SFE Investment Counsel Q2 2025 Filing

Filed August 7, 2025

Portfolio Value

$567.9M

Holdings

141

Report Date

Q2 2025

Filing Type

13F-HR

All Holdings (141 positions)

#	Stock	Shares	Value	% Portfolio
101	PIIMPINJ INC	4,800	$533K	0.09%
102	MAMASTERCARD INCORPORATED	940	$528K	0.09%
103	JPSTJ P MORGAN EXCHANGE TRADED F	9,907	$502K	0.09%
104	GSLCGOLDMAN SACHS ETF TR	3,960	$480K	0.08%
105	SPYSPDR S&P 500 ETF TR	750	$463K	0.08%
106	VTVVANGUARD INDEX FDS	2,406	$425K	0.07%
107	AZNASTRAZENECA PLC	6,085	$425K	0.07%
108	VRTVERTIV HOLDINGS CO	3,085	$396K	0.07%
109	NOCNORTHROP GRUMMAN CORP	792	$395K	0.07%
110	SYYSYSCO CORP	5,202	$393K	0.07%
111	CRSPCRISPR THERAPEUTICS AG	7,232	$351K	0.06%
112	LRGFISHARES TR	5,475	$351K	0.06%
113	XLFSELECT SECTOR SPDR TR	6,576	$344K	0.06%
114	4I1PHILIP MORRIS INTL INC	1,872	$341K	0.06%
115	CMFISHARES TR	6,098	$339K	0.06%
116	TXNTEXAS INSTRS INC	1,612	$334K	0.06%
117	TSLATESLA INC	1,032	$327K	0.06%
118	PGPROCTER AND GAMBLE CO	2,015	$320K	0.06%
119	IYJISHARES TR	2,237	$318K	0.06%
120	GSIEGOLDMAN SACHS ETF TR	7,904	$313K	0.06%
121	HDHOME DEPOT INC	832	$304K	0.05%
122	XLBSELECT SECTOR SPDR TR	3,456	$303K	0.05%
123	IBBISHARES TR	2,284	$289K	0.05%
124	ISRGINTUITIVE SURGICAL INC	527	$286K	0.05%
125	WFCWELLS FARGO CO NEW	3,467	$277K	0.05%
126	SBUXSTARBUCKS CORP	3,000	$274K	0.05%
127	CMECME GROUP INC	938	$258K	0.05%
128	SHOPSHOPIFY INC	2,120	$244K	0.04%
129	VVISA INC	684	$243K	0.04%
130	XOMEXXON MOBIL CORP	2,203	$237K	0.04%
131	BNBROOKFIELD CORP	3,787	$234K	0.04%
132	IBITISHARES BITCOIN TRUST ETF	3,813	$233K	0.04%
133	BKNGBOOKING HOLDINGS INC	40	$231K	0.04%
134	VEEVVEEVA SYS INC	798	$229K	0.04%
135	TSMTAIWAN SEMICONDUCTOR MFG LTD	948	$214K	0.04%
136	GQ9SPDR GOLD TR	686	$209K	0.04%
137	NDQINVESCO QQQ TR	380	$209K	0.04%
138	IGHGPROSHARES TR	2,600	$203K	0.04%
139	WATWATERS CORP	577	$201K	0.04%
140	JPCNUVEEN PFD & INCOME OPPORTUN	12,816	$102K	0.02%
141	VRMEVERIFYME INC	126,675	$95K	0.02%

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