Filed: 11/14/2025ACC: 0001317784-25-000003
📋 What this filing means
SFE INVESTMENT COUNSEL filed this quarterly 13F‑HR report disclosing 147 equity positions with a total reported market value of $626.30M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
147
Positions
$626.30M
Total AUM (reported)
8.13M
Total Shares
Allocation by class
COM$471.13M75.2%
COM NEW$27.63M4.4%
CAP STK CL A$13.70M2.2%
CAP STK CL C$10.03M1.6%
COM SHS$9.02M1.4%
INVSCO 28 HYCORP$8.14M1.3%
BULETSHS 2027$7.85M1.3%
Portfolio Concentration
Top 3$77.52M12.4%
4–10$115.50M18.4%
11–25$159.78M25.5%
Rest$273.51M43.7%
Top 3 weight
12.4%
Top 10 weight
30.8%
Voting Authority Distribution
Total shares with voting rights: 8.13M
Sole
Full voting authority
2.60M
shares
% of voting shares32.0%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
5.53M
shares
% of voting shares68.0%
Investment Discretion (by position count)
Sole147
Shared0
Other0
Dominant voting typeNone · 68.0% of voting shares
Institutional Holdings147
Rows:
MICROSOFT CORP
SOLEShares54.08K
TypeSH
Market value$28.01M
4.47%
Sole
38.15K
Shared
0.00
None
15.92K
NVIDIA CORPORATION
SOLEShares138.03K
TypeSH
Market value$25.75M
4.11%
Sole
45.71K
Shared
0.00
None
92.31K
APPLE INC
SOLEShares93.30K
TypeSH
Market value$23.76M
3.79%
Sole
36.83K
Shared
0.00
None
56.47K
JPMORGAN CHASE & CO.
SOLEShares62.37K
TypeSH
Market value$19.67M
3.14%
Sole
20.33K
Shared
0.00
None
42.04K
BROADCOM INC
SOLEShares54.30K
TypeSH
Market value$17.91M
2.86%
Sole
19.14K
Shared
0.00
None
35.16K
AMAZON COM INC
SOLEShares76.59K
TypeSH
Market value$16.82M
2.68%
Sole
30.56K
Shared
0.00
None
46.03K
QUALCOMM INC
SOLEShares96.46K
TypeSH
Market value$16.05M
2.56%
Sole
31.07K
Shared
0.00
None
65.39K
PALO ALTO NETWORKS INC
SOLEShares76.96K
TypeSH
Market value$15.67M
2.50%
Sole
23.79K
Shared
0.00
None
53.17K
FIRST SOLAR INC
SOLEShares69.81K
TypeSH
Market value$15.40M
2.46%
Sole
25.36K
Shared
0.00
None
44.45K
ONEOK INC NEW
SOLEShares191.63K
TypeSH
Market value$13.98M
2.23%
Sole
69.69K
Shared
0.00
None
121.94K
NEXTERA ENERGY INC
SOLEShares182.85K
TypeSH
Market value$13.80M
2.20%
Sole
62.32K
Shared
0.00
None
120.53K
ALPHABET INC
SOLEShares56.35K
TypeSH
Market value$13.70M
2.19%
Sole
29.24K
Shared
0.00
None
27.11K
LOWES COS INC
SOLEShares53.84K
TypeSH
Market value$13.53M
2.16%
Sole
15.37K
Shared
0.00
None
38.47K
CLEVELAND-CLIFFS INC NEW
SOLEShares1M
TypeSH
Market value$12.24M
1.95%
Sole
271.60K
Shared
0.00
None
731.51K
US BANCORP DEL
SOLEShares232.19K
TypeSH
Market value$11.22M
1.79%
Sole
76.93K
Shared
0.00
None
155.25K
ABBOTT LABS
SOLEShares79.95K
TypeSH
Market value$10.71M
1.71%
Sole
21.41K
Shared
0.00
None
58.55K
CUMMINS INC
SOLEShares24.25K
TypeSH
Market value$10.24M
1.64%
Sole
7.32K
Shared
0.00
None
16.93K
ALPHABET INC
SOLEShares41.17K
TypeSH
Market value$10.03M
1.60%
Sole
12.78K
Shared
0.00
None
28.39K
UNITED RENTALS INC
SOLEShares10.47K
TypeSH
Market value$9.99M
1.60%
Sole
3.72K
Shared
0.00
None
6.75K
INTERNATIONAL BUSINESS MACHS
SOLEShares34.67K
TypeSH
Market value$9.78M
1.56%
Sole
10.37K
Shared
0.00
None
24.29K
COSTCO WHSL CORP NEW
SOLEShares10.57K
TypeSH
Market value$9.78M
1.56%
Sole
1.49K
Shared
0.00
None
9.07K
IQVIA HLDGS INC
SOLEShares48.90K
TypeSH
Market value$9.29M
1.48%
Sole
19.92K
Shared
0.00
None
28.98K
LABCORP HOLDINGS INC
SOLEShares31.44K
TypeSH
Market value$9.02M
1.44%
Sole
13.46K
Shared
0.00
None
17.98K
FISERV INC
SOLEShares64.40K
TypeSH
Market value$8.30M
1.33%
Sole
21.77K
Shared
0.00
None
42.63K
INVESCO EXCH TRD SLF IDX FD
SOLEShares368.48K
TypeSH
Market value$8.14M
1.30%
Sole
103.23K
Shared
0.00
None
265.25K
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
MICROSOFT CORPSOLE | COM | 54.08K | SH | $28.01M 4.47% | 38.15K | 0.00 | 15.92K |
NVIDIA CORPORATIONSOLE | COM | 138.03K | SH | $25.75M 4.11% | 45.71K | 0.00 | 92.31K |
APPLE INCSOLE | COM | 93.30K | SH | $23.76M 3.79% | 36.83K | 0.00 | 56.47K |
JPMORGAN CHASE & CO.SOLE | COM | 62.37K | SH | $19.67M 3.14% | 20.33K | 0.00 | 42.04K |
BROADCOM INCSOLE | COM | 54.30K | SH | $17.91M 2.86% | 19.14K | 0.00 | 35.16K |
AMAZON COM INCSOLE | COM | 76.59K | SH | $16.82M 2.68% | 30.56K | 0.00 | 46.03K |
QUALCOMM INCSOLE | COM | 96.46K | SH | $16.05M 2.56% | 31.07K | 0.00 | 65.39K |
PALO ALTO NETWORKS INCSOLE | COM | 76.96K | SH | $15.67M 2.50% | 23.79K | 0.00 | 53.17K |
FIRST SOLAR INCSOLE | COM | 69.81K | SH | $15.40M 2.46% | 25.36K | 0.00 | 44.45K |
ONEOK INC NEWSOLE | COM | 191.63K | SH | $13.98M 2.23% | 69.69K | 0.00 | 121.94K |
NEXTERA ENERGY INCSOLE | COM | 182.85K | SH | $13.80M 2.20% | 62.32K | 0.00 | 120.53K |
ALPHABET INCSOLE | CAP STK CL A | 56.35K | SH | $13.70M 2.19% | 29.24K | 0.00 | 27.11K |
LOWES COS INCSOLE | COM | 53.84K | SH | $13.53M 2.16% | 15.37K | 0.00 | 38.47K |
CLEVELAND-CLIFFS INC NEWSOLE | COM | 1M | SH | $12.24M 1.95% | 271.60K | 0.00 | 731.51K |
US BANCORP DELSOLE | COM NEW | 232.19K | SH | $11.22M 1.79% | 76.93K | 0.00 | 155.25K |
ABBOTT LABSSOLE | COM | 79.95K | SH | $10.71M 1.71% | 21.41K | 0.00 | 58.55K |
CUMMINS INCSOLE | COM | 24.25K | SH | $10.24M 1.64% | 7.32K | 0.00 | 16.93K |
ALPHABET INCSOLE | CAP STK CL C | 41.17K | SH | $10.03M 1.60% | 12.78K | 0.00 | 28.39K |
UNITED RENTALS INCSOLE | COM | 10.47K | SH | $9.99M 1.60% | 3.72K | 0.00 | 6.75K |
INTERNATIONAL BUSINESS MACHSSOLE | COM | 34.67K | SH | $9.78M 1.56% | 10.37K | 0.00 | 24.29K |
COSTCO WHSL CORP NEWSOLE | COM | 10.57K | SH | $9.78M 1.56% | 1.49K | 0.00 | 9.07K |
IQVIA HLDGS INCSOLE | COM | 48.90K | SH | $9.29M 1.48% | 19.92K | 0.00 | 28.98K |
LABCORP HOLDINGS INCSOLE | COM SHS | 31.44K | SH | $9.02M 1.44% | 13.46K | 0.00 | 17.98K |
FISERV INCSOLE | COM | 64.40K | SH | $8.30M 1.33% | 21.77K | 0.00 | 42.63K |
INVESCO EXCH TRD SLF IDX FDSOLE | INVSCO 28 HYCORP | 368.48K | SH | $8.14M 1.30% | 103.23K | 0.00 | 265.25K |
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