SFE Investment Counsel

CIK

1317784

Location

LOS ANGELES, CA

Portfolio Value

Small $532,037,288

Diversification

Diversified

Filing Date

Global Rank

#2,508 / 8,603 ▲ 20 · as of Mar 2026

Top Industry

Semiconductors 12.8%

3Y Alpha vs SPY

-1.6%

Period ended 3 months ago

Filed May 1, 2026 · 2mo

25 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+69.3%

SPY

+76.5%

Annualised alpha

-1.7%

Max drawdown

−20.5%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

110 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

4.5%

−0.4 pts

Top 5

19.5%

−1.3 pts

Top 10

33.9%

−1.6 pts

HHI

207

Diversified−13

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Technology	33.0%	$175,430,771	26
Industrials	16.9%	$89,933,283	21
Healthcare	11.4%	$60,823,827	15
Financial Services	10.7%	$57,011,330	12
Consumer Cyclical	8.2%	$43,666,787	11
Energy	5.7%	$30,211,106	3
Utilities	4.9%	$26,151,035	5
Communication Services	3.1%	$16,627,113	4
Consumer Defensive	3.0%	$16,136,997	5
Basic Materials	1.6%	$8,617,644	2
Real Estate	1.0%	$5,106,871	1
Unclassified	0.4%	$2,320,524	5

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
WY	Weyerhaeuser Co	+50,880	209,041	$5,106,871
TTEK	Tetra Tech Inc	+45,009	147,431	$4,440,621
MRVL	Marvell Technology, Inc.	+26,753	56,859	$5,631,883
UBER	Uber Technologies, Inc	+24,057	73,388	$5,278,798
CVX	Chevron Corp	+16,560	31,862	$6,592,247
BX	Blackstone Inc.	+14,208	66,700	$7,669,833
J	Jacobs Solutions Inc.	+12,444	67,647	$8,610,110
DHR	Danaher Corp /De/	+8,930	36,120	$6,848,352
AMZN	Amazon Com Inc	+6,385	79,642	$16,587,039
WSM	Williams Sonoma Inc	+5,683	40,816	$7,441,981
AVGO	Broadcom Inc.	+5,431	57,940	$17,933,009
PRU	Prudential Financial Inc	+5,355	85,685	$8,370,567
ABT	Abbott Laboratories	+5,238	81,738	$8,392,040
PANW	Palo Alto Networks Inc	+5,212	84,546	$13,554,414
PFE	Pfizer Inc	+5,010	91,555	$2,570,864
QCOM	Qualcomm Inc/De	+4,875	100,982	$13,004,461
ETN	Eaton Corp plc	+4,169	20,009	$7,156,619
IQV	Iqvia Holdings Inc.	+3,903	51,922	$8,854,777
KMB	Kimberly Clark Corp	+3,625	36,630	$3,533,696
MSFT	Microsoft Corp	+2,288	57,256	$21,194,453
PWR	Quanta Services, Inc.	+1,811	19,184	$10,532,399
ZTS	Zoetis Inc.	+1,642	23,881	$2,822,973
KMI	Kinder Morgan, Inc.	+1,530	151,815	$5,090,356
AMD	Advanced Micro Devices Inc	+1,523	31,138	$6,334,403
CRSP	CRISPR Therapeutics AG	+1,520	14,120	$671,688
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
FISV	Fiserv Inc	−21,122	9,285	$518,103
EXPE	Expedia Group, Inc.	−12,244	12,553	$2,898,362
QUIK	QUICKLOGIC Corp	−11,862	18,000	$168,840
CLF	Cleveland-Cliffs Inc.	−11,841	895,489	$7,566,882
NEE	Nextera Energy Inc	−8,414	174,906	$16,245,269
USB	US Bancorp De	−8,108	223,650	$11,632,036
HASI	HA Sustainable Infrastructure Capital, Inc.	−7,320	158,637	$5,829,909
BDX	Becton Dickinson & Co	−6,800	17,137	$2,694,450
FDX	Fedex Corp	−6,049	11,203	$3,215,378
AWK	American Water Works Company, Inc.	−5,553	32,090	$4,367,128
CMI	Cummins Inc	−3,311	19,353	$10,412,301
DE	Deere & Co	−3,265	834	$469,792
ULTA	Ulta Beauty, Inc.	−3,049	595	$311,012
DCI	DONALDSON Co INC	−3,019	65,783	$5,583,003
CRM	Salesforce, Inc.	−2,801	14,593	$2,724,075
LHX	L3harris Technologies, Inc. /De/	−2,227	23,672	$8,170,390
WDAY	Workday, Inc.	−2,180	2,435	$316,355
GLW	Corning Inc /Ny	−1,975	22,186	$3,016,630
BMY	Bristol Myers Squibb Co	−1,910	12,212	$740,657
F	Ford Motor Co	−1,770	80,525	$929,258
GOOGL	Alphabet Inc.	−1,683	45,600	$13,112,736
T	At&T Inc.	−1,600	44,129	$1,279,299
THO	Thor Industries Inc	−1,550	4,235	$338,334
OKE	Oneok Inc /New/	−1,531	204,984	$18,528,503
AMAT	Applied Materials Inc /De	−1,336	19,257	$6,581,850
No positions match the current search.

New Positions

Positions the filer opened this quarter

6 positions

Ticker	Company	Shares	Value
NOW	ServiceNow, Inc.	26,901	$2,812,499
CRCL	Circle Internet Group, Inc.	18,986	$1,811,454
AZN	Astrazeneca PLC	7,826	$1,543,443
WAT	Waters Corp /De/	1,913	$569,691
MELI	Mercadolibre Inc	210	$363,094
DVLT	Datavault AI Inc.	14,500	$8,990
No positions match the current search.

Sold Out

Positions the filer fully exited

5 positions

Ticker	Company	Shares	Value
V	Visa Inc.	685	$240,236
BN	BROOKFIELD Corp /ON/	4,993	$229,128
HD	Home Depot, Inc.	627	$215,750
MSB	Mesabi Trust	5,540	$213,400
BKNG	Booking Holdings Inc.	40	$8,568
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

110 positions · $532,037,288 total · as of Mar 31, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 110 positions by value · page 1 of 3

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
NVDA	Nvidia Corp Technology	Added	136,385	+766	$23,785,544	−6.0%	4.47%
AAPL	Apple Inc. Technology	Reduced	86,876	-121	$22,048,260	−6.8%	4.14%
MSFT	Microsoft Corp Technology	Added	57,256	+2,288	$21,194,453	−20.3%	3.98%
OKE	Oneok Inc /New/ Energy	Reduced	204,984	-1,531	$18,528,503	+22.1%	3.48%
AVGO	Broadcom Inc. Technology	Added	57,940	+5,431	$17,933,009	−1.3%	3.37%
JPM	Jpmorgan Chase & Co Financial Services	Reduced	59,557	-1,221	$17,519,287	−10.5%	3.29%
AMZN	Amazon Com Inc Consumer Cyclical	Added	79,642	+6,385	$16,587,039	−1.9%	3.12%
NEE	Nextera Energy Inc Utilities	Reduced	174,906	-8,414	$16,245,269	+10.4%	3.05%
PANW	Palo Alto Networks Inc Technology	Added	84,546	+5,212	$13,554,414	−7.2%	2.55%
GOOGL	Alphabet Inc. Communication Services	Reduced	45,600	-1,683	$13,112,736	−11.4%	2.46%
QCOM	Qualcomm Inc/De Technology	Added	100,982	+4,875	$13,004,461	−20.9%	2.44%
LOW	Lowes Companies Inc Consumer Cyclical	Reduced	54,553	-405	$12,889,782	−2.7%	2.42%
FSLR	First Solar, Inc. Technology	Reduced	63,292	-767	$12,484,979	−25.4%	2.35%
USB	US Bancorp De Financial Services	Reduced	223,650	-8,108	$11,632,036	−5.9%	2.19%
COST	Costco Wholesale Corp /New Consumer Defensive	Reduced	11,177	-23	$11,137,098	+15.3%	2.09%
PWR	Quanta Services, Inc. Industrials	Added	19,184	+1,811	$10,532,399	+43.6%	1.98%
CMI	Cummins Inc Industrials	Reduced	19,353	-3,311	$10,412,301	−10.0%	1.96%
IQV	Iqvia Holdings Inc. Healthcare	Added	51,922	+3,903	$8,854,777	−18.2%	1.66%
LH	Labcorp Holdings Inc. Healthcare	Added	32,924	+135	$8,784,452	+6.8%	1.65%
J	Jacobs Solutions Inc. Industrials	Added	67,647	+12,444	$8,610,110	+17.8%	1.62%
IBM	International Business Machines Corp Technology	Added	34,693	+574	$8,409,236	−16.8%	1.58%
ABT	Abbott Laboratories Healthcare	Added	81,738	+5,238	$8,392,040	−12.4%	1.58%
PRU	Prudential Financial Inc Financial Services	Added	85,685	+5,355	$8,370,567	−7.7%	1.57%
LHX	L3harris Technologies, Inc. /De/ Industrials	Reduced	23,672	-2,227	$8,170,390	+7.5%	1.54%
URI	United Rentals, Inc. Industrials	Added	11,013	+264	$8,023,631	−7.8%	1.51%
BX	Blackstone Inc. Financial Services	Added	66,700	+14,208	$7,669,833	−5.2%	1.44%
CLF	Cleveland-Cliffs Inc. Basic Materials	Reduced	895,489	-11,841	$7,566,882	−37.2%	1.42%
WSM	Williams Sonoma Inc Consumer Cyclical	Added	40,816	+5,683	$7,441,981	+18.6%	1.40%
ETN	Eaton Corp plc Industrials	Added	20,009	+4,169	$7,156,619	+41.9%	1.35%
DHR	Danaher Corp /De/ Healthcare	Added	36,120	+8,930	$6,848,352	+10.0%	1.29%
CVX	Chevron Corp Energy	Added	31,862	+16,560	$6,592,247	+182.7%	1.24%
AMAT	Applied Materials Inc /De Technology	Reduced	19,257	-1,336	$6,581,850	+24.4%	1.24%
JNJ	Johnson & Johnson Healthcare	Reduced	26,557	-1,007	$6,491,593	+13.8%	1.22%
AMD	Advanced Micro Devices Inc Technology	Added	31,138	+1,523	$6,334,403	−0.1%	1.19%
HASI	HA Sustainable Infrastructure Capital, Inc. Financial Services	Reduced	158,637	-7,320	$5,829,909	+11.8%	1.10%
HON	Honeywell International Inc Industrials	Reduced	24,235	-63	$5,744,979	+15.6%	1.08%
MRVL	Marvell Technology, Inc. Technology	Added	56,859	+26,753	$5,631,883	+120.1%	1.06%
DCI	DONALDSON Co INC Industrials	Reduced	65,783	-3,019	$5,583,003	−8.5%	1.05%
LLY	ELI LILLY & Co Healthcare	Reduced	5,827	-259	$5,359,499	−18.1%	1.01%
UBER	Uber Technologies, Inc Technology	Added	73,388	+24,057	$5,278,798	+31.0%	0.99%
XYL	Xylem Inc. Industrials	Reduced	43,111	-309	$5,151,764	−12.9%	0.97%
WY	Weyerhaeuser Co Real Estate	Added	209,041	+50,880	$5,106,871	+36.3%	0.96%
KMI	Kinder Morgan, Inc. Energy	Added	151,815	+1,530	$5,090,356	+23.2%	0.96%
CSCO	Cisco Systems, Inc. Technology	Reduced	58,877	-566	$4,568,266	−0.2%	0.86%
TTEK	Tetra Tech Inc Industrials	Added	147,431	+45,009	$4,440,621	+29.3%	0.83%
GEV	GE Vernova Inc. Industrials	Reduced	5,005	-667	$4,368,864	+17.9%	0.82%
AWK	American Water Works Company, Inc. Utilities	Reduced	32,090	-5,553	$4,367,128	−11.1%	0.82%
ABBV	AbbVie Inc. Healthcare	Reduced	19,432	-75	$4,226,265	−5.2%	0.79%
ROP	Roper Technologies Inc Technology	Reduced	10,001	-534	$3,538,953	−24.5%	0.67%
KMB	Kimberly Clark Corp Consumer Defensive	Added	36,630	+3,625	$3,533,696	+6.1%	0.66%