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Portfolio (Quarterly) Guide ↗

SFE Investment Counsel

· CIK 0001317784
13F Portfolio $742M AUM 152 positions Filed Aug 5, 2026 EDGAR ↗ ← All Funds
Q2 2026 Q1 2026 · All 16 New 48 Added 62 Reduced 7 Exited
Page 6 of 8  ·  152 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
101 AZN ASTRAZENECA PLC Healthcare 3,826.0 $725K 0.10% $189.62 -12.5%
102 BMY BRISTOL-MYERS SQUIBB CO Healthcare 12,212.0 $704K 0.10% $57.62 +16.7%
103 IAU ISHARES GOLD TR Financial Services 9,124.0 $689K 0.09% $75.51 +15.1%
104 GSLC GOLDMAN SACHS ETF TR 4,784.0 $679K 0.09% $141.89 +3.0%
105 FRVO FERVO ENERGY CO 22,460.0 $657K 0.09% NEW $29.23 -41.7%
106 VEU VANGUARD INTL EQUITY INDEX F 7,647.0 $640K 0.09% -2K -16.4% $83.75 +2.3%
107 SPY STATE STR SPDR S&P 500 ETF T Financial Services 750.0 $560K 0.08% $746.77 +2.5%
108 TSLA TESLA INC Consumer Cyclical 1,303.0 $548K 0.07% -52.0 -3.8% $420.60 -13.5%
109 DE DEERE & CO Industrials 834.0 $529K 0.07% $634.33 +1.3%
110 TSM TAIWAN SEMICONDUCTOR MANUFAC Technology 1,103.0 $527K 0.07% -82.0 -6.9% $477.57 -12.3%
111 MELI MERCADOLIBRE INC Consumer Cyclical 285.0 $484K 0.07% +75.0 +35.7% $1697.39 +13.7%
112 PI IMPINJ INC Technology 3,220.0 $461K 0.06% -305.0 -8.7% $143.23 +15.1%
113 META META PLATFORMS INC Communication Services 743.0 $419K 0.06% -48.0 -6.1% $563.38 -2.4%
114 SHOP SHOPIFY INC Technology 3,630.0 $414K 0.06% +20.0 +0.6% $114.18 +29.9%
115 IBB ISHARES TR 2,131.0 $405K 0.06% -37.0 -1.7% $190.15 +12.1%
116 BSJW INVESCO EXCH TRD SLF IDX FD 15,880.0 $402K 0.05% NEW $25.30 +0.1%
117 NOC NORTHROP GRUMMAN CORP Industrials 788.0 $401K 0.05% -104.0 -11.7% $509.31 +8.4%
118 GSIE GOLDMAN SACHS ETF TR 8,654.0 $395K 0.05% -400.0 -4.4% $45.70 +5.3%
119 IYJ ISHARES TR 2,249.0 $375K 0.05% -31.0 -1.4% $166.69 -0.9%
120 LRGF ISHARES TR 4,889.0 $370K 0.05% -486.0 -9.0% $75.63 +3.1%
Page 6 of 8  ·  152 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 36.8%
Industrials 15.7%
Financial Services 10.4%
Healthcare 8.9%
Consumer Cyclical 8.3%
Energy 6.6%
Utilities 5.1%
Communication Services 3.0%
Consumer Defensive 2.8%
Basic Materials 1.6%