Abstract: A device for holding magnetizable articles includes a revolving drum having externally-mounted magnets. Part-identification labeling surfaces are also included on the drum exterior. In a preferred embodiment, the drum is oriented horizontally and is supported by a contoured base. The drum is seated within side supports of the base, and adjustable knobs provide varied amounts of relative friction between the drum and the base. The drum is removable even if fully-loaded and may be replaced with a secondary drum. In another embodiment, the revolving apparatus is mounted vertically, allowing several drums to be used simultaneously.