A. D. Beadell Investment Counsel, Inc.
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed April 12, 2024), A. D. Beadell Investment Counsel, Inc. reported 74 stock positions worth $114.5 million. Its top holding was Taiwan Semiconductor-SP ADR (TSM) at 4.5% of the portfolio, followed by Primoris Services (PRIM, 4.3%) and Enterprise Products Partners (EPD, 4.1%). Compared with Q4 2023, it opened 9 new positions, sold out of 5, added to 15 and reduced 33. The biggest buy was a new position in RTX (RTX) and the biggest sale an exit from FedEx (FDX).
- Most Recent 13F
- Q2 2026
- Location
- MEQUON, WI
- CIK
- 0001569102
- Portfolio Value
- $114.5M (Q1 2024)
- SEC Filing
- 0001569102-24-000002 ↗ filed Apr 12, 2024
Holdings Value
Holdings 74 stocks · $114.5M
| TSM Taiwan Semiconductor-SP ADR | 4.46% | 37,577 | $5.1M | Reduce -7.9% |
| PRIM Primoris Services Corp. | 4.33% | 116,395 | $5.0M | Reduce -4.5% |
| EPD Enterprise Products Partners | 4.12% | 161,635 | $4.7M | Reduce -5.8% |
| MRK Merck & Co. Inc. | 3.88% | 33,703 | $4.4M | Add +0.0% |
| PAGP Plains GP Hldgs L P | 3.35% | 210,490 | $3.8M | Reduce -1.7% |
| VanEck Gold Miners ETF | 3.16% | 114,384 | $3.6M | Add +15.2% |
| XIFR XPLR Infrastructure LP filed as NEXTERA ENERGY PARTNERS LP | 2.94% | 112,096 | $3.4M | Reduce -1.2% |
| ABT Abbott Laboratories | 2.65% | 26,750 | $3.0M | Reduce -11.8% |
| KMI Kinder Morgan Inc. | 2.64% | 165,080 | $3.0M | Reduce -10.0% |
| APD Air Products & Chemicals Inc. | 2.64% | 12,482 | $3.0M | Add +68.7% |
| PBA Pembina Pipeline Corp. | 2.59% | 83,881 | $3.0M | Add +32.2% |
| AMZN Amazon.com Inc. | 2.58% | 16,365 | $3.0M | Reduce -4.1% |
| BDX Becton Dickinson and Co. | 2.52% | 11,654 | $2.9M | Reduce -1.7% |
| MSFT Microsoft Corp. | 2.50% | 6,805 | $2.9M | Reduce -8.8% |
| MDT Medtronic PLC | 2.44% | 32,050 | $2.8M | Add +7.7% |
| GOOGL Alphabet Inc. Class A | 2.21% | 16,790 | $2.5M | Reduce -9.2% |
| J Jacobs Solutions Inc. | 2.13% | 15,895 | $2.4M | Reduce -1.9% |
| AAPL Apple Inc. | 2.07% | 13,809 | $2.4M | Reduce -4.5% |
| PEP Pepsico Inc. | 1.99% | 13,010 | $2.3M | No change |
| JPM JPMorgan Chase & Co. | 1.97% | 11,239 | $2.3M | Reduce -3.1% |
| RTX RTX Corp. | 1.95% | 22,850 | $2.2M | New |
| CB Chubb Ltd. | 1.92% | 8,485 | $2.2M | Reduce -0.6% |
| PHYS Sprott Physical Gold Trust | 1.78% | 117,534 | $2.0M | Reduce -0.3% |
| VCSH Vanguard S/T Corp. Bond ETF | 1.77% | 26,179 | $2.0M | Add +3.8% |
| CSCO Cisco Systems Inc. | 1.67% | 38,279 | $1.9M | Reduce -5.7% |
| SGOL Abrdn Physical Gold Shares | 1.58% | 85,050 | $1.8M | No change |
| QSR Restaurant Brands Intern | 1.53% | 22,070 | $1.8M | Reduce -5.6% |
| AY Atlantica Sustainable Infras | 1.52% | 94,358 | $1.7M | Reduce -0.2% |
| JNJ Johnson & Johnson | 1.51% | 10,931 | $1.7M | Reduce -5.0% |
| MS Morgan Stanley | 1.44% | 17,546 | $1.7M | Reduce -1.0% |
| SYK Stryker Corp. | 1.39% | 4,450 | $1.6M | No change |
| IGSB iShares 1-5Y Inv Grade Corp. | 1.35% | 30,250 | $1.6M | No change |
| PWR Quanta Services Inc. | 1.32% | 5,815 | $1.5M | No change |
| ENB Enbridge Inc. | 1.25% | 39,596 | $1.4M | Add +20.8% |
| B Barrick Gold Corp. | 1.12% | 77,150 | $1.3M | Add +29.0% |
| KO The Coca-Cola Co. | 1.10% | 20,520 | $1.3M | Reduce -2.0% |
| MDLZ Mondelez International Inc. Class A | 1.04% | 17,006 | $1.2M | No change |
| GTLS Chart Industries Inc. | 1.03% | 7,165 | $1.2M | Reduce -1.5% |
| UNP Union Pacific Corp. | 1.01% | 4,709 | $1.2M | Reduce -6.5% |
| XLC SS Comm Select Sector SPDR | 0.99% | 13,859 | $1.1M | No change |
| CVX Chevron Corp. | 0.94% | 6,833 | $1.1M | Add +6.5% |
| ITA iShares U.S. Aerospace & Def | 0.91% | 7,935 | $1.0M | Reduce -3.6% |
| NOC Northrop Grumman Corp. | 0.88% | 2,104 | $1.0M | Reduce -1.2% |
| LH Laboratory CRP of Amer Hldgs | 0.83% | 4,344 | $948K | No change |
| SYY Sysco Corp. | 0.83% | 11,647 | $945K | No change |
| GLD SPDR Gold Shares | 0.75% | 4,177 | $859K | No change |
| CEF Sprott Physical Gold & Silver | 0.74% | 41,845 | $851K | Reduce -2.0% |
| TSN Tyson Foods Inc. Class A | 0.71% | 13,865 | $814K | No change |
| RGLD Royal Gold Inc. | 0.69% | 6,510 | $792K | No change |
| PFE Pfizer Inc. | 0.62% | 25,581 | $709K | Add +11.1% |
| NVO Novo-Nordisk A/S-Spons ADR | 0.61% | 5,480 | $703K | Add +4.9% |
| ECL Ecolab Inc. | 0.60% | 2,975 | $686K | No change |
| AEP American Electric Power | 0.47% | 6,235 | $536K | New |
| BSV Vanguard Short-Term Bond ETF | 0.42% | 6,282 | $481K | Add +1.6% |
| AEM Agnico Eagle Mines Ltd. | 0.42% | 8,050 | $480K | Add +3.9% |
| ZBH Zimmer Biomet Holdings Inc. | 0.42% | 3,625 | $478K | No change |
| SHY iShares 1-3 Year Treasury Bo | 0.33% | 4,625 | $378K | Add +12.8% |
| MRVL Marvell Technology Group Ltd. | 0.26% | 4,200 | $297K | Reduce -10.6% |
| WMT Walmart Inc. | 0.24% | 4,660 | $280K | Reduce -9.7% |
| XOM Exxon Mobil Corp. | 0.24% | 2,400 | $278K | No change |
| GOOG Alphabet Inc. Class C | 0.23% | 1,750 | $266K | Reduce -11.4% |
| WM Waste Management Inc. | 0.23% | 1,225 | $261K | No change |
| PLD Prologis Inc. | 0.22% | 1,901 | $247K | Reduce -15.3% |
| KHC The Kraft Heinz Co. | 0.21% | 6,665 | $245K | Reduce -15.8% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.20% | 1,197 | $228K | New |
| CL Colgate-Palmolive Co. | 0.20% | 2,500 | $225K | Reduce -5.7% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.19% | 5,902 | $223K | New |
| ALERIAN MLP ETF | 0.19% | 4,625 | $219K | New |
| BIIB Biogen Inc. | 0.18% | 970 | $209K | No change |
| MP MP Materials Corp. | 0.18% | 14,525 | $207K | Add +0.2% |
| VHT Vanguard Health Care ETF | 0.18% | 760 | $205K | New |
| ANET Arista Networks Inc. | 0.18% | 701 | $203K | New |
| XLK SS Technology Select Sector | 0.18% | 975 | $203K | New |
| AMBP Ardagh Metal Packaging SA | 0.08% | 27,750 | $95K | New |
Portfolio Sells Q4 2023 → Q1 2024
| FDX FedEx Corp. | Sold out | 0.00% | −1.00 |
| AAPL Apple Inc. | Reduce -4.5% | 2.07% | −0.59 |
| BAX Baxter International Inc. | Sold out | 0.00% | −0.55 |
| ABT Abbott Laboratories | Reduce -11.8% | 2.65% | −0.53 |
| KMI Kinder Morgan Inc. | Reduce -10.0% | 2.64% | −0.44 |
| AY Atlantica Sustainable Infras | Reduce -0.2% | 1.52% | −0.41 |
| XIFR XPLR Infrastructure LP | Reduce -1.2% | 2.94% | −0.34 |
| NEM Newmont Corp. | Sold out | 0.00% | −0.34 |
| CSCO Cisco Systems Inc. | Reduce -5.7% | 1.67% | −0.29 |
| ASA ASA Gold and Precious Metals | Sold out | 0.00% | −0.28 |
| GOOGL Alphabet Inc. Class A | Reduce -9.2% | 2.21% | −0.25 |
| BDX Becton Dickinson and Co. | Reduce -1.7% | 2.52% | −0.24 |
| JNJ Johnson & Johnson | Reduce -5.0% | 1.51% | −0.21 |
| QSR Restaurant Brands Intern | Reduce -5.6% | 1.53% | −0.21 |
| EPD Enterprise Products Partners | Reduce -5.8% | 4.12% | −0.19 |
| MSFT Microsoft Corp. | Reduce -8.8% | 2.50% | −0.17 |
| UNP Union Pacific Corp. | Reduce -6.5% | 1.01% | −0.17 |
| MS Morgan Stanley | Reduce -1.0% | 1.44% | −0.13 |
| CBRE GBL REAL ESTATE INC FD | Sold out | 0.00% | −0.08 |
| ITA iShares U.S. Aerospace & Def | Reduce -3.6% | 0.91% | −0.08 |
| KO The Coca-Cola Co. | Reduce -2.0% | 1.10% | −0.08 |
| NOC Northrop Grumman Corp. | Reduce -1.2% | 0.88% | −0.07 |
| PLD Prologis Inc. | Reduce -15.3% | 0.22% | −0.07 |
| KHC The Kraft Heinz Co. | Reduce -15.8% | 0.21% | −0.06 |
| CEF Sprott Physical Gold & Silver | Reduce -2.0% | 0.74% | −0.04 |
| GOOG Alphabet Inc. Class C | Reduce -11.4% | 0.23% | −0.03 |
| WMT Walmart Inc. | Reduce -9.7% | 0.24% | −0.01 |
| PHYS Sprott Physical Gold Trust | Reduce -0.3% | 1.78% | −0.01 |
| MRVL Marvell Technology Group Ltd. | Reduce -10.6% | 0.26% | −0.01 |
| CL Colgate-Palmolive Co. | Reduce -5.7% | 0.20% | −0.00 |
| CB Chubb Ltd. | Reduce -0.6% | 1.92% | +0.08 |
| JPM JPMorgan Chase & Co. | Reduce -3.1% | 1.97% | +0.09 |
| GTLS Chart Industries Inc. | Reduce -1.5% | 1.03% | +0.09 |
| PAGP Plains GP Hldgs L P | Reduce -1.7% | 3.35% | +0.10 |
| AMZN Amazon.com Inc. | Reduce -4.1% | 2.58% | +0.11 |
| J Jacobs Solutions Inc. | Reduce -1.9% | 2.13% | +0.13 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -7.9% | 4.46% | +0.42 |
| PRIM Primoris Services Corp. | Reduce -4.5% | 4.33% | +0.47 |
Portfolio Buys Q4 2023 → Q1 2024
| RTX RTX Corp. | New | 1.95% | +1.95 |
| APD Air Products & Chemicals Inc. | Add +68.7% | 2.64% | +0.71 |
| PBA Pembina Pipeline Corp. | Add +32.2% | 2.59% | +0.51 |
| AEP American Electric Power | New | 0.47% | +0.47 |
| MRK Merck & Co. Inc. | Add +0.0% | 3.88% | +0.38 |
| VanEck Gold Miners ETF | Add +15.2% | 3.16% | +0.22 |
| IBM Intl Business Machines Corp. | New | 0.20% | +0.20 |
| BAC Bank of America Corp. | New | 0.19% | +0.19 |
| ALERIAN MLP ETF | New | 0.19% | +0.19 |
| VHT Vanguard Health Care ETF | New | 0.18% | +0.18 |
| ANET Arista Networks Inc. | New | 0.18% | +0.18 |
| XLK SS Technology Select Sector | New | 0.18% | +0.18 |
| ENB Enbridge Inc. | Add +20.8% | 1.25% | +0.13 |
| MDT Medtronic PLC | Add +7.7% | 2.44% | +0.10 |
| NVO Novo-Nordisk A/S-Spons ADR | Add +4.9% | 0.61% | +0.10 |
| B Barrick Gold Corp. | Add +29.0% | 1.12% | +0.09 |
| AMBP Ardagh Metal Packaging SA | New | 0.08% | +0.08 |
| CVX Chevron Corp. | Add +6.5% | 0.94% | +0.03 |
| AEM Agnico Eagle Mines Ltd. | Add +3.9% | 0.42% | +0.01 |
| SHY iShares 1-3 Year Treasury Bo | Add +12.8% | 0.33% | +0.01 |
| PFE Pfizer Inc. | Add +11.1% | 0.62% | −0.01 |
| BSV Vanguard Short-Term Bond ETF | Add +1.6% | 0.42% | −0.03 |
| VCSH Vanguard S/T Corp. Bond ETF | Add +3.8% | 1.77% | −0.09 |
| MP MP Materials Corp. | Add +0.2% | 0.18% | −0.09 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 103 | $155.8M | TSM, VanEck Gold Miners ETF, EPD, PRIM, GOOGL |
| Q1 2026 | 99 | $156.3M | PRIM, TSM, VanEck Gold Miners ETF, EPD, KMI |
| Q4 2025 | 98 | $153.7M | VanEck Gold Miners ETF, TSM, PRIM, EPD, KMI |
| Q3 2025 | 90 | $146.6M | PRIM, TSM, VanEck Gold Miners ETF, EPD, KMI |
| Q2 2025 | 88 | $130.7M | TSM, PRIM, VanEck Gold Miners ETF, EPD, KMI |
| Q1 2025 | 84 | $119.9M | TSM, EPD, VanEck Gold Miners ETF, PRIM, KMI |
| Q4 2024 | 88 | $123.4M | TSM, PRIM, EPD, KMI, APD |
| Q3 2024 | 85 | $125.2M | TSM, PRIM, EPD, VanEck Gold Miners ETF, APD |
| Q2 2024 | 83 | $119.6M | TSM, PRIM, EPD, MRK, PAGP |
| Q1 2024 | 74 | $114.5M | TSM, PRIM, EPD, MRK, PAGP |