Keating Investment Counselors Inc.
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 12, 2025), Keating Investment Counselors Inc. reported 65 stock positions worth $331.6 million. Its top holding was Keating Active ETF (KEAT) at 25.6% of the portfolio, followed by iShares 0-5 Year Tips Bond E (STIP, 15.8%) and SS SPDR BB 1-3M T-Bill ETF (BIL, 7.5%). Compared with Q4 2024, it opened 2 new positions, sold out of 4, added to 11 and reduced 39. The biggest buy was a new position in Carrefour SA-SP ADR (CRRFY) and the biggest sale SS SPDR BB 1-3M T-Bill ETF (BIL, shares −17%).
- Most Recent 13F
- Q2 2026
- Location
- DELRAY BEACH, FL
- CIK
- 0001020580
- Portfolio Value
- $331.6M (Q1 2025)
- SEC Filing
- 0001020580-25-000006 ↗ filed May 12, 2025
Holdings Value
Holdings 65 stocks · $331.6M
| KEAT Keating Active ETF | 25.56% | 3,138,748 | $84.8M | Add +2.3% |
| STIP iShares 0-5 Year Tips Bond E | 15.76% | 504,998 | $52.3M | Reduce -3.4% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 7.49% | 270,640 | $24.8M | Reduce -17.4% |
| AEM Agnico Eagle Mines Ltd. | 3.65% | 111,754 | $12.1M | Reduce -17.0% |
| B Barrick Gold Corp. | 3.10% | 529,236 | $10.3M | Reduce -0.3% |
| OII Oceaneering Intl Inc. | 2.55% | 387,233 | $8.4M | Reduce -1.5% |
| GSK GSK PLC-Spon ADR | 2.21% | 188,806 | $7.3M | Add +15.4% |
| TTE Totalenergies SE -Spon ADR | 2.17% | 111,457 | $7.2M | Reduce -2.4% |
| VOD Vodafone Group PLC-SP ADR | 2.15% | 761,409 | $7.1M | Reduce -0.2% |
| EQNR Equinor ASA-Spon ADR | 2.08% | 260,950 | $6.9M | Add +0.7% |
| VZ Verizon Communications Inc. | 2.08% | 151,937 | $6.9M | Reduce -3.2% |
| SU Suncor Energy Inc. | 2.04% | 174,469 | $6.8M | Reduce -12.5% |
| CRRFY Carrefour SA-SP ADR | 2.01% | 2,329,300 | $6.7M | New |
| UL Unilever PLC | 1.87% | 103,888 | $6.2M | Reduce -3.2% |
| PM Philip Morris International | 1.82% | 37,922 | $6.0M | Reduce -30.0% |
| LMT Lockheed Martin Corp. | 1.61% | 11,933 | $5.3M | Reduce -3.2% |
| LBTYK Liberty Global Ltd. Class C | 1.60% | 443,122 | $5.3M | Add +5.8% |
| TAP Molson Coors Beverage Co. Class B | 1.46% | 79,562 | $4.8M | Reduce -2.7% |
| JSAIY J. Sainsbury PLC-Spons ADR | 1.28% | 345,990 | $4.2M | Add +7.5% |
| HD Home Depot Inc. | 1.25% | 11,299 | $4.1M | Reduce -16.2% |
| NTR Nutrien Ltd. | 1.20% | 80,393 | $4.0M | Reduce -0.1% |
| TALO Talos Energy Inc. | 1.18% | 403,140 | $3.9M | Add +67.5% |
| CALM Cal-Maine Foods Inc. | 1.12% | 40,726 | $3.7M | Reduce -1.8% |
| SNREY Sunrise Communicat Class A | 1.05% | 72,048 | $3.5M | Reduce -11.2% |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 0.95% | 75,482 | $3.2M | Add +3.8% |
| PAAS Pan American Silver Corp. | 0.83% | 106,385 | $2.7M | New |
| LW Lamb Weston Holdings Inc. | 0.76% | 47,287 | $2.5M | Add +1.1% |
| UPS United Parcel Service Class B | 0.76% | 22,891 | $2.5M | Add +17.7% |
| XOM Exxon Mobil Corp. | 0.75% | 20,927 | $2.5M | Reduce -7.6% |
| JNJ Johnson & Johnson | 0.63% | 12,535 | $2.1M | Reduce -16.7% |
| WY Weyerhaeuser Co. | 0.56% | 63,739 | $1.9M | Reduce -36.4% |
| TMO Thermo Fisher Scientific Inc. | 0.45% | 3,031 | $1.5M | Reduce -19.7% |
| RIG Transocean Ltd. | 0.44% | 456,450 | $1.4M | Add +137.8% |
| SYK Stryker Corp. | 0.39% | 3,480 | $1.3M | Reduce -17.7% |
| CVX Chevron Corp. | 0.36% | 7,171 | $1.2M | Reduce -1.7% |
| COST Costco Wholesale Corp. | 0.36% | 1,260 | $1.2M | Reduce -29.6% |
| MMM 3M Co. | 0.35% | 8,000 | $1.2M | Reduce -17.0% |
| PEP Pepsico Inc. | 0.32% | 7,130 | $1.1M | Reduce -1.7% |
| GDX Vaneck Gold Miners ETF | 0.30% | 21,350 | $981K | No change |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.27% | 9,051 | $893K | Reduce -19.1% |
| NEM Newmont Corp. | 0.25% | 17,479 | $844K | Add +5.8% |
| DOV Dover Corp. | 0.24% | 4,500 | $791K | Reduce -6.9% |
| COP Conocophillips | 0.23% | 7,201 | $756K | Reduce -0.9% |
| AAPL Apple Inc. | 0.22% | 3,302 | $733K | Reduce -10.3% |
| BMY Bristol-Myers Squibb Co. | 0.21% | 11,417 | $696K | No change |
| HON Honeywell International Inc. | 0.18% | 2,855 | $605K | No change |
| HES Hess Corp. | 0.17% | 3,438 | $549K | No change |
| JPM JPMorgan Chase & Co. | 0.16% | 2,185 | $536K | Reduce -37.6% |
| ORLY O'reilly Automotive Inc. | 0.15% | 357 | $511K | No change |
| MSFT Microsoft Corp. | 0.12% | 1,095 | $411K | Reduce -13.4% |
| MCD McDonald's Corp. | 0.12% | 1,290 | $403K | Reduce -7.2% |
| KO The Coca-Cola Co. | 0.12% | 5,500 | $394K | Reduce -21.4% |
| ABBV Abbvie Inc. | 0.11% | 1,810 | $379K | Reduce -9.9% |
| SHEL Shell PLC-ADR | 0.10% | 4,675 | $343K | No change |
| INTC Intel Corp. | 0.10% | 14,335 | $326K | Reduce -74.5% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.09% | 575 | $306K | No change |
| LOW Lowe's Cos Inc. | 0.09% | 1,280 | $299K | No change |
| META Meta Platforms Inc. Class A | 0.09% | 502 | $289K | No change |
| EMR Emerson Electric Co. | 0.08% | 2,525 | $277K | Reduce -45.7% |
| APH Amphenol Corp. Class A | 0.08% | 4,000 | $262K | No change |
| MO Altria Group Inc. | 0.07% | 3,897 | $234K | Reduce -1.3% |
| PSX Phillips 66 | 0.07% | 1,870 | $231K | No change |
| ABT Abbott Laboratories | 0.06% | 1,559 | $207K | Reduce -16.1% |
| BDX Becton Dickinson and Co. | 0.06% | 900 | $206K | No change |
| NG Novagold Resources Inc. | 0.05% | 61,000 | $178K | No change |
Portfolio Sells Q4 2024 → Q1 2025
| BIL SS SPDR BB 1-3M T-Bill ETF | Reduce -17.4% | 7.49% | −1.87 |
| STIP iShares 0-5 Year Tips Bond E | Reduce -3.4% | 15.76% | −0.66 |
| OII Oceaneering Intl Inc. | Reduce -1.5% | 2.55% | −0.65 |
| HD Home Depot Inc. | Reduce -16.2% | 1.25% | −0.39 |
| WY Weyerhaeuser Co. | Reduce -36.4% | 0.56% | −0.32 |
| LMT Lockheed Martin Corp. | Reduce -3.2% | 1.61% | −0.26 |
| INTC Intel Corp. | Reduce -74.5% | 0.10% | −0.25 |
| PM Philip Morris International | Reduce -30.0% | 1.82% | −0.22 |
| CALM Cal-Maine Foods Inc. | Reduce -1.8% | 1.12% | −0.22 |
| SU Suncor Energy Inc. | Reduce -12.5% | 2.04% | −0.18 |
| WMT Walmart Inc. | Sold out | 0.00% | −0.17 |
| TMO Thermo Fisher Scientific Inc. | Reduce -19.7% | 0.45% | −0.16 |
| COST Costco Wholesale Corp. | Reduce -29.6% | 0.36% | −0.15 |
| DIS The Walt Disney Co. | Reduce -19.1% | 0.27% | −0.12 |
| JPM JPMorgan Chase & Co. | Reduce -37.6% | 0.16% | −0.10 |
| EMR Emerson Electric Co. | Reduce -45.7% | 0.08% | −0.10 |
| SCHD Schwab US DVD Equity ETF | Sold out | 0.00% | −0.09 |
| SYK Stryker Corp. | Reduce -17.7% | 0.39% | −0.08 |
| NOBL Proshares S&P 500 Dividend A | Sold out | 0.00% | −0.08 |
| AMZN Amazon.com Inc. | Sold out | 0.00% | −0.08 |
| AAPL Apple Inc. | Reduce -10.3% | 0.22% | −0.07 |
| JNJ Johnson & Johnson | Reduce -16.7% | 0.63% | −0.05 |
| DOV Dover Corp. | Reduce -6.9% | 0.24% | −0.04 |
| MSFT Microsoft Corp. | Reduce -13.4% | 0.12% | −0.04 |
| SNREY Sunrise Communicat Class A | Reduce -11.2% | 1.05% | −0.04 |
| MMM 3M Co. | Reduce -17.0% | 0.35% | −0.03 |
| UL Unilever PLC | Reduce -3.2% | 1.87% | −0.03 |
| PEP Pepsico Inc. | Reduce -1.7% | 0.32% | −0.02 |
| KO The Coca-Cola Co. | Reduce -21.4% | 0.12% | −0.02 |
| XOM Exxon Mobil Corp. | Reduce -7.6% | 0.75% | −0.01 |
| MCD McDonald's Corp. | Reduce -7.2% | 0.12% | −0.00 |
| ABT Abbott Laboratories | Reduce -16.1% | 0.06% | −0.00 |
| TAP Molson Coors Beverage Co. Class B | Reduce -2.7% | 1.46% | −0.00 |
| ABBV Abbvie Inc. | Reduce -9.9% | 0.11% | +0.00 |
| COP Conocophillips | Reduce -0.9% | 0.23% | +0.00 |
| MO Altria Group Inc. | Reduce -1.3% | 0.07% | +0.01 |
| CVX Chevron Corp. | Reduce -1.7% | 0.36% | +0.03 |
| NTR Nutrien Ltd. | Reduce -0.1% | 1.20% | +0.08 |
| VZ Verizon Communications Inc. | Reduce -3.2% | 2.08% | +0.12 |
| VOD Vodafone Group PLC-SP ADR | Reduce -0.2% | 2.15% | +0.13 |
| TTE Totalenergies SE -Spon ADR | Reduce -2.4% | 2.17% | +0.23 |
| AEM Agnico Eagle Mines Ltd. | Reduce -17.0% | 3.65% | +0.36 |
| B Barrick Gold Corp. | Reduce -0.3% | 3.10% | +0.53 |
Portfolio Buys Q4 2024 → Q1 2025
| CRRFY Carrefour SA-SP ADR | New | 2.01% | +2.01 |
| KEAT Keating Active ETF | Add +2.3% | 25.56% | +1.13 |
| PAAS Pan American Silver Corp. | New | 0.83% | +0.83 |
| GSK GSK PLC-Spon ADR | Add +15.4% | 2.21% | +0.48 |
| TALO Talos Energy Inc. | Add +67.5% | 1.18% | +0.45 |
| RIG Transocean Ltd. | Add +137.8% | 0.44% | +0.21 |
| EQNR Equinor ASA-Spon ADR | Add +0.7% | 2.08% | +0.16 |
| SLB SLB Ltd. | Add +3.8% | 0.95% | +0.08 |
| NEM Newmont Corp. | Add +5.8% | 0.25% | +0.06 |
| UPS United Parcel Service Class B | Add +17.7% | 0.76% | −0.01 |
| JSAIY J. Sainsbury PLC-Spons ADR | Add +7.5% | 1.28% | −0.12 |
| LBTYK Liberty Global Ltd. Class C | Add +5.8% | 1.60% | −0.12 |
| LW Lamb Weston Holdings Inc. | Add +1.1% | 0.76% | −0.22 |
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 |