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 (2016Q4)
Original 13F HR (0001085146-17-000458) filed in 2017.02.10
#
Name
Shares
Value ($)
%
Options
Notes
51 FIRST SOLAR INC 47,304 1,539 0.59%
52 FLY LEASING LIMITED SPONSORED ADR 461,131 6,410 2.47%
53 FRANKLIN RESOURCES INC 31,580 1,300 0.50%
54 GENERAL ELECTRIC CO 197,762 5,933 2.29%
55 HAIN CELESTIAL GROUP INC 22,712 931 0.36%
56 HANNON ARMSTRONG SUST INFR C 77,907 1,485 0.57%
57 HCP INC 210,953 6,379 2.46%
58 HEALTHCARE SVCS GRP INC 39,649 1,592 0.61%
59 HELMERICH & PAYNE INC 39,972 3,194 1.23%
60 HEXCEL CORP NEW COM 8,345 426 0.16%
61 INTEL CORP 90,741 3,414 1.32%
62 INTERNATIONAL BUSINESS MACHS 2,651 466 0.18%
63 JACOBS ENGR GROUP INC 53,809 3,235 1.25%
64 JOHNSON & JOHNSON 23,758 2,655 1.02%
65 JPMORGAN CHASE & CO 6,304 534 0.21%
66 KAYNE ANDERSON MLP INVT CO 420,780 8,512 3.28%
67 KINDER MORGAN INC DEL 42,744 967 0.37%
68 LABORATORY CORP AMER HLDGS 3,010 400 0.15%
69 LIMONEIRA CO 25,513 434 0.17%
70 LOWES COS INC 79,383 5,874 2.27%
71 MESABI TR 358,254 4,693 1.81%
72 MICHAEL KORS HLDGS LTD 19,200 833 0.32%
73 MICROSOFT CORP 18,894 1,200 0.46%
74 MIDCOAST ENERGY PARTNERS L P 195,235 1,679 0.65%
75 NEXTERA ENERGY INC 22,640 2,690 1.04%
76 NORDIC AMERICAN TANKERS LIMI 72,100 627 0.24%
77 NORTHROP GRUMMAN CORP 2,569 598 0.23%
78 OCCIDENTAL PETE CORP DEL 26,595 1,805 0.70%
79 ONEOK PARTNERS LP 75,220 3,331 1.29%
80 PALO ALTO NETWORKS INC 23,747 3,419 1.32%
81 PATTERSON COS INC 53,055 2,184 0.84%
82 PFIZER INC 48,896 1,523 0.59%
83 PROCTER AND GAMBLE CO 2,321 204 0.08%
84 QUALCOMM INC 125,042 6,877 2.65%
85 RLI CORP 6,955 415 0.16%
86 RPM INTL INC 17,927 943 0.36%
87 SEMPRA ENERGY 2,635 271 0.10%
88 STARBUCKS CORP 4,509 264 0.10%
89 SUBURBAN PROPANE PARTNERS LP COM USD1 30,224 953 0.37%
90 TENNANT CO 37,570 2,470 0.95%
91 TETRA TECH INC NEW 32,320 1,396 0.54%
92 THOR INDS INC 74,216 7,526 2.90%
93 UNITED NATURAL FOODSINC 5,212 247 0.10%
94 US BANCORP DEL 60,465 3,130 1.21%
95 VARIAN MED SYS INC 38,618 3,487 1.35%
96 VERIFONE SYS INC 47,035 873 0.34%
97 VERIZON COMMUNICATIONS INC 117,413 5,885 2.27%
98 WALGREENS BOOTS ALLIANCE INC 87,125 7,077 2.73%
99 WELLS FARGO & CO NEW 138,924 7,599 2.93%
100 WEYERHAEUSER CO 227,522 7,083 2.73%
Page 2 of 3