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SFE Investment Counsel

801 SOUTH FIGUEROA STREET SUITE 610, LOS ANGELES, CA 90017 • 213-612-0220

Q2 2025 · Filed 2025-08-07
Market Value
$568M
+13.5%
Holdings
151
+8
New Purchases
12
Added To
70
Closed
11
Reduced
50
Top 10 Concentration
31.1%
Turnover
15.2%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
MSFT 4.68% 2.03% +2.65% $27M
NVDA 3.96% 3.07% +0.89% $22M
AVGO 2.93% 2.07% +0.86% $17M
FSLR 2.04% 1.62% +0.42% $12M
GOOGL 1.73% 1.38% +0.35% $10M
AMZN 3.13% 2.78% +0.35% $18M
PWR 1.14% 0.81% +0.33% $6M
EXPE 0.69% 0.37% +0.33% $4M
URI 1.47% 1.14% +0.32% $8M
KLAC 0.32% 0.00% +0.32% $2M
JPM 3.27% 3.00% +0.28% $19M
PANW 2.73% 2.49% +0.24% $15M
AMD 0.81% 0.61% +0.20% $5M
UBER 0.34% 0.15% +0.19% $2M
GEV 0.59% 0.41% +0.18% $3M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
AAPL 3.23% 3.90% -0.67% $18M
IVV 0.34% 0.79% -0.45% $2M
OKE 2.36% 2.80% -0.44% $13M
F-PD 0.17% 0.60% -0.42% $979K
BSJP 0.34% 0.75% -0.41% $2M
GSLC 0.08% 0.46% -0.37% $481K
LOW 2.10% 2.46% -0.37% $12M
JEPI 0.49% 0.82% -0.33% $3M
CLF 1.41% 1.73% -0.32% $8M
BDX 0.85% 1.16% -0.31% $5M
JNJ 0.75% 1.05% -0.30% $4M
IEF 0.15% 0.42% -0.27% $824K
AWK 1.12% 1.38% -0.26% $6M
BMY 0.21% 0.46% -0.25% $1M
BSJQ 1.30% 1.51% -0.21% $7M

Sector Allocation Over Time

Industry Breakdown

IndustryWeight
Technology 26.0%
Financial Services 22.8%
Industrials 14.4%
Healthcare 9.6%
Consumer Cyclical 7.0%

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 39 $221M 38.9%
Large Cap 74 $256M 45.2%
Mid Cap 22 $49M 8.6%
Small Cap 12 $37M 6.4%
Micro Cap 4 $5M 0.9%

Portfolio Analytics

Avg Market Cap
$342.3B
Median Market Cap
$60.6B
Avg P/E
38.4
Median P/E
28.1
Avg Dividend Yield
0.02%
Avg Beta
0.96
# Stocks
109
# ETFs / Funds
42

Top Holdings (151 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 MSFT 4.68% 53,411 $27M $497.41 $16M +26,321 +97.2%
2 NVDA 3.96% 142,312 $22M $157.99 $7M +564 +0.4%
3 JPM 3.27% 64,092 $19M $289.91 $4M +3,015 +4.9%
4 AAPL 3.23% 89,398 $18M $205.17 -$1M +1,537 +1.8%
5 AMZN 3.13% 81,046 $18M $219.39 $4M +7,869 +10.8%
6 AVGO 2.93% 60,353 $17M $275.65 $6M -1,411 -2.3%
7 PANW 2.73% 75,623 $15M $204.64 $3M +2,698 +3.7%
8 QCOM 2.66% 94,807 $15M $159.26 $1M +3,433 +3.8%
9 OKE 2.36% 164,059 $13M $81.63 -$626K +22,779 +16.1%
10 NEE 2.18% 178,189 $12M $69.42 $550K +11,455 +6.9%
11 LOW 2.10% 53,602 $12M $221.87 -$426K +784 +1.5%
12 FSLR 2.04% 69,810 $12M $165.54 $3M +5,852 +9.2%
13 ABT 1.92% 80,063 $11M $136.01 $874K +4,561 +6.0%
14 COST 1.86% 10,653 $11M $989.98 $386K -90 -0.8%
15 USB 1.85% 232,077 $11M $45.25 $1M +10,448 +4.7%
16 IBM 1.81% 34,894 $10M $294.78 $1M -1,453 -4.0%
17 GOOGL 1.73% 55,653 $10M $176.23 $3M +11,048 +24.8%
18 LH 1.48% 32,089 $8M $262.51 $1M +405 +1.3%
19 URI 1.47% 11,044 $8M $753.40 $3M +1,913 +20.9%
20 CMI 1.42% 24,530 $8M $327.50 $405K +192 +0.8%
21 CLF 1.41% 1,055,365 $8M $7.60 -$640K +1,688 +0.2%
22 PRU 1.40% 73,719 $8M $107.44 $681K +8,896 +13.7%
23 BSJS 1.38% 355,613 $8M $22.05 $301K +7,152 +2.0%
24 BSJR 1.34% 334,525 $8M $22.70 $176K +3,387 +1.0%
25 BSJQ 1.30% 316,978 $7M $23.33 -$154K -8,560 -2.6%
26 GOOG 1.29% 41,194 $7M $177.39 $784K -562 -1.4%
27 BSJT 1.28% 337,617 $7M $21.52 $551K +19,089 +6.0%
28 IQV 1.21% 43,491 $7M $157.59 $299K +6,314 +17.0%
29 LHX 1.18% 26,692 $7M $250.84 $1M +1,182 +4.6%
30 BX 1.16% 44,140 $7M $149.58 $1M +4,678 +11.8%
31 PWR 1.14% 17,142 $6M $378.08 $2M +1,208 +7.6%
32 FI 1.14% 37,529 $6M $172.41 -$59K +7,960 +26.9%
33 J 1.13% 48,824 $6M $131.45 $1M +5,042 +11.5%
34 AWK 1.12% 45,655 $6M $139.11 -$550K -1,125 -2.4%
35 BSCS 1.03% 285,523 $6M $20.49 $1M +47,877 +20.1%
36 ROP 1.01% 10,080 $6M $566.84 -$346K -198 -1.9%
37 XYL 0.98% 42,950 $6M $129.36 $424K -9 -0.0%
38 DCI 0.96% 78,248 $5M $69.35 $541K +5,398 +7.4%
39 ZTS 0.93% 34,012 $5M $155.95 $39K +2,037 +6.4%
40 WSM 0.92% 31,830 $5M $163.37 $929K +4,812 +17.8%
41 WY 0.88% 194,853 $5M $25.69 $400K +37,545 +23.9%
42 DHR 0.88% 25,145 $5M $197.54 $100K +1,401 +5.9%
43 BSCT 0.87% 265,220 $5M $18.70 $1M +55,402 +26.4%
44 ABBV 0.86% 26,237 $5M $185.62 $392K +4,863 +22.8%
45 BSCR 0.85% 245,436 $5M $19.65 $606K +30,165 +14.0%
46 BDX 0.85% 27,970 $5M $172.25 -$989K +2,619 +10.3%
47 ETN 0.84% 13,402 $5M $356.99 $1M +685 +5.4%
48 HON 0.84% 20,350 $5M $232.88 $218K -1,003 -4.7%
49 AMD 0.81% 32,247 $5M $141.90 $2M +2,791 +9.5%
50 HASI 0.78% 164,840 $4M $26.86 -$344K +1,654 +1.0%
51 JNJ 0.75% 28,045 $4M $152.75 -$978K -3,682 -11.6%
52 CSCO 0.73% 60,078 $4M $69.38 $311K -2,423 -3.9%
53 BSJU 0.72% 156,243 $4M $26.02 $840K +29,730 +23.5%
54 BSCQ 0.71% 207,372 $4M $19.52 $60K +2,657 +1.3%
55 EXPE 0.69% 23,377 $4M $168.68 $2M +12,456 +114.1%
56 AMAT 0.67% 20,804 $4M $183.07 $1M +3,719 +21.8%
57 LLY 0.67% 4,849 $4M $779.53 $243K +566 +13.2%
58 FDX 0.64% 16,027 $4M $227.31 $60K +1,331 +9.1%
59 GE 0.62% 13,679 $4M $257.40 $552K -1,156 -7.8%
60 KMI 0.62% 119,625 $4M $29.40 $615K +17,905 +17.6%
61 GEV 0.59% 6,334 $3M $529.15 $1M -445 -6.6%
62 BSCU 0.55% 185,362 $3M $16.78 $915K +53,036 +40.1%
63 DE 0.52% 5,815 $3M $508.49 $168K -127 -2.1%
64 TTEK 0.52% 81,856 $3M $35.96 $474K -2,585 -3.1%
65 JEPI 0.49% 49,150 $3M $56.85 -$1M -22,414 -31.3%
66 ULTA 0.48% 5,813 $3M $467.82 $169K -1,146 -16.5%
67 BRK-B 0.40% 4,706 $2M $485.77 -$428K -390 -7.7%
68 CVX 0.38% 15,017 $2M $143.19 -$690K -1,960 -11.6%
69 PNW 0.37% 23,310 $2M $89.47 $320K +4,775 +25.8%
70 NFLX 0.34% 1,461 $2M $1,339.13 $600K +6 +0.4%
71 UBER 0.34% 20,949 $2M $93.30 $1M +10,413 +98.8%
72 BSJP 0.34% 82,883 $2M $23.07 -$2M -80,113 -49.1%
73 IVV 0.34% 3,079 $2M $620.84 -$2M -3,935 -56.1%
74 PFE 0.32% 75,230 $2M $24.24 $14K +3,812 +5.3%
75 KLAC 0.32% 2,000 $2M $895.74 +2,000 NEW
76 TNC 0.30% 21,620 $2M $77.48 $287K +4,220 +24.2%
77 BEP 0.27% 59,062 $2M $25.51 $330K +5,971 +11.2%
78 T 0.25% 48,184 $1M $28.94 -$207K -8,427 -14.9%
79 GLW 0.24% 26,089 $1M $52.59 $242K +1,413 +5.7%
80 EQAL 0.24% 27,096 $1M $49.24 $58K +90 +0.3%
81 BMY 0.21% 25,840 $1M $46.29 -$1M -11,966 -31.6%
82 EWBC 0.20% 11,195 $1M $100.98 $161K +390 +3.6%
83 CLH 0.18% 4,392 $1M $231.18 $143K -35 -0.8%
84 F-PD 0.17% 90,185 $979K $10.85 -$2M -206,630 -69.6%
85 BSCP 0.17% 47,116 $974K $20.68 -$235K -11,363 -19.4%
86 LMNR 0.17% 60,010 $939K $15.65 -$124K
87 EIX 0.16% 17,515 $904K $51.60 -$345K -3,685 -17.4%
88 EMR 0.15% 6,460 $861K $133.33 $176K +210 +3.4%
89 DRI 0.15% 3,910 $852K $217.97 $33K -35 -0.9%
90 IEF 0.15% 8,600 $824K $95.77 -$1M -13,224 -60.6%
91 THO 0.13% 8,502 $755K $88.81 -$476K -7,743 -47.7%
92 XEL 0.13% 10,870 $740K $68.10 +10,870 NEW
93 WDAY 0.12% 2,895 $695K $240.00 $19K
94 AGGY 0.12% 15,091 $658K $43.63 -$555K -12,843 -46.0%
95 META 0.12% 891 $658K $738.15 $159K +25 +2.9%
96 SHW 0.11% 1,875 $644K $343.36 -$11K
97 IAU 0.11% 9,717 $606K $62.36 -$30K -1,070 -9.9%
98 RSPT 0.11% 14,809 $604K $40.78 $106K +256 +1.8%
99 BSCV 0.10% 33,195 $549K $16.53 +33,195 NEW
100 BA 0.10% 2,612 $547K $209.53 $306K +1,200 +85.0%

New Positions

SymbolValue% Port
KLAC $2M 0.32%
XEL $740K 0.13%
BSCV $549K 0.10%
JPST $502K 0.09%
VTV $425K 0.07%
IBIT $233K 0.04%
BKNG $232K 0.04%
VEEV $230K 0.04%
TSM $215K 0.04%
QQQ $209K 0.04%
GLD $209K 0.04%
IGHG $204K 0.04%

Sold Out Positions

SymbolValue% Port
AON —%
MMM —%
APH —%
UNH —%
MOAT —%
SRLN —%
PRFZ —%
QUAL —%
GSSC —%
GAL —%
ABC —%
View SEC EDGAR Filings for SFE Investment Counsel →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms