CLIFFORD SWAN INVESTMENT COUNSEL LLC
Long book
$2.94B
Q1 2026
Positions
332
Top-10 weight
30%
concentration
Last quarter
+9.3%
SPY +14.8%
Turnover
7%
of book per quarter
Strategy in plain words
auto-generated from filingsCLIFFORD SWAN INVESTMENT COUNSEL LLC is an institutional manager, running a $2.94B US long book across 332 positions.
The portfolio is moderately concentrated (top 10 ≈ 30% of the book). The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: APPLE INC, ALPHABET INC-CL A, MICROSOFT CORP, COSTCO WHOLESALE CORP, UNITED PARCEL SERVICE-CL B.
Over the last 9 quarters its long book ran on average 1.3pp per quarter behind the S&P 500, beating the index in 3 of 9 quarters. Signal value of individual moves is limited — treat changes as weak evidence.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+1.0%
Q2 2024
+6.4%
Q3 2024
+0.2%
Q4 2024
-2.2%
Q1 2025
+5.1%
Q2 2025
+6.8%
Q3 2025
+2.2%
Q4 2025
-0.6%
Q1 2026
+9.3%
Sector allocation
Technology 28%
Industrials 16%
Consumer discretionary 15%
Financials 10%
Healthcare 10%
Energy 6%
Consumer staples 5%
Services media 4%
Long book by quarter
What does CLIFFORD SWAN own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| AAPL APPLE INC | Technology | 657.7K | $166.9M | 5.7% | -3.0% |
| GOOGL ALPHABET INC-CL A | Technology | 389.7K | $112.1M | 3.8% | -5.3% |
| MSFT MICROSOFT CORP | Technology | 300.3K | $111.2M | 3.8% | -0.9% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 97.8K | $97.4M | 3.3% | -1.7% |
| UPS UNITED PARCEL SERVICE-CL B | Industrials | 967.8K | $95.2M | 3.2% | -0.3% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 164.5K | $78.8M | 2.7% | -0.9% |
| CVX CHEVRON CORP | Energy | 311.5K | $64.4M | 2.2% | -0.7% |
| ANET ARISTA NETWORKS INC | Technology | 514.5K | $63.2M | 2.1% | -3.4% |
| JPM JPMORGAN CHASE & CO | Financials | 177.9K | $52.3M | 1.8% | -1.7% |
| JNJ JOHNSON & JOHNSON | Healthcare | 211.2K | $51.6M | 1.8% | -1.7% |
| XOM EXXON MOBIL CORP | Energy | 289.2K | $49.1M | 1.7% | -2.1% |
| LOW LOWE'S COS INC | Consumer discretionary | 193.2K | $45.7M | 1.6% | -1.5% |
| CTVA CORTEVA INC | Consumer staples | 501.5K | $42.0M | 1.4% | +0.6% |
| RTX RTX CORP | Industrials | 207.2K | $40.0M | 1.4% | -7.8% |
| ALSN ALLISON TRANSMISSION HOLDING | Industrials | 329.0K | $38.5M | 1.3% | -1.6% |
| GOOG ALPHABET INC-CL C | Technology | 133.5K | $38.3M | 1.3% | -14.2% |
| ACN ACCENTURE PLC-CL A | Services media | 191.4K | $38.0M | 1.3% | +3.7% |
| AMZN AMAZON.COM INC | Consumer discretionary | 179.2K | $37.3M | 1.3% | -1.5% |
| JCI JOHNSON CONTROLS INTERNATION | Industrials | 280.3K | $36.7M | 1.2% | -2.9% |
| AXP AMERICAN EXPRESS CO | Financials | 120.6K | $36.5M | 1.2% | -2.6% |
| FAST FASTENAL CO | Consumer discretionary | 781.0K | $36.2M | 1.2% | -1.4% |
| ORCL ORACLE CORP | Technology | 242.2K | $35.6M | 1.2% | -2.5% |
| WFC WELLS FARGO & CO | Financials | 437.6K | $34.8M | 1.2% | -3.7% |
| EMR EMERSON ELECTRIC CO | Industrials | 246.3K | $32.3M | 1.1% | -2.1% |
| ABBV ABBVIE INC | Healthcare | 146.7K | $31.9M | 1.1% | -1.3% |
| MCK MCKESSON CORP | Consumer discretionary | 36.6K | $31.7M | 1.1% | -5.4% |
| UNH UNITEDHEALTH GROUP INC | Financials | 111.4K | $30.1M | 1.0% | +2.3% |
| SLB SLB LTD | Energy | 556.2K | $28.6M | 1.0% | +1.9% |
| TSCO TRACTOR SUPPLY COMPANY | Consumer discretionary | 624.9K | $28.3M | 1.0% | -0.8% |
| CSCO CISCO SYSTEMS INC | Technology | 358.4K | $27.8M | 0.9% | -1.9% |
| LH LABCORP HOLDINGS INC | Healthcare | 103.2K | $27.5M | 0.9% | -1.1% |
| CAT CATERPILLAR INC | Industrials | 37.8K | $26.8M | 0.9% | +0.4% |
| SYK STRYKER CORP | Healthcare | 78.8K | $25.9M | 0.9% | -0.6% |
| INTU INTUIT INC | Technology | 56.8K | $24.5M | 0.8% | +31.9% |
| MCD MCDONALD'S CORP | Consumer discretionary | 77.8K | $24.2M | 0.8% | -0.9% |
| PEP PEPSICO INC | Consumer staples | 153.5K | $23.8M | 0.8% | +0.2% |
| PH PARKER HANNIFIN CORP | Industrials | 26.6K | $23.8M | 0.8% | -0.4% |
| KEYS KEYSIGHT TECHNOLOGIES IN | Technology | 80.3K | $22.7M | 0.8% | -2.6% |
| ENTG ENTEGRIS INC | Other | 191.2K | $22.4M | 0.8% | -3.1% |
| BKNG BOOKING HOLDINGS INC | Industrials | 5.3K | $22.2M | 0.8% | +11.9% |
| PG PROCTER & GAMBLE CO/THE | Other | 145.5K | $21.0M | 0.7% | -1.5% |
| ABT ABBOTT LABORATORIES | Healthcare | 201.3K | $20.7M | 0.7% | -1.6% |
| ALB ALBEMARLE CORP | Materials | 114.4K | $20.5M | 0.7% | -2.5% |
| EW EDWARDS LIFESCIENCES CORP | Healthcare | 250.5K | $20.1M | 0.7% | -0.4% |
| MDLZ MONDELEZ INTERNATIONAL INC-A | Consumer staples | 345.7K | $19.9M | 0.7% | +17.4% |
| QCOM QUALCOMM INC | Technology | 154.7K | $19.9M | 0.7% | -5.7% |
| SYY SYSCO CORP | Consumer discretionary | 273.2K | $19.5M | 0.7% | -0.2% |
| BMY BRISTOL-MYERS SQUIBB CO | Healthcare | 301.5K | $18.3M | 0.6% | -2.6% |
| WMT WALMART INC | Consumer discretionary | 145.5K | $18.1M | 0.6% | -4.6% |
| META META PLATFORMS INC-CLASS A | Technology | 31.3K | $17.9M | 0.6% | -6.1% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 6, 2026 | 401 | $2.94B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 11, 2026 | 392 | $9.01B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 12, 2025 | 390 | $3.00B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 30, 2025 | 387 | $2.83B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 6, 2025 | 384 | $2.70B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 5, 2025 | 306 | $2.78B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 338 | $2.82B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 7, 2024 | 321 | $2.67B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Apr 17, 2024 | 325 | $2.69B | canonical | SEC ↗ |
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