SEC 13F Intelligence

Managers / Q2 2022 · view latest →

First Fiduciary Investment Counsel, Inc.

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

Reported Value
$442M
Q2 2022
Positions
67
Filings on Record
30
2019–present window
Filed
Jul 19, 2022
original filing

Summary

First Fiduciary Investment Counsel, Inc. reported $442M in U.S.-listed holdings across 67 positions for Q2 2022.

Its largest position, MSFT, represents 6.2% of the portfolio.

Compared with Q1 2022, the fund opened 3 new positions and exited 7.

Portfolio Metrics

Turnover
+3.3%
vs prior filed quarter
Top-10 Concentration
+41.5%
share of reported value
Largest Position
+6.2%
Microsoft
New / Exited
3 / 7
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: 92.8%ADR: 3.1%ETP: 2.3%Other: 1.7%
  • Common Stock · 92.8% · $410M
  • ADR · 3.1% · $14M
  • ETP · 2.3% · $10M
  • Other · 1.7% · $8M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
TGTTARGET CORPNEW+62.3K62.3K+$9M$9M
BLACKROCKNEW+7.7K7.7K+$5M$5M
ABBVABBVIENEW+3.5K3.5K+$536,000$536,000
COFCAPITAL ONESOLD OUT−88.4K0−$12M$0
TJXTJX COMPANIES INCSOLD OUT−146.5K0−$9M$0
ABBVIESOLD OUT−3.5K0−$567,000$0
SFSTIFEL FINANCIAL CORPSOLD OUT−3.5K0−$234,000$0
NSCNORFOLK SOUTHERN CORPSOLD OUT−8000−$228,000$0

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

Holdings — Q2 2022

64 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1MSFTMICROSOFT CORPhistory →COM6.19%$27M106.5K
2LOWLOWE'S COMPANIEShistory →COM5.62%$25M142.2K
3JPMJP MORGAN CHASEhistory →COM4.14%$18M162.5K
4JNJJOHNSON & JOHNSONhistory →COM4.02%$18M100.0K
5CSCOCISCO SYSTEMShistory →COM3.75%$17M389.0K
6CMCSACOMCAST CORPhistory →COM3.68%$16M414.8K
7PGPROCTER & GAMBLEhistory →COM3.61%$16M110.9K
8PEPPEPSICOhistory →COM3.59%$16M95.1K
9HONHONEYWELL INT'Lhistory →COM3.54%$16M90.0K
10UPSUPShistory →COM3.42%$15M82.7K
11NVSNOVARTIS AG ADRhistory →COM3.09%$14M161.7K
12PMPHILIP MORRIShistory →COM2.77%$12M124.2K
13KOCOCA-COLAhistory →COM2.64%$12M185.6K
14USBU.S. BANCORPhistory →COM2.57%$11M246.5K
15ALCALCON INC Fhistory →COM2.51%$11M158.8K
16PFEPFIZERhistory →COM2.48%$11M209.0K
17DISWALT DISNEY COhistory →COM2.38%$11M111.7K
18ACNACCENTURE PLChistory →COM2.34%$10M37.2K
19VZVERIZON COMMhistory →COM2.31%$10M201.0K
20JCIJOHNSON CONTROLShistory →COM2.23%$10M206.3K
21PPGPPG INDUSTRIES INChistory →COM2.16%$10M83.5K
22WMWASTE MGMThistory →COM2.13%$9M61.4K
23TGTTARGET CORPhistory →COM1.99%$9M62.3K
24BDXBECTON DICKINSONhistory →COM1.97%$9M35.3K
25WTWWILLIS TOWERShistory →COM1.92%$8M43.0K
26LMTLOCKHEED MARTINhistory →COM1.91%$8M19.7K
27ORCLORACLE CORPhistory →COM1.62%$7M102.7K
28DDDUPONThistory →COM1.60%$7M127.5K
29SBUXSTARBUCKS CORPhistory →COM1.56%$7M90.0K
30MOALTRIA GROUPhistory →COM1.51%$7M159.7K
31ACTIVISIONCOM1.50%$7M85.2K
32DUKDUKE ENERGY CORPhistory →COM1.47%$6M60.6K
33MARMARRIOTT INT'Lhistory →COM1.33%$6M43.2K
34SLBSCHLUMBERGERhistory →COM1.29%$6M158.9K
35BLACKROCKCOM1.06%$5M7.7K
36TXNTEXAS INSTR.history →COM1.00%$4M28.9K
37PSXPHILLIPS 66COM1.00%$4M53.8K
382022 ISHARES IBONDS ETFETF0.87%$4M153.2K
392023 ISHARES IBONDS ETFETF0.65%$3M115.0K
402024 ISHARES IBONDS ETFETF0.52%$2M93.7K
41SOSOUTHERN COCOM0.52%$2M32.0K
422025 ISHARES IBONDS ETFETF0.49%$2M87.0K
432022 INVESCO BULLETSHARES CORP BOND ETFETF0.49%$2M101.3K
44IBDR2026 ISHARES IBONDS ETFETF0.30%$1M55.4K
45HDHOME DEPOT INCCOM0.25%$1M4.0K
462023 INVESCO BULLETSHARES CORP BOND ETFETF0.23%$1M48.6K
472024 INVESCO BULLETSHARES CORP BOND ETFETF0.21%$949,00045.8K
48MRKMERCK & COCOM0.18%$795,0008.7K
492025 INVESCO BULLETSHARES CORP BOND ETFETF0.18%$781,00038.2K
50DDOMINION RESCOM0.15%$682,0008.5K
51AAPLAPPLE INCCOM0.13%$593,0004.3K
52ABBVABBVIECOM0.12%$536,0003.5K
53GOOGLALPHABET INC CLASS ACOM0.11%$482,000221
54GISGENERAL MILLSCOM0.09%$407,0005.4K
55WECWISCONSIN ENERGY CORPCOM0.08%$367,0003.6K
56LNTALLIANT ENERGY CORPCOM0.08%$352,0006.0K
57ABTABBOTT LABSCOM0.08%$348,0003.2K
58WMTWALMART INCCOM0.08%$332,0002.7K
59MDLZMONDELEZ INT'LCOM0.07%$310,0005.0K
60BSCQ2026 INVESCO BULLETSHARES CORP BOND ETFETF0.05%$238,00012.4K
61CVXCHEVRONCOM0.05%$217,0001.5K
62BSCR2027 INVESCO BULLETSHARES CORP BOND ETFETF0.05%$216,00011.2K
632027 ISHARES IBONDS ETFETF0.05%$216,0009.1K
64ALLALLSTATECOM0.05%$213,0001.7K

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 ↗.