SEC 13F Intelligence

Managers / Q1 2022 · view latest →

First Fiduciary Investment Counsel, Inc.

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

Reported Value
$513M
Q1 2022
Positions
69
Filings on Record
30
2019–present window
Filed
Apr 21, 2022
original filing

Summary

First Fiduciary Investment Counsel, Inc. reported $513M in U.S.-listed holdings across 69 positions for Q1 2022.

Its largest position, MSFT, represents 6.4% of the portfolio.

Compared with Q4 2021, the fund opened 3 new positions and exited 1.

Portfolio Metrics

Turnover
+2.7%
vs prior filed quarter
Top-10 Concentration
+42.2%
share of reported value
Largest Position
+6.4%
Microsoft
New / Exited
3 / 1
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: 93.5%ADR: 2.9%ETP: 2.0%Other: 1.6%
  • Common Stock · 93.5% · $479M
  • ADR · 2.9% · $15M
  • ETP · 2.0% · $10M
  • Other · 1.6% · $8M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2021 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
TXNTEXAS INSTRUMENTS INCNEW+28.1K28.1K+$5M$5M
CVXCHEVRONNEW+1.5K1.5K+$244,000$244,000
ALLALLSTATENEW+1.7K1.7K+$233,000$233,000
IBMO2026 ISHARES IBONDS ETFSOLD OUT−2.5K0−$67,000$0
PFEPFIZERTRIMMED−219.4K212.1K−$14M$11M
GOOGLALPHABET INC CLASS ATRIMMED−71112−$218,000$312,000
GOOGALPHABET INC CLASS CTRIMMED−24109−$81,000$304,000
ABTABBOTT LABSTRIMMED−5653.3K−$153,000$391,000

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

Holdings — Q1 2022

68 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1MSFTMICROSOFT CORPhistory →COM6.42%$33M106.8K
2LOWLOWE'S COMPANIEShistory →COM5.63%$29M142.7K
3UPSUPShistory →COM4.33%$22M103.5K
4JPMJP MORGAN CHASEhistory →COM4.29%$22M161.3K
5CSCOCISCO SYSTEMShistory →COM4.23%$22M388.8K
6CMCSACOMCAST CORPhistory →COM3.86%$20M423.1K
7JNJJOHNSON & JOHNSONhistory →COM3.55%$18M102.7K
8HONHONEYWELL INT'Lhistory →COM3.41%$17M89.9K
9PGPROCTER & GAMBLEhistory →COM3.30%$17M110.8K
10PEPPEPSICOhistory →COM3.18%$16M97.5K
11DISWALT DISNEY COhistory →COM2.98%$15M111.4K
12NVSNOVARTIS AG ADRhistory →COM2.90%$15M169.4K
13USBU.S. BANCORPhistory →COM2.60%$13M250.8K
14JCIJOHNSON CONTROLShistory →COM2.59%$13M202.6K
15ALCALCON INC Fhistory →COM2.51%$13M162.2K
16ACNACCENTURE PLChistory →COM2.46%$13M37.4K
17PMPHILIP MORRIShistory →COM2.28%$12M124.7K
18COFCAPITAL ONEhistory →COM2.26%$12M88.4K
19KOCOCA-COLAhistory →COM2.25%$12M186.2K
20PFEPFIZERhistory →COM2.14%$11M212.1K
21PPGPPG INDUSTRIES INChistory →COM2.14%$11M83.6K
22WTWWILLIS TOWERS WATSONhistory →COM2.08%$11M45.2K
23VZVERIZON COMMhistory →COM2.06%$11M207.7K
24DDDUPONThistory →COM1.86%$10M129.5K
25WMWASTE MGMThistory →COM1.85%$10M60.0K
26BDXBECTON DICKINSONhistory →COM1.75%$9M33.8K
27TJXTJX COMPANIES INChistory →COM1.73%$9M146.5K
28LMTLOCKHEED MARTINhistory →COM1.70%$9M19.8K
29MOALTRIA GROUPhistory →COM1.64%$8M160.8K
30SBUXSTARBUCKS CORPhistory →COM1.62%$8M91.4K
31ORCLORACLE CORPhistory →COM1.59%$8M98.3K
32MARMARRIOTT INT'Lhistory →COM1.49%$8M43.4K
33ACTIVISION BLIZZARDCOM1.34%$7M85.7K
34DUKDUKE ENERGY CORPhistory →COM1.33%$7M60.9K
35SLBSCHLUMBERGERhistory →COM1.18%$6M146.9K
36TXNTEXAS INSTRUMENTS INChistory →COM1.01%$5M28.1K
37PSXPHILLIPS 66COM0.95%$5M56.6K
382022 ISHARES IBONDS ETFETF0.68%$3M139.5K
392023 ISHARES IBONDS ETFETF0.58%$3M117.7K
402024 ISHARES IBONDS ETFETF0.46%$2M94.0K
41SOSOUTHERN COCOM0.45%$2M32.0K
422025 ISHARES IBONDS ETFETF0.43%$2M87.0K
432022 INVESCO BULLETSHARES CORP BOND ETFETF0.34%$2M82.2K
44IBDR2026 ISHARES IBONDS ETFETF0.27%$1M55.4K
45HDHOME DEPOT INCCOM0.23%$1M4.0K
462023 INVESCO BULLETSHARES CORP BOND ETFETF0.21%$1M50.9K
472024 INVESCO BULLETSHARES CORP BOND ETFETF0.19%$964,00045.7K
48AAPLAPPLE INCCOM0.16%$808,0004.6K
492025 INVESCO BULLETSHARES CORP BOND ETFETF0.16%$799,00038.2K
50DDOMINION RESCOM0.14%$726,0008.5K
51MRKMERCK & COCOM0.14%$715,0008.7K
52GOOGLALPHABET INC CLASS ACOM0.12%$616,000221
53ABBVIECOM0.11%$567,0003.5K
54WMTWALMART INCCOM0.08%$407,0002.7K
55ABTABBOTT LABSCOM0.08%$391,0003.3K
56LNTALLIANT ENERGY CORPCOM0.07%$375,0006.0K
57GISGENERAL MILLSCOM0.07%$365,0005.4K
58WECWISCONSIN ENERGY CORPCOM0.07%$364,0003.6K
59MDLZMONDELEZ INT'LCOM0.06%$314,0005.0K
60BSCQ2026 INVESCO BULLETSHARES CORP BOND ETFETF0.05%$247,00012.4K
61CVXCHEVRONCOM0.05%$244,0001.5K
62SFSTIFEL FINANCIAL CORPCOM0.05%$234,0003.5K
63ALLALLSTATECOM0.05%$233,0001.7K
64NSCNORFOLK SOUTHERN CORPCOM0.04%$228,000800
65BSCR2027 INVESCO BULLETSHARES CORP BOND ETFETF0.04%$226,00011.2K
662027 ISHARES IBONDS ETFETF0.04%$226,0009.1K
67IVVISHARES CORE S&P 500 ETFETF0.04%$223,000491
68MCDMCDONALDS CORPCOM0.04%$220,000890

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 ↗.