# EDGAR Filing Document

**Accession Number:** 0001166620
**File Stem:** 0001166620-26-000001
**Filing Date:** 2026-2
**Character Count:** 29660
**Document Hash:** d44ddf9e2181d2f4ad560168f18f469f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001166620-26-000001.hdr.sgml**: 20260204

**ACCESSION NUMBER**: 0001166620-26-000001

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260204

**DATE AS OF CHANGE**: 20260204

**EFFECTIVENESS DATE**: 20260204

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** KLCM Advisors, Inc.
- **CENTRAL INDEX KEY:** 0001166620

**ORGANIZATION NAME:**
- **EIN:** 391752579
- **STATE OF INCORPORATION:** WI
- **FISCAL YEAR END:** 0228

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-10047
- **FILM NUMBER:** 26596611

**BUSINESS ADDRESS:**
- **STREET 1:** 330 E KILBOURN AVE
- **STREET 2:** STE 1180
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53202
- **BUSINESS PHONE:** 4147651234

**MAIL ADDRESS:**
- **STREET 1:** 330 E KILBOURN AVE
- **STREET 2:** STE 1180
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53202

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** KITZINGER LAUTMANN CAPITAL MANAGEMENT INC
- **DATE OF NAME CHANGE:** 20020205

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2025

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** KLCM Advisors Inc.<br>**Address:** 330 E KILBOURN AVE<br>STE 1180<br>MILWAUKEE, WI 53202

**Form 13F File Number:** 028-10047

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Tracey S. Campbell<br>**Title:** Office/Operations Manager<br>**Phone:** 4147651234

**Signature, Place, and Date of Signing:**

Tracey S. Campbell  Milwaukee, WI  02-04-2026<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 265

**Form 13F Information Table Value Total:** $1164531519

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| ABBOTT LABS | COM | 002824100 |  | 1160824 | 9265 | SH |  | SOLE | 0 | 0 | 0 | 9265 |
| ABBVIE INC | COM | 00287Y109 |  | 2169089 | 9493 | SH |  | SOLE | 0 | 0 | 0 | 9493 |
| ACCENTURE PLC IRELAND | SHS CLASS A | G1151C101 |  | 259446 | 967 | SH |  | SOLE | 0 | 0 | 0 | 967 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 |  | 2716405 | 12684 | SH |  | SOLE | 0 | 0 | 0 | 12684 |
| AEHR TEST SYS | COM | 00760J108 |  | 1514250 | 75000 | SH |  | SOLE | 0 | 0 | 0 | 75000 |
| AERSALE CORPORATION | COM | 00810F106 |  | 71100 | 10000 | SH |  | SOLE | 0 | 0 | 0 | 10000 |
| AGNICO EAGLE MINES LTD | COM | 008474108 |  | 1698352 | 10018 | SH |  | SOLE | 0 | 0 | 0 | 10018 |
| AGNICO EAGLE MINES LTD | COM | 008474108 |  | 304 | 10000 | SH | Put | SOLE | 0 | 0 | 0 | 10000 |
| ALGOMA STL GROUP INC | *W EXP 10/19/202 | 015658115 |  | 7500 | 100000 | SH |  | SOLE | 0 | 0 | 0 | 100000 |
| ALLIANT ENERGY CORP | COM | 018802108 |  | 1043690 | 16054 | SH |  | SOLE | 0 | 0 | 0 | 16054 |
| ALLSPRING EXCHANGE TRADED FU | SPECIAL LARG VAL | 01989A605 |  | 5592283 | 199574 | SH |  | SOLE | 0 | 0 | 0 | 199574 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 7160593 | 22877 | SH |  | SOLE | 0 | 0 | 0 | 22877 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 5540534 | 17656 | SH |  | SOLE | 0 | 0 | 0 | 17656 |
| ALTRIA GROUP INC | COM | 02209S103 |  | 1140007 | 19771 | SH |  | SOLE | 0 | 0 | 0 | 19771 |
| AMAZON COM INC | COM | 023135106 |  | 7073710 | 30646 | SH |  | SOLE | 0 | 0 | 0 | 30646 |
| AMERICAN EXPRESS CO | COM | 025816109 |  | 317245 | 858 | SH |  | SOLE | 0 | 0 | 0 | 858 |
| AMGEN INC | COM | 031162100 |  | 439577 | 1343 | SH |  | SOLE | 0 | 0 | 0 | 1343 |
| ANALOG DEVICES INC | COM | 032654105 |  | 693730 | 2558 | SH |  | SOLE | 0 | 0 | 0 | 2558 |
| APA CORPORATION | COM | 03743Q108 |  | 46152 | 10000 | SH | Call | SOLE | 0 | 0 | 0 | 10000 |
| APA CORPORATION | COM | 03743Q108 |  | 17217834 | 703918 | SH |  | SOLE | 0 | 0 | 0 | 703918 |
| APPLE INC | COM | 037833100 |  | 73819063 | 271533 | SH |  | SOLE | 0 | 0 | 0 | 271533 |
| APPLIED MATLS INC | COM | 038222105 |  | 556726 | 2166 | SH |  | SOLE | 0 | 0 | 0 | 2166 |
| ARES CAPITAL CORP | COM | 04010L103 |  | 209785 | 10370 | SH |  | SOLE | 0 | 0 | 0 | 10370 |
| ASSOCIATED BANC CORP | COM | 045487105 |  | 1034238 | 40149 | SH |  | SOLE | 0 | 0 | 0 | 40149 |
| AT INC | COM | 00206R102 |  | 1343980 | 54105 | SH |  | SOLE | 0 | 0 | 0 | 54105 |
| ATI INC | COM | 01741R102 |  | 37028921 | 322664 | SH |  | SOLE | 0 | 0 | 0 | 322664 |
| BADGER METER INC | COM | 056525108 |  | 558112 | 3200 | SH |  | SOLE | 0 | 0 | 0 | 3200 |
| BANK AMERICA CORP | COM | 060505104 |  | 17386807 | 316124 | SH |  | SOLE | 0 | 0 | 0 | 316124 |
| BANK MONTREAL QUE | COM | 063671101 |  | 490466 | 3779 | SH |  | SOLE | 0 | 0 | 0 | 3779 |
| BCE INC | COM NEW | 05534B760 |  | 202137 | 8486 | SH |  | SOLE | 0 | 0 | 0 | 8486 |
| BERKLEY W R CORP | COM | 084423102 |  | 3823153 | 54523 | SH |  | SOLE | 0 | 0 | 0 | 54523 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 3195849 | 6358 | SH |  | SOLE | 0 | 0 | 0 | 6358 |
| BEST BUY INC | COM | 086516101 |  | 8493350 | 126899 | SH |  | SOLE | 0 | 0 | 0 | 126899 |
| BOEING CO | COM | 097023105 |  | 34216586 | 157593 | SH |  | SOLE | 0 | 0 | 0 | 157593 |
| BP PLC | SPONSORED ADR | 055622104 |  | 394208 | 11351 | SH |  | SOLE | 0 | 0 | 0 | 11351 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 |  | 17270786 | 320185 | SH |  | SOLE | 0 | 0 | 0 | 320185 |
| BROADCOM INC | COM | 11135F101 |  | 13884123 | 40116 | SH |  | SOLE | 0 | 0 | 0 | 40116 |
| BROADCOM INC | COM | 11135F101 |  | 164999 | 34000 | SH | Put | SOLE | 0 | 0 | 0 | 34000 |
| BUILDERS FIRSTSOURCE INC | COM | 12008R107 |  | 16625481 | 161585 | SH |  | SOLE | 0 | 0 | 0 | 161585 |
| CAESARS ENTERTAINMENT INC NE | COM | 12769G100 |  | 233900 | 10000 | SH |  | SOLE | 0 | 0 | 0 | 10000 |
| CARRIER GLOBAL CORPORATION | COM | 14448C104 |  | 311210 | 5890 | SH |  | SOLE | 0 | 0 | 0 | 5890 |
| CATERPILLAR INC | COM | 149123101 |  | 4654653 | 8125 | SH |  | SOLE | 0 | 0 | 0 | 8125 |
| CELANESE CORP DEL | COM | 150870103 |  | 312872 | 7400 | SH |  | SOLE | 0 | 0 | 0 | 7400 |
| CENCORA INC | COM | 03073E105 |  | 663731 | 1965 | SH |  | SOLE | 0 | 0 | 0 | 1965 |
| CERAGON NETWORKS LTD | ORD | M22013102 |  | 1670550 | 795500 | SH |  | SOLE | 0 | 0 | 0 | 795500 |
| CHEVRON CORP NEW | COM | 166764100 |  | 4164472 | 27324 | SH |  | SOLE | 0 | 0 | 0 | 27324 |
| CIENA CORP | COM NEW | 171779309 |  | 651328 | 2785 | SH |  | SOLE | 0 | 0 | 0 | 2785 |
| CISCO SYS INC | COM | 17275R102 |  | 16158034 | 209763 | SH |  | SOLE | 0 | 0 | 0 | 209763 |
| CITIGROUP INC | COM NEW | 172967424 |  | 30091695 | 257877 | SH |  | SOLE | 0 | 0 | 0 | 257877 |
| CLOROX CO DEL | COM | 189054109 |  | 1282053 | 12715 | SH |  | SOLE | 0 | 0 | 0 | 12715 |
| COASTALSOUTH BANCSHARES INC | COM NEW | 19058X207 |  | 2502095 | 107617 | SH |  | SOLE | 0 | 0 | 0 | 107617 |
| COCA COLA CO | COM | 191216100 |  | 453038 | 6480 | SH |  | SOLE | 0 | 0 | 0 | 6480 |
| COLGATE PALMOLIVE CO | COM | 194162103 |  | 367364 | 4649 | SH |  | SOLE | 0 | 0 | 0 | 4649 |
| CONAGRA BRANDS INC | COM | 205887102 |  | 12481826 | 721076 | SH |  | SOLE | 0 | 0 | 0 | 721076 |
| CONAGRA BRANDS INC | COM | 205887102 |  | 8048 | 40000 | SH | Call | SOLE | 0 | 0 | 0 | 40000 |
| CONOCOPHILLIPS | COM | 20825C104 |  | 421526 | 4503 | SH |  | SOLE | 0 | 0 | 0 | 4503 |
| CONSOLIDATED EDISON INC | COM | 209115104 |  | 204599 | 2060 | SH |  | SOLE | 0 | 0 | 0 | 2060 |
| CONSTELLATION ENERGY CORP | COM | 21037T109 |  | 698062 | 1976 | SH |  | SOLE | 0 | 0 | 0 | 1976 |
| CORE  MAIN INC | CL A | 21874C102 |  | 207880 | 4000 | SH |  | SOLE | 0 | 0 | 0 | 4000 |
| CORNING INC | COM | 219350105 |  | 418975 | 4785 | SH |  | SOLE | 0 | 0 | 0 | 4785 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 1422777 | 1650 | SH |  | SOLE | 0 | 0 | 0 | 1650 |
| COTERRA ENERGY INC | COM | 127097103 |  | 243592 | 9255 | SH |  | SOLE | 0 | 0 | 0 | 9255 |
| D R HORTON INC | COM | 23331A109 |  | 308800 | 2144 | SH |  | SOLE | 0 | 0 | 0 | 2144 |
| DANAHER CORPORATION | COM | 235851102 |  | 215872 | 943 | SH |  | SOLE | 0 | 0 | 0 | 943 |
| DEERE  CO | COM | 244199105 |  | 2048508 | 4400 | SH |  | SOLE | 0 | 0 | 0 | 4400 |
| DELL TECHNOLOGIES INC | CL C | 24703L202 |  | 1272143 | 10106 | SH |  | SOLE | 0 | 0 | 0 | 10106 |
| DEXCOM INC | COM | 252131107 |  | 400676 | 6037 | SH |  | SOLE | 0 | 0 | 0 | 6037 |
| DISNEY WALT CO | COM | 254687106 |  | 9095473 | 79946 | SH |  | SOLE | 0 | 0 | 0 | 79946 |
| DOW INC | COM | 260557103 |  | 128373 | 25000 | SH | Call | SOLE | 0 | 0 | 0 | 25000 |
| DOW INC | COM | 260557103 |  | 9296381 | 397621 | SH |  | SOLE | 0 | 0 | 0 | 397621 |
| DTE ENERGY CO | COM | 233331107 |  | 219994 | 1706 | SH |  | SOLE | 0 | 0 | 0 | 1706 |
| DUKE ENERGY CORP NEW | COM NEW | 26441C204 |  | 800193 | 6827 | SH |  | SOLE | 0 | 0 | 0 | 6827 |
| EATON CORP PLC | SHS | G29183103 |  | 1172435 | 3681 | SH |  | SOLE | 0 | 0 | 0 | 3681 |
| ECOLAB INC | COM | 278865100 |  | 207128 | 789 | SH |  | SOLE | 0 | 0 | 0 | 789 |
| ELI LILLY  CO | COM | 532457108 |  | 1426121 | 1327 | SH |  | SOLE | 0 | 0 | 0 | 1327 |
| EMERSON ELEC CO | COM | 291011104 |  | 684394 | 5157 | SH |  | SOLE | 0 | 0 | 0 | 5157 |
| ENBRIDGE INC | COM | 29250N105 |  | 205956 | 4306 | SH |  | SOLE | 0 | 0 | 0 | 4306 |
| EXACT SCIENCES CORP | COM | 30063P105 |  | 323672 | 3187 | SH |  | SOLE | 0 | 0 | 0 | 3187 |
| EXELON CORP | COM | 30161N101 |  | 325879 | 7476 | SH |  | SOLE | 0 | 0 | 0 | 7476 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 4169597 | 34648 | SH |  | SOLE | 0 | 0 | 0 | 34648 |
| FASTENAL CO | COM | 311900104 |  | 1237609 | 30840 | SH |  | SOLE | 0 | 0 | 0 | 30840 |
| FIDELITY NATL INFORMATION SV | COM | 31620M106 |  | 563249 | 8475 | SH |  | SOLE | 0 | 0 | 0 | 8475 |
| FIRST TR EXCHANGE TRADED FD | CLOUD COMPUTING | 33734X192 |  | 352988 | 2714 | SH |  | SOLE | 0 | 0 | 0 | 2714 |
| FISERV INC | COM | 337738108 |  | 2333486 | 34740 | SH |  | SOLE | 0 | 0 | 0 | 34740 |
| FORD MTR CO | COM | 345370860 |  | 612254 | 46666 | SH |  | SOLE | 0 | 0 | 0 | 46666 |
| FORTINET INC | COM | 34959E109 |  | 1280486 | 16125 | SH |  | SOLE | 0 | 0 | 0 | 16125 |
| GALLAGHER ARTHUR J  CO | COM | 363576109 |  | 264455 | 1022 | SH |  | SOLE | 0 | 0 | 0 | 1022 |
| GATES INDL CORP PLC | ORD SHS | G39108108 |  | 14288908 | 665529 | SH |  | SOLE | 0 | 0 | 0 | 665529 |
| GE AEROSPACE | COM NEW | 369604301 |  | 2370291 | 7695 | SH |  | SOLE | 0 | 0 | 0 | 7695 |
| GE VERNOVA INC | COM | 36828A101 |  | 1248319 | 1910 | SH |  | SOLE | 0 | 0 | 0 | 1910 |
| GENERAL MTRS CO | COM | 37045V100 |  | 13780532 | 169461 | SH |  | SOLE | 0 | 0 | 0 | 169461 |
| GILEAD SCIENCES INC | COM | 375558103 |  | 209640 | 1708 | SH |  | SOLE | 0 | 0 | 0 | 1708 |
| GLOBAL X FDS | SUPERDIVIDEND | 37960A669 |  | 223479 | 9300 | SH |  | SOLE | 0 | 0 | 0 | 9300 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 |  | 255789 | 291 | SH |  | SOLE | 0 | 0 | 0 | 291 |
| GOODYEAR TIRE  RUBR CO | COM | 382550101 |  | 540400 | 386000 | SH | Call | SOLE | 0 | 0 | 0 | 386000 |
| GOODYEAR TIRE  RUBR CO | COM | 382550101 |  | 14307515 | 1633278 | SH |  | SOLE | 0 | 0 | 0 | 1633278 |
| HALLIBURTON CO | COM | 406216101 |  | 19001655 | 672387 | SH |  | SOLE | 0 | 0 | 0 | 672387 |
| HELMERICH  PAYNE INC | COM | 423452101 |  | 302574 | 10550 | SH |  | SOLE | 0 | 0 | 0 | 10550 |
| HEXCEL CORP NEW | COM | 428291108 |  | 14424098 | 195184 | SH |  | SOLE | 0 | 0 | 0 | 195184 |
| HOME DEPOT INC | COM | 437076102 |  | 1429223 | 4154 | SH |  | SOLE | 0 | 0 | 0 | 4154 |
| HONEYWELL INTL INC | COM | 438516106 |  | 300829 | 1542 | SH |  | SOLE | 0 | 0 | 0 | 1542 |
| HOWMET AEROSPACE INC | COM | 443201108 |  | 214861 | 1048 | SH |  | SOLE | 0 | 0 | 0 | 1048 |
| ILLINOIS TOOL WKS INC | COM | 452308109 |  | 927812 | 3767 | SH |  | SOLE | 0 | 0 | 0 | 3767 |
| INTEL CORP | COM | 458140100 |  | 500643 | 13568 | SH |  | SOLE | 0 | 0 | 0 | 13568 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 1470097 | 4963 | SH |  | SOLE | 0 | 0 | 0 | 4963 |
| INTERNATIONAL FLAVORS | COM | 459506101 |  | 11710697 | 173775 | SH |  | SOLE | 0 | 0 | 0 | 173775 |
| INTUITIVE SURGICAL INC | COM NEW | 46120E602 |  | 226544 | 400 | SH |  | SOLE | 0 | 0 | 0 | 400 |
| INVESCO EXCH TRADED FD TR II | S HDL VOL | 46138E362 |  | 278880 | 5810 | SH |  | SOLE | 0 | 0 | 0 | 5810 |
| INVESCO EXCHANGE TRADED FD T | S EQL WGT | 46137V357 |  | 6006671 | 31357 | SH |  | SOLE | 0 | 0 | 0 | 31357 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 4680542 | 7619 | SH |  | SOLE | 0 | 0 | 0 | 7619 |
| ISHARES TR | CORE US AGGBD ET | 464287226 |  | 335619 | 3360 | SH |  | SOLE | 0 | 0 | 0 | 3360 |
| ISHARES TR | S 500 GRWT ETF | 464287309 |  | 399855 | 3244 | SH |  | SOLE | 0 | 0 | 0 | 3244 |
| ISHARES TR | S MC 400GR ETF | 464287606 |  | 494476 | 5104 | SH |  | SOLE | 0 | 0 | 0 | 5104 |
| ISHARES TR | S MC 400VL ETF | 464287705 |  | 1012980 | 7698 | SH |  | SOLE | 0 | 0 | 0 | 7698 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 |  | 4626431 | 18794 | SH |  | SOLE | 0 | 0 | 0 | 18794 |
| ISHARES TR | RUS 1000 GRW ETF | 464287614 |  | 1255920 | 2654 | SH |  | SOLE | 0 | 0 | 0 | 2654 |
| ISHARES TR | CORE S ETF | 464287200 |  | 1356145 | 1980 | SH |  | SOLE | 0 | 0 | 0 | 1980 |
| ISHARES TR | BROAD USD HIGH | 46435U853 |  | 248078 | 6634 | SH |  | SOLE | 0 | 0 | 0 | 6634 |
| ISHARES TR | MSCI EAFE ETF | 464287465 |  | 725741 | 7557 | SH |  | SOLE | 0 | 0 | 0 | 7557 |
| ISHARES TR | YLD OPTIM BD | 46434V787 |  | 229341 | 10070 | SH |  | SOLE | 0 | 0 | 0 | 10070 |
| ISHARES TR | RUS 2000 VAL ETF | 464287630 |  | 242525 | 1338 | SH |  | SOLE | 0 | 0 | 0 | 1338 |
| ISHARES TR | HIGH YLD SYSTM B | 46435G250 |  | 230831 | 4875 | SH |  | SOLE | 0 | 0 | 0 | 4875 |
| ISHARES TR | CORE S SCP ETF | 464287804 |  | 754478 | 6278 | SH |  | SOLE | 0 | 0 | 0 | 6278 |
| ISHARES TR | U.S. TECH ETF | 464287721 |  | 228543 | 1145 | SH |  | SOLE | 0 | 0 | 0 | 1145 |
| ISHARES TR | RUSSELL 3000 ETF | 464287689 |  | 837530 | 2165 | SH |  | SOLE | 0 | 0 | 0 | 2165 |
| ISHARES TR | RUS 2000 GRW ETF | 464287648 |  | 476763 | 1476 | SH |  | SOLE | 0 | 0 | 0 | 1476 |
| ISHARES TR | RUS 1000 VAL ETF | 464287598 |  | 5350173 | 25436 | SH |  | SOLE | 0 | 0 | 0 | 25436 |
| ISHARES TR | CORE S TTL STK | 464287150 |  | 1165135 | 7836 | SH |  | SOLE | 0 | 0 | 0 | 7836 |
| J P MORGAN EXCHANGE TRADED F | EQUITY PREMIUM | 46641Q332 |  | 311672 | 5445 | SH |  | SOLE | 0 | 0 | 0 | 5445 |
| JABIL INC | COM | 466313103 |  | 342030 | 1500 | SH |  | SOLE | 0 | 0 | 0 | 1500 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 1662994 | 8036 | SH |  | SOLE | 0 | 0 | 0 | 8036 |
| JOHNSON CTLS INTL PLC | SHS | G51502105 |  | 2728624 | 22786 | SH |  | SOLE | 0 | 0 | 0 | 22786 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 4743688 | 14722 | SH |  | SOLE | 0 | 0 | 0 | 14722 |
| KEYCORP | COM | 493267108 |  | 2941163 | 142498 | SH |  | SOLE | 0 | 0 | 0 | 142498 |
| KIMBERLY-CLARK CORP | COM | 494368103 |  | 4009369 | 39740 | SH |  | SOLE | 0 | 0 | 0 | 39740 |
| KINDER MORGAN INC DEL | COM | 49456B101 |  | 940609 | 34216 | SH |  | SOLE | 0 | 0 | 0 | 34216 |
| KKR  CO INC | COM | 48251W104 |  | 201036 | 1577 | SH |  | SOLE | 0 | 0 | 0 | 1577 |
| LAM RESEARCH CORP | COM NEW | 512807306 |  | 2570610 | 15017 | SH |  | SOLE | 0 | 0 | 0 | 15017 |
| LINDE PLC | SHS | G54950103 |  | 217459 | 510 | SH |  | SOLE | 0 | 0 | 0 | 510 |
| LOCKHEED MARTIN CORP | COM | 539830109 |  | 593894 | 1228 | SH |  | SOLE | 0 | 0 | 0 | 1228 |
| LOEWS CORP | COM | 540424108 |  | 860383 | 8170 | SH |  | SOLE | 0 | 0 | 0 | 8170 |
| LOUISIANA PAC CORP | COM | 546347105 |  | 6773260 | 83869 | SH |  | SOLE | 0 | 0 | 0 | 83869 |
| LOWES COS INC | COM | 548661107 |  | 423731 | 1757 | SH |  | SOLE | 0 | 0 | 0 | 1757 |
| MANPOWERGROUP INC WIS | COM | 56418H100 |  | 46200 | 24000 | SH | Call | SOLE | 0 | 0 | 0 | 24000 |
| MANPOWERGROUP INC WIS | COM | 56418H100 |  | 180280 | 38000 | SH | Call | SOLE | 0 | 0 | 0 | 38000 |
| MANPOWERGROUP INC WIS | COM | 56418H100 |  | 15922793 | 535580 | SH |  | SOLE | 0 | 0 | 0 | 535580 |
| MARATHON BANCORP INC | COM NEW | 565759206 |  | 417331 | 34320 | SH |  | SOLE | 0 | 0 | 0 | 34320 |
| MARCUS CORP DEL | COM | 566330106 |  | 16842449 | 1085909 | SH |  | SOLE | 0 | 0 | 0 | 1085909 |
| MASCO CORP | COM | 574599106 |  | 213797 | 3369 | SH |  | SOLE | 0 | 0 | 0 | 3369 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 855178 | 1498 | SH |  | SOLE | 0 | 0 | 0 | 1498 |
| MCDONALDS CORP | COM | 580135101 |  | 2184600 | 7148 | SH |  | SOLE | 0 | 0 | 0 | 7148 |
| MCKESSON CORP | COM | 58155Q103 |  | 898548 | 1095 | SH |  | SOLE | 0 | 0 | 0 | 1095 |
| MERCK  CO INC | COM | 58933Y105 |  | 1440933 | 13689 | SH |  | SOLE | 0 | 0 | 0 | 13689 |
| META PLATFORMS INC | CL A | 30303M102 |  | 23844951 | 36124 | SH |  | SOLE | 0 | 0 | 0 | 36124 |
| METLIFE INC | COM | 59156R108 |  | 336229 | 4259 | SH |  | SOLE | 0 | 0 | 0 | 4259 |
| MGE ENERGY INC | COM | 55277P104 |  | 958685 | 12225 | SH |  | SOLE | 0 | 0 | 0 | 12225 |
| MGIC INVT CORP WIS | COM | 552848103 |  | 1837354 | 62880 | SH |  | SOLE | 0 | 0 | 0 | 62880 |
| MGM RESORTS INTERNATIONAL | COM | 552953101 |  | 291920 | 8000 | SH |  | SOLE | 0 | 0 | 0 | 8000 |
| MICRON TECHNOLOGY INC | COM | 595112103 |  | 256330 | 898 | SH |  | SOLE | 0 | 0 | 0 | 898 |
| MICROSOFT CORP | COM | 594918104 |  | 12474318 | 25794 | SH |  | SOLE | 0 | 0 | 0 | 25794 |
| MONDELEZ INTL INC | CL A | 609207105 |  | 381816 | 7093 | SH |  | SOLE | 0 | 0 | 0 | 7093 |
| MORGAN STANLEY | COM NEW | 617446448 |  | 1616764 | 9107 | SH |  | SOLE | 0 | 0 | 0 | 9107 |
| MOTOROLA SOLUTIONS INC | COM NEW | 620076307 |  | 465864 | 1215 | SH |  | SOLE | 0 | 0 | 0 | 1215 |
| NEOS ETF TRUST | NEOS S 500 HI | 78433H303 |  | 228243 | 4345 | SH |  | SOLE | 0 | 0 | 0 | 4345 |
| NEWMONT CORP | COM | 651639106 |  | 1665798 | 16683 | SH |  | SOLE | 0 | 0 | 0 | 16683 |
| NEXTERA ENERGY INC | COM | 65339F101 |  | 221653 | 2761 | SH |  | SOLE | 0 | 0 | 0 | 2761 |
| NICOLET BANKSHARES INC | COM | 65406E102 |  | 667150 | 5500 | SH |  | SOLE | 0 | 0 | 0 | 5500 |
| NIKE INC | CL B | 654106103 |  | 9345251 | 146684 | SH |  | SOLE | 0 | 0 | 0 | 146684 |
| NORFOLK SOUTHN CORP | COM | 655844108 |  | 505297 | 1750 | SH |  | SOLE | 0 | 0 | 0 | 1750 |
| NUCOR CORP | COM | 670346105 |  | 1652406 | 10131 | SH |  | SOLE | 0 | 0 | 0 | 10131 |
| NUVEEN S 500 BUY-WRITE INC | COM | 6706ER101 |  | 171902 | 11694 | SH |  | SOLE | 0 | 0 | 0 | 11694 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 143000 | 40000 | SH | Put | SOLE | 0 | 0 | 0 | 40000 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 42734 | 10000 | SH | Put | SOLE | 0 | 0 | 0 | 10000 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 14552 | 4000 | SH | Put | SOLE | 0 | 0 | 0 | 4000 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 276830497 | 1484346 | SH |  | SOLE | 0 | 0 | 0 | 1484346 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 8645 | 25000 | SH | Put | SOLE | 0 | 0 | 0 | 25000 |
| O-I GLASS INC | COM | 67098H104 |  | 147600 | 10000 | SH |  | SOLE | 0 | 0 | 0 | 10000 |
| OCTAVE SPECIALTY GROUP INC | COM NEW | 023139884 |  | 185942 | 23900 | SH |  | SOLE | 0 | 0 | 0 | 23900 |
| OKLO INC | COM CL A | 02156V109 |  | 717600 | 10000 | SH |  | SOLE | 0 | 0 | 0 | 10000 |
| OLIN CORP | COM PAR $1 | 680665205 |  | 9730964 | 467161 | SH |  | SOLE | 0 | 0 | 0 | 467161 |
| OPKO HEALTH INC | COM | 68375N103 |  | 12600 | 10000 | SH |  | SOLE | 0 | 0 | 0 | 10000 |
| ORACLE CORP | COM | 68389X105 |  | 917351 | 4707 | SH |  | SOLE | 0 | 0 | 0 | 4707 |
| ORGANON  CO | COMMON STOCK | 68622V106 |  | 27612 | 40000 | SH | Call | SOLE | 0 | 0 | 0 | 40000 |
| ORGANON  CO | COMMON STOCK | 68622V106 |  | 712447 | 99365 | SH |  | SOLE | 0 | 0 | 0 | 99365 |
| ORGANON  CO | COMMON STOCK | 68622V106 |  | 7963 | 7000 | SH | Call | SOLE | 0 | 0 | 0 | 7000 |
| OUTDOOR HOLDING CO | COM | 00175J107 |  | 17100 | 10000 | SH |  | SOLE | 0 | 0 | 0 | 10000 |
| PALANTIR TECHNOLOGIES INC | CL A | 69608A108 |  | 2490278 | 14010 | SH |  | SOLE | 0 | 0 | 0 | 14010 |
| PARKER-HANNIFIN CORP | COM | 701094104 |  | 241128 | 274 | SH |  | SOLE | 0 | 0 | 0 | 274 |
| PATTERSON-UTI ENERGY INC | COM | 703481101 |  | 6769465 | 1107932 | SH |  | SOLE | 0 | 0 | 0 | 1107932 |
| PATTERSON-UTI ENERGY INC | COM | 703481101 |  | 137745 | 75000 | SH | Call | SOLE | 0 | 0 | 0 | 75000 |
| PEPSICO INC | COM | 713448108 |  | 4109847 | 28636 | SH |  | SOLE | 0 | 0 | 0 | 28636 |
| PFIZER INC | COM | 717081103 |  | 4103960 | 164818 | SH |  | SOLE | 0 | 0 | 0 | 164818 |
| PHILIP MORRIS INTL INC | COM | 718172109 |  | 2004467 | 12497 | SH |  | SOLE | 0 | 0 | 0 | 12497 |
| POET TECHNOLOGIES INC | COM NEW | 73044W302 |  | 316500 | 50000 | SH |  | SOLE | 0 | 0 | 0 | 50000 |
| POET TECHNOLOGIES INC | COM NEW | 73044W302 |  | 69965 | 50000 | SH | Call | SOLE | 0 | 0 | 0 | 50000 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 1120695 | 7820 | SH |  | SOLE | 0 | 0 | 0 | 7820 |
| QUALCOMM INC | COM | 747525103 |  | 2366221 | 13834 | SH |  | SOLE | 0 | 0 | 0 | 13834 |
| RPM INTL INC | COM | 749685103 |  | 201032 | 1933 | SH |  | SOLE | 0 | 0 | 0 | 1933 |
| RTX CORPORATION | COM | 75513E101 |  | 601069 | 3277 | SH |  | SOLE | 0 | 0 | 0 | 3277 |
| SCHWAB CHARLES CORP | COM | 808513105 |  | 582975 | 5835 | SH |  | SOLE | 0 | 0 | 0 | 5835 |
| SCHWAB STRATEGIC TR | US BRD MKT ETF | 808524102 |  | 1294687 | 49359 | SH |  | SOLE | 0 | 0 | 0 | 49359 |
| SCHWAB STRATEGIC TR | US DIVIDEND EQ | 808524797 |  | 1487769 | 54239 | SH |  | SOLE | 0 | 0 | 0 | 54239 |
| SCHWAB STRATEGIC TR | INTL EQTY ETF | 808524805 |  | 336608 | 14002 | SH |  | SOLE | 0 | 0 | 0 | 14002 |
| SCHWAB STRATEGIC TR | US LCAP GR ETF | 808524300 |  | 1319902 | 40463 | SH |  | SOLE | 0 | 0 | 0 | 40463 |
| SCHWAB STRATEGIC TR | FUNDAMENTAL INTL | 808524755 |  | 349725 | 7736 | SH |  | SOLE | 0 | 0 | 0 | 7736 |
| SCHWAB STRATEGIC TR | HIGH YIELD BD ET | 808524631 |  | 234425 | 8873 | SH |  | SOLE | 0 | 0 | 0 | 8873 |
| SCHWAB STRATEGIC TR | US SML CAP ETF | 808524607 |  | 266589 | 9361 | SH |  | SOLE | 0 | 0 | 0 | 9361 |
| SCHWAB STRATEGIC TR | US LCAP VA ETF | 808524409 |  | 487463 | 16463 | SH |  | SOLE | 0 | 0 | 0 | 16463 |
| SCHWAB STRATEGIC TR | FUNDAMENTAL US L | 808524771 |  | 763832 | 28072 | SH |  | SOLE | 0 | 0 | 0 | 28072 |
| SCHWAB STRATEGIC TR | US LRG CAP ETF | 808524201 |  | 1456014 | 54107 | SH |  | SOLE | 0 | 0 | 0 | 54107 |
| SCHWAB STRATEGIC TR | FUNDAMENTAL US S | 808524763 |  | 227219 | 7211 | SH |  | SOLE | 0 | 0 | 0 | 7211 |
| SELECT SECTOR SPDR TR | STATE STREET FIN | 81369Y605 |  | 645263 | 11781 | SH |  | SOLE | 0 | 0 | 0 | 11781 |
| SELECT SECTOR SPDR TR | STATE STREET TEC | 81369Y803 |  | 1663278 | 11553 | SH |  | SOLE | 0 | 0 | 0 | 11553 |
| SLB LIMITED | COM STK | 806857108 |  | 502624 | 13096 | SH |  | SOLE | 0 | 0 | 0 | 13096 |
| SMITH A O CORP | COM | 831865209 |  | 361152 | 5400 | SH |  | SOLE | 0 | 0 | 0 | 5400 |
| SNAP INC | CL A | 83304A106 |  | 161400 | 20000 | SH |  | SOLE | 0 | 0 | 0 | 20000 |
| SOFI TECHNOLOGIES INC | COM | 83406F102 |  | 1024973 | 39151 | SH |  | SOLE | 0 | 0 | 0 | 39151 |
| SOFI TECHNOLOGIES INC | COM | 83406F102 |  | 932 | 15500 | SH | Put | SOLE | 0 | 0 | 0 | 15500 |
| SOUTHERN CO | COM | 842587107 |  | 268093 | 3074 | SH |  | SOLE | 0 | 0 | 0 | 3074 |
| SPDR INDEX SHS FDS | S NORTH AMER | 78463X152 |  | 924794 | 13634 | SH |  | SOLE | 0 | 0 | 0 | 13634 |
| SPDR INDEX SHS FDS | PORTFOLIO DEVLPD | 78463X889 |  | 226002 | 5089 | SH |  | SOLE | 0 | 0 | 0 | 5089 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 19888170 | 29165 | SH |  | SOLE | 0 | 0 | 0 | 29165 |
| SPDR SERIES TRUST | STATE STREET SPD | 78468R606 |  | 230783 | 9750 | SH |  | SOLE | 0 | 0 | 0 | 9750 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A763 |  | 216950 | 1559 | SH |  | SOLE | 0 | 0 | 0 | 1559 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A409 |  | 203264 | 1905 | SH |  | SOLE | 0 | 0 | 0 | 1905 |
| STARBUCKS CORP | COM | 855244109 |  | 288302 | 3424 | SH |  | SOLE | 0 | 0 | 0 | 3424 |
| STATE STR CORP | COM | 857477103 |  | 258020 | 2000 | SH |  | SOLE | 0 | 0 | 0 | 2000 |
| STRATEGY INC | CL A NEW | 594972408 |  | 305420 | 2010 | SH |  | SOLE | 0 | 0 | 0 | 2010 |
| T ROWE PRICE ETF INC | CAP APPRECIATION | 87283Q867 |  | 456156 | 11935 | SH |  | SOLE | 0 | 0 | 0 | 11935 |
| T-MOBILE US INC | COM | 872590104 |  | 272683 | 1343 | SH |  | SOLE | 0 | 0 | 0 | 1343 |
| TAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADS | 874039100 |  | 1363858 | 4488 | SH |  | SOLE | 0 | 0 | 0 | 4488 |
| TARGET CORP | COM | 87612E106 |  | 9128540 | 93387 | SH |  | SOLE | 0 | 0 | 0 | 93387 |
| TERRA INNOVATUM GLOBAL NV | ORD SHS | N85083108 |  | 46200 | 10000 | SH |  | SOLE | 0 | 0 | 0 | 10000 |
| TESLA INC | COM | 88160R101 |  | 3345467 | 7439 | SH |  | SOLE | 0 | 0 | 0 | 7439 |
| TEXAS INSTRS INC | COM | 882508104 |  | 1134869 | 6541 | SH |  | SOLE | 0 | 0 | 0 | 6541 |
| TEXAS PACIFIC LAND CORPORATI | COM | 88262P102 |  | 8470118 | 29490 | SH |  | SOLE | 0 | 0 | 0 | 29490 |
| TJX COS INC NEW | COM | 872540109 |  | 306307 | 1994 | SH |  | SOLE | 0 | 0 | 0 | 1994 |
| TOWER SEMICONDUCTOR LTD | SHS NEW | M87915274 |  | 234840 | 2000 | SH |  | SOLE | 0 | 0 | 0 | 2000 |
| TRUIST FINL CORP | COM | 89832Q109 |  | 16415628 | 333583 | SH |  | SOLE | 0 | 0 | 0 | 333583 |
| UMB FINL CORP | COM | 902788108 |  | 561165 | 4878 | SH |  | SOLE | 0 | 0 | 0 | 4878 |
| UNITED PARCEL SERVICE INC | CL B | 911312106 |  | 19224387 | 193814 | SH |  | SOLE | 0 | 0 | 0 | 193814 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 1017069 | 3081 | SH |  | SOLE | 0 | 0 | 0 | 3081 |
| UPSTART HLDGS INC | COM | 91680M107 |  | 229583 | 5250 | SH |  | SOLE | 0 | 0 | 0 | 5250 |
| US BANCORP DEL | COM NEW | 902973304 |  | 7005758 | 131292 | SH |  | SOLE | 0 | 0 | 0 | 131292 |
| VANGUARD INDEX FDS | SMALL CP ETF | 922908751 |  | 473596 | 1836 | SH |  | SOLE | 0 | 0 | 0 | 1836 |
| VANGUARD INDEX FDS | VALUE ETF | 922908744 |  | 1298159 | 6797 | SH |  | SOLE | 0 | 0 | 0 | 6797 |
| VANGUARD INDEX FDS | GROWTH ETF | 922908736 |  | 2386134 | 4891 | SH |  | SOLE | 0 | 0 | 0 | 4891 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 |  | 13697506 | 40855 | SH |  | SOLE | 0 | 0 | 0 | 40855 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 2376490 | 3789 | SH |  | SOLE | 0 | 0 | 0 | 3789 |
| VANGUARD INDEX FDS | MCAP GR IDXVIP | 922908538 |  | 436575 | 1564 | SH |  | SOLE | 0 | 0 | 0 | 1564 |
| VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 922042858 |  | 535772 | 9966 | SH |  | SOLE | 0 | 0 | 0 | 9966 |
| VANGUARD SCOTTSDALE FDS | LONG TERM TREAS | 92206C847 |  | 230175 | 4125 | SH |  | SOLE | 0 | 0 | 0 | 4125 |
| VANGUARD SPECIALIZED FUNDS | DIV APP ETF | 921908844 |  | 1489866 | 6779 | SH |  | SOLE | 0 | 0 | 0 | 6779 |
| VANGUARD TAX-MANAGED FDS | VAN FTSE DEV MKT | 921943858 |  | 2847445 | 45581 | SH |  | SOLE | 0 | 0 | 0 | 45581 |
| VANGUARD WORLD FD | INF TECH ETF | 92204A702 |  | 539008 | 715 | SH |  | SOLE | 0 | 0 | 0 | 715 |
| VANGUARD WORLD FD | HEALTH CAR ETF | 92204A504 |  | 287850 | 1000 | SH |  | SOLE | 0 | 0 | 0 | 1000 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 13553110 | 332755 | SH |  | SOLE | 0 | 0 | 0 | 332755 |
| VISA INC | COM CL A | 92826C839 |  | 1531200 | 4366 | SH |  | SOLE | 0 | 0 | 0 | 4366 |
| WALMART INC | COM | 931142103 |  | 3458559 | 31044 | SH |  | SOLE | 0 | 0 | 0 | 31044 |
| WASTE MGMT INC DEL | COM | 94106L109 |  | 491096 | 2235 | SH |  | SOLE | 0 | 0 | 0 | 2235 |
| WEC ENERGY GROUP INC | COM | 92939U106 |  | 4449766 | 42194 | SH |  | SOLE | 0 | 0 | 0 | 42194 |
| WELLS FARGO CO NEW | COM | 949746101 |  | 20759377 | 222740 | SH |  | SOLE | 0 | 0 | 0 | 222740 |
| WEYERHAEUSER CO MTN BE | COM NEW | 962166104 |  | 2803712 | 118350 | SH |  | SOLE | 0 | 0 | 0 | 118350 |
| XCEL ENERGY INC | COM | 98389B100 |  | 808767 | 10950 | SH |  | SOLE | 0 | 0 | 0 | 10950 |
| ZIMMER BIOMET HOLDINGS INC | COM | 98956P102 |  | 11792199 | 131141 | SH |  | SOLE | 0 | 0 | 0 | 131141 |

---