SFE Investment Counsel's Q1 2025 13F: 31 new positions, 5 exits
Form 13F-HR for the quarter ended Mar 31, 2025 · filed May 6, 2025 · 140 reported positions · accession 0001085146-25-002652
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| New | J P MORGAN EXCHANGE TRADED F (JEPI) | — | 0.8% | +0.8 pts | +71,564 sh | new |
| New | ISHARES TR (IVV) | — | 0.8% | +0.8 pts | +7,014 sh | new |
| Increased | IQVIA HLDGS INC (IQV) | 0.7% | 1.3% | +0.6 pts | +19,548 sh | +111% |
| New | GOLDMAN SACHS ETF TR (GSLC) | — | 0.5% | +0.5 pts | +20,678 sh | new |
| New | ISHARES TR (IEF) | — | 0.4% | +0.4 pts | +21,824 sh | new |
| Increased | MICROSOFT CORP (MSFT) | 1.9% | 2.0% | +0.1 pts | +5,531 sh | +26% |
| Reduced | WILLIAMS SONOMA INC (WSM) | 1.6% | 0.9% | −0.7 pts | −12,668 sh | −32% |
| Increased | QUANTA SVCS INC (PWR) | 0.6% | 0.8% | +0.2 pts | +7,582 sh | +91% |
| New | EXPEDIA GROUP INC (EXPE) | — | 0.4% | +0.4 pts | +10,921 sh | new |
| Increased | XYLEM INC (XYL) | 0.7% | 1.0% | +0.3 pts | +15,199 sh | +55% |
| Increased | CLEVELAND-CLIFFS INC NEW (CLF) | 1.7% | 1.7% | +0.1 pts | +217K sh | +26% |
| Increased | TETRA TECH INC NEW (TTEK) | 0.2% | 0.5% | +0.2 pts | +55,393 sh | +191% |
| Increased | PRUDENTIAL FINL INC (PRU) | 1.3% | 1.4% | +0.2 pts | +13,725 sh | +27% |
| Increased | FIRST SOLAR INC (FSLR) | 1.9% | 1.6% | −0.3 pts | +12,102 sh | +23% |
| Reduced | INVESCO EXCH TRD SLF IDX FD (BSJP) | 1.1% | 0.8% | −0.4 pts | −65,983 sh | −29% |
| Increased | AMAZON COM INC (AMZN) | 3.0% | 2.8% | −0.3 pts | +7,752 sh | +12% |
| Increased | DANAHER CORPORATION (DHR) | 0.8% | 1.0% | +0.1 pts | +6,517 sh | +38% |
| Reduced | ABBVIE INC (ABBV) | 1.0% | 0.9% | −0.1 pts | −6,182 sh | −22% |
| Reduced | EDISON INTL (EIX) | 0.7% | 0.2% | −0.5 pts | −21,975 sh | −51% |
| Increased | UNITED RENTALS INC (URI) | 1.1% | 1.1% | +0.1 pts | +2,016 sh | +28% |
| New | WISDOMTREE TR (AGGY) | — | 0.2% | +0.2 pts | +27,934 sh | new |
| Reduced | FORD MTR CO (F) | 0.9% | 0.6% | −0.3 pts | −117K sh | −28% |
| Increased | NEXTERA ENERGY INC (NEE) | 2.3% | 2.4% | +0.1 pts | +16,206 sh | +11% |
| Increased | ALPHABET INC (GOOG) | 1.4% | 1.3% | −0.1 pts | +7,246 sh | +21% |
| Reduced | JPMORGAN CHASE & CO. (JPM) | 3.3% | 3.0% | −0.3 pts | −4,356 sh | −7% |
| Exited | DIGITAL RLTY TR INC (DLR) | 0.2% | — | −0.2 pts | −5,624 sh | −100% |
| Increased | ZOETIS INC (ZTS) | 0.9% | 1.1% | +0.2 pts | +6,419 sh | +25% |
| Increased | INVESCO EXCH TRD SLF IDX FD (BSCT) | 0.6% | 0.8% | +0.2 pts | +51,907 sh | +33% |
| Increased | EATON CORP PLC (ETN) | 0.7% | 0.7% | 0.0 pts | +3,490 sh | +38% |
| Increased | QUALCOMM INC (QCOM) | 2.8% | 2.8% | 0.0 pts | +6,036 sh | +7% |
| Increased | ELI LILLY & CO (LLY) | 0.5% | 0.7% | +0.2 pts | +1,042 sh | +32% |
| Increased | BERKSHIRE HATHAWAY INC DEL (BRK-B) | 0.3% | 0.5% | +0.2 pts | +1,604 sh | +46% |
| Increased | LOWES COS INC (LOW) | 2.6% | 2.5% | −0.1 pts | +3,620 sh | +7% |
| New | INVESCO EXCHANGE TRADED FD T (PRFZ) | — | 0.2% | +0.2 pts | +20,948 sh | new |
| Increased | WEYERHAEUSER CO MTN BE (WY) | 0.8% | 0.9% | +0.1 pts | +26,635 sh | +20% |
| Increased | INVESCO EXCH TRD SLF IDX FD (BSCU) | 0.3% | 0.4% | +0.1 pts | +46,956 sh | +55% |
| New | UBER TECHNOLOGIES INC (UBER) | — | 0.2% | +0.2 pts | +10,536 sh | new |
| Reduced | BROADCOM INC (AVGO) | 3.3% | 2.1% | −1.2 pts | −4,582 sh | −7% |
| Reduced | INVESCO EXCH TRD SLF IDX FD (BSCP) | 0.4% | 0.2% | −0.2 pts | −36,539 sh | −38% |
| Increased | LABCORP HOLDINGS INC (LH) | 1.4% | 1.5% | +0.1 pts | +3,195 sh | +11% |
| Increased | ADVANCED MICRO DEVICES INC (AMD) | 0.6% | 0.6% | 0.0 pts | +7,203 sh | +32% |
| Increased | INVESCO EXCH TRD SLF IDX FD (BSJU) | 0.5% | 0.6% | +0.1 pts | +28,423 sh | +29% |
| New | GOLDMAN SACHS ETF TR (GSIE) | — | 0.1% | +0.1 pts | +19,979 sh | new |
| Increased | AMERICAN WTR WKS CO INC NEW (AWK) | 1.1% | 1.4% | +0.3 pts | +4,627 sh | +11% |
| Increased | US BANCORP DEL (USB) | 2.1% | 1.9% | −0.2 pts | +15,893 sh | +8% |
| Increased | JACOBS SOLUTIONS INC (J) | 1.1% | 1.1% | 0.0 pts | +5,540 sh | +14% |
| Increased | FEDEX CORP (FDX) | 0.7% | 0.7% | 0.0 pts | +2,735 sh | +23% |
| Increased | APPLE INC (AAPL) | 4.5% | 3.9% | −0.6 pts | +2,930 sh | +3% |
| New | ISHARES GOLD TR (IAU) | — | 0.1% | +0.1 pts | +10,787 sh | new |
| Increased | KINDER MORGAN INC DEL (KMI) | 0.5% | 0.6% | +0.1 pts | +21,915 sh | +27% |
The 50 largest of 139 changes, by size of the trade. Full holdings for this quarter.
Reported by the fund in its Form 13F filed with the SEC; holdings are as of the quarter-end report date and may have changed since. For informational purposes only — not investment advice or a recommendation to buy or sell any security. FilingExplorer is not affiliated with or endorsed by this fund. How this brief is compiled
Top 10 positions — 27.7% of the equity book
No changes in the top 10 this quarter
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | APPLE INC (AAPL) | 4.5% | 3.9% | |
| 2 | NVIDIA CORPORATION (NVDA) | 3.9% | 3.1% | |
| 3 | JPMORGAN CHASE & CO. (JPM) | 3.3% | 3.0% | |
| 4 | QUALCOMM INC (QCOM) | 2.8% | 2.8% | |
| 5 | ONEOK INC NEW (OKE) | 3.0% | 2.8% | |
| 6 | AMAZON COM INC (AMZN) | 3.0% | 2.8% | |
| 7 | PALO ALTO NETWORKS INC (PANW) | 2.7% | 2.5% | |
| 8 | LOWES COS INC (LOW) | 2.6% | 2.5% | |
| 9 | NEXTERA ENERGY INC (NEE) | 2.3% | 2.4% | |
| 10 | BROADCOM INC (AVGO) | 3.3% | 2.1% |
Weights are each position's reported value as a share of the fund's reported equity positions (options and principal-amount holdings excluded).