SFE Investment Counsel
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed October 25, 2024), SFE Investment Counsel reported 116 stock positions worth $480.1 million. Its top holding was Apple (AAPL) at 4.2% of the portfolio, followed by Nvidia (NVDA, 3.7%) and Qualcomm (QCOM, 3.0%). Compared with Q2 2024, it opened 1 new position, sold out of 5, added to 54 and reduced 55. The biggest buy was Lowe's Cos (LOW, shares +1%) and the biggest sale Qualcomm (QCOM, shares −1%).
- Most Recent 13F
- Q2 2026
- Location
- LOS ANGELES, CA
- CIK
- 0001317784
- Portfolio Value
- $480.1M (Q3 2024)
- SEC Filing
- 0001085146-24-005141 ↗ filed Oct 25, 2024
Holdings Value
Holdings 116 stocks · $480.1M
| AAPL Apple Inc. | 4.17% | 85,984 | $20.0M | Reduce -1.3% |
| NVDA Nvidia Corp. | 3.71% | 146,492 | $17.8M | Reduce -4.5% |
| QCOM Qualcomm Inc. | 3.04% | 85,779 | $14.6M | Reduce -0.8% |
| JPM JPMorgan Chase & Co. | 2.93% | 66,599 | $14.0M | Reduce -1.5% |
| OKE Oneok Inc. | 2.82% | 148,299 | $13.5M | Reduce -1.9% |
| LOW Lowe's Cos Inc. | 2.77% | 49,018 | $13.3M | Add +1.1% |
| NEE Nextera Energy Inc. | 2.73% | 155,212 | $13.1M | Reduce -1.4% |
| PANW Palo Alto Networks Inc. | 2.58% | 36,241 | $12.4M | Add +0.1% |
| AVGO Broadcom Inc. | 2.57% | 71,399 | $12.3M | Reduce -5.0% |
| FSLR First Solar Inc. | 2.52% | 48,580 | $12.1M | Reduce -1.6% |
| AMZN Amazon.com Inc. | 2.48% | 63,980 | $11.9M | Add +0.2% |
| CLF Cleveland-Cliffs Inc. | 2.31% | 868,670 | $11.1M | Add +14.2% |
| COST Costco Wholesale Corp. | 2.12% | 11,470 | $10.2M | Reduce -2.4% |
| USB US Bancorp | 1.98% | 207,732 | $9.5M | Add +0.0% |
| MSFT Microsoft Corp. | 1.85% | 20,664 | $8.9M | Add +12.4% |
| CMI Cummins Inc. | 1.81% | 26,889 | $8.7M | Reduce -0.2% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 1.77% | 38,518 | $8.5M | Add +0.2% |
| ABT Abbott Laboratories | 1.72% | 72,343 | $8.2M | Add +3.5% |
| BSJQ Invesco Bulletshares 2026 HY | 1.51% | 308,774 | $7.2M | Reduce -3.5% |
| BSJR Invesco Bulletshares 2027 HY | 1.48% | 313,629 | $7.1M | Add +2.2% |
| BSJS Invesco Bulletshares 2028 HY | 1.44% | 312,884 | $6.9M | Add +3.5% |
| GOOGL Alphabet Inc. Class A | 1.41% | 40,934 | $6.8M | Add +1.0% |
| LH Labcorp Holdings Inc. | 1.34% | 28,779 | $6.4M | Add +21.5% |
| HASI Ha Sustainable Infrastructur | 1.34% | 186,224 | $6.4M | Add +1.9% |
| BX Blackstone Inc. | 1.32% | 41,407 | $6.3M | Reduce -0.8% |
| AWK American Water Works Co. Inc. | 1.31% | 43,010 | $6.3M | Add +3.4% |
| WSM Williams-Sonoma Inc. | 1.30% | 40,195 | $6.2M | Add +0.3% |
| ABBV Abbvie Inc. | 1.29% | 31,478 | $6.2M | Reduce -0.0% |
| BSJP Invesco Bulletshares 2025 HY | 1.29% | 267,508 | $6.2M | Reduce -3.4% |
| DCI Donaldson Co. Inc. | 1.28% | 83,245 | $6.1M | Reduce -0.4% |
| PRU Prudential Financial Inc. | 1.27% | 50,173 | $6.1M | Add +1.8% |
| FISV Fiserv Inc. | 1.25% | 33,489 | $6.0M | Add +0.5% |
| GOOG Alphabet Inc. Class C | 1.21% | 34,659 | $5.8M | Add +0.3% |
| URI United Rentals Inc. | 1.20% | 7,105 | $5.8M | Add +4.7% |
| F Ford Motor Co. filed as FORD MTR CO | 1.13% | 514,445 | $5.4M | Add +11.9% |
| LHX L3HARRIS Technologies Inc. | 1.13% | 22,779 | $5.4M | Add +0.8% |
| BSJT Invesco Bulletshares 2029 HY | 1.12% | 246,294 | $5.4M | Add +17.2% |
| ZTS Zoetis Inc. | 1.12% | 27,461 | $5.4M | Add +1.9% |
| BDX Becton Dickinson and Co. | 1.12% | 22,222 | $5.4M | Add +4.7% |
| ROP Roper Technologies Inc. | 1.03% | 8,879 | $4.9M | Add +1.9% |
| J Jacobs Solutions Inc. | 1.01% | 37,090 | $4.9M | Add +0.9% |
| DHR Danaher Corp. | 0.98% | 16,870 | $4.7M | Add +5.6% |
| WY Weyerhaeuser Co. | 0.95% | 135,120 | $4.6M | Add +0.7% |
| HON Honeywell International Inc. | 0.92% | 21,438 | $4.4M | Add +4.0% |
| JNJ Johnson & Johnson | 0.86% | 25,391 | $4.1M | Add +2.0% |
| IQV Iqvia Holdings Inc. | 0.84% | 16,939 | $4.0M | Add +36.9% |
| BSCS Invesco Bulletshares 2028 CB | 0.80% | 187,504 | $3.9M | Add +2.1% |
| EIX Edison International | 0.78% | 42,730 | $3.7M | Add +0.3% |
| BSCQ Invesco Bulletshares 2026 CB | 0.71% | 174,420 | $3.4M | Add +1.7% |
| BSCR Invesco Bulletshares 2027 CB | 0.71% | 172,924 | $3.4M | Add +4.5% |
| FDX FedEx Corp. | 0.71% | 12,387 | $3.4M | Add +4.7% |
| CSCO Cisco Systems Inc. | 0.70% | 63,320 | $3.4M | Add +1.1% |
| ETN Eaton Corp. PLC | 0.69% | 9,956 | $3.3M | Add +16.4% |
| AMD Advanced Micro Devices | 0.65% | 19,026 | $3.1M | Add +10.5% |
| AMAT Applied Materials Inc. | 0.63% | 14,952 | $3.0M | Reduce -1.5% |
| GE General Electric filed as GE AEROSPACE | 0.62% | 15,860 | $3.0M | Reduce -3.0% |
| PWR Quanta Services Inc. | 0.57% | 9,184 | $2.7M | Add +11.0% |
| CVX Chevron Corp. | 0.54% | 17,515 | $2.6M | Reduce -0.2% |
| PFE Pfizer Inc. | 0.54% | 89,065 | $2.6M | Reduce -5.8% |
| BSCP Invesco Bulletshares 2025 CB | 0.53% | 122,607 | $2.5M | Reduce -2.0% |
| XYL Xylem Inc. | 0.53% | 18,750 | $2.5M | Add +22.6% |
| DE Deere & Co. | 0.51% | 5,897 | $2.5M | Add +0.3% |
| BMY Bristol-Myers Squibb Co. | 0.49% | 45,631 | $2.4M | Reduce -16.4% |
| BSCT Invesco Bulletshares 2029 CB | 0.46% | 117,482 | $2.2M | Add +24.7% |
| GEV GE Vernova Inc. | 0.46% | 8,640 | $2.2M | Add +14.2% |
| CWH Camping World Holdings Inc. Class A | 0.45% | 89,256 | $2.2M | Reduce -43.2% |
| THO Thor Industries Inc. | 0.43% | 18,728 | $2.1M | Reduce -5.2% |
| ULTA Ulta Beauty Inc. | 0.42% | 5,123 | $2.0M | Add +325.1% |
| KMI Kinder Morgan Inc. | 0.39% | 84,995 | $1.9M | Reduce -1.2% |
| TNC Tennant Co. | 0.38% | 18,824 | $1.8M | Reduce -0.6% |
| TTEK Tetra Tech Inc. | 0.36% | 36,330 | $1.7M | Reduce -5.0% |
| PNW Pinnacle West Capital | 0.34% | 18,395 | $1.6M | Reduce -0.2% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.34% | 3,497 | $1.6M | Reduce -1.1% |
| LMNR Limoneira Co. | 0.33% | 60,010 | $1.6M | No change |
| EQAL Invesco Russell 1000 Equal W | 0.33% | 32,533 | $1.6M | Reduce -6.4% |
| PI Impinj Inc. | 0.32% | 7,140 | $1.5M | Reduce -8.0% |
| CLH Clean Harbors Inc. | 0.32% | 6,297 | $1.5M | Reduce -7.3% |
| BEP Brookfield Renewable Partner | 0.32% | 53,708 | $1.5M | Add +3.4% |
| T AT&T Inc. | 0.28% | 61,674 | $1.4M | Reduce -6.3% |
| AMTM Amentum Holdings Inc. | 0.25% | 37,090 | $1.2M | Add +0.9% |
| SYY Sysco Corp. | 0.23% | 14,093 | $1.1M | Reduce -48.7% |
| GLW Corning Inc. | 0.23% | 24,356 | $1.1M | No change |
| DLR Digital Realty Trust Inc. | 0.20% | 6,054 | $980K | Reduce -11.8% |
| NFLX Netflix Inc. | 0.20% | 1,335 | $947K | No change |
| EWBC East West Bancorp Inc. | 0.19% | 10,755 | $890K | Add +0.8% |
| BSJU Invesco Bulletshares 2030 HY | 0.17% | 30,256 | $798K | Add +39.8% |
| BA The Boeing Co. | 0.16% | 4,982 | $757K | Reduce -31.1% |
| BSJO Invesco Bulletshares 2024 HY | 0.15% | 32,564 | $740K | Reduce -59.5% |
| SHW The Sherwin-Williams Co. | 0.15% | 1,875 | $716K | Reduce -0.8% |
| WDAY Workday Inc. Class A | 0.15% | 2,895 | $708K | Add +1.9% |
| ISRG Intuitive Surgical Inc. | 0.14% | 1,354 | $665K | Reduce -3.6% |
| RSPT Invesco S&P 500 Equal Weight | 0.13% | 17,067 | $643K | Reduce -4.5% |
| EMR Emerson Electric Co. | 0.13% | 5,775 | $632K | Add +13.1% |
| BSCU Invesco Bulletshares 2030 CB | 0.13% | 36,354 | $616K | Add +8.6% |
| BSCO Invesco Bulletshares 2024 CB | 0.12% | 26,129 | $552K | Reduce -26.6% |
| WAT Waters Corp. | 0.10% | 1,279 | $460K | Reduce -3.8% |
| MCHP Microchip Technology Inc. | 0.09% | 5,143 | $413K | Reduce -3.4% |
| NOC Northrop Grumman Corp. | 0.09% | 778 | $411K | Add +0.7% |
| LLY Eli Lilly & Co. | 0.08% | 450 | $399K | Reduce -11.8% |
| ECL Ecolab Inc. | 0.08% | 1,516 | $387K | Reduce -5.2% |
Portfolio Sells Q2 2024 → Q3 2024
| QCOM Qualcomm Inc. | Reduce -0.8% | 3.04% | −0.78 |
| NVDA Nvidia Corp. | Reduce -4.5% | 3.71% | −0.50 |
| BSJO Invesco Bulletshares 2024 HY | Reduce -59.5% | 0.15% | −0.25 |
| SYY Sysco Corp. | Reduce -48.7% | 0.23% | −0.21 |
| CWH Camping World Holdings Inc. Class A | Reduce -43.2% | 0.45% | −0.17 |
| AMAT Applied Materials Inc. | Reduce -1.5% | 0.63% | −0.17 |
| BA The Boeing Co. | Reduce -31.1% | 0.16% | −0.13 |
| BSJQ Invesco Bulletshares 2026 HY | Reduce -3.5% | 1.51% | −0.13 |
| CVS CVS Health Corp. | Reduce -62.4% | 0.07% | −0.12 |
| BSJP Invesco Bulletshares 2025 HY | Reduce -3.4% | 1.29% | −0.12 |
| AVGO Broadcom Inc. | Reduce -5.0% | 2.57% | −0.11 |
| JPM JPMorgan Chase & Co. | Reduce -1.5% | 2.93% | −0.11 |
| COST Costco Wholesale Corp. | Reduce -2.4% | 2.12% | −0.10 |
| CVX Chevron Corp. | Reduce -0.2% | 0.54% | −0.07 |
| INTC Intel Corp. | Sold out | 0.00% | −0.07 |
| CTVA Corteva Inc. | Sold out | 0.00% | −0.05 |
| TIP iShares Tips Bond ETF | Sold out | 0.00% | −0.05 |
| V Visa Inc. Class A | Sold out | 0.00% | −0.05 |
| BSCO Invesco Bulletshares 2024 CB | Reduce -26.6% | 0.12% | −0.05 |
| PFE Pfizer Inc. | Reduce -5.8% | 0.54% | −0.05 |
| DCI Donaldson Co. Inc. | Reduce -0.4% | 1.28% | −0.05 |
| WFC Wells Fargo & Co. | Sold out | 0.00% | −0.04 |
| BSCP Invesco Bulletshares 2025 CB | Reduce -2.0% | 0.53% | −0.04 |
| TNC Tennant Co. | Reduce -0.6% | 0.38% | −0.04 |
| IGHG Proshares Ig Hedged | Reduce -43.5% | 0.04% | −0.04 |
| DLR Digital Realty Trust Inc. | Reduce -11.8% | 0.20% | −0.03 |
| STM Stmicroelectronics NV-NY SHS | Reduce -3.5% | 0.06% | −0.03 |
| CLH Clean Harbors Inc. | Reduce -7.3% | 0.32% | −0.02 |
| TTWO Take-Two Interactive Softwre | Reduce -26.3% | 0.05% | −0.02 |
| MCHP Microchip Technology Inc. | Reduce -3.4% | 0.09% | −0.02 |
| LLY Eli Lilly & Co. | Reduce -11.8% | 0.08% | −0.02 |
| ALB Albemarle Corp. | Reduce -20.4% | 0.05% | −0.02 |
| EQAL Invesco Russell 1000 Equal W | Reduce -6.4% | 0.33% | −0.01 |
| RSPT Invesco S&P 500 Equal Weight | Reduce -4.5% | 0.13% | −0.01 |
| BMY Bristol-Myers Squibb Co. | Reduce -16.4% | 0.49% | −0.01 |
| IBB iShares Biotechnology ETF | Reduce -6.1% | 0.08% | −0.01 |
| ECL Ecolab Inc. | Reduce -5.2% | 0.08% | −0.00 |
| XLB SS Materials Select Sector | Reduce -5.8% | 0.07% | −0.00 |
| XLF SS Financial Select Sector | Reduce -6.1% | 0.08% | −0.00 |
| IYJ iShares U.S. Industrials ETF | Reduce -6.0% | 0.08% | −0.00 |
| ISRG Intuitive Surgical Inc. | Reduce -3.6% | 0.14% | 0.00 |
| T AT&T Inc. | Reduce -6.3% | 0.28% | +0.00 |
| SBUX Starbucks Corp. | Reduce -10.1% | 0.08% | +0.00 |
| ERII Energy Recovery Inc. | Reduce -5.2% | 0.06% | +0.01 |
| TTEK Tetra Tech Inc. | Reduce -5.0% | 0.36% | +0.01 |
| WAT Waters Corp. | Reduce -3.8% | 0.10% | +0.01 |
| KMI Kinder Morgan Inc. | Reduce -1.2% | 0.39% | +0.01 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -1.1% | 0.34% | +0.02 |
| THO Thor Industries Inc. | Reduce -5.2% | 0.43% | +0.02 |
| SHW The Sherwin-Williams Co. | Reduce -0.8% | 0.15% | +0.02 |
Portfolio Buys Q2 2024 → Q3 2024
| LOW Lowe's Cos Inc. | Add +1.1% | 2.77% | +0.39 |
| ULTA Ulta Beauty Inc. | Add +325.1% | 0.42% | +0.31 |
| IBM Intl Business Machines Corp. | Add +0.2% | 1.77% | +0.30 |
| LH Labcorp Holdings Inc. | Add +21.5% | 1.34% | +0.27 |
| IQV Iqvia Holdings Inc. | Add +36.9% | 0.84% | +0.26 |
| URI United Rentals Inc. | Add +4.7% | 1.20% | +0.22 |
| GEV GE Vernova Inc. | Add +14.2% | 0.46% | +0.17 |
| FISV Fiserv Inc. | Add +0.5% | 1.25% | +0.15 |
| USB US Bancorp | Add +0.0% | 1.98% | +0.15 |
| BSJT Invesco Bulletshares 2029 HY | Add +17.2% | 1.12% | +0.14 |
| HASI Ha Sustainable Infrastructur | Add +1.9% | 1.34% | +0.14 |
| AWK American Water Works Co. Inc. | Add +3.4% | 1.31% | +0.12 |
| WY Weyerhaeuser Co. | Add +0.7% | 0.95% | +0.11 |
| ABT Abbott Laboratories | Add +3.5% | 1.72% | +0.11 |
| PWR Quanta Services Inc. | Add +11.0% | 0.57% | +0.10 |
| EIX Edison International | Add +0.3% | 0.78% | +0.10 |
| ETN Eaton Corp. PLC | Add +16.4% | 0.69% | +0.09 |
| DHR Danaher Corp. | Add +5.6% | 0.98% | +0.09 |
| ZTS Zoetis Inc. | Add +1.9% | 1.12% | +0.08 |
| BSCT Invesco Bulletshares 2029 CB | Add +24.7% | 0.46% | +0.08 |
| XYL Xylem Inc. | Add +22.6% | 0.53% | +0.07 |
| JNJ Johnson & Johnson | Add +2.0% | 0.86% | +0.05 |
| BSJU Invesco Bulletshares 2030 HY | Add +39.8% | 0.17% | +0.04 |
| TSLA Tesla Inc. | New | 0.04% | +0.04 |
| WSM Williams-Sonoma Inc. | Add +0.3% | 1.30% | +0.04 |
| CSCO Cisco Systems Inc. | Add +1.1% | 0.70% | +0.04 |
| AMD Advanced Micro Devices | Add +10.5% | 0.65% | +0.03 |
| MSFT Microsoft Corp. | Add +12.4% | 1.85% | +0.03 |
| BEP Brookfield Renewable Partner | Add +3.4% | 0.32% | +0.03 |
| DE Deere & Co. | Add +0.3% | 0.51% | +0.03 |
| BDX Becton Dickinson and Co. | Add +4.7% | 1.12% | +0.02 |
| EWBC East West Bancorp Inc. | Add +0.8% | 0.19% | +0.01 |
| NOC Northrop Grumman Corp. | Add +0.7% | 0.09% | +0.01 |
| BSCU Invesco Bulletshares 2030 CB | Add +8.6% | 0.13% | +0.01 |
| EMR Emerson Electric Co. | Add +13.1% | 0.13% | +0.01 |
| WDAY Workday Inc. Class A | Add +1.9% | 0.15% | +0.01 |
| BSCR Invesco Bulletshares 2027 CB | Add +4.5% | 0.71% | +0.00 |
| BSJS Invesco Bulletshares 2028 HY | Add +3.5% | 1.44% | +0.00 |
| LHX L3HARRIS Technologies Inc. | Add +0.8% | 1.13% | +0.00 |
| CRSP Crispr Therapeutics AG | Add +8.0% | 0.06% | −0.01 |
| BSCS Invesco Bulletshares 2028 CB | Add +2.1% | 0.80% | −0.01 |
| AMTM Amentum Holdings Inc. | Add +0.9% | 0.25% | −0.01 |
| PRU Prudential Financial Inc. | Add +1.8% | 1.27% | −0.01 |
| BSCQ Invesco Bulletshares 2026 CB | Add +1.7% | 0.71% | −0.02 |
| BSJR Invesco Bulletshares 2027 HY | Add +2.2% | 1.48% | −0.02 |
| HON Honeywell International Inc. | Add +4.0% | 0.92% | −0.05 |
| ROP Roper Technologies Inc. | Add +1.9% | 1.03% | −0.06 |
| FDX FedEx Corp. | Add +4.7% | 0.71% | −0.08 |
| J Jacobs Solutions Inc. | Add +0.9% | 1.01% | −0.13 |
| PANW Palo Alto Networks Inc. | Add +0.1% | 2.58% | −0.14 |
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 |