First Fiduciary Investment Counsel, Inc.
Long book
$497.1M
Q1 2026
Positions
66
Top-10 weight
44%
concentration
Last quarter
+7.0%
SPY +14.8%
Turnover
12%
of book per quarter
Strategy in plain words
auto-generated from filingsFirst Fiduciary Investment Counsel, Inc. is a diversified fundamental manager, running a $497.1M US long book across 66 positions.
The portfolio is moderately concentrated (top 10 ≈ 44% of the book). Turnover is modest: positions are typically held for years. Current anchor positions: JPMORGAN CHASE & CO, MICROSOFT CORP, LOWE'S COS INC, JOHNSON & JOHNSON, BLACKROCK INC.
Over the last 9 quarters its long book ran on average 1.7pp per quarter behind the S&P 500, beating the index in 3 of 9 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
-1.4%
Q2 2024
+9.2%
Q3 2024
-2.0%
Q4 2024
-0.3%
Q1 2025
+7.4%
Q2 2025
+3.9%
Q3 2025
+1.9%
Q4 2025
-0.4%
Q1 2026
+7.0%
Sector allocation
Financials 24%
Technology 18%
Healthcare 11%
Industrials 10%
Consumer staples 8%
Consumer discretionary 8%
Utilities 8%
Services media 7%
Long book by quarter
What does First Fiduciary own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| JPM JPMORGAN CHASE & CO | Financials | 121.2K | $35.7M | 7.2% | -4.4% |
| MSFT MICROSOFT CORP | Technology | 74.0K | $27.4M | 5.5% | -2.5% |
| LOW LOWE'S COS INC | Consumer discretionary | 95.5K | $22.6M | 4.5% | -1.0% |
| JNJ JOHNSON & JOHNSON | Healthcare | 91.0K | $22.2M | 4.5% | +2.6% |
| BLK BLACKROCK INC | Financials | 22.5K | $21.7M | 4.4% | -0.8% |
| GS GOLDMAN SACHS GROUP INC | Financials | 23.0K | $19.5M | 3.9% | -22.6% |
| HON HONEYWELL INTERNATIONAL INC | Industrials | 81.5K | $18.4M | 3.7% | -4.5% |
| MAR MARRIOTT INTERNATIONAL -CL A | Services media | 55.5K | $18.1M | 3.6% | -0.2% |
| WM WASTE MANAGEMENT INC | Utilities | 67.2K | $15.4M | 3.1% | +0.3% |
| LMT LOCKHEED MARTIN CORP | Industrials | 25.5K | $15.4M | 3.1% | -1.6% |
| CSCO CISCO SYSTEMS INC | Technology | 182.9K | $14.2M | 2.9% | -0.3% |
| NEE NEXTERA ENERGY INC | Utilities | 150.4K | $14.0M | 2.8% | +0.6% |
| NDAQ NASDAQ INC | Financials | 162.6K | $13.8M | 2.8% | +1.3% |
| KO COCA-COLA CO/THE | Consumer staples | 180.7K | $13.7M | 2.8% | -1.4% |
| DIS WALT DISNEY CO/THE | Services media | 125.3K | $12.1M | 2.4% | -1.0% |
| PM PHILIP MORRIS INTERNATIONAL | Consumer staples | 72.7K | $12.0M | 2.4% | -2.2% |
| GOOGL ALPHABET INC-CL A | Technology | 40.3K | $11.6M | 2.3% | +2.0% |
| UNP UNION PACIFIC CORP | Industrials | 45.6K | $11.1M | 2.2% | +104.5% |
| COF CAPITAL ONE FINANCIAL CORP | Financials | 58.5K | $10.7M | 2.1% | -1.4% |
| MCD MCDONALD'S CORP | Consumer discretionary | 33.7K | $10.5M | 2.1% | -2.5% |
| PSX PHILLIPS 66 | Energy | 55.4K | $10.1M | 2.0% | -1.0% |
| MDLZ MONDELEZ INTERNATIONAL INC-A | Consumer staples | 174.0K | $10.0M | 2.0% | -1.1% |
| TXN TEXAS INSTRUMENTS INC | Technology | 48.1K | $9.3M | 1.9% | +0.1% |
| PG PROCTER & GAMBLE CO/THE | Other | 64.4K | $9.3M | 1.9% | -1.1% |
| ALC ALCON INC | Healthcare | 122.5K | $9.2M | 1.9% | -6.3% |
| AMGN AMGEN INC | Healthcare | 23.6K | $8.3M | 1.7% | +32.0% |
| DHR DANAHER CORP | Technology | 41.1K | $7.8M | 1.6% | -3.0% |
| BX BLACKSTONE INC | Financials | 66.2K | $7.6M | 1.5% | -0.6% |
| ORCL ORACLE CORP | Technology | 51.6K | $7.6M | 1.5% | -0.8% |
| PFE PFIZER INC | Healthcare | 268.2K | $7.5M | 1.5% | -1.9% |
| SLB SLB LTD | Energy | 137.6K | $7.1M | 1.4% | -2.7% |
| SO SOUTHERN CO/THE | Utilities | 65.7K | $6.3M | 1.3% | +1199.2% |
| ACN ACCENTURE PLC-CL A | Services media | 18.2K | $3.6M | 0.7% | +0.4% |
| AAPL APPLE INC | Technology | 6.5K | $1.6M | 0.3% | -17.2% |
| WMT WALMART INC | Consumer discretionary | 9.2K | $1.1M | 0.2% | -1.0% |
| WFC WELLS FARGO & CO | Financials | 10.1K | $802K | 0.2% | Held |
| MRK MERCK & CO. INC. | Healthcare | 6.2K | $748K | 0.2% | -23.4% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 587 | $585K | 0.1% | -10.2% |
| AMZN AMAZON.COM INC | Consumer discretionary | 2.3K | $478K | 0.1% | -11.7% |
| LLY ELI LILLY & CO | Healthcare | 475 | $437K | 0.1% | -5.0% |
| NVDA NVIDIA CORP | Technology | 2.5K | $429K | 0.1% | -9.4% |
| HD HOME DEPOT INC | Consumer discretionary | 1.2K | $407K | 0.1% | -65.0% |
| XOM EXXON MOBIL CORP | Energy | 2.4K | $404K | 0.1% | -49.1% |
| SF STIFEL FINANCIAL CORP | Financials | 5.2K | $383K | 0.1% | +50.0% |
| GOOG ALPHABET INC-CL C | Technology | 1.3K | $382K | 0.1% | -50.6% |
| AXP AMERICAN EXPRESS CO | Financials | 1.2K | $374K | 0.1% | -7.3% |
| PEP PEPSICO INC | Consumer staples | 2.3K | $351K | 0.1% | Held |
| ABBV ABBVIE INC | Healthcare | 1.2K | $253K | 0.1% | -72.0% |
| SBUX STARBUCKS CORP | Consumer discretionary | 2.7K | $242K | 0.0% | -8.7% |
| CAT CATERPILLAR INC | Industrials | 300 | $213K | 0.0% | New |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 1, 2026 | 66 | $497.1M | $K fixed canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 30, 2026 | 71 | $515.9M | $K fixed canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 5, 2025 | 73 | $513.7M | $K fixed canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 24, 2025 | 71 | $504.4M | $K fixed canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 25, 2025 | 68 | $466.1M | $K fixed canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 29, 2025 | 66 | $491.7M | $K fixed canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 1, 2024 | 68 | $499.4M | $K fixed canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 7, 2024 | 64 | $461.4M | $K fixed canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Apr 24, 2024 | 65 | $482.2M | $K fixed canonical | SEC ↗ |
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