SEC 13F Intelligence

Managers / Q4 2022 · view latest →

CLIFFORD SWAN INVESTMENT COUNSEL LLC

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

Reported Value
$2.3B
Q4 2022
Positions
304
Filings on Record
30
2019–present window
Filed
Feb 3, 2023
original filing

Summary

Clifford Swan Investment Counsel LLC reported $2.3B in U.S.-listed holdings across 304 positions for Q4 2022.

Its largest position, UPS, represents 5.4% of the portfolio.

Compared with Q3 2022, the fund opened 13 new positions and exited 17.

Portfolio Metrics

Turnover
+2.8%
vs prior filed quarter
Top-10 Concentration
+29.3%
share of reported value
Largest Position
+5.4%
United Parcel Service
New / Exited
13 / 17
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: 89.6%ETP: 4.2%Other: 3.7%ADR: 1.6%REIT: 0.7%Other: 0.2%
  • Common Stock · 89.6% · $2.1B
  • ETP · 4.2% · $96M
  • Other · 3.7% · $85M
  • ADR · 1.6% · $38M
  • REIT · 0.7% · $15M
  • Other · 0.2% · $6M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
DFACDIMENSIONAL ETF TRUSTNEW+21.5K21.5K+$520,830$520,830
BNBROOKFIELD CORPNEW+11.3K11.3K+$355,435$355,435
DFAXDIMENSIONAL ETF TRUSTNEW+14.1K14.1K+$305,424$305,424
PCARPACCAR INCNEW+2.4K2.4K+$234,559$234,559
YUMYUM BRANDS INCNEW+1.8K1.8K+$225,271$225,271
ISHARES TRNEW+3.4K3.4K+$221,666$221,666
GLWCORNING INCNEW+6.9K6.9K+$218,885$218,885
CHUBB LIMITEDNEW+947947+$208,908$208,908

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

Holdings — Q4 2022

50 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1UPSUNITED PARCEL SERVICE INChistory →CL B5.40%$124M714.2K
2AAPLAPPLE INChistory →COM4.69%$108M829.0K
3MSFTMICROSOFT CORPhistory →COM3.41%$78M326.7K
4BRK/BBERKSHIRE HATHAWAY INC DELhistory →CL B NEW2.74%$63M204.2K
5CHVCHEVRON CORP NEWhistory →COM2.64%$61M337.7K
6COSTCOSTCO WHSL CORP NEWhistory →COM2.61%$60M131.6K
7ACCENTURE PLC IRELANDSHS CLASS A2.14%$49M184.0K
8JNJJOHNSON & JOHNSONhistory →COM2.00%$46M260.0K
9LOWLOWES COS INChistory →COM1.96%$45M225.8K
10GOOGLALPHABET INChistory →CAP STK CL A1.74%$40M452.7K
11EXMOCEXXON MOBIL CORPhistory →COM1.68%$39M350.9K
12TSCOTRACTOR SUPPLY COhistory →COM1.47%$34M150.2K
13BMYBRISTOL-MYERS SQUIBB COhistory →COM1.40%$32M447.5K
14EMREMERSON ELEC COhistory →COM1.35%$31M323.8K
15ABBVABBVIE INChistory →COM1.29%$30M182.9K
16JPMJPMORGAN CHASE & COhistory →COM1.28%$29M220.0K
17WFCWELLS FARGO CO NEWhistory →COM1.22%$28M679.4K
18ORCLORACLE CORPhistory →COM1.16%$27M325.0K
19ABTABBOTT LABShistory →COM1.15%$26M240.1K
20ANETEURARISTA NETWORKS INChistory →COM1.14%$26M216.5K
21PGPROCTER AND GAMBLE COhistory →COM1.14%$26M172.6K
22NKENIKE INChistory →CL B1.12%$26M219.8K
23AG8AGILENT TECHNOLOGIES INChistory →COM1.07%$25M163.8K
24MCDMCDONALDS CORPhistory →COM1.05%$24M91.6K
25SYKSTRYKER CORPORATIONhistory →COM1.04%$24M97.6K
26QCOMQUALCOMM INChistory →COM1.01%$23M211.7K
27FASTFASTENAL COhistory →COM1.00%$23M485.9K
28SLBSCHLUMBERGER LTDhistory →COM STK0.95%$22M410.2K
29CTVACORTEVA INChistory →COM0.94%$22M369.1K
30PEPPEPSICO INChistory →COM0.94%$22M119.2K
317HPHP INChistory →COM0.93%$21M796.3K
32DWDPEURDUPONT DE NEMOURS INChistory →COM0.93%$21M311.3K
33ALBALBEMARLE CORPhistory →COM0.91%$21M96.9K
34PFEPFIZER INChistory →COM0.91%$21M406.0K
35INTCINTEL CORPhistory →COM0.90%$21M786.3K
36UNHUNITEDHEALTH GROUP INChistory →COM0.86%$20M37.4K
37CSCOCISCO SYS INChistory →COM0.86%$20M416.5K
38INTUINTUIThistory →COM0.84%$19M49.5K
39EWEDWARDS LIFESCIENCES CORPhistory →COM0.83%$19M256.3K
40MCKMCKESSON CORPhistory →COM0.79%$18M48.4K
41RTXRAYTHEON TECHNOLOGIES CORPhistory →COM0.75%$17M171.3K
42CLCOLGATE PALMOLIVE COhistory →COM0.75%$17M219.1K
43ALSNALLISON TRANSMISSION HLDGS Ihistory →COM0.74%$17M411.4K
44FIRST TR EXCHANGE-TRADED FDFST LOW OPPT EFT0.72%$17M351.3K
45PYPLPAYPAL HLDGS INChistory →COM0.72%$17M233.0K
46SBUXSTARBUCKS CORPhistory →COM0.70%$16M161.2K
47AXPAMERICAN EXPRESS COhistory →COM0.69%$16M107.2K
48LABORATORY CORP AMER HLDGSCOM NEW0.68%$16M66.1K
49HPEHEWLETT PACKARD ENTERPRISE Chistory →COM0.67%$15M971.0K
50KEYSKEYSIGHT TECHNOLOGIES INChistory →COM0.67%$15M90.3K

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 ↗.