# EDGAR Filing Document

**Accession Number:** 0001317784
**File Stem:** 0001317784-26-000001
**Filing Date:** 2026-2
**Character Count:** 20203
**Document Hash:** 1d8258a3c08212507f4bd0045e3f4d6f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001317784-26-000001.hdr.sgml**: 20260205

**ACCESSION NUMBER**: 0001317784-26-000001

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260205

**DATE AS OF CHANGE**: 20260204

**EFFECTIVENESS DATE**: 20260205

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** SFE Investment Counsel
- **CENTRAL INDEX KEY:** 0001317784

**ORGANIZATION NAME:**
- **EIN:** 953176708

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-11318
- **FILM NUMBER:** 26599760

**BUSINESS ADDRESS:**
- **STREET 1:** 801 SOUTH FIGUEROA STREET
- **STREET 2:** SUITE 610
- **CITY:** LOS ANGELES
- **STATE:** CA
- **ZIP:** 90017
- **BUSINESS PHONE:** 213-612-0220

**MAIL ADDRESS:**
- **STREET 1:** 801 SOUTH FIGUEROA STREET
- **STREET 2:** SUITE 610
- **CITY:** LOS ANGELES
- **STATE:** CA
- **ZIP:** 90017

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2025

**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:** SFE Investment Counsel<br>**Address:** 801 SOUTH FIGUEROA STREET<br>SUITE 610<br>LOS ANGELES, CA 90017

**Form 13F File Number:** 028-11318

**CRD Number (if applicable):** 000145530

**SEC File Number (if applicable):** 801-68580

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:** Gerardo Martinez<br>**Title:** Regulatory Consultant<br>**Phone:** 310-275-7300

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

/s/ Gerardo Martinez  Beverly Hills, CA  02-04-2026<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:** 146

**Form 13F Information Table Value Total:** $652870389

      (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 |
| ABBOTT LABS | COM | 002824100 | BBG001S5N9M6 | 9584636 | 76500 | SH |  | SOLE |  | 19092 | 0 | 57407 |
| ABBVIE INC | COM | 00287Y109 | BBG0025Y4RZ3 | 4457154 | 19507 | SH |  | SOLE |  | 3696 | 0 | 15811 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 | BBG001S5NN36 | 6342348 | 29615 | SH |  | SOLE |  | 19334 | 0 | 10281 |
| ALPHABET INC | CAP STK CL A | 02079K305 | BBG009S39JY5 | 14799625 | 47283 | SH |  | SOLE |  | 23276 | 0 | 24007 |
| ALPHABET INC | CAP STK CL C | 02079K107 | BBG009S3NB21 | 12014093 | 38286 | SH |  | SOLE |  | 11890 | 0 | 26394 |
| AMAZON COM INC | COM | 023135106 | BBG001S5PQL7 | 16909066 | 73257 | SH |  | SOLE |  | 28141 | 0 | 45115 |
| AMERICAN WTR WKS CO INC NEW | COM | 030420103 | BBG001SPHYW3 | 4912412 | 37643 | SH |  | SOLE |  | 13290 | 0 | 24353 |
| AMPHENOL CORP NEW | CL A | 032095101 | BBG001S5NSK6 | 244198 | 1807 | SH |  | SOLE |  | 1807 | 0 | 0 |
| APPLE INC | COM | 037833100 | BBG001S5N8V8 | 23650939 | 86997 | SH |  | SOLE |  | 31109 | 0 | 55887 |
| APPLIED MATLS INC | COM | 038222105 | BBG001S5NMM7 | 5292195 | 20593 | SH |  | SOLE |  | 8311 | 0 | 12282 |
| ASTRAZENECA PLC | SPONSORED ADR | 046353108 | BBG001SB80N8 | 559394 | 6085 | SH |  | SOLE |  | 6085 | 0 | 0 |
| AT INC | COM | 00206R102 | BBG001S5VWH2 | 1135908 | 45729 | SH |  | SOLE |  | 8265 | 0 | 37464 |
| BECTON DICKINSON  CO | COM | 075887109 | BBG001S5P374 | 4645454 | 23937 | SH |  | SOLE |  | 7359 | 0 | 16578 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 | BBG001S90346 | 2266952 | 4510 | SH |  | SOLE |  | 2356 | 0 | 2154 |
| BLACKSTONE INC | COM | 09260D107 | BBG001S7H949 | 8091117 | 52492 | SH |  | SOLE |  | 21792 | 0 | 30700 |
| BOEING CO | COM | 097023105 | BBG001S5P0V3 | 256636 | 1182 | SH |  | SOLE |  | 325 | 0 | 857 |
| BOOKING HOLDINGS INC | COM | 09857L108 | BBG001S89N72 | 214213 | 40 | SH |  | SOLE |  | 15 | 0 | 25 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 | BBG001S8N8J6 | 761741 | 14122 | SH |  | SOLE |  | 5757 | 0 | 8365 |
| BROADCOM INC | COM | 11135F101 | BBG00KHY5SY8 | 18173484 | 52509 | SH |  | SOLE |  | 18734 | 0 | 33775 |
| BROOKFIELD CORP | CL A LTD VT SH | 11271J107 | BBG001SF86D7 | 229129 | 4993 | SH |  | SOLE |  | 4993 | 0 | 0 |
| BROOKFIELD RENEWABLE PARTNER | PARTNERSHIP UNIT | G16258108 | BBG001SDHPH6 | 1781234 | 66045 | SH |  | SOLE |  | 6926 | 0 | 59119 |
| CAPITAL GROUP CORE EQUITY ET | SHS CREATION UNI | 14020V108 | BBG015D25YS8 | 209478 | 5207 | SH |  | SOLE |  | 0 | 0 | 5207 |
| CAPITAL GROUP DIVIDEND VALUE | SHS CREATION UNI | 14020W106 | BBG015H8BXT5 | 217022 | 4973 | SH |  | SOLE |  | 0 | 0 | 4973 |
| CHEVRON CORP NEW | COM | 166764100 | BBG001S67ZC5 | 2332178 | 15302 | SH |  | SOLE |  | 7314 | 0 | 7988 |
| CISCO SYS INC | COM | 17275R102 | BBG001S6HC62 | 4578908 | 59443 | SH |  | SOLE |  | 23210 | 0 | 36233 |
| CLEAN HARBORS INC | COM | 184496107 | BBG001S5PW98 | 893369 | 3810 | SH |  | SOLE |  | 245 | 0 | 3565 |
| CLEVELAND-CLIFFS INC NEW | COM | 185899101 | BBG001S5PW43 | 12049342 | 907330 | SH |  | SOLE |  | 257976 | 0 | 649354 |
| CME GROUP INC | COM | 12572Q105 | BBG001S86547 | 238126 | 872 | SH |  | SOLE |  | 872 | 0 | 0 |
| CORNING INC | COM | 219350105 | BBG001S5RLH1 | 2115537 | 24161 | SH |  | SOLE |  | 4645 | 0 | 19516 |
| COSTCO WHSL CORP NEW | COM | 22160K105 | BBG001S9KRQ7 | 9658633 | 11200 | SH |  | SOLE |  | 2370 | 0 | 8830 |
| CRISPR THERAPEUTICS AG | NAMEN AKT | H17182108 | BBG00DBBGRY0 | 660744 | 12600 | SH |  | SOLE |  | 4235 | 0 | 8365 |
| CUMMINS INC | COM | 231021106 | BBG001S5Q9M3 | 11568839 | 22664 | SH |  | SOLE |  | 6974 | 0 | 15690 |
| DANAHER CORPORATION | COM | 235851102 | BBG001S5QGT0 | 6224443 | 27190 | SH |  | SOLE |  | 13323 | 0 | 13867 |
| DARDEN RESTAURANTS INC | COM | 237194105 | BBG001S5QM08 | 943103 | 5125 | SH |  | SOLE |  | 3860 | 0 | 1265 |
| DEERE  CO | COM | 244199105 | BBG001S5QFF7 | 1908371 | 4099 | SH |  | SOLE |  | 481 | 0 | 3618 |
| DONALDSON INC | COM | 257651109 | BBG001S5QDV4 | 6099985 | 68802 | SH |  | SOLE |  | 10175 | 0 | 58627 |
| EAST WEST BANCORP INC | COM | 27579R104 | BBG001SCC7R2 | 1200887 | 10685 | SH |  | SOLE |  | 1915 | 0 | 8770 |
| EATON CORP PLC | SHS | G29183103 | BBG001S5QZ45 | 5045198 | 15840 | SH |  | SOLE |  | 5764 | 0 | 10076 |
| EDISON INTL | COM | 281020107 | BBG001S7MY75 | 822274 | 13700 | SH |  | SOLE |  | 5760 | 0 | 7940 |
| ELI LILLY  CO | COM | 532457108 | BBG001S5STL8 | 6540513 | 6086 | SH |  | SOLE |  | 2875 | 0 | 3211 |
| EMERSON ELEC CO | COM | 291011104 | BBG001S5QVT7 | 894798 | 6742 | SH |  | SOLE |  | 4677 | 0 | 2065 |
| EXPEDIA GROUP INC | COM NEW | 30212P303 | BBG001SP8VM0 | 7025288 | 24797 | SH |  | SOLE |  | 15526 | 0 | 9271 |
| FEDEX CORP | COM | 31428X106 | BBG001S5R3M5 | 4983486 | 17252 | SH |  | SOLE |  | 6706 | 0 | 10546 |
| FIRST SOLAR INC | COM | 336433107 | BBG001S991Z7 | 16734133 | 64059 | SH |  | SOLE |  | 24793 | 0 | 39266 |
| FISERV INC | COM | 337738108 | BBG001S5R6Q4 | 2042438 | 30407 | SH |  | SOLE |  | 10998 | 0 | 19409 |
| FORD MTR CO | COM | 345370860 | BBG001S5TZ33 | 1079710 | 82295 | SH |  | SOLE |  | 9050 | 0 | 73245 |
| GE AEROSPACE | COM NEW | 369604301 | BBG001S5PVD5 | 3959088 | 12853 | SH |  | SOLE |  | 6885 | 0 | 5967 |
| GE VERNOVA INC | COM | 36828A101 | BBG013G17W77 | 3707049 | 5672 | SH |  | SOLE |  | 3527 | 0 | 2145 |
| GOLDMAN SACHS ETF TR | ACTIVEBETA INT | 381430107 | BBG00BDMWQF3 | 405482 | 9443 | SH |  | SOLE |  | 9443 | 0 | 0 |
| GOLDMAN SACHS ETF TR | ACTIVEBETA US LG | 381430503 | BBG00B0SKXY1 | 664121 | 5017 | SH |  | SOLE |  | 5017 | 0 | 0 |
| HA SUSTAINABLE INFRA CAP INC | COM | 41068X100 | BBG0044K5DN3 | 5216029 | 165957 | SH |  | SOLE |  | 27457 | 0 | 138500 |
| HOME DEPOT INC | COM | 437076102 | BBG001S5RTW7 | 215751 | 627 | SH |  | SOLE |  | 397 | 0 | 230 |
| HONEYWELL INTL INC | COM | 438516106 | BBG001S5X1N1 | 4740297 | 24298 | SH |  | SOLE |  | 9833 | 0 | 14465 |
| IMPINJ INC | COM | 453204109 | BBG001T313Q3 | 586414 | 3370 | SH |  | SOLE |  | 565 | 0 | 2805 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 | BBG001S5S399 | 10106389 | 34119 | SH |  | SOLE |  | 10491 | 0 | 23628 |
| INTUITIVE SURGICAL INC | COM NEW | 46120E602 | BBG001S7XR78 | 336418 | 594 | SH |  | SOLE |  | 259 | 0 | 335 |
| INVESCO EXCH TRADED FD TR II | RUSEL 1000 EQL | 46138E420 | BBG007RBRW19 | 1409985 | 26785 | SH |  | SOLE |  | 3656 | 0 | 23129 |
| INVESCO EXCH TRD SLF IDX FD | BULETSHS 2027 | 46138J585 | BBG00Q5LFH79 | 7969091 | 352387 | SH |  | SOLE |  | 97780 | 0 | 254607 |
| INVESCO EXCH TRD SLF IDX FD | BULETSHS 2029 | 46138J577 | BBG00Q5D6ZV0 | 5783061 | 307038 | SH |  | SOLE |  | 133470 | 0 | 173568 |
| INVESCO EXCH TRD SLF IDX FD | BULETSHS 2029 HG | 46138J395 | BBG012JBJ3V8 | 7788169 | 362072 | SH |  | SOLE |  | 112024 | 0 | 250048 |
| INVESCO EXCH TRD SLF IDX FD | BULETSHS 2031 CP | 46138J429 | BBG012JBHCX8 | 1525289 | 91362 | SH |  | SOLE |  | 38375 | 0 | 52987 |
| INVESCO EXCH TRD SLF IDX FD | BULLETSHS 2030 | 46139W841 | BBG019JCWKY5 | 6338138 | 242794 | SH |  | SOLE |  | 75195 | 0 | 167599 |
| INVESCO EXCH TRD SLF IDX FD | BULSHS 2026 CB | 46138J791 | BBG00KJR2K35 | 3849522 | 196655 | SH |  | SOLE |  | 58006 | 0 | 138649 |
| INVESCO EXCH TRD SLF IDX FD | BULSHS 2027 CB | 46138J783 | BBG00KJR2L24 | 5590250 | 283194 | SH |  | SOLE |  | 108615 | 0 | 174579 |
| INVESCO EXCH TRD SLF IDX FD | INVESCO BULLETSH | 46139W817 | BBG01J7S15V1 | 1824892 | 68348 | SH |  | SOLE |  | 18485 | 0 | 49863 |
| INVESCO EXCH TRD SLF IDX FD | INVSCO 28 HYCORP | 46138J452 | BBG00X3HZJZ8 | 8351992 | 379636 | SH |  | SOLE |  | 119287 | 0 | 260349 |
| INVESCO EXCH TRD SLF IDX FD | INVSCO 30 CORP | 46138J460 | BBG00X3HYBX8 | 3975252 | 234944 | SH |  | SOLE |  | 90697 | 0 | 144247 |
| INVESCO EXCH TRD SLF IDX FD | INVSCO BLSH 26 | 46138J635 | BBG00LNJYDS0 | 7016751 | 300632 | SH |  | SOLE |  | 71567 | 0 | 229065 |
| INVESCO EXCH TRD SLF IDX FD | INVSCO BLSH 28 | 46138J643 | BBG00LNJW5P2 | 6522722 | 316637 | SH |  | SOLE |  | 127932 | 0 | 188705 |
| INVESCO EXCHANGE TRADED FD T | S EQL TEC | 46137V282 | BBG00KJR2V68 | 667482 | 14667 | SH |  | SOLE |  | 1672 | 0 | 12994 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 | BBG001S9GN63 | 244924 | 399 | SH |  | SOLE |  | 398 | 0 | 0 |
| IQVIA HLDGS INC | COM | 46266C105 | BBG00333FZ54 | 10823963 | 48019 | SH |  | SOLE |  | 20186 | 0 | 27833 |
| ISHARES GOLD TR | ISHARES NEW | 464285204 | BBG001SJK6D5 | 773712 | 9532 | SH |  | SOLE |  | 9532 | 0 | 0 |
| ISHARES TR | 7-10 YR TRSY BD | 464287440 | BBG001S80936 | 322956 | 3359 | SH |  | SOLE |  | 3358 | 0 | 0 |
| ISHARES TR | CALIF MUN BD ETF | 464288356 | BBG001T03XM5 | 229668 | 3997 | SH |  | SOLE |  | 3997 | 0 | 0 |
| ISHARES TR | CALIF MUN BD ETF | 464288356 | BBG001T03XM5 | 1027960 | 4000 | SH | Put | SOLE |  | 4000 | 0 | 0 |
| ISHARES TR | CORE MSCI EAFE | 46432F842 | BBG003H6TRS0 | 243331 | 2720 | SH |  | SOLE |  | 2196 | 0 | 524 |
| ISHARES TR | CORE S ETF | 464287200 | BBG001SFB7R6 | 5495959 | 8024 | SH |  | SOLE |  | 7988 | 0 | 36 |
| ISHARES TR | ISHARES BIOTECH | 464287556 | BBG001SGYSW7 | 385224 | 2283 | SH |  | SOLE |  | 358 | 0 | 1924 |
| ISHARES TR | U S EQUITY FACTR | 46434V282 | BBG008LNYFB5 | 373186 | 5375 | SH |  | SOLE |  | 5375 | 0 | 0 |
| ISHARES TR | US INDUSTRIALS | 464287754 | BBG001SFGXQ5 | 333137 | 2248 | SH |  | SOLE |  | 309 | 0 | 1939 |
| J P MORGAN EXCHANGE TRADED F | EQUITY PREMIUM | 46641Q332 | BBG00TSG0SK6 | 2238141 | 39101 | SH |  | SOLE |  | 38201 | 0 | 900 |
| JACOBS SOLUTIONS INC | COM | 46982L108 | BBG019C1BQS3 | 7312189 | 55203 | SH |  | SOLE |  | 23973 | 0 | 31230 |
| JOHNSON  JOHNSON | COM | 478160104 | BBG001S5SHQ9 | 5704370 | 27564 | SH |  | SOLE |  | 13684 | 0 | 13880 |
| JPMORGAN CHASE  CO. | COM | 46625H100 | BBG001S8CRC3 | 19583870 | 60778 | SH |  | SOLE |  | 21311 | 0 | 39466 |
| KIMBERLY-CLARK CORP | COM | 494368103 | BBG001S5SLZ0 | 1645011 | 16305 | SH |  | SOLE |  | 8110 | 0 | 8195 |
| KIMBERLY-CLARK CORP | COM | 494368103 | BBG001S5SLZ0 | 8076454 | 16700 | SH | Put | SOLE |  | 16700 | 0 | 0 |
| KINDER MORGAN INC DEL | COM | 49456B101 | BBG001TG2YZ5 | 4131335 | 150285 | SH |  | SOLE |  | 84980 | 0 | 65305 |
| KLA CORP | COM NEW | 482480100 | BBG001S5SLM4 | 2430160 | 2000 | SH |  | SOLE |  | 2000 | 0 | 0 |
| KLA CORP | COM NEW | 482480100 | BBG001S5SLM4 | 2430160 | 2000 | SH | Put | SOLE |  | 2000 | 0 | 0 |
| L3HARRIS TECHNOLOGIES INC | COM | 502431109 | BBG001S5S0N9 | 7603169 | 25899 | SH |  | SOLE |  | 9719 | 0 | 16180 |
| LABCORP HOLDINGS INC | COM SHS | 504922105 | BBG01MMT6PQ2 | 8226104 | 32789 | SH |  | SOLE |  | 14383 | 0 | 18406 |
| LIMONEIRA CO | COM | 532746104 | BBG001S775Q4 | 757626 | 60010 | SH |  | SOLE |  | 60010 | 0 | 0 |
| LOWES COS INC | COM | 548661107 | BBG001S5SVL3 | 13253772 | 54958 | SH |  | SOLE |  | 17173 | 0 | 37785 |
| MARVELL TECHNOLOGY INC | COM | 573874104 | BBG00ZXBJ162 | 2558408 | 30106 | SH |  | SOLE |  | 15194 | 0 | 14912 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 | BBG001SKNNS6 | 366996 | 643 | SH |  | SOLE |  | 614 | 0 | 28 |
| MESABI TR | CTF BEN INT | 590672101 | BBG001S5TCR8 | 213345 | 5540 | SH |  | SOLE |  | 0 | 0 | 5540 |
| META PLATFORMS INC | CL A | 30303M102 | BBG001SQCQC5 | 592819 | 898 | SH |  | SOLE |  | 558 | 0 | 340 |
| MICROSOFT CORP | COM | 594918104 | BBG001S5TD05 | 26583568 | 54968 | SH |  | SOLE |  | 37722 | 0 | 17245 |
| NETFLIX INC | COM | 64110L106 | BBG001SF6L46 | 1608922 | 17160 | SH |  | SOLE |  | 7260 | 0 | 9900 |
| NEXTERA ENERGY INC | COM | 65339F101 | BBG001S5RB29 | 14716930 | 183320 | SH |  | SOLE |  | 66881 | 0 | 116439 |
| NORTHROP GRUMMAN CORP | COM | 666807102 | BBG001S5TP26 | 508627 | 892 | SH |  | SOLE |  | 624 | 0 | 268 |
| NUVEEN PFD  INCOME OPPORTUN | COM | 67073B106 | BBG001S6R664 | 103938 | 12816 | SH |  | SOLE |  | 0 | 0 | 12816 |
| NVIDIA CORPORATION | COM | 67066G104 | BBG001S5TZJ6 | 25292994 | 135619 | SH |  | SOLE |  | 45353 | 0 | 90265 |
| ONEOK INC NEW | COM | 682680103 | BBG001S5TWK1 | 15178853 | 206515 | SH |  | SOLE |  | 79991 | 0 | 126524 |
| PALO ALTO NETWORKS INC | COM | 697435105 | BBG001T9NWN5 | 14613323 | 79334 | SH |  | SOLE |  | 27009 | 0 | 52325 |
| PFIZER INC | COM | 717081103 | BBG001S5V466 | 2154971 | 86545 | SH |  | SOLE |  | 23195 | 0 | 63350 |
| PHILIP MORRIS INTL INC | COM | 718172109 | BBG001STP9N1 | 280540 | 1749 | SH |  | SOLE |  | 1579 | 0 | 170 |
| PINNACLE WEST CAP CORP | COM | 723484101 | BBG001S5VB15 | 2052075 | 23135 | SH |  | SOLE |  | 11740 | 0 | 11395 |
| PROCTER AND GAMBLE CO | COM | 742718109 | BBG001S5V4L9 | 411296 | 2870 | SH |  | SOLE |  | 2519 | 0 | 350 |
| PROSHARES TR | INVT INT RT HG | 74347B607 | BBG005JYLX52 | 203899 | 2600 | SH |  | SOLE |  | 400 | 0 | 2200 |
| PRUDENTIAL FINL INC | COM | 744320102 | BBG001S97MM7 | 9067650 | 80330 | SH |  | SOLE |  | 32184 | 0 | 48146 |
| QUALCOMM INC | COM | 747525103 | BBG001S6VS70 | 16439039 | 96107 | SH |  | SOLE |  | 33092 | 0 | 63014 |
| QUANTA SVCS INC | COM | 74762E102 | BBG001S5VH85 | 7332448 | 17373 | SH |  | SOLE |  | 6892 | 0 | 10481 |
| QUICKLOGIC CORP | COM NEW | 74837P405 | BBG001S711V3 | 179471 | 29862 | SH |  | SOLE |  | 0 | 0 | 29862 |
| ROPER TECHNOLOGIES INC | COM | 776696106 | BBG001S9B362 | 4689445 | 10535 | SH |  | SOLE |  | 3364 | 0 | 7171 |
| SALESFORCE INC | COM | 79466L302 | BBG001SDLP09 | 4607845 | 17394 | SH |  | SOLE |  | 8485 | 0 | 8909 |
| SELECT SECTOR SPDR TR | STATE STREET FIN | 81369Y605 | BBG001S7T223 | 361200 | 6595 | SH |  | SOLE |  | 1034 | 0 | 5560 |
| SELECT SECTOR SPDR TR | STATE STREET MAT | 81369Y100 | BBG001S7R733 | 314483 | 6935 | SH |  | SOLE |  | 912 | 0 | 6022 |
| SHERWIN WILLIAMS CO | COM | 824348106 | BBG001S5W2F9 | 903396 | 2788 | SH |  | SOLE |  | 1098 | 0 | 1690 |
| SHOPIFY INC | CL A SUB VTG SHS | 82509L107 | BBG004DW5NC7 | 581102 | 3610 | SH |  | SOLE |  | 250 | 0 | 3360 |
| SPDR GOLD TR | GOLD SHS | 78463V107 | BBG001SCPX28 | 221934 | 560 | SH |  | SOLE |  | 400 | 0 | 160 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 | BBG001S72SM3 | 511440 | 750 | SH |  | SOLE |  | 600 | 0 | 150 |
| STARBUCKS CORP | COM | 855244109 | BBG001S72KH6 | 251788 | 2990 | SH |  | SOLE |  | 0 | 0 | 2990 |
| TAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADS | 874039100 | BBG001S5WWW4 | 362541 | 1193 | SH |  | SOLE |  | 555 | 0 | 638 |
| TENNANT CO | COM | 880345103 | BBG001SCHFK6 | 1053910 | 14300 | SH |  | SOLE |  | 3010 | 0 | 11290 |
| TESLA INC | COM | 88160R101 | BBG001SQKGD7 | 608021 | 1352 | SH |  | SOLE |  | 412 | 0 | 940 |
| TETRA TECH INC NEW | COM | 88162G103 | BBG001S5YYH5 | 3435234 | 102422 | SH |  | SOLE |  | 26018 | 0 | 76404 |
| THOR INDS INC | COM | 885160101 | BBG001S5WPH6 | 593946 | 5785 | SH |  | SOLE |  | 250 | 0 | 5535 |
| UBER TECHNOLOGIES INC | COM | 90353T100 | BBG002B04MW4 | 4030836 | 49331 | SH |  | SOLE |  | 25588 | 0 | 23743 |
| ULTA BEAUTY INC | COM | 90384S303 | BBG00FWQ4W44 | 2204656 | 3644 | SH |  | SOLE |  | 655 | 0 | 2989 |
| UNITED RENTALS INC | COM | 911363109 | BBG001SBGZ25 | 8699381 | 10749 | SH |  | SOLE |  | 4414 | 0 | 6335 |
| US BANCORP DEL | COM NEW | 902973304 | BBG001S6T8C1 | 12366607 | 231758 | SH |  | SOLE |  | 80044 | 0 | 151714 |
| VANGUARD BD INDEX FDS | TOTAL BND MRKT | 921937835 | BBG001SK7DK4 | 324649 | 4383 | SH |  | SOLE |  | 0 | 0 | 4383 |
| VANGUARD INTL EQUITY INDEX F | ALLWRLD EX US | 922042775 | BBG001SP7T00 | 427825 | 5816 | SH |  | SOLE |  | 5816 | 0 | 0 |
| VERIFYME INC | COM NEW | 92346X206 | BBG001SD4YY2 | 76106 | 126675 | SH |  | SOLE |  | 0 | 0 | 126675 |
| VERTIV HOLDINGS CO | COM CL A | 92537N108 | BBG00L2B8LM7 | 489270 | 3020 | SH |  | SOLE |  | 3020 | 0 | 0 |
| VISA INC | COM CL A | 92826C839 | BBG001SRCFY3 | 240065 | 685 | SH |  | SOLE |  | 328 | 0 | 356 |
| VUZIX CORP | COM NEW | 92921W300 | BBG001T6DHT9 | 37800 | 10000 | SH |  | SOLE |  | 0 | 0 | 10000 |
| WELLS FARGO CO NEW | COM | 949746101 | BBG001S5XF23 | 323209 | 3468 | SH |  | SOLE |  | 1342 | 0 | 2125 |
| WEYERHAEUSER CO MTN BE | COM NEW | 962166104 | BBG001S5XL11 | 3746834 | 158161 | SH |  | SOLE |  | 44809 | 0 | 113352 |
| WILLIAMS SONOMA INC | COM | 969904101 | BBG001SBW7S1 | 6274402 | 35133 | SH |  | SOLE |  | 16051 | 0 | 19082 |
| WISDOMTREE TR | YIELD ENHANCD US | 97717X511 | BBG009KCY2C6 | 385349 | 8748 | SH |  | SOLE |  | 8748 | 0 | 0 |
| WORKDAY INC | CL A | 98138H101 | BBG001T21KQ7 | 991210 | 4615 | SH |  | SOLE |  | 1410 | 0 | 3205 |
| XYLEM INC | COM | 98419M100 | BBG001V05C73 | 5912936 | 43420 | SH |  | SOLE |  | 15059 | 0 | 28361 |
| ZOETIS INC | CL A | 98978V103 | BBG0039320P7 | 2798111 | 22239 | SH |  | SOLE |  | 12389 | 0 | 9850 |

---