SFE Investment Counsel

SFE Investment Counsel as of March 31, 2013

Portfolio Holdings for SFE Investment Counsel

SFE Investment Counsel holds 0 positions in its portfolio as reported in the March 2013 quarterly 13F filing

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                                                     FORM 13F INFORMATION TABLE
                                                             VALUE  SHARES/ SH/ PUT/ INVSTMT  OTHER            VOTING AUTHORITY
NAME OF ISSUER                 TITLE OF CLASS   CUSIP     (x$1000)  PRN AMT PRN CALL DSCRETN MANAGERS         SOLE   SHARED     NONE
------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
3M CO                          COM              88579Y101     2404    22610 SH       Sole                    22610
ABBOTT LABS                    COM              002824100     3448    97630 SH       Sole                    97630
ABBVIE INC                     COM              00287y109     5675   139161 SH       Sole                   139161
AMERICAN WTR WKS CO INC NEW    COM              030420103     1256    30300 SH       Sole                    30300
ANTARES PHARMA INC             COM              036642106      107    30000 SH       Sole                    30000
APPLE INC                      COM              037833100     6057    13683 SH       Sole                    13683
AT^T INC                       COM              00206R102      211     5762 SH       Sole                     5762
AZZ INC                        COM              002474104     2307    47863 SH       Sole                    47863
B/E AEROSPACE INC              COM              073302101     2402    39840 SH       Sole                    39840
BECTON DICKINSON & CO          COM              075887109     5972    62465 SH       Sole                    62465
BED BATH & BEYOND INC          COM              075896100     2330    36169 SH       Sole                    36169
BOEING CO                      COM              097023105      581     6770 SH       Sole                     6770
BREITBURN ENERGY PARTNERS LP   COM UT LTD PTN   106776107     6536   326136 SH       Sole                   326136
BUCKEYE PARTNERS L P           UNIT LTD PARTN   118230101      461     7535 SH       Sole                     7535
BUCKEYE TECHNOLOGIES INC       COM              118255108      666    22250 SH       Sole                    22250
CAMPBELL SOUP CO               COM              134429109      305     6715 SH       Sole                     6715
CAPSTEAD MTG CORP              COM NO PAR       14067E506      421    32815 SH       Sole                    32815
CHEVRON CORP NEW               COM              166764100      428     3605 SH       Sole                     3605
CHICAGO BRIDGE & IRON CO N V   N Y REGISTRY SH  167250109      245     3950 SH       Sole                     3950
CISCO SYS INC                  COM              17275R102     2573   123135 SH       Sole                   123135
CLEAN HARBORS INC              COM              184496107     1572    27061 SH       Sole                    27061
COLGATE PALMOLIVE CO           COM              194162103      577     4892 SH       Sole                     4892
COMPUTER PROGRAMS & SYS INC    COM              205306103     2118    39140 SH       Sole                    39140
CONOCOPHILLIPS                 COM              20825C104     4010    66715 SH       Sole                    66715
CONSOLIDATED EDISON INC        COM              209115104      394     6450 SH       Sole                     6450
CORNING INC                    COM              219350105     2494   187093 SH       Sole                   187093
COSTCO WHSL CORP NEW           COM              22160K105     1617    15235 SH       Sole                    15235
CUMMINS INC                    COM              231021106      378     3260 SH       Sole                     3260
DELUXE CORP                    COM              248019101     3872    93515 SH       Sole                    93515
DOMINION RES INC VA NEW        COM              25746u109      822    14120 SH       Sole                    14120
DONALDSON INC                  COM              257651109     5619   155261 SH       Sole                   155261
E M C CORP MASS                COM              268648102     5355   224138 SH       Sole                   224138
EATON CORP PLC                 SHS              g29183103      900    14687 SH       Sole                    14687
ENBRIDGE ENERGY MANAGEMENT L   SHS UNITS LLI    29250x103      390    12899 SH       Sole                    12899
EXXON MOBIL CORP               COM              30231G102      623     6918 SH       Sole                     6918
FLY LEASING LTD                SPONSORED ADR    34407D109     9092   561909 SH       Sole                   561909
GENCO SHIPPING & TRADING LTD   SHS              Y2685T107      585   203110 SH       Sole                   203110
GENERAL ELECTRIC CO            COM              369604103     3290   142284 SH       Sole                   142284
GOOGLE INC                     CL A             38259p508     1248     1571 SH       Sole                     1571
HCP INC                        COM              40414l109     1486    29810 SH       Sole                    29810
HEALTHCARE SVCS GRP INC        COM              421906108     2801   109275 SH       Sole                   109275
HEINZ H J CO                   COM              423074103      296     4100 SH       Sole                     4100
HELMERICH & PAYNE INC          COM              423452101     3371    55530 SH       Sole                    55530
HEXCEL CORP NEW                COM              428291108      234     8050 SH       Sole                     8050
INTEL CORP                     COM              458140100     3255   149092 SH       Sole                   149092
INTERNATIONAL BUSINESS MACHS   COM              459200101     1728     8100 SH       Sole                     8100
ISHARES INC                    MSCI AUSTRALIA   464286103      229     8480 SH       Sole                     8480
ITC HLDGS CORP                 COM              465685105     1339    15004 SH       Sole                    15004
JACOBS ENGR GROUP INC DEL      COM              469814107     5573    99090 SH       Sole                    99090
JOHNSON & JOHNSON              COM              478160104     1115    13670 SH       Sole                    13670
KAYNE ANDERSON MLP INVSMNT C   COM              486606106     7413   213496 SH       Sole                   213496
KEYCORP NEW                    COM              493267108      125    12596 SH       Sole                    12596
KINDER MORGAN ENERGY PARTNER   UT LTD PARTNER   494550106     2486    27692 SH       Sole                    27692
KINDER MORGAN MANAGEMENT LLC   SHS              49455u100     2350    26755 SH       Sole                    26755
LOWES COS INC                  COM              548661107     4398   115987 SH       Sole                   115987
MESABI TR                      CTF BEN INT      590672101     1483    65160 SH       Sole                    65160
MICROSOFT CORP                 COM              594918104     1227    42890 SH       Sole                    42890
NEXTERA ENERGY INC             COM              65339F101     2882    37096 SH       Sole                    37096
NOKIA CORP                     SPONSORED ADR    654902204     2358   718800 SH       Sole                   718800
NORDIC AMERICAN TANKERS LIMI   COM              G65773106     2424   209850 SH       Sole                   209850
OCCIDENTAL PETE CORP DEL       COM              674599105     2208    28170 SH       Sole                    28170
ONEOK PARTNERS LP              UNIT LTD PARTN   68268n103     2564    44661 SH       Sole                    44661
PENGROWTH ENERGY CORP          COM              70706p104       68    13300 SH       Sole                    13300
PLUM CREEK TIMBER CO INC       COM              729251108     6837   130980 SH       Sole                   130980
PVR PARTNERS L P               COM UNIT REPTG L 693665101     1245    51621 SH       Sole                    51621
QUALCOMM INC                   COM              747525103     5567    83162 SH       Sole                    83162
RLI CORP                       COM              749607107      316     4405 SH       Sole                     4405
RPM INTL INC                   COM              749685103      853    27005 SH       Sole                    27005
SIGMA ALDRICH CORP             COM              826552101     4905    63166 SH       Sole                    63166
SUBURBAN PROPANE PARTNERS L    UNIT LTD PARTN   864482104     1426    32049 SH       Sole                    32049
TENNANT CO                     COM              880345103     1675    34503 SH       Sole                    34503
TETRA TECH INC NEW             COM              88162G103      790    25925 SH       Sole                    25925
TOWERSTREAM CORP               COM              892000100       25    11250 SH       Sole                    11250
UNITED NAT FOODS INC           COM              911163103     1834    37277 SH       Sole                    37277
US BANCORP DEL                 COM NEW          902973304     3080    90787 SH       Sole                    90787
VARIAN MED SYS INC             COM              92220P105     2658    36913 SH       Sole                    36913
VERIZON COMMUNICATIONS INC     COM              92343V104     5227   106347 SH       Sole                   106347
VOLCANO CORPORATION            COM              928645100     3466   155693 SH       Sole                   155693
WALGREEN CO                    COM              931422109     6881   144320 SH       Sole                   144320
WELLS FARGO & CO NEW           COM              949746101     4571   123575 SH       Sole                   123575
WHOLE FOODS MKT INC            COM              966837106      345     3980 SH       Sole                     3980
XCEL ENERGY INC                COM              98389b100      516    17370 SH       Sole                    17370