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SFE Investment Counsel

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

Q4 2025 · Filed 2026-02-05
Market Value
$641M
+2.4%
Holdings
152
+1
New Purchases
6
Added To
64
Closed
10
Reduced
57
Top 10 Concentration
30.2%
Turnover
10.5%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
IVV 0.86% 0.32% +0.54% $5M
CRM 0.72% 0.36% +0.36% $5M
GOOG 1.87% 1.60% +0.27% $12M
LLY 1.02% 0.76% +0.26% $7M
KMB 0.26% 0.00% +0.26% $2M
IQV 1.69% 1.48% +0.21% $11M
EXPE 1.10% 0.90% +0.20% $7M
UBER 0.63% 0.43% +0.20% $4M
AMD 0.99% 0.80% +0.19% $6M
BSJV 0.28% 0.10% +0.18% $2M
PRU 1.42% 1.24% +0.17% $9M
CMI 1.81% 1.64% +0.17% $12M
DHR 0.97% 0.82% +0.16% $6M
FSLR 2.61% 2.46% +0.15% $17M
AMAT 0.83% 0.69% +0.14% $5M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
FI 0.32% 1.33% -1.01% $2M
MSFT 4.15% 4.48% -0.33% $27M
ABBV 0.70% 0.96% -0.27% $4M
URI 1.36% 1.60% -0.24% $9M
AWK 0.77% 1.00% -0.24% $5M
PANW 2.28% 2.50% -0.22% $15M
BSJP 0.00% 0.22% -0.22% $0
ABT 1.50% 1.71% -0.22% $10M
NVDA 3.95% 4.11% -0.17% $25M
LH 1.28% 1.44% -0.16% $8M
ULTA 0.34% 0.48% -0.13% $2M
DE 0.30% 0.43% -0.13% $2M
XEL 0.00% 0.13% -0.13% $0
WY 0.58% 0.70% -0.11% $4M
ROP 0.73% 0.84% -0.11% $5M

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 38 $252M 39.4%
Large Cap 75 $286M 44.6%
Mid Cap 20 $57M 8.9%
Small Cap 13 $36M 5.7%
Micro Cap 6 $9M 1.4%

Portfolio Analytics

Avg Market Cap
$341.0B
Median Market Cap
$65.0B
Avg P/E
39.4
Median P/E
28.0
Avg Dividend Yield
0.02%
Avg Beta
0.98
# Stocks
110
# ETFs / Funds
42

Top Holdings (152 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 MSFT 4.15% 54,968 $27M $483.62 -$1M +892 +1.6%
2 NVDA 3.95% 135,619 $25M $186.50 -$460K -2,407 -1.7%
3 AAPL 3.69% 86,997 $24M $271.86 -$106K -6,302 -6.8%
4 JPM 3.06% 60,778 $20M $322.22 -$89K -1,592 -2.5%
5 AVGO 2.84% 52,509 $18M $346.10 $260K -1,788 -3.3%
6 AMZN 2.64% 73,257 $17M $230.82 $93K -3,329 -4.3%
7 FSLR 2.61% 64,059 $17M $261.23 $1M -5,754 -8.2%
8 QCOM 2.57% 96,107 $16M $171.05 $392K -350 -0.4%
9 OKE 2.37% 206,515 $15M $73.50 $1M +14,888 +7.8%
10 GOOGL 2.31% 47,283 $15M $313.00 $1M -9,070 -16.1%
11 NEE 2.30% 183,320 $15M $80.28 $913K +465 +0.2%
12 PANW 2.28% 79,334 $15M $184.20 -$1M +2,374 +3.1%
13 LOW 2.07% 54,958 $13M $241.16 -$276K +1,121 +2.1%
14 USB 1.93% 231,758 $12M $53.36 $1M -427 -0.2%
15 CLF 1.88% 907,330 $12M $13.28 -$189K -95,775 -9.6%
16 GOOG 1.87% 38,286 $12M $313.80 $2M -2,882 -7.0%
17 CMI 1.81% 22,664 $12M $510.45 $1M -1,585 -6.5%
18 IQV 1.69% 48,019 $11M $225.41 $2M -879 -1.8%
19 IBM 1.58% 34,119 $10M $296.21 $325K -548 -1.6%
20 COST 1.51% 11,200 $10M $862.38 -$123K +633 +6.0%
21 ABT 1.50% 76,500 $10M $125.29 -$1M -3,454 -4.3%
22 PRU 1.42% 80,330 $9M $112.88 $1M +5,347 +7.1%
23 URI 1.36% 10,749 $9M $809.32 -$1M +282 +2.7%
24 BSJS 1.30% 379,636 $8M $22.00 $216K +11,158 +3.0%
25 LH 1.28% 32,789 $8M $250.88 -$799K +1,350 +4.3%
26 BX 1.26% 52,492 $8M $154.14 $649K +8,932 +20.5%
27 BSJR 1.24% 352,387 $8M $22.61 $117K +7,088 +2.0%
28 BSJT 1.22% 362,072 $8M $21.51 $94K +5,352 +1.5%
29 LHX 1.19% 25,899 $8M $293.57 -$410K -337 -1.3%
30 PWR 1.14% 17,373 $7M $422.06 $343K +508 +3.0%
31 J 1.14% 55,203 $7M $132.46 -$32K +6,196 +12.6%
32 EXPE 1.10% 24,797 $7M $283.31 $1M -1,452 -5.5%
33 BSJQ 1.10% 300,632 $7M $23.34 -$268K -10,607 -3.4%
34 LLY 1.02% 6,086 $7M $1,074.68 $2M -156 -2.5%
35 BSCS 1.02% 316,637 $7M $20.60 $251K +11,723 +3.8%
36 AMD 0.99% 29,615 $6M $214.16 $1M -1,481 -4.8%
37 BSJU 0.99% 242,794 $6M $26.11 $625K +24,393 +11.2%
38 WSM 0.98% 35,133 $6M $178.59 $71K +3,393 +10.7%
39 DHR 0.97% 27,190 $6M $228.92 $1M +1,448 +5.6%
40 DCI 0.95% 68,802 $6M $88.66 -$176K -7,870 -10.3%
41 XYL 0.92% 43,420 $6M $136.18 -$479K +88 +0.2%
42 BSCT 0.90% 307,038 $6M $18.84 $374K +19,476 +6.8%
43 JNJ 0.89% 27,564 $6M $206.95 $513K -435 -1.6%
44 BSCR 0.87% 283,194 $6M $19.74 $534K +26,638 +10.4%
45 IVV 0.86% 8,024 $5M $684.94 $3M +5,020 +167.1%
46 AMAT 0.83% 20,593 $5M $256.99 $992K -411 -2.0%
47 HASI 0.81% 165,957 $5M $31.43 $194K +2,380 +1.4%
48 ETN 0.79% 15,840 $5M $318.51 $199K +2,890 +22.3%
49 FDX 0.78% 17,252 $5M $288.86 $931K +65 +0.4%
50 AWK 0.77% 37,643 $5M $130.50 -$1M -7,397 -16.4%
51 HON 0.74% 24,298 $5M $195.09 $428K +3,810 +18.6%
52 ROP 0.73% 10,535 $5M $445.13 -$569K -10 -0.1%
53 BDX 0.72% 23,937 $5M $194.07 -$552K -3,830 -13.8%
54 CRM 0.72% 17,394 $5M $264.91 $2M +7,871 +82.7%
55 CSCO 0.71% 59,443 $5M $77.03 $506K -80 -0.1%
56 ABBV 0.70% 19,507 $4M $228.49 -$2M -6,522 -25.1%
57 KMI 0.64% 150,285 $4M $27.49 $546K +23,630 +18.7%
58 UBER 0.63% 49,331 $4M $81.71 $1M +21,813 +79.3%
59 BSCU 0.62% 234,944 $4M $16.92 $522K +30,602 +15.0%
60 GE 0.62% 12,853 $4M $308.03 $72K -68 -0.5%
61 BSCQ 0.60% 196,655 $4M $19.58 $82K +4,022 +2.1%
62 WY 0.58% 158,161 $4M $23.69 -$619K -17,947 -10.2%
63 GEV 0.58% 5,672 $4M $653.57 $261K +67 +1.2%
64 TTEK 0.54% 102,422 $3M $33.54 $706K +20,662 +25.3%
65 ZTS 0.44% 22,239 $3M $125.82 -$604K -1,014 -4.4%
66 MRVL 0.40% 30,106 $3M $84.98 $621K +7,056 +30.6%
67 KLAC 0.38% 2,000 $2M $1,215.08 $273K
68 CVX 0.36% 15,302 $2M $152.41 $84K +823 +5.7%
69 BRK-B 0.35% 4,510 $2M $502.65 $16K +33 +0.7%
70 JEPI 0.35% 39,101 $2M $57.24 -$169K -3,056 -7.2%
71 ULTA 0.34% 3,644 $2M $605.01 -$783K -1,821 -33.3%
72 PFE 0.34% 86,545 $2M $24.90 $364K +16,245 +23.1%
73 GLW 0.33% 24,161 $2M $87.56 -$109K -2,963 -10.9%
74 PNW 0.32% 23,135 $2M $88.70 -$58K -400 -1.7%
75 FI 0.32% 30,407 $2M $67.17 -$6M -33,994 -52.8%
76 DE 0.30% 4,099 $2M $465.57 -$771K -1,761 -30.1%
77 BSJV 0.28% 68,348 $2M $26.70 $1M +44,023 +181.0%
78 BEP 0.28% 66,045 $2M $26.97 $143K +2,508 +4.0%
79 KMB 0.26% 16,305 $2M $100.89 +16,305 NEW
80 NFLX 0.25% 17,160 $2M $93.76 -$143K +15,699 +1074.5%
81 BSCV 0.24% 91,362 $2M $16.70 $557K +33,315 +57.4%
82 EQAL 0.22% 26,785 $1M $52.64 $37K +376 +1.4%
83 EWBC 0.19% 10,685 $1M $112.39 $22K -390 -3.5%
84 T 0.18% 45,729 $1M $24.84 -$134K +750 +1.7%
85 F-PD 0.17% 82,295 $1M $13.12 $92K -250 -0.3%
86 TNC 0.16% 14,300 $1M $73.70 -$524K -5,170 -26.6%
87 WDAY 0.15% 4,615 $991K $214.78 $291K +1,705 +58.6%
88 DRI 0.15% 5,125 $943K $184.02 $128K +845 +19.7%
89 SHW 0.14% 2,788 $903K $324.03 $247K +893 +47.1%
90 EMR 0.14% 6,742 $895K $132.72 $46K +275 +4.2%
91 CLH 0.14% 3,810 $893K $234.48 -$29K -160 -4.0%
92 EIX 0.13% 13,700 $822K $60.02 $207K +2,565 +23.0%
93 IAU 0.12% 9,532 $774K $81.17 $67K -185 -1.9%
94 BMY 0.12% 14,122 $762K $53.94 -$100K -4,987 -26.1%
95 LMNR 0.12% 60,010 $758K $12.62 -$134K
96 RSPT 0.10% 14,667 $667K $45.51 $22K +198 +1.4%
97 GSLC 0.10% 5,017 $664K $132.37 $174K +1,257 +33.4%
98 CRSP 0.10% 12,600 $661K $52.44 -$88K +1,040 +9.0%
99 TSLA 0.09% 1,352 $608K $449.72 -$16K -52 -3.7%
100 THO 0.09% 5,785 $594K $102.67 -$55K -474 -7.6%

Options Breakdown

0 Calls $0 Call Value 3 Puts $12M Put Value

Top Puts

SymbolSharesValueStatus
KMB 16,700 $8M NEW
KLAC 2,000 $2M NEW
CMF 4,000 $1M NEW

New Positions

SymbolValue% Port
KMB $2M 0.26%
VEU $428K 0.07%
ISRG $336K 0.05%
BND $325K 0.05%
IEFA $243K 0.04%
MSB $213K 0.03%

Sold Out Positions

SymbolValue% Port
VEEV —%
SYY —%
INVZ —%
IBIT —%
JPST —%
XEL —%
PLTR —%
ORCL —%
BSCP —%
BSJP —%
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