CLIFFORD SWAN INVESTMENT COUNSEL LLC
SEC Form 13F institutional filer · CIK 0001034642
13F-HR · 227 reported holdings · 2026-03-31
SEC-registered institutional investment manager.
Reported long-US-equity value
$2.73B
Top-10 concentration
32.7%
CLIFFORD SWAN INVESTMENT COUNSEL LLC — $2.73B AUM allocation strategy
CLIFFORD SWAN INVESTMENT COUNSEL LLC files SEC Form 13F and reports $2.73B of long US equity value across 227 reported holdings for 2026-03-31.
Its largest sector bet is Information Technology 13.9%, followed by Industrials 7.6% and Financials 6.2%.
The top 10 holdings account for 33% of reported value — a broadly spread portfolio. The sector and industry splits below are of the same reported value. Track quarter-over-quarter adds, trims, new positions and exits below — sourced from SEC 13F filings, public domain.
CLIFFORD SWAN INVESTMENT COUNSEL LLC — latest SEC 13F insights
Reported long-US-equity value (13F AUM)
$2.73B
total across 227 reported holdings · 2026-03-31 · excludes shorts, cash, non-US
Top-10 concentration
33% of value
higher = narrower conviction; lower = spread / hedging
Biggest adds (shares)
+$ZTS +79.5K sh · +$8.87M+$MDLZ +51.3K sh · +$4.08M+$OTIS +49.1K sh · +$3.35M
Biggest trims (shares)
−$IVV −67.3K sh · −$4.98M−$INTC −35.6K sh · +$1.57M−$GOOGL −22.1K sh · −$10.5M
Sector allocation (share of reported value)
each slice is a share of the reported long-US-equity value — smaller sectors and the rest of the book roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Industry allocation (share of reported value)
- Technology Hardware, Storage & Peripherals6.1%—
- Interactive Media & Services5.5%—
- Integrated Oil & Gas4.2%—
- Systems Software4.1%—
- Consumer Staples Merchandise Retail3.6%—
- Air Freight & Logistics3.5%—
- Multi-Sector Holdings2.9%—
- Communications Equipment2.3%—
- Other holdings67.9%—
the finer GICS cut of the same book — same denominator — smaller industries roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Top S&P 500 holdings
10 of 10 rows · sorted by Value ↓
| Ticker | Holding | Shares | Value | Δ QoQ | Weight |
|---|---|---|---|---|---|
| $AAPL | Apple Inc | 658K | $167M | -20K | 6.1% |
| $GOOG | Alphabet Inc. Class C Capital Stock | 390K | $112M | -21.6K | 4.1% |
| $MSFT | Microsoft Corporation | 300K | $111M | -2.8K | 4.1% |
| $COST | Costco Wholesale Corporation | 97.8K | $97.4M | -1.72K | 3.6% |
| $UPS | United Parcel Service Inc | 968K | $95.2M | -2.77K | 3.5% |
| $BRK.B | Berkshire Hathaway Inc.-Class B | 165K | $78.8M | -1.51K | 2.9% |
| $CVX | Chevron Corporation | 311K | $64.4M | -2.17K | 2.4% |
| $ANET | Arista Networks Inc | 514K | $63.2M | -18.3K | 2.3% |
| $JPM | JP Morgan Chase & Co | 178K | $52.3M | -3.05K | 1.9% |
| $JNJ | Johnson & Johnson | 211K | $51.6M | -3.55K | 1.9% |
…and 217 more holdings in the full 13F filing (top positions only shown).
SEC Form 13F data sets · public domain · 45-day filing lag · >$100M AUM managers · as reported
← All 13F filers·← QuantOrb.pro
How to read Δ QoQ — the five insight categories, and the caveats
The categories. Analysts, quants and retail traders look past total portfolio value to isolate actionable signals. Five categories matter.
Conviction & concentration shifts
New positions vs complete exits — a brand-new stock signals high conviction; a full liquidation suggests a broken thesis or tax-loss harvesting. Aggressive sizing — look at share count, not dollars: a 20% share increase during a drawdown is strong dip-buying. Concentration — a narrowing top-5/10 means conviction; spreading capital across more names means hedging.
Sector & macro allocation rotations
Aggregating Δ QoQ moves across sectors shows where smart money is leaning in or sneaking out — rotating out of growth into defensives or energy, for example. The fund's total long equity exposure quarter-over-quarter is a proxy for overall institutional risk appetite.
Crowding & smart-money consensus
When several managers initiate or expand the same stock in the same quarter, that is institutional consensus. Contrarian reads: top pickers buying hard into a beaten-down name the market is selling.
Derivative & option overlays
Reported call/put changes indicate whether managers are adding downside hedges or leveraging upside exposure. Note: a long increase may be half of a market-neutral pair trade.
Who reads this
| Retail "cloners" | High-conviction ideas to replicate ~45 days after quarter-end. |
| Corporate IR | Which funds bought or dumped the stock, before the next call. |
| Quant / algo traders | Cross-sectional factor inputs: flow, momentum, ownership. |
Four caveats before you trade on it
- 45-day lag — holdings are quarter-end; positions may already be closed.
- Long-only — 13Fs miss shorts, pair trades and cash.
- No non-US / fixed income — the picture is US equities plus options.
- Corporate actions — splits and spinoffs distort raw share deltas.
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