A. D. Beadell Investment Counsel, Inc.

CIK 1569102 · View on SEC EDGAR ↗

Portfolio value QoQ: +96674.3% 13F does not disclose cash

Top 10 holdings weight32.22%

Top 25 holdings weight60.85%

Positions above 1%34

Effective number of positions49.5

Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)

Turnover Q3 2026: 6.14% Est. buys $5,497,969 · sells $4,647,681

Median holding: 7.0 quarters Tracked Q1 2025–Q3 2026 · 76.9% still held

New positions5

Increased16

Decreased47

Closed9

Portfolio value $151.2M #7,497 of 9,339 by 13F value · top 80.3%

Positions 100

As of Sept. 30, 2026

Sector breakdown

Energy 14.4%

Healthcare 12.0%

Industrials 11.9%

Technology 11.7%

Utilities 10.5%

Materials 7.6%

Financials 4.5%

Communication Services 4.0%

Retail 3.1%

Consumer Staples 2.1%

Real Estate 0.6%

Other/Unmapped 17.7%

Full portfolio 100 positions

					Streak
TSM Taiwan Semiconductor Manufacturing Company Ltd.	$8,903,000	5.89%	19,518	$8,893,035	Down ×5
Unknown issuer (CUSIP: 570604100)	$6,836,000	4.52%	77,867	$6,830,127	Up ×1
EPD Enterprise Products Partners L.P. Common Stock	$5,459,000	3.61%	153,310	$5,453,365
MRK Merck & Company, Inc. Common Stock (new)	$4,230,000	2.80%	29,116	$4,226,182	Down ×3
GOOGL Alphabet Inc. - Class A Common Stock	$4,087,000	2.70%	11,880	$4,082,585	Down ×3
PAGP (filed as PAGPXXXX) Plains GP Holdings, L.P. - Class A Shares representing limited partner interests	$4,070,000	2.69%	157,175	$4,066,101	Down ×2
KMI Kinder Morgan, Inc. Common Stock	$3,984,000	2.63%	132,170	$3,979,671	Down ×6
PBA Pembina Pipeline Corp. Ordinary Shares (Canada)	$3,780,000	2.50%	84,805	$3,776,014	Down ×3
PRIM Primoris Services Corporation Common Stock	$3,763,000	2.49%	50,505	$3,757,945	Down ×5
RTX RTX Corporation Common Stock	$3,613,000	2.39%	19,465	$3,609,212	Down ×3
AMZN Amazon.com, Inc. - Common Stock	$3,508,000	2.32%	14,080	$3,504,533	Down ×2
ABT Abbott Laboratories Common Stock	$3,483,000	2.30%	35,244	$3,479,841	Up ×3
B Barrick Mining Corporation Common Shares	$3,290,000	2.18%	80,905	$3,286,945	Down ×5
AAPL Apple Inc. - Common Stock	$3,269,000	2.16%	9,817	$3,266,160
APD Air Products and Chemicals, Inc. Common Stock	$3,219,000	2.13%	11,572	$3,215,527	Down ×3
WTRG Essential Utilities, Inc. Common Stock	$3,085,000	2.04%	78,720	$3,081,927	Down ×1
MSFT Microsoft Corporation - Common Stock	$2,930,000	1.94%	5,713	$2,927,871	Up ×1
MDT Medtronic plc. Ordinary Shares	$2,764,000	1.83%	32,035	$2,761,370	Down ×1
PHYS Sprott Physical Gold Trust ETV	$2,677,000	1.77%	85,633	$2,674,418	Up ×1
J Jacobs Solutions Inc. Common Stock	$2,670,000	1.77%	19,740	$2,667,444	Down ×1
SGOL abrdn Physical Gold Shares ETF	$2,649,000	1.75%	66,975	$2,646,440
PWR Quanta Services, Inc. Common Stock	$2,607,000	1.72%	4,058	$2,604,079
BEPC (filed as BEPCXXXX) Brookfield Renewable Corporation Brookfield Renewable Corporation Class A Subordinate Voting Shares	$2,513,000	1.66%	89,070	$2,509,650	Down ×2
RWM ProShares Short Russell2000	$2,318,000	1.53%	161,100
CB Chubb Limited Common Stock	$2,307,000	1.53%	7,095	$2,304,506	Down ×3
LMT Lockheed Martin Corporation Common Stock	$2,205,000	1.46%	4,331	$2,202,723	Down ×2
SRE DBA Sempra Common Stock	$2,176,000	1.44%	27,920	$2,173,340	Down ×3
MS Morgan Stanley Common Stock	$2,107,000	1.39%	11,205	$2,104,564	Down ×3
BDX Becton, Dickinson and Company Common Stock	$2,105,000	1.39%	11,761	$2,103,168	Down ×2
ENB Enbridge Inc Common Stock	$1,962,000	1.30%	42,224	$1,959,712
VCSH Vanguard Short-Term Corporate Bond ETF	$1,926,000	1.27%	24,943	$1,924,075	Up ×2
IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF	$1,611,000	1.07%	31,450	$1,609,377	Up ×2
VST Vistra Corp. Common Stock	$1,611,000	1.07%	11,645	$1,609,668	Up ×1
RGLD Royal Gold, Inc. - Common Stock	$1,602,000	1.06%	6,791	$1,600,575	Down ×3
JNJ Johnson & Johnson Common Stock	$1,503,000	0.99%	5,680	$1,501,558
POR Portland General Electric Co Common Stock	$1,461,000	0.97%	32,745	$1,459,303
VTEI Vanguard Tax-Managed Funds Vanguard Intermediate-Term Tax-Exempt Bond ETF	$1,411,000	0.93%	14,800	$1,409,539	Up ×3
CVX Chevron Corporation Common Stock	$1,341,000	0.89%	6,569	$1,339,854	Down ×1
NFG National Fuel Gas Company Common Stock	$1,327,000	0.88%	17,495	$1,325,619	Down ×1
PEP PepsiCo, Inc. - Common Stock	$1,303,000	0.86%	10,289	$1,301,560	Down ×3
CEF (filed as CEFXXXX) Sprott Physical Gold and Silver Trust Units	$1,224,000	0.81%	29,475	$1,222,815
LH Labcorp Holdings Inc. Common Stock	$1,215,000	0.80%	3,944	$1,213,819	Down ×2
IFF International Flavors & Fragrances, Inc. Common Stock	$1,210,000	0.80%	14,495	$1,208,793	Down ×1
AZN AstraZeneca PLC - American Depositary Shares	$1,125,000	0.74%	6,968	$1,123,678	Down ×1
SYK Stryker Corporation Common Stock	$1,051,000	0.70%	3,820	$1,049,798
XLC SELECT SECTOR SPDR TRUST	$1,034,000	0.68%	9,325	$1,032,738	Down ×1
GLD SPDR Gold Shares	$1,033,000	0.68%	2,715	$1,032,000
JPM JP Morgan Chase & Co. Common Stock	$1,024,000	0.68%	3,097	$1,022,979	Down ×2
EMA Emera Incorporated Common Shares	$1,002,000	0.66%	20,955	$1,000,887	Down ×3
AMLP (filed as AMLPXXXX) ALPS ETF Trust	$910,000	0.60%	17,555	$909,143	Up ×3
UNP Union Pacific Corporation Common Stock	$858,000	0.57%	3,153	$857,095	Down ×4
AEP American Electric Power Company, Inc. - Common Stock	$855,000	0.57%	7,210	$854,113	Up ×1
NOC Northrop Grumman Corporation Common Stock	$842,000	0.56%	1,742	$841,113
AVGO Broadcom Inc. - Common Stock	$838,000	0.55%	2,389	$837,066	Down ×1
FCX Freeport-McMoRan, Inc. Common Stock	$838,000	0.55%	11,985	$837,152	Down ×1
MDLZ Mondelez International, Inc. - Class A Common Stock	$838,000	0.55%	14,506	$837,127	Down ×2
SYY Sysco Corporation Common Stock	$806,000	0.53%	10,347	$805,136
NVDA NVIDIA Corporation - Common Stock	$790,000	0.52%	3,462	$789,303	Down ×1
SKM SK Telecom Co., Ltd. Common Stock	$789,000	0.52%	22,612	$788,534	Up ×1
KO Coca-Cola Company (The) Common Stock	$692,000	0.46%	8,045	$691,347
ORI Old Republic International Corporation Common Stock	$662,000	0.44%	17,745	$661,217	Down ×2
XYL Xylem Inc. Common Stock New	$641,000	0.42%	6,337		Up ×1
QCOM QUALCOMM Incorporated - Common Stock	$641,000	0.42%	3,485		Up ×1
ECL Ecolab Inc. Common Stock	$614,000	0.41%	2,238	$613,339	Down ×1
SHY iShares 1-3 Year Treasury Bond ETF	$603,000	0.40%	7,430	$602,388	Down ×1
ETR Entergy Corporation Common Stock	$558,000	0.37%	5,625	$557,297	Down ×3
XIFR XPLR Infrastructure, LP Common Units representing limited partner interests	$548,000	0.36%	52,410	$547,315	Down ×3
VG Venture Global, Inc. Class A common stock	$530,000	0.35%	41,975	$529,541	Up ×1
GOOG Alphabet Inc. - Class C Capital Stock	$526,000	0.35%	1,545	$525,455
MYRG MYR Group, Inc. - Common Stock	$518,000	0.34%	1,773		Up ×1
AEM Agnico Eagle Mines Limited Common Stock	$494,000	0.33%	2,700	$493,582
D Dominion Energy, Inc. Common Stock	$445,000	0.29%	7,365	$444,498
RLJPRA CUSIP: 74965L200	$429,000	0.28%	17,850	$428,576	Up ×3
BSV VANGUARD BOND INDEX FUNDS	$428,000	0.28%	5,606	$427,563	Down ×2
NVO Novo Nordisk A/S Common Stock	$380,000	0.25%	10,025	$378,397	Down ×3
COLD Americold Realty Trust, Inc. Common Stock	$380,000	0.25%	27,250	$379,572
MSOS AdvisorShares Trust	$372,000	0.25%	82,400	$371,582
XLK SELECT SECTOR SPDR TRUST	$371,000	0.25%	1,900	$370,639
DX Dynex Capital, Inc. Common Stock	$334,000	0.22%	30,000		Up ×1
WAT Waters Corporation Common Stock	$326,000	0.22%	743	$325,702	Down ×1
ANET (filed as ANETXXXX) Arista Networks, Inc. Common Stock	$325,000	0.21%	1,601	$324,678	Down ×1
XOM Exxon Mobil Corporation Common Stock	$325,000	0.21%	2,000	$324,727
WMT Walmart Inc. - Common Stock	$311,000	0.21%	3,000	$310,661
META Meta Platforms, Inc. - Class A Common Stock	$309,000	0.20%	427	$308,744	Down ×1
DELL Dell Technologies Inc. Class C Common Stock	$309,000	0.20%	575	$308,453	Down ×3
NEE NextEra Energy, Inc. Common Stock	$300,000	0.20%	3,965	$299,659	Up ×1
IAU (filed as IAUXXXX) iShares Gold Trust Shares	$281,000	0.19%	3,600	$280,729
JBS JBS N.V. Class A Common Shares	$269,000	0.18%	23,900	$268,717
TRP (filed as TRPXXXX) TC Energy Corporation Common Stock	$260,000	0.17%	4,515	$259,702	Up ×1
MLPX Global X Funds	$242,000	0.16%	3,468	$241,745	Up ×1
VHT Vanguard Health Care ETF	$240,000	0.16%	760	$239,773
C Citigroup, Inc. Common Stock	$238,000	0.16%	1,840	$237,739	Down ×3
NTRS Northern Trust Corporation - Common Stock	$237,000	0.16%	1,400	$236,757
WM Waste Management, Inc. Common Stock	$229,000	0.15%	1,125	$228,750
PLD Prologis, Inc. Common Stock	$227,000	0.15%	1,751	$226,763
BAC Bank of America Corporation Common Stock	$217,000	0.14%	4,000	$216,773
SPDN Direxion Shares ETF Trust	$169,000	0.11%	20,000	$168,827
AMBP Ardagh Metal Packaging S.A. Ordinary Shares	$164,000	0.11%	37,800	$163,821
AQN Algonquin Power & Utilities Corp. Common Shares	$62,000	0.04%	12,500	$61,927
ORBS Eightco Holdings Inc. - Common Stock	$52,000	0.03%	45,200	$51,969
No matches

Conviction holdings

Positions increased for 3+ consecutive quarters.

Share counts are as reported in 13F filings (not split-adjusted)

Security	Value	% of portfolio	Streak
ABT	$3,483,000	2.30%	up ×3
VTEI	$1,411,000	0.93%	up ×3
AMLP (filed as AMLPXXXX)	$910,000	0.60%	up ×3
RLJPRA	$429,000	0.28%	up ×3

Biggest new bets

New positions opened this quarter, largest first.

Security	Value	Shares	% of portfolio
RWM	$2,318,000	161,100	1.53%
XYL	$641,000	6,337	0.42%
QCOM	$641,000	3,485	0.42%
MYRG	$518,000	1,773	0.34%
DX	$334,000	30,000	0.22%

Exited positions

Includes corporate events (mergers, delistings) — not all exits are sells

Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.

Security	Quarter	Shares before	Value before	Price since exit
SH (filed as SHXXXX)	Sept. 30, 2026	63,625	$2,100	0.8%
AVA	March 31, 2026	44,390	$1,710	-6.1%
GOLD	June 30, 2025	74,445	$1,447	73.5%
HESM	March 31, 2026	36,050	$1,243	-21.3%
GTLS	March 31, 2026	5,175	$1,067	No longer tracked
BAX	Dec. 31, 2025	39,175	$892	32.4%
PFE	Sept. 30, 2026	30,875	$743	5.3%
GPK	March 31, 2026	46,365	$698	-11.8%
GRAL	Sept. 30, 2025	12,724	$654	124.2%
MP	Sept. 30, 2025	14,500	$482	-42.9%
BTI	June 30, 2026	7,675	$448	-3.7%
JAAA	Sept. 30, 2026	8,890	$448	0.1%
HACK	Sept. 30, 2026	3,935	$412	5.4%
PYPL	June 30, 2025	5,884	$383	-23.3%
NFLX	Sept. 30, 2026	4,902	$350	-5.4%
RWM	Dec. 31, 2025	20,500	$344	-11.1%
SH (filed as SHXXXX)	Sept. 30, 2025	8,500	$337	-11.6%
PM	June 30, 2025	2,036	$323	9.5%
MET	Sept. 30, 2025	3,590	$288	20.0%
MRVL (filed as MRVLXXXX)	Sept. 30, 2025	3,712	$287	171.8%
NOW	Sept. 30, 2026	2,818	$279	18.6%
AES	Sept. 30, 2026	18,600	$272	0.7%
HUBB	Sept. 30, 2025	660	$269	4.1%
BEP	Sept. 30, 2026	6,788	$235	1.4%
BAC	March 31, 2026	4,000	$220	3.7%
ILMN	Sept. 30, 2025	2,260	$215	183.7%
PLD	June 30, 2025	1,901	$212	20.3%
COR	Dec. 31, 2025	647	$202	-2.0%
DUK	Sept. 30, 2026	1,599	$202	9.6%
CLX	March 31, 2026	2,000	$201	-16.6%
KMB	March 31, 2026	2,000	$201	14.2%
VHT	June 30, 2025	760	$201
AMT	March 31, 2026	1,140	$200	9.5%
COR	June 30, 2026	637	$200	17.0%
YOLO	June 30, 2025	43,850	$77