SFE Investment Counsel

Q3 2025 13F-HR Holdings

Location
Los Angeles, CA
Holdings as of
9/30/2025
Date filed
11/14/2025
Form type
13F-HR
Num holdings
147
Total value ($000)
$626,305
Net value change ($000)
+58,369 (10.3%)
New positions
11
Sold out positions
5
Turnover %
1.2%
Sector allocation + QoQ delta (equities-only)
Prev filing: 8/7/2025 Next filing: 2/5/2026 SEC filing

Snapshot: Change Analysis

Compared to Q2 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
AAPL 5,415 29.5%
CLF 4,217 52.6%
GOOGL 3,891 39.7%
FSLR 3,840 33.2%
NVDA 3,269 14.5%
GOOGL 2,719 37.2%
IQV 2,434 35.5%
CRM 2,257 NEW
CMI 2,208 27.5%
MRVL 1,938 NEW
Top Reduces (Value $000, Stocks/ETFs)
ZTS -1,902 -35.9%
AMZN -965 -5.4%
COST -764 -7.2%
WY -640 -12.8%
BSJP -538 -28.1%
IBM -504 -4.9%
IEF -492 -59.7%
ROP -455 -8.0%
HON -426 -9.0%
VTV -425 -100.0%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type