SFE Investment Counsel — 13F Holdings & Portfolio
CIK 1317784 · latest 13F-HR filed 2026-05-01
SFE Investment Counsel manages $634.7M in 13F-reported U.S. long-equity assets across 143 reported positions as of its 2026-03-31 13F-HR filing. Its largest disclosed positions are NVDA (3.75%), AAPL (3.47%), MSFT (3.34%). Quarter over quarter (versus its 2025-12-31 filing) the fund opened 7 new positions, exited 10, added to 51, and trimmed 55.
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.
$634.7M
Long-equity book
143
Distinct positions
2026-03-31
Filed 2026-05-01
+7 / −10 / ↑51 / ↓55
vs 2025-12-31
| Name | Title / Status | Ownership | Type |
|---|
Top Adds (vs prior quarter)
- ONEOK INC NEW$3.3M +22.1%
- QUANTA SVCS INC$3.2M +43.6%
- MARVELL TECHNOLOGY INC$3.1M +120.1%
- EATON CORP PLC$2.1M +41.9%
- KIMBERLY-CLARK CORP$1.9M +114.8%
Top Trims
- MICROSOFT CORP-$5.4M -20.3%
- CLEVELAND-CLIFFS INC NEW-$4.5M -37.2%
- FIRST SOLAR INC-$4.2M -25.4%
- EXPEDIA GROUP INC-$4.1M -58.7%
- QUALCOMM INC-$3.4M -20.9%
New Positions
- SERVICENOW INC$2.8M
- CIRCLE INTERNET GROUP INC$1.8M
- ASTRAZENECA PLC$754.6K
- WATERS CORP$569.7K
- MERCADOLIBRE INC$363.1K
Exited Positions
- ASTRAZENECA PLC$559.4K
- WISDOMTREE TR$385.3K
- VANGUARD BD INDEX FDS$324.6K
- ISHARES TR$243.3K
- VISA INC$240.1K
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 | $23.8M | 3.75% | 136,385 | SH |
| 2 | APPLE INC | AAPL | 037833100 | $22.0M | 3.47% | 86,876 | SH |
| 3 | MICROSOFT CORP | MSFT | 594918104 | $21.2M | 3.34% | 57,256 | SH |
| 4 | ONEOK INC NEW | OKE | 682680103 | $18.5M | 2.92% | 204,984 | SH |
| 5 | BROADCOM INC | AVGO | 11135F101 | $17.9M | 2.83% | 57,940 | SH |
| 6 | JPMORGAN CHASE & CO | JPM | 46625H100 | $17.5M | 2.76% | 59,557 | SH |
| 7 | AMAZON COM INC | AMZN | 023135106 | $16.6M | 2.61% | 79,642 | SH |
| 8 | NEXTERA ENERGY INC | NEE | 65339F101 | $16.2M | 2.56% | 174,906 | SH |
| 9 | PALO ALTO NETWORKS INC | PANW | 697435105 | $13.6M | 2.14% | 84,546 | SH |
| 10 | ALPHABET INC | GOOGL | 02079K305 | $13.1M | 2.07% | 45,600 | SH |
| 11 | QUALCOMM INC | QCOM | 747525103 | $13.0M | 2.05% | 100,982 | SH |
| 12 | LOWES COS INC | LOW | 548661107 | $12.9M | 2.03% | 54,553 | SH |
| 13 | FIRST SOLAR INC | FSLR | 336433107 | $12.5M | 1.97% | 63,292 | SH |
| 14 | US BANCORP | USB | 902973304 | $11.6M | 1.83% | 223,650 | SH |
| 15 | COSTCO WHOLESALE CORPORATION | COST | 22160K105 | $11.1M | 1.75% | 11,177 | SH |
| 16 | QUANTA SVCS INC | PWR | 74762E102 | $10.5M | 1.66% | 19,184 | SH |
| 17 | CUMMINS INC | CMI | 231021106 | $10.4M | 1.64% | 19,353 | SH |
| 18 | ALPHABET INC | GOOG | 02079K107 | $9.6M | 1.51% | 33,492 | SH |
| 19 | IQVIA HLDGS INC | IQV | 46266C105 | $8.9M | 1.40% | 51,922 | SH |
| 20 | LABCORP HOLDINGS INC | LH | 504922105 | $8.8M | 1.38% | 32,924 | SH |
| 21 | JACOBS SOLUTIONS INC | J | 46982L108 | $8.6M | 1.36% | 67,647 | SH |
| 22 | INTERNATIONAL BUSINESS MACHS | IBM | 459200101 | $8.4M | 1.32% | 34,693 | SH |
| 23 | ABBOTT LABORATORIES | ABT | 002824100 | $8.4M | 1.32% | 81,738 | SH |
| 24 | PRUDENTIAL FINL INC | PRU | 744320102 | $8.4M | 1.32% | 85,685 | SH |
| 25 | INVESCO EXCH TRD SLF IDX FD | BSJS | 46138J452 | $8.3M | 1.31% | 384,000 | SH |
| 26 | L3HARRIS TECHNOLOGIES INC | LHX | 502431109 | $8.2M | 1.29% | 23,672 | SH |
| 27 | INVESCO EXCH TRD SLF IDX FD | BSJR | 46138J585 | $8.1M | 1.27% | 360,230 | SH |
| 28 | UNITED RENTALS INC | URI | 911363109 | $8.0M | 1.26% | 11,013 | SH |
| 29 | INVESCO EXCH TRD SLF IDX FD | PDBC | 46138J395 | $7.7M | 1.21% | 366,124 | SH |
| 30 | BLACKSTONE INC | BX | 09260D107 | $7.7M | 1.21% | 66,700 | SH |
| 31 | CLEVELAND-CLIFFS INC NEW | CLF | 185899101 | $7.6M | 1.19% | 895,489 | SH |
| 32 | WILLIAMS SONOMA INC | WSM | 969904101 | $7.4M | 1.17% | 40,816 | SH |
| 33 | ISHARES TR | IVV | 464287200 | $7.3M | 1.14% | 11,114 | SH |
| 34 | EATON CORP PLC | ETN | G29183103 | $7.2M | 1.13% | 20,009 | SH |
| 35 | INVESCO EXCH TRD SLF IDX FD | BSCS | 46138J643 | $7.0M | 1.10% | 340,798 | SH |
| 36 | DANAHER CORP DEL | DHR | 235851102 | $6.8M | 1.08% | 36,120 | SH |
| 37 | APPLIED MATLS INC | AMAT | 038222105 | $6.6M | 1.04% | 19,257 | SH |
| 38 | JOHNSON & JOHNSON | JNJ | 478160104 | $6.5M | 1.02% | 26,557 | SH |
| 39 | INVESCO EXCH TRD SLF IDX FD | BSJU | 46139W841 | $6.4M | 1.01% | 250,489 | SH |
| 40 | ADVANCED MICRO DEVICES INC | AMD | 007903107 | $6.3M | 1.00% | 31,138 | SH |
| 41 | INVESCO EXCH TRD SLF IDX FD | BSJQ | 46138J635 | $6.2M | 0.98% | 267,933 | SH |
| 42 | CHEVRON CORPORATION Put | CVX | 166764100 | $6.2M | 0.97% | 16,700 | SH |
| 43 | INVESCO EXCH TRD SLF IDX FD | BSCR | 46138J783 | $6.1M | 0.96% | 311,240 | SH |
| 44 | INVESCO EXCH TRD SLF IDX FD | BSCT | 46138J577 | $6.1M | 0.95% | 324,359 | SH |
| 45 | HA SUSTAINABLE INFRA CAP INC | HASI | 41068X100 | $5.8M | 0.92% | 158,637 | SH |
| 46 | MARVELL TECHNOLOGY INC | MRVL | 573874104 | $5.6M | 0.89% | 56,859 | SH |
| 47 | DONALDSON INC | DCI | 257651109 | $5.6M | 0.88% | 65,783 | SH |
| 48 | HONEYWELL INTL INC | HON | 438516106 | $5.5M | 0.86% | 24,235 | SH |
| 49 | ELI LILLY & CO | LLY | 532457108 | $5.4M | 0.84% | 5,827 | SH |
| 50 | UBER TECHNOLOGIES INC | UBER | 90353T100 | $5.3M | 0.83% | 73,388 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-03-31 | 2026-05-01 | $634.7M | 143 | 0001317784-26-000002 |
| 2025-12-31 | 2026-02-05 | $652.9M | 146 | 0001317784-26-000001 |