SEC 13F Intelligence

Managers / Q3 2023 · view latest →

First Fiduciary Investment Counsel, Inc.

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

Reported Value
$426M
Q3 2023
Positions
61
Filings on Record
29
2019–present window
Filed
Nov 7, 2023
original filing

Summary

First Fiduciary Investment Counsel, Inc. reported $426M in U.S.-listed holdings across 61 positions for Q3 2023.

Its largest position, MSFT, represents 6.9% of the portfolio.

Compared with Q2 2023, the fund opened 1 new position and exited 3.

Portfolio Metrics

Turnover
+3.9%
vs prior filed quarter
Top-10 Concentration
+42.4%
share of reported value
Largest Position
+6.9%
Microsoft
New / Exited
1 / 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: 94.1%ADR: 3.5%ETP: 2.2%Other: 0.2%
  • Common Stock · 94.1% · $401M
  • ADR · 3.5% · $15M
  • ETP · 2.2% · $9M
  • Other · 0.2% · $992,000

Quarter-over-Quarter Changes full breakdown →

vs Q2 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
NEENEXTERA ENERGYNEW+132.8K132.8K+$8M$8M
ACTIVISIONSOLD OUT−78.1K0−$7M$0
DUKDUKE ENERGYSOLD OUT−64.7K0−$6M$0
IFFINT'L FLVRS/FRAGSOLD OUT−45.7K0−$4M$0
DHRDANAHER CORPADDED+16.9K36.9K+$4M$9M
SOSOUTHERN COTRIMMED−24.0K6.8K−$2M$443,000
BLACKROCKADDED+4.1K18.5K+$2M$12M
CVXCHEVRONADDED+3501.8K+$75,000$307,000

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

Holdings — Q3 2023

60 positions (from 61 filing rows — )
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1MSFTMICROSOFT CORPhistory →COM6.93%$30M93.4K
2LOWLOWE'S COMPANIEShistory →COM5.96%$25M122.3K
3JPMJP MORGAN CHASEhistory →COM5.30%$23M155.7K
4CMCSACOMCAST CORPhistory →COM3.64%$16M350.1K
5HONHONEYWELL INT'Lhistory →COM3.59%$15M82.8K
6NVSNOVARTIS AG ADRhistory →COM3.48%$15M145.7K
7PGPROCTER & GAMBLEhistory →COM3.47%$15M101.3K
8JNJJOHNSON & JOHNSONhistory →COM3.41%$15M93.3K
9PEPPEPSICOhistory →COM3.33%$14M83.8K
10CSCOCISCO SYSTEMShistory →COM3.24%$14M256.6K
11UPSUPShistory →COM3.17%$14M86.8K
12BLACKROCKCOM2.81%$12M18.5K
13ORCLORACLE CORPhistory →COM2.74%$12M110.3K
14ALCALCON INC Fhistory →COM2.63%$11M145.6K
15ACNACCENTURE PLChistory →COM2.52%$11M34.9K
16DISWALT DISNEY COhistory →COM2.50%$11M131.5K
17PPGPPG INDUSTRIEShistory →COM2.44%$10M80.0K
18JCIJOHNSON CONTROLShistory →COM2.34%$10M187.1K
19KOCOCA-COLAhistory →COM2.24%$10M170.6K
20WMWASTE MGMThistory →COM2.19%$9M61.3K
21DHRDANAHER CORPhistory →COM2.15%$9M36.9K
22BDXBECTON DICKINSONhistory →COM2.15%$9M35.4K
23WTWWILLIS TOWERShistory →COM2.13%$9M43.4K
24DDDUPONThistory →COM2.12%$9M121.1K
25PFEPFIZERhistory →COM2.07%$9M265.8K
26SBUXSTARBUCKS CORPhistory →COM1.98%$8M92.6K
27TXNTEXAS INSTR.history →COM1.97%$8M52.9K
28SLBSLBhistory →COM1.88%$8M137.4K
29NEENEXTERA ENERGYhistory →COM1.79%$8M132.8K
30LMTLOCKHEED MARTINhistory →COM1.78%$8M18.5K
31MARMARRIOTT INT'Lhistory →COM1.76%$8M38.2K
32PMPHILIP MORRIShistory →COM1.66%$7M76.4K
33MOALTRIA GROUPhistory →COM1.54%$7M156.1K
34PSXPHILLIPS 66history →COM1.45%$6M51.3K
35TGTTARGET CORPhistory →COM1.44%$6M55.4K
362024 ISHARES IBONDS ETFETF0.52%$2M89.7K
372025 ISHARES IBONDS ETFETF0.47%$2M82.5K
38IBDR2026 ISHARES IBONDS ETFETF0.35%$1M63.9K
39HDHOME DEPOT INCCOM0.25%$1M3.5K
402027 ISHARES IBONDS ETFETF0.23%$999,00043.2K
412024 INVESCO BULLETSHARES CORP BOND ETFETF0.23%$999,00048.3K
422023 ISHARES IBONDS ETFETF0.23%$992,00039.1K
43MRKMERCK & COCOM0.21%$907,0008.8K
44AAPLAPPLE INCCOM0.20%$863,0005.0K
452025 INVESCO BULLETSHARES CORP BOND ETFETF0.20%$838,00041.7K
46GOOGLALPHABET INC CL ACOM0.15%$627,0004.8K
47ABBVABBVIECOM0.15%$624,0004.2K
48WMTWALMART INCCOM0.11%$486,0003.0K
49EXMOCEXXON MOBILCOM0.11%$467,0004.0K
50SOSOUTHERN COCOM0.10%$443,0006.8K
51ABTABBOTT LABSCOM0.08%$356,0003.7K
52MDLZMONDELEZ INT'LCOM0.08%$350,0005.0K
53GISGENERAL MILLSCOM0.08%$337,0005.3K
54CVXCHEVRONCOM0.07%$307,0001.8K
55LNTALLIANT ENERGYCOM0.07%$291,0006.0K
56BSCQ2026 INVESCO BULLETSHARES CORP BOND ETFETF0.06%$271,00014.4K
57MCDMCDONALDS CORPCOM0.06%$237,000900
58SFSTIFEL FINANCIALCOM0.05%$212,0003.5K
59IVVISHARES CORE S&P 500 ETFETF0.05%$212,000493
60BSCR2027 INVESCO BULLETSHARES CORP BOND ETFETF0.05%$209,00011.2K

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 ↗.