SFE INVESTMENT COUNSEL
Q3 2023 Form 13-F
LOS ANGELES, CALIFORNIA
CIK 0001317784
· CRD 145530
· SEC-registered investment adviser
$343.7M Reported Value Total
SFE INVESTMENT COUNSEL INC. reports 773 total accounts under management (AUM). There are 722 discretionary accounts valued at $410,231,061, and 51 non-discretionary accounts valued at $31,617,748.
Source: Form ADV filed * Note that certain holdings are exempt from Form 13-F reporting, so the AUM totals may be greater than the Form 13-F total.
Private funds (Form ADV)
2 funds
· $1.1M gross asset value
Private Equity Fund: $1.1M
Source: Form ADV filed 2025-12-03
Reported value
$343.7M
Quarter over quarter
-4.1%
Holdings
117
Top-10 concentration
30.0%
Key People
Form ADV owners & control persons
Jon Michael Kmett
PRESIDENT, DIRECTOR & CFO
James Thomas Moylan
VICE PRESIDENT/CO-CHIEF INVESTMENT OFFICER
David John Thomsen
VP, DIRECTOR, BUSINESS DEVELOPMENT
Filing Navigation
Coverage begins with the second quarter of 2013. Earlier quarters are not shown while their accuracy is being verified.
13F Metrics
Loading 13F Metrics
Q3 2023 13F record
Q3 2023 13F filing summary
| Period of report | September 30, 2023 |
|---|---|
| Filed | October 25, 2023 |
| Form | 13F-HR |
| Reported value | $343.7M |
| Positions | 117 |
| Change in reported value | -2.8% |
| New positions | 6 |
| Exited positions | 2 |
| Position turnover | 6.7% |
| Top-10 concentration | 30.0% |
13F filings by quarter
| Quarter | Positions | Value |
|---|---|---|
|
Q3 2026 13F
Filed Oct 28, 2026
|
150 | $746.6M |
|
Q2 2026 13F
Filed Aug 5, 2026
|
149 | $741.5M |
|
Q1 2026 13F
Filed May 1, 2026
|
140 | $634.7M |
|
Q4 2025 13F
Filed Feb 5, 2026
|
143 | $652.9M |
|
Q3 2025 13F
Filed Nov 14, 2025
|
147 | $626.3M |
|
Q2 2025 13F
Filed Aug 7, 2025
|
141 | $567.9M |
|
Q1 2025 13F
Filed May 6, 2025
|
140 | $500.5M |
|
Q4 2024 13F
Filed Jan 30, 2025
|
114 | $470.9M |
|
Q3 2024 13F
Filed Oct 25, 2024
|
116 | $480.1M |
|
Q2 2024 13F
Filed Aug 5, 2024
|
119 | $450.9M |
|
Q1 2024 13F
Filed May 6, 2024
|
117 | $441.4M |
|
Q4 2023 13F
Filed Jan 31, 2024
|
112 | $384.1M |
|
Q3 2023 13F
Filed Oct 25, 2023
|
117 | $343.7M |
|
Q2 2023 13F
Filed Jul 24, 2023
|
113 | $353.5M |
|
Q1 2023 13F
Filed May 9, 2023
|
111 | $323.5M |
|
Q4 2022 13F
Filed Feb 10, 2023
|
112 | $321.5M |
|
Q3 2022 13F
Filed Nov 14, 2022
|
113 | $317.4M |
|
Q2 2022 13F
Filed Aug 10, 2022
|
120 | $335.4M |
|
Q1 2022 13F
Filed May 6, 2022
|
122 | $395.1M |
|
Q4 2021 13F
Filed Feb 7, 2022
|
119 | $389.3M |
34 earlier quarters on file — choose one from the quarter menu above.
Top 20 holdings · Q3 2023
| # | Holding | Reported value | % of portfolio |
|---|---|---|---|
| 1 | AAPL APPLE INC | $14.7M | 4.29% |
| 2 | CLF CLEVELAND-CLIFFS INC NEW | $11.6M | 3.37% |
| 3 | QCOM QUALCOMM INC | $10.7M | 3.12% |
| 4 | JPM JPMORGAN CHASE & CO | $10.7M | 3.11% |
| 5 | NVDA NVIDIA CORPORATION | $10.4M | 3.04% |
| 6 | OKE ONEOK INC NEW | $10.0M | 2.92% |
| 7 | PANW PALO ALTO NETWORKS INC | $9.8M | 2.85% |
| 8 | LOW LOWES COS INC | $8.8M | 2.55% |
| 9 | AVGO BROADCOM INC | $8.6M | 2.52% |
| 10 | AMZN AMAZON COM INC | $7.6M | 2.2% |
| 11 | BDX BECTON DICKINSON & CO | $7.0M | 2.04% |
| 12 | BSJQ INVESCO EXCH TRD SLF IDX FD | $6.8M | 1.99% |
| 13 | BSJP INVESCO EXCH TRD SLF IDX FD | $6.8M | 1.98% |
| 14 | COST COSTCO WHSL CORP NEW | $6.4M | 1.86% |
| 15 | USB US BANCORP DEL | $6.3M | 1.84% |
| 16 | CMI CUMMINS INC | $6.2M | 1.81% |
| 17 | BSJO INVESCO EXCH TRD SLF IDX FD | $6.1M | 1.79% |
| 18 | ABT ABBOTT LABS | $5.6M | 1.64% |
| 19 | WSM WILLIAMS SONOMA INC | $5.5M | 1.59% |
| 20 | GOOGL ALPHABET INC | $5.3M | 1.56% |
Values as reported on the Q3 2023 Form 13F. Every position is in the holdings table below.