13F HOLDINGS REPORT
SFE Investment Counsel
Quarter ended Q4 2025 · Filed February 5, 2026 · Accession 0001317784-26-000001
Total Value
$652.9M
Positions
146
Other Managers
0
Confidential Omitted
No
Holdings (146)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | MICROSOFT CORP | MSFT | 54,968 | $26.6M | 4.07% |
| 2 | NVIDIA CORPORATION | NVDA | 135,619 | $25.3M | 3.87% |
| 3 | APPLE INC | AAPL | 86,997 | $23.7M | 3.62% |
| 4 | JPMORGAN CHASE & CO. | VYLD | 60,778 | $19.6M | 3.00% |
| 5 | BROADCOM INC | AVGO | 52,509 | $18.2M | 2.78% |
| 6 | AMAZON COM INC | AMZN | 73,257 | $16.9M | 2.59% |
| 7 | FIRST SOLAR INC | FSLR | 64,059 | $16.7M | 2.56% |
| 8 | QUALCOMM INC | QCOM | 96,107 | $16.4M | 2.52% |
| 9 | ONEOK INC NEW | OKE | 206,515 | $15.2M | 2.32% |
| 10 | ALPHABET INC | GOOG | 47,283 | $14.8M | 2.27% |
| 11 | NEXTERA ENERGY INC | NEE-PW | 183,320 | $14.7M | 2.25% |
| 12 | PALO ALTO NETWORKS INC | PANW | 79,334 | $14.6M | 2.24% |
| 13 | LOWES COS INC | 548661107 | 54,958 | $13.3M | 2.03% |
| 14 | US BANCORP DEL | USB-PS | 231,758 | $12.4M | 1.89% |
| 15 | CLEVELAND-CLIFFS INC NEW | CLF | 907,330 | $12.0M | 1.85% |
| 16 | ALPHABET INC | GOOG | 38,286 | $12.0M | 1.84% |
| 17 | CUMMINS INC | CMI | 22,664 | $11.6M | 1.77% |
| 18 | IQVIA HLDGS INC | IQV | 48,019 | $10.8M | 1.66% |
| 19 | INTERNATIONAL BUSINESS MACHS | INTR | 34,119 | $10.1M | 1.55% |
| 20 | COSTCO WHSL CORP NEW | 22160K105 | 11,200 | $9.7M | 1.48% |
| 21 | ABBOTT LABS | ABLZF | 76,500 | $9.6M | 1.47% |
| 22 | PRUDENTIAL FINL INC | PUKPF | 80,330 | $9.1M | 1.39% |
| 23 | UNITED RENTALS INC | URI | 10,749 | $8.7M | 1.33% |
| 24 | INVESCO EXCH TRD SLF IDX FD | IVZ | 379,636 | $8.4M | 1.28% |
| 25 | LABCORP HOLDINGS INC | LH | 32,789 | $8.2M | 1.26% |
| 26 | BLACKSTONE INC | BX | 52,492 | $8.1M | 1.24% |
| 27 | KIMBERLY-CLARK CORP | KMB | 16,700 | $8.1M | 1.24% |
| 28 | INVESCO EXCH TRD SLF IDX FD | IVZ | 352,387 | $8.0M | 1.22% |
| 29 | INVESCO EXCH TRD SLF IDX FD | IVZ | 362,072 | $7.8M | 1.19% |
| 30 | L3HARRIS TECHNOLOGIES INC | LHX | 25,899 | $7.6M | 1.16% |
| 31 | QUANTA SVCS INC | 74762E102 | 17,373 | $7.3M | 1.12% |
| 32 | JACOBS SOLUTIONS INC | J | 55,203 | $7.3M | 1.12% |
| 33 | EXPEDIA GROUP INC | EXPE | 24,797 | $7.0M | 1.08% |
| 34 | INVESCO EXCH TRD SLF IDX FD | IVZ | 300,632 | $7.0M | 1.07% |
| 35 | ELI LILLY & CO | LLY | 6,086 | $6.5M | 1.00% |
| 36 | INVESCO EXCH TRD SLF IDX FD | IVZ | 316,637 | $6.5M | 1.00% |
| 37 | ADVANCED MICRO DEVICES INC | AMD | 29,615 | $6.3M | 0.97% |
| 38 | INVESCO EXCH TRD SLF IDX FD | IVZ | 242,794 | $6.3M | 0.97% |
| 39 | WILLIAMS SONOMA INC | WSM | 35,133 | $6.3M | 0.96% |
| 40 | DANAHER CORPORATION | 235851102 | 27,190 | $6.2M | 0.95% |
| 41 | DONALDSON INC | DCI | 68,802 | $6.1M | 0.93% |
| 42 | XYLEM INC | XYL | 43,420 | $5.9M | 0.91% |
| 43 | INVESCO EXCH TRD SLF IDX FD | IVZ | 307,038 | $5.8M | 0.89% |
| 44 | JOHNSON & JOHNSON | JNJ | 27,564 | $5.7M | 0.87% |
| 45 | INVESCO EXCH TRD SLF IDX FD | IVZ | 283,194 | $5.6M | 0.86% |
| 46 | ISHARES TR | 464287200 | 8,024 | $5.5M | 0.84% |
| 47 | APPLIED MATLS INC | 038222105 | 20,593 | $5.3M | 0.81% |
| 48 | HA SUSTAINABLE INFRA CAP INC | 41068X100 | 165,957 | $5.2M | 0.80% |
| 49 | EATON CORP PLC | ETN | 15,840 | $5.0M | 0.77% |
| 50 | FEDEX CORP | FDX | 17,252 | $5.0M | 0.76% |
| 51 | AMERICAN WTR WKS CO INC NEW | 030420103 | 37,643 | $4.9M | 0.75% |
| 52 | HONEYWELL INTL INC | 438516106 | 24,298 | $4.7M | 0.73% |
| 53 | ROPER TECHNOLOGIES INC | ROP | 10,535 | $4.7M | 0.72% |
| 54 | BECTON DICKINSON & CO | BDX | 23,937 | $4.6M | 0.71% |
| 55 | SALESFORCE INC | CRM | 17,394 | $4.6M | 0.71% |
| 56 | CISCO SYS INC | CSCO | 59,443 | $4.6M | 0.70% |
| 57 | ABBVIE INC | ABBV | 19,507 | $4.5M | 0.68% |
| 58 | KINDER MORGAN INC DEL | EP-PC | 150,285 | $4.1M | 0.63% |
| 59 | UBER TECHNOLOGIES INC | UBER | 49,331 | $4.0M | 0.62% |
| 60 | INVESCO EXCH TRD SLF IDX FD | IVZ | 234,944 | $4.0M | 0.61% |
| 61 | GE AEROSPACE | 369604301 | 12,853 | $4.0M | 0.61% |
| 62 | INVESCO EXCH TRD SLF IDX FD | IVZ | 196,655 | $3.8M | 0.59% |
| 63 | WEYERHAEUSER CO MTN BE | WY | 158,161 | $3.7M | 0.57% |
| 64 | GE VERNOVA INC | GEV | 5,672 | $3.7M | 0.57% |
| 65 | TETRA TECH INC NEW | TTEK | 102,422 | $3.4M | 0.53% |
| 66 | ZOETIS INC | ZTS | 22,239 | $2.8M | 0.43% |
| 67 | MARVELL TECHNOLOGY INC | MRVL | 30,106 | $2.6M | 0.39% |
| 68 | KLA CORP | KLAC | 2,000 | $2.4M | 0.37% |
| 69 | KLA CORP | KLAC | 2,000 | $2.4M | 0.37% |
| 70 | CHEVRON CORP NEW | CVX | 15,302 | $2.3M | 0.36% |
| 71 | BERKSHIRE HATHAWAY INC DEL | BRK-A | 4,510 | $2.3M | 0.35% |
| 72 | J P MORGAN EXCHANGE TRADED F | 46641Q332 | 39,101 | $2.2M | 0.34% |
| 73 | ULTA BEAUTY INC | ULTA | 3,644 | $2.2M | 0.34% |
| 74 | PFIZER INC | PFE | 86,545 | $2.2M | 0.33% |
| 75 | CORNING INC | GLW | 24,161 | $2.1M | 0.32% |
| 76 | PINNACLE WEST CAP CORP | PNW | 23,135 | $2.1M | 0.31% |
| 77 | FISERV INC | FISV | 30,407 | $2.0M | 0.31% |
| 78 | DEERE & CO | DE | 4,099 | $1.9M | 0.29% |
| 79 | INVESCO EXCH TRD SLF IDX FD | IVZ | 68,348 | $1.8M | 0.28% |
| 80 | BROOKFIELD RENEWABLE PARTNER | G16258108 | 66,045 | $1.8M | 0.27% |
| 81 | KIMBERLY-CLARK CORP | KMB | 16,305 | $1.6M | 0.25% |
| 82 | NETFLIX INC | NFLX | 17,160 | $1.6M | 0.25% |
| 83 | INVESCO EXCH TRD SLF IDX FD | IVZ | 91,362 | $1.5M | 0.23% |
| 84 | INVESCO EXCH TRADED FD TR II | IVZ | 26,785 | $1.4M | 0.22% |
| 85 | EAST WEST BANCORP INC | EWBC | 10,685 | $1.2M | 0.18% |
| 86 | AT&T INC | T-PC | 45,729 | $1.1M | 0.17% |
| 87 | FORD MTR CO | 345370860 | 82,295 | $1.1M | 0.17% |
| 88 | TENNANT CO | TNC | 14,300 | $1.1M | 0.16% |
| 89 | ISHARES TR | 464288356 | 4,000 | $1.0M | 0.16% |
| 90 | WORKDAY INC | WDAY | 4,615 | $991,210 | 0.15% |
| 91 | DARDEN RESTAURANTS INC | DRI | 5,125 | $943,103 | 0.14% |
| 92 | SHERWIN WILLIAMS CO | SHW | 2,788 | $903,396 | 0.14% |
| 93 | EMERSON ELEC CO | EMR | 6,742 | $894,798 | 0.14% |
| 94 | CLEAN HARBORS INC | CLH | 3,810 | $893,369 | 0.14% |
| 95 | EDISON INTL | 281020107 | 13,700 | $822,274 | 0.13% |
| 96 | ISHARES GOLD TR | IAU | 9,532 | $773,712 | 0.12% |
| 97 | BRISTOL-MYERS SQUIBB CO | CELG-RI | 14,122 | $761,741 | 0.12% |
| 98 | LIMONEIRA CO | LMNR | 60,010 | $757,626 | 0.12% |
| 99 | INVESCO EXCHANGE TRADED FD T | IVZ | 14,667 | $667,482 | 0.10% |
| 100 | GOLDMAN SACHS ETF TR | NVGLF | 5,017 | $664,121 | 0.10% |
| 101 | CRISPR THERAPEUTICS AG | CRSP | 12,600 | $660,744 | 0.10% |
| 102 | TESLA INC | TSLA | 1,352 | $608,021 | 0.09% |
| 103 | THOR INDS INC | 885160101 | 5,785 | $593,946 | 0.09% |
| 104 | META PLATFORMS INC | META | 898 | $592,819 | 0.09% |
| 105 | IMPINJ INC | PI | 3,370 | $586,414 | 0.09% |
| 106 | SHOPIFY INC | SHOP | 3,610 | $581,102 | 0.09% |
| 107 | ASTRAZENECA PLC | AZN | 6,085 | $559,394 | 0.09% |
| 108 | SPDR S&P 500 ETF TR | SPY | 750 | $511,440 | 0.08% |
| 109 | NORTHROP GRUMMAN CORP | NOC | 892 | $508,627 | 0.08% |
| 110 | VERTIV HOLDINGS CO | VRT | 3,020 | $489,270 | 0.07% |
| 111 | VANGUARD INTL EQUITY INDEX F | 922042775 | 5,816 | $427,825 | 0.07% |
| 112 | PROCTER AND GAMBLE CO | 742718109 | 2,870 | $411,296 | 0.06% |
| 113 | GOLDMAN SACHS ETF TR | NVGLF | 9,443 | $405,482 | 0.06% |
| 114 | WISDOMTREE TR | WT | 8,748 | $385,349 | 0.06% |
| 115 | ISHARES TR | 464287556 | 2,283 | $385,224 | 0.06% |
| 116 | ISHARES TR | 46434V282 | 5,375 | $373,186 | 0.06% |
| 117 | MASTERCARD INCORPORATED | MA | 643 | $366,996 | 0.06% |
| 118 | TAIWAN SEMICONDUCTOR MFG LTD | 874039100 | 1,193 | $362,541 | 0.06% |
| 119 | SELECT SECTOR SPDR TR | 81369Y605 | 6,595 | $361,200 | 0.06% |
| 120 | INTUITIVE SURGICAL INC | ISRG | 594 | $336,418 | 0.05% |
| 121 | ISHARES TR | 464287754 | 2,248 | $333,137 | 0.05% |
| 122 | VANGUARD BD INDEX FDS | 921937835 | 4,383 | $324,649 | 0.05% |
| 123 | WELLS FARGO CO NEW | 949746101 | 3,468 | $323,209 | 0.05% |
| 124 | ISHARES TR | 464287440 | 3,359 | $322,956 | 0.05% |
| 125 | SELECT SECTOR SPDR TR | 81369Y100 | 6,935 | $314,483 | 0.05% |
| 126 | PHILIP MORRIS INTL INC | 718172109 | 1,749 | $280,540 | 0.04% |
| 127 | BOEING CO | BA-PA | 1,182 | $256,636 | 0.04% |
| 128 | STARBUCKS CORP | SBUX | 2,990 | $251,788 | 0.04% |
| 129 | INVESCO QQQ TR | IVZ | 399 | $244,924 | 0.04% |
| 130 | AMPHENOL CORP NEW | 032095101 | 1,807 | $244,198 | 0.04% |
| 131 | ISHARES TR | 46432F842 | 2,720 | $243,331 | 0.04% |
| 132 | VISA INC | V | 685 | $240,065 | 0.04% |
| 133 | CME GROUP INC | CME | 872 | $238,126 | 0.04% |
| 134 | ISHARES TR | 464288356 | 3,997 | $229,668 | 0.04% |
| 135 | BROOKFIELD CORP | 11271J107 | 4,993 | $229,129 | 0.04% |
| 136 | SPDR GOLD TR | GLD | 560 | $221,934 | 0.03% |
| 137 | CAPITAL GROUP DIVIDEND VALUE | 14020W106 | 4,973 | $217,022 | 0.03% |
| 138 | HOME DEPOT INC | HD | 627 | $215,751 | 0.03% |
| 139 | BOOKING HOLDINGS INC | BKNG | 40 | $214,213 | 0.03% |
| 140 | MESABI TR | MSB | 5,540 | $213,345 | 0.03% |
| 141 | CAPITAL GROUP CORE EQUITY ET | 14020V108 | 5,207 | $209,478 | 0.03% |
| 142 | PROSHARES TR | 74347B607 | 2,600 | $203,899 | 0.03% |
| 143 | QUICKLOGIC CORP | QUIK | 29,862 | $179,471 | 0.03% |
| 144 | NUVEEN PFD & INCOME OPPORTUN | NU | 12,816 | $103,938 | 0.02% |
| 145 | VERIFYME INC | VRME | 126,675 | $76,106 | 0.01% |
| 146 | VUZIX CORP | VUZI | 10,000 | $37,800 | 0.01% |