# EDGAR Filing Document

**Accession Number:** 0001166620
**File Stem:** 0001166620-23-000002
**Filing Date:** 2023-2
**Character Count:** 16122
**Document Hash:** 74b0ae87e92346918488d1293277ab73
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001166620-23-000002.hdr.sgml**: 20230210

**ACCESSION NUMBER**: 0001166620-23-000002

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230210

**DATE AS OF CHANGE**: 20230210

**EFFECTIVENESS DATE**: 20230210

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** KLCM Advisors, Inc.
- **CENTRAL INDEX KEY:** 0001166620
- **IRS NUMBER:** 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:** 23611957

**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:** 12-31-2022

**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:** 4147651295

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

Tracey S. Campbell  MILWAUKEE, WI  02-10-2023<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:** 131

**Form 13F Information Table Value Total:** $492221752

      (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 |
| 3M Co. | COM | 88579y101 |  | 261800 | 2183 | SH |  | SOLE |  | 0 | 0 | 2183 |
| AMBAC Financial Group | COM | 023139884 |  | 244160 | 14000 | SH |  | SOLE |  | 0 | 0 | 14000 |
| AT Inc. | COM | 00206R102 |  | 19754794 | 1073047 | SH |  | SOLE |  | 0 | 0 | 1073047 |
| Abbott Laboratories | COM | 002824100 |  | 1047277 | 9539 | SH |  | SOLE |  | 0 | 0 | 9539 |
| Abbvie Inc. | COM | 00287y109 |  | 1647234 | 10193 | SH |  | SOLE |  | 0 | 0 | 10193 |
| Accenture PLC | COM | G1151C101 |  | 266039 | 997 | SH |  | SOLE |  | 0 | 0 | 997 |
| Agnico Eagle Mines Ltd. | COM | 008474108 |  | 831840 | 16000 | SH |  | SOLE |  | 0 | 0 | 16000 |
| Allegheny Technologies Inc. | COM | 01741r102 |  | 36374676 | 1218174 | SH |  | SOLE |  | 0 | 0 | 1218174 |
| Alliant Energy Corp. | COM | 018802108 |  | 527145 | 9548 | SH |  | SOLE |  | 0 | 0 | 9548 |
| Allison Transmission Holdings | COM | 01973r101 |  | 11992805 | 288289 | SH |  | SOLE |  | 0 | 0 | 288289 |
| Alphabet Inc. Cl A | COM | 02079k305 |  | 487030 | 5520 | SH |  | SOLE |  | 0 | 0 | 5520 |
| Alphabet Inc. Cl C | COM | 02079k107 |  | 1706278 | 19230 | SH |  | SOLE |  | 0 | 0 | 19230 |
| Altria Group Inc. | COM | 02209S103 |  | 815247 | 17835 | SH |  | SOLE |  | 0 | 0 | 17835 |
| Amazon Inc. | COM | 023135106 |  | 671160 | 7990 | SH |  | SOLE |  | 0 | 0 | 7990 |
| America Movil Sab ADR | COM | 02364w105 |  | 910000 | 50000 | SH |  | SOLE |  | 0 | 0 | 50000 |
| Amgen Inc. | COM | 031162100 |  | 209324 | 797 | SH |  | SOLE |  | 0 | 0 | 797 |
| Ansys Inc. | COM | 03662q105 |  | 226611 | 938 | SH |  | SOLE |  | 0 | 0 | 938 |
| Apple Inc. | COM | 037833100 |  | 6458297 | 49706 | SH |  | SOLE |  | 0 | 0 | 49706 |
| BCE Inc. | COM | 05534B760 |  | 409526 | 9318 | SH |  | SOLE |  | 0 | 0 | 9318 |
| BP PLC | COM | 055622104 |  | 406747 | 11645 | SH |  | SOLE |  | 0 | 0 | 11645 |
| Bald Eagle Energy | COM | 057690109 |  | 0 | 14000 | SH |  | SOLE |  | 0 | 0 | 14000 |
| Bank Montreal | COM | 063671101 |  | 293182 | 3236 | SH |  | SOLE |  | 0 | 0 | 3236 |
| Bank of America Corp. | COM | 060505104 |  | 11151685 | 336705 | SH |  | SOLE |  | 0 | 0 | 336705 |
| Berkley W R Corp. | COM | 084423102 |  | 2637847 | 36349 | SH |  | SOLE |  | 0 | 0 | 36349 |
| Berkshire Hathaway Cl B | COM | 084670702 |  | 1132427 | 3666 | SH |  | SOLE |  | 0 | 0 | 3666 |
| Boeing Co. | COM | 097023105 |  | 23502678 | 123380 | SH |  | SOLE |  | 0 | 0 | 123380 |
| Bristol-Myers Squibb Corp. | COM | 110122108 |  | 21572782 | 299830 | SH |  | SOLE |  | 0 | 0 | 299830 |
| Caterpillar Inc. | COM | 149123101 |  | 498654 | 2082 | SH |  | SOLE |  | 0 | 0 | 2082 |
| Chevron Corp. | COM | 166764100 |  | 1623988 | 9048 | SH |  | SOLE |  | 0 | 0 | 9048 |
| Cisco Systems Inc. | COM | 17275r102 |  | 12977843 | 272415 | SH |  | SOLE |  | 0 | 0 | 272415 |
| Citigroup Inc. | COM | 172967424 |  | 21880705 | 483765 | SH |  | SOLE |  | 0 | 0 | 483765 |
| Coastalsouth Bancshares Inc. | COM | 19058x207 |  | 629412 | 37046 | SH |  | SOLE |  | 0 | 0 | 37046 |
| Coca Cola Co. | COM | 191216100 |  | 604192 | 9498 | SH |  | SOLE |  | 0 | 0 | 9498 |
| Colgate-Palmolive Co. | COM | 194162103 |  | 392926 | 4987 | SH |  | SOLE |  | 0 | 0 | 4987 |
| Comcast Corp. Cl A | COM | 20030n101 |  | 6129674 | 175284 | SH |  | SOLE |  | 0 | 0 | 175284 |
| ConocoPhillips | COM | 20825c104 |  | 376656 | 3192 | SH |  | SOLE |  | 0 | 0 | 3192 |
| Contra America Movil | COM | 023CNT017 |  | 0 | 50000 | SH |  | SOLE |  | 0 | 0 | 50000 |
| Costco Wholesale Corp. | COM | 22160k105 |  | 388938 | 852 | SH |  | SOLE |  | 0 | 0 | 852 |
| Coterra Energy Inc. | COM | 127097103 |  | 7169094 | 291782 | SH |  | SOLE |  | 0 | 0 | 291782 |
| Crowdstrike Holdings Inc. | COM | 22788c105 |  | 211633 | 2010 | SH |  | SOLE |  | 0 | 0 | 2010 |
| DNP Select Income Fund | COM | 23325p104 |  | 191250 | 17000 | SH |  | SOLE |  | 0 | 0 | 17000 |
| Deere  Co. | COM | 244199105 |  | 541095 | 1262 | SH |  | SOLE |  | 0 | 0 | 1262 |
| Dow Inc. | COM | 260557103 |  | 12941945 | 256836 | SH |  | SOLE |  | 0 | 0 | 256836 |
| Duke Energy Corp. | COM | 26441c204 |  | 590133 | 5730 | SH |  | SOLE |  | 0 | 0 | 5730 |
| Eaton Corp. | COM | g29183103 |  | 486545 | 3100 | SH |  | SOLE |  | 0 | 0 | 3100 |
| Eli Lilly  Co. | COM | 532457108 |  | 2245892 | 6139 | SH |  | SOLE |  | 0 | 0 | 6139 |
| Emerson Electric Co. | COM | 291011104 |  | 602488 | 6272 | SH |  | SOLE |  | 0 | 0 | 6272 |
| Essent Group Ltd. | COM | G3198U102 |  | 375231 | 9651 | SH |  | SOLE |  | 0 | 0 | 9651 |
| Exxon Mobil Corp. | COM | 30231g102 |  | 3900015 | 35358 | SH |  | SOLE |  | 0 | 0 | 35358 |
| Fastenal Co. | COM | 311900104 |  | 1229610 | 25985 | SH |  | SOLE |  | 0 | 0 | 25985 |
| Fidelity National Information | COM | 31620m106 |  | 587988 | 8666 | SH |  | SOLE |  | 0 | 0 | 8666 |
| Fiserv Inc. | COM | 337738108 |  | 4888048 | 48363 | SH |  | SOLE |  | 0 | 0 | 48363 |
| Flowserve Corp. | COM | 34354p105 |  | 11104387 | 361942 | SH |  | SOLE |  | 0 | 0 | 361942 |
| Ford Motor Co. | COM | 345370860 |  | 429008 | 36888 | SH |  | SOLE |  | 0 | 0 | 36888 |
| Gates Industrial Corp. | COM | g39108108 |  | 6866606 | 601806 | SH |  | SOLE |  | 0 | 0 | 601806 |
| General Electric Co. | COM | 369604301 |  | 468805 | 5595 | SH |  | SOLE |  | 0 | 0 | 5595 |
| General Mills Inc. | COM | 370334104 |  | 211637 | 2524 | SH |  | SOLE |  | 0 | 0 | 2524 |
| General Motors Co. | COM | 37045v100 |  | 6418151 | 190789 | SH |  | SOLE |  | 0 | 0 | 190789 |
| Goodyear Tire  Rubber | COM | 382550101 |  | 8391766 | 826775 | SH |  | SOLE |  | 0 | 0 | 826775 |
| HanesBrands Inc. | COM | 410345102 |  | 12121368 | 1905876 | SH |  | SOLE |  | 0 | 0 | 1905876 |
| Helmerich  Payne Inc. | COM | 423452101 |  | 644410 | 13000 | SH |  | SOLE |  | 0 | 0 | 13000 |
| Hershey Co. | COM | 427866108 |  | 362870 | 1567 | SH |  | SOLE |  | 0 | 0 | 1567 |
| Home Depot Inc. | COM | 437076102 |  | 540941 | 1713 | SH |  | SOLE |  | 0 | 0 | 1713 |
| Honeywell Inc. | COM | 438516106 |  | 223943 | 1045 | SH |  | SOLE |  | 0 | 0 | 1045 |
| IBM Corp. | COM | 459200101 |  | 14501285 | 102926 | SH |  | SOLE |  | 0 | 0 | 102926 |
| Intel Corp. | COM | 458140100 |  | 1036629 | 39222 | SH |  | SOLE |  | 0 | 0 | 39222 |
| International Paper Co. | COM | 460146103 |  | 2463924 | 71150 | SH |  | SOLE |  | 0 | 0 | 71150 |
| JP Morgan Chase  Co. | COM | 46625H100 |  | 1989892 | 14839 | SH |  | SOLE |  | 0 | 0 | 14839 |
| Johnson  Johnson | COM | 478160104 |  | 1030514 | 5834 | SH |  | SOLE |  | 0 | 0 | 5834 |
| Johnson Controls Intl. | COM | g51502105 |  | 2514624 | 39291 | SH |  | SOLE |  | 0 | 0 | 39291 |
| Kellogg Co. | COM | 487836108 |  | 361236 | 5071 | SH |  | SOLE |  | 0 | 0 | 5071 |
| Kimberly-Clark Corp. | COM | 494368103 |  | 591463 | 4357 | SH |  | SOLE |  | 0 | 0 | 4357 |
| Kinder Morgan Inc. | COM | 49456b101 |  | 22092997 | 1221958 | SH |  | SOLE |  | 0 | 0 | 1221958 |
| Kohls Corp. | COM | 500255104 |  | 1627263 | 64446 | SH |  | SOLE |  | 0 | 0 | 64446 |
| Lockheed Martin Corp. | COM | 539830109 |  | 538589 | 1107 | SH |  | SOLE |  | 0 | 0 | 1107 |
| LyondellBasell Industries | COM | N53745100 |  | 211145 | 2543 | SH |  | SOLE |  | 0 | 0 | 2543 |
| MGE Energy Inc. | COM | 55277p104 |  | 913440 | 12975 | SH |  | SOLE |  | 0 | 0 | 12975 |
| MGIC Investment Corp. | COM | 552848103 |  | 3666936 | 282072 | SH |  | SOLE |  | 0 | 0 | 282072 |
| Malachite Innovations Com | COM | 56089m107 |  | 13320 | 74000 | SH |  | SOLE |  | 0 | 0 | 74000 |
| Mastercard Inc. | COM | 57636q104 |  | 256972 | 739 | SH |  | SOLE |  | 0 | 0 | 739 |
| McDonalds Corp. | COM | 580135101 |  | 1085211 | 4118 | SH |  | SOLE |  | 0 | 0 | 4118 |
| Medtronic PLC | COM | G5960L103 |  | 6579542 | 84657 | SH |  | SOLE |  | 0 | 0 | 84657 |
| Merck  Co. Inc. | COM | 58933Y105 |  | 8369633 | 75436 | SH |  | SOLE |  | 0 | 0 | 75436 |
| MetLife Inc. | COM | 59156R108 |  | 337570 | 4665 | SH |  | SOLE |  | 0 | 0 | 4665 |
| Microsoft Corp. | COM | 594918104 |  | 2565982 | 10700 | SH |  | SOLE |  | 0 | 0 | 10700 |
| Mondelez International Inc. | COM | 609207105 |  | 810064 | 12154 | SH |  | SOLE |  | 0 | 0 | 12154 |
| Morgan Stanley | COM | 617446448 |  | 488610 | 5747 | SH |  | SOLE |  | 0 | 0 | 5747 |
| NVIDIA Corp. | COM | 67066g104 |  | 1636227 | 11196 | SH |  | SOLE |  | 0 | 0 | 11196 |
| Nano Dimension Ltd. | COM | 63008g203 |  | 23000 | 10000 | SH |  | SOLE |  | 0 | 0 | 10000 |
| National Instrs Corp. | COM | 636518102 |  | 7302805 | 197908 | SH |  | SOLE |  | 0 | 0 | 197908 |
| Newmont Corp. | COM | 651639106 |  | 11598396 | 245729 | SH |  | SOLE |  | 0 | 0 | 245729 |
| Nokia Corp. | COM | 654902204 |  | 57462 | 12384 | SH |  | SOLE |  | 0 | 0 | 12384 |
| Norfolk Southern Corp. | COM | 655844108 |  | 458834 | 1862 | SH |  | SOLE |  | 0 | 0 | 1862 |
| OPKO Health Inc. | COM | 68375n103 |  | 12500 | 10000 | SH |  | SOLE |  | 0 | 0 | 10000 |
| Occidental Petroleum Corp. | COM | 674599105 |  | 301058 | 4779 | SH |  | SOLE |  | 0 | 0 | 4779 |
| Operaadora De Sites Mexicanos | COM | P7369E102 |  | 72550 | 74000 | SH |  | SOLE |  | 0 | 0 | 74000 |
| Options Media Group Hldgs. | COM | 684008105 |  | 0 | 20000 | SH |  | SOLE |  | 0 | 0 | 20000 |
| Oracle Corp. | COM | 68389x105 |  | 18941477 | 231728 | SH |  | SOLE |  | 0 | 0 | 231728 |
| Orion Energy System Inc. | COM | 686275108 |  | 36400 | 20000 | SH |  | SOLE |  | 0 | 0 | 20000 |
| PepsiCo Inc. | COM | 713448108 |  | 1711287 | 9472 | SH |  | SOLE |  | 0 | 0 | 9472 |
| Pfizer Inc. | COM | 717081103 |  | 1717189 | 33513 | SH |  | SOLE |  | 0 | 0 | 33513 |
| Philip Morris International In | COM | 718172109 |  | 1519668 | 15015 | SH |  | SOLE |  | 0 | 0 | 15015 |
| Phillips 66 | COM | 718546104 |  | 274477 | 2637 | SH |  | SOLE |  | 0 | 0 | 2637 |
| Procter  Gamble Co. | COM | 742718109 |  | 1374704 | 9070 | SH |  | SOLE |  | 0 | 0 | 9070 |
| Raytheon Technologies Inc. | COM | 75513E101 |  | 246067 | 2438 | SH |  | SOLE |  | 0 | 0 | 2438 |
| Reynolds Consumer Products | COM | 76171l106 |  | 7036184 | 234696 | SH |  | SOLE |  | 0 | 0 | 234696 |
| Rockwell Automation Inc. | COM | 773903109 |  | 252676 | 981 | SH |  | SOLE |  | 0 | 0 | 981 |
| Ross Stores Inc. | COM | 778296103 |  | 8580010 | 73921 | SH |  | SOLE |  | 0 | 0 | 73921 |
| Schlumberger Ltd. | COM | 806857108 |  | 531499 | 9942 | SH |  | SOLE |  | 0 | 0 | 9942 |
| Sorento Therapeutics | COM | 83587f202 |  | 17720 | 20000 | SH |  | SOLE |  | 0 | 0 | 20000 |
| Southwest Airlines Co. | COM | 844741108 |  | 298990 | 8880 | SH |  | SOLE |  | 0 | 0 | 8880 |
| Spooz Inc. | COM | 84915Q100 |  | 460 | 1535000 | SH |  | SOLE |  | 0 | 0 | 1535000 |
| Starbucks Corp. | COM | 855244109 |  | 220483 | 2223 | SH |  | SOLE |  | 0 | 0 | 2223 |
| Target Corp. | COM | 87612e106 |  | 287498 | 1929 | SH |  | SOLE |  | 0 | 0 | 1929 |
| Tellurian Inc. | COM | 87968a104 |  | 38640 | 23000 | SH |  | SOLE |  | 0 | 0 | 23000 |
| Tesla Inc. | COM | 88160r101 |  | 680939 | 5528 | SH |  | SOLE |  | 0 | 0 | 5528 |
| Texas Instruments Inc. | COM | 882508104 |  | 405870 | 2457 | SH |  | SOLE |  | 0 | 0 | 2457 |
| The Walt Disney Co. | COM | 254687106 |  | 7234313 | 83268 | SH |  | SOLE |  | 0 | 0 | 83268 |
| US BanCorp. | COM | 902973304 |  | 5961923 | 136710 | SH |  | SOLE |  | 0 | 0 | 136710 |
| US Silica Holdings Inc. | COM | 90346e103 |  | 125000 | 10000 | SH |  | SOLE |  | 0 | 0 | 10000 |
| Union Pacific Corp. | COM | 907818108 |  | 4183021 | 20201 | SH |  | SOLE |  | 0 | 0 | 20201 |
| UnitedHealth Group Inc. | COM | 91324P102 |  | 1778754 | 3355 | SH |  | SOLE |  | 0 | 0 | 3355 |
| Unrivaled Brands Inc. | COM | 91532e105 |  | 532 | 38000 | SH |  | SOLE |  | 0 | 0 | 38000 |
| VF Corp. | COM | 918204108 |  | 586830 | 21254 | SH |  | SOLE |  | 0 | 0 | 21254 |
| Verizon Communications | COM | 92343v104 |  | 16765035 | 425508 | SH |  | SOLE |  | 0 | 0 | 425508 |
| Visa Inc. | COM | 92826c839 |  | 832494 | 4007 | SH |  | SOLE |  | 0 | 0 | 4007 |
| Vuzix Corp. | COM | 92921w300 |  | 83720 | 23000 | SH |  | SOLE |  | 0 | 0 | 23000 |
| WEC Energy Group Inc. | COM | 92939u106 |  | 4036289 | 43049 | SH |  | SOLE |  | 0 | 0 | 43049 |
| Walgreens Boots Alliance Inc. | COM | 931427108 |  | 17909180 | 479368 | SH |  | SOLE |  | 0 | 0 | 479368 |
| Wells Fargo  Co. | COM | 949746101 |  | 17425509 | 422027 | SH |  | SOLE |  | 0 | 0 | 422027 |
| Xcel Energy Inc. | COM | 98389b100 |  | 830803 | 11850 | SH |  | SOLE |  | 0 | 0 | 11850 |

---