SEC 13F Intelligence

Managers / Q2 2024 · view latest →

First Fiduciary Investment Counsel, Inc.

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

Reported Value
$461M
Q2 2024
Positions
64
Filings on Record
30
2019–present window
Filed
Aug 7, 2024
original filing

Summary

First Fiduciary Investment Counsel, Inc. reported $461M in U.S.-listed holdings across 64 positions for Q2 2024.

Its largest position, MSFT, represents 8.2% of the portfolio.

Compared with Q1 2024, the fund opened 1 new position and exited 2.

Portfolio Metrics

Turnover
+5.6%
vs prior filed quarter
Top-10 Concentration
+42.3%
share of reported value
Largest Position
+8.2%
Microsoft
New / Exited
1 / 2
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: 93.2%ADR: 3.3%ETP: 2.5%REIT: 1.0%
  • Common Stock · 93.2% · $430M
  • ADR · 3.3% · $15M
  • ETP · 2.5% · $11M
  • REIT · 1.0% · $5M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2024 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
EQIXEQUINIX INC REITNEW+6.2K6.2K+$5M$5M
MCDMCDONALDS CORPADDED+17.9K18.9K+$5M$5M
NVDANVIDIA CORPADDED+2.8K3.1K+$103,000$381,000
BDXBECTON DICKINSONSOLD OUT−34.4K0−$9M$0
DDDUPONTSOLD OUT−107.1K0−$8M$0
NDAQNASDAQADDED+74.0K156.9K+$4M$9M
PGPROCTER/GAMBLETRIMMED−37.3K60.1K−$6M$10M
DISWALT DISNEY COTRIMMED−40.3K79.4K−$7M$8M

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

Holdings — Q2 2024

63 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1MSFTMICROSOFT CORPhistory →COM8.19%$38M84.5K
2JPMJP MORGANhistory →COM6.46%$30M147.3K
3LOWLOWE'Shistory →COM4.87%$22M102.0K
4HONHONEYWELL INT'Lhistory →COM3.82%$18M82.5K
5BLACKROCKCOM3.37%$16M19.8K
6GSGOLDMAN SACHShistory →COM3.31%$15M33.7K
7NVSNOVARTIS AG ADRhistory →COM3.27%$15M141.6K
8ORCLORACLE CORPhistory →COM3.21%$15M104.8K
9JNJJOHNSON/JOHNSONhistory →COM2.95%$14M93.1K
10CMCSACOMCAST CORPhistory →COM2.84%$13M334.3K
11WMWASTE MGMThistory →COM2.79%$13M60.3K
12ALCALCON INC Fhistory →COM2.71%$12M140.2K
13LMTLOCKHEED MARTINhistory →COM2.69%$12M26.6K
14UPSUPShistory →COM2.54%$12M85.7K
15WTWWILLIS TOWERShistory →COM2.48%$11M43.6K
16KOCOCA-COLAhistory →COM2.31%$11M167.6K
17NEENEXTERA ENERGYhistory →COM2.30%$11M149.6K
18DHRDANAHER CORPhistory →COM2.23%$10M41.1K
19ACNACCENTURE PLChistory →COM2.20%$10M33.4K
20TXNTEXAS INSTR.history →COM2.18%$10M51.7K
21PGPROCTER/GAMBLEhistory →COM2.15%$10M60.1K
22PPGPPG INDUSTRIEShistory →COM2.13%$10M78.1K
23MARMARRIOTT INT'Lhistory →COM2.08%$10M39.6K
24CSCOCISCO SYSTEMShistory →COM2.05%$9M199.1K
25NDAQNASDAQhistory →COM2.05%$9M156.9K
26PEPPEPSICOhistory →COM2.02%$9M56.5K
27PMPHILIP MORRIShistory →COM1.72%$8M78.2K
28DISWALT DISNEY COhistory →COM1.71%$8M79.4K
29SLBSLBhistory →COM1.66%$8M162.8K
30TGTTARGET CORPhistory →COM1.61%$7M50.1K
31PSXPHILLIPS 66history →COM1.58%$7M51.7K
32SBUXSTARBUCKS CORPhistory →COM1.57%$7M93.0K
33PFEPFIZERhistory →COM1.52%$7M250.4K
34UNHUNITEDHEALTHhistory →COM1.10%$5M10.0K
35MCDMCDONALDS CORPhistory →COM1.04%$5M18.9K
36EQIXEQUINIX INC REIThistory →COM1.02%$5M6.2K
37HSYHERSHEY FOODShistory →COM1.00%$5M25.2K
38MDLZMONDELEZ INT'LCOM1.00%$5M70.3K
392025 ISHARES IBONDS ETFETF0.49%$2M91.7K
402024 ISHARES IBONDS ETFETF0.46%$2M83.6K
41IBDR2026 ISHARES IBONDS ETFETF0.38%$2M73.8K
422027 ISHARES IBONDS ETFETF0.30%$1M59.3K
43AAPLAPPLE INCCOM0.25%$1M5.4K
44HDHOME DEPOT INCCOM0.25%$1M3.3K
452024 INVESCO BULLETSHARES CORP BOND ETFETF0.22%$1M48.1K
46IBDT2028 ISHARES IBONDS ETFETF0.21%$952,00038.5K
47MRKMERCK & COCOM0.20%$938,0007.6K
482025 INVESCO BULLETSHARES CORP BOND ETFETF0.19%$877,00042.9K
49ABBVABBVIECOM0.16%$723,0004.2K
50GOOGLALPHABET INC CL ACOM0.15%$686,0003.8K
51WMTWALMART INCCOM0.14%$634,0009.4K
52EXMOCEXXON MOBILCOM0.11%$515,0004.5K
53BSCQ2026 INVESCO BULLETSHARES CORP BOND ETFETF0.10%$459,00023.9K
54SOSOUTHERN COCOM0.09%$393,0005.1K
55ABTABBOTT LABSCOM0.08%$392,0003.8K
56NVDANVIDIA CORPCOM0.08%$381,0003.1K
57GISGENERAL MILLSCOM0.08%$362,0005.7K
58SFSTIFEL FINANCIALCOM0.06%$290,0003.5K
59BSCR2027 INVESCO BULLETSHARES CORP BOND ETFETF0.06%$289,00015.1K
60CVXCHEVRONCOM0.06%$285,0001.8K
61ALLALLSTATECOM0.06%$269,0001.7K
62IVVISHARES CORE S&P 500 ETFETF0.06%$263,000481
63LNTALLIANT ENERGYCOM0.06%$254,0005.0K

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 ↗.