Keating Investment Counselors Inc.
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 30, 2026), Keating Investment Counselors Inc. reported 62 stock positions worth $360.7 million. Its top holding was Keating Active ETF (KEAT) at 26.9% 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, 6.4%). Compared with Q3 2025, it opened 2 new positions, sold out of 2, added to 18 and reduced 29. The biggest buy was Pan American Silver (PAAS, shares +1%) and the biggest sale an exit from Sunrise Communicat Class A (SNREY).
- Most Recent 13F
- Q2 2026
- Location
- DELRAY BEACH, FL
- CIK
- 0001020580
- Portfolio Value
- $360.7M (Q4 2025)
- SEC Filing
- 0001020580-26-000002 ↗ filed Jan 30, 2026
Holdings Value
Holdings 62 stocks · $360.7M
| KEAT Keating Active ETF | 26.86% | 3,179,158 | $96.9M | Reduce -1.3% |
| STIP iShares 0-5 Year Tips Bond E | 16.20% | 570,802 | $58.4M | Add +3.8% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 6.38% | 251,628 | $23.0M | Add +1.8% |
| B Barrick Mining Corp. | 5.85% | 484,179 | $21.1M | Reduce -0.7% |
| AEM Agnico Eagle Mines Ltd. | 4.72% | 100,443 | $17.0M | Reduce -0.5% |
| VOD Vodafone Group PLC-SP ADR | 2.59% | 707,326 | $9.3M | Add +0.4% |
| GSK GSK PLC-Spon ADR | 2.45% | 180,109 | $8.8M | Add +0.3% |
| OII Oceaneering Intl Inc. | 2.36% | 354,356 | $8.5M | Reduce -1.0% |
| SU Suncor Energy Inc. | 2.17% | 176,383 | $7.8M | Add +1.0% |
| CRRFY Carrefour SA-SP ADR | 2.16% | 2,336,444 | $7.8M | Add +1.4% |
| TTE Totalenergies SE -Spon ADR | 1.88% | 103,594 | $6.8M | Add +1.8% |
| JSAIY J. Sainsbury PLC-Spons ADR | 1.70% | 341,951 | $6.1M | Add +1.3% |
| VZ Verizon Communications Inc. | 1.68% | 148,904 | $6.1M | Add +5.1% |
| PAAS Pan American Silver Corp. | 1.66% | 115,291 | $6.0M | Add +1.1% |
| LBTYK Liberty Global Ltd. Class C | 1.64% | 535,831 | $5.9M | Reduce -1.1% |
| UL Unilever PLC | 1.63% | 89,984 | $5.9M | Reduce -10.9% |
| EQNR Equinor ASA-Spon ADR | 1.63% | 248,975 | $5.9M | Add +1.3% |
| LMT Lockheed Martin Corp. | 1.43% | 10,700 | $5.2M | Add +0.9% |
| TALO Talos Energy Inc. | 1.36% | 443,738 | $4.9M | Add +1.3% |
| TAP Molson Coors Beverage Co. Class B | 1.06% | 81,638 | $3.8M | Add +4.3% |
| PM Philip Morris International | 1.03% | 23,241 | $3.7M | Reduce -3.7% |
| HD Home Depot Inc. | 0.92% | 9,660 | $3.3M | Reduce -3.0% |
| UPS United Parcel Service Class B | 0.89% | 32,357 | $3.2M | Reduce -5.5% |
| RIG Transocean Ltd. | 0.79% | 687,604 | $2.8M | Add +4.4% |
| CALM Cal-Maine Foods Inc. | 0.75% | 33,851 | $2.7M | Add +1.6% |
| SLB SLB Ltd. filed as SLB LIMITED | 0.71% | 66,829 | $2.6M | Reduce -3.6% |
| LW Lamb Weston Holdings Inc. | 0.62% | 53,734 | $2.3M | Add +7.8% |
| XOM Exxon Mobil Corp. | 0.61% | 18,304 | $2.2M | Reduce -4.7% |
| JNJ Johnson & Johnson | 0.59% | 10,237 | $2.1M | Reduce -3.7% |
| GDX Vaneck Gold Miners ETF | 0.51% | 21,350 | $1.8M | No change |
| NEM Newmont Corp. | 0.47% | 16,954 | $1.7M | Reduce -0.1% |
| TMO Thermo Fisher Scientific Inc. | 0.45% | 2,793 | $1.6M | Reduce -2.9% |
| CVX Chevron Corp. | 0.44% | 10,488 | $1.6M | Reduce -0.6% |
| SYK Stryker Corp. | 0.28% | 2,880 | $1.0M | No change |
| PEP Pepsico Inc. | 0.27% | 6,830 | $980K | No change |
| COST Costco Wholesale Corp. | 0.27% | 1,135 | $979K | Reduce -9.2% |
| AAPL Apple Inc. | 0.21% | 2,776 | $755K | Reduce -1.8% |
| JPM JPMorgan Chase & Co. | 0.21% | 2,325 | $749K | Reduce -0.4% |
| WY Weyerhaeuser Co. | 0.20% | 29,762 | $705K | Reduce -19.1% |
| MMM 3M Co. | 0.18% | 4,040 | $647K | Reduce -0.9% |
| NG Novagold Resources Inc. | 0.17% | 67,475 | $629K | No change |
| DOV Dover Corp. | 0.17% | 3,075 | $600K | Reduce -3.9% |
| APH Amphenol Corp. Class A | 0.15% | 4,000 | $541K | No change |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.14% | 4,480 | $510K | Reduce -1.3% |
| ORLY O'reilly Automotive Inc. | 0.13% | 5,153 | $470K | Reduce -3.8% |
| COP Conocophillips | 0.13% | 4,901 | $459K | No change |
| MSFT Microsoft Corp. | 0.12% | 858 | $415K | Reduce -4.5% |
| ABBV Abbvie Inc. | 0.11% | 1,770 | $404K | Reduce -7.3% |
| HON Honeywell International Inc. | 0.11% | 2,050 | $400K | Reduce -10.9% |
| BMY Bristol-Myers Squibb Co. | 0.10% | 6,837 | $369K | Reduce -0.3% |
| META Meta Platforms Inc. Class A | 0.09% | 503 | $332K | No change |
| MICC The Magnum Ice Cream Co. NV | 0.09% | 20,936 | $332K | Add +3.7% |
| MCD McDonald's Corp. | 0.09% | 1,040 | $318K | No change |
| INTC Intel Corp. | 0.09% | 8,405 | $310K | Reduce -24.0% |
| GOOGL Alphabet Inc. Class A | 0.07% | 803 | $251K | New |
| AMZN Amazon.com Inc. | 0.07% | 1,057 | $244K | No change |
| PSX Phillips 66 | 0.07% | 1,837 | $237K | No change |
| LOW Lowe's Cos Inc. | 0.07% | 980 | $236K | Reduce -23.4% |
| PHYS Sprott Physical Gold Trust | 0.06% | 7,010 | $231K | No change |
| SWKS Skyworks Solutions Inc. | 0.06% | 3,625 | $230K | New |
| MO Altria Group Inc. | 0.06% | 3,797 | $219K | No change |
| URI United Rentals Inc. | 0.06% | 250 | $202K | No change |
Portfolio Sells Q3 2025 → Q4 2025
| SNREY Sunrise Communicat Class A | Sold out | 0.00% | −1.14 |
| KEAT Keating Active ETF | Reduce -1.3% | 26.86% | −0.27 |
| HD Home Depot Inc. | Reduce -3.0% | 0.92% | −0.23 |
| LBTYK Liberty Global Ltd. Class C | Reduce -1.1% | 1.64% | −0.18 |
| OII Oceaneering Intl Inc. | Reduce -1.0% | 2.36% | −0.17 |
| AEM Agnico Eagle Mines Ltd. | Reduce -0.5% | 4.72% | −0.14 |
| PM Philip Morris International | Reduce -3.7% | 1.03% | −0.08 |
| UL Unilever PLC | Reduce -10.9% | 1.63% | −0.08 |
| ORCL Oracle Corp. | Sold out | 0.00% | −0.07 |
| WY Weyerhaeuser Co. | Reduce -19.1% | 0.20% | −0.06 |
| COST Costco Wholesale Corp. | Reduce -9.2% | 0.27% | −0.06 |
| ORLY O'reilly Automotive Inc. | Reduce -3.8% | 0.13% | −0.03 |
| HON Honeywell International Inc. | Reduce -10.9% | 0.11% | −0.03 |
| LOW Lowe's Cos Inc. | Reduce -23.4% | 0.07% | −0.03 |
| CVX Chevron Corp. | Reduce -0.6% | 0.44% | −0.02 |
| INTC Intel Corp. | Reduce -24.0% | 0.09% | −0.02 |
| MSFT Microsoft Corp. | Reduce -4.5% | 0.12% | −0.02 |
| ABBV Abbvie Inc. | Reduce -7.3% | 0.11% | −0.01 |
| XOM Exxon Mobil Corp. | Reduce -4.7% | 0.61% | −0.01 |
| DIS The Walt Disney Co. | Reduce -1.3% | 0.14% | −0.01 |
| JPM JPMorgan Chase & Co. | Reduce -0.4% | 0.21% | −0.00 |
| MMM 3M Co. | Reduce -0.9% | 0.18% | −0.00 |
| AAPL Apple Inc. | Reduce -1.8% | 0.21% | +0.00 |
| BMY Bristol-Myers Squibb Co. | Reduce -0.3% | 0.10% | +0.01 |
| DOV Dover Corp. | Reduce -3.9% | 0.17% | +0.01 |
| JNJ Johnson & Johnson | Reduce -3.7% | 0.59% | +0.02 |
| SLB SLB Ltd. | Reduce -3.6% | 0.71% | +0.03 |
| TMO Thermo Fisher Scientific Inc. | Reduce -2.9% | 0.45% | +0.05 |
| NEM Newmont Corp. | Reduce -0.1% | 0.47% | +0.06 |
| UPS United Parcel Service Class B | Reduce -5.5% | 0.89% | +0.07 |
| B Barrick Mining Corp. | Reduce -0.7% | 5.85% | +1.28 |
Portfolio Buys Q3 2025 → Q4 2025
| PAAS Pan American Silver Corp. | Add +1.1% | 1.66% | +0.40 |
| VOD Vodafone Group PLC-SP ADR | Add +0.4% | 2.59% | +0.26 |
| GSK GSK PLC-Spon ADR | Add +0.3% | 2.45% | +0.24 |
| RIG Transocean Ltd. | Add +4.4% | 0.79% | +0.20 |
| TALO Talos Energy Inc. | Add +1.3% | 1.36% | +0.16 |
| TTE Totalenergies SE -Spon ADR | Add +1.8% | 1.88% | +0.15 |
| CRRFY Carrefour SA-SP ADR | Add +1.4% | 2.16% | +0.14 |
| SU Suncor Energy Inc. | Add +1.0% | 2.17% | +0.08 |
| GOOGL Alphabet Inc. Class A | New | 0.07% | +0.07 |
| SWKS Skyworks Solutions Inc. | New | 0.06% | +0.06 |
| TAP Molson Coors Beverage Co. Class B | Add +4.3% | 1.06% | +0.05 |
| MICC The Magnum Ice Cream Co. NV | Add +3.7% | 0.09% | +0.00 |
| STIP iShares 0-5 Year Tips Bond E | Add +3.8% | 16.20% | −0.02 |
| JSAIY J. Sainsbury PLC-Spons ADR | Add +1.3% | 1.70% | −0.06 |
| LMT Lockheed Martin Corp. | Add +0.9% | 1.43% | −0.08 |
| EQNR Equinor ASA-Spon ADR | Add +1.3% | 1.63% | −0.08 |
| VZ Verizon Communications Inc. | Add +5.1% | 1.68% | −0.10 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Add +1.8% | 6.38% | −0.10 |
| CALM Cal-Maine Foods Inc. | Add +1.6% | 0.75% | −0.15 |
| LW Lamb Weston Holdings Inc. | Add +7.8% | 0.62% | −0.20 |
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 |