KLCM Advisors, Inc.

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 13, 2025), KLCM Advisors, Inc. reported 180 stock positions worth $1.0 billion. Its top holding was Nvidia (NVDA) at 26.8% of the portfolio, followed by Apple (AAPL, 6.8%) and Boeing (BA, 3.2%). Compared with Q2 2025, it opened 21 new positions, sold out of 20, added to 49 and reduced 69. The biggest buy was Apple (AAPL, shares +117%) and the biggest sale Citigroup (C, shares −31%).

Most Recent 13F
Q2 2026
Location
MILWAUKEE, WI
CIK
0001166620
Portfolio Value
$1.0B (Q3 2025)
SEC Filing
0001166620-25-000007 ↗ filed Nov 13, 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 Q4 2024 Q1 2025: $854.8M Q1 2025 Q2 2025: $940.6M Q2 2025 Q3 2025: $1.0B $1.0B Q3 2025 Q4 2025: $1.2B Q4 2025 Q1 2026: $1.1B Q1 2026 Q2 2026: $1.2B Q2 2026

Holdings 180 stocks · $1.0B

NVDA Nvidia Corp. 26.84% 1,442,584 $269.2M Reduce -10.6%
AAPL Apple Inc. 6.80% 267,980 $68.2M Add +117.1%
BA The Boeing Co. 3.25% 150,923 $32.6M Add +1.6%
ATI Ati Inc. 2.87% 353,837 $28.8M Add +2.5%
C Citigroup Inc. 2.72% 268,580 $27.3M Reduce -30.6%
META Meta Platforms Inc. Class A 2.65% 36,171 $26.6M Add +24.3%
MAN Manpowergroup Inc. 2.10% 556,951 $21.1M Add +1.6%
BLDR Builders Firstsource Inc. 1.97% 162,649 $19.7M Reduce -18.1%
WFC Wells Fargo & Co. 1.92% 230,035 $19.3M Reduce -3.8%
UPS United Parcel Service Class B 1.73% 208,088 $17.4M Add +42.8%
APA Apa Corp. 1.69% 696,919 $16.9M Reduce -12.2%
GTES Gates Industrial Corp. UK Ltd. 1.67% 675,733 $16.8M Reduce -4.4%
BAC Bank of America Corp. filed as BANK AMERICA CORP 1.66% 323,356 $16.7M Reduce -5.4%
HAL Halliburton Co. 1.66% 675,560 $16.6M Reduce -4.0%
MCS Marcus Corporation 1.57% 1,014,951 $15.7M Add +1.1%
TFC Truist Financial Corp. 1.55% 339,398 $15.5M Reduce -0.2%
CAG Conagra Brands Inc. 1.52% 831,447 $15.2M Add +2.9%
VZ Verizon Communications Inc. 1.51% 343,850 $15.1M Reduce -7.6%
CSCO Cisco Systems Inc. 1.49% 219,013 $15.0M Reduce -4.2%
BMY Bristol-Myers Squibb Co. 1.45% 321,868 $14.5M Reduce -5.2%
HXL Hexcel Corp. 1.33% 212,280 $13.3M Reduce -4.6%
AVGO Broadcom Inc. 1.32% 40,078 $13.2M Add +9.2%
GT Goodyear Tire & Rubber Co. 1.27% 1,698,701 $12.7M Reduce -2.1%
OGN Organon & Co. 1.20% 1,122,830 $12.0M Reduce -8.0%
MSFT Microsoft Corp. 1.16% 22,366 $11.6M Add +35.2%
GM General Motors Co. 1.10% 180,336 $11.0M Reduce -3.2%
DOW Dow Inc. 1.08% 470,351 $10.8M Add +9.2%
NKE Nike Inc. Class B 1.03% 148,314 $10.3M Reduce -8.8%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.95% 83,117 $9.5M Reduce -8.8%
KVUE Kenvue Inc. 0.87% 537,435 $8.7M Reduce -1.9%
TGT Target Corp. 0.86% 96,011 $8.6M Reduce -2.6%
BBY Best Buy Co. Inc. 0.80% 106,273 $8.0M Reduce -0.3%
ZBH Zimmer Biomet Holdings Inc. 0.71% 72,714 $7.2M Reduce -0.4%
LPX Louisiana-Pacific Corp. 0.68% 76,358 $6.8M New
PTEN Patterson-Uti Energy Inc. 0.64% 1,230,543 $6.4M Reduce -6.7%
USB US Bancorp 0.62% 127,939 $6.2M Reduce -2.6%
AMZN Amazon.com Inc. 0.59% 26,777 $5.9M Add +55.1%
JPM JPMorgan Chase & Co. 0.48% 15,147 $4.8M Reduce -4.9%
WEC WEC Energy Group Inc. 0.47% 41,533 $4.8M Add +4.3%
TPL Texas Pacific Land Corp. 0.47% 5,014 $4.7M No change
PFE Pfizer Inc. 0.44% 174,819 $4.5M Reduce -2.9%
CVX Chevron Corp. 0.42% 26,970 $4.2M Reduce -2.6%
WRB WR Berkley Corp. filed as BERKLEY W R CORP 0.42% 54,523 $4.2M No change
GOOG Alphabet Inc. Class C 0.40% 16,412 $4.0M Reduce -1.7%
TSLA Tesla Inc. 0.34% 7,744 $3.4M Add +7.0%
GOOGL Alphabet Inc. Class A 0.33% 13,772 $3.3M Reduce -6.8%
BRK.B Berkshire Hathaway Inc. Class B 0.33% 6,593 $3.3M Reduce -4.8%
PEP Pepsico Inc. 0.32% 23,108 $3.2M Add +4.6%
XOM Exxon Mobil Corp. 0.30% 26,855 $3.0M Reduce -30.2%
KEY Keycorp 0.26% 141,630 $2.6M Reduce -3.5%
PLTR Palantir Technologies Inc. Class A 0.25% 14,010 $2.6M Add +0.1%
FISV Fiserv Inc. 0.24% 18,943 $2.4M Reduce -0.1%
GE General Electric filed as GE AEROSPACE 0.24% 8,019 $2.4M Add +0.1%
JCI Johnson Controls Internation 0.24% 21,559 $2.4M Reduce -8.5%
KMB Kimberly-Clark Corp. 0.23% 18,558 $2.3M Reduce -5.0%
AEHR Aehr Test Systems 0.23% 75,000 $2.3M Add +200.0%
ABBV Abbvie Inc. 0.22% 9,491 $2.2M Reduce -2.5%
QCOM Qualcomm Inc. 0.21% 12,666 $2.1M Add +375.1%
WY Weyerhaeuser Co. 0.20% 82,812 $2.1M New
AMD Advanced Micro Devices 0.20% 12,609 $2.0M No change
LRCX Lam Research Corp. 0.20% 15,097 $2.0M New
COSO Coastal South Bancshares Inc. 0.20% 90,474 $2.0M Add +144.2%
PM Philip Morris International 0.19% 11,754 $1.9M Reduce -9.5%
CRNT Ceragon Networks Ltd. 0.18% 795,973 $1.9M No change
CRWD CrowdStrike Holdings Inc. Class A 0.18% 3,715 $1.8M No change
MTG Mgic Investment Corp. 0.18% 62,880 $1.8M Reduce -13.7%
AEM Agnico Eagle Mines Ltd. 0.17% 10,118 $1.7M Add +1.0%
FAST Fastenal Co. 0.17% 33,800 $1.7M Add +0.8%
MS Morgan Stanley 0.16% 10,295 $1.6M Add +7.7%
CLX Clorox Company 0.16% 13,135 $1.6M New
T AT&T Inc. 0.16% 55,621 $1.6M Reduce -0.7%
NEM Newmont Corp. 0.15% 18,382 $1.5M No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.15% 5,200 $1.5M Reduce -16.5%
ETN Eaton Corp. PLC 0.14% 3,881 $1.5M Reduce -2.3%
FTNT Fortinet Inc. 0.14% 16,125 $1.4M New
COST Costco Wholesale Corp. 0.13% 1,452 $1.3M Add +1.8%
CAT Caterpillar Inc. 0.13% 2,816 $1.3M Add +0.6%
NUE Nucor Corp. 0.13% 9,881 $1.3M Reduce -23.3%
HD Home Depot Inc. 0.13% 3,279 $1.3M Add +13.5%
JNJ Johnson & Johnson 0.13% 6,989 $1.3M Reduce -2.7%
ABT Abbott Laboratories 0.13% 9,643 $1.3M Reduce -2.7%
MO Altria Group Inc. 0.13% 19,501 $1.3M Reduce -5.7%
WMT Walmart Inc. 0.13% 12,247 $1.3M Add +2.7%
V Visa Inc. Class A 0.12% 3,623 $1.2M Reduce -2.7%
GEV GE Vernova Inc. 0.12% 1,928 $1.2M Reduce -2.7%
MRK Merck & Co. Inc. 0.11% 13,385 $1.1M Add +4.3%
OKLO Oklo Inc. 0.11% 10,000 $1.1M No change
ORCL Oracle Corp. 0.11% 3,941 $1.1M Add +1.4%
LNT Alliant Energy Corp. 0.11% 16,144 $1.1M Reduce -0.0%
MCD McDonald's Corp. 0.10% 3,451 $1.0M Add +28.7%
ASB Associated Banc-Corp. 0.10% 40,360 $1.0M No change
MGEE Mge Energy Inc. 0.10% 12,225 $1.0M No change
LLY Eli Lilly & Co. 0.10% 1,320 $1.0M Reduce -80.9%
TXN Texas Instruments Inc. 0.10% 5,472 $1.0M Add +3.4%
UNH Unitedhealth Group Inc. 0.10% 2,907 $1.0M Reduce -8.5%
PG The Procter & Gamble Co. 0.10% 6,397 $983K Reduce -37.7%
ITW Illinois Tool Works 0.10% 3,767 $982K Add +0.7%
MCK McKesson Corp. 0.09% 1,198 $926K Add +14.6%
XEL Xcel Energy Inc. 0.09% 10,950 $883K Reduce -17.1%
MA Mastercard Inc. Class A 0.09% 1,525 $867K Reduce -17.0%
DUK Duke Energy Corp. 0.08% 6,827 $845K Reduce -5.5%
KMI Kinder Morgan Inc. 0.08% 28,836 $816K Reduce -0.5%
COR Cencora Inc. 0.07% 2,265 $708K New
EMR Emerson Electric Co. 0.07% 5,157 $676K Reduce -0.0%
CEG Constellation Energy 0.06% 1,976 $650K No change
MSI Motorola Solutions Inc. 0.06% 1,386 $634K Add +11.7%
LMT Lockheed Martin Corp. 0.06% 1,252 $625K Add +1.6%
FIS Fidelity National Info Serv 0.06% 9,269 $611K Add +1.0%
NSC Norfolk Southern Corp. 0.06% 2,000 $601K Reduce -31.6%
WM Waste Management Inc. 0.06% 2,676 $591K Reduce -5.5%
UMBF Umb Financial Corp. 0.06% 4,878 $577K No change
RTX RTX Corp. 0.06% 3,327 $557K Reduce -7.7%
F Ford Motor Co. filed as FORD MTR CO 0.06% 46,166 $552K Reduce -14.2%
INTC Intel Corp. 0.06% 16,438 $551K Reduce -5.3%
BMO Bank of Montreal filed as BANK MONTREAL QUE 0.05% 4,162 $542K Reduce -0.5%
ADI Analog Devices Inc. 0.05% 2,181 $536K Add +13.4%
CIEN Ciena Corp. 0.05% 3,310 $482K New
SOFI Sofi Technologies Inc. 0.05% 17,977 $475K Add +47.4%
SCHW Schwab (charles) Corp. 0.05% 4,929 $471K Add +19.2%
SLB SLB Ltd. filed as SCHLUMBERGER LTD 0.05% 13,167 $453K Add +28.5%
AXP American Express Co. 0.04% 1,358 $451K No change
KO The Coca-Cola Co. 0.04% 6,749 $448K Add +9.2%
AMAT Applied Materials Inc. 0.04% 2,166 $444K Reduce -29.5%
COP Conocophillips 0.04% 4,606 $436K No change
MDLZ Mondelez International Inc. Class A 0.04% 6,841 $427K Reduce -22.6%
L Loews Corp. 0.04% 4,170 $419K No change
TMUS T-Mobile US Inc. 0.04% 1,718 $411K Add +35.5%
GLW Corning Inc. 0.04% 4,790 $393K New
CL Colgate-Palmolive Co. 0.04% 4,769 $381K Reduce -2.8%
BP BP PLC-Spons ADR 0.04% 11,051 $381K Reduce -12.7%
K Kellanova 0.04% 4,621 $379K No change
JBL Jabil Inc. 0.04% 1,705 $370K No change
DHI D.R. Horton Inc. 0.04% 2,144 $363K Add +3.1%
Marathon Bancorp Inc. 0.04% 34,320 $358K No change
MET Metlife Inc. 0.04% 4,338 $357K Reduce -0.9%
HON Honeywell International Inc. 0.03% 1,642 $346K Reduce -10.5%
EXC Exelon Corp. 0.03% 7,476 $336K No change
AMGN Amgen Inc. 0.03% 1,160 $327K No change
SO The Southern Co. 0.03% 3,428 $325K Add +19.8%
AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO 0.03% 1,032 $320K Add +6.9%
CNM Core & Main Inc. Class A 0.03% 5,400 $291K New
BMI Badger Meter Inc. 0.03% 1,600 $286K No change
MAS Masco Corp. 0.03% 3,969 $279K Add +25.2%
SBUX Starbucks Corp. 0.03% 3,204 $271K Add +1.2%
PANW Palo Alto Networks Inc. 0.03% 1,300 $265K New
RSG Republic Services Inc. 0.02% 1,088 $250K New
ACN Accenture PLC Class A 0.02% 967 $238K Reduce -32.8%
TOL Toll Brothers Inc. 0.02% 1,726 $238K New
CTRA Coterra Energy Inc. 0.02% 9,855 $233K Add +4.2%
STT State Street Corp. 0.02% 2,000 $232K No change
GS Goldman Sachs Group Inc. 0.02% 291 $232K No change
OLN Olin Corp. 0.02% 9,174 $229K New
RPM RPM International Inc. 0.02% 1,933 $228K No change
ENB Enbridge Inc. 0.02% 4,421 $223K No change
HP Helmerich & Payne 0.02% 10,000 $221K New
CMCSA Comcast Corp. Class A 0.02% 6,972 $219K No change
EXAS Exact Sciences Corp. 0.02% 3,987 $218K No change
UBER Uber Technologies Inc. 0.02% 2,179 $213K New
PH Parker Hannifin Corp. 0.02% 279 $212K New
ARCC Ares Capital Corp. 0.02% 10,370 $212K No change
GILD Gilead Sciences Inc. 0.02% 1,858 $206K Add +2.8%
IMO Imperial Oil Ltd. 0.02% 2,271 $206K New
HSY The Hershey Co. 0.02% 1,097 $205K New
KKR KKR & Co. Inc. 0.02% 1,577 $205K No change
RCL Royal Caribbean Cruises Ltd. 0.02% 625 $202K New
NIC Nicolet Bankshares Inc. 0.02% 1,500 $202K New
OSG Octave Specialty Group Inc. filed as AMBAC FINL GROUP INC 0.02% 24,000 $200K No change
OI O-I Glass Inc. 0.01% 10,000 $130K No change
TTI Tetra Technologies Inc. 0.01% 10,000 $58K No change
PSRHF Pulsar Helium Inc. 0.00% 50,000 $16K No change
RNGE Range Impact Inc. 0.00% 74,000 $16K No change
OPK Opko Health Inc. 0.00% 10,000 $16K No change
POWW Outdoor Holding Co. 0.00% 10,000 $15K No change
LBSR Liberty Star Uranium & Metal 0.00% 201,374 $11K No change
NWBO Northwest Biotherapeutics 0.00% 10,000 $2K No change
Troy Minerals Inc. 0.00% 20,000 $2K No change
DTZZF Dotz Nano Ltd. 0.00% 10,000 $589 No change
CEOS Cecors Inc. 0.00% 20,000 $78 New
ISCNF Isracann Biosciences Inc. 0.00% 12,000 $0 No change
OPMG Options Media Group Holdings 0.00% 20,000 $0 No change

Portfolio Sells Q2 2025 → Q3 2025

C Citigroup Inc. Reduce -30.6% 2.72% −0.78
GT Goodyear Tire & Rubber Co. Reduce -2.1% 1.27% −0.65
UNP Union Pacific Corp. Sold out 0.00% −0.50
BLDR Builders Firstsource Inc. Reduce -18.1% 1.97% −0.50
LLY Eli Lilly & Co. Reduce -80.9% 0.10% −0.47
HBI Hanesbrands Inc. Sold out 0.00% −0.46
KVUE Kenvue Inc. Reduce -1.9% 0.87% −0.35
DIS The Walt Disney Co. Reduce -8.8% 0.95% −0.25
NVDA Nvidia Corp. Reduce -10.6% 26.84% −0.25
BMY Bristol-Myers Squibb Co. Reduce -5.2% 1.45% −0.22
NFLX Netflix Inc. Sold out 0.00% −0.21
VZ Verizon Communications Inc. Reduce -7.6% 1.51% −0.20
NKE Nike Inc. Class B Reduce -8.8% 1.03% −0.20
PTEN Patterson-Uti Energy Inc. Reduce -6.7% 0.64% −0.20
CSCO Cisco Systems Inc. Reduce -4.2% 1.49% −0.19
TGT Target Corp. Reduce -2.6% 0.86% −0.17
XOM Exxon Mobil Corp. Reduce -30.2% 0.30% −0.14
WFC Wells Fargo & Co. Reduce -3.8% 1.92% −0.11
NOW ServiceNow Inc. Sold out 0.00% −0.11
FISV Fiserv Inc. Reduce -0.1% 0.24% −0.10
PG The Procter & Gamble Co. Reduce -37.7% 0.10% −0.08
DE Deere & Co. Sold out 0.00% −0.07
PM Philip Morris International Reduce -9.5% 0.19% −0.06
OGN Organon & Co. Reduce -8.0% 1.20% −0.06
COR Cencora Inc. Sold out 0.00% −0.06
GTES Gates Industrial Corp. UK Ltd. Reduce -4.4% 1.67% −0.06
HPE Hewlett Packard Enterprise Sold out 0.00% −0.06
BAC Bank of America Corp. Reduce -5.4% 1.66% −0.06
IBM Intl Business Machines Corp. Reduce -16.5% 0.15% −0.05
NUE Nucor Corp. Reduce -23.3% 0.13% −0.04
MTG Mgic Investment Corp. Reduce -13.7% 0.18% −0.04
KMB Kimberly-Clark Corp. Reduce -5.0% 0.23% −0.04
ROK Rockwell Automation Inc. Sold out 0.00% −0.03
ANSS Ansys Inc. Sold out 0.00% −0.03
KLAC KLA Corp. Sold out 0.00% −0.03
JCI Johnson Controls Internation Reduce -8.5% 0.24% −0.03
BRK.B Berkshire Hathaway Inc. Class B Reduce -4.8% 0.33% −0.03
MMM 3M Co. Sold out 0.00% −0.03
PYPL PayPal Holdings Inc. Sold out 0.00% −0.03
OXY Occidental Petroleum Corp. Sold out 0.00% −0.03
PSX Phillips 66 Sold out 0.00% −0.03
LOW Lowe's Cos Inc. Sold out 0.00% −0.02
MA Mastercard Inc. Class A Reduce -17.0% 0.09% −0.02
ELV Elevance Health Inc. Sold out 0.00% −0.02
KHC The Kraft Heinz Co. Sold out 0.00% −0.02
BCE Bce Inc. Sold out 0.00% −0.02
ACN Accenture PLC Class A Reduce -32.8% 0.02% −0.02
MDLZ Mondelez International Inc. Class A Reduce -22.6% 0.04% −0.02
PFE Pfizer Inc. Reduce -2.9% 0.44% −0.02
NSC Norfolk Southern Corp. Reduce -31.6% 0.06% −0.02

Portfolio Buys Q2 2025 → Q3 2025

AAPL Apple Inc. Add +117.1% 6.80% +4.11
LPX Louisiana-Pacific Corp. New 0.68% +0.68
META Meta Platforms Inc. Class A Add +24.3% 2.65% +0.36
MSFT Microsoft Corp. Add +35.2% 1.16% +0.28
AVGO Broadcom Inc. Add +9.2% 1.32% +0.24
WY Weyerhaeuser Co. New 0.20% +0.20
LRCX Lam Research Corp. New 0.20% +0.20
AEHR Aehr Test Systems Add +200.0% 0.23% +0.19
AMZN Amazon.com Inc. Add +55.1% 0.59% +0.18
UPS United Parcel Service Class B Add +42.8% 1.73% +0.17
QCOM Qualcomm Inc. Add +375.1% 0.21% +0.17
CLX Clorox Company New 0.16% +0.16
FTNT Fortinet Inc. New 0.14% +0.14
COSO Coastal South Bancshares Inc. Add +144.2% 0.20% +0.11
TSLA Tesla Inc. Add +7.0% 0.34% +0.10
COR Cencora Inc. New 0.07% +0.07
PLTR Palantir Technologies Inc. Class A Add +0.1% 0.25% +0.05
CIEN Ciena Corp. New 0.05% +0.05
AEM Agnico Eagle Mines Ltd. Add +1.0% 0.17% +0.04
GLW Corning Inc. New 0.04% +0.04
WEC WEC Energy Group Inc. Add +4.3% 0.47% +0.03
CNM Core & Main Inc. Class A New 0.03% +0.03
PANW Palo Alto Networks Inc. New 0.03% +0.03
RSG Republic Services Inc. New 0.02% +0.02
TOL Toll Brothers Inc. New 0.02% +0.02
SOFI Sofi Technologies Inc. Add +47.4% 0.05% +0.02
OLN Olin Corp. New 0.02% +0.02
HP Helmerich & Payne New 0.02% +0.02
GE General Electric Add +0.1% 0.24% +0.02
MCD McDonald's Corp. Add +28.7% 0.10% +0.02
UBER Uber Technologies Inc. New 0.02% +0.02
PH Parker Hannifin Corp. New 0.02% +0.02
IMO Imperial Oil Ltd. New 0.02% +0.02
HSY The Hershey Co. New 0.02% +0.02
ORCL Oracle Corp. Add +1.4% 0.11% +0.02
RCL Royal Caribbean Cruises Ltd. New 0.02% +0.02
MS Morgan Stanley Add +7.7% 0.16% +0.02
NIC Nicolet Bankshares Inc. New 0.02% +0.02
HD Home Depot Inc. Add +13.5% 0.13% +0.02
CAT Caterpillar Inc. Add +0.6% 0.13% +0.02
FAST Fastenal Co. Add +0.8% 0.17% +0.02
PEP Pepsico Inc. Add +4.6% 0.32% +0.01
MCK McKesson Corp. Add +14.6% 0.09% +0.01
TMUS T-Mobile US Inc. Add +35.5% 0.04% +0.01
SLB SLB Ltd. Add +28.5% 0.05% +0.01
DHI D.R. Horton Inc. Add +3.1% 0.04% +0.01
MSI Motorola Solutions Inc. Add +11.7% 0.06% +0.01
SCHW Schwab (charles) Corp. Add +19.2% 0.05% +0.01
MAS Masco Corp. Add +25.2% 0.03% +0.01
ADI Analog Devices Inc. Add +13.4% 0.05% +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