KLCM Advisors, Inc.
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed April 30, 2026), KLCM Advisors, Inc. reported 256 stock positions worth $1.1 billion. Its top holding was Nvidia (NVDA) at 22.8% of the portfolio, followed by Apple (AAPL, 6.2%) and Ati (ATI, 3.3%). Compared with Q4 2025, it opened 22 new positions, sold out of 13, added to 89 and reduced 69. The biggest buy was Qualcomm (QCOM, shares +849%) and the biggest sale Cisco Systems (CSCO, shares −91%).
- Most Recent 13F
- Q2 2026
- Location
- MILWAUKEE, WI
- CIK
- 0001166620
- Portfolio Value
- $1.1B (Q1 2026)
- SEC Filing
- 0001166620-26-000003 ↗ filed Apr 30, 2026
Holdings Value
Holdings 256 stocks · $1.1B
| NVDA Nvidia Corp. | 22.76% | 1,499,184 | $261.5M | Add +1.0% |
| AAPL Apple Inc. | 6.23% | 282,168 | $71.6M | Add +3.9% |
| ATI Ati Inc. | 3.33% | 262,839 | $38.2M | Reduce -18.5% |
| BA The Boeing Co. | 2.66% | 153,508 | $30.6M | Reduce -2.6% |
| C Citigroup Inc. | 2.53% | 255,989 | $29.0M | Reduce -0.7% |
| MAN Manpowergroup Inc. | 2.31% | 900,208 | $26.5M | Add +68.1% |
| BLDR Builders Firstsource Inc. | 2.10% | 293,679 | $24.2M | Add +81.8% |
| UPS United Parcel Service Class B | 1.82% | 212,251 | $20.9M | Add +9.5% |
| META Meta Platforms Inc. Class A | 1.81% | 36,404 | $20.8M | Add +0.8% |
| HAL Halliburton Co. | 1.72% | 507,360 | $19.8M | Reduce -24.5% |
| IFF Intl Flavors & Fragrances filed as INTERNATIONAL FLAVORS&FRAGRA | 1.67% | 264,590 | $19.2M | Add +52.3% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.66% | 29,379 | $19.1M | Add +0.7% |
| WFC Wells Fargo & Co. | 1.62% | 233,920 | $18.6M | Add +5.0% |
| BMY Bristol-Myers Squibb Co. | 1.59% | 300,430 | $18.2M | Reduce -6.2% |
| MCS Marcus Corporation | 1.55% | 1,038,615 | $17.8M | Reduce -4.4% |
| QCOM Qualcomm Inc. | 1.47% | 131,274 | $16.9M | Add +848.9% |
| TFC Truist Financial Corp. | 1.41% | 353,458 | $16.2M | Add +6.0% |
| GTES Gates Industrial Corp. UK Ltd. | 1.37% | 697,861 | $15.8M | Add +4.9% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 1.30% | 306,138 | $14.9M | Reduce -3.2% |
| VTI VG Morningstar TS MKT ETF-US | 1.27% | 45,477 | $14.6M | Add +11.3% |
| OLN Olin Corp. | 1.22% | 473,056 | $14.1M | Add +1.3% |
| APA Apa Corp. | 1.20% | 323,937 | $13.7M | Reduce -54.0% |
| DOW Dow Inc. filed as DOW HLDGS INC | 1.19% | 328,514 | $13.7M | Reduce -17.4% |
| AVGO Broadcom Inc. | 1.13% | 41,799 | $12.9M | Add +4.2% |
| TPL Texas Pacific Land Corp. | 1.07% | 25,990 | $12.3M | Reduce -11.9% |
| MSFT Microsoft Corp. | 1.02% | 31,598 | $11.7M | Add +22.5% |
| ZBH Zimmer Biomet Holdings Inc. | 1.01% | 128,250 | $11.6M | Reduce -2.2% |
| CAG Conagra Brands Inc. | 0.98% | 719,811 | $11.3M | Reduce -0.2% |
| TGT Target Corp. | 0.98% | 93,054 | $11.3M | Reduce -0.4% |
| LPX Louisiana-Pacific Corp. | 0.95% | 150,550 | $11.0M | Add +79.5% |
| CXT Crane NXT Co. | 0.95% | 267,910 | $10.9M | New |
| GT Goodyear Tire & Rubber Co. | 0.94% | 1,626,722 | $10.8M | Reduce -0.4% |
| BBY Best Buy Co. Inc. | 0.73% | 130,405 | $8.4M | Add +2.8% |
| NKE Nike Inc. Class B | 0.67% | 146,789 | $7.8M | Add +0.1% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.66% | 78,388 | $7.6M | Reduce -1.9% |
| GOOGL Alphabet Inc. Class A | 0.62% | 24,914 | $7.2M | Add +8.9% |
| AMZN Amazon.com Inc. | 0.56% | 31,022 | $6.5M | Add +1.2% |
| RSP Invesco S&P 500 Equal Weight | 0.53% | 31,798 | $6.1M | Add +1.4% |
| XOM Exxon Mobil Corp. | 0.51% | 34,601 | $5.9M | Reduce -0.1% |
| USB US Bancorp | 0.51% | 111,552 | $5.8M | Reduce -15.0% |
| IWD iShares Russell 1000 Value E | 0.49% | 26,431 | $5.6M | Add +3.9% |
| ASLV Allspring SPCL Large Val ETF | 0.49% | 202,993 | $5.6M | Add +1.7% |
| GOOG Alphabet Inc. Class C | 0.45% | 18,116 | $5.2M | Add +2.6% |
| CAT Caterpillar Inc. | 0.42% | 6,784 | $4.8M | Reduce -16.5% |
| WEC WEC Energy Group Inc. | 0.41% | 41,007 | $4.7M | Reduce -2.8% |
| IWM iShares Russell 2000 ETF | 0.41% | 19,081 | $4.7M | Add +1.5% |
| FISV Fiserv Inc. | 0.41% | 84,714 | $4.7M | Add +143.8% |
| PFE Pfizer Inc. | 0.41% | 166,141 | $4.7M | Add +0.8% |
| JPM JPMorgan Chase & Co. | 0.40% | 15,496 | $4.6M | Add +5.3% |
| VZ Verizon Communications Inc. | 0.39% | 90,312 | $4.5M | Reduce -72.9% |
| QQQ Invesco QQQ Trust Series 1 | 0.39% | 7,819 | $4.5M | Add +2.6% |
| KMB Kimberly-Clark Corp. | 0.37% | 43,615 | $4.2M | Add +9.8% |
| PEP Pepsico Inc. | 0.36% | 26,976 | $4.2M | Reduce -5.8% |
| WMT Walmart Inc. | 0.34% | 31,244 | $3.9M | Add +0.6% |
| WRB WR Berkley Corp. filed as BERKLEY W R CORP | 0.31% | 54,523 | $3.6M | No change |
| LRCX Lam Research Corp. | 0.31% | 16,663 | $3.6M | Add +11.0% |
| KEY Keycorp | 0.31% | 175,445 | $3.5M | Add +23.1% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.27% | 6,552 | $3.1M | Add +3.0% |
| VEA Vanguard Ftse Developed ETF | 0.25% | 45,232 | $2.9M | Reduce -0.8% |
| WY Weyerhaeuser Co. | 0.25% | 117,075 | $2.9M | Reduce -1.1% |
| JCI Johnson Controls Internation | 0.25% | 21,771 | $2.9M | Reduce -4.5% |
| AEHR Aehr Test Systems | 0.24% | 75,000 | $2.8M | No change |
| CVX Chevron Corp. | 0.24% | 13,275 | $2.7M | Reduce -51.4% |
| COSO Coastal South Bancshares Inc. | 0.23% | 107,617 | $2.6M | No change |
| AMD Advanced Micro Devices | 0.22% | 12,684 | $2.6M | No change |
| VOO Vanguard S&P 500 ETF | 0.22% | 4,236 | $2.5M | Add +11.8% |
| TSLA Tesla Inc. | 0.21% | 6,633 | $2.5M | Reduce -10.8% |
| MCD McDonald's Corp. | 0.19% | 7,102 | $2.2M | Reduce -0.6% |
| GE General Electric filed as GE AEROSPACE | 0.19% | 7,701 | $2.2M | Add +0.1% |
| ABBV Abbvie Inc. | 0.19% | 10,007 | $2.2M | Add +5.4% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.18% | 4,866 | $2.1M | Reduce -0.5% |
| JNJ Johnson & Johnson | 0.18% | 8,667 | $2.1M | Add +7.8% |
| PM Philip Morris International | 0.18% | 12,722 | $2.1M | Add +1.8% |
| AEM Agnico Eagle Mines Ltd. | 0.18% | 10,018 | $2.0M | No change |
| ADP Automatic Data Processing | 0.18% | 9,991 | $2.0M | New |
| CLX Clorox Company | 0.16% | 18,230 | $1.9M | Add +43.4% |
| GEV GE Vernova Inc. | 0.15% | 1,970 | $1.7M | Add +3.1% |
| CRNT Ceragon Networks Ltd. | 0.15% | 795,500 | $1.7M | No change |
| NUE Nucor Corp. | 0.15% | 10,131 | $1.7M | No change |
| COST Costco Wholesale Corp. | 0.15% | 1,690 | $1.7M | Add +2.4% |
| MTG Mgic Investment Corp. | 0.14% | 62,880 | $1.7M | No change |
| MRK Merck & Co. Inc. | 0.14% | 13,489 | $1.6M | Reduce -1.5% |
| TSM Taiwan Semiconductor-SP ADR | 0.13% | 4,546 | $1.5M | Add +1.3% |
| SCHD Schwab US DVD Equity ETF | 0.13% | 49,880 | $1.5M | Reduce -8.0% |
| MS Morgan Stanley | 0.13% | 9,257 | $1.5M | Add +1.6% |
| XLK SS Technology Select Sector | 0.13% | 11,454 | $1.5M | Reduce -0.9% |
| T AT&T Inc. | 0.13% | 52,229 | $1.5M | Reduce -3.5% |
| PLTR Palantir Technologies Inc. Class A | 0.13% | 10,310 | $1.5M | Reduce -26.4% |
| CRM Salesforce Inc. | 0.13% | 8,078 | $1.5M | New |
| CSCO Cisco Systems Inc. | 0.13% | 19,401 | $1.5M | Reduce -90.8% |
| IVV iShares Core S&P 500 ETF | 0.13% | 2,294 | $1.5M | Add +15.9% |
| SCHX Schwab US Large-Cap ETF | 0.13% | 56,257 | $1.4M | Add +4.0% |
| FAST Fastenal Co. | 0.12% | 30,840 | $1.4M | No change |
| NEM Newmont Corp. | 0.12% | 13,183 | $1.4M | Reduce -21.0% |
| HD Home Depot Inc. | 0.12% | 4,245 | $1.4M | Add +2.2% |
| VIG Vanguard Dividend Apprec ETF | 0.12% | 6,404 | $1.4M | Reduce -5.5% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.12% | 6,943 | $1.4M | Add +2.1% |
| SCHG Schwab US Large-Cap Growth | 0.12% | 46,592 | $1.4M | Add +15.2% |
| DE Deere & Co. | 0.12% | 2,400 | $1.4M | Reduce -45.5% |
| FTNT Fortinet Inc. | 0.12% | 16,315 | $1.3M | Add +1.2% |
Options reported separately and not counted above: NVDA puts ($13.8M), BLDR calls ($3.9M), QCOM calls ($3.9M), AVGO puts ($3.1M), MAN calls ($3.1M), GT calls ($2.6M), NFLX calls ($2.2M), DOW calls ($1.0M), PTEN calls ($812K), ATI puts ($582K), AAPL puts ($457K), META puts ($400K), and 7 more.
Portfolio Sells Q4 2025 → Q1 2026
| CSCO Cisco Systems Inc. | Reduce -90.8% | 0.13% | −1.26 |
| HXL Hexcel Corp. | Sold out | 0.00% | −1.24 |
| GM General Motors Co. | Reduce -96.7% | 0.04% | −1.15 |
| VZ Verizon Communications Inc. | Reduce -72.9% | 0.39% | −0.77 |
| PTEN Patterson-Uti Energy Inc. | Reduce -98.3% | 0.02% | −0.56 |
| GT Goodyear Tire & Rubber Co. | Reduce -0.4% | 0.94% | −0.29 |
| APA Apa Corp. | Reduce -54.0% | 1.20% | −0.28 |
| BA The Boeing Co. | Reduce -2.6% | 2.66% | −0.28 |
| BAC Bank of America Corp. | Reduce -3.2% | 1.30% | −0.20 |
| DIS The Walt Disney Co. | Reduce -1.9% | 0.66% | −0.12 |
| CVX Chevron Corp. | Reduce -51.4% | 0.24% | −0.12 |
| DELL Dell Technologies -C | Sold out | 0.00% | −0.11 |
| USB US Bancorp | Reduce -15.0% | 0.51% | −0.10 |
| CAG Conagra Brands Inc. | Reduce -0.2% | 0.98% | −0.09 |
| PLTR Palantir Technologies Inc. Class A | Reduce -26.4% | 0.13% | −0.08 |
| TSLA Tesla Inc. | Reduce -10.8% | 0.21% | −0.07 |
| C Citigroup Inc. | Reduce -0.7% | 2.53% | −0.06 |
| DE Deere & Co. | Reduce -45.5% | 0.12% | −0.06 |
| VGT Vanguard Info Tech ETF | Sold out | 0.00% | −0.05 |
| OKLO Oklo Inc. | Reduce -50.0% | 0.02% | −0.04 |
| NIC Nicolet Bankshares Inc. | Reduce -72.7% | 0.02% | −0.04 |
| LLY Eli Lilly & Co. | Reduce -13.9% | 0.09% | −0.03 |
| ORCL Oracle Corp. | Reduce -19.4% | 0.05% | −0.03 |
| EXAS Exact Sciences Corp. | Sold out | 0.00% | −0.03 |
| CE Celanese Corp. | Sold out | 0.00% | −0.03 |
| ABT Abbott Laboratories | Reduce -4.0% | 0.08% | −0.02 |
| VUG Vanguard Mrngstar GR ETF-Sui | Reduce -0.5% | 0.18% | −0.02 |
| UPST Upstart Holdings Inc. | Sold out | 0.00% | −0.02 |
| SPYI Neos S&P 500 High Income ETF | Sold out | 0.00% | −0.02 |
| ISRG Intuitive Surgical Inc. | Sold out | 0.00% | −0.02 |
| NEM Newmont Corp. | Reduce -21.0% | 0.12% | −0.02 |
| V Visa Inc. Class A | Reduce -1.9% | 0.11% | −0.02 |
| DHR Danaher Corp. | Sold out | 0.00% | −0.02 |
| KKR KKR & Co. Inc. | Sold out | 0.00% | −0.02 |
| RPM RPM International Inc. | Sold out | 0.00% | −0.02 |
| UNH Unitedhealth Group Inc. | Reduce -2.2% | 0.07% | −0.02 |
| XBXMX Nuveen S&P 500 Buy-WR Inc. | Sold out | 0.00% | −0.01 |
| AMAT Applied Materials Inc. | Reduce -44.5% | 0.04% | −0.01 |
| XLK SS Technology Select Sector | Reduce -0.9% | 0.13% | −0.01 |
| VIG Vanguard Dividend Apprec ETF | Reduce -5.5% | 0.12% | −0.01 |
| ITOT iShares Core S&P Total U.S. | Reduce -3.4% | 0.09% | −0.01 |
| TCAF T Rowe PRC Cap Appreciation | Reduce -8.8% | 0.03% | −0.01 |
| ZBH Zimmer Biomet Holdings Inc. | Reduce -2.2% | 1.01% | −0.00 |
| NKLR Terra Innovatum Global NV | Sold out | 0.00% | −0.00 |
| EMR Emerson Electric Co. | Reduce -4.6% | 0.06% | −0.00 |
| HYDB iShares High Yield Systemati | Reduce -8.3% | 0.02% | −0.00 |
| USHY iShares Broad Usd High Yield | Reduce -7.7% | 0.02% | −0.00 |
| SPHY SS SPDR P High Yield ETF | Reduce -8.3% | 0.02% | −0.00 |
| SCYB Schwab High Yield Bond ETF | Reduce -8.2% | 0.02% | −0.00 |
| BYLD iShares Yield Optimized Bond | Reduce -8.3% | 0.02% | −0.00 |
Portfolio Buys Q4 2025 → Q1 2026
| QCOM Qualcomm Inc. | Add +848.9% | 1.47% | +1.27 |
| CXT Crane NXT Co. | New | 0.95% | +0.95 |
| MAN Manpowergroup Inc. | Add +68.1% | 2.31% | +0.94 |
| BLDR Builders Firstsource Inc. | Add +81.8% | 2.10% | +0.67 |
| IFF Intl Flavors & Fragrances | Add +52.3% | 1.67% | +0.66 |
| OLN Olin Corp. | Add +1.3% | 1.22% | +0.39 |
| LPX Louisiana-Pacific Corp. | Add +79.5% | 0.95% | +0.37 |
| FISV Fiserv Inc. | Add +143.8% | 0.41% | +0.21 |
| ADP Automatic Data Processing | New | 0.18% | +0.18 |
| UPS United Parcel Service Class B | Add +9.5% | 1.82% | +0.16 |
| GTES Gates Industrial Corp. UK Ltd. | Add +4.9% | 1.37% | +0.14 |
| CRM Salesforce Inc. | New | 0.13% | +0.13 |
| VTI VG Morningstar TS MKT ETF-US | Add +11.3% | 1.27% | +0.09 |
| LRCX Lam Research Corp. | Add +11.0% | 0.31% | +0.09 |
| FPS Forgent Power Solutions Class A | New | 0.08% | +0.08 |
| FCX Freeport-McMoran Inc. | New | 0.06% | +0.06 |
| CLX Clorox Company | Add +43.4% | 0.16% | +0.05 |
| KEY Keycorp | Add +23.1% | 0.31% | +0.05 |
| PFE Pfizer Inc. | Add +0.8% | 0.41% | +0.05 |
| GEV GE Vernova Inc. | Add +3.1% | 0.15% | +0.04 |
| JNJ Johnson & Johnson | Add +7.8% | 0.18% | +0.04 |
| WMT Walmart Inc. | Add +0.6% | 0.34% | +0.04 |
| NFLX Netflix Inc. | New | 0.04% | +0.04 |
| IWD iShares Russell 1000 Value E | Add +3.9% | 0.49% | +0.03 |
| SBUX Starbucks Corp. | Add +103.5% | 0.05% | +0.03 |
| OXY Occidental Petroleum Corp. | New | 0.03% | +0.03 |
| SPYV SS SPDR P S&P 500 Value ETF | New | 0.03% | +0.03 |
| IMO Imperial Oil Ltd. | New | 0.03% | +0.03 |
| COST Costco Wholesale Corp. | Add +2.4% | 0.15% | +0.02 |
| KMB Kimberly-Clark Corp. | Add +9.8% | 0.37% | +0.02 |
| PSX Phillips 66 | New | 0.02% | +0.02 |
| FBIZ First Business Financial Ser | New | 0.02% | +0.02 |
| CMCSA Comcast Corp. Class A | New | 0.02% | +0.02 |
| VNOM Viper Energy Inc. Class A | New | 0.02% | +0.02 |
| IBRX Immunitybio Inc. | New | 0.02% | +0.02 |
| HSY The Hershey Co. | New | 0.02% | +0.02 |
| IEFA iShares Core MSCI Eafe ETF | New | 0.02% | +0.02 |
| AEP American Electric Power | New | 0.02% | +0.02 |
| LNG Cheniere Energy Inc. | New | 0.02% | +0.02 |
| VLO Valero Energy Corp. | New | 0.02% | +0.02 |
| NOBL Proshares S&P 500 Dividend A | New | 0.02% | +0.02 |
| VONE Vanguard Russell 1000 | New | 0.02% | +0.02 |
| IAU iShares Gold Trust | New | 0.02% | +0.02 |
| TSM Taiwan Semiconductor-SP ADR | Add +1.3% | 0.13% | +0.02 |
| VOO Vanguard S&P 500 ETF | Add +11.8% | 0.22% | +0.02 |
| SCHV Schwab US Large-Cap Value | Add +30.9% | 0.06% | +0.02 |
| LMT Lockheed Martin Corp. | Add +2.5% | 0.07% | +0.02 |
| RSP Invesco S&P 500 Equal Weight | Add +1.4% | 0.53% | +0.01 |
| IWM iShares Russell 2000 ETF | Add +1.5% | 0.41% | +0.01 |
| IVV iShares Core S&P 500 ETF | Add +15.9% | 0.13% | +0.01 |
Options Activity Q4 2025 → Q1 2026
| BLDR Builders Firstsource Inc. | call | New | 47,500 | $3.9M |
| QCOM Qualcomm Inc. | call | New | 30,000 | $3.9M |
| AVGO Broadcom Inc. | put | Reduce -70.6% | 10,000 | $3.1M |
| MAN Manpowergroup Inc. | call | Add +68.5% | 104,500 | $3.1M |
| NFLX Netflix Inc. | call | New | 22,500 | $2.2M |
| ATI Ati Inc. | put | New | 4,000 | $582K |
| AAPL Apple Inc. | put | New | 1,800 | $457K |
| META Meta Platforms Inc. Class A | put | New | 700 | $400K |
| CAG Conagra Brands Inc. | call | Reduce -62.5% | 15,000 | $236K |
| POET Poet Technologies Inc. | call | Reduce -50.0% | 25,000 | $149K |
| HD Home Depot Inc. | call | New | 200 | $66K |
| APA Apa Corp. | call | Sold out | 10,000 | $46Kbefore exit |
| OGN Organon & Co. | call | Reduce -85.1% | 7,000 | $42K |
| XOM Exxon Mobil Corp. | call | New | 200 | $34K |
| WFC Wells Fargo & Co. | call | New | 100 | $8K |
| AEM Agnico Eagle Mines Ltd. | put | Sold out | 10,000 | $304before exit |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q4 2025 → Q1 2026
| ASTLW Algoma Steel Group Inc. -CW26 | *W EXP 10/19/202 | Sold out | 100,000 | $8Kbefore exit |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
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 |