# CLIFFORD SWAN INVESTMENT COUNSEL LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1034642. Source: https://holderbook.com/funds/1034642-clifford-swan-investment-counsel-llc/

- Reported value: $3.1B
- Positions: 335
- Weight of the ten largest: 30.4%
- Filed: 2026-08-20

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $184.8M | 637,332 | 5.9% | 31 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $135.5M | 379,220 | 4.3% | 31 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $111.5M | 298,885 | 3.6% | 31 |
| UNITED PARCEL SVCS INC | [UPS](https://holderbook.com/stocks/UPS/) | $102.0M | 948,654 | 3.3% | 31 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $89.3M | 95,154 | 2.9% | 31 |
| ARISTA NETWORKS INC | [ANET](https://holderbook.com/stocks/ANET/) | $83.2M | 486,391 | 2.7% | 7 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $80.8M | 161,414 | 2.6% | 31 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $57.0M | 174,259 | 1.8% | 31 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $52.7M | 207,571 | 1.7% | 31 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $50.6M | 305,061 | 1.6% | 31 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $49.1M | 351,293 | 1.6% | 31 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $46.0M | 130,249 | 1.5% | 31 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $42.6M | 102,523 | 1.4% | 31 |
| LOWES COS INC | [LOW](https://holderbook.com/stocks/LOW/) | $42.4M | 192,076 | 1.4% | 31 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $41.7M | 174,841 | 1.3% | 31 |
| CORTEVA INC | [CTVA](https://holderbook.com/stocks/CTVA/) | $41.4M | 488,361 | 1.3% | 29 |
| AMERICAN EXPRESS CO | [AXP](https://holderbook.com/stocks/AXP/) | $40.2M | 118,790 | 1.3% | 31 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $40.1M | 341,705 | 1.3% | 31 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $40.0M | 37,571 | 1.3% | 31 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $39.1M | 286,015 | 1.3% | 31 |
| JOHNSON CONTROLS INTERNATION | [JCI](https://holderbook.com/stocks/JCI/) | $38.3M | 262,208 | 1.2% | 31 |
| RTX CORPORATION | [RTX](https://holderbook.com/stocks/RTX/) | $37.3M | 196,349 | 1.2% | 25 |
| FASTENAL CO | [FAST](https://holderbook.com/stocks/FAST/) | $36.6M | 762,202 | 1.2% | 31 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $36.5M | 145,173 | 1.2% | 31 |
| WELLS FARGO & CO | [WFC](https://holderbook.com/stocks/WFC/) | $35.8M | 433,686 | 1.1% | 31 |
| ALLISON TRANSMISSION HLDGS I | [ALSN](https://holderbook.com/stocks/ALSN/) | $35.7M | 316,379 | 1.1% | 21 |
| EMERSON ELEC CO | [EMR](https://holderbook.com/stocks/EMR/) | $34.9M | 243,559 | 1.1% | 31 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $34.4M | 234,843 | 1.1% | 31 |
| ENTEGRIS INC | [ENTG](https://holderbook.com/stocks/ENTG/) | $29.4M | 163,566 | 0.9% | 16 |
| BOOKING HOLDINGS INC | [BKNG](https://holderbook.com/stocks/BKNG/) | $29.0M | 162,831 | 0.9% | 26 |
| LABCORP HOLDINGS INC | [LH](https://holderbook.com/stocks/LH/) | $28.1M | 100,293 | 0.9% | 8 |
| ACCENTURE PLC IRELAND | [ACN](https://holderbook.com/stocks/ACN/) | $27.7M | 222,512 | 0.9% | 31 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $27.2M | 147,414 | 0.9% | 31 |
| MCKESSON CORP | [MCK](https://holderbook.com/stocks/MCK/) | $27.0M | 35,779 | 0.9% | 31 |
| KEYSIGHT TECHNOLOGIES INC | [KEYS](https://holderbook.com/stocks/KEYS/) | $26.8M | 76,527 | 0.9% | 31 |
| PARKER-HANNIFIN CORP | [PH](https://holderbook.com/stocks/PH/) | $26.0M | 26,557 | 0.8% | 31 |
| SLB LIMITED | [SLB](https://holderbook.com/stocks/SLB/) | $25.2M | 541,677 | 0.8% | 31 |
| SPDR GOLD TR | [GLD](https://holderbook.com/stocks/GLD/) | $24.7M | 67,082 | 0.8% | 31 |
| STRYKER CORPORATION | [SYK](https://holderbook.com/stocks/SYK/) | $24.7M | 78,447 | 0.8% | 31 |
| SYSCO CORP | [SYY](https://holderbook.com/stocks/SYY/) | $22.4M | 267,709 | 0.7% | 31 |
| EDWARDS LIFESCIENCES CORP | [EW](https://holderbook.com/stocks/EW/) | $22.2M | 245,113 | 0.7% | 31 |
| HEWLETT PACKARD ENTERPRISE C | [HPE](https://holderbook.com/stocks/HPE/) | $21.4M | 474,893 | 0.7% | 31 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $21.0M | 143,239 | 0.7% | 31 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $20.7M | 76,533 | 0.7% | 31 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $20.6M | 152,112 | 0.7% | 31 |
| TRACTOR SUPPLY CO | [TSCO](https://holderbook.com/stocks/TSCO/) | $20.3M | 641,378 | 0.7% | 31 |
| MONDELEZ INTL INC | [MDLZ](https://holderbook.com/stocks/MDLZ/) | $19.7M | 340,466 | 0.6% | 31 |
| INTUIT | [INTU](https://holderbook.com/stocks/INTU/) | $19.7M | 75,319 | 0.6% | 31 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $19.1M | 70,323 | 0.6% | 31 |
| AGILENT TECHNOLOGIES INC | [A](https://holderbook.com/stocks/A/) | $19.0M | 143,133 | 0.6% | 31 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $18.1M | 199,707 | 0.6% | 31 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $17.9M | 23,929 | 0.6% | 31 |
| FERGUSON ENTERPRISES INC | [FERG](https://holderbook.com/stocks/FERG/) | $17.6M | 74,101 | 0.6% | 8 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $17.1M | 30,430 | 0.5% | 31 |
| BRISTOL-MYERS SQUIBB CO | [BMY](https://holderbook.com/stocks/BMY/) | $16.9M | 293,833 | 0.5% | 31 |
| PHILIP MORRIS INTL INC | [PM](https://holderbook.com/stocks/PM/) | $16.9M | 93,457 | 0.5% | 31 |
| CORPAY INC | [CPAY](https://holderbook.com/stocks/CPAY/) | $16.5M | 49,596 | 0.5% | 5 |
| CARMAX INC | [KMX](https://holderbook.com/stocks/KMX/) | $16.3M | 308,133 | 0.5% | 31 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $15.9M | 140,660 | 0.5% | 31 |
| HP INC | [HPQ](https://holderbook.com/stocks/HPQ/) | $15.7M | 714,859 | 0.5% | 31 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $15.4M | 62,142 | 0.5% | 27 |
| NOVO-NORDISK A S | [NVO](https://holderbook.com/stocks/NVO/) | $15.3M | 318,484 | 0.5% | 31 |
| FIRST TR EXCHANGE-TRADED FD | [LMBS](https://holderbook.com/stocks/LMBS/) | $15.1M | 303,619 | 0.5% | 31 |
| STARBUCKS CORP | [SBUX](https://holderbook.com/stocks/SBUX/) | $14.6M | 142,911 | 0.5% | 31 |
| ZOETIS INC | [ZTS](https://holderbook.com/stocks/ZTS/) | $13.6M | 189,326 | 0.4% | 4 |
| LAM RESEARCH CORP | [LRCX](https://holderbook.com/stocks/LRCX/) | $13.5M | 16,530 | 0.4% | 7 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $13.3M | 37,776 | 0.4% | 31 |
| CUMMINS INC | [CMI](https://holderbook.com/stocks/CMI/) | $13.1M | 18,353 | 0.4% | 31 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $13.1M | 36,058 | 0.4% | 31 |
| GOLDMAN SACHS GROUP INC | [GS](https://holderbook.com/stocks/GS/) | $13.0M | 12,878 | 0.4% | 31 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $12.7M | 131,951 | 0.4% | 31 |
| SELECT SECTOR SPDR TR | [XLK](https://holderbook.com/stocks/XLK/) | $12.6M | 66,256 | 0.4% | 31 |
| COLGATE PALMOLIVE CO | [CL](https://holderbook.com/stocks/CL/) | $12.5M | 135,938 | 0.4% | 31 |
| EBAY INC. | [EBAY](https://holderbook.com/stocks/EBAY/) | $12.5M | 111,476 | 0.4% | 31 |
| ALBEMARLE CORP | [ALB](https://holderbook.com/stocks/ALB/) | $12.4M | 92,054 | 0.4% | 31 |
| EXPEDITORS INTL WASH INC | [EXPD](https://holderbook.com/stocks/EXPD/) | $12.2M | 74,841 | 0.4% | 31 |
| QNITY ELECTRONICS INC | [Q](https://holderbook.com/stocks/Q/) | $11.8M | 72,226 | 0.4% | 3 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $11.7M | 17,014 | 0.4% | 31 |
| ISHARES TR | [IJR](https://holderbook.com/stocks/IJR/) | $11.5M | 77,729 | 0.4% | 31 |
| BERKSHIRE HATHAWAY INC DEL | [BRKA](https://holderbook.com/stocks/BRKA/) | $11.2M | 15 | 0.4% | 31 |
| PFIZER INC | [PFE](https://holderbook.com/stocks/PFE/) | $11.0M | 458,641 | 0.4% | 31 |
| AUTOMATIC DATA PROCESSING IN | [ADP](https://holderbook.com/stocks/ADP/) | $10.7M | 47,827 | 0.3% | 31 |
| GE AEROSPACE | [GE](https://holderbook.com/stocks/GE/) | $10.2M | 27,302 | 0.3% | 20 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $9.9M | 122,380 | 0.3% | 31 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $9.9M | 26,229 | 0.3% | 13 |
| TEXAS INSTRS INC | [TXN](https://holderbook.com/stocks/TXN/) | $9.8M | 32,961 | 0.3% | 31 |
| BANK OF NY MELLON CORP | [BNY](https://holderbook.com/stocks/BNY/) | $9.8M | 67,612 | 0.3% | 31 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $9.7M | 75,680 | 0.3% | 31 |
| NORTHROP GRUMMAN CORP | [NOC](https://holderbook.com/stocks/NOC/) | $9.6M | 18,808 | 0.3% | 31 |
| AON PLC | [AON](https://holderbook.com/stocks/AON/) | $9.5M | 28,607 | 0.3% | 8 |
| NOVARTIS AG | [NVS](https://holderbook.com/stocks/NVS/) | $9.4M | 60,118 | 0.3% | 31 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $9.3M | 33,047 | 0.3% | 31 |
| INTERNATIONAL FLAVORS&FRAGRA | [IFF](https://holderbook.com/stocks/IFF/) | $9.3M | 117,105 | 0.3% | 22 |
| DUPONT DE NEMOURS INC | - | $8.7M | 64,143 | 0.3% | 1 |
| CONOCOPHILLIPS | [COP](https://holderbook.com/stocks/COP/) | $8.7M | 83,565 | 0.3% | 31 |
| BOEING CO | [BA](https://holderbook.com/stocks/BA/) | $8.5M | 39,396 | 0.3% | 31 |
| ILLINOIS TOOL WKS INC | [ITW](https://holderbook.com/stocks/ITW/) | $8.5M | 31,469 | 0.3% | 31 |
| PUBLIC STORAGE | [PSA](https://holderbook.com/stocks/PSA/) | $8.2M | 25,918 | 0.3% | 31 |
| VERISK ANALYTICS INC | [VRSK](https://holderbook.com/stocks/VRSK/) | $8.1M | 45,042 | 0.3% | 2 |
| OTIS WORLDWIDE CORP | [OTIS](https://holderbook.com/stocks/OTIS/) | $7.6M | 105,779 | 0.2% | 25 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +8.7% | +14.8% | -6.1% | 100% |
| Q1 2026 | -1.0% | -4.6% | +3.6% | 100% |
| Q4 2025 | +1.4% | +2.4% | -1.0% | 100% |
| Q3 2025 | +6.4% | +7.8% | -1.4% | 100% |
| Q2 2025 | +4.6% | +10.5% | -5.8% | 100% |
| Q1 2025 | -2.6% | -4.6% | +1.9% | 100% |
| Q4 2024 | -0.2% | +2.1% | -2.4% | 100% |
| Q3 2024 | +5.8% | +5.4% | +0.4% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $3.1B | 335 |
| Q1 2026 | $2.9B | 332 |
| Q4 2025 | $3.0B | 323 |
| Q3 2025 | $3.0B | 322 |
| Q2 2025 | $2.8B | 313 |
| Q1 2025 | $2.7B | 309 |
| Q4 2024 | $2.8B | 305 |
| Q3 2024 | $2.8B | 312 |
| Q2 2024 | $2.7B | 303 |
| Q1 2024 | $2.7B | 307 |
| Q4 2023 | $2.6B | 299 |
| Q3 2023 | $2.4B | 298 |