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SFE Investment Counsel — 13F Holdings & Portfolio

CIK 1317784 · latest 13F-HR filed 2026-08-05

Backtest portfolio

SFE Investment Counsel manages $741.5M in 13F-reported U.S. long-equity assets across 152 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are NVDA (3.75%), PANW (3.70%), AAPL (3.36%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 15 new positions and exited 6; 78 existing positions rose in reported value and 27 fell.

AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.

Loading holdings…
AUM
$741.5M

Long-equity book

Holdings
152

Distinct positions

Period
2026-06-30

Filed 2026-08-05

Q/Q Activity
+15 / −6 / ↑78 / ↓27

vs 2026-03-31

Portfolio charts

Latest quarter's book, what changed, and how the portfolio has evolved across filings.

Portfolio map

Q2 26
NVDA3.8% · +2%PANW3.8% · -5%AAPL3.4% · -1%MSFT3.0% · +2%AVGO3.0% · -2%JPM2.7% · -0%AMZN2.7% · +2%OKE2.4% · -0%QCOM2.3% · -9%GOOGL2.1% · -4%NEE2.1% · 0%FSLR2.0% · -1%MRVL2.0% · -14%AMD1.9% · -24%USB1.9% · -0%CMI1.8% · -6%URI1.8% · +2%AMAT1.7% · -9%PWR1.7% · -10%LOW1.7% · +2%IQV1.6% · +14%GOOG1.6% · -4%IBM1.5% · +11%COST1.4% · -1%LH1.4% · +11%PRU1.3% · +5%WSM1.3% · +1%J1.3% · +11%BX1.2% · +13%CLF1.2% · +2%BSJS1.2% · +2%ETN1.1% · -2%ABT1.1% · +10%IVV1.1% · -2%BSJR1.1% · -0%PDBC1.1% · newBSCS1.1% · +11%DHR1.0% · +7%LLY1.0% · +2%BSJU1.0% · +10%LHX1.0% · +0%JNJ0.9% · +0%BSCR0.9% · +8%BSCT0.9% · +6%CSCO0.9% · -9%UBER0.9% · +19%HASI0.8% · -2%KLAC0.8% · +900%DCI0.8% · -1%XYL0.8% · +13%GEV0.8% · -7%KMB0.7% · +31%TTEK0.7% · +20%BSCU0.7% · +14%KMI0.7% · -0%ABBV0.7% · -2%GLW0.7% · -16%WY0.7% · -5%GE0.6% · -2%AWK0.6% · +5%

Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.

Sector mix

% of 13F value

Sectors from each company's SIC code; funds and ETFs grouped separately.

Biggest buys and sells

Q1 26 → Q2 26

Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.

13F assets and positions

3 quarters

Total reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.

Top positions over time

reported value

The eight largest current positions, valued at each quarter end.

Concentration

top 10 = 29.3%

Cumulative share of the portfolio held in the largest N positions.

Firm Profile & Key People

As of the firm’s regulatory filing dated Dec 3, 2025.

Assets Under Management
$748.4M
Discretionary
$728.3M
Employees
14
Accounts
902
Address
801 S. FIGUEROA STREET
SUITE 610
LOS ANGELES, CA 90017
Phone
(213) 612-0220
Website
Name Title / Status Ownership Type
BOHLEN, CHARLES, EUSTIS ControlVICE PRESIDENT, CO-CHIEF INVESTMENT OFFICER
since Sep 2007
Less than 5%Individual
GIAUQUE, GREGORY, CANNON ControlDIRECTOR
since Sep 2024
Less than 5%Individual
KMETT FAMILY TRUST DATED 12/14/2018 ControlDIRECT OWNER
since Dec 2018
25–50%Domestic Entity
KMETT, JON, MICHAEL ControlPRESIDENT, DIRECTOR & CFO
since Sep 2007
25–50%Individual
MCCASLAND, TERI, MAY ControlVP, & DIRECTOR
since Sep 2007
Less than 5%Individual
MOYLAN, JAMES, THOMAS ControlVICE PRESIDENT/CO-CHIEF INVESTMENT OFFICER
since Dec 2020
25–50%Individual
ARNOLD, DONNA, SALINASCHIEF COMPLIANCE OFFICER
since Sep 2024
Less than 5%Individual
THE ALANA MOYLAN AND JAMES MOYLAN LIVING TRUST DATED 2/23/2012DIRECT OWNER
since Feb 2012
25–50%Domestic Entity
THE THOMSEN FAMILY TRUST DATED 9/27/2007DIRECT OWNER
since Sep 2007
25–50%Domestic Entity
THOMSEN, DAVID, JOHNVP, DIRECTOR, BUSINESS DEVELOPMENT
since Sep 2007
25–50%Individual
KMETT, JON, MICHAEL Control
Indirect owner via KMETT FAMILY TRUST DATED 12/14/2018
TRUSTEE
since Dec 2018
50–75%Domestic Entity
MOYLAN, JAMES , THOMAS Control
Indirect owner via THE ALANA MOYLAN AND JAMES MOYLAN LIVING TRUST DATED 2/23/2012
TRUSTEE
since Feb 2012
25–50%Domestic Entity
THOMSEN, DAVID, JOHN Control
Indirect owner via THE THOMSEN FAMILY TRUST DATED 9/27/2007
TRUSTEE
since Sep 2007
25–50%Domestic Entity
Ownership & leadership changes · 11 filings with changes since Dec 2, 2011

From the firm’s regulatory filings, newest first. Dates are filing dates: a filing that no longer lists someone does not say when they left.

Jan 10, 2025 filing
  • AddedGIAUQUE, GREGORY, CANNON · DIRECTOR · Less than 5% · control person
  • AddedKMETT, JON, MICHAEL · TRUSTEE · 50–75% · indirect via KMETT FAMILY TRUST DATED 12/14/2018 · control person
  • AddedMOYLAN, JAMES , THOMAS · TRUSTEE · 25–50% · indirect via THE ALANA MOYLAN AND JAMES MOYLAN LIVING TRUST DATED 2/23/2012 · control person
  • AddedTHOMSEN, DAVID, JOHN · TRUSTEE · 25–50% · indirect via THE THOMSEN FAMILY TRUST DATED 9/27/2007 · control person
Dec 12, 2024 filing
  • AddedARNOLD, DONNA, SALINAS · CHIEF COMPLIANCE OFFICER · Less than 5%
  • ChangedKMETT, JON, MICHAEL · ownership 50–75% → 25–50%
  • ChangedMCCASLAND, TERI, MAY · title VP, DIRECTOR & CHIEF COMPLIANCE OFFICER → VP, & DIRECTOR
Nov 29, 2023 filing
  • Listed againBOHLEN, CHARLES, EUSTIS · VICE PRESIDENT, CO-CHIEF INVESTMENT OFFICER · Less than 5% · control person
  • ChangedKMETT, JON, MICHAEL · ownership 25–50% → 50–75%
  • ChangedMCCASLAND, TERI, MAY · ownership 5–10% → Less than 5%
  • ChangedMOYLAN, JAMES, THOMAS · now a control person
Dec 22, 2022 filing
  • ChangedTHE ALANA MOYLAN AND JAMES MOYLAN LIVING TRUST DATED 2/23/2012 · ownership 10–25% → 25–50%
  • ChangedTHE THOMSEN FAMILY TRUST DATED 9/27/2007 · ownership 10–25% → 25–50%
Nov 29, 2021 filing
  • ChangedMCCASLAND, TERI, MAY · ownership 10–25% → 5–10%
  • ChangedMOYLAN, JAMES, THOMAS · ownership 10–25% → 25–50%
  • ChangedTHOMSEN, DAVID, JOHN · ownership 10–25% → 25–50%
Feb 23, 2021 filing
  • AddedKMETT FAMILY TRUST DATED 12/14/2018 · DIRECT OWNER · 25–50% · control person
  • AddedTHE ALANA MOYLAN AND JAMES MOYLAN LIVING TRUST DATED 2/23/2012 · DIRECT OWNER · 10–25%
  • AddedTHE THOMSEN FAMILY TRUST DATED 9/27/2007 · DIRECT OWNER · 10–25%
Dec 23, 2020 filing
  • No longer listedBOHLEN, CHARLES, EUSTIS · VP, DIRECTOR & CIO · 10–25% · control person · listed since Sep 2007
  • ChangedMOYLAN, JAMES, THOMAS · title VP, DIRECTOR, PORTFOLIO MANAGEMENT & RESEARCH → VICE PRESIDENT/CO-CHIEF INVESTMENT OFFICER
Dec 12, 2017 filing
  • ChangedBOHLEN, CHARLES, EUSTIS · title VP, DIRECTOR → VP, DIRECTOR & CIO
  • ChangedMOYLAN, JAMES, THOMAS · title DIRECTOR → VP, DIRECTOR, PORTFOLIO MANAGEMENT & RESEARCH
  • ChangedTHOMSEN, DAVID, JOHN · title DIRECTOR → VP, DIRECTOR, BUSINESS DEVELOPMENT
Mar 31, 2016 filing
  • No longer listedTERNAN, EDWARD, JAMES · DIRECTOR · 5–10% · control person · listed since Sep 2007
  • ChangedMOYLAN, JAMES, THOMAS · ownership 5–10% → 10–25%
Dec 9, 2015 filing
  • No longer listedEDWARDS, FRED, MAX · VICE CHAIRMAN · 5–10% · listed since Sep 2007
  • No longer listedFISHER, EARL, WEBSTER · CHAIRMAN · 5–10% · listed since Sep 2007
Older changes (2 more filings)
Nov 20, 2014 filing
  • ChangedBOHLEN, CHARLES, EUSTIS · ownership 5–10% → 10–25%
  • ChangedEDWARDS, FRED, MAX · ownership 10–25% → 5–10%
  • ChangedFISHER, EARL, WEBSTER · ownership 10–25% → 5–10%
  • ChangedMOYLAN, JAMES, THOMAS · ownership Less than 5% → 5–10%
  • ChangedTHOMSEN, DAVID, JOHN · ownership Less than 5% → 10–25%
Dec 2, 2011 filing (earliest on record)
  • ListedBOHLEN, CHARLES, EUSTIS · VP, DIRECTOR · 5–10% · control person
  • ListedEDWARDS, FRED, MAX · VICE CHAIRMAN · 10–25%
  • ListedFISHER, EARL, WEBSTER · CHAIRMAN · 10–25%
  • ListedKMETT, JON, MICHAEL · PRESIDENT, DIRECTOR & CFO · 25–50% · control person
  • ListedMCCASLAND, TERI, MAY · VP, DIRECTOR & CHIEF COMPLIANCE OFFICER · 10–25% · control person
  • ListedMOYLAN, JAMES, THOMAS · DIRECTOR · Less than 5%
  • ListedTERNAN, EDWARD, JAMES · DIRECTOR · 5–10% · control person
  • ListedTHOMSEN, DAVID, JOHN · DIRECTOR · Less than 5%

Quarter-over-quarter changes

Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.

SFE Investment Counsel Holdings (2026-06-30)

Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).

# Issuer Symbol CUSIP Value Weight Shares Type
1 NVIDIA CORPORATION NVDA 67066G104 $27.8M 3.75% 138,995 SH
2 PALO ALTO NETWORKS INC PANW 697435105 $27.5M 3.70% 80,533 SH
3 APPLE INC AAPL 037833100 $24.9M 3.36% 86,015 SH
4 MICROSOFT CORP MSFT 594918104 $21.7M 2.93% 58,178 SH
5 BROADCOM INC AVGO 11135F101 $21.5M 2.90% 56,951 SH
6 JPMORGAN CHASE & CO JPM 46625H100 $19.4M 2.61% 59,236 SH
7 AMAZON COM INC AMZN 023135106 $19.4M 2.61% 81,327 SH
8 ONEOK INC NEW OKE 682680103 $17.8M 2.40% 204,610 SH
9 QUALCOMM INC QCOM 747525103 $17.0M 2.30% 92,200 SH
10 ALPHABET INC GOOGL 02079K305 $15.6M 2.10% 43,607 SH
11 NEXTERA ENERGY INC NEE 65339F101 $15.4M 2.07% 174,989 SH
12 FIRST SOLAR INC FSLR 336433107 $14.8M 2.00% 62,790 SH
13 MARVELL TECHNOLOGY INC MRVL 573874104 $14.6M 1.96% 48,888 SH
14 ADVANCED MICRO DEVICES INC AMD 007903107 $13.8M 1.86% 23,759 SH
15 US BANCORP USB 902973304 $13.5M 1.82% 223,299 SH
16 CUMMINS INC CMI 231021106 $13.0M 1.75% 18,235 SH
17 UNITED RENTALS INC URI 911363109 $12.8M 1.72% 11,268 SH
18 APPLIED MATLS INC AMAT 038222105 $12.6M 1.70% 17,438 SH
19 QUANTA SVCS INC PWR 74762E102 $12.4M 1.68% 17,252 SH
20 LOWES COS INC LOW 548661107 $12.3M 1.66% 55,726 SH
21 IQVIA HLDGS INC IQV 46266C105 $11.4M 1.54% 59,043 SH
22 ALPHABET INC GOOG 02079K107 $11.4M 1.54% 32,233 SH
23 INTERNATIONAL BUSINESS MACHS IBM 459200101 $10.9M 1.47% 38,650 SH
24 COSTCO WHOLESALE CORPORATION COST 22160K105 $10.4M 1.40% 11,067 SH
25 LABCORP HOLDINGS INC LH 504922105 $10.2M 1.38% 36,478 SH
26 PRUDENTIAL FINL INC PRU 744320102 $9.7M 1.31% 90,299 SH
27 WILLIAMS SONOMA INC WSM 969904101 $9.6M 1.30% 41,393 SH
28 JACOBS SOLUTIONS INC J 46982L108 $9.5M 1.28% 75,087 SH
29 BLACKSTONE INC BX 09260D107 $8.9M 1.20% 75,588 SH
30 CLEVELAND-CLIFFS INC NEW CLF 185899101 $8.6M 1.15% 911,796 SH
31 INVESCO EXCH TRD SLF IDX FD BSJS 46138J452 $8.5M 1.15% 390,757 SH
32 EATON CORP PLC ETN G29183103 $8.3M 1.13% 19,589 SH
33 ABBOTT LABORATORIES ABT 002824100 $8.2M 1.10% 90,251 SH
34 ISHARES TR IVV 464287200 $8.1M 1.10% 10,876 SH
35 INVESCO EXCH TRD SLF IDX FD BSJR 46138J585 $8.0M 1.08% 358,973 SH
36 INVESCO EXCH TRD SLF IDX FD BSJT 46138J395 $8.0M 1.08% 378,154 SH
37 INVESCO EXCH TRD SLF IDX FD BSCS 46138J643 $7.7M 1.04% 378,645 SH
38 DANAHER CORP DEL DHR 235851102 $7.4M 0.99% 38,721 SH
39 ELI LILLY & CO LLY 532457108 $7.2M 0.97% 5,971 SH
40 INVESCO EXCH TRD SLF IDX FD BSJU 46139W841 $7.1M 0.96% 274,568 SH
41 L3HARRIS TECHNOLOGIES INC LHX 502431109 $6.9M 0.93% 23,782 SH
42 JOHNSON & JOHNSON JNJ 478160104 $6.8M 0.91% 26,617 SH
43 INVESCO EXCH TRD SLF IDX FD BSCR 46138J783 $6.6M 0.89% 337,330 SH
44 INVESCO EXCH TRD SLF IDX FD BSCT 46138J577 $6.4M 0.86% 344,227 SH
45 CISCO SYS INC CSCO 17275R102 $6.3M 0.85% 53,581 SH
46 UBER TECHNOLOGIES INC UBER 90353T100 $6.3M 0.85% 87,107 SH
47 CRISPR THERAPEUTICS AG Put CRSP H17182108 $6.2M 0.84% 16,700 SH
48 HA SUSTAINABLE INFRA CAP INC HASI 41068X100 $6.0M 0.81% 154,759 SH
49 KLA CORP KLAC 482480100 $6.0M 0.81% 20,000 SH
50 KLA CORP Put KLAC 482480100 $6.0M 0.81% 20,000 SH
Filing History
Period Filed AUM Holdings Accession
2026-06-30 2026-08-05 $741.5M 152 0001317784-26-000003
2026-03-31 2026-05-01 $634.7M 143 0001317784-26-000002
2025-12-31 2026-02-05 $652.9M 146 0001317784-26-000001
Filer Information
Address
801 SOUTH FIGUEROA STREET
SUITE 610
LOS ANGELES, CA 90017
Phone
(213) 612-0220
Filing Manager
SFE Investment Counsel
LOS ANGELES, CA
Signatory
Gerardo Martinez
Regulatory Consultant