SEC 13F Intelligence

Managers / Q4 2023 · view latest →

CLIFFORD SWAN INVESTMENT COUNSEL LLC

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

Reported Value
$2.6B
Q4 2023
Positions
313
Filings on Record
30
2019–present window
Filed
Feb 6, 2024
original filing

Summary

Clifford Swan Investment Counsel LLC reported $2.6B in U.S.-listed holdings across 313 positions for Q4 2023.

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

Compared with Q3 2023, the fund opened 10 new positions and exited 9.

Portfolio Metrics

Turnover
+1.8%
vs prior filed quarter
Top-10 Concentration
+32.0%
share of reported value
Largest Position
+5.7%
Apple
New / Exited
10 / 9
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: 89.4%Other: 4.2%ETP: 3.9%ADR: 1.7%REIT: 0.6%Other: 0.2%
  • Common Stock · 89.4% · $2.3B
  • Other · 4.2% · $107M
  • ETP · 3.9% · $101M
  • ADR · 1.7% · $44M
  • REIT · 0.6% · $17M
  • Other · 0.2% · $4M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
LHXL3HARRIS TECHNOLOGIES INCNEW+1.7K1.7K+$362,777$362,777
ISHARES TRNEW+3.1K3.1K+$230,948$230,948
DIMENSIONAL ETF TRUSTNEW+4.3K4.3K+$225,113$225,113
FEFIRSTENERGY CORPNEW+6.0K6.0K+$221,316$221,316
WELLWELLTOWER INCNEW+2.4K2.4K+$216,949$216,949
MSIMOTOROLA SOLUTIONS INCNEW+685685+$214,467$214,467
FFORD MTR CO DELNEW+17.3K17.3K+$210,757$210,757
GLGLOBE LIFE INCNEW+1.7K1.7K+$206,559$206,559

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

Holdings — Q4 2023

49 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1AAPLAPPLE INChistory →COM5.70%$147M761.0K
2UPSUNITED PARCEL SERVICE INChistory →CL B5.33%$137M872.4K
3MSFTMICROSOFT CORPhistory →COM4.77%$123M326.5K
4GOOGLALPHABET INCCAP STK CL A · CAP STK CL C3.29%$85M604.9K
5COSTCOSTCO WHSL CORP NEWhistory →COM3.17%$81M123.3K
6BRK/BBERKSHIRE HATHAWAY INC DELhistory →CL B NEW2.71%$70M195.2K
7ACCENTURE PLC IRELANDSHS CLASS A2.40%$62M176.0K
8CHVCHEVRON CORP NEWhistory →COM1.94%$50M334.2K
9LOWLOWES COS INChistory →COM1.86%$48M215.4K
10ANETEURARISTA NETWORKS INChistory →COM1.74%$45M190.0K
11JNJJOHNSON & JOHNSONhistory →COM1.56%$40M255.5K
12JPMJPMORGAN CHASE & COhistory →COM1.44%$37M217.9K
13INTCINTEL CORPhistory →COM1.40%$36M718.2K
14EXMOCEXXON MOBIL CORPhistory →COM1.28%$33M330.3K
15WFCWELLS FARGO CO NEWhistory →COM1.20%$31M625.1K
16ORCLORACLE CORPhistory →COM1.19%$31M291.3K
17EMREMERSON ELEC COhistory →COM1.19%$30M313.3K
18TSCOTRACTOR SUPPLY COhistory →COM1.18%$30M141.7K
19FASTFASTENAL COhistory →COM1.18%$30M466.5K
20QCOMQUALCOMM INChistory →COM1.15%$29M203.6K
21INTUINTUIThistory →COM1.12%$29M46.0K
22MCDMCDONALDS CORPhistory →COM1.05%$27M91.1K
23SYKSTRYKER CORPORATIONhistory →COM1.05%$27M90.2K
24AMZNAMAZON COM INChistory →COM1.05%$27M177.2K
25ABBVABBVIE INChistory →COM1.04%$27M172.0K
26ABTABBOTT LABShistory →COM0.99%$25M231.7K
27PGPROCTER AND GAMBLE COhistory →COM0.95%$24M166.1K
287HPHP INChistory →COM0.93%$24M794.2K
29DWDPEURDUPONT DE NEMOURS INChistory →COM0.93%$24M310.6K
30UNHUNITEDHEALTH GROUP INChistory →COM0.91%$23M44.4K
31ALSNALLISON TRANSMISSION HLDGS Ihistory →COM0.91%$23M400.3K
32NKENIKE INChistory →CL B0.90%$23M212.1K
33AXPAMERICAN EXPRESS COhistory →COM0.88%$23M121.0K
34NVONOVO-NORDISK A Shistory →ADR0.85%$22M210.3K
35BMYBRISTOL-MYERS SQUIBB COhistory →COM0.85%$22M423.6K
36CTVACORTEVA INChistory →COM0.84%$22M453.0K
37AG8AGILENT TECHNOLOGIES INChistory →COM0.82%$21M152.4K
38MCKMCKESSON CORPhistory →COM0.81%$21M45.1K
39CSCOCISCO SYS INChistory →COM0.81%$21M410.2K
40PEPPEPSICO INChistory →COM0.75%$19M113.9K
41SLBSCHLUMBERGER LTDhistory →COM STK0.75%$19M371.7K
42EWEDWARDS LIFESCIENCES CORPhistory →COM0.75%$19M253.3K
43RTXRTX CORPORATIONhistory →COM0.73%$19M222.8K
44LABORATORY CORP AMER HLDGSCOM NEW0.72%$18M81.3K
45BKNGBOOKING HOLDINGS INChistory →COM0.69%$18M5.0K
46IFFINTERNATIONAL FLAVORS&FRAGRAhistory →COM0.68%$17M215.7K
47JOHNSON CTLS INTL PLCSHS0.66%$17M293.0K
48HPEHEWLETT PACKARD ENTERPRISE Chistory →COM0.64%$16M962.5K
49CLCOLGATE PALMOLIVE COhistory →COM0.62%$16M200.3K

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 ↗.