Sfe Investment Counsel Portfolio Changes: Q2 2026 Focus on Technology Buys and Selective Sales

For the period ending June 30th, 2026 (Q2), Sfe Investment Counsel managed a substantial portfolio valued at $716.8 million.

The investment firm maintained its focus on Technology sector holdings, which represented approximately one-third of the total portfolio value ($245.9 million). Key stocks like NVIDIA Corporation (NVDA) and Palo Alto Networks Inc. (PANW) remained significant components despite minor share adjustments.

Technology Sector: Continued Dominance with Strategic Buys

Sfe Investment Counsel's Technology holdings saw slight changes overall, but the quarter featured notable new positions within this sector:

• NVIDIA Corporation (NVDA) allocation remained steady at ~3.8%.
• Palo Alto Networks Inc. (PANW) saw a small increase in shares, maintaining its ~3.8% weight.
• Microsoft Corporation (MSFT) experienced slight share growth (~1.6%), keeping its allocation around ~3.0%.
• Broadcom Inc. (AVGO)'s position slightly decreased in shares, maintaining a similar weight.
• The firm significantly increased its stake in KLA Corporation (KLAC), adding over 180k shares and boosting the allocation to ~0.8%. This stock is available at this link.
• Additionally, Sfe Investment Counsel purchased a large position in CHEWY INC (CHWY), acquiring all shares held previously and adding new ones. The allocation for this stock reached ~0.3%. You can find more details about CHEWY INC here.
• The firm also took significant positions in several INVESCO Exchange-Traded Structured Index Fund products: (BSJQ), (BSCR), and others, collectively adding ~1.5% to the portfolio allocation from these funds.

In Healthcare, Sfe Investment Counsel exited a position entirely in Zoetis Inc. (ZTS) during Q2 2026, reducing its weight by nearly 81%. This action is detailed in their holdings data and represents one of the notable sales for the period.

Healthcare and Other Sectors: Selective Adjustments

In Healthcare beyond the exit from ZTS:

• Pfizer Inc. (PFE) allocation increased modestly by ~34%.
• The firm also purchased shares in QUALCOMM Inc. (QCOM), adding a new position with an allocation of ~0.2%. This stock can be explored further at this link.

In Energy, the firm held ONEOK Inc. (OKE) and maintained its stake in it.

Financial Services: Stable Position

JPMorgan Chase & Co. (JPM) allocation remained stable at ~2.7% during Q2 2026, indicating the firm's continued confidence in this large financial institution.

The overall portfolio shows a high level of activity with over half the holdings changed or zeroed out compared to the previous quarter. The Technology sector remains dominant, while other sectors like Consumer Cyclical and Healthcare also saw changes based on market movements and strategic decisions.