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SFE Investment Counsel

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

Q1 2026 · Filed 2026-05-01
Market Value
$624M
-2.6%
Holdings
149
-3
New Purchases
7
Added To
57
Closed
9
Reduced
61
Top 10 Concentration
28.9%
Turnover
10.7%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
OKE 2.97% 2.37% +0.60% $19M
PWR 1.69% 1.14% +0.54% $11M
MRVL 0.90% 0.40% +0.50% $6M
NOW 0.45% 0.00% +0.45% $3M
ETN 1.15% 0.79% +0.36% $7M
KMB 0.57% 0.26% +0.31% $4M
NEE 2.60% 2.30% +0.31% $16M
IVV 1.16% 0.86% +0.31% $7M
CRCL 0.29% 0.00% +0.29% $2M
COST 1.78% 1.51% +0.28% $11M
J 1.38% 1.14% +0.24% $9M
WY 0.82% 0.58% +0.23% $5M
AMAT 1.05% 0.83% +0.23% $7M
UBER 0.85% 0.63% +0.22% $5M
WSM 1.19% 0.98% +0.21% $7M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
MSFT 3.40% 4.15% -0.75% $21M
CLF 1.21% 1.88% -0.67% $8M
EXPE 0.46% 1.10% -0.63% $3M
FSLR 2.00% 2.61% -0.61% $12M
QCOM 2.08% 2.57% -0.48% $13M
GOOG 1.54% 1.87% -0.34% $10M
ULTA 0.05% 0.34% -0.29% $311K
BDX 0.43% 0.72% -0.29% $3M
CRM 0.44% 0.72% -0.28% $3M
IQV 1.42% 1.69% -0.27% $9M
JPM 2.81% 3.06% -0.25% $18M
FI 0.08% 0.32% -0.24% $518K
IBM 1.35% 1.58% -0.23% $8M
DE 0.08% 0.30% -0.22% $470K
GOOGL 2.10% 2.31% -0.21% $13M

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 $237M 38.0%
Large Cap 74 $288M 46.1%
Mid Cap 19 $54M 8.6%
Small Cap 12 $35M 5.7%
Micro Cap 6 $10M 1.6%

Portfolio Analytics

Avg Market Cap
$348.5B
Median Market Cap
$76.4B
Avg P/E
39.0
Median P/E
28.0
Avg Dividend Yield
0.02%
Avg Beta
0.96
# Stocks
111
# ETFs / Funds
38

Top Holdings (149 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 NVDA 3.81% 136,385 $24M $174.40 -$2M +766 +0.6%
2 AAPL 3.53% 86,876 $22M $253.79 -$2M -121 -0.1%
3 MSFT 3.40% 57,256 $21M $370.17 -$5M +2,288 +4.2%
4 OKE 2.97% 204,984 $19M $90.39 $3M -1,531 -0.7%
5 AVGO 2.87% 57,940 $18M $309.51 -$241K +5,431 +10.3%
6 JPM 2.81% 59,557 $18M $294.16 -$2M -1,221 -2.0%
7 AMZN 2.66% 79,642 $17M $208.27 -$322K +6,385 +8.7%
8 NEE 2.60% 174,906 $16M $92.88 $2M -8,414 -4.6%
9 PANW 2.17% 84,546 $14M $160.32 -$1M +5,212 +6.6%
10 GOOGL 2.10% 45,600 $13M $287.56 -$2M -1,683 -3.6%
11 QCOM 2.08% 100,982 $13M $128.78 -$3M +4,875 +5.1%
12 LOW 2.06% 54,553 $13M $236.28 -$364K -405 -0.7%
13 FSLR 2.00% 63,292 $12M $197.26 -$4M -767 -1.2%
14 USB 1.86% 223,650 $12M $52.01 -$735K -8,108 -3.5%
15 COST 1.78% 11,177 $11M $996.39 $1M -23 -0.2%
16 PWR 1.69% 19,184 $11M $549.02 $3M +1,811 +10.4%
17 CMI 1.67% 19,353 $10M $538.02 -$1M -3,311 -14.6%
18 GOOG 1.54% 33,492 $10M $286.86 -$2M -4,794 -12.5%
19 IQV 1.42% 51,922 $9M $170.54 -$2M +3,903 +8.1%
20 LH 1.41% 32,924 $9M $266.81 $558K +135 +0.4%
21 J 1.38% 67,647 $9M $127.28 $1M +12,444 +22.5%
22 IBM 1.35% 34,693 $8M $242.39 -$2M +574 +1.7%
23 ABT 1.34% 81,738 $8M $102.67 -$1M +5,238 +6.8%
24 PRU 1.34% 85,685 $8M $97.69 -$697K +5,355 +6.7%
25 BSJS 1.33% 384,000 $8M $21.69 -$25K +4,364 +1.1%
26 LHX 1.31% 23,672 $8M $345.15 $567K -2,227 -8.6%
27 BSJR 1.29% 360,230 $8M $22.37 $87K +7,843 +2.2%
28 URI 1.29% 11,013 $8M $728.56 -$676K +264 +2.5%
29 BSJT 1.23% 366,124 $8M $21.04 -$87K +4,052 +1.1%
30 BX 1.23% 66,700 $8M $114.99 -$421K +14,208 +27.1%
31 CLF 1.21% 895,489 $8M $8.45 -$4M -11,841 -1.3%
32 WSM 1.19% 40,816 $7M $182.33 $1M +5,683 +16.2%
33 IVV 1.16% 11,114 $7M $653.21 $2M +3,090 +38.5%
34 ETN 1.15% 20,009 $7M $357.67 $2M +4,169 +26.3%
35 BSCS 1.11% 340,798 $7M $20.42 $437K +24,161 +7.6%
36 DHR 1.10% 36,120 $7M $189.60 $624K +8,930 +32.8%
37 AMAT 1.05% 19,257 $7M $341.79 $1M -1,336 -6.5%
38 JNJ 1.04% 26,557 $6M $244.44 $787K -1,007 -3.6%
39 BSJU 1.03% 250,489 $6M $25.59 $72K +7,695 +3.2%
40 AMD 1.01% 31,138 $6M $203.43 -$8K +1,523 +5.1%
41 BSJQ 0.99% 267,933 $6M $23.17 -$807K -32,699 -10.9%
42 BSCR 0.98% 311,240 $6M $19.63 $518K +28,046 +9.9%
43 BSCT 0.97% 324,359 $6M $18.66 $270K +17,321 +5.6%
44 HASI 0.93% 158,637 $6M $36.75 $614K -7,320 -4.4%
45 MRVL 0.90% 56,859 $6M $99.05 $3M +26,753 +88.9%
46 DCI 0.89% 65,783 $6M $84.87 -$517K -3,019 -4.4%
47 HON 0.88% 24,235 $5M $226.03 $738K -63 -0.3%
48 LLY 0.86% 5,827 $5M $919.77 -$1M -259 -4.3%
49 UBER 0.85% 73,388 $5M $71.93 $1M +24,057 +48.8%
50 XYL 0.83% 43,111 $5M $119.50 -$761K -309 -0.7%
51 WY 0.82% 209,041 $5M $24.43 $1M +50,880 +32.2%
52 KMI 0.82% 151,815 $5M $33.53 $959K +1,530 +1.0%
53 CSCO 0.73% 58,877 $5M $77.59 -$11K -566 -0.9%
54 TTEK 0.71% 147,431 $4M $30.12 $1M +45,009 +43.9%
55 GEV 0.70% 5,005 $4M $872.90 $662K -667 -11.8%
56 AWK 0.70% 32,090 $4M $136.09 -$545K -5,553 -14.8%
57 BSCU 0.69% 257,115 $4M $16.72 $323K +22,171 +9.4%
58 ABBV 0.68% 19,432 $4M $217.49 -$231K -75 -0.4%
59 FDX 0.64% 11,203 $4M $356.17 -$993K -6,049 -35.1%
60 ROP 0.57% 10,001 $4M $353.86 -$1M -534 -5.1%
61 KMB 0.57% 36,630 $4M $96.47 $2M +20,325 +124.7%
62 GE 0.55% 12,187 $3M $283.77 -$501K -666 -5.2%
63 BSCQ 0.55% 176,807 $3M $19.53 -$396K -19,848 -10.1%
64 CVX 0.50% 15,162 $3M $206.90 $805K -140 -0.9%
65 GLW 0.48% 22,186 $3M $135.97 $901K -1,975 -8.2%
66 KLAC 0.47% 2,000 $3M $1,472.41 $515K
67 EXPE 0.46% 12,553 $3M $230.89 -$4M -12,244 -49.4%
68 ZTS 0.45% 23,881 $3M $118.21 $25K +1,642 +7.4%
69 NOW 0.45% 26,901 $3M $104.55 +26,901 NEW
70 CRM 0.44% 14,593 $3M $186.67 -$2M -2,801 -16.1%
71 BDX 0.43% 17,137 $3M $157.23 -$2M -6,800 -28.4%
72 PFE 0.41% 91,555 $3M $28.08 $416K +5,010 +5.8%
73 BSJV 0.38% 91,804 $2M $26.00 $562K +23,456 +34.3%
74 PNW 0.37% 22,885 $2M $100.75 $254K -250 -1.1%
75 BEP 0.34% 65,845 $2M $32.64 $368K -200 -0.3%
76 BRK-B 0.34% 4,431 $2M $479.20 -$144K -79 -1.8%
77 BSCV 0.34% 127,603 $2M $16.46 $575K +36,241 +39.7%
78 JEPI 0.32% 35,302 $2M $56.68 -$237K -3,799 -9.7%
79 CRCL 0.29% 18,986 $2M $95.41 +18,986 NEW
80 NFLX 0.29% 18,539 $2M $96.15 $174K +1,379 +8.0%
81 EQAL 0.24% 27,265 $2M $55.10 $92K +480 +1.8%
82 T 0.20% 44,129 $1M $28.99 $143K -1,600 -3.5%
83 DRI 0.18% 5,785 $1M $196.04 $191K +660 +12.9%
84 EWBC 0.18% 10,335 $1M $106.76 -$98K -350 -3.3%
85 EIX 0.17% 14,810 $1M $73.18 $262K +1,110 +8.1%
86 CLH 0.17% 3,750 $1M $286.73 $182K -60 -1.6%
87 SHW 0.17% 3,278 $1M $320.55 $147K +490 +17.6%
88 F-PD 0.15% 80,525 $929K $11.54 -$150K -1,770 -2.1%
89 EMR 0.15% 7,024 $920K $131.02 $25K +282 +4.2%
90 TNC 0.14% 13,170 $874K $66.40 -$179K -1,130 -7.9%
91 LMNR 0.13% 60,010 $805K $13.42 $48K
92 IAU 0.13% 9,124 $804K $88.16 $31K -408 -4.3%
93 VRT 0.12% 3,052 $765K $250.58 $276K +32 +1.1%
94 AZN 0.12% 3,826 $755K $197.22 +3,826 NEW
95 BMY 0.12% 12,212 $741K $60.65 -$21K -1,910 -13.5%
96 VEU 0.11% 9,147 $687K $75.10 $259K +3,331 +57.3%
97 CRSP 0.11% 14,120 $672K $47.57 $11K +1,520 +12.1%
98 RSPT 0.10% 14,271 $646K $45.26 -$22K -396 -2.7%
99 NOC 0.10% 892 $609K $682.24 $100K
100 GSLC 0.10% 4,784 $599K $125.13 -$65K -233 -4.6%

Options Breakdown

0 Calls $0 Call Value 5 Puts $10M Put Value

Top Puts

SymbolSharesValueStatus
CVX 16,700 $6M NEW
KLAC 2,000 $3M
AZN 4,000 $1M NEW
KMB $0 SOLD
CMF $0 SOLD

New Positions

SymbolValue% Port
NOW $3M 0.45%
CRCL $2M 0.29%
AZN $755K 0.12%
WAT $570K 0.09%
MELI $363K 0.06%
XOM $232K 0.04%
DVLT $9K —%

Sold Out Positions

SymbolValue% Port
BN —%
HD —%
V —%
MSB —%
BKNG —%
BND —%
CMF —%
AGGY —%
IEFA —%
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