Keating Investment Counselors Inc.
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 7, 2025), Keating Investment Counselors Inc. reported 61 stock positions worth $330.8 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, 17.4%) and SS SPDR BB 1-3M T-Bill ETF (BIL, 7.8%). Compared with Q1 2025, it opened 2 new positions, sold out of 6, added to 15 and reduced 34. The biggest buy was iShares 0-5 Year Tips Bond E (STIP, shares +11%) and the biggest sale an exit from Nutrien (NTR).
- Most Recent 13F
- Q2 2026
- Location
- DELRAY BEACH, FL
- CIK
- 0001020580
- Portfolio Value
- $330.8M (Q2 2025)
- SEC Filing
- 0001020580-25-000008 ↗ filed Aug 7, 2025
Holdings Value
Holdings 61 stocks · $330.8M
| KEAT Keating Active ETF | 25.60% | 3,132,577 | $84.7M | Reduce -0.2% |
| STIP iShares 0-5 Year Tips Bond E | 17.42% | 560,198 | $57.7M | Add +10.9% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 7.78% | 280,565 | $25.7M | Add +3.7% |
| AEM Agnico Eagle Mines Ltd. | 3.92% | 109,016 | $13.0M | Reduce -2.5% |
| B Barrick Mining Corp. | 3.27% | 519,436 | $10.8M | Reduce -1.9% |
| VOD Vodafone Group PLC-SP ADR | 2.43% | 753,784 | $8.0M | Reduce -1.0% |
| OII Oceaneering Intl Inc. | 2.41% | 385,023 | $8.0M | Reduce -0.6% |
| GSK GSK PLC-Spon ADR | 2.17% | 186,801 | $7.2M | Reduce -1.1% |
| TTE Totalenergies SE -Spon ADR | 2.05% | 110,542 | $6.8M | Reduce -0.8% |
| EQNR Equinor ASA-Spon ADR | 2.02% | 265,500 | $6.7M | Add +1.7% |
| CRRFY Carrefour SA-SP ADR | 2.01% | 2,336,275 | $6.7M | Add +0.3% |
| SU Suncor Energy Inc. | 1.97% | 174,269 | $6.5M | Reduce -0.1% |
| VZ Verizon Communications Inc. | 1.96% | 150,043 | $6.5M | Reduce -1.3% |
| UL Unilever PLC | 1.89% | 102,348 | $6.3M | Reduce -1.5% |
| PM Philip Morris International | 1.81% | 32,839 | $6.0M | Reduce -13.4% |
| JSAIY J. Sainsbury PLC-Spons ADR | 1.72% | 353,175 | $5.7M | Add +2.1% |
| LMT Lockheed Martin Corp. | 1.64% | 11,708 | $5.4M | Reduce -1.9% |
| LBTYK Liberty Global Ltd. Class C | 1.43% | 459,472 | $4.7M | Add +3.7% |
| SNREY Sunrise Communicat Class A | 1.22% | 71,263 | $4.0M | Reduce -1.1% |
| CALM Cal-Maine Foods Inc. | 1.19% | 39,376 | $3.9M | Reduce -3.3% |
| HD Home Depot Inc. | 1.18% | 10,644 | $3.9M | Reduce -5.8% |
| TAP Molson Coors Beverage Co. Class B | 1.15% | 78,812 | $3.8M | Reduce -0.9% |
| TALO Talos Energy Inc. | 1.12% | 436,650 | $3.7M | Add +8.3% |
| PAAS Pan American Silver Corp. | 0.99% | 115,220 | $3.3M | Add +8.3% |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 0.76% | 74,057 | $2.5M | Reduce -1.9% |
| LW Lamb Weston Holdings Inc. | 0.73% | 46,877 | $2.4M | Reduce -0.9% |
| UPS United Parcel Service Class B | 0.69% | 22,506 | $2.3M | Reduce -1.7% |
| XOM Exxon Mobil Corp. | 0.61% | 18,844 | $2.0M | Reduce -9.9% |
| JNJ Johnson & Johnson | 0.52% | 11,245 | $1.7M | Reduce -10.3% |
| WY Weyerhaeuser Co. | 0.44% | 56,934 | $1.5M | Reduce -10.7% |
| SYK Stryker Corp. | 0.42% | 3,480 | $1.4M | No change |
| RIG Transocean Ltd. | 0.39% | 494,750 | $1.3M | Add +8.4% |
| COST Costco Wholesale Corp. | 0.37% | 1,250 | $1.2M | Reduce -0.8% |
| TMO Thermo Fisher Scientific Inc. | 0.36% | 2,976 | $1.2M | Reduce -1.8% |
| GDX Vaneck Gold Miners ETF | 0.34% | 21,350 | $1.1M | No change |
| CVX Chevron Corp. | 0.31% | 7,171 | $1.0M | No change |
| NEM Newmont Corp. | 0.30% | 16,979 | $989K | Reduce -2.9% |
| PEP Pepsico Inc. | 0.28% | 7,130 | $941K | No change |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.26% | 7,050 | $874K | Reduce -22.1% |
| MMM 3M Co. | 0.24% | 5,139 | $782K | Reduce -35.8% |
| AAPL Apple Inc. | 0.21% | 3,426 | $703K | Add +3.8% |
| JPM JPMorgan Chase & Co. | 0.20% | 2,285 | $662K | Add +4.6% |
| DOV Dover Corp. | 0.19% | 3,500 | $641K | Reduce -22.2% |
| COP Conocophillips | 0.19% | 6,901 | $619K | Reduce -4.2% |
| HON Honeywell International Inc. | 0.18% | 2,550 | $594K | Reduce -10.7% |
| MSFT Microsoft Corp. | 0.17% | 1,148 | $571K | Add +4.8% |
| ORLY O'reilly Automotive Inc. | 0.15% | 5,355 | $483K | No change |
| HES Hess Corp. | 0.14% | 3,438 | $476K | No change |
| APH Amphenol Corp. Class A | 0.12% | 4,000 | $395K | No change |
| BMY Bristol-Myers Squibb Co. | 0.12% | 8,417 | $390K | Reduce -26.3% |
| MCD McDonald's Corp. | 0.11% | 1,290 | $377K | No change |
| META Meta Platforms Inc. Class A | 0.11% | 503 | $371K | Add +0.2% |
| ABBV Abbvie Inc. | 0.11% | 1,946 | $361K | Add +7.5% |
| SHEL Shell PLC-ADR | 0.09% | 4,375 | $308K | Reduce -6.4% |
| LOW Lowe's Cos Inc. | 0.09% | 1,280 | $284K | No change |
| BRK.B Berkshire Hathaway Inc. Class B | 0.08% | 575 | $279K | No change |
| NG Novagold Resources Inc. | 0.08% | 67,475 | $276K | Add +10.6% |
| INTC Intel Corp. | 0.08% | 11,110 | $249K | Reduce -22.5% |
| AMZN Amazon.com Inc. | 0.07% | 1,057 | $232K | New |
| MO Altria Group Inc. | 0.07% | 3,797 | $223K | Reduce -2.6% |
| INTU Intuit Inc. | 0.06% | 266 | $210K | New |
Portfolio Sells Q1 2025 → Q2 2025
| NTR Nutrien Ltd. | Sold out | 0.00% | −1.20 |
| TAP Molson Coors Beverage Co. Class B | Reduce -0.9% | 1.15% | −0.31 |
| SLB SLB Ltd. | Reduce -1.9% | 0.76% | −0.19 |
| XOM Exxon Mobil Corp. | Reduce -9.9% | 0.61% | −0.14 |
| OII Oceaneering Intl Inc. | Reduce -0.6% | 2.41% | −0.14 |
| TTE Totalenergies SE -Spon ADR | Reduce -0.8% | 2.05% | −0.12 |
| WY Weyerhaeuser Co. | Reduce -10.7% | 0.44% | −0.12 |
| KO The Coca-Cola Co. | Sold out | 0.00% | −0.12 |
| MMM 3M Co. | Reduce -35.8% | 0.24% | −0.12 |
| VZ Verizon Communications Inc. | Reduce -1.3% | 1.96% | −0.12 |
| JNJ Johnson & Johnson | Reduce -10.3% | 0.52% | −0.11 |
| BMY Bristol-Myers Squibb Co. | Reduce -26.3% | 0.12% | −0.09 |
| TMO Thermo Fisher Scientific Inc. | Reduce -1.8% | 0.36% | −0.09 |
| EMR Emerson Electric Co. | Sold out | 0.00% | −0.08 |
| UPS United Parcel Service Class B | Reduce -1.7% | 0.69% | −0.07 |
| PSX Phillips 66 | Sold out | 0.00% | −0.07 |
| HD Home Depot Inc. | Reduce -5.8% | 1.18% | −0.07 |
| SU Suncor Energy Inc. | Reduce -0.1% | 1.97% | −0.06 |
| ABT Abbott Laboratories | Sold out | 0.00% | −0.06 |
| BDX Becton Dickinson and Co. | Sold out | 0.00% | −0.06 |
| DOV Dover Corp. | Reduce -22.2% | 0.19% | −0.04 |
| COP Conocophillips | Reduce -4.2% | 0.19% | −0.04 |
| GSK GSK PLC-Spon ADR | Reduce -1.1% | 2.17% | −0.04 |
| LW Lamb Weston Holdings Inc. | Reduce -0.9% | 0.73% | −0.03 |
| INTC Intel Corp. | Reduce -22.5% | 0.08% | −0.02 |
| SHEL Shell PLC-ADR | Reduce -6.4% | 0.09% | −0.01 |
| PM Philip Morris International | Reduce -13.4% | 1.81% | −0.01 |
| DIS The Walt Disney Co. | Reduce -22.1% | 0.26% | −0.01 |
| MO Altria Group Inc. | Reduce -2.6% | 0.07% | −0.00 |
| HON Honeywell International Inc. | Reduce -10.7% | 0.18% | −0.00 |
| COST Costco Wholesale Corp. | Reduce -0.8% | 0.37% | +0.01 |
| UL Unilever PLC | Reduce -1.5% | 1.89% | +0.03 |
| LMT Lockheed Martin Corp. | Reduce -1.9% | 1.64% | +0.03 |
| KEAT Keating Active ETF | Reduce -0.2% | 25.60% | +0.04 |
| NEM Newmont Corp. | Reduce -2.9% | 0.30% | +0.04 |
| CALM Cal-Maine Foods Inc. | Reduce -3.3% | 1.19% | +0.07 |
| B Barrick Mining Corp. | Reduce -1.9% | 3.27% | +0.17 |
| SNREY Sunrise Communicat Class A | Reduce -1.1% | 1.22% | +0.17 |
| AEM Agnico Eagle Mines Ltd. | Reduce -2.5% | 3.92% | +0.27 |
| VOD Vodafone Group PLC-SP ADR | Reduce -1.0% | 2.43% | +0.28 |
Portfolio Buys Q1 2025 → Q2 2025
| STIP iShares 0-5 Year Tips Bond E | Add +10.9% | 17.42% | +1.67 |
| JSAIY J. Sainsbury PLC-Spons ADR | Add +2.1% | 1.72% | +0.44 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Add +3.7% | 7.78% | +0.29 |
| PAAS Pan American Silver Corp. | Add +8.3% | 0.99% | +0.16 |
| AMZN Amazon.com Inc. | New | 0.07% | +0.07 |
| INTU Intuit Inc. | New | 0.06% | +0.06 |
| MSFT Microsoft Corp. | Add +4.8% | 0.17% | +0.05 |
| JPM JPMorgan Chase & Co. | Add +4.6% | 0.20% | +0.04 |
| NG Novagold Resources Inc. | Add +10.6% | 0.08% | +0.03 |
| META Meta Platforms Inc. Class A | Add +0.2% | 0.11% | +0.02 |
| CRRFY Carrefour SA-SP ADR | Add +0.3% | 2.01% | +0.00 |
| ABBV Abbvie Inc. | Add +7.5% | 0.11% | −0.01 |
| AAPL Apple Inc. | Add +3.8% | 0.21% | −0.01 |
| RIG Transocean Ltd. | Add +8.4% | 0.39% | −0.05 |
| TALO Talos Energy Inc. | Add +8.3% | 1.12% | −0.06 |
| EQNR Equinor ASA-Spon ADR | Add +1.7% | 2.02% | −0.06 |
| LBTYK Liberty Global Ltd. Class C | Add +3.7% | 1.43% | −0.17 |
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 |