13F HOLDINGS REPORT
SFE Investment Counsel
Quarter ended Q3 2025 · Filed November 14, 2025 · Accession 0001317784-25-000003
Total Value
$626.3M
Positions
147
Other Managers
0
Confidential Omitted
No
Holdings (147)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | MICROSOFT CORP | MSFT | 54,076 | $28.0M | 4.47% |
| 2 | NVIDIA CORPORATION | NVDA | 138,026 | $25.8M | 4.11% |
| 3 | APPLE INC | AAPL | 93,299 | $23.8M | 3.79% |
| 4 | JPMORGAN CHASE & CO. | VYLD | 62,370 | $19.7M | 3.14% |
| 5 | BROADCOM INC | AVGO | 54,297 | $17.9M | 2.86% |
| 6 | AMAZON COM INC | AMZN | 76,586 | $16.8M | 2.68% |
| 7 | QUALCOMM INC | QCOM | 96,457 | $16.0M | 2.56% |
| 8 | PALO ALTO NETWORKS INC | PANW | 76,960 | $15.7M | 2.50% |
| 9 | FIRST SOLAR INC | FSLR | 69,813 | $15.4M | 2.46% |
| 10 | ONEOK INC NEW | OKE | 191,627 | $14.0M | 2.23% |
| 11 | NEXTERA ENERGY INC | NEE-PW | 182,855 | $13.8M | 2.20% |
| 12 | ALPHABET INC | GOOG | 56,353 | $13.7M | 2.19% |
| 13 | LOWES COS INC | 548661107 | 53,837 | $13.5M | 2.16% |
| 14 | CLEVELAND-CLIFFS INC NEW | CLF | 1,003,105 | $12.2M | 1.95% |
| 15 | US BANCORP DEL | USB-PS | 232,185 | $11.2M | 1.79% |
| 16 | ABBOTT LABS | ABLZF | 79,954 | $10.7M | 1.71% |
| 17 | CUMMINS INC | CMI | 24,249 | $10.2M | 1.64% |
| 18 | ALPHABET INC | GOOG | 41,168 | $10.0M | 1.60% |
| 19 | UNITED RENTALS INC | URI | 10,467 | $10.0M | 1.60% |
| 20 | INTERNATIONAL BUSINESS MACHS | INTR | 34,667 | $9.8M | 1.56% |
| 21 | COSTCO WHSL CORP NEW | 22160K105 | 10,567 | $9.8M | 1.56% |
| 22 | IQVIA HLDGS INC | IQV | 48,898 | $9.3M | 1.48% |
| 23 | LABCORP HOLDINGS INC | LH | 31,439 | $9.0M | 1.44% |
| 24 | FISERV INC | FISV | 64,401 | $8.3M | 1.33% |
| 25 | INVESCO EXCH TRD SLF IDX FD | IVZ | 368,478 | $8.1M | 1.30% |
| 26 | L3HARRIS TECHNOLOGIES INC | LHX | 26,236 | $8.0M | 1.28% |
| 27 | INVESCO EXCH TRD SLF IDX FD | IVZ | 345,299 | $7.9M | 1.25% |
| 28 | PRUDENTIAL FINL INC | PUKPF | 74,983 | $7.8M | 1.24% |
| 29 | INVESCO EXCH TRD SLF IDX FD | IVZ | 356,720 | $7.7M | 1.23% |
| 30 | BLACKSTONE INC | BX | 43,560 | $7.4M | 1.19% |
| 31 | JACOBS SOLUTIONS INC | J | 49,007 | $7.3M | 1.17% |
| 32 | INVESCO EXCH TRD SLF IDX FD | IVZ | 311,239 | $7.3M | 1.16% |
| 33 | QUANTA SVCS INC | 74762E102 | 16,865 | $7.0M | 1.12% |
| 34 | XYLEM INC | XYL | 43,332 | $6.4M | 1.02% |
| 35 | DONALDSON INC | DCI | 76,672 | $6.3M | 1.00% |
| 36 | INVESCO EXCH TRD SLF IDX FD | IVZ | 304,914 | $6.3M | 1.00% |
| 37 | AMERICAN WTR WKS CO INC NEW | 030420103 | 45,040 | $6.3M | 1.00% |
| 38 | WILLIAMS SONOMA INC | WSM | 31,740 | $6.2M | 0.99% |
| 39 | ABBVIE INC | ABBV | 26,029 | $6.0M | 0.96% |
| 40 | INVESCO EXCH TRD SLF IDX FD | IVZ | 218,401 | $5.7M | 0.91% |
| 41 | EXPEDIA GROUP INC | EXPE | 26,249 | $5.6M | 0.90% |
| 42 | INVESCO EXCH TRD SLF IDX FD | IVZ | 287,562 | $5.4M | 0.86% |
| 43 | ROPER TECHNOLOGIES INC | ROP | 10,545 | $5.3M | 0.84% |
| 44 | BECTON DICKINSON & CO | BDX | 27,767 | $5.2M | 0.83% |
| 45 | JOHNSON & JOHNSON | JNJ | 27,999 | $5.2M | 0.83% |
| 46 | DANAHER CORPORATION | 235851102 | 25,742 | $5.1M | 0.81% |
| 47 | INVESCO EXCH TRD SLF IDX FD | IVZ | 256,556 | $5.1M | 0.81% |
| 48 | ADVANCED MICRO DEVICES INC | AMD | 31,096 | $5.0M | 0.80% |
| 49 | HA SUSTAINABLE INFRA CAP INC | 41068X100 | 163,577 | $5.0M | 0.80% |
| 50 | EATON CORP PLC | ETN | 12,950 | $4.8M | 0.77% |
| 51 | ELI LILLY & CO | LLY | 6,242 | $4.8M | 0.76% |
| 52 | WEYERHAEUSER CO MTN BE | WY | 176,108 | $4.4M | 0.70% |
| 53 | HONEYWELL INTL INC | 438516106 | 20,488 | $4.3M | 0.69% |
| 54 | APPLIED MATLS INC | 038222105 | 21,004 | $4.3M | 0.69% |
| 55 | CISCO SYS INC | CSCO | 59,523 | $4.1M | 0.65% |
| 56 | FEDEX CORP | FDX | 17,187 | $4.1M | 0.65% |
| 57 | GE AEROSPACE | 369604301 | 12,921 | $3.9M | 0.62% |
| 58 | INVESCO EXCH TRD SLF IDX FD | IVZ | 192,633 | $3.8M | 0.60% |
| 59 | KINDER MORGAN INC DEL | EP-PC | 126,655 | $3.6M | 0.57% |
| 60 | INVESCO EXCH TRD SLF IDX FD | IVZ | 204,342 | $3.5M | 0.55% |
| 61 | GE VERNOVA INC | GEV | 5,605 | $3.4M | 0.55% |
| 62 | ZOETIS INC | ZTS | 23,253 | $3.4M | 0.54% |
| 63 | ULTA BEAUTY INC | ULTA | 5,465 | $3.0M | 0.48% |
| 64 | TETRA TECH INC NEW | TTEK | 81,760 | $2.7M | 0.44% |
| 65 | UBER TECHNOLOGIES INC | UBER | 27,518 | $2.7M | 0.43% |
| 66 | DEERE & CO | DE | 5,860 | $2.7M | 0.43% |
| 67 | J P MORGAN EXCHANGE TRADED F | 46641Q332 | 42,157 | $2.4M | 0.38% |
| 68 | SALESFORCE INC | CRM | 9,523 | $2.3M | 0.36% |
| 69 | BERKSHIRE HATHAWAY INC DEL | BRK-A | 4,477 | $2.3M | 0.36% |
| 70 | CHEVRON CORP NEW | CVX | 14,479 | $2.2M | 0.36% |
| 71 | CORNING INC | GLW | 27,124 | $2.2M | 0.36% |
| 72 | KLA CORP | KLAC | 2,000 | $2.2M | 0.34% |
| 73 | PINNACLE WEST CAP CORP | PNW | 23,535 | $2.1M | 0.34% |
| 74 | ISHARES TR | 464287200 | 3,004 | $2.0M | 0.32% |
| 75 | MARVELL TECHNOLOGY INC | MRVL | 23,050 | $1.9M | 0.31% |
| 76 | PFIZER INC | PFE | 70,300 | $1.8M | 0.29% |
| 77 | NETFLIX INC | NFLX | 1,461 | $1.8M | 0.28% |
| 78 | BROOKFIELD RENEWABLE PARTNER | G16258108 | 63,537 | $1.6M | 0.26% |
| 79 | TENNANT CO | TNC | 19,470 | $1.6M | 0.25% |
| 80 | INVESCO EXCH TRD SLF IDX FD | IVZ | 59,596 | $1.4M | 0.22% |
| 81 | INVESCO EXCH TRADED FD TR II | IVZ | 26,409 | $1.4M | 0.22% |
| 82 | AT&T INC | T-PC | 44,979 | $1.3M | 0.20% |
| 83 | EAST WEST BANCORP INC | EWBC | 11,075 | $1.2M | 0.19% |
| 84 | FORD MTR CO | 345370860 | 82,545 | $987,238 | 0.16% |
| 85 | INVESCO EXCH TRD SLF IDX FD | IVZ | 58,047 | $968,224 | 0.15% |
| 86 | CLEAN HARBORS INC | CLH | 3,970 | $921,913 | 0.15% |
| 87 | LIMONEIRA CO | LMNR | 60,010 | $891,149 | 0.14% |
| 88 | BRISTOL-MYERS SQUIBB CO | CELG-RI | 19,109 | $861,816 | 0.14% |
| 89 | EMERSON ELEC CO | EMR | 6,467 | $848,341 | 0.14% |
| 90 | DARDEN RESTAURANTS INC | DRI | 4,280 | $814,741 | 0.13% |
| 91 | XCEL ENERGY INC | XELLL | 9,920 | $800,048 | 0.13% |
| 92 | SHOPIFY INC | SHOP | 5,085 | $755,682 | 0.12% |
| 93 | CRISPR THERAPEUTICS AG | CRSP | 11,560 | $749,204 | 0.12% |
| 94 | ISHARES GOLD TR | IAU | 9,717 | $707,106 | 0.11% |
| 95 | WORKDAY INC | WDAY | 2,910 | $700,524 | 0.11% |
| 96 | SHERWIN WILLIAMS CO | SHW | 1,895 | $656,163 | 0.10% |
| 97 | INVESCO EXCH TRD SLF IDX FD | IVZ | 24,325 | $651,667 | 0.10% |
| 98 | THOR INDS INC | 885160101 | 6,259 | $648,996 | 0.10% |
| 99 | IMPINJ INC | PI | 3,585 | $647,989 | 0.10% |
| 100 | INVESCO EXCHANGE TRADED FD T | IVZ | 14,469 | $645,049 | 0.10% |
| 101 | TESLA INC | TSLA | 1,404 | $624,387 | 0.10% |
| 102 | INVESCO EXCH TRD SLF IDX FD | IVZ | 30,170 | $624,217 | 0.10% |
| 103 | EDISON INTL | 281020107 | 11,135 | $615,543 | 0.10% |
| 104 | META PLATFORMS INC | META | 798 | $586,092 | 0.09% |
| 105 | BOEING CO | BA-PA | 2,502 | $540,007 | 0.09% |
| 106 | SPDR S&P 500 ETF TR | SPY | 750 | $499,635 | 0.08% |
| 107 | GOLDMAN SACHS ETF TR | NVGLF | 3,760 | $489,873 | 0.08% |
| 108 | NORTHROP GRUMMAN CORP | NOC | 792 | $482,581 | 0.08% |
| 109 | ASTRAZENECA PLC | AZN | 6,085 | $466,841 | 0.07% |
| 110 | VERTIV HOLDINGS CO | VRT | 3,055 | $460,877 | 0.07% |
| 111 | WISDOMTREE TR | WT | 9,639 | $426,720 | 0.07% |
| 112 | SYSCO CORP | SYY | 4,941 | $406,842 | 0.06% |
| 113 | MASTERCARD INCORPORATED | MA | 679 | $385,941 | 0.06% |
| 114 | J P MORGAN EXCHANGE TRADED F | 46641Q837 | 7,417 | $376,264 | 0.06% |
| 115 | ISHARES TR | 46434V282 | 5,375 | $371,305 | 0.06% |
| 116 | SELECT SECTOR SPDR TR | 81369Y605 | 6,357 | $342,426 | 0.05% |
| 117 | ISHARES TR | 464287440 | 3,444 | $332,163 | 0.05% |
| 118 | GOLDMAN SACHS ETF TR | NVGLF | 7,904 | $324,933 | 0.05% |
| 119 | ISHARES TR | 464287556 | 2,246 | $324,183 | 0.05% |
| 120 | ISHARES TR | 464287754 | 2,187 | $319,070 | 0.05% |
| 121 | PROCTER AND GAMBLE CO | 742718109 | 1,965 | $301,880 | 0.05% |
| 122 | SELECT SECTOR SPDR TR | 81369Y100 | 3,353 | $300,504 | 0.05% |
| 123 | PHILIP MORRIS INTL INC | 718172109 | 1,844 | $299,103 | 0.05% |
| 124 | TAIWAN SEMICONDUCTOR MFG LTD | 874039100 | 1,068 | $298,282 | 0.05% |
| 125 | WELLS FARGO CO NEW | 949746101 | 3,468 | $290,650 | 0.05% |
| 126 | HOME DEPOT INC | HD | 647 | $262,158 | 0.04% |
| 127 | ISHARES BITCOIN TRUST ETF | IBIT | 3,913 | $254,345 | 0.04% |
| 128 | CME GROUP INC | CME | 938 | $253,438 | 0.04% |
| 129 | STARBUCKS CORP | SBUX | 2,990 | $252,954 | 0.04% |
| 130 | QUICKLOGIC CORP | QUIK | 40,862 | $247,624 | 0.04% |
| 131 | BROOKFIELD CORP | 11271J107 | 3,574 | $245,105 | 0.04% |
| 132 | SPDR GOLD TR | GLD | 686 | $243,852 | 0.04% |
| 133 | VISA INC | V | 684 | $233,669 | 0.04% |
| 134 | ISHARES TR | 464288356 | 3,997 | $227,989 | 0.04% |
| 135 | AMPHENOL CORP NEW | 032095101 | 1,807 | $223,616 | 0.04% |
| 136 | VEEVA SYS INC | VEEV | 728 | $216,878 | 0.03% |
| 137 | INVESCO QQQ TR | IVZ | 360 | $216,135 | 0.03% |
| 138 | BOOKING HOLDINGS INC | BKNG | 40 | $215,971 | 0.03% |
| 139 | CAPITAL GROUP DIVIDEND VALUE | 14020W106 | 4,973 | $209,015 | 0.03% |
| 140 | CAPITAL GROUP CORE EQUITY ET | 14020V108 | 5,207 | $205,885 | 0.03% |
| 141 | PROSHARES TR | 74347B607 | 2,600 | $205,400 | 0.03% |
| 142 | ORACLE CORP | ORCL-PD | 727 | $204,461 | 0.03% |
| 143 | PALANTIR TECHNOLOGIES INC | PLTR | 1,120 | $204,310 | 0.03% |
| 144 | VERIFYME INC | VRME | 126,675 | $112,437 | 0.02% |
| 145 | NUVEEN PFD & INCOME OPPORTUN | NU | 12,816 | $105,091 | 0.02% |
| 146 | INNOVIZ TECHNOLOGIES LTD | INVZW | 26,000 | $53,040 | 0.01% |
| 147 | VUZIX CORP | VUZI | 10,000 | $31,300 | 0.00% |