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Portfolio (Quarterly) Guide ↗

SFE Investment Counsel

· CIK 0001317784
13F Portfolio $634.7B AUM 143 positions Filed May 1, 2026 EDGAR ↗ ← All Funds
Q1 2026 Q4 2025 · All 9 New 55 Added 56 Reduced 12 Exited
Page 6 of 8  ·  143 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
101 RSPT INVESCO EXCHANGE TRADED FD T 14,271.0 $646K 0.10% -396.0 -2.7% $45.26 +28.1%
102 NOC NORTHROP GRUMMAN CORP Industrials 892.0 $609K 0.10% $682.24 -19.6%
103 GSLC GOLDMAN SACHS ETF TR 4,784.0 $599K 0.09% -233.0 -4.6% $125.13 +11.9%
104 WAT WATERS CORP Healthcare 1,913.0 $570K 0.09% NEW $297.80 +11.9%
105 FISV FISERV INC Technology 9,285.0 $518K 0.08% -21K -69.5% $55.80 -4.2%
106 TSLA TESLA INC Consumer Cyclical 1,355.0 $504K 0.08% $371.75 +19.2%
107 SPY STATE STR SPDR S&P 500 ETF T Financial Services 750.0 $488K 0.08% $650.34 +13.7%
108 DE DEERE & CO Industrials 834.0 $470K 0.07% -3K -79.7% $563.30 +2.0%
109 META META PLATFORMS INC Communication Services 791.0 $453K 0.07% -107.0 -11.9% $572.20 +8.1%
110 SHOP SHOPIFY INC Technology 3,610.0 $428K 0.07% $118.62 -17.9%
111 TSM TAIWAN SEMICONDUCTOR MANUFAC Technology 1,185.0 $400K 0.06% -8.0 -0.7% $337.95 +23.6%
112 GSIE GOLDMAN SACHS ETF TR 9,054.0 $390K 0.06% -389.0 -4.1% $43.13 +4.0%
113 PG PROCTER & GAMBLE CO Consumer Defensive 2,555.0 $369K 0.06% -315.0 -11.0% $144.44 -1.2%
114 IBB ISHARES TR 2,168.0 $366K 0.06% -115.0 -5.0% $168.82 -1.2%
115 MELI MERCADOLIBRE INC Consumer Cyclical 210.0 $363K 0.06% NEW $1729.02 -7.0%
116 PI IMPINJ INC Technology 3,525.0 $362K 0.06% +155.0 +4.6% $102.70 +40.8%
117 XLB SELECT SECTOR SPDR TR 7,189.0 $359K 0.06% +254.0 +3.7% $49.97 +0.7%
118 LRGF ISHARES TR 5,375.0 $355K 0.06% $66.00 +12.0%
119 THO THOR INDS INC Consumer Cyclical 4,235.0 $338K 0.05% -2K -26.8% $79.89 -3.2%
120 IYJ ISHARES TR 2,280.0 $336K 0.05% +32.0 +1.4% $147.57 +4.9%
Page 6 of 8  ·  143 positions

Period Price is the implied market price on the last day of the reporting period, calculated as reported value ÷ shares held. It is not the fund's purchase price or cost basis — the fund may have initiated or added to the position at any point during the quarter at a different price. Since Period shows the price change from that quarter-end snapshot to today's last price — it reflects stock movement after the report date, not the fund's actual return.

Sector Allocation
Technology 30.6%
Industrials 16.9%
Financial Services 10.7%
Healthcare 9.7%
Consumer Cyclical 8.2%
Energy 7.5%
Utilities 5.8%
Communication Services 5.0%
Consumer Defensive 3.0%
Basic Materials 1.6%