KEATING INVESTMENT COUNSELORS INC
Long book
$403.8M
Q1 2026
Positions
59
Top-10 weight
73%
concentration
Last quarter
-6.2%
SPY +14.8%
Turnover
14%
of book per quarter
Strategy in plain words
auto-generated from filingsKEATING INVESTMENT COUNSELORS INC is an institutional manager, running a $403.8M US long book across 59 positions.
The portfolio is concentrated: the top 10 names carry 73% of the portfolio. Turnover is modest: positions are typically held for years. Current anchor positions: KEATING ACTIVE ETF, ISHARES 0-5 YEAR TIPS BOND E, SS SPDR BB 1-3M T-BILL ETF, AGNICO EAGLE MINES LTD, BARRICK MINING CORP.
Over the last 9 quarters its long book ran on average 1.4pp per quarter behind the S&P 500, beating the index in 5 of 9 quarters. Signal value of individual moves is limited — treat changes as weak evidence.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
-2.0%
Q2 2024
+6.9%
Q3 2024
-3.0%
Q4 2024
+5.1%
Q1 2025
+0.4%
Q2 2025
+9.9%
Q3 2025
+4.7%
Q4 2025
+12.4%
Q1 2026
-6.2%
Sector allocation
Materials 35%
Energy 32%
Communications 10%
Consumer staples 9%
Industrials 8%
Consumer discretionary 3%
Healthcare 2%
Technology 1%
Long book by quarter
What does KEATING INVESTMENT own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| AEM AGNICO EAGLE MINES LTD | Materials | 100.0K | $20.3M | 5.0% | -0.4% |
| B BARRICK MINING CORP | Materials | 481.0K | $19.6M | 4.9% | -0.7% |
| OII OCEANEERING INTL INC | Energy | 338.4K | $12.0M | 3.0% | -4.5% |
| SU SUNCOR ENERGY INC | Energy | 170.5K | $11.3M | 2.8% | -3.4% |
| VZ VERIZON COMMUNICATIONS INC | Communications | 146.4K | $7.3M | 1.8% | -1.7% |
| TALO TALOS ENERGY INC | Energy | 443.6K | $7.0M | 1.7% | 0.0% |
| LMT LOCKHEED MARTIN CORP | Industrials | 10.7K | $6.5M | 1.6% | +0.2% |
| PAAS PAN AMERICAN SILVER CORP | Materials | 115.9K | $6.3M | 1.6% | +0.5% |
| LBTYK LIBERTY GLOBAL LTD-C | Communications | 528.4K | $6.2M | 1.5% | -1.4% |
| RIG TRANSOCEAN LTD | Energy | 682.9K | $4.5M | 1.1% | -0.7% |
| TAP MOLSON COORS BEVERAGE CO - B | Consumer staples | 80.4K | $3.5M | 0.9% | -1.6% |
| UPS UNITED PARCEL SERVICE-CL B | Industrials | 32.2K | $3.2M | 0.8% | -0.4% |
| SLB SLB LTD | Energy | 60.4K | $3.1M | 0.8% | -9.7% |
| CALM CAL-MAINE FOODS INC | Consumer staples | 34.0K | $2.7M | 0.7% | +0.4% |
| XOM EXXON MOBIL CORP | Energy | 15.7K | $2.7M | 0.7% | -14.0% |
| LW LAMB WESTON HOLDINGS INC | Consumer staples | 55.2K | $2.3M | 0.6% | +2.7% |
| CVX CHEVRON CORP | Energy | 10.4K | $2.2M | 0.5% | -0.5% |
| HD HOME DEPOT INC | Consumer discretionary | 6.1K | $2.0M | 0.5% | -36.8% |
| NEM NEWMONT CORP | Materials | 17.0K | $1.8M | 0.5% | +0.2% |
| FLO FLOWERS FOODS INC | Consumer staples | 183.9K | $1.5M | 0.4% | New |
| PM PHILIP MORRIS INTERNATIONAL | Consumer staples | 6.7K | $1.1M | 0.3% | -71.1% |
| PEP PEPSICO INC | Consumer staples | 6.7K | $1.0M | 0.3% | -1.2% |
| TMO THERMO FISHER SCIENTIFIC INC | Other | 2.0K | $967K | 0.2% | -29.5% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 850 | $847K | 0.2% | -25.1% |
| JNJ JOHNSON & JOHNSON | Healthcare | 2.9K | $709K | 0.2% | -71.7% |
| COP CONOCOPHILLIPS | Energy | 5.0K | $660K | 0.2% | +2.0% |
| NG NOVAGOLD RESOURCES INC | Materials | 71.5K | $642K | 0.2% | +5.9% |
| AAPL APPLE INC | Technology | 2.5K | $636K | 0.2% | -9.7% |
| DOV DOVER CORP | Industrials | 2.9K | $599K | 0.1% | -6.5% |
| SYK STRYKER CORP | Healthcare | 1.8K | $596K | 0.1% | -37.0% |
| APH AMPHENOL CORP-CL A | Technology | 4.0K | $505K | 0.1% | Held |
| ORLY O'REILLY AUTOMOTIVE INC | Consumer discretionary | 5.2K | $476K | 0.1% | Held |
| HON HONEYWELL INTERNATIONAL INC | Industrials | 2.0K | $455K | 0.1% | -1.7% |
| BMY BRISTOL-MYERS SQUIBB CO | Healthcare | 6.2K | $375K | 0.1% | -9.6% |
| PSX PHILLIPS 66 | Energy | 2.0K | $371K | 0.1% | +10.9% |
| JPM JPMORGAN CHASE & CO | Financials | 1.2K | $346K | 0.1% | -49.5% |
| MICC MAGNUM ICE CREAM CO NV/THE | Consumer staples | 20.8K | $310K | 0.1% | -0.9% |
| MCD MCDONALD'S CORP | Consumer discretionary | 940 | $292K | 0.1% | -9.6% |
| DIS WALT DISNEY CO/THE | Services media | 2.8K | $274K | 0.1% | -36.5% |
| ABBV ABBVIE INC | Healthcare | 1.2K | $269K | 0.1% | -30.2% |
| MMM 3M CO | Healthcare | 1.7K | $240K | 0.1% | -59.0% |
| META META PLATFORMS INC-CLASS A | Technology | 404 | $231K | 0.1% | -19.7% |
| GOOGL ALPHABET INC-CL A | Technology | 803 | $231K | 0.1% | Held |
| MSFT MICROSOFT CORP | Technology | 608 | $225K | 0.1% | -29.1% |
| MO ALTRIA GROUP INC | Consumer staples | 3.3K | $218K | 0.1% | -13.2% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 27, 2026 | 59 | $403.8M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 30, 2026 | 62 | $360.7M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 27, 2025 | 61 | $350.3M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 7, 2025 | 61 | $330.8M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 12, 2025 | 65 | $331.6M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 31, 2025 | 67 | $320.2M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 12, 2024 | 69 | $335.0M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 6, 2024 | 68 | $311.5M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 7, 2024 | 80 | $310.5M | canonical | SEC ↗ |
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