
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed January 31, 2025), Keating Investment Counselors Inc. reported 67 stock positions worth $320.2 million. Its top holding was Keating Active ETF (KEAT) at 24.4% of the portfolio, followed by iShares 0-5 Year Tips Bond E (STIP, 16.4%) and SS SPDR BB 1-3M T-Bill ETF (BIL, 9.4%). Compared with Q3 2024, it opened 3 new positions, sold out of 5, added to 13 and reduced 29. The biggest buy was a new position in GSK PLC-Spon ADR (GSK) and the biggest sale an exit from Equity Commonwealth (EQC).
- Most Recent 13F
- Q2 2026
- Location
- DELRAY BEACH, FL
- CIK
- 0001020580
- Portfolio Value
- $320.2M (Q4 2024)
- SEC Filing
- 0001020580-25-000001 ↗ filed Jan 31, 2025
Holdings Value
Holdings 67 stocks · $320.2M
| KEAT Keating Active ETF | 24.43% | 3,069,787 | $78.2M | Reduce -0.5% |
| STIP iShares 0-5 Year Tips Bond E | 16.42% | 522,667 | $52.6M | Reduce -0.4% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 9.36% | 327,742 | $30.0M | Add +16.8% |
| AEM Agnico Eagle Mines Ltd. | 3.29% | 134,691 | $10.5M | Reduce -0.1% |
| OII Oceaneering Intl Inc. | 3.20% | 393,033 | $10.3M | Add +0.3% |
| B Barrick Gold Corp. | 2.57% | 530,689 | $8.2M | Reduce -0.3% |
| SU Suncor Energy Inc. | 2.22% | 199,369 | $7.1M | Reduce -0.2% |
| PM Philip Morris International | 2.04% | 54,184 | $6.5M | Reduce -1.0% |
| VOD Vodafone Group PLC-SP ADR | 2.02% | 762,714 | $6.5M | Reduce -5.0% |
| VZ Verizon Communications Inc. | 1.96% | 156,957 | $6.3M | Add +2.0% |
| TTE Totalenergies SE -Spon ADR | 1.94% | 114,152 | $6.2M | Reduce -3.9% |
| EQNR Equinor ASA-Spon ADR | 1.92% | 259,060 | $6.1M | Reduce -12.5% |
| UL Unilever PLC | 1.90% | 107,288 | $6.1M | Reduce -0.1% |
| LMT Lockheed Martin Corp. | 1.87% | 12,333 | $6.0M | Reduce -0.3% |
| GSK GSK PLC-Spon ADR | 1.73% | 163,605 | $5.5M | New |
| LBTYK Liberty Global Ltd. Class C | 1.72% | 418,972 | $5.5M | Add +3.2% |
| HD Home Depot Inc. | 1.64% | 13,484 | $5.2M | Reduce -1.0% |
| TAP Molson Coors Beverage Co. Class B | 1.46% | 81,772 | $4.7M | Add +1.0% |
| JSAIY J. Sainsbury PLC-Spons ADR | 1.40% | 321,735 | $4.5M | Add +29.5% |
| CALM Cal-Maine Foods Inc. | 1.33% | 41,466 | $4.3M | Reduce -43.2% |
| NTR Nutrien Ltd. | 1.12% | 80,503 | $3.6M | Add +23.9% |
| SNREY Sunrise Communicat Class A | 1.09% | 81,113 | $3.5M | New |
| LW Lamb Weston Holdings Inc. | 0.98% | 46,777 | $3.1M | Add +15.9% |
| WY Weyerhaeuser Co. | 0.88% | 100,249 | $2.8M | Reduce -0.2% |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 0.87% | 72,757 | $2.8M | Add +2.7% |
| UPS United Parcel Service Class B | 0.77% | 19,452 | $2.5M | Reduce -0.3% |
| XOM Exxon Mobil Corp. | 0.76% | 22,652 | $2.4M | Reduce -1.0% |
| TALO Talos Energy Inc. | 0.73% | 240,680 | $2.3M | Add +5.1% |
| JNJ Johnson & Johnson | 0.68% | 15,044 | $2.2M | Reduce -1.0% |
| TMO Thermo Fisher Scientific Inc. | 0.61% | 3,775 | $2.0M | Reduce -0.3% |
| COST Costco Wholesale Corp. | 0.51% | 1,790 | $1.6M | No change |
| SYK Stryker Corp. | 0.48% | 4,230 | $1.5M | No change |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.39% | 11,191 | $1.2M | Reduce -0.9% |
| MMM 3M Co. | 0.39% | 9,641 | $1.2M | Reduce -4.9% |
| INTC Intel Corp. | 0.35% | 56,321 | $1.1M | Reduce -10.8% |
| PEP Pepsico Inc. | 0.34% | 7,255 | $1.1M | Reduce -0.3% |
| CVX Chevron Corp. | 0.33% | 7,296 | $1.1M | No change |
| AAPL Apple Inc. | 0.29% | 3,682 | $922K | Reduce -1.7% |
| DOV Dover Corp. | 0.28% | 4,833 | $907K | Reduce -9.4% |
| JPM JPMorgan Chase & Co. | 0.26% | 3,500 | $839K | No change |
| GDX Vaneck Gold Miners ETF | 0.23% | 21,350 | $724K | No change |
| COP Conocophillips | 0.23% | 7,266 | $721K | Reduce -2.0% |
| RIG Transocean Ltd. | 0.22% | 191,950 | $720K | New |
| BMY Bristol-Myers Squibb Co. | 0.20% | 11,417 | $646K | Add +30.4% |
| HON Honeywell International Inc. | 0.20% | 2,855 | $645K | No change |
| NEM Newmont Corp. | 0.19% | 16,529 | $615K | No change |
| EMR Emerson Electric Co. | 0.18% | 4,650 | $576K | Reduce -1.1% |
| WMT Walmart Inc. | 0.17% | 6,000 | $542K | No change |
| MSFT Microsoft Corp. | 0.17% | 1,265 | $533K | No change |
| HES Hess Corp. | 0.14% | 3,438 | $457K | No change |
| KO The Coca-Cola Co. | 0.14% | 7,000 | $436K | No change |
| ORLY O'reilly Automotive Inc. | 0.13% | 357 | $423K | No change |
| MCD McDonald's Corp. | 0.13% | 1,390 | $403K | No change |
| ABBV Abbvie Inc. | 0.11% | 2,010 | $357K | No change |
| LOW Lowe's Cos Inc. | 0.10% | 1,280 | $316K | No change |
| SCHD Schwab US DVD Equity ETF | 0.09% | 10,990 | $300K | Reduce -21.3% |
| META Meta Platforms Inc. Class A | 0.09% | 502 | $294K | Add +0.2% |
| SHEL Shell PLC-ADR | 0.09% | 4,675 | $293K | Reduce -19.4% |
| APH Amphenol Corp. Class A | 0.09% | 4,000 | $278K | No change |
| NOBL Proshares S&P 500 Dividend A | 0.08% | 2,648 | $264K | Reduce -22.9% |
| AMZN Amazon.com Inc. | 0.08% | 1,198 | $263K | No change |
| BRK.B Berkshire Hathaway Inc. Class B | 0.08% | 575 | $261K | No change |
| PSX Phillips 66 | 0.07% | 1,870 | $213K | No change |
| ABT Abbott Laboratories | 0.07% | 1,859 | $210K | No change |
| MO Altria Group Inc. | 0.06% | 3,947 | $206K | No change |
| BDX Becton Dickinson and Co. | 0.06% | 900 | $204K | No change |
| NG Novagold Resources Inc. | 0.06% | 61,000 | $203K | Add +281.3% |
Portfolio Sells Q3 2024 → Q4 2024
| EQC Equity Commonwealth | Sold out | 0.00% | −2.14 |
| B Barrick Gold Corp. | Reduce -0.3% | 2.57% | −0.59 |
| VOD Vodafone Group PLC-SP ADR | Reduce -5.0% | 2.02% | −0.38 |
| TTE Totalenergies SE -Spon ADR | Reduce -3.9% | 1.94% | −0.35 |
| EQNR Equinor ASA-Spon ADR | Reduce -12.5% | 1.92% | −0.32 |
| CALM Cal-Maine Foods Inc. | Reduce -43.2% | 1.33% | −0.30 |
| LMT Lockheed Martin Corp. | Reduce -0.3% | 1.87% | −0.29 |
| KEAT Keating Active ETF | Reduce -0.5% | 24.43% | −0.20 |
| UL Unilever PLC | Reduce -0.1% | 1.90% | −0.18 |
| WY Weyerhaeuser Co. | Reduce -0.2% | 0.88% | −0.13 |
| CVS CVS Health Corp. | Sold out | 0.00% | −0.12 |
| INTC Intel Corp. | Reduce -10.8% | 0.35% | −0.09 |
| TMO Thermo Fisher Scientific Inc. | Reduce -0.3% | 0.61% | −0.09 |
| AFL Aflac Inc. | Sold out | 0.00% | −0.07 |
| TGT Target Corp. | Sold out | 0.00% | −0.06 |
| URI United Rentals Inc. | Sold out | 0.00% | −0.06 |
| JNJ Johnson & Johnson | Reduce -1.0% | 0.68% | −0.06 |
| XOM Exxon Mobil Corp. | Reduce -1.0% | 0.76% | −0.04 |
| UPS United Parcel Service Class B | Reduce -0.3% | 0.77% | −0.03 |
| NOBL Proshares S&P 500 Dividend A | Reduce -22.9% | 0.08% | −0.03 |
| MMM 3M Co. | Reduce -4.9% | 0.39% | −0.03 |
| PEP Pepsico Inc. | Reduce -0.3% | 0.34% | −0.03 |
| SCHD Schwab US DVD Equity ETF | Reduce -21.3% | 0.09% | −0.02 |
| SHEL Shell PLC-ADR | Reduce -19.4% | 0.09% | −0.02 |
| DOV Dover Corp. | Reduce -9.4% | 0.28% | −0.02 |
| HD Home Depot Inc. | Reduce -1.0% | 1.64% | −0.01 |
| COP Conocophillips | Reduce -2.0% | 0.23% | −0.01 |
| SU Suncor Energy Inc. | Reduce -0.2% | 2.22% | +0.02 |
| EMR Emerson Electric Co. | Reduce -1.1% | 0.18% | +0.03 |
| AAPL Apple Inc. | Reduce -1.7% | 0.29% | +0.03 |
| AEM Agnico Eagle Mines Ltd. | Reduce -0.1% | 3.29% | +0.05 |
| PM Philip Morris International | Reduce -1.0% | 2.04% | +0.05 |
| DIS The Walt Disney Co. | Reduce -0.9% | 0.39% | +0.06 |
| STIP iShares 0-5 Year Tips Bond E | Reduce -0.4% | 16.42% | +0.54 |
Portfolio Buys Q3 2024 → Q4 2024
| GSK GSK PLC-Spon ADR | New | 1.73% | +1.73 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Add +16.8% | 9.36% | +1.67 |
| SNREY Sunrise Communicat Class A | New | 1.09% | +1.09 |
| OII Oceaneering Intl Inc. | Add +0.3% | 3.20% | +0.29 |
| RIG Transocean Ltd. | New | 0.22% | +0.22 |
| JSAIY J. Sainsbury PLC-Spons ADR | Add +29.5% | 1.40% | +0.21 |
| LW Lamb Weston Holdings Inc. | Add +15.9% | 0.98% | +0.20 |
| NTR Nutrien Ltd. | Add +23.9% | 1.12% | +0.19 |
| TAP Molson Coors Beverage Co. Class B | Add +1.0% | 1.46% | +0.07 |
| BMY Bristol-Myers Squibb Co. | Add +30.4% | 0.20% | +0.07 |
| NG Novagold Resources Inc. | Add +281.3% | 0.06% | +0.04 |
| TALO Talos Energy Inc. | Add +5.1% | 0.73% | +0.02 |
| META Meta Platforms Inc. Class A | Add +0.2% | 0.09% | +0.01 |
| SLB SLB Ltd. | Add +2.7% | 0.87% | −0.02 |
| VZ Verizon Communications Inc. | Add +2.0% | 1.96% | −0.10 |
| LBTYK Liberty Global Ltd. Class C | Add +3.2% | 1.72% | −0.90 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 59 | $364.1M | KEAT, STIP, BIL, B, AEM |
| Q1 2026 | 59 | $403.8M | KEAT, STIP, BIL, AEM, B |
| Q4 2025 | 62 | $360.7M | KEAT, STIP, BIL, B, AEM |
| Q3 2025 | 61 | $350.3M | KEAT, STIP, BIL, AEM, B |
| Q2 2025 | 61 | $330.8M | KEAT, STIP, BIL, AEM, B |
| Q1 2025 | 65 | $331.6M | KEAT, STIP, BIL, AEM, B |
| Q4 2024 | 67 | $320.2M | KEAT, STIP, BIL, AEM, OII |
| Q3 2024 | 69 | $335.0M | KEAT, STIP, BIL, AEM, B |
| Q2 2024 | 68 | $311.5M | KEAT, STIP, BIL, OII, AEM |
| Q1 2024 | 80 | $310.5M | KEAT, STIP, OII, B, EQC |