A. D. Beadell Investment Counsel, Inc.
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed April 17, 2026), A. D. Beadell Investment Counsel, Inc. reported 99 stock positions worth $156.3 million. Its top holding was Primoris Services (PRIM) at 4.8% of the portfolio, followed by Taiwan Semiconductor-SP ADR (TSM, 4.8%) and VanEck Gold Miners ETF (4.6%). Compared with Q4 2025, it opened 10 new positions, sold out of 9, added to 16 and reduced 43. The biggest buy was Proshares Short S&P500 (shares +671%) and the biggest sale an exit from Avista (AVA).
- Most Recent 13F
- Q2 2026
- Location
- MEQUON, WI
- CIK
- 0001569102
- Portfolio Value
- $156.3M (Q1 2026)
- SEC Filing
- 0001569102-26-000002 ↗ filed Apr 17, 2026
Holdings Value
Holdings 99 stocks · $156.3M
| PRIM Primoris Services Corp. | 4.79% | 52,325 | $7.5M | Reduce -14.3% |
| TSM Taiwan Semiconductor-SP ADR | 4.77% | 22,053 | $7.5M | Reduce -15.4% |
| VanEck Gold Miners ETF | 4.65% | 79,202 | $7.3M | Reduce -14.9% |
| EPD Enterprise Products Partners | 3.75% | 154,910 | $5.9M | Reduce -0.6% |
| KMI Kinder Morgan Inc. | 3.11% | 145,240 | $4.9M | Reduce -1.2% |
| PAGP Plains GP Hldgs L P | 2.52% | 162,075 | $3.9M | No change |
| RTX RTX Corp. | 2.52% | 20,395 | $3.9M | Reduce -3.6% |
| PBA Pembina Pipeline Corp. | 2.47% | 86,255 | $3.9M | Reduce -0.2% |
| GOOGL Alphabet Inc. Class A | 2.36% | 12,825 | $3.7M | Reduce -0.5% |
| BEPC Brookfield Renewable Cor-A | 2.32% | 91,160 | $3.6M | No change |
| MRK Merck & Co. Inc. | 2.31% | 30,013 | $3.6M | Reduce -0.6% |
| APD Air Products & Chemicals Inc. | 2.22% | 11,947 | $3.5M | Reduce -3.0% |
| B Barrick Mining Corp. | 2.18% | 83,430 | $3.4M | Reduce -5.2% |
| PHYS Sprott Physical Gold Trust | 1.98% | 87,283 | $3.1M | Reduce -8.4% |
| WTRG Essential Utilities Inc. | 1.98% | 76,790 | $3.1M | Add +105.6% |
| AMZN Amazon.com Inc. | 1.96% | 14,700 | $3.1M | Add +0.1% |
| SGOL Abrdn Physical Gold Shares | 1.92% | 67,275 | $3.0M | Reduce -7.1% |
| SRE Sempra | 1.81% | 29,170 | $2.8M | Reduce -0.0% |
| ABT Abbott Laboratories | 1.78% | 27,097 | $2.8M | Add +14.4% |
| LMT Lockheed Martin Corp. | 1.75% | 4,540 | $2.7M | No change |
| PWR Quanta Services Inc. | 1.69% | 4,811 | $2.6M | Reduce -2.0% |
| MDT Medtronic PLC | 1.65% | 29,735 | $2.6M | Add +2.4% |
| PROSHARES SHORT S&P500 | 1.65% | 67,825 | $2.6M | Add +670.7% |
| AAPL Apple Inc. | 1.63% | 10,062 | $2.6M | Reduce -3.6% |
| CB Chubb Ltd. | 1.55% | 7,420 | $2.4M | Reduce -0.3% |
| MS Morgan Stanley | 1.54% | 14,631 | $2.4M | Reduce -5.0% |
| ENB Enbridge Inc. | 1.48% | 42,701 | $2.3M | Reduce -1.9% |
| MSFT Microsoft Corp. | 1.38% | 5,835 | $2.2M | Add +1.5% |
| J Jacobs Solutions Inc. | 1.29% | 15,790 | $2.0M | Reduce -0.3% |
| BDX Becton Dickinson and Co. | 1.28% | 12,761 | $2.0M | Add +4.5% |
| RGLD Royal Gold Inc. | 1.18% | 7,277 | $1.9M | Reduce -0.0% |
| VCSH Vanguard S/T Corp. Bond ETF | 1.17% | 23,001 | $1.8M | Reduce -0.1% |
| POR Portland General Electric Co. | 1.11% | 33,035 | $1.7M | Add +18.2% |
| PEP Pepsico Inc. | 1.07% | 10,739 | $1.7M | Reduce -2.6% |
| IGSB iShares 1-5Y Inv Grade Corp. | 1.01% | 30,100 | $1.6M | No change |
| CEF Sprott Physical Gold & Silver | 0.93% | 30,575 | $1.5M | Reduce -25.0% |
| CVX Chevron Corp. | 0.92% | 6,919 | $1.4M | No change |
| JNJ Johnson & Johnson | 0.91% | 5,805 | $1.4M | No change |
| PFE Pfizer Inc. | 0.90% | 50,296 | $1.4M | Reduce -1.2% |
| VTEI Vanguard Int Tax-Exempt Bond | 0.88% | 13,825 | $1.4M | Add +2.6% |
| AZN Astrazeneca PLC-Spons ADR | 0.88% | 6,975 | $1.4M | No change |
| XLC SS Comm Select Sector SPDR | 0.83% | 11,780 | $1.3M | Reduce -2.0% |
| SYK Stryker Corp. | 0.80% | 3,820 | $1.3M | No change |
| NVO Novo-Nordisk A/S-Spons ADR | 0.80% | 33,838 | $1.2M | Reduce -5.6% |
| NOC Northrop Grumman Corp. | 0.76% | 1,747 | $1.2M | No change |
| GLD SPDR Gold Shares | 0.75% | 2,730 | $1.2M | Reduce -6.7% |
| LH Laboratory CRP of Amer Hldgs filed as LABCORP HLDGS INC | 0.74% | 4,344 | $1.2M | No change |
| EMA Emera Inc. | 0.73% | 22,105 | $1.1M | Reduce -8.1% |
| IFF Intl Flavors & Fragrances filed as INTERNATIONAL FLAVORS&FRAGRA | 0.69% | 14,920 | $1.1M | New |
| AES AES Corp. | 0.64% | 70,850 | $998K | Reduce -19.7% |
| JPM JPMorgan Chase & Co. | 0.61% | 3,222 | $947K | No change |
| AEP American Electric Power | 0.57% | 6,760 | $886K | No change |
| MDLZ Mondelez International Inc. Class A | 0.56% | 15,231 | $877K | No change |
| AEM Agnico Eagle Mines Ltd. | 0.55% | 4,270 | $866K | Reduce -7.8% |
| UNP Union Pacific Corp. | 0.53% | 3,428 | $831K | Reduce -2.1% |
| FCX Freeport-McMoran Inc. | 0.51% | 13,485 | $792K | No change |
| ORI Old Republic Intl Corp. | 0.50% | 19,745 | $787K | Add +2.2% |
| AVGO Broadcom Inc. | 0.49% | 2,474 | $765K | Reduce -6.6% |
| SYY Sysco Corp. | 0.49% | 10,647 | $759K | No change |
| ETR Entergy Corp. | 0.48% | 6,725 | $755K | Reduce -59.3% |
| ALERIAN MLP ETF filed as ALPS | 0.42% | 12,600 | $663K | Add +46.5% |
| KO The Coca-Cola Co. | 0.41% | 8,370 | $636K | No change |
| ECL Ecolab Inc. | 0.40% | 2,375 | $631K | No change |
| XIFR XPLR Infrastructure LP | 0.40% | 59,485 | $631K | Reduce -16.3% |
| NVDA Nvidia Corp. | 0.38% | 3,405 | $593K | Reduce -2.2% |
| SHY iShares 1-3 Year Treasury Bo | 0.37% | 7,091 | $585K | Add +1.6% |
| DELL Dell Technologies -C | 0.33% | 3,150 | $517K | Reduce -45.7% |
| BSV Vanguard Short-Term Bond ETF | 0.30% | 6,061 | $475K | Add +0.0% |
| NFLX Netflix Inc. | 0.30% | 4,902 | $471K | New |
| D Dominion Energy Inc. | 0.29% | 7,365 | $455K | No change |
| GOOG Alphabet Inc. Class C | 0.29% | 1,570 | $450K | Reduce -0.3% |
| BTI British American Tob-SP ADR | 0.29% | 7,675 | $448K | Reduce -0.3% |
| JAAA Janus Henderson Aaa Clo ETF | 0.29% | 8,900 | $448K | No change |
| SKM SK Telecom Co. Ltd.-Spon ADR | 0.27% | 14,502 | $424K | New |
| NFG National Fuel Gas Co. | 0.25% | 4,235 | $397K | Add +14.5% |
| WMT Walmart Inc. | 0.24% | 3,000 | $372K | No change |
| NEE Nextera Energy Inc. | 0.23% | 3,890 | $361K | No change |
| XOM Exxon Mobil Corp. | 0.22% | 2,000 | $339K | Reduce -9.1% |
| IAU iShares Gold Trust | 0.20% | 3,600 | $317K | No change |
| COLD Americold Realty Trust Inc. | 0.20% | 27,325 | $313K | Reduce -31.1% |
| MSOS Advisorshares Pure US Cann | 0.19% | 82,400 | $292K | No change |
| HACK Amplify Cybersecurity ETF | 0.19% | 3,890 | $292K | New |
| NOW ServiceNow Inc. | 0.18% | 2,738 | $286K | New |
| TRANSCANADA CORP COM filed as TC Energy Corp | 0.18% | 4,510 | $282K | No change |
| WM Waste Management Inc. | 0.17% | 1,125 | $258K | No change |
| MLPX Global X MLP & Energy Infras | 0.16% | 3,467 | $256K | Add +0.0% |
| XLK SS Technology Select Sector | 0.16% | 1,900 | $252K | No change |
| WAT Waters Corp. | 0.15% | 797 | $237K | New |
| ANET Arista Networks Inc. | 0.15% | 1,901 | $233K | Reduce -8.0% |
| PLD Prologis Inc. | 0.15% | 1,751 | $231K | No change |
| BEP Brookfield Renewable Partner | 0.14% | 6,788 | $221K | New |
| C Citigroup Inc. | 0.14% | 1,940 | $220K | Reduce -2.5% |
| DUK Duke Energy Corp. | 0.13% | 1,590 | $208K | New |
| VHT Vanguard Health Care ETF | 0.13% | 760 | $207K | No change |
| COR Cencora Inc. | 0.13% | 637 | $200K | New |
| SPDN Dir DLY SP 500 BR 1X ETF-Usi | 0.13% | 20,000 | $199K | Add +60.0% |
| AMBP Ardagh Metal Packaging SA | 0.10% | 37,800 | $153K | No change |
| AQN Algonquin Power & Utilities | 0.05% | 12,500 | $76K | No change |
| ORBS Eightco Holdings Inc. | 0.01% | 12,500 | $11K | New |
Other holdings (1): bonds, preferreds, convertibles and warrants · $303K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| RLJ LODGING TRUST (RLJ 1.95 PERP A) | CUM CONV PFD A | 12,600 | $303K | Add +20.6% |
Total filed on the 13F, all lines: $156.6M.
Portfolio Sells Q4 2025 → Q1 2026
| AVA Avista Corp. | Sold out | 0.00% | −1.11 |
| HESM Hess Midstream LP Class A | Sold out | 0.00% | −0.81 |
| GTLS Chart Industries Inc. | Sold out | 0.00% | −0.69 |
| VanEck Gold Miners ETF | Reduce -14.9% | 4.65% | −0.54 |
| ETR Entergy Corp. | Reduce -59.3% | 0.48% | −0.51 |
| GPK Graphic Packaging Holding Co. | Sold out | 0.00% | −0.45 |
| NVO Novo-Nordisk A/S-Spons ADR | Reduce -5.6% | 0.80% | −0.39 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -15.4% | 4.77% | −0.39 |
| B Barrick Mining Corp. | Reduce -5.2% | 2.18% | −0.32 |
| CEF Sprott Physical Gold & Silver | Reduce -25.0% | 0.93% | −0.28 |
| GOOGL Alphabet Inc. Class A | Reduce -0.5% | 2.36% | −0.26 |
| MS Morgan Stanley | Reduce -5.0% | 1.54% | −0.24 |
| AAPL Apple Inc. | Reduce -3.6% | 1.63% | −0.21 |
| AES AES Corp. | Reduce -19.7% | 0.64% | −0.18 |
| DELL Dell Technologies -C | Reduce -45.7% | 0.33% | −0.14 |
| BAC Bank of America Corp. | Sold out | 0.00% | −0.14 |
| PRIM Primoris Services Corp. | Reduce -14.3% | 4.79% | −0.14 |
| CENCORA INC | Sold out | 0.00% | −0.14 |
| COLD Americold Realty Trust Inc. | Reduce -31.1% | 0.20% | −0.13 |
| CLX Clorox Company | Sold out | 0.00% | −0.13 |
| KMB Kimberly-Clark Corp. | Sold out | 0.00% | −0.13 |
| AMT American Tower Corp. | Sold out | 0.00% | −0.13 |
| AVGO Broadcom Inc. | Reduce -6.6% | 0.49% | −0.11 |
| XLC SS Comm Select Sector SPDR | Reduce -2.0% | 0.83% | −0.09 |
| J Jacobs Solutions Inc. | Reduce -0.3% | 1.29% | −0.08 |
| PHYS Sprott Physical Gold Trust | Reduce -8.4% | 1.98% | −0.07 |
| XIFR XPLR Infrastructure LP | Reduce -16.3% | 0.40% | −0.06 |
| NVDA Nvidia Corp. | Reduce -2.2% | 0.38% | −0.04 |
| EMA Emera Inc. | Reduce -8.1% | 0.73% | −0.04 |
| GOOG Alphabet Inc. Class C | Reduce -0.3% | 0.29% | −0.03 |
| VCSH Vanguard S/T Corp. Bond ETF | Reduce -0.1% | 1.17% | −0.03 |
| ANET Arista Networks Inc. | Reduce -8.0% | 0.15% | −0.03 |
| SGOL Abrdn Physical Gold Shares | Reduce -7.1% | 1.92% | −0.01 |
| C Citigroup Inc. | Reduce -2.5% | 0.14% | −0.01 |
| RTX RTX Corp. | Reduce -3.6% | 2.52% | −0.01 |
| GLD SPDR Gold Shares | Reduce -6.7% | 0.75% | −0.00 |
| BTI British American Tob-SP ADR | Reduce -0.3% | 0.29% | +0.00 |
| UNP Union Pacific Corp. | Reduce -2.1% | 0.53% | +0.00 |
| CB Chubb Ltd. | Reduce -0.3% | 1.55% | +0.04 |
| PEP Pepsico Inc. | Reduce -2.6% | 1.07% | +0.04 |
| AEM Agnico Eagle Mines Ltd. | Reduce -7.8% | 0.55% | +0.04 |
| XOM Exxon Mobil Corp. | Reduce -9.1% | 0.22% | +0.05 |
| PFE Pfizer Inc. | Reduce -1.2% | 0.90% | +0.08 |
| ENB Enbridge Inc. | Reduce -1.9% | 1.48% | +0.12 |
| RGLD Royal Gold Inc. | Reduce -0.0% | 1.18% | +0.13 |
| SRE Sempra | Reduce -0.0% | 1.81% | +0.14 |
| APD Air Products & Chemicals Inc. | Reduce -3.0% | 2.22% | +0.24 |
| MRK Merck & Co. Inc. | Reduce -0.6% | 2.31% | +0.24 |
| PBA Pembina Pipeline Corp. | Reduce -0.2% | 2.47% | +0.33 |
| PWR Quanta Services Inc. | Reduce -2.0% | 1.69% | +0.34 |
Portfolio Buys Q4 2025 → Q1 2026
| PROSHARES SHORT S&P500 | Add +670.7% | 1.65% | +1.44 |
| WTRG Essential Utilities Inc. | Add +105.6% | 1.98% | +1.05 |
| IFF Intl Flavors & Fragrances | New | 0.69% | +0.69 |
| NFLX Netflix Inc. | New | 0.30% | +0.30 |
| SKM SK Telecom Co. Ltd.-Spon ADR | New | 0.27% | +0.27 |
| POR Portland General Electric Co. | Add +18.2% | 1.11% | +0.24 |
| HACK Amplify Cybersecurity ETF | New | 0.19% | +0.19 |
| NOW ServiceNow Inc. | New | 0.18% | +0.18 |
| ALERIAN MLP ETF | Add +46.5% | 0.42% | +0.16 |
| WAT Waters Corp. | New | 0.15% | +0.15 |
| BEP Brookfield Renewable Partner | New | 0.14% | +0.14 |
| DUK Duke Energy Corp. | New | 0.13% | +0.13 |
| COR Cencora Inc. | New | 0.13% | +0.13 |
| NFG National Fuel Gas Co. | Add +14.5% | 0.25% | +0.06 |
| SPDN Dir DLY SP 500 BR 1X ETF-Usi | Add +60.0% | 0.13% | +0.05 |
| MLPX Global X MLP & Energy Infras | Add +0.0% | 0.16% | +0.03 |
| ORBS Eightco Holdings Inc. | New | 0.01% | +0.01 |
| VTEI Vanguard Int Tax-Exempt Bond | Add +2.6% | 0.88% | +0.00 |
| SHY iShares 1-3 Year Treasury Bo | Add +1.6% | 0.37% | −0.00 |
| BSV Vanguard Short-Term Bond ETF | Add +0.0% | 0.30% | −0.01 |
| ORI Old Republic Intl Corp. | Add +2.2% | 0.50% | −0.07 |
| ABT Abbott Laboratories | Add +14.4% | 1.78% | −0.15 |
| MDT Medtronic PLC | Add +2.4% | 1.65% | −0.17 |
| AMZN Amazon.com Inc. | Add +0.1% | 1.96% | −0.25 |
| BDX Becton Dickinson and Co. | Add +4.5% | 1.28% | −0.26 |
| MSFT Microsoft Corp. | Add +1.5% | 1.38% | −0.43 |
Notes & Other Activity Q4 2025 → Q1 2026
| RLJ LODGING TRUST (RLJ 1.95 PERP A) | CUM CONV PFD A | Add +20.6% | 12,600 | $303K |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
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 |