CLIFFORD SWAN INVESTMENT COUNSEL LLC

CIK

1034642

Location

PASADENA, CA

Portfolio Value

Mid $2,786,857,068

Diversification

Diversified

Filing Date

Global Rank

#980 / 8,616 ▼ 2 · as of Mar 2026

Top Industry

Software - Infrastructure 6.2%

3Y Alpha vs SPY

-7.1%

Period ended 4 months ago

Filed May 6, 2026 · 2mo

25 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+44.9%

SPY

+72.4%

Annualised alpha

-6.8%

Max drawdown

−17.3%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

264 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

6.0%

−0.5 pts

Top 5

20.9%

−1.7 pts

Top 10

32.1%

−1.5 pts

HHI

173

Diversified−17

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Technology	23.8%	$664,429,858	39
Industrials	16.7%	$465,043,305	46
Healthcare	12.9%	$358,896,093	29
Consumer Defensive	9.3%	$260,390,197	24
Consumer Cyclical	9.3%	$257,988,110	24
Financial Services	9.2%	$257,738,488	33
Energy	6.4%	$177,513,454	16
Communication Services	5.6%	$155,993,856	10
Basic Materials	4.1%	$114,313,940	15
Unclassified	1.8%	$49,576,236	7
Real Estate	0.5%	$13,277,182	7
Utilities	0.4%	$11,696,349	14

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
ZTS	Zoetis Inc.	+79,463	148,151	$17,512,929
MDLZ	Mondelez International, Inc.	+51,339	345,672	$19,924,533
OTIS	Otis Worldwide Corp	+49,054	90,992	$7,013,663
KMX	Carmax Inc	+23,486	324,084	$13,475,412
INTU	Intuit Inc.	+13,719	56,751	$24,537,997
SLB	Slb Limited/Nv	+10,260	556,159	$28,581,010
ACN	Accenture plc	+6,863	191,422	$37,957,067
NVO	Novo Nordisk A S	+5,680	324,741	$11,934,231
SPY	Spdr S&P 500 ETF Trust	+4,971	24,384	$15,857,890
PFE	Pfizer Inc	+3,745	489,295	$13,739,403
CTVA	Corteva, Inc.	+3,230	501,539	$41,983,829
BAER	Bridger Aerospace Group Holdings, Inc.	+2,988	15,532	$30,753
AON	Aon plc	+2,785	27,076	$8,739,591
CPAY	Corpay, Inc.	+2,604	48,158	$14,013,495
APA	APA Corp	+2,510	16,930	$718,509
UNP	Union Pacific Corp	+2,489	69,093	$16,763,343
PAYX	Paychex Inc	+2,469	9,639	$887,944
UNH	Unitedhealth Group Inc	+2,468	111,352	$30,130,737
CSX	Csx Corp	+2,314	37,169	$1,525,787
AVGO	Broadcom Inc.	+998	27,189	$8,415,267
KO	Coca Cola Co	+884	118,662	$9,024,245
ADP	Automatic Data Processing Inc	+673	46,796	$9,508,011
MMM	3M Co	+640	41,139	$5,974,616
BKNG	Booking Holdings Inc.	+559	5,268	$887,197
WMB	Williams Companies, Inc.	+550	4,714	$343,084
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
INTC	Intel Corp	−35,594	398,521	$17,586,731
GOOGL	Alphabet Inc.	−21,621	389,695	$112,060,693
SLV	iShares Silver Trust	−21,047	17,881	$1,218,411
Q	Qnity Electronics, Inc.	−20,561	80,583	$9,297,665
AAPL	Apple Inc.	−20,034	657,717	$166,921,996
VZ	Verizon Communications Inc	−19,745	110,895	$5,566,928
ANET	Arista Networks, Inc.	−18,269	514,469	$63,166,503
RTX	RTX Corp	−17,628	207,240	$39,976,595
WFC	Wells Fargo & Company/Mn	−17,047	437,593	$34,836,778
SBUX	Starbucks Corp	−15,229	146,495	$13,124,486
EBAY	Ebay Inc	−11,440	152,235	$13,856,429
FAST	Fastenal Co	−10,798	781,022	$36,239,420
OXY	Occidental Petroleum Corp /De/	−10,798	79,649	$5,177,185
HPE	Hewlett Packard Enterprise Co	−10,000	593,758	$14,137,377
IBIT	iShares Bitcoin Trust ETF	−9,451	7,415	$284,884
QCOM	Qualcomm Inc/De	−9,370	154,670	$19,918,402
IFF	International Flavors & Fragrances Inc	−9,309	130,109	$9,439,407
JCI	Johnson Controls International plc	−8,498	280,272	$36,701,617
BMY	Bristol Myers Squibb Co	−8,028	301,465	$18,283,851
BAC	Bank Of America Corp /De/	−7,302	37,843	$1,844,846
WMT	Walmart Inc.	−7,093	145,454	$18,077,023
CSCO	Cisco Systems, Inc.	−6,909	358,355	$27,804,764
ORCL	Oracle Corp	−6,292	242,153	$35,623,127
XOM	ExxonMobil Holdings Corp	−6,228	289,161	$49,059,055
DD	DuPont de Nemours, Inc.	−6,209	202,334	$27,800,691
No positions match the current search.

New Positions

Positions the filer opened this quarter

10 positions

Ticker	Company	Shares	Value
VRSK	Verisk Analytics, Inc.	2,604	$494,109
AMAT	Applied Materials Inc /De	1,184	$404,679
STX	Seagate Technology Holdings plc	647	$253,468
CI	Cigna Group	848	$226,204
WAT	Waters Corp /De/	742	$220,967
ATMU	Atmus Filtration Technologies Inc.	3,835	$217,712
JBL	Jabil Inc	800	$212,504
AZN	Astrazeneca PLC	1,034	$203,925
EXR	Extra Space Storage Inc.	1,527	$200,235
KLAC	Kla Corp	163	$24,000
No positions match the current search.

Sold Out

Positions the filer fully exited

6 positions

Ticker	Company	Shares	Value
ADBE	Adobe Inc.	780	$272,991
ICLR	Icon PLC	1,360	$247,819
CRM	Salesforce, Inc.	929	$246,101
LNC	Lincoln National Corp	5,123	$228,127
CPB	CAMPBELL'S Co	8,140	$226,861
AVAV	AeroVironment Inc	900	$217,701
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

264 positions · $2,786,857,068 total · as of Mar 31, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 264 positions by value · page 1 of 6

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
AAPL	Apple Inc. Technology	Reduced	657,717	-20,034	$166,921,996	−9.4%	5.99%
GOOGL	Alphabet Inc. Communication Services	Reduced	389,695	-21,621	$112,060,693	−13.0%	4.02%
MSFT	Microsoft Corp Technology	Reduced	300,292	-2,800	$111,159,089	−24.2%	3.99%
COST	Costco Wholesale Corp /New Consumer Defensive	Reduced	97,796	-1,718	$97,446,868	+13.6%	3.50%
UPS	United Parcel Service Inc Industrials	Reduced	967,814	-2,774	$95,213,540	−1.1%	3.42%
BRK-B	Berkshire Hathaway Inc Financial Services	Reduced	164,505	-1,506	$78,830,796	−5.5%	2.83%
CVX	Chevron Corp Energy	Reduced	311,474	-2,169	$64,443,969	+34.8%	2.31%
ANET	Arista Networks, Inc. Technology	Reduced	514,469	-18,269	$63,166,503	−9.5%	2.27%
JPM	Jpmorgan Chase & Co Financial Services	Reduced	177,945	-3,047	$52,344,301	−10.2%	1.88%
JNJ	Johnson & Johnson Healthcare	Reduced	211,196	-3,553	$51,624,750	+16.2%	1.85%
XOM	ExxonMobil Holdings Corp Energy	Reduced	289,161	-6,228	$49,059,055	+38.0%	1.76%
LOW	Lowes Companies Inc Consumer Cyclical	Reduced	193,222	-2,846	$45,654,493	−3.4%	1.64%
CTVA	Corteva, Inc. Basic Materials	Added	501,539	+3,230	$41,983,829	+25.7%	1.51%
RTX	RTX Corp Industrials	Reduced	207,240	-17,628	$39,976,595	−3.1%	1.43%
ALSN	Allison Transmission Holdings Inc Consumer Cyclical	Reduced	329,022	-5,505	$38,515,314	+17.6%	1.38%
ACN	Accenture plc Technology	Added	191,422	+6,863	$37,957,067	−23.3%	1.36%
AMZN	Amazon Com Inc Consumer Cyclical	Reduced	179,200	-2,640	$37,321,983	−11.1%	1.34%
JCI	Johnson Controls International plc Industrials	Reduced	280,272	-8,498	$36,701,617	+6.1%	1.32%
AXP	American Express Co Financial Services	Reduced	120,569	-3,201	$36,469,710	−20.4%	1.31%
FAST	Fastenal Co Industrials	Reduced	781,022	-10,798	$36,239,420	+14.0%	1.30%
ORCL	Oracle Corp Technology	Reduced	242,153	-6,292	$35,623,127	−26.4%	1.28%
WFC	Wells Fargo & Company/Mn Financial Services	Reduced	437,593	-17,047	$34,836,778	−17.8%	1.25%
EMR	Emerson Electric Co Industrials	Reduced	246,310	-5,238	$32,271,536	−3.3%	1.16%
ABBV	AbbVie Inc. Healthcare	Reduced	146,672	-1,971	$31,899,692	−6.1%	1.14%
MCK	Mckesson Corp Healthcare	Reduced	36,643	-2,111	$31,709,385	−0.3%	1.14%
UNH	Unitedhealth Group Inc Healthcare	Added	111,352	+2,468	$30,130,737	−16.2%	1.08%
GLD	Spdr Gold Trust	Reduced	68,511	-5,716	$29,479,597	+0.2%	1.06%
SLB	Slb Limited/Nv Energy	Added	556,159	+10,260	$28,581,010	+36.4%	1.03%
TSCO	Tractor Supply Co /De/ Consumer Cyclical	Reduced	624,857	-4,824	$28,306,022	−10.1%	1.02%
CSCO	Cisco Systems, Inc. Technology	Reduced	358,355	-6,909	$27,804,764	−1.2%	1.00%
DD	DuPont de Nemours, Inc. Basic Materials	Reduced	202,334	-6,209	$27,800,691	+10.5%	1.00%
LH	Labcorp Holdings Inc. Healthcare	Reduced	103,217	-1,136	$27,539,327	+5.2%	0.99%
CAT	Caterpillar Inc Industrials	Added	37,800	+140	$26,779,788	+24.1%	0.96%
SYK	Stryker Corp Healthcare	Reduced	78,754	-454	$25,877,776	−7.0%	0.93%
INTU	Intuit Inc. Technology	Added	56,751	+13,719	$24,537,997	−13.9%	0.88%
MCD	Mcdonalds Corp Consumer Cyclical	Reduced	77,783	-712	$24,174,178	+0.8%	0.87%
PEP	Pepsico Inc Consumer Defensive	Added	153,540	+323	$23,843,226	+8.4%	0.86%
PH	Parker-Hannifin Corp Industrials	Reduced	26,562	-100	$23,779,364	+1.5%	0.85%
KEYS	Keysight Technologies, Inc. Technology	Reduced	80,302	-2,125	$22,674,875	+35.4%	0.81%
ENTG	Entegris Inc Technology	Reduced	191,212	-6,095	$22,417,694	+34.9%	0.80%
PG	PROCTER & GAMBLE Co Consumer Defensive	Reduced	145,453	-2,178	$21,009,231	−0.7%	0.75%
ABT	Abbott Laboratories Healthcare	Reduced	201,299	-3,326	$20,667,367	−19.4%	0.74%
ALB	Albemarle Corp Basic Materials	Reduced	114,365	-2,900	$20,531,948	+23.8%	0.74%
EW	Edwards Lifesciences Corp Healthcare	Reduced	250,452	-1,103	$20,056,196	−6.5%	0.72%
MDLZ	Mondelez International, Inc. Consumer Defensive	Added	345,672	+51,339	$19,924,533	+25.8%	0.71%
QCOM	Qualcomm Inc/De Technology	Reduced	154,670	-9,370	$19,918,402	−29.0%	0.71%
SYY	Sysco Corp Consumer Defensive	Reduced	273,240	-474	$19,490,209	−3.4%	0.70%
BMY	Bristol Myers Squibb Co Healthcare	Reduced	301,465	-8,028	$18,283,851	+9.5%	0.66%
WMT	Walmart Inc. Consumer Defensive	Reduced	145,454	-7,093	$18,077,023	+6.4%	0.65%
META	Meta Platforms, Inc. Communication Services	Reduced	31,284	-2,025	$17,898,514	−18.6%	0.64%