# JOHNSON INVESTMENT COUNSEL INC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 821197. Source: https://holderbook.com/funds/821197-johnson-investment-counsel-inc/

- Reported value: $13.7B
- Positions: 839
- Weight of the ten largest: 31.6%
- Filed: 2026-07-23

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 |
|---|---|---|---|---|---|
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $1.1B | 1,473,438 | 8.1% | 31 |
| ISHARES TR | [IWB](https://holderbook.com/stocks/IWB/) | $585.3M | 1,429,386 | 4.3% | 31 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $515.7M | 1,782,340 | 3.8% | 31 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $386.6M | 1,081,872 | 2.8% | 25 |
| ISHARES TR | [IWR](https://holderbook.com/stocks/IWR/) | $331.2M | 3,001,929 | 2.4% | 31 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $326.4M | 2,225,685 | 2.4% | 31 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $325.1M | 871,535 | 2.4% | 31 |
| CINCINNATI FINL CORP | [CINF](https://holderbook.com/stocks/CINF/) | $262.5M | 1,417,965 | 1.9% | 31 |
| NVENT ELEC PLC | [NVT](https://holderbook.com/stocks/NVT/) | $246.6M | 1,454,085 | 1.8% | 26 |
| VANGUARD INTL EQUITY INDEX F | [VEU](https://holderbook.com/stocks/VEU/) | $241.0M | 2,877,438 | 1.8% | 31 |
| AB ACTIVE ETFS INC | [ILOW](https://holderbook.com/stocks/ILOW/) | $240.8M | 5,297,082 | 1.8% | 6 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $219.6M | 921,278 | 1.6% | 31 |
| WILLIAMS COS INC | [WMB](https://holderbook.com/stocks/WMB/) | $204.5M | 2,751,271 | 1.5% | 31 |
| AMPHENOL CORP | [APH](https://holderbook.com/stocks/APH/) | $175.4M | 994,623 | 1.3% | 31 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $167.1M | 2,344,738 | 1.2% | 31 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $165.8M | 347,119 | 1.2% | 31 |
| SCHWAB STRATEGIC TR | [SCHX](https://holderbook.com/stocks/SCHX/) | $161.6M | 5,492,353 | 1.2% | 31 |
| ANALOG DEVICES INC | [ADI](https://holderbook.com/stocks/ADI/) | $160.0M | 402,733 | 1.2% | 27 |
| AMERICAN ELEC PWR CO INC | [AEP](https://holderbook.com/stocks/AEP/) | $156.6M | 1,144,304 | 1.1% | 31 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $154.4M | 450,119 | 1.1% | 31 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $152.1M | 402,688 | 1.1% | 31 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $150.7M | 293,347 | 1.1% | 31 |
| ASML HLDG NV | [ASML](https://holderbook.com/stocks/ASML/) | $139.7M | 70,235 | 1.0% | 21 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $130.0M | 649,775 | 0.9% | 31 |
| TJX COS INC NEW | [TJX](https://holderbook.com/stocks/TJX/) | $128.5M | 848,363 | 0.9% | 31 |
| WASTE MGMT INC DEL | [WM](https://holderbook.com/stocks/WM/) | $127.0M | 569,714 | 0.9% | 31 |
| DANAHER CORP DEL | [DHR](https://holderbook.com/stocks/DHR/) | $124.4M | 653,183 | 0.9% | 31 |
| NASDAQ INC | [NDAQ](https://holderbook.com/stocks/NDAQ/) | $121.4M | 1,539,906 | 0.9% | 26 |
| AXIS CAP HLDGS LTD | [AXS](https://holderbook.com/stocks/AXS/) | $120.5M | 1,121,839 | 0.9% | 31 |
| ISHARES TR | [QUAL](https://holderbook.com/stocks/QUAL/) | $118.5M | 539,969 | 0.9% | 31 |
| ISHARES TR | [USMV](https://holderbook.com/stocks/USMV/) | $116.7M | 1,209,687 | 0.9% | 31 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $112.8M | 1,388,368 | 0.8% | 31 |
| HUBBELL INC | [HUBB](https://holderbook.com/stocks/HUBB/) | $110.8M | 211,855 | 0.8% | 31 |
| ALLIANT ENERGY CORP | [LNT](https://holderbook.com/stocks/LNT/) | $109.5M | 1,435,378 | 0.8% | 10 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $108.2M | 144,918 | 0.8% | 31 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $101.9M | 614,615 | 0.7% | 31 |
| ISHARES TR | [IJR](https://holderbook.com/stocks/IJR/) | $95.5M | 643,757 | 0.7% | 31 |
| CENCORA INC | [COR](https://holderbook.com/stocks/COR/) | $93.9M | 331,802 | 0.7% | 25 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $91.9M | 124,860 | 0.7% | 31 |
| ISHARES TR | [IWM](https://holderbook.com/stocks/IWM/) | $91.1M | 303,252 | 0.7% | 31 |
| NORDSON CORP | [NDSN](https://holderbook.com/stocks/NDSN/) | $90.6M | 300,447 | 0.7% | 22 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $89.5M | 986,617 | 0.7% | 9 |
| ILLINOIS TOOL WKS INC | [ITW](https://holderbook.com/stocks/ITW/) | $88.1M | 325,801 | 0.6% | 31 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $87.8M | 93,865 | 0.6% | 31 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $87.0M | 246,326 | 0.6% | 25 |
| STRYKER CORPORATION | [SYK](https://holderbook.com/stocks/SYK/) | $86.1M | 273,515 | 0.6% | 31 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $84.2M | 311,452 | 0.6% | 31 |
| ISHARES TR | [AGG](https://holderbook.com/stocks/AGG/) | $82.1M | 829,533 | 0.6% | 2 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $80.7M | 712,086 | 0.6% | 31 |
| J P MORGAN EXCHANGE TRADED F | [JMTG](https://holderbook.com/stocks/JMTG/) | $79.8M | 1,575,261 | 0.6% | 2 |
| MARSH & MCLENNAN COS INC | [MRSH](https://holderbook.com/stocks/MRSH/) | $79.7M | 478,020 | 0.6% | 31 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $78.2M | 238,916 | 0.6% | 31 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $73.5M | 542,756 | 0.5% | 31 |
| UMB FINL CORP | [UMBF](https://holderbook.com/stocks/UMBF/) | $71.5M | 500,732 | 0.5% | 8 |
| LOWES COS INC | [LOW](https://holderbook.com/stocks/LOW/) | $69.5M | 315,396 | 0.5% | 31 |
| WILLIS TOWERS WATSON PLC LTD | [WTW](https://holderbook.com/stocks/WTW/) | $64.5M | 246,960 | 0.5% | 27 |
| COLGATE PALMOLIVE CO | [CL](https://holderbook.com/stocks/CL/) | $62.9M | 685,685 | 0.5% | 31 |
| BAKER HUGHES COMPANY | [BKR](https://holderbook.com/stocks/BKR/) | $62.0M | 1,117,812 | 0.5% | 6 |
| LABCORP HOLDINGS INC | [LH](https://holderbook.com/stocks/LH/) | $61.2M | 218,731 | 0.4% | 9 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $60.6M | 144,067 | 0.4% | 31 |
| ISHARES TR | [IWF](https://holderbook.com/stocks/IWF/) | $59.6M | 480,326 | 0.4% | 31 |
| SERVICENOW INC | [NOW](https://holderbook.com/stocks/NOW/) | $59.0M | 594,066 | 0.4% | 21 |
| ISHARES TR | [IWP](https://holderbook.com/stocks/IWP/) | $58.7M | 401,192 | 0.4% | 31 |
| ISHARES TR | [EFA](https://holderbook.com/stocks/EFA/) | $58.5M | 563,443 | 0.4% | 31 |
| AVERY DENNISON CORP | [AVY](https://holderbook.com/stocks/AVY/) | $57.0M | 351,092 | 0.4% | 31 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $54.8M | 109,426 | 0.4% | 31 |
| IDEX CORP | [IEX](https://holderbook.com/stocks/IEX/) | $53.7M | 236,473 | 0.4% | 30 |
| AMERICAN EXPRESS CO | [AXP](https://holderbook.com/stocks/AXP/) | $53.3M | 157,560 | 0.4% | 31 |
| FIRST HORIZON CORPORATION | [FHN](https://holderbook.com/stocks/FHN/) | $51.4M | 2,005,929 | 0.4% | 24 |
| CHIPOTLE MEXICAN GRILL INC | [CMG](https://holderbook.com/stocks/CMG/) | $50.6M | 1,487,107 | 0.4% | 10 |
| ISHARES TR | [IJH](https://holderbook.com/stocks/IJH/) | $50.2M | 650,722 | 0.4% | 31 |
| VANGUARD WORLD FD | [VGT](https://holderbook.com/stocks/VGT/) | $49.0M | 410,374 | 0.4% | 31 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $47.8M | 69,531 | 0.3% | 31 |
| HONEYWELL INTL INC | [HON](https://holderbook.com/stocks/HON/) | $46.1M | 206,082 | 0.3% | 1 |
| APOLLO GLOBAL MGMT INC | [APO](https://holderbook.com/stocks/APO/) | $45.9M | 388,186 | 0.3% | 6 |
| HONEYWELL AEROSPACE INC | [HONA](https://holderbook.com/stocks/HONA/) | $45.5M | 205,717 | 0.3% | 1 |
| VANGUARD SCOTTSDALE FDS | [VGIT](https://holderbook.com/stocks/VGIT/) | $44.2M | 748,612 | 0.3% | 2 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $43.3M | 170,334 | 0.3% | 31 |
| ACCENTURE PLC IRELAND | [ACN](https://holderbook.com/stocks/ACN/) | $41.6M | 334,069 | 0.3% | 22 |
| SCHWAB STRATEGIC TR | [SCHA](https://holderbook.com/stocks/SCHA/) | $41.0M | 1,133,550 | 0.3% | 31 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $39.7M | 33,088 | 0.3% | 31 |
| CARLISLE COS INC | [CSL](https://holderbook.com/stocks/CSL/) | $39.7M | 109,359 | 0.3% | 31 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $39.1M | 155,264 | 0.3% | 7 |
| SCHWAB STRATEGIC TR | [SCHG](https://holderbook.com/stocks/SCHG/) | $37.4M | 1,104,821 | 0.3% | 31 |
| ISHARES TR | [MUB](https://holderbook.com/stocks/MUB/) | $36.2M | 336,267 | 0.3% | 2 |
| SCHWAB STRATEGIC TR | [SCHF](https://holderbook.com/stocks/SCHF/) | $36.1M | 1,301,699 | 0.3% | 31 |
| VANGUARD SCOTTSDALE FDS | [VGSH](https://holderbook.com/stocks/VGSH/) | $35.6M | 612,364 | 0.3% | 2 |
| AMERICAN FINANCIAL GROUP INC | [AFG](https://holderbook.com/stocks/AFG/) | $35.5M | 253,912 | 0.3% | 31 |
| S&P GLOBAL INC | [SPGI](https://holderbook.com/stocks/SPGI/) | $35.5M | 87,241 | 0.3% | 31 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $34.3M | 97,381 | 0.3% | 31 |
| VANGUARD SCOTTSDALE FDS | [VCIT](https://holderbook.com/stocks/VCIT/) | $33.1M | 399,996 | 0.2% | 2 |
| SHERWIN WILLIAMS CO | [SHW](https://holderbook.com/stocks/SHW/) | $31.9M | 92,523 | 0.2% | 31 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $31.3M | 55,525 | 0.2% | 31 |
| GENUINE PARTS CO | [GPC](https://holderbook.com/stocks/GPC/) | $30.3M | 256,988 | 0.2% | 23 |
| US BANCORP | [USB](https://holderbook.com/stocks/USB/) | $30.3M | 501,656 | 0.2% | 31 |
| SCHWAB STRATEGIC TR | [SCHM](https://holderbook.com/stocks/SCHM/) | $30.1M | 815,376 | 0.2% | 31 |
| GE AEROSPACE | [GE](https://holderbook.com/stocks/GE/) | $29.3M | 78,379 | 0.2% | 20 |
| ISHARES TR | [IWN](https://holderbook.com/stocks/IWN/) | $29.2M | 132,012 | 0.2% | 31 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $28.8M | 327,751 | 0.2% | 31 |
| CINTAS CORP | [CTAS](https://holderbook.com/stocks/CTAS/) | $28.2M | 165,810 | 0.2% | 31 |

## 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 | +9.3% | +14.8% | -5.5% | 100% |
| Q1 2026 | -2.5% | -4.6% | +2.1% | 100% |
| Q4 2025 | +2.1% | +2.4% | -0.2% | 100% |
| Q3 2025 | +5.9% | +7.8% | -1.9% | 100% |
| Q2 2025 | +5.8% | +10.5% | -4.7% | 100% |
| Q1 2025 | -1.8% | -4.6% | +2.7% | 100% |
| Q4 2024 | -0.1% | +2.1% | -2.2% | 100% |
| Q3 2024 | +6.8% | +5.4% | +1.4% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $13.7B | 839 |
| Q1 2026 | $12.4B | 810 |
| Q4 2025 | $12.2B | 789 |
| Q3 2025 | $12.0B | 818 |
| Q2 2025 | $11.2B | 807 |
| Q1 2025 | $10.4B | 798 |
| Q4 2024 | $10.3B | 789 |
| Q3 2024 | $10.2B | 808 |
| Q2 2024 | $9.5B | 765 |
| Q1 2024 | $9.2B | 762 |
| Q4 2023 | $8.5B | 711 |
| Q3 2023 | $7.8B | 676 |