KEATING INVESTMENT COUNSELORS INC

CIK

1020580

Location

DELRAY BEACH, FL

Portfolio Value

Small $172,236,720

Diversification

Diversified

Filing Date

Global Rank

#4,209 / 8,232 ▲ 462

Top Industry

Gold 28.3%

3Y Alpha vs SPY

-0.4%

Period ended 2 months ago

Filed Apr 27, 2026 · 48d

25 quarters · since Mar 2020

Clone Performance

Jun 2023–Jun 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+74.6%

SPY

+76.3%

Annualised alpha

-0.4%

Max drawdown

−12.8%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

50 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

11.8%

−1.7 pts

Top 5

42.8%

+1.2 pts

Top 10

67.8%

+4.7 pts

HHI

585

Diversified+27

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Energy	31.6%	$54,439,725	11
Basic Materials	28.3%	$48,730,821	5
Consumer Defensive	12.9%	$22,164,152	10
Communication Services	10.8%	$18,636,920	5
Healthcare	7.3%	$12,583,411	6
Industrials	6.4%	$10,945,142	5
Consumer Cyclical	1.6%	$2,776,017	3
Technology	0.8%	$1,366,460	3
Financial Services	0.3%	$594,072	2

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

8 positions

Ticker	Company	Δ Shares	Shares	Value
NG	Novagold Resources Inc	+4,000	71,475	$641,845
LW	Lamb Weston Holdings, Inc.	+1,425	55,159	$2,331,019
PAAS	Pan American Silver Corp	+628	115,919	$6,332,654
PSX	Phillips 66	+200	2,037	$371,100
CALM	Cal-Maine Foods Inc	+150	34,001	$2,691,179
COP	Conocophillips	+100	5,001	$660,132
NEM	NEWMONT Corp /DE/	+40	16,994	$1,839,600
LMT	Lockheed Martin Corp	+20	10,720	$6,479,060
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
PM	Philip Morris International Inc.	−16,518	6,723	$1,111,580
OII	Oceaneering International Inc	−15,918	338,438	$12,004,395
CRRFY	Carrefour SA	−11,584	2,324,860	$8,648,479
JNJ	Johnson & Johnson	−7,338	2,899	$708,631
SLB	Slb Limited/Nv	−6,450	60,379	$3,102,876
SU	Suncor Energy Inc	−5,929	170,454	$11,268,713
GSK	GSK plc	−4,941	175,168	$9,667,521
VOD	Vodafone Group Public Ltd Co	−4,750	702,576	$10,552,691
RIG	Transocean Ltd.	−4,706	682,898	$4,527,613
HD	Home Depot, Inc.	−3,554	6,106	$2,008,202
B	Barrick Mining Corp	−3,220	480,959	$19,618,317
XOM	Exxon Mobil Corp	−2,560	15,744	$2,671,127
VZ	Verizon Communications Inc	−2,528	146,376	$7,348,075
MMM	3M Co	−2,385	1,655	$240,355
DIS	Walt Disney Co	−1,636	2,844	$274,104
EQNR	Equinor ASA	−1,512	247,463	$10,442,938
TAP	Molson Coors Beverage Co	−1,269	80,369	$3,460,689
JPM	Jpmorgan Chase & Co	−1,150	1,175	$345,638
SYK	Stryker Corp	−1,065	1,815	$596,390
TMO	Thermo Fisher Scientific Inc.	−825	1,968	$967,331
BMY	Bristol Myers Squibb Co	−655	6,182	$374,938
ABBV	AbbVie Inc.	−535	1,235	$268,600
MO	Altria Group, Inc.	−500	3,297	$217,569
AEM	Agnico Eagle Mines Ltd	−441	100,002	$20,298,405
COST	Costco Wholesale Corp /New	−285	850	$846,965
No positions match the current search.

New Positions

Positions the filer opened this quarter

2 positions

Ticker	Company	Shares	Value
FLO	Flowers Foods Inc	183,930	$1,499,029
SHEL	Shell plc	2,575	$239,475
No positions match the current search.

Sold Out

Positions the filer fully exited

6 positions

Ticker	Company	Shares	Value
WY	Weyerhaeuser Co	29,762	$705,061
INTC	Intel Corp	8,405	$310,144
AMZN	Amazon Com Inc	1,057	$243,976
LOW	Lowes Companies Inc	980	$236,336
SWKS	Skyworks Solutions, Inc.	3,625	$229,861
URI	United Rentals, Inc.	250	$202,330
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

50 positions · $172,236,720 total · as of Mar 31, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Technology

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
AEM	Agnico Eagle Mines Ltd Basic Materials	Reduced	100,002	-441	$20,298,405	+19.2%	11.79%
B	Barrick Mining Corp Basic Materials	Reduced	480,959	-3,220	$19,618,317	−7.0%	11.39%
OII	Oceaneering International Inc Energy	Reduced	338,438	-15,918	$12,004,395	+41.0%	6.97%
SU	Suncor Energy Inc Energy	Reduced	170,454	-5,929	$11,268,713	+44.0%	6.54%
VOD	Vodafone Group Public Ltd Co Communication Services	Reduced	702,576	-4,750	$10,552,691	+12.9%	6.13%
EQNR	Equinor ASA Energy	Reduced	247,463	-1,512	$10,442,938	+77.5%	6.06%
GSK	GSK plc Healthcare	Reduced	175,168	-4,941	$9,667,521	+9.5%	5.61%
CRRFY	Carrefour SA Consumer Defensive	Reduced	2,324,860	-11,584	$8,648,479	+10.8%	5.02%
VZ	Verizon Communications Inc Communication Services	Reduced	146,376	-2,528	$7,348,075	+21.2%	4.27%
TALO	Talos Energy Inc. Energy	Reduced	443,638	-100	$6,991,734	+43.0%	4.06%
LMT	Lockheed Martin Corp Industrials	Added	10,720	+20	$6,479,060	+25.2%	3.76%
PAAS	Pan American Silver Corp Basic Materials	Added	115,919	+628	$6,332,654	+6.0%	3.68%
RIG	Transocean Ltd. Energy	Reduced	682,898	-4,706	$4,527,613	+59.4%	2.63%
TAP	Molson Coors Beverage Co Consumer Defensive	Reduced	80,369	-1,269	$3,460,689	−9.2%	2.01%
UPS	United Parcel Service Inc Industrials	Reduced	32,232	-125	$3,170,984	−1.2%	1.84%
SLB	Slb Limited/Nv Energy	Reduced	60,379	-6,450	$3,102,876	+21.0%	1.80%
CALM	Cal-Maine Foods Inc Consumer Defensive	Added	34,001	+150	$2,691,179	−0.1%	1.56%
XOM	Exxon Mobil Corp Energy	Reduced	15,744	-2,560	$2,671,127	+21.3%	1.55%
LW	Lamb Weston Holdings, Inc. Consumer Defensive	Added	55,159	+1,425	$2,331,019	+3.6%	1.35%
CVX	Chevron Corp Energy	Reduced	10,438	-50	$2,159,622	+35.1%	1.25%
HD	Home Depot, Inc. Consumer Cyclical	Reduced	6,106	-3,554	$2,008,202	−39.6%	1.17%
NEM	NEWMONT Corp /DE/ Basic Materials	Added	16,994	+40	$1,839,600	+8.7%	1.07%
FLO	Flowers Foods Inc Consumer Defensive	NEW	183,930	NEW	$1,499,029	NEW	0.87%
PM	Philip Morris International Inc. Consumer Defensive	Reduced	6,723	-16,518	$1,111,580	−70.2%	0.65%
PEP	Pepsico Inc Consumer Defensive	Reduced	6,745	-85	$1,047,431	+6.9%	0.61%
TMO	Thermo Fisher Scientific Inc. Healthcare	Reduced	1,968	-825	$967,331	−40.2%	0.56%
COST	Costco Wholesale Corp /New Consumer Defensive	Reduced	850	-285	$846,965	−13.5%	0.49%
JNJ	Johnson & Johnson Healthcare	Reduced	2,899	-7,338	$708,631	−66.6%	0.41%
COP	Conocophillips Energy	Added	5,001	+100	$660,132	+43.9%	0.38%
NG	Novagold Resources Inc Basic Materials	Added	71,475	+4,000	$641,845	+2.1%	0.37%
AAPL	Apple Inc. Technology	Reduced	2,506	-270	$635,997	−15.7%	0.37%
DOV	DOVER Corp Industrials	Reduced	2,875	-200	$599,293	−0.2%	0.35%
SYK	Stryker Corp Healthcare	Reduced	1,815	-1,065	$596,390	−41.1%	0.35%
APH	Amphenol Corp /De/ Technology	Held	4,000	0	$505,400	−6.5%	0.29%
ORLY	O Reilly Automotive Inc Consumer Cyclical	Held	5,153	0	$475,673	+1.2%	0.28%
HON	Honeywell International Inc Industrials	Reduced	2,015	-35	$455,450	+13.9%	0.26%
BMY	Bristol Myers Squibb Co Healthcare	Reduced	6,182	-655	$374,938	+1.7%	0.22%
PSX	Phillips 66 Energy	Added	2,037	+200	$371,100	+56.6%	0.22%
JPM	Jpmorgan Chase & Co Financial Services	Reduced	1,175	-1,150	$345,638	−53.9%	0.20%
MICC	Magnum Ice Cream Co N.V. Consumer Defensive	Reduced	20,750	-186	$310,212	−6.5%	0.18%
MCD	Mcdonalds Corp Consumer Cyclical	Reduced	940	-100	$292,142	−8.1%	0.17%
DIS	Walt Disney Co Communication Services	Reduced	2,844	-1,636	$274,104	−46.2%	0.16%
ABBV	AbbVie Inc. Healthcare	Reduced	1,235	-535	$268,600	−33.6%	0.16%
PHYS	Sprott Physical Gold Trust Financial Services	Held	7,010	0	$248,434	+7.3%	0.14%
MMM	3M Co Industrials	Reduced	1,655	-2,385	$240,355	−62.8%	0.14%
SHEL	Shell plc Energy	NEW	2,575	NEW	$239,475	NEW	0.14%
META	Meta Platforms, Inc. Communication Services	Reduced	404	-99	$231,140	−30.4%	0.13%
GOOGL	Alphabet Inc. Communication Services	Held	803	0	$230,910	−8.1%	0.13%
MSFT	Microsoft Corp Technology	Reduced	608	-250	$225,063	−45.8%	0.13%
MO	Altria Group, Inc. Consumer Defensive	Reduced	3,297	-500	$217,569	−0.6%	0.13%