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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 7 of 8  ·  143 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
121 MA MASTERCARD INCORPORATED Financial Services 643.0 $321K 0.05% $499.57 -1.9%
122 XLF SELECT SECTOR SPDR TR 6,441.0 $318K 0.05% -154.0 -2.3% $49.37 +3.6%
123 WDAY WORKDAY INC Technology 2,435.0 $316K 0.05% -2K -47.2% $129.92 -8.6%
124 ULTA ULTA BEAUTY INC Consumer Cyclical 595.0 $311K 0.05% -3K -83.7% $522.71 -4.7%
125 PM PHILIP MORRIS INTL INC Consumer Defensive 1,765.0 $292K 0.05% +16.0 +0.9% $165.34 +16.0%
126 WFC WELLS FARGO & CO Financial Services 3,468.0 $276K 0.04% $79.62 -7.3%
127 SBUX STARBUCKS CORP Consumer Cyclical 3,015.0 $270K 0.04% +25.0 +0.8% $89.59 +18.8%
128 QQQ INVESCO QQQ TR Financial Services 448.0 $258K 0.04% +49.0 +12.3% $576.84 +22.9%
129 CME CME GROUP INC Financial Services 872.0 $258K 0.04% $295.35 +1.2%
130 ISRG INTUITIVE SURGICAL INC Healthcare 549.0 $253K 0.04% -45.0 -7.6% $460.99 -7.1%
131 GLD SPDR GOLD TR Financial Services 585.0 $252K 0.04% +25.0 +4.5% $430.29 -0.7%
132 BA BOEING CO Industrials 1,252.0 $249K 0.04% +70.0 +5.9% $199.03 +10.8%
133 IEF ISHARES TR 2,499.0 $238K 0.04% -860.0 -25.6% $95.42 -2.0%
134 XOM EXXON MOBIL CORP Energy 1,370.0 $232K 0.04% NEW $169.66 -9.9%
135 APH AMPHENOL CORP Technology 1,837.0 $232K 0.04% +30.0 +1.7% $126.35 -1.1%
136 CGDV CAPITAL GROUP DIVIDEND VALUE 4,973.0 $212K 0.03% $42.54 +12.4%
137 IGHG PROSHARES TR 2,600.0 $202K 0.03% $77.66 +1.2%
138 CGUS CAPITAL GROUP CORE EQUITY ET 5,207.0 $200K 0.03% $38.42 +13.1%
139 QUIK QUICKLOGIC CORP Technology 18,000.0 $169K 0.03% -12K -39.7% $9.38 +119.8%
140 VRME VERIFYME INC Industrials 126,675.0 $103K 0.02% $0.81 -11.1%
Page 7 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%