JOHNSON INVESTMENT COUNSEL INC

CIK

821197

Location

Cincinnati, OH

Portfolio Value

Mid $8,173,340,175

Diversification

Diversified

Filing Date

Global Rank

#477 / 8,605 — · as of Mar 2026

Top Industry

Consumer Electronics 5.8%

3Y Alpha vs SPY

-6.4%

Period ended 3 months ago

Filed May 4, 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

+48.7%

SPY

+75.5%

Annualised alpha

-6.5%

Max drawdown

−15.2%

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

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

Top Position

5.7%

−0.3 pts

Top 5

20.1%

−1.5 pts

Top 10

31.0%

−1.0 pts

HHI

172

Diversified−11

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Technology	22.3%	$1,824,316,565	89
Financial Services	18.7%	$1,530,755,203	100
Industrials	11.9%	$975,084,382	86
Healthcare	9.7%	$795,454,375	66
Consumer Defensive	9.6%	$785,308,089	27
Consumer Cyclical	9.4%	$770,440,933	48
Energy	5.9%	$479,356,553	33
Communication Services	4.5%	$369,467,859	13
Utilities	4.1%	$335,484,805	33
Unclassified	2.6%	$210,038,629	15
Basic Materials	0.9%	$75,120,227	30
Real Estate	0.3%	$22,512,555	15

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
LH	Labcorp Holdings Inc.	+198,542	199,554	$53,243,002
AVGO	Broadcom Inc.	+183,922	352,826	$109,203,175
CMG	Chipotle Mexican Grill Inc	+172,482	1,316,722	$42,148,271
NOW	ServiceNow, Inc.	+128,018	169,682	$17,740,253
UMBF	Umb Financial Corp	+120,831	482,949	$54,471,817
CCC	CCC Intelligent Solutions Holdings Inc.	+96,024	408,343	$2,450,058
CL	Colgate Palmolive Co	+61,899	642,952	$54,798,798
CINF	Cincinnati Financial Corp	+49,884	1,453,793	$228,754,328
ABT	Abbott Laboratories	+36,779	1,022,743	$105,005,023
V	Visa Inc.	+25,077	444,660	$134,394,038
AMZN	Amazon Com Inc	+24,726	955,261	$198,952,208
MSFT	Microsoft Corp	+24,250	852,480	$315,562,521
DT	Dynatrace, Inc.	+21,735	111,060	$4,106,998
BSY	Bentley Systems Inc	+20,041	81,109	$2,848,548
NVDA	Nvidia Corp	+16,115	446,373	$77,847,451
CNM	Core & Main, Inc.	+15,460	58,530	$2,891,382
VZ	Verizon Communications Inc	+14,965	94,538	$4,745,807
DHR	Danaher Corp /De/	+13,684	670,423	$127,112,200
ODFL	Old Dominion Freight Line, Inc.	+13,157	23,803	$4,651,106
USB	US Bancorp De	+12,491	526,955	$27,406,929
GLOB	Globant S.A.	+12,396	22,027	$1,015,664
CCL	Carnival Corp Ltd.	+9,471	17,092	$442,340
GPC	Genuine Parts Co	+9,093	303,063	$32,048,912
FICO	Fair Isaac Corp	+9,046	10,149	$10,834,463
MA	Mastercard Inc	+8,630	290,453	$145,127,745
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
LNT	Alliant Energy Corp	−292,379	1,686,020	$120,988,795
FHN	First Horizon Corp	−223,498	2,200,797	$50,090,139
WMB	Williams Companies, Inc.	−150,376	2,898,359	$210,942,568
CVX	Chevron Corp	−135,553	643,348	$133,108,701
PG	PROCTER & GAMBLE Co	−122,821	2,192,299	$316,655,667
KO	Coca Cola Co	−68,478	1,424,982	$108,369,881
ADBE	Adobe Inc.	−58,000	39,309	$9,555,231
AM	Antero Midstream Corp	−46,630	125,463	$2,860,556
CNQ	CANADIAN NATURAL RESOURCES Ltd	−44,845	4,380	$213,437
APH	Amphenol Corp /De/	−43,289	1,008,580	$127,434,083
ROP	Roper Technologies Inc	−39,033	113,496	$40,161,694
CPRT	Copart Inc	−37,441	14,052	$466,526
GOOGL	Alphabet Inc.	−34,910	1,102,555	$317,050,715
ZTS	Zoetis Inc.	−27,471	401,360	$47,444,765
NDSN	Nordson Corp	−27,235	306,287	$81,490,719
ADI	Analog Devices Inc	−27,108	398,191	$126,680,484
NVT	nVent Electric plc	−26,922	1,557,178	$184,183,013
AAPL	Apple Inc.	−26,580	1,834,364	$465,543,239
AFG	American Financial Group Inc	−23,752	454,723	$58,072,674
APO	Apollo Global Management, Inc.	−23,466	420,594	$46,862,583
ASML	Asml Holding NV	−23,364	72,872	$96,251,523
TSM	Taiwan Semiconductor Manufacturing Co Ltd	−22,507	359,003	$121,325,063
ESI	Element Solutions Inc	−21,801	97,101	$3,315,028
NYT	New York Times Co	−19,710	15,205	$1,273,114
WKC	World Kinect Corp	−18,958	91,518	$2,111,320
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
PHYS	Sprott Physical Gold Trust	456,672	$16,184,455
GLD	Spdr Gold Trust	22,679	$9,758,546
PSLV	Sprott Physical Silver Trust	156,550	$3,818,254
IBIT	iShares Bitcoin Trust ETF	90,446	$3,474,935
IAU	Ishares Gold Trust	32,061	$2,826,497
CEF	Sprott Physical Gold & Silver Trust	58,895	$2,810,469
HALO	Halozyme Therapeutics, Inc.	36,787	$2,377,543
PJT	PJT Partners Inc.	16,035	$2,240,410
QGEN	Qiagen N.V.	54,916	$2,198,836
SLV	iShares Silver Trust	31,893	$2,173,189
GPI	Group 1 Automotive Inc	6,430	$2,125,950
SARO	StandardAero, Inc.	79,454	$2,052,296
EPD	Enterprise Products Partners L.P.	47,180	$1,785,291
FBTC	Fidelity Wise Origin Bitcoin Fund	28,623	$1,689,615
MPLX	Mplx LP	26,278	$1,499,685
GSG	iShares S&P GSCI Commodity-Indexed Trust	38,865	$1,253,396
IDA	Idacorp Inc	7,147	$1,021,806
AZN	Astrazeneca PLC	4,322	$852,384
ET	Energy Transfer LP	33,374	$644,118
SPPP	Sprott Physical Platinum & Palladium Trust	30,000	$465,900
OUNZ	VanEck Merk Gold ETF	10,011	$450,995
SWKS	Skyworks Solutions, Inc.	7,807	$418,064
U	Unity Software Inc.	17,276	$379,035
HAS	Hasbro, Inc.	3,940	$368,784
CBNA	Chain Bridge Bancorp Inc	8,700	$303,630
No positions match the current search.

Sold Out

Positions the filer fully exited

25 positions

Ticker	Company	Shares	Value
WBS	Webster Financial Corp	45,563	$2,867,735
CWAN	Clearwater Analytics Holdings, Inc.	73,073	$1,762,520
DOX	Amdocs Ltd	20,039	$1,613,339
AZZ	Azz Inc	6,698	$717,891
THFF	First Financial Corp /In/	11,295	$682,443
KKR	KKR & Co. Inc.	5,347	$681,635
VMI	Valmont Industries Inc	1,657	$666,644
OMC	Omnicom Group Inc.	7,431	$600,053
WEX	WEX Inc.	3,995	$595,175
ENS	EnerSys	3,008	$441,424
UTHR	UNITED THERAPEUTICS Corp	872	$424,882
MSGS	Madison Square Garden Sports Corp.	1,622	$419,530
QXO	QXO, Inc.	21,535	$415,410
NGVT	Ingevity Corp	6,995	$413,964
GHC	Graham Holdings Co	375	$411,975
MTCH	Match Group, Inc.	12,352	$398,846
MOD	Modine Manufacturing Co	2,900	$387,179
AAP	Advance Auto Parts Inc	9,487	$372,839
VFC	V F Corp	20,448	$369,699
SMG	Scotts Miracle-Gro Co	6,248	$364,570
OI	O-I Glass, Inc. /DE/	24,611	$363,258
TMUS	T-Mobile US, Inc.	1,742	$353,695
BATRA	Atlanta Braves Holdings, Inc.	8,002	$340,004
HRI	Herc Holdings Inc	2,215	$328,661
RDDT	Reddit, Inc.	1,377	$316,530
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

555 positions · $8,173,340,175 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 555 positions by value · page 1 of 12

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
AAPL	Apple Inc. Technology	Reduced	1,834,364	-26,580	$465,543,239	−8.0%	5.70%
GOOGL	Alphabet Inc. Communication Services	Reduced	1,102,555	-34,910	$317,050,715	−10.9%	3.88%
PG	PROCTER & GAMBLE Co Consumer Defensive	Reduced	2,192,299	-122,821	$316,655,667	−4.6%	3.87%
MSFT	Microsoft Corp Technology	Added	852,480	+24,250	$315,562,521	−21.2%	3.86%
CINF	Cincinnati Financial Corp Financial Services	Added	1,453,793	+49,884	$228,754,328	−0.2%	2.80%
WMB	Williams Companies, Inc. Energy	Reduced	2,898,359	-150,376	$210,942,568	+15.1%	2.58%
AMZN	Amazon Com Inc Consumer Cyclical	Added	955,261	+24,726	$198,952,208	−7.4%	2.43%
NVT	nVent Electric plc Industrials	Reduced	1,557,178	-26,922	$184,183,013	+14.0%	2.25%
AEP	American Electric Power Co Inc Utilities	Reduced	1,166,421	-4,061	$152,894,464	+13.3%	1.87%
MA	Mastercard Inc Financial Services	Added	290,453	+8,630	$145,127,745	−9.8%	1.78%
TJX	Tjx Companies Inc /De/ Consumer Cyclical	Reduced	859,783	-12,455	$137,307,345	+2.5%	1.68%
V	Visa Inc. Financial Services	Added	444,660	+25,077	$134,394,038	−8.7%	1.64%
CVX	Chevron Corp Energy	Reduced	643,348	-135,553	$133,108,701	+12.1%	1.63%
NDAQ	Nasdaq, Inc. Financial Services	Reduced	1,540,306	-15,373	$130,756,576	−13.5%	1.60%
WM	Waste Management Inc Industrials	Added	565,892	+6,470	$130,036,322	+5.8%	1.59%
APH	Amphenol Corp /De/ Technology	Reduced	1,008,580	-43,289	$127,434,083	−10.4%	1.56%
DHR	Danaher Corp /De/ Healthcare	Added	670,423	+13,684	$127,112,200	−15.5%	1.56%
ADI	Analog Devices Inc Technology	Reduced	398,191	-27,108	$126,680,484	+9.8%	1.55%
TSM	Taiwan Semiconductor Manufacturing Co Ltd Technology	Reduced	359,003	-22,507	$121,325,063	+4.6%	1.48%
LNT	Alliant Energy Corp Utilities	Reduced	1,686,020	-292,379	$120,988,795	−5.9%	1.48%
AXS	Axis Capital Holdings Ltd Financial Services	Reduced	1,160,623	-11,373	$117,698,778	−6.2%	1.44%
COR	Cencora, Inc. Healthcare	Reduced	363,545	-5,493	$114,204,026	−8.4%	1.40%
AVGO	Broadcom Inc. Technology	Added	352,826	+183,922	$109,203,175	+86.8%	1.34%
KO	Coca Cola Co Consumer Defensive	Reduced	1,424,982	-68,478	$108,369,881	+3.8%	1.33%
ABT	Abbott Laboratories Healthcare	Added	1,022,743	+36,779	$105,005,023	−15.0%	1.28%
HON	Honeywell International Inc Industrials	Reduced	414,894	-3,694	$98,351,867	+14.8%	1.20%
MCD	Mcdonalds Corp Consumer Cyclical	Reduced	310,172	-4,655	$96,398,355	+0.2%	1.18%
ASML	Asml Holding NV Technology	Reduced	72,872	-23,364	$96,251,523	−6.5%	1.18%
WMT	Walmart Inc. Consumer Defensive	Reduced	716,135	-18,855	$89,001,257	+8.7%	1.09%
SPY	Spdr S&P 500 ETF Trust	Added	133,289	+2,671	$86,683,168	−2.7%	1.06%
PEP	Pepsico Inc Consumer Defensive	Added	548,387	+1,829	$85,159,017	+8.6%	1.04%
MRSH	Marsh & Mclennan Companies, Inc. Financial Services	Added	490,552	+4,402	$85,086,244	−5.7%	1.04%
COST	Costco Wholesale Corp /New Consumer Defensive	Reduced	84,445	-87	$84,143,531	+15.4%	1.03%
WTW	Willis Towers Watson PLC Financial Services	Added	288,056	+3,666	$83,737,879	−10.4%	1.02%
ITW	Illinois Tool Works Inc Industrials	Added	321,388	+121	$83,654,082	+5.7%	1.02%
NDSN	Nordson Corp Industrials	Reduced	306,287	-27,235	$81,490,719	+1.6%	1.00%
NVDA	Nvidia Corp Technology	Added	446,373	+16,115	$77,847,451	−3.0%	0.95%
LOW	Lowes Companies Inc Consumer Cyclical	Reduced	311,773	-13,605	$73,665,724	−6.1%	0.90%
QQQ	Invesco Qqq Trust, Series 1	Added	123,384	+4,169	$71,214,777	−2.8%	0.87%
SYK	Stryker Corp Healthcare	Added	214,278	+3,670	$70,409,608	−4.9%	0.86%
ACN	Accenture plc Technology	Reduced	352,265	-10,082	$69,850,626	−28.2%	0.85%
JPM	Jpmorgan Chase & Co Financial Services	Added	234,006	+6,352	$68,835,204	−6.2%	0.84%
AVY	Avery Dennison Corp Consumer Cyclical	Added	368,045	+6,440	$63,554,010	−3.4%	0.78%
BKR	Baker Hughes Co Energy	Reduced	980,304	-7,650	$59,847,559	+33.0%	0.73%
AFG	American Financial Group Inc Financial Services	Reduced	454,723	-23,752	$58,072,674	−11.2%	0.71%
CL	Colgate Palmolive Co Consumer Defensive	Added	642,952	+61,899	$54,798,798	+19.3%	0.67%
UMBF	Umb Financial Corp Financial Services	Added	482,949	+120,831	$54,471,817	+30.8%	0.67%
LH	Labcorp Holdings Inc. Healthcare	Added	199,554	+198,542	$53,243,002	+20870.9%	0.65%
TSLA	Tesla, Inc. Consumer Cyclical	Added	142,379	+600	$52,929,393	−17.0%	0.65%
FHN	First Horizon Corp Financial Services	Reduced	2,200,797	-223,498	$50,090,139	−13.5%	0.61%