A. D. Beadell Investment Counsel, Inc.
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed July 12, 2024), A. D. Beadell Investment Counsel, Inc. reported 83 stock positions worth $119.6 million. Its top holding was Taiwan Semiconductor-SP ADR (TSM) at 5.5% of the portfolio, followed by Primoris Services (PRIM, 4.7%) and Enterprise Products Partners (EPD, 3.9%). Compared with Q1 2024, it opened 11 new positions, sold out of 2, added to 18 and reduced 38. The biggest buy was a new position in AES (AES) and the biggest sale XPLR Infrastructure (XIFR, shares −14%).
- Most Recent 13F
- Q2 2026
- Location
- MEQUON, WI
- CIK
- 0001569102
- Portfolio Value
- $119.6M (Q2 2024)
- SEC Filing
- 0001569102-24-000003 ↗ filed Jul 12, 2024
Holdings Value
Holdings 83 stocks · $119.6M
| TSM Taiwan Semiconductor-SP ADR | 5.48% | 37,672 | $6.5M | Add +0.3% |
| PRIM Primoris Services Corp. | 4.69% | 112,290 | $5.6M | Reduce -3.5% |
| EPD Enterprise Products Partners | 3.88% | 160,135 | $4.6M | Reduce -0.9% |
| MRK Merck & Co. Inc. | 3.39% | 32,705 | $4.0M | Reduce -3.0% |
| PAGP Plains GP Hldgs L P | 3.27% | 207,480 | $3.9M | Reduce -1.4% |
| VanEck Gold Miners ETF | 3.12% | 109,984 | $3.7M | Reduce -3.9% |
| APD Air Products & Chemicals Inc. | 2.91% | 13,472 | $3.5M | Add +7.9% |
| KMI Kinder Morgan Inc. | 2.76% | 166,180 | $3.3M | Add +0.7% |
| PBA Pembina Pipeline Corp. | 2.65% | 85,536 | $3.2M | Add +2.0% |
| AMZN Amazon.com Inc. | 2.62% | 16,215 | $3.1M | Reduce -0.9% |
| GOOGL Alphabet Inc. Class A | 2.48% | 16,290 | $3.0M | Reduce -3.0% |
| MSFT Microsoft Corp. | 2.38% | 6,380 | $2.9M | Reduce -6.3% |
| XIFR XPLR Infrastructure LP filed as NEXTERA ENERGY PARTNERS LP | 2.22% | 96,236 | $2.7M | Reduce -14.2% |
| ABT Abbott Laboratories | 2.22% | 25,550 | $2.7M | Reduce -4.5% |
| AAPL Apple Inc. | 2.20% | 12,484 | $2.6M | Reduce -9.6% |
| BDX Becton Dickinson and Co. | 2.19% | 11,204 | $2.6M | Reduce -3.9% |
| MDT Medtronic PLC | 2.13% | 32,410 | $2.5M | Add +1.1% |
| RTX RTX Corp. | 1.95% | 23,185 | $2.3M | Add +1.5% |
| J Jacobs Solutions Inc. | 1.82% | 15,620 | $2.2M | Reduce -1.7% |
| PEP Pepsico Inc. | 1.76% | 12,760 | $2.1M | Reduce -1.9% |
| CB Chubb Ltd. | 1.76% | 8,235 | $2.1M | Reduce -3.0% |
| PHYS Sprott Physical Gold Trust | 1.70% | 112,834 | $2.0M | Reduce -4.0% |
| VCSH Vanguard S/T Corp. Bond ETF | 1.69% | 26,099 | $2.0M | Reduce -0.3% |
| JPM JPMorgan Chase & Co. | 1.64% | 9,708 | $2.0M | Reduce -13.6% |
| AY Atlantica Sustainable Infras | 1.57% | 85,408 | $1.9M | Reduce -9.5% |
| SGOL Abrdn Physical Gold Shares | 1.55% | 83,300 | $1.9M | Reduce -2.1% |
| CSCO Cisco Systems Inc. | 1.51% | 38,105 | $1.8M | Reduce -0.5% |
| ENB Enbridge Inc. | 1.47% | 49,286 | $1.8M | Add +24.5% |
| MS Morgan Stanley | 1.39% | 17,146 | $1.7M | Reduce -2.3% |
| AES AES Corp. | 1.38% | 93,575 | $1.6M | New |
| IGSB iShares 1-5Y Inv Grade Corp. | 1.27% | 29,550 | $1.5M | Reduce -2.3% |
| PWR Quanta Services Inc. | 1.24% | 5,815 | $1.5M | No change |
| SYK Stryker Corp. | 1.21% | 4,250 | $1.4M | Reduce -4.5% |
| QSR Restaurant Brands Intern | 1.13% | 19,170 | $1.3M | Reduce -13.1% |
| NVO Novo-Nordisk A/S-Spons ADR | 1.10% | 9,225 | $1.3M | Add +68.3% |
| B Barrick Gold Corp. | 1.10% | 78,650 | $1.3M | Add +1.9% |
| XLC SS Comm Select Sector SPDR | 0.95% | 13,284 | $1.1M | Reduce -4.2% |
| CVX Chevron Corp. | 0.94% | 7,158 | $1.1M | Add +4.8% |
| MDLZ Mondelez International Inc. Class A | 0.91% | 16,606 | $1.1M | Reduce -2.4% |
| UNP Union Pacific Corp. | 0.87% | 4,609 | $1.0M | Reduce -2.1% |
| ITA iShares U.S. Aerospace & Def | 0.85% | 7,735 | $1.0M | Reduce -2.5% |
| GTLS Chart Industries Inc. | 0.85% | 7,070 | $1.0M | Reduce -1.3% |
| KO The Coca-Cola Co. | 0.82% | 15,370 | $978K | Reduce -25.1% |
| JNJ Johnson & Johnson | 0.80% | 6,555 | $958K | Reduce -40.0% |
| KBR KBR Inc. | 0.78% | 14,455 | $927K | New |
| CEF Sprott Physical Gold & Silver | 0.77% | 41,745 | $920K | Reduce -0.2% |
| LH Laboratory CRP of Amer Hldgs | 0.74% | 4,344 | $884K | No change |
| NOC Northrop Grumman Corp. | 0.74% | 2,029 | $884K | Reduce -3.6% |
| GLD SPDR Gold Shares | 0.71% | 3,927 | $844K | Reduce -6.0% |
| SYY Sysco Corp. | 0.69% | 11,647 | $831K | No change |
| RGLD Royal Gold Inc. | 0.68% | 6,510 | $814K | No change |
| TSN Tyson Foods Inc. Class A | 0.66% | 13,865 | $792K | No change |
| PFE Pfizer Inc. | 0.65% | 27,936 | $781K | Add +9.2% |
| AEP American Electric Power | 0.50% | 6,835 | $599K | Add +9.6% |
| ECL Ecolab Inc. | 0.47% | 2,375 | $565K | Reduce -20.2% |
| SRE Sempra | 0.46% | 7,210 | $548K | New |
| AEM Agnico Eagle Mines Ltd. | 0.44% | 8,050 | $526K | No change |
| SHY iShares 1-3 Year Treasury Bo | 0.42% | 6,113 | $499K | Add +32.2% |
| BSV Vanguard Short-Term Bond ETF | 0.40% | 6,274 | $481K | Reduce -0.1% |
| GPK Graphic Packaging Holding Co. | 0.33% | 15,175 | $397K | New |
| GRAL Grail Inc. | 0.30% | 23,589 | $362K | New |
| WMT Walmart Inc. | 0.29% | 5,160 | $349K | Add +10.7% |
| GOOG Alphabet Inc. Class C | 0.27% | 1,750 | $320K | No change |
| MRVL Marvell Technology Group Ltd. | 0.26% | 4,525 | $316K | Add +7.7% |
| ALERIAN MLP ETF | 0.24% | 5,925 | $284K | Add +28.1% |
| ILMN Illumina Inc. | 0.23% | 2,675 | $279K | New |
| XOM Exxon Mobil Corp. | 0.23% | 2,400 | $276K | No change |
| NEE Nextera Energy Inc. | 0.23% | 3,800 | $269K | New |
| WM Waste Management Inc. | 0.22% | 1,225 | $261K | No change |
| NVDA Nvidia Corp. | 0.22% | 2,102 | $259K | New |
| D Dominion Energy Inc. | 0.20% | 5,000 | $245K | New |
| CL Colgate-Palmolive Co. | 0.20% | 2,500 | $242K | No change |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.20% | 5,902 | $234K | No change |
| BEPC Brookfield Renewable Cor-A | 0.20% | 8,275 | $234K | New |
| XLK SS Technology Select Sector | 0.18% | 975 | $220K | No change |
| KHC The Kraft Heinz Co. | 0.18% | 6,665 | $214K | No change |
| PLD Prologis Inc. | 0.18% | 1,901 | $213K | No change |
| ANET Arista Networks Inc. | 0.18% | 601 | $210K | Reduce -14.3% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.17% | 1,199 | $207K | Add +0.2% |
| VHT Vanguard Health Care ETF | 0.17% | 760 | $202K | No change |
| MP MP Materials Corp. | 0.15% | 14,525 | $184K | No change |
| MSOS Advisorshares Pure US Cann | 0.14% | 23,675 | $173K | New |
| AMBP Ardagh Metal Packaging SA | 0.11% | 39,750 | $135K | Add +43.2% |
Portfolio Sells Q1 2024 → Q2 2024
| XIFR XPLR Infrastructure LP | Reduce -14.2% | 2.22% | −0.72 |
| JNJ Johnson & Johnson | Reduce -40.0% | 0.80% | −0.71 |
| MRK Merck & Co. Inc. | Reduce -3.0% | 3.39% | −0.50 |
| ABT Abbott Laboratories | Reduce -4.5% | 2.22% | −0.43 |
| ZBH Zimmer Biomet Holdings Inc. | Sold out | 0.00% | −0.42 |
| QSR Restaurant Brands Intern | Reduce -13.1% | 1.13% | −0.40 |
| BDX Becton Dickinson and Co. | Reduce -3.9% | 2.19% | −0.33 |
| JPM JPMorgan Chase & Co. | Reduce -13.6% | 1.64% | −0.32 |
| J Jacobs Solutions Inc. | Reduce -1.7% | 1.82% | −0.31 |
| KO The Coca-Cola Co. | Reduce -25.1% | 0.82% | −0.28 |
| EPD Enterprise Products Partners | Reduce -0.9% | 3.88% | −0.24 |
| PEP Pepsico Inc. | Reduce -1.9% | 1.76% | −0.23 |
| BIIB Biogen Inc. | Sold out | 0.00% | −0.18 |
| SYK Stryker Corp. | Reduce -4.5% | 1.21% | −0.18 |
| GTLS Chart Industries Inc. | Reduce -1.3% | 0.85% | −0.18 |
| CB Chubb Ltd. | Reduce -3.0% | 1.76% | −0.16 |
| CSCO Cisco Systems Inc. | Reduce -0.5% | 1.51% | −0.15 |
| NOC Northrop Grumman Corp. | Reduce -3.6% | 0.74% | −0.14 |
| UNP Union Pacific Corp. | Reduce -2.1% | 0.87% | −0.14 |
| MDLZ Mondelez International Inc. Class A | Reduce -2.4% | 0.91% | −0.13 |
| ECL Ecolab Inc. | Reduce -20.2% | 0.47% | −0.13 |
| MSFT Microsoft Corp. | Reduce -6.3% | 2.38% | −0.11 |
| PAGP Plains GP Hldgs L P | Reduce -1.4% | 3.27% | −0.09 |
| IGSB iShares 1-5Y Inv Grade Corp. | Reduce -2.3% | 1.27% | −0.09 |
| VCSH Vanguard S/T Corp. Bond ETF | Reduce -0.3% | 1.69% | −0.08 |
| PHYS Sprott Physical Gold Trust | Reduce -4.0% | 1.70% | −0.07 |
| ITA iShares U.S. Aerospace & Def | Reduce -2.5% | 0.85% | −0.06 |
| MS Morgan Stanley | Reduce -2.3% | 1.39% | −0.05 |
| GLD SPDR Gold Shares | Reduce -6.0% | 0.71% | −0.04 |
| VanEck Gold Miners ETF | Reduce -3.9% | 3.12% | −0.04 |
| XLC SS Comm Select Sector SPDR | Reduce -4.2% | 0.95% | −0.04 |
| SGOL Abrdn Physical Gold Shares | Reduce -2.1% | 1.55% | −0.03 |
| BSV Vanguard Short-Term Bond ETF | Reduce -0.1% | 0.40% | −0.02 |
| ANET Arista Networks Inc. | Reduce -14.3% | 0.18% | −0.00 |
| CEF Sprott Physical Gold & Silver | Reduce -0.2% | 0.77% | +0.03 |
| AMZN Amazon.com Inc. | Reduce -0.9% | 2.62% | +0.04 |
| AY Atlantica Sustainable Infras | Reduce -9.5% | 1.57% | +0.05 |
| AAPL Apple Inc. | Reduce -9.6% | 2.20% | +0.13 |
| GOOGL Alphabet Inc. Class A | Reduce -3.0% | 2.48% | +0.27 |
| PRIM Primoris Services Corp. | Reduce -3.5% | 4.69% | +0.36 |
Portfolio Buys Q1 2024 → Q2 2024
| AES AES Corp. | New | 1.38% | +1.38 |
| TSM Taiwan Semiconductor-SP ADR | Add +0.3% | 5.48% | +1.01 |
| KBR KBR Inc. | New | 0.78% | +0.78 |
| NVO Novo-Nordisk A/S-Spons ADR | Add +68.3% | 1.10% | +0.49 |
| SRE Sempra | New | 0.46% | +0.46 |
| GPK Graphic Packaging Holding Co. | New | 0.33% | +0.33 |
| GRAL Grail Inc. | New | 0.30% | +0.30 |
| APD Air Products & Chemicals Inc. | Add +7.9% | 2.91% | +0.27 |
| ILMN Illumina Inc. | New | 0.23% | +0.23 |
| NEE Nextera Energy Inc. | New | 0.23% | +0.23 |
| NVDA Nvidia Corp. | New | 0.22% | +0.22 |
| ENB Enbridge Inc. | Add +24.5% | 1.47% | +0.22 |
| D Dominion Energy Inc. | New | 0.20% | +0.20 |
| BEPC Brookfield Renewable Cor-A | New | 0.20% | +0.20 |
| MSOS Advisorshares Pure US Cann | New | 0.14% | +0.14 |
| KMI Kinder Morgan Inc. | Add +0.7% | 2.76% | +0.12 |
| SHY iShares 1-3 Year Treasury Bo | Add +32.2% | 0.42% | +0.09 |
| PBA Pembina Pipeline Corp. | Add +2.0% | 2.65% | +0.06 |
| WMT Walmart Inc. | Add +10.7% | 0.29% | +0.05 |
| ALERIAN MLP ETF | Add +28.1% | 0.24% | +0.05 |
| PFE Pfizer Inc. | Add +9.2% | 0.65% | +0.03 |
| AEP American Electric Power | Add +9.6% | 0.50% | +0.03 |
| AMBP Ardagh Metal Packaging SA | Add +43.2% | 0.11% | +0.03 |
| MRVL Marvell Technology Group Ltd. | Add +7.7% | 0.26% | +0.00 |
| RTX RTX Corp. | Add +1.5% | 1.95% | +0.00 |
| CVX Chevron Corp. | Add +4.8% | 0.94% | −0.00 |
| B Barrick Gold Corp. | Add +1.9% | 1.10% | −0.02 |
| IBM Intl Business Machines Corp. | Add +0.2% | 0.17% | −0.03 |
| MDT Medtronic PLC | Add +1.1% | 2.13% | −0.31 |
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 |