SFE INVESTMENT COUNSEL Information

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

Report Date: 12/31/2014

Position Statistics

Total Positions 94
New Positions 4
Increased Positions 39
Decreased Positions 45
Positions with Activity 84
Sold Out Positions 3
Total Mkt Value (in $ millions) 246

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

Sector Weighting

Basic Materials 4.52%
Capital Goods 8.89%
Conglomerates 0.32%
Consumer Cyclical 2.88%
Consumer/Non-Cyclical 3.77%
Energy 6.29%
Financial 11.81%
Healthcare 9.78%
Services 21.06%
Technology 20.06%
Transportation 3.8%
Utilities 5.48%

94 Positions as of 12/31/2014

Company Class Value of Shares ($1,000s) ▼ Change in Value ($1,000s) Change (%) Shares Held
APPLE INC COM 10,785 -481 (4.27) 83,634
FLY LEASING LTD SPONSORED ADR 10,409 514 5.20 699,090
E M C CORP MASS COM 8,684 41 .47 320,222
WALGREENS BOOTS ALLIANCE INC COM 7,952 156 2.01 95,285
PLUM CREEK TIMBER CO INC COM 7,886 61 .78 186,960
ABBVIE INC COM 7,518 -382 (4.84) 116,885
BECTON DICKINSON & CO COM 7,418 -363 (4.66) 52,171
HCP INC COM 7,284 114 1.59 179,420
KAYNE ANDERSON MLP INVT CO COM 6,959 74 1.08 194,385
VERIZON COMMUNICATIONS INC COM 6,790 237 3.62 134,692
GENERAL ELECTRIC CO COM 6,543 433 7.08 239,590
QUALCOMM INC COM 6,405 368 6.09 93,612
LOWES COS INC COM 6,329 -217 (3.32) 89,515
NORDIC AMERICAN TANKERS LIMITE COM 6,143 -375 (5.75) 501,480
DONALDSON INC COM 5,807 49 .85 154,030
AZZ INC COM 5,544 78 1.42 119,082
WELLS FARGO & CO NEW COM 5,278 -48 (0.91) 95,635
CORNING INC COM 5,236 -26 (0.5) 244,215
DELUXE CORP COM 5,040 -178 (3.42) 76,962
ABBOTT LABS COM 4,936 -37 (0.74) 105,713