SFE INVESTMENT COUNSEL Information

1000 WILSHIRE BOULEVARD, LOS ANGELES, California, 90017, (213) 612-0220

Report Date: 03/31/2014

Position Statistics

Total Positions 91
New Positions 2
Increased Positions 33
Decreased Positions 49
Positions with Activity 82
Sold Out Positions 4
Total Mkt Value (in $ millions) 241

Institutional Holdings information is filed by major institutions on form 13-F with the Securities and Exchange Commission.

Sector Weighting

Basic Materials 5.9%
Capital Goods 6.32%
Conglomerates
Consumer Cyclical 3.11%
Consumer/Non-Cyclical 3.54%
Energy 12.3%
Financial 12.8%
Healthcare 9.59%
Services 17.72%
Technology 20.79%
Transportation 1.91%
Utilities 5.69%

91 Positions as of 03/31/2014

Company Class Value of Shares ($1,000s) ▼ Change in Value ($1,000s) Change (%) Shares Held
APPLE INC COM 9,837 145 1.49 104,174
E M C CORP MASS COM 8,666 367 4.43 321,198
FLY LEASING LTD SPONSORED ADR 8,522 181 2.17 588,975
KAYNE ANDERSON MLP INVT CO COM 7,924 -88 (1.1) 204,076
PLUM CREEK TIMBER CO INC COM 7,375 1,031 16.25 166,055
WALGREEN CO COM 7,330 -1,307 (15.14) 101,850
ABBVIE INC COM 7,315 -246 (3.25) 133,216
BREITBURN ENERGY PARTNERS LP COM UT LTD PTN 7,120 -108 (1.5) 315,162
QUALCOMM INC COM 6,942 -94 (1.34) 87,437
BECTON DICKINSON & CO COM 6,875 -181 (2.57) 57,964
MESABI TR CTF BEN INT 6,392 2,205 52.67 328,460
DONALDSON INC COM 6,372 -435 (6.39) 156,593
HCP INC COM 6,247 1,864 42.54 148,110
SIGMA ALDRICH CORP COM 5,892 -457 (7.2) 57,286
CORNING INC COM 5,839 65 1.13 267,465
WELLS FARGO & CO NEW COM 5,607 -291 (4.93) 109,335
CONOCOPHILLIPS COM 5,427 34 .64 64,025
AZZ INC COM 5,257 100 1.94 111,384
VERIZON COMMUNICATIONS INC COM 5,118 63 1.24 100,840
JACOBS ENGR GROUP INC DEL COM 4,990 -33 (0.66) 91,450