SEC 13F Intelligence

Managers / Q2 2023 · view latest →

First Fiduciary Investment Counsel, Inc.

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

Reported Value
$460M
Q2 2023
Positions
63
Filings on Record
30
2019–present window
Filed
Jul 21, 2023
original filing

Summary

First Fiduciary Investment Counsel, Inc. reported $460M in U.S.-listed holdings across 63 positions for Q2 2023.

Its largest position, MSFT, represents 7.1% of the portfolio.

Compared with Q1 2023, the fund opened 1 new position and exited 4.

Portfolio Metrics

Turnover
+5.0%
vs prior filed quarter
Top-10 Concentration
+42.4%
share of reported value
Largest Position
+7.1%
Microsoft
New / Exited
1 / 4
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: 94.5%ADR: 3.3%ETP: 2.0%Other: 0.2%
  • Common Stock · 94.5% · $435M
  • ADR · 3.3% · $15M
  • ETP · 2.0% · $9M
  • Other · 0.2% · $1M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
DHRDANAHER CORPNEW+20.0K20.0K+$5M$5M
USBU.S. BANCORPSOLD OUT−245.2K0−$9M$0
VZVERIZON COMMSOLD OUT−181.1K0−$7M$0
WECWISCONSIN ENERGYSOLD OUT−3.6K0−$346,000$0
DDOMINION RESSOLD OUT−5.7K0−$318,000$0
PFEPFIZERADDED+41.8K259.6K+$637,000$10M
PMPHILIP MORRISADDED+5.0K73.2K+$514,000$7M
MRKMERCK & COTRIMMED−6008.8K+$15,000$1M

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

Holdings — Q2 2023

62 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1MSFTMICROSOFT CORPhistory →COM7.12%$33M96.2K
2LOWLOWE'S COMPANIEShistory →COM6.15%$28M125.5K
3JPMJP MORGAN CHASEhistory →COM5.08%$23M160.6K
4HONHONEYWELL INT'Lhistory →COM3.74%$17M83.0K
5PGPROCTER & GAMBLEhistory →COM3.43%$16M104.0K
6PEPPEPSICOhistory →COM3.41%$16M84.7K
7JNJJOHNSON & JOHNSONhistory →COM3.40%$16M94.5K
8UPSUPShistory →COM3.39%$16M87.2K
9CMCSACOMCAST CORPhistory →COM3.37%$15M373.0K
10NVSNOVARTIS AG ADRhistory →COM3.31%$15M150.9K
11CSCOCISCO SYSTEMShistory →COM3.03%$14M269.8K
12ORCLORACLE CORPhistory →COM2.88%$13M111.4K
13JCIJOHNSON CONTROLShistory →COM2.77%$13M187.3K
14ALCALCON INC Fhistory →COM2.74%$13M153.5K
15DISWALT DISNEY COhistory →COM2.64%$12M136.1K
16PPGPPG INDUSTRIEShistory →COM2.62%$12M81.3K
17ACNACCENTURE PLChistory →COM2.37%$11M35.4K
18WMWASTE MGMThistory →COM2.33%$11M61.9K
19KOCOCA-COLAhistory →COM2.25%$10M171.9K
20WTWWILLIS TOWERShistory →COM2.20%$10M43.0K
21BLACKROCKCOM2.17%$10M14.4K
22BDXBECTON DICKINSONhistory →COM2.09%$10M36.4K
23PFEPFIZERhistory →COM2.07%$10M259.6K
24TXNTEXAS INSTR.history →COM2.05%$9M52.4K
25SBUXSTARBUCKS CORPhistory →COM2.00%$9M93.1K
26DDDUPONThistory →COM1.93%$9M124.1K
27LMTLOCKHEED MARTINhistory →COM1.79%$8M17.9K
28TGTTARGET CORPhistory →COM1.65%$8M57.6K
29PMPHILIP MORRIShistory →COM1.55%$7M73.2K
30MARMARRIOTT INT'Lhistory →COM1.55%$7M38.8K
31SLBSLBhistory →COM1.53%$7M142.9K
32MOALTRIA GROUPhistory →COM1.50%$7M152.1K
33ACTIVISIONCOM1.43%$7M78.1K
34DUKDUKE ENERGYhistory →COM1.26%$6M64.7K
35PSXPHILLIPS 66history →COM1.08%$5M52.0K
36DHRDANAHER CORPhistory →COM1.04%$5M20.0K
37IFFINT'L FLVRS/FRAGCOM0.79%$4M45.7K
382024 ISHARES IBONDS ETFETF0.48%$2M89.6K
39SOSOUTHERN COCOM0.47%$2M30.8K
402025 ISHARES IBONDS ETFETF0.43%$2M81.8K
41IBDR2026 ISHARES IBONDS ETFETF0.32%$1M63.3K
42HDHOME DEPOT INCCOM0.27%$1M4.0K
432024 INVESCO BULLETSHARES CORP BOND ETFETF0.22%$1M49.4K
44MRKMERCK & COCOM0.22%$1M8.8K
452023 ISHARES IBONDS ETFETF0.22%$1M39.8K
462027 ISHARES IBONDS ETFETF0.22%$998,00042.5K
47AAPLAPPLE INCCOM0.21%$985,0005.1K
482025 INVESCO BULLETSHARES CORP BOND ETFETF0.18%$839,00041.7K
49GOOGLALPHABET INC CL ACOM0.12%$569,0004.7K
50ABBVABBVIECOM0.11%$513,0003.8K
51WMTWALMART INCCOM0.10%$460,0002.9K
52GISGENERAL MILLSCOM0.09%$404,0005.3K
53ABTABBOTT LABSCOM0.09%$398,0003.6K
54EXMOCEXXON MOBILCOM0.08%$378,0003.5K
55MDLZMONDELEZ INT'LCOM0.08%$365,0005.0K
56LNTALLIANT ENERGYCOM0.07%$315,0006.0K
57BSCQ2026 INVESCO BULLETSHARES CORP BOND ETFETF0.06%$273,00014.4K
58MCDMCDONALDS CORPCOM0.06%$269,000900
59CVXCHEVRONCOM0.05%$232,0001.5K
60IVVISHARES CORE S&P 500 ETFETF0.05%$222,000498
61BSCR2027 INVESCO BULLETSHARES CORP BOND ETFETF0.05%$213,00011.2K
62SFSTIFEL FINANCIALCOM0.04%$206,0003.5K

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 ↗.