SEC 13F Intelligence

Managers / Q3 2021 · view latest →

First Fiduciary Investment Counsel, Inc.

CIK 0001072843 · 6100 OAK TREE BLVD, SUITE 185, CLEVELAND, OH, 44131 · 2166439100

Reported Value
$513M
Q3 2021
Positions
65
Filings on Record
30
2019–present window
Filed
Oct 7, 2021
original filing

Summary

First Fiduciary Investment Counsel, Inc. reported $513M in U.S.-listed holdings across 65 positions for Q3 2021.

Its largest position, MSFT, represents 6.7% of the portfolio.

Compared with Q2 2021, the fund opened 1 new position and exited 2.

Portfolio Metrics

Turnover
+3.6%
vs prior filed quarter
Top-10 Concentration
+44.8%
share of reported value
Largest Position
+6.7%
Microsoft
New / Exited
1 / 2
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
Q1 ’19: $540MQ1 ’19Q2 ’19: $473MQ3 ’19: $472MQ4 ’19: $537MQ1 ’20: $378MQ1 ’20Q2 ’20: $570MQ3 ’20: $481MQ4 ’20: $534MQ1 ’21: $525MQ1 ’21Q2 ’21: $522MQ3 ’21: $513MQ4 ’21: $563MQ1 ’22: $513MQ1 ’22Q2 ’22: $442MQ3 ’22: $399MQ4 ’22: $457MQ1 ’23: $452MQ1 ’23Q2 ’23: $460MQ3 ’23: $426MQ4 ’23: $453MQ1 ’24: $482MQ1 ’24Q2 ’24: $461MQ3 ’24: $499MQ4 ’24: $492MQ1 ’25: $466MQ1 ’25Q2 ’25: $504MQ3 ’25: $514MQ4 ’25: $516MQ1 ’26: $497MQ1 ’26filingsflow.com

Portfolio Composition

By security type
Common Stock: 93.9%ADR: 2.7%Other: 1.9%ETP: 1.6%
  • Common Stock · 93.9% · $481M
  • ADR · 2.7% · $14M
  • Other · 1.9% · $10M
  • ETP · 1.6% · $8M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2021 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
WTWWILLIS TOWERS WATSON PLCNEW+44.7K44.7K+$10M$10M
BSCQ2026 INVESCO BULLETSHARES CORP BOND ETFADDED+3.9K6.3K+$85,000$134,000
QQQINVESCO QQQ TRUSTSOLD OUT−1.2K0−$430,000$0
NSCNORFOLK SOUTHERN CORPSOLD OUT−8000−$212,000$0
IBDR2026 ISHARES IBONDS ETFADDED+3.2K6.5K+$84,000$171,000
LMTLOCKHEED MARTINTRIMMED−12.5K19.3K−$5M$7M
SLBSCHLUMBERGERTRIMMED−54.7K152.2K−$2M$5M
2025 ISHARES IBONDS ETFADDED+10.2K57.7K+$268,000$2M

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

Holdings — Q3 2021

64 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1MSFTMICROSOFT CORPhistory →COM6.68%$34M121.5K
2LOWLOWE'S COMPANIEShistory →COM6.16%$32M155.8K
3JPMJP MORGAN CHASEhistory →COM5.18%$27M162.1K
4CMCSACOMCAST CORPhistory →COM4.35%$22M398.4K
5CSCOCISCO SYSTEMShistory →COM4.18%$21M393.3K
6UPSUNITED PARCEL SERVICEhistory →COM3.88%$20M109.1K
7PFEPFIZERhistory →COM3.86%$20M459.8K
8HONHONEYWELL INT'Lhistory →COM3.67%$19M88.6K
9DISWALT DISNEY COhistory →COM3.59%$18M108.9K
10JNJJOHNSON & JOHNSONhistory →COM3.26%$17M103.4K
11PGPROCTER & GAMBLEhistory →COM3.11%$16M114.1K
12USBU.S. BANCORPhistory →COM2.97%$15M256.3K
13PEPPEPSICOhistory →COM2.94%$15M100.3K
14JCIJOHNSON CONTROLShistory →COM2.85%$15M214.9K
15COFCAPITAL ONEhistory →COM2.80%$14M88.8K
16NVSNOVARTIS AG ADRhistory →COM2.67%$14M167.4K
17ALCALCON INC Fhistory →COM2.57%$13M163.5K
18ACNACCENTURE PLChistory →COM2.42%$12M38.7K
19VZVERIZON COMMhistory →COM2.37%$12M224.7K
20PMPHILIP MORRIS INT'Lhistory →COM2.35%$12M127.3K
21PPGPPG INDUSTRIES INChistory →COM2.25%$12M80.7K
22WTWWILLIS TOWERS WATSON PLChistory →COM2.03%$10M44.7K
23TJXTJX COMPANIES INChistory →COM1.94%$10M150.4K
24KOCOCA-COLAhistory →COM1.91%$10M186.5K
25SBUXSTARBUCKS CORPhistory →COM1.67%$9M77.4K
26DDDUPONThistory →COM1.66%$9M125.1K
27WMWASTE MANAGEMENThistory →COM1.51%$8M51.9K
28ORCLORACLE CORPhistory →COM1.50%$8M88.4K
29BDXBECTON DICKINSONhistory →COM1.50%$8M31.3K
30MOALTRIA GROUPhistory →COM1.34%$7M151.3K
31MARMARRIOTT INT'Lhistory →COM1.32%$7M45.8K
32LMTLOCKHEED MARTINhistory →COM1.30%$7M19.3K
33DUKDUKE ENERGY CORPhistory →COM1.12%$6M59.0K
34SLBSCHLUMBERGERCOM0.88%$5M152.2K
35PSXPHILLIPS 66COM0.87%$4M64.0K
362021 ISHARES IBONDS ETFETF0.65%$3M134.4K
372022 ISHARES IBONDS ETFETF0.52%$3M104.9K
382023 ISHARES IBONDS ETFETF0.49%$3M97.0K
39SOSOUTHERN COCOM0.44%$2M36.5K
402024 ISHARES IBONDS ETFETF0.39%$2M75.6K
412021 INVESCO BULLETSHARES CORP BOND ETFETF0.36%$2M87.3K
422025 ISHARES IBONDS ETFETF0.30%$2M57.7K
43HDHOME DEPOT INCCOM0.30%$2M4.7K
442022 INVESCO BULLETSHARES CORP BOND ETFETF0.19%$995,00046.2K
45GOOGLALPHABET INC CLASS ACOM0.16%$843,000316
46AAPLAPPLE INCCOM0.16%$800,0005.7K
472023 INVESCO BULLETSHARES CORP BOND ETFETF0.14%$742,00034.2K
48MRKMERCK & COCOM0.14%$696,0009.3K
492024 INVESCO BULLETSHARES CORP BOND ETFETF0.13%$652,00029.5K
50DDOMINION RESCOM0.13%$646,0008.8K
512025 INVESCO BULLETSHARES CORP BOND ETFETF0.10%$535,00024.1K
52ABTABBOTT LABSCOM0.08%$413,0003.5K
53WMTWALMART INCCOM0.07%$381,0002.7K
54ABBVIECOM0.07%$378,0003.5K
55WECWISCONSIN ENERGY CORPCOM0.07%$357,0004.0K
56LNTALLIANT ENERGY CORPCOM0.07%$336,0006.0K
57GISGENERAL MILLSCOM0.06%$323,0005.4K
58MDLZMONDELEZ INT'LCOM0.06%$291,0005.0K
59SFSTIFEL FINANCIAL CORPCOM0.05%$234,0003.5K
60MCDMCDONALDS CORPCOM0.04%$215,000890
61ALLALLSTATECOM0.04%$214,0001.7K
62IVVISHARES CORE S&P 500 ETFETF0.04%$200,000463
63IBDR2026 ISHARES IBONDS ETFETF0.03%$171,0006.5K
64BSCQ2026 INVESCO BULLETSHARES CORP BOND ETFETF0.03%$134,0006.3K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$497M66May 1, 202613F-HRchanges · EDGAR ↗
Q4 2025$516M71Jan 30, 202613F-HRchanges · EDGAR ↗
Q3 2025$514M73Nov 5, 202513F-HRchanges · EDGAR ↗
Q2 2025$504M71Jul 24, 202513F-HRchanges · EDGAR ↗
Q1 2025$466M68Apr 25, 202513F-HRchanges · EDGAR ↗
Q4 2024$492M66Jan 29, 202513F-HRchanges · EDGAR ↗
Q3 2024$499M68Nov 1, 202413F-HRchanges · EDGAR ↗
Q2 2024$461M64Aug 7, 202413F-HRchanges · EDGAR ↗
Q1 2024$482M65Apr 24, 202413F-HRchanges · EDGAR ↗
Q4 2023$453M63Feb 2, 202413F-HRchanges · EDGAR ↗
Q3 2023$426M61Nov 7, 202313F-HRchanges · EDGAR ↗
Q2 2023$460M63Jul 21, 202313F-HRchanges · EDGAR ↗
Q1 2023$452M66May 4, 202313F-HRchanges · EDGAR ↗
Q4 2022$457M64Feb 7, 202313F-HRchanges · EDGAR ↗
Q3 2022$399M64Oct 31, 202213F-HRchanges · EDGAR ↗
Q2 2022$442M67Jul 19, 202213F-HRchanges · EDGAR ↗
Q1 2022$513M69Apr 21, 202213F-HRchanges · EDGAR ↗
Q4 2021$563M67Jan 14, 202213F-HRchanges · EDGAR ↗
Q3 2021$513M65Oct 7, 202113F-HRchanges · EDGAR ↗
Q2 2021$522M66Jul 29, 202113F-HRchanges · EDGAR ↗
Q1 2021$525M70May 12, 202113F-HRchanges · EDGAR ↗
Q4 2020$534M59Feb 12, 202113F-HRchanges · EDGAR ↗
Q3 2020$481M59Nov 18, 202013F-HRchanges · EDGAR ↗
Q2 2020$570M62Aug 10, 202013F-HRchanges · EDGAR ↗
Q1 2020$378M59May 12, 202013F-HRchanges · EDGAR ↗
Q4 2019$537M64Feb 12, 202013F-HRchanges · EDGAR ↗
Q3 2019$472M42Nov 15, 201913F-HRchanges · EDGAR ↗
Q2 2019$473M44Jul 25, 201913F-HRchanges · EDGAR ↗
Q1 2019$540M46May 15, 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 ↗.