SEC 13F Intelligence

Managers / Q1 2023 · view latest →

First Fiduciary Investment Counsel, Inc.

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

Reported Value
$452M
Q1 2023
Positions
66
Filings on Record
30
2019–present window
Filed
May 4, 2023
original filing

Summary

First Fiduciary Investment Counsel, Inc. reported $452M in U.S.-listed holdings across 66 positions for Q1 2023.

Its largest position, MSFT, represents 6.5% of the portfolio.

Compared with Q4 2022, the fund opened 3 new positions and exited 1.

Portfolio Metrics

Turnover
+4.4%
vs prior filed quarter
Top-10 Concentration
+40.4%
share of reported value
Largest Position
+6.5%
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: 94.6%ADR: 3.1%ETP: 2.1%Other: 0.2%
  • Common Stock · 94.6% · $427M
  • ADR · 3.1% · $14M
  • ETP · 2.1% · $9M
  • Other · 0.2% · $1M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
GOOGLALPHABET INC CL ANEW+2.5K2.5K+$264,000$264,000
GOOGALPHABET INC CL CNEW+2.2K2.2K+$227,000$227,000
IVVISHARES CORE S&P 500 ETFNEW+506506+$208,000$208,000
ALLALLSTATESOLD OUT−1.7K0−$228,000$0
BLACKROCKADDED+5.7K13.8K+$4M$9M
PMPHILIP MORRISTRIMMED−51.0K68.1K−$5M$7M
EXMOCEXXON MOBILADDED+8183.5K+$88,000$386,000
GISGENERAL MILLSADDED+1.0K5.3K+$92,000$450,000

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

Holdings — Q1 2023

65 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1MSFTMICROSOFT CORPhistory →COM6.46%$29M101.2K
2LOWLOWE'S COMPANIEShistory →COM5.66%$26M127.9K
3JPMJP MORGAN CHASEhistory →COM4.63%$21M160.6K
4UPSUPShistory →COM3.67%$17M85.5K
5HONHONEYWELL INT'Lhistory →COM3.52%$16M83.3K
6PGPROCTER & GAMBLEhistory →COM3.46%$16M105.1K
7PEPPEPSICOhistory →COM3.45%$16M85.4K
8CMCSACOMCAST CORPhistory →COM3.22%$15M383.2K
9JNJJOHNSON & JOHNSONhistory →COM3.22%$15M93.7K
10NVSNOVARTIS AG ADRhistory →COM3.14%$14M154.3K
11CSCOCISCO SYSTEMShistory →COM3.10%$14M267.9K
12DISWALT DISNEY COhistory →COM2.91%$13M131.1K
13JCIJOHNSON CONTROLShistory →COM2.51%$11M188.6K
14PPGPPG INDUSTRIEShistory →COM2.48%$11M83.8K
15ALCALCON INC Fhistory →COM2.45%$11M156.9K
16KOCOCA-COLAhistory →COM2.36%$11M171.8K
17ORCLORACLE CORPhistory →COM2.26%$10M109.6K
18ACNACCENTURE PLChistory →COM2.24%$10M35.4K
19WMWASTE MGMThistory →COM2.21%$10M61.1K
20TGTTARGET CORPhistory →COM2.14%$10M58.3K
21WTWWILLIS TOWERShistory →COM2.13%$10M41.4K
22SBUXSTARBUCKS CORPhistory →COM2.10%$9M91.0K
23TXNTEXAS INSTR.history →COM2.07%$9M50.3K
24BLACKROCKCOM2.05%$9M13.8K
25BDXBECTON DICKINSONhistory →COM1.97%$9M35.9K
26PFEPFIZERhistory →COM1.97%$9M217.8K
27DDDUPONThistory →COM1.96%$9M123.2K
28USBU.S. BANCORPhistory →COM1.96%$9M245.2K
29LMTLOCKHEED MARTINhistory →COM1.88%$8M17.9K
30VZVERIZON COMMhistory →COM1.56%$7M181.1K
31SLBSLBhistory →COM1.54%$7M142.0K
32ACTIVISIONCOM1.51%$7M79.6K
33PMPHILIP MORRIShistory →COM1.47%$7M68.1K
34MOALTRIA GROUPhistory →COM1.47%$7M148.5K
35MARMARRIOTT INT'Lhistory →COM1.43%$6M38.9K
36DUKDUKE ENERGYhistory →COM1.36%$6M63.5K
37PSXPHILLIPS 66history →COM1.11%$5M49.6K
38IFFINT'L FLVRS/FRAGCOM0.88%$4M43.4K
392024 ISHARES IBONDS ETFETF0.50%$2M91.0K
40SOSOUTHERN COCOM0.48%$2M30.8K
412025 ISHARES IBONDS ETFETF0.45%$2M83.3K
42IBDR2026 ISHARES IBONDS ETFETF0.33%$2M63.7K
43HDHOME DEPOT INCCOM0.26%$1M4.0K
442024 INVESCO BULLETSHARES CORP BOND ETFETF0.23%$1M49.8K
452023 ISHARES IBONDS ETFETF0.23%$1M40.6K
462027 ISHARES IBONDS ETFETF0.22%$1M42.6K
47MRKMERCK & COCOM0.22%$997,0009.4K
482025 INVESCO BULLETSHARES CORP BOND ETFETF0.19%$845,00041.7K
49AAPLAPPLE INCCOM0.19%$837,0005.1K
50ABBVABBVIECOM0.13%$607,0003.8K
51GOOGLALPHABET INC CL ACOM0.11%$491,0004.7K
52GISGENERAL MILLSCOM0.10%$450,0005.3K
53WMTWALMART INCCOM0.10%$432,0002.9K
54EXMOCEXXON MOBILCOM0.09%$386,0003.5K
55ABTABBOTT LABSCOM0.08%$370,0003.6K
56MDLZMONDELEZ INT'LCOM0.08%$349,0005.0K
57WECWISCONSIN ENERGYCOM0.08%$346,0003.6K
58LNTALLIANT ENERGY CORPCOM0.07%$320,0006.0K
59DDOMINION RESCOM0.07%$318,0005.7K
60BSCQ2026 INVESCO BULLETSHARES CORP BOND ETFETF0.06%$276,00014.4K
61MCDMCDONALDS CORPCOM0.06%$252,000900
62CVXCHEVRONCOM0.05%$240,0001.5K
63BSCR2027 INVESCO BULLETSHARES CORP BOND ETFETF0.05%$216,00011.2K
64IVVISHARES CORE S&P 500 ETFETF0.05%$208,000506
65SFSTIFEL FINANCIAL CORPCOM0.05%$204,0003.5K

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 ↗.