SEC 13F Intelligence

Managers / Q3 2022 · view latest →

CLIFFORD SWAN INVESTMENT COUNSEL LLC

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

Reported Value
$2.1B
Q3 2022
Positions
308
Filings on Record
30
2019–present window
Filed
Nov 7, 2022
original filing

Summary

Clifford Swan Investment Counsel LLC reported $2.1B in U.S.-listed holdings across 308 positions for Q3 2022.

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

Compared with Q2 2022, the fund opened 5 new positions and exited 14.

Portfolio Metrics

Turnover
+1.7%
vs prior filed quarter
Top-10 Concentration
+31.8%
share of reported value
Largest Position
+5.6%
Apple
New / Exited
5 / 14
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, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. 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: 92.2%ETP: 4.5%ADR: 1.5%REIT: 0.8%Other: 0.7%Other: 0.3%
  • Common Stock · 92.2% · $2.0B
  • ETP · 4.5% · $97M
  • ADR · 1.5% · $32M
  • REIT · 0.8% · $16M
  • Other · 0.7% · $15M
  • Other · 0.3% · $6M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
JJACOBS SOLUTIONS INCNEW+69.7K69.7K+$8M$8M
ENTGENTEGRIS INCNEW+25.9K25.9K+$2M$2M
NFLXNETFLIX INCNEW+915915+$215,000$215,000
LWLAMB WESTON HLDGS INCNEW+2.6K2.6K+$204,000$204,000
RSGREPUBLIC SVCS INCNEW+1.5K1.5K+$204,000$204,000
GOOGALPHABET INCADDED+158.0K166.1K−$2M$16M
GOOGLALPHABET INCADDED+428.1K451.1K−$7M$43M
TSLATESLA INCADDED+2.9K4.3K+$183,000$1M

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

Holdings — Q3 2022

268 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1AAPLAPPLE INChistory →COM5.55%$118M855.4K
2UPSUNITED PARCEL SERVICE INChistory →CL B5.42%$115M714.6K
3MSFTMICROSOFT CORPhistory →COM3.69%$79M337.8K
4COSTCOSTCO WHSL CORP NEWhistory →COM2.97%$63M133.8K
5GOOGLALPHABET INCCAP STK CL A · CAP STK CL C2.78%$59M617.2K
6BRK/BBERKSHIRE HATHAWAY INC DELCL B NEW · CL A2.74%$58M205.1K
7CVXCHEVRON CORP NEWhistory →COM2.36%$50M350.2K
8ACNACCENTURE PLC IRELANDhistory →SHS CLASS A2.23%$47M184.3K
9JNJJOHNSON & JOHNSONhistory →COM2.05%$44M267.3K
10LOWLOWES COS INChistory →COM2.01%$43M227.6K
11BMYBRISTOL-MYERS SQUIBB COhistory →COM1.57%$33M469.6K
12EXMOCEXXON MOBIL CORPhistory →COM1.52%$32M371.2K
13TSCOTRACTOR SUPPLY COhistory →COM1.39%$30M159.4K
14WFCWELLS FARGO CO NEWhistory →COM1.29%$28M684.4K
15ALBALBEMARLE CORPhistory →COM1.21%$26M97.3K
16ABBVABBVIE INChistory →COM1.19%$25M189.1K
17ARISTA NETWORKS INCCOM1.15%$25M217.5K
18EMREMERSON ELEC COhistory →COM1.12%$24M324.4K
19QCOMQUALCOMM INChistory →COM1.11%$24M208.9K
20ABTABBOTT LABShistory →COM1.09%$23M241.0K
21JPMJPMORGAN CHASE & COhistory →COM1.08%$23M219.5K
22CTVACORTEVA INChistory →COM1.06%$23M396.3K
23FASTFASTENAL COhistory →COM1.06%$23M490.1K
24PGPROCTER AND GAMBLE COhistory →COM1.05%$22M176.6K
25EWEDWARDS LIFESCIENCES CORPhistory →COM1.02%$22M261.8K
26LMBSFIRST TR EXCHANGE-TRADED FDhistory →FST LOW OPPT EFT1.00%$21M447.7K
27MCDMCDONALDS CORPhistory →COM0.99%$21M91.8K
28PYPLPAYPAL HLDGS INChistory →COM0.98%$21M243.0K
29INTCINTEL CORPhistory →COM0.97%$21M798.9K
30ORCLORACLE CORPhistory →COM0.95%$20M330.8K
31SYKSTRYKER CORPORATIONhistory →COM0.95%$20M99.7K
32AAGILENT TECHNOLOGIES INChistory →COM0.95%$20M165.9K
33AMZNAMAZON COM INChistory →COM0.94%$20M177.8K
34HPQHP INChistory →COM0.93%$20M796.6K
35IJRISHARES TRCORE S&P SCP ETF · CORE S&P500 ETF · MSCI EMG MKT ETF · CORE S&P MCP ETF · U.S. TECH ETF · CORE HIGH DV ETF · EXPND TEC SC ETF · CORE S&P TTL STK · RUS 1000 ETF · PFD AND INCM SEC · US HOME CONS ETF · S&P MC 400VL ETF · SELECT DIVID ETF · RUSSELL 2000 ETF · CALIF MUN BD ETF · RUS 1000 GRW ETF · US HLTHCARE ETF · ISHS 1-5YR INVS · US CONSUM DISCRE · RUS 1000 VAL ETF · IBOXX INV CP ETF0.92%$20M229.7K
36PEPPEPSICO INChistory →COM0.92%$20M119.5K
37NKENIKE INChistory →CL B0.89%$19M229.1K
38UNHUNITEDHEALTH GROUP INChistory →COM0.88%$19M37.1K
39INTUINTUIThistory →COM0.84%$18M46.3K
40PFEPFIZER INChistory →COM0.84%$18M406.6K
41MCKMCKESSON CORPhistory →COM0.82%$17M51.1K
42CSCOCISCO SYS INChistory →COM0.78%$17M416.8K
43DISDISNEY WALT COhistory →COM0.76%$16M172.7K
44DDDUPONT DE NEMOURS INChistory →COM0.74%$16M314.1K
45CLCOLGATE PALMOLIVE COhistory →COM0.73%$16M221.8K
46SLBSCHLUMBERGER LTDhistory →COM STK0.70%$15M415.0K
47KEYSKEYSIGHT TECHNOLOGIES INChistory →COM0.67%$14M90.3K
48AXPAMERICAN EXPRESS COhistory →COM0.67%$14M105.1K
49RTXRAYTHEON TECHNOLOGIES CORPhistory →COM0.66%$14M171.3K
50ALSNALLISON TRANSMISSION HLDGS Ihistory →COM0.65%$14M409.4K
51COPCONOCOPHILLIPShistory →COM0.64%$14M132.7K
52SBUXSTARBUCKS CORPhistory →COM0.64%$14M161.1K
53LABORATORY CORP AMER HLDGSCOM NEW0.62%$13M64.2K
54SYYSYSCO CORPhistory →COM0.60%$13M182.0K
55ADPAUTOMATIC DATA PROCESSING INhistory →COM0.59%$13M55.5K
56HPEHEWLETT PACKARD ENTERPRISE Chistory →COM0.57%$12M1.02M
57UNPUNION PAC CORPhistory →COM0.55%$12M59.9K
58GLDSPDR GOLD TRhistory →GOLD SHS0.54%$11M73.7K
59MDLZMONDELEZ INTL INChistory →CL A0.53%$11M206.4K
60NVONOVO-NORDISK A Shistory →ADR0.52%$11M112.2K
61CAGCONAGRA BRANDS INChistory →COM0.52%$11M337.9K
62HONHONEYWELL INTL INChistory →COM0.51%$11M64.9K
63NOCNORTHROP GRUMMAN CORPhistory →COM0.50%$11M22.7K
64HDHOME DEPOT INChistory →COM0.49%$10M37.9K
65PMPHILIP MORRIS INTL INCCOM0.47%$10M119.4K
66VOOVANGUARD INDEX FDSS&P 500 ETF SHS · TOTAL STK MKT · REAL ESTATE ETF · SMALL CP ETF · MID CAP ETF0.45%$10M47.2K
67JCIJOHNSON CTLS INTL PLCSHS0.45%$9M192.8K
68AMGNAMGEN INCCOM0.44%$9M41.4K
69WMTWALMART INCCOM0.40%$8M65.1K
70PSAPUBLIC STORAGECOM0.39%$8M28.7K
71VMWARE INCCL A COM0.39%$8M79.0K
72METAMETA PLATFORMS INCCL A0.39%$8M60.6K
73VCSHVANGUARD SCOTTSDALE FDSSHRT TRM CORP BD · INT-TERM CORP0.38%$8M109.2K
74MMM3M COCOM0.38%$8M72.5K
75BNYBANK NEW YORK MELLON CORPCOM0.38%$8M207.9K
76NVSNOVARTIS AGSPONSORED ADR0.37%$8M103.6K
77KMXCARMAX INCCOM0.37%$8M118.4K
78WBAWALGREENS BOOTS ALLIANCE INCCOM0.36%$8M242.1K
79JJACOBS SOLUTIONS INCCOM0.35%$8M69.7K
80BABOEING COCOM0.35%$8M62.4K
81CATCATERPILLAR INCCOM0.35%$7M44.9K
82MRKMERCK & CO INCCOM0.34%$7M85.3K
83OXYOCCIDENTAL PETE CORPCOM · *W EXP 08/03/2020.34%$7M125.8K
84EBAYEBAY INC.COM0.34%$7M195.9K
85GILDGILEAD SCIENCES INCCOM0.34%$7M116.6K
86GISGENERAL MLS INCCOM0.33%$7M91.4K
87BPBP PLCSPONSORED ADR0.33%$7M243.5K
88ITWILLINOIS TOOL WKS INCCOM0.32%$7M38.3K
89TXNTEXAS INSTRS INCCOM0.32%$7M44.0K
90TAT&T INCCOM0.32%$7M439.0K
91BKNGBOOKING HOLDINGS INCCOM0.31%$7M4.1K
92TGTTARGET CORPCOM0.31%$7M44.7K
93IBMINTERNATIONAL BUSINESS MACHSCOM0.31%$7M55.4K
94VZVERIZON COMMUNICATIONS INCCOM0.31%$7M172.6K
95PHPARKER-HANNIFIN CORPCOM0.30%$6M26.7K
96IFFINTERNATIONAL FLAVORS&FRAGRACOM0.30%$6M70.6K
97CARRCARRIER GLOBAL CORPORATIONCOM0.29%$6M175.9K
98LMTLOCKHEED MARTIN CORPCOM0.29%$6M15.7K
99XLKSELECT SECTOR SPDR TRTECHNOLOGY · SBI HEALTHCARE · SBI INT-UTILS · ENERGY0.26%$6M51.5K
100SPYSPDR S&P 500 ETF TRTR UNIT0.26%$6M15.7K

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 ↗.