SFE Investment Counsel

hedge fundUpdated 36 days ago

Managed by Sfe Investment Counsel • Latest filing Q2 2026

Portfolio value

$741.5M

Q2 2026

Filings

14

Quarterly 13F history

Top-10 concentration

98.0%

Weight of largest holdings

Annualized return

29.1%

Implied from 13F holdings

Portfolio value history

13F-disclosed portfolio value over 14 quarters

Show data table

Period	Portfolio value
Q1 2023	$323.5M
Q2 2023	$353.5M
Q3 2023	$343.7M
Q4 2023	$384.1M
Q1 2024	$441.4M
Q2 2024	$450.9M
Q3 2024	$480.1M
Q4 2024	$470.9M
Q1 2025	$500.5M
Q2 2025	$567.9M
Q3 2025	$626.3M
Q4 2025	$652.9M
Q1 2026	$634.7M
Q2 2026	$741.5M

Top holdings

152 positions as of Q2 2026

#	Stock	Value	Shares	% Portfolio	Change
1	N NVDA NVIDIA CORPORATION	$27.8M	139.0K	3.75%	Added(+1.9%)
2	P PANW PALO ALTO NETWORKS INC	$27.5M	80.5K	3.70%	Trimmed(-4.8%)
3	A AAPL APPLE INC	$24.9M	86.0K	3.36%	Trimmed(-1.0%)
4	M MSFT MICROSOFT CORP	$21.7M	58.2K	2.93%	Added(+1.6%)
5	A AVGO BROADCOM INC	$21.5M	57.0K	2.90%	Trimmed(-1.7%)
6	J JPM-PM JPMORGAN CHASE & CO	$19.4M	59.2K	2.61%	Trimmed(-0.5%)
7	A AMZN AMAZON COM INC	$19.4M	81.3K	2.61%	Added(+2.1%)
8	O OKE ONEOK INC NEW	$17.8M	204.6K	2.40%	Trimmed(-0.2%)
9	Q QCOM QUALCOMM INC	$17M	92.2K	2.30%	Trimmed(-8.7%)
10	G GOOGN ALPHABET INC	$15.6M	43.6K	2.10%	Trimmed(-4.4%)
11	N NEE-PS NEXTERA ENERGY INC	$15.4M	175.0K	2.07%	Added(+0.1%)
12	F FSLR FIRST SOLAR INC	$14.8M	62.8K	2.00%	Trimmed(-0.8%)
13	M MRVL MARVELL TECHNOLOGY INC	$14.6M	48.9K	1.96%	Trimmed(-14.0%)
14	A AMD ADVANCED MICRO DEVICES INC	$13.8M	23.8K	1.86%	Trimmed(-23.7%)
15	U USB-PS US BANCORP	$13.5M	223.3K	1.82%	Trimmed(-0.2%)
16	C CMI CUMMINS INC	$13M	18.2K	1.75%	Trimmed(-5.8%)
17	U URI UNITED RENTALS INC	$12.8M	11.3K	1.72%	Added(+2.3%)
18	A AMAT APPLIED MATLS INC	$12.6M	17.4K	1.70%	Trimmed(-9.4%)
19	P PWR QUANTA SVCS INC	$12.4M	17.3K	1.68%	Trimmed(-10.1%)
20	L LOW LOWES COS INC	$12.3M	55.7K	1.66%	Added(+2.1%)

N

NVIDIA CORPORATION

+1.9%

Value

$27.8M

Shares

139.0K

% Port

3.75%

P

PALO ALTO NETWORKS INC

-4.8%

Value

$27.5M

Shares

80.5K

% Port

3.70%

A

APPLE INC

-1.0%

Value

$24.9M

Shares

86.0K

% Port

3.36%

M

MICROSOFT CORP

+1.6%

Value

$21.7M

Shares

58.2K

% Port

2.93%

A

BROADCOM INC

-1.7%

Value

$21.5M

Shares

57.0K

% Port

2.90%

J

JPMORGAN CHASE & CO

-0.5%

Value

$19.4M

Shares

59.2K

% Port

2.61%

A

AMAZON COM INC

+2.1%

Value

$19.4M

Shares

81.3K

% Port

2.61%

O

ONEOK INC NEW

-0.2%

Value

$17.8M

Shares

204.6K

% Port

2.40%

Q

QUALCOMM INC

-8.7%

Value

$17M

Shares

92.2K

% Port

2.30%

G

ALPHABET INC

-4.4%

Value

$15.6M

Shares

43.6K

% Port

2.10%

N

NEXTERA ENERGY INC

+0.1%

Value

$15.4M

Shares

175.0K

% Port

2.07%

F

FIRST SOLAR INC

-0.8%

Value

$14.8M

Shares

62.8K

% Port

2.00%

M

MARVELL TECHNOLOGY INC

-14.0%

Value

$14.6M

Shares

48.9K

% Port

1.96%

A

14.AMD

ADVANCED MICRO DEVICES INC

-23.7%

Value

$13.8M

Shares

23.8K

% Port

1.86%

U

US BANCORP

-0.2%

Value

$13.5M

Shares

223.3K

% Port

1.82%

C

16.CMI

CUMMINS INC

-5.8%

Value

$13M

Shares

18.2K

% Port

1.75%

U

17.URI

UNITED RENTALS INC

+2.3%

Value

$12.8M

Shares

11.3K

% Port

1.72%

A

APPLIED MATLS INC

-9.4%

Value

$12.6M

Shares

17.4K

% Port

1.70%

P

19.PWR

QUANTA SVCS INC

-10.1%

Value

$12.4M

Shares

17.3K

% Port

1.68%

L

20.LOW

LOWES COS INC

+2.1%

Value

$12.3M

Shares

55.7K

% Port

1.66%

View full portfolio (152 holdings) →

Explore

All funds Consensus buys Trending this quarter Compare portfolios What is a 13F?Filing deadlines