SFE Investment Counsel

13F filer · CIK 0001317784

Reported Aug 5, 2026

Net seller this quarter

13F portfolio value$742MU.S. long equity reported on 13F

Positions1199 new · 4 closed

Net flow last quarter-$3.33MBuys minus sells

Top 10 positions weight28.7%Concentration

Holdings

13F · last 4 quarters free

Scroll for earlier quarters

Company	Value	% of portfolio	% of company	POSITION CHANGE qoq %	First reported
Q2 2026Reported Aug 5, 2026119 positions
NVDANvidia Corp	$27.8M	3.75%	0.00%	+1.9%	Q1 2018
PANWPalo Alto Networks Inc	$27.5M	3.70%	0.01%	-4.8%	Q1 2015
AAPLApple Inc.	$24.9M	3.36%	0.00%	-1.0%	Q2 2013
MSFTMicrosoft Corp	$21.7M	2.93%	0.00%	+1.6%	Q2 2013
AVGOBroadcom Inc.	$21.5M	2.90%	0.00%	-1.7%	Q1 2021
JPMJPMorgan Chase & Co	$19.4M	2.61%	0.00%	-0.5%	Q2 2015
AMZNAmazon Com Inc	$19.4M	2.61%	0.00%	+2.1%	Q3 2017
OKEOneok Inc	$17.8M	2.40%	0.03%	-0.2%	Q2 2017
QCOMQualcomm Inc	$17M	2.30%	0.01%	-8.7%	Q2 2013
GOOGLAlphabet Inc.	$15.6M	2.10%	0.00%	-4.4%	Q4 2015
NEENextera Energy Inc	$15.4M	2.07%	0.01%	+0.1%	Q2 2013
FSLRFirst Solar, Inc.	$14.8M	2.00%	0.06%	-0.8%	Q3 2013
MRVLMarvell Technology, Inc.	$14.6M	1.96%	0.01%	-14.0%	Q3 2025
AMDAdvanced Micro Devices Inc	$13.8M	1.86%	0.00%	-23.7%	Q3 2022
USBUS Bancorp \de\	$13.5M	1.82%	0.01%	-0.2%	Q2 2013
CMICummins Inc	$13M	1.75%	0.01%	-5.8%	Q2 2013
URIUnited Rentals, Inc.	$12.8M	1.72%	0.02%	+2.3%	Q3 2023
AMATApplied Materials Inc	$12.6M	1.70%	0.00%	-9.5%	Q2 2014
PWRQuanta Services, Inc.	$12.4M	1.68%	0.01%	-10.1%	Q2 2021
LOWLowes Companies Inc	$12.3M	1.66%	0.01%	+2.2%	Q2 2013
IQVIqvia Holdings Inc.	$11.4M	1.54%	0.04%	+13.7%	Q1 2024
GOOGAlphabet Inc.	$11.4M	1.54%	Not reported	-3.8%	Q4 2015
IBMInternational Business Machines Corp	$10.9M	1.47%	0.00%	+11.4%	Q2 2013
COSTCostco Wholesale Corp	$10.4M	1.40%	0.00%	-1.0%	Q2 2013
LHLabcorp Holdings Inc.	$10.2M	1.38%	0.05%	+10.8%	Q2 2024
PRUPrudential Financial Inc	$9.75M	1.31%	0.03%	+5.4%	Q3 2021
WSMWilliams Sonoma Inc	$9.65M	1.30%	0.04%	+1.4%	Q1 2016
JJacobs Solutions Inc.	$9.46M	1.28%	0.06%	+11.0%	Q3 2022
BXBlackstone Inc.	$8.89M	1.20%	0.01%	+13.3%	Q3 2019
CLFCleveland-Cliffs Inc.	$8.56M	1.15%	0.16%	+1.8%	Q3 2017
ETNEaton Corp plc	$8.35M	1.13%	0.01%	-2.1%	Q2 2013
ABTAbbott Laboratories	$8.19M	1.10%	0.01%	+10.4%	Q2 2013
DHRDanaher Corp	$7.38M	0.99%	0.01%	+7.2%	Q3 2021
LLYELI LILLY & Co	$7.16M	0.97%	0.00%	+2.5%	Q1 2023
LHXL3harris Technologies, Inc.	$6.91M	0.93%	0.01%	+0.5%	Q4 2019
JNJJohnson & Johnson	$6.76M	0.91%	0.00%	+0.2%	Q2 2013
CSCOCisco Systems, Inc.	$6.29M	0.85%	0.00%	-9.0%	Q2 2013
UBERUber Technologies, Inc	$6.29M	0.85%	0.00%	+18.7%	Q1 2025
HASIHA Sustainable Infrastructure Capital, Inc.	$6.04M	0.82%	0.12%	-2.4%	Q4 2014
KLACKla Corp	$6.03M	0.81%	0.00%	Not reported	Q2 2025
DCIDONALDSON Co INC	$5.83M	0.79%	0.06%	-1.3%	Q2 2013
XYLXylem Inc.	$5.77M	0.78%	0.02%	+13.3%	Q3 2023
GEVGE Vernova Inc.	$5.49M	0.74%	0.00%	-6.6%	Q2 2024
KMBKimberly Clark Corp	$5.28M	0.71%	0.01%	+31.2%	Q4 2025
TTEKTetra Tech Inc	$5.11M	0.69%	0.07%	+20.0%	Q2 2013
KMIKinder Morgan, Inc.	$4.84M	0.65%	0.01%	-0.3%	Q4 2014
ABBVAbbVie Inc.	$4.8M	0.65%	0.00%	-1.8%	Q2 2013
GLWCorning Inc	$4.78M	0.64%	0.00%	-15.7%	Q2 2013
WYWeyerhaeuser Co	$4.75M	0.64%	0.03%	-5.2%	Q1 2016
GEGeneral Electric Co	$4.49M	0.60%	0.00%	-1.5%	Q3 2021

Q1 2026Reported May 1, 2026112 positions
NVDANvidia Corp	$23.8M	3.75%	0.00%	+0.6%	Q1 2018
AAPLApple Inc.	$22M	3.47%	0.00%	-0.1%	Q2 2013
MSFTMicrosoft Corp	$21.2M	3.34%	0.00%	+4.2%	Q2 2013
OKEOneok Inc	$18.5M	2.92%	0.03%	-0.7%	Q2 2017
AVGOBroadcom Inc.	$17.9M	2.83%	0.00%	+10.3%	Q1 2021
JPMJPMorgan Chase & Co	$17.5M	2.76%	0.00%	-2.0%	Q2 2015
AMZNAmazon Com Inc	$16.6M	2.61%	0.00%	+8.7%	Q3 2017
NEENextera Energy Inc	$16.2M	2.56%	0.01%	-4.6%	Q2 2013
PANWPalo Alto Networks Inc	$13.6M	2.14%	0.01%	+6.6%	Q1 2015
GOOGLAlphabet Inc.	$13.1M	2.07%	0.00%	-3.6%	Q4 2015
QCOMQualcomm Inc	$13M	2.05%	0.01%	+5.1%	Q2 2013
LOWLowes Companies Inc	$12.9M	2.03%	0.01%	-0.7%	Q2 2013
FSLRFirst Solar, Inc.	$12.5M	1.97%	0.06%	-1.2%	Q3 2013
USBUS Bancorp \de\	$11.6M	1.83%	0.01%	-3.5%	Q2 2013
COSTCostco Wholesale Corp	$11.1M	1.75%	0.00%	-0.2%	Q2 2013
PWRQuanta Services, Inc.	$10.5M	1.66%	0.01%	+10.4%	Q2 2021
CMICummins Inc	$10.4M	1.64%	0.01%	-14.6%	Q2 2013
GOOGAlphabet Inc.	$9.61M	1.51%	Not reported	-12.5%	Q4 2015
IQVIqvia Holdings Inc.	$8.85M	1.40%	0.03%	+8.1%	Q1 2024
LHLabcorp Holdings Inc.	$8.78M	1.38%	0.04%	+0.4%	Q2 2024
JJacobs Solutions Inc.	$8.61M	1.36%	0.06%	+22.5%	Q3 2022
IBMInternational Business Machines Corp	$8.41M	1.32%	0.00%	+1.7%	Q2 2013
ABTAbbott Laboratories	$8.39M	1.32%	0.00%	+6.9%	Q2 2013
PRUPrudential Financial Inc	$8.37M	1.32%	0.02%	+6.7%	Q3 2021
LHXL3harris Technologies, Inc.	$8.17M	1.29%	0.01%	-8.6%	Q4 2019
URIUnited Rentals, Inc.	$8.02M	1.26%	0.02%	+2.5%	Q3 2023
BXBlackstone Inc.	$7.67M	1.21%	0.01%	+27.1%	Q3 2019
CLFCleveland-Cliffs Inc.	$7.57M	1.19%	0.16%	-1.3%	Q3 2017
WSMWilliams Sonoma Inc	$7.44M	1.17%	0.03%	+16.2%	Q1 2016
ETNEaton Corp plc	$7.16M	1.13%	0.01%	+26.3%	Q2 2013
DHRDanaher Corp	$6.85M	1.08%	0.01%	+32.8%	Q3 2021
AMATApplied Materials Inc	$6.58M	1.04%	0.00%	-6.5%	Q2 2014
JNJJohnson & Johnson	$6.49M	1.02%	0.00%	-3.7%	Q2 2013
AMDAdvanced Micro Devices Inc	$6.33M	1.00%	0.00%	+5.1%	Q3 2022
HASIHA Sustainable Infrastructure Capital, Inc.	$5.83M	0.92%	0.12%	-4.4%	Q4 2014
MRVLMarvell Technology, Inc.	$5.63M	0.89%	0.01%	+88.9%	Q3 2025
DCIDONALDSON Co INC	$5.58M	0.88%	0.06%	-4.4%	Q2 2013
HONHoneywell International Inc	$5.48M	0.86%	0.00%	-0.3%	Q1 2017
LLYELI LILLY & Co	$5.36M	0.84%	0.00%	-4.3%	Q1 2023
UBERUber Technologies, Inc	$5.28M	0.83%	0.00%	+48.8%	Q1 2025
XYLXylem Inc.	$5.15M	0.81%	0.02%	-0.7%	Q3 2023
WYWeyerhaeuser Co	$5.11M	0.80%	0.03%	+32.2%	Q1 2016
KMIKinder Morgan, Inc.	$5.09M	0.80%	0.01%	+1.0%	Q4 2014
CSCOCisco Systems, Inc.	$4.57M	0.72%	0.00%	-1.0%	Q2 2013
TTEKTetra Tech Inc	$4.44M	0.70%	0.06%	+43.9%	Q2 2013
GEVGE Vernova Inc.	$4.37M	0.69%	0.00%	-11.8%	Q2 2024
AWKAmerican Water Works Company, Inc.	$4.37M	0.69%	0.02%	-14.8%	Q2 2013
ABBVAbbVie Inc.	$4.23M	0.67%	0.00%	-0.4%	Q2 2013
FDXFedex Corp	$3.99M	0.63%	0.00%	-35.1%	Q4 2015
ROPRoper Technologies Inc	$3.54M	0.56%	0.01%	-5.1%	Q4 2020

Q4 2025Reported Feb 5, 2026111 positions
MSFTMicrosoft Corp	$26.6M	4.07%	0.00%	+1.7%	Q2 2013
NVDANvidia Corp	$25.3M	3.87%	0.00%	-1.7%	Q1 2018
AAPLApple Inc.	$23.7M	3.62%	0.00%	-6.8%	Q2 2013
JPMJPMorgan Chase & Co	$19.6M	3.00%	0.00%	-2.6%	Q2 2015
AVGOBroadcom Inc.	$18.2M	2.78%	0.00%	-3.3%	Q1 2021
AMZNAmazon Com Inc	$16.9M	2.59%	0.00%	-4.4%	Q3 2017
FSLRFirst Solar, Inc.	$16.7M	2.56%	0.06%	-8.2%	Q3 2013
QCOMQualcomm Inc	$16.4M	2.52%	0.01%	-0.4%	Q2 2013
OKEOneok Inc	$15.2M	2.32%	0.03%	+7.8%	Q2 2017
GOOGLAlphabet Inc.	$14.8M	2.27%	0.00%	-16.1%	Q4 2015
NEENextera Energy Inc	$14.7M	2.25%	0.01%	+0.3%	Q2 2013
PANWPalo Alto Networks Inc	$14.6M	2.24%	0.01%	+3.1%	Q1 2015
LOWLowes Companies Inc	$13.3M	2.03%	0.01%	+2.1%	Q2 2013
USBUS Bancorp \de\	$12.4M	1.89%	0.01%	-0.2%	Q2 2013
CLFCleveland-Cliffs Inc.	$12M	1.85%	0.16%	-9.6%	Q3 2017
GOOGAlphabet Inc.	$12M	1.84%	Not reported	-7.0%	Q4 2015
CMICummins Inc	$11.6M	1.77%	0.02%	-6.5%	Q2 2013
IQVIqvia Holdings Inc.	$10.8M	1.66%	0.03%	-1.8%	Q1 2024
IBMInternational Business Machines Corp	$10.1M	1.55%	0.00%	-1.6%	Q2 2013
COSTCostco Wholesale Corp	$9.66M	1.48%	0.00%	+6.0%	Q2 2013
ABTAbbott Laboratories	$9.58M	1.47%	0.00%	-4.3%	Q2 2013
PRUPrudential Financial Inc	$9.07M	1.39%	0.02%	+7.1%	Q3 2021
URIUnited Rentals, Inc.	$8.7M	1.33%	0.02%	+2.7%	Q3 2023
LHLabcorp Holdings Inc.	$8.23M	1.26%	0.04%	+4.3%	Q2 2024
BXBlackstone Inc.	$8.09M	1.24%	0.01%	+20.5%	Q3 2019
LHXL3harris Technologies, Inc.	$7.6M	1.16%	0.01%	-1.3%	Q4 2019
PWRQuanta Services, Inc.	$7.33M	1.12%	0.01%	+3.0%	Q2 2021
JJacobs Solutions Inc.	$7.31M	1.12%	0.05%	+12.6%	Q3 2022
EXPEExpedia Group, Inc.	$7.03M	1.08%	0.02%	-5.5%	Q1 2025
LLYELI LILLY & Co	$6.54M	1.00%	0.00%	-2.5%	Q1 2023
AMDAdvanced Micro Devices Inc	$6.34M	0.97%	0.00%	-4.8%	Q3 2022
WSMWilliams Sonoma Inc	$6.27M	0.96%	0.03%	+10.7%	Q1 2016
DHRDanaher Corp	$6.22M	0.95%	0.00%	+5.6%	Q3 2021
DCIDONALDSON Co INC	$6.1M	0.93%	0.06%	-10.3%	Q2 2013
XYLXylem Inc.	$5.91M	0.91%	0.02%	+0.2%	Q3 2023
JNJJohnson & Johnson	$5.7M	0.87%	0.00%	-1.6%	Q2 2013
AMATApplied Materials Inc	$5.29M	0.81%	0.00%	-2.0%	Q2 2014
HASIHA Sustainable Infrastructure Capital, Inc.	$5.22M	0.80%	0.13%	+1.5%	Q4 2014
ETNEaton Corp plc	$5.05M	0.77%	0.00%	+22.3%	Q2 2013
FDXFedex Corp	$4.98M	0.76%	0.01%	+0.4%	Q4 2015
AWKAmerican Water Works Company, Inc.	$4.91M	0.75%	0.02%	-16.4%	Q2 2013
HONHoneywell International Inc	$4.74M	0.73%	0.00%	+18.6%	Q1 2017
ROPRoper Technologies Inc	$4.69M	0.72%	0.01%	-0.1%	Q4 2020
BDXBecton Dickinson & Co	$4.65M	0.71%	0.01%	-13.8%	Q2 2013
CRMSalesforce, Inc.	$4.61M	0.71%	0.00%	+82.7%	Q3 2025
CSCOCisco Systems, Inc.	$4.58M	0.70%	0.00%	-0.1%	Q2 2013
ABBVAbbVie Inc.	$4.46M	0.68%	0.00%	-25.1%	Q2 2013
KMIKinder Morgan, Inc.	$4.13M	0.63%	0.01%	+18.7%	Q4 2014
UBERUber Technologies, Inc	$4.03M	0.62%	0.00%	+79.3%	Q1 2025
GEGeneral Electric Co	$3.96M	0.61%	0.00%	-0.5%	Q3 2021

Q3 2025Reported Nov 14, 2025115 positions
MSFTMicrosoft Corp	$28M	4.47%	0.00%	+1.3%	Q2 2013
NVDANvidia Corp	$25.8M	4.11%	0.00%	-3.0%	Q1 2018
AAPLApple Inc.	$23.8M	3.79%	0.00%	+4.4%	Q2 2013
JPMJPMorgan Chase & Co	$19.7M	3.14%	0.00%	-2.7%	Q2 2015
AVGOBroadcom Inc.	$17.9M	2.86%	0.00%	-10.0%	Q1 2021
AMZNAmazon Com Inc	$16.8M	2.68%	0.00%	-5.5%	Q3 2017
QCOMQualcomm Inc	$16M	2.56%	0.01%	+1.7%	Q2 2013
PANWPalo Alto Networks Inc	$15.7M	2.50%	0.01%	+1.8%	Q1 2015
FSLRFirst Solar, Inc.	$15.4M	2.46%	0.07%	0.0%	Q3 2013
OKEOneok Inc	$14M	2.23%	0.03%	+16.8%	Q2 2017
NEENextera Energy Inc	$13.8M	2.20%	0.01%	+2.6%	Q2 2013
GOOGLAlphabet Inc.	$13.7M	2.19%	0.00%	+1.3%	Q4 2015
LOWLowes Companies Inc	$13.5M	2.16%	0.01%	+0.4%	Q2 2013
CLFCleveland-Cliffs Inc.	$12.2M	1.95%	0.20%	-5.0%	Q3 2017
USBUS Bancorp \de\	$11.2M	1.79%	0.01%	+0.1%	Q2 2013
ABTAbbott Laboratories	$10.7M	1.71%	0.00%	-0.1%	Q2 2013
CMICummins Inc	$10.2M	1.64%	0.02%	-1.2%	Q2 2013
GOOGAlphabet Inc.	$10M	1.60%	Not reported	-0.1%	Q4 2015
URIUnited Rentals, Inc.	$9.99M	1.60%	0.02%	-5.2%	Q3 2023
IBMInternational Business Machines Corp	$9.78M	1.56%	0.00%	-0.7%	Q2 2013
COSTCostco Wholesale Corp	$9.78M	1.56%	0.00%	-0.8%	Q2 2013
IQVIqvia Holdings Inc.	$9.29M	1.48%	0.03%	+12.4%	Q1 2024
LHLabcorp Holdings Inc.	$9.02M	1.44%	0.04%	-2.0%	Q2 2024
FISVFiserv Inc	$8.3M	1.33%	0.01%	+71.6%	Q4 2020
LHXL3harris Technologies, Inc.	$8.01M	1.28%	0.01%	-1.7%	Q4 2019
PRUPrudential Financial Inc	$7.78M	1.24%	0.02%	+1.7%	Q3 2021
BXBlackstone Inc.	$7.44M	1.19%	0.01%	-1.3%	Q3 2019
JJacobs Solutions Inc.	$7.34M	1.17%	0.04%	+0.4%	Q3 2022
PWRQuanta Services, Inc.	$6.99M	1.12%	0.01%	-1.6%	Q2 2021
XYLXylem Inc.	$6.39M	1.02%	0.02%	+0.9%	Q3 2023
DCIDONALDSON Co INC	$6.28M	1.00%	0.07%	-2.0%	Q2 2013
AWKAmerican Water Works Company, Inc.	$6.27M	1.00%	0.02%	-1.4%	Q2 2013
WSMWilliams Sonoma Inc	$6.2M	0.99%	0.03%	-0.3%	Q1 2016
ABBVAbbVie Inc.	$6.03M	0.96%	0.00%	-0.8%	Q2 2013
EXPEExpedia Group, Inc.	$5.61M	0.90%	0.02%	+12.3%	Q1 2025
ROPRoper Technologies Inc	$5.26M	0.84%	0.01%	+4.6%	Q4 2020
BDXBecton Dickinson & Co	$5.2M	0.83%	0.01%	-0.7%	Q2 2013
JNJJohnson & Johnson	$5.19M	0.83%	0.00%	-0.2%	Q2 2013
DHRDanaher Corp	$5.1M	0.81%	0.00%	+2.4%	Q3 2021
AMDAdvanced Micro Devices Inc	$5.03M	0.80%	0.00%	-3.6%	Q3 2022
HASIHA Sustainable Infrastructure Capital, Inc.	$5.02M	0.80%	0.13%	-0.8%	Q4 2014
ETNEaton Corp plc	$4.85M	0.77%	0.00%	-3.4%	Q2 2013
LLYELI LILLY & Co	$4.76M	0.76%	0.00%	+28.7%	Q1 2023
WYWeyerhaeuser Co	$4.37M	0.70%	0.02%	-9.6%	Q1 2016
HONHoneywell International Inc	$4.31M	0.69%	0.00%	+0.7%	Q1 2017
AMATApplied Materials Inc	$4.3M	0.69%	0.00%	+1.0%	Q2 2014
CSCOCisco Systems, Inc.	$4.07M	0.65%	0.00%	-0.9%	Q2 2013
FDXFedex Corp	$4.05M	0.65%	0.01%	+7.2%	Q4 2015
GEGeneral Electric Co	$3.89M	0.62%	0.00%	-5.5%	Q3 2021
KMIKinder Morgan, Inc.	$3.59M	0.57%	0.01%	+5.9%	Q4 2014

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