SEC 13F Intelligence

Managers / Q4 2021 · view latest →

CLIFFORD SWAN INVESTMENT COUNSEL LLC

CIK 0001034642 · 177 E. COLORADO BLVD, SUITE 550, PASADENA, CA, 91105 · 6267922228

Reported Value
$2.9B
Q4 2021
Positions
338
Filings on Record
30
2019–present window
Filed
Feb 11, 2022
original filing

Summary

Clifford Swan Investment Counsel LLC reported $2.9B in U.S.-listed holdings across 338 positions for Q4 2021.

Its largest position, UPS, represents 5.6% of the portfolio.

Compared with Q3 2021, the fund opened 13 new positions and exited 5.

Portfolio Metrics

Turnover
+2.2%
vs prior filed quarter
Top-10 Concentration
+31.0%
share of reported value
Largest Position
+5.6%
United Parcel Service
New / Exited
13 / 5
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $1.6BQ4 ’18Q1 ’19: $1.9BQ2 ’19: $1.9BQ3 ’19: $1.9BQ4 ’19: $2.1BQ4 ’19Q1 ’20: $1.6BQ2 ’20: $1.9BQ3 ’20: $2.1BQ4 ’20: $2.3BQ4 ’20Q1 ’21: $2.4BQ2 ’21: $2.6BQ3 ’21: $2.7BQ4 ’21: $2.9BQ4 ’21Q1 ’22: $2.7BQ2 ’22: $2.3BQ3 ’22: $2.1BQ4 ’22: $2.3BQ4 ’22Q1 ’23: $2.4BQ2 ’23: $2.5BQ3 ’23: $2.4BQ4 ’23: $2.6BQ4 ’23Q1 ’24: $2.7BQ2 ’24: $2.7BQ3 ’24: $2.8BQ4 ’24: $2.8BQ4 ’24Q1 ’25: $2.7BQ2 ’25: $2.8BQ3 ’25: $3.0BQ4 ’25: $3.0BQ4 ’25Q1 ’26: $2.9Bfilingsflow.com

Portfolio Composition

By security type
Common Stock: 87.7%ETP: 5.5%Other: 4.4%ADR: 1.3%REIT: 0.8%Other: 0.2%
  • Common Stock · 87.7% · $2.5B
  • ETP · 5.5% · $158M
  • Other · 4.4% · $126M
  • ADR · 1.3% · $37M
  • REIT · 0.8% · $24M
  • Other · 0.2% · $7M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2021 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
KDKYNDRYL HLDGS INCNEW+184.3K184.3K+$3M$3M
DGEDDIAGEO PLCNEW+1.2K1.2K+$270,000$270,000
ISHARES TRNEW+2.9K2.9K+$245,000$245,000
PDIPIMCO DYNAMIC INCOME FDNEW+9.1K9.1K+$236,000$236,000
FELEFRANKLIN ELEC INCNEW+2.3K2.3K+$215,000$215,000
AMATAPPLIED MATLS INCNEW+1.4K1.4K+$212,000$212,000
FDXFEDEX CORPNEW+817817+$211,000$211,000
WELLWELLTOWER INCNEW+2.4K2.4K+$208,000$208,000

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q4 2021

49 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1UPSUNITED PARCEL SERVICE INChistory →CL B5.65%$161M752.4K
2AAPLAPPLE INChistory →COM5.61%$160M903.1K
3MSFTMICROSOFT CORPhistory →COM4.05%$116M344.1K
4GOOGLALPHABET INCCAP STK CL A · CAP STK CL C3.09%$88M30.5K
5COSTCOSTCO WHSL CORP NEWhistory →COM2.93%$84M147.4K
6ACCENTURE PLC IRELANDSHS CLASS A2.86%$82M197.3K
7BRK/BBERKSHIRE HATHAWAY INC DELhistory →CL B NEW2.27%$65M217.1K
8LOWLOWES COS INChistory →COM2.18%$62M240.6K
9JNJJOHNSON & JOHNSONhistory →COM1.66%$47M276.6K
10CHVCHEVRON CORP NEWhistory →COM1.48%$42M359.0K
11TSCOTRACTOR SUPPLY COhistory →COM1.42%$41M170.5K
12QCOMQUALCOMM INChistory →COM1.36%$39M212.6K
13NKENIKE INChistory →CL B1.32%$38M225.5K
14ABTABBOTT LABShistory →COM1.28%$37M259.5K
15EWEDWARDS LIFESCIENCES CORPhistory →COM1.26%$36M277.4K
16PYPLPAYPAL HLDGS INChistory →COM1.26%$36M190.3K
17INTCINTEL CORPhistory →COM1.25%$36M693.6K
18JPMJPMORGAN CHASE & COhistory →COM1.24%$35M222.9K
19ANETEURARISTA NETWORKS INChistory →COM1.19%$34M237.3K
20WFCWELLS FARGO CO NEWhistory →COM1.18%$34M703.2K
21ORCLORACLE CORPhistory →COM1.15%$33M378.2K
22BMYBRISTOL-MYERS SQUIBB COhistory →COM1.15%$33M525.5K
23SYKSTRYKER CORPORATIONhistory →COM1.15%$33M122.4K
24FASTFASTENAL COhistory →COM1.13%$32M506.0K
257HPHP INChistory →COM1.12%$32M850.1K
26FIRST TR EXCHANGE-TRADED FDFST LOW OPPT EFT1.10%$31M626.1K
27EMREMERSON ELEC COhistory →COM1.08%$31M333.2K
28PGPROCTER AND GAMBLE COhistory →COM1.06%$30M184.3K
29INTUINTUIThistory →COM1.01%$29M44.9K
30DISDISNEY WALT COhistory →COM1.00%$28M183.9K
31ABBVABBVIE INChistory →COM0.99%$28M209.8K
32CSCOCISCO SYS INChistory →COM0.96%$27M433.1K
33AG8AGILENT TECHNOLOGIES INChistory →COM0.93%$26M165.8K
34MCDMCDONALDS CORPhistory →COM0.89%$25M95.0K
35PFEPFIZER INChistory →COM0.87%$25M419.8K
36ALBALBEMARLE CORPhistory →COM0.86%$25M104.8K
37DWDPEURDUPONT DE NEMOURS INChistory →COM0.83%$24M292.2K
38EXMOCEXXON MOBIL CORPhistory →COM0.82%$24M384.2K
39AMZNAMAZON COM INChistory →COM0.78%$22M6.7K
40PEPPEPSICO INChistory →COM0.76%$22M124.5K
41CTVACORTEVA INChistory →COM0.74%$21M444.2K
42CLCOLGATE PALMOLIVE COhistory →COM0.70%$20M233.6K
43KEYSKEYSIGHT TECHNOLOGIES INChistory →COM0.65%$19M90.3K
44LABORATORY CORP AMER HLDGSCOM NEW0.64%$18M58.3K
45HDHOME DEPOT INChistory →COM0.63%$18M43.5K
46AXPAMERICAN EXPRESS COhistory →COM0.60%$17M104.7K
47UNPUNION PAC CORPhistory →COM0.58%$17M65.5K
48UNHUNITEDHEALTH GROUP INChistory →COM0.56%$16M32.1K
49HPEHEWLETT PACKARD ENTERPRISE Chistory →COM0.56%$16M1.02M

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$2.9B401May 6, 202613F-HRchanges · EDGAR ↗
Q4 2025$3.0B392Feb 11, 202613F-HRchanges · EDGAR ↗
Q3 2025$3.0B390Nov 12, 202513F-HRchanges · EDGAR ↗
Q2 2025$2.8B387Jul 30, 202513F-HRchanges · EDGAR ↗
Q1 2025$2.7B384May 6, 202513F-HRchanges · EDGAR ↗
Q4 2024$2.8B306Feb 5, 202513F-HRchanges · EDGAR ↗
Q3 2024$2.8B338Nov 14, 202413F-HRchanges · EDGAR ↗
Q2 2024$2.7B321Aug 7, 202413F-HRchanges · EDGAR ↗
Q1 2024$2.7B325Apr 17, 202413F-HRchanges · EDGAR ↗
Q4 2023$2.6B313Feb 6, 202413F-HRchanges · EDGAR ↗
Q3 2023$2.4B299Nov 13, 202313F-HRchanges · EDGAR ↗
Q2 2023$2.5B300Aug 4, 202313F-HRchanges · EDGAR ↗
Q1 2023$2.4B295May 5, 202313F-HRchanges · EDGAR ↗
Q4 2022$2.3B304Feb 3, 202313F-HRchanges · EDGAR ↗
Q3 2022$2.1B308Nov 7, 202213F-HRchanges · EDGAR ↗
Q2 2022$2.3B317Aug 4, 202213F-HRchanges · EDGAR ↗
Q1 2022$2.7B322May 3, 202213F-HRchanges · EDGAR ↗
Q4 2021$2.9B338Feb 11, 202213F-HRchanges · EDGAR ↗
Q3 2021$2.7B329Nov 2, 202113F-HRchanges · EDGAR ↗
Q2 2021$2.6B322Aug 5, 202113F-HRchanges · EDGAR ↗
Q1 2021$2.4B322May 7, 202113F-HRchanges · EDGAR ↗
Q4 2020$2.3B323Feb 11, 202113F-HRchanges · EDGAR ↗
Q3 2020$2.1B316Oct 30, 202013F-HRchanges · EDGAR ↗
Q2 2020$1.9B309Aug 6, 202013F-HRchanges · EDGAR ↗
Q1 2020$1.6B300Apr 9, 202013F-HRchanges · EDGAR ↗
Q4 2019$2.1B320Jan 30, 202013F-HRchanges · EDGAR ↗
Q3 2019$1.9B314Nov 12, 201913F-HRchanges · EDGAR ↗
Q2 2019$1.9B318Aug 13, 201913F-HRchanges · EDGAR ↗
Q1 2019$1.9B308May 14, 201913F-HRchanges · EDGAR ↗
Q4 2018$1.6B297Feb 13, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.