# EDGAR Filing Document

**Accession Number:** 0001569102
**File Stem:** 0001569102-23-000001
**Filing Date:** 2023-1
**Character Count:** 10289
**Document Hash:** 7e3e275064fe624d8aced645fe30626c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001569102-23-000001.hdr.sgml**: 20230112

**ACCESSION NUMBER**: 0001569102-23-000001

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230112

**DATE AS OF CHANGE**: 20230112

**EFFECTIVENESS DATE**: 20230112

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** A. D. Beadell Investment Counsel, Inc.
- **CENTRAL INDEX KEY:** 0001569102
- **IRS NUMBER:** 391572238
- **STATE OF INCORPORATION:** WI
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-15167
- **FILM NUMBER:** 23525215

**BUSINESS ADDRESS:**
- **STREET 1:** 10224 N. PORT WASHINGTON ROAD
- **CITY:** MEQUON
- **STATE:** WI
- **ZIP:** 53092
- **BUSINESS PHONE:** 262-241-0331

**MAIL ADDRESS:**
- **STREET 1:** 10224 N. PORT WASHINGTON ROAD
- **CITY:** MEQUON
- **STATE:** WI
- **ZIP:** 53092

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2022

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** A. D. Beadell Investment Counsel Inc.<br>**Address:** 10224 N. PORT WASHINGTON ROAD<br>MEQUON, WI 53092

**Form 13F File Number:** 028-15167

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Jon Beadell<br>**Title:** Analyst/Portfolio Manager<br>**Phone:** 262-241-0331

**Signature, Place, and Date of Signing:**

Jon Beadell  Mequon, WI  01-12-2023<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 70

**Form 13F Information Table Value Total:** $115361

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| ABB Ltd | COM | 000375204 |  | 1174 | 38565 | SH |  | SOLE |  | 1180 | 0 | 37385 |
| Abbott Laboratories | COM | 002824100 |  | 4085 | 37215 | SH |  | SOLE |  | 1825 | 0 | 35390 |
| Aberdeen Phys Swiss Gold | COM | 00326A104 |  | 1527 | 87425 | SH |  | SOLE |  | 5925 | 0 | 81500 |
| Advisorshrs Pure Cannabis | COM | 00768Y495 |  | 72 | 20100 | SH |  | SOLE |  | 20100 | 0 | 0 |
| Agnico Eagle Mines | COM | 008474108 |  | 402 | 7750 | SH |  | SOLE |  | 500 | 0 | 7250 |
| Alexandria Real Estate | COM | 015271109 |  | 1019 | 7000 | SH |  | SOLE |  | 200 | 0 | 6800 |
| Alphabet Inc Cl A | COM | 02079K305 |  | 1786 | 20245 | SH |  | SOLE |  | 1500 | 0 | 18745 |
| Alphabet Inc Cl C | COM | 02079K107 |  | 224 | 2525 | SH |  | SOLE |  | 0 | 0 | 2525 |
| Amazon.com Inc | COM | 023135106 |  | 1598 | 19034 | SH |  | SOLE |  | 390 | 0 | 18644 |
| Apple Inc | COM | 037833100 |  | 2018 | 15534 | SH |  | SOLE |  | 1145 | 0 | 14389 |
| ASA Limited | COM | G3156P103 |  | 321 | 22477 | SH |  | SOLE |  | 0 | 0 | 22477 |
| Atlantica Yield | COM | G00349103 |  | 2271 | 87717 | SH |  | SOLE |  | 4850 | 0 | 82867 |
| Barrick Gold Corp | COM | 067901108 |  | 522 | 30400 | SH |  | SOLE |  | 13000 | 0 | 17400 |
| Becton Dickinson  Co | COM | 075887109 |  | 3020 | 11879 | SH |  | SOLE |  | 325 | 0 | 11554 |
| Bristol-Myers Squibb Co | COM | 110122AN8 |  | 318 | 4428 | SH |  | SOLE |  | 0 | 0 | 4428 |
| CBRE Clarion Global Real Estate | COM | 12504G100 |  | 91 | 16000 | SH |  | SOLE |  | 16000 | 0 | 0 |
| ChevronTexaco Corp | COM | 166764100 |  | 607 | 3383 | SH |  | SOLE |  | 0 | 0 | 3383 |
| Coca Cola Company | COM | 191216100 |  | 1314 | 20659 | SH |  | SOLE |  | 1550 | 0 | 19109 |
| Communications Services ETF | COM | 81369Y852 |  | 998 | 20799 | SH |  | SOLE |  | 48 | 0 | 20751 |
| Drxn Daily S Inverse ETF | COM | 25460E869 |  | 840 | 50901 | SH |  | SOLE |  | 1 | 0 | 50900 |
| Ecolab Inc. | COM | 278865100 |  | 433 | 2975 | SH |  | SOLE |  | 0 | 0 | 2975 |
| Enbridge Inc | COM | 29250N105 |  | 1411 | 36100 | SH |  | SOLE |  | 128 | 0 | 35972 |
| Enterprise Prd Prtnrs Lp | UT LTD PTNR | 293792107 |  | 4769 | 197735 | SH |  | SOLE |  | 47900 | 0 | 149835 |
| Exxon Mobil Corp | COM | 30231G102 |  | 264 | 2400 | SH |  | SOLE |  | 0 | 0 | 2400 |
| FedEx Corporation | COM | 31428X106 |  | 1203 | 6950 | SH |  | SOLE |  | 120 | 0 | 6830 |
| Illumina Inc | COM | 452327109 |  | 202 | 1002 | SH |  | SOLE |  | 42 | 0 | 960 |
| Invesco Senior Loan ETF | COM | 73936Q769 |  | 936 | 45630 | SH |  | SOLE |  | 0 | 0 | 45630 |
| iShares 1-3 Year Treasury | COM | 464287457 |  | 263 | 3247 | SH |  | SOLE |  | 0 | 0 | 3247 |
| iShares Short Term Corporate Bond | COM | 464288646 |  | 1666 | 33450 | SH |  | SOLE |  | 0 | 0 | 33450 |
| Johnson  Johnson | COM | 478160104 |  | 2496 | 14134 | SH |  | SOLE |  | 600 | 0 | 13534 |
| JPMorgan Chase  Co | COM | 46625H100 |  | 1979 | 14759 | SH |  | SOLE |  | 150 | 0 | 14609 |
| Kinder Morgan Inc | COM | 49456B101 |  | 3726 | 206125 | SH |  | SOLE |  | 27575 | 0 | 178550 |
| Lab Corp. of America | COM | 50540R409 |  | 1022 | 4344 | SH |  | SOLE |  | 190 | 0 | 4154 |
| Market Vectors Gold Miner ETF | COM | 570604100 |  | 3193 | 111437 | SH |  | SOLE |  | 4075 | 0 | 107362 |
| Medtronic Inc | COM | G5960L103 |  | 2348 | 30212 | SH |  | SOLE |  | 3047 | 0 | 27165 |
| Merck  Co Inc | COM | 58933Y105 |  | 5997 | 54059 | SH |  | SOLE |  | 6490 | 0 | 47569 |
| Microsoft Corp | COM | 594918104 |  | 3143 | 13108 | SH |  | SOLE |  | 725 | 0 | 12383 |
| Mondelez International | COM | 609207105 |  | 1132 | 16991 | SH |  | SOLE |  | 400 | 0 | 16591 |
| Morgan Stanley | COM | 617446448 |  | 1506 | 17721 | SH |  | SOLE |  | 1000 | 0 | 16721 |
| Newmont Mining Corp | COM | 651639106 |  | 1078 | 22840 | SH |  | SOLE |  | 4475 | 0 | 18365 |
| Nextera Era Energy Partners | COM | 65341B106 |  | 7622 | 108757 | SH |  | SOLE |  | 9585 | 0 | 99172 |
| Northrop Grumman Co | COM | 666807102 |  | 1456 | 2669 | SH |  | SOLE |  | 82 | 0 | 2587 |
| Pembina Pipeline Corp | COM | 706327103 |  | 2539 | 74807 | SH |  | SOLE |  | 200 | 0 | 74607 |
| Pepsico Inc | COM | 713448108 |  | 2416 | 13377 | SH |  | SOLE |  | 225 | 0 | 13152 |
| Pfizer Incorporated | COM | 717081103 |  | 273 | 5338 | SH |  | SOLE |  | 0 | 0 | 5338 |
| Pioneer Natural Res | COM | 723787107 |  | 2273 | 9955 | SH |  | SOLE |  | 110 | 0 | 9845 |
| Plains GP Hldgs L P | COM | 72651A108 |  | 2906 | 233640 | SH |  | SOLE |  | 17815 | 0 | 215825 |
| Primoris Services Co | COM | 74164F103 |  | 3021 | 137710 | SH |  | SOLE |  | 8850 | 0 | 128860 |
| Procter  Gamble Co | COM | 742718109 |  | 473 | 3124 | SH |  | SOLE |  | 75 | 0 | 3049 |
| Prologis Inc. | COM | 74340W103 |  | 253 | 2245 | SH |  | SOLE |  | 1 | 0 | 2244 |
| Proshares Short Russell | COM | 74348A210 |  | 3940 | 160200 | SH |  | SOLE |  | 15150 | 0 | 145050 |
| Qualcomm Inc | COM | 747525103 |  | 3354 | 30512 | SH |  | SOLE |  | 3935 | 0 | 26577 |
| Quanta Services Inc | COM | 74762E102 |  | 929 | 6526 | SH |  | SOLE |  | 575 | 0 | 5951 |
| Restaurant Brands | COM | 76131D103 |  | 1854 | 28680 | SH |  | SOLE |  | 3035 | 0 | 25645 |
| Royal Gold Inc. | COM | 780287108 |  | 733 | 6510 | SH |  | SOLE |  | 235 | 0 | 6275 |
| Southwest Gas Holdings I | COM | 844895102 |  | 2607 | 42130 | SH |  | SOLE |  | 3350 | 0 | 38780 |
| SPDR Gold Shares ETF | COM | 78463V107 |  | 1357 | 8002 | SH |  | SOLE |  | 0 | 0 | 8002 |
| SPDR Technology ETF | COM | 81369Y803 |  | 202 | 1625 | SH |  | SOLE |  | 0 | 0 | 1625 |
| Sprott Physical Gold  Silver | COM | 153501101 |  | 766 | 42770 | SH |  | SOLE |  | 4450 | 0 | 38320 |
| Sprott Physical Gold ETV | COM | 85207H104 |  | 2338 | 165847 | SH |  | SOLE |  | 3382 | 0 | 162465 |
| Stryker Corp | COM | 863667101 |  | 1218 | 4985 | SH |  | SOLE |  | 350 | 0 | 4635 |
| Sysco Corporation | COM | 871829107 |  | 873 | 11422 | SH |  | SOLE |  | 0 | 0 | 11422 |
| Taiwan Semiconductor | COM | 874039100 |  | 3133 | 42067 | SH |  | SOLE |  | 3377 | 0 | 38690 |
| TC Energy Corp (Transcanada) | COM | 89353D107 |  | 614 | 15414 | SH |  | SOLE |  | 50 | 0 | 15364 |
| Union Pacific Corp | COM | 907818108 |  | 1435 | 6934 | SH |  | SOLE |  | 230 | 0 | 6704 |
| Vanguard Short Term Bond ETF | COM | 921937827 |  | 478 | 6353 | SH |  | SOLE |  | 200 | 0 | 6153 |
| Vanguard Short-Term Corp | COM | 92206C409 |  | 1984 | 26396 | SH |  | SOLE |  | 0 | 0 | 26396 |
| Wal-Mart Stores Inc | COM | 931142103 |  | 260 | 1840 | SH |  | SOLE |  | 1250 | 0 | 590 |
| Walt Disney Co | COM | 254687106 |  | 363 | 4186 | SH |  | SOLE |  | 412 | 0 | 3774 |
| Zimmer Holdings Inc | COM | 98956P102 |  | 717 | 5625 | SH |  | SOLE |  | 20 | 0 | 5605 |

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