Q2 2026 13F · SEC CIK 1317784

SFE Investment Counsel

Wealth managerFiled 2026-08-05 for Q2 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $726.4M
Reported positions: 149
Top holdings a year, 3 yrs: +24.1%
Assets under management: $748.4M

SFE Investment Counsel is a wealth manager that reported 149 positions worth $726.4M in its Q2 2026 13F, filed 2026-08-05. Its largest holdings were Nvidia Corporation Com (NVDA, 3.8%), Palo Alto Networks Inc (PANW, 3.8%), Apple Inc (AAPL, 3.4%). A portfolio copying its top holdings returned 24.1% a year over the last 3 years, against 20.4% for the S&P 500.

SFE Investment Counsel holdings largest 50 of 149 positions.

Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.

SFE Investment Counsel 13F holdings
Stock	% of 13F value	Q1 2026	Shares	Share change	Reported value
NVDANvidia Corporation Com	3.8%	3.8%	138,995	+1.9%	$27.8M
PANWPalo Alto Networks Inc	3.8%	2.2%	80,533	-4.7%	$27.5M
AAPLApple Inc	3.4%	3.5%	86,015	-1.0%	$24.9M
MSFTMicrosoft Corp	3.0%	3.4%	58,178	+1.6%	$21.7M
AVGOBroadcom Inc	3.0%	2.9%	56,951	-1.7%	$21.5M
JPMJpmorgan Chase & Co	2.7%	2.8%	59,236	-0.5%	$19.4M
AMZNAmazon Com Inc Com	2.7%	2.7%	81,327	+2.1%	$19.4M
OKEOneok Inc	2.4%	3.0%	204,610	-0.2%	$17.8M
QCOMQualcomm Inc	2.3%	2.1%	92,200	-8.7%	$17.0M
GOOGLAlphabet Inc	2.1%	2.1%	43,607	-4.4%	$15.6M
NEENextera Energy Inc Com	2.1%	2.6%	174,989	+0.0%	$15.4M
FSLRFirst Solar Inc Com	2.0%	2.0%	62,790	-0.8%	$14.8M
MRVLMarvell Technology Inc	2.0%	0.9%	48,888	-14.0%	$14.6M
AMDAdvanced Micro Devices Inc	1.9%	1.0%	23,759	-23.7%	$13.8M
USBUS Bancorp Del	1.9%	1.9%	223,299	-0.2%	$13.5M
CMICummins Inc	1.8%	1.7%	18,235	-5.8%	$13.0M
URIUnited Rentals Inc Com	1.8%	1.3%	11,268	+2.3%	$12.8M
AMATApplied Matls Inc	1.7%	1.1%	17,438	-9.4%	$12.6M
PWRQuanta Svcs Inc Com	1.7%	1.7%	17,252	-10.1%	$12.4M
LOWLowes Cos Inc	1.7%	2.1%	55,726	+2.2%	$12.3M
IQVIqvia Holdings Inc	1.6%	1.4%	59,043	+13.7%	$11.4M
GOOGAlphabet Inc	1.6%	1.5%	32,233	-3.8%	$11.4M
IBMInternational Business Machs	1.5%	1.3%	38,650	+11.4%	$10.9M
COSTCostco Whsl Corp New	1.4%	1.8%	11,067	-1.0%	$10.4M
LHLabcorp Holdings Inc	1.4%	1.4%	36,478	+10.8%	$10.2M
PRUPrudential Finl Inc Com	1.3%	1.3%	90,299	+5.4%	$9.7M
WSMWilliams Sonoma Inc	1.3%	1.2%	41,393	+1.4%	$9.6M
JJacobs Solutions Inc	1.3%	1.4%	75,087	+11.0%	$9.5M
BXBlackstone Inc Com	1.2%	1.2%	75,588	+13.3%	$8.9M
CLFCleveland-Cliffs Inc	1.2%	1.2%	911,796	+1.8%	$8.6M
BSJSInvesco Exch Trd Slf Idx Fd	1.2%	1.3%	390,757	+1.8%	$8.5M
ETNEaton Corp PLC	1.1%	1.1%	19,589	-2.1%	$8.3M
ABTAbbott Laboratories	1.1%	1.3%	90,251	+10.4%	$8.2M
IVVIshares Core S&p 500 ETF	1.1%	1.2%	10,876	-2.1%	$8.1M
BSJRInvesco Exch Trd Slf Idx Fd	1.1%	1.3%	358,973	-0.3%	$8.0M
BSJTInvesco Exch Trd Slf Idx Fd	1.1%	1.2%	378,154	+3.3%	$8.0M
BSCSInvesco Exch Trd Slf Idx Fd	1.1%	1.1%	378,645	+11.1%	$7.7M
DHRDanaher Corporation	1.0%	1.1%	38,721	+7.2%	$7.4M
LLYLilly Eli & Co	1.0%	0.9%	5,971	+2.5%	$7.2M
BSJUInvesco Exchange-Traded Self-Indexed FD	1.0%	1.0%	274,568	+9.6%	$7.1M
LHXL3harris Technologies Inc	1.0%	1.3%	23,782	+0.5%	$6.9M
JNJJohnson & Johnson	0.9%	1.0%	26,617	+0.2%	$6.8M
BSCRInvesco Exch Trd Slf Idx Fd	0.9%	1.0%	337,330	+8.4%	$6.6M
BSCTInvesco Exch Trd Slf Idx Fd	0.9%	1.0%	344,227	+6.1%	$6.4M
CSCOCisco Sys Inc	0.9%	—	53,581	—	$6.3M
UBERUber Technologies Inc	0.9%	0.8%	87,107	+18.7%	$6.3M
HASIHa Sustainable Infra Cap Inc	0.8%	0.9%	154,759	-2.4%	$6.0M
KLACKla Corp	0.8%	—	20,000	—	$6.0M
DCIDonaldson Inc	0.8%	0.9%	64,958	-1.3%	$5.8M
XYLXylem Inc Ny	0.8%	0.8%	48,837	+13.3%	$5.8M

What SFE Investment Counsel bought and sold in Q2 2026, against Q1 2026.

New positions

Q1 2026's filing was too long to tell new positions apart.

Share counts compared with the Q1 2026 13F; a split also changes share counts. The latest filing lists more than 50 positions, so a position that left the top 50 may still be held.

How the holdings did against the S&P 500.

1 year: +24.0% /yr; S&P 500 +20.1%
3 years: +24.1% /yr; S&P 500 +20.4%
5 years: +13.8% /yr; S&P 500 +11.6%

A portfolio of the filer's 20 largest 13F positions, weighted by value and rebuilt each quarter on the day the filing became public. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.

Reported 13F value by quarter.

13F value by quarter
Quarter	13F value	Positions
Q2 2026	$726.4M	149
Q1 2026	$624.2M	140
Q4 2025	$641.3M	143
Q3 2025	$626.3M	147
Q2 2025	$567.9M	141
Q1 2025	$500.5M	140
Q4 2024	$470.9M	114
Q3 2024	$480.1M	116
Q2 2024	$450.9M	119
Q1 2024	$441.4M	117
Q4 2023	$384.1M	112
Q3 2023	$343.7M	117

Questions about SFE Investment Counsel's portfolio

What stocks does SFE Investment Counsel own?

SFE Investment Counsel's latest 13F, for Q2 2026 and filed Aug 5, 2026, lists 149 positions worth $726.4M. The largest are Nvidia Corporation Com (NVDA) at 3.8%, Palo Alto Networks Inc (PANW) at 3.8%, Apple Inc (AAPL) at 3.4%, Microsoft Corp (MSFT) at 3.0% and Broadcom Inc (AVGO) at 3.0%.

What did SFE Investment Counsel buy last quarter?

In Q2 2026, SFE Investment Counsel added Uber Technologies Inc (UBER) (+18.7% shares), Iqvia Holdings Inc (IQV) (+13.7% shares) and Blackstone Inc Com (BX) (+13.3% shares), compared with its Q1 2026 filing.

What did SFE Investment Counsel sell last quarter?

In Q2 2026, SFE Investment Counsel cut from its top 50 Invesco Exch Trd Slf Idx Fd (BSJQ), cut from its top 50 Honeywell Intl Inc (HON), Advanced Micro Devices Inc (AMD) (-23.7% shares), Marvell Technology Inc (MRVL) (-14.0% shares) and Quanta Svcs Inc Com (PWR) (-10.1% shares), compared with its Q1 2026 filing.

How has SFE Investment Counsel's portfolio performed?

A portfolio copying SFE Investment Counsel's 20 largest 13F holdings each quarter, from the day each filing was public, returned +24.1% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: +24.0% against +20.1%. Over 5 years: +13.8% a year against +11.6%.

When is SFE Investment Counsel's next 13F filing due?

13F filings are due 45 days after each quarter ends. SFE Investment Counsel's filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.

How much money does SFE Investment Counsel manage?

SFE Investment Counsel reported $748.4M of regulatory assets under management on its latest SEC Form ADV. Its 13F, which covers only US-listed stocks and options, totals $726.4M.