Clifford Swan Investment Counsel
PASADENA, CAfiles as CLIFFORD SWAN INVESTMENT COUNSEL LLC
$3.1bn in 335 US stocks at the end of 30 June 2026. The top 10 are 30.5% of the money. It changed about 7.9% of the portfolio this quarter.
Value
$3.1bn
Stocks
335
Top 10 share
30.5%
Turnover
7.9%
What changed this quarter
New
Bought for the first time this quarter.
- DuPont de NemoursDD0.3% of the fund
- Honeywell InternationalHON0.2% of the fund
- Honeywell AerospaceHONA0.2% of the fund
- Texas Pacific LandTPL<0.1% of the fund
- Vanguard BD Index FDSBSV<0.1% of the fund
- Vanguard Index FDSVTV<0.1% of the fund
- Marvell TechnologyMRVL<0.1% of the fund
- Palo Alto NetworksPANW<0.1% of the fund
- FortinetFTNT<0.1% of the fund
- IconICLR<0.1% of the fund
- Valmont IndustriesVMI<0.1% of the fund
- Ishares TRIWF<0.1% of the fund
- Ishares TRIWD<0.1% of the fund
- Franklin ElectricFELE<0.1% of the fund
- Select Sector Spdr TRXLF<0.1% of the fund
- Spdr Index SHS FDSGMF<0.1% of the fund
- Simon Property GroupSPG<0.1% of the fund
- PNC Financial Services GroupPNC<0.1% of the fund
- PCB BancorpPCB<0.1% of the fund
Added
Bought more of a stock they already held.
- Booking HoldingsBKNG0.9% of the fund+24%
- AccentureACN0.9% of the fund+16%
- Tractor SupplyTSCO0.7% of the fund+3%
- IntuitINTU0.6% of the fund+33%
- CorpayCPAY0.5% of the fund+3%
- First TR Exchange-Traded FDLMBS0.5% of the fund+4%
- ZoetisZTS0.4% of the fund+28%
- Automatic Data ProcessingADP0.3% of the fund+2%
- Coca-ColaKO0.3% of the fund+3%
- AonAON0.3% of the fund+6%
- Verisk AnalyticsVRSK0.3% of the fund+1630%
- Otis WorldwideOTIS0.2% of the fund+16%
- Vanguard Intl Equity Index FVWO<0.1% of the fund+259%
- PaychexPAYX<0.1% of the fund+40%
- State STR Spdr DOW Jones INDDIA<0.1% of the fund+28%
- Enterprise Products Partners L.P.EPD<0.1% of the fund+5%
- Vanguard BD Index FDSBIV<0.1% of the fund+142%
- Ishares TRIEFA<0.1% of the fund+81%
- Constellation EnergyCEG<0.1% of the fund+6%
- EnbridgeENB<0.1% of the fund+3%
- Williams CompaniesWMB<0.1% of the fund+6%
- Plains ALL Amern Pipeline LPAA<0.1% of the fund+3%
- Select Sector Spdr TRXLE<0.1% of the fund+21%
- WatersWAT<0.1% of the fund+7%
- Ishares TRMUB<0.1% of the fund+8%
Cut
Sold some of their stake.
- AppleAAPL5.9% of the fund-3%
- AlphabetGOOGL4.4% of the fund-3%
- Costco WholesaleCOST2.9% of the fund-3%
- Arista NetworksANET2.7% of the fund-5%
- JPMorgan ChaseJPM1.8% of the fund-2%
- ChevronCVX1.6% of the fund-2%
- IntelINTC1.6% of the fund-12%
- AlphabetGOOG1.5% of the fund-2%
- UnitedHealth GroupUNH1.4% of the fund-8%
- Amazon.comAMZN1.3% of the fund-2%
- CortevaCTVA1.3% of the fund-3%
- Cisco SystemsCSCO1.3% of the fund-5%
- Johnson Controls InternationalJCI1.2% of the fund-6%
- RTXRTX1.2% of the fund-5%
- FastenalFAST1.2% of the fund-2%
- Allison Transmission HoldingsALSN1.1% of the fund-4%
- OracleORCL1.1% of the fund-3%
- EntegrisENTG0.9% of the fund-14%
- Labcorp HoldingsLH0.9% of the fund-3%
- QualcommQCOM0.9% of the fund-5%
- MckessonMCK0.9% of the fund-2%
- Keysight TechnologiesKEYS0.9% of the fund-5%
- SLB LimitedSLB0.8% of the fund-3%
- Spdr Gold TRGLD0.8% of the fund-2%
- SyscoSYY0.7% of the fund-2%
Sold out
Sold their entire stake.
- Honeywell InternationalHON-100%
- DuPont de NemoursDD-100%
- Vanguard Scottsdale FDSVGSH-100%
- First TR Exch Traded FD IIIFCAL-100%
- Ishares TRCMF-100%
- Doubleline ETF TrustDBND-100%
- TrimbleTRMB-100%
- Invesco Exch Traded FD TR IIPWZ-100%
- KrogerKR-100%
- Ross StoresROST-100%
- Global X FDSSIL-100%
- Sprott ETF TrustSGDM-100%
- Atmus Filtration TechnologiesATMU-100%
- Sprott Asset Management LPPSLV-100%
- GE HealthCare TechnologiesGEHC-100%
- AstrazenecaAZN-100%
Holdings
- Spdr Gold TRGLD
- Share
- 0.8%
- Value
- $25m
- Shares
- 67,082
-2%
- State STR Spdr S&P 500 ETF TSPY
- Share
- 0.6%
- Value
- $18m
- Shares
- 23,929
Held
- First TR Exchange-Traded FDLMBS
- Share
- 0.5%
- Value
- $15m
- Shares
- 303,619
+4%
- Select Sector Spdr TRXLK
- Share
- 0.4%
- Value
- $13m
- Shares
- 66,256
Held
- Vanguard Index FDSVOO
- Share
- 0.4%
- Value
- $12m
- Shares
- 17,014
Held
- Ishares TRIJR
- Share
- 0.4%
- Value
- $12m
- Shares
- 77,729
-9%
- Berkshire Hathaway INC DELBRK-A
- Share
- 0.4%
- Value
- $11m
- Shares
- 15
Held
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| AppleAAPL | 5.9% | $184m | 637,332 | -3% |
| AlphabetGOOGL | 4.4% | $136m | 379,220 | -3% |
| MicrosoftMSFT | 3.6% | $111m | 298,885 | Held |
| United Parcel ServiceUPS | 3.3% | $102m | 948,654 | Held |
| Costco WholesaleCOST | 2.9% | $89m | 95,154 | -3% |
| Arista NetworksANET | 2.7% | $83m | 486,391 | -5% |
| Berkshire HathawayBRK-B | 2.6% | $81m | 161,414 | Held |
| JPMorgan ChaseJPM | 1.8% | $57m | 174,259 | -2% |
| Johnson & JohnsonJNJ | 1.7% | $53m | 207,571 | Held |
| ChevronCVX | 1.6% | $51m | 305,061 | -2% |
| IntelINTC | 1.6% | $49m | 351,293 | -12% |
| AlphabetGOOG | 1.5% | $46m | 130,249 | -2% |
| UnitedHealth GroupUNH | 1.4% | $43m | 102,523 | -8% |
| Lowe's CompaniesLOW | 1.4% | $42m | 192,076 | Held |
| Amazon.comAMZN | 1.3% | $42m | 174,841 | -2% |
| CortevaCTVA | 1.3% | $41m | 488,361 | -3% |
| American ExpressAXP | 1.3% | $40m | 118,790 | Held |
| Cisco SystemsCSCO | 1.3% | $40m | 341,705 | -5% |
| CaterpillarCAT | 1.3% | $40m | 37,571 | Held |
| ExxonMobil HoldingsXOM | 1.3% | $39m | 286,015 | Held |
| Johnson Controls InternationalJCI | 1.2% | $38m | 262,208 | -6% |
| RTXRTX | 1.2% | $37m | 196,349 | -5% |
| FastenalFAST | 1.2% | $37m | 762,202 | -2% |
| AbbVieABBV | 1.2% | $37m | 145,173 | Held |
| Wells Fargo & CompanyWFC | 1.2% | $36m | 433,686 | Held |
| Allison Transmission HoldingsALSN | 1.1% | $36m | 316,379 | -4% |
| Emerson ElectricEMR | 1.1% | $35m | 243,559 | Held |
| OracleORCL | 1.1% | $34m | 234,843 | -3% |
| EntegrisENTG | 0.9% | $29m | 163,566 | -14% |
| Booking HoldingsBKNG | 0.9% | $29m | 162,831 | +24% |
| Labcorp HoldingsLH | 0.9% | $28m | 100,293 | -3% |
| AccentureACN | 0.9% | $28m | 222,512 | +16% |
| QualcommQCOM | 0.9% | $27m | 147,414 | -5% |
| MckessonMCK | 0.9% | $27m | 35,779 | -2% |
| Keysight TechnologiesKEYS | 0.9% | $27m | 76,527 | -5% |
| Parker-HannifinPH | 0.8% | $26m | 26,557 | Held |
| SLB LimitedSLB | 0.8% | $25m | 541,677 | -3% |
| Spdr Gold TRGLD | 0.8% | $25m | 67,082 | -2% |
| StrykerSYK | 0.8% | $25m | 78,447 | Held |
| SyscoSYY | 0.7% | $22m | 267,709 | -2% |
| Edwards LifesciencesEW | 0.7% | $22m | 245,113 | -2% |
| Hewlett Packard EnterpriseHPE | 0.7% | $21m | 474,893 | -20% |
| Procter & GamblePG | 0.7% | $21m | 143,239 | Held |
| McDonald'sMCD | 0.7% | $21m | 76,533 | Held |
| PepsiCoPEP | 0.7% | $21m | 152,112 | Held |
| Tractor SupplyTSCO | 0.7% | $20m | 641,378 | +3% |
| Mondelez InternationalMDLZ | 0.6% | $20m | 340,466 | Held |
| IntuitINTU | 0.6% | $20m | 75,319 | +33% |
| Union PacificUNP | 0.6% | $19m | 70,323 | Held |
| Agilent TechnologiesA | 0.6% | $19m | 143,133 | Held |
| Abbott LaboratoriesABT | 0.6% | $18m | 199,707 | Held |
| State STR Spdr S&P 500 ETF TSPY | 0.6% | $18m | 23,929 | Held |
| Ferguson EnterprisesFERG | 0.6% | $18m | 74,101 | Held |
| Meta PlatformsMETA | 0.6% | $17m | 30,430 | -3% |
| Bristol-Myers SquibbBMY | 0.5% | $17m | 293,833 | -3% |
| Philip Morris InternationalPM | 0.5% | $17m | 93,457 | Held |
| CorpayCPAY | 0.5% | $17m | 49,596 | +3% |
| CarMaxKMX | 0.5% | $16m | 308,133 | -5% |
| WalmartWMT | 0.5% | $16m | 140,660 | -3% |
| HPHPQ | 0.5% | $16m | 714,859 | Held |
| Novo Nordisk A SNVO | 0.5% | $15m | 318,484 | Held |
| First TR Exchange-Traded FDLMBS | 0.5% | $15m | 303,619 | +4% |
| StarbucksSBUX | 0.5% | $15m | 142,911 | -2% |
| ZoetisZTS | 0.4% | $14m | 189,326 | +28% |
| Home DepotHD | 0.4% | $13m | 37,776 | -2% |
| CumminsCMI | 0.4% | $13m | 18,353 | Held |
| AmgenAMGN | 0.4% | $13m | 36,058 | -3% |
| Goldman Sachs GroupGS | 0.4% | $13m | 12,878 | -3% |
| Walt DisneyDIS | 0.4% | $13m | 131,951 | Held |
| Select Sector Spdr TRXLK | 0.4% | $13m | 66,256 | Held |
| Colgate-PalmoliveCL | 0.4% | $12m | 135,938 | -2% |
| eBayEBAY | 0.4% | $12m | 111,476 | -27% |
| NvidiaNVDA | 0.4% | $12m | 62,142 | -4% |
| AlbemarleALB | 0.4% | $12m | 92,054 | -20% |
| Expeditors International of WashingtonEXPD | 0.4% | $12m | 74,841 | -5% |
| Qnity ElectronicsQ | 0.4% | $12m | 72,226 | -10% |
| Vanguard Index FDSVOO | 0.4% | $12m | 17,014 | Held |
| Ishares TRIJR | 0.4% | $12m | 77,729 | -9% |
| Berkshire Hathaway INC DELBRK-A | 0.4% | $11m | 15 | Held |
| PfizerPFE | 0.4% | $11m | 458,641 | -6% |
| Automatic Data ProcessingADP | 0.3% | $11m | 47,827 | +2% |
| General ElectricGE | 0.3% | $10m | 27,302 | Held |
| Coca-ColaKO | 0.3% | $10m | 122,380 | +3% |
| BroadcomAVGO | 0.3% | $10m | 26,229 | -4% |
| Texas InstrumentsTXN | 0.3% | $10m | 32,961 | -3% |
| Bank of New York MellonBNY | 0.3% | $10m | 67,612 | -4% |
| MerckMRK | 0.3% | $10m | 75,680 | Held |
| Northrop GrummanNOC | 0.3% | $10m | 18,808 | Held |
| AonAON | 0.3% | $9m | 28,607 | +6% |
| Novartis AGNVS | 0.3% | $9m | 60,118 | -17% |
| International Business MachinesIBM | 0.3% | $9m | 33,047 | Held |
| International Flavors & FragrancesIFF | 0.3% | $9m | 117,105 | -10% |
| DuPont de NemoursDD | 0.3% | $9m | 64,143 | New |
| ConocoPhillipsCOP | 0.3% | $9m | 83,565 | -7% |
| BoeingBA | 0.3% | $9m | 39,396 | Held |
| Illinois Tool WorksITW | 0.3% | $9m | 31,469 | Held |
| Public StoragePSA | 0.3% | $8m | 25,918 | Held |
| Verisk AnalyticsVRSK | 0.3% | $8m | 45,042 | +1630% |
| Otis WorldwideOTIS | 0.2% | $8m | 105,779 | +16% |
| Lam ResearchLRCX | 0.2% | $7m | 16,530 | Held |
Showing the largest 100 of 335.
Options (5)
- Lam ResearchLRCX
- Type
- Put
- Value
- $6m
- Contracts
- 14,700
- NvidiaNVDA
- Type
- Put
- Value
- $3m
- Contracts
- 15,000
- Arista NetworksANET
- Type
- Put
- Value
- $594,580
- Contracts
- 3,500
- AppleAAPL
- Type
- Put
- Value
- $405,104
- Contracts
- 1,400
- Costco WholesaleCOST
- Type
- Put
- Value
- $280,641
- Contracts
- 300
| Company | Type | Value | Contracts |
|---|---|---|---|
| Lam ResearchLRCX | Put | $6m | 14,700 |
| NvidiaNVDA | Put | $3m | 15,000 |
| Arista NetworksANET | Put | $594,580 | 3,500 |
| AppleAAPL | Put | $405,104 | 1,400 |
| Costco WholesaleCOST | Put | $280,641 | 300 |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is up 9.6% since 30 June 2025.
Where the money is
Technology24.3%
Industrials18.1%
Health care11.9%
Financial services9.2%
Everyday goods8.1%
Retail & consumer7.5%
Media & telecom7.1%
Energy4.6%
Materials2.7%
Real estate0.5%
Utilities0.4%
Other5.6%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.