A. D. Beadell Investment Counsel, Inc.

In its 13F for Q2 2026 (holdings as of June 30, 2026, filed July 15, 2026), A. D. Beadell Investment Counsel, Inc. reported 103 stock positions worth $155.8 million. Its top holding was Taiwan Semiconductor-SP ADR (TSM) at 6.4% of the portfolio, followed by VanEck Gold Miners ETF (3.8%) and Enterprise Products Partners (EPD, 3.6%). Compared with Q1 2026, it opened 6 new positions, sold out of 2, added to 16 and reduced 54. The biggest buy was a new position in Vistra (VST) and the biggest sale Primoris Services (PRIM, shares −3%).

Most Recent 13F
Q2 2026
Location
MEQUON, WI
CIK
0001569102
Portfolio Value
$155.8M (Q2 2026)
SEC Filing
0001569102-26-000004 ↗ filed Jul 15, 2026

Holdings Value

0$50.0M$100.0M$150.0M$200.0M Q1 2024: $114.5M Q1 2024 Q2 2024: $119.6M Q2 2024 Q3 2024: $125.2M Q3 2024 Q4 2024: $123.4M Q4 2024 Q1 2025: $119.9M Q1 2025 Q2 2025: $130.7M Q2 2025 Q3 2025: $146.6M Q3 2025 Q4 2025: $153.7M Q4 2025 Q1 2026: $156.3M Q1 2026 Q2 2026: $155.8M $155.8M Q2 2026

Holdings 103 stocks · $155.8M
TSM Taiwan Semiconductor-SP ADR 6.40% 20,868 $10.0M Reduce -5.4%
VanEck Gold Miners ETF 3.77% 77,842 $5.9M Reduce -1.7%
EPD Enterprise Products Partners 3.62% 153,310 $5.6M Reduce -1.0%
PRIM Primoris Services Corp. 3.24% 51,000 $5.1M Reduce -2.5%
GOOGL Alphabet Inc. Class A 2.83% 12,355 $4.4M Reduce -3.7%
KMI Kinder Morgan Inc. 2.78% 135,420 $4.3M Reduce -6.8%
PBA Pembina Pipeline Corp. 2.56% 86,205 $4.0M Reduce -0.1%
PAGP Plains GP Hldgs L P 2.50% 160,675 $3.9M Reduce -0.9%
MRK Merck & Co. Inc. 2.45% 29,714 $3.8M Reduce -1.0%
RTX RTX Corp. 2.43% 19,970 $3.8M Reduce -2.1%
APD Air Products & Chemicals Inc. 2.23% 11,847 $3.5M Reduce -0.8%
AMZN Amazon.com Inc. 2.23% 14,550 $3.5M Reduce -1.0%
BEPC Brookfield Renewable Cor-A 2.15% 90,260 $3.4M Reduce -1.0%
ABT Abbott Laboratories 2.03% 34,819 $3.2M Add +28.5%
WTRG Essential Utilities Inc. 1.97% 80,220 $3.1M Add +4.5%
B Barrick Mining Corp. 1.96% 83,180 $3.1M Reduce -0.3%
PWR Quanta Services Inc. 1.87% 4,058 $2.9M Reduce -15.7%
AAPL Apple Inc. 1.82% 9,817 $2.8M Reduce -2.4%
SRE Sempra 1.71% 28,695 $2.7M Reduce -1.6%
MDT Medtronic PLC 1.69% 33,630 $2.6M Add +13.1%
PHYS Sprott Physical Gold Trust 1.66% 85,583 $2.6M Reduce -1.9%
SGOL Abrdn Physical Gold Shares 1.64% 66,975 $2.6M Reduce -0.5%
J Jacobs Solutions Inc. 1.64% 20,290 $2.6M Add +28.5%
CB Chubb Ltd. 1.60% 7,320 $2.5M Reduce -1.4%
MS Morgan Stanley 1.56% 11,655 $2.4M Reduce -20.3%
ENB Enbridge Inc. 1.47% 42,224 $2.3M Reduce -1.1%
LMT Lockheed Martin Corp. 1.46% 4,470 $2.3M Reduce -1.5%
MSFT Microsoft Corp. 1.37% 5,710 $2.1M Reduce -2.1%
PROSHARES SHORT S&P500 1.35% 63,625 $2.1M Reduce -6.2%
VCSH Vanguard S/T Corp. Bond ETF 1.24% 24,358 $1.9M Add +5.9%
BDX Becton Dickinson and Co. 1.18% 12,111 $1.8M Reduce -5.1%
POR Portland General Electric Co. 1.09% 32,745 $1.7M Reduce -0.9%
IGSB iShares 1-5Y Inv Grade Corp. 1.04% 30,975 $1.6M Add +2.9%
NVO Novo-Nordisk A/S-Spons ADR 1.03% 33,438 $1.6M Reduce -1.2%
VTEI Vanguard Int Tax-Exempt Bond 0.94% 14,475 $1.5M Add +4.7%
JNJ Johnson & Johnson 0.93% 5,680 $1.4M Reduce -2.1%
PEP Pepsico Inc. 0.92% 10,639 $1.4M Reduce -0.9%
RGLD Royal Gold Inc. 0.91% 7,141 $1.4M Reduce -1.9%
NFG National Fuel Gas Co. 0.89% 17,890 $1.4M Add +322.4%
VST Vistra Corp. 0.85% 8,400 $1.3M New
AZN Astrazeneca PLC-Spons ADR 0.85% 6,975 $1.3M No change
XLC SS Comm Select Sector SPDR 0.81% 11,780 $1.3M No change
IFF Intl Flavors & Fragrances filed as INTERNATIONAL FLAVORS&FRAGRA 0.77% 15,245 $1.2M Add +2.2%
SYK Stryker Corp. 0.77% 3,820 $1.2M No change
CEF Sprott Physical Gold & Silver 0.76% 29,475 $1.2M Reduce -3.6%
LH Laboratory CRP of Amer Hldgs filed as LABCORP HOLDINGS INC. 0.76% 4,219 $1.2M Reduce -2.9%
CVX Chevron Corp. 0.74% 6,919 $1.1M No change
EMA Emera Inc. 0.71% 21,005 $1.1M Reduce -5.0%
JPM JPMorgan Chase & Co. 0.66% 3,122 $1.0M Reduce -3.1%
GLD SPDR Gold Shares 0.64% 2,715 $1.0M Reduce -0.6%
AVGO Broadcom Inc. 0.60% 2,474 $934K No change
UNP Union Pacific Corp. 0.58% 3,328 $905K Reduce -2.9%
AEP American Electric Power 0.57% 6,485 $887K Reduce -4.1%
NOC Northrop Grumman Corp. 0.57% 1,742 $887K Reduce -0.3%
MDLZ Mondelez International Inc. Class A 0.56% 15,106 $873K Reduce -0.8%
SYY Sysco Corp. 0.55% 10,347 $864K Reduce -2.8%
ALERIAN MLP ETF 0.55% 16,530 $857K Add +31.2%
FCX Freeport-McMoran Inc. 0.54% 13,485 $848K No change
ORI Old Republic Intl Corp. 0.50% 19,145 $783K Reduce -3.0%
PFE Pfizer Inc. 0.48% 30,875 $743K Reduce -38.6%
ETR Entergy Corp. 0.45% 6,125 $703K Reduce -8.9%
NVDA Nvidia Corp. 0.45% 3,485 $697K Add +2.4%
XIFR XPLR Infrastructure LP 0.44% 58,085 $685K Reduce -2.4%
ECL Ecolab Inc. 0.42% 2,375 $661K No change
KO The Coca-Cola Co. 0.42% 8,045 $653K Reduce -3.9%
SHY iShares 1-3 Year Treasury Bo 0.39% 7,462 $612K Add +5.2%
DELL Dell Technologies -C 0.35% 1,270 $547K Reduce -59.7%
GOOG Alphabet Inc. Class C 0.35% 1,545 $545K Reduce -1.6%
D Dominion Energy Inc. 0.32% 7,365 $502K No change
SKM SK Telecom Co. Ltd.-Spon ADR 0.30% 14,502 $466K No change
VG Venture Global Inc. Class A 0.29% 41,300 $459K New
JAAA Janus Henderson Aaa Clo ETF 0.29% 8,890 $448K Reduce -0.1%
BSV Vanguard Short-Term Bond ETF 0.28% 5,614 $437K Reduce -7.4%
COLD Americold Realty Trust Inc. 0.27% 27,250 $428K Reduce -0.3%
MSOS Advisorshares Pure US Cann 0.27% 82,400 $418K No change
AEM Agnico Eagle Mines Ltd. 0.27% 2,700 $418K Reduce -36.8%
HACK Amplify Cybersecurity ETF 0.26% 3,935 $412K Add +1.2%
XLK SS Technology Select Sector 0.23% 1,900 $361K No change
NFLX Netflix Inc. 0.22% 4,902 $350K No change
NEE Nextera Energy Inc. 0.22% 3,890 $341K No change
WMT Walmart Inc. 0.22% 3,000 $339K No change
ANET Arista Networks Inc. 0.21% 1,901 $322K No change
TRANSCANADA CORP COM filed as TC Energy Corp 0.19% 4,510 $298K No change
WAT Waters Corp. 0.19% 797 $298K No change
JBS JBS NV-A 0.18% 23,900 $283K New
NOW ServiceNow Inc. 0.18% 2,818 $279K Add +2.9%
XOM Exxon Mobil Corp. 0.18% 2,000 $273K No change
AES AES Corp. 0.17% 18,600 $272K Reduce -73.8%
IAU iShares Gold Trust 0.17% 3,600 $271K No change
C Citigroup Inc. 0.17% 1,865 $261K Reduce -3.9%
META Meta Platforms Inc. Class A 0.16% 455 $256K New
MLPX Global X MLP & Energy Infras 0.16% 3,467 $255K No change
WM Waste Management Inc. 0.16% 1,125 $250K No change
NTRS Northern Trust Corp. 0.16% 1,400 $243K New
PLD Prologis Inc. 0.15% 1,751 $237K No change
BEP Brookfield Renewable Partner 0.15% 6,788 $235K No change
BAC Bank of America Corp. 0.15% 4,000 $227K New
VHT Vanguard Health Care ETF 0.15% 760 $227K No change
DUK Duke Energy Corp. 0.13% 1,599 $202K Add +0.6%
AMBP Ardagh Metal Packaging SA 0.11% 37,800 $179K No change

Show all 103 holdings

Other holdings (1): bonds, preferreds, convertibles and warrants · $424K (not counted above)
SecurityClassShares / PrincipalValueChange
RLJ LODGING TRUST (RLJ 1.95 PERP A) CUM CONV PFD A 17,325$424KAdd +37.5%

Total filed on the 13F, all lines: $156.2M.

Portfolio Sells Q1 2026 → Q2 2026
PRIM Primoris Services Corp. Reduce -2.5% 3.24% −1.54
VanEck Gold Miners ETF Reduce -1.7% 3.77% −0.88
AES AES Corp. Reduce -73.8% 0.17% −0.46
PFE Pfizer Inc. Reduce -38.6% 0.48% −0.43
KMI Kinder Morgan Inc. Reduce -6.8% 2.78% −0.34
PHYS Sprott Physical Gold Trust Reduce -1.9% 1.66% −0.32
PROSHARES SHORT S&P500 Reduce -6.2% 1.35% −0.30
LMT Lockheed Martin Corp. Reduce -1.5% 1.46% −0.29
BTI British American Tob-SP ADR Sold out 0.00% −0.29
AEM Agnico Eagle Mines Ltd. Reduce -36.8% 0.27% −0.29
SGOL Abrdn Physical Gold Shares Reduce -0.5% 1.64% −0.28
RGLD Royal Gold Inc. Reduce -1.9% 0.91% −0.27
B Barrick Mining Corp. Reduce -0.3% 1.96% −0.22
NOC Northrop Grumman Corp. Reduce -0.3% 0.57% −0.19
CEF Sprott Physical Gold & Silver Reduce -3.6% 0.76% −0.17
BEPC Brookfield Renewable Cor-A Reduce -1.0% 2.15% −0.17
PEP Pepsico Inc. Reduce -0.9% 0.92% −0.14
EPD Enterprise Products Partners Reduce -1.0% 3.62% −0.13
COR Cencora Inc. Sold out 0.00% −0.13
GLD SPDR Gold Shares Reduce -0.6% 0.64% −0.11
BDX Becton Dickinson and Co. Reduce -5.1% 1.18% −0.11
SRE Sempra Reduce -1.6% 1.71% −0.11
RTX RTX Corp. Reduce -2.1% 2.43% −0.09
ETR Entergy Corp. Reduce -8.9% 0.45% −0.03
POR Portland General Electric Co. Reduce -0.9% 1.09% −0.03
BSV Vanguard Short-Term Bond ETF Reduce -7.4% 0.28% −0.02
EMA Emera Inc. Reduce -5.0% 0.71% −0.02
PAGP Plains GP Hldgs L P Reduce -0.9% 2.50% −0.01
MSFT Microsoft Corp. Reduce -2.1% 1.37% −0.01
ENB Enbridge Inc. Reduce -1.1% 1.47% −0.01
ORI Old Republic Intl Corp. Reduce -3.0% 0.50% −0.00
MDLZ Mondelez International Inc. Class A Reduce -0.8% 0.56% −0.00
JAAA Janus Henderson Aaa Clo ETF Reduce -0.1% 0.29% +0.00
AEP American Electric Power Reduce -4.1% 0.57% +0.00
APD Air Products & Chemicals Inc. Reduce -0.8% 2.23% +0.01
KO The Coca-Cola Co. Reduce -3.9% 0.42% +0.01
LH Laboratory CRP of Amer Hldgs Reduce -2.9% 0.76% +0.02
JNJ Johnson & Johnson Reduce -2.1% 0.93% +0.02
DELL Dell Technologies -C Reduce -59.7% 0.35% +0.02
MS Morgan Stanley Reduce -20.3% 1.56% +0.02
C Citigroup Inc. Reduce -3.9% 0.17% +0.03
XIFR XPLR Infrastructure LP Reduce -2.4% 0.44% +0.04
UNP Union Pacific Corp. Reduce -2.9% 0.58% +0.05
JPM JPMorgan Chase & Co. Reduce -3.1% 0.66% +0.05
CB Chubb Ltd. Reduce -1.4% 1.60% +0.05
GOOG Alphabet Inc. Class C Reduce -1.6% 0.35% +0.06
SYY Sysco Corp. Reduce -2.8% 0.55% +0.07
COLD Americold Realty Trust Inc. Reduce -0.3% 0.27% +0.07
PBA Pembina Pipeline Corp. Reduce -0.1% 2.56% +0.09
MRK Merck & Co. Inc. Reduce -1.0% 2.45% +0.14

Portfolio Buys Q1 2026 → Q2 2026
VST Vistra Corp. New 0.85% +0.85
NFG National Fuel Gas Co. Add +322.4% 0.89% +0.63
J Jacobs Solutions Inc. Add +28.5% 1.64% +0.36
VG Venture Global Inc. Class A New 0.29% +0.29
ABT Abbott Laboratories Add +28.5% 2.03% +0.25
JBS JBS NV-A New 0.18% +0.18
META Meta Platforms Inc. Class A New 0.16% +0.16
NTRS Northern Trust Corp. New 0.16% +0.16
BAC Bank of America Corp. New 0.15% +0.15
ALERIAN MLP ETF Add +31.2% 0.55% +0.13
IFF Intl Flavors & Fragrances Add +2.2% 0.77% +0.08
HACK Amplify Cybersecurity ETF Add +1.2% 0.26% +0.08
VCSH Vanguard S/T Corp. Bond ETF Add +5.9% 1.24% +0.07
NVDA Nvidia Corp. Add +2.4% 0.45% +0.07
VTEI Vanguard Int Tax-Exempt Bond Add +4.7% 0.94% +0.05
MDT Medtronic PLC Add +13.1% 1.69% +0.04
IGSB iShares 1-5Y Inv Grade Corp. Add +2.9% 1.04% +0.03
SHY iShares 1-3 Year Treasury Bo Add +5.2% 0.39% +0.02
ORBS Eightco Holdings Inc. Add +261.6% 0.02% +0.01
DUK Duke Energy Corp. Add +0.6% 0.13% −0.00
NOW ServiceNow Inc. Add +2.9% 0.18% −0.00
WTRG Essential Utilities Inc. Add +4.5% 1.97% −0.01

Notes & Other Activity Q1 2026 → Q2 2026
RLJ LODGING TRUST (RLJ 1.95 PERP A) CUM CONV PFD A Add +37.5% 17,325 $424K

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 103$155.8MTSM, VanEck Gold Miners ETF, EPD, PRIM, GOOGL
Q1 2026 99$156.3MPRIM, TSM, VanEck Gold Miners ETF, EPD, KMI
Q4 2025 98$153.7MVanEck Gold Miners ETF, TSM, PRIM, EPD, KMI
Q3 2025 90$146.6MPRIM, TSM, VanEck Gold Miners ETF, EPD, KMI
Q2 2025 88$130.7MTSM, PRIM, VanEck Gold Miners ETF, EPD, KMI
Q1 2025 84$119.9MTSM, EPD, VanEck Gold Miners ETF, PRIM, KMI
Q4 2024 88$123.4MTSM, PRIM, EPD, KMI, APD
Q3 2024 85$125.2MTSM, PRIM, EPD, VanEck Gold Miners ETF, APD
Q2 2024 83$119.6MTSM, PRIM, EPD, MRK, PAGP
Q1 2024 74$114.5MTSM, PRIM, EPD, MRK, PAGP