Dark
Light
System
Institutional Investment Manager
SFE Investment Counsel
SFE Investment Counsel (CIK: 0001317784), located at 801 South Figueroa Street, Los Angeles, CA. Institutional holdings reported to the SEC.

Institutional Holdings (2014Q4)
Original 13F HR (0001085146-15-000216) filed in 2015.02.03
#
Name
Shares
Value ($)
%
Options
Notes
1 Zoetis Inc. CL A 7,435 320 0.13%
2 XCEL ENERGY INC 13,270 477 0.20%
3 WHOLE FOODS MKT INC 10,100 509 0.21%
4 WELLS FARGO & CO NEW 95,635 5,243 2.16%
5 WALGREENS BOOTS ALLIANCE INC 95,285 7,261 3.00%
6 VERIZON COMMUNICATIONS INC 134,692 6,301 2.60%
7 VARIAN MED SYS INC 24,175 2,091 0.86%
8 VANGUARD INDEX FDS 4,268 361 0.15%
9 VANGUARD INDEX FDS 2,023 211 0.09%
10 US BANCORP DEL 90,787 4,081 1.68%
11 UNITED NATURAL FOODSINC 45,432 3,513 1.45%
12 TOWERSTREAM CORP 11,250 21 0.01%
13 THOR INDS INC 73,135 4,086 1.69%
14 TETRA TECH INC NEW 52,025 1,389 0.57%
15 TENNANT CO 41,735 3,012 1.24%
16 SUBURBAN PROPANE PARTNERS LP COM USD1 29,269 1,265 0.52%
17 SIGMA ALDRICH 16,855 2,314 0.95%
18 RPM INTL INC 18,697 948 0.39%
19 RLI CORP 8,126 401 0.17%
20 QUALCOMM INC 93,612 6,958 2.87%
21 PLUM CREEK TIMBER 186,960 8,000 3.30%
22 Oneok Partners LP 58,838 2,332 0.96%
23 OCCIDENTAL PETE CORP DEL 20,575 1,659 0.68%
24 NORDIC AMERICAN TANKERS LIMI 501,480 5,050 2.08%
25 NEXTERA ENERGY INC 31,005 3,296 1.36%
26 NEWELL BRANDS 11,470 437 0.18%
27 MIDCOAST ENERGY PARTNERS LP 109,870 1,503 0.62%
28 MICROSOFT CORP 18,343 852 0.35%
29 MESABI TR 312,980 5,408 2.23%
30 LOWES COS INC 89,515 6,159 2.54%
31 Kinder Morgan Inc 36,609 1,549 0.64%
32 KLX INC COM 10,747 443 0.18%
33 KEYCORP 15,144 211 0.09%
34 KAYNE ANDERSON MLP INVT CO 194,385 7,422 3.06%
35 JOHNSON & JOHNSON 13,743 1,437 0.59%
36 JACOBS ENGR GROUP INC 89,627 4,005 1.65%
37 Intuitive Surgical Inc 540 286 0.12%
38 ITC HOLDINGS 39,667 1,604 0.66%
39 INTERNATIONAL BUSINESS MACHS 4,285 687 0.28%
40 INTEL CORP 102,268 3,711 1.53%
41 HEXCEL CORP NEW COM 7,070 293 0.12%
42 HELMERICH & PAYNE INC 33,580 2,264 0.93%
43 HEALTHCARE SVCS GRP INC 114,255 3,534 1.46%
44 HARMAN INTL INDS INC 10,005 1,068 0.44%
45 HANNON ARMSTRONG SUST COM 40,545 577 0.24%
46 H C P INC REIT 179,420 7,900 3.26%
47 GENERAL ELECTRIC CO 239,590 6,054 2.50%
48 FLY LEASING LIMITED SPONSORED ADR 699,090 9,193 3.79%
49 FIRST SOLAR INC 23,990 1,070 0.44%
50 Enbridge Energy Management LLC 14,040 545 0.22%
Page 1 of 2