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

0$500.0M$1.0B$1.5B Q1 2024: $778.8M Q1 2024 Q2 2024: $809.5M Q2 2024 Q3 2024: $842.6M Q3 2024 Q4 2024: $862.3M $862.3M Q4 2024 Q1 2025: $854.8M Q1 2025 Q2 2025: $940.6M Q2 2025 Q3 2025: $1.0B Q3 2025 Q4 2025: $1.2B Q4 2025 Q1 2026: $1.1B Q1 2026 Q2 2026: $1.2B Q2 2026

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
WM Waste Management Inc. 0.07% 2,823 $570K Add +7.4%
KO The Coca-Cola Co. 0.07% 9,092 $566K Add +42.4%
HPE Hewlett Packard Enterprise 0.07% 26,242 $560K Add +0.4%
DE Deere & Co. 0.06% 1,286 $545K Add +6.2%
LMT Lockheed Martin Corp. 0.06% 1,066 $518K Add +1.2%
AMAT Applied Materials Inc. 0.06% 3,071 $499K Add +0.2%
MDLZ Mondelez International Inc. Class A 0.06% 8,241 $492K No change
F Ford Motor Co. filed as FORD MTR CO 0.05% 46,933 $465K Add +1.7%
ACN Accenture PLC Class A 0.05% 1,273 $448K Add +7.3%
CL Colgate-Palmolive Co. 0.05% 4,884 $444K No change
BMO Bank of Montreal filed as BANK MONTREAL QUE 0.05% 4,538 $440K Add +9.3%
HTLF Heartland Financial USA Inc. 0.05% 7,165 $439K No change
COP Conocophillips 0.05% 4,388 $435K Add +20.9%
RTX RTX Corp. 0.05% 3,753 $434K Add +2.1%
COR Cencora Inc. 0.05% 1,875 $421K Add +38.9%
QCOM Qualcomm Inc. 0.05% 2,735 $420K Add +7.9%
AEHR Aehr Test Systems 0.05% 25,000 $416K No change
AXP American Express Co. 0.05% 1,358 $403K Reduce -4.9%
SLB SLB Ltd. filed as SCHLUMBERGER LTD 0.05% 10,247 $393K Reduce -0.7%
MET Metlife Inc. 0.04% 4,640 $380K Add +3.6%
K Kellanova 0.04% 4,646 $376K No change
EXC Exelon Corp. 0.04% 9,876 $372K Add +32.5%
BP BP PLC-Spons ADR 0.04% 12,408 $367K Add +3.8%
ADI Analog Devices Inc. 0.04% 1,723 $366K No change
KMB Kimberly-Clark Corp. 0.04% 2,759 $362K Reduce -3.5%
Marathon Bancorp Inc. 0.04% 25,000 $350K No change
INTC Intel Corp. 0.04% 17,359 $348K Reduce -34.5%
CMCSA Comcast Corp. Class A 0.04% 8,593 $322K Add +32.3%
SCHW Schwab (charles) Corp. 0.04% 4,258 $315K Reduce -4.5%
ANSS Ansys Inc. 0.04% 908 $306K No change
HON Honeywell International Inc. 0.04% 1,347 $304K Add +9.3%
PLTR Palantir Technologies Inc. Class A 0.04% 4,000 $303K New
AMGN Amgen Inc. 0.04% 1,160 $302K Add +23.0%
SBUX Starbucks Corp. 0.03% 3,218 $294K New
OXY Occidental Petroleum Corp. 0.03% 5,889 $291K Add +20.4%
DHI D.R. Horton Inc. 0.03% 2,079 $291K No change
ROK Rockwell Automation Inc. 0.03% 966 $276K No change
TMUS T-Mobile US Inc. 0.03% 1,250 $276K No change
AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO 0.03% 965 $274K No change
KHC The Kraft Heinz Co. 0.03% 8,311 $255K Reduce -88.9%
JBL Jabil Inc. 0.03% 1,705 $245K No change
LOW Lowe's Cos Inc. 0.03% 981 $242K No change
RPM RPM International Inc. 0.03% 1,933 $238K No change
MMM 3M Co. 0.03% 1,838 $237K Add +20.9%
KKR KKR & Co. Inc. 0.03% 1,590 $235K Reduce -2.4%
PSX Phillips 66 0.03% 2,025 $231K Reduce -2.3%
ARCC Ares Capital Corp. 0.03% 10,370 $227K No change
LYB Lyondellbasell Indu Class A 0.03% 3,056 $227K New
SO The Southern Co. 0.03% 2,732 $225K Add +3.8%
EXAS Exact Sciences Corp. 0.03% 3,987 $224K No change
TSM Taiwan Semiconductor-SP ADR 0.03% 1,114 $220K New
TMO Thermo Fisher Scientific Inc. 0.03% 420 $218K New
BCE Bce Inc. 0.03% 9,288 $215K Reduce -1.6%
OKLO Oklo Inc. 0.02% 10,000 $212K New
CINF Cincinnati Financial Corp. 0.02% 1,467 $211K New
KLAC KLA Corp. 0.02% 332 $209K Reduce -1.2%
MAS Masco Corp. 0.02% 2,880 $209K No change
ELV Elevance Health Inc. 0.02% 551 $203K No change
OSG Octave Specialty Group Inc. filed as AMBAC FINL GROUP INC 0.02% 14,000 $177K No change
SOFI Sofi Technologies Inc. 0.02% 11,000 $169K No change
OI O-I Glass Inc. 0.02% 13,200 $143K No change
WBA Walgreens Boots Alliance Inc. 0.01% 12,950 $121K Reduce -3.4%
VUZI Vuzix Corp. 0.01% 22,000 $87K Add +4.8%
TTI Tetra Technologies Inc. 0.00% 10,000 $36K New
RNGE Range Impact Inc. filed as Malachite Innovations Com 0.00% 74,000 $16K No change
Verses AI Inc. 0.00% 13,175 $15K New
OPK Opko Health Inc. 0.00% 10,000 $15K No change
POWW Outdoor Holding Co. filed as AMMO INC 0.00% 10,000 $11K New
Spooz Inc. 0.00% 1,535,000 $5K No change
P3 HEALTH PARTNERS INC 0.00% 20,000 $4K New
NWBO Northwest Biotherapeutics filed as NW Biotherapeutics 0.00% 10,000 $3K No change
Troy Minerals Inc. 0.00% 10,000 $1K No change
DTZZF Dotz Nano Ltd. 0.00% 10,000 $619 No change
BEEI Bald Eagle Energy Inc. 0.00% 14,000 $0 No change
OPMG Options Media Group Holdings 0.00% 20,000 $0 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

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 283$1.2BNVDA, AAPL, ATI, C, BA
Q1 2026 256$1.1BNVDA, AAPL, ATI, BA, C
Q4 2025 247$1.2BNVDA, AAPL, ATI, BA, C
Q3 2025 180$1.0BNVDA, AAPL, BA, ATI, C
Q2 2025 179$940.6MNVDA, C, BA, ATI, AAPL
Q1 2025 178$854.8MNVDA, BA, C, ATI, APA
Q4 2024 175$862.3MNVDA, BA, C, BMY, ATI
Q3 2024 170$842.6MNVDA, ATI, BMY, C, BA
Q2 2024 161$809.5MNVDA, C, BA, NEM, OGN
Q1 2024 162$778.8MNVDA, C, ATI, BA, WFC