SFE Investment Counsel

Q4 2025 13F-HR Holdings

Location
Los Angeles, CA
Holdings as of
12/31/2025
Date filed
2/5/2026
Form type
13F-HR
Num holdings
146
Total value ($000)
$652,870
Net value change ($000)
+26,565 (4.2%)
New positions
6
Sold out positions
10
Turnover %
1.2%
Sector allocation + QoQ delta (equities-only)
Prev filing: 11/14/2025 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q3 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)
IVV 3,486 173.4%
CRM 2,351 104.2%
GOOGL 1,988 19.8%
LLY 1,778 37.3%
KMB 1,645 NEW
IQV 1,536 16.5%
EXPE 1,414 25.2%
FSLR 1,338 8.7%
UBER 1,335 49.5%
CMI 1,327 13.0%
Top Reduces (Value $000, Stocks/ETFs)
FISV -6,261 -75.4%
ABBV -1,570 -26.0%
MSFT -1,425 -5.1%
BSJP -1,374 -100.0%
AWK -1,357 -21.6%
URI -1,293 -12.9%
ABT -1,124 -10.5%
PANW -1,058 -6.8%
XEL -800 -100.0%
LH -799 -8.9%
Instrument mix + QoQ Δ (ex-options)
Derivatives reported exposure ($000): 11,534 (1.8% of total reported value)
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