A. D. Beadell Investment Counsel, Inc.
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 16, 2025), A. D. Beadell Investment Counsel, Inc. reported 88 stock positions worth $130.7 million. Its top holding was Taiwan Semiconductor-SP ADR (TSM) at 5.6% of the portfolio, followed by Primoris Services (PRIM, 4.7%) and VanEck Gold Miners ETF (4.2%). Compared with Q1 2025, it opened 9 new positions, sold out of 5, added to 36 and reduced 28. The biggest buy was Taiwan Semiconductor-SP ADR (TSM, shares +1%) and the biggest sale Plains GP Hldgs L P (PAGP, shares −16%).
- Most Recent 13F
- Q2 2026
- Location
- MEQUON, WI
- CIK
- 0001569102
- Portfolio Value
- $130.7M (Q2 2025)
- SEC Filing
- 0001569102-25-000003 ↗ filed Jul 16, 2025
Holdings Value
Holdings 88 stocks · $130.7M
| TSM Taiwan Semiconductor-SP ADR | 5.59% | 32,243 | $7.3M | Add +0.9% |
| PRIM Primoris Services Corp. | 4.75% | 79,625 | $6.2M | Add +0.9% |
| VanEck Gold Miners ETF | 4.19% | 105,145 | $5.5M | Add +0.4% |
| EPD Enterprise Products Partners | 3.70% | 155,910 | $4.8M | Add +1.3% |
| KMI Kinder Morgan Inc. | 3.32% | 147,455 | $4.3M | Reduce -2.7% |
| APD Air Products & Chemicals Inc. | 2.70% | 12,509 | $3.5M | Add +0.8% |
| AMZN Amazon.com Inc. | 2.54% | 15,140 | $3.3M | Add +1.4% |
| ABT Abbott Laboratories | 2.51% | 24,180 | $3.3M | Add +1.6% |
| PBA Pembina Pipeline Corp. | 2.45% | 85,235 | $3.2M | Add +1.8% |
| BEPC Brookfield Renewable Cor-A | 2.43% | 96,755 | $3.2M | Add +0.5% |
| PAGP Plains GP Hldgs L P | 2.42% | 162,725 | $3.2M | Reduce -16.4% |
| RTX RTX Corp. | 2.36% | 21,155 | $3.1M | Reduce -1.1% |
| MSFT Microsoft Corp. | 2.24% | 5,898 | $2.9M | Add +3.0% |
| PHYS Sprott Physical Gold Trust | 1.95% | 100,767 | $2.6M | Reduce -1.4% |
| MDT Medtronic PLC | 1.95% | 29,245 | $2.5M | Add +0.9% |
| GOOGL Alphabet Inc. Class A | 1.95% | 14,455 | $2.5M | Reduce -5.6% |
| MRK Merck & Co. Inc. | 1.88% | 31,132 | $2.5M | Add +1.0% |
| SGOL Abrdn Physical Gold Shares | 1.84% | 76,250 | $2.4M | Reduce -2.4% |
| MS Morgan Stanley | 1.70% | 15,746 | $2.2M | Add +2.1% |
| SRE Sempra | 1.69% | 29,150 | $2.2M | Add +10.5% |
| CB Chubb Ltd. | 1.69% | 7,615 | $2.2M | Add +1.2% |
| AAPL Apple Inc. | 1.68% | 10,687 | $2.2M | Reduce -8.9% |
| J Jacobs Solutions Inc. | 1.59% | 15,835 | $2.1M | Add +1.6% |
| ENB Enbridge Inc. | 1.55% | 44,660 | $2.0M | Add +1.2% |
| PWR Quanta Services Inc. | 1.49% | 5,151 | $1.9M | Add +6.1% |
| BDX Becton Dickinson and Co. | 1.48% | 11,254 | $1.9M | Add +0.5% |
| B Barrick Mining Corp. | 1.47% | 92,270 | $1.9M | Add +23.9% |
| VCSH Vanguard S/T Corp. Bond ETF | 1.42% | 23,341 | $1.9M | Add +8.0% |
| NVO Novo-Nordisk A/S-Spons ADR | 1.31% | 24,778 | $1.7M | Add +40.9% |
| AVA Avista Corp. | 1.27% | 43,665 | $1.7M | Add +7.8% |
| IGSB iShares 1-5Y Inv Grade Corp. | 1.22% | 30,150 | $1.6M | Add +7.7% |
| SYK Stryker Corp. | 1.16% | 3,820 | $1.5M | No change |
| PEP Pepsico Inc. | 1.14% | 11,276 | $1.5M | Add +2.3% |
| LMT Lockheed Martin Corp. | 1.12% | 3,159 | $1.5M | New |
| ETR Entergy Corp. | 1.08% | 17,065 | $1.4M | Add +2.6% |
| XLC SS Comm Select Sector SPDR | 1.00% | 12,025 | $1.3M | Reduce -7.7% |
| RGLD Royal Gold Inc. | 0.98% | 7,170 | $1.3M | No change |
| PFE Pfizer Inc. | 0.95% | 51,161 | $1.2M | Add +2.0% |
| CEF Sprott Physical Gold & Silver | 0.95% | 41,070 | $1.2M | Reduce -1.6% |
| LH Laboratory CRP of Amer Hldgs filed as Labcorp Holdings Inc. | 0.87% | 4,344 | $1.1M | No change |
| HESM Hess Midstream LP Class A | 0.85% | 28,910 | $1.1M | Reduce -1.9% |
| EMA Emera Inc. | 0.84% | 24,055 | $1.1M | New |
| GTLS Chart Industries Inc. | 0.83% | 6,555 | $1.1M | Reduce -1.8% |
| MDLZ Mondelez International Inc. Class A | 0.82% | 15,831 | $1.1M | Add +2.9% |
| CVX Chevron Corp. | 0.76% | 6,919 | $990K | No change |
| JPM JPMorgan Chase & Co. | 0.75% | 3,397 | $984K | Add +2.8% |
| GLD SPDR Gold Shares | 0.75% | 3,227 | $983K | Reduce -8.1% |
| AZN Astrazeneca PLC-Spons ADR | 0.75% | 13,960 | $975K | No change |
| AES AES Corp. | 0.68% | 84,875 | $892K | No change |
| UNP Union Pacific Corp. | 0.68% | 3,863 | $888K | Reduce -8.2% |
| JNJ Johnson & Johnson | 0.68% | 5,805 | $886K | No change |
| NOC Northrop Grumman Corp. | 0.67% | 1,747 | $873K | Add +1.9% |
| SYY Sysco Corp. | 0.65% | 11,147 | $844K | Add +4.7% |
| AVGO Broadcom Inc. | 0.63% | 2,975 | $820K | Reduce -0.1% |
| AEM Agnico Eagle Mines Ltd. | 0.61% | 6,690 | $795K | Reduce -5.0% |
| KO The Coca-Cola Co. | 0.59% | 10,971 | $776K | Reduce -13.6% |
| GPK Graphic Packaging Holding Co. | 0.57% | 35,475 | $747K | Add +103.3% |
| AEP American Electric Power | 0.54% | 6,760 | $701K | Reduce -0.7% |
| POR Portland General Electric Co. | 0.52% | 16,660 | $676K | New |
| GRAL Grail Inc. | 0.50% | 12,724 | $654K | Reduce -18.9% |
| ECL Ecolab Inc. | 0.49% | 2,375 | $639K | No change |
| NVDA Nvidia Corp. | 0.43% | 3,539 | $559K | Add +48.3% |
| XIFR XPLR Infrastructure LP | 0.39% | 62,580 | $513K | Reduce -21.0% |
| SHY iShares 1-3 Year Treasury Bo | 0.38% | 6,069 | $502K | Add +9.8% |
| MP MP Materials Corp. | 0.37% | 14,500 | $482K | Reduce -0.2% |
| BSV Vanguard Short-Term Bond ETF | 0.36% | 6,055 | $476K | Reduce -4.9% |
| JAAA Janus Henderson Aaa Clo ETF | 0.34% | 8,800 | $446K | Add +3.4% |
| ALERIAN MLP ETF filed as ALPS | 0.31% | 8,350 | $407K | No change |
| D Dominion Energy Inc. | 0.29% | 6,625 | $374K | Reduce -5.4% |
| BTI British American Tob-SP ADR | 0.28% | 7,700 | $364K | Reduce -7.1% |
| PROSHARES SHORT S&P500 | 0.26% | 8,500 | $337K | Add +54.5% |
| COLD Americold Realty Trust Inc. | 0.25% | 19,600 | $325K | New |
| WMT Walmart Inc. | 0.22% | 3,000 | $293K | No change |
| MET Metlife Inc. | 0.22% | 3,590 | $288K | New |
| MRVL Marvell Technology Group Ltd. | 0.22% | 3,712 | $287K | Reduce -3.0% |
| GOOG Alphabet Inc. Class C | 0.21% | 1,575 | $279K | Reduce -10.0% |
| HUBB Hubbell Inc. | 0.21% | 660 | $269K | New |
| NEE Nextera Energy Inc. | 0.21% | 3,878 | $269K | No change |
| WM Waste Management Inc. | 0.20% | 1,125 | $257K | No change |
| XLK SS Technology Select Sector | 0.18% | 950 | $240K | Reduce -2.6% |
| XOM Exxon Mobil Corp. | 0.18% | 2,200 | $237K | No change |
| MLPX Global X MLP & Energy Infras | 0.17% | 3,455 | $216K | No change |
| ILMN Illumina Inc. | 0.16% | 2,260 | $215K | New |
| ANET Arista Networks Inc. | 0.16% | 2,066 | $211K | New |
| MSOS Advisorshares Pure US Cann | 0.15% | 81,800 | $197K | New |
| AMBP Ardagh Metal Packaging SA | 0.13% | 38,350 | $164K | No change |
| AQN Algonquin Power & Utilities | 0.05% | 12,500 | $71K | Reduce -62.6% |
| IAU iShares Gold Trust | 0.00% | 3,600 | $224 | Reduce -1.4% |
Other holdings (1): bonds, preferreds, convertibles and warrants · $247K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| RLJ LODGING TRUST (RLJ 1.95 PERP A) | CUM CONV PFD A | 10,450 | $247K | No change |
Total filed on the 13F, all lines: $131.0M.
Portfolio Sells Q1 2025 → Q2 2025
| PAGP Plains GP Hldgs L P | Reduce -16.4% | 2.42% | −1.05 |
| AAPL Apple Inc. | Reduce -8.9% | 1.68% | −0.50 |
| PYPL PayPal Holdings Inc. | Sold out | 0.00% | −0.32 |
| KMI Kinder Morgan Inc. | Reduce -2.7% | 3.32% | −0.29 |
| PM Philip Morris International | Sold out | 0.00% | −0.27 |
| XIFR XPLR Infrastructure LP | Reduce -21.0% | 0.39% | −0.23 |
| HESM Hess Midstream LP Class A | Reduce -1.9% | 0.85% | −0.19 |
| IAU iShares Gold Trust | Reduce -1.4% | 0.00% | −0.18 |
| PLD Prologis Inc. | Sold out | 0.00% | −0.18 |
| VHT Vanguard Health Care ETF | Sold out | 0.00% | −0.17 |
| KO The Coca-Cola Co. | Reduce -13.6% | 0.59% | −0.16 |
| UNP Union Pacific Corp. | Reduce -8.2% | 0.68% | −0.15 |
| SGOL Abrdn Physical Gold Shares | Reduce -2.4% | 1.84% | −0.10 |
| PHYS Sprott Physical Gold Trust | Reduce -1.4% | 1.95% | −0.10 |
| GLD SPDR Gold Shares | Reduce -8.1% | 0.75% | −0.09 |
| AQN Algonquin Power & Utilities | Reduce -62.6% | 0.05% | −0.09 |
| AEP American Electric Power | Reduce -0.7% | 0.54% | −0.08 |
| YOLO Advisorshares Pure Cannabis | Sold out | 0.00% | −0.06 |
| BSV Vanguard Short-Term Bond ETF | Reduce -4.9% | 0.36% | −0.05 |
| XLC SS Comm Select Sector SPDR | Reduce -7.7% | 1.00% | −0.05 |
| CEF Sprott Physical Gold & Silver | Reduce -1.6% | 0.95% | −0.04 |
| D Dominion Energy Inc. | Reduce -5.4% | 0.29% | −0.04 |
| AEM Agnico Eagle Mines Ltd. | Reduce -5.0% | 0.61% | −0.03 |
| GOOGL Alphabet Inc. Class A | Reduce -5.6% | 1.95% | −0.03 |
| GOOG Alphabet Inc. Class C | Reduce -10.0% | 0.21% | −0.01 |
| BTI British American Tob-SP ADR | Reduce -7.1% | 0.28% | −0.01 |
| RTX RTX Corp. | Reduce -1.1% | 2.36% | +0.00 |
| XLK SS Technology Select Sector | Reduce -2.6% | 0.18% | +0.02 |
| GTLS Chart Industries Inc. | Reduce -1.8% | 0.83% | +0.02 |
| MRVL Marvell Technology Group Ltd. | Reduce -3.0% | 0.22% | +0.02 |
| MP MP Materials Corp. | Reduce -0.2% | 0.37% | +0.07 |
| GRAL Grail Inc. | Reduce -18.9% | 0.50% | +0.17 |
| AVGO Broadcom Inc. | Reduce -0.1% | 0.63% | +0.21 |
Portfolio Buys Q1 2025 → Q2 2025
| TSM Taiwan Semiconductor-SP ADR | Add +0.9% | 5.59% | +1.16 |
| LMT Lockheed Martin Corp. | New | 1.12% | +1.12 |
| PRIM Primoris Services Corp. | Add +0.9% | 4.75% | +0.97 |
| EMA Emera Inc. | New | 0.84% | +0.84 |
| POR Portland General Electric Co. | New | 0.52% | +0.52 |
| PWR Quanta Services Inc. | Add +6.1% | 1.49% | +0.46 |
| MSFT Microsoft Corp. | Add +3.0% | 2.24% | +0.45 |
| NVO Novo-Nordisk A/S-Spons ADR | Add +40.9% | 1.31% | +0.29 |
| B Barrick Mining Corp. | Add +23.9% | 1.47% | +0.26 |
| COLD Americold Realty Trust Inc. | New | 0.25% | +0.25 |
| MET Metlife Inc. | New | 0.22% | +0.22 |
| NVDA Nvidia Corp. | Add +48.3% | 0.43% | +0.21 |
| HUBB Hubbell Inc. | New | 0.21% | +0.21 |
| MS Morgan Stanley | Add +2.1% | 1.70% | +0.20 |
| GPK Graphic Packaging Holding Co. | Add +103.3% | 0.57% | +0.19 |
| BEPC Brookfield Renewable Cor-A | Add +0.5% | 2.43% | +0.18 |
| AMZN Amazon.com Inc. | Add +1.4% | 2.54% | +0.17 |
| VanEck Gold Miners ETF | Add +0.4% | 4.19% | +0.17 |
| ILMN Illumina Inc. | New | 0.16% | +0.16 |
| ANET Arista Networks Inc. | New | 0.16% | +0.16 |
| MSOS Advisorshares Pure US Cann | New | 0.15% | +0.15 |
| SRE Sempra | Add +10.5% | 1.69% | +0.12 |
| JPM JPMorgan Chase & Co. | Add +2.8% | 0.75% | +0.08 |
| PROSHARES SHORT S&P500 | Add +54.5% | 0.26% | +0.05 |
| J Jacobs Solutions Inc. | Add +1.6% | 1.59% | +0.02 |
| SHY iShares 1-3 Year Treasury Bo | Add +9.8% | 0.38% | +0.00 |
| VCSH Vanguard S/T Corp. Bond ETF | Add +8.0% | 1.42% | −0.00 |
| IGSB iShares 1-5Y Inv Grade Corp. | Add +7.7% | 1.22% | −0.01 |
| JAAA Janus Henderson Aaa Clo ETF | Add +3.4% | 0.34% | −0.02 |
| SYY Sysco Corp. | Add +4.7% | 0.65% | −0.02 |
| MDLZ Mondelez International Inc. Class A | Add +2.9% | 0.82% | −0.05 |
| NOC Northrop Grumman Corp. | Add +1.9% | 0.67% | −0.06 |
| ENB Enbridge Inc. | Add +1.2% | 1.55% | −0.08 |
| ETR Entergy Corp. | Add +2.6% | 1.08% | −0.10 |
| PFE Pfizer Inc. | Add +2.0% | 0.95% | −0.11 |
| ABT Abbott Laboratories | Add +1.6% | 2.51% | −0.12 |
| AVA Avista Corp. | Add +7.8% | 1.27% | −0.15 |
| CB Chubb Ltd. | Add +1.2% | 1.69% | −0.21 |
| MDT Medtronic PLC | Add +0.9% | 1.95% | −0.22 |
| PEP Pepsico Inc. | Add +2.3% | 1.14% | −0.24 |
| PBA Pembina Pipeline Corp. | Add +1.8% | 2.45% | −0.35 |
| APD Air Products & Chemicals Inc. | Add +0.8% | 2.70% | −0.35 |
| MRK Merck & Co. Inc. | Add +1.0% | 1.88% | −0.42 |
| BDX Becton Dickinson and Co. | Add +0.5% | 1.48% | −0.66 |
| EPD Enterprise Products Partners | Add +1.3% | 3.70% | −0.69 |
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 |