CLIFFORD SWAN INVESTMENT COUNSEL LLC

CIK

1034642

Location

PASADENA, CA

Portfolio Value

Micro $95,780,146

Diversification

Diversified

Filing Date

Global Rank

#981 / 8,586 ▼ 3

Top Industry

Software - Infrastructure 6.2%

3Y Alpha vs SPY

-7.9%

Period ended 3 months ago

Filed May 6, 2026 · 41d

25 quarters · since Mar 2020

Clone Performance

Jun 2023–Jun 2026 · vs SPY

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

Cloned portfolio

+45.5%

SPY

+78.1%

Annualised alpha

-7.9%

Max drawdown

−17.2%

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

263 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

32.0%

−1.4 pts

HHI

172

Diversified−17

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Technology	23.8%	$664,830,915	39
Industrials	16.7%	$464,591,959	46
Healthcare	12.9%	$358,896,093	29
Consumer Cyclical	10.0%	$279,280,876	24
Consumer Defensive	9.3%	$260,390,197	24
Financial Services	9.2%	$257,608,260	32
Energy	6.4%	$177,513,454	16
Communication Services	5.6%	$155,993,856	10
Basic Materials	3.4%	$95,780,146	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	$22,179,963
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	Exxon Mobil Corp	−6,228	289,161	$49,059,055
DD	DuPont de Nemours, Inc.	−6,209	202,334	$9,266,897
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
KLAC	Kla Corp	163	$240,002
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
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

15 positions · $95,780,146 total · Basic Materials only · as of Mar 31, 2026

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

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
CTVA	Corteva, Inc. Basic Materials	Added	501,539	+3,230	$41,983,829	+25.7%	43.83%
ALB	Albemarle Corp Basic Materials	Reduced	114,365	-2,900	$20,531,948	+23.8%	21.44%
IFF	International Flavors & Fragrances Inc Basic Materials	Reduced	130,109	-9,309	$9,439,407	+0.5%	9.86%
DD	DuPont de Nemours, Inc. Basic Materials	Reduced	202,334	-6,209	$9,266,897	+10.5%	9.68%
NEU	Newmarket Corp Basic Materials	Held	7,000	0	$4,486,650	−6.7%	4.68%
NUE	Nucor Corp Basic Materials	Added	19,150	+100	$3,238,265	+4.2%	3.38%
ECL	Ecolab Inc. Basic Materials	Held	7,535	0	$2,004,460	+1.3%	2.09%
DOW	Dow Inc. Basic Materials	Reduced	38,636	-2,600	$1,609,189	+66.9%	1.68%
SOLS	Solstice Advanced Materials Inc. Basic Materials	Reduced	12,801	-294	$974,924	+53.3%	1.02%
RS	Reliance, Inc. Basic Materials	Held	2,000	0	$607,840	+5.2%	0.63%
LIN	Linde PLC Basic Materials	Held	1,020	0	$505,675	+16.3%	0.53%
MTX	Minerals Technologies Inc Basic Materials	Held	4,297	0	$304,743	+16.4%	0.32%
FCX	Freeport-Mcmoran Inc Basic Materials	Held	5,000	0	$293,900	+15.7%	0.31%
RIO	Rio Tinto PLC Basic Materials	Held	3,150	0	$293,863	+16.6%	0.31%
PPG	Ppg Industries Inc Basic Materials	Held	2,232	0	$238,556	+4.3%	0.25%