KLCM Advisors, Inc.
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed January 31, 2025), KLCM Advisors, Inc. reported 175 stock positions worth $862.3 million. Its top holding was Nvidia (NVDA) at 25.6% of the portfolio, followed by Boeing (BA, 3.6%) and Citigroup (C, 3.6%). Compared with Q3 2024, it opened 13 new positions, sold out of 8, added to 60 and reduced 61. The biggest buy was Manpowergroup (MAN, shares +154%) and the biggest sale Newmont (NEM, shares −1%).
- Most Recent 13F
- Q2 2026
- Location
- MILWAUKEE, WI
- CIK
- 0001166620
- Portfolio Value
- $862.3M (Q4 2024)
- SEC Filing
- 0001166620-25-000002 ↗ filed Jan 31, 2025
Holdings Value
Holdings 175 stocks · $862.3M
| NVDA Nvidia Corp. | 25.60% | 1,643,988 | $220.8M | Reduce -0.3% |
| BA The Boeing Co. | 3.62% | 176,396 | $31.2M | Add +1.3% |
| C Citigroup Inc. | 3.57% | 436,860 | $30.8M | Reduce -4.3% |
| BMY Bristol-Myers Squibb Co. | 3.49% | 532,539 | $30.1M | Reduce -4.2% |
| ATI Ati Inc. | 2.65% | 414,584 | $22.8M | Reduce -3.6% |
| MCS Marcus Corporation | 2.54% | 1,018,633 | $21.9M | Reduce -38.6% |
| T AT&T Inc. | 2.29% | 867,036 | $19.7M | Reduce -3.8% |
| AAPL Apple Inc. | 2.26% | 77,831 | $19.5M | Reduce -1.7% |
| OGN Organon & Co. | 2.12% | 1,227,649 | $18.3M | Add +1.0% |
| NEM Newmont Corp. | 2.08% | 480,849 | $17.9M | Reduce -0.7% |
| KVUE Kenvue Inc. | 2.05% | 829,671 | $17.7M | Reduce -2.5% |
| WFC Wells Fargo & Co. | 2.00% | 245,656 | $17.3M | Reduce -10.6% |
| MAN Manpowergroup Inc. | 1.99% | 296,594 | $17.1M | Add +153.9% |
| CSCO Cisco Systems Inc. | 1.98% | 288,132 | $17.1M | Reduce -3.2% |
| APA Apa Corp. | 1.86% | 696,024 | $16.1M | Add +19.8% |
| GT Goodyear Tire & Rubber Co. | 1.85% | 1,770,430 | $15.9M | Add +59.4% |
| VZ Verizon Communications Inc. | 1.79% | 385,045 | $15.4M | Reduce -2.4% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 1.76% | 345,219 | $15.2M | Reduce -7.3% |
| TFC Truist Financial Corp. | 1.75% | 348,468 | $15.1M | Reduce -1.4% |
| GTES Gates Industrial Corp. UK Ltd. | 1.71% | 718,687 | $14.8M | Reduce -3.7% |
| CTRA Coterra Energy Inc. | 1.61% | 541,977 | $13.8M | Reduce -6.0% |
| HAL Halliburton Co. | 1.43% | 453,744 | $12.3M | Reduce -6.5% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 1.25% | 96,464 | $10.7M | Reduce -4.5% |
| MDT Medtronic PLC | 1.24% | 133,644 | $10.7M | Reduce -4.5% |
| DOW Dow Inc. | 1.22% | 261,594 | $10.5M | Add +1.5% |
| GM General Motors Co. | 1.17% | 190,096 | $10.1M | Reduce -6.7% |
| BBY Best Buy Co. Inc. | 1.07% | 107,048 | $9.2M | Reduce -1.0% |
| BLDR Builders Firstsource Inc. | 1.02% | 61,417 | $8.8M | Reduce -2.1% |
| HBI Hanesbrands Inc. | 0.94% | 993,252 | $8.1M | Reduce -24.9% |
| PTEN Patterson-Uti Energy Inc. | 0.93% | 972,842 | $8.0M | Reduce -3.7% |
| ZBH Zimmer Biomet Holdings Inc. | 0.91% | 74,083 | $7.8M | New |
| MSFT Microsoft Corp. | 0.80% | 16,362 | $6.9M | Reduce -16.8% |
| USB US Bancorp | 0.73% | 131,116 | $6.3M | Reduce -0.3% |
| LLY Eli Lilly & Co. | 0.61% | 6,847 | $5.3M | No change |
| PFE Pfizer Inc. | 0.58% | 189,694 | $5.0M | Add +44.0% |
| UNP Union Pacific Corp. | 0.54% | 20,519 | $4.7M | Add +0.7% |
| FISV Fiserv Inc. | 0.48% | 20,123 | $4.1M | Reduce -0.6% |
| XOM Exxon Mobil Corp. | 0.46% | 37,154 | $4.0M | Reduce -1.6% |
| CVX Chevron Corp. | 0.46% | 27,179 | $3.9M | Add +0.8% |
| AMZN Amazon.com Inc. | 0.42% | 16,626 | $3.6M | Reduce -19.0% |
| WEC WEC Energy Group Inc. | 0.41% | 37,862 | $3.6M | Add +6.4% |
| JPM JPMorgan Chase & Co. | 0.41% | 14,623 | $3.5M | Add +5.4% |
| KMI Kinder Morgan Inc. | 0.39% | 122,812 | $3.4M | Reduce -12.8% |
| GOOG Alphabet Inc. Class C | 0.38% | 17,371 | $3.3M | Reduce -1.5% |
| PEP Pepsico Inc. | 0.38% | 21,437 | $3.3M | Add +252.9% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.38% | 7,170 | $3.3M | Reduce -2.1% |
| WRB WR Berkley Corp. filed as BERKLEY W R CORP | 0.37% | 54,523 | $3.2M | No change |
| TGT Target Corp. | 0.33% | 20,871 | $2.8M | Add +0.3% |
| UPS United Parcel Service Class B | 0.33% | 22,298 | $2.8M | Add +4.5% |
| GOOGL Alphabet Inc. Class A | 0.33% | 14,834 | $2.8M | Reduce -29.0% |
| TSLA Tesla Inc. | 0.32% | 6,875 | $2.8M | Add +5.1% |
| KEY Keycorp | 0.30% | 151,614 | $2.6M | Add +11.1% |
| CAG Conagra Brands Inc. | 0.28% | 87,025 | $2.4M | New |
| ETN Eaton Corp. PLC | 0.27% | 6,971 | $2.3M | Add +76.0% |
| JCI Johnson Controls Internation | 0.22% | 24,435 | $1.9M | Add +0.8% |
| ABBV Abbvie Inc. | 0.22% | 10,538 | $1.9M | Reduce -1.7% |
| MTG Mgic Investment Corp. | 0.21% | 77,447 | $1.8M | No change |
| PG The Procter & Gamble Co. | 0.21% | 10,595 | $1.8M | Reduce -1.9% |
| UNH Unitedhealth Group Inc. | 0.19% | 3,243 | $1.6M | Add +1.6% |
| META Meta Platforms Inc. Class A | 0.18% | 2,595 | $1.5M | Reduce -34.0% |
| NUE Nucor Corp. | 0.17% | 12,881 | $1.5M | No change |
| AMD Advanced Micro Devices | 0.17% | 12,274 | $1.5M | Reduce -14.0% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.17% | 6,619 | $1.5M | Add +14.9% |
| COST Costco Wholesale Corp. | 0.17% | 1,563 | $1.4M | Reduce -1.5% |
| PM Philip Morris International | 0.16% | 11,772 | $1.4M | Reduce -15.5% |
| MRK Merck & Co. Inc. | 0.16% | 13,732 | $1.4M | Add +2.9% |
| GE General Electric filed as GE AEROSPACE | 0.16% | 8,123 | $1.4M | Add +11.8% |
| NFLX Netflix Inc. | 0.15% | 1,460 | $1.3M | Reduce -47.1% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.15% | 3,720 | $1.3M | Add +37.5% |
| FAST Fastenal Co. | 0.14% | 17,140 | $1.2M | Add +1.8% |
| V Visa Inc. Class A | 0.14% | 3,881 | $1.2M | Add +3.9% |
| MS Morgan Stanley | 0.14% | 9,733 | $1.2M | Add +10.4% |
| ABT Abbott Laboratories | 0.14% | 10,378 | $1.2M | Add +1.2% |
| MGEE Mge Energy Inc. | 0.13% | 12,225 | $1.1M | Reduce -5.8% |
| HD Home Depot Inc. | 0.13% | 2,829 | $1.1M | Add +1.4% |
| AVGO Broadcom Inc. | 0.13% | 4,700 | $1.1M | Reduce -46.2% |
| MCD McDonald's Corp. | 0.12% | 3,684 | $1.1M | Add +22.0% |
| NOW ServiceNow Inc. | 0.12% | 1,000 | $1.1M | Reduce -50.0% |
| JNJ Johnson & Johnson | 0.12% | 7,186 | $1.0M | Add +2.0% |
| CAT Caterpillar Inc. | 0.12% | 2,777 | $1.0M | Reduce -11.7% |
| MO Altria Group Inc. | 0.12% | 19,098 | $999K | Add +10.0% |
| WMT Walmart Inc. | 0.11% | 10,695 | $966K | Add +22.3% |
| ASB Associated Banc-Corp. | 0.11% | 40,360 | $965K | Reduce -11.9% |
| LNT Alliant Energy Corp. | 0.11% | 16,133 | $954K | Add +66.3% |
| ITW Illinois Tool Works | 0.11% | 3,741 | $949K | Add +2.0% |
| MA Mastercard Inc. Class A | 0.11% | 1,776 | $935K | Reduce -5.3% |
| XEL Xcel Energy Inc. | 0.10% | 13,200 | $891K | No change |
| DUK Duke Energy Corp. | 0.10% | 7,964 | $858K | Add +8.7% |
| COSO Coastal South Bancshares Inc. | 0.09% | 37,046 | $813K | No change |
| AEM Agnico Eagle Mines Ltd. | 0.09% | 10,018 | $784K | No change |
| NSC Norfolk Southern Corp. | 0.09% | 3,125 | $733K | No change |
| GEV GE Vernova Inc. | 0.08% | 2,136 | $703K | Add +10.4% |
| TXN Texas Instruments Inc. | 0.08% | 3,721 | $698K | Reduce -3.4% |
| FIS Fidelity National Info Serv | 0.08% | 8,530 | $689K | Reduce -5.2% |
| ORCL Oracle Corp. | 0.07% | 3,803 | $634K | Reduce -1.0% |
| EMR Emerson Electric Co. | 0.07% | 5,113 | $634K | No change |
| CEG Constellation Energy | 0.07% | 2,776 | $621K | Add +43.5% |
| ADBE Adobe Inc. | 0.07% | 1,375 | $611K | Reduce -46.6% |
| MCK McKesson Corp. | 0.07% | 1,045 | $596K | No change |
| MSI Motorola Solutions Inc. | 0.07% | 1,241 | $574K | No change |
Portfolio Sells Q3 2024 → Q4 2024
| NEM Newmont Corp. | Reduce -0.7% | 2.08% | −1.00 |
| ATI Ati Inc. | Reduce -3.6% | 2.65% | −0.77 |
| MCS Marcus Corporation | Reduce -38.6% | 2.54% | −0.43 |
| BLDR Builders Firstsource Inc. | Reduce -2.1% | 1.02% | −0.42 |
| VZ Verizon Communications Inc. | Reduce -2.4% | 1.79% | −0.32 |
| KHC The Kraft Heinz Co. | Reduce -88.9% | 0.03% | −0.28 |
| KVUE Kenvue Inc. | Reduce -2.5% | 2.05% | −0.28 |
| BBY Best Buy Co. Inc. | Reduce -1.0% | 1.07% | −0.26 |
| MDT Medtronic PLC | Reduce -4.5% | 1.24% | −0.26 |
| HAL Halliburton Co. | Reduce -6.5% | 1.43% | −0.24 |
| HBI Hanesbrands Inc. | Reduce -24.9% | 0.94% | −0.22 |
| MSFT Microsoft Corp. | Reduce -16.8% | 0.80% | −0.20 |
| KSS Kohls Corp. | Sold out | 0.00% | −0.14 |
| AMD Advanced Micro Devices | Reduce -14.0% | 0.17% | −0.11 |
| META Meta Platforms Inc. Class A | Reduce -34.0% | 0.18% | −0.09 |
| NOW ServiceNow Inc. | Reduce -50.0% | 0.12% | −0.09 |
| ADBE Adobe Inc. | Reduce -46.6% | 0.07% | −0.09 |
| GOOGL Alphabet Inc. Class A | Reduce -29.0% | 0.33% | −0.09 |
| NFLX Netflix Inc. | Reduce -47.1% | 0.15% | −0.08 |
| T AT&T Inc. | Reduce -3.8% | 2.29% | −0.06 |
| XOM Exxon Mobil Corp. | Reduce -1.6% | 0.46% | −0.06 |
| AVGO Broadcom Inc. | Reduce -46.2% | 0.13% | −0.05 |
| HP Helmerich & Payne | Sold out | 0.00% | −0.05 |
| TFC Truist Financial Corp. | Reduce -1.4% | 1.75% | −0.04 |
| PM Philip Morris International | Reduce -15.5% | 0.16% | −0.04 |
| ABBV Abbvie Inc. | Reduce -1.7% | 0.22% | −0.03 |
| INTC Intel Corp. | Reduce -34.5% | 0.04% | −0.03 |
| CTRA Coterra Energy Inc. | Reduce -6.0% | 1.61% | −0.03 |
| AMZN Amazon.com Inc. | Reduce -19.0% | 0.42% | −0.03 |
| CAT Caterpillar Inc. | Reduce -11.7% | 0.12% | −0.03 |
| PPG PPG Industries Inc. | Sold out | 0.00% | −0.03 |
| NVO Novo-Nordisk A/S-Spons ADR | Sold out | 0.00% | −0.03 |
| OMC Omnicom Group | Sold out | 0.00% | −0.03 |
| HSY The Hershey Co. | Sold out | 0.00% | −0.02 |
| TOL Toll Brothers Inc. | Sold out | 0.00% | −0.02 |
| CVS CVS Health Corp. | Sold out | 0.00% | −0.02 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -2.1% | 0.38% | −0.02 |
| PG The Procter & Gamble Co. | Reduce -1.9% | 0.21% | −0.02 |
| BCE Bce Inc. | Reduce -1.6% | 0.03% | −0.01 |
| TXN Texas Instruments Inc. | Reduce -3.4% | 0.08% | −0.01 |
| FIS Fidelity National Info Serv | Reduce -5.2% | 0.08% | −0.01 |
| MGEE Mge Energy Inc. | Reduce -5.8% | 0.13% | −0.01 |
| KLAC KLA Corp. | Reduce -1.2% | 0.02% | −0.01 |
| KMB Kimberly-Clark Corp. | Reduce -3.5% | 0.04% | −0.01 |
| SLB SLB Ltd. | Reduce -0.7% | 0.05% | −0.01 |
| PSX Phillips 66 | Reduce -2.3% | 0.03% | −0.01 |
| ASB Associated Banc-Corp. | Reduce -11.9% | 0.11% | −0.01 |
| ORCL Oracle Corp. | Reduce -1.0% | 0.07% | −0.00 |
| MA Mastercard Inc. Class A | Reduce -5.3% | 0.11% | −0.00 |
| COST Costco Wholesale Corp. | Reduce -1.5% | 0.17% | −0.00 |
Portfolio Buys Q3 2024 → Q4 2024
| MAN Manpowergroup Inc. | Add +153.9% | 1.99% | +0.97 |
| ZBH Zimmer Biomet Holdings Inc. | New | 0.91% | +0.91 |
| GT Goodyear Tire & Rubber Co. | Add +59.4% | 1.85% | +0.68 |
| BA The Boeing Co. | Add +1.3% | 3.62% | +0.48 |
| CAG Conagra Brands Inc. | New | 0.28% | +0.28 |
| PEP Pepsico Inc. | Add +252.9% | 0.38% | +0.26 |
| APA Apa Corp. | Add +19.8% | 1.86% | +0.18 |
| PFE Pfizer Inc. | Add +44.0% | 0.58% | +0.13 |
| TSLA Tesla Inc. | Add +5.1% | 0.32% | +0.12 |
| ETN Eaton Corp. PLC | Add +76.0% | 0.27% | +0.11 |
| JPM JPMorgan Chase & Co. | Add +5.4% | 0.41% | +0.06 |
| CRWD CrowdStrike Holdings Inc. Class A | Add +37.5% | 0.15% | +0.06 |
| LNT Alliant Energy Corp. | Add +66.3% | 0.11% | +0.04 |
| PLTR Palantir Technologies Inc. Class A | New | 0.04% | +0.04 |
| SBUX Starbucks Corp. | New | 0.03% | +0.03 |
| MS Morgan Stanley | Add +10.4% | 0.14% | +0.03 |
| KEY Keycorp | Add +11.1% | 0.30% | +0.03 |
| WMT Walmart Inc. | Add +22.3% | 0.11% | +0.03 |
| LYB Lyondellbasell Indu Class A | New | 0.03% | +0.03 |
| TSM Taiwan Semiconductor-SP ADR | New | 0.03% | +0.03 |
| TMO Thermo Fisher Scientific Inc. | New | 0.03% | +0.03 |
| OKLO Oklo Inc. | New | 0.02% | +0.02 |
| CINF Cincinnati Financial Corp. | New | 0.02% | +0.02 |
| GEV GE Vernova Inc. | Add +10.4% | 0.08% | +0.02 |
| V Visa Inc. Class A | Add +3.9% | 0.14% | +0.02 |
| IBM Intl Business Machines Corp. | Add +14.9% | 0.17% | +0.02 |
| MCD McDonald's Corp. | Add +22.0% | 0.12% | +0.01 |
| COR Cencora Inc. | Add +38.9% | 0.05% | +0.01 |
| CEG Constellation Energy | Add +43.5% | 0.07% | +0.01 |
| KO The Coca-Cola Co. | Add +42.4% | 0.07% | +0.01 |
| MO Altria Group Inc. | Add +10.0% | 0.12% | +0.01 |
| EXC Exelon Corp. | Add +32.5% | 0.04% | +0.01 |
| VUZI Vuzix Corp. | Add +4.8% | 0.01% | +0.01 |
| BMO Bank of Montreal | Add +9.3% | 0.05% | +0.01 |
| WEC WEC Energy Group Inc. | Add +6.4% | 0.41% | +0.01 |
| CMCSA Comcast Corp. Class A | Add +32.3% | 0.04% | +0.01 |
| COP Conocophillips | Add +20.9% | 0.05% | +0.01 |
| HON Honeywell International Inc. | Add +9.3% | 0.04% | +0.01 |
| TTI Tetra Technologies Inc. | New | 0.00% | +0.00 |
| OXY Occidental Petroleum Corp. | Add +20.4% | 0.03% | +0.00 |
| DE Deere & Co. | Add +6.2% | 0.06% | +0.00 |
| MMM 3M Co. | Add +20.9% | 0.03% | +0.00 |
| ACN Accenture PLC Class A | Add +7.3% | 0.05% | +0.00 |
| Verses AI Inc. | New | 0.00% | +0.00 |
| HPE Hewlett Packard Enterprise | Add +0.4% | 0.07% | +0.00 |
| POWW Outdoor Holding Co. | New | 0.00% | +0.00 |
| WM Waste Management Inc. | Add +7.4% | 0.07% | +0.00 |
| P3 HEALTH PARTNERS INC | New | 0.00% | +0.00 |
| JCI Johnson Controls Internation | Add +0.8% | 0.22% | +0.00 |
| FAST Fastenal Co. | Add +1.8% | 0.14% | +0.00 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 283 | $1.2B | NVDA, AAPL, ATI, C, BA |
| Q1 2026 | 256 | $1.1B | NVDA, AAPL, ATI, BA, C |
| Q4 2025 | 247 | $1.2B | NVDA, AAPL, ATI, BA, C |
| Q3 2025 | 180 | $1.0B | NVDA, AAPL, BA, ATI, C |
| Q2 2025 | 179 | $940.6M | NVDA, C, BA, ATI, AAPL |
| Q1 2025 | 178 | $854.8M | NVDA, BA, C, ATI, APA |
| Q4 2024 | 175 | $862.3M | NVDA, BA, C, BMY, ATI |
| Q3 2024 | 170 | $842.6M | NVDA, ATI, BMY, C, BA |
| Q2 2024 | 161 | $809.5M | NVDA, C, BA, NEM, OGN |
| Q1 2024 | 162 | $778.8M | NVDA, C, ATI, BA, WFC |