Keating Investment Counselors Inc.
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 27, 2025), Keating Investment Counselors Inc. reported 61 stock positions worth $350.3 million. Its top holding was Keating Active ETF (KEAT) at 27.1% of the portfolio, followed by iShares 0-5 Year Tips Bond E (STIP, 16.2%) and SS SPDR BB 1-3M T-Bill ETF (BIL, 6.5%). Compared with Q2 2025, it opened 4 new positions, sold out of 4, added to 10 and reduced 37. The biggest buy was Keating Active ETF (KEAT, shares +3%) and the biggest sale SS SPDR BB 1-3M T-Bill ETF (BIL, shares −12%).
- Most Recent 13F
- Q2 2026
- Location
- DELRAY BEACH, FL
- CIK
- 0001020580
- Portfolio Value
- $350.3M (Q3 2025)
- SEC Filing
- 0001020580-25-000013 ↗ filed Oct 27, 2025
Holdings Value
Holdings 61 stocks · $350.3M
| KEAT Keating Active ETF | 27.12% | 3,219,676 | $95.0M | Add +2.8% |
| STIP iShares 0-5 Year Tips Bond E | 16.22% | 549,716 | $56.8M | Reduce -1.9% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 6.47% | 247,099 | $22.7M | Reduce -11.9% |
| AEM Agnico Eagle Mines Ltd. | 4.86% | 100,936 | $17.0M | Reduce -7.4% |
| B Barrick Mining Corp. | 4.56% | 487,544 | $16.0M | Reduce -6.1% |
| OII Oceaneering Intl Inc. | 2.53% | 357,973 | $8.9M | Reduce -7.0% |
| VOD Vodafone Group PLC-SP ADR | 2.33% | 704,559 | $8.2M | Reduce -6.5% |
| GSK GSK PLC-Spon ADR | 2.21% | 179,531 | $7.7M | Reduce -3.9% |
| SU Suncor Energy Inc. | 2.08% | 174,639 | $7.3M | Add +0.2% |
| CRRFY Carrefour SA-SP ADR | 2.02% | 2,305,135 | $7.1M | Reduce -1.3% |
| LBTYK Liberty Global Ltd. Class C | 1.82% | 541,641 | $6.4M | Add +17.9% |
| VZ Verizon Communications Inc. | 1.78% | 141,674 | $6.2M | Reduce -5.6% |
| JSAIY J. Sainsbury PLC-Spons ADR | 1.76% | 337,435 | $6.2M | Reduce -4.5% |
| TTE Totalenergies SE -Spon ADR | 1.73% | 101,727 | $6.1M | Reduce -8.0% |
| EQNR Equinor ASA-Spon ADR | 1.71% | 245,800 | $6.0M | Reduce -7.4% |
| UL Unilever PLC | 1.71% | 100,948 | $6.0M | Reduce -1.4% |
| LMT Lockheed Martin Corp. | 1.51% | 10,608 | $5.3M | Reduce -9.4% |
| PAAS Pan American Silver Corp. | 1.26% | 114,010 | $4.4M | Reduce -1.1% |
| TALO Talos Energy Inc. | 1.20% | 438,180 | $4.2M | Add +0.3% |
| HD Home Depot Inc. | 1.15% | 9,964 | $4.0M | Reduce -6.4% |
| SNREY Sunrise Communicat Class A | 1.14% | 67,693 | $4.0M | Reduce -5.0% |
| PM Philip Morris International | 1.12% | 24,129 | $3.9M | Reduce -26.5% |
| TAP Molson Coors Beverage Co. Class B | 1.01% | 78,237 | $3.5M | Reduce -0.7% |
| CALM Cal-Maine Foods Inc. | 0.89% | 33,306 | $3.1M | Reduce -15.4% |
| LW Lamb Weston Holdings Inc. | 0.83% | 49,827 | $2.9M | Add +6.3% |
| UPS United Parcel Service Class B | 0.82% | 34,235 | $2.9M | Add +52.1% |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 0.68% | 69,332 | $2.4M | Reduce -6.4% |
| XOM Exxon Mobil Corp. | 0.62% | 19,209 | $2.2M | Add +1.9% |
| RIG Transocean Ltd. | 0.59% | 658,739 | $2.1M | Add +33.1% |
| JNJ Johnson & Johnson | 0.56% | 10,630 | $2.0M | Reduce -5.5% |
| CVX Chevron Corp. | 0.47% | 10,556 | $1.6M | Add +47.2% |
| GDX Vaneck Gold Miners ETF | 0.47% | 21,350 | $1.6M | No change |
| NEM Newmont Corp. | 0.41% | 16,979 | $1.4M | No change |
| TMO Thermo Fisher Scientific Inc. | 0.40% | 2,876 | $1.4M | Reduce -3.4% |
| COST Costco Wholesale Corp. | 0.33% | 1,250 | $1.2M | No change |
| SYK Stryker Corp. | 0.30% | 2,880 | $1.1M | Reduce -17.2% |
| PEP Pepsico Inc. | 0.27% | 6,830 | $959K | Reduce -4.2% |
| WY Weyerhaeuser Co. | 0.26% | 36,784 | $912K | Reduce -35.4% |
| JPM JPMorgan Chase & Co. | 0.21% | 2,335 | $737K | Add +2.2% |
| AAPL Apple Inc. | 0.21% | 2,826 | $720K | Reduce -17.5% |
| MMM 3M Co. | 0.18% | 4,075 | $632K | Reduce -20.7% |
| NG Novagold Resources Inc. | 0.17% | 67,475 | $594K | No change |
| ORLY O'reilly Automotive Inc. | 0.16% | 5,355 | $577K | No change |
| DOV Dover Corp. | 0.15% | 3,200 | $534K | Reduce -8.6% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.15% | 4,540 | $520K | Reduce -35.6% |
| APH Amphenol Corp. Class A | 0.14% | 4,000 | $495K | No change |
| HON Honeywell International Inc. | 0.14% | 2,300 | $484K | Reduce -9.8% |
| MSFT Microsoft Corp. | 0.13% | 898 | $465K | Reduce -21.8% |
| COP Conocophillips | 0.13% | 4,901 | $464K | Reduce -29.0% |
| ABBV Abbvie Inc. | 0.13% | 1,910 | $442K | Reduce -1.9% |
| INTC Intel Corp. | 0.11% | 11,055 | $371K | Reduce -0.5% |
| META Meta Platforms Inc. Class A | 0.11% | 503 | $369K | No change |
| LOW Lowe's Cos Inc. | 0.09% | 1,280 | $322K | No change |
| MCD McDonald's Corp. | 0.09% | 1,040 | $316K | Reduce -19.4% |
| BMY Bristol-Myers Squibb Co. | 0.09% | 6,857 | $309K | Reduce -18.5% |
| MO Altria Group Inc. | 0.07% | 3,797 | $251K | No change |
| PSX Phillips 66 | 0.07% | 1,837 | $250K | New |
| ORCL Oracle Corp. | 0.07% | 850 | $239K | New |
| URI United Rentals Inc. | 0.07% | 250 | $239K | New |
| AMZN Amazon.com Inc. | 0.07% | 1,057 | $232K | No change |
| PHYS Sprott Physical Gold Trust | 0.06% | 7,010 | $208K | New |
Portfolio Sells Q2 2025 → Q3 2025
| BIL SS SPDR BB 1-3M T-Bill ETF | Reduce -11.9% | 6.47% | −1.31 |
| STIP iShares 0-5 Year Tips Bond E | Reduce -1.9% | 16.22% | −1.20 |
| PM Philip Morris International | Reduce -26.5% | 1.12% | −0.69 |
| TTE Totalenergies SE -Spon ADR | Reduce -8.0% | 1.73% | −0.32 |
| EQNR Equinor ASA-Spon ADR | Reduce -7.4% | 1.71% | −0.31 |
| CALM Cal-Maine Foods Inc. | Reduce -15.4% | 0.89% | −0.29 |
| VZ Verizon Communications Inc. | Reduce -5.6% | 1.78% | −0.18 |
| UL Unilever PLC | Reduce -1.4% | 1.71% | −0.18 |
| WY Weyerhaeuser Co. | Reduce -35.4% | 0.26% | −0.18 |
| HES Hess Corp. | Sold out | 0.00% | −0.14 |
| TAP Molson Coors Beverage Co. Class B | Reduce -0.7% | 1.01% | −0.13 |
| LMT Lockheed Martin Corp. | Reduce -9.4% | 1.51% | −0.13 |
| DIS The Walt Disney Co. | Reduce -35.6% | 0.15% | −0.12 |
| SYK Stryker Corp. | Reduce -17.2% | 0.30% | −0.11 |
| VOD Vodafone Group PLC-SP ADR | Reduce -6.5% | 2.33% | −0.10 |
| SHEL Shell PLC-ADR | Sold out | 0.00% | −0.09 |
| BRK.B Berkshire Hathaway Inc. Class B | Sold out | 0.00% | −0.08 |
| SNREY Sunrise Communicat Class A | Reduce -5.0% | 1.14% | −0.08 |
| SLB SLB Ltd. | Reduce -6.4% | 0.68% | −0.08 |
| INTU Intuit Inc. | Sold out | 0.00% | −0.06 |
| MMM 3M Co. | Reduce -20.7% | 0.18% | −0.06 |
| COP Conocophillips | Reduce -29.0% | 0.13% | −0.05 |
| DOV Dover Corp. | Reduce -8.6% | 0.15% | −0.04 |
| HON Honeywell International Inc. | Reduce -9.8% | 0.14% | −0.04 |
| MSFT Microsoft Corp. | Reduce -21.8% | 0.13% | −0.04 |
| BMY Bristol-Myers Squibb Co. | Reduce -18.5% | 0.09% | −0.03 |
| HD Home Depot Inc. | Reduce -6.4% | 1.15% | −0.03 |
| MCD McDonald's Corp. | Reduce -19.4% | 0.09% | −0.02 |
| PEP Pepsico Inc. | Reduce -4.2% | 0.27% | −0.01 |
| AAPL Apple Inc. | Reduce -17.5% | 0.21% | −0.01 |
| CRRFY Carrefour SA-SP ADR | Reduce -1.3% | 2.02% | +0.01 |
| ABBV Abbvie Inc. | Reduce -1.9% | 0.13% | +0.02 |
| INTC Intel Corp. | Reduce -0.5% | 0.11% | +0.03 |
| TMO Thermo Fisher Scientific Inc. | Reduce -3.4% | 0.40% | +0.03 |
| JSAIY J. Sainsbury PLC-Spons ADR | Reduce -4.5% | 1.76% | +0.04 |
| JNJ Johnson & Johnson | Reduce -5.5% | 0.56% | +0.04 |
| GSK GSK PLC-Spon ADR | Reduce -3.9% | 2.21% | +0.04 |
| OII Oceaneering Intl Inc. | Reduce -7.0% | 2.53% | +0.12 |
| PAAS Pan American Silver Corp. | Reduce -1.1% | 1.26% | +0.27 |
| AEM Agnico Eagle Mines Ltd. | Reduce -7.4% | 4.86% | +0.94 |
| B Barrick Mining Corp. | Reduce -6.1% | 4.56% | +1.29 |
Portfolio Buys Q2 2025 → Q3 2025
| KEAT Keating Active ETF | Add +2.8% | 27.12% | +1.53 |
| LBTYK Liberty Global Ltd. Class C | Add +17.9% | 1.82% | +0.39 |
| RIG Transocean Ltd. | Add +33.1% | 0.59% | +0.20 |
| CVX Chevron Corp. | Add +47.2% | 0.47% | +0.16 |
| UPS United Parcel Service Class B | Add +52.1% | 0.82% | +0.13 |
| SU Suncor Energy Inc. | Add +0.2% | 2.08% | +0.11 |
| LW Lamb Weston Holdings Inc. | Add +6.3% | 0.83% | +0.09 |
| TALO Talos Energy Inc. | Add +0.3% | 1.20% | +0.08 |
| PSX Phillips 66 | New | 0.07% | +0.07 |
| ORCL Oracle Corp. | New | 0.07% | +0.07 |
| URI United Rentals Inc. | New | 0.07% | +0.07 |
| PHYS Sprott Physical Gold Trust | New | 0.06% | +0.06 |
| JPM JPMorgan Chase & Co. | Add +2.2% | 0.21% | +0.01 |
| XOM Exxon Mobil Corp. | Add +1.9% | 0.62% | +0.00 |
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 |