SFE Investment Counsel reported 116 positions worth $638.55M for the quarter ended Sep 30, 2026, up 0.4% on the prior quarter. It opened 11 new positions, added to 52, trimmed 42 and exited 9. Its largest holding is Nvidia Corp at 5.1% of the portfolio.
Reported 13F market value at each quarter end. A change mixes trading with price moves in the positions held.
Dollar value of shares bought and sold each quarter, at that quarter’s price. It counts trading only, not price changes.
How many positions were opened, added to, trimmed or closed each quarter.
Share of reported value in each sector at every quarter end.
| Holding | Change | Change % | Trade Value | Weight |
|---|---|---|---|---|
| HONA Honeywell Aerospace Inc. | +41.1K | +305.2% | $6.38M | 1.33% |
| MRVL Marvell Technology, Inc. | +8,253 | +16.9% | $2.18M | 2.36% |
| LHX L3Harris Technologies, Inc. | +7,990 | +33.6% | $1.89M | 1.18% |
| FSLR First Solar, Inc. | +6,335 | +10.1% | $1.11M | 1.9% |
| ISRG Intuitive Surgical Inc | +2,548 | +105.8% | $1.04M | 0.316% |
| HON Honeywell International Inc | +4,000 | +31.5% | $843.76K | 0.552% |
| NEE Nextera Energy Inc | +10.5K | +6.0% | $792.39K | 2.2% |
| AVGO Broadcom Inc. | +2,232 | +3.9% | $783.86K | 3.25% |
| NVDA Nvidia Corp | +3,378 | +2.4% | $771.47K | 5.09% |
| AEP American Electric Power Co Inc | +4,855 | – | $576.00K | 0.09% |
| Holding | Change | Change % | Trade Value | Weight |
|---|---|---|---|---|
| PRU Prudential Financial Inc | -31.2K | -34.6% | $3.54M | 1.05% |
| PANW Palo Alto Networks Inc | -7,758 | -9.6% | $3.08M | 4.53% |
| CRM Salesforce, Inc. | -9,747 | -73.0% | $2.24M | 0.13% |
| AMD Advanced Micro Devices Inc | -2,219 | -9.3% | $1.36M | 2.06% |
| IQV Iqvia Holdings Inc. | -3,837 | -6.5% | $1.03M | 2.32% |
| FDXF FedEx Freight Holding Company, Inc. | -5,208 | -100.0% | $786.41K | Exited |
| AZN Astrazeneca Plc | -3,826 | -100.0% | $725.49K | Exited |
| WY Weyerhaeuser Co | -24.7K | -12.5% | $471.09K | 0.518% |
| AMAT Applied Materials Inc | -918 | -5.3% | $469.45K | 1.32% |
| NOW ServiceNow, Inc. | -3,180 | -10.1% | $426.15K | 0.596% |
| Holding | Shares | Trade Value | Weight |
|---|---|---|---|
| AEP American Electric Power Co Inc | +4,855 | $576.00K | 0.09% |
| LIN Linde Plc | +697 | $330.83K | 0.052% |
| FICO Fair Isaac Corp | +473 | $280.24K | 0.044% |
| XOM ExxonMobil Holdings Corp | +1,624 | $264.31K | 0.041% |
| CRWD CrowdStrike Holdings, Inc. | +927 | $245.42K | 0.038% |
| CME Cme Group Inc. | +872 | $228.45K | 0.036% |
| RPM Rpm International Inc | +2,231 | $220.13K | 0.034% |
| PLTR Palantir Technologies Inc. | +1,140 | $213.24K | 0.033% |
| RLI Rli Corp | +3,820 | $211.28K | 0.033% |
| NTAP NetApp, Inc. | +975 | $204.83K | 0.032% |
| Holding | Shares Sold | Trade Value | Prior Weight |
|---|---|---|---|
| FDXF FedEx Freight Holding Company, Inc. | -5,208 | $786.41K | 0.124% |
| AZN Astrazeneca Plc | -3,826 | $725.49K | 0.114% |
| ZTS Zoetis Inc. | -4,615 | $331.63K | 0.052% |
| THO Thor Industries Inc | -3,810 | $286.36K | 0.045% |
| WAT Waters Corp | -743 | $278.66K | 0.044% |
| HXL Hexcel Corp | -2,357 | $235.84K | 0.037% |
| CAT Caterpillar Inc | -208 | $221.06K | 0.035% |
| BAC Bank Of America Corp | -3,656 | $208.32K | 0.033% |
| BN BROOKFIELD Corp | -4,851 | $206.60K | 0.032% |
| # | Activity | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| 1 | NVDA Nvidia Corp | Technology | 142.4K | $32.52M | 5.09% | +3,378 | +2.4% | Added | 0% |
| 2 | MSFT Microsoft Corp | Technology | 57.8K | $29.67M | 4.65% | -339 | -0.6% | Reduced | 0% |
| 3 | PANW Palo Alto Networks Inc | Technology | 72.8K | $28.91M | 4.53% | -7,758 | -9.6% | Reduced | 0.01% |
| 4 | AAPL Apple Inc. | Technology | 86.4K | $28.77M | 4.51% | +379 | +0.4% | Added | 0% |
| 5 | AVGO Broadcom Inc. | Technology | 59.2K | $20.78M | 3.25% | +2,232 | +3.9% | Added | 0% |
| 6 | AMZN Amazon Com Inc | Consumer Discretionary | 82.2K | $20.47M | 3.21% | +829 | +1.0% | Added | 0% |
| 7 | JPM Jpmorgan Chase & Co | Financial Services | 58.3K | $19.28M | 3.02% | -969 | -1.6% | Reduced | 0% |
| 8 | QCOM Qualcomm Inc | Technology | 95.1K | $17.49M | 2.74% | +2,856 | +3.1% | Added | 0.01% |
| 9 | OKE Oneok Inc | Energy | 201.0K | $17.14M | 2.68% | -3,573 | -1.7% | Reduced | 0.03% |
| 10 | MRVL Marvell Technology, Inc. | Technology | 57.1K | $15.10M | 2.36% | +8,253 | +16.9% | Added | 0.01% |
| 11 | GOOGL Alphabet Inc. | Technology | 43.7K | $15.04M | 2.36% | +100 | +0.2% | Added | 0% |
| 12 | IQV Iqvia Holdings Inc. | Healthcare | 55.2K | $14.84M | 2.32% | -3,837 | -6.5% | Reduced | 0.03% |
| 13 | NEE Nextera Energy Inc | Utilities | 185.5K | $14.05M | 2.2% | +10.5K | +6.0% | Added | 0.01% |
| 14 | AMD Advanced Micro Devices Inc | Technology | 21.5K | $13.18M | 2.06% | -2,219 | -9.3% | Reduced | 0% |
| 15 | USB Us Bancorp \De\ | Financial Services | 220.7K | $12.75M | 2% | -2,559 | -1.1% | Reduced | 0.01% |
Tip. Select a row to see that position’s full history at SFE Investment Counsel.
As of its Q3 2026 13F filing, SFE Investment Counsel’s five largest positions were Nvidia Corp (NVDA) at 5.1%, Microsoft Corp (MSFT) at 4.6%, Palo Alto Networks Inc (PANW) at 4.5%, Apple Inc. (AAPL) at 4.5%, Broadcom Inc. (AVGO) at 3.3% of the reported portfolio.
SFE Investment Counsel reported a 13F portfolio worth $638.55M across 116 positions for Q3 2026. That is up 0.4% from the previous quarter.
Its largest purchases by value were Honeywell Aerospace Inc. ($6.38M), Marvell Technology, Inc. ($2.18M), L3Harris Technologies, Inc. ($1.89M). It opened 11 new positions.
Its largest sales by value were Prudential Financial Inc ($3.54M), Palo Alto Networks Inc ($3.08M), Salesforce, Inc. ($2.24M). It exited 9 positions entirely.
From the Form 13F-HR reports SFE Investment Counsel files with the SEC each quarter, within 45 days of quarter end. A 13F lists long positions in US-listed equities and options; it excludes short positions, cash, bonds and most non-US holdings.
13F data reflects long positions in US-listed equities and options as reported to the SEC up to 45 days after quarter end. It excludes short positions, cash, bonds and most non-US securities, so it is not a complete picture of a manager’s assets.