SEC 13F Intelligence

Managers / Q4 2022 · view latest →

First Fiduciary Investment Counsel, Inc.

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

Reported Value
$457M
Q4 2022
Positions
64
Filings on Record
29
2019–present window
Filed
Feb 7, 2023
original filing

Summary

First Fiduciary Investment Counsel, Inc. reported $457M in U.S.-listed holdings across 64 positions for Q4 2022.

Its largest position, LOW, represents 5.8% of the portfolio.

Compared with Q3 2022, the fund opened 3 new positions and exited 3.

Portfolio Metrics

Turnover
+0.6%
vs prior filed quarter
Top-10 Concentration
+40.3%
share of reported value
Largest Position
+5.8%
Lowe S Companies
New / Exited
3 / 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: 94.6%ADR: 3.1%ETP: 2.1%Other: 0.2%
  • Common Stock · 94.6% · $432M
  • ADR · 3.1% · $14M
  • ETP · 2.1% · $9M
  • Other · 0.2% · $1M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
IFFINT'L FLVRS/FRAGNEW+43.2K43.2K+$5M$5M
MCDMCDONALDS CORPNEW+800800+$211,000$211,000
SFSTIFEL FINANCIAL CORPNEW+3.5K3.5K+$201,000$201,000
2027 ISHARES IBONDS ETFADDED+33.2K42.9K+$780,000$1M
2022 ISHARES IBONDS ETFSOLD OUT−35.9K0−$898,000$0
GOOGLALPHABET INC CLASS ASOLD OUT−2.2K0−$214,000$0
GOOGALPHABET INC CLASS CSOLD OUT−2.2K0−$210,000$0
DDOMINION RESTRIMMED−2.9K5.7K−$242,000$349,000

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

Holdings — Q4 2022

64 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1LOWLOWE'S COMPANIEShistory →COM5.79%$26M132.7K
2MSFTMICROSOFT CORPhistory →COM5.53%$25M105.4K
3JPMJP MORGAN CHASEhistory →COM4.82%$22M164.2K
4HONHONEYWELL INT'Lhistory →COM4.03%$18M86.0K
5JNJJOHNSON & JOHNSONhistory →COM3.70%$17M95.6K
6PGPROCTER & GAMBLEhistory →COM3.52%$16M106.0K
7PEPPEPSICOhistory →COM3.49%$16M88.2K
8UPSUPShistory →COM3.24%$15M85.1K
9NVSNOVARTIS AG ADRhistory →COM3.15%$14M158.4K
10CMCSACOMCAST CORPhistory →COM3.05%$14M398.1K
11CSCOCISCO SYSTEMShistory →COM2.86%$13M274.2K
12JCIJOHNSON CONTROLShistory →COM2.79%$13M198.8K
13PMPHILIP MORRIShistory →COM2.64%$12M119.2K
14ALCALCON INC Fhistory →COM2.60%$12M173.2K
15DISWALT DISNEY COhistory →COM2.56%$12M134.4K
16KOCOCA-COLAhistory →COM2.43%$11M174.5K
17USBU.S. BANCORPhistory →COM2.38%$11M249.1K
18PPGPPG INDUSTRIEShistory →COM2.36%$11M85.8K
19PFEPFIZERhistory →COM2.30%$10M204.8K
20WTWWILLIS TOWERShistory →COM2.26%$10M42.2K
21ACNACCENTURE PLChistory →COM2.11%$10M36.1K
22WMWASTE MGMThistory →COM2.07%$9M60.3K
23BDXBECTON DICKINSONhistory →COM2.05%$9M36.7K
24SBUXSTARBUCKS CORPhistory →COM2.01%$9M92.7K
25ORCLORACLE CORPhistory →COM1.98%$9M110.8K
26LMTLOCKHEED MARTINhistory →COM1.97%$9M18.5K
27DDDUPONThistory →COM1.91%$9M126.9K
28TXNTEXAS INSTR.history →COM1.84%$8M50.9K
29TGTTARGET CORPhistory →COM1.83%$8M56.0K
30SLBSLBhistory →COM1.75%$8M149.3K
31VZVERIZON COMMhistory →COM1.59%$7M184.2K
32MOALTRIA GROUPhistory →COM1.52%$7M152.2K
33DUKDUKE ENERGYhistory →COM1.45%$7M64.1K
34ACTIVISIONCOM1.37%$6M81.8K
35MARMARRIOTT INT'Lhistory →COM1.30%$6M39.8K
36BLACKROCKCOM1.26%$6M8.1K
37PSXPHILLIPS 66history →COM1.19%$5M52.3K
38IFFINT'L FLVRS/FRAGCOM0.99%$5M43.2K
392024 ISHARES IBONDS ETFETF0.53%$2M98.7K
40SOSOUTHERN COCOM0.49%$2M31.4K
412025 ISHARES IBONDS ETFETF0.47%$2M89.1K
42IBDR2026 ISHARES IBONDS ETFETF0.36%$2M70.2K
43HDHOME DEPOT INCCOM0.28%$1M4.0K
442023 ISHARES IBONDS ETFETF0.25%$1M45.3K
452027 ISHARES IBONDS ETFETF0.22%$1M42.9K
46MRKMERCK & COCOM0.21%$967,0008.7K
472024 INVESCO BULLETSHARES CORP BOND ETFETF0.20%$936,00045.7K
482025 INVESCO BULLETSHARES CORP BOND ETFETF0.17%$766,00038.0K
49ABBVABBVIECOM0.13%$615,0003.8K
50AAPLAPPLE INCCOM0.13%$573,0004.4K
51WMTWALMART INCCOM0.08%$387,0002.7K
52GISGENERAL MILLSCOM0.08%$358,0004.3K
53ABTABBOTT LABSCOM0.08%$351,0003.2K
54DDOMINION RESCOM0.08%$349,0005.7K
55WECWISCONSIN ENERGYCOM0.07%$342,0003.6K
56MDLZMONDELEZ INT'LCOM0.07%$333,0005.0K
57LNTALLIANT ENERGY CORPCOM0.07%$331,0006.0K
58EXMOCEXXON MOBILCOM0.07%$298,0002.7K
59CVXCHEVRONCOM0.06%$264,0001.5K
60BSCQ2026 INVESCO BULLETSHARES CORP BOND ETFETF0.05%$234,00012.3K
61ALLALLSTATECOM0.05%$228,0001.7K
62BSCR2027 INVESCO BULLETSHARES CORP BOND ETFETF0.05%$212,00011.2K
63MCDMCDONALDS CORPCOM0.05%$211,000800
64SFSTIFEL FINANCIAL CORPCOM0.04%$201,0003.5K

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 ↗.