Q3 2026 13F · SEC CIK 1317784

SFE Investment Counsel

Wealth managerFiled 2026-10-29 for Q3 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $732.1M
Reported positions: 150
Top holdings a year, 3 yrs: +24.1%
Assets under management: $748.4M

SFE Investment Counsel is a wealth manager that reported 150 positions worth $732.1M in its Q3 2026 13F, filed 2026-10-29. Its largest holdings were Nvidia Corporation (NVDA, 4.4%), Microsoft Corp (MSFT, 4.1%), Palo Alto Networks Inc (PANW, 4.0%). A portfolio copying its top holdings returned 24.1% a year over the last 3 years, against 20.4% for the S&P 500.

SFE Investment Counsel holdings largest 50 of 150 positions.

Weights are shares of the filer's total reported 13F value, compared with Q2 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.

SFE Investment Counsel 13F holdings
Stock	% of 13F value	Q2 2026	Shares	Share change	Reported value
NVDANvidia Corporation	4.4%	3.8%	142,373	+2.4%	$32.5M
MSFTMicrosoft Corp	4.1%	3.0%	57,839	-0.6%	$29.7M
PANWPalo Alto Networks Inc	4.0%	3.8%	72,775	-9.6%	$28.9M
AAPLApple Inc	3.9%	3.4%	86,394	+0.4%	$28.8M
AVGOBroadcom Inc	2.8%	3.0%	59,183	+3.9%	$20.8M
AMZNAmazon Com Inc	2.8%	2.7%	82,156	+1.0%	$20.5M
JPMJpmorgan Chase & Co	2.6%	2.7%	58,267	-1.6%	$19.3M
QCOMQualcomm Inc	2.4%	2.3%	95,056	+3.1%	$17.5M
OKEOneok Inc New	2.3%	—	201,037	—	$17.1M
MRVLMarvell Technology Inc	2.1%	2.0%	57,141	+16.9%	$15.1M
GOOGLAlphabet Inc	2.1%	2.1%	43,707	+0.2%	$15.0M
IQVIqvia Hldgs Inc	2.0%	1.6%	55,206	-6.5%	$14.8M
NEENextera Energy Inc	1.9%	2.1%	185,451	+6.0%	$14.0M
AMDAdvanced Micro Devices Inc	1.8%	1.9%	21,540	-9.3%	$13.2M
USBUS Bancorp	1.7%	1.9%	220,740	-1.1%	$12.7M
FSLRFirst Solar Inc	1.7%	2.0%	69,125	+10.1%	$12.1M
URIUnited Rentals Inc	1.5%	1.8%	11,323	+0.5%	$11.3M
LHLabcorp Holdings Inc	1.5%	1.4%	36,127	-1.0%	$11.1M
GOOGAlphabet Inc	1.5%	1.6%	32,324	+0.3%	$11.0M
PWRQuanta Svcs Inc	1.5%	1.7%	16,637	-3.6%	$10.7M
JJacobs Solutions Inc	1.4%	1.3%	77,064	+2.6%	$10.4M
COSTCostco Wholesale Corporation	1.4%	1.4%	11,412	+3.1%	$10.4M
CLFCleveland-Cliffs Inc New	1.4%	1.2%	918,150	+0.7%	$10.1M
LOWLowes Cos Inc	1.4%	1.7%	54,715	-1.8%	$10.1M
CMICummins Inc	1.3%	1.8%	18,766	+2.9%	$9.7M
WSMWilliams Sonoma Inc	1.3%	1.3%	40,455	-2.3%	$9.2M
ABTAbbott Laboratories	1.2%	1.1%	89,643	-0.7%	$8.9M
IBMInternational Business Machs	1.2%	1.5%	39,413	+2.0%	$8.7M
DHRDanaher Corp Del	1.2%	1.0%	38,934	+0.6%	$8.6M
BXBlackstone Inc	1.2%	1.2%	76,664	+1.4%	$8.6M
HONAHoneywell Aerospace Inc	1.2%	—	54,624	—	$8.5M
ETNEaton Corp PLC	1.2%	1.1%	19,679	+0.5%	$8.5M
AMATApplied Matls Inc	1.2%	1.7%	16,520	-5.3%	$8.4M
BSJSInvesco Exch Trd Slf Idx Fd	1.1%	1.2%	391,812	+0.3%	$8.4M
BSCSInvesco Exch Trd Slf Idx Fd	1.1%	1.1%	416,452	+10.0%	$8.4M
IVVIshares Tr	1.1%	1.1%	10,856	-0.2%	$8.3M
BSJTInvesco Exch Trd Slf Idx Fd	1.1%	1.1%	391,328	+3.5%	$8.1M
BSJRInvesco Exch Trd Slf Idx Fd	1.0%	1.1%	345,932	-3.6%	$7.6M
LHXL3harris Technologies Inc	1.0%	1.0%	31,772	+33.6%	$7.5M
BSJUInvesco Exch Trd Slf Idx Fd	1.0%	1.0%	299,916	+9.2%	$7.5M
BSCTInvesco Exch Trd Slf Idx Fd	1.0%	0.9%	384,947	+11.8%	$7.0M
JNJJohnson & Johnson	0.9%	0.9%	26,118	-1.9%	$6.9M
LLYEli Lilly & Co	0.9%	1.0%	5,926	-0.8%	$6.9M
PRUPrudential Finl Inc	0.9%	1.3%	59,091	-34.6%	$6.7M
BSCRInvesco Exch Trd Slf Idx Fd	0.9%	0.9%	336,581	-0.2%	$6.6M
UBERUber Technologies Inc	0.9%	0.9%	92,459	+6.1%	$6.3M
DCIDonaldson Inc	0.8%	0.8%	66,519	+2.4%	$5.8M
TTEKTetra Tech Inc New	0.8%	—	174,835	—	$5.8M
BSCUInvesco Exch Trd Slf Idx Fd	0.8%	—	354,433	—	$5.7M
HASIHa Sustainable Infra Cap Inc	0.8%	0.8%	157,561	+1.8%	$5.6M

What SFE Investment Counsel bought and sold in Q3 2026, against Q2 2026.

New positions

Q2 2026's filing was too long to tell new positions apart.

Added to

LHX L3harris Technologies Inc+33.6% shares
MRVL Marvell Technology Inc+16.9% shares
BSCT Invesco Exch Trd Slf Idx Fd+11.8% shares
FSLR First Solar Inc+10.1% shares
BSCS Invesco Exch Trd Slf Idx Fd+10.0% shares
BSJU Invesco Exch Trd Slf Idx Fd+9.2% shares
UBER Uber Technologies Inc+6.1% shares
NEE Nextera Energy Inc+6.0% shares

Reduced

PRU Prudential Finl Inc-34.6% shares
PANW Palo Alto Networks Inc-9.6% shares
AMD Advanced Micro Devices Inc-9.3% shares
IQV Iqvia Hldgs Inc-6.5% shares
AMAT Applied Matls Inc-5.3% shares

Left the top 50

Share counts compared with the Q2 2026 13F; a split also changes share counts. The latest filing lists more than 50 positions, so a position that left the top 50 may still be held.

How the holdings did against the S&P 500.

1 year: +24.0% /yr; S&P 500 +20.1%
3 years: +24.1% /yr; S&P 500 +20.4%
5 years: +13.8% /yr; S&P 500 +11.6%

A portfolio of the filer's 20 largest 13F positions, weighted by value, bought the trading day after each 13F was filed and held until the next one was: what copying this filer could have earned. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.

Reported 13F value by quarter.

13F value by quarter
Quarter	13F value	Positions
Q3 2026	$732.1M	150
Q2 2026	$726.4M	149
Q1 2026	$624.2M	140
Q4 2025	$641.3M	143
Q3 2025	$626.3M	147
Q2 2025	$567.9M	141
Q1 2025	$500.5M	140
Q4 2024	$470.9M	114
Q3 2024	$480.1M	116
Q2 2024	$450.9M	119
Q1 2024	$441.4M	117
Q4 2023	$384.1M	112

Questions about SFE Investment Counsel's portfolio

What stocks does SFE Investment Counsel own?

SFE Investment Counsel's latest 13F, for Q3 2026 and filed Oct 29, 2026, lists 150 positions worth $732.1M. The largest are Nvidia Corporation (NVDA) at 4.4%, Microsoft Corp (MSFT) at 4.1%, Palo Alto Networks Inc (PANW) at 4.0%, Apple Inc (AAPL) at 3.9% and Broadcom Inc (AVGO) at 2.8%.

What did SFE Investment Counsel buy last quarter?

In Q3 2026, SFE Investment Counsel added L3harris Technologies Inc (LHX) (+33.6% shares), Marvell Technology Inc (MRVL) (+16.9% shares) and Invesco Exch Trd Slf Idx Fd (BSCT) (+11.8% shares), compared with its Q2 2026 filing.

What did SFE Investment Counsel sell last quarter?

In Q3 2026, SFE Investment Counsel cut from its top 50 Oneok Inc New (OKE), cut from its top 50 Cisco Sys Inc (CSCO), cut from its top 50 Kla Corp (KLAC), cut from its top 50 Xylem Inc (XYL), Prudential Finl Inc (PRU) (-34.6% shares), Palo Alto Networks Inc (PANW) (-9.6% shares) and Advanced Micro Devices Inc (AMD) (-9.3% shares), compared with its Q2 2026 filing.

How has SFE Investment Counsel's portfolio performed?

A portfolio copying SFE Investment Counsel's 20 largest 13F holdings each quarter, from the day each filing was public, returned +24.1% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: +24.0% against +20.1%. Over 5 years: +13.8% a year against +11.6%.

When is SFE Investment Counsel's next 13F filing due?

13F filings are due 45 days after each quarter ends. SFE Investment Counsel's filing for the quarter ending Dec 31, 2026 is due by Feb 14, 2027; this page updates the day after it is published.

How much money does SFE Investment Counsel manage?

SFE Investment Counsel reported $748.4M of regulatory assets under management on its latest SEC Form ADV. Its 13F, which covers only US-listed stocks and options, totals $732.1M.