SEC 13F Intelligence

Managers / Q4 2024 · view latest →

CLIFFORD SWAN INVESTMENT COUNSEL LLC

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

Reported Value
$2.8B
Q4 2024
Positions
306
Filings on Record
30
2019–present window
Filed
Feb 5, 2025
original filing

Summary

Clifford Swan Investment Counsel LLC reported $2.8B in U.S.-listed holdings across 306 positions for Q4 2024.

Its largest position, AAPL, represents 6.3% of the portfolio.

Compared with Q3 2024, the fund opened 5 new positions and exited 12.

Portfolio Metrics

Turnover
+5.6%
vs prior filed quarter
Top-10 Concentration
+33.6%
share of reported value
Largest Position
+6.3%
Apple
New / Exited
5 / 12
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: 90.0%ETP: 4.5%Other: 3.6%ADR: 1.2%REIT: 0.6%Other: 0.1%
  • Common Stock · 90.0% · $2.5B
  • ETP · 4.5% · $125M
  • Other · 3.6% · $101M
  • ADR · 1.2% · $34M
  • REIT · 0.6% · $15M
  • Other · 0.1% · $4M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2024 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
ANETARISTA NETWORKS INCNEW+613.8K613.8K+$68M$68M
LRCXLAM RESEARCH CORPNEW+17.4K17.4K+$1M$1M
TRMBTRIMBLE INCNEW+3.2K3.2K+$226,112$226,112
WMBWILLIAMS COS INCNEW+4.2K4.2K+$225,356$225,356
SPDR SER TRNEW+2.2K2.2K+$201,146$201,146
TSCOTRACTOR SUPPLY COADDED+537.3K674.2K−$4M$36M
SCHWAB STRATEGIC TRADDED+18.0K25.3K−$53,916$704,340
SCHWAB STRATEGIC TRADDED+6.3K9.4K+$3,464$261,512

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

Holdings — Q4 2024

271 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1AAPLAPPLE INChistory →COM6.26%$174M695.0K
2MSFTMICROSOFT CORPhistory →COM4.58%$127M302.0K
3UPSUNITED PARCEL SERVICE INChistory →CL B3.99%$111M879.5K
4GOOGLALPHABET INCCAP STK CL A · CAP STK CL C3.99%$111M584.7K
5COSTCOSTCO WHSL CORP NEWhistory →COM3.55%$99M107.8K
6BRK/BBERKSHIRE HATHAWAY INC DELCL B NEW · CL A3.08%$86M175.3K
7ANETARISTA NETWORKS INChistory →COM SHS2.44%$68M613.8K
8ACCENTURE PLC IRELANDSHS CLASS A2.18%$61M172.0K
9LOWLOWES COS INChistory →COM1.87%$52M210.1K
10JPMJPMORGAN CHASE & CO.history →COM1.70%$47M197.7K
11CHVCHEVRON CORP NEWhistory →COM1.70%$47M326.8K
12ORCLORACLE CORPhistory →COM1.62%$45M269.5K
13AMZNAMAZON COM INChistory →COM1.42%$39M179.5K
14ALSNALLISON TRANSMISSION HLDGS Ihistory →COM1.40%$39M360.4K
15WFCWELLS FARGO CO NEWhistory →COM1.33%$37M524.9K
16TSCOTRACTOR SUPPLY COhistory →COM1.29%$36M674.2K
17JNJJOHNSON & JOHNSONhistory →COM1.25%$35M239.6K
18AXPAMERICAN EXPRESS COhistory →COM1.23%$34M115.0K
19EXMOCEXXON MOBIL CORPhistory →COM1.22%$34M315.4K
20EMREMERSON ELEC COhistory →COM1.17%$33M262.5K
21FASTFASTENAL COhistory →COM1.14%$32M438.9K
22SYKSTRYKER CORPORATIONhistory →COM1.08%$30M83.4K
23CTVACORTEVA INChistory →COM1.05%$29M513.1K
24ISHARES TRCORE S&P SCP ETF · CORE S&P500 ETF · U.S. TECH ETF · CORE S&P MCP ETF · MSCI EMG MKT ETF · EXPND TEC SC ETF · CORE HIGH DV ETF · CORE S&P TTL STK · US HOME CONS ETF · RUS 1000 ETF · S&P MC 400VL ETF · MSCI EAFE ETF · RUSSELL 2000 ETF · CALIF MUN BD ETF · US CONSUM DISCRE · SELECT DIVID ETF · US HLTHCARE ETF1.04%$29M266.4K
25ABBVABBVIE INChistory →COM1.00%$28M156.5K
26INTUINTUIThistory →COM0.99%$28M43.8K
27QCOMQUALCOMM INChistory →COM0.99%$27M178.4K
28PGPROCTER AND GAMBLE COhistory →COM0.92%$25M151.9K
29RTXRTX CORPORATIONhistory →COM0.91%$25M219.2K
30UNHUNITEDHEALTH GROUP INChistory →COM0.91%$25M50.0K
317HPHP INChistory →COM0.89%$25M755.1K
32JOHNSON CTLS INTL PLCSHS0.89%$25M311.8K
33ABTABBOTT LABShistory →COM0.87%$24M213.7K
34BMYBRISTOL-MYERS SQUIBB COhistory →COM0.87%$24M427.0K
35MCKMCKESSON CORPhistory →COM0.86%$24M41.7K
36CSCOCISCO SYS INChistory →COM0.85%$24M398.2K
37MCDMCDONALDS CORPhistory →COM0.85%$24M81.1K
38LHLABCORP HOLDINGS INChistory →COM SHS0.81%$22M98.0K
39BKNGBOOKING HOLDINGS INChistory →COM0.80%$22M4.5K
40GQ9SPDR GOLD TRhistory →GOLD SHS0.76%$21M87.4K
41DWDPEURDUPONT DE NEMOURS INChistory →COM0.72%$20M263.1K
42AG8AGILENT TECHNOLOGIES INChistory →COM0.70%$19M144.5K
43EWEDWARDS LIFESCIENCES CORPhistory →COM0.68%$19M253.6K
44PYPLPAYPAL HLDGS INChistory →COM0.66%$18M215.5K
45METAMETA PLATFORMS INChistory →CL A0.65%$18M31.0K
46KMXCARMAX INChistory →COM0.65%$18M219.6K
47SLBSCHLUMBERGER LTDhistory →COM STK0.63%$17M455.7K
48PEPPEPSICO INChistory →COM0.63%$17M114.4K
49PHPARKER-HANNIFIN CORPhistory →COM0.61%$17M26.7K
50IFFINTERNATIONAL FLAVORS&FRAGRAhistory →COM0.61%$17M200.7K
51DISDISNEY WALT COhistory →COM0.60%$17M150.7K
52SBUXSTARBUCKS CORPhistory →COM0.60%$17M182.1K
53SYYSYSCO CORPhistory →COM0.59%$16M215.4K
54INTCINTEL CORPhistory →COM0.59%$16M819.5K
55NVONOVO-NORDISK A Shistory →ADR0.59%$16M190.5K
56PFEPFIZER INChistory →COM0.57%$16M601.6K
57MDLZMONDELEZ INTL INChistory →CL A0.56%$16M259.6K
58FIRST TR EXCHANGE-TRADED FDFST LOW OPPT EFT0.55%$15M316.7K
59HPEHEWLETT PACKARD ENTERPRISE Chistory →COM0.55%$15M721.6K
60HDHOME DEPOT INChistory →COM0.55%$15M39.2K
61NKENIKE INChistory →CL B0.53%$15M195.0K
62WMTWALMART INChistory →COM0.52%$15M160.9K
63VANGUARD INDEX FDSS&P 500 ETF SHS · TOTAL STK MKT · SMALL CP ETF · REAL ESTATE ETF · MID CAP ETF0.51%$14M40.4K
64CLCOLGATE PALMOLIVE COhistory →COM0.50%$14M154.2K
65ADPAUTOMATIC DATA PROCESSING INhistory →COM0.49%$14M47.0K
66CATCATERPILLAR INChistory →COM0.49%$14M37.3K
67KEYSKEYSIGHT TECHNOLOGIES INChistory →COM0.48%$13M82.7K
684I1PHILIP MORRIS INTL INChistory →COM0.45%$13M104.9K
69UNPUNION PAC CORPhistory →COM0.45%$13M55.0K
70HONGBPHONEYWELL INTL INChistory →COM0.45%$12M55.3K
71EBAEBAY INC.history →COM0.43%$12M193.1K
72SPDR S&P 500 ETF TRTR UNIT0.41%$11M19.5K
73ALBALBEMARLE CORPhistory →COM0.39%$11M125.6K
74ENQENTEGRIS INChistory →COM0.38%$11M107.8K
75AMGNAMGEN INChistory →COM0.36%$10M38.8K
76COPCONOCOPHILLIPSCOM0.35%$10M97.8K
77BACVERIZON COMMUNICATIONS INCCOM0.33%$9M230.9K
78NOCNORTHROP GRUMMAN CORPCOM0.33%$9M19.3K
79XLUSELECT SECTOR SPDR TRTECHNOLOGY · SBI INT-UTILS · ENERGY0.32%$9M43.8K
80IBMINTERNATIONAL BUSINESS MACHSCOM0.32%$9M40.4K
81NVDANVIDIA CORPORATIONCOM0.31%$9M64.1K
82ITWILLINOIS TOOL WKS INCCOM0.31%$9M33.8K
83BNYBANK NEW YORK MELLON CORPCOM0.30%$8M108.3K
84BABOEING COCOM0.30%$8M46.5K
85MRKMERCK & CO INCCOM0.29%$8M82.3K
86GSGOLDMAN SACHS GROUP INCCOM0.29%$8M14.0K
87NVSNNOVARTIS AGSPONSORED ADR0.29%$8M81.6K
88PSAPUBLIC STORAGE OPER COCOM0.28%$8M26.3K
89JJACOBS SOLUTIONS INCCOM0.27%$8M56.5K
90MMM3M COCOM0.26%$7M56.9K
91ENRENERGIZER HLDGS INC NEWCOM0.25%$7M203.0K
92AVGOBROADCOM INCCOM0.24%$7M29.1K
93TXNTEXAS INSTRS INCCOM0.24%$7M35.6K
94CMICUMMINS INCCOM0.24%$7M18.8K
95TAT&T INCCOM0.23%$6M275.3K
96CARRCARRIER GLOBAL CORPORATIONCOM0.22%$6M91.1K
97BPBP PLCSPONSORED ADR0.22%$6M205.3K
98LMTLOCKHEED MARTIN CORPCOM0.22%$6M12.5K
99CAGCONAGRA BRANDS INCCOM0.21%$6M215.1K
100FERGFERGUSON ENTERPRISES INCCOMMON STOCK NEW0.21%$6M33.6K

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 ↗.