13F COMBINATION REPORT
KEATING INVESTMENT COUNSELORS INC
Quarter ended Q3 2025 · Filed October 27, 2025 · Accession 0001020580-25-000013
Total Value
$350.3M
Positions
61
Other Managers
0
Confidential Omitted
No
Holdings (61)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | Keating Active ETF | 02072L268 | 3,219,676 | $95.0M | 27.12% |
| 2 | iShares 0-5 year TIPS Bond ETF | 46429B747 | 549,716 | $56.8M | 16.22% |
| 3 | SPDR Bloomberg 1-3 Month T-Bil | 78468R663 | 247,099 | $22.7M | 6.47% |
| 4 | Agnico Eagle Mines Limited | AEM | 100,936 | $17.0M | 4.86% |
| 5 | Barrick Mining Corporation | 06849F108 | 487,544 | $16.0M | 4.56% |
| 6 | Oceaneering International Inc | 675232102 | 357,973 | $8.9M | 2.53% |
| 7 | Vodafone Group PLC New-SP ADR | 92857W308 | 704,559 | $8.2M | 2.33% |
| 8 | GSK PLC | GLAXF | 179,531 | $7.7M | 2.21% |
| 9 | Suncor Energy Inc | SU | 174,639 | $7.3M | 2.08% |
| 10 | Carrefour SA | CRERF | 2,305,135 | $7.1M | 2.02% |
| 11 | Liberty Global PLC | LBTYK | 541,641 | $6.4M | 1.82% |
| 12 | Verizon Communications Inc | VZ | 141,674 | $6.2M | 1.78% |
| 13 | J Sainsbury PLC | 466249208 | 337,435 | $6.2M | 1.76% |
| 14 | TotalEnergies SE | TTE | 101,727 | $6.1M | 1.73% |
| 15 | Equinor ASA | STOHF | 245,800 | $6.0M | 1.71% |
| 16 | Unilever PLC | UNLYF | 100,948 | $6.0M | 1.71% |
| 17 | Lockheed Martin Corp | LMT | 10,608 | $5.3M | 1.51% |
| 18 | Pan American Silver Corp | 697900108 | 114,010 | $4.4M | 1.26% |
| 19 | Talos Energy Inc | TALO | 438,180 | $4.2M | 1.20% |
| 20 | Home Depot Inc | HD | 9,964 | $4.0M | 1.15% |
| 21 | Sunrise Communications AG CL A | SNNRF | 67,693 | $4.0M | 1.14% |
| 22 | Philip Morris Intl Inc | 718172109 | 24,129 | $3.9M | 1.12% |
| 23 | Molson Coors Beverage | TAP-A | 78,237 | $3.5M | 1.01% |
| 24 | Cal-Maine Foods Inc | CALM | 33,306 | $3.1M | 0.89% |
| 25 | Lamb Weston Holdings Inc | LW | 49,827 | $2.9M | 0.83% |
| 26 | United Parcel Service Inc | UPS | 34,235 | $2.9M | 0.82% |
| 27 | SLB | SLB | 69,332 | $2.4M | 0.68% |
| 28 | Exxon Mobil Corp | XOM | 19,209 | $2.2M | 0.62% |
| 29 | Transocean Ltd. | RIG | 658,739 | $2.1M | 0.59% |
| 30 | Johnson & Johnson | JNJ | 10,630 | $2.0M | 0.56% |
| 31 | Chevron Corp | CVX | 10,556 | $1.6M | 0.47% |
| 32 | VanEck Gold Miners ETF | 92189F106 | 21,350 | $1.6M | 0.47% |
| 33 | Newmont Corporation | NEMCL | 16,979 | $1.4M | 0.41% |
| 34 | Thermo Fisher Scientific Inc | TMO | 2,876 | $1.4M | 0.40% |
| 35 | Costco Whsl Corp New | COST | 1,250 | $1.2M | 0.33% |
| 36 | Stryker Corp | SYK | 2,880 | $1.1M | 0.30% |
| 37 | PepsiCo Inc | PEP | 6,830 | $959,205 | 0.27% |
| 38 | Weyerhaeuser Co. | WY | 36,784 | $911,875 | 0.26% |
| 39 | JPMorgan Chase & Co | VYLD | 2,335 | $736,529 | 0.21% |
| 40 | Apple Inc | AAPL | 2,826 | $719,584 | 0.21% |
| 41 | 3M Co | MMM | 4,075 | $632,359 | 0.18% |
| 42 | NovaGold Resources Inc | 66987E206 | 67,475 | $593,780 | 0.17% |
| 43 | O'Reilly Automotive New | 67103H107 | 5,355 | $577,323 | 0.16% |
| 44 | Dover Corp | DOV | 3,200 | $533,856 | 0.15% |
| 45 | Disney Walt Co | 254687106 | 4,540 | $519,875 | 0.15% |
| 46 | Amphenol Corporation | 032095101 | 4,000 | $495,000 | 0.14% |
| 47 | Honeywell Intl Inc | 438516106 | 2,300 | $484,150 | 0.14% |
| 48 | Microsoft Corp | MSFT | 898 | $465,119 | 0.13% |
| 49 | ConocoPhillips | COP | 4,901 | $463,619 | 0.13% |
| 50 | AbbVie Inc | ABBV | 1,910 | $442,241 | 0.13% |
| 51 | Intel Corp | INTC | 11,055 | $370,895 | 0.11% |
| 52 | Meta Platforms Inc | META | 503 | $369,389 | 0.11% |
| 53 | Lowe's Companies Inc. | 548661107 | 1,280 | $321,677 | 0.09% |
| 54 | McDonalds Corp | MCD | 1,040 | $316,046 | 0.09% |
| 55 | Bristol Myers Squibb Co | CELG-RI | 6,857 | $309,251 | 0.09% |
| 56 | Altria Group Inc | MO | 3,797 | $250,830 | 0.07% |
| 57 | Phillips 66 | PSX | 1,837 | $249,869 | 0.07% |
| 58 | Oracle Corp | ORCL-PD | 850 | $239,054 | 0.07% |
| 59 | United Rentals, Inc. | URI | 250 | $238,665 | 0.07% |
| 60 | Amazon Com Inc | AMZN | 1,057 | $232,085 | 0.07% |
| 61 | Sprott Physical Gold Trust | SII | 7,010 | $207,636 | 0.06% |