SEC 13F Intelligence

Managers / Q1 2026

SFE Investment Counsel

CIK 0001317784 · 801 SOUTH FIGUEROA STREET, SUITE 610, LOS ANGELES, CA, 90017 · 213-612-0220

Reported Value
$635M
Q1 2026
Positions
143
Filings on Record
30
2019–present window
Filed
May 1, 2026
original filing

Summary

Sfe Investment Counsel reported $635M in U.S.-listed holdings across 143 positions for Q1 2026.

Its largest position, NVDA, represents 3.7% of the portfolio.

Compared with Q4 2025, the fund opened 7 new positions and exited 10.

Portfolio Metrics

Turnover
+8.1%
vs prior filed quarter
Top-10 Concentration
+28.4%
share of reported value
Largest Position
+3.7%
Nvidia Corporation
New / Exited
7 / 10
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $195MQ4 ’18Q1 ’19: $222MQ2 ’19: $234MQ3 ’19: $237MQ4 ’19: $245MQ4 ’19Q1 ’20: $182MQ2 ’20: $226MQ3 ’20: $251MQ4 ’20: $315MQ4 ’20Q1 ’21: $344MQ2 ’21: $364MQ3 ’21: $357MQ4 ’21: $389MQ4 ’21Q1 ’22: $395MQ2 ’22: $335MQ3 ’22: $317MQ4 ’22: $321MQ4 ’22Q1 ’23: $323MQ2 ’23: $353MQ3 ’23: $344MQ4 ’23: $384MQ4 ’23Q1 ’24: $441MQ2 ’24: $451MQ3 ’24: $480MQ4 ’24: $471MQ4 ’24Q1 ’25: $501MQ2 ’25: $568MQ3 ’25: $626MQ4 ’25: $653MQ4 ’25Q1 ’26: $635Mfilingsflow.com

Portfolio Composition

By security type
Common Stock: 83.7%ETP: 13.5%Other: 1.9%REIT: 0.8%ADR: 0.1%Other: 0.0%
  • Common Stock · 83.7% · $531M
  • ETP · 13.5% · $86M
  • Other · 1.9% · $12M
  • REIT · 0.8% · $5M
  • ADR · 0.1% · $400,471
  • Other · 0.0% · $96,633

Quarter-over-Quarter Changes full breakdown →

vs Q4 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
NOWSERVICENOW INCNEW+26.9K26.9K+$3M$3M
ASTRAZENECA PLCNEW+7.8K7.8K+$2M$2M
CRCLCIRCLE INTERNET GROUP INCNEW+19.0K19.0K+$2M$2M
WATWATERS CORPNEW+1.9K1.9K+$569,691$569,691
MLB1MERCADOLIBRE INCNEW+210210+$363,094$363,094
EXMOCEXXON MOBIL CORPNEW+1.4K1.4K+$232,434$232,434
DVLTDATAVAULT AI INCNEW+14.5K14.5K+$8,965$8,965
CHVCHEVRON CORPORATIONADDED+16.6K31.9K+$7M$9M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q1 2026

41 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1INVESCO EXCH TRD SLF IDX FDINVSCO 28 HYCORP · BULETSHS 2027 · BULETSHS 2029 HG · INVSCO BLSH 28 · BULLETSHS 2030 · INVSCO BLSH 26 · BULSHS 2027 CB8.80%$56M2.61M
2NVDANVIDIA CORPORATIONhistory →COM3.75%$24M136.4K
3GOOGLALPHABET INCCAP STK CL A · CAP STK CL C3.58%$23M79.1K
4AAPLAPPLE INChistory →COM3.47%$22M86.9K
5MSFTMICROSOFT CORPhistory →COM3.34%$21M57.3K
6OKEONEOK INC NEWhistory →COM2.92%$19M205.0K
7AVGOBROADCOM INChistory →COM2.83%$18M57.9K
8JPMJPMORGAN CHASE & COhistory →COM2.76%$18M59.6K
9AMZNAMAZON COM INChistory →COM2.61%$17M79.6K
10NEENEXTERA ENERGY INChistory →COM2.56%$16M174.9K
11PANWPALO ALTO NETWORKS INChistory →COM2.14%$14M84.5K
12QCOMQUALCOMM INChistory →COM2.05%$13M101.0K
13LOWLOWES COS INChistory →COM2.03%$13M54.6K
14FSLRFIRST SOLAR INChistory →COM1.97%$12M63.3K
15USBUS BANCORPhistory →COM NEW1.83%$12M223.7K
16COSTCOSTCO WHOLESALE CORPORATIONhistory →COM1.75%$11M11.2K
17PWRQUANTA SVCS INChistory →COM1.66%$11M19.2K
18CMICUMMINS INChistory →COM1.64%$10M19.4K
19IQVIQVIA HLDGS INChistory →COM1.40%$9M51.9K
20LHLABCORP HOLDINGS INChistory →COM SHS1.38%$9M32.9K
21JJACOBS SOLUTIONS INChistory →COM1.36%$9M67.6K
22IBMINTERNATIONAL BUSINESS MACHShistory →COM1.32%$8M34.7K
23ABTABBOTT LABORATORIEShistory →COM1.32%$8M81.7K
24PRUPRUDENTIAL FINL INChistory →COM1.32%$8M85.7K
25LHXL3HARRIS TECHNOLOGIES INChistory →COM1.29%$8M23.7K
26URIUNITED RENTALS INChistory →COM1.26%$8M11.0K
27BXBLACKSTONE INChistory →COM1.21%$8M66.7K
28CLFCLEVELAND-CLIFFS INC NEWhistory →COM1.19%$8M895.5K
29WSMWILLIAMS SONOMA INChistory →COM1.17%$7M40.8K
30ISHARES TRCORE S&P500 ETF1.14%$7M11.1K
31EATON CORP PLCSHS1.13%$7M20.0K
32DHRDANAHER CORP DELhistory →COM1.08%$7M36.1K
33AMATAPPLIED MATLS INChistory →COM1.04%$7M19.3K
34JNJJOHNSON & JOHNSONhistory →COM1.02%$6M26.6K
35AMDADVANCED MICRO DEVICES INCCOM1.00%$6M31.1K
36HASIHA SUSTAINABLE INFRA CAP INCCOM0.92%$6M158.6K
37MRVLMARVELL TECHNOLOGY INCCOM0.89%$6M56.9K
38DCIDONALDSON INCCOM0.88%$6M65.8K
39HONGBPHONEYWELL INTL INCCOM0.86%$5M24.2K
40LLYELI LILLY & COCOM0.84%$5M5.8K
41UBERUBER TECHNOLOGIES INCCOM0.83%$5M73.4K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$635M143May 1, 202613F-HRchanges · EDGAR ↗
Q4 2025$653M146Feb 5, 202613F-HRchanges · EDGAR ↗
Q3 2025$626M147Nov 14, 202513F-HRchanges · EDGAR ↗
Q2 2025$568M141Aug 7, 202513F-HRchanges · EDGAR ↗
Q1 2025$501M140May 6, 202513F-HRchanges · EDGAR ↗
Q4 2024$471M114Jan 30, 202513F-HRchanges · EDGAR ↗
Q3 2024$480M116Oct 25, 202413F-HRchanges · EDGAR ↗
Q2 2024$451M119Aug 5, 202413F-HRchanges · EDGAR ↗
Q1 2024$441M117May 6, 202413F-HRchanges · EDGAR ↗
Q4 2023$384M112Jan 31, 202413F-HRchanges · EDGAR ↗
Q3 2023$344M117Oct 25, 202313F-HRchanges · EDGAR ↗
Q2 2023$353M113Jul 24, 202313F-HRchanges · EDGAR ↗
Q1 2023$323M111May 9, 202313F-HRchanges · EDGAR ↗
Q4 2022$321M112Feb 10, 202313F-HRchanges · EDGAR ↗
Q3 2022$317M113Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$335M120Aug 10, 202213F-HRchanges · EDGAR ↗
Q1 2022$395M122May 6, 202213F-HRchanges · EDGAR ↗
Q4 2021$389M119Feb 7, 202213F-HRchanges · EDGAR ↗
Q3 2021$357M118Nov 12, 202113F-HRchanges · EDGAR ↗
Q2 2021$364M118Aug 10, 202113F-HRchanges · EDGAR ↗
Q1 2021$344M117Apr 30, 202113F-HRchanges · EDGAR ↗
Q4 2020$315M111Feb 4, 202113F-HRchanges · EDGAR ↗
Q3 2020$251M108Nov 9, 202013F-HRchanges · EDGAR ↗
Q2 2020$226M104Aug 5, 202013F-HRchanges · EDGAR ↗
Q1 2020$182M101May 4, 202013F-HRchanges · EDGAR ↗
Q4 2019$245M113Jan 17, 202013F-HRchanges · EDGAR ↗
Q3 2019$237M118Oct 31, 201913F-HRchanges · EDGAR ↗
Q2 2019$234M111Jul 26, 201913F-HRchanges · EDGAR ↗
Q1 2019$222M116May 8, 201913F-HRchanges · EDGAR ↗
Q4 2018$195M119Feb 7, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.