SEC 13F Intelligence

Managers / Q4 2024 · view latest →

First Fiduciary Investment Counsel, Inc.

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

Reported Value
$492M
Q4 2024
Positions
66
Filings on Record
29
2019–present window
Filed
Jan 29, 2025
original filing

Summary

First Fiduciary Investment Counsel, Inc. reported $492M in U.S.-listed holdings across 66 positions for Q4 2024.

Its largest position, MSFT, represents 7.2% of the portfolio.

Compared with Q3 2024, the fund opened 2 new positions and exited 4.

Portfolio Metrics

Turnover
+6.4%
vs prior filed quarter
Top-10 Concentration
+43.0%
share of reported value
Largest Position
+7.2%
Microsoft
New / Exited
2 / 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: 93.5%ADR: 2.8%ETP: 2.3%REIT: 1.3%
  • Common Stock · 93.5% · $460M
  • ADR · 2.8% · $14M
  • ETP · 2.3% · $11M
  • REIT · 1.3% · $6M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2024 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
IBDU2029 ISHARES IBONDS ETFNEW+40.7K40.7K+$928,000$928,000
BSCT2029 INVESCO BULLETSHARES CORP BOND ETFNEW+11.6K11.6K+$213,000$213,000
TGTTARGET CORPSOLD OUT−49.7K0−$8M$0
2024 ISHARES IBONDS ETFSOLD OUT−79.7K0−$2M$0
2024 INVESCO BULLETSHARES CORP BOND ETFSOLD OUT−46.8K0−$987,000$0
VWENXVANGUARD WELLINGTON FUND ADMSOLD OUT−3.1K0−$251,000$0
BSCR2027 INVESCO BULLETSHARES CORP BOND ETFADDED+15.1K32.2K+$290,000$627,000
MCDMCDONALDS CORPADDED+15.5K34.5K+$4M$10M

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

Holdings — Q4 2024

65 positions (from 66 filing rows — )
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1MSFTMICROSOFT CORPhistory →COM7.18%$35M83.7K
2JPMJP MORGANhistory →COM7.00%$34M143.5K
3LOWLOWE'Shistory →COM4.99%$25M99.4K
4BLKBLACKROCKhistory →COM4.06%$20M19.5K
5GSGOLDMAN SACHShistory →COM3.91%$19M33.6K
6HONHONEYWELL INT'Lhistory →COM3.89%$19M84.6K
7ORCLORACLE CORPhistory →COM3.31%$16M97.8K
8MARMARRIOTT INT'Lhistory →COM3.09%$15M54.5K
9WTWWILLIS TOWERShistory →COM2.81%$14M44.2K
10NVSNOVARTIS AG ADRhistory →COM2.81%$14M142.1K
11JNJJOHNSON/JOHNSONhistory →COM2.81%$14M95.5K
12LMTLOCKHEED MARTINhistory →COM2.64%$13M26.7K
13NDAQNASDAQhistory →COM2.63%$13M167.2K
14WMWASTE MGMThistory →COM2.54%$13M62.0K
15ALCALCON INC Fhistory →COM2.40%$12M139.0K
16CMCSACOMCAST CORPhistory →COM2.35%$12M307.5K
17ACNACCENTURE PLChistory →COM2.34%$12M32.7K
18CSCOCISCO SYSTEMShistory →COM2.33%$11M193.8K
19KOCOCA-COLAhistory →COM2.28%$11M180.2K
20NEENEXTERA ENERGYhistory →COM2.19%$11M150.5K
21UPSUPShistory →COM2.16%$11M84.2K
22COFCAPITAL ONEhistory →COM2.10%$10M58.0K
23DISWALT DISNEY COhistory →COM2.09%$10M92.5K
24PGPROCTER/GAMBLEhistory →COM2.09%$10M61.3K
25MCDMCDONALDS CORPhistory →COM2.03%$10M34.5K
26DHRDANAHER CORPhistory →COM2.00%$10M42.8K
27TXNTEXAS INSTR.history →COM1.98%$10M52.0K
28PMPHILIP MORRIShistory →COM1.93%$9M78.7K
29PPGPPG INDUSTRIEShistory →COM1.83%$9M75.2K
30UNHUNITEDHEALTHhistory →COM1.78%$9M17.3K
31SBUXSTARBUCKS CORPhistory →COM1.71%$8M92.3K
32EQIXEQUINIX INC REIThistory →COM1.30%$6M6.8K
33PSXPHILLIPS 66history →COM1.26%$6M54.5K
34SLBSLBhistory →COM1.25%$6M160.5K
35PFEPFIZERhistory →COM1.03%$5M191.3K
36HSYHERSHEY FOODSCOM0.89%$4M25.8K
37MDLZMONDELEZ INT'LCOM0.64%$3M53.0K
382025 ISHARES IBONDS ETFETF0.47%$2M91.4K
39IBDR2026 ISHARES IBONDS ETFETF0.40%$2M81.0K
402027 ISHARES IBONDS ETFETF0.34%$2M70.1K
41IBDT2028 ISHARES IBONDS ETFETF0.31%$2M60.8K
42AAPLAPPLE INCCOM0.29%$1M5.7K
43HDHOME DEPOT INCCOM0.25%$1M3.2K
442025 INVESCO BULLETSHARES CORP BOND ETFETF0.20%$981,00047.5K
45IBDU2029 ISHARES IBONDS ETFETF0.19%$928,00040.7K
46WMTWALMART INCCOM0.17%$845,0009.4K
47MRKMERCK & COCOM0.15%$753,0007.6K
48GOOGLALPHABET INC CL ACOM0.15%$751,0004.0K
49ABBVABBVIECOM0.15%$749,0004.2K
50BSCQ2026 INVESCO BULLETSHARES CORP BOND ETFETF0.14%$668,00034.4K
51BSCR2027 INVESCO BULLETSHARES CORP BOND ETFETF0.13%$627,00032.2K
52EXMOCEXXON MOBILCOM0.10%$481,0004.5K
53WFCWELLS FARGOCOM0.10%$469,0006.7K
54ABTABBOTT LABSCOM0.09%$427,0003.8K
55SOSOUTHERN COCOM0.08%$417,0005.1K
56NVDANVIDIA CORPCOM0.08%$392,0002.9K
57SFSTIFEL FINANCIALCOM0.07%$366,0003.5K
58GISGENERAL MILLSCOM0.07%$365,0005.7K
59BSCS2028 INVESCO BULLETSHARES CORP BOND ETFETF0.07%$347,00017.2K
60ALLALLSTATECOM0.07%$325,0001.7K
61PEPPEPSICOCOM0.06%$298,0002.0K
62LNTALLIANT ENERGYCOM0.06%$296,0005.0K
63IVVISHARES CORE S&P 500 ETFETF0.06%$285,000485
64CVXCHEVRONCOM0.05%$264,0001.8K
65BSCT2029 INVESCO BULLETSHARES CORP BOND ETFETF0.04%$213,00011.6K

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 ↗.