SEC 13F Intelligence

Managers / Q3 2023 · view latest →

CLIFFORD SWAN INVESTMENT COUNSEL LLC

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

Reported Value
$2.4B
Q3 2023
Positions
299
Filings on Record
30
2019–present window
Filed
Nov 13, 2023
original filing

Summary

Clifford Swan Investment Counsel LLC reported $2.4B in U.S.-listed holdings across 299 positions for Q3 2023.

Its largest position, UPS, represents 5.7% of the portfolio.

Compared with Q2 2023, the fund opened 6 new positions and exited 7.

Portfolio Metrics

Turnover
+3.0%
vs prior filed quarter
Top-10 Concentration
+32.1%
share of reported value
Largest Position
+5.7%
United Parcel Service
New / Exited
6 / 7
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: 89.7%ETP: 4.0%Other: 3.7%ADR: 1.8%REIT: 0.6%Other: 0.2%
  • Common Stock · 89.7% · $2.1B
  • ETP · 4.0% · $95M
  • Other · 3.7% · $89M
  • ADR · 1.8% · $43M
  • REIT · 0.6% · $14M
  • Other · 0.2% · $4M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
FTREFORTREA HLDGS INCNEW+37.4K37.4K+$1M$1M
EXREXTRA SPACE STORAGE INCNEW+2.3K2.3K+$282,917$282,917
ISHARES TRNEW+3.5K3.5K+$222,522$222,522
CEGCONSTELLATION ENERGY CORPNEW+2.0K2.0K+$220,477$220,477
VLOVALERO ENERGY CORPNEW+1.5K1.5K+$217,950$217,950
XLESELECT SECTOR SPDR TRNEW+2.3K2.3K+$212,124$212,124
SPGIS&P GLOBAL INCADDED+4.7K6.6K+$2M$2M
WEPMAGELLAN MIDSTREAM PRTNRS LPSOLD OUT−26.7K0−$2M$0

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

Holdings — Q3 2023

49 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1UPSUNITED PARCEL SERVICE INChistory →CL B5.71%$136M873.2K
2AAPLAPPLE INChistory →COM5.54%$132M771.5K
3MSFTMICROSOFT CORPhistory →COM4.35%$104M328.1K
4GOOGLALPHABET INCCAP STK CL A · CAP STK CL C3.31%$79M602.4K
5COSTCOSTCO WHSL CORP NEWhistory →COM2.97%$71M125.3K
6BRK/BBERKSHIRE HATHAWAY INC DELhistory →CL B NEW2.89%$69M196.9K
7CHVCHEVRON CORP NEWhistory →COM2.36%$56M333.8K
8ACCENTURE PLC IRELANDSHS CLASS A2.29%$55M177.9K
9LOWLOWES COS INChistory →COM1.87%$45M214.9K
10JNJJOHNSON & JOHNSONhistory →COM1.67%$40M255.7K
11EXMOCEXXON MOBIL CORPhistory →COM1.64%$39M332.8K
12ANETEURARISTA NETWORKS INChistory →COM1.49%$36M193.2K
13JPMJPMORGAN CHASE & COhistory →COM1.33%$32M219.3K
14ORCLORACLE CORPhistory →COM1.33%$32M298.3K
15EMREMERSON ELEC COhistory →COM1.28%$30M314.9K
16TSCOTRACTOR SUPPLY COhistory →COM1.21%$29M142.1K
17INTCINTEL CORPhistory →COM1.17%$28M785.3K
18WFCWELLS FARGO CO NEWhistory →COM1.11%$26M645.0K
19ABBVABBVIE INChistory →COM1.09%$26M173.6K
20FASTFASTENAL COhistory →COM1.08%$26M470.1K
21BMYBRISTOL-MYERS SQUIBB COhistory →COM1.07%$25M438.7K
22SYKSTRYKER CORPORATIONhistory →COM1.05%$25M91.3K
23PGPROCTER AND GAMBLE COhistory →COM1.02%$24M166.8K
24MCDMCDONALDS CORPhistory →COM1.01%$24M91.2K
25INTUINTUIThistory →COM1.00%$24M46.6K
26ALSNALLISON TRANSMISSION HLDGS Ihistory →COM1.00%$24M402.1K
27DWDPEURDUPONT DE NEMOURS INChistory →COM0.98%$23M312.1K
28QCOMQUALCOMM INChistory →COM0.95%$23M204.6K
29SLBSCHLUMBERGER LTDhistory →COM STK0.95%$23M389.4K
30ABTABBOTT LABShistory →COM0.94%$23M232.4K
31AMZNAMAZON COM INChistory →COM0.94%$22M176.7K
32CSCOCISCO SYS INChistory →COM0.94%$22M415.5K
33UNHUNITEDHEALTH GROUP INChistory →COM0.93%$22M43.8K
34CTVACORTEVA INChistory →COM0.92%$22M426.4K
357HPHP INChistory →COM0.86%$20M795.0K
36NKENIKE INChistory →CL B0.85%$20M211.8K
37MCKMCKESSON CORPhistory →COM0.83%$20M45.6K
38PEPPEPSICO INChistory →COM0.82%$19M114.7K
39NVONOVO-NORDISK A Shistory →ADR0.81%$19M212.1K
40AXPAMERICAN EXPRESS COhistory →COM0.74%$18M118.9K
41EWEDWARDS LIFESCIENCES CORPhistory →COM0.74%$18M254.3K
42ALBALBEMARLE CORPhistory →COM0.72%$17M101.0K
43AG8AGILENT TECHNOLOGIES INChistory →COM0.72%$17M152.6K
44HPEHEWLETT PACKARD ENTERPRISE Chistory →COM0.71%$17M980.6K
45BKNGBOOKING HOLDINGS INChistory →COM0.67%$16M5.2K
46IFFINTERNATIONAL FLAVORS&FRAGRAhistory →COM0.67%$16M232.9K
47LABORATORY CORP AMER HLDGSCOM NEW0.64%$15M76.0K
48KMXCARMAX INChistory →COM0.63%$15M211.2K
49PYPLPAYPAL HLDGS INChistory →COM0.61%$15M250.6K

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 ↗.