# A. D. Beadell Investment Counsel, Inc.

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1569102. Source: https://holderbook.com/funds/1569102-a-d-beadell-investment-counsel-inc/

- Reported value: $156.2M
- Positions: 104
- Weight of the ten largest: 32.5%
- Filed: 2026-07-15

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $10.0M | 20,868 | 6.4% | 26 |
| Market Vectors Gold Miner ETF | - | $5.9M | 77,842 | 3.8% | 31 |
| ENTERPRISE PRODS PARTNERS L | [EPD](https://holderbook.com/stocks/EPD/) | $5.6M | 153,310 | 3.6% | 31 |
| PRIMORIS SVCS CORP | [PRIM](https://holderbook.com/stocks/PRIM/) | $5.1M | 51,000 | 3.2% | 20 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $4.4M | 12,355 | 2.8% | 31 |
| KINDER MORGAN INC DEL | [KMI](https://holderbook.com/stocks/KMI/) | $4.3M | 135,420 | 2.8% | 21 |
| PEMBINA PIPELINE CORP | [PBA](https://holderbook.com/stocks/PBA/) | $4.0M | 86,205 | 2.6% | 31 |
| Plains Group Hldgs LP | - | $3.9M | 160,675 | 2.5% | 18 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $3.8M | 29,714 | 2.4% | 31 |
| RTX CORPORATION | [RTX](https://holderbook.com/stocks/RTX/) | $3.8M | 19,970 | 2.4% | 10 |
| AIR PRODUCTS AND CHEMICALS I | [APD](https://holderbook.com/stocks/APD/) | $3.5M | 11,847 | 2.2% | 12 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $3.5M | 14,550 | 2.2% | 24 |
| BROOKFIELD RENEWABLE CORP | [BEPCXXXX](https://holderbook.com/stocks/BEPCXXXX/) | $3.4M | 90,260 | 2.1% | 9 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $3.2M | 34,819 | 2.0% | 31 |
| ESSENTIAL UTILS INC | [WTRG](https://holderbook.com/stocks/WTRG/) | $3.1M | 80,220 | 2.0% | 3 |
| BARRICK MNG CORP | [B](https://holderbook.com/stocks/B/) | $3.1M | 83,180 | 2.0% | 5 |
| QUANTA SVCS INC | [PWR](https://holderbook.com/stocks/PWR/) | $2.9M | 4,058 | 1.9% | 29 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $2.8M | 9,817 | 1.8% | 31 |
| SEMPRA | [SRE](https://holderbook.com/stocks/SRE/) | $2.7M | 28,695 | 1.7% | 9 |
| MEDTRONIC PLC | [MDT](https://holderbook.com/stocks/MDT/) | $2.6M | 33,630 | 1.7% | 26 |
| SPROTT ASSET MANAGEMENT LP | [PHYS](https://holderbook.com/stocks/PHYS/) | $2.6M | 85,583 | 1.7% | 31 |
| ETFS GOLD TR | [SGOL](https://holderbook.com/stocks/SGOL/) | $2.6M | 66,975 | 1.6% | 31 |
| JACOBS SOLUTIONS INC | [J](https://holderbook.com/stocks/J/) | $2.6M | 20,290 | 1.6% | 13 |
| CHUBB LIMITED | [CB](https://holderbook.com/stocks/CB/) | $2.5M | 7,320 | 1.6% | 13 |
| MORGAN STANLEY | [MS](https://holderbook.com/stocks/MS/) | $2.4M | 11,655 | 1.6% | 23 |
| ENBRIDGE INC | [ENB](https://holderbook.com/stocks/ENB/) | $2.3M | 42,224 | 1.5% | 31 |
| LOCKHEED MARTIN CORP | [LMT](https://holderbook.com/stocks/LMT/) | $2.3M | 4,470 | 1.5% | 5 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $2.1M | 5,710 | 1.4% | 31 |
| PROSHARES TR | [SHXXXX](https://holderbook.com/stocks/SHXXXX/) | $2.1M | 63,625 | 1.3% | 3 |
| VANGUARD SCOTTSDALE FDS | [VCSH](https://holderbook.com/stocks/VCSH/) | $1.9M | 24,358 | 1.2% | 31 |
| BECTON DICKINSON & CO | [BDX](https://holderbook.com/stocks/BDX/) | $1.8M | 12,111 | 1.2% | 31 |
| PORTLAND GEN ELEC CO | [POR](https://holderbook.com/stocks/POR/) | $1.7M | 32,745 | 1.1% | 5 |
| ISHARES TR | [IGSB](https://holderbook.com/stocks/IGSB/) | $1.6M | 30,975 | 1.0% | 31 |
| NOVO-NORDISK A S | [NVO](https://holderbook.com/stocks/NVO/) | $1.6M | 33,438 | 1.0% | 11 |
| VANGUARD MUN BD FDS | [VTEI](https://holderbook.com/stocks/VTEI/) | $1.5M | 14,475 | 0.9% | 4 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $1.4M | 5,680 | 0.9% | 31 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $1.4M | 10,639 | 0.9% | 31 |
| ROYAL GOLD INC | [RGLD](https://holderbook.com/stocks/RGLD/) | $1.4M | 7,141 | 0.9% | 16 |
| NATIONAL FUEL GAS CO | [NFG](https://holderbook.com/stocks/NFG/) | $1.4M | 17,890 | 0.9% | 3 |
| VISTRA CORP | [VST](https://holderbook.com/stocks/VST/) | $1.3M | 8,400 | 0.9% | 1 |
| ASTRAZENECA PLC | [AZN](https://holderbook.com/stocks/AZN/) | $1.3M | 6,975 | 0.8% | 7 |
| SELECT SECTOR SPDR TR | [XLC](https://holderbook.com/stocks/XLC/) | $1.3M | 11,780 | 0.8% | 25 |
| INTERNATIONAL FLAVORS&FRAGRA | [IFF](https://holderbook.com/stocks/IFF/) | $1.2M | 15,245 | 0.8% | 2 |
| STRYKER CORPORATION | [SYK](https://holderbook.com/stocks/SYK/) | $1.2M | 3,820 | 0.8% | 31 |
| CENTRAL FD CDA LTD | - | $1.2M | 29,475 | 0.8% | 31 |
| LABORATORY CORP AMER HLDGS | [LH](https://holderbook.com/stocks/LH/) | $1.2M | 4,219 | 0.8% | 31 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $1.1M | 6,919 | 0.7% | 31 |
| EMERA INC | [EMA](https://holderbook.com/stocks/EMA/) | $1.1M | 21,005 | 0.7% | 5 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $1.0M | 3,122 | 0.7% | 31 |
| SPDR GOLD TR | [GLD](https://holderbook.com/stocks/GLD/) | $1.0M | 2,715 | 0.6% | 31 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $934.0K | 2,474 | 0.6% | 8 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $905.0K | 3,328 | 0.6% | 22 |
| AMERICAN ELEC PWR CO INC | [AEP](https://holderbook.com/stocks/AEP/) | $887.0K | 6,485 | 0.6% | 10 |
| NORTHROP GRUMMAN CORP | [NOC](https://holderbook.com/stocks/NOC/) | $887.0K | 1,742 | 0.6% | 25 |
| MONDELEZ INTL INC | [MDLZ](https://holderbook.com/stocks/MDLZ/) | $873.0K | 15,106 | 0.6% | 31 |
| SYSCO CORP | [SYY](https://holderbook.com/stocks/SYY/) | $864.0K | 10,347 | 0.6% | 31 |
| ALPS ETF TR | [AMLPXXXX](https://holderbook.com/stocks/AMLPXXXX/) | $857.0K | 16,530 | 0.5% | 10 |
| FREEPORT-MCMORAN INC | [FCX](https://holderbook.com/stocks/FCX/) | $848.0K | 13,485 | 0.5% | 4 |
| OLD REP INTL CORP | [ORI](https://holderbook.com/stocks/ORI/) | $783.0K | 19,145 | 0.5% | 4 |
| PFIZER INC | [PFE](https://holderbook.com/stocks/PFE/) | $743.0K | 30,875 | 0.5% | 31 |
| ENTERGY CORP NEW | [ETR](https://holderbook.com/stocks/ETR/) | $703.0K | 6,125 | 0.4% | 8 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $697.0K | 3,485 | 0.4% | 9 |
| XPLR INFRASTRUCTURE LP | [XIFR](https://holderbook.com/stocks/XIFR/) | $685.0K | 58,085 | 0.4% | 31 |
| ECOLAB INC | [ECL](https://holderbook.com/stocks/ECL/) | $661.0K | 2,375 | 0.4% | 31 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $653.0K | 8,045 | 0.4% | 31 |
| ISHARES TR | [SHY](https://holderbook.com/stocks/SHY/) | $612.0K | 7,462 | 0.4% | 16 |
| DELL TECHNOLOGIES INC | [DELL](https://holderbook.com/stocks/DELL/) | $547.0K | 1,270 | 0.4% | 3 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $545.0K | 1,545 | 0.3% | 16 |
| DOMINION ENERGY INC | [D](https://holderbook.com/stocks/D/) | $502.0K | 7,365 | 0.3% | 9 |
| SK TELECOM CO LTD | [SKM](https://holderbook.com/stocks/SKM/) | $466.0K | 14,502 | 0.3% | 2 |
| VENTURE GLOBAL INC | [VG](https://holderbook.com/stocks/VG/) | $459.0K | 41,300 | 0.3% | 1 |
| JANUS DETROIT STR TR | [JAAA](https://holderbook.com/stocks/JAAA/) | $448.0K | 8,890 | 0.3% | 7 |
| VANGUARD BD INDEX FDS | [BSV](https://holderbook.com/stocks/BSV/) | $437.0K | 5,614 | 0.3% | 31 |
| AMERICOLD REALTY TRUST INC | [COLD](https://holderbook.com/stocks/COLD/) | $428.0K | 27,250 | 0.3% | 5 |
| RLJ LODGING TR | [RLJPRA](https://holderbook.com/stocks/RLJPRA/) | $424.0K | 17,325 | 0.3% | 6 |
| ADVISORSHARES TR | [MSOS](https://holderbook.com/stocks/MSOS/) | $418.0K | 82,400 | 0.3% | 5 |
| AGNICO EAGLE MINES LTD | [AEM](https://holderbook.com/stocks/AEM/) | $418.0K | 2,700 | 0.3% | 16 |
| AMPLIFY ETF TR | [HACK](https://holderbook.com/stocks/HACK/) | $412.0K | 3,935 | 0.3% | 2 |
| SELECT SECTOR SPDR TR | [XLK](https://holderbook.com/stocks/XLK/) | $361.0K | 1,900 | 0.2% | 10 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $350.0K | 4,902 | 0.2% | 2 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $341.0K | 3,890 | 0.2% | 9 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $339.0K | 3,000 | 0.2% | 22 |
| ARISTA NETWORKS INC | [ANETXXXX](https://holderbook.com/stocks/ANETXXXX/) | $322.0K | 1,901 | 0.2% | 5 |
| TRANSCANADA CORP | [TRPXXXX](https://holderbook.com/stocks/TRPXXXX/) | $298.0K | 4,510 | 0.2% | 3 |
| WATERS CORP | [WAT](https://holderbook.com/stocks/WAT/) | $298.0K | 797 | 0.2% | 2 |
| JBS N.V. | [JBS](https://holderbook.com/stocks/JBS/) | $283.0K | 23,900 | 0.2% | 1 |
| SERVICENOW INC | [NOW](https://holderbook.com/stocks/NOW/) | $279.0K | 2,818 | 0.2% | 2 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $273.0K | 2,000 | 0.2% | 16 |
| AES CORP | [AES](https://holderbook.com/stocks/AES/) | $272.0K | 18,600 | 0.2% | 9 |
| ISHARES GOLD TRUST | [IAUXXXX](https://holderbook.com/stocks/IAUXXXX/) | $271.0K | 3,600 | 0.2% | 6 |
| CITIGROUP INC | [C](https://holderbook.com/stocks/C/) | $261.0K | 1,865 | 0.2% | 4 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $256.0K | 455 | 0.2% | 1 |
| GLOBAL X FDS | [MLPX](https://holderbook.com/stocks/MLPX/) | $255.0K | 3,467 | 0.2% | 7 |
| WASTE MGMT INC DEL | [WM](https://holderbook.com/stocks/WM/) | $250.0K | 1,125 | 0.2% | 11 |
| NORTHERN TR CORP | [NTRS](https://holderbook.com/stocks/NTRS/) | $243.0K | 1,400 | 0.2% | 1 |
| PROLOGIS INC. | [PLD](https://holderbook.com/stocks/PLD/) | $237.0K | 1,751 | 0.2% | 4 |
| BROOKFIELD RENEWABLE ENERGY | [BEP](https://holderbook.com/stocks/BEP/) | $235.0K | 6,788 | 0.2% | 2 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $227.0K | 4,000 | 0.1% | 1 |
| VANGUARD WORLD FD | [VHT](https://holderbook.com/stocks/VHT/) | $227.0K | 760 | 0.1% | 3 |
| DUKE ENERGY CORP NEW | [DUK](https://holderbook.com/stocks/DUK/) | $202.0K | 1,599 | 0.1% | 2 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +1.7% | +14.8% | -13.1% | 87% |
| Q1 2026 | +4.8% | -4.6% | +9.4% | 89% |
| Q4 2025 | +2.5% | +2.4% | +0.1% | 89% |
| Q3 2025 | +13.2% | +7.8% | +5.4% | 92% |
| Q2 2025 | +5.8% | +10.5% | -4.6% | 91% |
| Q1 2025 | -1.3% | -4.6% | +3.3% | 93% |
| Q4 2024 | +0.2% | +2.1% | -1.9% | 91% |
| Q3 2024 | +6.2% | +5.4% | +0.8% | 92% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $156.2M | 104 |
| Q1 2026 | $156.6M | 100 |
| Q4 2025 | $154.0M | 99 |
| Q3 2025 | $146.9M | 91 |
| Q2 2025 | $131.2M | 89 |
| Q1 2025 | $120.1M | 85 |
| Q4 2024 | $123.4M | 88 |
| Q3 2024 | $125.2M | 85 |
| Q2 2024 | $119.6M | 83 |
| Q1 2024 | $114.5M | 74 |
| Q4 2023 | $104.9M | 70 |
| Q3 2023 | $95.8M | 68 |