SFE Investment Counsel
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 5, 2024), SFE Investment Counsel reported 119 stock positions worth $450.9 million. Its top holding was Nvidia (NVDA) at 4.2% of the portfolio, followed by Apple (AAPL, 4.1%) and Qualcomm (QCOM, 3.8%). Compared with Q1 2024, it opened 2 new positions, sold out of 1, added to 52 and reduced 57. The biggest buy was Apple (AAPL, shares +1%) and the biggest sale CVS Health (CVS, shares −78%).
- Most Recent 13F
- Q2 2026
- Location
- LOS ANGELES, CA
- CIK
- 0001317784
- Portfolio Value
- $450.9M (Q2 2024)
- SEC Filing
- 0001085146-24-003503 ↗ filed Aug 5, 2024
Holdings Value
Holdings 119 stocks · $450.9M
| NVDA Nvidia Corp. | 4.21% | 153,459 | $19.0M | Reduce -9.0% |
| AAPL Apple Inc. | 4.07% | 87,071 | $18.3M | Add +1.3% |
| QCOM Qualcomm Inc. | 3.82% | 86,435 | $17.2M | Reduce -7.5% |
| JPM JPMorgan Chase & Co. | 3.03% | 67,628 | $13.7M | Reduce -4.4% |
| AMZN Amazon.com Inc. | 2.74% | 63,865 | $12.3M | Reduce -3.0% |
| OKE Oneok Inc. | 2.73% | 151,141 | $12.3M | Reduce -3.1% |
| PANW Palo Alto Networks Inc. | 2.72% | 36,217 | $12.3M | Add +4.3% |
| AVGO Broadcom Inc. | 2.68% | 7,517 | $12.1M | Reduce -10.0% |
| CLF Cleveland-Cliffs Inc. | 2.60% | 760,734 | $11.7M | Add +4.0% |
| NEE Nextera Energy Inc. | 2.47% | 157,484 | $11.2M | Reduce -1.9% |
| FSLR First Solar Inc. | 2.47% | 49,397 | $11.1M | Reduce -10.6% |
| LOW Lowe's Cos Inc. | 2.37% | 48,511 | $10.7M | Add +2.6% |
| COST Costco Wholesale Corp. | 2.22% | 11,754 | $10.0M | Add +1.0% |
| USB US Bancorp | 1.83% | 207,674 | $8.2M | Add +2.1% |
| MSFT Microsoft Corp. | 1.82% | 18,379 | $8.2M | Add +5.2% |
| CMI Cummins Inc. | 1.65% | 26,932 | $7.5M | Reduce -2.0% |
| GOOGL Alphabet Inc. Class A | 1.64% | 40,540 | $7.4M | Reduce -4.2% |
| BSJQ Invesco Bulletshares 2026 HY | 1.64% | 320,043 | $7.4M | Add +3.1% |
| ABT Abbott Laboratories | 1.61% | 69,890 | $7.3M | Add +9.3% |
| BSJR Invesco Bulletshares 2027 HY | 1.50% | 306,798 | $6.8M | Add +31.2% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 1.47% | 38,430 | $6.6M | Add +4.5% |
| BSJS Invesco Bulletshares 2028 HY | 1.44% | 302,301 | $6.5M | Add +23.0% |
| BSJP Invesco Bulletshares 2025 HY | 1.41% | 276,906 | $6.3M | Reduce -0.7% |
| GOOG Alphabet Inc. Class C | 1.41% | 34,552 | $6.3M | Reduce -8.4% |
| DCI Donaldson Co. Inc. | 1.33% | 83,608 | $6.0M | Reduce -0.3% |
| PRU Prudential Financial Inc. | 1.28% | 49,269 | $5.8M | Add +0.1% |
| F Ford Motor Co. filed as FORD MTR CO DEL | 1.28% | 459,690 | $5.8M | Add +7.2% |
| WSM Williams-Sonoma Inc. | 1.25% | 20,034 | $5.7M | Reduce -14.5% |
| HASI Ha Sustainable Infrastructur filed as HANNON ARMSTRONG SUST INFR C | 1.20% | 182,820 | $5.4M | Add +0.8% |
| ABBV Abbvie Inc. | 1.20% | 31,484 | $5.4M | Reduce -0.5% |
| AWK American Water Works Co. Inc. | 1.19% | 41,592 | $5.4M | Add +20.5% |
| BX Blackstone Inc. | 1.15% | 41,727 | $5.2M | Add +0.1% |
| J Jacobs Solutions Inc. | 1.14% | 36,747 | $5.1M | Add +7.8% |
| LHX L3HARRIS Technologies Inc. | 1.13% | 22,587 | $5.1M | Add +1.1% |
| FISV Fiserv Inc. | 1.10% | 33,337 | $5.0M | Reduce -2.9% |
| BDX Becton Dickinson and Co. | 1.10% | 21,230 | $5.0M | Reduce -1.4% |
| ROP Roper Technologies Inc. | 1.09% | 8,714 | $4.9M | Add +1.7% |
| LH Labcorp Holdings Inc. | 1.07% | 23,678 | $4.8M | Add +180.3% |
| ZTS Zoetis Inc. | 1.04% | 26,947 | $4.7M | Add +15.8% |
| BSJT Invesco Bulletshares 2029 HY | 0.98% | 210,191 | $4.4M | Add +103.6% |
| HON Honeywell International Inc. | 0.98% | 20,613 | $4.4M | Add +2.4% |
| URI United Rentals Inc. | 0.97% | 6,789 | $4.4M | Add +1.9% |
| DHR Danaher Corp. | 0.89% | 15,970 | $4.0M | Add +9.1% |
| WY Weyerhaeuser Co. | 0.84% | 134,180 | $3.8M | Reduce -3.0% |
| BSCS Invesco Bulletshares 2028 CB | 0.81% | 183,598 | $3.7M | Add +18.4% |
| JNJ Johnson & Johnson | 0.81% | 24,886 | $3.6M | Add +12.4% |
| AMAT Applied Materials Inc. | 0.79% | 15,177 | $3.6M | Reduce -8.4% |
| FDX FedEx Corp. | 0.79% | 11,837 | $3.5M | Reduce -1.4% |
| BSCQ Invesco Bulletshares 2026 CB | 0.73% | 171,574 | $3.3M | Add +7.5% |
| BSCR Invesco Bulletshares 2027 CB | 0.71% | 165,498 | $3.2M | Add +19.4% |
| EIX Edison International | 0.68% | 42,600 | $3.1M | Add +3.1% |
| CSCO Cisco Systems Inc. | 0.66% | 62,620 | $3.0M | Add +3.2% |
| CWH Camping World Holdings Inc. Class A | 0.62% | 157,179 | $2.8M | Add +13.3% |
| AMD Advanced Micro Devices | 0.62% | 17,220 | $2.8M | Add +17.7% |
| CVX Chevron Corp. | 0.61% | 17,545 | $2.7M | Reduce -3.0% |
| ETN Eaton Corp. PLC | 0.59% | 8,550 | $2.7M | Reduce -6.0% |
| PFE Pfizer Inc. | 0.59% | 94,579 | $2.6M | Reduce -7.2% |
| IQV Iqvia Holdings Inc. | 0.58% | 12,372 | $2.6M | Add +287.8% |
| GE General Electric filed as GE AEROSPACE | 0.58% | 16,342 | $2.6M | Reduce -3.0% |
| BSCP Invesco Bulletshares 2025 CB | 0.57% | 125,178 | $2.6M | Reduce -6.2% |
| BMY Bristol-Myers Squibb Co. | 0.50% | 54,556 | $2.3M | Reduce -9.2% |
| DE Deere & Co. | 0.49% | 5,877 | $2.2M | Add +1.4% |
| PWR Quanta Services Inc. | 0.47% | 8,275 | $2.1M | Reduce -5.8% |
| XYL Xylem Inc. | 0.46% | 15,300 | $2.1M | Reduce -1.2% |
| SYY Sysco Corp. | 0.44% | 27,482 | $2.0M | Add +2.1% |
| TNC Tennant Co. | 0.41% | 18,929 | $1.9M | Reduce -2.1% |
| THO Thor Industries Inc. | 0.41% | 19,755 | $1.8M | Reduce -2.7% |
| BSJO Invesco Bulletshares 2024 HY | 0.41% | 80,433 | $1.8M | Reduce -60.9% |
| BSCT Invesco Bulletshares 2029 CB | 0.38% | 94,242 | $1.7M | Add +178.4% |
| KMI Kinder Morgan Inc. | 0.38% | 85,995 | $1.7M | Reduce -1.2% |
| TTEK Tetra Tech Inc. | 0.35% | 7,651 | $1.6M | Reduce -0.2% |
| EQAL Invesco Russell 1000 Equal W | 0.34% | 34,766 | $1.6M | Add +0.8% |
| CLH Clean Harbors Inc. | 0.34% | 6,794 | $1.5M | Reduce -0.6% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.32% | 3,537 | $1.4M | Reduce -10.4% |
| PNW Pinnacle West Capital | 0.31% | 18,430 | $1.4M | Add +1.4% |
| BA The Boeing Co. | 0.29% | 7,227 | $1.3M | Reduce -1.5% |
| GEV GE Vernova Inc. | 0.29% | 7,565 | $1.3M | Add +79.6% |
| BEP Brookfield Renewable Partner | 0.29% | 51,927 | $1.3M | Add +3.1% |
| T AT&T Inc. | 0.28% | 65,854 | $1.3M | Reduce -0.9% |
| LMNR Limoneira Co. | 0.28% | 60,010 | $1.2M | No change |
| PI Impinj Inc. | 0.27% | 7,760 | $1.2M | Reduce -16.0% |
| DLR Digital Realty Trust Inc. | 0.23% | 6,864 | $1.0M | Reduce -3.5% |
| GLW Corning Inc. | 0.21% | 24,356 | $946K | No change |
| NFLX Netflix Inc. | 0.20% | 1,335 | $901K | Add +8.1% |
| CVS CVS Health Corp. | 0.20% | 15,130 | $894K | Reduce -78.2% |
| EWBC East West Bancorp Inc. | 0.17% | 10,675 | $782K | Add +23.8% |
| BSCO Invesco Bulletshares 2024 CB | 0.17% | 35,598 | $750K | Reduce -44.5% |
| RSPT Invesco S&P 500 Equal Weight | 0.15% | 17,880 | $655K | Reduce -4.5% |
| WDAY Workday Inc. Class A | 0.14% | 2,840 | $635K | No change |
| ISRG Intuitive Surgical Inc. | 0.14% | 1,404 | $625K | Reduce -0.4% |
| SHW The Sherwin-Williams Co. | 0.13% | 1,890 | $564K | Add +5.3% |
| EMR Emerson Electric Co. | 0.12% | 5,108 | $563K | Add +0.8% |
| BSJU Invesco Bulletshares 2030 HY | 0.12% | 21,646 | $550K | Add +12.0% |
| BSCU Invesco Bulletshares 2030 CB | 0.12% | 33,486 | $544K | Add +11.7% |
| MCHP Microchip Technology Inc. | 0.11% | 5,323 | $487K | Reduce -1.1% |
| ULTA Ulta Beauty Inc. | 0.10% | 1,205 | $465K | New |
| LLY Eli Lilly & Co. | 0.10% | 510 | $462K | No change |
| WAT Waters Corp. | 0.09% | 1,330 | $386K | Reduce -0.3% |
| ECL Ecolab Inc. | 0.08% | 1,599 | $381K | Reduce -0.6% |
| IBB iShares Biotechnology ETF | 0.08% | 2,769 | $380K | Add +3.3% |
Portfolio Sells Q1 2024 → Q2 2024
| CVS CVS Health Corp. | Reduce -78.2% | 0.20% | −1.06 |
| BSJO Invesco Bulletshares 2024 HY | Reduce -60.9% | 0.41% | −0.66 |
| WSM Williams-Sonoma Inc. | Reduce -14.5% | 1.25% | −0.43 |
| WY Weyerhaeuser Co. | Reduce -3.0% | 0.84% | −0.28 |
| BMY Bristol-Myers Squibb Co. | Reduce -9.2% | 0.50% | −0.24 |
| CMI Cummins Inc. | Reduce -2.0% | 1.65% | −0.18 |
| JPM JPMorgan Chase & Co. | Reduce -4.4% | 3.03% | −0.18 |
| FISV Fiserv Inc. | Reduce -2.9% | 1.10% | −0.14 |
| BSCO Invesco Bulletshares 2024 CB | Reduce -44.5% | 0.17% | −0.14 |
| THO Thor Industries Inc. | Reduce -2.7% | 0.41% | −0.13 |
| CTVA Corteva Inc. | Reduce -66.8% | 0.05% | −0.12 |
| TNC Tennant Co. | Reduce -2.1% | 0.41% | −0.12 |
| ABBV Abbvie Inc. | Reduce -0.5% | 1.20% | −0.11 |
| BDX Becton Dickinson and Co. | Reduce -1.4% | 1.10% | −0.11 |
| OKE Oneok Inc. | Reduce -3.1% | 2.73% | −0.10 |
| GE General Electric | Reduce -3.0% | 0.58% | −0.09 |
| DCI Donaldson Co. Inc. | Reduce -0.3% | 1.33% | −0.09 |
| ALB Albemarle Corp. | Reduce -26.3% | 0.06% | −0.06 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -10.4% | 0.32% | −0.06 |
| VREX Varex Imaging Corp. | Sold out | 0.00% | −0.06 |
| PFE Pfizer Inc. | Reduce -7.2% | 0.59% | −0.05 |
| PWR Quanta Services Inc. | Reduce -5.8% | 0.47% | −0.05 |
| BSCP Invesco Bulletshares 2025 CB | Reduce -6.2% | 0.57% | −0.05 |
| ETN Eaton Corp. PLC | Reduce -6.0% | 0.59% | −0.05 |
| BSJP Invesco Bulletshares 2025 HY | Reduce -0.7% | 1.41% | −0.04 |
| INTC Intel Corp. | Reduce -7.8% | 0.07% | −0.04 |
| CVX Chevron Corp. | Reduce -3.0% | 0.61% | −0.04 |
| TTWO Take-Two Interactive Softwre | Reduce -32.9% | 0.07% | −0.03 |
| BA The Boeing Co. | Reduce -1.5% | 0.29% | −0.03 |
| WAT Waters Corp. | Reduce -0.3% | 0.09% | −0.02 |
| NOC Northrop Grumman Corp. | Reduce -8.3% | 0.07% | −0.02 |
| SBUX Starbucks Corp. | Reduce -1.9% | 0.07% | −0.02 |
| UNH Unitedhealth Group Inc. | Reduce -19.1% | 0.06% | −0.01 |
| IYJ iShares U.S. Industrials ETF | Reduce -6.3% | 0.08% | −0.01 |
| XLB SS Materials Select Sector | Reduce -4.8% | 0.08% | −0.01 |
| XLF SS Financial Select Sector | Reduce -6.0% | 0.08% | −0.01 |
| RSPT Invesco S&P 500 Equal Weight | Reduce -4.5% | 0.15% | −0.00 |
| TIP iShares Tips Bond ETF | Reduce -1.4% | 0.05% | −0.00 |
| MCHP Microchip Technology Inc. | Reduce -1.1% | 0.11% | −0.00 |
| FDX FedEx Corp. | Reduce -1.4% | 0.79% | −0.00 |
| DLR Digital Realty Trust Inc. | Reduce -3.5% | 0.23% | −0.00 |
| ECL Ecolab Inc. | Reduce -0.6% | 0.08% | +0.00 |
| PI Impinj Inc. | Reduce -16.0% | 0.27% | +0.00 |
| XYL Xylem Inc. | Reduce -1.2% | 0.46% | +0.01 |
| ISRG Intuitive Surgical Inc. | Reduce -0.4% | 0.14% | +0.01 |
| T AT&T Inc. | Reduce -0.9% | 0.28% | +0.01 |
| KMI Kinder Morgan Inc. | Reduce -1.2% | 0.38% | +0.02 |
| AMAT Applied Materials Inc. | Reduce -8.4% | 0.79% | +0.02 |
| TTEK Tetra Tech Inc. | Reduce -0.2% | 0.35% | +0.03 |
| CLH Clean Harbors Inc. | Reduce -0.6% | 0.34% | +0.03 |
Portfolio Buys Q1 2024 → Q2 2024
| AAPL Apple Inc. | Add +1.3% | 4.07% | +0.73 |
| LH Labcorp Holdings Inc. | Add +180.3% | 1.07% | +0.65 |
| PANW Palo Alto Networks Inc. | Add +4.3% | 2.72% | +0.49 |
| BSJT Invesco Bulletshares 2029 HY | Add +103.6% | 0.98% | +0.48 |
| IQV Iqvia Holdings Inc. | Add +287.8% | 0.58% | +0.40 |
| BSJR Invesco Bulletshares 2027 HY | Add +31.2% | 1.50% | +0.32 |
| COST Costco Wholesale Corp. | Add +1.0% | 2.22% | +0.28 |
| BSCT Invesco Bulletshares 2029 CB | Add +178.4% | 0.38% | +0.24 |
| AWK American Water Works Co. Inc. | Add +20.5% | 1.19% | +0.24 |
| BSJS Invesco Bulletshares 2028 HY | Add +23.0% | 1.44% | +0.23 |
| MSFT Microsoft Corp. | Add +5.2% | 1.82% | +0.16 |
| ZTS Zoetis Inc. | Add +15.8% | 1.04% | +0.14 |
| GEV GE Vernova Inc. | Add +79.6% | 0.29% | +0.12 |
| BSCS Invesco Bulletshares 2028 CB | Add +18.4% | 0.81% | +0.11 |
| ULTA Ulta Beauty Inc. | New | 0.10% | +0.10 |
| BSCR Invesco Bulletshares 2027 CB | Add +19.4% | 0.71% | +0.10 |
| DHR Danaher Corp. | Add +9.1% | 0.89% | +0.06 |
| LHX L3HARRIS Technologies Inc. | Add +1.1% | 1.13% | +0.05 |
| WFC Wells Fargo & Co. | New | 0.04% | +0.04 |
| HON Honeywell International Inc. | Add +2.4% | 0.98% | +0.04 |
| BSCQ Invesco Bulletshares 2026 CB | Add +7.5% | 0.73% | +0.03 |
| HASI Ha Sustainable Infrastructur | Add +0.8% | 1.20% | +0.03 |
| NFLX Netflix Inc. | Add +8.1% | 0.20% | +0.03 |
| AMD Advanced Micro Devices | Add +17.7% | 0.62% | +0.02 |
| BEP Brookfield Renewable Partner | Add +3.1% | 0.29% | +0.02 |
| EWBC East West Bancorp Inc. | Add +23.8% | 0.17% | +0.02 |
| EIX Edison International | Add +3.1% | 0.68% | +0.02 |
| JNJ Johnson & Johnson | Add +12.4% | 0.81% | +0.01 |
| BSJU Invesco Bulletshares 2030 HY | Add +12.0% | 0.12% | +0.01 |
| BSCU Invesco Bulletshares 2030 CB | Add +11.7% | 0.12% | +0.01 |
| BSJQ Invesco Bulletshares 2026 HY | Add +3.1% | 1.64% | +0.01 |
| PNW Pinnacle West Capital | Add +1.4% | 0.31% | +0.00 |
| ROP Roper Technologies Inc. | Add +1.7% | 1.09% | +0.00 |
| IBB iShares Biotechnology ETF | Add +3.3% | 0.08% | +0.00 |
| V Visa Inc. Class A | Add +1.1% | 0.05% | −0.00 |
| EMR Emerson Electric Co. | Add +0.8% | 0.12% | −0.01 |
| ERII Energy Recovery Inc. | Add +0.2% | 0.05% | −0.01 |
| F Ford Motor Co. | Add +7.2% | 1.28% | −0.01 |
| SHW The Sherwin-Williams Co. | Add +5.3% | 0.13% | −0.02 |
| EQAL Invesco Russell 1000 Equal W | Add +0.8% | 0.34% | −0.02 |
| CRSP Crispr Therapeutics AG | Add +3.6% | 0.07% | −0.02 |
| CSCO Cisco Systems Inc. | Add +3.2% | 0.66% | −0.03 |
| PRU Prudential Financial Inc. | Add +0.1% | 1.28% | −0.03 |
| ABT Abbott Laboratories | Add +9.3% | 1.61% | −0.04 |
| J Jacobs Solutions Inc. | Add +7.8% | 1.14% | −0.05 |
| DE Deere & Co. | Add +1.4% | 0.49% | −0.05 |
| SYY Sysco Corp. | Add +2.1% | 0.44% | −0.06 |
| BX Blackstone Inc. | Add +0.1% | 1.15% | −0.09 |
| URI United Rentals Inc. | Add +1.9% | 0.97% | −0.12 |
| IBM Intl Business Machines Corp. | Add +4.5% | 1.47% | −0.12 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 149 | $726.4M | NVDA, PANW, AAPL, MSFT, AVGO |
| Q1 2026 | 140 | $624.2M | NVDA, AAPL, MSFT, OKE, AVGO |
| Q4 2025 | 143 | $641.3M | MSFT, NVDA, AAPL, JPM, AVGO |
| Q3 2025 | 147 | $626.3M | MSFT, NVDA, AAPL, JPM, AVGO |
| Q2 2025 | 141 | $567.9M | MSFT, NVDA, JPM, AAPL, AMZN |
| Q1 2025 | 140 | $500.5M | AAPL, NVDA, JPM, QCOM, OKE |
| Q4 2024 | 114 | $470.9M | AAPL, NVDA, JPM, AVGO, AMZN |
| Q3 2024 | 116 | $480.1M | AAPL, NVDA, QCOM, JPM, OKE |
| Q2 2024 | 119 | $450.9M | NVDA, AAPL, QCOM, JPM, AMZN |
| Q1 2024 | 117 | $441.4M | CLF, QCOM, NVDA, AAPL, JPM |