SFE INVESTMENT COUNSEL
Q1 2025 Form 13-F
LOS ANGELES, CALIFORNIA
CIK 0001317784
· CRD 145530
· SEC-registered investment adviser
$500.5M Reported Value Total
SFE INVESTMENT COUNSEL INC. reports 772 total accounts under management (AUM). There are 731 discretionary accounts valued at $550,114,728, and 41 non-discretionary accounts valued at $31,491,575.
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
$500.5M
Quarter over quarter
-5.0%
Holdings
140
Top-10 concentration
27.7%
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
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Q1 2025 13F record
Q1 2025 13F filing summary
| Period of report | March 31, 2025 |
|---|---|
| Filed | May 06, 2025 |
| Form | 13F-HR |
| Reported value | $500.5M |
| Positions | 140 |
| Change in reported value | +6.3% |
| New positions | 31 |
| Exited positions | 5 |
| Position turnover | 24.8% |
| Top-10 concentration | 27.7% |
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 · Q1 2025
| # | Holding | Reported value | % of portfolio |
|---|---|---|---|
| 1 | AAPL APPLE INC | $19.5M | 3.9% |
| 2 | NVDA NVIDIA CORPORATION | $15.4M | 3.07% |
| 3 | JPM JPMORGAN CHASE & CO. | $15.0M | 2.99% |
| 4 | QCOM QUALCOMM INC | $14.0M | 2.8% |
| 5 | OKE ONEOK INC NEW | $14.0M | 2.8% |
| 6 | AMZN AMAZON COM INC | $13.9M | 2.78% |
| 7 | PANW PALO ALTO NETWORKS INC | $12.4M | 2.49% |
| 8 | LOW LOWES COS INC | $12.3M | 2.46% |
| 9 | NEE NEXTERA ENERGY INC | $11.8M | 2.36% |
| 10 | AVGO BROADCOM INC | $10.3M | 2.07% |
| 11 | MSFT MICROSOFT CORP | $10.2M | 2.03% |
| 12 | COST COSTCO WHSL CORP NEW | $10.2M | 2.03% |
| 13 | ABT ABBOTT LABS | $10.0M | 2.0% |
| 14 | USB US BANCORP DEL | $9.4M | 1.87% |
| 15 | IBM INTERNATIONAL BUSINESS MACHS | $9.0M | 1.81% |
| 16 | CLF CLEVELAND-CLIFFS INC NEW | $8.7M | 1.73% |
| 17 | FSLR FIRST SOLAR INC | $8.1M | 1.62% |
| 18 | CMI CUMMINS INC | $7.6M | 1.52% |
| 19 | BSJQ INVESCO EXCH TRD SLF IDX FD | $7.5M | 1.51% |
| 20 | BSJS INVESCO EXCH TRD SLF IDX FD | $7.5M | 1.51% |
Values as reported on the Q1 2025 Form 13F. Every position is in the holdings table below.