SEC 13F Intelligence

Managers / Q4 2021 · view latest →

First Fiduciary Investment Counsel, Inc.

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

Reported Value
$563M
Q4 2021
Positions
67
Filings on Record
29
2019–present window
Filed
Jan 14, 2022
original filing

Summary

First Fiduciary Investment Counsel, Inc. reported $563M in U.S.-listed holdings across 67 positions for Q4 2021.

Its largest position, MSFT, represents 6.9% of the portfolio.

Compared with Q3 2021, the fund opened 5 new positions and exited 3.

Portfolio Metrics

Turnover
+2.5%
vs prior filed quarter
Top-10 Concentration
+44.6%
share of reported value
Largest Position
+6.9%
Microsoft
New / Exited
5 / 3
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: 94.1%ADR: 2.6%ETP: 1.9%Other: 1.4%
  • Common Stock · 94.1% · $530M
  • ADR · 2.6% · $15M
  • ETP · 1.9% · $11M
  • Other · 1.4% · $8M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2021 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
ACTIVISION BLIZZARDNEW+86.1K86.1K+$6M$6M
BSCR2027 INVESCO BULLETSHARES CORP BOND ETFNEW+11.2K11.2K+$241,000$241,000
2027 ISHARES IBONDS ETFNEW+9.1K9.1K+$240,000$240,000
NSCNORFOLK SOUTHERN CORPNEW+800800+$238,000$238,000
IBMO2026 ISHARES IBONDS ETFNEW+2.5K2.5K+$67,000$67,000
IBDR2026 ISHARES IBONDS ETFADDED+48.4K54.8K+$1M$1M
2021 ISHARES IBONDS ETFSOLD OUT−134.4K0−$3M$0
2021 INVESCO BULLETSHARES CORP BOND ETFSOLD OUT−87.3K0−$2M$0

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

Holdings — Q4 2021

65 positions (from 67 filing rows — )
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1MSFTMICROSOFT CORPhistory →COM6.89%$39M115.5K
2LOWLOWE'S COMPANIEShistory →COM6.76%$38M147.3K
3PFEPFIZERhistory →COM4.52%$25M431.4K
4JPMJP MORGAN CHASEhistory →COM4.49%$25M159.6K
5CSCOCISCO SYSTEMShistory →COM4.42%$25M393.2K
6UPSUPShistory →COM4.13%$23M108.5K
7CMCSACOMCAST CORPhistory →COM3.66%$21M410.2K
8HONHONEYWELL INT'Lhistory →COM3.31%$19M89.4K
9PGPROCTER & GAMBLEhistory →COM3.30%$19M113.5K
10JNJJOHNSON & JOHNSONhistory →COM3.16%$18M104.1K
11PEPPEPSICOhistory →COM3.08%$17M99.9K
12DISWALT DISNEY COhistory →COM3.02%$17M110.0K
13JCIJOHNSON CONTROLShistory →COM3.02%$17M209.2K
14ACNACCENTURE PLChistory →COM2.84%$16M38.7K
15NVSNOVARTIS AG ADRhistory →COM2.64%$15M170.2K
16ALCALCON INC Fhistory →COM2.57%$14M166.3K
17USBU.S. BANCORPhistory →COM2.55%$14M255.6K
18PPGPPG INDUSTRIES INChistory →COM2.48%$14M81.2K
19COFCAPITAL ONEhistory →COM2.25%$13M87.2K
20PMPHILIP MORRIShistory →COM2.17%$12M128.9K
21TJXTJX COMPANIES INChistory →COM2.06%$12M152.7K
22VZVERIZON COMMhistory →COM2.03%$11M220.0K
23KOCOCA-COLAhistory →COM1.98%$11M188.8K
24WTWWILLIS TOWERS WATSONhistory →COM1.90%$11M45.0K
25DDDUPONThistory →COM1.85%$10M128.9K
26SBUXSTARBUCKS CORPhistory →COM1.69%$10M81.3K
27WMWASTE MGMThistory →COM1.63%$9M55.0K
28BDXBECTON DICKINSONhistory →COM1.45%$8M32.6K
29ORCLORACLE CORPhistory →COM1.42%$8M91.8K
30MOALTRIA GROUPhistory →COM1.35%$8M161.0K
31MARMARRIOTT INT'Lhistory →COM1.34%$8M45.6K
32LMTLOCKHEED MARTINhistory →COM1.22%$7M19.3K
33DUKDUKE ENERGY CORPhistory →COM1.13%$6M60.5K
34ACTIVISION BLIZZARDCOM1.02%$6M86.1K
35SLBSCHLUMBERGERCOM0.81%$5M151.6K
36PSXPHILLIPS 66COM0.75%$4M58.1K
372022 ISHARES IBONDS ETFETF0.60%$3M134.1K
382023 ISHARES IBONDS ETFETF0.53%$3M117.2K
392024 ISHARES IBONDS ETFETF0.43%$2M93.2K
40SOSOUTHERN COCOM0.42%$2M34.3K
412025 ISHARES IBONDS ETFETF0.40%$2M85.9K
42HDHOME DEPOT INCCOM0.34%$2M4.6K
432022 INVESCO BULLETSHARES CORP BOND ETFETF0.29%$2M75.3K
44IBDR2026 ISHARES IBONDS ETFETF0.27%$1M57.3K
452023 INVESCO BULLETSHARES CORP BOND ETFETF0.19%$1M48.7K
462024 INVESCO BULLETSHARES CORP BOND ETFETF0.18%$994,00045.5K
47GOOGLALPHABET INC CLASS ACOM0.16%$915,000316
48AAPLAPPLE INCCOM0.15%$822,0004.6K
492025 INVESCO BULLETSHARES CORP BOND ETFETF0.14%$816,00037.3K
50MRKMERCK & COCOM0.12%$668,0008.7K
51DDOMINION RESCOM0.12%$655,0008.3K
52ABTABBOTT LABSCOM0.10%$544,0003.9K
53ABBVIECOM0.08%$474,0003.5K
54WMTWALMART INCCOM0.07%$395,0002.7K
55WECWISCONSIN ENERGY CORPCOM0.07%$393,0004.0K
56LNTALLIANT ENERGY CORPCOM0.07%$369,0006.0K
57GISGENERAL MILLSCOM0.06%$363,0005.4K
58MDLZMONDELEZ INT'LCOM0.06%$332,0005.0K
59BSCQ2026 INVESCO BULLETSHARES CORP BOND ETFETF0.05%$262,00012.4K
60SFSTIFEL FINANCIAL CORPCOM0.04%$243,0003.5K
61BSCR2027 INVESCO BULLETSHARES CORP BOND ETFETF0.04%$241,00011.2K
622027 ISHARES IBONDS ETFETF0.04%$240,0009.1K
63MCDMCDONALDS CORPCOM0.04%$239,000890
64NSCNORFOLK SOUTHERN CORPCOM0.04%$238,000800
65IVVISHARES CORE S&P 500 ETFETF0.04%$220,000462

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 ↗.