A. D. BEADELL INVESTMENT COUNSEL, INC.

PrivateCIK: 1569102

Location

MEQUON, WI

104

Positions

$156.2K

Total AUM (reported)

2.38M

Total Shares

Allocation by class

COM$145.8K93.3%

UT LTD PTNR$10.5K6.7%

Portfolio Concentration

Top 3$21.5K13.7%

4–10$29.3K18.7%

11–25$43.3K27.7%

Rest$62.2K39.8%

Top 3 weight

13.7%

Top 10 weight

32.5%

Voting Authority Distribution

Total shares with voting rights: 2.38M

Sole

Full voting authority

324.60K

% of voting shares13.6%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

2.05M

% of voting shares86.4%

Investment Discretion (by position count)

Sole104

Shared0

Other0

Dominant voting typeNone · 86.4% of voting shares

Institutional Holdings104

Rows:

Taiwan Semiconductor

SOLE

COM

Shares20.87K

TypeSH

Market value$10.0K

6.38%

Sole

2.31K

Shared

0.00

None

18.56K

VanEck Gold Miners ETF

SOLE

COM

Shares77.84K

TypeSH

Market value$5.9K

3.76%

Sole

3.95K

Shared

0.00

None

73.89K

Enterprise Prd Prtnrs Lp

SOLE

UT LTD PTNR

Shares153.31K

TypeSH

Market value$5.6K

3.61%

Sole

47.50K

Shared

0.00

None

105.81K

Primoris Services Co

SOLE

COM

Shares51K

TypeSH

Market value$5.1K

3.24%

Sole

6.64K

Shared

0.00

None

44.35K

Alphabet Inc Cl A

SOLE

COM

Shares12.36K

TypeSH

Market value$4.4K

2.83%

Sole

1.38K

Shared

0.00

None

10.97K

Kinder Morgan Inc

SOLE

COM

Shares135.42K

TypeSH

Market value$4.3K

2.77%

Sole

23.05K

Shared

0.00

None

112.38K

Pembina Pipeline Corp

SOLE

COM

Shares86.20K

TypeSH

Market value$4.0K

2.55%

Sole

6.62K

Shared

0.00

None

79.58K

Plains Group Hldgs LP

SOLE

UT LTD PTNR

Shares160.68K

TypeSH

Market value$3.9K

2.50%

Sole

18.02K

Shared

0.00

None

142.65K

Merck & Co Inc

SOLE

COM

Shares29.71K

TypeSH

Market value$3.8K

2.44%

Sole

3.19K

Shared

0.00

None

26.52K

Raytheon Technologies Co

SOLE

COM

Shares19.97K

TypeSH

Market value$3.8K

2.42%

Sole

1.95K

Shared

0.00

None

18.02K

Air Products and Chemicals

SOLE

COM

Shares11.85K

TypeSH

Market value$3.5K

2.22%

Sole

1.51K

Shared

0.00

None

10.33K

Amazon.com Inc

SOLE

COM

Shares14.55K

TypeSH

Market value$3.5K

2.22%

Sole

650.00

Shared

0.00

None

13.90K

Brookfield Renewable Corp

SOLE

COM

Shares90.26K

TypeSH

Market value$3.4K

2.14%

Sole

Shared

0.00

None

88.27K

Abbott Laboratories

SOLE

COM

Shares34.82K

TypeSH

Market value$3.2K

2.02%

Sole

2.31K

Shared

0.00

None

32.51K

Essential Utilities

SOLE

COM

Shares80.22K

TypeSH

Market value$3.1K

1.97%

Sole

4.28K

Shared

0.00

None

75.94K

Barrick Mining Corp

SOLE

COM

Shares83.18K

TypeSH

Market value$3.1K

1.96%

Sole

35.13K

Shared

0.00

None

48.05K

Quanta Services Inc

SOLE

COM

Shares4.06K

TypeSH

Market value$2.9K

1.87%

Sole

103.00

Shared

0.00

None

3.96K

Apple Inc

SOLE

COM

Shares9.82K

TypeSH

Market value$2.8K

1.82%

Sole

1.05K

Shared

0.00

None

8.77K

Sempra Energy

SOLE

COM

Shares28.70K

TypeSH

Market value$2.7K

1.70%

Sole

1.15K

Shared

0.00

None

27.55K

Medtronic Inc

SOLE

COM

Shares33.63K

TypeSH

Market value$2.6K

1.68%

Sole

390.00

Shared

0.00

None

33.24K

Sprott Physical Gold ETV

SOLE

COM

Shares85.58K

TypeSH

Market value$2.6K

1.65%

Sole

2.38K

Shared

0.00

None

83.20K

Aberdeen Phys Swiss Gold

SOLE

COM

Shares66.97K

TypeSH

Market value$2.6K

1.64%

Sole

5.20K

Shared

0.00

None

61.77K

Jacobs Solutions Inc

SOLE

COM

Shares20.29K

TypeSH

Market value$2.6K

1.64%

Sole

1.61K

Shared

0.00

None

18.68K

Chubb Ltd

SOLE

COM

Shares7.32K

TypeSH

Market value$2.5K

1.60%

Sole

720.00

Shared

0.00

None

6.60K

Morgan Stanley

SOLE

COM

Shares11.65K

TypeSH

Market value$2.4K

1.56%

Sole

Shared

0.00

None

10.65K

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole	None
Taiwan SemiconductorSOLE	COM	20.87K	SH	$10.0K 6.38%	2.31K	18.56K
VanEck Gold Miners ETFSOLE	COM	77.84K	SH	$5.9K 3.76%	3.95K	73.89K
Enterprise Prd Prtnrs LpSOLE	UT LTD PTNR	153.31K	SH	$5.6K 3.61%	47.50K	105.81K
Primoris Services CoSOLE	COM	51K	SH	$5.1K 3.24%	6.64K	44.35K
Alphabet Inc Cl ASOLE	COM	12.36K	SH	$4.4K 2.83%	1.38K	10.97K
Kinder Morgan IncSOLE	COM	135.42K	SH	$4.3K 2.77%	23.05K	112.38K
Pembina Pipeline CorpSOLE	COM	86.20K	SH	$4.0K 2.55%	6.62K	79.58K
Plains Group Hldgs LPSOLE	UT LTD PTNR	160.68K	SH	$3.9K 2.50%	18.02K	142.65K
Merck & Co IncSOLE	COM	29.71K	SH	$3.8K 2.44%	3.19K	26.52K
Raytheon Technologies CoSOLE	COM	19.97K	SH	$3.8K 2.42%	1.95K	18.02K
Air Products and ChemicalsSOLE	COM	11.85K	SH	$3.5K 2.22%	1.51K	10.33K
Amazon.com IncSOLE	COM	14.55K	SH	$3.5K 2.22%	650.00	13.90K
Brookfield Renewable CorpSOLE	COM	90.26K	SH	$3.4K 2.14%	2K	88.27K
Abbott LaboratoriesSOLE	COM	34.82K	SH	$3.2K 2.02%	2.31K	32.51K
Essential UtilitiesSOLE	COM	80.22K	SH	$3.1K 1.97%	4.28K	75.94K
Barrick Mining CorpSOLE	COM	83.18K	SH	$3.1K 1.96%	35.13K	48.05K
Quanta Services IncSOLE	COM	4.06K	SH	$2.9K 1.87%	103.00	3.96K
Apple IncSOLE	COM	9.82K	SH	$2.8K 1.82%	1.05K	8.77K
Sempra EnergySOLE	COM	28.70K	SH	$2.7K 1.70%	1.15K	27.55K
Medtronic IncSOLE	COM	33.63K	SH	$2.6K 1.68%	390.00	33.24K
Sprott Physical Gold ETVSOLE	COM	85.58K	SH	$2.6K 1.65%	2.38K	83.20K
Aberdeen Phys Swiss GoldSOLE	COM	66.97K	SH	$2.6K 1.64%	5.20K	61.77K
Jacobs Solutions IncSOLE	COM	20.29K	SH	$2.6K 1.64%	1.61K	18.68K
Chubb LtdSOLE	COM	7.32K	SH	$2.5K 1.60%	720.00	6.60K
Morgan StanleySOLE	COM	11.65K	SH	$2.4K 1.56%	1K	10.65K

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