KLCM Advisors, Inc.

Fundamental diversified ★Signal CIK 1166620
League rank
#513
in Fundamental diversified · #3269 overall
Long book
$1.15B
Q1 2026
Positions
256
Top-10 weight
47%
concentration
Last quarter
+12.1%
SPY +14.8%
Turnover
13%
of book per quarter

Strategy in plain words

auto-generated from filings

KLCM Advisors, Inc. is a diversified fundamental manager, running a $1.15B US long book across 256 positions.

The portfolio is moderately concentrated (top 10 ≈ 47% of the book). Turnover is modest: positions are typically held for years. Current anchor positions: NVIDIA CORP, APPLE INC, ATI INC, BOEING CO/THE, CITIGROUP INC.

Over the last 9 quarters its long book ran on average 0.8pp per quarter ahead of the S&P 500, beating the index in 5 of 9 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.

Implied long-book return vs S&P 500

methodology: positions priced quarterly, no shorts/options
Fund long book S&P 500
Q1 2024
+6.3%
Q2 2024
+4.4%
Q3 2024
+3.3%
Q4 2024
-4.5%
Q1 2025
+13.2%
Q2 2025
+7.9%
Q3 2025
+3.1%
Q4 2025
+1.7%
Q1 2026
+12.1%

Sector allocation

Technology
41%
Industrials
14%
Financials
12%
Consumer discretionary
6%
Services media
6%
Other
5%
Energy
4%
Healthcare
4%

Long book by quarter

$778.8M
Q1 2024
$809.5M
Q2 2024
$842.6M
Q3 2024
$862.3M
Q4 2024
$854.8M
Q1 2025
$940.6M
Q2 2025
$1.00B
Q3 2025
$1.16B
Q4 2025
$1.15B
Q1 2026

What does KLCM Advisors, own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
NVDA NVIDIA CORPTechnology1.5M$261.5M22.8%+1.0%
AAPL APPLE INCTechnology282.2K$71.6M6.2%+3.9%
ATI ATI INCIndustrials262.8K$38.2M3.3%-18.5%
BA BOEING CO/THEIndustrials153.5K$30.6M2.7%-2.6%
C CITIGROUP INCFinancials256.0K$29.0M2.5%-0.7%
MAN MANPOWERGROUP INCServices media900.2K$26.5M2.3%+68.1%
BLDR BUILDERS FIRSTSOURCE INCConsumer discretionary293.7K$24.2M2.1%+81.7%
UPS UNITED PARCEL SERVICE-CL BIndustrials212.3K$20.9M1.8%+9.5%
META META PLATFORMS INC-CLASS ATechnology36.4K$20.8M1.8%+0.8%
HAL HALLIBURTON COEnergy507.4K$19.8M1.7%-24.5%
IFF INTL FLAVORS & FRAGRANCESOther264.6K$19.2M1.7%+52.3%
WFC WELLS FARGO & COFinancials233.9K$18.6M1.6%+5.0%
BMY BRISTOL-MYERS SQUIBB COHealthcare300.4K$18.2M1.6%-6.2%
MCS MARCUS CORPORATIONServices media1.0M$17.8M1.6%-4.4%
QCOM QUALCOMM INCTechnology131.3K$16.9M1.5%+848.9%
TFC TRUIST FINANCIAL CORPFinancials353.5K$16.2M1.4%+6.0%
GTES GATES INDUSTRIAL CORP PLCIndustrials697.9K$15.8M1.4%+4.9%
BAC BANK OF AMERICA CORPFinancials306.1K$14.9M1.3%-3.2%
OLN OLIN CORPMaterials473.1K$14.1M1.2%+1.3%
APA APA CORPEnergy323.9K$13.7M1.2%-54.0%
DOW DOW INCMaterials328.5K$13.7M1.2%-17.4%
AVGO BROADCOM INCTechnology41.8K$12.9M1.1%+4.2%
TPL TEXAS PACIFIC LAND CORPFinancials26.0K$12.3M1.1%-11.9%
MSFT MICROSOFT CORPTechnology31.6K$11.7M1.0%+22.5%
ZBH ZIMMER BIOMET HOLDINGS INCHealthcare128.3K$11.6M1.0%-2.2%
CAG CONAGRA BRANDS INCConsumer staples719.8K$11.3M1.0%-0.2%
TGT TARGET CORPConsumer discretionary93.1K$11.3M1.0%-0.4%
LPX LOUISIANA-PACIFIC CORPOther150.6K$11.0M1.0%+79.5%
CXT CRANE NXT COIndustrials267.9K$10.9M0.9%New
GT GOODYEAR TIRE & RUBBER COOther1.6M$10.8M0.9%-0.4%
BBY BEST BUY CO INCConsumer discretionary130.4K$8.4M0.7%+2.8%
NKE NIKE INC -CL BOther146.8K$7.8M0.7%+0.1%
DIS WALT DISNEY CO/THEServices media78.4K$7.6M0.7%-1.9%
GOOGL ALPHABET INC-CL ATechnology24.9K$7.2M0.6%+8.9%
AMZN AMAZON.COM INCConsumer discretionary31.0K$6.5M0.6%+1.2%
XOM EXXON MOBIL CORPEnergy34.6K$5.9M0.5%-0.1%
USB US BANCORPFinancials111.6K$5.8M0.5%-15.0%
GOOG ALPHABET INC-CL CTechnology18.1K$5.2M0.5%+2.6%
CAT CATERPILLAR INCIndustrials6.8K$4.8M0.4%-16.5%
WEC WEC ENERGY GROUP INCUtilities41.0K$4.7M0.4%-2.8%
FISV FISERV INCServices media84.7K$4.7M0.4%+143.9%
PFE PFIZER INCHealthcare166.1K$4.7M0.4%+0.8%
JPM JPMORGAN CHASE & COFinancials15.5K$4.6M0.4%+5.3%
VZ VERIZON COMMUNICATIONS INCCommunications90.3K$4.5M0.4%-72.9%
KMB KIMBERLY-CLARK CORPOther43.6K$4.2M0.4%+9.8%
PEP PEPSICO INCConsumer staples27.0K$4.2M0.4%-5.8%
WMT WALMART INCConsumer discretionary31.2K$3.9M0.3%+0.6%
WRB WR BERKLEY CORPFinancials54.5K$3.6M0.3%Held
LRCX LAM RESEARCH CORPIndustrials16.7K$3.6M0.3%+11.0%
KEY KEYCORPFinancials175.4K$3.5M0.3%+23.1%

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRApr 30, 2026282$1.19B canonicalSEC ↗
Q4 202513F-HRFeb 4, 2026265$1.16B canonicalSEC ↗
Q3 202513F-HRNov 13, 2025180$1.00B canonicalSEC ↗
Q2 202513F-HRAug 4, 2025179$940.6M canonicalSEC ↗
Q1 202513F-HRMay 13, 2025178$854.8M canonicalSEC ↗
Q4 202413F-HRJan 31, 2025175$862.3M canonicalSEC ↗
Q3 202413F-HRNov 7, 2024170$842.6M canonicalSEC ↗
Q2 202413F-HRAug 14, 2024161$809.5M canonicalSEC ↗
Q1 202413F-HRMay 16, 2024162$778.8M canonicalSEC ↗