SFE Investment Counsel
LOS ANGELES, CA
$726m in 149 US stocks at the end of 30 June 2026. The top 10 are 29.3% of the money. It changed about 8.8% of the portfolio this quarter.
Value
$726m
Stocks
149
Top 10 share
29.3%
Turnover
8.8%
What changed this quarter
New
Bought for the first time this quarter.
- Honeywell AerospaceHONA0.4% of the fund
- Honeywell InternationalHON0.4% of the fund
- ChewyCHWY0.3% of the fund
- FedEx Freight Holding CompanyFDXF0.1% of the fund
- Fervo EnergyFRVO<0.1% of the fund
- Invesco Exch TRD SLF IDX FDBSJW<0.1% of the fund
- Invesco Exch TRD SLF IDX FDBSCW<0.1% of the fund
- Texas InstrumentsTXN<0.1% of the fund
- Space Exploration TechnologiesSPCX<0.1% of the fund
- Capital Group GBL Growth EQTCGGO<0.1% of the fund
- HexcelHXL<0.1% of the fund
- CaterpillarCAT<0.1% of the fund
- Bank of AmericaBAC<0.1% of the fund
- BrookfieldBN<0.1% of the fund
- Home DepotHD<0.1% of the fund
Added
Bought more of a stock they already held.
- Amazon.comAMZN2.7% of the fund+2%
- United RentalsURI1.8% of the fund+2%
- Lowe's CompaniesLOW1.7% of the fund+2%
- Iqvia HoldingsIQV1.6% of the fund+14%
- International Business MachinesIBM1.5% of the fund+11%
- Labcorp HoldingsLH1.4% of the fund+11%
- Prudential FinancialPRU1.3% of the fund+5%
- Jacobs SolutionsJ1.3% of the fund+11%
- BlackstoneBX1.2% of the fund+13%
- Abbott LaboratoriesABT1.1% of the fund+10%
- Invesco Exch TRD SLF IDX FDBSJT1.1% of the fund+3%
- Invesco Exch TRD SLF IDX FDBSCS1.1% of the fund+11%
- DanaherDHR1.0% of the fund+7%
- Eli LillyLLY1.0% of the fund+2%
- Invesco Exch TRD SLF IDX FDBSJU1.0% of the fund+10%
- Invesco Exch TRD SLF IDX FDBSCR0.9% of the fund+8%
- Invesco Exch TRD SLF IDX FDBSCT0.9% of the fund+6%
- Uber TechnologiesUBER0.9% of the fund+19%
- XylemXYL0.8% of the fund+13%
- Kimberly-ClarkKMB0.7% of the fund+31%
- Tetra TechTTEK0.7% of the fund+20%
- Invesco Exch TRD SLF IDX FDBSCU0.7% of the fund+14%
- American Water Works CompanyAWK0.6% of the fund+5%
- ServiceNowNOW0.4% of the fund+17%
- Invesco Exch TRD SLF IDX FDBSJV0.4% of the fund+25%
Cut
Sold some of their stake.
- Palo Alto NetworksPANW3.8% of the fund-5%
- QualcommQCOM2.3% of the fund-9%
- AlphabetGOOGL2.1% of the fund-4%
- Marvell TechnologyMRVL2.0% of the fund-14%
- Advanced Micro DevicesAMD1.9% of the fund-24%
- CumminsCMI1.8% of the fund-6%
- Applied MaterialsAMAT1.7% of the fund-9%
- Quanta ServicesPWR1.7% of the fund-10%
- AlphabetGOOG1.6% of the fund-4%
- EatonETN1.1% of the fund-2%
- Ishares TRIVV1.1% of the fund-2%
- Cisco SystemsCSCO0.9% of the fund-9%
- HA Sustainable Infrastructure CapitalHASI0.8% of the fund-2%
- GE VernovaGEV0.8% of the fund-7%
- CorningGLW0.7% of the fund-16%
- WeyerhaeuserWY0.7% of the fund-5%
- Invesco Exch TRD SLF IDX FDBSJQ0.5% of the fund-38%
- FedExFDX0.5% of the fund-6%
- Invesco Exch TRD SLF IDX FDBSCQ0.4% of the fund-15%
- Expedia GroupEXPE0.3% of the fund-29%
- Brookfield Renewable EnergyBEP0.3% of the fund-3%
- SalesforceCRM0.3% of the fund-9%
- Roper TechnologiesROP0.3% of the fund-43%
- J P Morgan Exchange Traded FJEPI0.3% of the fund-6%
- Darden RestaurantsDRI0.2% of the fund-2%
Sold out
Sold their entire stake.
- Honeywell InternationalHON-100%
- FiservFISV-100%
- WorkdayWDAY-100%
- CME GroupCME-100%
- Ishares TRIEF-100%
- ExxonMobil HoldingsXOM-100%
Holdings
- Invesco Exch TRD SLF IDX FDBSJS
- Share
- 1.2%
- Value
- $8m
- Shares
- 390,757
Held
- Ishares TRIVV
- Share
- 1.1%
- Value
- $8m
- Shares
- 10,876
-2%
- Invesco Exch TRD SLF IDX FDBSJR
- Share
- 1.1%
- Value
- $8m
- Shares
- 358,973
Held
- Invesco Exch TRD SLF IDX FDBSJT
- Share
- 1.1%
- Value
- $8m
- Shares
- 378,154
+3%
- Invesco Exch TRD SLF IDX FDBSCS
- Share
- 1.1%
- Value
- $8m
- Shares
- 378,645
+11%
- Invesco Exch TRD SLF IDX FDBSJU
- Share
- 1.0%
- Value
- $7m
- Shares
- 274,568
+10%
- Invesco Exch TRD SLF IDX FDBSCR
- Share
- 0.9%
- Value
- $7m
- Shares
- 337,330
+8%
- Invesco Exch TRD SLF IDX FDBSCT
- Share
- 0.9%
- Value
- $6m
- Shares
- 344,227
+6%
- HA Sustainable Infrastructure CapitalHASI
- Share
- 0.8%
- Value
- $6m
- Shares
- 154,759
-2%
- Invesco Exch TRD SLF IDX FDBSCU
- Share
- 0.7%
- Value
- $5m
- Shares
- 293,165
+14%
- Invesco Exch TRD SLF IDX FDBSJQ
- Share
- 0.5%
- Value
- $4m
- Shares
- 166,621
-38%
- Invesco Exch TRD SLF IDX FDBSJV
- Share
- 0.4%
- Value
- $3m
- Shares
- 114,822
+25%
- Honeywell AerospaceHONA
- Share
- 0.4%
- Value
- $3m
- Shares
- 13,482
New
- Invesco Exch TRD SLF IDX FDBSCQ
- Share
- 0.4%
- Value
- $3m
- Shares
- 150,867
-15%
- Invesco Exch TRD SLF IDX FDBSCV
- Share
- 0.3%
- Value
- $2m
- Shares
- 145,019
+14%
- Brookfield Renewable EnergyBEP
- Share
- 0.3%
- Value
- $2m
- Shares
- 64,135
-3%
- J P Morgan Exchange Traded FJEPI
- Share
- 0.3%
- Value
- $2m
- Shares
- 33,076
-6%
- Invesco Exch Traded FD TR IIEQAL
- Share
- 0.2%
- Value
- $2m
- Shares
- 26,829
Held
- Invesco Exchange Traded FD TRSPT
- Share
- 0.1%
- Value
- $893,468
- Shares
- 13,852
-3%
- Ishares Gold TRIAU
- Share
- <0.1%
- Value
- $688,953
- Shares
- 9,124
Held
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| NvidiaNVDA | 3.8% | $28m | 138,995 | Held |
| Palo Alto NetworksPANW | 3.8% | $27m | 80,533 | -5% |
| AppleAAPL | 3.4% | $25m | 86,015 | Held |
| MicrosoftMSFT | 3.0% | $22m | 58,178 | Held |
| BroadcomAVGO | 3.0% | $22m | 56,951 | Held |
| JPMorgan ChaseJPM | 2.7% | $19m | 59,236 | Held |
| Amazon.comAMZN | 2.7% | $19m | 81,327 | +2% |
| OneokOKE | 2.4% | $18m | 204,610 | Held |
| QualcommQCOM | 2.3% | $17m | 92,200 | -9% |
| AlphabetGOOGL | 2.1% | $16m | 43,607 | -4% |
| NextEra EnergyNEE | 2.1% | $15m | 174,989 | Held |
| First SolarFSLR | 2.0% | $15m | 62,790 | Held |
| Marvell TechnologyMRVL | 2.0% | $15m | 48,888 | -14% |
| Advanced Micro DevicesAMD | 1.9% | $14m | 23,759 | -24% |
| US BancorpUSB | 1.9% | $13m | 223,299 | Held |
| CumminsCMI | 1.8% | $13m | 18,235 | -6% |
| United RentalsURI | 1.8% | $13m | 11,268 | +2% |
| Applied MaterialsAMAT | 1.7% | $13m | 17,438 | -9% |
| Quanta ServicesPWR | 1.7% | $12m | 17,252 | -10% |
| Lowe's CompaniesLOW | 1.7% | $12m | 55,726 | +2% |
| Iqvia HoldingsIQV | 1.6% | $11m | 59,043 | +14% |
| AlphabetGOOG | 1.6% | $11m | 32,233 | -4% |
| International Business MachinesIBM | 1.5% | $11m | 38,650 | +11% |
| Costco WholesaleCOST | 1.4% | $10m | 11,067 | Held |
| Labcorp HoldingsLH | 1.4% | $10m | 36,478 | +11% |
| Prudential FinancialPRU | 1.3% | $10m | 90,299 | +5% |
| Williams SonomaWSM | 1.3% | $10m | 41,393 | Held |
| Jacobs SolutionsJ | 1.3% | $9m | 75,087 | +11% |
| BlackstoneBX | 1.2% | $9m | 75,588 | +13% |
| Cleveland-CliffsCLF | 1.2% | $9m | 911,796 | Held |
| Invesco Exch TRD SLF IDX FDBSJS | 1.2% | $8m | 390,757 | Held |
| EatonETN | 1.1% | $8m | 19,589 | -2% |
| Abbott LaboratoriesABT | 1.1% | $8m | 90,251 | +10% |
| Ishares TRIVV | 1.1% | $8m | 10,876 | -2% |
| Invesco Exch TRD SLF IDX FDBSJR | 1.1% | $8m | 358,973 | Held |
| Invesco Exch TRD SLF IDX FDBSJT | 1.1% | $8m | 378,154 | +3% |
| Invesco Exch TRD SLF IDX FDBSCS | 1.1% | $8m | 378,645 | +11% |
| DanaherDHR | 1.0% | $7m | 38,721 | +7% |
| Eli LillyLLY | 1.0% | $7m | 5,971 | +2% |
| Invesco Exch TRD SLF IDX FDBSJU | 1.0% | $7m | 274,568 | +10% |
| L3harris TechnologiesLHX | 1.0% | $7m | 23,782 | Held |
| Johnson & JohnsonJNJ | 0.9% | $7m | 26,617 | Held |
| Invesco Exch TRD SLF IDX FDBSCR | 0.9% | $7m | 337,330 | +8% |
| Invesco Exch TRD SLF IDX FDBSCT | 0.9% | $6m | 344,227 | +6% |
| Cisco SystemsCSCO | 0.9% | $6m | 53,581 | -9% |
| Uber TechnologiesUBER | 0.9% | $6m | 87,107 | +19% |
| HA Sustainable Infrastructure CapitalHASI | 0.8% | $6m | 154,759 | -2% |
| KLAKLAC | 0.8% | $6m | 20,000 | Held |
| DonaldsonDCI | 0.8% | $6m | 64,958 | Held |
| XylemXYL | 0.8% | $6m | 48,837 | +13% |
| GE VernovaGEV | 0.8% | $5m | 4,675 | -7% |
| Kimberly-ClarkKMB | 0.7% | $5m | 48,065 | +31% |
| Tetra TechTTEK | 0.7% | $5m | 176,857 | +20% |
| Invesco Exch TRD SLF IDX FDBSCU | 0.7% | $5m | 293,165 | +14% |
| Kinder MorganKMI | 0.7% | $5m | 151,400 | Held |
| AbbVieABBV | 0.7% | $5m | 19,074 | Held |
| CorningGLW | 0.7% | $5m | 18,709 | -16% |
| WeyerhaeuserWY | 0.7% | $5m | 198,239 | -5% |
| General ElectricGE | 0.6% | $4m | 12,002 | Held |
| American Water Works CompanyAWK | 0.6% | $4m | 33,775 | +5% |
| Invesco Exch TRD SLF IDX FDBSJQ | 0.5% | $4m | 166,621 | -38% |
| FedExFDX | 0.5% | $3m | 10,503 | -6% |
| ServiceNowNOW | 0.4% | $3m | 31,595 | +17% |
| Invesco Exch TRD SLF IDX FDBSJV | 0.4% | $3m | 114,822 | +25% |
| Honeywell AerospaceHONA | 0.4% | $3m | 13,482 | New |
| PfizerPFE | 0.4% | $3m | 122,530 | +34% |
| Invesco Exch TRD SLF IDX FDBSCQ | 0.4% | $3m | 150,867 | -15% |
| Honeywell InternationalHON | 0.4% | $3m | 12,704 | New |
| Becton DickinsonBDX | 0.4% | $3m | 17,614 | +3% |
| ChevronCVX | 0.4% | $3m | 15,597 | +3% |
| ChewyCHWY | 0.3% | $2m | 124,588 | New |
| Pinnacle West CapitalPNW | 0.3% | $2m | 22,585 | Held |
| Invesco Exch TRD SLF IDX FDBSCV | 0.3% | $2m | 145,019 | +14% |
| Expedia GroupEXPE | 0.3% | $2m | 8,861 | -29% |
| Berkshire HathawayBRK-B | 0.3% | $2m | 4,463 | Held |
| Brookfield Renewable EnergyBEP | 0.3% | $2m | 64,135 | -3% |
| SalesforceCRM | 0.3% | $2m | 13,353 | -9% |
| Roper TechnologiesROP | 0.3% | $2m | 5,748 | -43% |
| J P Morgan Exchange Traded FJEPI | 0.3% | $2m | 33,076 | -6% |
| Invesco Exch Traded FD TR IIEQAL | 0.2% | $2m | 26,829 | Held |
| Circle Internet GroupCRCL | 0.2% | $1m | 22,635 | +19% |
| NetflixNFLX | 0.2% | $1m | 19,646 | +6% |
| East West BancorpEWBC | 0.2% | $1m | 10,610 | +3% |
| Darden RestaurantsDRI | 0.2% | $1m | 5,665 | -2% |
| Sherwin-WilliamsSHW | 0.2% | $1m | 3,378 | +3% |
| Clean HarborsCLH | 0.2% | $1m | 3,675 | Held |
| TennantTNC | 0.1% | $1m | 12,175 | -8% |
| Ford MotorF | 0.1% | $1m | 76,210 | -5% |
| Edison InternationalEIX | 0.1% | $1m | 14,120 | -5% |
| Emerson ElectricEMR | 0.1% | $1m | 7,324 | +4% |
| Vertiv HoldingsVRT | 0.1% | $1m | 3,039 | Held |
| Intuitive SurgicalISRG | 0.1% | $958,011 | 2,409 | +339% |
| Invesco Exchange Traded FD TRSPT | 0.1% | $893,468 | 13,852 | -3% |
| CRISPR Therapeutics AGCRSP | 0.1% | $892,547 | 16,365 | +16% |
| LimoneiraLMNR | 0.1% | $787,931 | 60,010 | Held |
| FedEx Freight Holding CompanyFDXF | 0.1% | $786,408 | 5,208 | New |
| AT&TT | 0.1% | $752,424 | 36,349 | -18% |
| AstrazenecaAZN | <0.1% | $725,486 | 3,826 | Held |
| Bristol-Myers SquibbBMY | <0.1% | $703,655 | 12,212 | Held |
| Ishares Gold TRIAU | <0.1% | $688,953 | 9,124 | Held |
Showing the largest 100 of 149.
Options (3)
- CRISPR Therapeutics AGCRSP
- Type
- Put
- Value
- $6m
- Contracts
- 16,700
- KLAKLAC
- Type
- Put
- Value
- $6m
- Contracts
- 20,000
- AstrazenecaAZN
- Type
- Put
- Value
- $3m
- Contracts
- 4,000
| Company | Type | Value | Contracts |
|---|---|---|---|
| CRISPR Therapeutics AGCRSP | Put | $6m | 16,700 |
| KLAKLAC | Put | $6m | 20,000 |
| AstrazenecaAZN | Put | $3m | 4,000 |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is up 27.9% since 30 June 2025.
Where the money is
Technology32.3%
Industrials15.4%
Health care9.0%
Financial services8.7%
Retail & consumer6.9%
Media & telecom4.1%
Energy3.5%
Utilities3.3%
Everyday goods2.4%
Materials1.3%
Real estate0.7%
Other12.5%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.